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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 October 9, 2000
to Prospectus dated March 1, 2000
The disclosure on page 9 of the above noted prospectus is hereby amended to
reflect that:
The Nationwide Fund will no longer be limited with respect to the number of
securities it may hold at any time. Accordingly, the section entitled "Objective
and Principal Strategies" is deleted in its entirety and is replaced with the
following:
The Nationwide Fund is slightly more conservative than the other two
Stock Funds since it seeks total return through a flexible combination
of current income and capital appreciation. To achieve its objective,
the Fund invests primarily in the common stock and convertible
securities of companies with consistent earnings performance, and
generally intends to be fully invested in these securities. The Fund
looks for companies whose earnings are expected to consistently grow
faster than other companies in the market. It usually will sell
securities if:
o the price of the security is overvalued
o the company's earnings are consistently lower than expected
o more favorable opportunities are identified.
TOTAL RETURN
Generally, total return means a combination of income and capital
appreciation. In other words, the Fund looks for stocks and other
securities that pay dividends and other income, instead of relying
solely on the security 's prospects for increasing in value. Because,
in most cases, a stock is more certain to pay its scheduled dividends
than increase in value, a total return approach can help a fund achieve
more stable, dependable returns.
The prospectus is hereby amended by adding the following section entitled "Class
A Finders' Fees" on page 34 of the prospectus after the section entitled "Class
A and Class D sales charges":
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CLASS A FINDERS' FEES
For certain sales of Class A shares at net asset value and without a front-end
sales load to employer sponsored retirement plans (other than those investing in
the Funds through a variable insurance product), NAS will pay a finder's fee to
the dealer when the Fund shares are purchased. For the dealer to be eligible for
the finder's fee, the following requirements apply:
o The purchase of shares must be made by one employer sponsored
retirement plan within a twelve month period from the purchase of any
Nationwide Family of Funds (Nationwide Funds) Class A shares;
o The purchase can be made in any combination of Nationwide Funds; and
o The employer sponsored plan will be subject to a contingent deferred
sales charge for shares redeemed in any employer initiated redemption
within the first three years of purchase (the applicable contingent
deferred sales charge will be charged as described below).
If these conditions are met, a finder's fee will be paid on the purchase at the
following rates:
1.00% for sales of the Nationwide Funds of $1 million and more but less than $3
million
0.50% for sales of the Nationwide Funds of $3 million and more but less than $50
million
0.25% for sales of the Nationwide Funds of $50 million or more
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
