497 1 dva_final817.htm #154355 DVA SUPPLEMENT dva_final817.htm - Generated by SEC Publisher for SEC Filing
SUPPLEMENT Dated August 18, 2009
To The Current Prospectus For
 
ING GoldenSelect DVA
 
Issued By ING USA Annuity and Life Insurance Company 
Through Its Separate Account B

The purpose of this supplement is:

  • To notify you of forthcoming reorganizations and a liquidation involving certain investment portfolios currently available under your variable annuity contract; and
  • To make available additional investment portfolios to facilitate the reorganizations.

PLEASE NOTE: These new investment portfolios will not be available under your variable annuity contract until a date near in time to the effective date of the reorganizations.

If you have any questions, or want to give us alternative allocation instructions, please call our Customer Service Center at 1-800-366-0066.

PLEASE READ THIS SUPPLEMENT CAREFULLY AND KEEP IT WITH YOUR COPY OF THE PROSPECTUS FOR FUTURE REFERENCE.

NOTICE OF REORGANIZATIONS

Effective after the close of business on October 23, 2009, the following investment portfolios indicated as Disappearing Portfolios will reorganize into and become part of the investment portfolios indicated as Surviving Portfolios:

Disappearing Portfolios  Surviving Portfolios 
ING LifeStyle Aggressive Growth Portfolio (Class S)  ING Retirement Growth Portfolio (ADV Class) 
ING LifeStyle Growth Portfolio (Class S)  ING Retirement Growth Portfolio (ADV Class) 
ING LifeStyle Moderate Growth Portfolio (Class S)  ING Retirement Moderate Growth Portfolio (ADV Class) 
ING LifeStyle Moderate Portfolio (Class S)  ING Retirement Moderate Portfolio (ADV Class) 

Important Information Regarding Reorganizations:

These reorganizations will be administered pursuant to an agreement, which has been approved by the board of trustees of the Disappearing Portfolios. The reorganization agreement will also be subject to shareholder approval. If shareholder approval is obtained, it is expected that the reorganizations will take place after the close of business on October 23, 2009, resulting in a shareholder of a given Disappearing Portfolio becoming a shareholder of the corresponding Surviving Portfolio. Each shareholder will thereafter hold shares of the Surviving Portfolio having equal aggregate value as shares of the Disappearing Portfolio, and the Disappearing Portfolio will no longer be available under the contract.

Unless you provide us with alternative allocation instructions, all future allocations directed to a given Disappearing Portfolio will be automatically allocated to the corresponding Surviving Portfolio.

References in the prospectus to the Disappearing Portfolios are hereby deleted, effective on and after October 26, 2009.

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NOTICE OF LIQUIDATION

Effective after the close of business on October 23, 2009, the following investment portfolio indicated as a Liquidating Portfolio will liquidate and the proceeds will be placed in the investment portfolio indicated as a Surviving Portfolio:

Liquidating Portfolio  Surviving Portfolio 
ING Multi-Manager International Small Cap Equity  ING Intermediate Bond Portfolio (Class S) 
Portfolio (Class S)   

Important Information Regarding Liquidation:

The liquidation will be administered pursuant to a plan of liquidation and dissolution, which has been approved by the board of trustees of the Liquidating Portfolio. The plan is subject to shareholder approval. If shareholder approval is obtained, the liquidation and dissolution is expected to take place after the close of business on October 23, 2009. The liquidation and dissolution is being proposed because the Liquidating Portfolio has been less than popular with the public than originally anticipated, and it is not anticipated that the Liquidating Portfolio will gather substantial assets in the future. Maintaining the Liquidating Portfolio at its current asset level has been determined not to be beneficial in the long-term to shareholders.

Before the liquidation date, you may reallocate contract value in the Liquidating Portfolio to another investment portfolio currently available under the contract. This reallocation will neither count as a transfer for purposes of our Excessive Trading Policy nor be subject to a transfer charge under the contract. Contract value remaining in the Liquidating Portfolio on the liquidation date will be placed in the Surviving Portfolio. Thereafter, the Liquidating Portfolio will no longer be available under the contract.

Unless you provide us with alternative allocation instructions, all future allocations directed to the Liquidating Portfolio will be automatically allocated to the corresponding Surviving Portfolio. It is important to request a reallocation before the liquidation date if you do not want your contract value in the Liquidating Portfolio to be placed in the Surviving Portfolio.

References in the prospectus to the Liquidating Portfolio are hereby deleted, effective on and after October 26, 2009.

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ADDITIONAL INVESTMENT PORTFOLIOS

Effective on and after October 26, 2009, the following additional investment portfolios will be available under your Contract –with more information about them hereby added to “Appendix B – The Investment Portfolios” (and their names hereby added to the list of available investment portfolios toward the front of the prospectus).

Fund Name  Investment Adviser/Subadviser  Investment Objective 
     
ING Investors Trust     
ING Retirement Growth Portfolio  Investment Adviser: Directed  Seeks a high level of total return 
(ADV Class)  Services, LLC  (consisting of capital appreciation 
  Asset Allocation Consultants:  and income) consistent with a level 
  ING Investment Management Co.  of risk that can be expected to be 
    greater than that of ING Retirement 
    Moderate Growth Portfolio. 
ING Retirement Moderate Growth  Investment Adviser: Directed  Seeks a high level of total return 
Portfolio (ADV Class)  Services, LLC  (consisting of capital appreciation 
  Asset Allocation Consultants:  and income) consistent with a level 
  ING Investment Management Co.  of risk that can be expected to be 
    greater than that of ING Retirement 
    Moderate Portfolio but less than that 
    of ING Retirement Growth Portfolio. 
ING Retirement Moderate Portfolio  Investment Adviser: Directed  Seeks a high level of total return 
(ADV Class)  Services, LLC  (consisting of capital appreciation 
  Asset Allocation Consultants:  and income) consistent with a level 
  ING Investment Management Co.  of risk that can be expected to be 
    greater than that of ING Retirement 
    Conservative Portfolio but less than 
    that of ING Retirement Moderate 
    Growth Portfolio. 

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