Exhibit 99.B-(d)(5)(ii)
AMENDED SCHEDULE A
TO THE
RESTATED EXPENSE LIMITATION AGREEMENT
ING SERIES FUND, INC.
OPERATING EXPENSE LIMITS
MAXIMUM OPERATING EXPENSE LIMIT
NAME OF FUND (AS A PERCENTAGE OF AVERAGE NET ASSETS)
------------ ---------------------------------------
Brokerage Cash Reserves 0.95%
Term Expires March 31
CLASS CLASS CLASS CLASS CLASS CLASS
A B C I O R
------ ------ ------ ------ ------ ------
ING Classic Principal Protection Fund II 1.50% 2.25% N/A N/A N/A N/A
Term Expires May 31
ING Classic Principal Protection Fund III 1.50% 2.25% N/A N/A N/A N/A
Term Expires May 31
ING Classic Principal Protection Fund IV 1.50% 2.25% N/A N/A N/A N/A
Term Expires May 31
ING Global Science and Technology Fund 1.75% 2.50% 2.50% 1.50% 1.75% N/A
Term Expires October 31
ING Government Fund 0.95% 1.70% 1.70% 0.70% 0.95% N/A
Term Expires March 31
ING Index Plus LargeCap Fund 0.95% 1.70% 1.45% 0.70% 0.95% 1.20%
Term Expires May 31
ING Index Plus MidCap Fund 1.00% 1.75% 1.50% 0.75% 1.00% 1.25%
Term Expires May 31
ING Index Plus Protection Fund 1.50% 2.25% N/A N/A N/A N/A
Term Expires May 31
ING Index Plus SmallCap Fund 1.00% 1.75% 1.50% 0.75% 1.00% 1.25%
Term Expires May 31
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MAXIMUM OPERATING EXPENSE LIMIT
NAME OF FUND (AS A PERCENTAGE OF AVERAGE NET ASSETS)
------------ ---------------------------------------
CLASS CLASS CLASS CLASS CLASS CLASS
A B C I O R
------ ------ ------ ------ ------ ------
ING International Growth Fund 1.60% 2.35% 2.35% 1.35% 1.60% N/A
Term Expires October 31
ING Small Company Fund 1.50% 2.25% 2.25% 1.25% 1.50% N/A
Term Expires May 31
ING Strategic Allocation Balanced Fund 1.20% 1.95% 1.95% 0.95% 1.20% N/A
Term Expires May 31
ING Strategic Allocation Growth Fund 1.25% 2.00% 2.00% 1.00% 1.25% N/A
Term Expires May 31
ING Strategic Allocation Income Fund 1.15% 1.90% 1.90% 0.90% 1.15% N/A
Term Expires May 31
ING Value Opportunity Fund 1.35% 2.10% 2.10% 1.10% 1.35% N/A
Term Expires May 31
HE
--
HE
* This Agreement shall automatically renew for one-year terms with respect to
a Fund unless otherwise terminated in accordance with the Agreement.
2