EXHIBIT (d)(5)(i)
AMENDED SCHEDULE A
WITH RESPECT TO THE
EXPENSE LIMITATION AGREEMENT
DATED MARCH 1, 2002
BETWEEN
ING SERIES FUND, INC.
AND
ING INVESTMENTS, LLC
MAXIMUM OPERATING EXPENSE LIMIT EXPIRATION OF
NAME OF FUND (AS A PERCENTAGE OF AVERAGE NET ASSETS) INITIAL TERM
------------------------------- --------------------------------------------- -----------------
Brokerage Cash Reserves 0.95% December 31, 2003
Class Class Class Class Class Class
A B C I O R
ING Bond Fund 1.00% 1.75% 1.75% 0.75% 1.00% N/A December 31, 2003
ING International Growth Fund 1.60% 2.35% 2.35% 1.35% 1.60% N/A December 31, 2003
ING Government Fund 0.95% 1.70% 1.70% 0.70% 0.95% N/A December 31, 2003
ING Small Company Fund 1.50% 2.25% 2.25% 1.25% 1.50% N/A December 31, 2003
ING Strategic Allocation
Growth Fund 1.25% 2.00% 2.00% 1.00% 1.25% N/A December 31, 2003
ING Strategic Allocation
Balanced Fund 1.20% 1.95% 1.95% 0.95% 1.20% N/A December 31, 2003
ING Strategic Allocation Income 1.15% 1.90% 1.90% 0.90% 1.15% N/A December 31, 2003
Fund
ING Index Plus LargeCap Fund 0.95% 1.70% 1.45% 0.70% 0.95% 0.94% December 31, 2003
ING Index Plus MidCap Fund 1.00% 1.75% 1.50% 0.75% 1.00% 1.00% December 31, 2003
ING Index Plus SmallCap Fund 1.00% 1.75% 1.50% 0.75% 1.00% 1.00% December 31, 2003
MAXIMUM OPERATING EXPENSE LIMIT EXPIRATION OF
NAME OF FUND (AS A PERCENTAGE OF AVERAGE NET ASSETS) INITIAL TERM
------------------------------- --------------------------------------------- -----------------
Class Class Class Class Class Class
A B C I O R
ING Value Opportunity Fund 1.35% 2.10% 2.10% 1.10% 1.35% N/A December 31, 2003
ING Technology Fund 1.75% 2.50% 2.50% 1.50% 1.75% N/A December 31, 2003
ING Classic Principal Protection
Fund I 1.50% 2.25% N/A N/A N/A N/A December 31, 2003
ING Classic Principal Protection
Fund II 1.50% 2.25% N/A N/A N/A N/A December 31, 2003
ING Classic Principal Protection
Fund III 1.50% 2.25% N/A N/A N/A N/A December 31, 2003
ING Classic Principal Protection
Fund IV 1.50% 2.25% N/A N/A N/A N/A December 31, 2003
ING Index Plus Protection Fund 1.50% 2.25% N/A N/A N/A N/A December 31, 2003
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