ING EQUITY TRUST ING Large Cap Value Fund ING MidCap Opportunities Fund ING Real Estate Fund ING SmallCap Opportunities Fund   ING MUTUAL FUNDS ING Diversified International Fund ING Emerging Markets Equity Fund ING Global Bond Fund ING Global Real Estate Fund ING FUNDS TRUST ING Floating Rate Fund ING Intermediate Bond Fund   ING SERIES FUND, INC. ING Core Equity Research Fund ING Corporate Leaders 100 Fund ING Global Target Payment Fund ING Index Plus LargeCap Fund ING Index Plus MidCap Fund ING Index Plus SmallCap Fund ING Large Cap Growth Fund

Supplement dated July 2, 2012

to the current Class R shares’ Prospectuses (each a “Prospectus” and collectively the “Prospectuses”)

for the above-referenced Funds (each a “Fund” and collectively the “Funds”)

On May 24, 2012 and June 13, 2012, the Boards or Directors/Trustees for the above-referenced Funds approved removal of the minimum initial investment and minimum account size requirements for Class R shares. Effective July 2, 2012, each Fund’s current Prospectuses are hereby revised as follows:

1. The information with respect to Class R shares in the table entitled “Minimum Initial Investment” of the Summary section of each Prospectus is hereby deleted and replaced as follows:

Minimum Initial Investment $ by share class
Class	$	R
Non-retirement accounts		-
Retirement accounts		-
Certain omnibus accounts		-
Pre-Authorized Investment Plan		-

2. The table with respect to Class R shares in the sub-section entitled “Classes of Shares – Summary of primary differences among share classes” in the Statutory section of each Prospectus is hereby deleted and replaced with the following:

Class R
Initial Sales Charge	None
Contingent Deferred Sales Charge	None
Distribution and/or Shareholder Services (12b-1) Fees	0.50% annually
Purchase Maximum	None
Minimum Initial Purchase/Minimum Account Size	None/None
Minimum Subsequent Purchases	None
Minimum Initial Balance for Systematic Exchange Privilege	None
Conversion	None

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE