January 16, 2008 Michael Gioffre Senior Vice President ING Investment Management Co.
Exhibit 99.B(d)(2)(iv)
January 16, 2008
Xxxxxxx Xxxxxxx
Senior Vice President
ING Investment Management Co.
00 Xxxxx Xxxxx Xxxxxx
Hartford, CT 06103-3607
Dear Xx. Xxxxxxx:
Pursuant to the Sub-Advisory Agreement dated March 1, 2002 between ING Investments, LLC and ING Investment Management Co., as amended (the “Agreement”), we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Morningstar U.S. Growth Index Portfolio, effective April 28, 2008, ING Xxxxxxx Large Cap Index Portfolio, effective March 4, 2008, ING Xxxxxxx Mid Cap Index Portfolio, effective March 4, 2008, ING Xxxxxxx Xxxxx Cap Index Portfolio, effective March 4, 2008, ING International Index Portfolio, effective March 4, 2008, and ING WisdomTreeSM Global High-Yielding Equity Index Portfolio, effective January 16, 2008 (the “Funds”), each a series of ING Variable Portfolios, Inc., 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 Funds to the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual sub-advisory fees indicated for the Funds, is attached to the letter.
Please signify your acceptance to act as Sub-Adviser for the Funds by signing below where indicated.
| Very sincerely, |
| /s/ Xxxx Xxxxx |
| Xxxx Xxxxx |
| Senior Vice President |
| ING Investments, LLC |
ACCEPTED AND AGREED TO:
ING Investment Management Co.
| By: | /s/ Xxxxxx Xxxxxx | |
| Name: | Xxxxxx Xxxxxx | |
| Title: | SVP, Head of Corp. Finance, Duly Authorized |
| 0000 X. Xxxxxxxxxx Xxxxx Xx. Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx |
ING Investments, LLC |
AMENDED SCHEDULE A
with respect to the
between
ING INVESTMENTS, LLC,
and
ING INVESTMENT MANAGEMENT CO.
| Series |
Effective Date |
Annual Sub-Advisory Fee | ||
| ING Morningstar U.S. Growth Index Portfolio | April 28, 2008 | 0.1395% on all assets | ||
| ING Xxxxxxx Large Cap Index Portfolio | March 4, 2008 | 0.1125% on all assets | ||
| ING Xxxxxxx Mid Cap Index Portfolio | March 4, 2008 | 0.1395% on all assets | ||
| ING Xxxxxxx Xxxxx Cap Index Portfolio | March 4, 2008 | 0.1485% on all assets | ||
| ING International Index Portfolio | March 4, 2008 | 0.1710% on all assets | ||
| ING VP Growth Portfolio | 0.270% | |||
| ING VP International Equity Portfolio | 0.383% | |||
| ING VP Small Company Portfolio | 0.338% | |||
| ING VP Value Opportunity Portfolio | 0.270% | |||
| ING VP Index Plus LargeCap Portfolio | 0.158% | |||
| ING VP Index Plus MidCap Portfolio | 0.180% | |||
| ING VP Index Plus SmallCap Portfolio | 0.180% | |||
| ING WisdomTreeSM Global High-Yielding Equity Index Portfolio | January 16, 2008 | 0.21% on all assets |
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