<PAGE> 1
NATIONWIDE FAMILY OF FUNDS
MORLEY ENHANCED INCOME FUND
Prospectus Supplement dated June 27, 2000
to Prospectus dated January 3, 2000 (as amended February 9, 2000)
The disclosure on page 7 of the above noted prospectus is hereby amended to
reflect that:
Effective June 22, 2000, Thomas F. Mitchell is the sole manager of the Fund.
Mr. Mitchell, Senior Portfolio Manager of UBT, joined the firm in 1999. Prior to
becoming sole manager of the Fund, Mr. Mitchell was co-portfolio manager for the
Fund. He served in that capacity since 1999 when the Fund began operations. Mr.
Mitchell also currently manages the Morley Capital Accumulation Fund, and has
done so since February 1999 when the fund began operations. Mr. Mitchell has
over twenty years' experience with taxable and tax-exempt securities. From 1978
to 1996, he managed investment portfolios for commercial bank affiliates of
First Interstate Bancorp. In 1997 and 1998, following First Interstate's merger
with Wells Fargo & Co., he was a fixed income trader with Wells Fargo's
Institutional Securities Sales and Trading Division.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR
FUTURE REFERENCE.
