ING Global Advantage and Premium Opportunity Fund

ING Global Advantage and Premium Opportunity Fund (NYSE: IGA), a closed-end management investment company, today issued a correction to the press release issued on December 8, 2005. In that press release, the ex-dividend date was incorrectly stated as being December 27, 2005. The correct ex-dividend date for IGA's initial distribution is December 28, 2005.

SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800) 992-0180

SOURCE: ING Funds

CONTACT: Christina Divigard of ING, +1-860-723-2293, or
Christina.divigard@us.ing.com

Web site: http://www.ing.com/us