ing Rate Notes Due 2021 U.S.$4,220,000 Subordinated Notes 36,780 Preferred Shares ING IM CLO 2011-1, Ltd. (the 'Issuer) and ING IM CLO 2011-1 LLC (the "Co-Issuer" and, together with the Issuer, the to -Issuers- ) will issue Class A-1 Floating Rate Notes Due 2021 (the 'Class A-1 Notes"). Class A-2 Floating Rat