<DOCUMENT>
<TYPE>EX-99.77.Q.3
<SEQUENCE>3
<FILENAME>ex77q3.txt
<DESCRIPTION>CERTIFICATION LETTERS
<TEXT>
                                                                Exhibit 77(q)(3)

Conclusions  of Principal  Executive  Officer and  Principal  Financial  Officer
pursuant to items 4 and 6 of Form N-SAR Certification:

Item 4. Based on our  evaluation  conducted  within 90 days of the filing  date,
hereof,  the design and operation of the  registrant's  disclosure  controls and
procedures  are  effective to ensure that material  information  relating to the
registrant  is made  known to the  certifying  officers  by  others  within  the
appropriate  entities,  particularly  during the period in which Forms N-SAR are
being prepared,  and the registrant's  disclosure  controls and procedures allow
timely preparation and review of the information for the registrant's Form N-SAR
and the officer certifications of such Form N-SAR.

Item 6. There have been no significant  changes in internal controls or in other
factors that could significantly affect internal controls subsequent to the date
of the most recent evaluation of those controls by the certifying officers.
<PAGE>
                            FORM N-SAR CERTIFICATION

I, Michael J. Roland, certify that:

1. I have reviewed this report on Form N-SAR of ING Prime Rate Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact  necessary to make the statements
made, in light of the  circumstances  under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial information included in this report, and
the financial  statements on which the financial  information  is based,  fairly
present in all material respects the financial condition, results of operations,
changes in net assets, and cash flows (if the financial  statements are required
to include a statement  of cash  flows) of the  registrant  as of, and for,  the
periods presented in this report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
rule 30a-2(c) under the Investment Company Act) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly during the period in which this report is being prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     report (the "Evaluation Date"); and

     c) presented in this report our conclusions  about the effectiveness of the
     disclosure  controls  and  procedures  based  on our  evaluation  as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
the  registrant's  board of  directors  (or persons  performing  the  equivalent
functions):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize,  and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
report whether or not there were significant  changes in internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.


Date: October 29, 2002              /s/ Michael J. Roland
      ----------------              --------------------------------------------

                                    Name:  Michael J. Roland

                                    Title: Executive Vice President and Chief
                                           Financial Officer
<PAGE>
                            FORM N-SAR CERTIFICATION

I, James M. Hennessy, certify that:

1. I have reviewed this report on Form N-SAR of ING Prime Rate Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact  necessary to make the statements
made, in light of the  circumstances  under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial information included in this report, and
the financial  statements on which the financial  information  is based,  fairly
present in all material respects the financial condition, results of operations,
changes in net assets, and cash flows (if the financial  statements are required
to include a statement  of cash  flows) of the  registrant  as of, and for,  the
periods presented in this report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
rule 30a-2(c) under the Investment Company Act) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly during the period in which this report is being prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     report (the "Evaluation Date"); and

     c) presented in this report our conclusions  about the effectiveness of the
     disclosure  controls  and  procedures  based  on our  evaluation  as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
the  registrant's  board of  directors  (or persons  performing  the  equivalent
functions):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize,  and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
report whether or not there were significant  changes in internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.


Date: October 29, 2002              /s/ James M. Hennessy
      ----------------              --------------------------------------------

                                    Name:  James M. Hennessy

                                    Title: President and Chief Executive Officer

</TEXT>
</DOCUMENT>
