Exhibit 99.B(g)(3)(i)
[ING FUNDS LOGO]
April 29, 2005
▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Vice President
The Bank of New York - Securities Lending
▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇▇:
Pursuant to the terms and conditions of the Securities Lending Agreement
and Guaranty dated August 7, 2003 and the Subscription Agreement dated August 8,
2003 (the "Agreements"), we hereby notify you of the addition of ING JPMorgan
Value Opportunities Portfolio and ING MFS Utilities Portfolio, two newly
established series of ING Investors Trust, and ING Solution 2015 Portfolio, ING
Solution 2025 Portfolio, ING Solution 2035 Portfolio, ING Solution 2045
Portfolio and ING Solution Income Portfolio, five newly established series of
ING Partners, Inc., effective April 29, 2005 (the "New Portfolios"), to be
included on the AMENDED EXHIBIT A to the Agreements. AMENDED EXHIBIT A is
attached hereto.
The AMENDED EXHIBIT A has also been updated to reflect name changes for ING
Salomon Brothers Investors Value Portfolio to ING American Century Large Company
Value Portfolio, ING Developing World Portfolio to ING JPMorgan Emerging Markets
Equity Portfolio, ING Capital Guardian Small Cap Portfolio to ING Capital
Guardian Small/Mid Cap Portfolio, ING Aeltus Enhanced Index Portfolio to ING
Fundamental Research Portfolio, ING Janus Special Equity Portfolio to ING Janus
Contrarian Portfolio and ING UBS U.S. Balanced Portfolio to ING UBS U.S.
Allocation Portfolio, all effective April 29, 2005.
Please signify your acceptance to provide services under the Agreements
with respect to the New Portfolios by signing below.
If you have any questions, please contact me at (▇▇▇) ▇▇▇-▇▇▇▇.
Sincerely,
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Executive Vice President
ING Investors Trust
ING Partners, Inc.
ACCEPTED AND AGREED TO:
The Bank of New York
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: Managing Director, Duly Authorized
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇. Tel: ▇▇▇-▇▇▇-▇▇▇▇ ING Investors Trust
Scottsdale, AZ ▇▇▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇ ING Partners, Inc.
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AMENDED EXHIBIT A
WITH RESPECT TO THE
SECURITIES LENDING AGREEMENT AND GUARANTY AND
SUBSCRIPTION AGREEMENT
FUNDS
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ING EQUITY TRUST
ING Convertible Fund
ING Disciplined LargeCap Fund
ING Equity and Bond Fund
ING LargeCap Growth Fund
ING LargeCap Value Fund
ING MidCap Opportunities Fund
ING MidCap Value Choice Fund
ING MidCap Value Fund
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Choice Fund
ING SmallCap Value Fund
ING FUNDS TRUST
ING Classic Money Market Fund
ING High Yield Bond Fund
ING Intermediate Bond Fund
ING National Tax-Exempt Bond Fund
ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
ING INVESTMENT FUNDS, INC.
ING MagnaCap Fund
ING INVESTORS TRUST
ING AIM Mid Cap Growth Portfolio
ING Alliance Mid Cap Growth Portfolio
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING Capital Guardian Large Cap Value Portfolio
ING Capital Guardian Managed Global Portfolio
ING Capital Guardian Small/Mid Cap Portfolio
ING Eagle Asset Capital Appreciation Portfolio
ING Evergreen Health Sciences Portfolio
ING Evergreen Omega Portfolio
ING FMR(SM) Diversified Mid Cap Portfolio
ING FMR(SM) Earnings Growth Portfolio
ING ▇▇▇▇▇▇▇ ▇▇▇▇▇ Tollkeeper(SM) Portfolio
ING Hard Assets Portfolio
ING International Portfolio
ING Janus Contrarian Portfolio
ING ▇▇▇▇▇▇▇▇ Equity Opportunities Portfolio
ING JPMorgan Emerging Markets Equity Portfolio
ING JPMorgan Small Cap Equity Portfolio
ING JPMorgan Value Opportunities Portfolio
ING ▇▇▇▇▇▇ ▇▇▇▇ Foreign Portfolio
ING ▇▇▇▇ ▇▇▇▇▇ Value Portfolio
ING LifeStyle Aggressive Growth Portfolio
ING LifeStyle Growth Portfolio
ING LifeStyle Moderate Growth Portfolio
ING LifeStyle Moderate Portfolio
ING Limited Maturity Bond Portfolio
ING Liquid Assets Portfolio
ING ▇▇▇▇▇▇▇ Growth Portfolio
ING ▇▇▇▇▇▇▇ International Opportunities Portfolio
ING Mercury Focus Value Portfolio
ING Mercury Large Cap Growth Portfolio
ING MFS Mid Cap Growth Portfolio
ING MFS Total Return Portfolio
ING MFS Utilities Portfolio
ING ▇▇▇▇▇▇▇▇▇▇▇ Main Street Portfolio(R)
ING PIMCO Core Bond Portfolio
ING PIMCO High Yield Portfolio
ING Pioneer Fund Portfolio
ING Pioneer Mid Cap Value Portfolio
ING Salomon Brothers All Cap Portfolio
ING Salomon Brothers Investors Portfolio
ING Stock Index Portfolio
ING ▇. ▇▇▇▇ Price Capital Appreciation
ING ▇. ▇▇▇▇ Price Equity Income Portfolio
ING UBS U.S. Allocation Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Equity Growth Portfolio
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ING ▇▇▇ ▇▇▇▇▇▇ Global Franchise Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Growth and Income Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Real Estate Portfolio
ING MAYFLOWER TRUST
ING International Value Fund
ING MUTUAL FUNDS
ING Emerging Countries Fund
ING Foreign Fund
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING Global Value Choice Fund
ING International Fund
ING International SmallCap Fund
ING International Value Choice Fund
ING Precious Metals Fund
ING Russia Fund
ING PARTNERS, INC.
ING American Century Select Portfolio
ING American Century Small Cap Value Portfolio
ING Baron Small Cap Growth 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 ▇▇▇▇▇▇▇ ▇▇▇▇▇(R) Capital Growth Portfolio
ING ▇▇▇▇▇▇▇ ▇▇▇▇▇(R) Core Equity Portfolio
ING JPMorgan ▇▇▇▇▇▇▇ International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING MFS Capital Opportunities Portfolio
ING OpCap Balanced Value Portfolio
ING ▇▇▇▇▇▇▇▇▇▇▇ Global Portfolio
ING ▇▇▇▇▇▇▇▇▇▇▇ Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Salomon Brothers Aggressive Growth Portfolio
ING Salomon Brothers Fundamental Value Portfolio
ING American Century Large Company Value Portfolio
ING Salomon Brothers Large Cap Growth Portfolio
ING Solution 2015 Portfolio
ING Solution 2025 Portfolio
ING Solution 2035 Portfolio
ING Solution 2045 Portfolio
ING Solution Income Portfolio
ING ▇. ▇▇▇▇ Price Diversified Mid Cap Growth Portfolio
ING ▇. ▇▇▇▇ Price Growth Equity Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Equity and Income Portfolio
ING SERIES FUND, INC.
Brokerage Cash Reserves
ING Aeltus Money Market Fund
ING Balanced Fund
ING Equity Income Fund
ING Global Science and Technology Fund
ING Government Fund
ING Growth Fund
ING Index Plus LargeCap Fund
ING Index Plus MidCap Fund
ING Index Plus SmallCap Fund
ING International Growth Fund
ING Small Company Fund
ING Strategic Allocation Balanced Fund
ING Strategic Allocation Growth Fund
ING Strategic Allocation Income Fund
ING Value Opportunity Fund
ING STRATEGIC ALLOCATION PORTFOLIOS, INC.
ING VP Strategic Allocation Balanced Portfolio
ING VP Strategic Allocation Growth Portfolio
ING VP Strategic Allocation Income Portfolio
ING VARIABLE FUNDS
ING VP Growth and Income Portfolio
ING VARIABLE INSURANCE TRUST
ING VP Worldwide Growth Portfolio
2
ING VARIABLE PORTFOLIOS, INC.
ING VP Global Science and Technology Portfolio
ING VP Growth Portfolio
ING VP Index Plus LargeCap Portfolio
ING VP Index Plus MidCap Portfolio
ING VP Index Plus SmallCap Portfolio
ING VP International Equity Portfolio
ING VP Small Company Portfolio
ING VP Value Opportunity Portfolio
ING VARIABLE PRODUCTS TRUST
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP Financial Services Portfolio
ING VP High Yield Bond Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING ▇▇ ▇▇▇▇▇▇ Opportunities Portfolio
ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP BALANCED PORTFOLIO, INC.
ING VP EMERGING MARKETS FUND, INC.
ING VP INTERMEDIATE BOND PORTFOLIO
ING VP MONEY MARKET PORTFOLIO
3