<PAGE> 1
'99
Nationwide(R) Variable Account - 9
June 30, 1999
The BEST
of AMERICA(R)
America's FUTURE Annuity(SM)
Semi-Annual Report
[Nationwide Logo]
Nationwide Life Insurance Company
Home Office: Columbus, Ohio
<PAGE> 2
[LOGO]
NATIONWIDE LIFE INSURANCE COMPANY
ONE NATIONWIDE PLAZA, COLUMBUS, OHIO 43215-2220
[President's Photo]
PRESIDENT'S MESSAGE
On behalf of Nationwide Life Insurance Company, we are pleased to present the
1999 semi-annual report of the Nationwide Variable Account-9.
Equity investments performed well during the first half of 1999 with the major
market indices showing double-digit gains. Fixed income investments did not fare
as well during this period in the face of the Federal Reserve's inflation
cautiousness. The Fed is mindful of the resilient U.S. economy and the
increasingly tight labor pool that portends future wage inflation. Accordingly,
we have seen a ratcheting-up of short-term interest rates to dampen the momentum
of the current expansion. How aggressively the Fed may react to the perceived
inflation threat only adds uncertainty to the already jittery equity markets.
Over the long term, however, a slower but sustainable rate of growth, with low
inflation, provides a favorable environment for further advances in financial
assets.
At mid-year, we are pleased to report that all the mission-critical systems used
to service our variable annuity and variable life business have been internally
inventoried, assessed and tested as being Year 2000 compliant. We are currently
contacting our critical business partners to determine if they will be Year 2000
compliant. Contingency plans are being developed and are to be completed by the
end of the third quarter. All these steps are being taken to assure that
Nationwide Financial will be able to continue to serve your financial needs into
the Year 2000 and beyond.
Thank you for selecting Nationwide Financial to help you achieve your financial
planning and retirement savings goals. You have our commitment to provide the
consistent, high quality service you expect and deserve.
/s/ Joseph J. Gasper
Joseph J. Gasper, President
August 19, 1999
3
<PAGE> 3
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENT OF ASSETS,LIABILITIES AND CONTRACT OWNERS' EQUITY
June 30, 1999
(UNAUDITED)
<TABLE>
<CAPTION>
Assets:
Investments at market value:
<S> <C>
American Century VP - American Century VP Income & Growth (ACVPIncGr)
14,302,690 shares (cost $94,249,112) ................................................ $ 106,412,015
American Century VP - American Century VP International (ACVPInt)
11,109,441 shares (cost $85,290,294) ................................................ 90,875,226
American Century VP - American Century VP Value (ACVPValue)
4,952,462 shares (cost $32,481,330) ................................................. 33,627,215
The Dreyfus Socially Responsible Growth Fund, Inc.(DrySRGro)
2,461,247 shares (cost $75,691,636) ................................................. 86,266,700
Dreyfus Stock Index Fund (DryStkIx)
17,131,644 shares (cost $538,686,267) ............................................... 618,623,681
Dreyfus VIF - Capital Appreciation Portfolio (DryCapAp)
3,169,357 shares (cost $112,251,695 ................................................. 123,034,426
Federated Insurance Series:Federated Quality Bond Fund II (FedQualBal)
44,185 shares (cost $432,240) ....................................................... 433,899
Fidelity VIP - Equity-Income Portfolio - Service Class (FidVIPEIS)
11,261,639 shares (cost $278,742,712) ............................................... 306,429,207
Fidelity VIP - Growth Portfolio - Service Class (FidVIPGrS)
6,753,869 shares (cost $283,864,127) ................................................ 308,314,109
Fidelity VIP - High Income Portfolio - Service Class (FidVIPHIS)
13,347,596 shares (cost $155,510,203) ............................................... 150,293,928
Fidelity VIP - Overseas Portfolio - Service Class (FidVIPOvS)
2,193,521 shares (cost $44,366,670) ................................................. 45,559,430
Fidelity VIP-II - Contrafund Portfolio - Service Class (FidVIPConS)
10,183,317 shares (cost $233,429,046) ............................................... 265,377,254
Fidelity VIP-III - Growth Opportunities Portfolio - Service Class (FidVIPGrOpS)
7,117,072 shares (cost $150,024,610) ................................................ 168,105,243
Morgan Stanley - Emerging Markets Debt Portfolio (MSEmMkt)
738,035 shares (cost $4,813,476) .................................................... 5,085,063
Nationwide SAT - Balanced Fund (NSATBal)
5,505,544 shares (cost $58,265,381) ................................................. 60,671,099
Nationwide SAT - Capital Appreciation Fund (NSATCapAp)
10,243,128 shares (cost $260,192,250) ............................................... 304,016,038
Nationwide SAT - Equity Income Fund (NSATEqInc)
1,582,254 shares (cost $17,548,053) ................................................. 19,904,754
Nationwide SAT - Global Equity Fund (NSATGlobEq)
1,908,978 shares (cost $21,827,404) ................................................. 24,205,840
Nationwide SAT - Government Bond Fund (NSATGvtBd)
17,569,605 shares (cost $203,780,725) ............................................... 195,549,704
Nationwide SAT - High Income Bond Fund (NSATHIncBd)
4,514,335 shares (cost $46,138,306) ................................................. 44,737,061
Nationwide SAT - Money Market Fund (NSATMyMkt)
272,646,668 shares (cost $272,646,668) .............................................. 272,646,668
</TABLE>
4
<PAGE> 4
<TABLE>
<S> <C>
Nationwide SAT - Multi Sector Bond Fund (NSATMSecBd)
4,852,596 shares (cost $48,186,771) .................................................. 45,711,456
Nationwide SAT - Select Advisers Mid Cap Fund (NSATMidCap)
871,502 shares (cost $9,187,802) ..................................................... 10,519,030
Nationwide SAT - Select Advisors Small Cap Growth Fund (NSATSmCapG)
110,792 shares (cost $1,112,262) ..................................................... 1,248,625
Nationwide SAT - Small Cap Value Fund (NSATSmCapV)
4,356,282 shares (cost $41,169,284) .................................................. 48,311,167
Nationwide SAT - Small Company Fund (NSATSmCo)
3,643,423 shares (cost $57,320,331) .................................................. 62,776,175
Nationwide SAT - Strategic Growth Fund (NSATStrGro)
1,539,133 shares (cost $19,335,034) .................................................. 22,594,478
Nationwide SAT - Strategic Value Fund (NSATStrVal)
1,387,034 shares (cost $14,046,884) .................................................. 14,938,360
Nationwide SAT - Total Return Fund (NSATTotRe)
20,884,793 shares (cost $383,379,442) ................................................ 423,752,451
Neuberger & Berman AMT - Guardian Portfolio (NBAMTGuard)
3,651,133 shares (cost $51,575,484) .................................................. 59,038,813
Neuberger & Berman AMT - Mid-Cap Growth Portfolio (NBAMTMCGr)
2,757,579 shares (cost $41,005,005) .................................................. 45,775,810
Neuberger & Berman AMT - Partners Portfolio (NBAMTPart)
6,195,033 shares (cost $120,056,180) ................................................. 128,361,079
Oppenheimer VAF - Aggressive Growth Fund (OppAggGro)
856,364 shares (cost $40,743,441) .................................................... 46,457,739
Oppenheimer VAF - Growth Fund (OppGro)
2,152,027 shares (cost $76,282,786) .................................................. 87,695,103
Oppenheimer VAF - Growth & Income Fund (OppGrInc)
3,428,579 shares (cost $71,534,110) .................................................. 79,543,040
Van Eck WIT - Worldwide Emerging Markets Fund (VEWrldEMkt)
1,712,400 shares (cost $15,475,266) .................................................. 17,791,841
Van Eck WIT - Worldwide Hard Assets Fund (VEWrldHAs)
446,307 shares (cost $4,745,681) ..................................................... 4,779,946
Van Kampen LIT - Morgan Stanley Real Estate Securities Portfolio (VKMSRESec)
1,551,834 shares (cost $21,767,825) .................................................. 21,554,975
Warburg Pincus Trust - Growth & Income Portfolio (WPGrInc)
1,529,173 shares (cost $17,623,017) .................................................. 20,230,962
Warburg Pincus Trust - International Equity Portfolio (WPIntEq)
2,068,736 shares (cost $23,255,586) .................................................. 24,307,642
Warburg Pincus Trust - Post Venture Capital Portfolio (WPPVenCap)
1,124,595 shares (cost $13,645,679) .................................................. 14,934,621
---------------
Total investments ................................................................. 4,410,491,873
Accounts receivable ....................................................................... 48,644
---------------
Total assets ...................................................................... 4,410,540,517
Accounts payable ............................................................................. 13,218,074
---------------
Contract owners' equity (note 4) ............................................................. $ 4,397,322,443
===============
</TABLE>
See accompanying notes to financial statements.
5
<PAGE> 5
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
Total ACVPIncGr
---------------------------------- ------------------------------
1999 1998 1999 1998
--------------- ------------- ----------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ 37,663,935 5,951,101 13,740 4,461
Mortality and expense risk charges
(note 2): ........................... (16,399,096) (2,845,709) (354,976) (31,916)
--------------- ------------- ----------- ----------
Net investment activity ............. 21,264,839 3,105,392 (341,236) (27,455)
--------------- ------------- ----------- ----------
Proceeds from mutual fund shares sold .. 436,501,099 16,226,232 204,409 -
Cost of mutual fund shares sold ........ (430,233,531) (16,102,377) (152,195) --
--------------- ------------- ----------- ----------
Realized gain (loss) on investments . 6,267,568 123,855 52,214 --
Change in unrealized gain (loss)
on investments ...................... 247,039,172 23,769,353 7,585,335 694,951
--------------- ------------- ----------- ----------
Net gain (loss) on investments ...... 253,306,740 23,893,208 7,637,549 694,951
--------------- ------------- ----------- ----------
Reinvested capital gains ............... 42,592,745 8,037,751 -- 9,256
--------------- ------------- ----------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 317,164,324 35,036,351 7,296,313 676,752
--------------- ------------- ----------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 1,585,047,423 1,214,230,550 45,207,336 13,771,319
Transfers between funds ................ -- -- 9,479,869 2,265,613
Redemptions ............................ (91,634,140) (10,153,448) (1,707,312) (58,474)
Contingent deferred sales charges
(note 2) ............................ (2,040,175) (95,154) (34,337) (260)
Adjustments to maintain reserves ....... (11,924) 2,660 (7,884) (263)
--------------- ------------- ----------- ----------
Net equity transactions ........... 1,491,361,184 1,203,984,608 52,937,671 15,977,935
--------------- ------------- ----------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY ....... 1,808,525,508 1,239,020,959 60,233,984 16,654,687
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 2,588,796,935 82,185,672 46,170,274 457,579
--------------- ------------- ----------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD ....... $ 4,397,322,443 1,321,206,631 106,404,258 17,112,266
=============== ============= =========== ==========
</TABLE>
<TABLE>
<CAPTION>
ACVPInt ACVPValue
----------------------------- ------------------------------
1999 1998 1999 1998
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... - 26,394 227,207 28,096
Mortality and expense risk charges
(note 2): ........................... (338,039) (41,367) (122,893) (34,233)
---------- ---------- ---------- ----------
Net investment activity ............. (338,039) (14,973) 104,314 (6,137)
---------- ---------- ---------- ----------
Proceeds from mutual fund shares sold .. 28,882,681 23,510 6,044,175 147,489
Cost of mutual fund shares sold ........ (28,822,770) (19,975) (6,461,455) (139,724)
---------- ---------- ---------- ----------
Realized gain (loss) on investments . 59,911 3,535 (417,280) 7,765
Change in unrealized gain (loss)
on investments ...................... 5,197,935 1,033,623 1,272,269 (472,263)
---------- ---------- ---------- ----------
Net gain (loss) on investments ...... 5,257,846 1,037,158 854,989 (464,498)
---------- ---------- ---------- ----------
Reinvested capital gains ............... - 270,951 2,152,580 335,441
---------- ---------- ---------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 4,919,807 1,293,136 3,111,883 (135,194)
---------- ---------- ---------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 27,275,401 16,244,460 6,897,928 11,163,708
Transfers between funds ................ 7,624,754 4,761,636 2,489,034 1,920,443
Redemptions ............................ (1,167,217) (60,279) (510,367) (119,061)
Contingent deferred sales charges
(note 2) ............................ (20,669) (447) (12,246) (750)
Adjustments to maintain reserves ....... 290 (170) 159 (210)
---------- ---------- ---------- ----------
Net equity transactions ........... 33,712,559 20,945,200 8,864,509 12,964,130
---------- ---------- ---------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY ....... 38,632,366 22,238,336 11,976,392 12,828,936
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 52,242,163 549,898 21,650,989 1,359,398
---------- ---------- ---------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD ....... 90,874,529 22,788,234 33,627,381 14,188,334
========== ========== ========== ==========
</TABLE>
6
<PAGE> 6
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
Six Month Periods Ended June 30, 1999 and 1998
(UNAUDITED)
<TABLE>
<CAPTION>
DrySRGro DryStkIx
--------------------------- --------------------------
1999 1998 1999 1998
----------- ---------- ----------- -----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ - - 2,874,693 614,167
Mortality and expense risk charges
(note 2): ........................... (288,082) (33,301) (2,202,326) (284,143)
------------ ---------- ----------- -----------
Net investment activity ............. (288,082) (33,301) 672,367 330,024
------------ ---------- ----------- -----------
Proceeds from mutual fund shares sold .. 909,313 52,124 1,343,755 -
Cost of mutual fund shares sold ........ (678,435) (46,445) (1,017,256) -
------------ ---------- ----------- -----------
Realized gain (loss) on investments . 230,878 5,679 326,499 -
Change in unrealized gain (loss)
on investments ...................... 7,232,633 990,754 47,508,215 6,025,571
------------ ---------- ----------- -----------
Net gain (loss) on investments ...... 7,463,511 996,433 47,834,714 6,025,571
------------ ---------- ----------- -----------
Reinvested capital gains ............... - - 1,965,539 207,363
------------ ---------- ----------- -----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 7,175,429 963,132 50,472,620 6,562,958
------------ ---------- ----------- -----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 34,366,378 13,950,495 225,676,473 118,143,812
Transfers between funds ................ 7,357,370 1,618,528 40,758,356 10,523,815
Redemptions ............................ (1,412,020) (94,168) (9,528,826) (746,698)
Contingent deferred sales charges
(note 2) ............................ (26,052) (664) (209,605) (8,998)
Adjustments to maintain reserves ....... 424 (116) 3,669 (2,515)
------------ ---------- ----------- -----------
Net equity transactions ........... 40,286,099 15,474,075 256,700,068 127,909,416
------------ ---------- ----------- -----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 47,461,528 16,437,207 307,172,688 134,472,374
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 38,805,599 856,724 311,454,663 6,120,635
------------ ---------- ----------- -----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... $ 86,267,127 17,293,931 618,627,351 140,593,009
============ ========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
DryCapAp FedQualBal
--------------------------- --------------------
1999 1998 1999 1998
----------- ---------- ------- --------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... 4,635 439 - --
Mortality and expense risk charges
(note 2): ........................... (433,169) (30,960) (146) --
----------- ---------- ------- -------
Net investment activity ............. (428,534) (30,521) (146) --
----------- ---------- ------- -------
Proceeds from mutual fund shares sold .. 4,358,568 33,965 23,673 --
Cost of mutual fund shares sold ........ (3,605,577) (31,593) (23,880) --
----------- ---------- ------- -------
Realized gain (loss) on investments . 752,991 2,372 (207) --
Change in unrealized gain (loss)
on investments ...................... 5,487,496 864,202 1,659 --
----------- ---------- ------- -------
Net gain (loss) on investments ...... 6,240,487 866,574 1,452 --
----------- ---------- ------- -------
Reinvested capital gains ............... - 1,464 - --
----------- ---------- ------- -------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 5,811,953 837,517 1,306 --
----------- ---------- ------- -------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 56,151,210 11,780,282 101,034 --
Transfers between funds ................ 5,466,197 3,723,680 177,538 --
Redemptions ............................ (1,772,047) (41,911) (12,911) --
Contingent deferred sales charges
(note 2) ............................ (34,889) (202) - --
Adjustments to maintain reserves ....... 243 (559) 166,934 --
----------- ---------- ------- -------
Net equity transactions ........... 59,810,713 15,461,290 432,594 --
----------- ---------- ------- -------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 65,622,666 16,298,807 433,900 --
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 57,411,990 932,022 - --
----------- ---------- ------- -------
CONTRACT OWNERS' EQUITY END OF PERIOD .... 123,034,656 17,230,829 433,900 --
=========== ========== ======= =======
</TABLE>
(Continued)
7
<PAGE> 7
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
FidVIPEIS FidVIPGrS
------------------------------ ----------------------------
1999 1998 1999 1998
------------- ----------- ----------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ 3,121,196 217,564 246,130 27,645
Mortality and expense risk charges
(note 2): ........................... (1,187,404) (249,995) (979,321) (83,417)
------------- ----------- ----------- ----------
Net investment activity ............. 1,933,792 (32,431) (733,191) (55,772)
------------- ----------- ----------- ----------
Proceeds from mutual fund shares sold .. 827,997 - 12,358,888 18,428
Cost of mutual fund shares sold ........ (779,341) - (10,312,332) (17,764)
------------- ----------- ----------- ----------
Realized gain (loss) on investments . 48,656 - 2,046,556 664
Change in unrealized gain (loss)
on investments ...................... 20,047,979 1,496,665 7,844,659 2,109,551
------------- ----------- ----------- ----------
Net gain (loss) on investments ...... 20,096,635 1,496,665 9,891,215 2,110,215
------------- ----------- ----------- ----------
Reinvested capital gains ............... 6,899,485 774,271 15,475,451 723,135
------------- ----------- ----------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 28,929,912 2,238,505 24,633,475 2,777,578
------------- ----------- ----------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 83,135,663 98,965,953 130,580,253 32,243,703
Transfers between funds ................ 4,680,466 8,213,608 55,251,621 4,273,671
Redemptions ............................ (6,769,854) (976,577) (10,986,518) (370,478)
Contingent deferred sales charges
(note 2) ............................ (120,023) (5,795) (494,543) (3,993)
Adjustments to maintain reserves ....... 1,722 (3,324) 1,421 (469)
------------- ----------- ----------- ----------
Net equity transactions ........... 80,927,974 106,193,865 174,352,234 36,142,434
------------- ----------- ----------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 109,857,886 108,432,370 198,985,709 38,920,012
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 196,573,059 5,316,805 109,329,873 2,005,428
------------- ----------- ----------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... $ 306,430,945 113,749,175 308,315,582 40,925,440
============= =========== =========== ==========
</TABLE>
<TABLE>
<CAPTION>
FidVIPHIS FidVIPOvS
---------------------------- ---------------------------
1999 1998 1999 1998
----------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... 9,984,261 609,157 428,804 39,473
Mortality and expense risk charges
(note 2): ........................... (614,960) (133,292) (161,868) (29,111)
----------- ---------- ---------- ----------
Net investment activity ............. 9,369,301 475,865 266,936 10,362
----------- ---------- ---------- ----------
Proceeds from mutual fund shares sold .. 15,932,874 178,035 38,295,402 36,268
Cost of mutual fund shares sold ........ (17,709,692) (189,567) (37,217,391) (33,991)
----------- ---------- ---------- ----------
Realized gain (loss) on investments . (1,776,818) (11,532) 1,078,011 2,277
Change in unrealized gain (loss)
on investments ...................... 499,650 (646,773) 697,234 263,680
----------- ---------- ---------- ----------
Net gain (loss) on investments ...... (1,277,168) (658,305) 1,775,245 265,957
----------- ---------- ---------- ----------
Reinvested capital gains ............... 373,243 387,069 691,619 116,340
----------- ---------- ---------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 8,465,376 204,629 2,733,800 392,659
----------- ---------- ---------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 39,669,505 55,930,129 11,739,454 10,270,903
Transfers between funds ................ 2,252,923 4,087,204 5,429,671 1,779,453
Redemptions ............................ (3,433,867) (422,204) (599,855) (79,377)
Contingent deferred sales charges
(note 2) ............................ (47,134) (1,838) (16,163) (246)
Adjustments to maintain reserves ....... 321 (35) 119 137
----------- ---------- ---------- ----------
Net equity transactions ........... 38,441,748 59,593,256 16,553,225 11,970,870
----------- ---------- ---------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 46,907,124 59,797,885 19,287,025 12,363,529
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 103,387,120 2,907,866 26,272,538 921,006
----------- ---------- ---------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... 150,294,244 62,705,751 45,559,563 13,284,535
=========== ========== ========== ==========
</TABLE>
8
<PAGE> 8
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
FidVIPConS FidVIPGrOpS
----------------------------- ----------------------------
1999 1998 1999 1998
------------ ---------- ----------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ 03,614 56,795 1,071,044 67,013
Mortality and expense risk charges
(note 2): ........................... (923,297) (116,310) (641,741) (105,478)
------------- ---------- ----------- ----------
Net investment activity ............. (219,683) (59,515) 429,303 (38,465)
------------- ---------- ----------- ----------
Proceeds from mutual fund shares sold .. 923,536 - 1,852,749 -
Cost of mutual fund shares sold ........ (749,244) - (1,566,483) -
------------- ---------- ----------- ----------
Realized gain (loss) on investments . 174,292 - 286,266 -
Change in unrealized gain (loss)
on investments ...................... 13,981,923 2,952,425 6,192,474 1,282,232
------------- ---------- ----------- ----------
Net gain (loss) on investments ...... 14,156,215 2,952,425 6,478,740 1,282,232
------------- ---------- ----------- ----------
Reinvested capital gains ............... 5,159,836 417,852 2,093,404 232,948
------------- ---------- ----------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 19,096,368 3,310,762 9,001,447 1,476,715
------------- ---------- ----------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 97,521,750 44,322,546 57,212,764 43,176,402
Transfers between funds ................ 23,999,442 4,989,024 4,483,068 3,143,635
Redemptions ............................ (3,839,870) (277,768) (3,123,300) (265,428)
Contingent deferred sales charges
(note 2) ............................ (67,460) (2,622) (70,522) (2,379)
Adjustments to maintain reserves ....... 1,212 (322) (612) (1,029)
------------- ---------- ----------- ----------
Net equity transactions ........... 117,615,074 49,030,858 58,501,398 46,051,201
------------- ---------- ----------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 136,711,442 52,341,620 67,502,845 47,527,916
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 128,667,017 3,711,506 100,601,545 2,578,270
------------- ---------- ----------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... $ 265,378,459 56,053,126 168,104,390 50,106,186
============= ========== =========== ==========
</TABLE>
<TABLE>
<CAPTION>
MSEmMkt NSATBal
-------------------------- ---------------------------
1999 1998 1999 1998
--------- --------- ---------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... - - 922,884 161,266
Mortality and expense risk charges
(note 2): ........................... (18,671) (6,957) (241,411) (39,825)
--------- --------- ---------- ----------
Net investment activity ............. (18,671) (6,957) 681,473 121,441
--------- --------- ---------- ----------
Proceeds from mutual fund shares sold .. 1,907,711 90,423 618,365 -
Cost of mutual fund shares sold ........ (2,686,734) (92,207) (582,333) -
--------- --------- ---------- ----------
Realized gain (loss) on investments . (779,023) (1,784) 36,032 -
Change in unrealized gain (loss)
on investments ...................... 1,240,920 (167,279) 2,071,844 89,079
--------- --------- ---------- ----------
Net gain (loss) on investments ...... 461,897 (169,063) 2,107,876 89,079
--------- --------- ---------- ----------
Reinvested capital gains ............... - - 921 -
--------- --------- ---------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 443,226 (176,020) 2,790,270 210,520
--------- --------- ---------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 1,164,428 2,366,366 19,553,752 15,424,568
Transfers between funds ................ 275,828 466,042 (1,302,358) 1,488,053
Redemptions ............................ (48,782) (19,599) (1,008,293) (123,039)
Contingent deferred sales charges
(note 2) ............................ (969) - (12,750) (658)
Adjustments to maintain reserves ....... (27) (27) 1,477,524 156
--------- --------- ---------- ----------
Net equity transactions ........... 1,390,477 2,812,782 18,707,875 16,789,080
--------- --------- ---------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 1,833,703 2,636,762 21,498,145 16,999,600
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 3,251,340 196,208 39,173,071 892,533
--------- --------- ---------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... 5,085,043 2,832,970 60,671,216 17,892,133
========= ========= ========== ==========
</TABLE>
(Continued)
9
<PAGE> 9
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
NSATCapAp NSATEqInc
------------------------------ --------------------------
1999 1998 1999 1998
------------- ---------- --------- ---------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ 724,723 218,856 42,594 19,959
Mortality and expense risk charges
(note 2): ........................... (1,159,637) (155,892) (77,796) (18,172)
------------- ---------- ---------- ---------
Net investment activity ............. (434,914) 62,964 (35,202) 1,787
------------- ---------- ---------- ---------
Proceeds from mutual fund shares sold .. 6,579,478 - 298,097 14,293
Cost of mutual fund shares sold ........ (5,304,872) - (251,403) (13,972)
------------- ---------- ---------- ---------
Realized gain (loss) on investments . 1,274,606 - 46,694 321
Change in unrealized gain (loss)
on investments ...................... 28,866,892 4,051,569 1,478,353 267,472
------------- ---------- ---------- ---------
Net gain (loss) on investments ...... 30,141,498 4,051,569 1,525,047 267,793
------------- ---------- ---------- ---------
Reinvested capital gains ............... - - 10,580 -
------------- ---------- ---------- ---------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 29,706,584 4,114,533 1,500,425 269,580
------------- ---------- ---------- ---------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 94,015,356 70,493,331 4,804,881 6,391,812
Transfers between funds ................ (8,468,758) 5,745,175 1,167,075 277,908
Redemptions ............................ (5,783,828) (404,446) (355,600) (50,570)
Contingent deferred sales charges
(note 2) ............................ (113,363) (1,081) (4,002) (842)
Adjustments to maintain reserves ....... (894,636) (281) 88 (365)
------------- ---------- ---------- ---------
Net equity transactions ........... 78,754,771 75,832,698 5,612,443 6,617,943
------------- ---------- ---------- ---------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 108,461,355 79,947,231 7,112,868 6,887,523
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 195,527,481 2,661,405 12,791,973 592,741
------------- ---------- ---------- ---------
CONTRACT OWNERS' EQUITY END OF PERIOD .... $ 303,988,836 82,608,636 19,904,841 7,480,264
============= ========== ========== =========
</TABLE>
<TABLE>
<CAPTION>
NSATGlobEq NSATGvtBd
-------------------------- ----------------------------
1999 1998 1999 1998
---------- -------- ----------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... 84,642 66,206 4,807,766 1,094,640
Mortality and expense risk charges
(note 2): ........................... (94,623) (19,803) (799,822) (125,626)
---------- --------- ----------- ----------
Net investment activity ............. (9,981) 46,403 4,007,944 969,014
---------- --------- ----------- ----------
Proceeds from mutual fund shares sold .. 152,557 158,962 7,231,106 135,689
Cost of mutual fund shares sold ........ (121,281) (156,094) (7,242,623) (135,099)
---------- --------- ----------- ----------
Realized gain (loss) on investments . 31,276 2,868 (11,517) 590
Change in unrealized gain (loss)
on investments ...................... 1,438,278 291,311 (8,300,092) 46,472
---------- --------- ----------- ----------
Net gain (loss) on investments ...... 1,469,554 294,179 (8,311,609) 47,062
---------- --------- ----------- ----------
Reinvested capital gains ............... 50,929 - - -
---------- --------- ----------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 1,510,502 340,582 (4,303,665) 1,016,076
---------- --------- ----------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 5,919,999 7,056,113 85,612,418 55,133,168
Transfers between funds ................ 1,279,708 671,128 (15,675,932) (4,381,026)
Redemptions ............................ (395,301) (42,742) (5,375,871) (271,072)
Contingent deferred sales charges
(note 2) ............................ (3,138) (276) (87,093) (1,786)
Adjustments to maintain reserves ....... 897,291 (4) (359,994) 990
---------- --------- ----------- ----------
Net equity transactions ........... 7,698,559 7,684,219 64,113,528 50,480,274
---------- --------- ----------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 9,209,061 8,024,801 59,809,863 51,496,350
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 15,026,672 513,483 135,739,661 3,170,009
---------- --------- ----------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... 24,235,733 8,538,284 195,549,524 54,666,359
========== ========= =========== ==========
</TABLE>
10
<PAGE> 10
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
NSATHIncBd NSATMyMkt
---------------------------- ---------------------------
1999 1998 1999 1998
------------ ---------- ----------- -----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ 1,632,272 276,651 4,874,800 1,407,541
Mortality and expense risk charges
(note 2): ........................... (189,815) (30,275) (1,065,069) (268,545)
------------ ---------- ----------- -----------
Net investment activity ............. 1,442,457 246,376 3,809,731 1,138,996
------------ ---------- ----------- -----------
Proceeds from mutual fund shares sold .. 4,153,160 17,724 183,344,315 11,774,723
Cost of mutual fund shares sold ........ (4,255,684) (16,884) (183,344,315) (11,774,723)
------------ ---------- ----------- -----------
Realized gain (loss) on investments . (102,524) 840 - -
Change in unrealized gain (loss)
on investments ...................... (761,642) (90,277) - -
------------ ---------- ----------- -----------
Net gain (loss) on investments ...... (864,166) (89,437) - -
------------ ---------- ----------- -----------
Reinvested capital gains ............... 20,477 - - -
------------ ---------- ----------- -----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 598,768 156,939 3,809,731 1,138,996
------------ ---------- ----------- -----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 14,907,728 12,213,357 246,567,133 186,043,862
Transfers between funds ................ 337,149 1,113,563 (170,826,817) (91,737,935)
Redemptions ............................ (1,088,724) (47,416) (11,280,541) (2,962,036)
Contingent deferred sales charges
(note 2) ............................ (17,422) (410) (191,935) (39,649)
Adjustments to maintain reserves ....... 18 (3) (3,312) 16,525
------------ ---------- ----------- -----------
Net equity transactions ........... 14,138,749 13,279,091 64,264,528 91,320,767
------------ ---------- ----------- -----------
NET CHANGE IN CONTRACT OWNERS' EQUITY ...... 14,737,517 13,436,030 68,074,259 92,459,763
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 29,999,540 913,981 191,311,362 13,185,940
------------ ---------- ----------- -----------
CONTRACT OWNERS' EQUITY END OF PERIOD ...... $ 44,737,057 14,350,011 259,385,621 105,645,703
============ ========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
NSATSecBd NSATMidCap
-------------------------- --------------------------
1999 1998 1999 1998
---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... 1,291,422 257,162 18,478 14,429
Mortality and expense risk charges
(note 2): ........................... (195,363) (41,318) (41,086) (10,505)
---------- ---------- ---------- ---------
Net investment activity ............. 1,096,059 215,844 (22,608) 3,924
---------- ---------- ---------- ---------
Proceeds from mutual fund shares sold .. 1,336,217 17,958 740,762 85,216
Cost of mutual fund shares sold ........ (1,391,010) (17,588) (711,352) (80,512)
---------- ---------- ---------- ---------
Realized gain (loss) on investments . (54,793) 370 29,410 4,704
Change in unrealized gain (loss)
on investments ...................... (1,717,925) (219,480) 927,877 90,839
---------- ---------- ---------- ---------
Net gain (loss) on investments ...... (1,772,718) (219,110) 957,287 95,543
---------- ---------- ---------- ---------
Reinvested capital gains ............... - - - -
---------- ---------- ---------- ---------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... (676,659) (3,266) 934,679 99,467
---------- ---------- ---------- ---------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 13,017,214 15,210,546 1,853,964 3,533,619
Transfers between funds ................ (495,904) 2,416,310 313,727 360,265
Redemptions ............................ (1,072,929) (92,986) (183,162) (16,908)
Contingent deferred sales charges
(note 2) ............................ (14,111) (1,079) (4,062) (252)
Adjustments to maintain reserves ....... (47) 94 359,845 4
---------- ---------- ---------- ---------
Net equity transactions ........... 11,434,223 17,532,885 2,340,312 3,876,728
---------- ---------- ---------- ---------
NET CHANGE IN CONTRACT OWNERS' EQUITY ...... 10,757,564 17,529,619 3,274,991 3,976,195
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 34,953,838 1,041,296 7,244,061 229,062
---------- ---------- ---------- ---------
CONTRACT OWNERS' EQUITY END OF PERIOD ...... 45,711,402 18,570,915 10,519,052 4,205,257
========== ========== ========== =========
</TABLE>
(Continued)
11
<PAGE> 11
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
NSATSmCapG NSATSmCapV
--------------------- -------------------------
1999 1998 1999 1998
----------- ----- ---------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ - - - -
Mortality and expense risk charges
(note 2): ........................... - - (166,498) (35,213)
----------- ----- ---------- ----------
Net investment activity ............. (96) - (166,498) (35,213)
----------- ----- ---------- ----------
Proceeds from mutual fund shares sold .. 156,911 - 4,451,669 42,378
Cost of mutual fund shares sold ........ (156,895) - (4,788,642) (39,503) (
----------- ----- ---------- ----------
Realized gain (loss) on investments . 16 - (336,973) 2,875
Change in unrealized gain (loss)
on investments ...................... 136,363 - 7,177,840 (382,846)
----------- ----- ---------- ----------
Net gain (loss) on investments ...... 136,379 - 6,840,867 (379,971)
----------- ----- ---------- ----------
Reinvested capital gains ............... - - 1,676,398 -
----------- ----- ---------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 136,283 - 8,350,767 (415,184)
----------- ----- ---------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 1,173,743 - 7,297,500 13,110,815
Transfers between funds ................ 44,003 - 2,908,138 2,119,536
Redemptions ............................ (4,213) - (527,492) (58,885)
Contingent deferred sales charges
(note 2) ............................ - - (12,499) (23)
Adjustments to maintain reserves ....... (101,193) - 566,495 38
----------- ----- ---------- ----------
Net equity transactions ........... 1,112,340 - 10,232,142 15,171,481
----------- ----- ---------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 1,248,623 - 18,582,909 14,756,297
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. - - 29,728,543 1,157,154
----------- ----- ---------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... $ 1,248,623 - 48,311,452 15,913,451
=========== ===== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
NSATSmCo NSATStrGro
------------------------- -------------------------
1999 1998 1999 1998
---------- ---------- ---------- ---------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... - - - -
Mortality and expense risk charges
(note 2): ........................... (229,291) (59,255) (63,703) (12,220)
---------- ---------- ---------- ---------
Net investment activity ............. (229,291) (59,255) (63,703) (12,220)
---------- ---------- ---------- ---------
Proceeds from mutual fund shares sold .. 17,440,272 - 3,410,021 12,423
Cost of mutual fund shares sold ........ (18,582,467) - (2,811,380) (11,202)
---------- ---------- ---------- ---------
Realized gain (loss) on investments . (1,142,195) - 598,641 1,221
Change in unrealized gain (loss)
on investments ...................... 5,051,895 62,404 2,441,543 247,883
---------- ---------- ---------- ---------
Net gain (loss) on investments ...... 3,909,700 62,404 3,040,184 249,104
---------- ---------- ---------- ---------
Reinvested capital gains ............... - - - -
---------- ---------- ---------- ---------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 3,680,409 3,149 2,976,481 236,884
---------- ---------- ---------- ---------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 12,910,532 21,040,412 4,878,362 4,503,596
Transfers between funds ................ 4,198,680 3,055,053 6,273,056 374,759
Redemptions ............................ (997,906) (150,283) (267,766) (16,084)
Contingent deferred sales charges
(note 2) ............................ (26,964) (664) (3,136) (657)
Adjustments to maintain reserves ....... (5,086) (71) 105 (30)
---------- ---------- ---------- ---------
Net equity transactions ........... 16,079,256 23,944,447 10,880,621 4,861,584
---------- ---------- ---------- ---------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 19,759,665 23,947,596 13,857,102 5,098,468
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 43,011,425 1,558,315 8,737,476 326,042
---------- ---------- ---------- ---------
CONTRACT OWNERS' EQUITY END OF PERIOD .... 62,771,090 25,505,911 22,594,578 5,424,510
========== ========== ========== =========
</TABLE>
12
<PAGE> 12
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
NSATStrVal NSATTotRe
---------------------------- ---------------------------
1999 1998 1999 1998
------------ --------- ----------- -----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ............................ $ 59,156 19,811 1,409,392 522,242
Mortality and expense risk charges
(note 2): .................................... (66,182) (20,819) (1,675,079) (317,407)
------------ --------- ----------- -----------
Net investment activity ...................... (7,026) (1,008) (265,687) 204,835
------------ --------- ----------- -----------
Proceeds from mutual fund shares sold ........... 2,887,579 641,304 1,552,536 425,198
Cost of mutual fund shares sold ................. (3,105,308) (588,014) (1,363,535) (397,397)
------------ --------- ----------- -----------
Realized gain (loss) on investments .......... (217,729) 53,290 189,001 27,801
Change in unrealized gain (loss)
on investments ............................... 1,013,265 (299,633) 35,516,392 4,021,183
------------ --------- ----------- -----------
Net gain (loss) on investments ............... 795,536 (246,343) 35,705,393 4,048,984
------------ --------- ----------- -----------
Reinvested capital gains ........................ 203,060 - 152,895 -
------------ --------- ----------- -----------
Net increase (decrease) in contract
owners' equity resulting from
operations .............................. 991,570 (247,351) 35,592,601 4,253,819
------------ --------- ----------- -----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners .............................. 2,353,162 8,353,578 115,722,893 148,066,282
Transfers between funds ......................... (1,723,918) 652,604 (3,767,589) 5,005,324
Redemptions ..................................... (282,363) (35,281) (9,330,048) (953,814)
Contingent deferred sales charges
(note 2) ..................................... (6,834) (279) (179,733) (8,945)
Adjustments to maintain reserves ................ 14 (83) (76,507) (2,634)
------------ --------- ----------- -----------
Net equity transactions .................... 340,060 8,970,539 102,369,016 152,106,213
------------ --------- ----------- -----------
NET CHANGE IN CONTRACT OWNERS' EQUITY ............. 1,331,630 8,723,188 137,961,617 156,360,032
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD ....................................... 13,606,737 483,463 285,881,294 6,058,146
------------ --------- ----------- -----------
CONTRACT OWNERS' EQUITY END OF PERIOD ............. $ 14,938,367 9,206,651 423,842,911 162,418,178
============ ========= =========== ===========
</TABLE>
<TABLE>
<CAPTION>
NBAMTGuard NBAMTMCGr
-------------------------- --------------------------
1999 1998 1999 1998
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ............................ 136,645 1,976 - 2,804
Mortality and expense risk charges
(note 2): .................................... (216,777) (31,557) (172,751) (31,655)
---------- ---------- ---------- ----------
Net investment activity ...................... (80,132) (29,581) (172,751) (28,851)
---------- ---------- ---------- ----------
Proceeds from mutual fund shares sold ........... 2,284,994 282,839 8,209,872 48,056
Cost of mutual fund shares sold ................. (2,151,944) (213,169) (7,011,576) (33,151)
---------- ---------- ---------- ----------
Realized gain (loss) on investments .......... 133,050 69,670 1,198,296 14,905
Change in unrealized gain (loss)
on investments ............................... 6,856,552 814,051 306,667 1,486,108
---------- ---------- ---------- ----------
Net gain (loss) on investments ............... 6,989,602 883,721 1,504,963 1,501,013
---------- ---------- ---------- ----------
Reinvested capital gains ........................ - - 854,495 19,626
---------- ---------- ---------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations .............................. 6,909,470 854,140 2,186,707 1,491,788
---------- ---------- ---------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners .............................. 16,144,456 10,409,623 18,477,102 9,482,465
Transfers between funds ......................... 4,270,917 5,838,170 (2,306,095) 2,499,743
Redemptions ..................................... (625,807) (125,365) (926,052) (210,254)
Contingent deferred sales charges
(note 2) ..................................... (18,419) (498) (14,970) (756)
Adjustments to maintain reserves ................ 389 (9) 87 64
---------- ---------- ---------- ----------
Net equity transactions .................... 19,771,536 16,121,921 15,230,071 11,771,262
---------- ---------- ---------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY ............. 26,681,006 16,976,061 17,416,778 13,263,050
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD ....................................... 32,358,200 462,067 28,359,137 1,581,322
---------- ---------- ---------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD ............. 59,039,206 17,438,128 45,775,915 14,844,372
========== ========== ========== ==========
</TABLE>
(Continued)
13
<PAGE> 13
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
NBAMTPart OppAggGro
------------------------------ ---------------------------
1999 1998 1999 1998
------------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ 1,329,409 110,164 - 9,456
Mortality and expense risk charges
(note 2): ........................... (563,425) (232,638) (173,476) (28,177)
------------- ---------- ---------- ----------
Net investment activity ............. 765,984 (122,474) (173,476) (18,721)
------------- ---------- ---------- ----------
Proceeds from mutual fund shares sold .. 6,658,927 833,649 22,354,462 44,922
Cost of mutual fund shares sold ........ (6,996,457) (838,575) (19,414,304) (42,570)
------------- ---------- ---------- ----------
Realized gain (loss) on investments . (337,530) (4,926) 2,940,158 2,352
Change in unrealized gain (loss)
on investments ...................... 11,228,853 (3,863,521) 3,997,654 870,434
------------- ---------- ---------- ----------
Net gain (loss) on investments ...... 10,891,323 (3,868,447) 6,937,812 872,786
------------- ---------- ---------- ----------
Reinvested capital gains ............... 2,312,016 3,470,168 - 97,107
------------- ---------- ---------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 13,969,323 (520,753) 6,764,336 951,172
------------- ---------- ---------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 18,179,789 72,378,126 11,312,715 11,108,749
Transfers between funds ................ (10,285,646) 4,854,052 1,701,982 1,119,396
Redemptions ............................ (2,379,176) (581,536) (688,707) (43,704)
Contingent deferred sales charges
(note 2) ............................ (58,737) (3,465) (19,300) (155)
Adjustments to maintain reserves ....... 861 (1,455) 301 36
------------- ---------- ---------- ----------
Net equity transactions ........... 5,457,090 76,645,722 12,306,992 12,184,322
------------- ---------- ---------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 19,426,413 76,124,969 19,071,328 13,135,494
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 108,935,535 13,361,586 27,386,709 720,441
------------- ---------- ---------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... $ 128,361,948 89,486,555 46,458,037 13,855,935
============= ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
OppGro OppGrInc
--------------------------- ---------------------------
1999 1998 1999 1998
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... 188,198 37,971 256,716 15,499
Mortality and expense risk charges
(note 2): ........................... (296,197) (37,982) (300,266) (48,467)
---------- ---------- ---------- ----------
Net investment activity ............. (107,999) (11) (43,550) (32,968)
---------- ---------- ---------- ----------
Proceeds from mutual fund shares sold .. 773,598 - 1,905,965 8,821
Cost of mutual fund shares sold ........ (644,136) - (1,907,326) (7,753)
---------- ---------- ---------- ----------
Realized gain (loss) on investments . 129,462 - (1,361) 1,068
Change in unrealized gain (loss)
on investments ...................... 7,075,841 529,042 8,139,924 221,076
---------- ---------- ---------- ----------
Net gain (loss) on investments ...... 7,205,303 529,042 8,138,563 222,144
---------- ---------- ---------- ----------
Reinvested capital gains ............... 2,067,307 458,139 432,510 341,298
---------- ---------- ---------- ----------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 9,164,611 987,170 8,527,523 530,474
---------- ---------- ---------- ----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 30,945,881 15,905,995 23,166,216 20,755,769
Transfers between funds ................ 7,460,327 887,502 (2,426,959) 2,155,235
Redemptions ............................ (1,188,284) (105,308) (1,342,144) (123,265)
Contingent deferred sales charges
(note 2) ............................ (28,067) (2,614) (25,149) (1,249)
Adjustments to maintain reserves ....... 498 (155) 537 (25)
---------- ---------- ---------- ----------
Net equity transactions ........... 37,190,354 16,685,420 19,372,502 22,786,465
---------- ---------- ---------- ----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 46,354,965 17,672,590 27,900,025 23,316,939
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 41,340,619 950,233 51,643,553 1,084,375
---------- ---------- ---------- ----------
CONTRACT OWNERS' EQUITY END OF PERIOD .... 87,695,584 18,622,823 79,543,578 24,401,314
========== ========== ========== ==========
</TABLE>
14
<PAGE> 14
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
VEWrldEMkt VEWrldHAs
---------------------------- -------------------------
1999 1998 1999 1998
------------ --------- --------- ---------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends .............................. $ - 10,120 32,691 2,513
Mortality and expense risk charges
(note 2): ...................................... (38,586) (12,284) (15,661) (4,408)
------------ --------- --------- ---------
Net investment activity ........................ (38,586) (2,164) 17,030 (1,895)
------------ --------- --------- ---------
Proceeds from mutual fund shares sold ............. 4,826,607 803,648 12,475,638 13,042
Cost of mutual fund shares sold ................... (4,748,588) (860,939) (11,928,669) (16,128)
------------ --------- --------- ---------
Realized gain (loss) on investments ............ 78,019 (57,291) 546,969 (3,086)
Change in unrealized gain (loss)
on investments ................................. 3,211,358 (780,028) 116,865 (222,069)
------------ --------- --------- ---------
Net gain (loss) on investments ................. 3,289,377 (837,319) 663,834 (225,155)
------------ --------- --------- ---------
Reinvested capital gains .......................... - 8,995 - 61,720
------------ --------- --------- ---------
Net increase (decrease) in contract
owners' equity resulting from
operations ................................ 3,250,791 (830,488) 680,864 (165,330)
------------ --------- --------- ---------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ................................ 2,364,771 3,870,771 1,096,249 1,501,381
Transfers between funds ........................... 7,600,782 (417,134) 1,010,313 194,383
Redemptions ....................................... (155,470) (49,712) (54,719) (24,475)
Contingent deferred sales charges
(note 2) ....................................... (3,771) (41) (322) (186)
Adjustments to maintain reserves .................. 174 149 74 (255)
------------ --------- --------- ---------
Net equity transactions ...................... 9,806,487 3,404,033 2,051,595 1,670,848
------------ --------- --------- ---------
NET CHANGE IN CONTRACT OWNERS' EQUITY ............... 13,057,278 2,573,545 2,732,459 1,505,518
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD ......................................... 4,734,742 657,536 2,047,555 220,179
------------ --------- --------- ---------
CONTRACT OWNERS' EQUITY END OF PERIOD ............... $ 17,792,020 3,231,081 4,780,014 1,725,697
============ ========= ========= =========
</TABLE>
<TABLE>
<CAPTION>
VKMSRESec WPGrInc
-------------------------- ------------------------
1999 1998 1999 1998
---------- ---------- ---------- -------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends .............................. 1,176,823 10,631 - -
Mortality and expense risk charges
(note 2): ...................................... (91,556) (35,930) (75,171) (15,892)
---------- ---------- ---------- ---------
Net investment activity ........................ 1,085,267 (25,299) (75,171) (15,892)
---------- ---------- ---------- ---------
Proceeds from mutual fund shares sold ............. 4,483,602 89,461 975,381 35,654
Cost of mutual fund shares sold ................... (5,106,230) (102,351) (840,016) (32,559)
---------- ---------- ---------- ---------
Realized gain (loss) on investments ............ (622,628) (12,890) 135,365 3,095
Change in unrealized gain (loss)
on investments ................................. 1,019,525 (444,637) 2,185,487 218,642
---------- ---------- ---------- ---------
Net gain (loss) on investments ................. 396,897 (457,527) 2,320,852 221,737
---------- ---------- ---------- ---------
Reinvested capital gains .......................... - 104,608 - -
---------- ---------- ---------- ---------
Net increase (decrease) in contract
owners' equity resulting from
operations ................................ 1,482,164 (378,218) 2,245,681 205,845
---------- ---------- ---------- ---------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ................................ 4,266,768 12,511,790 4,741,746 6,235,906
Transfers between funds ........................... (1,603,270) 1,041,659 986,572 723,253
Redemptions ....................................... (586,193) (65,953) (268,531) (27,192)
Contingent deferred sales charges
(note 2) ....................................... (15,697) (355) (3,974) (656)
Adjustments to maintain reserves .................. 57 (204) (566,116) (806)
---------- ---------- ---------- ---------
Net equity transactions ...................... 2,061,665 13,486,937 4,889,697 6,930,505
---------- ---------- ---------- ---------
NET CHANGE IN CONTRACT OWNERS' EQUITY ............... 3,543,829 13,108,719 7,135,378 7,136,350
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD ......................................... 18,011,188 1,060,268 13,095,692 435,020
---------- ---------- ---------- ---------
CONTRACT OWNERS' EQUITY END OF PERIOD ............... 21,555,017 14,168,987 20,231,070 7,571,370
========== ========== ========== =========
</TABLE>
(Continued)
15
<PAGE> 15
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF OPERATIONS AND CHANGES
IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
WPIntEq WPPVenCap
---------------------------- --------------------------
1999 1998 1999 1998
------------ ---------- ---------- ---------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ................... $ - - - -
Mortality and expense risk charges
(note 2): ........................... (87,198) (24,463) (35,668) (6,901)
------------ ---------- ---------- ---------
Net investment activity ............. (87,198) (24,463) (35,668) (6,901)
------------ ---------- ---------- ---------
Proceeds from mutual fund shares sold .. 20,145,849 128,273 3,187,428 31,757
Cost of mutual fund shares sold ........ (20,441,773) (125,342) (3,246,627) (27,586)
------------ ---------- ---------- ---------
Realized gain (loss) on investments . (295,924) 2,931 (59,199) 4,171
Change in unrealized gain (loss)
on investments ...................... 1,751,201 205,304 1,017,981 131,636
------------ ---------- ---------- ---------
Net gain (loss) on investments ...... 1,455,277 208,235 958,782 135,807
------------ ---------- ---------- ---------
Reinvested capital gains ............... - - - -
------------ ---------- ---------- ---------
Net increase (decrease) in contract
owners' equity resulting from
operations ..................... 1,368,079 183,772 923,114 128,906
------------ ---------- ---------- ---------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ..................... 5,161,161 8,396,403 1,902,358 2,768,435
Transfers between funds ................ 3,877,768 1,071,525 5,726,912 1,105,147
Redemptions ............................ (429,867) (32,638) (122,409) (6,462)
Contingent deferred sales charges
(note 2) ............................ (16,245) (373) (3,869) (11)
Adjustments to maintain reserves ....... (1,477,360) (113) (20) (1)
------------ ---------- ---------- ---------
Net equity transactions ........... 7,115,457 9,434,804 7,502,972 3,867,108
------------ ---------- ---------- ---------
NET CHANGE IN CONTRACT OWNERS' EQUITY .... 8,483,536 9,618,576 8,426,086 3,996,014
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .............................. 15,824,159 813,257 6,508,542 142,473
------------ ---------- ---------- ---------
CONTRACT OWNERS' EQUITY END OF PERIOD .... $ 24,307,695 10,431,833 14,934,628 4,138,487
============ ========== ========== =========
</TABLE>
See accompanying notes to financial statements.
16
<PAGE> 16
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1999 AND 1998
(UNAUDITED)
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Organization and Nature of Operations
The Nationwide Variable Account-9 (the Account) was established pursuant
to a resolution of the Board of Directors of Nationwide Life Insurance
Company (the Company) on May 22, 1997. The Account has been registered
as a unit investment trust under the Investment Company Act of 1940.
The Company offers tax qualified and non-tax qualified Modified Single
Premium Deferred Variable Annuity Contracts through the Account. The
primary distribution for the contracts is through the brokerage
community;however, other distributors are utilized.
(b) The Contracts
Only contracts without a front-end sales charge, but with a contingent
deferred sales charge and certain other fees are offered for
purchase. See note 2 for a discussion of contract expenses.
With certain exceptions, contract owners in either the accumulation or
the payout phase may invest in the following:
Portfolios of the American Century Variable Portfolios,Inc.
(American Century VP);
American Century VP - American Century VP Income & Growth
(ACVPIncGr)
American Century VP - American Century VP International (ACVPInt)
American Century VP - American Century VP Value (ACVPValue)
The Dreyfus Socially Responsible Growth Fund, Inc.(DrySRGro)
Dreyfus Stock Index Fund (DryStkIx)
Portfolio of the Dreyfus Variable Investment Fund (Dreyfus VIF);
Dreyfus VIF - Capital Appreciation Portfolio (DryCapAp)
Federated Insurance Series:Federated Quality Bond Fund II
(FedQualBal)
Portfolios of the Fidelity Variable Insurance Products Fund
(Fidelity VIPS);
Fidelity VIP - Equity-Income Portfolio - Service Class (FidVIPEIS)
Fidelity VIP - Growth Portfolio - Service Class (FidVIPGrS)
Fidelity VIP - High Income Portfolio - Service Class (FidVIPHIS)
Fidelity VIP - Overseas Portfolio - Service Class (FidVIPOvS)
Portfolio of the Fidelity Variable Insurance Products Fund II
(Fidelity VIP-II); Fidelity VIP-II - Contrafund Portfolio -
Service Class (FidVIPConS)
Portfolio of the Fidelity Variable Insurance Products Fund III
(Fidelity VIP-III); Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class (FidVIPGrOpS)
Portfolio of the Morgan Stanley Universal Funds, Inc.(Morgan
Stanley); Morgan Stanley - Emerging Markets Debt Portfolio
(MSEmMkt)
Funds of the Nationwide Separate Account Trust (Nationwide SAT)
(managed for a fee by an affiliated investment advisor);
Nationwide SAT - Balanced Fund (NSATBal)
Nationwide SAT - Capital Appreciation Fund (NSATCapAp)
Nationwide SAT - Equity Income Fund (NSATEqInc)
Nationwide SAT - Global Equity Fund (NSATGlobEq)
Nationwide SAT - Government Bond Fund (NSATGvtBd)
Nationwide SAT - High Income Bond Fund (NSATHIncBd)
Nationwide SAT - Money Market Fund (NSATMyMkt)
Nationwide SAT - Multi Sector Bond Fund (NSATMSecBd)
17
<PAGE> 17
Nationwide SAT - Select Advisers Mid Cap Fund (NSATMidCap)
Nationwide SAT - Small Cap Value Fund (NSATSmCapV)
Nationwide SAT - Small Company Fund (NSATSmCo)
Nationwide SAT - Strategic Growth Fund (NSATStrGro)
Nationwide SAT - Strategic Value Fund (NSATStrVal)
Nationwide SAT - Total Return Fund (NSATTotRe)
Portfolios of the Neuberger & Berman Advisers Management Trust
(Neuberger &Berman AMT);
Neuberger & Berman AMT - Guardian Portfolio (NBAMTGuard)
Neuberger & Berman AMT - Mid-Cap Growth Portfolio (NBAMTMCGr)
Neuberger & Berman AMT - Partners Portfolio (NBAMTPart)
Funds of the Oppenheimer Variable Account Funds (Oppenheimer VAF);
Oppenheimer VAF - Aggressive Growth Fund (OppAggGro)
(formerly Oppenheimer VAF - Capital Appreciation Fund)
Oppenheimer VAF - Growth Fund (OppGro)
Oppenheimer VAF - Growth & Income Fund (OppGrInc)
Funds of the Van Eck Worldwide Insurance Trust (Van Eck WIT);
Van Eck WIT - Worldwide Emerging Markets Fund (VEWrldEMkt)
Van Eck WIT - Worldwide Hard Assets Fund (VEWrldHAs)
Portfolio of the Van Kampen Life Investment Trust (Van Kampen LIT);
Van Kampen LIT - Morgan Stanley Real Estate Securities Portfolio
(VKMSRESec)
Portfolios of the Warburg Pincus Trust;
Warburg Pincus Trust - Growth & Income Portfolio (WPGrInc)
Warburg Pincus Trust - International Equity Portfolio (WPIntEq)
Warburg Pincus Trust - Post Venture Capital Portfolio (WPPVenCap)
At June 30, 1999, contract owners have invested in all of the above
funds. The contract owners' equity is affected by the investment results
of each fund, equity transactions by contract owners and certain
contract expenses (see note 2). The accompanying financial statements
include only contract owners' purchase payments pertaining to the
variable portions of their contracts and exclude any purchase payments
for fixed dollar benefits, the latter being included in the accounts of
the Company. A contract owner may choose from among a number of
different underlying mutual fund options. The underlying mutual fund
options are not available to the general public directly. The underlying
mutual funds are available as investment options in variable life
insurance policies or variable annuity contracts issued by life
insurance companies or, in some cases, through participation in certain
qualified pension or retirement plans. Some of the underlying mutual
funds have been established by investment advisers which manage publicly
traded mutual funds having similar names and investment objectives.
While some of the underlying mutual funds may be similar to, and may in
fact be modeled after, publicly traded mutual funds, the underlying
mutual funds are not otherwise directly related to any publicly traded
mutual fund. Consequently, the investment performance of publicly traded
mutual funds and any corresponding underlying mutual funds may differ
substantially.
(c) Security Valuation, Transactions and Related Investment Income
The market value of the underlying mutual funds is based on the closing
net asset value per share at June 30, 1999. The cost of investments sold
is determined on the specific identification basis. Investment
transactions are accounted for on the trade date (date the order to buy
or sell is executed) and dividend income is recorded on the ex-dividend
date.
(d) Federal Income Taxes
Operations of the Account form a part of, and are taxed with, operations
of the Company which is taxed as a life insurance company under the
Internal Revenue Code.
The Company does not provide for income taxes within the Account. Taxes
are the responsibility of the contract owner upon termination or
withdrawal.
18
<PAGE> 18
(e) Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with generally
accepted accounting principles may require management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities, if any,
at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results could
differ from those estimates.
(2) EXPENSES
(a) Sales Charges
The Company does not deduct a sales charge from purchase payments
received from the contract owners. However, if any part of the contract
value of such contracts is surrendered the Company will, with certain
exceptions, deduct from a contract owner's contract value a contingent
deferred sales charge not to exceed 7% of the lesser of purchase
payments or the amount surrendered, such charge declining 1% per year,
to 0% after the purchase payment has been held in the contract for 84
months. On NEA Valuebuilder Select Roth IRA and BOA V Roth IRA
contracts, for an additional charge of 0.15% of the daily net assets,
such charge will decline to 0%, after the purchases payment has been
held in the contract for 60 months.
For all contracts, except BOA Exclusive II, which have elected a death
benefit option at the time of application, the following long term care
facility provisions also apply. Beginning at the third contract
anniversary, surrender charges on withdrawals will not apply if a
contract owner is diagnosed with a terminal illness or has been confined
to a long term care facility or hospital for a continuous 90 day period
which has commenced any time after the date of issue.
No sales charges are deducted on BOA Exclusive II contracts and no sales
charges are deducted on redemptions used to purchase units in the fixed
investment options of the Company.
(b) Mortality and Expense Risk Charges
The Company deducts a mortality and expense risk charge assessed through
the daily unit value calculation. The following table provides
mortality, expense and administration charges by asset fee rate for the
six month period ended June 30, 1999:
<TABLE>
<CAPTION>
Total ACVPIncGr ACVPInt ACVPValue DrySRGro
--------- --------- ------- --------- --------
<S> <C> <C> <C> <C> <C>
0.95% .......... $8,809,320 197,289 190,677 71,753 149,341
1.00% .......... 5,833,478 119,333 114,135 36,526 105,302
1.05% .......... 1,210,175 20,244 20,647 9,513 19,556
1.10% .......... 66,153 3,963 458 96 4,969
1.15% .......... 18,900 1,135 382 19 1,111
1.20% .......... 305,964 7,073 8,062 3,940 4,809
1.25% .......... 20,306 533 563 720 273
1.30% .......... 123,873 4,750 3,063 308 2,371
1.35% .......... 10,163 633 52 17 320
1.40% .......... 561 20 - - 16
1.45% .......... 53 - - - 6
1.50% .......... 137 3 - - 7
1.70% . . . . .. 14 - - - -
----------- ------- ------- ------- -------
Total ...... $16,399,096 354,976 338,039 122,893 288,082
=========== ======= ======= ======= =======
</TABLE>
19
<PAGE> 19
<TABLE>
<CAPTION>
DryStkIx DryCapAp FedQualBd FidVIPEIS FidVIPGrS
----------- -------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
0.95% ......... $ 1,175,738 234,677 92 606,613 506,417
1.00% ......... 791,886 141,060 8 457,904 361,421
1.05% ......... 153,062 36,122 16 99,975 66,556
1.10% ......... 10,848 3,440 - 2,336 5,404
1.15% ......... 3,449 1,435 - 681 1,808
1.20% ......... 36,579 11,773 24 13,897 27,380
1.25% ......... 2,532 434 - 1,966 2,240
1.30% ......... 26,784 4,018 - 3,595 7,488
1.35% ......... 1,388 210 6 379 533
1.40% ......... 24 - - 31 54
1.45% ......... 7 - - 13 7
1.50% ......... 25 - - 10 11
1.70% ......... 3 - - 3 3
----------- ------- ------- --------- -------
Total...... $ 2,202,326 433,169 146 1,187,404 979,321
=========== ======= ======= ========= =======
FidVIPHIS FidVIPOvS FidVIPConS FidVIPGrOpS MSEmMkt
----------- --------- ---------- ----------- -------
0.95% ......... $ 328,986 90,029 499,201 318,871 11,783
1.00% ......... 206,326 51,112 330,121 262,756 4,487
1.05% ......... 66,335 14,321 56,468 43,212 1,595
1.10% ......... 1,197 44 5,591 1,384 11
1.15% ......... 275 50 1,011 100 11
1.20% ......... 9,454 4,797 23,715 12,325 707
1.25% ......... 564 347 644 447 11
1.30% ......... 1,501 1,064 5,855 2,192 66
1.35% ......... 284 104 610 408 -
1.40% ......... 35 - 73 45 -
1.45% ......... - - - - -
1.50% ......... 1 1 8 - -
1.70% ......... - - - - -
----------- ------- ------- ------- ------
Total...... $ 614,960 161,868 923,297 641,741 18,671
=========== ======= ======= ======= ======
NSATBal NSATCapAp NSATEqInc NSATGlobEq NSATGvtBd
----------- --------- --------- ---------- ---------
0.95% ......... $ 130,633 642,919 38,657 48,507 429,798
1.00% ......... 90,397 403,717 32,313 33,561 282,095
1.05% ......... 17,160 71,300 5,783 7,526 65,969
1.10% ......... 713 5,303 31 111 2,454
1.15% ......... 152 1,825 19 24 1,010
1.20% ......... 1,688 14,464 717 2,145 8,453
1.25% ......... 97 1,088 13 289 928
1.30% ......... 530 18,631 239 2,426 7,672
1.35% ......... 41 337 17 35 1,424
1.40% ......... - 52 7 - -
1.45% ......... - - - - -
1.50% ......... - - - - 18
1.70% ......... - - - - -
----------- --------- ------ ------ -------
Total...... $ 241,411 1,159,637 77,796 94,623 799,822
=========== ========= ====== ====== =======
</TABLE>
20
<PAGE> 20
<TABLE>
<CAPTION>
NSATHIncBd NSATMyMkt NSATMSecBd NSATMidCap NSATSmCapG
---------- --------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
0.95% ......... $ 93,983 566,111 102,281 21,284 -
1.00% ......... 65,518 325,145 67,197 15,222 -
1.05% ......... 23,741 92,308 21,591 3,972 -
1.10% ......... 144 2,786 59 166 -
1.15% ......... 82 230 67 29 -
1.20% ......... 4,160 61,320 2,825 405 -
1.25% ......... 154 672 64 - -
1.30% ......... 1,796 14,709 1,194 6 -
1.35% ......... 237 1,786 83 1 -
1.40% ......... - - - - -
1.45% ......... - - - - -
1.50% ......... - 1 - - -
1.70% ......... - - - - -
---------- --------- ---------- ---------- ----------
Total ..... $ 189,815 1,065,069 195,363 41,086 -
========= ========= ========== ========== ==========
NSATSmCapV NSATSmCo NSATStrGro NSATStrVal NSATTotRe
---------- --------- ---------- ---------- ----------
0.95% ........ $ 99,195 126,577 39,530 40,802 922,977
1.00% ........ 51,559 82,461 18,653 18,138 625,701
1.05% ........ 12,657 15,190 3,910 6,673 100,527
1.10% ........ 340 430 162 32 8,418
1.15% ......... 99 26 25 24 2,534
1.20% ........ 1,765 3,958 1,151 325 8,594
1.25% ........ 238 131 92 25 1,451
1.30% ........ 512 489 117 132 4,507
1.35% ........ 117 26 49 1 237
1.40% ......... 15 - 14 29 16
1.45% ......... - - - - 13
1.50% ......... - 2 1 - -
1.70% ......... - - - - 3
---------- --------- ---------- ---------- ----------
Total ..... $ 166,498 229,291 63,703 66,182 1,674,979
========== ========= ========== ========== ==========
NBAMTGuard NBAMTMCGr NBAMTPart OppAggGro OppGro
---------- --------- ---------- ---------- ----------
0.95% ......... $ 103,420 91,927 304,510 99,843 164,175
1.00% ......... 86,544 61,281 217,861 55,836 103,746
1.05% ......... 19,728 14,602 34,550 12,067 18,373
1.10% ......... 1,064 1,009 665 565 839
1.15% ......... 147 146 256 129 240
1.20% ......... 3,905 3,175 3,369 3,654 5,170
1.25% ......... 39 58 971 827 567
1.30% ......... 1,715 471 931 550 2,903
1.35% ......... 215 45 298 - 168
1.40% ......... - 18 15 7 16
1.45% ......... - - - - -
1.50% ......... - 18 - - -
1.70% ......... - - - - -
---------- --------- ---------- ---------- ----------
Total ..... $ 216,777 172,751 563,425 173,476 296,197
========== ========= ========== ========== ==========
</TABLE>
21
<PAGE> 21
<TABLE>
<CAPTION>
OppGrInc VEWrldEMkt VEWrldHAs VKMSRESec WPGrInc
-------- ---------- --------- --------- -------
<S> <C> <C> <C> <C> <C>
0.95% ......... $155,527 21,527 8,921 55,647 45,761
1.00% ......... 112,065 11,684 4,419 28,618 22,645
1.05% ......... 26,904 3,952 1,145 5,546 6,233
1.10% ......... 812 25 48 107 28
1.15% ......... 292 10 4 27 27
1.20% ......... 3,615 769 962 1,453 364
1.25% ......... 624 80 88 27 44
1.30% ......... 359 501 59 92 55
1.35% ......... 18 38 - 23 -
1.40% ......... 15 - 15 15 15
1.45% ......... 6 - - - -
1.50% ......... 29 - - - -
1.70% ......... - - - - -
-------- ---------- --------- --------- -------
Total ..... $300,266 38,586 15,661 91,556 75,171
======== ========== ========= ========= =======
WPIntEq WPPVenCap
------- ---------
0.95% ........ $51,567 21,751
1.00% ......... 26,020 8,699
1.05% ......... 6,605 4,373
1.10% ......... 43 59
1.15% ......... 10 -
1.20% ......... 2,366 654
1.25% ......... 387 75
1.30% ......... 190 30
1.35% ......... 9 13
1.40% ......... - 14
1.45% ......... - -
1.50% ......... - -
1.70% ......... - -
------- ---------
Total . . . $87,198 35,668
======= =========
</TABLE>
(3) RELATED PARTY TRANSACTIONS
The Company performs various services on behalf of the Mutual Fund Companies
in which the Account invests and may receive fees for the services
performed.These services include, among other things, shareholder
communications, preparation, postage, fund transfer agency and various other
record keeping and customer service functions.These fees are paid to an
affiliate of the Company.
22
<PAGE> 22
(4) COMPONENTS OF CONTRACT OWNERS' EQUITY
The following is a summary of contract owners' equity at June 30, 1999.
<TABLE>
<CAPTION>
PERIOD
Contract owners' equity represented by: UNITS UNIT VALUE RETURN(b)
--------- ---------- ---------
<S> <C> <C> <C> <C>
Contracts in accumulation phase:
Asset fee @ 0.95% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified .................................. 1,965,677 14.289801 28,089,133 9%
Non-tax qualified .............................. 2,118,993 14.289801 30,279,988 9%
American Century VP -
American Century VP International:
Tax qualified .................................. 1,837,208 12.678872 23,293,725 7%
Non-tax qualified .............................. 1,983,943 12.678872 25,154,159 7%
American Century VP -
American Century VP Value:
Tax qualified .................................. 845,748 12.038303 10,181,371 13%
Non-tax qualified .............................. 842,195 12.038303 10,138,599 13%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified .................................. 1,712,874 14.630291 25,059,845 12%
Non-tax qualified .............................. 1,369,960 14.630291 20,042,913 12%
Dreyfus Stock Index Fund:
Tax qualified .................................. 10,731,025 14.661186 157,329,553 12%
Non-tax qualified .............................. 11,800,239 14.661186 173,005,499 12%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified .................................. 1,994,328 14.146408 28,212,578 7%
Non-tax qualified .............................. 2,564,620 14.146408 36,280,161 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified .................................. 6,462,321 12.808995 82,775,837 12%
Non-tax qualified .............................. 5,868,741 12.808995 75,172,674 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified .................................. 4,913,577 15.762361 77,449,574 14%
Non-tax qualified .............................. 5,108,739 15.762361 80,525,788 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified .................................. 3,871,597 10.293540 39,852,439 7%
Non-tax qualified .............................. 4,061,248 10.293540 41,804,619 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified .................................. 864,053 11.883023 10,267,562 8%
Non-tax qualified .............................. 1,284,107 11.883023 15,259,073 8%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified .................................. 4,948,996 14.177240 70,163,104 11%
Non-tax qualified .............................. 5,145,247 14.177240 72,945,402 11%
</TABLE>
(Continued)
23
<PAGE> 23
<TABLE>
<S> <C> <C> <C> <C>
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 3,022,309 13.587231 41,064,811 6%
Non-tax qualified ..................................... 3,137,428 13.587231 42,628,959 6%
Federated Insurance Series -
Federated Quality Bond Fund II
Tax qualified ......................................... 13,979 9.874232 138,032 (1)%(a)
Non-tax qualified ..................................... 866 9.874232 8,551 (1)%(a)
Morgan Stanley -
Emerging Markets Debt Portfolio:
Tax qualified ......................................... 178,540 8.314226 1,484,422 12%
Non-tax qualified ..................................... 205,582 8.314226 1,709,255 12%
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 1,583,143 11.435967 18,104,771 5%
Non-tax qualified ..................................... 1,375,708 11.435967 15,732,551 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 5,900,071 14.893736 87,874,100 11%
Non-tax qualified ..................................... 5,380,951 14.893736 80,142,464 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 345,086 12.691941 4,379,811 10%
Non-tax qualified ..................................... 449,625 12.691941 5,706,614 10%
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 435,591 12.890953 5,615,183 8%
Non-tax qualified ..................................... 539,972 12.890953 6,960,754 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 5,278,330 10.653189 56,231,047 (3)%
Non-tax qualified ..................................... 4,639,822 10.653189 49,428,901 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 926,625 10.943584 10,140,599 2%
Non-tax qualified ..................................... 1,063,737 10.943584 11,641,095 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 6,220,961 10.695081 66,533,682 2%
Non-tax qualified ..................................... 6,473,795 10.695081 69,237,762 2%
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified ......................................... 1,198,974 10.093337 12,101,649 (2)%
Non-tax qualified ..................................... 1,184,190 10.093337 11,952,429 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Tax qualified ......................................... 243,392 12.037059 2,929,724 10%
Non-tax qualified ..................................... 221,254 12.037059 2,663,247 10%
Nationwide SAT - Select Advisers
Small Cap Growth Fund:
Tax qualified ......................................... 1,697 11.252972 19,096 13%(a)
Non-tax qualified ..................................... 4,257 11.252972 47,904 13%(a)
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 1,154,126 11.609606 13,398,948 23%
Non-tax qualified ..................................... 1,340,021 11.609606 15,557,116 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 1,475,303 10.302027 15,198,611 7%
Non-tax qualified ..................................... 1,635,305 10.302027 16,846,956 7%
</TABLE>
24
<PAGE> 24
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 444,063 14.463791 6,422,834 25%
Non-tax qualified ..................................... 545,306 14.463791 7,887,192 25%
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 352,720 10.915086 3,849,969 8%
Non-tax qualified ..................................... 502,433 10.915086 5,484,099 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 10,517,906 13.204391 138,882,543 10%
Non-tax qualified ..................................... 7,234,997 13.204391 95,533,729 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 863,350 15.987113 13,802,474 17%
Non-tax qualified ..................................... 888,902 15.987113 14,210,977 17%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 749,512 16.892270 12,660,959 5%
Non-tax qualified ..................................... 732,967 16.892270 12,381,476 5%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 3,068,731 11.791040 36,183,530 13%
Non-tax qualified ..................................... 2,856,725 11.791040 33,683,759 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 1,005,525 12.778814 12,849,417 20%
Non-tax qualified ..................................... 1,088,934 12.778814 13,915,285 20%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 1,638,991 13.913777 22,804,555 15%
Non-tax qualified ..................................... 1,861,665 13.913777 25,902,792 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 1,705,261 12.140135 20,702,099 14%
Non-tax qualified ..................................... 1,745,140 12.140135 21,186,235 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 462,176 8.352891 3,860,506 45%
Non-tax qualified ..................................... 836,790 8.352891 6,989,616 45%
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax qualified ......................................... 203,692 7.225490 1,471,775 18%
Non-tax qualified ..................................... 192,379 7.225490 1,390,033 18%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 651,681 9.773419 6,369,151 8%
Non-tax qualified ..................................... 707,662 9.773419 6,916,277 8%
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 448,824 13.215090 5,931,250 15%
Non-tax qualified ..................................... 531,445 13.215090 7,023,094 15%
</TABLE>
(Continued)
25
<PAGE> 25
<TABLE>
<S> <C> <C> <C> <C>
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 567,616 10.498275 5,958,989 6%
Non-tax qualified ..................................... 691,321 10.498275 7,257,678 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 242,211 11.662789 2,824,856 12%
Non-tax qualified ..................................... 234,403 11.662789 2,733,793 12%
Asset fee @ 1.00% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 1,129,634 14.277889 16,128,789 9%
Non-tax qualified ..................................... 1,224,671 14.277889 17,485,717 9%
American Century VP -
American Century VP International:
Tax qualified ......................................... 1,131,442 12.668287 14,333,432 7%
Non-tax qualified ..................................... 1,149,133 12.668287 14,557,547 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 372,070 12.028249 4,475,351 13%
Non-tax qualified ..................................... 348,677 12.028249 4,193,974 13%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 1,060,229 14.618082 15,498,514 12%
Non-tax qualified ..................................... 960,632 14.618082 14,042,597 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 7,593,458 14.648959 111,236,255 12%
Non-tax qualified ..................................... 6,893,835 14.648959 100,987,506 12%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 1,405,949 14.134616 19,872,549 7%
Non-tax qualified ..................................... 1,385,143 14.134616 19,578,464 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 4,190,133 12.798314 53,626,638 12%
Non-tax qualified ..................................... 4,622,758 12.798314 59,163,508 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 3,632,547 15.749227 57,209,807 14%
Non-tax qualified ..................................... 3,221,625 15.749227 50,738,103 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 2,150,017 10.284946 22,112,809 7%
Non-tax qualified ..................................... 2,399,546 10.284946 24,679,201 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 540,179 11.873106 6,413,603 8%
Non-tax qualified ..................................... 512,309 11.873106 6,082,699 8%
</TABLE>
26
<PAGE> 26
<TABLE>
<S> <C> <C> <C> <C>
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 3,106,871 14.165436 44,010,182 11%
Non-tax qualified ..................................... 3,219,770 14.165436 45,609,446 11%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 2,375,887 13.575880 32,254,757 6%
Non-tax qualified ..................................... 2,447,424 13.575880 33,225,935 6%
Federated Insurance Series -
Federated Quality Bond Fund II:
Tax qualified ......................................... 11,658 9.873445 115,105 (1)%(a)
Non-tax qualified ..................................... 9,634 9.873445 95,121 (1)%(a)
Morgan Stanley -
Emerging Markets Debt Portfolio:
Tax qualified ......................................... 68,176 8.307273 566,357 12%
Non-tax qualified ..................................... 63,090 8.307273 524,106 12%
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 1,026,291 11.426424 11,726,836 5%
Non-tax qualified ..................................... 843,886 11.426424 9,642,599 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 3,935,057 14.881319 58,558,839 11%
Non-tax qualified ..................................... 3,006,878 14.881319 44,746,311 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 283,517 12.681366 3,595,383 9%
Non-tax qualified ..................................... 352,747 12.681366 4,473,314 9%
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 278,335 12.880201 3,585,011 8%
Non-tax qualified ..................................... 335,450 12.880201 4,320,663 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 3,241,871 10.644294 34,507,428 (3)%
Non-tax qualified ..................................... 2,862,821 10.644294 30,472,708 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 651,962 10.934448 7,128,845 2%
Non-tax qualified ..................................... 670,682 10.934448 7,333,537 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 3,230,891 10.686109 34,525,653 2%
Non-tax qualified ..................................... 3,318,167 10.686109 35,458,294 2%
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified ......................................... 773,565 10.084916 7,801,338 (2)%
Non-tax qualified ..................................... 715,504 10.084916 7,215,798 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Tax qualified ......................................... 165,308 12.027011 1,988,161 10%
Non-tax qualified ..................................... 141,284 12.027011 1,699,224 10%
Nationwide SAT - Select Advisers
Small Cap Growth Fund:
Tax qualified ......................................... 263 11.252073 2,959 13%(a)
Non-tax qualified ..................................... 197 11.252073 2,217 13%(a)
</TABLE>
(Continued)
27
<PAGE> 27
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 617,675 11.599920 7,164,981 23%
Non-tax qualified ..................................... 556,794 11.599920 6,458,766 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 915,625 10.293424 9,424,916 7%
Non-tax qualified ..................................... 972,491 10.293424 10,010,262 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 181,092 14.451718 2,617,091 25%
Non-tax qualified ..................................... 230,462 14.451718 3,330,572 25%
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 149,705 10.905969 1,632,678 8%
Non-tax qualified ..................................... 219,633 10.905969 2,395,311 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 6,672,971 13.193361 88,038,915 10%
Non-tax qualified ..................................... 5,101,331 13.193361 67,303,701 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 733,869 15.973798 11,722,675 17%
Non-tax qualified ..................................... 649,129 15.973798 10,369,056 17%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 406,911 16.878174 6,867,915 5%
Non-tax qualified ..................................... 450,072 16.878174 7,596,394 5%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 2,070,316 11.781209 24,390,825 13%
Non-tax qualified ..................................... 2,029,899 11.781209 23,914,664 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 549,102 12.768151 7,011,017 20%
Non-tax qualified ..................................... 592,791 12.768151 7,568,845 20%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 1,088,413 13.902180 15,131,313 15%
Non-tax qualified ..................................... 1,022,218 13.902180 14,211,059 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 1,084,329 12.130013 13,152,925 14%
Non-tax qualified ..................................... 1,201,956 12.130013 14,579,742 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 267,721 8.345934 2,234,382 45%
Non-tax qualified ..................................... 262,795 8.345934 2,193,270 45%
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax qualified ......................................... 104,692 7.219441 755,818 18%
Non-tax qualified ..................................... 68,322 7.219441 493,247 18%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 362,112 9.765247 3,536,113 8%
Non-tax qualified ..................................... 266,134 9.765247 2,598,864 8%
</TABLE>
28
<PAGE> 28
<TABLE>
<S> <C> <C> <C> <C>
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 152,415 13.204046 2,012,495 15%
Non-tax qualified ..................................... 255,746 13.204046 3,376,882 15%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 247,297 10.489498 2,594,021 6%
Non-tax qualified ..................................... 346,803 10.489498 3,637,789 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 104,659 11.653060 1,219,598 12%
Non-tax qualified ..................................... 76,168 11.653060 887,590 12%
Asset fee @ 1.05% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 131,324 14.265955 1,873,462 9%
Non-tax qualified ..................................... 226,887 14.265955 3,236,760 9%
American Century VP -
American Century VP International:
Tax qualified ......................................... 139,634 12.657730 1,767,449 7%
Non-tax qualified ..................................... 236,518 12.657730 2,993,781 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 88,703 12.018208 1,066,051 13%
Non-tax qualified ..................................... 109,796 12.018208 1,319,551 13%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 121,441 14.605880 1,773,753 12%
Non-tax qualified ..................................... 210,201 14.605880 3,070,171 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 1,198,358 14.636720 17,540,031 12%
Non-tax qualified ..................................... 1,417,295 14.636720 20,744,550 12%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 252,402 14.122828 3,564,630 7%
Non-tax qualified ..................................... 376,682 14.122828 5,319,815 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 706,496 12.787614 9,034,398 12%
Non-tax qualified ..................................... 1,174,186 12.787614 15,015,037 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 452,861 15.736088 7,126,261 14%
Non-tax qualified ..................................... 692,436 15.736088 10,896,234 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 683,260 10.276352 7,021,420 7%
Non-tax qualified ..................................... 699,181 10.276352 7,185,030 7%
</TABLE>
(Continued)
29
<PAGE> 29
<TABLE>
<S> <C> <C> <C> <C>
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 109,238 11.863202 1,295,912 8%
Non-tax qualified . . . . . . . . . . . . . . . . . 157,671 11.863202 1,870,483 8%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 360,689 14.153619 5,105,055 11%
Non-tax qualified . . . . . . . . . . . . . . . . . 622,887 14.153619 8,816,105 11%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 351,240 13.564557 4,764,415 6%
Non-tax qualified . . . . . . . . . . . . . . . . . 413,774 13.564557 5,612,661 6%
Federated Insurance Series -
Federated Quality Bond Fund II:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 2,239 9.872651 22,105 (1)%(a)
Non-tax qualified . . . . . . . . . . . . . . . . . 241 9.872651 2,379 (1)%(a)
Morgan Stanley -
Emerging Markets Debt Portfolio:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 17,835 8.300326 148,036 12%
Non-tax qualified . . . . . . . . . . . . . . . . . 30,028 8.300326 249,242 12%
Nationwide SAT - Balanced Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 134,775 11.416884 1,538,711 5%
Non-tax qualified . . . . . . . . . . . . . . . . . 203,806 11.416884 2,326,829 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 501,628 14.868894 7,458,654 11%
Non-tax qualified . . . . . . . . . . . . . . . . . 608,704 14.868894 9,050,755 11%
Nationwide SAT - Equity Income Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 41,379 12.670778 524,304 9%
Non-tax qualified . . . . . . . . . . . . . . . . . 62,835 12.670778 796,168 9%
Nationwide SAT - Global Equity Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 64,663 12.869452 832,177 8%
Non-tax qualified . . . . . . . . . . . . . . . . . 68,272 12.869452 878,623 8%
Nationwide SAT - Government Bond Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 563,709 10.635399 5,995,270 (3)%
Non-tax qualified . . . . . . . . . . . . . . . . . 791,874 10.635399 8,421,896 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 202,948 10.925306 2,217,269 2%
Non-tax qualified . . . . . . . . . . . . . . . . . 273,107 10.925306 2,983,778 2%
Nationwide SAT - Money Market Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 503,306 10.677135 5,373,866 2%
Non-tax qualified . . . . . . . . . . . . . . . . . 983,177 10.677135 10,497,514 2%
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 180,858 10.076497 1,822,415 (2)%
Non-tax qualified . . . . . . . . . . . . . . . . . 273,765 10.076497 2,758,592 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Tax qualified . . . . . . . . . . . . . . . . . . . . . 39,746 12.016961 477,626 10%
Non-tax qualified . . . . . . . . . . . . . . . . . 42,069 12.016961 505,542 10%
</TABLE>
30
<PAGE> 30
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Select Advisers
Small Cap Growth Fund:
Tax qualified ......................................... 995 11.251171 11,195 13%(a)
Non-tax qualified ..................................... 2,704 11.251171 30,423 13%(a)
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 98,908 11.590217 1,146,365 23%
Non-tax qualified ..................................... 228,255 11.590217 2,645,525 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 130,765 10.284820 1,344,894 7%
Non-tax qualified ..................................... 203,086 10.284820 2,088,703 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 38,693 14.439659 558,714 25%
Non-tax qualified ..................................... 41,714 14.439659 602,336 25%
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 34,632 10.896867 377,380 8%
Non-tax qualified ..................................... 81,006 10.896867 882,712 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 835,895 13.182356 11,019,065 10%
Non-tax qualified ..................................... 892,522 13.182356 11,765,543 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 93,626 15.960476 1,494,316 17%
Non-tax qualified ..................................... 185,140 15.960476 2,954,923 17%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 72,858 16.864105 1,228,685 5%
Non-tax qualified ..................................... 136,562 16.864105 2,302,996 5%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 270,296 11.771362 3,181,752 13%
Non-tax qualified ..................................... 339,724 11.771362 3,999,014 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 89,451 12.757485 1,141,170 20%
Non-tax qualified ..................................... 139,444 12.757485 1,778,955 20%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 158,855 13.890556 2,206,584 15%
Non-tax qualified ..................................... 181,427 13.890556 2,520,122 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 187,987 12.119861 2,278,376 14%
Non-tax qualified ..................................... 326,586 12.119861 3,958,177 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 48,464 8.338955 404,139 45%
Non-tax qualified ..................................... 113,142 8.338955 943,486 45%
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax qualified ......................................... 30,843 7.213412 222,483 18%
Non-tax qualified ..................................... 16,531 7.213412 119,245 18%
</TABLE>
(Continued)
31
<PAGE> 31
<TABLE>
<S> <C> <C> <C> <C>
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 51,988 9.757089 507,252 8%
Non-tax qualified ..................................... 75,855 9.757089 740,124 8%
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 21,426 13.193052 282,674 15%
Non-tax qualified ..................................... 88,573 13.193052 1,168,548 15%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 48,150 10.480745 504,648 6%
Non-tax qualified ..................................... 89,292 10.480745 935,847 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 34,128 11.643324 397,363 12%
Non-tax qualified ..................................... 49,182 11.643324 572,642 12%
Asset fee @ 1.10% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 108,345 13.661765 1,480,184 9%
Non-tax qualified ..................................... 6,991 13.661765 95,509 9%
American Century VP -
American Century VP International:
Tax qualified ......................................... 14,610 12.877750 188,144 7%
Non-tax qualified ..................................... 92 12.877750 1,185 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 2,048 12.693157 25,996 13%
Non-tax qualified ..................................... 1,861 12.693157 23,622 13%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 162,991 14.339240 2,337,167 12%
Non-tax qualified ..................................... 8,859 14.339240 127,031 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 297,496 13.901010 4,135,495 12%
Non-tax qualified ..................................... 26,639 13.901010 370,309 12%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 91,698 13.247744 1,214,792 7%
Non-tax qualified ..................................... 4,934 13.247744 65,364 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 58,392 13.233799 772,748 12%
Non-tax qualified ..................................... 5,472 13.233799 72,415 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 149,947 14.688730 2,202,531 14%
Non-tax qualified ..................................... 16,665 14.688730 244,788 14%
</TABLE>
32
<PAGE> 32
<TABLE>
<S> <C> <C> <C> <C>
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 32,098 11.298554 362,661 7%
Non-tax qualified ..................................... 1,040 11.298554 11,750 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 2,868 13.098767 37,567 7%
Non-tax qualified ..................................... 181 13.098767 2,371 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 163,822 14.149804 2,318,049 11%
Non-tax qualified ..................................... 10,903 14.149804 154,275 11%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 30,323 13.030094 395,112 6%
Non-tax qualified ..................................... 2,822 13.030094 36,771 6%
Morgan Stanley -
Emerging Markets Debt Portfolio:
Tax qualified ......................................... 537 12.801010 6,874 12%
Non-tax qualified ..................................... 41 12.801010 525 12%
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 20,992 11.251861 236,199 5%
Non-tax qualified ..................................... 1,713 11.251861 19,274 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 131,605 13.847466 1,822,396 11%
Non-tax qualified ..................................... 20,489 13.847466 283,721 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 1,319 12.964583 17,100 9%
Non-tax qualified ..................................... 79 12.964583 1,024 9%
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 2,691 13.195498 35,509 8%
Non-tax qualified ..................................... 326 13.195498 4,302 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 75,595 9.585928 724,648 (3)%
Non-tax qualified ..................................... 11,071 9.585928 106,126 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 4,201 10.565362 44,385 2%
Non-tax qualified ..................................... 832 10.565362 8,790 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 47,998 10.271216 492,998 2%
Non-tax qualified ..................................... 9,701 10.271216 99,641 2%
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified ......................................... 1,442 10.078825 14,534 (2)%
Non-tax qualified ..................................... 439 10.078825 4,425 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Tax qualified ......................................... 3,355 13.497583 45,284 10%
Non-tax qualified ..................................... 447 13.497583 6,033 10%
</TABLE>
(Continued)
33
<PAGE> 33
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 8,541 15.944931 136,186 23%
Non-tax qualified ..................................... 726 15.944931 11,576 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 8,267 12.975538 107,269 7%
Non-tax qualified ..................................... 1,267 12.975538 16,440 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 3,689 15.808706 58,318 25%
Non-tax qualified ..................................... 267 15.808706 4,221 25%
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 1,237 14.083145 17,421 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 200,671 13.209742 2,650,812 10%
Non-tax qualified ..................................... 32,893 13.209742 434,508 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 33,840 15.027986 508,547 17%
Non-tax qualified ..................................... 434 15.027986 6,522 17%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 27,616 14.718666 406,471 5%
Non-tax qualified ..................................... 2,230 14.718666 32,823 5%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 16,477 13.358720 220,112 13%
Non-tax qualified ..................................... 2,279 13.358720 30,445 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 20,683 15.876614 328,376 20%
Non-tax qualified ..................................... 436 15.876614 6,922 20%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 28,039 15.256598 427,780 15%
Non-tax qualified ..................................... 3,793 15.256598 57,868 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 16,936 14.070231 238,293 14%
Non-tax qualified ..................................... 1,438 14.070231 20,233 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 927 18.336342 16,998 45%
Non-tax qualified ..................................... 139 18.336342 2,549 45%
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax qualified ......................................... 695 11.663807 8,106 18%
Non-tax qualified ..................................... 576 11.663807 6,718 18%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 1,660 11.234690 18,650 8%
Non-tax qualified ..................................... 41 11.234690 461 8%
</TABLE>
34
<PAGE> 34
<TABLE>
<S> <C> <C> <C> <C>
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 503 13.634653 6,858 15%
Non-tax qualified ..................................... 136 13.634653 1,854 15%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 1,090 12.283306 13,389 6%
Non-tax qualified ..................................... 201 12.283306 2,469 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 1,521 14.394794 21,894 12%
Non-tax qualified ..................................... 78 14.394794 1,123 12%
Asset fee @ 1.15% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 24,333 13.656625 332,307 9%
Non-tax qualified ..................................... 2,339 13.656625 31,943 9%
American Century VP -
American Century VP International:
Tax qualified ......................................... 7,431 12.872904 95,659 7%
Non-tax qualified ..................................... 1,033 12.872904 13,298 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 64 12.688367 812 13%
Non-tax qualified ..................................... 1,969 12.688367 24,983 13%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 29,252 14.333848 419,294 12%
Non-tax qualified ..................................... 2,425 14.333848 34,760 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 92,905 13.895787 1,290,988 11%
Non-tax qualified ..................................... 8,076 13.895787 112,222 11%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 39,007 13.242767 516,561 7%
Non-tax qualified ..................................... 1,645 13.242767 21,784 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 15,887 13.228813 210,166 12%
Non-tax qualified ..................................... 3,946 13.228813 52,201 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 52,027 14.683213 763,924 14%
Non-tax qualified ..................................... 6,133 14.683213 90,052 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 6,919 11.294296 78,145 7%
Non-tax qualified ..................................... 768 11.294296 8,674 7%
</TABLE>
(Continued)
35
<PAGE> 35
<TABLE>
<S> <C> <C> <C> <C>
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 644 13.093844 8,432 7%
Non-tax qualified ..................................... 168 13.093844 2,200 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 25,443 14.144484 359,878 11%
Non-tax qualified ..................................... 2,512 14.144484 35,531 11%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 2,374 13.025187 30,922 6%
Non-tax qualified ..................................... 280 13.025187 3,647 6%
Morgan Stanley -
Emerging Markets Debt Portfolio:
Non-tax qualified ..................................... 191 12.796185 2,444 12%
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 4,497 11.247621 50,581 5%
Non-tax qualified ..................................... 210 11.247621 2,362 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 42,505 13.842257 588,365 11%
Non-tax qualified ..................................... 7,106 13.842257 98,363 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 841 12.959693 10,899 9%
Non-tax qualified ..................................... 125 12.959693 1,620 9%
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 326 13.190535 4,300 8%
Non-tax qualified ..................................... 275 13.190535 3,627 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 26,843 9.582324 257,218 (3)%
Non-tax qualified ..................................... 3,713 9.582324 35,579 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 2,366 10.561383 24,988 2%
Non-tax qualified ..................................... 108 10.561383 1,141 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 8,539 10.267335 87,673 2%
Non-tax qualified ..................................... 209 10.267335 2,146 2%
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified ......................................... 1,740 10.075035 17,531 (2)%
Non-tax qualified ..................................... 154 10.075035 1,552 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Tax qualified ......................................... 424 13.492506 5,721 10%
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 1,782 15.938931 28,403 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 941 12.970656 12,205 7%
Non-tax qualified ..................................... 7 12.970656 91 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 1,072 15.802763 16,941 25%
</TABLE>
36
<PAGE> 36
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 360 14.077868 5,068 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 61,799 13.204789 816,043 10%
Non-tax qualified ..................................... 9,618 13.204789 127,004 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 3,930 15.022338 59,038 17%
Non-tax qualified ..................................... 309 15.022338 4,642 17%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 4,010 14.713132 59,000 5%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 5,495 13.353688 73,379 13%
Non-tax qualified ..................................... 401 13.353688 5,355 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 3,176 15.870637 50,405 20%
Non-tax qualified ..................................... 27 15.870637 429 20%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 6,998 15.250865 106,726 15%
Non-tax qualified ..................................... 822 15.250865 12,536 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 6,064 14.064942 85,290 14%
Non-tax qualified ..................................... 307 14.064942 4,318 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 287 18.329462 5,261 45%
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax qualified ......................................... 222 11.659412 2,588 18%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 683 11.230460 7,670 8%
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 590 13.629529 8,041 15%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 8 12.278689 98 6%
Non-tax qualified ..................................... 179 12.278689 2,198 6%
Asset fee @ 1.20% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 117,906 13.563089 1,599,170 9%
Non-tax qualified ..................................... 170,202 13.563089 2,308,465 9%
</TABLE>
(Continued)
37
<PAGE> 37
<TABLE>
<S> <C> <C> <C> <C>
American Century VP -
American Century VP International:
Tax qualified ......................................... 51,829 11.636259 603,096 7%
Non-tax qualified ..................................... 412,040 11.636259 4,794,604 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 48,585 12.931902 628,296 12%
Non-tax qualified ..................................... 84,309 12.931902 1,090,276 12%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 55,968 14.302889 800,504 12%
Non-tax qualified ..................................... 120,880 14.302889 1,728,933 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 381,415 13.785854 5,258,132 11%
Non-tax qualified ..................................... 1,057,890 13.785854 14,583,917 11%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 142,543 13.046204 1,859,645 7%
Non-tax qualified ..................................... 334,878 13.046204 4,368,887 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 136,468 13.272701 1,811,299 12%
Non-tax qualified ..................................... 421,105 13.272701 5,589,201 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 314,946 14.795767 4,659,868 14%
Non-tax qualified ..................................... 781,798 14.795767 11,567,301 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 195,637 11.135825 2,178,579 7%
Non-tax qualified ..................................... 342,179 11.135825 3,810,445 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 78,274 12.135619 949,903 7%
Non-tax qualified ..................................... 192,826 12.135619 2,340,063 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 255,386 13.927608 3,556,916 11%
Non-tax qualified ..................................... 625,413 13.927608 8,710,507 11%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 118,910 13.142271 1,562,747 6%
Non-tax qualified ..................................... 366,668 13.142271 4,818,850 6%
Federated Insurance Series -
Federated Quality Bond Fund II:
Tax qualified ......................................... 2,348 9.870270 23,175 (1)%(a)
Non-tax qualified ..................................... 2,269 9.870270 22,396 (1)%(a)
Morgan Stanley -
Emerging Markets Debt Portfolio:
Tax qualified ......................................... 6,822 12.799834 87,320 12%
Non-tax qualified ..................................... 21,003 12.799834 268,835 12%
</TABLE>
38
<PAGE> 38
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 29,871 11.346360 338,927 5%
Non-tax qualified ..................................... 52,212 11.346360 592,416 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 103,709 13.788623 1,430,004 11%
Non-tax qualified ..................................... 394,791 13.788623 5,443,624 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 4,662 13.047304 60,827 9%
Non-tax qualified ..................................... 17,306 13.047304 225,797 9%
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 30,705 12.686829 389,549 8%
Non-tax qualified ..................................... 50,459 12.686829 640,165 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 136,971 9.893252 1,355,089 (3)%
Non-tax qualified ..................................... 381,417 9.893252 3,773,454 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 86,317 10.783477 930,797 2%
Non-tax qualified ..................................... 117,731 10.783477 1,269,550 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 503,827 10.296893 5,187,853 2%
Non-tax qualified ..................................... 2,271,480 10.296893 23,389,187 2%
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified ......................................... 23,689 10.299348 243,981 (2)%
Non-tax qualified ..................................... 111,769 10.299348 1,151,148 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Tax qualified ......................................... 2,633 13.495167 35,533 10%
Non-tax qualified ..................................... 11,481 13.495167 154,938 10%
Nationwide SAT - Select Advisers
Small Cap Growth Fund:
Tax qualified ......................................... 188 11.248467 2,115 12%(a)
Non-tax qualified ..................................... 343 11.248467 3,858 12%(a)
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 24,540 15.472090 379,685 23%
Non-tax qualified ..................................... 45,132 15.472090 698,286 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 38,305 12.855345 492,424 7%
Non-tax qualified ..................................... 540,681 12.855345 6,950,641 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 22,836 15.544930 354,984 25%
Non-tax qualified ..................................... 36,571 15.544930 568,494 25%
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 5,944 13.480427 80,128 8%
Non-tax qualified ..................................... 6,938 13.480427 93,527 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 119,344 13.176280 1,572,510 10%
Non-tax qualified ..................................... 207,190 13.176280 2,729,993 10%
</TABLE>
(Continued)
39
<PAGE> 39
<TABLE>
<S> <C> <C> <C> <C>
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 41,519 14.345512 595,611 17%
Non-tax qualified ..................................... 159,546 14.345512 2,288,769 17%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 36,226 14.319212 518,728 4%
Non-tax qualified ..................................... 97,337 14.319212 1,393,789 4%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 23,025 13.310419 306,472 13%
Non-tax qualified ..................................... 91,019 13.310419 1,211,501 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 15,044 15.591408 234,557 20%
Non-tax qualified ..................................... 64,591 15.591408 1,007,065 20%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 48,090 14.682352 706,074 15%
Non-tax qualified ..................................... 128,450 14.682352 1,885,948 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 39,955 13.845018 553,178 14%
Non-tax qualified ..................................... 156,538 13.845018 2,167,271 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 17,301 17.554792 303,715 45%
Non-tax qualified ..................................... 31,218 17.554792 548,025 45%
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax qualified ......................................... 931 12.436772 11,579 18%
Non-tax qualified ..................................... 21,859 12.436772 271,855 18%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 18,285 11.584281 211,819 8%
Non-tax qualified ..................................... 45,622 11.584281 528,498 8%
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 11,485 13.390299 153,788 15%
Non-tax qualified ..................................... 12,139 13.390299 162,545 15%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 42,842 11.479730 491,815 6%
Non-tax qualified ..................................... 224,987 11.479730 2,582,790 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 1,838 14.276190 26,240 12%
Non-tax qualified ..................................... 432,316 14.276190 6,171,825 12%
</TABLE>
40
<PAGE> 40
<TABLE>
<S> <C> <C> <C> <C>
Asset fee @ 1.25% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 3,571 13.557426 48,414 9%
Non-tax qualified ..................................... 17,315 13.557426 234,747 9%
American Century VP -
American Century VP International:
Tax qualified ......................................... 1,791 11.631400 20,832 7%
Non-tax qualified ..................................... 21,553 11.631400 250,692 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 6,144 12.926489 79,420 12%
Non-tax qualified ..................................... 15,671 12.926489 202,571 12%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 5,623 14.296920 80,392 12%
Non-tax qualified ..................................... 2,768 14.296920 39,574 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 26,091 13.780095 359,536 11%
Non-tax qualified ..................................... 51,379 13.780095 708,008 11%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 5,971 13.040749 77,866 7%
Non-tax qualified ..................................... 11,269 13.040749 146,956 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 21,385 13.267153 283,718 12%
Non-tax qualified ..................................... 41,158 13.267153 546,049 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 15,331 14.789593 226,739 14%
Non-tax qualified ..................................... 35,715 14.789593 528,210 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 5,626 11.131162 62,624 7%
Non-tax qualified ..................................... 16,989 11.131162 189,107 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 2,989 12.130530 36,258 7%
Non-tax qualified ..................................... 6,933 12.130530 84,101 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 9,392 13.921791 130,753 10%
Non-tax qualified ..................................... 19,367 13.921791 269,623 10%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 8,447 13.136791 110,966 6%
Non-tax qualified ..................................... 11,247 13.136791 147,749 6%
Morgan Stanley -
Emerging Markets Debt Portfolio:
Tax qualified ......................................... 186 12.794481 2,380 12%
</TABLE>
(Continued)
41
<PAGE> 41
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 1,509 11.341612 17,114 5%
Non-tax qualified ..................................... 3,128 11.341612 35,477 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 9,236 13.782861 127,299 11%
Non-tax qualified ..................................... 18,304 13.782861 252,281 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 880 13.041848 11,477 9%
Non-tax qualified ..................................... 13 13.041848 170 9%
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 818 12.681530 10,373 8%
Non-tax qualified ..................................... 8,915 12.681530 113,056 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 10,799 9.889109 106,792 (3)%
Non-tax qualified ..................................... 20,891 9.889109 206,593 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 1,482 10.778965 15,974 2%
Non-tax qualified ..................................... 2,663 10.778965 28,704 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 6,323 10.292566 65,080 2%
Non-tax qualified ..................................... 21,447 10.292566 220,745 2%
Nationwide SAT - Multi Sector Bond Fund:
Non-tax qualified ..................................... 1,349 10.295032 13,888 (2)%
Nationwide SAT - Select Advisers
Small Cap Growth Fund:
Tax qualified ......................................... 117 11.247566 1,316 12%(a)
Non-tax qualified ..................................... 48 11.247566 540 12%(a)
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 4,943 15.465630 76,447 23%
Non-tax qualified ..................................... 1,593 15.465630 24,637 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 747 12.849970 9,599 7%
Non-tax qualified ..................................... 5,652 12.849970 72,628 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 38 15.538443 590 25%
Non-tax qualified ..................................... 2,924 15.538443 45,434 25%
Nationwide SAT - Strategic Value Fund:
Non-tax qualified ..................................... 700 13.474788 9,432 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 25,126 13.170759 330,928 10%
Non-tax qualified ..................................... 24,366 13.170759 320,919 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 1,722 14.339539 24,693 17%
Non-tax qualified ..................................... 1,426 14.339539 20,448 17%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 1,085 14.313243 15,530 4%
Non-tax qualified ..................................... 1,324 14.313243 18,951 4%
</TABLE>
42
<PAGE> 42
<TABLE>
<S> <C> <C> <C> <C>
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 2,540 13.304861 33,794 13%
Non-tax qualified ..................................... 23,695 13.304861 315,259 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 1,133 15.584913 17,658 20%
Non-tax qualified ..................................... 16,510 15.584913 257,307 20%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 4,383 14.676229 64,326 15%
Non-tax qualified ..................................... 13,592 14.676229 199,479 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 2,387 13.839233 33,034 14%
Non-tax qualified ..................................... 17,297 13.839233 239,377 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 1,072 17.547451 18,811 45%
Non-tax qualified ..................................... 586 17.547451 10,283 45%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 409 11.579434 4,736 8%
Non-tax qualified ..................................... 418 11.579434 4,840 8%
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 1,241 13.384699 16,610 15%
Non-tax qualified ..................................... 436 13.384699 5,836 15%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 15,840 11.474934 181,763 6%
Non-tax qualified ..................................... 5,946 11.474934 68,230 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 1,589 14.270218 22,675 12%
Non-tax qualified ..................................... 430 14.270218 6,136 12%
Asset fee @ 1.30% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 115,133 13.551763 1,560,255 9%
Non-tax qualified ..................................... 83,741 13.551763 1,134,838 9%
American Century VP -
American Century VP International:
Tax qualified ......................................... 175,706 11.626543 2,042,853 7%
Non-tax qualified ..................................... 63,445 11.626543 737,646 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 5,443 12.921086 70,329 12%
Non-tax qualified ..................................... 4,278 12.921086 55,276 12%
</TABLE>
(Continued)
43
<PAGE> 43
<TABLE>
<S> <C> <C> <C> <C>
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 38,609 14.290945 551,759 12%
Non-tax qualified ..................................... 24,635 14.290945 352,057 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 198,348 13.774342 2,732,113 11%
Non-tax qualified ..................................... 516,719 13.774342 7,117,464 11%
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 72,725 13.035300 947,992 7%
Non-tax qualified ..................................... 70,420 13.035300 917,946 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 85,457 13.261609 1,133,297 12%
Non-tax qualified ..................................... 58,460 13.261609 775,274 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 85,872 14.783412 1,269,481 14%
Non-tax qualified ..................................... 160,165 14.783412 2,367,785 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 27,275 11.126502 303,475 7%
Non-tax qualified ..................................... 45,431 11.126502 505,488 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 18,318 12.125471 222,114 7%
Non-tax qualified ..................................... 52,872 12.125471 641,098 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 81,229 13.915978 1,130,381 10%
Non-tax qualified ..................................... 90,967 13.915978 1,265,895 10%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 42,413 13.131300 556,938 6%
Non-tax qualified ..................................... 38,873 13.131300 510,453 6%
Federated Insurance Series -
Federated Quality Bond Fund II:
Non-tax qualified ..................................... 614 9.868682 6,059 (1)%(a)
Morgan Stanley -
Emerging Markets Debt Portfolio:
Tax qualified ......................................... 2,612 12.789122 33,405 12%
Non-tax qualified ..................................... 144 12.789122 1,842 12%
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 11,381 11.336864 129,025 5%
Non-tax qualified ..................................... 12,371 11.336864 140,248 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 117,379 13.777102 1,617,142 11%
Non-tax qualified ..................................... 313,764 13.777102 4,322,759 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 1,686 13.036390 21,979 9%
Non-tax qualified ..................................... 5,138 13.036390 66,981 9%
</TABLE>
44
<PAGE> 44
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 24,047 12.676221 304,825 8%
Non-tax qualified ..................................... 40,190 12.676221 509,457 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 158,856 9.884970 1,570,287 (3)%
Non-tax qualified ..................................... 148,126 9.884970 1,464,221 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 23,036 10.774442 248,200 2%
Non-tax qualified ..................................... 58,790 10.774442 633,429 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 326,471 10.288240 3,358,812 2%
Non-tax qualified ..................................... 495,092 10.288240 5,093,625 2%
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified ......................................... 18,993 10.290717 195,452 (2)%
Non-tax qualified ..................................... 37,345 10.290717 384,307 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Non-tax qualified ..................................... 238 13.483886 3,209 10%
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 8,227 15.459173 127,183 23%
Non-tax qualified ..................................... 15,387 15.459173 237,870 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 6,152 12.844586 79,020 7%
Non-tax qualified ..................................... 7,271 12.844586 93,393 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 3,684 15.531953 57,220 25%
Non-tax qualified ..................................... 1,018 15.531953 15,812 25%
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 4,837 13.469172 65,150 8%
Non-tax qualified ..................................... 1,703 13.469172 22,938 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 84,259 13.165266 1,109,292 10%
Non-tax qualified ..................................... 71,571 13.165266 942,251 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 17,504 14.333543 250,894 16%
Non-tax qualified ..................................... 44,546 14.333543 638,502 16%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Tax qualified ......................................... 9,299 14.307254 133,043 4%
Non-tax qualified ..................................... 6,857 14.307254 98,105 4%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 28,317 13.299302 376,596 13%
Non-tax qualified ..................................... 7,129 13.299302 94,811 13%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 11,422 15.578393 177,936 20%
Non-tax qualified ..................................... 6,985 15.578393 108,815 20%
</TABLE>
(Continued)
45
<PAGE> 45
<TABLE>
<S> <C> <C> <C> <C>
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 30,956 14.670093 454,127 15%
Non-tax qualified ..................................... 59,861 14.670093 878,166 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 7,762 13.833458 107,375 14%
Non-tax qualified ..................................... 9,967 13.833458 137,878 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax qualified ......................................... 2,523 17.540146 44,254 45%
Non-tax qualified ..................................... 10,675 17.540146 187,241 45%
Van Eck WIT -
Worldwide Hard Assets Fund:
Non-tax qualified ..................................... 278 12.426368 3,455 17%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax qualified ......................................... 2,378 11.574583 27,524 8%
Non-tax qualified ..................................... 5,605 11.574583 64,876 8%
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 633 13.379114 8,469 14%
Non-tax qualified ..................................... 1,582 13.379114 21,166 14%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 2,691 11.470132 30,866 6%
Non-tax qualified ..................................... 3,180 11.470132 36,475 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 482 14.264256 6,875 12%
Non-tax qualified ..................................... 454 14.264256 6,476 12%
Asset fee @ 1.35% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 12,473 13.636071 170,083 9%
Non-tax qualified ..................................... 20,368 13.636071 277,739 9%
American Century VP -
American Century VP International:
Tax qualified ......................................... 1,175 12.853527 15,103 7%
Non-tax qualified ..................................... 870 12.853527 11,183 7%
American Century VP -
American Century VP Value:
Non-tax qualified ..................................... 1,577 12.669265 19,979 12%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 15,602 14.312275 223,300 12%
Non-tax qualified ..................................... 3,894 14.312275 55,732 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 9,694 13.874869 134,503 11%
Non-tax qualified ..................................... 62,619 13.874869 868,830 11%
</TABLE>
46
<PAGE> 46
<TABLE>
<S> <C> <C> <C> <C>
Dreyfus VIF -
Capital Appreciation Portfolio:
Tax qualified ......................................... 910 13.222834 12,033 7%
Non-tax qualified ..................................... 4,272 13.222834 56,488 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 3,954 13.208892 52,228 12%
Non-tax qualified ..................................... 16,429 13.208892 217,009 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 5,323 14.661111 78,041 14%
Non-tax qualified ..................................... 18,413 14.661111 269,955 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 2,330 11.277274 26,276 7%
Non-tax qualified ..................................... 6,377 11.277274 71,915 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 1,132 13.074135 14,800 7%
Non-tax qualified ..................................... 2,283 13.074135 29,848 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 1,981 14.123201 27,978 10%
Non-tax qualified ..................................... 46,328 14.123201 654,300 10%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 3,075 13.005570 39,992 6%
Non-tax qualified ..................................... 23,473 13.005570 305,280 6%
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 305 11.230674 3,425 5%
Non-tax qualified ..................................... 2,981 11.230674 33,479 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 3,420 13.821411 47,269 11%
Non-tax qualified ..................................... 8,628 13.821411 90,685 11%
Nationwide SAT - Equity Income Fund:
Non-tax qualified ..................................... 712 12.940187 9,213 9%
Nationwide SAT - Global Equity Fund:
Tax qualified ......................................... 927 13.170677 12,209 8%
Non-tax qualified ..................................... 1,211 13.170677 15,950 8%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 4,137 9.567875 39,582 (3)%
Non-tax qualified ..................................... 86,948 9.567875 831,908 (3)%
Nationwide SAT - High Income Bond Fund:
Tax qualified ......................................... 1,278 10.545467 13,477 2%
Non-tax qualified ..................................... 6,782 10.545467 71,519 2%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 19,652 10.251790 201,468 2%
Non-tax qualified ..................................... 64,185 10.251790 658,011 2%
</TABLE>
(Continued)
47
<PAGE> 47
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Multi Sector Bond Fund:
Tax qualified ......................................... 580 10.059843 5,835 (2)%
Non-tax qualified ..................................... 2,637 10.059843 26,528 (2)%
Nationwide SAT -
Select Advisers Mid Cap Fund:
Non-tax qualified ..................................... 357 13.472196 4,810 10%
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 2,504 15.914957 39,851 23%
Non-tax qualified ..................................... 10,605 15.914957 168,778 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 1,603 12.951124 20,761 7%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 244 15.778996 3,850 25%
Non-tax qualified ..................................... 2,130 15.778996 33,609 25%
Nationwide SAT - Strategic Value Fund:
Non-tax qualified ..................................... 336 14.056667 4,723 8%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 2,406 13.184901 31,723 10%
Non-tax qualified ..................................... 10,922 13.184901 144,005 10%
Neuberger & Berman AMT -
Guardian Portfolio:
Tax qualified ......................................... 1,586 14.999733 23,790 16%
Non-tax qualified ..................................... 4,222 14.999733 63,329 16%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Non-tax qualified ..................................... 2,306 14.690994 33,877 4%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 13 13.333592 173 13%
Non-tax qualified ..................................... 21,673 13.333592 288,979 13%
Oppenheimer VAF - Growth Fund:
Tax qualified ......................................... 155 15.227925 2,360 15%
Non-tax qualified ..................................... 7,440 15.227925 113,296 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 268 14.043784 3,764 14%
Non-tax qualified ..................................... 1,025 14.043784 14,395 14%
Van Eck WIT -
Worldwide Emerging Markets Fund:
Non-tax qualified ..................................... 1,611 18.301926 29,484 45%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Non-tax qualified ..................................... 731 11.213531 8,197 8%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 631 12.260195 7,736 6%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Non-tax qualified ..................................... 1,796 14.367732 25,804 12%
</TABLE>
48
<PAGE> 48
<TABLE>
<S> <C> <C> <C> <C>
Asset fee @ 1.40% rate:
American Century VP -
American Century VP Income & Growth:
Tax qualified ......................................... 962 13.630929 13,113 9%
Non-tax qualified ..................................... 968 13.630929 13,195 9%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 2,178 12.664495 27,583 12%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Tax qualified ......................................... 4 14.306885 57 12%
Non-tax qualified ..................................... 729 14.306885 10,430 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 2,105 13.869638 29,196 11%
Non-tax qualified ..................................... 739 13.869638 10,250 11%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 4,447 13.203907 58,718 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 2,035 14.655585 29,824 14%
Non-tax qualified ..................................... 707 14.655585 10,361 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Non-tax qualified ..................................... 2,203 11.273031 24,834 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 7,238 14.117878 102,185 10%
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax qualified ......................................... 1,786 13.000670 23,219 6%
Non-tax qualified ..................................... 785 13.000670 10,206 6%
Nationwide SAT - Balanced Fund:
Tax qualified ......................................... 10 11.226434 112 5%
Nationwide SAT -
Capital Appreciation Fund:
Tax qualified ......................................... 1,565 13.816193 21,622 11%
Non-tax qualified ..................................... 766 13.816193 10,583 11%
Nationwide SAT - Equity Income Fund:
Tax qualified ......................................... 167 12.935312 2,160 9%
Nationwide SAT - Government Bond Fund:
Tax qualified ......................................... 14 9.564262 134 (3)%
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 21 10.247905 215 2%
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 628 15.908969 9,991 23%
Nationwide SAT - Strategic Growth Fund:
Tax qualified ......................................... 595 15.773053 9,385 25%
Nationwide SAT - Strategic Value Fund:
Tax qualified ......................................... 1,269 14.051353 17,831 8%
</TABLE>
(Continued)
49
<PAGE> 49
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 2,475 13.179926 32,620 10%
Non-tax qualified ..................................... 763 13.179926 10,056 10%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Non-tax qualified ..................................... 920 14.685459 13,511 4%
Neuberger & Berman AMT -
Partners Portfolio:
Tax qualified ......................................... 3,104 13.328565 41,372 12%
Non-tax qualified ..................................... 752 13.328565 10,023 12%
Oppenheimer VAF -
Aggressive Growth Fund:
Tax qualified ......................................... 144 15.840799 2,281 20%
Oppenheimer VAF - Growth Fund:
Non-tax qualified ..................................... 688 15.222187 10,473 15%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 1,968 14.038489 27,628 14%
Non-tax qualified ..................................... 725 14.038489 10,178 14%
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax qualified ......................................... 1,986 11.637439 23,112 17%
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Non-tax qualified ..................................... 889 11.209298 9,965 8%
Warburg Pincus Trust -
Growth & Income Portfolio:
Tax qualified ......................................... 3,731 13.603872 50,756 14%
Warburg Pincus Trust -
Post Venture Capital Portfolio:
Tax qualified ......................................... 678 14.362310 9,738 12%
Asset fee @ 1.45% rate:
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Non-tax qualified ..................................... 509 14.301491 7,279 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 2,544 13.864412 35,271 11%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 2,648 13.198926 34,951 12%
Non-tax qualified ..................................... 539 13.198926 7,114 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 2,404 14.650065 35,219 14%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 2,651 13.174944 34,927 10%
Non-tax qualified ..................................... 534 13.174944 7,035 10%
Oppenheimer VAF -
Growth & Income Fund:
Non-tax qualified ..................................... 514 14.033190 7,213 14%
</TABLE>
50
<PAGE> 50
<TABLE>
<S> <C> <C> <C> <C>
Asset fee @ 1.50% rate:
American Century VP -
American Century VP Income & Growth:
Non-tax qualified ..................................... 767 13.620648 10,447 9%
American Century VP -
American Century VP International:
Non-tax qualified ..................................... 11 12.838987 141 7%
American Century VP -
American Century VP Value:
Tax qualified ......................................... 70 12.654940 886 12%
Non-tax qualified ..................................... 194 12.654940 2,455 12%
The Dreyfus Socially Responsible
Growth Fund, Inc.:
Non-tax qualified ..................................... 774 14.296097 11,065 12%
Dreyfus Stock Index Fund:
Tax qualified ......................................... 402 13.859185 5,571 11%
Non-tax qualified ..................................... 1,906 13.859185 26,416 11%
Dreyfus VIF -
Capital Appreciation Portfolio:
Non-tax qualified ..................................... 11 13.207867 145 7%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 185 13.193946 2,441 12%
Non-tax qualified ..................................... 1,395 13.193946 18,406 12%
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 199 14.644529 2,914 14%
Non-tax qualified ..................................... 1,277 14.644529 18,701 14%
Fidelity VIP - High Income Portfolio -
Service Class:
Tax qualified ......................................... 130 11.264513 1,464 7%
Non-tax qualified ..................................... 292 11.264513 3,289 7%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax qualified ......................................... 113 13.059350 1,476 7%
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax qualified ......................................... 155 14.107228 2,187 10%
Non-tax qualified ..................................... 759 14.107228 10,707 10%
Federated Insurance Series -
Federated Quality Bond Fund II:
Tax qualified ......................................... 99 9.865504 977 (1)%(a)
Nationwide SAT - Balanced Fund:
Non-tax qualified ..................................... 25 11.217955 280 5%
Nationwide SAT - Government Bond Fund:
Non-tax qualified ..................................... 2,160 9.557022 20,643 (3)%
Nationwide SAT -
High Income Bond Fund:
Tax qualified ......................................... 67 10.533515 706 2%
Non-tax qualified ..................................... 26 10.533515 274 2%
</TABLE>
(Continued)
51
<PAGE> 51
<TABLE>
<S> <C> <C> <C> <C>
Nationwide SAT - Money Market Fund:
Tax qualified ......................................... 2,773 10.240130 28,396 2%
Nationwide SAT - Small Cap Value Fund:
Tax qualified ......................................... 54 15.896965 858 23%
Nationwide SAT - Small Company Fund:
Tax qualified ......................................... 176 12.936466 2,277 7%
Nationwide SAT - Strategic Growth Fund:
Non-tax qualified ..................................... 341 15.761153 5,375 25%
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 55 13.169978 724 10%
Neuberger & Berman AMT -
Mid-Cap Growth Portfolio:
Non-tax qualified ..................................... 931 14.674381 13,662 4%
Neuberger & Berman AMT -
Partners Portfolio:
Non-tax qualified ..................................... 10 13.318505 133 12%
Oppenheimer VAF -
Growth & Income Fund:
Tax qualified ......................................... 142 14.027902 1,992 14%
Non-tax qualified ..................................... 2,467 14.027902 34,607 14%
Warburg Pincus Trust -
Growth & Income Portfolio:
Non-tax qualified ..................................... 15 13.593617 204 14%
Warburg Pincus Trust -
International Equity Portfolio:
Tax qualified ......................................... 73 12.246322 894 6%
Asset fee @ 1.65% rate:
Dreyfus Stock Index Fund:
Non-tax qualified ..................................... 116 13.843477 1,606 11%
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Non-tax qualified ..................................... 121 13.178988 1,595 12%
Nationwide SAT -
Capital Appreciation Fund:
Non-tax qualified ..................................... 116 13.790126 1,600 11%
Nationwide SAT - Strategic Growth Fund:
Non-tax qualified ..................................... 102 15.743315 1,606 24%
Oppenheimer VAF -
Aggressive Growth Fund:
Non-tax qualified ..................................... 101 15.810949 1,597 20%
</TABLE>
52
<PAGE> 52
<TABLE>
<S> <C> <C> <C> <C>
Asset fee @ 1.70% rate:
Dreyfus Stock Index Fund:
Tax qualified ......................................... 408 10.123767 4,130 1%(a)
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax qualified ......................................... 404 9.958139 4,023 0%(a)
Fidelity VIP - Growth Portfolio -
Service Class:
Tax qualified ......................................... 398 10.353840 4,121 4%(a)
Nationwide SAT - Total Return Fund:
Tax qualified ......................................... 395 10.291153 4,065 3%(a)
====== =========
$ 4,397,322,443
================
</TABLE>
(a) This investment option was not being utilized for the entire period.
Accordingly, the period return was computed for such period as the
investment option was utilized.
(b) The period return does not include contract charges satisfied by
surrendering units.
53
<PAGE> 53
[THIS PAGE LEFT BLANK INTENTIONALLY]
54
<PAGE> 54
[THIS PAGE LEFT BLANK INTENTIONALLY]
55
<PAGE> 55
NATIONWIDE LIFE INSURANCE COMPANY
HOME OFFICE: ONE NATIONWIDE PLAZA o COLUMBUS, OHIO 43215-2220
Bulk Rate
U.S. Postage
PAID
Columbus, Ohio
Permit No. 521
Nationwide(R) is a registered federal service mark of Nationwide Mutual
Insurance Company
