Exhibit 99.B(d)(1)(i)
[ING FUNDS LOGO]
April 11, 2006
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Pursuant to the Amended Investment Management Agreement dated April 1, 2004
between ING Series Fund, Inc. and ING Investments, LLC (the "Agreement") we
hereby notify you of our intention to retain you as Manager to render investment
advisory services to ING 130/30 Fundamental Research Fund (the "Fund"), a newly
established series of ING Series Fund, Inc., effective April 11, 2006. Upon your
acceptance, the Agreement will be modified to give effect to the foregoing as
indicated on AMENDED SCHEDULE A of the Agreement. The AMENDED SCHEDULE A, with
the annual investment management fees indicated for the Fund, is attached
hereto.
AMENDED SCHEDULE A has also been updated to (1) reflect name changes of ING
Index Plus Protection Fund to ING Classic Index Plus Fund; and (2) remove ING
Classic Principal Protection Fund IV, ING Government Fund and ING Value
Opportunity Fund as these funds were recently dissolved or merged into other
funds.
Please signify your acceptance to act as Manager for the Fund by signing
below where indicated.
Very sincerely,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Executive Vice President
ING Series Fund, Inc.
ACCEPTED AND AGREED TO:
ING Investments, LLC
By: /s/ Xxxx Xxxxx
-----------------------------
Xxxx Xxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Series Fund, Inc.
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
WITH RESPECT TO THE
AMENDED INVESTMENT MANAGEMENT AGREEMENT
BETWEEN
ING SERIES FUND, INC.
AND
ING INVESTMENTS, LLC
SERIES ANNUAL INVESTMENT MANAGEMENT FEE
------ --------------------------------
(AS A PERCENTAGE OF DAILY NET ASSETS)
Brokerage Cash Reserves 0.200% on first $1 billion
0.190% on next $2 billion
0.180% over $3 billion
ING 130/30 Fundamental Research Fund 0.800% on first $500 million
0.750% on next $500 million
0.700% over $1 billion
ING Aeltus Money Market Fund 0.400% on first $500 million
0.350% on next $500 million
0.340% on next $1 billion
0.330% on next $1 billion
0.300% over $3 billion
ING Balanced Fund 0.800% on first $500 million
0.750% on next $500 million
0.700% on next $1 billion
0.650% over $2 billion
ING Classic Index Plus Fund 0.450%
ING Equity Income Fund 0.700% on first $250 million
0.650% on next $250 million
0.625% on next $250million
0.600% on next $1.25 billion
0.550% over $2 billion
2
SERIES ANNUAL INVESTMENT MANAGEMENT FEE
------ --------------------------------
(AS A PERCENTAGE OF DAILY NET ASSETS)
ING Global Science and Technology Fund 1.050% on first $500 million
1.025% on next $500 million
1.000% over $1 billion
ING Growth Fund 0.700% on first $250 million
0.650% on next $250 million
0.625% on next $250 million
0.600% on next $1.25 billion
0.550% over $2 billion
ING Index Plus LargeCap Fund 0.450% on first $500 million
0.425% on next $250 million
0.400% on next $1.25 billion
0.375% over $2 billion
ING Index Plus MidCap Fund 0.450% on first $500 million
0.425% on next $250 million
0.400% on next $1.25 billion
0.375% over $2 billion
ING Index Plus SmallCap Fund 0.450% on first $500 million
0.425% on next $250 million
0.400% on next $1.25 billion
0.375% over $2 billion
ING International Growth Fund 0.850% on first $250 million
0.800% on next $250 million
0.775% on next $250 million
0.750% on next $1.25 billion
0.700% over $2 billion
ING Small Company Fund 0.850% on first $250 million
0.800% on next $250 million
0.775% on next $250 million
0.750% on next $1.25 billion
0.725% over $2 billion
ING Strategic Allocation Balanced Fund 0.800% on first $500 million
0.775% on next $500 million
0.750% on next $500 million
0.725% on next $500 million
0.700% over $2 billion
ING Strategic Allocation Growth Fund 0.800% on first $500 million
0.775% on next $500 million
0.750% on next $500 million
0.725% on next $500 million
0.700% over $2 billion
3
SERIES ANNUAL INVESTMENT MANAGEMENT FEE
------ --------------------------------
(AS A PERCENTAGE OF DAILY NET ASSETS)
ING Strategic Allocation Income Fund 0.800% on first $500 million
0.775% on next $500 million
0.750% on next $500 million
0.725% on next $500 million
0.700% over $2 billion
4
