Starwood Hotels & Resorts Worldwide will offer frequent guest points to investors who buy ING Mutual Funds.

The offer is valid only for new purchases of ING funds by individual, joint and custodial accounts. IRAs and other retirement accounts are not eligible to participate in the program. The guest points can be redeemed at more than 700 hotels worldwide, ING said.

ING Funds is advised by ING Mutual Funds Management Co. of Amsterdam, the Netherlands, which has total assets under management of $300 billion.

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