497 1 marplus-incomeannuity.htm NOTICE ONE SUPPLEMENT marplus-incomeannuity.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

SUPPLEMENT Dated June 24, 2008
To The Prospectus Dated April 28, 2008 For

ING Marathon Plus (IICA)    ING Income Annuity 
    ING Marathon Plus 

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

This supplement is notice of some forthcoming changes to the investment portfolios available
under your variable annuity contract. Please read it carefully and keep it with your copy of the
prospectus for future reference. If you have any questions or want to give us any instructions in
this regard, then please call our Customer Contact Center at 1-800-366-0066. You may also call
us for copies of the prospectus for any portfolio.

IMPORTANT INFORMATION REGARDING REORGANIZATION

On March 27, 2008, the Board of Trustees of the ING VP High Yield Bond Portfolio (Class I)
approved an agreement to reorganize the ING VP High Yield Bond Portfolio (Class I) with and
into the ING Pioneer High Yield Portfolio (Initial Class). The agreement is subject to shareholder
approval. If shareholder approval is obtained, it is expected that the reorganization will take
place on or about September 6, 2008, resulting in a shareholder of the ING VP High Yield Bond
Portfolio (Class I) becoming a shareholder of the ING Pioneer High Yield Portfolio (Initial
Class). Each shareholder will thereafter hold shares of the ING Pioneer High Yield Portfolio
(Initial Class) having equal aggregate value as share of the ING VP High Yield Bond Portfolio
(Class I), and the ING VP High Yield Bond Portfolio (Class I) will no longer be available under
the contract. Accordingly, unless you provide us with alternative allocation instructions, all
future allocations directed to the ING VP High Yield Bond Portfolio (Class I) will be
automatically allocated to the ING Pioneer High Yield Portfolio (Initial Class).

You may give us alternative allocation instructions at any time by contacting our Customer
Contact Center at 1-800-366-0066.

ING ILIAC (IICA) - 150144

1

06/08