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                                 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, 2009 - June 30, 2010

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Item 1. Proxy Voting Record

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


ICA File Number: 811-05410
Reporting Period: 07/01/2009 - 06/30/2010
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
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     Shaun P. Mathews
     President and Chief Executive Officer

Date: August 27, 2010