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<PAGE> 1
2000
Nationwide(R) Variable Account - 9
June 30, 2000
[THE BEST OF AMERICA(R) AMERICA'S FUTURE ANNUITY(SM) LOGO]
SEMI-ANNUAL REPORT
[NATIONWIDE LOGO]
NATIONWIDE LIFE INSURANCE COMPANY
HOME OFFICE: COLUMBUS, OHIO
APO-3604-E (06/00)
<PAGE> 2
[NATIONWIDE LOGO]
NATIONWIDE LIFE INSURANCE COMPANY
ONE NATIONWIDE PLAZA, COLUMBUS, OHIO 43215-2220
[PHOTO]
PRESIDENT'S MESSAGE
We at Nationwide Life Insurance Company are pleased to bring you
the 2000 semi-annual report of the Nationwide Variable Account-9.
During the first half of 2000 fixed income and equity markets
took a hiatus from their recent advances. It appears the Federal
Reserve's interest rate hikers are accomplishing the intended
purpose. Recent economic statistics show some moderation in the
areas of home and vehicles sales because of the higher interest
costs. And, there are other favorable indications that the Fed
may yet "glide" the economy to a soft landing. Inflation remains
low. Sustained increases in worker productivity continue to
dampen pricing pressures of an increasingly tight labor pool.
Corporate profitability growth remains viable. An improving
global economy bodes well for U.S. exporting businesses. While
all this provides a positive backdrop, we expect the markets will
continue jittery and volatile during the second half of the year
as uncertainty over further Fed actions persists. However, we
believe patient investors in financial assets will be amply
rewarded when we move beyond this temporary respite.
Nationwide Life was a forerunner in the variable annuity and
variable life insurance business. We continue to develop new and
innovative investment products to better meet your financial
planning and retirement needs. And, we are equally committed to
providing you, our valued customer, the exceptional level of
customer service you expect and deserve.
/s/ Joseph J. Gasper
Joseph J. Gasper, President
August 16, 2000
2
<PAGE> 3
HOW TO READ THE SEMI-ANNUAL REPORT
This semi-annual report is a presentation of the variable account as a whole and
only describes the underlying contracts and products of the variable account in
general terms. Please note the variable account may have more than one variable
product available. Such products may have different underlying mutual funds
available than those available in your contract. Therefore, not all funds listed
in this report may be available in your contract. Please refer to your most
recent account statement for specific information about your investment in the
Nationwide Variable Account-9. Rules and regulations of the United States
Securities and Exchange Commission and recognized conventions of Generally
Accepted Accounting Principals prescribe the format and content of this report.
We also invite you to call our service center at 1-800-848-6331 if you have
questions about your account, or you may access your account using our voice
response unit. And, please visit our web-site at www.bestofamerica.com for
additional information about your contract and to learn more about other
products and services offered by Nationwide Financial.
THE ANNUAL REPORT HAS FOUR MAJOR FINANCIAL SECTIONS:
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNER'S EQUITY
This statement begins on page 4 and lists all of the underlying mutual funds of
the variable account, the number of shares owned, the amount paid for the shares
and their market value as of the close of business on June 30, 2000. The mutual
funds are listed in alphabetical order. The market value of the assets changes
as the underlying mutual funds change in value. As contract owners make exchange
transactions between the funds, the number of shares increases or decreases
accordingly. When money is deposited or withdrawn by a contract owner, shares
are correspondingly purchased or redeemed. The total market value of the funds
is equal to the TOTAL INVESTMENTS of the variable account.
ACCOUNTS RECEIVABLE, if applicable, represents an asset of the variable account
for money market fund shares purchased by contract owners and reinvested
dividend shares added to contract owners' accounts, but not yet added to Total
investments. Total investments plus Accounts receivable equal TOTAL ASSETS of
the variable account.
ACCOUNTS PAYABLE, if applicable, is a liability of the variable account for
money market fund shares redeemed by contract owners' but not yet deducted from
Total investments.
Total assets minus Accounts payable equals CONTRACT OWNERS' EQUITY. A summary of
Contract owners' equity by funds series may be found on page 31. This summary
also includes investment return for the reporting period for each fund series.
STATEMENTS OF OPERATIONS AND STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY
These statements begin on page 7 and present the financial activity of each
underlying mutual fund sub-account of the variable account, for the periods
indicated.
The INVESTMENT ACTIVITY section shows income to the variable account for
reinvested dividends and capital gain distributions paid by the underlying
mutual funds. Also shown are the mortality, expense and administration charges
which are assessed through the daily unit value calculation and which represent
an expense to the variable account and its contract owners. This section also
shows the realized gain or loss as mutual fund shares are sold, and the change
in unrealized gain or loss, which represents the changes in market value of the
underlying fund shares.
The EQUITY TRANSACTIONS section illustrates the receipt of purchase payments, as
new contracts are sold or additional payments made to existing contracts. Also
presented are deductions from the variable account when the contract owners
withdraw money.
The sum of the above two sections represents the NET CHANGE IN CONTRACT OWNERS'
EQUITY which when added to the beginning Contract owners' equity equals Contract
owners' equity at the end of the reporting period.
NOTES TO FINANCIAL STATEMENTS, beginning on page 20, provide further disclosures
about the variable account and its underlying contract provisions.
3
<PAGE> 4
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY
JUNE 30, 2000
(UNAUDITED)
<TABLE>
<S> <C>
ASSETS:
Investments at market value:
American Century VP - American Century VP Income & Growth (ACVPIncGr)
27,628,006 shares (cost $196,354,529) ......................................................... $ 211,906,806
American Century VP - American Century VP International (ACVPInt)
26,131,236 shares (cost $300,917,379) ......................................................... 302,077,092
American Century VP - American Century VP Value (ACVPValue)
9,104,886 shares (cost $53,509,831) ........................................................... 49,348,483
The Dreyfus Socially Responsible Growth Fund, Inc. (DrySRGro)
6,729,818 shares (cost $236,773,344) .......................................................... 269,596,503
Dreyfus Stock Index Fund (DryStkIx)
31,251,085 shares (cost $1,063,642,321) ....................................................... 1,188,166,259
Dreyfus VIF - Appreciation Portfolio (DryAp)
4,207,039 shares (cost $155,492,210) .......................................................... 172,404,472
Dreyfus IP - European Equities Fund (DryEuroEq)
805,803 shares (cost $12,822,463) ............................................................. 12,796,159
Federated Insurance Series: Federated Quality Bond Fund II (FedQualBd)
2,651,987 shares (cost $26,087,852) ........................................................... 26,546,388
Fidelity VIP - Equity-Income Portfolio - Service Class (FidVIPEIS)
17,173,080 shares (cost $421,574,774) ......................................................... 392,404,880
Fidelity VIP - Growth Portfolio - Service Class (FidVIPGrS)
19,159,387 shares (cost $907,193,475) ......................................................... 984,600,911
Fidelity VIP - High Income Portfolio - Service Class (FidVIPHIS)
20,159,062 shares (cost $216,374,882) ......................................................... 200,550,966
Fidelity VIP - Overseas Portfolio - Service Class (FidVIPOvS)
5,704,487 shares (cost $132,354,418) .......................................................... 133,599,079
Fidelity VIP-II - Contrafund Portfolio - Service Class (FidVIPConS)
22,061,694 shares (cost $543,655,103) ......................................................... 552,204,207
Fidelity VIP-III - Growth Opportunities Portfolio - Service Class (FidVIPGrOpS)
9,596,213 shares (cost $208,631,580) .......................................................... 197,490,065
Janus Aspen Series - Capital Appreciation Portfolio - Service Shares (JanCapAp)
8,223,146 shares (cost $271,894,961) .......................................................... 258,371,252
Janus Aspen Series - Global Technology Portfolio - Service Shares (JanGlobTech)
23,276,457 shares (cost $238,708,760) ......................................................... 228,574,807
Janus Aspen Series - International Growth Portfolio - Service shares (JanInGro)
5,152,095 shares (cost $208,762,730) .......................................................... 202,734,920
Nationwide SAT - Balanced Fund (NSATBal)
8,361,299 shares (cost $87,953,580) ........................................................... 87,208,348
</TABLE>
4
<PAGE> 5
<TABLE>
<S> <C>
Nationwide SAT - Capital Appreciation Fund (NSATCapAp)
12,498,918 shares (cost $326,208,158) ......................................................... 323,222,011
Nationwide SAT - Equity Income Fund (NSATEqInc)
2,955,920 shares (cost $36,289,528) ........................................................... 40,555,221
Nationwide SAT - Global 50 Fund (NSATGlob50)
3,436,560 shares (cost $44,500,083) ........................................................... 47,046,500
Nationwide SAT - Government Bond Fund (NSATGvtBd)
23,832,270 shares (cost $270,600,970) ......................................................... 259,533,423
Nationwide SAT - High Income Bond Fund (NSATHIncBd)
5,885,261 shares (cost $58,025,311) ........................................................... 52,496,528
Nationwide SAT - Money Market Fund (NSATMyMkt)
491,991,154 shares (cost $491,991,154) ........................................................ 491,991,154
Nationwide SAT - Multi Sector Bond Fund (NSATMSecBd)
7,829,981 shares (cost $75,071,061) ........................................................... 72,740,521
Nationwide SAT - Mid Cap Index Fund (NSATMidCap)
2,680,255 shares (cost $33,148,639) ........................................................... 35,620,595
Nationwide SAT - Small Cap Growth Fund (NSATSmCapG)
2,348,729 shares (cost $50,499,639) ........................................................... 48,642,187
Nationwide SAT - Small Cap Value Fund (NSATSmCapV)
9,914,583 shares (cost $102,881,969) .......................................................... 106,978,347
Nationwide SAT - Small Company Fund (NSATSmCo)
7,950,248 shares (cost $190,570,632) .......................................................... 189,215,904
Nationwide SAT - Strategic Growth Fund (NSATStrGro)
8,527,703 shares (cost $175,145,048) .......................................................... 183,089,780
Nationwide SAT - Strategic Value Fund (NSATStrVal)
2,123,788 shares (cost $20,577,071) ........................................................... 19,645,043
Nationwide SAT - Total Return Fund (NSATTotRe)
27,923,190 shares (cost $521,920,840) ......................................................... 541,430,654
Neuberger Berman AMT - Guardian Portfolio (NBAMTGuard)
4,360,631 shares (cost $64,749,793) ........................................................... 71,252,703
Neuberger Berman AMT - Mid-Cap Growth Portfolio (NBAMTMCGr)
8,913,890 shares (cost $208,122,450) .......................................................... 244,240,584
Neuberger Berman AMT - Partners Portfolio (NBAMTPart)
7,391,270 shares (cost $132,843,896) .......................................................... 118,038,584
Oppenheimer Aggressive Growth Fund/VA (OppAggGro)
6,506,522 shares (cost $293,702,519) .......................................................... 332,743,548
Oppenheimer Capital Appreciation Fund/VA (OppCapAp)
4,031,906 shares (cost $358,083,673) .......................................................... 389,643,360
Oppenheimer Global Securities Fund/VA (OppGlSec)
159,830 shares (cost $5,111,988) .............................................................. 5,106,562
Oppenheimer Main Street Growth & Income Fund/VA (OppGrInc)
10,466,281 shares (cost $236,082,932) ......................................................... 244,387,668
Strong Opportunity Fund II, Inc. (StOpp2)
358,494 shares (cost $9,907,140) .............................................................. 9,697,268
</TABLE>
(Continued)
5
<PAGE> 6
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY, CONTINUED
<TABLE>
<S> <C>
Universal IF - Emerging Markets Debt Portfolio (UIFEmMkt)
1,451,946 shares (cost $10,639,972) ........................................................... 10,686,321
Universal IF - Mid Cap Growth Portfolio (UIFMidCpG)
17,051 shares (cost $251,216) ................................................................. 249,287
Van Eck WIT - Worldwide Emerging Markets Fund (VEWrldEMkt)
3,859,606 shares (cost $48,021,993) ........................................................... 48,206,485
Van Eck WIT - Worldwide Hard Assets Fund (VEWrldHAs)
865,138 shares (cost $9,834,785) .............................................................. 9,741,449
Van Kampen LIT - Morgan Stanley Real Estate Securities Portfolio (VKMSRESec)
2,956,661 shares (cost $37,931,158) ........................................................... 39,796,658
Victory VIF - Diversified Stock Fund - Class A (VVIFDStk)
663,180 shares (cost $6,464,882) .............................................................. 6,492,533
Victory VIF - Investment Quality Bond Fund - Class A (VVIFIQBd)
203,418 shares (cost $2,022,802) .............................................................. 2,009,772
Victory VIF - Small Company Opportunity Fund - Class A (VVIFSmCoOpp)
159,045 shares (cost $1,561,051) .............................................................. 1,698,597
Warburg Pincus Trust - International Equity Portfolio (WPIntEq)
2,351,827 shares (cost $36,003,776) ........................................................... 35,841,837
Warburg Pincus Trust - Global Post Venture Capital Portfolio (WPGPVenCp)
1,093,502 shares (cost $22,071,323) ........................................................... 22,110,620
Warburg Pincus Trust - Value Portfolio (WPValue)
1,712,123 shares (cost $20,651,407) ........................................................... 19,860,632
-------------
Total assets ............................................................................... 9,494,593,933
ACCOUNTS PAYABLE ....................................................................................... 7,613,764
-------------
CONTRACT OWNERS' EQUITY (NOTE 4) ....................................................................... $ 9,486,980,169
=============
</TABLE>
See accompanying notes to financial statements.
6
<PAGE> 7
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY
STATEMENTS OF OPERATIONS
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
Total ACVPIncGr
-------------------------------- -------------------------------
2000 1999 2000 1999
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 63,617,420 37,663,935 975,363 13,740
Mortality and expense risk charges (note 2) (40,270,296) (16,399,096) (949,745) (354,976)
-------------- -------------- -------------- --------------
Net investment activity ................ 23,347,124 21,264,839 25,618 (341,236)
-------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold ...... 4,053,753,865 436,501,099 745,850 204,409
Cost of mutual fund shares sold ............ (3,913,600,331) (430,233,531) (604,567) (152,195)
-------------- -------------- -------------- --------------
Realized gain (loss) on investments .... 140,153,534 6,267,568 141,283 52,214
Change in unrealized gain (loss)
on investments ......................... (340,512,143) 247,039,172 (7,081,436) 7,585,335
-------------- -------------- -------------- --------------
Net gain (loss) on investments ......... (200,358,609) 253,306,740 (6,940,153) 7,637,549
-------------- -------------- -------------- --------------
Reinvested capital gains ................... 236,235,939 42,592,745 -- --
-------------- -------------- -------------- --------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 59,224,454 317,164,324 (6,914,535) 7,296,313
-------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 3,177,273,695 1,585,047,423 62,062,512 45,207,336
Transfers between funds .................... -- -- (2,354,537) 9,479,869
Redemptions ................................ (272,866,559) (91,634,140) (4,558,830) (1,707,312)
Annuity benefits ........................... (72,878) -- (1,127) --
Annual contract maintenance charge
(note 2) ............................... (77,803) -- (4,010) --
Contingent deferred sales charges
(note 2) ............................... (5,113,983) (2,040,175) (81,680) (34,337)
Adjustments to maintain reserves ........... (1,552,817) (11,924) (26,258) (7,885)
-------------- -------------- -------------- --------------
Net equity transactions ........... 2,897,589,655 1,491,361,184 55,036,070 52,937,671
-------------- -------------- -------------- --------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 2,956,814,109 1,808,525,508 48,121,535 60,233,984
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 6,530,166,060 2,588,796,935 163,760,413 46,170,274
-------------- -------------- -------------- --------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $9,486,980,169 4,397,322,443 211,881,948 106,404,258
============== ============== ============== ==============
</TABLE>
<TABLE>
<CAPTION>
ACVPInt ACVPValue
-------------------------------- --------------------------------
2000 1999 2000 1999
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 295,124 -- 493,863 227,207
Mortality and expense risk charges (note 2) (1,313,105) (338,039) (217,545) (122,893)
-------------- -------------- -------------- --------------
Net investment activity ................ (1,017,981) (338,039) 276,318 104,314
-------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold ...... 529,187,640 28,882,681 16,481,420 6,044,175
Cost of mutual fund shares sold ............ (498,507,463) (28,822,770) (18,978,094) (6,461,455)
-------------- -------------- -------------- --------------
Realized gain (loss) on investments .... 30,680,177 59,911 (2,496,674) (417,280)
Change in unrealized gain (loss)
on investments ......................... (46,196,956) 5,197,935 (902,325) 1,272,269
-------------- -------------- -------------- --------------
Net gain (loss) on investments ......... (15,516,779) 5,257,846 (3,398,999) 854,989
-------------- -------------- -------------- --------------
Reinvested capital gains ................... 4,412,512 -- 1,263,708 2,152,580
-------------- -------------- -------------- --------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... (12,122,248) 4,919,807 (1,858,973) 3,111,883
-------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 99,308,922 27,275,401 14,249,080 6,897,928
Transfers between funds .................... 26,509,516 7,624,754 31,405 2,489,034
Redemptions ................................ (6,914,227) (1,167,217) (1,391,652) (510,367)
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... (749) -- (67) --
Contingent deferred sales charges
(note 2) ............................... (149,032) (20,669) (37,228) (12,246)
Adjustments to maintain reserves ........... 1,380 290 (9) 160
-------------- -------------- -------------- --------------
Net equity transactions ........... 118,755,810 33,712,559 12,851,529 8,864,509
-------------- -------------- -------------- --------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 106,633,562 38,632,366 10,992,556 11,976,392
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 195,444,988 52,242,163 38,355,932 21,650,989
-------------- -------------- -------------- --------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 302,078,550 90,874,529 49,348,488 33,627,381
============== ============== ============== ==============
</TABLE>
(Continued)
7
<PAGE> 8
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
DrySRGro DryStkIx
-------------------------------- --------------------------------
2000 1999 2000 1999
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 32,489 -- 5,254,586 2,874,693
Mortality and expense risk charges (note 2) (1,090,782) (288,082) (5,269,514) (2,202,326)
-------------- -------------- -------------- --------------
Net investment activity ................ (1,058,293) (288,082) (14,928) 672,367
-------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold ...... 346,523 909,313 12,343,645 1,343,755
Cost of mutual fund shares sold ............ (248,434) (678,435) (8,723,357) (1,017,256)
-------------- -------------- -------------- --------------
Realized gain (loss) on investments .... 98,089 230,878 3,620,288 326,499
Change in unrealized gain (loss)
on investments ......................... 7,577,904 7,232,633 (11,667,486) 47,508,215
-------------- -------------- -------------- --------------
Net gain (loss) on investments ......... 7,675,993 7,463,511 (8,047,198) 47,834,714
-------------- -------------- -------------- --------------
Reinvested capital gains ................... -- -- 1,144,840 1,965,539
-------------- -------------- -------------- --------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 6,617,700 7,175,429 (6,917,286) 50,472,620
-------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 93,121,887 34,366,378 308,430,820 225,676,473
Transfers between funds .................... 9,760,009 7,357,370 (8,451,696) 40,758,356
Redemptions ................................ (6,408,454) (1,412,020) (33,818,585) (9,528,826)
Annuity benefits ........................... (7,638) -- (33,217) --
Annual contract maintenance charge
(note 2) ............................... (7,582) -- (17,198) --
Contingent deferred sales charges
(note 2) ............................... (128,429) (26,052) (632,228) (209,605)
Adjustments to maintain reserves ........... (152,828) 423 (312,673) 3,670
-------------- -------------- -------------- --------------
Net equity transactions ........... 96,176,965 40,286,099 265,165,223 256,700,068
-------------- -------------- -------------- --------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 102,794,665 47,461,528 258,247,937 307,172,688
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 166,642,026 38,805,599 929,607,317 311,454,663
-------------- -------------- -------------- --------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 269,436,691 86,267,127 1,187,855,254 618,627,351
============== ============== ============== ==============
</TABLE>
<TABLE>
<CAPTION>
DryAp DryEuroEq
-------------------------------- --------------------------------
2000 1999 2000 1999
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 8,029 4,635 -- --
Mortality and expense risk charges (note 2) (821,533) (433,169) (42,068) --
-------------- -------------- -------------- --------------
Net investment activity ................ (813,504) (428,534) (42,068) --
-------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold ...... 15,938,788 4,358,568 25,944,995 --
Cost of mutual fund shares sold ............ (13,666,180) (3,605,577) (25,863,030) --
-------------- -------------- -------------- --------------
Realized gain (loss) on investments .... 2,272,608 752,991 81,965 --
Change in unrealized gain (loss)
on investments ......................... 1,973,850 5,487,496 (226,725) --
-------------- -------------- -------------- --------------
Net gain (loss) on investments ......... 4,246,458 6,240,487 (144,760) --
-------------- -------------- -------------- --------------
Reinvested capital gains ................... -- -- 229,206 --
-------------- -------------- -------------- --------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 3,432,954 5,811,953 42,378 --
-------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 32,238,168 56,151,210 6,951,438 --
Transfers between funds .................... (22,937,230) 5,466,197 3,935,152 --
Redemptions ................................ (5,576,644) (1,772,047) (265,399) --
Annuity benefits ........................... (8,063) -- -- --
Annual contract maintenance charge
(note 2) ............................... (4,289) -- (24) --
Contingent deferred sales charges
(note 2) ............................... (118,750) (34,889) (1,347) --
Adjustments to maintain reserves ........... (22,767) 242 (614) --
-------------- -------------- -------------- --------------
Net equity transactions ........... 3,570,425 59,810,713 10,619,206 --
-------------- -------------- -------------- --------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 7,003,379 65,622,666 10,661,584 --
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 165,362,029 57,411,990 2,133,928 --
-------------- -------------- -------------- --------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 172,365,408 123,034,656 12,795,512 --
============== ============== ============== ==============
</TABLE>
8
<PAGE> 9
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
FedQualBd FidVIPEIS
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 150,951 -- 5,982,279 3,121,196
Mortality and expense risk charges (note 2) (87,730) (146) (1,824,975) (1,187,404)
------------ ------------ ------------ ------------
Net investment activity ................ 63,221 (146) 4,157,304 1,933,792
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 4,782,657 23,673 31,664,850 827,997
Cost of mutual fund shares sold ............ (4,730,082) (23,880) (33,358,964) (779,341)
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... 52,575 (207) (1,694,114) 48,656
Change in unrealized gain (loss)
on investments ......................... 474,256 1,659 (38,326,057) 20,047,979
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... 526,831 1,452 (40,020,171) 20,096,635
------------ ------------ ------------ ------------
Reinvested capital gains ................... -- -- 23,074,503 6,899,485
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 590,052 1,306 (12,788,364) 28,929,912
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 16,426,440 101,034 91,368,919 83,135,663
Transfers between funds .................... 2,497,303 177,538 (37,551,010) 4,680,466
Redemptions ................................ (409,579) (12,911) (10,480,953) (6,769,854)
Annuity benefits ........................... (230) -- (180) --
Annual contract maintenance charge
(note 2) ............................... (3) -- (1,729) --
Contingent deferred sales charges
(note 2) ............................... (2,026) -- (226,853) (120,023)
Adjustments to maintain reserves ........... (40,863) 166,933 (2,663) 1,722
------------ ------------ ------------ ------------
Net equity transactions ........... 18,471,042 432,594 43,105,531 80,927,974
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 19,061,094 433,900 30,317,167 109,857,886
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 7,446,931 -- 362,084,796 196,573,059
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 26,508,025 433,900 392,401,963 306,430,945
============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
FidVIPGrS FidVIPHIS
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 618,228 246,130 12,720,862 9,984,261
Mortality and expense risk charges (note 2) (4,093,274) (979,321) (961,921) (614,960)
------------ ------------ ------------ ------------
Net investment activity ................ (3,475,046) (733,191) 11,758,941 9,369,301
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 16,011,842 12,358,888 41,334,992 15,932,874
Cost of mutual fund shares sold ............ (11,526,006) (10,312,332) (46,139,891) (17,709,692)
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... 4,485,836 2,046,556 (4,804,899) (1,776,818)
Change in unrealized gain (loss)
on investments ......................... (37,691,210) 7,844,659 (17,407,152) 499,650
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... (33,205,374) 9,891,215 (22,212,051) (1,277,168)
------------ ------------ ------------ ------------
Reinvested capital gains ................... 73,816,434 15,475,451 -- 373,243
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 37,136,014 24,633,475 (10,453,110) 8,465,376
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 320,964,733 130,580,253 48,014,914 39,669,505
Transfers between funds .................... 40,387,955 55,251,621 (26,822,537) 2,252,923
Redemptions ................................ (21,757,122) (10,986,518) (6,416,711) (3,433,867)
Annuity benefits ........................... (3,442) -- -- --
Annual contract maintenance charge
(note 2) ............................... (7,625) -- (966) --
Contingent deferred sales charges
(note 2) ............................... (447,700) (494,543) (111,335) (47,134)
Adjustments to maintain reserves ........... (252,891) 1,421 1,703 321
------------ ------------ ------------ ------------
Net equity transactions ........... 338,883,908 174,352,234 14,665,068 38,441,748
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 376,019,922 198,985,709 4,211,958 46,907,124
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 608,360,296 109,329,873 196,340,692 103,387,120
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 984,380,218 308,315,582 200,552,650 150,294,244
============ ============ ============ ============
</TABLE>
(Continued)
9
<PAGE> 10
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
FidVIPOvS FidVIPConS
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 1,457,064 428,804 1,560,219 703,614
Mortality and expense risk charges (note 2) (573,653) (161,868) (2,502,443) (923,297)
------------- ------------- ------------- -------------
Net investment activity ................ 883,411 266,936 (942,224) (219,683)
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 376,016,642 38,295,402 18,625,523 923,536
Cost of mutual fund shares sold ............ (379,116,646) (37,217,391) (15,188,744) (749,244)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... (3,100,004) 1,078,011 3,436,779 174,292
Change in unrealized gain (loss)
on investments ......................... (9,882,668) 697,234 (68,210,833) 13,981,923
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... (12,982,672) 1,775,245 (64,774,054) 14,156,215
------------- ------------- ------------- -------------
Reinvested capital gains ................... 9,430,441 691,619 56,635,936 5,159,836
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... (2,668,820) 2,733,800 (9,080,342) 19,096,368
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 41,263,648 11,739,454 160,495,200 97,521,750
Transfers between funds .................... 5,267,064 5,429,671 (11,291,943) 23,999,442
Redemptions ................................ (2,656,606) (599,855) (12,430,075) (3,839,870)
Annuity benefits ........................... 2,629 -- (7,984) --
Annual contract maintenance charge
(note 2) ............................... (142) -- (6,814) --
Contingent deferred sales charges
(note 2) ............................... (38,782) (16,163) (281,886) (67,460)
Adjustments to maintain reserves ........... (39,107) 118 (130,168) 1,212
------------- ------------- ------------- -------------
Net equity transactions ........... 43,798,704 16,553,225 136,346,330 117,615,074
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 41,129,884 19,287,025 127,265,988 136,711,442
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 92,437,608 26,272,538 424,819,690 128,667,017
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 133,567,492 45,559,563 552,085,678 265,378,459
============= ============= ============= =============
</TABLE>
<TABLE>
<CAPTION>
FidVIPGrOpS JanCapAp
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 2,415,304 1,071,044 105,019 --
Mortality and expense risk charges (note 2) (966,227) (641,741) (670,639) --
------------- ------------- ------------- -------------
Net investment activity ................ 1,449,077 429,303 (565,620) --
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 24,165,117 1,852,749 7,332,566 --
Cost of mutual fund shares sold ............ (23,082,685) (1,566,483) (7,333,573) --
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... 1,082,432 286,266 (1,007) --
Change in unrealized gain (loss)
on investments ......................... (23,729,848) 6,192,474 (13,523,709) --
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... (22,647,416) 6,478,740 (13,524,716) --
------------- ------------- ------------- -------------
Reinvested capital gains ................... 12,702,709 2,093,404 -- --
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... (8,495,630) 9,001,447 (14,090,336) --
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 37,620,897 57,212,764 179,298,824 --
Transfers between funds .................... (33,299,863) 4,483,068 97,078,616 --
Redemptions ................................ (6,240,707) (3,123,300) (3,869,377) --
Annuity benefits ........................... (148) -- (723) --
Annual contract maintenance charge
(note 2) ............................... (781) -- (148) --
Contingent deferred sales charges
(note 2) ............................... (122,429) (70,522) (53,484) --
Adjustments to maintain reserves ........... (24,387) (612) (28,001) --
------------- ------------- ------------- -------------
Net equity transactions ........... (2,067,418) 58,501,398 272,425,707 --
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... (10,563,048) 67,502,845 258,335,371 --
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 208,028,456 100,601,545 -- --
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 197,465,408 168,104,390 258,335,371 --
============= ============= ============= =============
</TABLE>
10
<PAGE> 11
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
JanGlobTech JanInGro
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ -- -- -- --
Mortality and expense risk charges (note 2) (611,653) -- (504,219) --
------------- ------------- ------------- -------------
Net investment activity ................ (611,653) -- (504,219) --
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 3,728,877 -- 39,607,247 --
Cost of mutual fund shares sold ............ (3,834,326) -- (43,068,243) --
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... (105,449) -- (3,460,996) --
Change in unrealized gain (loss)
on investments ......................... (10,133,953) -- (6,027,810) --
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... (10,239,402) -- (9,488,806) --
------------- ------------- ------------- -------------
Reinvested capital gains ................... -- -- -- --
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... (10,851,055) -- (9,993,025) --
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 151,344,921 -- 142,470,808 --
Transfers between funds .................... 91,666,904 -- 72,707,020 --
Redemptions ................................ (3,544,680) -- (2,427,766) --
Annuity benefits ........................... (1,382) -- (673) --
Annual contract maintenance charge
(note 2) ............................... (234) -- (115) --
Contingent deferred sales charges
(note 2) ............................... (54,839) -- (15,995) --
Adjustments to maintain reserves ........... (17,286) -- (50,384) --
------------- ------------- ------------- -------------
239,393,404 -- 212,682,895 --
Net equity transactions ........... ------------- ------------- ------------- -------------
228,542,349 -- 202,689,870 --
NET CHANGE IN CONTRACT OWNERS' EQUITY ..........
CONTRACT OWNERS' EQUITY BEGINNING -- -- -- --
OF PERIOD .................................. ------------- ------------- ------------- -------------
$ 228,542,349 -- 202,689,870 --
CONTRACT OWNERS' EQUITY END OF PERIOD .......... ============= ============= ============= =============
</TABLE>
<TABLE>
<CAPTION> NSATBal NSATCapAp
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 1,200,742 922,884 531,132 724,723
Mortality and expense risk charges (note 2) (391,413) (241,411) (1,556,125) (1,159,637)
------------- ------------- ------------- -------------
Net investment activity ................ 809,329 681,473 (1,024,993) (434,914)
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 7,887,144 618,365 45,084,457 6,579,478
Cost of mutual fund shares sold ............ (8,093,508) (582,333) (44,614,990) (5,304,872)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... (206,364) 36,032 469,467 1,274,606
Change in unrealized gain (loss)
on investments ......................... 1,246,382 2,071,844 66,581 28,866,892
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... 1,040,018 2,107,876 536,048 30,141,498
------------- ------------- ------------- -------------
Reinvested capital gains ................... -- 921 -- --
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 1,849,347 2,790,270 (488,945) 29,706,584
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 22,641,290 19,553,752 47,654,937 94,015,356
Transfers between funds .................... (8,326,344) (1,302,358) (56,079,593) (8,468,758)
Redemptions ................................ (2,793,283) (1,008,293) (9,530,805) (5,783,828)
Annuity benefits ........................... -- -- (2,293) --
Annual contract maintenance charge
(note 2) ............................... (464) -- (5,224) --
Contingent deferred sales charges
(note 2) ............................... (57,113) (12,750) (258,496) (113,363)
Adjustments to maintain reserves ........... 1,247 1,477,524 (80,219) (894,636)
------------- ------------- ------------- -------------
11,465,333 18,707,875 (18,301,693) 78,754,771
Net equity transactions ........... ------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 13,314,680 21,498,145 (18,790,638) 108,461,355
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 73,894,926 39,173,071 341,934,234 195,527,481
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 87,209,606 60,671,216 323,143,596 303,988,836
============= ============= ============= =============
</TABLE>
(Continued)
11
<PAGE> 12
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
NSATEqInc NSATGlob50
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 125,686 42,594 371,082 84,642
Mortality and expense risk charges (note 2) (168,862) (77,796) (216,302) (94,623)
------------ ------------ ------------ ------------
Net investment activity ................ (43,176) (35,202) 154,780 (9,981)
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 883,436 298,097 11,959,820 152,557
Cost of mutual fund shares sold ............ (661,524) (251,403) (9,693,346) (121,281)
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... 221,912 46,694 2,266,474 31,276
Change in unrealized gain (loss)
on investments ......................... 92,492 1,478,353 (2,748,212) 1,438,278
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... 314,404 1,525,047 (481,738) 1,469,554
------------ ------------ ------------ ------------
Reinvested capital gains ................... -- 10,580 -- 50,929
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 271,228 1,500,425 (326,958) 1,510,502
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 12,740,616 4,804,881 11,820,240 5,919,999
Transfers between funds .................... 1,512,797 1,167,075 (530,082) 1,279,708
Redemptions ................................ (841,057) (355,600) (933,582) (395,301)
Annuity benefits ........................... -- -- (178) --
Annual contract maintenance charge
(note 2) ............................... (86) -- (105) --
Contingent deferred sales charges
(note 2) ............................... (15,933) (4,002) (20,091) (3,138)
Adjustments to maintain reserves ........... 390 89 (38,627) 897,291
------------ ------------ ------------ ------------
Net equity transactions ........... 13,396,727 5,612,443 10,297,575 7,698,559
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 13,667,955 7,112,868 9,970,617 9,209,061
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 26,887,620 12,791,973 37,100,378 15,026,672
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 40,555,575 19,904,841 47,070,995 24,235,733
============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
NSATGvtBd NSATHIncBd
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 7,435,846 4,807,766 2,479,045 1,632,272
Mortality and expense risk charges (note 2) (1,219,392) (799,822) (251,006) (189,815)
------------ ------------ ------------ ------------
Net investment activity ................ 6,216,454 4,007,944 2,228,039 1,442,457
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 29,881,289 7,231,106 2,909,782 4,153,160
Cost of mutual fund shares sold ............ (31,682,860) (7,242,623) (3,125,407) (4,255,684)
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... (1,801,571) (11,517) (215,625) (102,524)
Change in unrealized gain (loss)
on investments ......................... 3,910,103 (8,300,092) (2,957,554) (761,642)
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... 2,108,532 (8,311,609) (3,173,179) (864,166)
------------ ------------ ------------ ------------
Reinvested capital gains ................... -- -- -- 20,477
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 8,324,986 (4,303,665) (945,140) 598,768
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 54,025,282 85,612,418 11,014,004 14,907,728
Transfers between funds .................... (34,847,034) (15,675,932) (5,546,707) 337,149
Redemptions ................................ (9,540,352) (5,375,871) (1,919,577) (1,088,724)
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... (1,435) -- (104) --
Contingent deferred sales charges
(note 2) ............................... (155,763) (87,093) (43,813) (17,422)
Adjustments to maintain reserves ........... 3,316 (359,994) 519 18
------------ ------------ ------------ ------------
Net equity transactions ........... 9,484,014 64,113,528 3,504,322 14,138,749
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 17,809,000 59,809,863 2,559,182 14,737,517
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 241,727,767 135,739,661 49,937,862 29,999,540
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 259,536,767 195,549,524 52,497,044 44,737,057
============ ============ ============ ============
</TABLE>
12
<PAGE> 13
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
NSATMyMkt NSATMSecBd
---------------------------------- ----------------------------------
2000 1999 2000 1999
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 12,087,750 4,874,800 2,229,945 1,291,422
Mortality and expense risk charges (note 2) (2,353,895) (1,065,069) (327,894) (195,363)
--------------- --------------- --------------- ---------------
Net investment activity ................ 9,733,855 3,809,731 1,902,051 1,096,059
--------------- --------------- --------------- ---------------
Proceeds from mutual fund shares sold ...... 2,002,184,851 183,344,315 8,455,305 1,336,217
Cost of mutual fund shares sold ............ (2,002,184,851) (183,344,315) (9,253,772) (1,391,010)
--------------- --------------- --------------- ---------------
Realized gain (loss) on investments .... -- -- (798,467) (54,793)
Change in unrealized gain (loss)
on investments ......................... -- -- 279,400 (1,717,925)
--------------- --------------- --------------- ---------------
Net gain (loss) on investments ......... -- -- (519,067) (1,772,718)
--------------- --------------- --------------- ---------------
Reinvested capital gains ................... -- -- -- --
--------------- --------------- --------------- ---------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 9,733,855 3,809,731 1,382,984 (676,659)
--------------- --------------- --------------- ---------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 425,459,235 246,567,133 15,690,058 13,017,214
Transfers between funds .................... (311,572,613) (170,826,817) (1,712,316) (495,904)
Redemptions ................................ (41,459,333) (11,280,541) (1,905,608) (1,072,929)
Annuity benefits ........................... 9,659 -- (116) --
Annual contract maintenance charge
(note 2) ............................... (712) -- (74) --
Contingent deferred sales charges
(note 2) ............................... (653,698) (191,935) (34,205) (14,111)
Adjustments to maintain reserves ........... 502,341 (3,312) (19,437) (47)
--------------- --------------- --------------- ---------------
Net equity transactions ........... 72,284,879 64,264,528 12,018,302 11,434,223
--------------- --------------- --------------- ---------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 82,018,734 68,074,259 13,401,286 10,757,564
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 409,535,675 191,311,362 59,321,062 34,953,838
--------------- --------------- --------------- ---------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 491,554,409 259,385,621 72,722,348 45,711,402
=============== =============== =============== ===============
</TABLE>
<TABLE>
<CAPTION>
NSATMidCap NSATSmCapG
---------------------------------- ----------------------------------
2000 1999 2000 1999
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 89,594 18,478 -- --
Mortality and expense risk charges (note 2) (124,485) (41,086) (161,225) (96)
--------------- --------------- --------------- ---------------
Net investment activity ................ (34,891) (22,608) (161,225) (96)
--------------- --------------- --------------- ---------------
Proceeds from mutual fund shares sold ...... 3,029,454 740,762 20,678,343 156,911
Cost of mutual fund shares sold ............ (2,420,008) (711,352) (16,126,178) (156,895)
--------------- --------------- --------------- ---------------
Realized gain (loss) on investments .... 609,446 29,410 4,552,165 16
Change in unrealized gain (loss)
on investments ......................... 928,827 927,877 (5,131,675) 136,363
--------------- --------------- --------------- ---------------
Net gain (loss) on investments ......... 1,538,273 957,287 (579,510) 136,379
--------------- --------------- --------------- ---------------
Reinvested capital gains ................... -- -- -- --
--------------- --------------- --------------- ---------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 1,503,382 934,679 (740,735) 136,283
--------------- --------------- --------------- ---------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 14,951,315 1,853,964 23,002,412 1,173,743
Transfers between funds .................... 4,983,739 313,727 12,792,605 44,003
Redemptions ................................ (541,490) (183,162) (2,652,512) (4,213)
Annuity benefits ........................... (1,088) -- (185) --
Annual contract maintenance charge
(note 2) ............................... (57) -- (61) --
Contingent deferred sales charges
(note 2) ............................... (11,197) (4,062) (12,052) --
Adjustments to maintain reserves ........... (35,999) 359,845 (160,385) (101,193)
--------------- --------------- --------------- ---------------
Net equity transactions ........... 19,345,223 2,340,312 32,969,822 1,112,340
--------------- --------------- --------------- ---------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 20,848,605 3,274,991 32,229,087 1,248,623
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 14,741,415 7,244,061 14,252,652 --
--------------- --------------- --------------- ---------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 35,590,020 10,519,052 46,481,739 1,248,623
=============== =============== =============== ===============
</TABLE>
(Continued)
13
<PAGE> 14
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
NSATSmCapV NSATSmCo
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ -- -- 47,090 --
Mortality and expense risk charges (note 2) (436,733) (166,498) (774,731) (229,291)
------------- ------------- ------------- -------------
Net investment activity ................ (436,733) (166,498) (727,641) (229,291)
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 29,798,973 4,451,669 104,899,346 17,440,272
Cost of mutual fund shares sold ............ (28,394,143) (4,788,642) (80,352,037) (18,582,467)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... 1,404,830 (336,973) 24,547,309 (1,142,195)
Change in unrealized gain (loss)
on investments ......................... 6,385,270 7,177,840 (17,611,031) 5,051,895
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... 7,790,100 6,840,867 6,936,278 3,909,700
------------- ------------- ------------- -------------
Reinvested capital gains ................... -- 1,676,398 -- --
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 7,353,367 8,350,767 6,208,637 3,680,409
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 22,764,905 7,297,500 55,059,377 12,910,532
Transfers between funds .................... 10,128,483 2,908,138 33,973,896 4,198,680
Redemptions ................................ (2,182,364) (527,492) (7,940,785) (997,906)
Annuity benefits ........................... (653) -- (771) --
Annual contract maintenance charge
(note 2) ............................... (416) -- (491) --
Contingent deferred sales charges
(note 2) ............................... (50,739) (12,499) (81,954) (26,964)
Adjustments to maintain reserves ........... (59,429) 566,495 (35,011) (5,086)
------------- ------------- ------------- -------------
Net equity transactions ........... 30,599,787 10,232,142 80,974,261 16,079,256
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 37,953,154 18,582,909 87,182,898 19,759,665
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 68,966,903 29,728,543 102,053,313 43,011,425
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 106,920,057 48,311,452 189,236,211 62,771,090
============= ============= ============= =============
</TABLE>
<TABLE>
<CAPTION>
NSATStrGro NSATStrVal
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... -- -- 84,044 59,156
Mortality and expense risk charges (note 2) (754,587) (63,703) (92,258) (66,182)
------------- ------------- ------------- -------------
Net investment activity ................ (754,587) (63,703) (8,214) (7,026)
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 36,386,404 3,410,021 17,403,344 2,887,579
Cost of mutual fund shares sold ............ (22,546,926) (2,811,380) (17,564,337) (3,105,308)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... 13,839,478 598,641 (160,993) (217,729)
Change in unrealized gain (loss)
on investments ......................... (11,699,387) 2,441,543 (274,204) 1,013,265
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... 2,140,091 3,040,184 (435,197) 795,536
------------- ------------- ------------- -------------
Reinvested capital gains ................... -- -- -- 203,060
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 1,385,504 2,976,481 (443,411) 991,570
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 64,210,374 4,878,362 6,168,305 2,353,162
Transfers between funds .................... 34,485,467 6,273,056 192,794 (1,723,918)
Redemptions ................................ (4,237,688) (267,766) (542,033) (282,363)
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... (584) -- (45) --
Contingent deferred sales charges
(note 2) ............................... (78,287) (3,136) (11,460) (6,834)
Adjustments to maintain reserves ........... 877 105 98 13
------------- ------------- ------------- -------------
Net equity transactions ........... 94,380,159 10,880,621 5,807,659 340,060
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 95,765,663 13,857,102 5,364,248 1,331,630
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 87,324,702 8,737,476 14,280,866 13,606,737
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 183,090,365 22,594,578 19,645,114 14,938,367
============= ============= ============= =============
</TABLE>
14
<PAGE> 15
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
NSATTotRe NBAMTGuard
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 1,410,323 1,409,392 354,768 136,645
Mortality and expense risk charges (note 2) (2,506,933) (1,675,079) (333,599) (216,777)
------------- ------------- ------------- -------------
Net investment activity ................ (1,096,610) (265,687) 21,169 (80,132)
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 28,499,027 1,552,536 13,087,523 2,284,994
Cost of mutual fund shares sold ............ (26,568,820) (1,363,535) (11,795,578) (2,151,944)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... 1,930,207 189,001 1,291,945 133,050
Change in unrealized gain (loss)
on investments ......................... 12,584,982 35,516,392 297,781 6,856,552
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... 14,515,189 35,705,393 1,589,726 6,989,602
------------- ------------- ------------- -------------
Reinvested capital gains ................... -- 152,895 -- --
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 13,418,579 35,592,601 1,610,895 6,909,470
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 97,663,246 115,722,893 13,976,304 16,144,456
Transfers between funds .................... (61,859,315) (3,767,589) (7,038,559) 4,270,917
Redemptions ................................ (17,696,601) (9,330,048) (2,058,183) (625,807)
Annuity benefits ........................... (9,754) -- -- --
Annual contract maintenance charge
(note 2) ............................... (7,342) -- (835) --
Contingent deferred sales charges
(note 2) ............................... (384,119) (179,733) (34,258) (18,419)
Adjustments to maintain reserves ........... (198,835) (76,507) 1,002 389
------------- ------------- ------------- -------------
Net equity transactions ........... 17,507,280 102,369,016 4,845,471 19,771,536
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 30,925,859 137,961,617 6,456,366 26,681,006
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 510,286,583 285,881,294 64,797,339 32,358,200
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 541,212,442 423,842,911 71,253,705 59,039,206
============= ============= ============= =============
</TABLE>
<TABLE>
<CAPTION>
NBAMTMCGr NBAMTPart
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... -- -- 921,060 1,329,409
Mortality and expense risk charges (note 2) (915,144) (172,751) (588,695) (563,425)
------------- ------------- ------------- -------------
Net investment activity ................ (915,144) (172,751) 332,365 765,984
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 27,383,370 8,209,872 26,094,918 6,658,927
Cost of mutual fund shares sold ............ (14,867,801) (7,011,576) (30,292,581) (6,996,457)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... 12,515,569 1,198,296 (4,197,663) (337,530)
Change in unrealized gain (loss)
on investments ......................... 1,961,063 306,667 (17,412,193) 11,228,853
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... 14,476,632 1,504,963 (21,609,856) 10,891,323
------------- ------------- ------------- -------------
Reinvested capital gains ................... 56,886 854,495 19,587,870 2,312,016
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 13,618,374 2,186,707 (1,689,621) 13,969,323
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 79,795,622 18,477,102 14,038,387 18,179,789
Transfers between funds .................... 51,138,196 (2,306,095) (18,754,042) (10,285,646)
Redemptions ................................ (4,305,695) (926,052) (3,077,350) (2,379,176)
Annuity benefits ........................... (162) -- -- --
Annual contract maintenance charge
(note 2) ............................... (1,585) -- (488) --
Contingent deferred sales charges
(note 2) ............................... (87,288) (14,970) (76,415) (58,737)
Adjustments to maintain reserves ........... (21,496) 86 1,580 860
------------- ------------- ------------- -------------
Net equity transactions ........... 126,517,592 15,230,071 (7,868,328) 5,457,090
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 140,135,966 17,416,778 (9,557,949) 19,426,413
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 104,083,991 28,359,137 127,598,102 108,935,535
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 244,219,957 45,775,915 118,040,153 128,361,948
============= ============= ============= =============
</TABLE>
(Continued)
15
<PAGE> 16
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
OppAggGro OppCapAp
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ -- -- 294,051 188,198
Mortality and expense risk charges (note 2) (1,390,681) (173,476) (1,328,045) (296,197)
------------- ------------- ------------- -------------
Net investment activity ................ (1,390,681) (173,476) (1,033,994) (107,999)
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 92,441,308 22,354,462 21,080,057 773,598
Cost of mutual fund shares sold ............ (55,507,639) (19,414,304) (13,926,310) (644,136)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... 36,933,669 2,940,158 7,153,747 129,462
Change in unrealized gain (loss)
on investments ......................... (6,584,408) 3,997,654 (2,178,336) 7,075,841
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... 30,349,261 6,937,812 4,975,411 7,205,303
------------- ------------- ------------- -------------
Reinvested capital gains ................... 9,393,044 -- 15,691,996 2,067,307
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 38,351,624 6,764,336 19,633,413 9,164,611
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 124,508,311 11,312,715 105,577,639 30,945,881
Transfers between funds .................... 87,150,827 1,701,982 41,139,894 7,460,327
Redemptions ................................ (7,557,701) (688,707) (6,551,100) (1,188,284)
Annuity benefits ........................... (278) -- (4,090) --
Annual contract maintenance charge
(note 2) ............................... (1,654) -- (2,314) --
Contingent deferred sales charges
(note 2) ............................... (141,575) (19,300) (146,198) (28,067)
Adjustments to maintain reserves ........... (15,009) 302 (137,052) 497
------------- ------------- ------------- -------------
Net equity transactions ........... 203,942,921 12,306,992 139,876,779 37,190,354
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 242,294,545 19,071,328 159,510,192 46,354,965
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 147,333,357 27,386,709 172,841,601 41,340,619
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 389,627,902 46,458,037 332,351,793 87,695,584
============= ============= ============= =============
</TABLE>
<TABLE>
<CAPTION>
OppGlSec OppGrInc
------------------------------ ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... -- -- 666,213 256,716
Mortality and expense risk charges (note 2) (4,354) -- (963,703) (300,266)
------------- ------------- ------------- -------------
Net investment activity ................ (4,354) -- (297,490) (43,550)
------------- ------------- ------------- -------------
Proceeds from mutual fund shares sold ...... 4,355,527 -- 746,078 1,905,965
Cost of mutual fund shares sold ............ (4,286,994) -- (650,674) (1,907,326)
------------- ------------- ------------- -------------
Realized gain (loss) on investments .... 68,533 -- 95,404 (1,361)
Change in unrealized gain (loss)
on investments ......................... (5,426) -- (8,118,271) 8,139,924
------------- ------------- ------------- -------------
Net gain (loss) on investments ......... 63,107 -- (8,022,867) 8,138,563
------------- ------------- ------------- -------------
Reinvested capital gains ................... -- -- 8,795,854 432,510
------------- ------------- ------------- -------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 58,753 -- 475,497 8,527,523
------------- ------------- ------------- -------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 2,634,958 -- 99,018,312 23,166,216
Transfers between funds .................... 2,428,519 -- 9,295,420 (2,426,959)
Redemptions ................................ (19,630) -- (5,894,469) (1,342,144)
Annuity benefits ........................... -- -- (755) --
Annual contract maintenance charge
(note 2) ............................... -- -- (788) --
Contingent deferred sales charges
(note 2) ............................... (47) -- (123,145) (25,149)
Adjustments to maintain reserves ........... (14,477) -- (34,389) 538
------------- ------------- ------------- -------------
Net equity transactions ........... 5,029,323 -- 102,260,186 19,372,502
------------- ------------- ------------- -------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 5,088,076 -- 102,735,683 27,900,025
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. -- -- 141,609,841 51,643,553
------------- ------------- ------------- -------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 5,088,076 -- 244,345,524 79,543,578
============= ============= ============= =============
</TABLE>
16
<PAGE> 17
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
StOpp2 UIFEmMkt
-------------------------- --------------------------
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ -- -- -- --
Mortality and expense risk charges (note 2) (12,995) -- (48,218) (18,671)
----------- ----------- ----------- -----------
Net investment activity ................ (12,995) -- (48,218) (18,671)
----------- ----------- ----------- -----------
Proceeds from mutual fund shares sold ...... 1,670,774 -- 11,093,325 1,907,711
Cost of mutual fund shares sold ............ (1,635,289) -- (10,823,408) (2,686,734)
----------- ----------- ----------- -----------
Realized gain (loss) on investments .... 35,485 -- 269,917 (779,023)
Change in unrealized gain (loss)
on investments ......................... (209,872) -- 217,107 1,240,920
----------- ----------- ----------- -----------
Net gain (loss) on investments ......... (174,387) -- 487,024 461,897
----------- ----------- ----------- -----------
Reinvested capital gains ................... -- -- -- --
----------- ----------- ----------- -----------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... (187,382) -- 438,806 443,226
----------- ----------- ----------- -----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 2,654,456 -- 2,845,332 1,164,428
Transfers between funds .................... 7,301,917 -- 1,215,164 275,828
Redemptions ................................ (70,580) -- (519,625) (48,782)
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... -- -- (45) --
Contingent deferred sales charges
(note 2) ............................... (1,038) -- (5,788) (969)
Adjustments to maintain reserves ........... (89) -- 45 (28)
----------- ----------- ----------- -----------
Net equity transactions ........... 9,884,666 -- 3,535,083 1,390,477
----------- ----------- ----------- -----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 9,697,284 -- 3,973,889 1,833,703
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. -- -- 6,712,494 3,251,340
----------- ----------- ----------- -----------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 9,697,284 -- 10,686,383 5,085,043
=========== =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
UIFMidCpG VEWrldEMkt
-------------------------- --------------------------
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... -- -- -- --
Mortality and expense risk charges (note 2) (145) -- (230,591) (38,586)
----------- ----------- ----------- -----------
Net investment activity ................ (145) -- (230,591) (38,586)
----------- ----------- ----------- -----------
Proceeds from mutual fund shares sold ...... 189,169 -- 87,218,582 4,826,607
Cost of mutual fund shares sold ............ (185,286) -- (86,707,023) (4,748,588)
----------- ----------- ----------- -----------
Realized gain (loss) on investments .... 3,883 -- 511,559 78,019
Change in unrealized gain (loss)
on investments ......................... (1,929) -- (5,850,266) 3,211,358
----------- ----------- ----------- -----------
Net gain (loss) on investments ......... 1,954 -- (5,338,707) 3,289,377
----------- ----------- ----------- -----------
Reinvested capital gains ................... -- -- -- --
----------- ----------- ----------- -----------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 1,809 -- (5,569,298) 3,250,791
----------- ----------- ----------- -----------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 173,036 -- 19,317,969 2,364,771
Transfers between funds .................... 99,228 -- 1,605,722 7,600,782
Redemptions ................................ (24,786) -- (1,783,494) (155,470)
Annuity benefits ........................... -- -- (36) --
Annual contract maintenance charge
(note 2) ............................... -- -- (167) --
Contingent deferred sales charges
(note 2) ............................... -- -- (39,525) (3,771)
Adjustments to maintain reserves ........... (2) -- (6,557) 175
----------- ----------- ----------- -----------
Net equity transactions ........... 247,476 -- 19,093,912 9,806,487
----------- ----------- ----------- -----------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 249,285 -- 13,524,614 13,057,278
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. -- -- 34,675,769 4,734,742
----------- ----------- ----------- -----------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 249,285 -- 48,200,383 17,792,020
=========== =========== =========== ===========
</TABLE>
(Continued)
17
<PAGE> 18
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
VEWrldHAs VKMSRESec
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 72,408 32,691 1,063,195 1,176,823
Mortality and expense risk charges (note 2) (37,914) (15,661) (141,526) (91,556)
------------ ------------ ------------ ------------
Net investment activity ................ 34,494 17,030 921,669 1,085,267
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 32,599,781 12,475,638 7,585,094 4,483,602
Cost of mutual fund shares sold ............ (32,184,046) (11,928,669) (8,506,770) (5,106,230)
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... 415,735 546,969 (921,676) (622,628)
Change in unrealized gain (loss)
on investments ......................... (360,321) 116,865 3,820,155 1,019,525
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... 55,414 663,834 2,898,479 396,897
------------ ------------ ------------ ------------
Reinvested capital gains ................... -- -- -- --
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 89,908 680,864 3,820,148 1,482,164
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 1,881,181 1,096,249 9,894,546 4,266,768
Transfers between funds .................... 1,450,211 1,010,313 5,650,297 (1,603,270)
Redemptions ................................ (440,807) (54,719) (709,651) (586,193)
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... (25) -- (27) --
Contingent deferred sales charges
(note 2) ............................... (14,647) (322) (10,469) (15,697)
Adjustments to maintain reserves ........... (5,904) 74 188 57
------------ ------------ ------------ ------------
Net equity transactions ........... 2,870,009 2,051,595 14,824,884 2,061,665
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 2,959,917 2,732,459 18,645,032 3,543,829
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 6,781,015 2,047,555 21,151,811 18,011,188
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 9,740,932 4,780,014 39,796,843 21,555,017
============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
VVIFDStk VVIFIQBd
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C
INVESTMENT ACTIVITY:
Reinvested dividends ....................... 25,888 -- 53,896 --
Mortality and expense risk charges (note 2) (25,252) -- (4,571) --
------------ ------------ ------------ ------------
Net investment activity ................ 636 -- 49,325 --
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 152,698 -- 325,553 --
Cost of mutual fund shares sold ............ (145,500) -- (332,899) --
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... 7,198 -- (7,346) --
Change in unrealized gain (loss)
on investments ......................... (136,371) -- 19,402 --
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... (129,173) -- 12,056 --
------------ ------------ ------------ ------------
Reinvested capital gains ................... -- -- -- --
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... (128,537) -- 61,381 --
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 2,778,270 -- 564,935 --
Transfers between funds .................... 99,988 -- (340,433) --
Redemptions ................................ (1,264,207) -- (1,018,984) --
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... -- -- -- --
Contingent deferred sales charges
(note 2) ............................... (1,575) -- (554) --
Adjustments to maintain reserves ........... 11,545 -- (38,936) --
------------ ------------ ------------ ------------
Net equity transactions ........... 1,624,021 -- (833,972) --
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 1,495,484 -- (772,591) --
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 4,037,578 -- 1,732,332 --
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 5,533,062 -- 959,741 --
============ ============ ============ ============
</TABLE>
18
<PAGE> 19
NATIONWIDE VARIABLE ACCOUNT-9
STATEMENTS OF CHANGES IN
CONTRACT OWNERS' EQUITY, CONTINUED
STATEMENTS OF OPERATIONS, CONTINUED
SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
VVIFSmCoOpp WPIntEq
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... $ 4,282 -- -- --
Mortality and expense risk charges (note 2) (2,964) -- (188,359) (87,198)
------------ ------------ ------------ ------------
Net investment activity ................ 1,318 -- (188,359) (87,198)
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 37,553 -- 184,216,151 20,145,849
Cost of mutual fund shares sold ............ (37,755) -- (181,375,811) (20,441,773)
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... (202) -- 2,840,340 (295,924)
Change in unrealized gain (loss)
on investments ......................... 125,758 -- (4,226,953) 1,751,201
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... 125,556 -- (1,386,613) 1,455,277
------------ ------------ ------------ ------------
Reinvested capital gains ................... -- -- -- --
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 126,874 -- (1,574,972) 1,368,079
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 196,580 -- 1,673,763 5,161,161
Transfers between funds .................... 6,126 -- (5,147,443) 3,877,768
Redemptions ................................ (1,005,406) -- (1,414,673) (429,867)
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... -- -- (82) --
Contingent deferred sales charges
(note 2) ............................... (148) -- (31,274) (16,245)
Adjustments to maintain reserves ........... (76,783) -- 160 (1,477,360)
------------ ------------ ------------ ------------
Net equity transactions ........... (879,631) -- (4,919,549) 7,115,457
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... (752,757) -- (6,494,521) 8,483,536
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 1,371,139 -- 42,336,575 15,824,159
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... $ 618,382 -- 35,842,054 24,307,695
============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
WPGPVenCp WPValue
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ....................... -- -- -- --
Mortality and expense risk charges (note 2) (118,103) (35,668) (98,570) (75,171)
------------ ------------ ------------ ------------
Net investment activity ................ (118,103) (35,668) (98,570) (75,171)
------------ ------------ ------------ ------------
Proceeds from mutual fund shares sold ...... 18,942,110 3,187,428 10,334,145 975,381
Cost of mutual fund shares sold ............ (13,197,662) (3,246,627) (9,888,313) (840,016)
------------ ------------ ------------ ------------
Realized gain (loss) on investments .... 5,744,448 (59,199) 445,832 135,365
Change in unrealized gain (loss)
on investments ......................... (4,977,897) 1,017,981 (980,982) 2,185,487
------------ ------------ ------------ ------------
Net gain (loss) on investments ......... 766,551 958,782 (535,150) 2,320,852
------------ ------------ ------------ ------------
Reinvested capital gains ................... -- -- -- --
------------ ------------ ------------ ------------
Net increase (decrease) in contract
owners' equity resulting from
operations ................... 648,448 923,114 (633,720) 2,245,681
------------ ------------ ------------ ------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ........................ 776,483 1,902,358 4,469,884 4,741,746
Transfers between funds .................... (365,141) 5,726,912 (1,663,796) 986,572
Redemptions ................................ (543,623) (122,409) (722,158) (268,531)
Annuity benefits ........................... -- -- -- --
Annual contract maintenance charge
(note 2) ............................... (72) -- (45) --
Contingent deferred sales charges
(note 2) ............................... (15,215) (3,869) (11,881) (3,974)
Adjustments to maintain reserves ........... 176 (20) 151 (566,116)
------------ ------------ ------------ ------------
Net equity transactions ........... (147,392) 7,502,972 2,072,155 4,889,697
------------ ------------ ------------ ------------
NET CHANGE IN CONTRACT OWNERS' EQUITY .......... 501,056 8,426,086 1,438,435 7,135,378
CONTRACT OWNERS' EQUITY BEGINNING
OF PERIOD .................................. 21,609,697 6,508,542 18,422,359 13,095,692
------------ ------------ ------------ ------------
CONTRACT OWNERS' EQUITY END OF PERIOD .......... 22,110,753 14,934,628 19,860,794 20,231,070
============ ============ ============ ============
</TABLE>
See accompanying notes to financial statements.
19
<PAGE> 20
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000 AND 1999
(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 Investment Portfolios (Dreyfus IP);
Dreyfus IP - European Equity Portfolio (DryEuroEq)
Portfolio of the Dreyfus Variable Investment Fund (Dreyfus VIF);
Dreyfus VIF - Appreciation Portfolio (DryAp)
Federated Insurance Series: Federated Quality Bond Fund II
(FedQualBd)
Portfolios of the Fidelity Variable Insurance Products Fund
(Fidelity VIP);
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)
Portfolios of the Janus Aspen Series;
Janus Aspen Series - Capital Appreciation Portfolio - Service
Shares (JanCapAp)
Janus Aspen Series - Global Technology Portfolio - Service
Shares (JanGlobTech)
Janus Aspen Series - International Growth Portfolio - Service
Shares (JanInGro)
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 50 Fund (NSATGlob50)
20
<PAGE> 21
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)
Nationwide SAT - Mid Cap Index Fund (NSATMidCap)
Nationwide SAT - Small Cap Growth Fund (NSATSmCapG)
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 Aggressive Growth Fund/VA (OppAggGro)
Oppenheimer Capital Appreciation Fund/VA (OppCapAp)
(formerly Oppenheimer VAF - Growth Fund)
Oppenheimer Global Securities Fund/VA (OppGlSec)
Oppenheimer Main Street Growth & Income Fund/VA (OppGrInc)
(formerly Oppenheimer VAF - Growth & Income Fund)
Strong Opportunity Fund II, Inc. (StOpp2)
Portfolios of The Universal Institutional Funds, Inc. (Universal
IF) (formerly Morgan Stanley Universal Funds, Inc.);
Universal IF - Emerging Markets Debt Portfolio (UIFEmMkt)
Universal IF - Mid Cap Growth Portfolio (UIFMidCpG)
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)
Portfolio of the Victory Variable Insurance Funds ( Victory VIF);
Victory VIF - Diversified Stock Fund - Class A (VVIFDStk)
Victory VIF - Investment Quality Bond Fund - Class A (VVIFIQBd)
Victory VIF - Small Company Opportunity Fund - Class A
(VVIFSmCoOpp)
Portfolios of the Warburg Pincus Trust;
Warburg Pincus Trust - Global Post Venture Capital Portfolio
(WPGPVenCap)
Warburg Pincus Trust - International Equity Portfolio (WPIntEq)
Warburg Pincus Trust - Value Portfolio (WPValue)
At June 30, 2000, 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.
(Continued)
21
<PAGE> 22
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
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, 2000. 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.
(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.
(f) Calculation of Annuity Reserves
Annuity reserves are computed for contracts in the variable payout
stage according to industry standard mortality tables. The assumed
investment return is 3.5 percent unless the annuitant elects otherwise,
in which case the rate may vary from 3.5 percent to 7 percent, as
regulated by the laws of the respective states. The mortality risk is
fully borne by the Company and may result in additional amounts being
transferred into the Account by the Company to cover greater longevity
of annuitants than expected. Conversely, if reserves exceed amounts
required, transfers may be made to the Company.
(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.
On BOA Future, BOA V and BOA Choice contracts, the contingent deferred
sales charge will not exceed 7% of the lesser of purchase payments or
the amount surrendered, such charge declining to 0% after the purchase
payment has been held in the contract for 84 months. On IVA contracts,
the contingent deferred sales charge will not exceed 6% of the lesser
of purchase payments or the amount surrendered, such charge declining
to 0% after the purchase payment has been held in the contract for 84
months. No sales charges are deducted on BOA Exclusive II contracts.
No sales charges are deducted on redemptions used to purchase units in
the fixed investment options of the company.
22
<PAGE> 23
(b) Mortality and Expense Risk Charges
The Company deducts a mortality and expense risk charge assessed
through the daily unit value calculation as follows:
For the BOA Future contract, this charge ranges from an annual rate of
.95% to a maximum of 2.65% if all permissible rider options are
utilized. For this contract, the rider options include: (a) reduced
purchase payment; (b) five year CDSC; (c) CDSC waiver; (d) death
benefit; (e) guaranteed minimum income benefit and (f) purchase payment
bonus.
For the BOA Exclusive II contract, this charge ranges from an annual
rate of 1.20% to a maximum of 1.90% if all permissible rider options
are utilized. For this contract, the rider options include: (a) death
benefit and (b) guaranteed minimum income benefit.
For the BOA V contract, this charge ranges from an annual rate of 1.10%
to a maximum of 1.70% if all permissible rider options are utilized.
For this contract, the rider options include: (a) five year CDSC; (b)
CDSC waiver and (c) death benefit.
For the BOA Choice contract, this charge ranges from an annual rate of
1.20% to a maximum of 1.70% if all permissible rider options are
utilized. For this contract, the rider options include: (a) death
benefit and (b) guaranteed minimum income benefit.
For the IVA contract, this charge ranges from an annual rate of 1.25%
to a maximum of 1.45% if the death benefit option is utilized.
The rider options and permissible combinations and related charges for
the foregoing are described in the applicable product prospectus.
The following table provides mortality and expense risk charges by
asset fee rate for the six month period ended June 30, 2000:
<TABLE>
<CAPTION>
Total ACVPIncGr ACVPInt ACVPValue DrySRGro
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 17,270,956 432,222 568,473 102,547 478,846
1.00% ........ 11,186,183 255,643 346,805 50,465 308,590
1.05% ........ 2,142,313 44,327 59,537 12,054 56,657
1.10% ........ 582,550 26,741 9,288 1,107 60,717
1.15% ........ 152,196 4,921 2,943 289 9,718
1.20% ........ 1,591,288 45,361 61,441 14,304 45,265
1.25% ........ 314,970 15,279 10,598 3,089 7,447
1.30% ........ 34,313 895 725 22 2,868
1.35% ........ 3,883 238 32 12 113
1.40% ........ 5,563,502 102,601 210,404 27,505 85,568
1.45% ........ 778,961 8,121 20,686 3,087 14,922
1.50% ........ 239,399 3,145 10,068 1,510 5,100
1.55% ........ 132,785 1,256 4,721 522 3,789
1.60% ........ 111,972 5,714 2,702 169 6,419
1.65% ........ 77,775 1,335 2,429 132 2,514
1.70% ........ 24,444 901 625 21 555
1.75% ........ 3,266 82 - 41 123
1.80% ........ 3,114 - 9 1 83
1.85% ........ 18,381 252 539 182 800
1.90% ........ 10,636 460 652 16 45
1.95% ........ 13,013 185 365 467 368
2.00% ........ 4,774 37 27 - 32
2.05% ........ 4,925 24 11 - 85
2.10% ........ 1,643 3 22 - 56
2.15% ........ 2,183 2 2 - 58
</TABLE>
(Continued)
23
<PAGE> 24
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, Continued
<TABLE>
<CAPTION>
Continued Total ACVPIncGr ACVPInt ACVPValue DrySRGro
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
2.20% ........ 640 - 1 3 42
2.25% ........ 14 - - - -
2.30% ........ 206 - - - -
2.40% ........ 2 - - - -
2.45% ........ 10 - - - 2
------------ ------------ ------------ ------------ ------------
Total ..... $ 40,270,296 949,745 1,313,105 217,545 1,090,782
============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
DryStkIx DryAp DryEuroEq FedQualBd FidVIPEIS
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 2,369,571 375,568 15,469 27,132 804,805
1.00% ........ 1,586,777 240,247 7,551 16,998 599,331
1.05% ........ 285,276 61,576 1,128 3,029 140,202
1.10% ........ 92,238 17,592 144 772 17,813
1.15% ........ 25,614 5,779 97 355 3,850
1.20% ........ 163,018 41,596 4,615 2,595 55,709
1.25% ........ 40,686 6,567 349 1,069 15,699
1.30% ........ 7,776 2,148 22 19 979
1.35% ........ 688 69 4 2 29
1.40% ........ 593,663 62,368 9,270 30,847 152,694
1.45% ........ 45,370 2,564 2,392 2,475 18,625
1.50% ........ 29,191 3,598 351 668 5,138
1.55% ........ 8,957 494 404 1,031 3,133
1.60% ........ 9,609 426 78 211 3,741
1.65% ........ 4,208 346 136 217 1,677
1.70% ........ 2,683 176 4 62 446
1.75% ........ 433 17 - - -
1.80% ........ 79 - 1 3 39
1.85% ........ 1,184 23 16 183 843
1.90% ........ 539 8 - 1 10
1.95% ........ 997 181 19 - 181
2.00% ........ 468 107 4 40 17
2.05% ........ 270 3 3 - -
2.10% ........ 102 46 10 22 13
2.15% ........ 56 25 - - -
2.20% ........ 50 6 - - -
2.30% ........ 8 4 - - -
2.45% ........ 2 - - - -
------------ ------------ ------------ ------------ ------------
Total ..... $ 5,269,514 821,533 42,068 87,730 1,824,975
------------ ------------ ------------ ------------ ------------
</TABLE>
<TABLE>
<CAPTION>
FidVIPGrS FidVIPHIS FidVIPOvS FidVIPConS FidVIPGrOpS
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 1,631,414 434,826 247,887 1,111,256 436,396
1.00% ........ 1,178,222 258,096 126,654 726,664 328,243
1.05% ........ 188,804 80,268 30,463 114,418 57,600
1.10% ........ 67,194 8,530 4,079 43,232 6,325
1.15% ........ 18,755 1,453 776 8,442 1,461
1.20% ........ 207,872 24,337 27,953 137,186 32,443
1.25% ........ 37,405 5,914 6,658 18,868 6,319
1.30% ........ 2,891 202 96 3,082 211
1.35% ........ 484 11 33 191 32
1.40% ........ 580,283 137,117 113,312 256,842 85,926
</TABLE>
24
<PAGE> 25
<TABLE>
<CAPTION>
Continued FidVIPGrS FidVIPHIS FidVIPOvS FidVIPConS FidVIPGrOpS
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
1.45% ........ 106,408 4,972 7,816 45,077 4,524
1.50% ........ 24,238 2,897 2,266 18,703 2,131
1.55% ........ 15,905 1,798 1,753 7,151 2,044
1.60% ........ 11,705 854 2,357 2,997 1,231
1.65% ........ 13,508 236 832 4,424 301
1.70% ........ 4,051 164 250 991 232
1.75% ........ 502 1 - 276 16
1.80% ........ 80 11 - 32 -
1.85% ........ 1,084 219 125 720 262
1.90% ........ 1,092 - 36 434 303
1.95% ........ 526 3 295 1,054 109
2.00% ........ 400 1 4 155 77
2.05% ........ 81 - - 102 2
2.10% ........ 167 7 4 96 18
2.15% ........ 132 - 4 6 16
2.20% ........ 20 3 - 41 -
2.25% ........ 2 - 2 2 -
2.30% ........ 46 - - - 4
2.45% ........ - - - 1 -
------------ ------------ ------------ ------------ ------------
Total ..... $ 4,093,274 961,921 573,653 2,502,443 966,227
============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
JanCapAp JanGlobTech JanInGro NSATBal NSATCapAp
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 148,617 163,311 109,607 190,275 790,978
1.00% ........ 113,161 97,358 64,507 125,666 488,891
1.05% ........ 10,892 12,209 7,514 25,062 82,821
1.10% ........ 6,766 6,932 5,375 3,809 26,861
1.15% ........ 2,858 2,394 1,829 660 11,597
1.20% ........ 46,319 43,773 29,209 7,159 38,642
1.25% ........ 4,717 6,242 2,841 1,800 10,785
1.30% ........ 170 406 277 166 1,034
1.35% ........ 320 151 79 58 186
1.40% ........ 210,303 178,528 195,173 31,260 90,496
1.45% ........ 68,858 49,211 44,090 2,356 5,716
1.50% ........ 12,544 13,456 12,037 1,468 3,910
1.55% ........ 15,115 10,413 8,788 655 1,565
1.60% ........ 13,519 13,904 10,617 341 76
1.65% ........ 6,653 6,189 4,709 178 2,194
1.70% ........ 2,137 1,661 1,366 31 291
1.75% ........ 242 172 225 2 8
1.80% ........ 440 241 521 28 4
1.85% ........ 1,890 1,273 1,110 184 19
1.90% ........ 1,440 1,150 1,158 159 7
1.95% ........ 1,676 1,406 1,502 24 2
2.00% ........ 660 635 472 42 5
2.05% ........ 899 278 822 - -
2.10% ........ 175 87 165 31 37
2.15% ........ 227 210 204 - 1
2.20% ........ 31 17 13 - -
2.25% ........ 2 - 2 - -
2.30% ........ 8 45 8 - -
------------ ------------ ------------ ------------ ------------
Total ..... $ 670,639 611,653 504,219 391,413 1,556,125
============ ============ ============ ============ ============
</TABLE>
(Continued)
25
<PAGE> 26
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, Continued
<TABLE>
<CAPTION>
NSATEqInc NSATGlobEq NSATGvtBd NSATHIncBd NSATMyMkt
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 68,240 95,806 563,223 111,846 778,900
1.00% ........ 55,908 55,477 386,724 78,623 412,788
1.05% ........ 11,827 13,106 87,274 25,778 114,432
1.10% ........ 728 2,517 11,257 920 11,202
1.15% ........ 532 653 4,951 229 1,842
1.20% ........ 7,478 8,603 26,435 6,103 74,067
1.25% ........ 819 2,334 6,298 1,071 15,269
1.30% ........ 13 93 374 18 411
1.35% ........ - 9 25 - 253
1.40% ........ 17,042 34,303 123,417 23,269 839,923
1.45% ........ 2,864 1,143 5,223 792 68,775
1.50% ........ 1,446 754 2,601 1,000 16,667
1.55% ........ 740 891 1,009 210 5,629
1.60% ........ 544 35 162 542 2,920
1.65% ........ 382 386 224 458 4,111
1.70% ........ 146 3 54 18 828
1.75% ........ 18 - 39 - 109
1.80% ........ 10 3 6 1 176
1.85% ........ 76 163 96 30 1,705
1.90% ........ 6 22 - 74 938
1.95% ........ 17 - - 12 1,553
2.00% ........ 25 - - 13 187
2.05% ........ - - - - 690
2.10% ........ - - - - 165
2.15% ........ - - - - 22
2.20% ........ 4 - - - 335
------------ ------------ ------------ ------------ ------------
Total ..... $ 168,862 216,302 1,219,392 251,006 2,353,895
============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
NSATMSecBd NSATMidCap NSATSmCapG NSATSmCapV NSATSmCo
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 151,126 50,936 51,560 228,681 344,204
1.00% ........ 93,550 29,415 36,611 105,987 197,575
1.05% ........ 27,865 7,715 5,388 25,670 36,980
1.10% ........ 426 1,275 1,064 6,166 5,326
1.15% ........ 407 273 533 1,337 2,143
1.20% ........ 6,121 3,972 9,226 11,682 18,350
1.25% ........ 1,173 963 1,850 2,193 4,271
1.30% ........ 15 24 46 113 224
1.35% ........ 2 2 7 14 115
1.40% ........ 43,398 23,284 38,221 47,247 142,218
1.45% ........ 1,370 3,698 8,628 2,616 12,804
1.50% ........ 549 530 3,626 2,487 4,190
1.55% ........ 176 1,105 2,389 1,722 2,992
1.60% ........ 939 535 1,264 213 676
1.65% ........ 532 321 293 305 1,414
1.70% ........ 19 364 168 22 537
1.75% ........ 6 - 3 21 24
1.80% ........ 135 9 2 11 32
1.85% ........ 82 12 97 86 379
1.90% ........ - 19 25 56 194
1.95% ........ 3 20 72 60 6
</TABLE>
26
<PAGE> 27
<TABLE>
<CAPTION>
Continued NSATMSecBd NSATMidCap NSATSmCapG NSATSmCapV NSATSmCo
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
2.00% ........ - 7 65 38 27
2.05% ........ - - 2 1 -
2.10% ........ - 3 17 2 48
2.15% ........ - - 65 - -
2.20% ........ - - - - 5
2.30% ........ - - 4 - -
------------ ------------ ------------ ------------ ------------
Total ..... $ 327,894 124,485 161,225 436,733 774,731
============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
NSATStrGro NSATStrVal NSATTotRe NBAMTGuard NBAMTMCGr
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 322,785 44,014 1,260,412 146,390 383,789
1.00% ........ 191,124 22,738 864,438 104,713 236,035
1.05% ........ 27,192 5,855 135,627 23,464 52,952
1.10% ........ 12,060 298 48,958 5,728 13,656
1.15% ........ 2,281 97 12,600 1,402 2,342
1.20% ........ 36,422 2,863 37,886 13,221 48,389
1.25% ........ 7,522 695 12,298 1,712 7,107
1.30% ........ 636 8 3,112 255 664
1.35% ........ 91 - 105 17 111
1.40% ........ 105,445 12,183 101,858 31,859 129,776
1.45% ........ 32,162 1,944 16,624 2,060 20,582
1.50% ........ 8,261 911 5,539 1,422 5,439
1.55% ........ 2,798 115 3,973 284 3,885
1.60% ........ 1,300 55 1,176 814 5,222
1.65% ........ 1,652 471 904 95 2,133
1.70% ........ 821 1 513 29 591
1.75% ........ 118 - 2 22 83
1.80% ........ 281 - 87 - 181
1.85% ........ 514 1 522 6 570
1.90% ........ 170 10 183 14 320
1.95% ........ 38 - 84 56 223
2.00% ........ 10 - - 22 254
2.05% ........ 767 - - - 673
2.10% ........ 32 - 32 4 50
2.15% ........ 68 - - 12 90
2.20% ........ 1 - - - 17
2.30% ........ 35 - - - 8
2.45% ........ 2 - - - -
------------ ------------ ------------ ------------ ------------
Total ..... $ 754,587 92,258 2,506,933 333,599 915,144
============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
NBAMTPart OppAggGro OppCapAp OppGlSec OppGrInc
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 285,800 572,594 557,151 635 389,724
1.00% ........ 209,758 341,680 376,648 897 257,613
1.05% ........ 34,965 58,901 64,473 19 57,712
1.10% ........ 3,303 22,023 17,668 32 8,998
1.15% ........ 844 6,341 5,810 - 2,902
1.20% ........ 13,529 60,320 58,134 92 54,168
1.25% ........ 3,935 13,248 10,639 5 12,988
1.30% ........ 139 1,182 2,024 - 609
1.35% ........ - 110 127 - 140
1.40% ........ 31,939 254,008 150,109 2,287 133,015
1.45% ........ 2,575 32,388 65,655 205 22,636
1.50% ........ 609 11,962 8,095 99 7,193
</TABLE>
(Continued)
27
<PAGE> 28
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
Continued NBAMTPart OppAggGro OppCapAp OppGlSec OppGrInc
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
1.55% ........ 386 6,157 3,118 80 3,911
1.60% ........ 677 2,245 1,516 - 3,815
1.65% ........ 172 3,713 2,224 3 4,743
1.70% ........ 17 857 2,243 - 250
1.75% ........ - 172 180 - 305
1.80% ........ - 288 61 - 231
1.85% ........ 4 976 1,076 - 855
1.90% ........ 3 528 221 - 111
1.95% ........ 5 327 400 - 665
2.00% ........ 22 307 195 - 311
2.05% ........ - 33 4 - 172
2.10% ........ - 103 93 - 21
2.15% ........ 12 213 138 - 598
2.20% ........ - - 37 - 12
2.30% ........ - 4 8 - 4
2.45% ........ - - - - 1
------------ ------------ ------------ ------------ ------------
Total ..... $ 588,695 1,390,681 1,328,045 4,354 963,703
============ ============ ============ ============ ============
</TABLE>
<TABLE>
<CAPTION>
StOpp2 UIFEmMkt UIFMidCpG VEWrldEMkt VEWrldHAs
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 946 22,739 18 100,812 18,067
1.00% ........ 3,724 9,406 52 50,364 7,549
1.05% ........ 107 2,470 - 10,142 2,202
1.10% ........ 1 185 1 1,841 47
1.15% ........ - 72 - 263 56
1.20% ........ 191 3,459 24 11,722 1,258
1.25% ........ 23 210 4 1,997 132
1.30% ........ - - - 213 10
1.35% ........ - - - 20 -
1.40% ........ 2,176 8,407 22 41,643 8,052
1.45% ........ 5,649 429 9 8,288 468
1.50% ........ 14 374 16 1,076 18
1.55% ........ 33 304 - 593 14
1.60% ........ 1 26 - 361 24
1.65% ........ 53 81 - 439 6
1.70% ........ 78 6 - 187 10
1.75% ........ - - - 15 -
1.80% ........ - 2 - 9 -
1.85% ........ - 1 - 167 -
1.90% ........ - 10 - 211 -
1.95% ........ - 24 - 88 -
2.00% ........ - 11 - 99 -
2.05% ........ - - - 2 -
2.10% ........ - - - 12 -
2.15% ........ - - - 21 -
2.20% ........ - - - 1 -
2.30% ........ - - - 4 -
------------ ------------ ------------ ------------ ------------
Total ..... $ 12,995 48,218 145 230,591 37,914
============ ============ ============ ============ ============
</TABLE>
28
<PAGE> 29
<TABLE>
<CAPTION>
VKMSRESec VVIFDStk VVIFQBd VVIFSmCoOpp WPIntEq
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
0.95% ........ $ 65,662 - - - 102,085
1.00% ........ 38,256 68 - - 44,382
1.05% ........ 7,420 - - - 11,077
1.10% ........ 293 - - - 288
1.15% ........ 70 - - - 212
1.20% ........ 4,391 23,247 4,287 2,704 5,442
1.25% ........ 205 619 128 103 1,902
1.30% ........ 48 - - - 7
1.35% ........ - - - - -
1.40% ........ 23,814 - - - 22,108
1.45% ........ 489 497 - 11 94
1.50% ........ 117 581 96 87 652
1.55% ........ 618 4 - - -
1.60% ........ 66 19 - - 17
1.65% ........ 1 216 61 58 94
1.70% ........ 2 - - - -
1.80% ........ 7 - - - -
1.85% ........ 53 - - - -
1.90% ........ - 2 - - -
2.30% ........ 14 - - - -
------------ ------------ ------------ ------------ ------------
Total ..... $ 141,526 25,252 4,571 2,964 188,359
============ ============ ============ ============ ============
</TABLE>
WPGPVenCap WPValue
------------ ------------
0.95% ........ $ 66,082 47,530
1.00% ........ 29,344 24,869
1.05% ........ 9,814 8,051
1.10% ........ 542 232
1.15% ........ 11 201
1.20% ........ 5,111 3,594
1.25% ........ 467 458
1.30% ........ 79 7
1.35% ........ - 4
1.40% ........ 6,650 11,670
1.45% ........ - 1,014
1.50% ........ - 570
1.55% ........ - 159
1.60% ........ - 140
1.65% ........ 4 10
1.70% ........ - 35
1.75% ........ - 9
1.80% ........ - 9
1.90% ........ - 6
------------ ------------
Total ..... $ 118,103 98,570
============ ============
(Continued)
29
<PAGE> 30
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(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.
30
<PAGE> 31
(4) COMPONENTS OF CONTRACTS OWNERS' EQUITY
The following is a summary of contract owners' equity at June 30, 2000.
<TABLE>
<CAPTION>
ASSET PERIOD
Contract owners' equity represented by: CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
Contracts in accumulation phase:
American Century VP -
American Century VP Income & Growth:
Tax and non-tax qualified ............ 0.95% 6,596,364 14.675064 96,802,064 (4)%
1.00% 3,780,309 14.655425 55,402,035 (4)%
1.05% 600,668 14.635768 8,791,237 (4)%
1.10% 350,108 14.008835 4,904,605 (4)%
1.15% 65,541 13.996468 917,343 (4)%
1.20% 1,484,116 13.893573 20,619,674 (4)%
1.25% 215,390 13.880721 2,989,768 (4)%
1.30% 454,321 13.867900 6,300,478 (4)%
1.35% 120,879 13.947089 1,685,910 (4)%
1.40% 394,553 13.934762 5,498,002 (4)%
1.45% 272,761 13.922425 3,797,495 (4)%
1.50% 64,143 13.910105 892,236 (4)%
1.55% 42,898 13.897791 596,187 (4)%
1.60% 96,615 13.885483 1,341,546 (4)%
1.65% 30,385 13.873179 421,537 (4)%
1.70% 49,400 10.416039 514,552 (4)%
1.75% 6,542 10.409894 68,102 (4)%
1.80% 3,547 10.403744 36,902 (4)%
1.85% 10,047 10.397593 104,465 (4)%
1.90% 9,973 10.391445 103,634 (4)%
1.95% 5,710 10.385307 59,300 (5)%
2.00% 1,477 10.379155 15,330 (5)%
2.05% 1,711 10.373020 17,748 (5)%
2.10% 129 10.366876 1,337 (5)%
2.20% 45 10.354597 466 (5)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
American Century VP -
American Century VP International:
Tax and non-tax qualified ............ 0.95% 7,183,761 18.036961 129,573,217 (6)%
1.00% 3,994,727 18.012811 71,956,262 (6)%
1.05% 675,553 17.988719 12,152,333 (7)%
1.10% 128,595 18.292155 2,352,280 (7)%
1.15% 37,687 18.276025 688,769 (7)%
1.20% 2,745,538 16.511966 45,334,230 (7)%
1.25% 130,549 16.496720 2,153,630 (7)%
1.30% 676,552 16.481481 11,150,579 (7)%
1.35% 85,233 18.211587 1,552,228 (7)%
1.40% 590,149 18.195502 10,738,057 (7)%
1.45% 447,740 18.179411 8,139,649 (7)%
1.50% 120,099 18.163339 2,181,399 (7)%
1.55% 95,202 18.147256 1,727,655 (7)%
1.60% 47,565 18.131202 862,411 (7)%
1.65% 46,805 18.115139 847,879 (7)%
1.70% 16,925 14.271813 241,550 (7)%
1.75% 20 14.263407 285 (7)%
1.80% 980 14.254989 13,970 (7)%
1.85% 8,382 14.246584 119,415 (7)%
1.90% 9,823 14.238163 139,861 (7)%
1.95% 8,435 14.229762 120,028 (7)%
2.00% 1,001 14.221358 14,236 (7)%
2.05% 195 14.212948 2,772 (7)%
2.10% 631 14.204543 8,963 (7)%
2.15% 317 14.196129 4,500 (7)%
2.20% 97 14.187736 1,376 (7)%
2.25% 107 9.668548 1,035 (3)%(a)
</TABLE>
(Continued)
31
<PAGE> 32
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
American Century VP -
American Century VP Value:
Tax and non-tax qualified ........... 0.95% 2,318,838 10.030752 23,259,689 (4)%
1.00% 1,063,575 10.017295 10,654,145 (4)%
1.05% 238,635 10.003871 2,387,274 (5)%
1.10% 24,632 10.560340 260,122 (5)%
1.15% 7,316 10.551013 77,191 (5)%
1.20% 654,991 10.748058 7,039,881 (5)%
1.25% 52,947 10.738118 568,551 (5)%
1.30% 135,918 10.728175 1,458,152 (5)%
1.35% 26,311 10.513759 276,628 (5)%
1.40% 124,149 10.504469 1,304,119 (5)%
1.45% 113,819 10.495171 1,194,550 (5)%
1.50% 31,292 10.485863 328,124 (5)%
1.55% 14,542 10.476568 152,350 (5)%
1.60% 4,757 10.467277 49,793 (5)%
1.65% 17,380 10.457992 181,760 (5)%
1.70% 1,370 8.357417 11,450 (5)%
1.75% 1,349 8.352478 11,267 (5)%
1.80% 3,927 8.347549 32,781 (5)%
1.85% 2,858 8.342610 23,843 (5)%
1.90% 684 8.337672 5,703 (5)%
1.95% 8,156 8.332737 67,962 (5)%
2.00% 82 8.327803 683 (5)%
2.10% 166 8.317937 1,381 (5)%
2.20% 131 8.308073 1,088 (5)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
The Dreyfus Socially Responsible
Growth Fund, Inc.
Tax and non-tax qualified ........... 0.95% 6,854,953 17.141110 117,501,503 2%
1.00% 4,331,067 17.118159 74,139,894 2%
1.05% 734,048 17.095219 12,548,711 2%
1.10% 787,303 16.774648 13,206,731 2%
1.15% 126,526 16.759854 2,120,557 2%
1.20% 1,181,531 16.715192 19,749,518 2%
1.25% 95,348 16.699753 1,592,288 2%
1.30% 299,570 16.684319 4,998,121 2%
1.35% 55,639 16.700748 929,213 2%
1.40% 562,219 16.685986 9,381,178 2%
1.45% 418,635 16.67122 96,979,160 2%
1.50% 98,005 16.656484 1,632,419 2%
1.55% 78,868 16.641743 1,312,501 2%
1.60% 94,938 16.626996 1,578,534 2%
1.65% 40,731 16.612261 676,634 2%
1.70% 16,240 12.067453 195,975 2%
1.75% 28,871 12.060328 348,194 2%
1.80% 15,675 12.053229 188,934 2%
1.85% 12,674 12.046114 152,672 2%
1.90% 1,735 12.038985 20,888 2%
1.95% 7,520 12.031872 90,480 2%
2.00% 1,363 12.024755 16,390 2%
2.05% 2,517 12.017642 30,248 1%
2.10% 1,015 12.010527 12,191 1%
2.15% 2,009 12.003435 24,115 1%
2.20% 718 11.996298 8,613 1%
2.40% 5 10.266925 51 3%(a)
2.45% 96 10.264610 985 3%(a)
</TABLE>
32
<PAGE> 33
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
Dreyfus Stock Index Fund:
Tax and non-tax qualified ........... 0.95% 34,815,081 15.531941 540,745,784 (1)%
1.00% 21,848,839 15.511142 338,900,444 (1)%
1.05% 3,775,760 15.490351 58,487,848 (1)%
1.10% 1,398,080 14.704296 20,557,782 (1)%
1.15% 399,823 14.691331 5,873,932 (1)%
1.20% 7,406,886 14.567717 107,901,419 (1)%
1.25% 596,044 14.554264 8,674,982 (1)%
1.30% 2,174,319 14.540808 31,616,355 (1)%
1.35% 466,164 14.639507 6,824,411 (1)%
1.40% 2,103,611 14.626548 30,768,567 (1)%
1.45% 1,425,490 14.613625 20,831,576 (1)%
1.50% 404,434 14.600688 5,905,015 (1)%
1.55% 234,163 14.587766 3,415,915 (1)%
1.60% 168,276 14.574831 2,452,594 (1)%
1.65% 122,479 14.561910 1,783,528 (1)%
1.70% 157,261 10.643740 1,673,845 (1)%
1.75% 18,397 10.637461 195,697 (1)%
1.80% 8,091 10.631172 86,017 (1)%
1.85% 39,428 10.624897 418,918 (1)%
1.90% 16,330 10.618620 173,402 (1)%
1.95% 25,644 10.612340 272,143 (2)%
2.00% 12,728 10.606066 134,994 (2)%
2.05% 7,281 10.599803 77,177 (2)%
2.10% 4,407 10.593511 46,686 (2)%
2.15% 2,169 10.587233 22,964 (2)%
2.20% 918 10.580969 9,713 (2)%
2.30% 225 10.031651 2,257 0%(a)
2.40% 11 10.027138 110 0%(a)
2.45% 96 10.024880 962 0%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Dreyfus VIF - Appreciation Portfolio:
Tax and non-tax qualified ........... 0.95% 5,432,529 14.931266 81,114,536 2%
1.00% 3,250,427 14.911276 48,468,014 2%
1.05% 820,396 14.891320 12,216,779 2%
1.10% 259,064 13.961548 3,616,934 2%
1.15% 79,917 13.949249 1,114,782 2%
1.20% 1,122,817 13.735235 15,422,155 2%
1.25% 93,441 13.722534 1,282,247 2%
1.30% 269,643 13.709840 3,696,762 2%
1.35% 23,873 13.900039 331,836 2%
1.40% 159,350 13.887734 2,213,010 2%
1.45% 100,690 13.875467 1,397,121 2%
1.50% 57,488 13.863177 796,966 2%
1.55% 13,970 13.850897 193,497 2%
1.60% 10,133 13.838626 140,227 2%
1.65% 9,643 13.826358 133,328 2%
1.70% 5,244 10.379444 54,430 2%
1.75% 2,835 10.373318 29,408 2%
1.80% 1,688 10.367196 17,500 2%
1.85% 769 10.361083 7,968 2%
1.90% 309 10.354955 3,200 2%
1.95% 3,884 10.348834 40,195 2%
2.00% 3,890 10.342710 40,233 2%
2.05% 238 10.336596 2,460 2%
2.10% 1,808 10.330463 18,677 2%
2.15% 1,026 10.324345 10,593 2%
2.20% 128 10.318233 1,321 2%
2.30% 113 10.205136 1,153 2%
2.40% 6 10.200544 61 2%
</TABLE>
(Continued)
33
<PAGE> 34
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
Dreyfus IP - European Equity Portfolio:
Tax and non-tax qualified ........... 0.95% 345,393 13.152504 4,542,783 2%
1.00% 176,033 13.147490 2,314,392 2%
1.05% 31,672 13.142458 416,248 2%
1.10% 4,414 13.137438 57,989 2%
1.15% 3,457 13.132407 45,399 2%
1.20% 190,307 13.127373 2,498,231 2%
1.25% 5,488 13.122344 72,015 2%
1.30% 28,895 13.117325 379,025 2%
1.35% 6,264 13.112282 82,135 2%
1.40% 61,714 13.107255 808,901 2%
1.45% 89,150 13.102226 1,168,063 2%
1.50% 8,770 13.097196 114,862 2%
1.55% 11,086 13.092158 145,140 2%
1.60% 2,769 13.087133 36,238 2%
1.65% 6,669 13.082094 87,244 2%
1.70% 149 13.077062 1,948 2%
1.75% 22 13.072023 288 2%
1.85% 444 13.061956 5,800 2%
1.95% 416 13.051879 5,430 1%
2.00% 145 13.046835 1,892 1%
2.05% 308 13.041793 4,017 1%
2.10% 539 13.036765 7,027 1%
2.20% 36 13.026674 469 1%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Federated Insurance Series -
Federated Quality Bond Fund II:
Tax and non-tax qualified ........... 0.95% 843,345 10.066286 8,489,352 3%
1.00% 509,861 10.060386 5,129,398 3%
1.05% 110,933 10.054482 1,115,374 3%
1.10% 26,169 10.048593 262,962 3%
1.15% 16,696 10.042708 167,673 3%
1.20% 442,951 10.036801 4,445,811 3%
1.25% 31,238 10.030909 313,346 2%
1.30% 190,647 10.025019 1,911,240 2%
1.35% 20,509 10.019125 205,482 2%
1.40% 251,040 10.013235 2,513,723 2%
1.45% 105,670 10.007342 1,057,476 2%
1.50% 24,540 10.001455 245,436 2%
1.55% 38,806 9.995550 387,887 2%
1.60% 8,723 9.989662 87,140 2%
1.65% 7,509 9.983769 74,968 2%
1.70% 2,266 9.977881 22,610 2%
1.75% 757 9.971987 7,549 2%
1.80% 91 9.966120 907 2%
1.85% 4,718 9.960216 46,992 2%
1.90% 192 9.954341 1,911 2%
2.00% 1,193 9.942557 11,861 2%
2.10% 901 9.930790 8,948 2%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Fidelity VIP - Equity-Income Portfolio -
Service Class:
Tax and non-tax qualified ........... 0.95% 14,971,730 11.634095 174,182,529 (3)%
1.00% 10,403,653 11.618514 120,874,988 (3)%
1.05% 2,373,725 11.602925 27,542,153 (3)%
1.10% 319,613 12.001699 3,835,899 (3)%
1.15% 71,919 11.991098 862,388 (3)%
1.20% 2,554,372 12.024781 30,715,764 (3)%
1.25% 263,901 12.013674 3,170,421 (3)%
1.30% 415,841 12.002556 4,991,155 (3)%
1.35% 119,941 11.948786 1,433,149 (3)%
</TABLE>
34
<PAGE> 35
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.40% 1,037,469 11.938205 12,385,518 (3)%
1.45% 688,761 11.927634 8,215,289 (3)%
1.50% 115,546 11.917083 1,376,971 (3)%
1.55% 79,918 11.906523 951,546 (4)%
1.60% 76,437 11.895957 909,291 (4)%
1.65% 41,318 11.885405 491,081 (4)%
1.70% 12,626 8.976128 113,333 (4)%
1.75% 1,206 8.970821 10,819 (4)%
1.80% 7,821 8.965532 70,119 (4)%
1.85% 21,491 8.960228 192,564 (4)%
1.90% 264 8.954927 2,364 (4)%
1.95% 6,367 8.949622 56,982 (4)%
2.00% 1,482 8.944332 13,256 (4)%
2.10% 492 8.933744 4,395 (4)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Fidelity VIP - Growth Portfolio -
Service Class:
Tax and non-tax qualified ........... 0.95% 20,079,635 19.690864 395,385,362 5%
1.00% 13,530,933 19.664527 266,079,397 5%
1.05% 2,068,587 19.638188 40,623,300 5%
1.10% 882,163 18.321839 16,162,848 4%
1.15% 248,591 18.305696 4,550,631 4%
1.20% 6,008,333 18.436678 110,773,701 4%
1.25% 437,828 18.419647 8,064,637 4%
1.30% 1,734,317 18.402620 31,915,977 4%
1.35% 203,565 18.241115 3,713,253 4%
1.40% 2,739,306 18.224999 49,923,849 4%
1.45% 1,907,749 18.208897 34,738,005 4%
1.50% 363,278 18.192771 6,609,033 4%
1.55% 271,507 18.176677 4,935,095 4%
1.60% 164,803 18.160573 2,992,917 4%
1.65% 198,513 18.144484 3,601,916 4%
1.70% 178,399 12.836343 2,289,991 4%
1.75% 45,279 12.828774 580,874 4%
1.80% 19,126 12.821201 245,218 4%
1.85% 25,225 12.813623 323,224 4%
1.90% 25,515 12.806067 326,747 4%
1.95% 15,284 12.798487 195,612 4%
2.00% 12,301 12.790923 157,341 4%
2.05% 3,611 12.783358 46,161 4%
2.10% 6,052 12.775787 77,319 4%
2.15% 3,717 12.768212 47,459 4%
2.20% 594 12.760655 7,580 4%
2.25% 291 10.233632 2,978 2%(a)
2.30% 944 10.231331 9,658 2%(a)
2.40% 10 10.226726 102 2%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Fidelity VIP - High Income Portfolio -
Service Class:
Tax and non-tax qualified ........... 0.95% 9,465,811 9.708063 91,894,690 (5)%
1.00% 5,298,589 9.695058 51,370,128 (5)%
1.05% 1,684,072 9.682061 16,305,288 (5)%
1.10% 178,635 10.639764 1,900,634 (5)%
1.15% 34,624 10.630356 368,065 (6)%
1.20% 1,965,484 10.475901 20,590,216 (6)%
1.25% 122,224 10.466201 1,279,221 (6)%
1.30% 466,472 10.456508 4,877,668 (6)%
1.35% 88,282 10.592827 935,156 (6)%
1.40% 534,017 10.583472 5,651,754 (6)%
1.45% 254,942 10.574097 2,695,781 (6)%
1.50% 140,226 10.564732 1,481,450 (6)%
1.55% 60,883 10.555361 642,642 (6)%
1.60% 21,676 10.546007 228,595 (6)%
</TABLE>
(Continued)
35
<PAGE> 36
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.65% 16,596 10.536650 174,866 (6)%
1.70% 4,696 9.115642 42,807 (6)%
1.75% 985 9.110257 8,974 (6)%
1.80% 683 9.104880 6,219 (6)%
1.85% 7,778 9.099506 70,776 (6)%
1.90% 165 9.094113 1,501 (6)%
1.95% 2,238 9.088735 20,341 (6)%
2.00% 104 9.083360 945 (6)%
2.10% 336 9.072606 3,048 (6)%
2.20% 209 9.061841 1,894 (6)%
Fidelity VIP - Overseas Portfolio -
Service Class:
Tax and non-tax qualified ........... 0.95% 3,936,333 14.733763 57,996,998 (5)%
1.00% 1,800,542 14.714037 26,493,242 (6)%
1.05% 421,868 14.694328 6,199,067 (6)%
1.10% 64,877 16.216571 1,052,082 (6)%
1.15% 13,167 16.202269 213,335 (6)%
1.20% 1,859,733 15.008954 27,912,647 (6)%
1.25% 83,483 14.995073 1,251,834 (6)%
1.30% 252,090 14.981228 3,776,618 (6)%
1.35% 50,997 16.145127 823,353 (6)%
1.40% 239,340 16.130856 3,860,759 (6)%
1.45% 122,469 16.116591 1,973,783 (6)%
1.50% 29,765 16.102338 479,286 (6)%
1.55% 32,815 16.088076 527,930 (6)%
1.60% 34,376 16.073838 552,554 (6)%
1.65% 16,668 16.059577 267,681 (6)%
1.70% 4,178 12.295266 51,370 (6)%
1.75% 2,324 12.288006 28,557 (6)%
1.85% 2,200 12.273508 27,002 (6)%
1.90% 834 12.266255 10,230 (6)%
1.95% 5,229 12.259002 64,102 (6)%
2.00% 159 12.251762 1,948 (6)%
2.10% 103 12.237269 1,260 (6)%
2.25% 189 9.839698 1,860 (2)%(a)
Fidelity VIP-II - Contrafund Portfolio -
Service Class:
Tax and non-tax qualified ........... 0.95% 16,160,160 15.467983 249,965,080 (2)%
1.00% 9,602,110 15.447298 148,326,655 (2)%
1.05% 1,501,945 15.426596 23,169,899 (2)%
1.10% 602,853 15.414646 9,292,766 (2)%
1.15% 123,746 15.401044 1,905,818 (2)%
1.20% 3,891,156 15.157224 58,979,123 (2)%
1.25% 256,468 15.143211 3,883,749 (2)%
1.30% 884,369 15.129214 13,379,808 (2)%
1.35% 173,607 15.346715 2,664,297 (2)%
1.40% 1,126,616 15.333148 17,274,570 (2)%
1.45% 819,181 15.319578 12,549,507 (2)%
1.50% 297,085 15.306022 4,547,190 (2)%
1.55% 144,003 15.292464 2,202,161 (2)%
1.60% 68,205 15.278907 1,042,098 (2)%
1.65% 76,008 15.265373 1,160,290 (2)%
1.70% 25,164 11.031058 277,586 (2)%
1.75% 36,164 11.024547 398,692 (2)%
1.80% 19,010 11.018047 209,453 (2)%
1.85% 26,389 11.011537 290,583 (2)%
1.90% 12,173 11.005029 133,964 (2)%
1.95% 25,144 10.998517 276,547 (2)%
</TABLE>
36
<PAGE> 37
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
2.00% 5,585 10.992014 61,390 (2)%
2.05% 3,336 10.985494 36,648 (2)%
2.10% 3,621 10.978990 39,755 (2)%
2.15% 685 10.972480 7,516 (2)%
2.20% 723 10.965984 7,928 (2)%
2.25% 192 9.759488 1,874 (2)%
2.45% 74 9.750698 722 (2)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Fidelity VIP-III - Growth Opportunities
Portfolio - Service Class:
Tax and non-tax qualified ........... 0.95% 7,308,469 12.685454 92,711,247 (4)%
1.00% 5,001,428 12.668443 63,360,306 (4)%
1.05% 867,496 12.651471 10,975,100 (4)%
1.10% 113,047 12.146838 1,373,164 (4)%
1.15% 27,736 12.136108 336,607 (4)%
1.20% 1,243,071 12.238990 15,213,934 (4)%
1.25% 102,345 12.227683 1,251,442 (4)%
1.30% 330,791 12.216375 4,041,067 (4)%
1.35% 54,123 12.093266 654,524 (4)%
1.40% 263,233 12.082564 3,180,530 (4)%
1.45% 183,931 12.071857 2,220,389 (4)%
1.50% 52,075 12.061175 628,086 (4)%
1.55% 56,785 12.050493 684,287 (4)%
1.60% 23,787 12.039796 286,391 (4)%
1.65% 13,848 12.029129 166,579 (4)%
1.70% 7,495 9.423798 70,631 (5)%
1.75% 6,022 9.418227 56,717 (5)%
1.80% 3,715 9.412670 34,968 (5)%
1.85% 6,356 9.407105 59,792 (5)%
1.90% 6,939 9.401542 65,237 (5)%
1.95% 4,114 9.395986 38,655 (5)%
2.00% 4,015 9.390419 37,703 (5)%
2.05% 182 9.384855 1,708 (5)%
2.10% 793 9.379289 7,438 (5)%
2.15% 776 9.373735 7,274 (5)%
2.20% 50 9.368170 468 (5)%
2.30% 116 9.860228 1,144 (1)%(a)
2.40% 5 9.855791 49 (1)%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Janus Aspen Series - Capital Appreciation
Portfolio - Service Shares:
Tax and non-tax qualified ........... 0.95% 6,390,761 9.638584 61,597,887 (4)%
1.00% 4,763,964 9.636518 45,908,025 (4)%
1.05% 480,743 9.634460 4,631,699 (4)%
1.10% 349,459 9.632394 3,366,127 (4)%
1.15% 137,661 9.630336 1,325,722 (4)%
1.20% 3,729,940 9.628268 35,912,862 (4)%
1.25% 193,690 9.626199 1,864,498 (4)%
1.30% 1,556,772 9.624139 14,982,590 (4)%
1.35% 142,180 9.622072 1,368,066 (4)%
1.40% 4,383,580 9.620003 42,170,053 (4)%
1.45% 2,695,872 9.617941 25,928,738 (4)%
1.50% 482,829 9.615871 4,642,821 (4)%
1.55% 567,775 9.613803 5,458,477 (4)%
1.60% 349,756 9.611730 3,361,760 (4)%
1.65% 226,995 9.609658 2,181,344 (4)%
1.70% 77,183 9.607593 741,543 (4)%
1.75% 39,496 9.605520 379,380 (4)%
1.80% 29,655 9.603450 284,790 (4)%
1.85% 75,003 9.601374 720,132 (4)%
1.90% 40,333 9.599304 387,169 (4)%
1.95% 47,704 9.597231 457,826 (4)%
2.00% 23,683 9.595156 227,242 (4)%
2.05% 27,365 9.593081 262,515 (4)%
</TABLE>
(Continued)
37
<PAGE> 38
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
2.10% 9,981 9.591008 95,728 (4)%
2.15% 7,039 9.588927 67,496 (4)%
2.20% 683 9.586853 6,548 (4)%
2.25% 193 9.584773 1,850 (4)%
2.30% 225 9.582699 2,156 (4)%
2.40% 9 9.578540 86 (4)%
2.45% 25 9.576461 239 (4)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Janus Aspen Series - Global Technology
Portfolio - Service Shares:
Tax and non-tax qualified ........... 0.95% 6,290,797 9.770546 61,464,521 (2)%
1.00% 3,789,408 9.768452 37,016,650 (2)%
1.05% 446,847 9.766358 4,364,068 (2)%
1.10% 328,770 9.764265 3,210,197 (2)%
1.15% 102,048 9.762168 996,210 (2)%
1.20% 3,377,879 9.760077 32,968,359 (2)%
1.25% 230,037 9.757980 2,244,696 (2)%
1.30% 984,850 9.755879 9,608,077 (2)%
1.35% 128,993 9.753788 1,258,170 (2)%
1.40% 3,887,019 9.751689 37,905,000 (2)%
1.45% 2,087,636 9.749592 20,353,599 (3)%
1.50% 513,204 9.747489 5,002,450 (3)%
1.55% 414,964 9.745391 4,043,986 (3)%
1.60% 350,412 9.743293 3,414,167 (3)%
1.65% 232,748 9.741194 2,267,243 (3)%
1.70% 62,526 9.739090 608,946 (3)%
1.75% 9,003 9.736994 87,662 (3)%
1.80% 9,055 9.734888 88,149 (3)%
1.85% 51,396 9.732787 500,226 (3)%
1.90% 32,521 9.730677 316,451 (3)%
1.95% 38,551 9.728575 375,046 (3)%
2.00% 26,133 9.726471 254,182 (3)%
2.05% 7,447 9.724361 72,417 (3)%
2.10% 4,355 9.722258 42,340 (3)%
2.15% 6,801 9.720151 66,107 (3)%
2.20% 378 9.718050 3,673 (3)%
2.30% 970 9.713828 9,422 (3)%
2.40% 9 9.709605 87 (3)%
2.45% 26 9.707500 252 (3)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Janus Aspen Series - International Growth
Portfolio - Service Shares:
Tax and non-tax qualified ........... 0.95% 4,682,859 10.098169 47,288,302 1%
1.00% 2,808,986 10.096010 28,359,551 1%
1.05% 297,175 10.093848 2,999,639 1%
1.10% 271,292 10.091683 2,737,793 1%
1.15% 106,135 10.089521 1,070,851 1%
1.20% 3,477,448 10.087351 35,078,239 1%
1.25% 127,187 10.085186 1,282,705 1%
1.30% 1,493,594 10.083019 15,059,937 1%
1.35% 93,113 10.080851 938,658 1%
1.40% 3,293,771 10.078684 33,196,877 1%
1.45% 1,939,778 10.076518 19,546,208 1%
1.50% 456,780 10.074346 4,601,760 1%
1.55% 318,692 10.072180 3,209,923 1%
1.60% 255,106 10.070004 2,568,918 1%
1.65% 173,831 10.067838 1,750,102 1%
1.70% 49,673 10.065668 499,992 1%
1.75% 38,724 10.063501 389,699 1%
1.80% 34,147 10.061326 343,564 1%
1.85% 52,150 10.059153 524,585 1%
</TABLE>
38
<PAGE> 39
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.90% 28,784 10.056976 289,480 1%
1.95% 38,799 10.054796 390,116 1%
2.00% 15,419 10.052625 155,001 1%
2.05% 24,498 10.050443 246,216 1%
2.10% 8,475 10.048271 85,159 0%
2.15% 6,905 10.046095 69,368 0%
2.20% 282 10.043917 2,832 0%
2.25% 183 10.041737 1,838 0%
2.30% 221 10.039562 2,219 0%
2.40% 8 10.035202 80 0%
2.45% 24 10.033018 241 0%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Balanced Fund:
Tax and non-tax qualified ........... 0.95% 3,838,999 11.072458 42,507,155 2%
1.00% 2,337,705 11.057622 25,849,458 2%
1.05% 485,096 11.042808 5,356,822 2%
1.10% 105,305 10.877681 1,145,474 2%
1.15% 17,755 10.868075 192,963 2%
1.20% 533,365 10.957939 5,844,581 2%
1.25% 42,714 10.947801 467,624 2%
1.30% 133,530 10.937666 1,460,507 2%
1.35% 51,048 10.829710 552,835 2%
1.40% 145,550 10.820143 1,574,872 2%
1.45% 109,086 10.810562 1,179,281 2%
1.50% 37,262 10.800995 402,467 2%
1.55% 33,867 10.791412 365,473 2%
1.60% 12,450 10.781848 134,234 2%
1.65% 4,022 10.772287 43,326 2%
1.70% 1,097 9.653315 10,590 2%
1.75% 137 9.647607 1,322 2%
1.80% 1,364 9.641915 13,152 2%
1.85% 1,865 9.636224 17,972 2%
1.90% 3,013 9.630524 29,017 2%
1.95% 2,611 9.624835 25,130 2%
2.00% 2,037 9.619139 19,594 2%
2.10% 1,591 9.607753 15,286 2%
2.20% 48 9.596370 461 2%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Capital Appreciation Fund:
Tax and non-tax qualified ........... 0.95% 12,171,457 13.847334 168,542,230 0%
1.00% 7,074,401 13.828789 97,830,399 0%
1.05% 1,159,994 13.810256 16,019,814 0%
1.10% 423,235 12.855041 5,440,703 0%
1.15% 174,621 12.843693 2,242,779 0%
1.20% 1,263,094 12.787445 16,151,745 0%
1.25% 162,900 12.775624 2,081,149 0%
1.30% 516,156 12.763805 6,588,115 0%
1.35% 60,842 12.798355 778,678 0%
1.40% 256,422 12.787025 3,278,875 0%
1.45% 185,985 12.775714 2,376,091 0%
1.50% 58,497 12.764411 746,680 0%
1.55% 35,924 12.753098 458,142 0%
1.60% 2,935 12.741798 37,397 0%
1.65% 29,174 12.730493 371,399 0%
1.70% 11,999 9.697919 116,365 0%
1.75% 357 9.692199 3,460 0%
1.80% 3,788 9.686477 36,692 0%
1.85% 1,434 9.680750 13,882 0%
1.90% 220 9.675026 2,129 0%
1.95% 55 9.669301 532 0%
2.00% 559 9.663581 5,402 0%
2.10% 1,967 9.652141 18,986 0%
2.15% 202 9.646423 1,949 0%
</TABLE>
(Continued)
39
<PAGE> 40
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Equity Income Fund:
Tax and non-tax qualified ........... 0.95% 1,145,176 13.773249 15,772,794 1%
1.00% 883,744 13.754834 12,155,752 1%
1.05% 184,234 13.736390 2,530,710 1%
1.10% 12,015 14.047802 168,784 1%
1.15% 13,518 14.035394 189,730 1%
1.20% 278,292 14.123115 3,930,350 1%
1.25% 15,315 14.110060 216,096 1%
1.30% 84,183 14.097008 1,186,728 1%
1.35% 14,785 13.985873 206,781 1%
1.40% 114,671 13.973506 1,602,356 1%
1.45% 83,056 13.961138 1,159,556 1%
1.50% 33,858 13.948789 472,278 1%
1.55% 32,333 13.936426 450,606 1%
1.60% 13,973 13.924084 194,561 1%
1.65% 13,840 13.911735 192,538 1%
1.70% 4,884 10.874456 53,111 1%
1.75% 191 10.868034 2,076 1%
1.80% 222 10.861611 2,411 1%
1.85% 3,056 10.855208 33,174 1%
1.90% 131 10.848791 1,421 1%
1.95% 1,866 10.842376 20,232 1%
2.00% 1,060 10.835961 11,486 1%
2.20% 93 10.810308 1,005 1%
2.25% 104 9.805462 1,020 (2)%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Global 50 Fund:
Tax and non-tax qualified ........... 0.95% 1,477,400 14.354757 21,207,718 (1)%
1.00% 797,990 14.335539 11,439,617 (1)%
1.05% 179,542 14.316340 2,570,384 (1)%
1.10% 34,135 14.671606 500,815 (1)%
1.15% 11,363 14.658666 166,566 (1)%
1.20% 406,012 14.091756 5,721,422 (1)%
1.25% 33,901 14.078747 477,284 (1)%
1.30% 200,023 14.065703 2,813,464 (1)%
1.35% 18,114 14.606953 264,590 (1)%
1.40% 57,265 14.594029 835,727 (1)%
1.45% 25,209 14.581120 367,575 (1)%
1.50% 10,344 14.568213 150,694 (1)%
1.55% 14,735 14.555319 214,473 (1)%
1.60% 1,162 14.542428 16,898 (1)%
1.65% 9,699 14.529513 140,922 (1)%
1.70% 271 11.016889 2,986 (1)%
1.80% 11,435 11.003887 125,829 (2)%
1.85% 4,243 10.997382 46,662 (2)%
1.90% 559 10.990876 6,144 (2)%
1.95% 27 10.984383 297 (2)%
2.10% 84 10.964882 921 (1)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Government Bond Fund:
Tax and non-tax qualified ........... 0.95% 11,062,564 10.957998 121,223,554 4%
1.00% 7,261,742 10.943317 79,467,545 4%
1.05% 1,625,064 10.928636 17,759,733 3%
1.10% 248,968 9.845251 2,451,152 3%
1.15% 110,466 9.836564 1,086,606 3%
1.20% 2,009,297 10.150606 20,395,582 3%
1.25% 133,991 10.141213 1,358,831 3%
1.30% 704,445 10.131828 7,137,316 3%
1.35% 99,106 9.801843 971,421 3%
1.40% 408,202 9.793153 3,997,585 3%
1.45% 220,877 9.784466 2,161,163 3%
</TABLE>
40
<PAGE> 41
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.50% 72,186 9.775800 705,676 3%
1.55% 47,412 9.767147 463,080 3%
1.60% 6,890 9.758493 67,236 3%
1.65% 24,241 9.749829 236,346 3%
1.70% 1,569 10.041614 15,755 3%
1.75% 703 10.035681 7,055 3%
1.80% 131 10.029762 1,314 3%
1.85% 2,814 10.023840 28,207 3%
1.90% 144 10.017909 1,443 3%
1.95% 19 10.011979 190 3%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - High Income Bond Fund:
Tax and non-tax qualified ........... 0.95% 2,261,464 10.723443 24,250,680 (2)%
1.00% 1,445,887 10.709076 15,484,114 (2)%
1.05% 454,084 10.694716 4,856,299 (2)%
1.10% 22,836 10.337131 236,059 (2)%
1.15% 5,285 10.328000 54,583 (2)%
1.20% 390,651 10.539859 4,117,406 (2)%
1.25% 20,082 10.530092 211,465 (2)%
1.30% 101,962 10.520341 1,072,675 (2)%
1.35% 34,042 10.291541 350,345 (2)%
1.40% 86,149 10.282417 885,820 (2)%
1.45% 33,094 10.273325 339,985 (2)%
1.50% 22,838 10.264221 234,414 (2)%
1.55% 7,429 10.255119 76,185 (2)%
1.60% 13,554 10.246031 138,875 (2)%
1.65% 12,378 10.236942 126,713 (2)%
1.70% 795 9.450664 7,513 (2)%
1.75% 35 9.445083 331 (2)%
1.80% 94 9.439519 887 (2)%
1.85% 1,909 9.433927 18,009 (2)%
1.90% 2,699 9.428349 25,447 (2)%
1.95% 384 9.422777 3,618 (2)%
2.00% 597 9.417211 5,622 (2)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Money Market Fund:
Tax and non-tax qualified ........... 0.95% 14,071,446 11.163491 157,086,461 2%
1.00% 7,773,940 11.148491 86,667,700 2%
1.05% 1,764,602 11.133493 19,646,184 2%
1.10% 206,507 10.704804 2,210,617 2%
1.15% 57,197 10.695345 611,742 2%
1.20% 9,855,711 10.720702 105,660,141 2%
1.25% 214,417 10.710766 2,296,570 2%
1.30% 3,510,727 10.700833 37,567,703 2%
1.35% 472,814 10.657512 5,039,021 2%
1.40% 3,288,036 10.648067 35,011,228 2%
1.45% 2,724,138 10.638623 28,981,077 2%
1.50% 379,976 10.629184 4,038,835 2%
1.55% 144,198 10.619747 1,531,346 2%
1.60% 25,033 10.610313 265,608 2%
1.65% 204,471 10.600883 2,167,573 2%
1.70% 39,571 10.408055 411,857 2%
1.75% 7,531 10.401865 78,336 2%
1.80% 8,716 10.395681 90,609 2%
1.85% 48,023 10.389496 498,935 2%
1.90% 20,917 10.383312 217,188 2%
1.95% 89,741 10.377130 931,254 2%
2.00% 3,799 10.370943 39,399 2%
2.05% 21,836 10.364765 226,325 2%
2.10% 15,236 10.358583 157,823 2%
2.20% 11,685 10.346218 120,896 2%
</TABLE>
(Continued)
41
<PAGE> 42
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Multi Sector Bond Fund:
Tax and non-tax qualified ........... 0.95% 3,197,771 10.519867 33,640,126 2%
1.00% 1,840,085 10.505777 19,331,523 2%
1.05% 519,674 10.491694 5,452,261 2%
1.10% 17,197 10.488813 180,376 2%
1.15% 15,579 10.479557 163,261 2%
1.20% 674,104 10.707445 7,217,932 2%
1.25% 23,859 10.697540 255,233 2%
1.30% 224,400 10.687629 2,398,304 2%
1.35% 50,485 10.442560 527,193 2%
1.40% 167,763 10.433307 1,750,323 2%
1.45% 83,653 10.424082 872,006 2%
1.50% 19,243 10.414838 200,413 2%
1.55% 10,734 10.405608 111,694 2%
1.60% 25,446 10.396379 264,546 2%
1.65% 22,982 10.387152 238,718 2%
1.70% 576 10.057620 5,793 2%
1.75% 254 10.051676 2,553 2%
1.80% 3,784 10.045744 38,013 2%
1.85% 5,152 10.039808 51,725 2%
1.95% 2,032 10.027944 20,377 1%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Mid Cap Index Fund:
Tax and non-tax qualified ........... 0.95% 995,398 14.086582 14,021,756 8%
1.00% 534,058 14.067708 7,512,972 8%
1.05% 118,296 14.048839 1,661,921 8%
1.10% 27,001 15.771821 425,855 8%
1.15% 5,228 15.757905 82,382 8%
1.20% 317,220 15.753019 4,997,173 8%
1.25% 19,241 15.738466 302,824 8%
1.30% 54,402 15.723900 855,412 8%
1.35% 22,535 15.702300 353,851 7%
1.40% 160,639 15.688410 2,520,170 7%
1.45% 121,787 15.674510 1,908,952 7%
1.50% 10,997 15.660640 172,220 7%
1.55% 20,976 15.646779 328,207 7%
1.60% 11,658 15.632908 182,248 7%
1.65% 7,286 15.619051 113,800 7%
1.70% 7,513 12.283251 92,284 7%
1.75% 1,327 12.275991 16,290 7%
1.80% 346 12.268749 4,245 7%
1.85% 1,083 12.261502 13,279 7%
1.90% 968 12.254254 11,862 7%
1.95% 350 12.246994 4,286 7%
2.00% 473 12.239749 5,789 7%
2.10% 100 12.225258 1,223 7%
2.25% 97 10.517478 1,020 5%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Small Cap Growth Fund:
Tax and non-tax qualified ........... 0.95% 669,957 21.326255 14,287,674 5%
1.00% 442,053 21.313785 9,421,823 5%
1.05% 69,577 21.301328 1,482,082 5%
1.10% 18,725 21.288863 398,634 5%
1.15% 8,750 21.276409 186,169 5%
1.20% 260,129 21.263937 5,531,367 5%
1.25% 21,269 21.251476 451,998 5%
1.30% 93,766 21.239024 1,991,498 4%
1.35% 9,767 21.226562 207,320 4%
1.40% 309,888 21.214111 6,573,998 4%
1.45% 157,293 21.201645 3,334,870 4%
1.50% 37,044 21.189191 784,932 4%
</TABLE>
42
<PAGE> 43
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.55% 33,163 21.176736 702,284 4%
1.60% 20,316 21.164294 429,974 4%
1.65% 6,566 21.151838 138,883 4%
1.70% 3,343 21.139379 70,669 4%
1.75% 14,293 21.126928 301,967 4%
1.80% 736 21.114479 15,540 4%
1.85% 2,938 21.102021 61,998 4%
1.90% 474 21.089585 9,996 4%
1.95% 1,473 21.077141 31,047 4%
2.00% 1,435 21.064691 30,228 4%
2.05% 86 21.052246 1,810 4%
2.10% 438 21.039814 9,215 4%
2.15% 1,168 21.027369 24,560 4%
2.30% 121 9.812662 1,187 4%
Initial funding by depositor .......... 0.95% 100,000 21.563283 2,156,328 5%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Small Cap Value Fund:
Tax and non-tax qualified ........... 0.95% 4,212,785 13.195545 55,589,994 10%
1.00% 1,884,622 13.177877 24,835,317 10%
1.05% 441,533 13.160200 5,810,663 10%
1.10% 75,089 18.095622 1,358,782 10%
1.15% 15,337 18.079648 277,288 10%
1.20% 617,228 17.541231 10,826,939 10%
1.25% 25,403 17.525024 445,188 10%
1.30% 106,367 17.508816 1,862,360 10%
1.35% 22,502 18.015888 405,394 10%
1.40% 150,723 17.999963 2,713,008 10%
1.45% 78,854 17.984032 1,418,113 10%
1.50% 25,452 17.968116 457,324 10%
1.55% 26,470 17.952213 475,195 10%
1.60% 5,234 17.936302 93,879 10%
1.65% 10,515 17.920401 188,433 10%
1.70% 1,300 12.874568 16,737 10%
1.75% 1,264 12.866973 16,264 10%
1.80% 621 12.859374 7,986 10%
1.85% 1,302 12.851781 16,733 10%
1.90% 1,988 12.844195 25,534 10%
1.95% 2,090 12.836600 26,828 10%
2.00% 3,908 12.829010 50,136 10%
2.10% 72 12.813833 923 10%
2.25% 94 11.092994 1,043 11%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Small Company Fund:
Tax and non-tax qualified ........... 0.95% 5,617,800 14.696232 82,560,492 7%
1.00% 3,008,309 14.676541 44,151,570 7%
1.05% 528,083 14.656859 7,740,038 7%
1.10% 75,210 18.482041 1,390,034 7%
1.15% 31,732 18.465741 585,955 7%
1.20% 1,525,600 18.292320 27,906,763 7%
1.25% 53,294 18.275408 973,970 7%
1.30% 216,580 18.258505 3,954,427 7%
1.35% 48,244 18.400608 887,719 7%
1.40% 503,690 18.384344 9,260,010 7%
1.45% 310,110 18.368078 5,696,125 7%
1.50% 78,000 18.351824 1,431,442 7%
1.55% 70,673 18.335565 1,295,829 7%
1.60% 14,068 18.319337 257,716 7%
1.65% 29,676 18.303094 543,163 7%
1.70% 15,693 15.072308 236,530 7%
1.75% 3,826 15.063429 57,633 7%
1.80% 2,297 15.054539 34,580 7%
1.85% 11,659 15.045652 175,417 7%
1.90% 3,352 15.036759 50,403 7%
</TABLE>
(Continued)
43
<PAGE> 44
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.95% 118 15.027883 1,773 7%
2.00% 921 15.019007 13,833 7%
2.10% 1,816 15.001230 27,242 6%
2.20% 167 14.983454 2,502 6%
2.25% 105 10.029202 1,053 0%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Strategic Growth Fund:
Tax and non-tax qualified ........... 0.95% 3,415,554 22.158144 75,682,337 5%
1.00% 2,002,408 22.128467 44,310,219 5%
1.05% 251,331 22.098835 5,554,122 4%
1.10% 139,661 24.181824 3,377,258 4%
1.15% 28,573 24.160493 690,338 4%
1.20% 812,076 23.754270 19,290,273 4%
1.25% 64,986 23.732333 1,542,269 4%
1.30% 268,435 23.710397 6,364,700 4%
1.35% 27,318 24.075308 657,689 4%
1.40% 426,877 24.054040 10,268,116 4%
1.45% 402,258 24.032774 9,667,376 4%
1.50% 81,800 24.011486 1,964,140 4%
1.55% 52,436 23.990251 1,257,953 4%
1.60% 22,878 23.969004 548,363 4%
1.65% 24,151 23.947768 578,363 4%
1.70% 16,093 15.266235 245,680 4%
1.75% 24,168 15.257235 368,737 4%
1.80% 8,220 15.248236 125,340 4%
1.85% 13,611 15.239218 207,421 4%
1.90% 5,608 15.230209 85,411 4%
1.95% 2,165 15.221208 32,954 4%
2.00% 527 15.212219 8,017 4%
2.05% 14,808 15.203202 225,129 4%
2.10% 899 15.194201 13,660 4%
2.15% 1,021 15.185210 15,504 4%
2.20% 23 15.176209 349 4%
2.25% 108 9.613567 1,038 (4)%(a)
2.30% 714 9.611398 6,863 (4)%(a)
2.45% 78 9.604888 749 (4)%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Strategic Value Fund:
Tax and non-tax qualified ........... 0.95% 943,474 9.518085 8,980,066 (2)%
1.00% 592,989 9.505340 5,636,562 (2)%
1.05% 113,678 9.492590 1,079,099 (2)%
1.10% 6,611 12.262038 81,064 (2)%
1.15% 1,818 12.251237 22,273 (2)%
1.20% 155,069 11.725368 1,818,241 (2)%
1.25% 13,438 11.714512 157,420 (2)%
1.30% 32,547 11.703675 380,920 (2)%
1.35% 8,859 12.207964 108,150 (2)%
1.40% 33,697 12.197158 411,008 (2)%
1.45% 46,630 12.186371 568,250 (2)%
1.50% 14,997 12.175562 182,597 (2)%
1.55% 3,065 12.164780 37,285 (2)%
1.60% 1,161 12.153983 14,111 (2)%
1.65% 12,738 12.143210 154,680 (2)%
1.80% 949 8.357069 7,931 (2)%
1.85% 362 8.352132 3,023 (2)%
1.90% 291 8.347180 2,429 (2)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Nationwide SAT - Total Return Fund:
Tax and non-tax qualified ........... 0.95% 21,082,000 13.053974 275,203,880 3%
1.00% 13,601,988 13.036489 177,322,167 3%
1.05% 2,113,208 13.019025 27,511,908 3%
1.10% 795,495 13.039455 10,372,821 3%
</TABLE>
44
<PAGE> 45
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.15% 204,995 13.027969 2,670,669 3%
1.20% 1,478,162 12.993264 19,206,149 3%
1.25% 192,399 12.981230 2,497,576 3%
1.30% 382,184 12.969229 4,956,632 3%
1.35% 85,620 12.981991 1,111,518 3%
1.40% 744,853 12.970506 9,661,120 3%
1.45% 534,830 12.959020 6,930,873 3%
1.50% 105,724 12.947559 1,368,868 3%
1.55% 77,067 12.936075 996,944 3%
1.60% 26,521 12.924611 342,774 3%
1.65% 40,602 12.913160 524,300 3%
1.70% 24,076 10.096771 243,090 2%
1.75% 1,943 10.090823 19,606 2%
1.80% 2,870 10.084857 28,944 2%
1.85% 14,880 10.078893 149,974 2%
1.90% 4,211 10.072930 42,417 2%
1.95% 2,249 10.066981 22,641 2%
2.10% 1,307 10.049113 13,134 2%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Neuberger Berman AMT -
Guardian Portfolio:
Tax and non-tax qualified ........... 0.95% 1,986,495 16.101092 31,984,739 3%
1.00% 1,344,877 16.079553 21,625,021 3%
1.05% 278,565 16.058015 4,473,201 3%
1.10% 80,331 15.112174 1,213,976 3%
1.15% 22,687 15.098857 342,548 3%
1.20% 478,549 14.411278 6,896,503 3%
1.25% 24,105 14.397979 347,063 3%
1.30% 57,494 14.384659 827,032 3%
1.35% 22,044 15.045583 331,665 3%
1.40% 94,825 15.032278 1,425,436 3%
1.45% 67,951 15.018994 1,020,556 3%
1.50% 17,260 15.005684 258,998 3%
1.55% 6,164 14.992404 92,413 3%
1.60% 17,703 14.979117 265,175 3%
1.65% 1,560 14.965836 23,347 3%
1.70% 895 10.253068 9,176 3%
1.75% 1,741 10.247014 17,840 3%
1.80% 5,637 10.240974 57,728 3%
1.85% 209 10.234918 2,139 3%
1.90% 240 10.228865 2,455 3%
1.95% 2,420 10.222813 24,739 3%
2.00% 669 10.216775 6,835 3%
2.10% 179 10.204679 1,827 3%
2.15% 324 10.198632 3,304 3%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Neuberger Berman AMT -
Mid-Cap Growth Portfolio:
Tax and non-tax qualified ........... 0.95% 3,623,705 27.626319 100,109,630 12%
1.00% 2,082,738 27.589328 57,461,342 12%
1.05% 445,504 27.552396 12,274,703 12%
1.10% 147,084 24.035032 3,535,169 12%
1.15% 35,438 24.013856 851,003 12%
1.20% 1,174,149 23.359081 27,427,042 12%
1.25% 71,538 23.337526 1,669,520 12%
1.30% 293,405 23.315939 6,841,013 12%
1.35% 32,203 23.929165 770,591 12%
1.40% 688,107 23.908000 16,451,262 12%
1.45% 391,442 23.886869 9,350,324 12%
1.50% 77,395 23.865720 1,847,087 12%
1.55% 65,698 23.844616 1,566,544 12%
1.60% 65,017 23.823486 1,548,932 12%
1.65% 38,998 23.802370 928,245 12%
1.70% 13,982 17.070735 238,683 12%
</TABLE>
(Continued)
45
<PAGE> 46
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.75% 21,986 17.060677 375,096 12%
1.80% 4,281 17.050598 72,994 12%
1.85% 16,834 17.040537 286,860 12%
1.90% 6,861 17.030469 116,846 12%
1.95% 4,808 17.020414 81,834 12%
2.00% 5,887 17.010337 100,140 12%
2.05% 14,227 17.000283 241,863 12%
2.10% 1,765 16.990213 29,988 12%
2.15% 1,973 16.980148 33,502 12%
2.20% 363 16.970091 6,160 12%
2.25% 106 10.197388 1,081 2%(a)
2.30% 238 10.195089 2,426 2%(a)
2.40% 8 10.190485 82 2%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Neuberger Berman AMT -
Partners Portfolio:
Tax and non-tax qualified ........... 0.95% 5,280,977 11.009834 58,142,680 (1)%
1.00% 3,687,715 10.995099 40,546,792 (1)%
1.05% 622,421 10.980342 6,834,395 (1)%
1.10% 67,156 12.454730 836,410 (1)%
1.15% 12,497 12.443736 155,509 (1)%
1.20% 483,912 12.397119 5,999,115 (1)%
1.25% 52,885 12.385663 655,016 (1)%
1.30% 97,980 12.374198 1,212,424 (1)%
1.35% 34,806 12.399818 431,588 (1)%
1.40% 101,240 12.388852 1,254,247 (1)%
1.45% 112,042 12.377884 1,386,843 (1)%
1.50% 10,951 12.366921 135,430 (1)%
1.55% 15,528 12.355977 191,864 (1)%
1.60% 13,860 12.345007 171,102 (1)%
1.65% 5,038 12.334060 62,139 (1)%
1.70% 461 9.372602 4,321 (1)%
1.85% 668 9.356003 6,250 (1)%
1.90% 116 9.350466 1,085 (1)%
1.95% 216 9.344931 2,019 (2)%
2.00% 734 9.339399 6,855 (2)%
2.10% 99 9.328338 924 (2)%
2.15% 337 9.322817 3,142 (2)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Oppenheimer Aggressive Growth Fund / VA:
Tax and non-tax qualified ........... 0.95% 6,896,447 23.277274 160,530,486 21%
1.00% 3,879,243 23.246107 90,177,298 21%
1.05% 631,297 23.214967 14,655,539 21%
1.10% 224,482 28.876287 6,482,207 21%
1.15% 62,838 28.850834 1,812,929 21%
1.20% 1,923,111 28.328894 54,479,608 20%
1.25% 116,289 28.302778 3,291,302 20%
1.30% 388,212 28.276623 10,977,324 20%
1.35% 43,760 28.749219 1,258,066 20%
1.40% 755,452 28.723799 21,699,451 20%
1.45% 489,957 28.698427 14,060,995 20%
1.50% 125,334 28.673061 3,593,709 20%
1.55% 89,222 28.647701 2,556,005 20%
1.60% 26,730 28.622348 765,075 20%
1.65% 46,307 28.597017 1,324,242 20%
1.70% 18,227 19.313729 352,031 20%
1.75% 24,994 19.302349 482,443 20%
1.80% 9,128 19.290972 176,088 20%
1.85% 21,388 19.279576 412,352 20%
1.90% 9,481 19.268222 182,682 20%
1.95% 5,719 19.256852 110,130 20%
</TABLE>
46
<PAGE> 47
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
2.00% 4,795 19.245463 92,282 20%
2.05% 1,432 19.234102 27,543 20%
2.10% 3,129 19.222728 60,148 20%
2.15% 3,392 19.211362 65,165 20%
2.20% 24 19.199993 461 20%
2.25% 100 10.521049 1,052 5%(a)
2.30% 119 10.518676 1,252 5%(a)
2.40% 4 10.513931 42 5%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Oppenheimer Capital Appreciation Fund / VA:
Tax and non-tax qualified ........... 0.95% 7,656,863 18.443292 141,217,760 9%
1.00% 4,804,053 18.418608 88,483,969 9%
1.05% 765,101 18.393919 14,073,206 9%
1.10% 223,921 20.192602 4,521,548 9%
1.15% 83,883 20.174811 1,692,324 9%
1.20% 1,551,682 19.412918 30,122,675 9%
1.25% 135,098 19.394992 2,620,225 9%
1.30% 457,376 19.377063 8,862,604 9%
1.35% 101,055 20.103675 2,031,577 9%
1.40% 685,121 20.085913 13,761,281 9%
1.45% 864,199 20.068153 17,342,878 9%
1.50% 113,099 20.050410 2,267,681 9%
1.55% 77,202 20.032654 1,546,561 9%
1.60% 25,200 20.014914 504,376 9%
1.65% 39,116 19.997193 782,210 9%
1.70% 91,181 13.842777 1,262,198 8%
1.75% 28,892 13.834616 399,710 8%
1.80% 15,248 13.826444 210,826 8%
1.85% 20,733 13.818288 286,495 8%
1.90% 4,614 13.810129 63,720 8%
1.95% 9,449 13.801957 130,415 8%
2.00% 5,022 13.793807 69,272 8%
2.05% 246 13.785644 3,391 8%
2.10% 2,447 13.777486 33,714 8%
2.15% 3,566 13.769327 49,101 8%
2.20% 633 13.761177 8,711 8%
2.25% 96 10.791790 1,036 8%
2.30% 211 10.789371 2,277 8%
2.40% 9 10.784509 97 8%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Oppenheimer Global Securities Fund / VA:
Tax and non-tax qualified ........... 0.95% 123,617 10.094985 1,247,912 1%
1.00% 100,895 10.094150 1,018,449 1%
1.05% 4,314 10.093314 43,543 1%
1.10% 4,573 10.092478 46,153 1%
1.15% 51 10.091645 515 1%
1.20% 56,964 10.090809 574,813 1%
1.25% 1,529 10.089972 15,428 1%
1.30% 57,820 10.089139 583,354 1%
1.35% 3,862 10.088300 38,961 1%
1.40% 111,626 10.087468 1,126,024 1%
1.45% 23,727 10.086628 239,325 1%
1.50% 8,666 10.085791 87,403 1%
1.55% 6,152 10.084954 62,043 1%
1.65% 413 10.083275 4,164 1%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Oppenheimer Main Street
Growth & Income Fund / VA:
Tax and non-tax qualified ........... 0.95% 7,471,018 12.790421 95,557,466 0%
1.00% 4,739,140 12.773289 60,534,405 0%
1.05% 971,080 12.756159 12,387,251 0%
1.10% 173,438 14.801435 2,567,131 0%
1.15% 56,469 14.788374 835,085 0%
1.20% 1,982,246 14.549760 28,841,204 0%
</TABLE>
(Continued)
47
<PAGE> 48
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.25% 194,305 14.536321 2,824,480 0%
1.30% 634,483 14.522891 9,214,527 0%
1.35% 94,330 14.736213 1,390,067 0%
1.40% 861,597 14.723188 12,685,455 (1)%
1.45% 707,864 14.710167 10,412,798 (1)%
1.50% 148,198 14.697149 2,178,088 (1)%
1.55% 91,105 14.684131 1,337,798 (1)%
1.60% 77,896 14.671130 1,142,822 (1)%
1.65% 80,508 14.658118 1,180,096 (1)%
1.70% 8,878 10.713656 95,116 (1)%
1.75% 8,512 10.707336 91,141 (1)%
1.80% 18,541 10.701026 198,408 (1)%
1.85% 27,602 10.694711 295,195 (1)%
1.90% 3,974 10.688387 42,476 (1)%
1.95% 12,630 10.682070 134,915 (1)%
2.00% 12,004 10.675746 128,152 (1)%
2.05% 3,755 10.669424 40,064 (1)%
2.10% 851 10.663103 9,074 (1)%
2.15% 20,169 10.656792 214,937 (1)%
2.20% 514 10.650470 5,474 (1)%
2.30% 114 9.953656 1,135 (1)%
2.40% 5 9.949172 50 (1)%
2.45% 72 9.946932 716 (1)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Strong Opportunity Fund II, Inc.
Tax and non-tax qualified ........... 0.95% 123,022 9.628425 1,184,508 (4)%
1.00% 302,820 9.627627 2,915,438 (4)%
1.05% 14,684 9.626831 141,360 (4)%
1.10% 155 9.626029 1,492 (4)%
1.15% 6 9.625238 58 (4)%
1.20% 126,056 9.624436 1,213,218 (4)%
1.25% 4,105 9.623637 39,505 (4)%
1.30% 36,888 9.622839 354,967 (4)%
1.35% 8,760 9.622039 84,289 (4)%
1.40% 66,909 9.621242 643,748 (4)%
1.45% 312,500 9.620440 3,006,388 (4)%
1.50% 704 9.619639 6,772 (4)%
1.55% 1,537 9.618841 14,784 (4)%
1.60% 1,028 9.618040 9,887 (4)%
1.65% 4,447 9.617239 42,768 (4)%
1.70% 3,911 9.616439 37,610 (4)%
1.85% 24 9.614034 231 (4)%
2.00% 28 9.611624 269 (4)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
The Universal Institutional Funds, Inc. -
Emerging Markets Debt Portfolio:
Tax and non-tax qualified ........... 0.95% 503,220 10.046960 5,055,831 6%
1.00% 210,151 10.033475 2,108,545 6%
1.05% 48,126 10.020022 482,224 6%
1.10% 4,132 15.445373 63,820 6%
1.15% 1,298 15.431731 20,030 6%
1.20% 111,617 15.428323 1,722,063 6%
1.25% 3,430 15.414066 52,870 6%
1.30% 8,875 15.399790 136,673 6%
1.35% 1,040 15.377296 15,992 6%
1.40% 27,031 15.363715 415,297 6%
1.45% 24,238 15.350124 372,056 6%
1.50% 7,542 15.336538 115,668 6%
1.55% 5,266 15.322969 80,691 6%
1.60% 736 15.309395 11,268 6%
</TABLE>
48
<PAGE> 49
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.65% 970 15.295818 14,837 6%
1.70% 115 11.839560 1,362 6%
1.80% 40 11.825616 473 6%
1.85% 121 11.818631 1,430 6%
1.90% 214 11.811649 2,528 6%
1.95% 744 11.804668 8,783 5%
2.00% 335 11.797689 3,952 5%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
The Universal Institutional Funds, Inc. -
Mid Cap Growth Portfolio:
Tax and non-tax qualified ........... 0.95% 2,967 9.889681 29,343 (1)%
1.00% 5,463 9.888861 54,023 (1)%
1.10% 1,099 9.887226 10,866 (1)%
1.20% 8,238 9.885590 81,437 (1)%
1.25% 1,678 9.884768 16,587 (1)%
1.40% 3,419 9.882309 33,788 (1)%
1.45% 1,042 9.881488 10,297 (1)%
1.50% 1,311 9.880667 12,954 (1)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Van Eck WIT -
Worldwide Emerging Markets Fund:
Tax and non-tax qualified ........... 0.95% 2,071,428 9.945646 20,601,690 (13)%
1.00% 922,632 9.932343 9,163,897 (13)%
1.05% 169,644 9.919015 1,682,701 (13)%
1.10% 20,090 21.799673 437,955 (13)%
1.15% 3,140 21.780469 68,391 (13)%
1.20% 398,486 20.849384 8,308,188 (13)%
1.25% 16,627 20.830114 346,342 (13)%
1.30% 72,830 20.810884 1,515,657 (13)%
1.35% 13,776 21.703697 298,990 (13)%
1.40% 121,052 21.684511 2,624,953 (13)%
1.45% 96,148 21.665343 2,083,079 (13)%
1.50% 14,186 21.646170 307,073 (13)%
1.55% 10,377 21.627038 224,424 (13)%
1.60% 5,925 21.607870 128,027 (13)%
1.65% 6,637 21.588745 143,285 (13)%
1.70% 5,416 13.544391 73,356 (13)%
1.75% 548 13.536407 7,418 (13)%
1.80% 505 13.528411 6,832 (13)%
1.85% 1,470 13.520423 19,875 (13)%
1.90% 4,090 13.512456 55,266 (13)%
1.95% 2,273 13.504454 30,696 (13)%
2.00% 3,822 13.496462 51,583 (13)%
2.05% 128 13.488492 1,727 (13)%
2.10% 479 13.480515 6,457 (13)%
2.15% 742 13.472520 9,997 (13)%
2.20% 104 13.464539 1,400 (13)%
2.30% 128 8.573038 1,097 (14)%
2.40% 5 8.569163 43 (14)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Van Eck WIT -
Worldwide Hard Assets Fund:
Tax and non-tax qualified ........... 0.95% 730,825 7.611246 5,562,489 3%
1.00% 184,145 7.601028 1,399,691 3%
1.05% 57,205 7.590846 434,234 3%
1.10% 811 12.267891 9,949 3%
1.15% 882 12.257052 10,811 3%
1.20% 86,761 13.067636 1,133,761 3%
1.25% 1,425 13.055541 18,604 3%
1.30% 37,929 13.043470 494,726 3%
1.35% 4,603 12.213754 56,220 3%
1.40% 22,281 12.202961 271,894 3%
1.45% 26,244 12.192156 319,971 3%
1.55% 1,040 12.170543 12,657 3%
1.60% 407 12.159751 4,949 3%
1.65% 733 12.148967 8,905 3%
1.70% 202 10.290996 2,079 3%
</TABLE>
(Continued)
49
<PAGE> 50
NATIONWIDE VARIABLE ACCOUNT-9
NOTES TO FINANCIAL STATEMENTS, CONTINUED
<TABLE>
<CAPTION>
CONTRACT OWNERS' EQUITY ASSET PERIOD
(Continued) CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.60% 407 12.159751 4,949 3%
1.65% 733 12.148967 8,905 3%
1.70% 202 10.290996 2,079 3%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Van Kampen LIT - Morgan Stanley
Real Estate Securities Portfolio:
Tax and non-tax qualified ........... 0.95% 1,736,016 9.851814 17,102,907 14%
1.00% 1,127,899 9.838590 11,096,936 14%
1.05% 167,557 9.825411 1,646,316 14%
1.10% 5,981 11.307619 67,631 14%
1.15% 1,927 11.297635 21,771 14%
1.20% 591,047 11.647672 6,884,322 14%
1.25% 18,777 11.636904 218,506 14%
1.30% 102,740 11.626120 1,194,468 14%
1.35% 8,145 11.257751 91,694 14%
1.40% 64,083 11.247781 720,792 13%
1.45% 39,576 11.237823 444,748 13%
1.50% 5,032 11.227868 56,499 13%
1.55% 15,020 11.217914 168,493 13%
1.60% 2,730 11.207972 30,598 13%
1.65% 112 11.198032 1,254 13%
1.75% 1,422 10.205779 14,513 13%
1.80% 1,883 10.199749 19,206 13%
1.85% 1,272 10.193723 12,966 13%
2.00% 47 10.175642 478 13%
2.30% 250 10.956962 2,739 10%(a)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Victory VIF -
Diversified Stock Fund - Class A:
Tax and non-tax qualified ........... 1.00% 6,651 9.837015 65,426 (2)%
1.20% 472,960 9.764286 4,618,117 (3)%
1.25% 15,798 9.759399 154,179 (3)%
1.45% 53,220 9.739862 518,355 (3)%
1.50% 10,654 9.734997 103,717 (3)%
1.55% 666 9.730112 6,480 (3)%
1.60% 3,371 9.725240 32,784 (3)%
1.65% 3,221 9.720371 31,309 (3)%
1.90% 274 9.822324 2,691 (2)%
Initial funding by depositor .......... 0.95% 100,000 9.882139 988,214 (2)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Victory VIF -
Investment Quality Bond Fund - Class A:
Tax and non-tax qualified ........... 1.20% 87,245 10.248260 894,109 3%
1.25% 3,212 10.243154 32,901 3%
1.50% 2,455 10.217542 25,084 3%
1.65% 750 10.202192 7,652 3%
Initial funding by depositor .......... 0.95% 100,000 10.403113 1,040,311 3%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Victory VIF - Small Company
Opportunity Fund - Class A:
Tax and non-tax qualified ........... 1.20% 51,886 10.641802 552,161 8%
1.25% 2,537 10.636476 26,985 8%
1.45% 1,103 10.615177 11,709 7%
1.50% 1,654 10.609860 17,549 7%
1.65% 942 10.593926 9,979 7%
Initial funding by depositor .......... 0.95% 100,000 10.770297 1,077,030 7%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Warburg Pincus Trust - Value Portfolio:
Tax and non-tax qualified ........... 0.95% 849,554 11.772663 10,001,513 (3)%
1.00% 403,755 11.756886 4,746,902 (3)%
1.05% 121,769 11.741157 1,429,709 (3)%
1.10% 4,273 12.128010 51,823 (3)%
</TABLE>
50
<PAGE> 51
<TABLE>
<CAPTION>
ASSET PERIOD
CHARGE UNITS UNIT VALUE AMOUNT RETURN(b)
------- ---------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C>
1.15% 3,667 12.117309 44,434 (3)%
1.20% 162,314 11.898593 1,931,308 (3)%
1.25% 6,571 11.887581 78,113 (3)%
1.30% 21,978 11.876590 261,024 (3)%
1.35% 12,065 12.074538 145,679 (3)%
1.40% 57,216 12.063854 690,245 (3)%
1.45% 21,367 12.053194 257,541 (3)%
1.50% 10,087 12.042511 121,473 (3)%
1.55% 2,462 12.031834 29,622 (3)%
1.60% 3,508 12.021167 42,170 (3)%
1.65% 249 12.010513 2,991 (3)%
1.70% 985 9.035426 8,900 (3)%
1.75% 194 9.030087 1,752 (3)%
1.80% 1,577 9.024760 14,232 (3)%
1.90% 152 9.014084 1,370 (3)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Warburg Pincus Trust -
International Equity Portfolio:
Tax and non-tax qualified ........... 0.95% 1,399,881 13.617946 19,063,504 (9)%
1.00% 604,584 13.599684 8,222,151 (9)%
1.05% 141,954 13.581478 1,927,945 (9)%
1.10% 3,804 15.909277 60,519 (9)%
1.15% 2,306 15.895259 36,654 (9)%
1.20% 379,022 14.853456 5,629,787 (9)%
1.25% 30,159 14.839720 447,551 (9)%
1.30% 18,670 14.826013 276,802 (9)%
1.35% 3,182 15.839193 50,400 (9)%
1.40% 718 15.825192 11,362 (9)%
1.45% 822 15.811182 12,997 (9)%
1.50% 5,478 15.797212 86,537 (9)%
1.60% 175 15.769250 2,760 (9)%
1.65% 831 15.755256 13,093 (9)%
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Warburg Pincus Trust -
Global Post-Venture Capital Portfolio:
Tax and non-tax qualified .......... 0.95% 741,862 17.588850 13,048,499 4%
1.00% 305,486 17.565304 5,365,954 4%
1.05% 97,829 17.541768 1,716,094 4%
1.10% 4,483 21.676154 97,174 4%
1.15% 326 21.657046 7,060 4%
1.20% 70,737 21.475812 1,519,135 4%
1.25% 2,507 21.455945 53,790 4%
1.30% 9,611 21.436129 206,023 4%
1.35% 2,921 21.580665 63,037 4%
1.40% 1,553 21.561586 33,485 4%
1.65% 23 21.466340 494 4%
========= =========
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Reserve for annuity contracts in payout phase:
Non-tax qualified ..................... 14,444
Total Contract Owners' Equity ......... $ 9,486,980,169
===============
</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.
51
<PAGE> 52
--------------
NATIONWIDE LIFE INSURANCE COMPANY Bulk Rate
HOME OFFICE: ONE NATIONWIDE PLAZA - COLUMBUS, OHIO 43215-2220 U.S. Postage
PAID
Columbus, Ohio
Permit No. 521
--------------
Nationwide(R) is a registered federal service mark of Nationwide Mutual
Insurance Company
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