<DOCUMENT>
<TYPE>EX-99.(G)(I)(1)
<SEQUENCE>3
<FILENAME>a2137992zex-99_gi1.txt
<DESCRIPTION>EX 99.(G)(I)(1)
<TEXT>
<Page>

                                                            Exhibit 99.(g)(i)(1)

                          AMENDED SCHEDULE OF APPROVALS

                               WITH RESPECT TO THE

                         INVESTMENT MANAGEMENT AGREEMENT

                                     BETWEEN

                              ING PRIME RATE TRUST

                                       AND

                              ING INVESTMENTS, LLC
                      AN ARIZONA LIMITED LIABILITY COMPANY

<Table>
<Caption>
                                       ANNUAL INVESTMENT MANAGEMENT FEE
  TRUST                          (AS A PERCENTAGE OF AVERAGE DAILY NET ASSETS)
  -----                          ---------------------------------------------
  <S>                                                 <C>
  ING Prime Rate Trust                                0.80%
</Table>

</TEXT>
</DOCUMENT>
