EX-99.B(D)(11)(III) 24 a06-22780_9ex99dbd11iii.htm EX-99.B(D)(11)(III)

Exhibit 99.B(d)(11)(iii)

 

AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT
between
ING Life Insurance and Annuity Company
and
Morgan Stanley Investment Management Inc.

 

AMENDMENT made as of this 1st day of June, 2005 to the Investment Subadvisory Agreement dated as of March 11, 2002, as amended (the “Agreement”), between ING Life Insurance and Annuity Company, an insurance corporation organized and existing under the laws of the State of Connecticut (the “Adviser”), and Morgan Stanley Investment Management Inc., a Delaware corporation, d/b/a Van Kampen (the “Subadviser”).

 

WITNESSETH:

 

WHEREAS, the Adviser and Subadviser are parties to the Agreement with respect to ING Partners, Inc. (the “Trust”); and

 

WHEREAS, the parties wish to amend the Agreement as set forth below.

 

THEREFORE, in consideration of the mutual covenants contained herein, the parties agree to amend the Agreement as follows:

 

1.             Appendix A of the Agreement is hereby deleted and replaced with the Amended Appendix A attached hereto.

 

2.             Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Agreement.

 

3.             In all other respects, the Agreement is confirmed and remains in full force and effect.

 

4.             This Amendment shall become effective as of the date first written above.

 

 

AGREED AND ACCEPTED BY:

 

  ING LIFE INSURANCE AND ANNUITY

MORGAN STANLEY INVESTMENT

  COMPANY

MANAGMENT INC. D/B/A VAN

 

KAMPEN

  By:

/s/ Laurie M. Tillinghast

 

 

  Name: Laurie M. Tillinghast

By:

/s/ Ronald E. Robinson

 

  Title: Vice President

Name: Ronald E. Robinson

 

Title: Managing Director

 



 

AMENDED APPENDIX A

 

to

 

INVESTMENT SUBADVISORY AGREEMENT

 

between

 

ING Life Insurance and Annuity Company

 

and

 

Morgan Stanley Investment Management Inc.

 

Portfolios

 

Annual Subadviser Fee

 

 

(as a percentage of average daily net
assets)

 

 

 

ING Van Kampen Equity and Income Portfolio

 

0.300% on the first $250 million of assets
0.250% on the next $300 million of assets
0.200% on assets over $550 million

 

 

 

ING Van Kampen Comstock Portfolio(1)

 

0.350% on the first $2 billion of assets
0.320% on the next $1 billion of assets
0.300% on assets over $3 billion

 


(1)           For purposes of calculating fees under this Agreement, the assets of the Series shall be aggregated with the assets of ING Van Kampen Equity Growth Portfolio, a series of ING Investors Trust, which is not a party to this Agreement.  The aggregated assets will be applied to the above schedule and the resulting fee shall be prorated back to each Series and its respective Adviser/Manager based on relative net assets.

 

2