Supplement dated February 26, 2007

to the Statements of Additional Information (“SAIs”)

to the following Registrants

ING Equity Trust

ING Investment Funds, Inc.

(each dated September 30, 2006)

ING Funds Trust

(dated July 31, 2006)

ING Prime Rate Trust

ING Senior Income Fund

(each dated June 30, 2006)

ING Partners, Inc.

ING Investors Trust

ING Variable Products Trust

ING Variable Insurance Trust

(each dated April 28, 2006)

Effective November 9, 2006, Shaun P. Mathews has been elected President and Chief Executive Officer (“CEO”) to the above listed Registrants.  All references to James M. Hennessy, who has retired as the president and CEO to the Funds, are hereby deleted and replaced with Shaun P. Mathews.  See the following tables for additional information.

All references to James M. Hennessy, who has retired as the president and CEO to the Funds, for ING Funds Trust, ING Prime Rate Trust, ING Senior Income Fund, ING Partners, Inc., ING Investors Trust, ING Variable Products Trust and ING Variable Insurance Trust are hereby deleted and replaced with Shaun P. Mathews.



 

Name, Address and
Age

 

Position Held with
the Company

 

Term of Office and
Length of Time Served

 

Principal Occupation(s) During the
Last Five Years

Shaun P. Mathews
7337 E. Doubletree
Ranch Road,
Scottsdale, AZ 85258
Age: 51

 

President and Chief Executive Officer

 

November 2006 - Present

 

President and Chief Executive Officer, ING Investments, LLC(2) (December 2006 – Present); President and Chief Executive Officer, ING Funds Services, LLC(3) (December 2006 – Present); Head of ING USFS Mutual Funds and Investment Products (October 2004 – Present); CMO, ING USFS (April 2002 – October 2004); Head of Rollover/ Payout (October 2001 – December 2003).

 

All references to James M. Hennessy, who has retired as the president and CEO to the Funds, for ING Equity Trust and ING Investment Funds, Inc., are hereby deleted and replaced with Shaun P. Mathews.

Name, Address and
Age

 

Position Held with
the Company

 

Term of Office and
Length of Time Served

 

Principal Occupation(s) During the
Last Five Years

Shaun P. Mathews
7337 E. Doubletree
Ranch Road,
Scottsdale, AZ 85258
Age: 51

 

President and Chief Executive Officer

 

November 2006 - Present

 

President and Chief Executive Officer, ING Investments, LLC(3) (December 2006 – Present); President and Chief Executive Officer, ING Funds Services, LLC(4) (December 2006 – Present); Head of ING USFS Mutual Funds and Investment Products (October 2004 – Present); CMO, ING USFS (April 2002 – October 2004); Head of Rollover/ Payout (October 2001 – December 2003).

 

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE