Exhibit (d.20)
AMENDMENT
TO
INVESTMENT ADVISORY AGREEMENT
BETWEEN
ING LIFE INSURANCE AND ANNUITY COMPANY
AND
ING PARTNERS, INC.
AMENDMENT made as of this 1st day of May, 2004, to the Investment
Advisory Agreement dated as of May 1, 2003 (the "Agreement"), between ING Life
Insurance and Annuity Company, an insurance corporation organized and existing
under the laws of the State of Connecticut (the "Adviser"), and ING Partners,
Inc., a corporation organized and existing under the laws of Maryland (the
"Company"). In consideration of the mutual covenants contained herein, the
parties agree to amend the Agreement as follows:
1. Replace Schedule A to the Agreement with the following:
SCHEDULE A
SERIES OF ING PARTNERS, INC.
Initial Series
o ING Aeltus Enhanced Index Portfolio (formerly ING DSI
Enhanced Index Portfolio)
o ING Xxxxx Growth Portfolio
o ING Xxxxx Aggressive Growth Portfolio
o ING American Century Small Cap Value Portfolio
o ING Baron Small Cap Growth Portfolio
o ING Xxxxxxx Xxxxx(R)Capital Growth Portfolio
o ING JPMorgan Xxxxxxx International Portfolio
o ING JPMorgan Mid Cap Value Portfolio
o ING MFS Capital Opportunities Portfolio
o ING MFS Global Growth Portfolio
o ING OpCap Balanced Value Portfolio
o ING PIMCO Total Return Portfolio
o ING Salomon Brothers Aggressive Growth Portfolio
o ING Salomon Brothers Investors Value Portfolio
o ING Salomon Brothers Fundamental Value Portfolio
o ING X. Xxxx Price Growth Equity Portfolio
o ING UBS U.S. Allocation Portfolio (formerly ING UBS Tactical
Asset Allocation Portfolio)
o ING UBS U.S. Large Cap Equity Portfolio (formerly ING MFS
Research Equity Portfolio)
o ING Xxx Xxxxxx Xxxxxxxx Portfolio
Additional Series
o ING Xxxxx Capital Appreciation Portfolio
o ING Xxxxxxx Xxxxx(R) Core Equity Portfolio
Dated: May 1, 2004
2. Replace Schedule B to the Agreement with the following:
SCHEDULE B
ADVISORY FEES
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Initial Series Fees
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o ING Aeltus Enhanced Index Portfolio 0.60% of average daily net assets
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o ING Xxxxx Growth Portfolio 0.80% of average daily net assets
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o ING Xxxxx Aggressive Growth Portfolio 0.85% of average daily net assets
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o ING American Century Small Cap Value 1.00% of average daily net assets
Portfolio
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o ING Baron Small Cap Growth Portfolio 0.85% of average daily net assets
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o ING Xxxxxxx Xxxxx(R)Capital Growth Portfolio 0.85% of average daily net assets
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o ING JPMorgan Xxxxxxx International Portfolio 0.80% of average daily net assets
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o ING JPMorgan Mid Cap Value Portfolio 0.75% of average daily net assets
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o ING MFS Capital Opportunities Portfolio 0.65% of average daily net assets
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o ING MFS Global Growth Portfolio 0.60% of average daily net assets
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o ING OpCap Balanced Value Portfolio 0.80% of average daily net assets
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o ING PIMCO Total Return Portfolio 0.50% of average daily net assets
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o ING Salomon Brothers Investors Value 0.80% of average daily net assets
Portfolio
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o ING Salomon Brothers Fundamental Value 0.90% of average daily net assets
Portfolio
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o ING Salomon Brothers Aggressive Growth 0.70% of the first $500 million of average
Portfolio daily net assets;
0.65% on assets over $500 million
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o ING X. Xxxx Price Growth Equity Portfolio 0.60% of average daily net assets
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o ING UBS U.S. Allocation Portfolio 0.85% of average daily net assets
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o ING UBS U.S. Large Cap Equity Portfolio 0.70% on the first $500 million of average
daily net assets;
0.65% on assets over $500 million
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o ING Xxx Xxxxxx Xxxxxxxx Portfolio 0.60% of average daily net assets
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Additional Series Fees
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o ING Xxxxx Capital Appreciation Portfolio 0.70% of average daily net assets
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o ING Xxxxxxx Xxxxx(R)Core Equity Portfolio 0.70% of average daily net assets
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Dated: May 1, 2004
This Amendment shall become effective as of the date first written
above.
Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
Except as expressly amended and modified hereby, all provisions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their duly authorized
signatories the date and year first above written.
ING LIFE INSURANCE AND ANNUITY COMPANY
By: /s/ Xxxxxx X. Xxxxxxxxxxx
-----------------------------
Xxxxxx X. Xxxxxxxxxxx
Title: Vice President
ING PARTNERS, INC.
By: /s/ Xxxxx Xxxxxxxx
-----------------------------
Xxxxx X. Xxxxxxxx
Title: President
