Supplement dated November 8, 1999
to Prospectus dated October 30, 1998
of ING Funds Trust
ING Intermediate Bond Fund
ING High Yield Bond Fund
ING International Bond Fund
ING Mortgage Income Fund
ING National Tax-Exempt Bond Fund
This Supplement is provided to update, and should be read in conjunction with,
the information provided in the Prospectus.
* ING Funds Trust is currently offering only four of the five funds listed in
the Prospectus. These funds are: ING Intermediate Bond Fund, ING High Yield
Bond Fund, ING International Bond Fund and ING National Tax-Exempt Bond Fund.
The ING Mortgage Income Fund, although listed in the Prospectus, is not being
offered as of the date of this supplement.
* A statement of additional information, dated July 1, 1999, as amended or
supplemented from time to time, containing additional and more detailed
information about the Funds, has been filed with the Securities and Exchange
Commission and is hereby incorporated by reference into the Prospectus.
* The address for ING Mutual Funds Management Co. LLC and ING Funds Distributor,
Inc. has changed to 1475 Dunwoody Drive, West Chester, PA 19380.
* Baring International Investment (Far East) Limited has transferred all of its
assets, liabilities and operations to Baring Asset Management (Asia) Limited.
This transfer did not result in a change of actual control or management of
the applicable Funds. All relevant disclosure in the Prospectus applicable to
Baring International Investment (Far East) Limited should be applied to Baring
Asset Management (Asia) Limited.
* The Funds will accept third party checks from qualified financial
institutions, such as broker-dealers and investment advisers that are
registered with the Securities and Exchange Commission, as well as insurance
companies, banks, credit unions and thrift companies.
* The annual amount withdrawn pursuant to the Systematic Withdrawal Plan, as it
pertains to the Class A, B and C waiver of the CDSC, must be equal to 10% of
the initial account balance, and the minimum initial account balance must be
at least equal to $20,000.
* Each of the Funds, except the ING National Tax-Exempt Bond Fund, currently
offers under a separate prospectus Class I shares. These shares may be
purchased only by retirement plans affiliated with ING Group. Class I shares
are sold without an initial sales charge and also are not subject to any Rule
12b-1 fees, shareholder servicing fees or account servicing fees.
If you would like more information about ING Funds Trust call 877-INFO-ING or
877-463-6464.
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