August 20, 2008 Todd Modic Senior Vice President ING Investments, LLC Scottsdale, AZ 85258
(d)(1)(i)
August 20, 2008
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Senior Vice President
ING Investments, LLC
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Scottsdale, AZ 85258
Pursuant to the Amended Investment Management Agreement dated April 1, 2004 between ING Variable Portfolios, Inc. and ING Investments, LLC (the “Agreement”) we hereby notify you of our intention to retain you as Manager to render investment advisory services to ING ▇▇▇▇▇▇▇ Global Large Cap Index 85% Portfolio and ING Global Equity Option Portfolio (together, the “Portfolios”), effective August 20, 2008, each a series of ING Variable Portfolios, Inc. Upon your acceptance, the Agreement will be modified to give effect to the foregoing as indicated on the Amended Schedule A of the Agreement. The Amended Schedule A, with the annual investment management fees indicated for the Portfolios, is attached hereto.
The Amended Schedule A has also been updated to reflect: 1) the name change of ING VP Global Science and Technology Portfolio to ING BlackRock Global Science and Technology Portfolio, the name change of ING VP Growth Portfolio to ING Opportunistic LargeCap Growth Portfolio, and the name change of ING VP Value Opportunity Portfolio to ING Opportunistic LargeCap Value Portfolio and 2) the removal of ING VP International Equity Portfolio because it merged into ING VP Index Plus International Equity Portfolio.
Please signify your acceptance to act as Manager for the Portfolios by signing below where indicated.
| Very sincerely, |
| /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ |
| ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ |
| Senior Vice President |
| ING Variable Portfolios, Inc. |
| ACCEPTED AND AGREED TO: ING Investments, LLC | ||
| By: | /s/ ▇▇▇▇ ▇▇▇▇▇ | |
| ▇▇▇▇ ▇▇▇▇▇ | ||
| Senior Vice President | ||
| ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇. Scottsdale, AZ ▇▇▇▇▇-▇▇▇▇ |
Tel: ▇▇▇-▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ |
ING Variable Portfolios, Inc. |
AMENDED SCHEDULE A
with respect to the
AMENDED INVESTMENT MANAGEMENT AGREEMENT
between
ING VARIABLE PORTFOLIOS, INC.
and
ING INVESTMENTS, LLC
| Series |
Effective Date |
Annual Investment Management Fee | ||
| (as a percentage of average daily net assets) | ||||
| ING BlackRock Global Science and Technology Portfolio | 0.95% | |||
| ING Global Equity Option Portfolio | August 20, 2008 | 0.10% on all assets | ||
| ING International Index Portfolio | March 4, 2008 | 0.38% on all assets | ||
| ING ▇▇▇▇▇▇ Brothers U.S. Aggregate Bond Index Portfolio | March 4, 2008 | 0.32% on all assets | ||
| ING Morningstar U.S. Growth Index Portfolio | April 28, 2008 | 0.31% on all assets | ||
| ING Opportunistic LargeCap Growth Portfolio | 0.60% | |||
| ING Opportunistic LargeCap Value Portfolio | 0.60% | |||
| ING ▇▇▇▇▇▇▇™ Global Large Cap Index 85% Portfolio | August 20, 2008 | 0.46% on all assets | ||
| ING ▇▇▇▇▇▇▇™ Large Cap Index Portfolio | March 4, 2008 | 0.25% on all assets | ||
| ING ▇▇▇▇▇▇▇™ Mid Cap Index Portfolio | March 4, 2008 | 0.31% on all assets | ||
| ING ▇▇▇▇▇▇▇™ Small Cap Index Portfolio | March 4, 2008 | 0.33% on all assets |
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| ING VP Index Plus LargeCap Portfolio | 0.35% | |||
| ING VP Index Plus MidCap Portfolio | 0.40% | |||
| ING VP Index Plus SmallCap Portfolio | 0.40% | |||
| ING VP Small Company Portfolio | 0.75% | |||
| ING WisdomTreeSM Global High-Yielding Equity Index Portfolio | January 16, 2008 | 0.46% on all assets |
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