NOTE 12 — OTHER ACCOUNTING PRONOUNCEMENT
On March 19, 2008, the FASB issued Statement of Financial Accounting Standards No. 161 ("SFAS No. 161"), "Disclosure
about Derivative Instruments and Hedging Activities." This new accounting statement requires enhanced disclosures about an
entity's derivative and hedging activities. Entities are required to provide enhanced disclosures about (a) how and why an
entity invests in derivatives, (b) how derivatives are accounted for under SFAS No. 133, and (c) how derivatives affect an
entity's financial position, financial performance, and cash flows. SFAS No. 161 also requires enhanced disclosures regarding
credit-risk-related contingent features of derivative instruments. SFAS No. 161 is effective for financial statements issued for
fiscal years and interim periods beginning after November 15, 2008. Upon adoption of SFAS No. 161 as of December 1, 2008,
management of the Trust continues to assess the impact to the expanded financial statement disclosures.
NOTE 13 — INFORMATION REGARDING TRADING OF ING'S U.S. MUTUAL FUNDS
As discussed in earlier supplements that were previously filed with the SEC, ING Investments, the adviser to the ING Funds,
has reported to the Boards of Directors/Trustees (the "Boards") of the ING Funds that, like many U.S. financial services
companies, ING Investments and certain of its U.S. affiliates have received informal and formal requests for information since
September 2003 from various governmental and self-regulatory agencies in connection with investigations related to
ING Prime Rate Trust
NOTES TO FINANCIAL STATEMENTS as of February 28, 2009 (continued)
NOTE 13 — INFORMATION REGARDING TRADING OF ING'S U.S. MUTUAL FUNDS (continued)
mutual funds and variable insurance products. ING Investments has advised the Boards that it and its affiliates have
cooperated fully with each request.
In addition to responding to regulatory and governmental requests, ING Investments reported that management of U.S.