Exhibit 7(B)

                           FORM OF AMENDED SCHEDULE A

                               WITH RESPECT TO THE

                             UNDERWRITING AGREEMENT

                                     BETWEEN

                                ING EQUITY TRUST

                                       AND

                           ING FUNDS DISTRIBUTOR, LLC

NAME OF FUND*
 ING Disciplined LargeCap Fund
 ING Growth Opportunities Fund
 ING MidCap Opportunities Fund
 ING MidCap Value Fund
 ING Principal Protection Fund
 ING Principal Protection Fund II
 ING Principal Protection Fund III
 ING Principal Protection Fund IV
 ING Principal Protection Fund V
 ING Principal Protection Fund VI
 ING Principal Protection Fund VII
 ING Principal Protection Fund VIII
 ING Principal Protection Fund IX
 ING Real Estate Fund
 ING SmallCap Opportunities Fund
 ING SmallCap Value Fund

*    This Amended Schedule A to the Underwriting Agreement will be effective
     with respect to the Funds upon the effective date of the post effective
     amendment to the Trust's Registration Statement with respect to each Fund.



         IN WITNESS WHEREOF, the undersigned have caused this amendment to be
         executed as of August __, 2003.

ING EQUITY TRUST                           ING FUNDS DISTRIBUTOR, LLC

/s/ Robert S. Naka                         /s/ Michael J. Roland
-----------------------------              --------------------------------
Name: Robert S. Naka                       Name: Michael J. Roland
Title: Senior Vice President               Title: Executive Vice President