Exhibit (d)(11)(iv)

AMENDED SCHEDULE A

to the

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT

ING MUTUAL FUNDS

OPERATING EXPENSE LIMITS

Name of Fund1	Maximum Operating Expense Limit (as a percentage of average net assets) Class
	A		B		C		I		O	Q		R		W
ING Asia-Pacific Real Estate Fund Initial Term Expires March 1, 2009	1.75	%	2.50	%	2.50	%	1.50	%	N/A	N/A		N/A		N/A
ING Disciplined International SmallCap Fund Initial Term Expires March 1, 2008	1.20	%	1.95	%	1.95	%	0.95	%	N/A	N/A		N/A		N/A
ING Diversified International Fund2, 3, 6 Initial Term Expires March 1, 2007	0.35	%	1.10	%	1.10	%	0.10	%	N/A	N/A		0.60	%	0.10	%
Total Expense Limit including expenses of the underlying investment companies	1.47	%	2.22	%	2.22	%	1.22	%	N/A	N/A		1.72	%	N/A
ING Emerging Countries Fund6 Initial Term Expires March 1, 2006	2.25	%	2.90	%	2.90	%	1.75	%	N/A	2.15	%	N/A		1.90	%
ING Emerging Markets Fixed Income Fund Initial Term Expires March 1, 2007	1.25	%	2.00	%	2.00	%	1.00	%	N/A	N/A		N/A		N/A
ING European Real Estate Fund Initial Term Expires March 1, 2009	1.75	%	2.50	%	2.50	%	1.50	%	N/A	N/A		N/A		N/A
ING Foreign Fund6 Initial Term Expires March 1, 2006	1.95	%	2.70	%	2.70	%	1.60	%	N/A	1.85	%	N/A		1.45	%

1

Exhibit (d)(11)(iv)

Name of Fund1	Maximum Operating Expense Limit (as a percentage of average net assets) Class
	A		B		C		I		O		Q		R	W
ING Global Bond Fund Initial Term Expires March 1, 2008	0.90	%	1.65	%	1.65	%	0.61	%	N/A		N/A		N/A	N/A
ING Global Natural Resources Fund 6, 4 Initial Term Expires March 1, 2010	2.75	%	N/A		N/A		2.50		N/A		N/A		N/A	2.50	%
ING Global Real Estate Fund6 Initial Term Expires March 1, 2007	1.75	%	2.50	%	2.50	%	1.50	%	1.75	%	N/A		N/A	1.50	%
ING Global Value Choice Fund6,7 Initial Term Expires March 1, 2006	1.85	%	2.50	%	2.50	%	1.50	%	N/A		1.75	%	N/A	N/A
ING Index Plus International Equity Fund5 Term Expires March 1, 2011	1.15	%	1.90	%	1.90	%	0.90	%	1.15	%	N/A		N/A	N/A
ING International Capital Appreciation Fund Initial Term Expires March 1, 2007	1.50	%	2.25	%	2.25	%	1.25	%	N/A		N/A		N/A	N/A
ING International Equity Dividend Fund6 Initial Term Expires March 1, 2009	1.40	%	2.15	%	2.15	%	1.15	%	N/A		N/A		N/A	1.15	%
ING International Growth Opportunities Fund Initial Term Expires March 1, 2006	2.75	%	3.50	%	3.50	%	2.50	%	N/A		2.75	%	N/A	N/A
ING International SmallCap Fund6 Initial Term Expires March 1, 2006	1.95	%	2.60	%	2.60	%	1.40	%	N/A		1.85	%	N/A	1.60	%

2

Exhibit (d)(11)(iv)

Name of Fund1	Maximum Operating Expense Limit (as a percentage of average net assets) Class
	A		B		C		I		O	Q	R	W
ING International Value Choice Fund Initial Term Expires March 1, 2006	1.70	%	2.45	%	2.45	%	1.45	%	N/A	N/A	N/A	N/A
ING International Value Opportunities Fund Initial Term Expires March 1, 2008	1.40	%	2.15	%	2.15	%	1.15	%	N/A	N/A	N/A	N/A
ING Russia Fund Initial Term Expires March 1, 2006	3.35	%	4.10	%	N/A		N/A		N/A	N/A	N/A	N/A
												H.E. HE

Date Last Amended: September 12, 2007

¹ This Agreement shall automatically renew for one-year terms with respect to a Fund unless otherwise terminated in accordance with the Agreement.

² The operating expense limits set out above apply only at the Fund level and do not limit the fees payable by the underlying investment companies in which the Funds invest.

³ The Initial Term expires March 1, 2008 for Class R for ING Diversified International Fund.

⁴ The Initial Term expires March 1, 2010 for Class I for ING Global Natural Resources Fund.

⁵ The Term for ING Index Plus International Equity Fund Class O shares effective November 9, 2007, contingent upon shareholder approval.

⁶ Class W shares effective December 17, 2007 and the Initial Term for Class W shares expires March 1, 2010.

⁷ ING Global Value Choice Fund Expense Limits will change as noted below effective January 2, 2008.

	A		B		C		I		O	Q		R	W
ING Global Value Choice Fund	1.50	%	2.25	%	2.25	%	1.25	%	N/A	1.50	%	N/A	N/A

3