EXHIBIT d(2)(iii)
[ING FUNDS LOGO]
June 14, 2004
Xxxxxxx Xxxxxxx
Senior Vice President
Aeltus Investment Management, Inc.
00 Xxxxx Xxxxx Xxxxxx
Xxxxxxxx, XX 00000-0000
Dear Xx. Xxxxxxx:
Pursuant to Section 1 of the Sub-Advisory Agreement dated February 25,
2003, as amended, between ING Investments, LLC and Aeltus Investment Management,
Inc. (the "Agreement") we hereby notify you of our intention to retain you as
Sub-Adviser to render investment advisory services to ING GET U.S. Core
Portfolio - Series 7, ING GET U.S. Core Portfolio - Series 8, and ING GET U.S.
Core Portfolio - Series 9, each a newly established series of ING Variable
Insurance Trust (the "Portfolios"), 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 above-mentioned Portfolios to AMENDED SCHEDULE A of the
Agreement. The AMENDED SCHEDULE A, with the annual sub-advisory fees indicated
for the Portfolios, is attached hereto.
Please signify your acceptance to act as Sub-Adviser under the Agreement
with respect to the Portfolios by signing below.
Very sincerely,
/s/ Xxxxxxx X. Xxxxxx
-------------------------------
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Investments, LLC
ACCEPTED AND AGREED TO:
Aeltus Investment Management, Inc.
By: /s/ Xxxxxxx X. Xxxxxx
------------------------
Name: Xxxxxxx X. Xxxxxx
Title: SVP & CFO, Duly Authorized
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investments, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000 xxx.Xxxxxxxx.Xxx
AMENDED SCHEDULE A
TO THE
SUB-ADVISORY AGREEMENT
BETWEEN
ING INVESTMENTS, LLC
AND
AELTUS INVESTMENT MANAGEMENT, INC.
ANNUAL SUB-ADVISORY FEE
NAME OF FUND -----------------------
------------ (as a percentage of average daily net assets)
ING GET U.S. Core Portfolio - Series 1 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 2 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 3 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 4 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 5 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 6 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 7 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 8 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 9 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Opportunity Portfolio - Series 1 0.1125% Offering Period
0.3375% Guarantee Period
ANNUAL SUB-ADVISORY FEE
--------------------------
NAME OF FUND (as a percentage of average daily net assets)
------------
ING GET U.S. Opportunity Portfolio - Series 2 0.1125% Offering Period
0.3375% Guarantee Period
0.4500%
ING VP Worldwide Growth Portfolio
