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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1 UNDER THE INVESTMENT COMPANY ACT
OF 1940.
MORLEY CAPITAL ACCUMULATION FUND, A SERIES OF
NATIONWIDE INVESTING FOUNDATION III
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company hereby notifies the
Securities and Exchange Commission that it elects to commit the Morley Capital
Accumulation Fund to pay in cash all redemptions by a shareholder of record as
provided by Rule 18f-1 under the Investment Company Act of 1940. It is
understood that this election is irrevocable while such Rule is in effect
unless the Commission by order upon application permits the withdrawal of this
Notification of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the Investment Company Act
of 1940, the registrant has caused this notification of election to be duly
executed on its behalf in the City of Columbus and the State of Ohio on the 16th
day of December, 1998.
Signature Nationwide Investing Foundation III, on behalf
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of the Morley Capital Accumulation Fund
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By /s/ ELIZABETH A. DAVIN
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Elizabeth A. Davin
Secretary
Attest: CHRISTOPHER A. CLAY
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(Name)
Assistant Treasurer
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(Title)
