June 1, 2008
Exhibit 99.B(d)(2)(T)(i)
June 1, 2008
Xxxxx Xxxxxxxx
Chief Operating Officer
ING Clarion Real Estate Securities
000 Xxxxx Xxxxxx-Xxxxxxx Xxxx
Suite 205
Radnor, PA 19087
Dear Xx. Xxxxxxxx:
Pursuant to the Sub-Advisory Agreement dated January 3, 2006 between ING Investments, LLC and ING Clarion Real Estate Securities L.P., as amended, (the “Agreement”), we hereby notify you of our intention to modify the annual sub-adviser fee for ING Global Real Estate Portfolio (the “Portfolio”), effective June 1, 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 Schedule A of the Agreement. The Amended Schedule A, with the annual sub-adviser fee indicated for the Portfolio, is attached hereto.
Please signify your acceptance to the modified sub-adviser fee with respect to the Portfolio by signing below where indicated.
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Very sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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ING Investments, LLC |
ACCEPTED AND AGREED TO:
ING Clarion Real Estate Securities L.P.
By: |
/s/ X. Xxxxxx Xxxxxxxx |
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Name: |
Xxxxxx Xxxxxxxx |
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Title: |
Managing Director, CIO, Duly Authorized |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
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Tel: 000-000-0000 |
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ING Investments, LLC |
Scottsdale, AZ 00000-0000 |
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Fax: 000-000-0000 |
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xxx.xxxxxxxx.xxx |
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AMENDED SCHEDULE A
with respect to the
between
ING INVESTMENTS, LLC
and
ING CLARION REAL ESTATE SECURITIES L.P.
Series |
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Annual Sub-Adviser Fee |
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(as a percentage of average daily net assets) |
ING Global Real Estate Portfolio |
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0.400% on first $200 million of assets; |
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0.350% on next $550 million of assets; and |
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0.300% on assets in excess of $750 million |