497 1 x01107-05csuppl.htm 497E OF X.01107-05C DATED 11-23-05

ING Life Insurance and Annuity Company
Variable Annuity Account C

Multiple Sponsored Retirement Options

Supplement dated November 23, 2005 to the
Contract Prospectus, Contract Prospectus Summary and
Statement of Additional Information, each dated April 29, 2005

The information in this Supplement updates and amends certain information contained in the Contract Prospectus, Contract Prospectus Summary and Statement of Additional Information (SAI), each dated April 29, 2005, as supplemented. Please read it carefully and keep it with your current Contract Prospectus, Contract Prospectus Summary and SAI.

1.

Effective October 31, 2005, ING Salomon Brothers Fundamental Value Portfolio changed its name to ING Davis Venture Value Portfolio. Accordingly, all references to ING Salomon Brothers Fundamental Value Portfolio in the Contract Prospectus, Contract Prospectus Summary and SAI are replaced with ING Davis Venture Value Portfolio.

 

 

2.

The information for the ING Salomon Brothers Fundamental Value Portfolio appearing in the Fund Expense Table beginning on page 7 of the Contract Prospectus is deleted and replaced with the following to reflect changes in fund name and changes in fund fees and expenses effective October 31, 2005.

Fund Name

Management (Advisory) Fees

12b-1 Fee

Other Expenses

Total Annual Fund Operating Expenses

Fees and Expenses Waived or Reimbursed

Net Annual Fund Operating Expenses

ING Davis Venture Value Portfolio (Service Class)(15)

0.80%

--

0.35%

1.15%

--

1.15%

3.

The information for ING Salomon Brothers Fundamental Value Portfolio appearing in Appendix VI -- Description of Underlying Funds in the Contract Prospectus is deleted and replaced with the following to reflect changes in fund name, subadviser and principal investment strategies effective October 31, 2005.

Fund Name

Investment Adviser/
Subadviser

Investment Objective(s)/Summary of
Principal Investments

ING Partners, Inc. -- ING Davis Venture Value Portfolio (formerly ING Salomon Brothers Fundamental Value Portfolio)

(Service Class)

ING Life Insurance and Annuity Company

Subadviser: Davis Selected Advisers, L.P.

A non-diversified portfolio that seeks long-term growth of capital. Under normal circumstances, invests majority of assets in equity securities issued by large companies with market capitalizations of at least $10 billion.




X.01107-05C
C05-1111-006R (11/05)


Page 1 of 2


November 2005

 

4.

The information for ING Salomon Brothers Fundamental Value Portfolio appearing in the Fund Expense Table on page 10 of the Contract Prospectus Summary is deleted and replaced with the following to reflect changes in fund name and changes in fund fees and expenses effective October 31, 2005.

 

Column 1

Column 2

Column 3

 

Maximum Total Subaccount Annual Expenses

Total Fund Annual Operating Expenses

Total Annual Expenses (Subaccount Plus Fund Expenses)

ING Davis Venture Value Portfolio (Service Class)


1.75%


1.15%


2.90%









































Securities offered through ING Financial Advisers, LLC (Member SIPC), 151 Farmington Avenue, Hartford, CT 06156, or through other Broker-Dealers with which it has a selling agreement.

X.01107-05C
C05-1111-006R (11/05)


Page 2 of 2


November 2005