[ING FUNDS LOGO]
EXHIBIT (h)(1)(i)
July 29, 2005
Xxxx Xxxxx
Senior Vice President
ING Funds Services, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Administration Agreement dated September 23, 2002, as
amended, between ING Funds Trust and ING Funds Services, LLC (the "Agreement")
we hereby notify you of our intention to retain you as Administrator to render
administrative and other services to ING Institutional Prime Money Market Fund
(the "Fund"), 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 adding the Fund to AMENDED SCHEDULE A of the Agreement. The AMENDED
SCHEDULE A, with the annual administration fees indicated for each series, is
attached hereto.
AMENDED SCHEDULE A has also been updated by the removal of ING High
Yield Opportunity Fund, ING Lexington Money Market Trust and ING Money Market
Fund as these funds recently merged into other funds.
Please signify your acceptance to act as Administrator under the
Agreement with respect to the aforementioned Fund.
Very sincerely,
/s/ Xxxxxx X. Xxxx
------------------
Xxxxxx X. Xxxx
Senior Vice President
ING Funds Trust
ACCEPTED AND AGREED TO:
ING Funds Services, LLC
By: /s/ Xxxx Xxxxx
--------------
Xxxx Xxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Funds Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
TO THE
ADMINISTRATION AGREEMENT
BETWEEN
ING FUNDS TRUST
AND
ING FUNDS SERVICES, LLC
SERIES ADMINISTRATIVE FEE
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(as a percentage of average daily net assets)
ING Classic Money Market Fund 0.00%
ING GNMA Income Fund 0.10%
ING High Yield Bond Fund 0.10%
ING Institutional Prime Money Market Fund N/A
ING Intermediate Bond Fund 0.10%
ING National Tax-Exempt Bond Fund 0.10%
