[ING FUNDS LOGO]
(h)(1)(vii)
April 28, 2006
Xxxx Xxxxx
Senior Vice President
ING Funds Services, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Administrative Services Agreement dated November 19, 2003,
as amended, between ING Partners, Inc. and ING Funds Services, LLC (the
"Agreement") we hereby notify you of our intention to (1) retain you as
Administrator to render administrative and other services to ING UBS U.S. Small
Cap Growth Portfolio and ING Columbia Small Cap Value II Portfolio, two newly
established series of ING Partners, Inc. (the "New Series"), and (2) modify the
annual administrative services fees for ING JPMorgan Mid Cap Value Portfolio and
ING Xxx Xxxxxx Xxxxxxxx Portfolio, effective April 28, 2006, 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 the
AMENDED SCHEDULE A and AMENDED SCHEDULE B of the Agreement. The AMENDED SCHEDULE
A and AMENDED SCHEDULE B are attached hereto.
AMENDED SCHEDULE A and AMENDED SCHEDULE B have also been updated to reflect
name changes of ING American Century Small Cap Value Portfolio to ING American
Century Small-Mid Cap Value Portfolio, ING Xxxxxxx Xxxxx(R) Core Equity
Portfolio to ING Xxxxxxx Xxxxx(R) Structured Equity Portfolio, ING JPMorgan
Xxxxxxx International Portfolio to ING JPMorgan International Portfolio, ING
Salomon Brothers Aggressive Growth Portfolio to ING Xxxx Xxxxx Partners
Aggressive Growth Portfolio, and ING Salomon Brothers Large Cap Growth Portfolio
to ING Xxxx Xxxxx Partners Large Cap Growth Portfolio.
Please signify your acceptance (1) to act as Administrator under the
Agreement with respect to the aforementioned New Series, and (2) to the modified
administrative services fees, by signing below where indicated.
Very sincerely,
/s/ Xxxxxx X. Xxxx
----------------------------------------
Xxxxxx X. Xxxx
Executive Vice President
ING Partners, Inc.
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 Partners, Inc.
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
SERIES OF ING PARTNERS, INC.
ING American Century Large Company Value Portfolio
ING American Century Select Portfolio
ING American Century Small-Mid Cap Value Portfolio
ING Baron Asset Portfolio
ING Baron Small Cap Growth Portfolio
ING Columbia Small Cap Value II Portfolio
ING Xxxxx Venture Value Portfolio
ING Fidelity(R) VIP Contrafund(R) Portfolio
ING Fidelity(R) VIP Equity-Income Portfolio
ING Fidelity(R) VIP Growth Portfolio
ING Fidelity(R) VIP Mid Cap Portfolio
ING Fundamental Research Portfolio
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio
ING Xxxxxxx Xxxxx(R) Structured Equity Portfolio
ING JPMorgan International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING Xxxx Xxxxx Partners Aggressive Growth Portfolio
ING Xxxx Xxxxx Partners Large Cap Growth Portfolio
ING Lord Xxxxxx U.S. Government Securities Portfolio
ING MFS Capital Opportunities Portfolio
ING Xxxxxxxxx Xxxxxx Partners Portfolio
ING Xxxxxxxxx Xxxxxx Regency Portfolio
ING OpCap Balanced Value Portfolio
ING Xxxxxxxxxxx Global Portfolio
ING Xxxxxxxxxxx Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Pioneer High Yield Portfolio
ING Solution 2015 Portfolio
ING Solution 2025 Portfolio
ING Solution 2035 Portfolio
ING Solution 2045 Portfolio
ING Solution Income Portfolio
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio
ING X. Xxxx Price Growth Equity Portfolio
ING Xxxxxxxxx Foreign Equity Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING UBS U.S. Small Cap Growth Portfolio
ING Xxx Xxxxxx Xxxxxxxx Portfolio
ING Xxx Xxxxxx Equity and Income Portfolio
AMENDED SCHEDULE B
ADMINISTRATIVE SERVICES FEES
SERIES FEES
------ ----
ING American Century Large Company Value Portfolio 0.20%
ING American Century Select Portfolio 0.02%
ING American Century Small-Mid Cap Value Portfolio 0.25%
ING Baron Asset Portfolio 0.10%
ING Baron Small Cap Growth Portfolio 0.23%
ING Columbia Small Cap Value II Portfolio 0.10%
ING Xxxxx Venture Value Portfolio 0.10%
ING Fidelity(R) VIP Contrafund(R) Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Equity-Income Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Growth Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Mid Cap Portfolio 0.05% while Series invested in Master
0.17% for Stand-alone Series
ING Fundamental Research Portfolio 0.20%
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio 0.10%
ING Xxxxxxx Xxxxx(R) Structured Equity Portfolio 0.20%
ING JPMorgan International Portfolio 0.20%
ING JPMorgan Mid Cap Value Portfolio 0.25%
ING Xxxx Xxxxx Partners Aggressive Growth Portfolio 0.13%
ING Xxxx Xxxxx Partners Large Cap Growth Portfolio 0.20%
ING Lord Xxxxxx U.S. Government Securities Portfolio 0.10%
ING MFS Capital Opportunities Portfolio 0.25%
SERIES FEES
------ ----
ING Xxxxxxxxx Xxxxxx Partners Portfolio 0.10%
ING Xxxxxxxxx Xxxxxx Regency Portfolio 0.10%
ING OpCap Balanced Value Portfolio 0.20%
ING Xxxxxxxxxxx Global Portfolio 0.06%
ING Xxxxxxxxxxx Strategic Income Portfolio 0.04%
ING PIMCO Total Return Portfolio 0.25%
ING Pioneer High Yield Portfolio 0.10%
ING Solution 2015 Portfolio 0.02%
ING Solution 2025 Portfolio 0.02%
ING Solution 2035 Portfolio 0.02%
ING Solution 2045 Portfolio 0.02%
ING Solution Income Portfolio 0.02%
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio 0.02%
ING X. Xxxx Price Growth Equity Portfolio 0.15%
ING Xxxxxxxxx Foreign Equity Portfolio 0.10%
ING UBS U.S. Large Cap Equity Portfolio 0.15%
ING UBS U.S. Small Cap Growth Portfolio 0.10%
XXX Xxx Xxxxxx Xxxxxxxx Portfolio 0.25%
ING Xxx Xxxxxx Equity and Income Portfolio 0.02%
