Exhibit 77.(e)(12)
[LETTERHEAD OF ING FUNDS]
August 7, 2006
Xxxxxx Xxxxx
Senior Legal Product Manager
Fidelity Management & Research Company
00 Xxxxxxxxxx Xxxxxx, X0X
Xxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to Section 1 of the Amended and Restated Portfolio Management
Agreement dated May 2, 2005 among ING Investors Trust, Directed Services, Inc.
and Fidelity Management & Research Company (the "Agreement") we hereby notify
you of our intention to retain you as Portfolio Manager to render investment
advisory services to ING FMRSM Mid Cap Growth Portfolio (the "Portfolio"), a
series of ING Investors Trust, effective August 7, 2006, upon all of the terms
and conditions set forth in the Agreement. Upon your acceptance, the Agreement
will be modified to give effect to the foregoing by amending Amended Schedule A
and Amended Schedule B of the Agreement. The Amended Schedule A and Amended
Schedule B are attached hereto.
Please signify your acceptance to act as Portfolio Manager under the
Agreement with respect to the Portfolio by signing below.
Very sincerely,
/s/ Xxxxxx X. Naka
Xxxxxx X. Naka
Executive Vice President
ING Investors Trust
ACCEPTED AND AGREED TO:
Fidelity Management & Research Company
By: /s/ Xxxxxxx Xxxxxx
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Name: Xxxxxxx Xxxxxx
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Title: SVP, Duly Authorized
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AMENDED SCHEDULE A
The Series of ING Investors Trust, as described in Section 1 of the
attached Portfolio Management Agreement, to which Fidelity Management & Research
Company shall act as Portfolio Manager are as follows:
ING FMRSM Diversified Mid Cap Portfolio
ING FMRSM Earnings Growth Portfolio
ING FMRSM Mid Cap Growth Portfolio
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AMENDED SCHEDULE B
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Fidelity Management & Research Company
("Portfolio Manager") to the following Series of ING Investors Trust, pursuant
to the attached Portfolio Management Agreement, the Manager will pay the
Portfolio Manager a fee, computed daily and payable monthly, based on the
combined average daily net assets of the Series at the following annual rates of
the average daily net assets of the Series:
Series Rate
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ING FMRSM Diversified Mid Cap Portfolio 0.40% on first $250 million; and
0.35% thereafter
ING FMRSM Earnings Growth Portfolio 0.40% on first $250 million; and
0.35% thereafter
ING FMRSM Mid Cap Growth Portfolio 0.40% on first $250 million; and
0.35% thereafter
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