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NATIONWIDE FAMILY OF FUNDS
PRESTIGE ADVISOR SERIES
Prospectus Supplement dated December 22, 2000
to Prospectus dated March 1, 2000
The following information supplements the information currently in the Prestige
Advisor Series prospectus:
1. The Board of Trustees of Nationwide Mutual Funds (the "Board of
Trustees") recently considered and approved a proposal to terminate the
subadvisory agreement with Brinson Partners, Inc. ("Brinson"), the
current subadviser for the Prestige Large Cap Value Fund (the "Fund"),
and has approved the submission to shareholders of a proposal to
replace Brinson with NorthPointe Capital LLC ("NorthPointe"). If this
action is approved by the shareholders of the Fund at a meeting
expected to be held in February 2001, the subadvisory agreement with
Brinson would be terminated effective March 1, 2001 and NorthPointe
will begin subadvising the Fund effective March 1, 2001.
NORTHPOINTE CAPITAL LLC is located at 101 West Big Beaver, Suite 1125,
Troy, Michigan 48084. NorthPointe, a Delaware limited liability
company, was organized in 1999. NorthPointe subadvises several other
investment companies, as well as institutional accounts, and is an
affiliate of the Fund's investment adviser, Villanova Mutual Fund
Capital Trust.
2. The Board of Trustees recently considered and approved a proposal to
liquidate and dissolve the Prestige Balanced Fund (the "Balanced
Fund"). If this action is approved by the shareholders of the Balanced
Fund, the Balanced Fund will be liquidated and dissolved as soon as
practicable thereafter. Prior to such liquidation and dissolution,
shareholders will be entitled to purchase, exchange or redeem their
shares in the manner set forth in the Fund's current prospectus.
3. The Board of Trustees recently considered and approved a proposal to
liquidate and dissolve the Prestige International Fund (the
"International Fund"). If this action is approved by the shareholders
of the International Fund, the International Fund will be liquidated
and dissolved as soon as practicable thereafter. Prior to such
liquidation and dissolution, shareholders will be entitled to purchase,
exchange or redeem their shares in the manner set forth in the Fund's
current prospectus.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
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NATIONWIDE FAMILY OF FUNDS
GARTMORE MILLENNIUM GROWTH FUND (FORMERLY THE "NATIONWIDE MID CAP GROWTH FUND")
NATIONWIDE GROWTH FUND
NATIONWIDE FUND
NATIONWIDE BOND FUND
NATIONWIDE TAX-FREE INCOME FUND
NATIONWIDE LONG-TERM U.S. GOVERNMENT BOND FUND
NATIONWIDE INTERMEDIATE U.S. GOVERNMENT BOND FUND
NATIONWIDE MONEY MARKET FUND
Prospectus Supplement dated December 22, 2000
to Prospectus dated March 1, 2000
The following information supplements information in the above noted prospectus:
The Board of Trustees of Nationwide Mutual Funds, on behalf of the
Nationwide Long-Term U.S. Government Bond Fund and the Nationwide
Intermediate U.S. Government Bond Fund (respectively, the "Long-Term Fund"
and the "Intermediate Fund", and collectively the "Funds") series, recently
considered and approved a proposal for the reorganization of the Long-Term
Fund with and into the Intermediate Fund. If the reorganization is approved
by the shareholders of both Funds at a meeting expected to be held in
February 2001, substantially all the assets (subject to liabilities) of the
Long-Term Fund will be acquired by the Intermediate Fund in exchange for
Class A shares, Class B shares and Class D shares of the Intermediate Fund.
Such shares, in turn, will be immediately distributed to the Long-Term
Fund's shareholders, after which the Long-Term Fund will be completely
liquidated. It is anticipated that this reorganization will occur as soon
as practicable if shareholder approval is obtained.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR FUTURE
REFERENCE.
