<PAGE> 1
SUPPLEMENT DATED SEPTEMBER 5, 2000
TO PROSPECTUS DATED FEBRUARY 28, 2000
OF ING FUNDS TRUST
ING LARGE CAP GROWTH FUND
ING GROWTH & INCOME FUND
ING MID CAP GROWTH FUND
ING SMALL CAP GROWTH FUND
ING GLOBAL BRAND NAMES FUND
ING INTERNATIONAL EQUITY FUND
ING EUROPEAN EQUITY FUND
ING TAX EFFICIENT EQUITY FUND
ING TAX EFFICIENT EQUITY VALUE FUND
ING FOCUS FUND
ING GLOBAL INFORMATION TECHNOLOGY FUND
ING GLOBAL COMMUNICATIONS FUND
ING INTERNET FUND
ING INTERNET FUND II
ING BALANCED FUND
ING EMERGING MARKETS EQUITY FUND
ING GLOBAL REAL ESTATE FUND
ING QUALITY OF LIFE FUND
This Supplement is provided to update, and should be read in conjunction with,
the information provided in the Prospectus. This Supplement replaces the
Supplement dated April 14, 2000.
- ING Funds Trust is currently offering only thirteen of the eighteen funds
listed in the Prospectus. These funds are: ING Large Cap Growth Fund, ING
Growth & Income Fund, ING Mid Cap Growth Fund, ING Small Cap Growth Fund, ING
Global Brand Names Fund, ING International Equity Fund, ING European Equity
Fund, ING Tax Efficient Equity Fund, ING Focus Fund, ING Global Information
Technology Fund, ING Global Communications Fund, ING Internet Fund and ING
Emerging Markets Equity Fund. The ING Tax Efficient Equity Value Fund, ING
Internet Fund II, ING Balanced Fund, ING Global Real Estate Fund and ING
Quality of Life Fund, although listed in the Prospectus, are not being offered
as of the date of this supplement.
- The ING Internet Fund will be closed to new investors upon reaching $500
million of assets under management. At such point, existing shareholders will
be permitted to continue to make additional investments in the Fund.
- The third paragraph under the sub-section entitled "Portfolio Managers" in the
section of the Prospectus entitled "Management of the Funds" concerning the
management of the ING Growth & Income Fund should be deleted and the following
paragraph should be inserted as the third paragraph:
ING Growth & Income Fund. Mr. Martin Jansen has primary responsibility for
managing the Fund and heads a five-member team of investment professionals.
Mr. Jansen has been employed by IIMA as an investment professional since
1997 and has 20 years of investment experience.
- On September 5, 2000, ING Funds Distributor, Inc. entered into a
Sub-Distribution Agreement with Pilgrim Securities, Inc. ("Pilgrim
Securities"). Under the Sub-Distribution Agreement, Pilgrim Securities may
offer Class A, Class B and Class C shares of the ING Funds. Pilgrim Securities
also may provide assistance and support to a broker-dealer in connection with
the sale of the Class A, Class B and Class C shares of the ING Funds by such
broker-dealer, provided that the broker-dealer has entered into a dealer
agreement ("Dealer Agreement") with Pilgrim Securities under which it is
authorized to sell such shares of one or more of the ING Funds. Dealer
concessions and trails paid to a broker-dealer who sells Class A, Class B and
Class C shares of the ING Funds offered by Pilgrim Securities will be pursuant
to the Dealer Agreement.
- In connection with 401(k) Plans that invest $1 million or more in Class A
shares of ING Funds, ING Funds Distributor, Inc. will pay dealer compensation
of 1% of the purchase price of the shares to the dealer from its own resources
at the time of the initial roll-over investment.
- ING Mutual Funds Management Co. LLC and Starwood Preferred Guests are
providing purchasers of Class C shares who purchase their shares directly
through ING Funds Distributor, Inc. the opportunity to earn Starpoints.
Through September 30, 2000, one Starpoint will be earned for every $2 invested
in Class C shares of the ING Funds and purchased directly through ING Funds
Distributor, Inc. After September 30, 2000 new investments will receive one
<PAGE> 2
Starpoint for every $4 invested in Class C shares of the ING Funds and
purchased directly through ING Funds Distributor, Inc. The offer is valid only
for new purchases of the Class C shares of ING Funds by individual, joint and
custodial accounts. IRAs and other retirement accounts may not participate in
this program. A valid Starwood Preferred Guest membership number must be
provided at the time of the application. Starpoints received through this
program reduce an investor's tax basis in his shares by 2 cents per Starpoint.
ING Mutual Funds Management Co. LLC or an affiliate thereof will purchase the
Starpoints from Starwood Preferred Guest from its own resources and not from
the resources of the Funds.
To receive benefits under this program with respect to the earning and
redemption of Starpoints associated with Starwood Preferred Guest, you must
join or be a member of Starwood Preferred Guest and have paid for at least one
night's lodging at a qualifying room rate with Starwood Hotels & Resorts. As
stated above, a valid Starwood Preferred Guest membership number must be
provided at the time of application. All promotions associated with Starwood
Preferred Guest are subject to the general Terms and Conditions of the
Starwood Preferred Guest Program, which are subject to change.
If you would like more information about ING Funds Trust call 877-INFO-ING or
877-463-6464.
ING-EQSUPP-00-3
<PAGE> 3
SUPPLEMENT DATED SEPTEMBER 5, 2000
TO PROSPECTUS DATED FEBRUARY 28, 2000
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
ING STABLE VALUE FUND
CLASS A, B AND C SHARES
This Supplement is provided to update, and should be read in conjunction with,
the information provided in the Prospectus. This Supplement replaces the
Supplement dated February 28, 2000.
- ING Funds Trust is currently offering only four of the six 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 and ING Stable Value Fund, although listed in the
Prospectus, are not being offered as of the date of this supplement.
- On September 5, 2000, ING Funds Distributor, Inc. entered into a
Sub-Distribution Agreement with Pilgrim Securities, Inc. ("Pilgrim
Securities"). Under the Sub-Distribution Agreement, Pilgrim Securities may
offer Class A, Class B and Class C shares of the ING Funds. Pilgrim Securities
also may provide assistance and support to a broker-dealer in connection with
the sale of the Class A, Class B and Class C shares of the ING Funds by such
broker-dealer, provided that the broker-dealer has entered into a dealer
agreement ("Dealer Agreement") with Pilgrim Securities under which it is
authorized to sell such shares of one or more of the ING Funds. Dealer
concessions and trails paid to a broker-dealer who sells Class A, Class B and
Class C shares of the ING Funds offered by Pilgrim Securities will be pursuant
to the Dealer Agreement.
- In connection with 401(k) Plans that invest $1 million or more in Class A
shares of ING Funds, ING Funds Distributor, Inc. will pay dealer compensation
of 1% of the purchase price of the shares to the dealer from its own resources
at the time of the initial roll-over investment.
- ING Mutual Funds Management Co. LLC and Starwood Preferred Guests are
providing purchasers of Class C shares who purchase their shares directly
through ING Funds Distributor, Inc. the opportunity to earn Starpoints.
Through September 30, 2000, one Starpoint will be earned for every $2 invested
in Class C shares of the ING Funds and purchased directly through ING Funds
Distributor, Inc. After September 30, 2000 new investments will receive one
Starpoint for every $4 invested in Class C shares of the ING Funds and
purchased directly through ING Funds Distributor, Inc. The offer is valid only
for new purchases of the Class C shares of ING Funds by individual, joint and
custodial accounts. IRAs and other retirement accounts may not participate in
this program. A valid Starwood Preferred Guest membership number must be
provided at the time of the application. Starpoints received through this
program reduce an investor's tax basis in his shares by 2 cents per Starpoint.
ING Mutual Funds Management Co. LLC or an affiliate thereof will purchase the
Starpoints from Starwood Preferred Guest from its own resources and not from
the resources of the Funds.
To receive benefits under this program with respect to the earning and
redemption of Starpoints associated with Starwood Preferred Guest, you must
join or be a member of Starwood Preferred Guest and have paid for at least one
night's lodging at a qualifying room rate with Starwood Hotels & Resorts. As
stated above, a valid Starwood Preferred Guest membership number must be
provided at the time of application. All promotions associated with Starwood
Preferred Guest are subject to the general Terms and Conditions of the
Starwood Preferred Guest Program, which are subject to change.
If you would like more information about ING Funds Trust call 877-INFO-ING or
877-463-6464.
ING-FFSUPP-00-2
<PAGE> 4
SUPPLEMENT DATED SEPTEMBER 5, 2000
TO PROSPECTUS DATED FEBRUARY 28, 2000
OF ING FUNDS TRUST
ING INTERMEDIATE BOND FUND
ING HIGH YIELD BOND FUND
ING INTERNATIONAL BOND FUND
ING MORTGAGE INCOME FUND
CLASS I AND X SHARES
This Supplement is provided to update, and should be read in conjunction with,
the information provided in the Prospectus. This Supplement replaces the
Supplement dated February 28, 2000.
- ING Funds Trust is currently offering only three of the four funds listed in
the Prospectus. These funds are: ING Intermediate Bond Fund, ING High Yield
Bond Fund and ING International Bond Fund. The ING Mortgage Income, although
listed in the Prospectus, is not being offered as of the date of this
supplement.
- On September 5, 2000, ING Funds Distributor, Inc. entered into a
Sub-Distribution Agreement with Pilgrim Securities, Inc. ("Pilgrim
Securities"). Under the Sub-Distribution Agreement, Pilgrim Securities may
offer Class A, Class B and Class C shares of the ING Funds. Pilgrim Securities
also may provide assistance and support to a broker-dealer in connection with
the sale of the Class A, Class B and Class C shares of the ING Funds by such
broker-dealer, provided that the broker-dealer has entered into a dealer
agreement ("Dealer Agreement") with Pilgrim Securities under which it is
authorized to sell such shares of one or more of the ING Funds. Dealer
concessions and trails paid to a broker-dealer who sells Class A, Class B and
Class C shares of the ING Funds offered by Pilgrim Securities will be pursuant
to the Dealer Agreement.
If you would like more information about ING Funds Trust call 877-INFO-ING or
877-463-6464.
ING-FFSUPPIX-00-2
<PAGE> 5
SUPPLEMENT DATED SEPTEMBER 5, 2000
TO PROSPECTUS DATED FEBRUARY 28, 2000
OF ING FUNDS TRUST
ING MONEY MARKET FUND
ING U. S. TREASURY MONEY MARKET FUND
ING NATIONAL TAX-EXEMPT MONEY MARKET FUND
CLASS A, B AND C SHARES
This Supplement is provided to update, and should be read in conjunction with,
the information provided in the Prospectus. This Supplement replaces the
Supplement dated February 28, 2000.
- ING Funds Trust is currently offering only one of the three Funds listed in
the Prospectus. The fund being offered is the ING Money Market Fund. The ING
U. S. Treasury Money Market Fund and ING National Tax-Exempt money Market
Fund, although listed in the Prospectus, are not being offered as of the date
of this Supplement.
- On September 5, 2000, ING Funds Distributor, Inc. entered into a
Sub-Distribution Agreement with Pilgrim Securities, Inc. ("Pilgrim
Securities"). Under the Sub-Distribution Agreement, Pilgrim Securities may
offer Class A, Class B and Class C shares of the ING Funds. Pilgrim Securities
also may provide assistance and support to a broker-dealer in connection with
the sale of the Class A, Class B and Class C shares of the ING Funds by such
broker-dealer, provided that the broker-dealer has entered into a dealer
agreement ("Dealer Agreement") with Pilgrim Securities under which it is
authorized to sell such shares of one or more of the ING Funds. Dealer
concessions and trails paid to a broker-dealer who sells Class A, Class B and
Class C shares of the ING Funds offered by Pilgrim Securities will be pursuant
to the Dealer Agreement.
- In connection with 401(k) Plans that invest $1 million or more in Class A
shares of ING Funds, ING Funds Distributor, Inc. will pay dealer compensation
of 1% of the purchase price of the shares to the dealer from its own resources
at the time of the initial roll-over investment.
- ING Mutual Funds Management Co. LLC and Starwood Preferred Guests are
providing purchasers of Class C shares who purchase their shares directly
through ING Funds Distributor, Inc. the opportunity to earn Starpoints.
Through September 30, 2000, one Starpoint will be earned for every $2 invested
in Class C shares of the ING Funds and purchased directly through ING Funds
Distributor, Inc. After September 30, 2000 new investments will receive one
Starpoint for every $4 invested in Class C shares of the ING Funds and
purchased directly through ING Funds Distributor, Inc. The offer is valid only
for new purchases of the Class C shares of ING Funds by individual, joint and
custodial accounts. IRAs and other retirement accounts may not participate in
this program. A valid Starwood Preferred Guest membership number must be
provided at the time of the application. Starpoints received through this
program reduce an investor's tax basis in his shares by 2 cents per Starpoint.
ING Mutual Funds Management Co. LLC or an affiliate thereof will purchase the
Starpoints from Starwood Preferred Guest from its own resources and not from
the resources of the Funds.
To receive benefits under this program with respect to the earning and
redemption of Starpoints associated with Starwood Preferred Guest, you must
join or be a member of Starwood Preferred Guest and have paid for at least one
night's lodging at a qualifying room rate with Starwood Hotels & Resorts. As
stated above, a valid Starwood Preferred Guest membership number must be
provided at the time of application. All promotions associated with Starwood
Preferred Guest are subject to the general Terms and Conditions of the
Starwood Preferred Guest Program, which are subject to change.
If you would like more information about ING Funds Trust call 877-INFO-ING or
877-463-6464.
ING-MMSUPP-00-2
<PAGE> 6
SUPPLEMENT DATED SEPTEMBER 5, 2000
TO PROSPECTUS DATED FEBRUARY 28, 2000
OF ING FUNDS TRUST
ING MONEY MARKET FUND
ING U. S. TREASURY MONEY MARKET FUND
CLASS I AND X SHARES
This Supplement is provided to update, and should be read in conjunction with,
the information provided in the Prospectus. This Supplement replaces the
Supplement dated February 28, 2000.
- ING Funds Trust is currently offering only one of the two Funds listed in the
Prospectus. The fund being offered is the ING Money Market Fund. The ING U. S.
Treasury Money Market Fund, although listed in the Prospectus, is not being
offered as of the date of this Supplement.
- On September 5, 2000, ING Funds Distributor, Inc. entered into a
Sub-Distribution Agreement with Pilgrim Securities, Inc. ("Pilgrim
Securities"). Under the Sub-Distribution Agreement, Pilgrim Securities may
offer Class A, Class B and Class C shares of the ING Funds. Pilgrim Securities
also may provide assistance and support to a broker-dealer in connection with
the sale of the Class A, Class B and Class C shares of the ING Funds by such
broker-dealer, provided that the broker-dealer has entered into a dealer
agreement ("Dealer Agreement") with Pilgrim Securities under which it is
authorized to sell such shares of one or more of the ING Funds. Dealer
concessions and trails paid to a broker-dealer who sells Class A, Class B and
Class C shares of the ING Funds offered by Pilgrim Securities will be pursuant
to the Dealer Agreement.
If you would like more information about ING Funds Trust call 877-INFO-ING or
877-463-6464.
ING-MMSUPPIX-00-2
<PAGE> 7
SUPPLEMENT DATED SEPTEMBER 5, 2000
TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 28, 2000
OF ING FUNDS TRUST
This Supplement is provided to update, and should be read in conjunction with,
the information provided in the Statement of Additional Information. This
Supplement replaces the Supplement dated April 14, 2000.
On page 46, under "Description of Class C Shares," in the "Additional Purchase
Information " section, add the following information after the "Waiver of Class
C CDSL" discussion:
Starpoint Program. IMFC and Starwood Preferred Guests are
providing purchasers of Class C shares who purchase their shares
directly through IFD the opportunity to earn Starpoints. Through
September 30, 2000, one Starpoint will be earned for every $2 invested
in Class C shares of the ING Funds and purchased directly through IFD.
After September 30, 2000 new investments will receive one Starpoint for
every $4 invested in Class C shares of the ING Funds and purchased
directly through IFD. The offer is valid only for new purchases of the
Class C shares of ING Funds by individual, joint and custodial
accounts. IRAs and other retirement accounts may not participate in
this program. A valid Starwood Preferred Guest membership number must
be provided at the time of the application. Starpoints received through
this program reduce an investor's tax basis in his shares by 2 cents
per Starpoint. IMFC or an affiliate thereof will purchase the
Starpoints from Starwood Preferred Guest from its own resources and not
from the resources of the Funds.
To receive benefits under this program with respect to the
earning and redemption of Starpoints associated with Starwood Preferred
Guest, you must join or be a member of Starwood Preferred Guest and
have paid for at least one night's lodging at a qualifying room rate
with Starwood Hotels & Resorts. As stated above, a valid Starwood
Preferred Guest membership number must be provided at the time of
application. All promotions associated with Starwood Preferred Guest
are subject to the general Terms and Conditions of the Starwood
Preferred Guest Program, which are subject to change.
ING-SAISUPP-00-2
