Nationwide(R) Asset Allocation Trust
Life Design Series
- The Aggressive Portfolio
- The Moderately Aggressive Portfolio
- The Moderate Portfolio
- The Moderately Conservative Portfolio
- The Conservative Portfolio
Supplement dated January 12, 2000
to Prospectus dated May 1, 1999
The capitalized terms used in this supplement have the same meaning as
defined in the Prospectus.
The paragraph under the paragraph heading "Portfolio Manager" on page 10 of the
Prospectus is deleted in its entirety and is replaced with the following:
Each Fund is managed by a team of portfolio managers and research analysts which
is supervised by William H. Miller, Sr. Portfolio Manager and Interim Chief
Investment Officer of VMF. The team, working closely with Mr. Miller, will
determine how each Fund's assets will be invested in the Underlying Funds
pursuant to the investment objective and policies of each Fund and will make
recommendations to the Board of Trustees concerning changes to (a) the
Underlying Funds in which the Funds may invest, (b) the percentage range of
assets that may be invested by each Fund in any one Underlying Fund and (c) the
percentage range of assets of any Fund that may be invested in the Nationwide
Contract. Prior to July 1999 when Mr. Miller joined VMF, he held the following
positions: Senior Portfolio Manager, Putnam Investments (1997-1999); Vice
President and Assistant Portfolio Manager Delaware Management Company
(1994-1997); and Vice President and Investment Manager, Rutherford Capital
Management (1985-1994).
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE.
