EXHIBIT (d)(8)(iv)
[ING FUNDS LOGO]
February 25, 2004
Xxxx Xxx Xxxxxxxxx
Senior Vice President
Aeltus Investment Management, Inc.
00 Xxxxx Xxxxx Xxxxxx
Xxxxxxxx, XX 00000-0000
Dear Xx. Xxxxxxxxx:
Pursuant to Section 1 of the Sub-Adviser Agreement dated May 9, 2001,
as amended, between ING Investments, LLC and Aeltus Investment Management, Inc.
(the "Agreement") we hereby notify you of our intention to retain you as
Sub-Adviser to render investment advisory services to ING Principal Protection
Fund X and ING Principal Protection Fund XI, two newly established series of ING
Equity Trust (the "New Series"), 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 adding the above-mentioned New Series to the AMENDED
AND RESTATED SCHEDULE A of the Agreement. The AMENDED AND RESTATED SCHEDULE A,
with the annual sub-advisory fees indicated for each series, is attached hereto.
Please signify your acceptance to act as Sub-Adviser under the
Agreement with respect to the New Series by signing below.
Very sincerely,
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Investments, LLC
ACCEPTED AND AGREED TO:
Aeltus Investment Management, Inc.
By___________________________
Xxxx Xxx Xxxxxxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investments, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
FORM OF AMENDED AND RESTATED
SCHEDULE A
WITH RESPECT TO THE
SUB-ADVISER AGREEMENT
BETWEEN
ING INVESTMENTS, LLC
AN ARIZONA LIMITED LIABILITY COMPANY
AND
AELTUS INVESTMENT MANAGEMENT, INC.
SERIES ANNUAL SUB-ADVISER FEE
------ ----------------------
ING Principal Protection Fund Offering Phase 0.1250%
Guarantee Period 0.3600%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund II Offering Phase 0.1250%
Guarantee Period 0.3600%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund III Offering Phase 0.1250%
Guarantee Period 0.3600%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund IV Offering Phase 0.1250%
Guarantee Period 0.3600%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund V Offering Phase 0.1250%
Guarantee Period 0.3600%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund VI Offering Phase 0.1250%
Guarantee Period 0.3600%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund VII Offering Phase 0.1125%
Guarantee Period 0.3600%
Index Plus LargeCap Period 0.2700%
SERIES ANNUAL SUB-ADVISER FEE
------ ----------------------
ING Principal Protection Fund VIII Offering Phase 0.1125%
Guarantee Period:
- Equity Component 0.3600%
- Fixed Component 0.2475%
- ETF & Futures Strategy
in lieu of Equity Strategy 0.2475%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund IX Offering Phase 0.1125%
Guarantee Period:
- Equity Component 0.3600%
- Fixed Component 0.2475%
- ETF & Futures Strategy
in lieu of Equity Strategy 0.2475%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund X Offering Phase 0.1125%
Guarantee Period:
- Equity Component 0.3600%
- Fixed Component 0.2475%
- ETF & Futures Strategy
in lieu of Equity Strategy 0.2475%
Index Plus LargeCap Period 0.2700%
ING Principal Protection Fund XI Offering Phase 0.1125%
Guarantee Period:
- Equity Component 0.3600%
- Fixed Component 0.2475%
- ETF & Futures Strategy
in lieu of Equity Strategy 0.2475%
Index Plus LargeCap Period 0.2700%
