Exhibit h.42
FORM OF
AMENDMENT
TO
ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN
ING PARTNERS, INC.
AND
ING FUNDS SERVICES, LLC
AMENDMENT made as of this ___ day of __________, 2004, to the
Administrative Services Agreement dated as of November 19, 2003, as amended (the
"Agreement"), between ING Partners, Inc., a corporation organized and existing
under the laws of Maryland (the "Company") and ING Funds Services, LLC, a
corporation organized and existing under the laws of Delaware (the
"Administrator"). In consideration of the mutual covenants contained herein, the
parties agree to amend the Agreement as follows:
1. SCHEDULE A to the Agreement is hereby deleted in its entirety and replaced
with AMENDED SCHEDULE A attached hereto.
2. SCHEDULE B to the Agreement is hereby deleted in its entirety and replaced
with AMENDED SCHEDULE B attached hereto.
3. In all other respects, the Agreement is confirmed and remains in full force
and effect.
4. This Amendment shall become effective as of the date first written above.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their duly authorized
signatories the date and year first above written.
ING FUNDS SERVICES, LLC IPI PARTNERS, INC.
By: By:
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Executive Vice President Vice President
FORM OF
Schedule A
Series of ING Partners, Inc.
INITIAL SERIES:
---------------
o ING ▇▇▇▇▇ Aggressive Growth Portfolio
o ING ▇▇▇▇▇ Capital Appreciation Portfolio
o ING ▇▇▇▇▇ Growth Portfolio
o ING American Century Small Cap Value Portfolio
o ING Baron Small Cap Growth Portfolio
o ING DSI Enhanced Index Portfolio
o ING ▇▇▇▇▇▇▇ ▇▇▇▇▇(R)Capital Growth Portfolio
o ING ▇▇▇▇▇▇▇ Sachs(R)Core Equity Portfolio
o ING JPMorgan ▇▇▇▇▇▇▇ International Portfolio
o ING JPMorgan Mid Cap Value Portfolio
o ING MFS Capital Opportunities Portfolio
o ING MFS Global Growth Portfolio
o ING MFS Research Equity Portfolio
o ING OpCap Balanced Value Portfolio
o ING PIMCO Total Return Portfolio
o ING Salomon Brothers Aggressive Growth Portfolio
o ING Salomon Brothers Fundamental Value Portfolio
o ING Salomon Brothers Investors Value Portfolio
o ING ▇. ▇▇▇▇ Price Growth Equity Portfolio
o ING UBS Tactical Asset Allocation Portfolio
o ING ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Portfolio
ADDITIONAL SERIES
-----------------
o ING Fidelity(R) VIP Contrafund(R) Portfolio
o ING Fidelity(R) VIP Equity Income Portfolio
o ING Fidelity(R) VIP Growth Portfolio
o ING Fidelity(R) VIP Mid Cap Portfolio
FORM OF
SCHEDULE B
ADMINISTRATIVE SERVICES FEES
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INITIAL SERIES
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o ING ▇▇▇▇▇ Aggressive Growth Portfolio .20%
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o ING ▇▇▇▇▇ Capital Appreciation Portfolio .20%
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o ING ▇▇▇▇▇ Growth Portfolio .20%
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o ING American Century Small Cap Value Portfolio .40%
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o ING Baron Small Cap Growth Portfolio .40%
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o ING DSI Enhanced Index Portfolio .20%
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o ING ▇▇▇▇▇▇▇ ▇▇▇▇▇(R)Capital Growth Portfolio .20%
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o ING ▇▇▇▇▇▇▇ Sachs(R)Core Equity Portfolio .20%
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o ING JPMorgan ▇▇▇▇▇▇▇ International Portfolio .20%
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o ING JPMorgan Mid Cap Value Portfolio .35%
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o ING MFS Capital Opportunities Portfolio .25%
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o ING MFS Global Growth Portfolio .60%
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o ING MFS Research Equity Portfolio .15%
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o ING OpCap Balanced Value Portfolio .20%
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o ING PIMCO Total Return Portfolio .35%
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o ING Salomon Brothers Aggressive Growth Portfolio .13%
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o ING Salomon Brothers Fundamental Value Portfolio .20%
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o ING Salomon Brothers Investors Value Portfolio .20%
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o ING ▇. ▇▇▇▇ Price Growth Equity Portfolio .15%
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o ING UBS Tactical Asset Allocation Portfolio .20%
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o ING ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Portfolio .35%
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ADDITIONAL SERIES
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o ING Fidelity(R)VIP Contrafund(R)Portfolio 0.05% while Series invested in Master
0.15% for Standalone Series
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o ING Fidelity(R)VIP Equity Income Portfolio 0.05% while Series invested in Master
0.15% for Standalone Series
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o ING Fidelity(R)VIP Growth Portfolio 0.05% while Series invested in Master
0.15% for Standalone Series
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o ING Fidelity(R)VIP Mid Cap Portfolio 0.05% while Series invested in Master
0.17% for Standalone Series
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