EXHIBIT (m)(23)
[ING FUNDS LOGO]
February 25, 2004
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Funds Distributor, LLC
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Dear Xx. Xxxxxx:
Pursuant to the Fourth Amended and Restated Distribution and Service
Plan dated August 20, 2002, as amended, between ING Equity Trust and ING Funds
Distributor, LLC (the "Agreement") we hereby notify you of our intention to
retain you as Distributor to render distribution and shareholder 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 AMENDED SCHEDULE A and AMENDED SCHEDULE B of the Agreement. The
AMENDED SCHEDULE A and AMENDED SCHEDULE B, with the maximum combined
distribution and service fees indicated for each class of each series, is
attached hereto.
Please signify your acceptance to act as Distributor under the
Agreement with respect to the New Series by signing below.
Very sincerely,
Xxxxxx X. Xxxx
Senior Vice President
ING Equity Trust
ACCEPTED AND AGREED TO:
ING Funds Distributor, LLC
By: ___________________________
Xxxxxxx X. Xxxxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Equity Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
[ING FUNDS LOGO]
FORM OF AMENDED SCHEDULE A
WITH RESPECT TO THE
FOURTH AMENDED AND RESTATED
DISTRIBUTION AND SERVICE PLAN
FOR
ING EQUITY TRUST
MAXIMUM MAXIMUM MAXIMUM MAXIMUM
CLASS A CLASS B CLASS C CLASS Q
COMBINED COMBINED COMBINED COMBINED
DISTRIBUTION DISTRIBUTION DISTRIBUTION DISTRIBUTION
AND SERVICE AND SERVICE AND SERVICE AND SERVICE
NAME OF FUND FEES FEES FEES FEES
---------------------------------- ------------ ------------ ------------ ------------
ING Disciplined LargeCap Fund 0.30% 1.00% 1.00% N/A
ING Growth Opportunities Fund 0.30% 1.00% 1.00% 0.25%
ING LargeCap Value Fund 0.25% 1.00% 1.00% N/A
ING MidCap Opportunities Fund 0.30% 1.00% 1.00% 0.25%
ING MidCap Value Fund 0.25% 1.00% 1.00% 0.25%
ING Principal Protection Fund 0.25% 1.00% 1.00% 0.25%
ING Principal Protection Fund II 0.25% 1.00% 1.00% 0.25%
ING Principal Protection Fund III 0.25% 1.00% 1.00% 0.25%
ING Principal Protection Fund IV 0.25% 1.00% 1.00% 0.25%
ING Principal Protection Fund V 0.25% 1.00% 1.00% N/A
ING Principal Protection Fund VI 0.25% 1.00% 1.00% 0.25%
ING Principal Protection Fund VII 0.25% 1.00% 1.00% N/A
ING Principal Protection Fund VIII 0.25% 1.00% 1.00% N/A
ING Principal Protection Fund IX 0.25% 1.00% 1.00% N/A
ING Principal Protection Fund X 0.25% 1.00% 1.00% N/A
ING Principal Protection Fund XI 0.25% 1.00% 1.00% N/A
ING Real Estate Fund 0.25% 1.00% 1.00% 0.25%
ING SmallCap Opportunities Fund 0.30% 1.00% 1.00% 0.25%
ING SmallCap Value Fund 0.25% 1.00% 1.00% 0.25%
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Equity Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
[ING FUNDS LOGO]
FORM OF AMENDED SCHEDULE B
WITH RESPECT TO THE
FOURTH AMENDED AND RESTATED
DISTRIBUTION AND SERVICE PLAN
FOR
ING EQUITY TRUST
NAME OF FUND
ING Disciplined LargeCap Fund
ING Growth Opportunities Fund
ING LargeCap Value Fund
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Equity Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx