UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

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                                    FORM N-PX

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               ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
                          MANAGEMENT INVESTMENT COMPANY

                  INVESTMENT COMPANY ACT FILE NUMBER: 811-5410

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                              ING PRIME RATE TRUST
               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

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                          7337 E. DOUBLETREE RANCH ROAD
                              SCOTTSDALE, AZ 85258
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

       (NAME AND ADDRESS OF AGENT FOR SERVICE)       WITH COPIES TO:

             THERESA K. KELETY, ESQ.             JEFFREY S. PURETZ, ESQ.
              ING INVESTMENTS, LLC                     DECHERT LLP
          7337 E. DOUBLETREE RANCH ROAD            1775 I STREET, N.W.
              SCOTTSDALE, AZ 85258                 WASHINGTON, DC 20006

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (800) 992-0180

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Date of fiscal year end: February 28

Date of reporting period: July 1, 2008 - June 30, 2009

Item 1. Proxy Voting Record

******************************* FORM N-PX REPORT *******************************


ICA File Number: 811-05410
Reporting Period: 07/01/2008 - 06/30/2009
ING Prime Rate Trust


============================= ING PRIME RATE TRUST =============================


This fund had no proxy voting activity during the reporting period.



========== END N-PX REPORT


                                   SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

ING PRIME RATE TRUST


By: /s/ Shaun P. Mathews
    -------------------------------------
    Shaun P. Mathews
    President and Chief Executive Officer

Date: August 27, 2009