Exhibit 99.(d)(1)(A)(iv)
[ING FUNDS LOGO]
February 25, 2004
Mr. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Directed Services, Inc.
▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇▇▇:
Pursuant to the Management Agreement dated May 24, 2002, as amended,
between ING Investors Trust and Directed Services, Inc. (the "Agreement"), we
hereby notify you of our intention to retain you as Manager to render investment
advisory services to ING Evergreen Health Sciences Portfolio and ING Evergreen
Omega Portfolio (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 B of the Agreement. The AMENDED SCHEDULE B, with the annual investment
management fee indicated for the Portfolios, is attached hereto.
Please signify your acceptance to act as Manager under the Agreement with
respect to the aforementioned Portfolios.
Very sincerely,
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇
Senior Vice President
ING Investors Trust
ACCEPTED AND AGREED TO:
Directed Services, Inc.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: SVP, Duly Authorized
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AMENDED SCHEDULE B
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Directed Services, Inc. (the "Manager") to the
following Series of the ING Investors Trust (the "Trust"), pursuant to the
attached Management Agreement, the Trust will pay the Manager a fee, payable
monthly, based on the average daily net assets of the Series at the following
annual rates of the average daily net assets of that Series.
SERIES RATE
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ING Fund for Life Series 0.2500%
ING AIM Mid Cap Growth Portfolio 0.7500% first $750 million in combined assets
ING Capital Guardian Small Cap Portfolio of these Series
ING Eagle Asset Capital Appreciation Portfolio 0.7000% next $1.25 billion
ING Hard Assets Portfolio 0.6500% next $1.5 billion
ING ▇▇▇▇▇▇▇▇ Equity Opportunities Portfolio 0.6000% on assets in excess of $3.5 billion
ING ▇. ▇▇▇▇ Price Capital Appreciation Portfolio
ING ▇. ▇▇▇▇ Price Equity Income Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Growth and Income Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Real Estate Portfolio
ING Alliance Mid Cap Growth Portfolio 0.8500% first $250 million in combined assets
ING ▇▇▇▇▇▇▇ Growth Portfolio of these Series
0.8000% next $400 million
0.7500% next $450 million
0.7000% on assets in excess of $1.1 billion
ING Capital Guardian Large Cap Value Portfolio 0.7500% on first $500 million
0.7000% on next $250 million
0.6500% on next $500 million
0.6000% on assets in excess of $1.25 billion
ING Capital Guardian Managed Global Portfolio 1.0000% on first $500 million
0.8000% on assets in excess of $500 million
ING Developing World Portfolio 1.2500%
ING Evergreen Health Sciences Portfolio 0.75% on the first $500 million
0.70% on assets in excess of $500 million
ING Evergreen Omega Portfolio 0.60% on the first $750 million
0.55% on assets in excess of $750 million
SERIES RATE
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ING FMR(SM) Diversified Mid Cap Portfolio 0.7500% of first $500 million in combined
ING UBS U.S. Balanced Portfolio assets of these Series
0.7000% of next $250 million in assets
0.6500% of next $500 million
0.6000% on assets in excess of $1.25 billion
ING ▇▇▇▇▇▇▇ ▇▇▇▇▇ Internet Tollkeeper(SM) Portfolio 1.3500% on first $1 billion in assets
1.2500% of amount in excess of $1 billion in
assets
ING International Portfolio 1.0000% of first $500 million of assets
0.8000% on assets in excess of $500 million
ING Janus Special Equity Portfolio 0.8100% on first $250 million in combined
ING Janus Growth and Income Portfolio assets of these Series
0.7700% on next $400 million
0.7300% on next $450 million
0.6700% on assets in excess of $1.1 billion
ING ▇▇▇▇▇▇ ▇▇▇▇ Foreign Portfolio 1.0000% on first $50 million
0.9500% on next $200 million
0.9000% on next $250 million
0.8500% on assets in excess of $500 million
ING JPMorgan Small Cap Equity Portfolio 0.9000% on first $200 million
0.8500% on next $300 million
0.8000% on next $250 million
0.7500% on assets in excess of $750 million
ING Limited Maturity Bond Portfolio 0.3500% on first $200 million in combined
ING Liquid Assets Portfolio assets of these Series
0.3000% on next $300 million
0.2500% on assets in excess of $500 million
ING Mercury Focus Value Portfolio 0.8000% on first $500 million in combined
ING Mercury Fundamental Growth Portfolio assets of these Series
0.7500% on next $250 million
0.7000% on next $500 million
0.6500% on next $750 million
0.6000% on assets in excess of $2 billion
SERIES RATE
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ING MFS Mid Cap Growth Portfolio 0.7500% on first $250 million in combined
ING MFS Research Portfolio assets in these Series
ING MFS Total Return Portfolio 0.7000% on next $400 million
0.6500% on next $450 million
0.6000% on assets in excess of $1.1 billion
ING PIMCO Core Bond Portfolio 0.7500% on first $100 million
0.6500% on next $100 million
0.5500% on assets in excess of $200 million
ING Salomon Brothers All Cap Portfolio 0.7500% on first $500 million in combined
ING Salomon Brothers Investors Portfolio assets of these Series
0.7000% on next $250 million
0.6500% on next $500 million
0.6000% on assets in excess of $1.25 billion
ING ▇▇▇ ▇▇▇▇▇▇ Equity Growth Portfolio 0.6500% first $1 billion
0.6000% on assets in excess of $1 billion
▇▇▇ ▇▇▇ ▇▇▇▇▇▇ Global Franchise Portfolio 1.0000% first $250 million
0.9000% next $250 million
0.7500% on assets in excess of $500 million
ING PIMCO High Yield Portfolio 0.4900%
ING Stock Index Portfolio 0.2700%