497 1 d497.htm ING VARIABLE PORTFOLIOS ING Variable Portfolios

ING BALANCED PORTFOLIO, INC.

ING INTERMEDIATE BOND PORTFOLIO

ING INVESTORS TRUST

ING MONEY MARKET PORTFOLIO

ING PARTNERS, INC.

ING STRATEGIC ALLOCATION PORTFOLIOS, INC.

ING VARIABLE FUNDS

ING VARIABLE INSURANCE TRUST

ING VARIABLE PORTFOLIOS, INC.

ING VARIABLE PRODUCTS TRUST

Supplement dated September 1, 2011

to the Current Statements of Additional Information (“SAIs”)

for the above-named Companies/Trusts (“Registrants”)

Effective September 1, 2011, the Registrants current SAIs are revised as follows:

 

1.

The seventh bullet point of the section entitled “Disclosure of the Portfolios’ Portfolio Securities” of the Registrants’ SAIs is hereby deleted and replaced with the following:

 

   

to service providers, on a daily basis, in connection with their providing services benefiting the Portfolios such as, but not limited to, the provision of analytics for securities lending oversight and reporting, proxy voting, or class action services providers;

 

2.

The following is added to the table in the section entitled “Disclosure of the Portfolios’ Portfolio Securities” of the Registrants’ SAIs:

 

Party

   Purpose    Frequency   

Time Lag Between Date

of Information and Date

Information Released

The Bank of New York Mellon

  

Credit Approval

Process for ING Funds

Line of Credit

   As Requested    None

Coates Analytics, a

Division of

Albridge Solutions,

Inc. and an indirect

wholly-owned

subsidiary of The

Bank of New York

Mellon

  

Provision of Analytics

for Oversight and
Reporting of Securities
Lending

   Daily    None

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE