0000950153-03-000664 Sample Contracts

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Ing Equity Trust • April 9th, 2003

Approved by the Board of Trustees on May 9, 2001 for ING Principal Protection Fund; on November 2, 2001 for ING Principal Protection Fund II; on February 26, 2002 for ING Principal Protection Fund III; on May 24, 2002 for ING Principal Protection Fund IV; on August 20, 2002 for ING Principal Protection

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ARTICLE I DEFINITIONS
Custody Agreement • April 9th, 2003 • Ing Equity Trust • New York
ARTICLE I. DEFINITIONS
Manager Agreement • April 9th, 2003 • Ing Equity Trust • New York
April 3, 2003
Ing Equity Trust • April 9th, 2003
April 3, 2003 Pursuant to the Third Amended and Restated Administrative Services Agreement dated August 1, 1998, as amended, between ING Equity Trust and ING Funds Services, LLC (the "Agreement"), we hereby notify you of our intention to retain you as...
Ing Equity Trust • April 9th, 2003

Pursuant to the Third Amended and Restated Administrative Services Agreement dated August 1, 1998, as amended, between ING Equity 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 Principal Protection Fund VII, a newly established series of ING Equity Trust, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement has been modified to give effect to the foregoing by adding "ING Principal Protection Fund VII" to Schedule A of the Agreement. The Amended and Restated Schedule A is attached hereto.

WITH RESPECT TO THE SUB-ADVISER AGREEMENT
Ing Equity Trust • April 9th, 2003

Pursuant to Section 1 of the Sub-Adviser Agreement dated May 9, 2001, as amended, between ING Investments, LLC (successor by merger to ING Pilgrim 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 Principal Protection Fund VII, a newly established series of ING Equity Trust (formerly Pilgrim Equity Trust), upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement has been modified to give effect to the foregoing by adding the "ING Principal Protection Fund VII" to Schedule A of the Agreement. The Amended and Restated Schedule A, with the annual investment management fees indicated for the series, is attached hereto.

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