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SUPPLEMENT DATED JUNE 7, 2000 TO
PROSPECTUS DATED MAY 1, 2000 FOR
DEFERRED VARIABLE ANNUITY CONTRACTS
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY
THROUGH ITS
NATIONWIDE VARIABLE ACCOUNT
THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS. PLEASE
READ IT AND KEEP IT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
1. THE "CDSC OPTIONS AVAILABLE AT THE TIME OF APPLICATION "SECTION ON PAGE 5
OF THE PROSPECTUS IS AMENDED TO READ AS FOLLOWS:
7 YEAR CDSC OPTION
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of
purchase payments surrendered)............7%
Range of 7 Year CDSC over time:
Number of Completed CDSC
Years from Date of Purchase Percentage
Payment
0 7%
1 7%
2 6%
3 5%
4 4%
5 3%
6 2%
7 0%
VARIABLE ACCOUNT ANNUAL EXPENSES (AS A PERCENTAGE OF THE DAILY NET ASSETS
OF THE VARIABLE ACCOUNT)
Mortality and Expense Risk Charge
(including the 7 Year CDSC Option).......0.95%(1,3)
5 YEAR CDSC OPTION
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of
purchase payments surrendered)............7%
Range of 5 Year CDSC over time:
Number of Completed Years from CDSC
Date of Purchase Payment Percentage
0 7%
1 7%
2 6%
3 4%
4 2%
5 0%
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2. THE "OPTIONAL CONTRACT BENEFITS, CHARGES AND DEDUCTIONS" SECTION ON PAGE 16
OF THE PROSPECTUS IS AMENDED TO READ AS FOLLOWS:
7 Year CDSC Option
In exchange for a REDUCTION equal to an annual rate of 0.25% of the daily
net assets of the variable account, a contract owner can elect, at the time
of application, to have a 7 Year CDSC schedule applied to surrenders from
his or her contract. The 7 Year CDSC schedule is as follows:
Number of Completed Years from CDSC
Date of Purchase Payment Percentage
0 7%
1 7%
2 6%
3 5%
4 4%
5 3%
6 2%
7 0%
5 Year CDSC Option
In exchange for a REDUCTION equal to an annual rate of 0.10% of the daily
net assets of the variable account, a contract owner can elect, at the time
of application, to have a 5 Year CDSC schedule applied to surrenders from
his or her contract. The 5 Year CDSC schedule is as follows:
Number of Completed Years from CDSC
Date of Purchase Payment Percentage
0 7%
1 7%
2 6%
3 4%
4 2%
5 0%
2
