Directed Services LLC

Exhibit 99.B(d)(7)(ix)

 

Directed Services LLC

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November 14, 2008

 

ING Partners, Inc.

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Ladies and Gentlemen:

 

Pursuant to the Investment Sub-Advisory Agreement dated March 29, 2002, as amended, between Directed Services LLC and American Century Investment Management, Inc., (the “Sub-Advisory Agreement”) the sub-advisory fee for ING American Century Small-Mid Cap Value Portfolio (the “Portfolio”) was reduced on January 19, 2006.

 

By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from May 1, 2008 through and including May 1, 2010.  The Reduction shall be calculated as follows:

 

Reduction = 50% x (the savings to Directed Services LLC from the January 19, 2006 expense reduction)

 

Please indicate your agreement to this Reduction by executing below in the place indicated.

 

	Very sincerely,
	/s/ ▇▇▇▇ ▇▇▇▇▇
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	Vice President
	Directed Services LLC

 

 

Agreed and Accepted:

ING Partners, Inc.

(on behalf of the Portfolio)

 

 

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	Senior Vice President