(m)(4)(i)

                              SCHEDULE OF APPROVALS

                               WITH RESPECT TO THE

                     RESTATED SERVICE AND DISTRIBUTION PLAN

                                       FOR

                           ING INVESTMENT FUNDS, INC.

                                 CLASS M SHARES



                             MAXIMUM COMBINED SERVICE AND
FUND                              DISTRIBUTION FEES
----                         ----------------------------
                    (as a percentage of average daily net assets)
                 
ING MagnaCap Fund                       1.00%