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SUPPLEMENT DATED JULY 1, 1999 TO
PROSPECTUS DATED MAY 1, 1999 FOR
MODIFIED SINGLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTS
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY
THROUGH ITS
NATIONWIDE VARIABLE ACCOUNT - 9
THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS. PLEASE
READ IT AND KEEP IT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
1. INFORMATION FOR THE FOLLOWING UNDERLYING MUTUAL FUNDS CONTAINED IN THE
"UNDERLYING MUTUAL FUND ANNUAL EXPENSES" TABLE LOCATED ON PAGES 8 THROUGH 9
OF YOUR PROSPECTUS, IS AMENDED AS FOLLOWS:
<TABLE>
<CAPTION>
UNDERLYING MUTUAL FUND ANNUAL EXPENSES
(AS A PERCENTAGE OF UNDERLYING MUTUAL FUND AVERAGE NET ASSETS, AFTER EXPENSE REIMBURSEMENT)
- --------------------------------------------------------------------------------------------------------------------
Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Morgan Stanley Dean Witter Universal Funds, Inc. - 0.27% 1.03% 0.00% 1.30%
Emerging Markets Debt Portfolio
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NSAT Capital Appreciation Fund 0.58% 0.22% 0.00% 0.80%
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NSAT Government Bond Fund 0.44% 0.22% 0.00% 0.66%
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NSAT Money Market Fund 0.34% 0.21% 0.00% 0.55%
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NSAT Total Return Fund 0.57% 0.21% 0.00% 0.78%
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NSAT Nationwide Balanced Fund 0.54% 0.36% 0.00% 0.90%
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NSAT Nationwide Equity Income Fund 0.45% 0.50% 0.00% 0.95%
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NSAT Nationwide Global Equity Fund 0.59% 0.61% 0.00% 1.20%
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NSAT Nationwide High Income Bond Fund 0.48% 0.47% 0.00% 0.95%
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NSAT Nationwide Multi-Sector Bond Fund 0.54% 0.36% 0.00% 0.90%
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NSAT Nationwide Select Advisers Mid Cap Fund 0.56% 0.64% 0.00% 1.20%
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NSAT Nationwide Select Advisers Small Cap Growth Fund 0.57% 0.73% 0.00% 1.30%
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NSAT Nationwide Small Cap Value Fund 0.47% 0.58% 0.00% 1.05%
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NSAT Nationwide Small Company Fund 1.00% 0.25% 0.00% 1.25%
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NSAT Nationwide Strategic Growth Fund 0.20% 0.80% 0.00% 1.00%
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NSAT Nationwide Strategic Value Fund 0.52% 0.48% 0.00% 1.00%
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Van Eck Worldwide Insurance Trust - Worldwide Emerging 0.69% 0.61% 0.00% 1.30%
Markets Fund
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Van Kampen Life Investment Trust - Morgan Stanley Real 1.00% 0.08% 0.00% 1.08%
Estate Securities Portfolio
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</TABLE>
The expenses shown above are deducted by the underlying mutual fund before it
provides Nationwide with the daily net asset value. Nationwide then deducts
applicable variable account charges from the net asset value to calculate the
unit value of the corresponding sub-account. The management fees and other
expenses are more fully described in the prospectus for each underlying mutual
fund. Information relating to the underlying mutual funds was provided by the
underlying mutual funds and not independently verified by Nationwide.
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Some underlying mutual funds are subject to fee waivers and expense
reimbursements. The following chart shows what the expenses would have been for
such funds without fee waivers and expense reimbursements.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Morgan Stanley Dean Witter Universal Funds, Inc. - 0.80% 1.25% 0.00% 2.05%
Emerging Markets Debt Portfolio
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NSAT Capital Appreciation Fund 0.60% 0.22% 0.00% 0.82%
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NSAT Government Bond Fund 0.50% 0.22% 0.00% 0.72%
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NSAT Money Market Fund 0.40% 0.21% 0.00% 0.61%
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NSAT Total Return Fund 0.59% 0.21% 0.00% 0.80%
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NSAT Nationwide Balanced Fund 0.75% 0.36% 0.00% 1.11%
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NSAT Nationwide Equity Income Fund 0.80% 0.50% 0.00% 1.30%
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NSAT Nationwide Global Equity Fund 1.00% 0.61% 0.00% 1.61%
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NSAT Nationwide High Income Bond Fund 0.80% 0.47% 0.00% 1.27%
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NSAT Nationwide Multi-Sector Bond Fund 0.75% 0.36% 0.00% 1.11%
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NSAT Nationwide Select Advisers Mid Cap Fund 1.05% 0.64% 0.00% 1.69%
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NSAT Nationwide Select Advisers Small Cap Growth Fund 1.10% 0.73% 0.00% 1.83%
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NSAT Nationwide Small Cap Value Fund 0.90% 0.58% 0.00% 1.48%
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NSAT Nationwide Strategic Growth Fund 0.90% 0.80% 0.00% 1.70%
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NSAT Nationwide Strategic Value Fund 0.90% 0.48% 0.00% 1.38%
- --------------------------------------------------------------------------------------------------------------------
Van Eck Worldwide Insurance Trust - Worldwide Emerging 1.00% 0.61% 0.00% 1.61%
Markets Fund
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</TABLE>
2. INFORMATION FOR THE FOLLOWING UNDERLYING MUTUAL FUNDS CONTAINED IN THE
"EXAMPLE" CHART LOCATED ON PAGES 10 THROUGH 12 OF YOUR PROSPECTUS, IS
AMENDED AS FOLLOWS:
EXAMPLE
The following chart shows the amount of expenses (in dollars) that would be
incurred under this contract assuming a $1,000 investment, 5% annual return, and
no change in expenses. These dollar figures are illustrative only and should not
be considered a representation of past or future expenses. Actual expenses may
be greater or less than those shown below.
The chart reflects expenses of both the variable account and the underlying
mutual funds. The chart reflects variable account charges of 1.70%, which is the
maximum variable account charges that could be assessed to a contract.
For those contracts that do not elect the maximum number of rider options, the
expenses would be reduced. Deductions for premium taxes are not reflected but
may apply.
The summary of contract expenses and example are to help contract owners
understand the expenses associated with the contract.
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<PAGE> 3
<TABLE>
<CAPTION>
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If you surrender your contract If you do not surrender your If you annuitize your contract at
at the end of the applicable contract at the end of the at the end of the applicable
time period applicable time period time period
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1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Morgan Stanley Dean Witter 95 150 199 343 32 96 163 343 * 96 163 343
Universal Funds, Inc. -
Emerging Markets Debt
Portfolio
- --------------------------------------------------------------------------------------------------------------------------
NSAT Capital Appreciation 89 135 174 292 26 81 138 292 * 81 138 292
Fund
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NSAT Government Bond Fund 88 130 166 278 25 76 130 278 * 76 130 278
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NSAT Money Market Fund 87 127 161 266 24 73 125 266 * 73 125 266
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NSAT Total Return Fund 89 134 173 290 26 80 137 290 * 80 137 290
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NSAT Nationwide Balanced Fund 90 138 179 303 27 84 143 303 * 84 143 303
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NSAT Nationwide Equity 91 139 181 308 28 85 145 308 * 85 145 308
Income Fund
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NSAT Nationwide Global 93 147 194 333 30 93 158 333 * 93 158 333
Equity Fund
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NSAT Nationwide High Income 91 139 181 308 28 85 145 308 * 85 145 308
Bond Fund
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NSAT Nationwide Multi-Sector 90 138 179 303 27 84 143 303 * 84 143 303
Bond Fund
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NSAT Nationwide Select 93 147 194 333 30 93 158 333 * 93 158 333
Advisers Mid Cap Fund
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NSAT Nationwide Select 95 150 199 343 32 96 163 343 * 96 163 343
Advisers Small Cap Growth
Fund
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NSAT Nationwide Small Cap 92 142 187 318 29 88 151 318 * 88 151 318
Value Fund
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NSAT Nationwide Small 94 149 197 338 31 95 161 338 * 95 161 338
Company Fund
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NSAT Nationwide Strategic 91 141 184 313 28 87 148 313 * 87 148 313
Growth Fund
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NSAT Nationwide Strategic 91 141 184 313 28 87 148 313 * 87 148 313
Value Fund
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Van Eck Worldwide Insurance 95 150 199 343 32 96 163 343 * 96 163 343
Trust - Worldwide Emerging
Markets Fund
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Van Kampen Life Investment 92 143 188 321 29 89 152 321 * 89 152 321
Trust - Morgan Stanley Real
Estate Securities Portfolio
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</TABLE>
3. THE 1ST PARAGRAPH OF THE "DOLLAR COST AVERAGING" PROVISION LOCATED ON PAGE
27 OF YOUR PROSPECTUS IS AMENDED TO DELETE THE FOLLOWING SENTENCE:
"Contract owners may participate in this program if their contract value
is $10,000 or more."
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