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About Your Investments – Investment Options

This section does not contain information about the investment option available to FICA Alternative employees. Information regarding the FICA Alternative Plan is available by selecting the FICA Alternative tab from the side bar menu on the home page of this website.

You can choose from a revised menu of investment options that cover the risk/reward spectrum allowing you to select from conservative choices, moderate growth and income funds, or aggressive growth opportunities in both U.S. and international markets.

The chart below shows the investment options available under the Plan with ING. By clicking on the fund names listed, you can view one-page fact sheets for each option. Fund expenses are also included. The fund code included in this chart is required for you to access your account on-line or via the VRU (800 number).

To better understand the investment option information provided to you, please carefully review this additional information about types of investment risks and glossary of terms and statistics found on the fund fact sheets. Documentation will also provide instructions about how to obtain any underlying fund prospectuses. Please click here.

* The Stable Value Option invests in ING's Stabilizer managed separate account annuity contract, issued by ING Life Insurance and Annuity Company (ILIAC). The contract provides for declared credited interest rates that are set in advance. Guarantees of principal and interest are based on the claims paying ability of ILIAC. The Stable Value Option is not a registered investment company and is not registered with the Securities and Exchange Commission. This investment option is not part of Separate Account D. The Credited Rate of the Stable Value Option for the period January 9 through December 2008 is 5.35%, expressed as an annual effective yield, and is guaranteed not to drop below 3.00% .

**Plan enhancements will become effective February 1, 2008. For more information about the impending changes, please click here.

You should consider the investment objectives, risks, and charges and expenses of the investment options carefully before investing. Prospectuses containing this and other information can be obtained by contacting your local representative. Please read the information carefully before investing.

Fund Performance is available by selecting the Fund Performance tab from the side bar menu under the Investments section of this Web site. In addition, fund performance summaries will be included with your quarterly statements and can be obtained from our Carson City office.

Expenses

There are no administrative expenses charged by ING under the Plan.

Investment management expenses apply to each of the variable investment options. Please refer to the fund one-pagers (by clicking on the fund name above) for the expenses applicable to each option.

Transfer Rules

Transfers are allowed among all investment options with the exception of the Stable Value Option and the Self-Directed Brokerage Account (SDBA).

The product includes a limiting provision, called an “equity wash,” that applies to transfers between the Stable Value Option and the SDBA. These two options are considered to be competing investment options.

When this provision applies:

Direct transfers between these two options are not allowed: and

Once a transfer involving either of these options occurs, there is a 90-day waiting period before another transfer involving these investment options is permitted.

You can transfer from either one of these investment options directly into other investment options offered under the Plan.

Amounts must be transferred in whole percentages. There are no fees or charges for investment option transfers.

Please CLICK HERE to review ING's Excessive Trading Policy.

Self-Directed Brokerage Account

The TD Ameritrade brokerage option is a self-directed brokerage account (SDBA). The TD Ameritrade SDBA is available in addition to the investment options available to you through your employer sponsored retirement plan, administered by ING. A TD Ameritrade SDBA is designed for the experienced investor who wants to independently and actively manage an even greater choice of investments and is willing to pay additional fees and accept full responsibility for researching, selecting, monitoring and managing their investments. Through the TD Ameritrade SDBA, participants electing this option can select from more than 12, 500 mutual funds, including more than 1,100 No Transaction Fee (NTF) mutual funds. Transaction fees may apply depending on the funds selected. There is an annual $50 fee for those participants who elect the SDBA.

To Apply for a TD Ameritrade Self-Directed Brokerage Account please contact the local ING Nevada office at (775) 886-7545 or toll free at (866) 464-6832.

You should consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. Prospectuses for the investment company containing this and other information can be obtained by calling TD Ameritrade at 1-866-766-4015 and speaking to a Customer Service Associate. Please read the prospectus carefully before investing.

For more information click here for SDBA brochure

Brokerage services provided by TD AMERITRADE, Division of TD Ameritrade, Inc., member NASD/SIPC. TD AMERITRADE is a trademark jointly owned by TD AMERITRADE IP Company, Inc. and The Toronto-Dominion Bank. TD AMERITRADE is an independent entity and not a corporate affiliate of ING Financial Advisers, LLC (Member SIPC).

Variable investment options offered under a group funding agreement are considered long-term investments designed for retirement purposes. Money distributed will be taxed as ordinary income in the year the money is received. Account values fluctuate with market conditions and, when redeemed, the principal may be worth more or less than the amount originally invested. Contact your local ING representative for fund prospectuses containing more complete information including charges and expenses. Read them carefully before you invest. ING does not offer legal or tax advice. Please seek the advice of your own legal or tax advisor prior to making a tax-related investment decision.

Insurance products issued by ING Life Insurance and Annuity Company. Financial planning and securities offered through ING Financial Advisers, LLC (member SIPC), One Orange Way, Windsor, CT 06095-4774, or other broker/dealers with which it has a selling agreement.