NATIONWIDE INVESTING FOUNDATION III
24F-2NT, 1999-01-29
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APPENDIX I                          UNITED STATES                      ------------------------------
                          SECURITIES AND EXCHANGE COMMISSION           |        OMB APPROVAL        |
                               Washington, D.C. 20549                  |----------------------------|
                                                                       | OMB Number:      3235-0456 |
                                     FORM 24F-2                        | Expires:   August 31, 2000 |
                          ANNUAL NOTICE OF SECURITIES SOLD             | Estimated average burden   |
                               PURSUANT TO RULE 24F-2                  | hours per response.......1 |
                                                                       ------------------------------
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 Read instructions at end of Form before preparing Form. Please print or type.

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1.    Name and address of issuer: 
                                 
      NATIONWIDE INVESTING FOUNDATION III
      THREE NATIONWIDE PLAZA
      COLUMBUS, OH 43215

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2.    Name of each series or class of funds for which this notice is filed: (If
      the Form is being filed for all series and classes of securities of
      securities, check the box, but do not list that series or classes):
                                                                           [X]



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3.    Investment Company Act File Number:  
                                        811-08495
                                        
      Securities Act File Number:  
                                        333-40455

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4(a). Last day of fiscal year for which this Form is filed:  

                                        10/31/1998
                                 
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4(b). [ ]  Check box if this Form is being filed late (i.e., more than 90 days 
           after the end of the issuer's fiscal year). (See instruction A.2) 


    Note: If the Form is being filed late, interest must be paid on the
    registration fee due

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4(c). [ ]  Check box if this is the last time the issuer will be filing this 
           Form.



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<S>  <C>    <C>                                                  <C>              <C>  
5.   Calculation of registration fee:

     (i)    Aggregate sale price of securities sold during                        $2,416,635,192   
            the fiscal year pursuant to section 24(f):                            --------------

     (ii)   Aggregate price of securities redeemed or            $1,700,006,346      
            repurchased during the fiscal year:                  --------------

     (iii)  Aggregate price of securities redeemed or            
            repurchased during any prior fiscal year             
            ending no earlier than October 11, 1996
            that were not previously used to reduce
            registration fees payable to the 
            Commission:                                          $   56,015,710
                                                                 --------------

     (iv)   Total available redemption credits (add                             - $1,756,022,056
            Items 5(ii) and 5(iii):                                               --------------

     (v)    Net sales - if Item 5(i) is greater than                              $  660,613,136    
            Item 5(iv) [subtract Item 5(iv) from Item                             --------------
            5(i)]:                                           
 
    -------------------------------------------------------------------------------
    |(vi)   Redemption credits available for use in future       $ (   -0-   )    |
    |       years -- if Item 5(i) is less than Item 5(iv)        -------------    |
    |       [subtract Item 5(iv) from Item 5(i)}:                                 |
    -------------------------------------------------------------------------------

     (vii)  Multiplier for determining registration                              x  0.000278     
            fee (See instruction C.9):                                            ==============

     (viii) Registration fee due [multiply Item 5(v) by Item                     =$      183,650
            5(vii)](enter "0" if no fee is due):                                  ==============
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6.   Prepaid Shares

     If the response to Item 5(i) was determined by deducting an amount of
     securities that were registered under the Securities Act of 1922 pursuant
     to rule 24a-2 as in effect before [effective date of rescission of rule
     24a-2], then report the amount of securities (number of shares or other
     units) deducted here:_________. If there is a number of shares or other
     units that were registered pursuant to rule 24a-2 remaining unsold at the
     end of the fiscal year for which this form is filed that are available for
     use by the issuer in future fiscal years, then state that number here:
     ________.

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7.   Interest due - if this Form is being filed more than 90 days after end of
     the issuer's fiscal year (see Instruction D):

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<S>  <C>    <C>                                                  <C>              <C>  
                                                                                 

                                                                                 +$
                                                                                  --------------

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8.   Total of the amount of the registration fee due plus any interest due 
     [line 5(viii) plus line 7]:

                                                                                 =$      183,650
                                                                                  ==============
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9.   Date the registration fee and any interest payment was sent to the 
     Commission's lockbox depository:

     1/29/99

          Method of Delivery:

                         [X] Wire Transfer
                         [ ] Mail or other means

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                                  SIGNATURES

This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.

By (Signature and Title)*  /s/ Craig Carver
                         ------------------------------------------------------
                               CRAIG CARVER, ASSISTANT TREASURER
                         ------------------------------------------------------

Date    1/29/1999
      -------------


 * Please print the name and title of the signing officer below the signature.


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