Directed Services LLC August 20, 2008 Randy Takian Morgan Stanley Investment Management, Inc. d/b/a Van Kampen New York, New York 10036 Dear Mr. Takian:
Exhibit 99.B(d)(2)(H)(i)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
August 20, 2008
Xxxxx Xxxxxx
Xxxxxx Xxxxxxx Investment Management, Inc. d/b/a Xxx Xxxxxx
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xx. Xxxxxx:
Pursuant to Section 1 of the Portfolio Management Agreement dated May 1, 2002, as amended, among ING Investors Trust, Directed Services LLC and Xxxxxx Xxxxxxx Investment Management, Inc. d/b/a Xxx Xxxxxx (the “Agreement”) we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Xxx Xxxxxx Global Tactical Asset Allocation Portfolio, a series of ING Investors Trust (the “Portfolio”), effective August 20, 2008 upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Amended Schedule A and the Amended Schedule B of the Agreement. The Amended Schedule A, which lists the series subject to the Agreement, and the Amended Schedule B, with the annual sub-advisory fees indicated for the Portfolio are attached hereto.
Please signify your acceptance to act as Sub-Adviser for the Portfolio under the Agreement by signing below.
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Very sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services LLC |
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ACCEPTED AND AGREED TO: |
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Xxxxxx Xxxxxxx Investment Management, Inc. d/b/a Xxx Xxxxxx |
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By: |
/s/ Xxxxx Xxxxxx |
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Name: |
Xxxxx Xxxxxx |
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Title: |
Managing Director, Duly Authorized |
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1
AMENDED SCHEDULE A
The Series of ING Investors Trust, as described in Section 1 of the Portfolio Management Agreement, to which Xxxxxx Xxxxxxx Investment Management, Inc. shall act as Portfolio Manager is as follows:
ING Xxx Xxxxxx Capital Growth Portfolio
ING Xxx Xxxxxx Global Franchise Portfolio
ING Xxx Xxxxxx Global Tactical Asset Allocation Portfolio
ING Xxx Xxxxxx Growth and Income Portfolio
ING Xxx Xxxxxx Real Estate Portfolio
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AMENDED SCHEDULE B
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Xxxxxx Xxxxxxx Investment Management, Inc. (“Portfolio Manager”) to the following Series of ING Investors Trust, pursuant to the attached Portfolio Management Agreement, the Manager will pay the Portfolio Manager a fee, computed daily and payable monthly, based on the average daily net assets of the Series at the following annual rates of the average daily net assets of the Series:
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Rate |
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ING Xxx Xxxxxx Capital Growth Portfolio(1) |
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0.400% on first $250 million; |
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0.375% on next $250 million; |
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0.350% on next $500 million; and |
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0.275% thereafter |
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ING Xxx Xxxxxx Global Franchise Portfolio |
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0.65% on first $150 million; |
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0.55% on next $150 million; |
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0.45% on next $200 million; and |
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0.40% thereafter |
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ING Xxx Xxxxxx Global Tactical Asset Allocation Portfolio |
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0.45% on the first $500 million of assets; and |
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0.40% on assets thereafter |
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ING Xxx Xxxxxx Growth and Income Portfolio |
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0.50% on first $100 million; |
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0.40% on next $100 million; |
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0.30% on next $100 million; |
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0.25% on next $700 million; and |
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0.20% thereafter |
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ING Xxx Xxxxxx Real Estate Portfolio |
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0.50% on first $200 million; and |
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0.40% thereafter |
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(1) For purposes of calculating fees under this Agreement, the assets of the Series shall be aggregated with the assets of ING Xxx Xxxxxx Xxxxxxxx Portfolio, a series of ING Partners, Inc., which is not a party to this Agreement. The aggregated assets will be applied to the above schedule and the resulting fee shall be prorated back to each Series and its respective Adviser/Manager based on relative net assets.
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