ING FUNDS TRUST
485BPOS, 2001-01-19
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    As filed with the Securities and Exchange Commission on January 19, 2001
                                               Securities Act File No. 333-52000
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM N-14

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933         [X]

                           Pre-Effective Amendment No.                       [ ]

                         Post-Effective Amendment No. 1                      [X]

                                 ING FUNDS TRUST
               (Exact Name of Registrant as Specified in Charter)

            7337 E. Doubletree Ranch Road, Scottsdale, Arizona 85258
               (Address of Principal Executive Offices) (Zip Code)

                                 (800) 992-0180
                  (Registrant's Area Code and Telephone Number)

                                James M. Hennessy
                          ING Pilgrim Investments, Inc.
                          7337 E. Doubletree Ranch Road
                            Scottsdale, Arizona 85258
                    (Name and Address of Agents for Service)

                                 With copies to:

        Jeffrey S. Puretz                          Steven R. Howard
             Dechert                    Paul, Weiss, Rifkind, Wharton & Garrison
      1775 Eye Street, N.W.                  1285 Avenue of the Americas
       Washington, DC 20006                       New York, NY 10019

                                   ----------

                  Approximate Date of Proposed Public Offering:
   As soon as practicable after this Registration Statement becomes effective.

--------------------------------------------------------------------------------
        It is proposed that this filing will become effective immediately
           pursuant to Rule 485(b) under the Securities Act of 1933.
--------------------------------------------------------------------------------

No filing fee is required because an indefinite number of shares have previously
been registered pursuant to Rule 24f-2 under the Investment Company Act of 1940,
as amended.

================================================================================
<PAGE>
                                 ING FUNDS TRUST

                       CONTENTS OF REGISTRATION STATEMENT

This Registration Statement consists of the following papers and documents:

*    Cover Sheet
*    Contents of Registration Statement
*    Explanatory Note
*    Cover Page of Statement of Additional Information
*    Signature Page
*    Exhibit Index
*    Consents of Independent Accountants

                                EXPLANATORY NOTE

     This Post-Effective  Amendment No. 1 to the Registration  Statement on Form
N-14 for ING Funds Trust incorporates by reference the Registrant's Part A, Part
B and Part C contained in the Registrant's  Registration  Statement on Form N-14
which was filed with the  Securities  and  Exchange  Commission  on December 15,
2000.  This  Post-Effective  Amendment  is being  filed to add  consents  of the
accountants as exhibits to Part C of the Registration Statement.
<PAGE>
                                     PART B

                                 ING FUNDS TRUST

--------------------------------------------------------------------------------

                       Statement of Additional Information
                                January 14, 2001

--------------------------------------------------------------------------------

Acquisition of the Assets and Liabilities     By and in Exchange for Shares of
of Pilgrim Global Technology Fund, Inc.       ING Global Information Technology
7337 East Doubletree Ranch Road               Fund (a series of ING Funds Trust)
Scottsdale, Arizona  85258                    7337 East Doubletree Ranch Road
                                              Scottsdale, Arizona  85258

This  Statement of Additional  Information is available to the  Shareholders  of
Pilgrim Global Technology Fund in connection with a proposed transaction whereby
all of the assets  and  liabilities  of Pilgrim  Global  Technology  Fund,  Inc.
("Pilgrim Global Technology Fund") will be transferred to ING Global Information
Technology  Fund,  a series of ING Funds  Trust,  in exchange  for shares of ING
Global Information Technology Fund.

This  Statement of Additional  Information  of ING Funds Trust  consists of this
cover page and the following  documents,  each of which was filed electronically
with the Securities and Exchange  Commission  and is  incorporated  by reference
herein:

1.   The  Statement  of  Additional   Information  for  ING  Global  Information
     Technology  Fund,  dated November 6, 2000 and as filed on November 13, 2000
     and of Pilgrim Global  Technology  Fund, dated August 11, 2000, as filed on
     August 11, 2000, respectively.

2.   The Financial  Statements  of ING Global  Information  Technology  Fund are
     included in the Annual Report of ING Funds Trust dated October 31, 2000, as
     filed on January 10, 2001.

3.   The Financial  Statements of Pilgrim Global Technology Fund are included in
     the Annual Report of Pilgrim Global Technology Fund dated October 31, 2000,
     as filed on January 10, 2001.

This  Statement  of  Additional  Information  is  not  a  prospectus.   A  Proxy
Statement/Prospectus  dated January 14, 2001 relating to the  reorganization  of
Pilgrim Global  Technology Fund may be obtained,  without charge,  by writing to
ING Pilgrim  Investments,  Inc. at 7337 East Doubletree Ranch Road,  Scottsdale,
Arizona  85258  or  calling   1-800-992-0180.   This   Statement  of  Additional
Information should be read in conjunction with the Proxy Statement/Prospectus.
<PAGE>
                                   SIGNATURES


     Pursuant to the requirements of the Securities Act of 1933, as amended, the
Registrant  has duly caused this  Post-Effective  Amendment to its  Registration
Statement on Form N-14 to be signed on its behalf by the undersigned,  thereunto
duly authorized,  in the City of Scottsdale and State of Arizona on the 19th day
of January, 2001.

                                       ING FUNDS TRUST


                                       By: /s/ Robert W. Stallings
                                           -------------------------------------
                                           Robert W. Stallings
                                           President and Chief Executive Officer

     Pursuant  to  the   requirements  of  the  Securities  Act  of  1933,  this
Post-Effective-Amendment to this Registration Statement has been signed below by
the following persons in the capacities and on the date indicated.

        Signature                     Title                           Date
        ---------                     -----                           ----


/s/ Robert W. Stallings         President and Chief             January 19, 2001
---------------------------     Executive Officer
Robert W. Stallings


/s/ Michael J. Roland           Treasurer                       January 19, 2001
---------------------------
Michael J. Roland


/s/ Joseph N. Hankin*           Trustee                         January 19, 2001
---------------------------
Joseph N. Hankin


/s/ Jack D. Rehm*               Trustee                         January 19, 2001
---------------------------
Jack D. Rehm


/s/ Blaine E. Rieke*            Trustee                         January 19, 2001
---------------------------
Blaine E. Rieke


/s/ Richard A. Wedemeyer*       Trustee                         January 19, 2001
---------------------------
Richard A. Wedemeyer


/s/ Robert W. Stallings                                         January 19, 2001
---------------------------
Robert W. Stallings
Attorney-in-Fact*


*    Executed  pursuant  to powers  of  attorney  filed as part of  Registrant's
     Registration Statement on Form N-14 which was filed with the Securities and
     Exchange Commission on December 15, 2000.
<PAGE>
                                  EXHIBIT INDEX

(14)(a) Consent of PricewaterhouseCoopers LLP, independent accountants.
(14)(b) Consent of Ernst & Young LLP


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