Exhibit 99.B(d)(2)(O)(iv)
[ING FUNDS LOGO]
February 26, 2004
VIA FACSIMILE AND UPS NEXT DAY AIR
Janus Capital Management, LLC
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Re: Portfolio Management Agreement
To Whom It May Concern:
Pursuant to Section 16 of the Portfolio Management Agreement (the
"Agreement") between Janus Capital Management, LLC, ING Investors Trust
(formerly known as The GCG Trust), and Directed Services, Inc., this letter
serves as notice of termination of the Agreement with respect to the ING Janus
Growth and Income Portfolio effective as of May 2, 2004.
Sincerely,
/s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Directed Services, Inc.
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Scottsdale, AZ ▇▇▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇
