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CHUBB GROUP OF INSURANCE COMPANIES DECLARATIONS
FINANCIAL INSTITUTION INVESTMENT
15 Mountain View Road, Warren, New Jersey 07059 COMPANY ASSET PROTECTION BOND
NAME OF ASSURED (including its SUBSIDIARIES): Bond Number: 81905981
ING FAMILY OF FUNDS
FEDERAL INSURANCE COMPANY
7337 E. DOUBLE TREE RANCH ROAD Incorporated under the laws of Indiana
SCOTTSDALE, AZ 85258 a stock insurance company herein called the COMPANY
Capital Center, 251 North Illinois, Suite 1100
Indianapolis, IN
46204-1927
ITEM 1. BOND PERIOD: from 12:01 a.m. on October 1, 2008
to 12:01 a.m. on October 1, 2009
ITEM 2. LIMITS OF LIABILITY--DEDUCTIBLE AMOUNTS:
If "Not Covered" is inserted below opposite any specified INSURING
CLAUSE, such INSURING CLAUSE and any other reference shall be deemed
to be deleted. THERE SHALL BE NO DEDUCTIBLE APPLICABLE TO ANY LOSS
UNDER INSURING CLAUSE 1. SUSTAINED BY ANY INVESTMENT COMPANY.
DEDUCTIBLE
INSURING CLAUSE LIMIT OF LIABILITY AMOUNT
--------------- ------------------ ----------
1. Employee $ 25,000,000 $ 0
2. On Premises $ 25,000,000 $ 25,000
3. In Transit $ 25,000,000 $ 25,000
4. Forgery or Alteration $ 25,000,000 $ 25,000
5. Extended Forgery $ 25,000,000 $ 25,000
6. Counterfeit Money $ 25,000,000 $ 25,000
7. Threats to Person $ 25,000,000 $ 25,000
8. Computer System $ 25,000,000 $ 25,000
9. Voice Initiated Funds Transfer Instruction $ 25,000,000 $ 25,000
10. Uncollectible Items of Deposit $ 250,000 $ 5,000
11. Audit Expense $ 250,000 $ 5,000
12. Claims Expense $ 25,000 $ 0
13. Stop Payment Order or Refusal to Pay Check $ 100,000 $ 0
14. Extended Computer Systems $ 25,000,000 $ 25,000
ITEM 3. THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE
FOLLOWING ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:
1 - 12
IN WITNESS WHEREOF, THE COMPANY has caused this Bond to be signed by its
authorized officers, but it shall not be valid unless also signed by an
authorized representative of the Company.
[LOGO]
ICAP Bond (5-98) - Federal
Form 17-02-1421 (Ed. 5-98) Page 1 of 1
The COMPANY, in consideration of payment of the
required premium, and in reliance on the APPLICATION
and all other statements made and information furnished
to the COMPANY by the ASSURED, and subject to the
DECLARATIONS made a part of this Bond and to all other
terms and conditions of this Bond, agrees to pay the
ASSURED for:
INSURING CLAUSES
Employee 1. Loss resulting directly from LARCENY or EMBEZZLEMENT
committed by any EMPLOYEE, alone or in collusion with
others.
On Premises 2. Loss of PROPERTY resulting directly from robbery,
burglary, false pretenses, common law or statutory
larceny, misplacement, mysterious unexplainable
disappearance, damage, destruction or removal, from the
possession, custody or control of the ASSURED, while
such PROPERTY is lodged or deposited at premises
located anywhere.
In Transit 3. Loss of PROPERTY resulting directly from common law or
statutory larceny, misplacement, mysterious
unexplainable disappearance, damage or destruction,
while the PROPERTY is in transit anywhere:
a. in an armored motor vehicle, including loading and
unloading thereof,
b. in the custody of a natural person acting as a
messenger of the ASSURED, or
c. in the custody of a TRANSPORTATION COMPANY and
being transported in a conveyance other than an
armored motor vehicle provided, however, that
covered PROPERTY transported in such manner is
limited to the following:
(1) written records,
(2) securities issued in registered form, which are
not endorsed or are restrictively endorsed, or
(3) negotiable instruments not payable to bearer,
which are not endorsed or are restrictively
endorsed.
Coverage under this INSURING CLAUSE begins immediately
on the receipt of such PROPERTY by the natural person
or TRANSPORTATION COMPANY and ends immediately on
delivery to the premises of the addressee or to any
representative of the addressee located anywhere.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 1 of 19
INSURING CLAUSES
(continued)
Forgery Or 4. Loss resulting directly from:
Alteration
a. FORGERY on, or fraudulent material alteration of,
any bills of exchange, checks, drafts,
acceptances, certificates of deposits, promissory
notes, due bills, money orders, orders upon public
treasuries, letters of credit, other written
promises, orders or directions to pay sums certain
in money, or receipts for the withdrawal of
PROPERTY, or
b. transferring, paying or delivering any funds or
other PROPERTY, or establishing any credit or
giving any value in reliance on any written
instructions, advices or applications directed to
the ASSURED authorizing or acknowledging the
transfer, payment, delivery or receipt of funds or
other PROPERTY, which instructions, advices or
applications fraudulently purport to bear the
handwritten signature of any customer of the
ASSURED, or shareholder or subscriber to shares of
an INVESTMENT COMPANY, or of any financial
institution or EMPLOYEE but which instructions,
advices or applications either bear a FORGERY or
have been fraudulently materially altered without
the knowledge and consent of such customer,
shareholder, subscriber, financial institution or
EMPLOYEE;
excluding, however, under this INSURING CLAUSE any loss
covered under INSURING CLAUSE 5. of this Bond, whether
or not coverage for INSURING CLAUSE 5. is provided for
in the DECLARATIONS of this Bond.
For the purpose of this INSURING CLAUSE, a mechanically
reproduced facsimile signature is treated the same as a
handwritten signature.
Extended Forgery 5. Loss resulting directly from the ASSURED having, in
good faith, and in the ordinary course of business,
for its own account or the account of others in any
capacity:
a. acquired, accepted or received, accepted or
received, sold or delivered, or given value,
extended credit or assumed liability, in reliance
on any original SECURITIES, DOCUMENTS OR OTHER
WRITTEN INSTRUMENTS which prove to:
(1) bear a FORGERY or a fraudulently material
alteration,
(2) have been lost or stolen, or
(3) be COUNTERFEIT, or
b. guaranteed in writing or witnessed any signatures
on any transfer, assignment, bill of sale, power of
attorney, guarantee, endorsement or other
obligation upon or in connection with any
SECURITIES, DOCUMENTS OR OTHER WRITTEN INSTRUMENTS.
Actual physical possession, and continued actual
physical possession if taken as collateral, of such
SECURITIES, DOCUMENTS OR OTHER WRITTEN INSTRUMENTS by
an EMPLOYEE, CUSTODIAN, or a Federal or State chartered
deposit institution of the ASSURED is a condition
precedent to the ASSURED having relied on such items.
Release or return of such collateral is an
acknowledgment by the ASSURED that it no longer relies
on such collateral.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 2 of 19
INSURING CLAUSES
Extended Forgery For the purpose of this INSURING CLAUSE, a mechanically
(continued) reproduced facsimile signature is treated the same as a
handwritten signature.
Counterfeit Money 6. Loss resulting directly from the receipt by the ASSURED
in good faith of any COUNTERFEIT money.
Threats To Person 7. Loss resulting directly from surrender of PROPERTY away
from an office of the ASSURED as a result of a threat
communicated to the ASSURED to do bodily harm to an
EMPLOYEE as defined in Section 1.e. (1), (2) and (5), a
RELATIVE or invitee of such EMPLOYEE, or a resident of
the household of such EMPLOYEE, who is, or allegedly
is, being held captive provided, however, that prior to
the surrender of such PROPERTY:
a. the EMPLOYEE who receives the threat has made a
reasonable effort to notify an officer of the
ASSURED who is not involved in such threat, and
b. the ASSURED has made a reasonable effort to notify
the Federal Bureau of Investigation and local law
enforcement authorities concerning such threat.
It is agreed that for purposes of this INSURING CLAUSE,
any EMPLOYEE of the ASSURED, as set forth in the
preceding paragraph, shall be deemed to be an ASSURED
hereunder, but only with respect to the surrender of
money, securities and other tangible personal property
in which such EMPLOYEE has a legal or equitable
interest.
Computer System 8. Loss resulting directly from fraudulent:
a. entries of data into, or
b. changes of data elements or programs within,
a COMPUTER SYSTEM, provided the fraudulent entry or
change causes:
(1) funds or other property to be transferred, paid
or delivered,
(2) an account of the ASSURED or of its customer to
be added, deleted, debited or credited, or
(3) an unauthorized account or a fictitious account
to be debited or credited.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 3 of 19
INSURING CLAUSES
(continued)
Voice Initiated 9. Loss resulting directly from VOICE INITIATED FUNDS
Funds Transfer TRANSFER INSTRUCTION directed to the ASSURED
Instruction authorizing the transfer of dividends or redemption
proceeds of INVESTMENT COMPANY shares from a CUSTOMER'S
account, provided such VOICE INITIATED FUNDS TRANSFER
INSTRUCTION was:
a. received at the ASSURED'S offices by those EMPLOYEES
of the ASSURED specifically authorized to receive
the VOICE INITIATED FUNDS TRANSFER INSTRUCTION,
b. made by a person purporting to be a CUSTOMER, and
c. made by said person for the purpose of causing the
ASSURED or CUSTOMER to sustain a loss or making an
improper personal financial gain for such person or
any other person.
In order for coverage to apply under this INSURING
CLAUSE, all VOICE INITIATED FUNDS TRANSFER INSTRUCTIONS
must be received and processed in accordance with the
Designated Procedures outlined in the APPLICATION
furnished to the COMPANY.
Uncollectible Items 10. Loss resulting directly from the ASSURED having
of Deposit credited an account of a customer, shareholder or
subscriber on the faith of any ITEMS OF DEPOSIT which
prove to be uncollectible, provided that the crediting
of such account causes:
a. redemptions or withdrawals to be permitted,
b. shares to be issued, or
c. dividends to be paid,
from an account of an INVESTMENT COMPANY.
In order for coverage to apply under this INSURING
CLAUSE, the ASSURED must hold ITEMS OF DEPOSIT for the
minimum number of days stated in the APPLICATION before
permitting any redemptions or withdrawals, issuing any
shares or paying any dividends with respect to such
ITEMS OF DEPOSIT.
ITEMS OF DEPOSIT shall not be deemed uncollectible
until the ASSURED'S standard collection procedures have
failed.
Audit Expense 11. Expense incurred by the ASSURED for that part of the
cost of audits or examinations required by any
governmental regulatory authority or self-regulatory
organization to be conducted by such authority,
organization or their appointee by reason of the
discovery of loss sustained by the ASSURED and covered
by this Bond.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 4 of 19
GENERAL AGREEMENTS
Additional A. If more than one corporation, or INVESTMENT
Companies Included COMPANY, or any combination of them is included as
As Assured the ASSURED herein:
(1) The total liability of the COMPANY under this Bond
for loss or losses sustained by any one or more or
all of them shall not exceed the limit for which
the COMPANY would be liable under this Bond if all
such loss were sustained by any one of them.
(2) Only the first named ASSURED shall be deemed to be
the sole agent of the others for all purposes under
this Bond, including but not limited to the giving
or receiving of any notice or proof required to be
given and for the purpose of effecting or accepting
any amendments to or termination of this Bond. The
COMPANY shall furnish each INVESTMENT COMPANY with
a copy of the Bond and with any amendment thereto,
together with a copy of each formal filing of claim
by any other named ASSURED and notification of the
terms of the settlement of each such claim prior to
the execution of such settlement.
(3) The COMPANY shall not be responsible for the proper
application of any payment made hereunder to the
first named ASSURED.
(4) Knowledge possessed or discovery made by any
partner, director, trustee, officer or supervisory
employee of any ASSURED shall constitute knowledge
or discovery by all the ASSUREDS for the purposes
of this Bond.
(5) If the first named ASSURED ceases for any reason to
be covered under this Bond, then the ASSURED next
named on the APPLICATION shall thereafter be
considered as the first named ASSURED for the
purposes of this Bond.
Representation Made B. The ASSURED represents that all information it has
By Assured furnished in the APPLICATION for this Bond or otherwise
is complete, true and correct. Such APPLICATION and
other information constitute part of this Bond.
The ASSURED must promptly notify the COMPANY of any
change in any fact or circumstance which materially
affects the risk assumed by the COMPANY under this
Bond.
Any intentional misrepresentation, omission,
concealment or incorrect statement of a material fact,
in the APPLICATION or otherwise, shall be grounds for
recision of this Bond.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 5 of 19
GENERAL AGREEMENTS
(continued)
Additional Offices C. If the ASSURED, other than an INVESTMENT COMPANY, while
Or Employees - this Bond is in force, merges or consolidates with, or
Consolidation, purchases or acquires assets or liabilities of another
Merger Or Purchase institution, the ASSURED shall not have the coverage
Or Acquisition Of afforded under this Bond for loss which has:
Assets Or
Liabilities - (1) occurred or will occur on premises, or
Notice To Company
(2) been caused or will be caused by an employee, or
(3) arisen or will arise out of the assets or
liabilities,
of such institution, unless the ASSURED:
a. gives the COMPANY written notice of the proposed
consolidation, merger or purchase or acquisition of
assets or liabilities prior to the proposed
effective date of such action, and
b. obtains the written consent of the COMPANY to
extend some or all of the coverage provided by this
Bond to such additional exposure, and
c. on obtaining such consent, pays to the COMPANY an
additional premium.
Change Of Control - D. When the ASSURED learns of a change in control (other
Notice To Company than in an INVESTMENT COMPANY), as set forth in Section
2(a) (9) of the Investment Company Act of 1940, the
ASSURED shall within sixty (60) days give written
notice to the COMPANY setting forth:
(1) the names of the transferors and transferees (or
the names of the beneficial owners if the voting
securities are registered in another name),
(2) the total number of voting securities owned by the
transferors and the transferees (or the beneficial
owners), both immediately before and after the
transfer, and
(3) the total number of outstanding voting securities.
Failure to give the required notice shall result in
termination of coverage for any loss involving a
transferee, to be effective on the date of such change
in control.
Court Costs And E. The COMPANY will indemnify the ASSURED for court costs
Attorneys' Fees and reasonable attorneys' fees incurred and paid by the
ASSURED in defense, whether or not successful, whether
or not fully litigated on the merits and whether or not
settled, of any claim, suit or legal proceeding with
respect to which the ASSURED would be entitled to
recovery under this Bond. However, with respect to
INSURING CLAUSE 1., this Section shall only apply in
the event that:
(1) an EMPLOYEE admits to being guilty of LARCENY OR
EMBEZZLEMENT,
(2) an EMPLOYEE is adjudicated to be guilty of LARCENY
OR EMBEZZLEMENT, or
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 6 of 19
GENERAL AGREEMENTS
Court Costs And (3) in the absence of 1 or 2 above, an arbitration panel
Attorneys' Fees agrees, after a review of an agreed statement of facts
(continued) between the COMPANY and the ASSURED, that an EMPLOYEE
would be found guilty of LARCENY OR EMBEZZLEMENT if
such EMPLOYEE were prosecuted.
The ASSURED shall promptly give notice to the COMPANY of
any such suit or legal proceeding and at the request of the
COMPANY shall furnish copies of all pleadings and pertinent
papers to the COMPANY. The COMPANY may, at its sole option,
elect to conduct the defense of all or part of such legal
proceeding. The defense by the COMPANY shall be in the name
of the ASSURED through attorneys selected by the COMPANY.
The ASSURED shall provide all reasonable information and
assistance as required by the COMPANY for such defense.
If the COMPANY declines to defend the ASSURED, no
settlement without the prior written consent of the COMPANY
nor judgment against the ASSURED shall determine the
existence, extent or amount of coverage under this Bond.
If the amount demanded in any such suit or legal proceeding
is within the DEDUCTIBLE AMOUNT, if any, the COMPANY shall
have no liability for court costs and attorney's fees
incurred in defending all or part of such suit or legal
proceeding.
If the amount demanded in any such suit or legal proceeding
is in excess of the LIMIT OF LIABILITY stated in ITEM 2. of
the DECLARATIONS for the applicable INSURING CLAUSE, the
COMPANY'S liability for court costs and attorney's fees
incurred in defending all or part of such suit or legal
proceedings is limited to the proportion of such court
costs and attorney's fees incurred that the LIMIT OF
LIABILITY stated in ITEM 2. of the DECLARATIONS for the
applicable INSURING CLAUSE bears to the total of the amount
demanded in such suit or legal proceeding.
If the amount demanded is any such suit or legal proceeding
is in excess of the DEDUCTIBLE AMOUNT, if any, but within
the LIMIT OF LIABILITY stated in ITEM 2. of the
DECLARATIONS for the applicable INSURING CLAUSE, the
COMPANY'S liability for court costs and attorney's fees
incurred in defending all or part of such suit or legal
proceedings shall be limited to the proportion of such
court costs or attorney's fees that the amount demanded
that would be payable under this Bond after application of
the DEDUCTIBLE AMOUNT, bears to the total amount demanded.
Amounts paid by the COMPANY for court costs and attorneys'
fees shall be in addition to the LIMIT OF LIABILITY stated
in ITEM 2. of the DECLARATIONS.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 7 of 19
CONDITIONS AND
LIMITATIONS
Definitions 1. As used in this Bond:
a. COMPUTER SYSTEM means a computer and all input,
output, processing, storage, off-line media
libraries, and communication facilities which are
connected to the computer and which are under the
control and supervision of the operating system(s)
or application(s) software used by the ASSURED.
b. COUNTERFEIT means an imitation of an actual valid
original which is intended to deceive and be taken
as the original.
c. CUSTODIAN means the institution designated by an
INVESTMENT COMPANY to maintain possession and
control of its assets.
d. CUSTOMER means an individual, corporate,
partnership, trust customer, shareholder or
subscriber of an INVESTMENT COMPANY which has a
written agreement with the ASSURED for VOICE
INITIATED FUNDS TRANSFER INSTRUCTION.
e. EMPLOYEE means:
(1) an officer of the ASSURED,
(2) a natural person while in the regular service
of the ASSURED at any of the ASSURED'S premises
and compensated directly by the ASSURED through
its payroll system and subject to the United
States Internal Revenue Service Form W-2 or
equivalent income reporting plans of other
countries, and whom the ASSURED has the right
to control and direct both as to the result to
be accomplished and details and means by which
such result is accomplished in the performance
of such service,
(3) a guest student pursuing studies or performing
duties in any of the ASSURED'S premises,
(4) an attorney retained by the ASSURED and an
employee of such attorney while either is
performing legal services for the ASSURED,
(5) a natural person provided by an employment
contractor to perform employee duties for the
ASSURED under the ASSURED'S supervision at any
of the ASSURED'S premises,
(6) an employee of an institution merged or
consolidated with the ASSURED prior to the
effective date of this Bond,
(7) a director or trustee of the ASSURED, but only
while performing acts within the scope of the
customary and usual duties of any officer or
other employee of the ASSURED or while acting
as a member of any committee duly elected or
appointed to examine or audit or have custody
of or access to PROPERTY of the ASSURED, or
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 8 of 19
CONDITIONS AND
LIMITATIONS
Definitions (8) each natural person, partnership or corporation
(continued) authorized by written agreement with the ASSURED to
perform services as electronic data processor of checks
or other accounting records related to such checks but
only while such person, partnership or corporation is
actually performing such services and not:
a. creating, preparing, modifying or maintaining the
ASSURED'S computer software or programs, or
b. acting as transfer agent or in any other agency
capacity in issuing checks, drafts or securities
for the ASSURED,
(9) any partner, officer or employee of an investment
advisor, an underwriter (distributor), a transfer agent
or shareholder accounting recordkeeper, or an
administrator, for an INVESTMENT COMPANY while
performing acts coming within the scope of the
customary and usual duties of an officer or employee of
an INVESTMENT COMPANY or acting as a member of any
committee duly elected or appointed to examine, audit
or have custody of or access to PROPERTY of AN
INVESTMENT COMPANY.
The term EMPLOYEE shall not include any partner,
officer or employee of a transfer agent, shareholder
accounting recordkeeper or administrator:
a. which is not an "affiliated person" (as defined in
Section 2(a) of the Investment Company Act of
1940) of an INVESTMENT COMPANY or of the investment
advisor or underwriter (distributor) of such
INVESTMENT COMPANY, or
b. which is a "bank" (as defined in Section 2(a) of
the Investment Company Act of 1940).
This Bond does not afford coverage in favor of the
employers of persons as set forth in e. (4), (5)
and (8) above, and upon payment to the ASSURED by
the COMPANY resulting directly from LARCENY OR
EMBEZZLEMENT committed by any of the partners,
officers or employees of such employers, whether
acting alone or in collusion with others, an
assignment of such of the ASSURED'S rights and
causes of action as it may have against such
employers by reason of such acts so committed
shall, to the extent of such payment, be given by
the ASSURED to the COMPANY, and the ASSURED shall
execute all papers necessary to secure to the
COMPANY the rights provided for herein.
Each employer of persons as set forth in e.(4), (5) and
(8) above and the partners, officers and other
employees of such employers shall collectively be
deemed to be one person for all the purposes of this
Bond; excepting, however, the fifth paragraph of
Section 13.
Independent contractors not specified in e.(4), (5) or
(8) above, intermediaries, agents, brokers or other
representatives of the same general character shall not
be considered EMPLOYEES.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 9 of 19
CONDITIONS AND
LIMITATIONS
Definitions f. FORGERY means the signing of the name of another
(continued) natural person with the intent to deceive but does not
mean a signature which consists in whole or in part of
one's own name, with or without authority, in any
capacity for any purpose.
g. INVESTMENT COMPANY means any investment company
registered under the Investment Company Act of 1940
and listed under the NAME OF ASSURED on the
DECLARATIONS.
h. ITEMS OF DEPOSIT means one or more checks or drafts
drawn upon a financial institution in the United States
of America.
i. LARCENY OR EMBEZZLEMENT means larceny or embezzlement
as defined in Section 37 of the Investment Company
Act of 1940.
j. PROPERTY means money, revenue and other stamps;
securities; including any note, stock, treasury
stock, bond, debenture, evidence of indebtedness,
certificate of deposit, certificate of interest or
participation in any profit- sharing agreement,
collateral trust certificate, preorganization
certificate or subscription, transferable share,
investment contract, voting trust certificate,
certificate of deposit for a security, fractional
undivided interest in oil, gas, or other mineral
rights, any interest or instruments commonly known as a
security under the Investment Company Act of 1940, any
other certificate of interest or participation in,
temporary or interim certificate for, receipt for,
guarantee of, or warrant or right to subscribe to or
purchase any of the foregoing; bills of exchange;
acceptances; checks; withdrawal orders; money orders;
travelers' letters of credit; bills of lading;
abstracts of title; insurance policies, deeds,
mortgages on real estate and/or upon chattels and
interests therein; assignments of such policies, deeds
or mortgages; other valuable papers, including books of
accounts and other records used by the ASSURED in the
conduct of its business (but excluding all electronic
data processing records); and, all other instruments
similar to or in the nature of the foregoing in which
the ASSURED acquired an interest at the time of the
ASSURED'S consolidation or merger with, or purchase of
the principal assets of, a predecessor or which are
held by the ASSURED for any purpose or in any capacity
and whether so held gratuitously or not and whether or
not the ASSURED is liable therefor.
k. RELATIVE means the spouse of an EMPLOYEE or partner of
the ASSURED and any unmarried child supported wholly
by, or living in the home of, such EMPLOYEE or partner
and being related to them by blood, marriage or legal
guardianship.
l. SECURITIES, DOCUMENTS OR OTHER WRITTEN INSTRUMENTS
means original (including original counterparts)
negotiable or non-negotiable instruments, or
assignments thereof, which in and of themselves
represent an equitable interest, ownership, or debt and
which are in the ordinary course of business
transferable by delivery of such instruments with any
necessary endorsements or assignments.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 10 of 19
CONDITIONS AND
LIMITATIONS
Definitions m. SUBSIDIARY means any organization that, at the
(continued) inception date of this Bond, is named in the
APPLICATION or is created during the BOND
PERIOD and of which more than fifty percent
(50%) of the outstanding securities or voting
rights representing the present right to vote
for election of directors is owned or
controlled by the ASSURED either directly or
through one or more of its subsidiaries.
n. TRANSPORTATION COMPANY means any organization
which provides its own or its leased vehicles
for transportation or which provides freight
forwarding or air express services.
o. VOICE INITIATED ELECTION means any election
concerning dividend options available to
INVESTMENT COMPANY shareholders or subscribers
which is requested by voice over the telephone.
p. VOICE INITIATED REDEMPTION means any redemption
of shares issued by an INVESTMENT COMPANY which
is requested by voice over the telephone.
q. VOICE INITIATED FUNDS TRANSFER INSTRUCTION
means any VOICE INITIATED REDEMPTION or VOICE
INITIATED ELECTION.
For the purposes of these definitions, the singular
includes the plural and the plural includes the
singular, unless otherwise indicated.
General Exclusions - 2. THIS BOND DOES NOT DIRECTLY OR INDIRECTLY COVER:
Applicable to All
Insuring Clauses a. loss not reported to the COMPANY in writing
within sixty (60) days after termination of
this Bond as an entirety;
b. loss due to riot or civil commotion outside the
United States of America and Canada, or any
loss due to military, naval or usurped power,
war or insurrection. This Section 2.b.,
however, shall not apply to loss which occurs
in transit in the circumstances recited in
INSURING CLAUSE 3., provided that when such
transit was initiated there was no knowledge on
the part of any person acting for the ASSURED
of such riot, civil commotion, military, naval
or usurped power, war or insurrection;
c. loss resulting from the effects of nuclear
fission or fusion or radioactivity;
d. loss of potential income including, but not
limited to, interest and dividends not realized
by the ASSURED or by any customer of the
ASSURED;
e. damages of any type for which the ASSURED is
legally liable, except compensatory damages,
but not multiples thereof, arising from a loss
covered under this Bond;
f. costs, fees and expenses incurred by the
ASSURED in establishing the existence of or
amount of loss under this Bond, except to the
extent covered under INSURING CLAUSE 11.;
g. loss resulting from indirect or consequential
loss of any nature;
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 11 of 19
CONDITIONS AND
LIMITATIONS
General Exclusions - h. loss resulting from dishonest acts by any
Applicable to All member of the Board of Directors or Board of
Insuring Clauses Trustees of the ASSURED who is not an EMPLOYEE,
(continued) acting alone or in collusion with others;
i. loss, or that part of any loss, resulting
solely from any violation by the ASSURED or by
any EMPLOYEE:
(1) of any law regulating:
a. the issuance, purchase or sale of
securities,
b. securities transactions on security or
commodity exchanges or the over the
counter market,
c. investment companies,
d. investment advisors, or
(2) of any rule or regulation made pursuant
to any such law; or
j. loss of confidential information, material or
data;
k. loss resulting from voice requests or
instructions received over the telephone,
provided however, this Section 2.k. shall not
apply to INSURING CLAUSE 7. or 9.
Specific Exclusions - 3. THIS BOND DOES NOT DIRECTLY OR INDIRECTLY COVER:
Applicable To All
Insuring Clauses Except a. loss caused by an EMPLOYEE, provided, however,
Insuring Clause 1. this Section 3.a. shall not apply to loss
covered under INSURING CLAUSE 2. or 3. which
results directly from misplacement, mysterious
unexplainable disappearance, or damage or
destruction of PROPERTY;
b. loss through the surrender of property away
from premises of the ASSURED as a result of a
threat:
(1) to do bodily harm to any natural person,
except loss of PROPERTY in transit in the
custody of any person acting as messenger
of the ASSURED, provided that when such
transit was initiated there was no
knowledge by the ASSURED of any such
threat, and provided further that this
Section 3.b. shall not apply to INSURING
CLAUSE 7., or
(2) to do damage to the premises or PROPERTY
of the ASSURED;
c. loss resulting from payments made or
withdrawals from any account involving
erroneous credits to such account;
d. loss involving ITEMS OF DEPOSIT which are not
finally paid for any reason provided however,
that this Section 3.d. shall not apply to
INSURING CLAUSE 10.;
e. loss of property while in the mail;
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 12 of 19
CONDITIONS AND
LIMITATIONS
Specific Exclusions - f. loss resulting from the failure for any reason
Applicable To All of a financial or depository institution, its
Insuring Clauses Except receiver or other liquidator to pay or deliver
Insuring Clause 1. funds or other PROPERTY to the ASSURED provided
(continued) further that this Section 3.f. shall not apply
to loss of PROPERTY resulting directly from
robbery, burglary, misplacement, mysterious
unexplainable disappearance, damage,
destruction or removal from the possession,
custody or control of the ASSURED.
g. loss of PROPERTY while in the custody of a
TRANSPORTATION COMPANY, provided however, that
this Section 3.g. shall not apply to INSURING
CLAUSE 3.;
h. loss resulting from entries or changes made by
a natural person with authorized access to a
COMPUTER SYSTEM who acts in good faith on
instructions, unless such instructions are
given to that person by a software contractor
or its partner, officer, or employee authorized
by the ASSURED to design, develop, prepare,
supply, service, write or implement programs
for the ASSURED's COMPUTER SYSTEM; or
i. loss resulting directly or indirectly from the
input of data into a COMPUTER SYSTEM terminal,
either on the premises of the customer of the
ASSURED or under the control of such a
customer, by a customer or other person who had
authorized access to the customer's
authentication mechanism.
Specific Exclusions - 4. THIS BOND DOES NOT DIRECTLY OR INDIRECTLY COVER:
Applicable To All
Insuring Clauses Except a. loss resulting from the complete or partial
Insuring Clauses 1., non-payment of or default on any loan whether
4., And 5. such loan was procured in good faith or through
trick, artifice, fraud or false pretenses;
provided, however, this Section 4.a. shall not
apply to INSURING CLAUSE 8.;
b. loss resulting from forgery or any alteration;
c. loss involving a counterfeit provided, however,
this Section 4.c. shall not apply to INSURING
CLAUSE 5. or 6.
Limit Of Liability/Non- 5. At all times prior to termination of this Bond, this
Reduction And Non- Bond shall continue in force for the limit stated
Accumulation Of in the applicable sections of ITEM 2. of the
Liability DECLARATIONS, notwithstanding any previous loss for
which the COMPANY may have paid or be liable to pay
under this Bond provided, however, that the
liability of the COMPANY under this Bond with
respect to all loss resulting from:
a. any one act of burglary, robbery or hold-up, or
attempt thereat, in which no EMPLOYEE is
concerned or implicated, or
b. any one unintentional or negligent act on the
part of any one person resulting in damage to
or destruction or misplacement of PROPERTY, or
c. all acts, other than those specified in a.
above, of any one person, or
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 13 of 19
CONDITIONS AND
LIMITATIONS
Limit Of Liability/Non- d. any one casualty or event other than those
Reduction And Non- specified in a., b., or c. above, shall be
Accumulation Of deemed to be one loss and shall be limited to
Liability (continued) the applicable LIMIT OF LIABILITY stated in
ITEM 2. of the DECLARATIONS of this Bond
irrespective of the total amount of such loss
or losses and shall not be cumulative in
amounts from year to year or from period to
period.
All acts, as specified in c. above, of any one
person which
i. directly or indirectly aid in any way wrongful
acts of any other person or persons, or
ii. permit the continuation of wrongful acts of any
other person or persons
whether such acts are committed with or without the
knowledge of the wrongful acts of the person so
aided, and whether such acts are committed with or
without the intent to aid such other person, shall
be deemed to be one loss with the wrongful acts of
all persons so aided.
Discovery 6. This Bond applies only to loss first discovered by
an officer of the ASSURED during the BOND PERIOD.
Discovery occurs at the earlier of an officer of the
ASSURED being aware of:
a. facts which may subsequently result in a loss
of a type covered by this Bond, or
b. an actual or potential claim in which it is
alleged that the ASSURED is liable to a third
party,
regardless of when the act or acts causing or
contributing to such loss occurred, even though the
amount of loss does not exceed the applicable
DEDUCTIBLE AMOUNT, or the exact amount or details of
loss may not then be known.
Notice To Company - 7. a. The ASSURED shall give the COMPANY notice
Proof - Legal thereof at the earliest practicable moment, not
Proceedings Against to exceed sixty (60) days after discovery of
Company loss, in an amount that is in excess of 50% of
the applicable DEDUCTIBLE AMOUNT, as stated in
ITEM 2. of the DECLARATIONS.
b. The ASSURED shall furnish to the COMPANY proof
of loss, duly sworn to, with full particulars
within six (6) months after such discovery.
c. Securities listed in a proof of loss shall be
identified by certificate or bond numbers, if
issued with them.
d. Legal proceedings for the recovery of any loss
under this Bond shall not be brought prior to
the expiration of sixty (60) days after the
proof of loss is filed with the COMPANY or
after the expiration of twenty-four (24) months
from the discovery of such loss.
e. This Bond affords coverage only in favor of the
ASSURED. No claim, suit, action or legal
proceedings shall be brought under this Bond by
anyone other than the ASSURED.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 14 of 19
CONDITIONS AND
LIMITATIONS
Notice To Company - f. Proof of loss involving VOICE INITIATED FUNDS
Proof - Legal TRANSFER INSTRUCTION shall include electronic
Proceedings Against recordings of such instructions.
Company (continued)
Deductible Amount 8. The COMPANY shall not be liable under any INSURING
CLAUSES of this Bond on account of loss unless the
amount of such loss, after deducting the net amount
of all reimbursement and/or recovery obtained or
made by the ASSURED, other than from any Bond or
policy of insurance issued by an insurance company
and covering such loss, or by the COMPANY on account
thereof prior to payment by the COMPANY of such
loss, shall exceed the DEDUCTIBLE AMOUNT set forth
in ITEM 3. of the DECLARATIONS, and then for such
excess only, but in no event for more than the
applicable LIMITS OF LIABILITY stated in ITEM 2. of
the DECLARATIONS.
There shall be no deductible applicable to any loss
under INSURING CLAUSE 1. sustained by any INVESTMENT
COMPANY.
Valuation 9. BOOKS OF ACCOUNT OR OTHER RECORDS
The value of any loss of PROPERTY consisting of
books of account or other records used by the
ASSURED in the conduct of its business shall be the
amount paid by the ASSURED for blank books, blank
pages, or other materials which replace the lost
books of account or other records, plus the cost of
labor paid by the ASSURED for the actual
transcription or copying of data to reproduce such
books of account or other records.
The value of any loss of PROPERTY other than books
of account or other records used by the ASSURED in
the conduct of its business, for which a claim is
made shall be determined by the average market value
of such PROPERTY on the business day immediately
preceding discovery of such loss provided, however,
that the value of any PROPERTY replaced by the
ASSURED with the consent of the COMPANY and prior to
the settlement of any claim for such PROPERTY shall
be the actual market value at the time of
replacement.
In the case of a loss of interim certificates,
warrants, rights or other securities, the production
of which is necessary to the exercise of
subscription, conversion, redemption or deposit
privileges, the value of them shall be the market
value of such privileges immediately preceding their
expiration if said loss is not discovered until
after their expiration. If no market price is quoted
for such PROPERTY or for such privileges, the value
shall be fixed by agreement between the parties.
OTHER PROPERTY
The value of any loss of PROPERTY, other than as
stated above, shall be the actual cash value or the
cost of repairing or replacing such PROPERTY with
PROPERTY of like quality and value, whichever is
less.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 15 of 19
CONDITIONS AND
LIMITATIONS
(continued)
Securities Settlement 10. In the event of a loss of securities covered under
this Bond, the COMPANY may, at its sole discretion,
purchase replacement securities, tender the value of
the securities in money, or issue its indemnity to
effect replacement securities.
The indemnity required from the ASSURED under the
terms of this Section against all loss, cost or
expense arising from the replacement of securities
by the COMPANY'S indemnity shall be:
a. for securities having a value less than or
equal to the applicable DEDUCTIBLE AMOUNT - one
hundred (100%) percent;
b. for securities having a value in excess of the
DEDUCTIBLE AMOUNT but within the applicable
LIMIT OF LIABILITY - the percentage that the
DEDUCTIBLE AMOUNT bears to the value of the
securities;
c. for securities having a value greater than the
applicable LIMIT OF LIABILITY - the percentage
that the DEDUCTIBLE AMOUNT and portion in
excess of the applicable LIMIT OF LIABILITY
bears to the value of the securities.
The value referred to in Section 10.a., b., and c.
is the value in accordance with Section 9,
VALUATION, regardless of the value of such
securities at the time the loss under the COMPANY'S
indemnity is sustained.
The COMPANY is not required to issue its indemnity
for any portion of a loss of securities which is not
covered by this Bond; however, the COMPANY may do so
as a courtesy to the ASSURED and at its sole
discretion.
The ASSURED shall pay the proportion of the
Company's premium charge for the Company's indemnity
as set forth in Section 10.a., b., and c. No portion
of the LIMIT OF LIABILITY shall be used as payment
of premium for any indemnity purchased by the
ASSURED to obtain replacement securities.
Subrogation - 11. In the event of a payment under this Bond, the
Assignment - Recovery COMPANY shall be subrogated to all of the ASSURED'S
rights of recovery against any person or entity to
the extent of such payment. On request, the ASSURED
shall deliver to the COMPANY an assignment of the
ASSURED'S rights, title and interest and causes of
action against any person or entity to the extent of
such payment.
Recoveries, whether effected by the COMPANY or by
the ASSURED, shall be applied net of the expense of
such recovery in the following order:
a. first, to the satisfaction of the ASSURED'S
loss which would otherwise have been paid but
for the fact that it is in excess of the
applicable LIMIT OF LIABILITY,
b. second, to the COMPANY in satisfaction of
amounts paid in settlement of the ASSURED'S
claim,
c. third, to the ASSURED in satisfaction of the
applicable DEDUCTIBLE AMOUNT, and
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 16 of 19
CONDITIONS AND
LIMITATIONS
Subrogation - d. fourth, to the ASSURED in satisfaction of any
Assignment - Recovery loss suffered by the ASSURED which was not
(continued) covered under this Bond.
Recovery from reinsurance or indemnity of the
COMPANY shall not be deemed a recovery under this
section.
Cooperation Of Assured 12. At the COMPANY'S request and at reasonable times and
places designated by the COMPANY, the ASSURED shall:
a. submit to examination by the COMPANY and
subscribe to the same under oath,
b. produce for the COMPANY'S examination all
pertinent records, and
c. cooperate with the COMPANY in all matters
pertaining to the loss.
The ASSURED shall execute all papers and render
assistance to secure to the COMPANY the rights and
causes of action provided for under this Bond. The
ASSURED shall do nothing after loss to prejudice
such rights or causes of action.
Termination 13. If the Bond is for a sole ASSURED, it shall not be
terminated unless written notice shall have been
given by the acting party to the affected party and
to the Securities and Exchange Commission,
Washington, D.C., not less than sixty (60) days
prior to the effective date of such termination.
If the Bond is for a joint ASSURED, it shall not be
terminated unless written notice shall have been
given by the acting party to the affected party, and
by the COMPANY to all ASSURED INVESTMENT COMPANIES
and to the Securities and Exchange Commission,
Washington, D.C., not less than sixty (60) days
prior to the effective date of such termination.
This Bond will terminate as to any one ASSURED,
other than an INVESTMENT COMPANY:
a. immediately on the taking over of such ASSURED
by a receiver or other liquidator or by State
or Federal officials, or
b. immediately on the filing of a petition under
any State or Federal statute relative to
bankruptcy or reorganization of the ASSURED, or
assignment for the benefit of creditors of the
ASSURED, or
c. immediately upon such ASSURED ceasing to exist,
whether through merger into another entity,
disposition of all of its assets or otherwise.
The COMPANY shall refund the unearned premium
computed at short rates in accordance with the
standard short rate cancellation tables if
terminated by the ASSURED or pro rata if terminated
for any other reason.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 17 of 19
CONDITIONS AND
LIMITATIONS
Termination If any partner, director, trustee, or officer or
(continued) supervisory employee of an (continued) ASSURED
not acting in collusion with an EMPLOYEE learns
of any dishonest act committed by such EMPLOYEE
at any time, whether in the employment of the
ASSURED or otherwise, whether or not such act is
of the type covered under this Bond, and whether
against the ASSURED or any other person or
entity, the ASSURED:
a. shall immediately remove such EMPLOYEE from
a position that would enable such EMPLOYEE to
cause the ASSURED to suffer a loss covered by
this Bond; and
b. within forty-eight (48) hours of learning
that an EMPLOYEE has committed any dishonest
act, shall notify the COMPANY, of such action
and provide full particulars of such
dishonest act.
The COMPANY may terminate coverage as respects
any EMPLOYEE sixty (60) days after written notice
is received by each ASSURED INVESTMENT COMPANY
and the Securities and Exchange Commission,
Washington, D.C. of its desire to terminate this
Bond as to such EMPLOYEE.
Other Insurance 14. Coverage under this Bond shall apply only as
excess over any valid and collectible insurance,
indemnity or suretyship obtained by or on behalf
of:
a. the ASSURED,
b. a TRANSPORTATION COMPANY, or
c. another entity on whose premises the loss
occurred or which employed the person
causing the loss or engaged the messenger
conveying the PROPERTY involved.
Conformity 15. If any limitation within this Bond is prohibited
by any law controlling this Bond's construction,
such limitation shall be deemed to be amended so
as to equal the minimum period of limitation
provided by such law.
Change or Modification 16. This Bond or any instrument amending or affecting
this Bond may not be changed or modified orally.
No change in or modification of this Bond shall
be effective except when made by written
endorsement to this Bond signed by an authorized
representative of the COMPANY.
If this Bond is for a sole ASSURED, no change or
modification which would adversely affect the
rights of the ASSURED shall be effective prior to
sixty (60) days after written notice has been
furnished to the Securities and Exchange
Commission, Washington, D.C., by the acting
party.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 18 of 19
CONDITIONS AND
LIMITATIONS
Change or Modification If this Bond is for a joint ASSURED, no charge or
(continued) modification which would (continued) adversely
affect the rights of the ASSURED shall be
effective prior to sixty (60) days after written
notice has been furnished to all insured
INVESTMENT COMPANIES and to the Securities and
Exchange Commission, Washington, D.C., by the
COMPANY.
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 19 of 19
POLICYHOLDER
DISCLOSURE NOTICE OF
TERRORISM INSURANCE COVERAGE
(FOR POLICIES WITH NO TERRORISM EXCLUSION OR SUBLIMIT)
You are hereby notified that, under the Terrorism Risk Insurance Act (the
"Act"), effective December 26, 2007, this policy makes available to you
insurance for losses arising out of certain acts of terrorism. Terrorism is
defined as any act certified by the Secretary of the Treasury, in concurrence
with the Secretary of State and the Attorney General of the United States, to be
an act of terrorism; to be a violent act or an act that is dangerous to human
life, property or infrastructure; to have resulted in damage within the United
States, or outside the United States in the case of an air carrier or vessel or
the premises of a United States Mission; and to have been committed by an
individual or individuals as part of an effort to coerce the civilian population
of the United States or to influence the policy or affect the conduct of the
United States Government by coercion.
You should know that the insurance provided by your policy for losses caused by
acts of terrorism is partially reimbursed by the United States under the formula
set forth in the Act. Under this formula, the United States pays 85% of covered
terrorism losses that exceed the statutorily established deductible to be paid
by the insurance company providing the coverage.
However, if aggregate insured losses attributable to terrorist acts certified
under the Act exceed $100 billion in a Program Year (January 1 through December
31), the Treasury shall not make any payment for any portion of the amount of
such losses that exceeds $100 billion.
If aggregate insured losses attributable to terrorist acts certified under the
Act exceed $100 billion in a Program Year (January 1 through December 31) and we
have met our insurer deductible under the Act, we shall not be liable for the
payment of any portion of the amount of such losses that exceeds $100 billion,
and in such case insured losses up to that amount are subject to pro rata
allocation in accordance with procedures established by the Secretary of the
Treasury.
The portion of your policy's annual premium that is attributable to insurance
for such acts of terrorism is: $ -0-.
If you have any questions about this notice, please contact your agent or
broker.
10-02-1281(Ed. 1/2003)
IMPORTANT NOTICE:
THE SEC REQUIRES PROOF OF YOUR FIDELITY INSURANCE POLICY
Your company is now required to file an electronic copy of your fidelity
insurance coverage (Chubb's ICAP Bond policy) to the Securities and Exchange
Commission (SEC), according to rules adopted by the SEC on June 12, 2006.
Chubb is in the process of providing your agent/broker with an electronic copy
of your insurance policy as well as instructions on how to submit this proof of
fidelity insurance coverage to the SEC. You can expect to receive this
information from your agent/broker shortly.
The electronic copy of your policy is provided by Chubb solely as a convenience
and does not affect the terms and conditions of coverage as set forth in the
paper policy you receive by mail. The terms and conditions of the policy mailed
to you, which are the same as those set forth in the electronic copy, constitute
the entire agreement between your company and Chubb.
If you have any questions, please contact your agent or broker.
Form 14-02-12160 (ed. 7/2006)
IMPORTANT NOTICE TO POLICYHOLDERS
All of the members of the Chubb Group of Insurance companies doing business
in the United States (hereinafter "Chubb") distribute their products through
licensed insurance brokers and agents ("producers"). Detailed information
regarding the types of compensation paid by Chubb to producers on US insurance
transactions is available under the Producer Compensation link located at the
bottom of the page at www.chubb.com, or by calling 1-866-588-9478. Additional
information may be available from your producer.
Thank you for choosing Chubb.
10-02-1295(ed. 6/2007)
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: October 1, 2008 FEDERAL INSURANCE COMPANY
Endorsement/Rider No. 1
To be attached to and
form a part of Bond No. 81905981
Issued to: ING FAMILY OF FUNDS
DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE OR MODIFICATION
ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is amended
as follows:
1. The paragraph titled Other Property in Section 9, Valuation, is deleted in
its entirety.
2. The third paragraph in Section 16, Change or Modification, is deleted in
its entirety and replaced with the following:
If this Bond is for a joint ASSURED, no change or modification which would
adversely affect the rights of the ASSURED shall be effective prior to
sixty (60) days after written notice has been furnished to all insured
INVESTMENT COMPANIES and the Securities and Exchange Commission,
Washington, D.C., by the COMPANY.
The title and any headings in this endorsement/rider are solely for convenience
and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
[LOGO]
17-02-2437 (12/2006) rev.
Page 1
FEDERAL INSURANCE COMPANY
Endorsement No: 2
Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
ARKANSAS NOTIFICATION ENDORSEMENT
It is agreed that this is amended by adding to Section 13., Termination, the
following:
"No cancellation or termination of this as an entirety, whether by or at the
request of the ASSURED or by the COMPANY, shall take effect prior to the
expiration of thirty (30) days after written notice of such cancellation or
termination has been filed with the Arkansas Securities Commissioner, Arkansas
Securities Division, Heritage West Building, 3rd Floor, 201 East Markham, Little
Rock, Arkansas 72201 unless an earlier date of such cancellation or termination
is approved by said Arkansas Securities Department, State of Arkansas."
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
State Amendatory - General Use Form 17-02-1343 (Rev. 1-97)
FEDERAL INSURANCE COMPANY
Endorsement No: 3
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
NAME OF ASSURED ENDORSEMENT
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as
follows:
ING FAMILY OF FUNDS
ING CORPORATE LEADERS TRUST
ING Corporate Leaders Trust Fund
ING EQUITY TRUST
ING Equity Dividend Fund
ING Financial Services Fund
ING Fundamental Research Fund
ING LargeCap Growth Fund
ING LargeCap Value Fund
ING MidCap Opportunities Fund
ING Opportunistic LargeCap Fund
ING Index Plus LargeCap Equity Fund (Formerly PPF 1)
ING Index Plus LargeCap Equity Fund II (Formerly PPF 2)
ING Index Plus LargeCap Equity Fund III (Formerly PPF 3)
ING Index Plus LargeCap Equity Fund IV (Formerly PPF 4)
ING Index Plus LargeCap Equity Fund V (Formerly PPF 5)
ING Index Plus LargeCap Equity Fund VI (Formerly PPF 6)
ING Index Plus LargeCap Equity Fund VII (Formerly PPF 7)
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Principal Protection Fund XII
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Multi-Manager Fund
ING Value Choice Fund
ING FUNDS TRUST
ING Classic Money Market Fund
ING GNMA Income Fund
ING High Yield Bond Fund
ING Institutional Prime Money Market Fund
ING Intermediate Bond Fund
ING National Tax-Exempt Bond Fund
ICAP Bond
Form 17-02-0949 (Rev. 1-97) Page 1
ING MUTUAL FUNDS
ING Asia-Pacific Real Estate Fund
ING Disciplined International SmallCap Fund
ING Diversified International Fund
ING Emerging Countries Fund
ING Emerging Markets Fixed Income Fund
ING European Real Estate Fund
ING Foreign Fund
ING Global Bond Fund
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING Global Value Choice Fund
ING Greater China Fund
ING Index Plus International Equity Fund
ING International Capital Appreciation Fund
ING International Equity Dividend Fund
ING International Real Estate Fund
ING International SmallCap Multi-Manager Fund
ING International Value Choice Fund
ING Global Natural Resources Fund
ING Russia Fund
ING International Growth Opportunities Fund
ING International Value Opportunities Fund
ING MAYFLOWER TRUST
ING International Value Fund
ING SEPARATE PORTFOLIOS TRUST
ING Sports Core Fixed Income Fund
ING Sports Core Plus Fixed Income Fund
ING PRIME RATE TRUST
ING Prime Rate Trust
ING SENIOR INCOME FUND
ING Senior Income Fund
ING ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND
ING Asia Pacific High Dividend Equity Income Fund
ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
ING Global Equity Dividend and Premium Opportunity Fund
ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND
ING Global Advantage and Premium Opportunity Fund
ING INTERNATIONAL HIGH DIVIDEND EQUITY FUND
ING International High Dividend Equity Fund
ING RISK MANAGED NATURAL RESOURCES FUND
ING Risk Managed Natural Resources Fund
ICAP Bond
Form 17-02-0949 (Ed. 1-97) Page 2
ING VP NATURAL RESOURCES TRUST
ING VP Natural Resources Trust
ING VARIABLE INSURANCE TRUST
ING VP Global Equity Dividend Portfolio
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Portfolio - Series 7
ING GET U.S. Core Portfolio - Series 8
ING GET U.S. Core Portfolio - Series 9
ING GET U.S. Core Portfolio - Series 10
ING GET U.S. Core Portfolio - Series 11
ING GET U.S. Core Portfolio - Series 12
ING GET U.S. Core Portfolio - Series 13
ING GET U.S. Core Portfolio - Series 14
ING VARIABLE PRODUCTS TRUST
ING VP Financial Services Portfolio
ING VP High Yield Bond Portfolio
ING VP International Value Portfolio
ING VP MidCap Opportunities Portfolio
ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
ING INVESTORS TRUST
ING AllianceBernstein Mid Cap Growth Portfolio
ING American Funds Asset Allocation Portfolio
ING American Funds Bond Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds Growth Portfolio
ING American Funds International Portfolio
ING BlackRock Inflation Protected Bond Portfolio
ING BlackRock Large Cap Growth Portfolio
ING BlackRock Large Cap Value Portfolio
ING Capital Guardian U.S. Equities Portfolio
ING Disciplined Small Cap Value Portfolio
ING Evergreen Health Sciences Portfolio
ING Evergreen Omega Portfolio
ING FMR Diversified Mid Cap Portfolio
ING Focus 5 Portfolio
ING Franklin Income Fund
ING Franklin Mutual Shares Portfolio
ING Franklin Templeton Founding Strategy Portfolio
ING Global Real Estate Portfolio
ING Global Resources Portfolio
ING Goldman Sachs Commodity Strategy Portfolio
ING International Growth Opportunities Portfolio
ING Janus Contrarian Portfolio
ING JPMorgan Emerging Markets Equity Portfolio
ING JPMorgan Small Cap Core Equity Portfolio
ICAP Bond
Form 17-02-0949 (Ed. 1-97) Page 3
ING JPMorgan Value Opportunities Portfolio
ING Julius Baer Foreign Portfolio
ING Legg Mason Value Portfolio
ING Lifestyle Aggressive Growth Portfolio
ING Lifestyle Conservative Portfolio
ING Lifestyle Growth Portfolio
ING Lifestyle Moderate Growth Portfolio
ING Lifestyle Moderate Portfolio
ING Limited Maturity Bond Portfolio
ING Liquid Assets Portfolio
ING Lord Abbett Affiliated Portfolio
ING Marsico Growth Portfolio
ING Marsico International Opportunities Portfolio
ING MFS Total Return Portfolio
ING MFS Utilities Portfolio
ING Multi-Manager International Small Cap Portfolio
ING PIMCO Core Bond Portfolio
ING PIMCO High Yield Portfolio
ING Pioneer Equity Income Portfolio
ING Pioneer Fund Portfolio
ING Pioneer Mid Cap Value Portfolio
ING Stock Index Portfolio
ING T. Rowe Price Capital Appreciation Portfolio
ING T. Rowe Price Equity Income Portfolio
ING Templeton Global Growth Portfolio
ING Van Kampen Capital Growth Portfolio
ING Van Kampen Global Franchise Portfolio
ING Van Kampen Growth and Income Portfolio
ING Van Kampen Real Estate Portfolio
ING VP Index Plus International Equity Portfolio
ING Wells Fargo Disciplined Value Portfolio
ING Wells Fargo Small Cap Disciplined Portfolio
ING PARTNERS, INC.
ING American Century Large Company Value Portfolio
ING American Century Small-Mid Cap Value Portfolio
ING Baron Asset Portfolio
ING Baron Small Cap Growth Portfolio
ING Columbia Small Cap Value II Portfolio
ING Davis Venture Value Portfolio
ING Fidelity VIP Contrafund Portfolio
ING Fidelity VIP Equity-Income Portfolio
ING Fidelity VIP Growth Portfolio
ING Fidelity VIP Mid Cap Portfolio
ING Index Solution 2015 Portfolio
ING Index Solution 2025 Portfolio
ING Index Solution 2035 Portfolio
ING Index Solution 2045 Portfolio
ING Index Solution Income Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING Legg Mason Partners Aggressive Growth Portfolio
ING Neuberger Berman Partners Portfolio
ING OpCap Balanced Value Portfolio
ING Oppenheimer Main Street Portfolio ICAP Bond
ICAP Bond
Form 17-02-0949 (Ed. 1-97) Page 4
ING Oppenheimer Global Portfolio
ING Oppenheimer Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Pioneer High Yield Portfolio
ING Solution 2015 Portfolio
ING Solution 2025 Portfolio
ING Solution 2035 Portfolio
ING Solution 2045 Portfolio
ING Solution Growth and Income Portfolio
ING Solution Growth Portfolio
ING Solution Income Portfolio
ING T. Rowe Price Diversified Mid Cap Portfolio
ING T. Rowe Price Growth Equity Portfolio
ING Templeton Foreign Equity Portfolio
ING Thornburg Value Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING UBS U.S. Small Cap Growth Portfolio
ING Van Kampen Comstock Portfolio
ING Van Kampen Equity and Income Portfolio
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP Bond
Form 17-02-0949 (Ed. 1-97) Page 5
FEDERAL INSURANCE COMPANY
Endorsement No: 4
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
AMEND NAME OF ASSURED ENDORSEMENT
It is agreed that NAME OF ASSURED of the DECLARATIONS for this Bond is amended
to include the following:
Any Investment Company registered under the Investment Company Act of 1940 and
created during the Bond Period
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP Bond
Form 17-02-6272 (Ed. 8-04) Page 1
FEDERAL INSURANCE COMPANY
Endorsement No: 5
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
PREMIUM ENDORSEMENT
It is agreed that:
1. The premium for this Bond for the period October 1, 2008 to October 1,
2009 is: Premium: Eighty Five Thousand Dollars ($85,000.00)
2. It is further agreed that this premium is subject to change during this
period if amendments are made to this Bond at the request of the ASSURED.
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP Bond
Form 17-02-0735 (Rev. 1-97)
FEDERAL INSURANCE COMPANY
Endorsement No: 6
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
GENERAL TERMINATION ENDORSEMENT
It is agreed that this Bond is amended by adding to Section 13., Termination,
the following:
No termination of this Bond as an entirety by the COMPANY shall take effect
prior to the expiration of ninety (90) days after written notice of such
termination has been mailed to:
Midwest Stock Exchange
Commissioner of Securities, Office of the Secretary of State, Securities
Division, 8th Floor,
Truman State Office Building, Jefferson City, Missouri 65101.
If the Bond as an entirety terminates based on the occurrence of any of the
events described in a., b., or c. of the third paragraph of this Section 13.,
the COMPANY shall endeavor to provide written notice as soon as practicable of
such termination to:
Midwest Stock Exchange
Commissioner of Securities, Office of the Secretary of State, Securities
Division, 8th Floor,
Truman State Office Building, Jefferson City, Missouri 65101.
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP Bond
Form 17-02-7052 (Ed. 4-05) Page 1
FEDERAL INSURANCE COMPANY
Endorsement No.: 7
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
CLAIMS EXPENSE ENDORSEMENT
It is agreed that this Bond is amended as follows:
1. By adding the following INSURING CLAUSE:
12. Claims Expense
Reasonable expense incurred by the ASSURED, solely for independent
firms or individuals to determine the amount of loss where:
(1) the loss is covered under the Bond, and
(2) the loss is in excess of the applicable DEDUCTIBLE AMOUNT.
2. Under General Exclusions-Applicable To All Insuring Clauses, Section 2.f.
does not apply to loss covered under this INSURING CLAUSE.
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP Bond
Form 17-02-6282 (Ed. 11-04)
Effective date of
this endorsement: October 1, 2008 FEDERAL INSURANCE COMPANY
Endorsement No.: 8
To be attached to and form a part of
Number: 81905981
Issued to: ING FAMILY OF FUNDS
COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS RIDER
It is agreed that this insurance does not apply to the extent that trade or
economic sanctions or other laws or regulations prohibit the coverage provided
by this insurance.
ALL OTHER TERMS AND CONDITIONS OF THIS REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
Form 14-02-9228 (Ed. 4/2004)
FEDERAL INSURANCE COMPANY
Endorsement No.: 9
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
STOP PAYMENT ORDER OR REFUSAL TO PAY CHECK ENDORSEMENT
It is agreed that this Bond is amended as follows:
1. By adding the following INSURING CLAUSE:
"13. Stop Payment Order or Refusal to Pay Check
Loss resulting directly from the ASSURED being legally liable to pay
compensatory damages for:
a. complying or failing to comply with notice from any customer
of the ASSURED or any authorized representative of such
customer, to stop payment on any check or draft made or drawn
upon or against the ASSURED by such customer or by any
authorized representative of such customer, or
b. refusing to pay any check or draft made or drawn upon or
against the ASSURED by any customer of the ASSURED or by any
authorized representative of such customer."
2. By adding the following Specific Exclusion:
"Section 4.A. Specific Exclusions - Applicable to INSURING CLAUSE 13
THIS BOND DOES NOT DIRECTLY OR INDIRECTLY COVER:
a. liability assumed by the ASSURED by agreement under any contract,
unless such liability would have attached to the ASSURED even in the
absence of such agreement,
b. loss arising out of:
(1) libel, slander, wrongful entry, eviction, defamation, false
arrest, false imprisonment, malicious prosecution, assault or
battery,
(2) sickness, disease, physical bodily harm, mental or emotional
distress or anguish, or death of any person, or
(3) discrimination."
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP Bond
Form 17-02-2365 (Ed. 10-00)
FEDERAL INSURANCE COMPANY
Endorsement No.: 10
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
EXTENDED COMPUTER SYSTEMS ENDORSEMENT
It is agreed that this Bond is amended as follows:
1. By adding the following INSURING CLAUSE:
14. Extended Computer Systems
A. Electronic Data, Electronic Media, Electronic Instruction
Loss resulting directly from:
(1) the fraudulent modification of ELECTRONIC DATA,
ELECTRONIC MEDIA or ELECTRONIC INSTRUCTION being
stored within or being run within any system
covered under this INSURING CLAUSE,
(2) robbery, burglary, larceny or theft of ELECTRONIC
DATA, ELECTRONIC MEDIA or ELECTRONIC INSTRUCTIONS,
(3) the acts of a hacker causing damage or destruction
of ELECTRONIC DATA, ELECTRONIC MEDIA or ELECTRONIC
INSTRUCTION owned by the ASSURED or for which the
ASSURED is legally liable, while stored within a
COMPUTER SYSTEM covered under this INSURING
CLAUSE, or
(4) the damage or destruction of ELECTRONIC DATA,
ELECTRONIC MEDIA or ELECTRONIC INSTRUCTION owned
by the ASSURED or for which the ASSURED is legally
liable while stored within a COMPUTER SYSTEM
covered under INSURING CLAUSE 14, provided such
damage or destruction was caused by a computer
program or similar instruction which was written
or altered to intentionally incorporate a hidden
instruction designed to damage or destroy
ELECTRONIC DATA, ELECTRONIC MEDIA, or ELECTRONIC
INSTRUCTION in the COMPUTER SYSTEM in which the
computer program or instruction so written or so
altered is used.
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02) Page 1
B. Electronic Communication
Loss resulting directly from the ASSURED having transferred, paid or
delivered any funds or property, established any credit, debited any
account or given any value on the faith of any electronic communications
directed to the ASSURED, which were transmitted or appear to have been
transmitted through:
(1) an ELECTRONIC COMMUNICATION SYSTEM,
(2) an automated clearing house or custodian, or
(3) a Telex, TWX, or similar means of communication,
directly into the ASSURED'S COMPUTER SYSTEM or COMMUNICATION TERMINAL, and
fraudulently purport to have been sent by a customer, automated clearing
house, custodian, or financial institution, but which communications were
either not sent by said customer, automated clearing house, custodian, or
financial institution, or were fraudulently modified during physical
transit of ELECTRONIC MEDIA to the ASSURED or during electronic
transmission to the ASSURED'S COMPUTER SYSTEM or COMMUNICATION TERMINAL.
C. Electronic Transmission
Loss resulting directly from a customer of the ASSURED, any automated
clearing house, custodian, or financial institution having transferred,
paid or delivered any funds or property, established any credit, debited
any account or given any value on the faith of any electronic
communications, purporting to have been directed by the ASSURED to such
customer, automated clearing house, custodian, or financial institution
initiating, authorizing, or acknowledging, the transfer, payment, delivery
or receipt of funds or property, which communications were transmitted
through:
(1) an ELECTRONIC COMMUNICATION SYSTEM,
(2) an automated clearing house or custodian, or
(3) a Telex, TWX, or similar means of communication,
directly into a COMPUTER SYSTEM or COMMUNICATION TERMINAL of said
customer, automated clearing house, custodian, or financial institution,
and fraudulently purport to have been directed by the ASSURED, but which
communications were either not sent by the ASSURED, or were fraudulently
modified during physical transit of ELECTRONIC MEDIA from the ASSURED or
during electronic transmission from the ASSURED'S COMPUTER SYSTEM or
COMMUNICATION TERMINAL, and for which loss the ASSURED is held to be
legally liable.
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02) Page 2
2. By adding to Section 1., Definitions, the following:
r. COMMUNICATION TERMINAL means a teletype, teleprinter or video
display terminal, or similar device capable of sending or receiving
information electronically. COMMUNICATION TERMINAL does not mean a
telephone.
s. ELECTRONIC COMMUNICATION SYSTEM means electronic communication
operations by Fedwire, Clearing House Interbank Payment System
(CHIPS), Society of Worldwide International Financial
Telecommunication (SWIFT), similar automated interbank communication
systems, and Internet access facilities.
t. ELECTRONIC DATA means facts or information converted to a form
usable in COMPUTER SYSTEMS and which is stored on ELECTRONIC MEDIA
for use by computer programs.
u. ELECTRONIC INSTRUCTION means computer programs converted to a form
usable in a COMPUTER SYSTEM to act upon ELECTRONIC DATA.
v. ELECTRONIC MEDIA means the magnetic tape, magnetic disk, optical
disk, or any other bulk media on which data is recorded.
3. By adding the following Section after Section 4., Specific
Exclusions-Applicable to All INSURING CLAUSES except 1., 4., and 5.:
Section 4.A. Specific Exclusions-Applicable to INSURING CLAUSE 14
THIS BOND DOES NOT DIRECTLY OR INDIRECTLY COVER:
a. loss resulting directly or indirectly from FORGED, altered or
fraudulent negotiable instruments, securities, documents or written
instruments used as source documentation in the preparation of
ELECTRONIC DATA;
b. loss of negotiable instruments, securities, documents or written
instruments except as converted to ELECTRONIC DATA and then only in
that converted form;
c. loss resulting from mechanical failure, faulty construction, error
in design, latent defect, wear or tear, gradual deterioration,
electrical disturbance, ELECTRONIC MEDIA failure or breakdown or any
malfunction or error in programming or error or omission in
processing;
d. loss resulting directly or indirectly from the input of ELECTRONIC
DATA at an authorized electronic terminal of an ELECTRONIC FUNDS
TRANSFER SYSTEM or a CUSTOMER COMMUNICATION SYSTEM by a person who
had authorized access from a customer to that customer's
authentication mechanism; or
e. liability assumed by the ASSURED by agreement under any contract,
unless such liability would have attached to the ASSURED even in the
absence of such agreement; or
f. loss resulting directly or indirectly from:
(1) written instruction unless covered under this INSURING CLAUSE;
or
(2) instruction by voice over the telephone, unless covered under
this INSURING CLAUSE.
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02) Page 3
4. By adding to Section 9., Valuation, the following:
Electronic Data, Electronic Media, Or Electronic Instruction
In case of loss of, or damage to, ELECTRONIC DATA, ELECTRONIC MEDIA or
ELECTRONIC INSTRUCTION used by the ASSURED in its business, the COMPANY
shall be liable under this Bond only if such items are actually reproduced
form other ELECTRONIC DATA, ELECTRONIC MEDIA or ELECTRONIC INSTRUCTION of
the same kind or quality and then for not more than the cost of the blank
media and/or the cost of labor for the actual transcription or copying of
data which shall have been furnished by the ASSURED in order to reproduce
such ELECTRONIC DATA, ELECTRONIC MEDIA or ELECTRONIC INSTRUCTION subject
to the applicable SINGLE LOSS LIMIT OF LIABILITY.
However, if such ELECTRONIC DATA can not be reproduced and said ELECTRONIC
DATA represents SECURITIES or financial instruments having a value, then
the loss will be valued as indicated in the SECURITIES and OTHER PROPERTY
paragraphs of this Section.
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02) Page 4
FEDERAL INSURANCE COMPANY
Endorsement No.: 11
Bond Number: 81905981
NAME OF ASSURED: ING FAMILY OF FUNDS
AMEND DISCOVERY ENDORSEMENT
It is agreed that this Bond is amended by deleting Section 6., Discovery, in its
entirety and substituting the following:
6. Discovery
This Bond applies only to loss first discovered by the Risk Management
Department, Senior Vice President, or above of the ASSURED during the BOND
PERIOD. Discovery occurs at the earlier of the Risk Management Department,
Senior Vice President, or above of the ASSURED being aware of:
a. facts which may subsequently result in a loss of a type covered by
this Bond, or
b. an actual or potential claim in which it is alleged that the ASSURED
is liable to a third party, regardless of when the act or acts
causing or contributing to such loss occurred, even though the
amount of loss does not exceed the applicable DEDUCTIBLE AMOUNT, or
the exact amount or details of loss may not then be known.
This Endorsement applies to loss discovered after 12:01 a.m. on October 1, 2008.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: December 3, 2008
[LOGO]
ICAP Bond
Form 17-02-6260 (Ed. 6-04)
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: October 1, 2008 FEDERAL INSURANCE COMPANY
Endorsement/Rider No. 12
To be attached to and
form a part of Bond No. 81905981
Issued to: ING FAMILY OF FUNDS
AMEND NOTICE TO COMPANY ENDORSEMENT
In consideration of the premium charged, it is agreed Section 7., Notice to
Company-Proof-Legal Proceedings Against Company, of the Conditions and
Limitations, is amended by deleting paragraph a. and replacing it with the
following:
a. The Risk Management Department, Senior Vice President, or above of
the ASSURED shall give the COMPANY notice thereof at the earliest
practicable moment, not to exceed ninety (90) days after discovery
of loss, in an amount that is in excess of 50% of the applicable
DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS.
The title and any headings in this endorsement/rider are solely for convenience
and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
[LOGO]
Q07-2394 (10/2007)
Page 1
APPROVAL OF INVESTMENT COMPANY BLANKET BOND
INSURANCE POLICY RENEWAL
PROPOSED RESOLUTIONS
RESOLVED, that it is the determination of the Directors/Trustees,
including a majority of those Directors/Trustees who are not parties to the
Investment Company Blanket Bond insurance (the "17g-1 Bond") written by Chubb
Group of Insurance Companies (the "Insurance Company"), nor "interested persons"
as defined by the Investment Company Act of 1940, as amended, (the "1940 Act")
of any such party, that the 17g-1 Bond insuring each and all of the ING Funds
(the "Funds") for covered acts and omissions of their respective officers and
Directors/Trustees and the officers and employees of ING Investments, LLC,
Directed Services LLC, and their affiliates, in accordance with the requirements
of Rule 17g-1 promulgated by the Securities and Exchange Commission under
Section 17(g) of the 1940 Act, is reasonable in form and amount after having
given due consideration to all relevant factors, including, but not limited to,
the value of the aggregate assets of each of the Funds to which any such covered
person may have access, the type and terms of the arrangements made for the
custody and safekeeping of such assets, the nature of the securities in each of
the Fund's portfolios, the number of other parties named as insured parties
under the Bonds, and the nature of the business activities of such other
parties; and
FURTHER RESOLVED, that the terms of the 17g-1 Bond, as presented at this
meeting, be, and hereby is, continued until October 1, 2009, for and on behalf
of each of the Funds, with such changes as the officers may deem necessary as a
result of negotiations with the Insurance Company, provided such changes are in
accord with the requirements of Rule 17g-1; and
FURTHER RESOLVED, that the Directors/Trustees, including a majority of
those Directors/Trustees who are not parties to the 17g-1 Bond nor "interested
persons" as defined in the 1940 Act of any such party, hereby approve the
continued payment by ING Investments, LLC, Directed Services LLC, for pro-rata
share of each of the Funds, as applicable, based on assets of the respective
covered Funds, of the projected premium for coverage under the 17g-1 Bond,
having given due consideration to all relevant factors, including, but not
limited to, the number of other parties named as insured parties under the
Bonds, the nature of the business activities of such other parties, the amount
of the Bonds, the amount of the projected premium for the Bonds, the ratable
allocation of the projected
premium among all the parties named as insureds, and the extent to which the
share of the projected premium allocated to each of the Funds is less than the
projected premium that any individual Fund would have had to pay if it had
provided and maintained a single insured bond; and
FURTHER RESOLVED, that the Directors/Trustees or the appropriate officers
of the Funds are hereby authorized to take all such further action and execute
and deliver all such further instruments and documents in the name of and on
behalf of the Funds as in their judgment shall be necessary to accomplish the
purpose of these resolutions; and
FURTHER RESOLVED, that any of the officers of the Funds are hereby
authorized and directed to take whatever action is necessary to amend the
Allocation Agreements between the Funds and the insureds under the 17g-1 Bond
pursuant to the terms and conditions included therein from time to time to
provide coverage for additional entities that are authorized pursuant to these
resolutions to be covered under the policy.
Exhibit A
ING FUNDS SERVICES, LLC
FIDELITY BOND ANALYSIS
JULY 18, 2008
GROSS MINIMUM
ASSET SIZE BONDING
NAME OF FUND CLASSIFICATION REQUIREMENT
----------------------------------------------------------- ------------------------------- ------------
ING CORPORATE LEADERS TRUST $ 443,707,073 250,000,000 to 500,000,000 750,000
---------------
ING Corporate Leaders Trust Fund $ 443,707,073
ING EQUITY TRUST $ 1,868,373,986 1,5000,000,000 to 2,000,000,000 1,500,000
---------------
ING Equity Dividend Fund $ 4,343,867
ING Financial Services Fund $ 172,718,152
ING Fundamental Research Fund $ 24,968,718
ING LargeCap Growth Fund $ 142,338,886
ING LargeCap Value Fund $ 35,400,292
ING MidCap Opportunities Fund $ 246,294,012
ING Opportunistic LargeCap Fund $ 36,031,886
ING Index Plus LargeCap Equity Fund (Formerly PPF 1) $ 26,081,573
ING Index Plus LargeCap Equity Fund II (Formerly PPF 2) $ 38,129,595
ING Index Plus LargeCap Equity Fund III (Formerly PPF 3) $ 31,742,310
ING Index Plus LargeCap Equity Fund IV (Formerly PPF 4) $ 73,932,032
ING Index Plus LargeCap Equity Fund V (Formerly PPF 5) $ 75,517,972
ING Index Plus LargeCap Equity Fund VI (Formerly PPF 6) $ 78,768,519
ING Index Plus LargeCap Equity Fund VII (Formerly PPF 7) $ 42,406,564
ING Principal Protection Fund VIII $ 48,118,402
ING Principal Protection Fund IX $ 38,729,527
ING Principal Protection Fund X $ 29,675,933
ING Principal Protection Fund XI $ 21,421,258
ING Principal Protection Fund XII $ 10,383,657
ING Real Estate Fund $ 494,115,107
ING SmallCap Opportunities Fund $ 142,825,887
ING SmallCap Value Multi-Manager Fund $ 54,429,837
ING Value Choice Fund $ 353,959,836
ING FUNDS TRUST $ 4,174,436,028 over 4,000,000,000 2,500,000
---------------
ING Classic Money Market Fund $ 1,420,891,182
ING GNMA Income Fund $ 587,865,629
ING High Yield Bond Fund $ 111,433,707
ING Institutional Prime Money Market Fund $ 705,916,495
ING Intermediate Bond Fund $ 1,318,262,713
ING National Tax-Exempt Bond Fund $ 30,066,302
Exhibit A
ING MUTUAL FUNDS $ 7,191,947,274 over 4,000,000,000 2,500,000
---------------
ING Asia-Pacific Real Estate Fund $ 7,426,547
ING Disciplined International SmallCap Fund $ 281,433,621
ING Diversified International Fund $ 507,545,222
ING Emerging Countries Fund $ 224,950,502
ING Emerging Markets Fixed Income Fund $ 290,370,124
ING European Real Estate Fund $ 5,422,885
ING Foreign Fund $ 623,481,307
ING Global Bond Fund $ 114,349,054
ING Global Equity Dividend Fund $ 239,423,392
ING Global Natural Resources $ 146,467,916
ING Global Real Estate Fund $ 1,709,352,752
ING Global Value Choice Fund $ 123,697,604
ING Greater China Fund $ 49,912,658
ING Index Plus International Equity Fund $ 183,267,381
ING International Capital Appreciation Fund $ 102,471,583
ING International Equity Dividend Fund $ 63,829,910
ING International Growth Opportunities Fund $ 132,931,108
ING International Real Estate Fund $ 602,762,121
ING International SmallCap Multi-Manager Fund $ 779,927,888
ING International Value Choice Fund $ 83,495,772
ING International Value Opportunities $ 8,316,967
ING Russia Fund $ 911,110,960
ING MAYFLOWER TRUST $ 3,483,713,436 3,000,000,000 to 3,500,000,000 2,100,000
---------------
ING International Value Fund $ 3,483,713,436
ING SEPARATE PORTFOLIOS TRUST $ 14,864,960 10,000,000 to 15,000,000 200,000
---------------
ING SPorts Core Fixed Income Fund $ 4,656,326
ING Sports Core Plus Fixed Income Fund $ 10,208,634
ING PRIME RATE TRUST $ 909,925,496 750,000,000 to 1,000,000,000 1,000,000
---------------
ING Prime Rate Trust $ 909,925,496
ING SENIOR INCOME FUND $ 1,157,394,191 1,000,000,000 to 1,500,000,000 1,250,000
---------------
ING Senior Income Fund $ 1,157,394,191
ING ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND $ 253,933,834 250,000,000 to 500,000,000 750,000
---------------
ING Asia Pacific High Dividend Equity Income Fund $ 253,933,834
ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND $ 1,518,131,742 1,500,000,000 to 2,000,000,000 1,500,000
---------------
ING Global Equity Dividend and Premium Opportunity Fund $ 1,518,131,742
Exhibit A
ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND $ 297,956,734 250,000,000 to 500,000,000 750,000
----------------
ING Global Advantage and Premium Opportunity Fund $ 297,956,734
ING INTERNATIONAL HIGH DIVIDEND EQUITY FUND $ 124,339,844 100,000,000 to 150,000,000 525,000
----------------
ING International High Equity Dividiend Fund $ 124,339,844
ING RISK MANANGED NATURUAL RESOURCES FUND $ 412,013,199 250,000,000 to 500,000,000 750,000
----------------
ING Risk Managed Natural Resources Fund $ 412,013,199
ING VARIABLE INSURANCE TRUST $ 688,619,407 500,000,000 to 750,000,000 900,000
----------------
ING VP Global Equity Dividend Portfolio $ 61,283,068
ING GET U.S. Core Portfolio - Series 1 $ 77,267,597
ING GET U.S. Core Portfolio - Series 2 $ 57,557,258
ING GET U.S. Core Portfolio - Series 3 $ 84,653,749
ING GET U.S. Core Portfolio - Series 4 $ 35,953,920
ING GET U.S. Core Portfolio - Series 5 $ 24,045,170
ING GET U.S. Core Portfolio - Series 6 $ 48,433,693
ING GET U.S. Core Portfolio - Series 7 $ 32,581,937
ING GET U.S. Core Portfolio - Series 8 $ 21,021,014
ING GET U.S. Core Portfolio - Series 9 $ 15,576,658
ING GET U.S. Core Portfolio - Series 10 $ 14,055,266
ING GET U.S. Core Portfolio - Series 11 $ 16,748,829
ING GET U.S. Core Portfolio - Series 12 $ 28,638,255
ING GET U.S. Core Portfolio - Series 13 $ 61,353,452
ING GET U.S. Core Portfolio - Series 14 $ 109,449,541
ING VARIABLE PRODUCTS TRUST $ 1,571,070,590 1,500,000,000 to 2,000,000,000 1,500,000
----------------
ING VP Financial Services Portfolio $ 66,618,429
ING VP High Yield Bond Portfolio $ 68,166,000
ING VP International Value Portfolio $ 533,406,308
ING VP MidCap Opportunities Portfolio $ 628,453,453
ING VP Real Estate Portfolio $ 106,811,644
ING VP SmallCap Opportunities Portfolio $ 167,614,756
ING INVESTORS TRUST $ 49,045,656,951 Over 4,000,000,000 2,500,000
----------------
ING AllianceBernstein Mid Cap Growth Portfolio $ 381,740,572
ING American Funds Asset Allocation Portffolio $ 43,438,854
ING American Funds Bond Portfolio $ 136,767,224
ING American Funds Growth - Income Portfolio $ 1,531,837,088
ING American Funds Growth Portfolio $ 2,339,592,336
ING American Funds International Portfolio $ 1,501,390,735
ING BlackRock Inflation Protected Bond Portfolio $ 167,872,973
ING BlackRock Large Cap Growth Portfolio $ 358,110,019
ING BlackRock Large Cap Value Portfolio $ 181,588,833
Exhibit A
ING Capital Guardian U.S Equities Portfolio $ 361,901,834
ING Disciplined Small Cap Value Portfolio $ 101,011,362
ING Evergreen Health Sciences Portfolio $ 201,998,382
ING Evergreen Omega Portfolio $ 165,294,323
ING FMR Diversified Mid Cap Portfolio $ 1,328,165,266
ING Focus 5 Portfolio $ 176,325,721
ING Franklin Income Fund $ 690,003,159
ING Franklin Mutual Shares Portfolio $ 459,266,000
ING Franklin Templeton Founding Strategy Portfolio $ 793,565,900
ING Global Real Estate Portfolio $ 488,237,040
ING Global Resources Portfolio $ 1,338,357,946
ING Goldman Sachs Commodity Strategy Portfolio $ 305,002,441
ING International Growth Opportunities Portfolio $ 125,516,105
ING Janus Contrarian Portfolio $ 1,002,249,939
ING JPMorgan Emerging Markets Equity Portfolio $ 1,183,755,786
ING JPMorgan Small Cap Core Equity Portfolio $ 414,917,486
ING JPMorgan Value Opportunities Portfolio $ 316,124,035
ING Julius Baer Foreign Portfolio $ 2,127,934,766
ING Legg Mason Value Portfolio $ 278,503,446
ING Lifestyle Aggressive Growth Portfolio $ 1,183,166,627
ING Lifestyle Conservative Portfolio $ 2,209,240
ING Lifestyle Growth Portfolio $ 3,974,685,439
ING Lifestyle Moderate Growth Portfolio $ 3,149,690,302
ING Lifestyle Moderate Portfolio $ 1,632,882,527
ING Limited Maturity Bond Portfolio $ 430,698,152
ING Liquid Assets Portfolio $ 2,097,741,439
ING Lord Abbett Affiliated Portfolio $ 204,178,129
ING Marsico Growth Portfolio $ 1,050,214,617
ING Marsico International Opportunities Portfolio $ 638,949,114
ING MFS Total Return Portfolio $ 1,276,370,139
ING MFS Utilities Portfolio $ 639,913,610
ING Multi-Manager International Small Cap Portfolio $ 151,497,997
ING PIMCO Core Bond Portfolio $ 2,902,317,511
ING PIMCO High Yield Portfolio $ 726,711,375
ING Pioneer Equity Income Portfolio $ 148,950,829
ING Pioneer Fund Portfolio $ 107,346,901
ING Pioneer Mid Cap Value Portfolio $ 974,538,253
ING Stock Index Portfolio $ 470,790,667
ING T. Rowe Price Capital Appreciation Portfolio $ 3,401,492,072
ING T. Rowe Price Equity Income Portfolio $ 1,262,858,261
ING Templeton Global Growth Portfolio $ 651,800,720
ING Van Kampen Capital Growth Portfolio $ 521,895,898
ING Van Kampen Global Franchise Portfolio $ 354,008,164
ING Van Kampen Growth and Income Portfolio $ 757,285,039
Exhibit A
ING Van Kampen Real Estate Portfolio $ 1,256,122,999
ING VP Index Plus International Equity Portfolio $ 264,173,948
ING Wells Fargo Disciplined Value Portfolio $ 178,405,071
ING Wells Fargo Small Cap Disciplined Portfolio $ 134,292,340
ING PARTNERS, INC. $ 15,993,114,706 over 4,000,000,000 2,500,000
----------------
ING American Century Large Company Value Portfolio $ 23,961,013
ING American Century Small-Mid Cap Value Portfolio $ 90,962,984
ING Baron Asset Portfolio $ 9,705,086
ING Baron Small Cap Growth Portfolio $ 594,818,081
ING Columbia Small Cap Value II Portfolio $ 406,426,259
ING Davis Venture Value Portfolio $ 457,412,158
ING Fidelity VIP Contrafund Portfolio $ 411,383,659
ING Fidelity VIP Equity-Income Portfolio $ 46,795,493
ING Fidelity VIP Growth Portfolio $ 37,796,165
ING Fidelity VIP Mid Cap Portfolio $ 76,342,713
ING Index Solution 2015 Portfolio $ 1,226,314
ING Index Solution 2025 Portfolio $ 1,580,458
ING Index Solution 2035 Portfolio $ 672,335
ING Index Solution 2045 Portfolio $ 849,462
ING Index Solution Income Portfolio $ 122,281
ING JPMorgan Mid Cap Value Portfolio $ 208,289,057
ING Legg Mason Partners Aggressive Growth Portfolio $ 909,468,991
ING Neuberger Berman Partners Portfolio $ 499,289,952
ING OpCap Balanced Value Portfolio $ 31,747,891
ING Oppenheimer Main Street Portfolio $ 378,315,553
ING Oppenheimer Global Portfolio $ 2,044,320,474
ING Oppenheimer Strategic Income Portfolio $ 690,012,874
ING PIMCO Total Return Portfolio $ 461,159,682
ING Pioneer High Yield Portfolio $ 148,967,182
ING Solution 2015 Portfolio $ 663,505,461
ING Solution 2025 Portfolio $ 919,482,277
ING Solution 2035 Portfolio $ 721,318,047
ING Solution 2045 Portfolio $ 407,061,114
ING Solution Growth and Income Portfolio $ 33,899
ING Solution Growth Portfolio $ 2,675
ING Solution Income Portfolio $ 225,611,298
ING T. Rowe Price Diversified Mid Cap Portfolio $ 881,194,418
ING T. Rowe Price Growth Equity Portfolio $ 1,285,551,327
ING Templeton Foreign Equity Portfolio $ 852,985,410
ING Thornburg Value Portfolio $ 353,589,348
ING UBS U.S. Large Cap Equity Portfolio $ 404,443,837
ING UBS U.S. Small Cap Growth Portfolio $ 5,244,846
ING Van Kampen Comstock Portfolio $ 848,964,790
ING Van Kampen Equity and Income Portfolio $ 892,499,842
MINIMUM BOND REQUIREMENT 23,475,000
PRESENT COVERAGE 30,000,000
RESERVE 6,525,000
TOTAL ASSETS COVERED $ 87,578,128,861
ALLOCATION AGREEMENT
FIDELITY BOND
THIS AGREEMENT made as of this 24th day of May, 2002 by and among any of the
Funds listed on Schedule A and any separate classes thereof and all future
investment companies and any separate classes thereof (the "Funds"), which are
named insureds under a joint liability policy as described below and for which
ING Investments, LLC acts as investment manager are entered into under the
following circumstances:
A. Section 17(g) of the Investment Company Act of 1940, as amended ("the
1940 Act") provides that the Securities and Exchange Commission ("SEC") is
authorized to require that directors, officers and employees of registered
investment companies be covered under a liability, errors and omissions
insurance policy, and the SEC has promulgated rules and regulations dealing with
this subject ("Rule 17g-l");
B. The Funds are named as joint insureds under the terms of a joint
insurance policy ("Policy") which insures against illegal profit or gain,
intentional wrongful acts, libel, slander, defamation, ERISA claims, insider
trading, as well as other coverage as outlined in the Policy, by the directors,
officers and employees;
C. A majority of those members of the Board of Directors/Trustees of each
of the Funds, who are not "interested persons" as defined by Section 2(a)(19) of
the 1940 Act, have given due consideration to all factors relevant to the form,
amount and apportionment of premiums and recoveries under such Policy and the
Board of Directors/Trustees of each Fund has approved the term and amount of the
Policy, the portion of the premium payable by that party, and the manner in
which recovery on the Policy, if any, shall be shared by and among the parties
thereto; and
D. The Funds now desire to enter into the agreement required by Rule 17g-l
of the 1940 Act to establish the manner in which recovery under the Policy, if
any, shall be shared.
NOW, THEREFORE, IT IS HEREBY AGREED by and among the parties as follows:
1. Payment of Premiums.
Each Fund shall pay a portion of the premium due under the Policy
derived by multiplying the premium by a fraction, (i) the denominator of which
is the total net assets of all the Funds combined and (ii) the numerator of
which is the total net assets of each of the Funds individually. The net assets
of the classes are deemed to be represented by the net assets of their
respective funds. Each of the Funds agrees that the appropriateness of the
allocation of said premium will be determined no less often than annually. No
adjustment of the allocation of said premium will be implemented without
approval of the Boards of each of the Funds.
2. Allocation of Recoveries
(a) If more than one of the parties hereto is damaged in a single
loss for which recovery is received under the policy, each such party shall
receive that portion of the recovery which represents the loss sustained by that
party, unless the recovery is inadequate to fully indemnify such party
sustaining loss.
(b) If the recovery is inadequate to fully indemnify each such party
sustaining a loss, the recovery shall be allocated among such parties as
follows:
(i) Each Party sustaining a loss shall be allocated an amount
equal to the lesser of its actual loss or the minimum amount of policy which
would be required to be maintained by such party under a single insured policy
(determined as of the time of loss) in accordance with the provisions of Rule
17g-l.
(ii) The remaining portion of the proceeds shall be allocated
to each party sustaining a loss not fully covered by the allocation under
subparagraph (i) in the proportion that each such party's last payment of
premium bears to the sum of the last such premium payments of all such parties.
If such allocation would result in any party which had sustained a loss
receiving a portion of the recovery in excess of the loss actually sustained,
such excess portion shall be allocated among the other parties whose losses
would not be fully indemnified. The allocation shall bear the same proportion as
each such party's last payment of premium bears to the sum of the last premium
payments of all parties entitled to receive a share of the excess. Any
allocation in excess of a loss actually sustained by any such party shall be
reallocated in the same manner.
2
3. Obligation to Maintain Minimum Coverage.
Each of the Funds represents and warrants to each of the other
parties hereto that the minimum amount of coverage required of it by Rule 17g-l
as of the date hereof is as reflected in the schedule attached hereto. Each of
the Funds agrees that it will determine, no less than at the end of each
calendar quarter, the minimum amount of coverage which would be required of it
by Rule 17g-l if a determination with respect to the adequacy of the coverage
were currently being made. In the event that the total amount of the minimum
coverage thus determined exceeds the amount of coverage of the then effective
policy, the Boards of each of the Funds will be notified and will determine
whether it is necessary or appropriate to increase the total amount of coverage
of the policy to an amount not less than the total amount of such minimums, or
to secure such excess coverage for one or more of the parties hereto, which,
when added to the total coverage of the policy, will equal an amount of such
minimums. Unless a Fund elects to terminate this Agreement (pursuant to
Paragraph 4) and its participation in a joint-insured policy, each Fund agrees
to pay its fair portion of the new or additional premium (taking into account
all of the then existing circumstances).
4. Continuation and Termination. This Agreement shall become
effective on the date first written above, subject to the condition that the
Fund's Board of Directors/Trustees, including a majority of those
Directors/Trustees who are not interested persons (as such term is defined in
the 1940 Act) of the Manager, shall have approved this Agreement. This Agreement
shall supersede all prior agreements relating to an allocation of premium on any
joint insured policy and shall apply to the present liability policy coverage
and any renewal Or replacement thereof. It shall continue until terminated by
any party hereto upon the giving of not less than sixty (60) days notice to the
other parties hereto in writing.
5. Amendments. No provision of this Agreement may be changed,
waived, discharged or terminated orally, but only by an instrument in writing
signed by the party against which enforcement of the change, waiver, discharge
or termination is sought. A written amendment of this Agreement is effective
upon the approval of the Board of Directors/Trustees and the Manager.
3
IN WITNESS WHEREOF, the parties hereto have caused these presents to be
duly executed by their duly authorized officers as of the date first above
written.
On Behalf of: All ING Funds Listed on Schedule A
By: /s/ Michael J. Roland
------------------------------
Michael J. Roland
Executive Vice President
4
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
(MAY 29,2003)
ING Classic Money Market Fund
ING Convertible Fund
ING Emerging Countries Fund
ING Equity and Bond Fund
ING Financial Services Fund
ING Foreign Fund
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING GNMA Income Fund
ING Growth + Value Fund
ING Growth Opportunities Fund
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING International Fund
ING International SmallCap Growth Fund
ING International Value Fund
ING LargeCap Growth Fund
ING Lexington Money Market Trust
ING MagnaCap Fund
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING Precious Metals Fund
ING PRIME RATE TRUST
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund IX
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Real Estate Fund
ING Research Enhanced Index Fund
ING Russia Fund
ING SENIOR INCOME FUND
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Strategic Bond Fund
ING Tax Efficient Equity Fund
ING VP Convertible Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP Financial Services Portfolio
ING VP Growth + Value Portfolio
ING VP Growth Opportunities Portfolio
ING VP High Yield Bond Portfolio
ING VP International Portfolio
ING VP International SmallCap Growth Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP NATURAL RESOURCES TRUST
ING VP Research Enhanced Index Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP Worldwide Growth Portfolio
ING Worldwide Growth Fund
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
(FEBRUARY 25,2003)
ING Classic Money Market Fund
ING Convertible Fund
ING Emerging Countries Fund
ING Equity and Bond Fund
ING Financial Services Fund
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING Global Technology Fund
ING GNMA Income Fund
ING Growth + Value Fund
ING Growth Opportunities Fund
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING International Fund
ING International SmallCap Growth Fund
ING International Value Fund
ING LargeCap Growth Fund
ING Lexington Money Market Trust
ING MagnaCap Fund
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING Precious Metals Fund
ING PRIME RATE TRUST
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund IX
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Real Estate Fund
ING Research Enhanced Index Fund
ING Russia Fund
ING SENIOR INCOME FUND
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Strategic Bond Fund
ING Tax Efficient Equity Fund
ING VP Convertible Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP Financial Services Portfolio
ING VP Growth + Value Portfolio
ING VP Growth Opportunities Portfolio
ING VP High Yield Bond Portfolio
ING VP International Portfolio
ING VP International SmallCap Growth Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP NATURAL RESOURCES TRUST
ING VP Research Enhanced Index Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP Worldwide Growth Portfolio
ING Worldwide Growth Fund
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
Fund For Life Series
ING AIM Mid Cap Growth Portfolio
ING Alliance Mid Cap Growth Portfolio
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING Capital Guardian Large Cap Value Portfolio
ING Capital Guardian Managed Global Portfolio
ING Capital Guardian Small Cap Portfolio
ING Classic Money Market Fund
ING Convertible Fund
ING Developing World Portfolio
ING Disciplined LargeCap Fund
ING Eagle Asset Value Equity Portfolio
ING Emerging Countries Fund
ING Equity and Bond Fund
ING Financial Services Fund
ING FMR(SM) Diversified Mid Cap Portfolio
ING Foreign Fund
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Select Portfolio - Series 1
ING GET U.S. Core Select Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING GNMA Income Fund
ING Goldman Sachs Internet Tollkeeper(SM) Portfolio
ING Growth + Value Fund
ING Growth Opportunities Fund
ING Hard Assets Portfolio
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING International Fund
ING International Portfolio
ING International SmallCap Growth Fund
ING International Value Fund
ING Janus Growth and Income Portfolio
ING Janus Special Equity Portfolio
ING Jennison Equity Opportunities Portfolio
ING JPMorgan Fleming Small Cap Equity Portfolio
ING Julius Baer Foreign Portfolio
ING LargeCap Growth Fund
ING Lexington Money Market Trust
ING Limited Maturity Bond Portfolio
ING Liquid Assets Portfolio
ING MagnaCap Fund
ING Marsico Growth Portfolio
ING Mercury Focus Value Portfolio
ING Mercury Fundamental Growth Portfolio
ING MFS Mid Cap Growth Portfolio
ING MFS Research Portfolio
ING MFS Total Return Portfolio
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING PIMCO Core Bond Portfolio
ING PIMCO High Yield Portfolio
ING Precious Metals Fund
ING PRIME RATE TRUST
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund IX
ING Principal Protection Fund V
----------
* Last updated August 21, 2003.
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Real Estate Fund
ING Russia Fund
ING Salomon Brothers All Cap Portfolio
ING Salomon Brothers Investors Portfolio
ING SENIOR INCOME FUND
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Stock Index Portfolio
ING Strategic Bond Fund
ING T. Rowe Price Capital Appreciation Portfolio
ING T. Rowe Price Equity Income Portfolio
ING Tax Efficient Equity Fund
ING UBS U.S. Balanced Portfolio
ING Van Kampen Equity Growth Portfolio
ING Van Kampen Global Franchise Portfolio
ING Van Kampen Growth and Income Portfolio
ING Van Kampen Real Estate Portfolio
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP Financial Services Portfolio
ING VP Growth + Value Portfolio
ING VP Growth Opportunities Portfolio
ING VP High Yield Bond Portfolio
ING VP International Portfolio
ING VP International SmallCap Growth Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP NATURAL RESOURCES TRUST
ING VP SmallCap Opportunities Portfolio
ING VP Worldwide Growth Portfolio
ING Worldwide Growth Fund
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
2
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
Fund For Life Series (1)
ING AIM Mid Cap Growth Portfolio (1)
ING Alliance Mid Cap Growth Portfolio (1)
ING American Funds Growth Portfolio (1)
ING American Funds Growth-Income Portfolio (1)
ING American Funds International Portfolio (1)
ING Capital Guardian Large Cap Value Portfolio (1)
ING Capital Guardian Managed Global Portfolio (1)
ING Capital Guardian Small Cap Portfolio (1)
ING Classic Money Market Fund
ING Convertible Fund
ING Developing World Portfolio (1)
ING Disciplined LargeCap Fund
ING Eagle Asset Value Equity Portfolio (1)
ING Emerging Countries Fund
ING Equity and Bond Fund
ING Financial Services Fund
ING FMR(SM) Diversified Mid Cap Portfolio (1)
ING Foreign Fund
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Select Portfolio - Series 1
ING GET U.S. Core Select Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING GNMA Income Fund
ING Goldman Sachs Internet Tollkeeper(SM) Portfolio (1)
ING Growth + Value Fund
ING Growth Opportunities Fund
ING Hard Assets Portfolio (1)
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING International Fund
ING International Portfolio (1)
ING International SmallCap Growth Fund
ING International Value Fund
ING Janus Growth and Income Portfolio (1)
ING Janus Special Equity Portfolio (1)
ING Jennison Equity Opportunities Portfolio (1)
ING JPMorgan Small Cap Equity Portfolio (1)
ING Julius Baer Foreign Portfolio (1)
ING LargeCap Growth Fund
ING LargeCap Value Fund
ING Lexington Money Market Trust
ING Limited Maturity Bond Portfolio (1)
ING Liquid Assets Portfolio (1)
ING MagnaCap Fund
ING Marsico Growth Portfolio (1)
ING Mercury Focus Value Portfolio (1)
ING Mercury Fundamental Growth Portfolio (1)
ING MFS Mid Cap Growth Portfolio (1)
ING MFS Research Portfolio (1)
ING MFS Total Return Portfolio (1)
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING PIMCO Core Bond Portfolio (1)
ING PIMCO High Yield Portfolio (1)
ING Precious Metals Fund
ING PRIME RATE TRUST
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
* Last updated November 11, 2003.
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Real Estate Fund
ING Russia Fund
ING Salomon Brothers All Cap Portfolio (1)
ING Salomon Brothers Investors Portfolio (1)
ING SENIOR INCOME FUND
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Stock Index Portfolio (1)
ING T. Rowe Price Capital Appreciation Portfolio (1)
ING T. Rowe Price Equity Income Portfolio (1)
ING Tax Efficient Equity Fund
ING UBS U.S. Balanced Portfolio (1)
ING Van Kampen Equity Growth Portfolio (1)
ING Van Kampen Global Franchise Portfolio (1)
ING Van Kampen Growth and Income Portfolio (1)
ING Van Kampen Real Estate Portfolio (1)
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP Financial Services Portfolio
ING VP Growth + Value Portfolio
ING VP Growth Opportunities Portfolio
ING VP High Yield Bond Portfolio
ING VP International Portfolio
ING VP International SmallCap Growth Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP NATURAL RESOURCES TRUST
ING VP SmallCap Opportunities Portfolio
ING VP Worldwide Growth Portfolio
ING Worldwide Growth Fund
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
2
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
FUNDS
Fund For Life Series (1)
ING AIM Mid Cap Growth Portfolio (1)
ING Alliance Mid Cap Growth Portfolio (1)
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING Capital Guardian Large Cap Value Portfolio (1)
ING Capital Guardian Managed Global Portfolio (1)
ING Capital Guardian Small Cap Portfolio (1)
ING Classic Money Market Fund
ING Convertible Fund
ING Developing World Portfolio (1)
ING Disciplined LargeCap Fund
ING Eagle Asset Capital Appreciation Portfolio (1)
ING Emerging Countries Fund
ING Equity and Bond Fund
ING Evergreen Health Sciences Portfolio
ING Evergreen Omega Portfolio
ING Financial Services Fund
ING FMR (SM) Diversified Mid Cap Portfolio (1)
ING Foreign Fund
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Select Portfolio - Series 1
ING GET U.S. Core Select Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING GNMA Income Fund
ING Goldman Sachs Internet Tollkeeper (SM) Portfolio (1)
ING Growth + Value Fund
ING Growth Opportunities Fund
ING Hard Assets Portfolio (1)
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING International Fund
ING International Portfolio (1)
ING International SmallCap Growth Fund
ING International Value Fund
ING Janus Special Equity Portfolio (1)
ING Jennison Equity Opportunities Portfolio (1)
ING JPMorgan Small Cap Equity Portfolio (1)
ING Julius Baer Foreign Portfolio (1)
ING LargeCap Growth Fund
ING LargeCap Value Fund
ING Legg Mason Value Portfolio (1)
ING Lexington Money Market Trust
ING Lifestyle Aggressive Growth Portfolio
ING Lifestyle Growth Portfolio
ING Lifestyle Moderate Growth Portfolio
ING Lifestyle Moderate Portfolio
ING Limited Maturity Bond Portfolio (1)
ING Liquid Assets Portfolio (1)
ING MagnaCap Fund
ING Marsico Growth Portfolio (1)
ING Mercury Focus Value Portfolio (1)
ING Mercury Fundamental Growth Portfolio (1)
ING MFS Mid Cap Growth Portfolio (1)
ING MFS Research Portfolio (1)
ING MFS Total Return Portfolio (1)
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING PIMCO Core Bond Portfolio (1)
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
ING PIMCO High Yield Portfolio (1)
ING Precious Metals Fund
ING PRIME RATE TRUST
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Real Estate Fund
ING Russia Fund
ING Salomon Brothers All Cap Portfolio (1)
ING Salomon Brothers Investors Portfolio (1)
ING SENIOR INCOME FUND
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Stock Index Portfolio (1)
ING T. Rowe Price Capital Appreciation Portfolio (1)
ING T. Rowe Price Equity Income Portfolio (1)
ING Tax Efficient Equity Fund
ING UBS U.S. Balanced Portfolio (1)
ING Van Kampen Equity Growth Portfolio (1)
ING Van Kampen Global Franchise Portfolio (1)
ING Van Kampen Growth and Income Portfolio (1)
ING Van Kampen Real Estate Portfolio (1)
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP Financial Services Portfolio
ING VP Growth + Value Portfolio
ING VP Growth Opportunities Portfolio
ING VP High Yield Bond Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP NATURAL RESOURCES TRUST
ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP Worldwide Growth Portfolio
ING Worldwide Growth Fund
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
2
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
FUNDS
Brokerage Cash Reserves
Fund For Life Series (1)
ING Aeltus Money Market Fund
ING AIM Mid Cap Growth Portfolio (1)
ING Alliance Mid Cap Growth Portfolio (1)
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING Balanced Fund
ING Bond Fund
ING Capital Guardian Large Cap Value Portfolio (1)
ING Capital Guardian Managed Global Portfolio (1)
ING Capital Guardian Small Cap Portfolio (1)
ING Classic Money Market Fund
ING Classic Principal Protection Fund I
ING Classic Principal Protection Fund II
ING Classic Principal Protection Fund III
ING Classic Principal Protection Fund IV
ING Convertible Fund
ING Developing World Portfolio (1)
ING Disciplined LargeCap Fund
ING Eagle Asset Capital Appreciation Portfolio (1)
ING Emerging Countries Fund
ING Equity and Bond Fund
ING Equity Income Fund
ING Evergreen Health Sciences Portfolio (1)
ING Evergreen Omega Portfolio (1)
ING Financial Services Fund
ING FMR (SM) Diversified Mid Cap Portfolio (1)
ING Foreign Fund
ING GET Fund - Series E
ING GET Fund - Series G
ING GET Fund - Series H
ING GET Fund - Series I
ING GET Fund - Series J
ING GET Fund - Series K
ING GET Fund - Series L
ING GET Fund - Series M
ING GET Fund - Series N
ING GET Fund - Series P
ING GET Fund - Series Q
ING GET Fund - Series R
ING GET Fund - Series S
ING GET Fund - Series T
ING GET Fund - Series U
ING GET Fund - Series V
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Portfolio - Series 7
ING GET U.S. Core Portfolio - Series 8
ING GET U.S. Core Portfolio - Series 9
ING GET U.S. Core Select Portfolio - Series 1
ING GET U.S. Core Select Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING Global Science and Technology Fund
ING GNMA Income Fund
ING Goldman Sachs Internet Tollkeeper (SM) Portfolio (1)
ING Government Fund
ING Growth Fund
ING Hard Assets Portfolio (1)
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Index Plus LargeCap Fund
ING Index Plus MidCap Fund
ING Index Plus Protection Fund
ING Index Plus SmallCap Fund
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
ING Intermediate Bond Fund
ING International Fund
ING International Growth Fund
ING International Portfolio (1)
ING International SmallCap Growth Fund
ING International Value Fund
ING Janus Special Equity Portfolio (1)
ING Jennison Equity Opportunities Portfolio (1)
ING JPMorgan Small Cap Equity Portfolio (1)
ING Julius Baer Foreign Portfolio (1)
ING LargeCap Growth Fund
ING LargeCap Value Fund
ING Legg Mason Value Portfolio (1)
ING Lexington Money Market Trust
ING Limited Maturity Bond Portfolio (1)
ING Liquid Assets Portfolio (1)
ING MagnaCap Fund
ING Marsico Growth Portfolio (1)
ING Mercury Focus Value Portfolio (1)
ING Mercury Large Cap Growth Portfolio (1)
ING MFS Mid Cap Growth Portfolio (1)
ING MFS Research Portfolio (1)
ING MFS Total Return Portfolio (1)
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING PIMCO Core Bond Portfolio (1)
ING PIMCO High Yield Portfolio (1)
ING Precious Metals Fund
ING Prime Rate Trust
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund IX
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Real Estate Fund
ING Russia Fund
ING Salomon Brothers All Cap Portfolio (1)
ING Salomon Brothers Investors Portfolio (1)
ING Senior Income Fund
ING Small Company Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Stock Index Portfolio (1)
ING Strategic Allocation Balanced Fund
ING Strategic Allocation Growth Fund
ING Strategic Allocation Income Fund
ING T. Rowe Price Capital Appreciation Portfolio (1)
ING T. Rowe Price Equity Income Portfolio (1)
ING Tax Efficient Equity Fund
ING UBS U.S. Balanced Portfolio (1)
ING Value Opportunity Fund
ING Van Kampen Equity Growth Portfolio (1)
ING Van Kampen Global Franchise Portfolio (1)
ING Van Kampen Growth and Income Portfolio (1)
ING Van Kampen Real Estate Portfolio (1)
ING VP Balanced Portfolio, Inc.
ING VP Bond Portfolio
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP Emerging Markets Fund, Inc.
ING VP Financial Services Portfolio
ING VP Global Science and Technology Portfolio
ING VP Growth and Income Portfolio
ING VP Growth Portfolio
ING VP High Yield Bond Portfolio
ING VP Index Plus LargeCap Portfolio
ING VP Index Plus MidCap Portfolio
ING VP Index Plus SmallCap Portfolio
ING VP International Equity Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP Money Market Portfolio
ING VP Natural Resources Trust
ING VP Real Estate Portfolio
ING VP Small Company Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP Strategic Allocation Balanced Portfolio
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
2
ING VP Strategic Allocation Growth Portfolio
ING VP Strategic Allocation Income Portfolio
ING VP Value Opportunity Portfolio
ING VP Worldwide Growth Portfolio
ING Worldwide Growth Fund
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
3
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
ING INVESTORS TRUST
ING AIM Mid Cap Growth Portfolio (1)
ING Alliance Mid Cap Growth Portfolio (1)
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING Capital Guardian Large Cap Value Portfolio (1)
ING Capital Guardian Managed Global Portfolio (1)
ING Capital Guardian Small Cap Portfolio (1)
ING Developing World Portfolio (1)
ING Eagle Asset Capital Appreciation Portfolio (1)
ING Evergreen Health Sciences Portfolio (1)
ING Evergreen Omega Portfolio (1)
ING FMRSM Diversified Mid Cap Portfolio (1)
ING Goldman Sachs Tollkeeper (SM) Portfolio (1)
ING Hard Assets Portfolio (1)
ING International Portfolio (1)
ING Janus Special Equity Portfolio (1)
ING Jennison Equity Opportunities Portfolio (1)
ING JPMorgan Small Cap Equity Portfolio (1)
ING Julius Baer Foreign Portfolio (1)
ING Legg Mason Value Portfolio (1)
ING Limited Maturity Bond Portfolio (1)
ING Liquid Assets Portfolio (1)
ING Marsico Growth Portfolio (1)
ING Mercury Focus Value Portfolio (1)
ING Mercury Large Cap Growth Portfolio (1)
ING MFS Mid Cap Growth Portfolio (1)
ING MFS Total Return Portfolio (1)
ING Oppenheimer Main Street Portfolio(R)(1)
ING PIMCO Core Bond Portfolio (1)
ING PIMCO High Yield Portfolio (1)
ING Pioneer Fund Portfolio (1)
ING Pioneer Mid Cap Value Portfolio (1)
ING Salomon Brothers All Cap Portfolio (1)
ING Salomon Brothers Investors Portfolio (1)
ING Stock Index Portfolio (1)
ING T. Rowe Price Capital Appreciation Portfolio (1)
ING T. Rowe Price Equity Income Portfolio (1)
ING UBS U.S. Balanced Portfolio (1)
ING Van Kampen Equity Growth Portfolio (1)
ING Van Kampen Global Franchise Portfolio (1)
ING Van Kampen Growth and Income Portfolio (1)
ING Van Kampen Real Estate Portfolio (1)
ING EQUITY TRUST
ING Convertible Fund
ING Disciplined LargeCap Fund
ING Equity and Bond Fund
ING Financial Services Fund
ING LargeCap Value Fund
ING LargeCap Growth Fund
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Principal Protection Fund XII
ING Principal Protection Fund XIII
ING Principal Protection Fund XIV
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING Tax Efficient Equity Fund
ING FUNDS TRUST
ING Classic Money Market Fund
ING GNMA Income Fund
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING Lexington Money Market Trust
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING INVESTMENT FUNDS, INC.
ING MagnaCap Fund
ING MAYFLOWER TRUST
ING International Value Fund
ING MUTUAL FUNDS
ING Emerging Countries Fund
ING Foreign Fund
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING International Fund
ING International SmallCap Growth Fund
ING Precious Metals Fund
ING Russia Fund
ING Worldwide Growth Fund
ING PRIME RATE TRUST
ING SENIOR INCOME FUND
ING VARIABLE INSURANCE TRUST
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Portfolio - Series 7
ING GET U.S. Core Portfolio - Series 8
ING GET U.S. Core Portfolio - Series 9
ING GET U.S. Core Select Portfolio - Series 1
ING GET U.S. Core Select Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING VP Worldwide Growth Portfolio
ING VARIABLE PRODUCTS TRUST
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP Financial Services Portfolio
ING VP High Yield Bond Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP NATURAL RESOURCES TRUST
USLICO SERIES FUND
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
ING GET FUND
ING GET Fund - Series G
ING GET Fund - Series H
ING GET Fund - Series I
ING GET Fund - Series J
ING GET Fund - Series K
ING GET Fund - Series L
ING GET Fund - Series M
ING GET Fund - Series N
ING GET Fund - Series P
ING GET Fund - Series Q
ING GET Fund - Series R
ING GET Fund - Series S
ING GET Fund - Series T
ING GET Fund - Series U
ING GET Fund - Series V
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
2
ING SERIES FUND, INC.
Brokerage Cash Reserves
ING Aeltus Money Market Fund
ING Balanced Fund
ING Classic Principal Protection Fund II
ING Classic Principal Protection Fund III
ING Classic Principal Protection Fund IV
ING Equity Income Fund
ING Global Science and Technology Fund
ING Government Fund
ING Growth Fund
ING Index Plus LargeCap Fund
ING Index Plus MidCap Fund
ING Index Plus Protection Fund
ING Index Plus SmallCap Fund
ING International Growth Fund
ING Small Company Fund
ING Strategic Allocation Balanced Fund
ING Strategic Allocation Growth Fund
ING Strategic Allocation Income Fund
ING Value Opportunity Fund
ING STRATEGIC ALLOCATION PORTFOLIOS, INC.
ING VP Strategic Allocation Balanced Portfolio
ING VP Strategic Allocation Growth Portfolio
ING VP Strategic Allocation Income Portfolio
ING VARIABLE FUNDS
ING VP Growth and Income Portfolio
ING VARIABLE PORTFOLIOS, INC.
ING VP Global Science and Technology Portfolio
ING VP Growth Portfolio
ING VP Index Plus LargeCap Portfolio
ING VP Index Plus MidCap Portfolio
ING VP Index Plus SmallCap Portfolio
ING VP International Equity Portfolio
ING VP Small Company Portfolio
ING VP Value Opportunity Portfolio
ING VP BALANCED PORTFOLIO, INC. ING
VP INTERMEDIATE BOND PORTFOLIO ING
VP MONEY MARKET PORTFOLIO
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
3
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
ING INVESTORS TRUST
ING AIM Mid Cap Growth Portfolio (1)
ING Alliance Mid Cap Growth Portfolio (1)
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING Capital Guardian Large Cap Value Portfolio (1)
ING Capital Guardian Managed Global Portfolio (1)
ING Capital Guardian Small Cap Portfolio (1)
ING Developing World Portfolio (1)
ING Eagle Asset Capital Appreciation Portfolio (1)
ING Evergreen Health Sciences Portfolio (1)
ING Evergreen Omega Portfolio (1)
ING FMR (SM) Diversified Mid Cap Portfolio (1)
ING FMR(SM) Earnings Growth Portfolio
ING Goldman Sachs Tollkeeper (SM) Portfolio (1)
ING Hard Assets Portfolio (1)
ING International Portfolio (1)
ING Janus Special Equity Portfolio (1)
ING Jennison Equity Opportunities Portfolio (1)
ING JPMorgan Small Cap Equity Portfolio (1)
ING Julius Baer Foreign Portfolio (1)
ING Legg Mason Value Portfolio (1)
ING Limited Maturity Bond Portfolio (1)
ING Liquid Assets Portfolio (1)
ING Marsico Growth Portfolio (1)
ING Marsico International Opportunities Portfolio
ING Mercury Focus Value Portfolio (1)
ING Mercury Large Cap Growth Portfolio (1)
ING MFS Mid Cap Growth Portfolio (1)
ING MFS Total Return Portfolio (1)
ING Oppenheimer Main Street Portfolio(R)(1)
ING PIMCO Core Bond Portfolio (1)
ING PIMCO High Yield Portfolio (1)
ING Pioneer Fund Portfolio (1)
ING Pioneer Mid Cap Value Portfolio (1)
ING Salomon Brothers All Cap Portfolio (1)
ING Salomon Brothers Investors Portfolio (1)
ING Stock Index Portfolio (1)
ING T. Rowe Price Capital Appreciation Portfolio (1)
ING T. Rowe Price Equity Income Portfolio (1)
ING UBS U.S. Balanced Portfolio (1)
ING Van Kampen Equity Growth Portfolio (1)
ING Van Kampen Global Franchise Portfolio (1)
ING Van Kampen Growth and Income Portfolio (1)
ING Van Kampen Real Estate Portfolio (1)
ING EQUITY TRUST
ING Convertible Fund
ING Disciplined LargeCap Fund
ING Equity and Bond Fund
ING Financial Services Fund
ING LargeCap Value Fund
ING LargeCap Growth Fund
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING MidCap Value Choice Fund
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Principal Protection Fund XII
ING Principal Protection Fund XIII
ING Principal Protection Fund XIV
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Fund
ING SmallCap Value Choice Fund
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
ING FUNDS TRUST
ING Classic Money Market Fund
ING GNMA Income Fund
ING High Yield Bond Fund
ING Intermediate Bond Fund
ING Lexington Money Market Trust
ING Money Market Fund
ING National Tax-Exempt Bond Fund
ING INVESTMENT FUNDS, INC.
ING MagnaCap Fund
ING MAYFLOWER TRUST
ING International Value Fund
ING MUTUAL FUNDS
ING Emerging Countries Fund
ING Foreign Fund
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING Global Value Choice Fund
ING International Fund
ING International SmallCap Growth Fund
ING Precious Metals Fund
ING Russia Fund
ING Worldwide Growth Fund
ING PRIME RATE TRUST
ING SENIOR INCOME FUND
ING VARIABLE INSURANCE TRUST
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Portfolio - Series 7
ING GET U.S. Core Portfolio - Series 8
ING GET U.S. Core Portfolio - Series 9
ING GET U.S. Core Select Portfolio - Series 1
ING GET U.S. Core Select Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING VP Worldwide Growth Portfolio
ING VARIABLE PRODUCTS TRUST
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
ING VP Financial Services Portfolio
ING VP High Yield Bond Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP NATURAL RESOURCES TRUST
USLICO SERIES FUND
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
----------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of Blanket Bond premium allocated to
the Fund under the Agreement will be borne directly by Directed Services,
Inc. as provided in the Management Agreement.
2
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT-BLANKET BOND
ING EQUITY TRUST
ING Convertible Fund
ING Disciplined LargeCap Fund
ING Equity and Bond Fund
ING Financial Services Fund
ING LargeCap Value Fund
ING LargeCap Growth Fund
ING MidCap Opportunities Fund
ING MidCap Value Choice Fund
ING MidCap Value Fund
ING Principal Protection Fund
ING Principal Protection Fund II
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Principal Protection Fund XII
ING Principal Protection Fund XIII
ING Principal Protection Fund XIV
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Choice Fund
ING SmallCap Value Fund
ING FUNDS TRUST
ING Classic Money Market Fund
ING GNMA Income Fund
ING High Yield Bond Fund
ING High Yield Opportunity Fund
ING Intermediate Bond Fund
ING National Tax-Exempt Bond Fund
ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
ING INVESTORS TRUST
ING AIM Mid Cap Growth Portfolio (1)
ING Alliance Mid Cap Growth Portfolio (1)
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING Capital Guardian Large Cap Value Portfolio (1)
ING Capital Guardian Managed Global Portfolio (1)
ING Capital Guardian Small/Mid Cap Portfolio (1)
ING Eagle Asset Capital Appreciation Portfolio (1)
ING Evergreen Health Sciences Portfolio (1)
ING Evergreen Omega Portfolio (1)
ING FMR (SM) Diversified Mid Cap Portfolio (1)
ING FMR (SM) Earnings Growth Portfolio
ING Goldman Sachs Tollkeeper (SM) Portfolio (1)
ING Hard Assets Portfolio (1)
ING International Portfolio (1)
ING Janus Contrarian Portfolio (1)
ING Jennison Equity Opportunities Portfolio (1)
ING JPMorgan Emerging Markets Equity Portfolio (1)
ING JPMorgan Small Cap Equity Portfolio (1)
ING JPMorgan Value Opportunities Portfolio
ING Julius Baer Foreign Portfolio (1)
ING Legg Mason Value Portfolio (1)
ING Limited Maturity Bond Portfolio (1)
ING Liquid Assets Portfolio (1)
ING Marsico Growth Portfolio (1)
ING Marsico International Opportunities Portfolio
ING Mercury Focus Value Portfolio (1)
ING Mercury Large Cap Growth Portfolio (1)
ING MFS Mid Cap Growth Portfolio (1)
ING MFS Total Return Portfolio (1)
ING MFS Utilities Portfolio
ING Oppenheimer Main Street Portfolio(R)(1)
------------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of SCAS Fees allocated to the Fund
under the Agreement will be borne directly by Directed Services, Inc. as
provided in the Management Agreement.
1
ING PIMCO Core Bond Portfolio (1)
ING PIMCO High Yield Portfolio (1)
ING Pioneer Fund Portfolio (1)
ING Pioneer Mid Cap Value Portfolio (1)
ING Salomon Brothers All Cap Portfolio (1)
ING Salomon Brothers Investors Portfolio (1)
ING Stock Index Portfolio (1)
ING T. Rowe Price Capital Appreciation Portfolio (1)
ING T. Rowe Price Equity Income Portfolio (1)
ING UBS U.S. Balanced Portfolio (1)
ING Van Kampen Equity Growth Portfolio (1)
ING Van Kampen Global Franchise Portfolio (1)
ING Van Kampen Growth and Income Portfolio (1)
ING Van Kampen Real Estate Portfolio (1)
ING INVESTMENT FUNDS, INC.
ING MagnaCap Fund
ING MAYFLOWER TRUST
ING International Value Fund
ING MUTUAL FUNDS
ING Emerging Countries Fund
ING Foreign Fund
ING Global Equity Dividend Fund
ING Global Real Estate Fund
ING Global Value Choice Fund
ING International Fund
ING International SmallCap Fund
ING International Value Choice Fund
ING Precious Metals Fund
ING Russia Fund
ING PARTNERS, INC.
ING American Century Select Portfolio
ING American Century Small Cap Value Portfolio
ING Baron Small Cap Growth Portfolio
ING Fidelity (R) VIP Contrafund(R) Portfolio
ING Fidelity (R) VIP Equity Income Portfolio
ING Fidelity (R) VIP Growth Portfolio
ING Fidelity (R) VIP Mid Cap Portfolio
ING Fundamental Research Portfolio
ING Goldman Sachs (R) Capital Growth Portfolio
ING Goldman Sachs (R) Core Equity Portfolio
ING JPMorgan Fleming International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING MFS Capital Opportunities Portfolio
ING OpCap Balanced Value Portfolio
ING Oppenheimer Global Portfolio
ING Oppenheimer Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Salomon Brothers Aggressive Growth Portfolio
ING Salomon Brothers Fundamental Value Portfolio
ING Salomon Brothers Investors Value Portfolio
ING Salomon Brothers Large Cap Growth Portfolio
ING T. Rowe Price Diversified Mid Cap Growth Portfolio
ING T. Rowe Price Growth Equity Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING Van Kampen Comstock Portfolio
ING Van Kampen Equity and Income Portfolio
ING PRIME RATE TRUST
ING SENIOR INCOME FUND
ING VARIABLE INSURANCE TRUST
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Portfolio - Series 7
ING GET U.S. Core Portfolio - Series 8
ING GET U.S. Core Portfolio - Series 9
ING GET U.S. Core Select Portfolio - Series 1
ING GET U.S. Core Select Portfolio - Series 2
ING GET U.S. Opportunity Portfolio - Series 1
ING GET U.S. Opportunity Portfolio - Series 2
ING VP Worldwide Growth Portfolio
ING VARIABLE PRODUCTS TRUST
ING VP Convertible Portfolio
ING VP Disciplined LargeCap Portfolio
------------
1 Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of SCAS Fees allocated to the Fund
under the Agreement will be borne directly by Directed Services, Inc. as
provided in the Management Agreement.
2
ING VP Financial Services Portfolio
ING VP High Yield Bond Portfolio
ING VP International Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP MagnaCap Portfolio
ING VP MidCap Opportunities Portfolio
ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP EMERGING MARKETS FUND, INC.
ING VP NATURAL RESOURCES TRUST
USLICO SERIES FUND
The Asset Allocation Portfolio
The Bond Portfolio
The Money Market Portfolio
The Stock Portfolio
-------------
1 Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, Inc., the Fund is subject to a unified fee
arrangement. Accordingly, the portion of SCAS Fees allocated to the Fund
under the Agreement will be borne directly by Directed Services, Inc. as
provided in the Management Agreement.
3
AMENDED SCHEDULE A
WITH RESPECT TO THE
ALLOCATION AGREEMENT - BLANKET BOND
ING ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND
ING EQUITY TRUST
ING Financial Services Fund
ING Fundamental Research Fund
ING Index Plus LargeCap Equity Fund
ING Index Plus LargeCap Equity Fund II
ING LargeCap Growth Fund
ING LargeCap Value Fund
ING MidCap Opportunities Fund
ING MidCap Value Fund
ING Principal Protection Fund III
ING Principal Protection Fund IV
ING Principal Protection Fund V
ING Principal Protection Fund VI
ING Principal Protection Fund VII
ING Principal Protection Fund VIII
ING Principal Protection Fund IX
ING Principal Protection Fund X
ING Principal Protection Fund XI
ING Principal Protection Fund XII
ING Real Estate Fund
ING SmallCap Opportunities Fund
ING SmallCap Value Choice Fund
ING SmallCap Value Fund
ING Value Choice Fund
ING FUNDS TRUST
ING Classic Money Market Fund
ING GNMA Income Fund
ING High Yield Bond Fund
ING Institutional Prime Money Market Fund
ING Intermediate Bond Fund
ING National Tax-Exempt Bond Fund
ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND
ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
ING INVESTMENT FUNDS, INC.
ING MagnaCap Fund
ING INVESTORS TRUST
ING AllianceBernstein Mid Cap Growth Portfolio (1)
ING American Funds Growth Portfolio
ING American Funds Growth-Income Portfolio
ING American Funds International Portfolio
ING BlackRock Inflation Protected Bond Portfolio
ING BlackRock Large Cap Growth Portfolio (1)
ING BlackRock Large Cap Value Portfolio (1)
ING Capital Guardian Small/Mid Cap Portfolio (1)
ING Capital Guardian U.S. Equities Portfolio (1)
ING Disciplined Small Cap Value Portfolio
ING EquitiesPlus Portfolio
ING Evergreen Health Sciences Portfolio (1)
ING Evergreen Omega Portfolio (1)
ING FMR (SM) Diversified Mid Cap Portfolio (1)
ING FMR (SM) Large Cap Growth Portfolio (1)
ING FMR (SM) Mid Cap Growth Portfolio (1)
ING Franklin Income Portfolio (1)
ING Franklin Mutual Shares Portfolio (1)
ING Franklin Templeton Founding Strategy Portfolio
ING Global Real Estate Portfolio
ING Global Resources Portfolio (1)
ING Global Technology Portfolio (1)
ING International Growth Opportunities Portfolio (1)
ING Janus Contrarian Portfolio (1)
ING JPMorgan Emerging Markets Equity Portfolio (1)
ING JPMorgan Small Cap Core Equity Portfolio (1)
------------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, LLC, the Fund is subject to a unified fee
arrangement. Accordingly, the portion of SCAS Fees allocated to the Fund
under the Agreement will be borne directly by Directed Services, LLC as
provided in the Management Agreement.
1
ING JPMorgan Value Opportunities Portfolio (1)
ING Julius Baer Foreign Portfolio (1)
ING Legg Mason Value Portfolio (1)
ING LifeStyle Aggressive Growth Portfolio
ING LifeStyle Growth Portfolio
ING LifeStyle Moderate Growth Portfolio
ING LifeStyle Moderate Portfolio
ING Limited Maturity Bond Portfolio (1)
ING Liquid Assets Portfolio (1)
ING Lord Abbett Affiliated Portfolio (1)
ING MarketPro Portfolio
ING MarketStyle Growth Portfolio
ING MarketStyle Moderate Portfolio
ING MarketStyle Moderate Growth Portfolio
ING Marsico Growth Portfolio (1)
ING Marsico International Opportunities Portfolio
ING MFS Total Return Portfolio (1)
ING MFS Utilities Portfolio
ING Oppenheimer Main Street Portfolio(R)(1)
ING PIMCO Core Bond Portfolio (1)
ING PIMCO High Yield Portfolio (1)
ING Pioneer Equity Income Portfolio
ING Pioneer Fund Portfolio (1)
ING Pioneer Mid Cap Value Portfolio (1)
ING Stock Index Portfolio (1)
ING T. Rowe Price Capital Appreciation Portfolio (1)
ING T. Rowe Price Equity Income Portfolio (1)
ING Templeton Global Growth Portfolio (1)
ING UBS U.S. Allocation Portfolio (1)
ING Van Kampen Capital Growth Portfolio (1)
ING Van Kampen Global Franchise Portfolio (1)
ING Van Kampen Growth and Income Portfolio (1)
ING Van Kampen Real Estate Portfolio (1)
ING VP Index Plus International Equity Portfolio
ING Wells Fargo Disciplined Value Portfolio (1)
ING Wells Fargo Small Cap Disciplined Portfolio
ING MAYFLOWER TRUST
ING International Value Fund
ING MUTUAL FUNDS
ING Disciplined International SmallCap Fund
ING Diversified International Fund
ING Emerging Countries Fund
ING Emerging Markets Fixed Income Fund
ING Foreign Fund
ING Global Bond Fund
ING Global Equity Dividend Fund
ING Global Natural Resources Fund
ING Global Real Estate Fund
ING Global Value Choice Fund
ING Greater China Fund
ING Index Plus International Equity Fund
ING International Capital Appreciation Fund
ING International Equity Dividend Fund
ING International Growth Opportunities Fund
ING International Real Estate Fund
ING International SmallCap Fund
ING International Value Choice Fund
ING International Opportunities Fund
ING Russia Fund
ING PARTNERS, INC.
ING American Century Large Company Value Portfolio
ING American Century Small-Mid Cap Value Portfolio
ING Baron Asset Portfolio
ING Baron Small Cap Growth Portfolio
ING Columbia Small Cap Value II Portfolio
ING Davis Venture Value Portfolio
ING Fidelity (R) VIP Contrafund (R) Portfolio
ING Fidelity (R) VIP Equity-Income Portfolio
ING Fidelity (R) VIP Growth Portfolio
ING Fidelity (R) VIP Mid Cap Portfolio
ING Fundamental Research Portfolio
ING JPMorgan International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING Legg Mason Partners Aggressive Growth Portfolio
ING Legg Mason Partners Large Cap Growth Portfolio
ING Lord Abbett U.S. Government Securities Portfolio
ING Neuberger Berman Partners Portfolio
ING Neuberger Berman Regency Portfolio
------------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, LLC, the Fund is subject to a unified fee
arrangement. Accordingly, the portion of SCAS Fees allocated to the Fund
under the Agreement will be borne directly by Directed Services, LLC as
provided in the Management Agreement.
2
ING OpCap Balanced Value Portfolio
ING Oppenheimer Global Portfolio
ING Oppenheimer Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Pioneer High Yield Portfolio
ING Solution 2015 Portfolio
ING Solution 2025 Portfolio
ING Solution 2035 Portfolio
ING Solution 2045 Portfolio
ING Solution Income Portfolio
ING T. Rowe Price Diversified Mid Cap Growth Portfolio
ING T. Rowe Price Growth Equity Portfolio
ING Templeton Foreign Equity Portfolio
ING Thornburg Value Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING UBS U.S. Small Cap Growth Portfolio
ING Van Kampen Comstock Portfolio
ING Van Kampen Equity and Income Portfolio
ING PRIME RATE TRUST
ING RISK MANAGED NATURAL RESOURCES FUND
ING SENIOR INCOME FUND
ING SEPARATE PORTFOLIOS TRUST
ING SPorts Core Fixed Income Fund
ING SPorts Core Plus Fixed Income Fund
ING VARIABLE INSURANCE TRUST
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING GET U.S. Core Portfolio - Series 3
ING GET U.S. Core Portfolio - Series 4
ING GET U.S. Core Portfolio - Series 5
ING GET U.S. Core Portfolio - Series 6
ING GET U.S. Core Portfolio - Series 7
ING GET U.S. Core Portfolio - Series 8
ING GET U.S. Core Portfolio - Series 9
ING GET U.S. Core Portfolio - Series 10
ING GET U.S. Core Portfolio - Series 11
ING GET U.S. Core Portfolio - Series 12
ING GET U.S. Core Portfolio - Series 13
ING GET U.S. Core Portfolio - Series 14
ING VP Global Equity Dividend Portfolio
ING VARIABLE PRODUCTS TRUST
ING VP Financial Services Portfolio
ING VP High Yield Bond Portfolio
ING VP International Value Portfolio
ING VP MidCap Opportunities Portfolio
ING VP Real Estate Portfolio
ING VP SmallCap Opportunities Portfolio
------------
(1) Under the terms of the Management Agreement between ING Investors Trust
and Directed Services, LLC, the Fund is subject to a unified fee
arrangement. Accordingly, the portion of SCAS Fees allocated to the Fund
under the Agreement will be borne directly by Directed Services, LLC as
provided in the Management Agreement.
3
40724 Ed.12-90 Printed in U.S.A. INSURED COPY Page 1
DELIVERY INVOICE
Company: St. Paul Fire & Marine Insurance Company
INSURED
ING FAMILY OF FUNDS
7337 E. DOUBLETREE RANCH RD.
SCOTTSDALE AZ 85258
Policy Inception/Effective Date: 10/01/08
Agency Number: 3142624
Transaction Type:
RENEWAL
Transaction number:
Processing date: 10/11/2008
Policy Number: 490PB2056
AGENT
Matt McDonald
Marsh USA
1166 Avenue of the Americas
New York, NY 10036
Policy Surtax/
Number Description Amount Surcharge
490PB2056 ICBB $13,750
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
40724 Ed.12-90 Printed in U.S.A. INSURED COPY Page 2
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
ND044 Rev. 1-08 Page 1 of 1
IMPORTANT NOTICE - INDEPENDENT AGENT AND BROKER COMPENSATION
NO COVERAGE IS PROVIDED BY THIS NOTICE. THIS NOTICE DOES NOT AMEND ANY PROVISION
OF YOUR POLICY. YOU SHOULD REVIEW YOUR ENTIRE POLICY CAREFULLY FOR COMPLETE
INFORMATION ON THE COVERAGES PROVIDED AND TO DETERMINE YOUR RIGHTS AND DUTIES
UNDER YOUR POLICY.
PLEASE CONTACT YOUR AGENT OR BROKER IF YOU HAVE ANY QUESTIONS ABOUT THIS NOTICE
OR ITS CONTENTS. IF THERE IS ANY CONFLICT BETWEEN YOUR POLICY AND THIS NOTICE,
THE PROVISIONS OF YOUR POLICY PREVAIL.
For information about how Travelers compensates independent agents and brokers,
please visit www.travelers.com, call our toll-free telephone number,
1-866-904-8348, or you may request a written copy from Marketing at One Tower
Square, 2GSA, Hartford, CT 06183.
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
ND059 Ed. 11-06 -1- 2006 The St. Paul Travelers Companies, Inc. All Rights
Reserved HOW TO REPORT LOSSES, CLAIMS, OR POTENTIAL CLAIMS TO TRAVELERS
Reporting new losses, claims, or potential claims promptly can be critical. It
helps to resolve covered losses or claims as quickly as possible and often
reduces the overall cost.
Prompt reporting:
better protects the interests of all parties; helps Travelers
to try to resolve losses or claims more quickly; and often reduces the overall
cost of a loss or claim - losses or claims reported more than five days after
they happen cost on average 35% more than those reported earlier.
Report losses, claims, or potential claims to Travelers easily and quickly by
fax, U S mail, or email.
FAX
Use this number to report a loss, claim, or potential claim by fax toll free.
1-888-460-6622
40724 Ed.12-90 Printed in U.S.A. INSURED COPY Page 1
US MAIL
Use this address to report a loss, claim, or potential claim by U S Mail.
Bond-FPS Claims Department
Travelers
Mail Code NB08F
385 Washington Street
Saint Paul, Minnesota 55102
EMAIL
Use this address to report a loss, claim, or potential claim by email.
Pro.E&O.Claim.Reporting@SPT.com
This is a general description of how to report a loss, claim, or potential claim
under this policy or bond. This description does not replace or add to the terms
of this policy or bond. The policy or bond alone determines the scope of
coverage. Please read it carefully for complete information on coverage. Contact
your agent or broker if you have any questions about coverage.
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
40705 Ed.5-84 Form List
St.Paul Fire and Marine Insurance Co.1995 Page 2
POLICY FORM LIST
Here's a list of all forms included in your policy, on the date shown below.
These forms are listed in the same order as they appear in your policy.
Title Form Number Edition Date
Policy Form List 40705 05-84
Excess Follow Form XS100 05-05
Name of Insured Policy Number 490PB2056 Effective Date 10/01/08 ING FAMILY OF
FUNDS Processing Date 12/03/08 16:04 001 The hard copy of the bond issued by the
Underwriter will be referenced in the event of a loss
Page 2
St.Paul Fire and Marine Insurance Co.1995
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
XS100 Ed. 5-05
Page 1 of 5 2005 The Travelers Companies, Inc.
X ST. PAUL FIRE AND MARINE INSURANCE COMPANY
ST. PAUL MERCURY INSURANCE COMPANY
ST. PAUL GUARDIAN INSURANCE COMPANY
A Capital Stock Company
EXCESS FOLLOW FORM
TRAVELERS FORM
DECLARATIONS: Excess Follow Form Number: 490PB2056
The Company designated above (herein called Underwriter) issues this Excess
Follow Form to:
Item 1.
Named Insured:
ING Family of Funds
7337 E.Doubletree Ranch RD
Scottsdale, AZ 85258
(herein called Insured).
Item 2.
Excess Follow Form Period: The Excess Follow Form Period shall be effective at
12:01 A.M. on 10/01/2008 and expire at 12:01 A.M. on 10/01/2009 local time as to
each of said dates, subject to Section 5. of the Terms, Conditions and
Limitations of this Excess Follow Form.
Item 3. Single Loss Limit of Liability: $5,000,000
Item 4. Aggregate Limit of Liability: $5,000,000
Item 5. Schedule of Underlying Insurance:
(A) 1. Underlying Insurer: Federal Insurance Company
2. Bond or Policy Number: 81905981
3. Bond or Policy Period: From: 10/01/2008 To: 10/01/2009
4. Limit of Liability: Single Loss Limit of Liability $25,000,000
Aggregate Limit of Liability $25,000,000
5. Single Loss Deductible: $25,000
(B) 1. Underlying Insurer:
2. Bond or Policy Number:
3. Bond or Policy Period: From: To:
4. Limit of Liability: Single Loss Limit of Liability Aggregate
Limit of Liability
(C) 1. Underlying Insurer:
2. Bond or Policy Number:
3. Bond or Policy Period: From: To:
4. Limit of Liability: Single Loss Limit of Liability Aggregate
Limit of Liability
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
XS100 Ed. 5-05
Page 2 of 5 2005 The Travelers Companies, Inc.
(D) 1. Underlying Insurer:
2. Bond or Policy Number:
3. Bond or Policy Period: From: To:
4. Limit of Liability: Single Loss Limit of Liability Aggregate
Limit of Liability
Item 6. Total amount of Underlying Single Loss Limit of Liability
The total amount of Underlying Single Loss Limit of Liability is $25,000,000
plus any Single Loss Deductible under the Bond or Policy identified in Item 5.
(A) of the Declarations of this Excess Follow Form.
Item 7. Total amount of Underlying Aggregate Limit of Liability each Excess
Follow Form
Period The total amount of Underlying Aggregate Limit of Liability
each Excess Follow Form Period is $25,000,000 plus any Single Loss Deductible
under the Bond or Policy identified in Item 5. (A) of the Declarations of this
Excess Follow Form.
Item 8. Subject to the Declarations, Insuring Clause, Terms, Conditions and
Limitations and Endorsements of this Excess Follow Form and as excepted below,
this Excess Follow Form follows the form of:
Insurer's Name: Federal Insurance Company
Bond or Policy Number: 81905981
Effective Date: 10/01/2008
Except as provided below:
Item 9. The Insured, by acceptance of this Excess Follow Form, gives notice to
the Underwriter terminating or canceling prior Bond or Policy Numbers NA
such termination or cancellation to be effective as of the time this Excess
Follow Form becomes effective.
Item 10. The liability of the Underwriter is subject to the terms of the
following endorsements attached hereto: NA
Executed this 14th day of October, 2008. Countersigned
/s/Bruce Backberg, Secretary
/s/Brian MacLean, President
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
38
XS100 Ed. 5-05
Page 3 of 5 2005 The Travelers Companies, Inc.
EXCESS FOLLOW FORM
Travelers Form
INSURING CLAUSE
In consideration of the payment of the premium, and in reliance upon
completeness and accuracy of the statements and disclosures made to the
Underwriter and any issuer of Underlying Insurance by application, including all
attachments, subject to the Declarations, Insuring Clause, Terms, Conditions and
Limitations and Endorsements of this Excess Follow Form, this Excess Follow Form
is subject to the same Insuring Clause(s), Terms, Conditions and Limitations and
Endorsements as provided by the Bond or Policy identified in Item 8. of the
Declarations of this Excess Follow Form. In no event shall this Excess Follow
Form provide broader coverage than would be provided by the most restrictive
Underlying Insurance.
This Excess Follow Form is not subject to the same premium
or the Limit of Liability of the Bond or Policy identified in Item 8. of the
Declarations.
TERMS, CONDITIONS AND LIMITATIONS
Section 1. Underlying Coverage
A. The Insured(s) shall notify the Underwriter in writing, as soon as
practicable, of a failure to maintain in full force and effect, without
alteration, the coverage and provisions of the Bond(s) or Policy(ies) identified
in Item 5. of the Declarations.
B. In the event there is no recovery available to the Insured as a result of the
insolvency of any Underlying Insurer or the Insured's failure to comply with the
maintenance of any Underlying Insurance, the coverage hereunder shall apply as
excess of the amount of all Underlying Insurance plus the amount of any
applicable deductible to the same extent as if the Underlying Insurance were
maintained in full force and effect.
C. If the coverage and provisions of the Bond or Policy identified in Item 8. of
the Declarations are altered, the Insured shall, as soon as practicable, give
the Underwriter written notice of such alteration(s); and upon receipt of
written consent to such alteration(s) from the Underwriter, the Insured shall
pay any additional premium required by the Underwriter. This Excess Follow Form
shall not follow the form of any alteration(s) to the Bond or Policy identified
in Item 8. of the Declarations unless such written notice thereof is given by
the Insured(s) to the Underwriter, the Underwriter gives written consent to such
alteration(s) and the Insured(s) pay(s) any additional premium required by the
Underwriter.
D. Except as provided in Sections 2.D. and 2.E. below, in no event shall the
Underwriter be liable to pay loss under this Excess Follow Form until the total
amount of the Underlying Single Loss Limit of Liability as stated in Item 6. of
the Declarations has been exhausted solely by reason of the payment of loss by
the Underlying Insurer(s) as covered loss under the applicable Underlying
Insurance.
E. Any claim, loss or coverage that is subject to a Sublimit in any Underlying
Insurance shall not be considered covered loss under this Excess Follow Form,
but shall, for purposes of this Excess Follow Form, reduce or exhaust the
Underlying Limit of Liability to the extent such payment reduces or exhausts the
aggregate limit(s) of liability of such Underlying Insurance.
Section 2. Limit of Liability
A. Payment by the Underwriter of loss covered under this Excess Follow Form
shall reduce the Aggregate Limit of Liability of this Excess Follow Form set
forth in Item 4. of the Declarations. In the event of exhaustion of the
Aggregate Limit of Liability of this Excess Follow Form set forth in Item 4. of
the Declarations, the Underwriter shall be relieved of all further liability
under this Excess Follow Form.
B. The Underwriter's maximum liability for a Single Loss covered under this
Excess Follow Form shall not exceed the amount of the Single Loss Limit of
Liability stated in Item 3. of the Declarations. Also, the Underwriter's maximum
liability for all loss(es) in the aggregate covered under this Excess Follow
Form shall not exceed the amount of the Aggregate Limit of Liability stated in
Item 4. of the Declarations, which shall be the maximum liability of the
Underwriter in the Excess Follow Form Period stated in Item 2. of the
Declarations.
C. Except as provided in Sections 2.D. and 2.E. below, the Underwriter shall
only be liable to make payment for a Single Loss covered under this Excess
Follow Form after the total amount of the Underlying Single Loss Limit of
Liability as stated in Item 6. of the Declarations has been paid solely by
reason of the payment of loss by the Underlying Insurer(s) as covered loss under
the applicable Underlying Insurance.
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
XS100 Ed. 5-05
Page 4 of 5 2005 The Travelers Companies, Inc.
D. In the event the total amount of the Underlying Aggregate Limit of Liability
as stated in Item 7. of the Declarations is reduced solely by reason of the
payment of covered loss by any Underlying Insurer to an amount less than the
total amount of the Underlying Single Loss Limit of Liability as stated in Item
6. of the Declarations, this Excess Follow Form shall pay covered loss excess of
the reduced total amount of Underlying Aggregate Limit of Liability, but not to
exceed the amount of the Single Loss Limit of Liability stated in Item 3. of the
Declarations, and subject always to the remaining Aggregate Limit of Liability
of this Excess Follow Form.
E. In the event of exhaustion of the total amount of Underlying Aggregate Limit
of Liability as set forth in Item 7. of the Declarations, solely by reason of
the payment of covered loss by the Underlying Insurer(s), this Excess Follow
Form shall continue in force as primary insurance, provided always that this
policy shall only pay covered loss excess over any retention or deductible
amount otherwise applicable under the Underlying Insurance scheduled in Item 5.
(A) of the Declarations, such amount not to exceed the Single Loss Limit of
Liability stated in Item 3. of the Declarations and subject always to the
remaining Aggregate Limit of Liability of this Excess Follow Form.
Section 3. Joint Insureds
If two or more Insureds are covered under this Excess Follow Form, the first
named Insured shall act for all Insureds. Payment by the Underwriter to the
first named Insured or to any named Insured of loss covered under this Excess
Follow Form shall fully release the Underwriter on account of such loss. The
liability of the Underwriter for loss(es) sustained by all Insureds shall not
exceed the amount for which the Underwriter would have been liable had all such
loss(es) been sustained by one Insured.
Section 4. Notice / Proof of Loss - Legal Proceedings Against Underwriter
A. The Insured(s) shall, within the time and manner prescribed in the Bond or
Policy identified in Item 8. of the Declarations, give the Underwriter notice of
any loss of the kind covered by this Excess Follow Form, whether or not the
Underwriter is liable therefor in whole or in part, and upon request of the
Underwriter, the Insured(s) shall file with the Underwriter a written statement
of such loss and a copy of all correspondence between the Insured(s) and any
Insurer identified in Item 5. of the Declarations. Notice given to any Insurer
identified in Item 5. of the Declarations of this Excess Follow Form shall not
constitute notice as required under Section 4. of the Terms, Conditions and
Limitations of this Excess Follow Form.
B. The Insured(s) shall, within the time and manner prescribed in the Bond or
Policy identified in Item 8. of the Declarations, file with the Underwriter a
proof of loss for any loss of the kind covered by this Excess Follow Form,
whether or not the Underwriter is liable therefore in whole or in part, and upon
request of the Underwriter the Insured(s) shall furnish a copy of all documents
provided to or made available to any Insurer identified in Item 5. of the
Declarations in support of any proof of loss filed with such Insurer. Filing of
a proof of loss with any Insurer identified in Item 5. of the Declarations shall
not constitute filing a proof of loss with the Underwriter as required in
Section 4. of the Terms, Conditions and Limitations of this Excess Follow Form.
C. Legal proceedings against the Underwriter shall be commenced within the time
prescribed in the Bond or Policy identified in Item 8. of the Declarations and
only after complying with all the Terms, Conditions and Limitations of this
Excess Follow Form.
D. Notice and proof of loss under this Excess Follow Form shall be given to the
Professional E&O Claim Unit, Mail Code 508F, 385 Washington Street, St. Paul, MN
55102.
Section 5. Excess Follow Form Period
A. The term Excess Follow Form Period as used in this Excess Follow Form shall
mean the lesser of the period stated in Item 2. of the Declarations or the time
between the effective date and the termination date of this Excess Follow Form.
B. The Aggregate Limit of Liability set forth in Item. 4. of the Declarations
shall not be cumulated regardless of the number of Excess Follow Form Periods
this Excess Follow Form has been in force; the number of renewals of this Excess
Follow Form by the Underwriter; any extensions of the Excess Follow Form Period
of this Excess Follow Form by the Underwriter; the number of and amount of
premiums paid by the Insured, or the number of Excess Follow Form Periods of
this Excess Follow Form in which the acts giving rise to a loss(es) were
committed or occurred.
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
XS100 Ed. 5-05
Page 4 of 5 2005 The Travelers Companies, Inc.
Section 6. Single Loss Defined
As used herein, Single Loss shall be defined as
that term, or any similar term, as defined in the Bond or Policy identified in
Item 8. of the Declarations.
Section 7. Cancellation of this Excess Follow Form by the Underwriter or the
Insured
This Excess Follow Form terminates as an entirety upon occurrence of any of the
following: (a) after the receipt by the Insured of a written notice from the
Underwriter of its desire to cancel this Excess Follow Form in accordance with
the conditions and limitations of any Bond or Policy identified in Item 5. of
the Declarations, (b) immediately upon the receipt by the Underwriter of a
written notice from the Insured of its desire to cancel this Excess Follow Form,
or (c) immediately upon cancellation, termination or nonrenewal of the
Underlying Bond or Policy identified in Item 8. of the Declarations, whether by
the Insured or the applicable Underwriter.
In witness whereof, the Underwriter has caused this Excess Follow Form to be
executed on the Declarations page.
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss