X0101 EFFECT 33 LIVE 2009-06-04 13:30:00

N-14

0000895430 ING MUTUAL FUNDS 333-158789 0000895430 ING MUTUAL FUNDS S000008530 ING International Capital Appreciation Fund C000023419 Class A 0000895430 ING MUTUAL FUNDS S000009809 ING International Growth Opportunities Fund C000027105 A 0000895430 ING MUTUAL FUNDS S000008530 ING International Capital Appreciation Fund C000023420 Class B 0000895430 ING MUTUAL FUNDS S000009809 ING International Growth Opportunities Fund C000027106 B 0000895430 ING MUTUAL FUNDS S000008530 ING International Capital Appreciation Fund C000023421 Class C 0000895430 ING MUTUAL FUNDS S000009809 ING International Growth Opportunities Fund C000027107 C 0000895430 ING MUTUAL FUNDS S000008530 ING International Capital Appreciation Fund C000023422 Class I 0000895430 ING MUTUAL FUNDS S000009809 ING International Growth Opportunities Fund C000027108 I 0000895430 ING MUTUAL FUNDS S000008530 ING International Capital Appreciation Fund C000078254 Class Q 0000895430 ING MUTUAL FUNDS S000009809 ING International Growth Opportunities Fund C000027109 Q