EXHIBIT (g)(3)(i)
[ING FUNDS LOGO]
February 1, 2004
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Vice President
The Bank of New York - Securities Lending
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▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇▇:
Pursuant to the terms and conditions of the Securities Lending Agreement dated
August 7, 2003 and the Subscription Agreement dated August 8, 2003 (the
"Agreements"), we hereby notify you of the addition of ING LargeCap Value Fund,
a newly established fund of ING Equity Trust (the "New Fund") to be included on
the AMENDED EXHIBIT A to the Agreements as of February 1, 2004 as shown.
The AMENDED EXHIBIT A has also been updated by the removal of ING VP Large
Company Value Portfolio as this fund was recently dissolved. Further, AMENDED
EXHIBIT A has been updated to reflect the recent name change of ING JPMorgan
▇▇▇▇▇▇▇ Small Cap Equity Portfolio to ING JPMorgan Small Cap Equity Portfolio.
Please signify your acceptance to provide services under the Agreements with
respect to the New Fund by signing below.
If you have any questions, please contact me at (▇▇▇) ▇▇▇-▇▇▇▇.
Sincerely,
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Executive Vice President & Chief
Financial Officer
ACCEPTED AND AGREED TO:
The Bank of New York
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Managing Director,
Duly Authorized
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇. Tel: ▇▇▇-▇▇▇-▇▇▇▇ ING Investments, LLC
Scottsdale, AZ ▇▇▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇
▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇
AMENDED EXHIBIT A
WITH RESPECT TO THE
SECURITIES LENDING AGREEMENT, SUBSCRIPTION AGREEMENT
AND GUARANTY
FUND
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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 Fund
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Tax Efficient Equity Fund
ING FUNDS TRUST
ING Classic Money Market Fund
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING Lexington Money Market Trust
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING Strategic Bond 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 Cap Portfolio
ING Developing World Portfolio
ING Eagle Asset Value Equity Portfolio
ING FMR(SM) Diversified Mid Cap Portfolio
ING ▇▇▇▇▇▇▇ ▇▇▇▇▇ Internet Tollkeeper(SM) Portfolio
ING Hard Assets Portfolio
ING International Portfolio
ING Janus Growth and Income Portfolio
ING Janus Special Equity Portfolio
ING ▇▇▇▇▇▇▇▇ Equity Opportunities Portfolio
ING JPMorgan Small Cap Equity Portfolio
ING INVESTORS TRUST (CONT.)
ING ▇▇▇▇▇▇ ▇▇▇▇ Foreign Portfolio
ING Limited Maturity Bond Portfolio
ING Liquid Assets Portfolio
ING ▇▇▇▇▇▇▇ Growth Portfolio
ING Mercury Focus Value Portfolio
ING Mercury Fundamental Growth Portfolio
ING MFS Mid Cap Growth Portfolio
ING MFS Research Portfolio
ING MFS Total Return Portfolio
ING PIMCO Core Bond Portfolio
ING PIMCO High Yield 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. Balanced Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Equity Growth Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Global Franchise Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Growth and Income Portfolio
ING ▇▇▇ ▇▇▇▇▇▇ Real Estate Portfolio
ING MAYFLOWER TRUST
ING Growth + Value Fund
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 International Fund
ING International SmallCap Growth Fund
ING Precious Metals Fund
ING Russia Fund
ING Worldwide Growth Fund
ING SERIES FUND, INC.
Brokerage Cash Reserves
ING Aeltus Money Market Fund
ING Balanced Fund
ING Bond Fund
ING Government Fund
ING Growth and Income Fund
ING SERIES FUND, INC. (CONT.)
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 Technology 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
ING VARIABLE PORTFOLIOS, INC.
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 Technology Portfolio
ING VP Value Opportunity Portfolio
ING VARIABLE PRODUCTS TRUST
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP Growth + Value Portfolio
ING VP Growth Opportunities 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 SmallCap Opportunities Portfolio
ING VP BALANCED PORTFOLIO, INC.
ING ▇▇ ▇▇▇▇ PORTFOLIO
ING VP EMERGING MARKETS FUND, INC.
ING VP MONEY MARKET PORTFOLIO