(d)(1)(iii)
(ING FUNDS LOGO)
November 1, 2006
ING Funds
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
By our execution of this letter agreement, we hereby notify you that,
during periods when any current and future series of ING Equity Trust, ING
Global Advantage and Premium Opportunity Fund, ING Funds Trust, ING Investment
Funds, Inc., ING Investors Trust, ING Mayflower Trust, ING Mutual Funds, ING
Risk Managed Natural Resources Fund, ING Senior Income Fund, ING Variable
Insurance Trust, ING Variable Products Trust, ING VP Natural Resources Trust,
and any future mutual fund company ("ING Funds") are managed by ING Investments,
LLC and sub-advised by ING Investment Management Co. invests in ING
Institutional Prime Money Market Fund or any other affiliated money market fund
as we may identify in writing (the "Underlying Fund"), ING Investments, LLC will
waive fees with respect to the assets invested in the Underlying Fund. The
waiver will be equal to the advisory fee received by ING Investments, LLC from
the Underlying Fund attributable to the assets that the ING Funds invest in the
Underlying Fund.
Please indicate your agreement to this Waiver by executing below in the
place indicated.
Very sincerely,
By: /s/ Xxxx Xxxxx
------------------------------------
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
Agreed and Accepted:
ING Funds
By: /s/ Xxxxxx X. Xxxx
---------------------------------
Xxxxxx X. Xxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investments, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
