Products April 21, 2003

ING Announces Portfolio Reassignments

April 21, 2003 (PLANSPONSOR.com) - ING Investments is reshuffling manager assignments for several of its ING Funds and ING VP Portfolios.

Reported by

Fred Schneyer

According to an ING announcement:

Growth Opportunities, MidCap Opportunities and SmallCap Opportunities will be managed by a team led by Matthew Price and David Campbell, portfolio managers for ING Investments based in New York. Previously, these funds were managed by Mary Lisanti and Jeffrey Bernstein. Growth & Value will also be managed from mid-June by a team led by Price and Campbell, replacing Navellier Fund Management, Inc., the current sub-adviser for the Fund and VP Portfolio.

Price and Campbell have more than 56 combined years of investment experience in small- and mid-cap portfolio management, including more than 10 years together at ING and earlier more than 10 years together at Value Line Asset Management.

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Large Company Value and MagnaCap will be managed by a team led by William Coughlin, portfolio manager for ING Investments based in New York. Previously, these funds were managed by Thomas Jackson.

Coughlin and his team have over 55 combined years of investment experience. They worked together over the past four years at Delta Capital Management, a firm they formed that is being acquired by ING Investment Management.