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[DRUEN, RATH & DIETRICH LETTERHEAD]
(614) 249-7617
November 5, 1996
VIA ELECTRONIC TRANSMISSION
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The United States Securities
and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Nationwide Separate Account Trust
Small Company Fund
SEC File Nos. 2-73024; 811-3213
CIK No. 0000353905
Ladies and Gentlemen:
Pursuant to Rule 497(e) under the Securities Act of 1933 and on behalf of
Nationwide Separate Account Trust Small Company Fund, we hereby submit the form
of Prospectus which has been modified, via a prospectus supplement, dated
November 5, 1996. This supplement will be sent to the shareholder of the fund
and new contract holders whose investments are allocated to the fund.
If there is any questions in connection with the enclosed, please contact me at
the direct dial line listed above.
DRUEN, RATH & DIETRICH
/s/ David E. Simaitis
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David E. Simaitis
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SUPPLEMENT DATED NOVEMBER 5, 1996
TO
PROSPECTUS DATED MAY 1, 1996
NATIONWIDE SMALL COMPANY FUND
NATIONWIDE SEPARATE ACCOUNT TRUST
On October 30, 1996 Paul Kandel and Hilary R. Woods replaced Thomas A. Frank as
portfolio managers of the subadviser The Dreyfus Corporation. On page 12 of the
prospectus, the first two full paragraphs under the heading MANAGEMENT OF THE
TRUST, subheadings, Investment Management of the Fund, The Subadvisers, The
Dreyfus Corporation are hereby deleted in their entirety and replaced by the
following.
The primary portfolio managers of the portion of the Fund's portfolio
managed by Dreyfus are Paul Kandel and Hilary R. Woods. Paul Kandel
serves as a Senior Sector Manager for the technology and
telecommunications industries in the Small Capitalization Equity Group.
Prior to joining Dreyfus in October 1994, Mr. Kandel was a manager at
Ark Asset Management where he researched and recommended stocks and IPOs
in the telecommunications, technology and selected media industries.
From 1988 to 1992, he was an Assistant Vice President at Bankers Trust
Company responsible for the telecommunications, electric utility,
cellular and technology industries. Mr. Kandel is a member of the
Software Analysts and Communication Technology Investment Analysts
Splinter Groups. He earned his B.A. in Economics from Haverford College
and his M.B.A. with a concentration in Finance from the Columbia
University Graduate School of Business.
Ms. Woods serves as a Sector Manager for the capital goods industries in
the Small Capitalization Equity Group. She has held this position and
worked in the Dreyfus Equity Research Department since 1988. Ms. Woods
joined Dreyfus in 1987 as a Senior Securities Analyst for value
securities and the capital goods industries. Previously, Ms. Woods was
with Neuberger & Berman for 6 1/2 years most recently as an Assistant
Portfolio Manager and Analyst. Ms. Woods received a B.S. in History
from Franklin & Marshall College and is a Chartered Financial Analyst
(CFA) and a member of the Machinery Analysts of New York, Inc.
