Exhibit 77(q)(1)(e)(1)
ING [LOGO]
FUNDS
January 1, 2005
Xxxxxxx X. Xxxxxx
Executive Vice President
ING investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Pursuant to the Restated Management Agreement dated May 9, 2001, as
amended, between ING Funds Trust and ING Investments, LLC (the "Agreement") we
hereby notify you of our intention to modify the annual investment management
fee for ING National Tax-Exempt Bond Fund (the "Fund") to include breakpoints.
Upon your acceptance, the Agreement will be modified to give effect to the
foregoing by adding breakpoints to the annual investment management fee for the
Fund as indicated on Amended and Restated Schedule 1 of the Agreement. The
Amended and Restated Schedule 1, with the annual investment management fee
indicated for the Fund, is attached hereto.
Please signify your acceptance to the addition of breakpoints for the Fund
by signing below where indicated.
Very sincerely,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Senior Vice President
ING Funds Trust
ACCEPTED AND AGREED TO:
ING Investments, LLC
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------
Xxxxxxx X. Xxxxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Funds Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED AND RESTATED SCHEDULE 1
with respect to the
RESTATED MANAGEMENT AGREEMENT
between
ING FUNDS TRUST
and
ING INVESTMENTS, LLC
an Arizona Limited Liability Company
Annual Investment Management Fee
--------------------------------
Name of Fund (as a percentage of average daily net assets)
------------
ING Classic Money Market Fund 0.25%
ING High Yield Bond Fund 0.65% of first $250 million of assets
0.60% of next $250 million of assets
0.55% of assets in excess of $500 million
ING Intermediate Bond Fund 0.50% of first $500 million of assets
0.45% of assets in excess of $500 million up to $1 billion
0.425% of assets in excess of $1 billion up to $2 billion
0.40% of assets in excess of $2 billion
ING National Tax-Exempt Bond Fund 0.50% of first $100 million of assets
0.40% of assets in excess of $100 million
