497 1 avasupp.htm AVA SUPPLEMENT avasupp.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

SUPPLEMENT Dated November 6, 2006
To The Prospectus Dated April 28, 2006
For Your Variable Annuity Contract

Issued By ING Life Insurance and Annuity Company
Through Variable Annuity Account B of ING Life Insurance and Annuity Company

This supplement updates the prospectus. Please read it carefully and keep it with your copy of the prospectus for future reference. If you have any questions, please call our Customer Contact Center at 1-800-366-0066.

These investment portfolio changes, underlined in the following excerpts of “Appendix III – Description of Underlying Funds,” are all effective November 6, 2006 - with all references in the prospectus changed accordingly:

Fund Name and     
Investment Adviser/Subadviser    Investment Objective 
ING Investors Trust     
           7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258     
ING BlackRock Large Cap Growth Portfolio (formerly,    Seeks long-term growth of capital. 
     ING Mercury Large Cap Growth Portfolio) (Class S)     
 
     Investment Adviser: Directed Services, Inc.     
     Investment Subadviser: BlackRock Investment     
     Management, LLC (formerly, Mercury Advisors)     
ING FMRSM Large Cap Growth Portfolio (formerly,    Seeks growth of capital over the long term. 
     ING FMRSM Earnings Growth Portfolio) (Class I)     
 
     Investment Adviser: Directed Services, Inc.     
     Investment Subadviser: Fidelity Management &     
     Research Co.     
ING JPMorgan Small Cap Core Equity Portfolio    Seeks capital growth over the long term. 
     (formerly, ING JPMorgan Small Cap Equity     
     Portfolio) (Class I)     
 
     Investment Adviser: Directed Services, Inc.     
     Investment Subadviser: J.P. Morgan Investment     
     Management Inc.     
ING Wells Fargo Mid Cap Disciplined Portfolio (Class S)    Seeks long-term capital growth. 
 
     Investment Adviser: Directed Services, Inc.     
     Investment Subadviser: Wells Capital Management, Inc.     
     (formerly, Wells Capital Management)     
ING Wells Fargo Small Cap Disciplined Portfolio    Seeks long-term capital appreciation. 
     (Class S)     
 
     Investment Adviser: Directed Services, Inc.     
     Investment Subadviser: Wells Capital Management, Inc.     
     (formerly, Wells Capital Management)     

141673 – ILIAC Variable Annuity (AVA)    1    11/6/06