<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0000353905
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NATIONWIDE SEPARATE ACCOUNT TRUST
001 B000000 811-3213
001 C000000 6144708000
002 A000000 THREE NATIONWIDE PLAZA 3-26-06
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43215
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 16
007 C010100 1
007 C020100 TOTAL RETURN FUND
007 C030100 N
007 C010200 2
007 C020200 CAPITAL APPRECIATION FUND
007 C030200 N
007 C010300 3
007 C020300 GOVERNMENT BOND FUND
007 C030300 N
007 C010400 4
007 C020400 MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C020500 SMALL COMPANY FUND
007 C030500 N
007 C010600 6
007 C020600 INCOME FUND
007 C030600 N
007 C010700 7
007 C020700 STRATEGIC GROWTH FUND
007 C030700 N
007 C010800 8
007 C020800 STRATEGIC VALUE FUND
007 C030800 N
007 C010900 9
007 C020900 EQUITY INCOME FUND
007 C030900 N
007 C011000 10
007 C021000 HIGH INCOME BOND FUND
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 BALANCED FUND
007 C031100 N
007 C011200 12
007 C021200 MULTI SECTOR BOND FUND
007 C031200 N
007 C011300 13
007 C021300 SMALL CAP VALUE FUND
007 C031300 N
007 C011400 14
007 C021400 GLOBAL EQUITY FUND
007 C031400 N
007 C011500 15
007 C021500 SELECT ADVISERS MID CAP FUND
007 C031500 N
007 C011600 16
007 C021600 SELECT ADVISERS SMALL CAP GROWTH FUND
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 VILLANOVA SA CAPITAL TRUST
010 B00AA01 801-125000
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43215
010 A00AA02 BISYS FUND SERVICES
010 C01AA02 COLUMBUS
010 C02AA02 OH
010 C03AA02 43219
012 A00AA01 NATIONWIDE INVESTORS SERVICES, INC.
012 B00AA01 84-9999999
012 C01AA01 COLUMBUS
012 C02AA01 OH
012 C03AA01 43216
013 A00AA01 PRICEWATERHOUSECOOPERS
013 B01AA01 COLUMBUS
013 B02AA01 OH
013 B03AA01 43215
015 A00AA01 THE FIFTH THIRD BANK
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45263
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 43
019 C00AA00 NATIONWIDE
<PAGE> PAGE 3
020 A000001 BEAR, STEARNS & CO
020 B000001 13-4946705
020 C000001 373
020 A000002 EXECUTION SERVICES
020 B000002 13-2862329
020 C000002 336
020 A000003 LEHMAN BROTHERS
020 B000003 13-2663822
020 C000003 279
020 A000004 B TRADE SERVICES
020 C000004 273
020 A000005 DONALDSON, LUFKIN
020 B000005 13-2741729
020 C000005 240
020 A000006 MORGAN STANLEY
020 B000006 13-5655998
020 C000006 233
020 A000007 FIRST BOSTON
020 B000007 13-5659485
020 C000007 233
020 A000008 GOLDMAN SACHS
020 B000008 13-5108880
020 C000008 209
020 A000009 MERRILL LYNCH
020 B000009 13-5674085
020 C000009 156
020 A000010 PAINE WEBBER
020 B000010 13-2895752
020 C000010 143
021 000000 5501
022 A000001 5TH/3RD BANK
022 B000001 31-0854433
022 C000001 9750495
022 D000001 24639
022 A000002 WARBURG
022 B000002 13-1939216
022 C000002 6552210
022 D000002 2498
022 A000003 BANK ONE
022 B000003 31-1017233
022 C000003 4087616
022 D000003 0
022 A000004 J.P. MORGAN
022 B000004 13-3224016
022 C000004 4036332
022 D000004 59643
022 A000005 CHASE SECURITIES
022 B000005 13-3379014
022 C000005 3835662
022 D000005 85872
022 A000006 MERRILL LYNCH
<PAGE> PAGE 4
022 B000006 13-5674085
022 C000006 3134552
022 D000006 80650
022 A000007 GOLDMAN SACHS & CO
022 B000007 13-5108880
022 C000007 2851431
022 D000007 121404
022 A000008 LEHMAN BROTHERS
022 B000008 13-2663822
022 C000008 2094488
022 D000008 2141
022 A000009 FIRST BOSTON
022 B000009 13-5659485
022 C000009 1234174
022 D000009 8299
022 A000010 STATE STREET BANK
022 B000010 04-1867445
022 C000010 679055
022 D000010 21651
023 C000000 47389084
023 D000000 964516
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
<PAGE> PAGE 5
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 Y
058 B00AA00 Y
058 C00AA00 N
058 D00AA00 N
058 E00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 GREAT AMERICAN INSURANCE COMPANY
080 C00AA00 10000
081 B00AA00 3
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
<PAGE> PAGE 6
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000101 A
008 C000101 801-563700
008 D010101 COLUMBUS
008 D020101 OH
008 D030101 43215
024 000100 Y
025 A000101 MORGAN STANLEY DEAN WITTER & CO.
025 B000101 13-5655998
025 C000101 E
025 D000101 23554
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 24629
028 A020100 0
028 A030100 0
028 A040100 17963
028 B010100 20828
028 B020100 0
028 B030100 0
028 B040100 27777
028 C010100 26642
028 C020100 4300
028 C030100 0
028 C040100 29733
028 D010100 16776
028 D020100 1
028 D030100 0
028 D040100 28212
028 E010100 31349
028 E020100 0
028 E030100 0
028 E040100 38340
028 F010100 24219
028 F020100 90725
028 F030100 0
028 F040100 61922
028 G010100 144443
028 G020100 95026
<PAGE> PAGE 7
028 G030100 0
028 G040100 203947
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 1000000
048 A020100 0.600
048 B010100 1000000
048 B020100 0.575
048 C010100 3000000
048 C020100 0.550
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 5000000
048 K020100 0.500
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
<PAGE> PAGE 8
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
<PAGE> PAGE 9
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 710270
071 B000100 790881
071 C000100 2371413
071 D000100 30
072 A000100 12
072 B000100 2054
072 C000100 31197
072 D000100 0
072 E000100 -241
072 F000100 14084
072 G000100 1069
072 H000100 0
072 I000100 242
072 J000100 63
072 K000100 0
072 L000100 0
072 M000100 24
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 1853
072 R000100 17
072 S000100 25
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 77
072 X000100 17454
072 Y000100 0
072 Z000100 15555
072AA000100 117359
072BB000100 0
072CC010100 26139
072CC020100 0
072DD010100 15661
072DD020100 0
072EE000100 89930
073 A010100 0.1200
073 A020100 0.0000
073 B000100 0.7200
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 50537
074 D000100 0
074 E000100 0
074 F000100 2355832
074 G000100 0
<PAGE> PAGE 10
074 H000100 0
074 I000100 0
074 J000100 40908
074 K000100 0
074 L000100 2526
074 M000100 12
074 N000100 2449815
074 O000100 28425
074 P000100 1617
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 36
074 S000100 0
074 T000100 2419737
074 U010100 128671
074 U020100 0
074 V010100 18.81
074 V020100 0.00
074 W000100 0.0000
074 X000100 18
074 Y000100 0
075 A000100 0
075 B000100 2424366
076 000100 0.00
008 A000201 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000201 A
008 C000201 801-563700
008 D010201 COLUMBUS
008 D020201 OH
008 D030201 43215
024 000200 Y
025 A000201 MERRILL LYNCH
025 B000201 13-5674085
025 C000201 E
025 D000201 10863
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 40326
028 A020200 0
028 A030200 0
028 A040200 22790
028 B010200 32924
028 B020200 0
028 B030200 0
<PAGE> PAGE 11
028 B040200 32921
028 C010200 15166
028 C020200 1799
028 C030200 0
028 C040200 41627
028 D010200 15445
028 D020200 1
028 D030200 0
028 D040200 13413
028 E010200 18803
028 E020200 0
028 E030200 0
028 E040200 17269
028 F010200 16045
028 F020200 72105
028 F030200 0
028 F040200 55487
028 G010200 138709
028 G020200 73905
028 G030200 0
028 G040200 183507
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1000000
048 A020200 0.600
048 B010200 1000000
048 B020200 0.575
048 C010200 3000000
048 C020200 0.550
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 5000000
048 K020200 0.500
049 000200 N
050 000200 N
051 000200 N
<PAGE> PAGE 12
052 000200 N
053 A000200 N
055 A000200 N
055 B000200 Y
056 000200 N
057 000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
<PAGE> PAGE 13
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 261923
071 B000200 296349
071 C000200 1060477
071 D000200 25
072 A000200 12
072 B000200 2134
072 C000200 12865
072 D000200 0
072 E000200 0
072 F000200 6580
072 G000200 540
072 H000200 0
072 I000200 110
072 J000200 50
072 K000200 0
072 L000200 0
072 M000200 11
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 852
072 R000200 11
072 S000200 12
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 32
072 X000200 8197
072 Y000200 0
072 Z000200 6802
072AA000200 62469
<PAGE> PAGE 14
072BB000200 0
072CC010200 0
072CC020200 26821
072DD010200 6894
072DD020200 0
072EE000200 70088
073 A010200 0.1700
073 A020200 0.0000
073 B000200 1.8000
073 C000200 0.0000
074 A000200 1
074 B000200 0
074 C000200 15476
074 D000200 534
074 E000200 0
074 F000200 1055760
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 1205
074 M000200 6
074 N000200 1072982
074 O000200 4390
074 P000200 737
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 16
074 S000200 0
074 T000200 1067839
074 U010200 41541
074 U020200 0
074 V010200 25.71
074 V020200 0.00
074 W000200 0.0000
074 X000200 19
074 Y000200 0
075 A000200 0
075 B000200 1100792
076 000200 0.00
008 A000301 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000301 A
008 C000301 801-563700
008 D010301 COLUMBUS
008 D020301 OH
008 D030301 43215
024 000300 N
028 A010300 24733
<PAGE> PAGE 15
028 A020300 0
028 A030300 0
028 A040300 16992
028 B010300 30430
028 B020300 0
028 B030300 0
028 B040300 20326
028 C010300 30469
028 C020300 10449
028 C030300 0
028 C040300 18048
028 D010300 23963
028 D020300 11
028 D030300 0
028 D040300 33762
028 E010300 17589
028 E020300 0
028 E030300 0
028 E040300 35768
028 F010300 22939
028 F020300 12188
028 F030300 0
028 F040300 21445
028 G010300 150123
028 G020300 22649
028 G030300 0
028 G040300 146341
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 1000000
048 A020300 0.500
048 B010300 1000000
048 B020300 0.475
048 C010300 3000000
048 C020300 0.450
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
<PAGE> PAGE 16
048 J020300 0.000
048 K010300 5000000
048 K020300 0.400
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 1.5
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 24.4
062 N000300 37.7
062 O000300 0.0
062 P000300 0.0
062 Q000300 35.1
062 R000300 0.0
063 A000300 0
063 B000300 9.0
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
<PAGE> PAGE 17
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 475964
071 B000300 380778
071 C000300 737791
071 D000300 52
072 A000300 12
072 B000300 46867
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 3868
072 G000300 387
072 H000300 0
072 I000300 77
072 J000300 29
072 K000300 0
072 L000300 0
072 M000300 8
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 594
072 R000300 5
072 S000300 8
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 28
<PAGE> PAGE 18
072 X000300 5004
072 Y000300 0
072 Z000300 41863
072AA000300 1409
072BB000300 0
072CC010300 0
072CC020300 61093
072DD010300 42012
072DD020300 0
072EE000300 1463
073 A010300 0.6100
073 A020300 0.0000
073 B000300 0.0200
073 C000300 0.0000
074 A000300 0
074 B000300 11675
074 C000300 0
074 D000300 748177
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 10578
074 M000300 3
074 N000300 770433
074 O000300 0
074 P000300 462
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 14
074 S000300 0
074 T000300 769957
074 U010300 71327
074 U020300 0
074 V010300 10.79
074 V020300 0.00
074 W000300 0.0000
074 X000300 17
074 Y000300 0
075 A000300 0
075 B000300 773860
076 000300 0.00
008 A000401 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000401 A
008 C000401 801-563700
008 D010401 COLUMBUS
<PAGE> PAGE 19
008 D020401 OH
008 D030401 43215
024 000400 Y
025 A000401 MORGAN STANLEY DEAN WITTER & CO.
025 B000401 13-2655998
025 C000401 D
025 D000401 59710
025 A000402 SALOMON SMITH BARNEY
025 B000402 13-5365580
025 C000402 D
025 D000402 58362
025 A000403 GOLDMAN SACHS GROUP
025 B000403 13-5108880
025 C000403 D
025 D000403 55727
025 A000404 MERRILL LYNCH
025 B000404 13-5674085
025 C000404 D
025 D000404 53873
025 A000405 BEAR STEARNS CO.
025 B000405 13-3299429
025 C000405 D
025 D000405 47862
025 A000406 J.P. MORGAN & CO.
025 B000406 13-3224016
025 C000406 D
025 D000406 46814
025 D000407 0
025 D000408 0
028 A010400 437412
028 A020400 6277
028 A030400 0
028 A040400 488279
028 B010400 936988
028 B020400 7968
028 B030400 0
028 B040400 570563
028 C010400 693157
028 C020400 8329
028 C030400 0
028 C040400 535843
028 D010400 659284
028 D020400 8947
028 D030400 0
028 D040400 770246
028 E010400 489914
028 E020400 7527
028 E030400 0
028 E040400 688761
028 F010400 731533
028 F020400 8784
<PAGE> PAGE 20
028 F030400 0
028 F040400 515194
028 G010400 3948288
028 G020400 47832
028 G030400 0
028 G040400 3568886
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 1000000
048 A020400 0.400
048 B010400 1000000
048 B020400 0.380
048 C010400 3000000
048 C020400 0.360
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 5000000
048 K020400 0.340
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
055 A000400 N
055 B000400 Y
056 000400 N
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 11.3
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 87.3
<PAGE> PAGE 21
062 J000400 0.0
062 K000400 0.0
062 L000400 1.4
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 27
063 B000400 0.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
<PAGE> PAGE 22
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
072 B000400 92792
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 6844
072 G000400 800
072 H000400 0
072 I000400 175
072 J000400 76
072 K000400 0
072 L000400 0
072 M000400 15
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 1480
072 R000400 6
072 S000400 22
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 51
072 X000400 9469
072 Y000400 0
072 Z000400 83322
072AA000400 11
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 83322
072DD020400 0
072EE000400 0
073 A010400 0.0500
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 2128050
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
<PAGE> PAGE 23
074 H000400 0
074 I000400 0
074 J000400 98
074 K000400 0
074 L000400 362
074 M000400 6
074 N000400 2128516
074 O000400 0
074 P000400 983
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 33
074 S000400 0
074 T000400 2127500
074 U010400 2127496
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 1.0000
074 X000400 20
074 Y000400 0
075 A000400 1747975
075 B000400 0
076 000400 0.00
008 A000501 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000501 A
008 C000501 801-563700
008 D010501 COLUMBUS
008 D020501 OH
008 D030501 43215
008 A000502 NEUBERGER & BERMAN, LLC
008 B000502 S
008 C000502 801-390800
008 D010502 NEW YORK
008 D020502 NY
008 D030502 10158
008 D040502 3698
008 A000503 STRONG CAPITAL MANAGEMENT, INC
008 B000503 S
008 C000503 801-107240
008 D010503 MILWAUKEE
008 D020503 WI
008 D030503 53201
008 A000504 LAZARD ASSET MANAGEMENT
008 B000504 S
008 C000504 801-6568
008 D010504 NEW YORK
008 D020504 NY
008 D030504 10112
<PAGE> PAGE 24
008 A000505 CREDIT SUISSE ASSET MANANGEMENT LLC
008 B000505 S
008 C000505 801-6568
008 D010505 NEW YORK
008 D020505 NY
008 D030505 10017
008 A000506 THE DREYFUS CORPORATION
008 B000506 S
008 C000506 801-8147
008 D010506 NEW YORK
008 D020506 NY
008 D030506 10166
024 000500 N
028 A010500 38845
028 A020500 0
028 A030500 0
028 A040500 38547
028 B010500 28061
028 B020500 0
028 B030500 0
028 B040500 34052
028 C010500 46341
028 C020500 0
028 C030500 0
028 C040500 39619
028 D010500 48325
028 D020500 0
028 D030500 0
028 D040500 36556
028 E010500 56294
028 E020500 0
028 E030500 0
028 E040500 38494
028 F010500 41639
028 F020500 21327
028 F030500 0
028 F040500 41318
028 G010500 259505
028 G020500 21327
028 G030500 0
028 G040500 228586
028 H000500 0
045 000500 Y
046 000500 Y
047 000500 Y
048 000500 1.000
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
<PAGE> PAGE 25
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 Y
066 C000500 N
066 D000500 N
066 E000500 N
<PAGE> PAGE 26
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 501926
071 B000500 518482
071 C000500 372506
071 D000500 135
072 A000500 12
072 B000500 1177
072 C000500 2816
072 D000500 0
072 E000500 -130
<PAGE> PAGE 27
072 F000500 3806
072 G000500 89
072 H000500 0
072 I000500 39
072 J000500 85
072 K000500 0
072 L000500 0
072 M000500 4
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 313
072 R000500 0
072 S000500 20
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 127
072 X000500 4483
072 Y000500 0
072 Z000500 -620
072AA000500 64557
072BB000500 0
072CC010500 95485
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 21327
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.8900
073 C000500 0.0000
074 A000500 29
074 B000500 11696
074 C000500 9691
074 D000500 0
074 E000500 2061
074 F000500 518546
074 G000500 0
074 H000500 0
074 I000500 32
074 J000500 2238
074 K000500 0
074 L000500 298
074 M000500 2
074 N000500 544593
074 O000500 1525
074 P000500 491
074 Q000500 0
074 R010500 0
074 R020500 0
<PAGE> PAGE 28
074 R030500 0
074 R040500 40
074 S000500 0
074 T000500 542537
074 U010500 24525
074 U020500 0
074 V010500 22.12
074 V020500 0.00
074 W000500 0.0000
074 X000500 19
074 Y000500 0
075 A000500 0
075 B000500 390041
076 000500 0.00
008 A000601 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000601 A
008 C000601 801-563700
008 D010601 COLUMBUS
008 D020601 OH
008 D030601 43215
008 A000602 NCM CAPITAL MANAGEMENT GROUP, INC.
008 B000602 S
008 C000602 801-28196
008 D010602 DURHAM
008 D020602 NC
008 D030602 27701
008 A000603 SMITH GRAHAM & COMPANY ASSET MANAGERS, L.P.
008 B000603 S
008 C000603 801-36485
008 D010603 HOUSTON
008 D020603 TX
008 D030603 77002
024 000600 Y
025 A000601 MORGAN STANLEY DEAN WITTER & CO.
025 B000601 13-5655998
025 C000601 D
025 D000601 96
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 295
028 A020600 0
028 A030600 0
028 A040600 352
028 B010600 381
028 B020600 0
028 B030600 0
<PAGE> PAGE 29
028 B040600 136
028 C010600 217
028 C020600 84
028 C030600 0
028 C040600 238
028 D010600 1142
028 D020600 0
028 D030600 0
028 D040600 186
028 E010600 461
028 E020600 0
028 E030600 0
028 E040600 132
028 F010600 357
028 F020600 90
028 F030600 0
028 F040600 176
028 G010600 2853
028 G020600 174
028 G030600 0
028 G040600 1220
028 H000600 0
045 000600 Y
046 000600 Y
047 000600 Y
048 000600 0.450
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
<PAGE> PAGE 30
052 000600 N
053 A000600 Y
053 B000600 Y
055 A000600 N
055 B000600 Y
056 000600 Y
057 000600 N
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 2.4
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 78.3
062 N000600 3.3
062 O000600 0.0
062 P000600 9.9
062 Q000600 4.4
062 R000600 0.0
063 A000600 0
063 B000600 5.9
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
<PAGE> PAGE 31
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 9428
071 B000600 5582
071 C000600 6316
071 D000600 88
072 A000600 12
072 B000600 373
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 31
072 G000600 5
072 H000600 0
072 I000600 1
072 J000600 5
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 8
072 S000600 1
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 10
072 X000600 61
072 Y000600 10
072 Z000600 321
072AA000600 0
072BB000600 84
<PAGE> PAGE 32
072CC010600 0
072CC020600 365
072DD010600 312
072DD020600 0
072EE000600 10
073 A010600 0.4300
073 A020600 0.0000
073 B000600 0.0100
073 C000600 0.0000
074 A000600 1
074 B000600 202
074 C000600 0
074 D000600 8183
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 148
074 M000600 0
074 N000600 8534
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 1
074 S000600 0
074 T000600 8533
074 U010600 889
074 U020600 0
074 V010600 9.60
074 V020600 0.00
074 W000600 0.0000
074 X000600 8
074 Y000600 0
075 A000600 0
075 B000600 6870
076 000600 0.00
008 A000701 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000701 A
008 C000701 801-563700
008 D010701 COLUMBUS
008 D020701 OH
008 D030701 43215
008 A000702 STRONG CAPITAL MANAGEMENT, INC.
008 B000702 S
008 C000702 801-107240
<PAGE> PAGE 33
008 D010702 MILWAUKEE
008 D020702 WI
008 D030702 53201
024 000700 Y
025 A000701 LEHMAN BROTHERS HOLDINGS, INC.
025 B000701 13-2518466
025 C000701 E
025 D000701 1567
025 A000702 PAINE WEBBER GROUP, INC.
025 B000702 13-2638166
025 C000702 E
025 D000702 1145
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 4295
028 A020700 0
028 A030700 0
028 A040700 1003
028 B010700 6426
028 B020700 0
028 B030700 0
028 B040700 904
028 C010700 6378
028 C020700 0
028 C030700 0
028 C040700 1136
028 D010700 8538
028 D020700 0
028 D030700 0
028 D040700 2308
028 E010700 12378
028 E020700 0
028 E030700 0
028 E040700 1091
028 F010700 20131
028 F020700 4972
028 F030700 0
028 F040700 3030
028 G010700 58146
028 G020700 4972
028 G030700 0
028 G040700 9472
028 H000700 0
045 000700 Y
046 000700 Y
047 000700 Y
048 000700 0.900
<PAGE> PAGE 34
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 Y
<PAGE> PAGE 35
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 246296
071 B000700 191570
071 C000700 390450
071 D000700 638
072 A000700 12
<PAGE> PAGE 36
072 B000700 224
072 C000700 46
072 D000700 0
072 E000700 0
072 F000700 284
072 G000700 22
072 H000700 0
072 I000700 3
072 J000700 26
072 K000700 0
072 L000700 0
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 36
072 R000700 8
072 S000700 1
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 8
072 X000700 388
072 Y000700 73
072 Z000700 -46
072AA000700 14236
072BB000700 0
072CC010700 14036
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 4972
073 A010700 0.0000
073 A020700 0.0000
073 B000700 1.1200
073 C000700 0.0000
074 A000700 0
074 B000700 11295
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 92997
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 3029
074 K000700 0
074 L000700 13
074 M000700 0
074 N000700 107334
074 O000700 8175
<PAGE> PAGE 37
074 P000700 62
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 6
074 S000700 0
074 T000700 99091
074 U010700 4849
074 U020700 0
074 V010700 20.44
074 V020700 0.00
074 W000700 0.0000
074 X000700 5
074 Y000700 0
075 A000700 0
075 B000700 31546
076 000700 0.00
008 A000801 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000801 A
008 C000801 801-563700
008 D010801 COLUMBUS
008 D020801 OH
008 D030801 43215
008 A000802 STRONG CAPITAL MANAGEMENT, INC.
008 B000802 S
008 C000802 801-107240
008 D010802 MILWAUKEE
008 D020802 WI
008 D030802 53201
024 000800 Y
025 A000801 MERRILL LYNCH & CO., INC.
025 B000801 13-5674085
025 C000801 E
025 D000801 543
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 488
028 A020800 0
028 A030800 0
028 A040800 983
028 B010800 1170
028 B020800 0
028 B030800 0
028 B040800 164
028 C010800 438
<PAGE> PAGE 38
028 C020800 33
028 C030800 0
028 C040800 152
028 D010800 333
028 D020800 0
028 D030800 0
028 D040800 130
028 E010800 1060
028 E020800 0
028 E030800 0
028 E040800 874
028 F010800 1119
028 F020800 295903
028 F030800 0
028 F040800 297
028 G010800 4608
028 G020800 295936
028 G030800 0
028 G040800 2600
028 H000800 0
045 000800 Y
046 000800 Y
047 000800 Y
048 000800 0.900
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
<PAGE> PAGE 39
053 B000800 Y
055 A000800 N
055 B000800 Y
056 000800 Y
057 000800 N
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 Y
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
<PAGE> PAGE 40
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 19554
071 B000800 17358
071 C000800 15320
071 D000800 113
072 A000800 12
072 B000800 30
072 C000800 270
072 D000800 0
072 E000800 -5
072 F000800 142
072 G000800 11
072 H000800 0
072 I000800 2
072 J000800 10
072 K000800 0
072 L000800 0
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 12
072 R000800 8
072 S000800 1
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 6
072 X000800 192
072 Y000800 35
072 Z000800 138
<PAGE> PAGE 41
072AA000800 0
072BB000800 315
072CC010800 0
072CC020800 364
072DD010800 132
072DD020800 0
072EE000800 496
073 A010800 0.0800
073 A020800 0.0000
073 B000800 0.3100
073 C000800 0.0000
074 A000800 0
074 B000800 484
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 16766
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 18
074 M000800 0
074 N000800 17268
074 O000800 0
074 P000800 12
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 2
074 S000800 0
074 T000800 17254
074 U010800 1833
074 U020800 0
074 V010800 9.41
074 V020800 0.00
074 W000800 0.0000
074 X000800 7
074 Y000800 0
075 A000800 0
075 B000800 15734
076 000800 0.00
008 A000901 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B000901 A
008 C000901 801-563700
008 D010901 COLUMBUS
008 D020901 OH
008 D030901 43215
008 A000902 FEDERATED INVESTMENT COUNSELING
<PAGE> PAGE 42
008 B000902 S
008 C000902 801-34611
008 D010902 PITTSBURGH
008 D020902 PA
008 D030902 15222
024 000900 Y
025 A000901 MERRILL LYNCH & CO., INC.
025 B000901 13-5674085
025 C000901 E
025 D000901 284
025 A000902 MORGAN STANLEY DEAN WITTER & CO.
025 B000902 13-2655998
025 C000902 E
025 D000902 485
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 1213
028 A020900 0
028 A030900 0
028 A040900 26
028 B010900 943
028 B020900 0
028 B030900 0
028 B040900 41
028 C010900 933
028 C020900 10
028 C030900 0
028 C040900 26
028 D010900 847
028 D020900 0
028 D030900 0
028 D040900 111
028 E010900 790
028 E020900 0
028 E030900 0
028 E040900 409
028 F010900 1185
028 F020900 21
028 F030900 0
028 F040900 29
028 G010900 5911
028 G020900 31
028 G030900 0
028 G040900 642
028 H000900 0
045 000900 Y
046 000900 Y
<PAGE> PAGE 43
047 000900 Y
048 000900 0.800
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
055 A000900 N
055 B000900 N
056 000900 Y
057 000900 N
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
<PAGE> PAGE 44
062 R000900 0.0
063 A000900 0
063 B000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 N
066 F000900 Y
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 19965
<PAGE> PAGE 45
071 B000900 9120
071 C000900 20194
071 D000900 45
072 A000900 12
072 B000900 -148
072 C000900 438
072 D000900 0
072 E000900 0
072 F000900 168
072 G000900 15
072 H000900 0
072 I000900 2
072 J000900 8
072 K000900 0
072 L000900 0
072 M000900 0
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 18
072 R000900 8
072 S000900 1
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 9
072 X000900 229
072 Y000900 29
072 Z000900 90
072AA000900 0
072BB000900 483
072CC010900 4233
072CC020900 0
072DD010900 78
072DD020900 0
072EE000900 12
073 A010900 0.0400
073 A020900 0.0000
073 B000900 0.0100
073 C000900 0.0000
074 A000900 0
074 B000900 1315
074 C000900 0
074 D000900 4185
074 E000900 3510
074 F000900 20458
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
<PAGE> PAGE 46
074 L000900 31
074 M000900 0
074 N000900 29499
074 O000900 289
074 P000900 19
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 2
074 S000900 0
074 T000900 29189
074 U010900 2157
074 U020900 0
074 V010900 13.53
074 V020900 0.00
074 W000900 0.0000
074 X000900 7
074 Y000900 0
075 A000900 0
075 B000900 21045
076 000900 0.00
008 A001001 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B001001 A
008 C001001 801-563700
008 D011001 COLUMBUS
008 D021001 OH
008 D031001 43215
008 A001002 FEDERATED INVESTMENT COUNSELING
008 B001002 S
008 C001002 801-34611
008 D011002 PITTSBURGH
008 D021002 PA
008 D031002 15222
024 001000 N
028 A011000 14250
028 A021000 0
028 A031000 0
028 A041000 11985
028 B011000 3163
028 B021000 0
028 B031000 0
028 B041000 814
028 C011000 4271
028 C021000 1319
028 C031000 0
028 C041000 3155
028 D011000 2888
028 D021000 0
028 D031000 0
028 D041000 511
<PAGE> PAGE 47
028 E011000 3311
028 E021000 0
028 E031000 0
028 E041000 866
028 F011000 1890
028 F021000 1414
028 F031000 0
028 F041000 518
028 G011000 29773
028 G021000 2733
028 G031000 0
028 G041000 17849
028 H001000 0
045 001000 Y
046 001000 Y
047 001000 Y
048 001000 0.800
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
055 A001000 N
055 B001000 N
056 001000 Y
057 001000 N
062 A001000 Y
062 B001000 0.0
<PAGE> PAGE 48
062 C001000 0.0
062 D001000 4.9
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 90.9
062 Q001000 2.7
062 R001000 2.5
063 A001000 0
063 B001000 3.8
064 A001000 N
064 B001000 N
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 N
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 N
<PAGE> PAGE 49
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 38974
071 B001000 10775
071 C001000 48888
071 D001000 22
072 A001000 12
072 B001000 4976
072 C001000 123
072 D001000 0
072 E001000 0
072 F001000 418
072 G001000 37
072 H001000 0
072 I001000 5
072 J001000 8
072 K001000 0
072 L001000 0
072 M001000 0
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 41
072 R001000 8
072 S001000 3
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 80
072 X001000 600
072 Y001000 104
072 Z001000 4603
072AA001000 0
072BB001000 372
072CC011000 0
072CC021000 2804
072DD011000 4593
072DD021000 0
072EE001000 24
073 A011000 0.8300
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
<PAGE> PAGE 50
074 A001000 2
074 B001000 3170
074 C001000 0
074 D001000 58831
074 E001000 1612
074 F001000 0
074 G001000 0
074 H001000 0
074 I001000 64
074 J001000 0
074 K001000 0
074 L001000 1123
074 M001000 0
074 N001000 64802
074 O001000 0
074 P001000 37
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 11
074 S001000 0
074 T001000 64754
074 U011000 6799
074 U021000 0
074 V011000 9.52
074 V021000 0.00
074 W001000 0.0000
074 X001000 8
074 Y001000 0
075 A001000 0
075 B001000 52219
076 001000 0.00
008 A001101 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B001101 A
008 C001101 801-563700
008 D011101 COLUMBUS
008 D021101 OH
008 D031101 43215
008 A001102 SALOMON BROTHERS ASSET MANAGEMENT, INC.
008 B001102 S
008 C001102 801-32046
008 D011102 NEW YORK
008 D021102 NY
008 D031102 10048
024 001100 Y
025 A001101 DONALDSON, LUFKIN & JENRETTE, INC.
025 B001101 13-2741729
025 C001101 D
025 D001101 146
025 A001102 LEHMAN BROTHERS HOLDINGS, INC.
<PAGE> PAGE 51
025 B001102 13-2518466
025 C001102 D
025 D001102 819
025 A001103 MERRILL LYNCH & CO., INC.
025 B001103 13-5674085
025 C001103 D
025 D001103 403
025 A001104 PAINE WEBBER GROUP, INC.
025 B001104 13-2638166
025 C001104 D
025 D001104 585
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 3812
028 A021100 0
028 A031100 0
028 A041100 17
028 B011100 4599
028 B021100 0
028 B031100 0
028 B041100 66
028 C011100 2966
028 C021100 653
028 C031100 0
028 C041100 281
028 D011100 4596
028 D021100 3
028 D031100 0
028 D041100 300
028 E011100 3525
028 E021100 0
028 E031100 0
028 E041100 947
028 F011100 2467
028 F021100 638
028 F031100 0
028 F041100 3149
028 G011100 21965
028 G021100 1294
028 G031100 0
028 G041100 4760
028 H001100 0
045 001100 Y
046 001100 Y
047 001100 Y
048 001100 0.750
048 A011100 0
048 A021100 0.000
048 B011100 0
<PAGE> PAGE 52
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
055 A001100 N
055 B001100 N
056 001100 Y
057 001100 N
062 A001100 Y
062 B001100 0.0
062 C001100 0.0
062 D001100 18.3
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 6.1
062 N001100 14.5
062 O001100 0.0
062 P001100 17.0
062 Q001100 16.3
062 R001100 55.0
063 A001100 0
063 B001100 10.3
064 A001100 N
064 B001100 N
<PAGE> PAGE 53
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 N
066 F001100 Y
066 G001100 N
067 001100 Y
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 96782
071 B001100 56231
071 C001100 54232
071 D001100 104
<PAGE> PAGE 54
072 A001100 12
072 B001100 2213
072 C001100 650
072 D001100 0
072 E001100 -4
072 F001100 469
072 G001100 44
072 H001100 0
072 I001100 6
072 J001100 11
072 K001100 0
072 L001100 0
072 M001100 1
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 55
072 R001100 8
072 S001100 3
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 24
072 X001100 621
072 Y001100 58
072 Z001100 2296
072AA001100 0
072BB001100 456
072CC011100 0
072CC021100 1965
072DD011100 2254
072DD021100 0
072EE001100 12
073 A011100 0.3600
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 1
074 B001100 14313
074 C001100 0
074 D001100 30774
074 E001100 535
074 F001100 43028
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 418
074 M001100 0
074 N001100 89069
<PAGE> PAGE 55
074 O001100 10857
074 P001100 50
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 5
074 S001100 0
074 T001100 78157
074 U011100 7580
074 U021100 0
074 V011100 10.31
074 V021100 0.00
074 W001100 0.0000
074 X001100 6
074 Y001100 0
075 A001100 0
075 B001100 62599
076 001100 0.00
008 A001201 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B001201 A
008 C001201 801-563700
008 D011201 COLUMBUS
008 D021201 OH
008 D031201 43215
008 A001202 SALOMON BROTHERS ASSET MANAGEMENT, INC.
008 B001202 S
008 C001202 801-32046
008 D011202 NEW YORK
008 D021202 NY
008 D031202 10048
024 001200 Y
025 A001201 PAINE WEBBER GROUP
025 B001201 13-2638166
025 C001201 D
025 D001201 586
025 A001202 MERRILL LYNCH & CO., INC.'
025 B001202 13-5674085
025 C001202 D
025 D001202 581
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 4861
028 A021200 0
028 A031200 0
028 A041200 214
028 B011200 5908
<PAGE> PAGE 56
028 B021200 0
028 B031200 0
028 B041200 768
028 C011200 2940
028 C021200 962
028 C031200 0
028 C041200 862
028 D011200 2989
028 D021200 3
028 D031200 0
028 D041200 339
028 E011200 5479
028 E021200 0
028 E031200 0
028 E041200 144
028 F011200 2713
028 F021200 1173
028 F031200 0
028 F041200 2084
028 G011200 24890
028 G021200 2138
028 G031200 0
028 G041200 4411
028 H001200 0
045 001200 Y
046 001200 Y
047 001200 Y
048 001200 0.750
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
<PAGE> PAGE 57
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 Y
055 A001200 N
055 B001200 N
056 001200 Y
057 001200 N
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 1.1
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 21.9
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 10.4
062 N001200 19.8
062 O001200 0.0
062 P001200 27.0
062 Q001200 57.3
062 R001200 0.0
063 A001200 0
063 B001200 10.1
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
<PAGE> PAGE 58
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 0
071 B001200 116039
071 C001200 48045
071 D001200 242
072 A001200 12
072 B001200 4192
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 397
072 G001200 37
072 H001200 0
072 I001200 5
072 J001200 23
072 K001200 0
072 L001200 0
072 M001200 0
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 47
072 R001200 8
072 S001200 3
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 20
072 X001200 541
072 Y001200 65
072 Z001200 3716
<PAGE> PAGE 59
072AA001200 0
072BB001200 1283
072CC011200 0
072CC021200 1183
072DD011200 3541
072DD021200 0
072EE001200 0
073 A011200 0.5900
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 1
074 B001200 810
074 C001200 15948
074 D001200 68996
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 18
074 J001200 0
074 K001200 0
074 L001200 1420
074 M001200 2
074 N001200 87195
074 O001200 14283
074 P001200 43
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 7
074 S001200 0
074 T001200 72862
074 U011200 7775
074 U021200 0
074 V011200 9.37
074 V021200 0.00
074 W001200 0.0000
074 X001200 6
074 Y001200 0
075 A001200 0
075 B001200 52886
076 001200 0.00
008 A001301 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B001301 A
008 C001301 801-563700
008 D011301 COLUMBUS
008 D021301 OH
008 D031301 43216
008 A001302 DREYFUS CORPORATION
<PAGE> PAGE 60
008 B001302 S
008 C001302 801-8147
008 D011302 NEW YORK
008 D021302 NY
008 D031302 10166
024 001300 N
028 A011300 41741
028 A021300 0
028 A031300 0
028 A041300 36045
028 B011300 44574
028 B021300 0
028 B031300 0
028 B041300 18005
028 C011300 20218
028 C021300 0
028 C031300 0
028 C041300 13907
028 D011300 28629
028 D021300 0
028 D031300 0
028 D041300 27537
028 E011300 28519
028 E021300 0
028 E031300 0
028 E041300 31683
028 F011300 8830
028 F021300 18488
028 F031300 0
028 F041300 26469
028 G011300 172511
028 G021300 18488
028 G031300 0
028 G041300 153646
028 H001300 0
045 001300 Y
046 001300 Y
047 001300 Y
048 001300 0.900
048 A011300 0
048 A021300 0.000
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
<PAGE> PAGE 61
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
055 A001300 N
055 B001300 Y
056 001300 Y
057 001300 N
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
063 B001300 0.0
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
<PAGE> PAGE 62
070 A011300 Y
070 A021300 Y
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 311237
071 B001300 248578
071 C001300 91976
071 D001300 270
072 A001300 12
072 B001300 158
072 C001300 577
072 D001300 0
072 E001300 0
072 F001300 863
072 G001300 67
072 H001300 0
072 I001300 9
072 J001300 150
072 K001300 0
<PAGE> PAGE 63
072 L001300 0
072 M001300 1
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 99
072 R001300 8
072 S001300 4
072 T001300 0
072 U001300 0
072 V001300 0
072 W001300 20
072 X001300 1222
072 Y001300 215
072 Z001300 -272
072AA001300 22620
072BB001300 0
072CC011300 0
072CC021300 203
072DD011300 0
072DD021300 0
072EE001300 21000
073 A011300 0.0000
073 A021300 0.0000
073 B001300 2.1300
073 C001300 0.0000
074 A001300 1
074 B001300 3170
074 C001300 0
074 D001300 0
074 E001300 0
074 F001300 128722
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 87
074 K001300 0
074 L001300 18
074 M001300 0
074 N001300 131998
074 O001300 0
074 P001300 49
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 20
074 S001300 0
074 T001300 131929
074 U011300 13567
074 U021300 0
<PAGE> PAGE 64
074 V011300 9.72
074 V021300 0.00
074 W001300 0.0000
074 X001300 12
074 Y001300 0
075 A001300 0
075 B001300 95890
076 001300 0.00
008 A001401 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B001401 A
008 C001401 801-563700
008 D011401 COLUMBUS
008 D021401 OH
008 D031401 43215
008 A001402 J.P. MORGAN INVESTMENT MANAGEMENT, INC.
008 B001402 S
008 C001402 801-21011
008 D011402 NEW YORK
008 D021402 NY
008 D031402 10036
024 001400 N
028 A011400 3921
028 A021400 0
028 A031400 0
028 A041400 56
028 B011400 6437
028 B021400 0
028 B031400 0
028 B041400 209
028 C011400 2901
028 C021400 0
028 C031400 0
028 C041400 430
028 D011400 2580
028 D021400 0
028 D031400 0
028 D041400 1117
028 E011400 2627
028 E021400 0
028 E031400 0
028 E041400 367
028 F011400 3515
028 F021400 1850
028 F031400 0
028 F041400 217
028 G011400 21981
028 G021400 1850
028 G031400 0
028 G041400 2396
028 H001400 0
045 001400 Y
<PAGE> PAGE 65
046 001400 Y
047 001400 Y
048 001400 1.000
048 A011400 0
048 A021400 0.000
048 B011400 0
048 B021400 0.000
048 C011400 0
048 C021400 0.000
048 D011400 0
048 D021400 0.000
048 E011400 0
048 E021400 0.000
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 0
048 K021400 0.000
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
055 A001400 N
055 B001400 Y
056 001400 Y
057 001400 N
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
<PAGE> PAGE 66
062 Q001400 0.0
062 R001400 0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 N
066 E001400 N
066 F001400 N
066 G001400 Y
067 001400 N
068 A001400 N
068 B001400 Y
069 001400 N
070 A011400 Y
070 A021400 Y
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 Y
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 57817
071 B001400 28151
<PAGE> PAGE 67
071 C001400 35537
071 D001400 79
072 A001400 12
072 B001400 61
072 C001400 525
072 D001400 0
072 E001400 -35
072 F001400 366
072 G001400 26
072 H001400 0
072 I001400 4
072 J001400 110
072 K001400 0
072 L001400 0
072 M001400 0
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 31
072 R001400 0
072 S001400 0
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 19
072 X001400 565
072 Y001400 126
072 Z001400 112
072AA001400 2610
072BB001400 0
072CC011400 6072
072CC021400 0
072DD011400 119
072DD021400 0
072EE001400 1920
073 A011400 0.0500
073 A021400 0.0000
073 B001400 0.4800
073 C001400 0.0000
074 A001400 0
074 B001400 1604
074 C001400 0
074 D001400 0
074 E001400 220
074 F001400 58606
074 G001400 0
074 H001400 0
074 I001400 32
074 J001400 40
074 K001400 0
074 L001400 73
<PAGE> PAGE 68
074 M001400 370
074 N001400 60945
074 O001400 60
074 P001400 24
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 21
074 S001400 0
074 T001400 60840
074 U011400 4380
074 U021400 0
074 V011400 13.89
074 V021400 0.00
074 W001400 0.0000
074 X001400 8
074 Y001400 0
075 A001400 0
075 B001400 36599
076 001400 0.00
008 A001501 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B001501 A
008 C001501 801-563700
008 D011501 COLUMBUS
008 D021501 OH
008 D031501 43215
008 A001502 FIRST PACIFIC ADVISORS, INC.
008 B001502 S
008 C001502 801-39512
008 D011502 LOS ANGELES
008 D021502 CA
008 D031502 90064
008 A001503 PILGRIM BAXTER & ASSOCIATES, LTD.
008 B001503 S
008 C001503 801-48872
008 D011503 WAYNE
008 D021503 PA
008 D031503 19087
008 A001504 RICE, HALL, JAMES & ASSOCIATES
008 B001504 S
008 C001504 801-30441
008 D011504 SAN DIEGO
008 D021504 CA
008 D031504 92102
024 001500 N
028 A011500 666
028 A021500 0
028 A031500 0
028 A041500 1
028 B011500 720
<PAGE> PAGE 69
028 B021500 0
028 B031500 0
028 B041500 12
028 C011500 742
028 C021500 0
028 C031500 0
028 C041500 749
028 D011500 648
028 D021500 0
028 D031500 0
028 D041500 413
028 E011500 719
028 E021500 0
028 E031500 0
028 E041500 179
028 F011500 2030
028 F021500 1260
028 F031500 0
028 F041500 177
028 G011500 5525
028 G021500 1260
028 G031500 0
028 G041500 1531
028 H001500 0
045 001500 Y
046 001500 Y
047 001500 Y
048 001500 1.050
048 A011500 0
048 A021500 0.000
048 B011500 0
048 B021500 0.000
048 C011500 0
048 C021500 0.000
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 0
048 K021500 0.000
049 001500 N
<PAGE> PAGE 70
050 001500 N
051 001500 N
052 001500 N
053 A001500 Y
053 B001500 Y
055 A001500 N
055 B001500 N
056 001500 Y
057 001500 N
062 A001500 N
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
066 A001500 Y
066 B001500 N
066 C001500 Y
066 D001500 N
066 E001500 N
066 F001500 N
066 G001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 Y
070 A011500 Y
070 A021500 Y
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
<PAGE> PAGE 71
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 Y
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500 43261
071 B001500 35896
071 C001500 13055
071 D001500 275
072 A001500 12
072 B001500 108
072 C001500 100
072 D001500 0
072 E001500 0
072 F001500 124
072 G001500 10
072 H001500 0
072 I001500 1
072 J001500 30
072 K001500 0
072 L001500 0
072 M001500 0
072 N001500 0
072 O001500 0
072 P001500 0
072 Q001500 9
072 R001500 8
072 S001500 1
072 T001500 0
072 U001500 0
072 V001500 0
072 W001500 63
072 X001500 246
<PAGE> PAGE 72
072 Y001500 101
072 Z001500 63
072AA001500 1740
072BB001500 0
072CC011500 1208
072CC021500 0
072DD011500 37
072DD021500 0
072EE001500 1249
073 A011500 0.0300
073 A021500 0.0000
073 B001500 0.8300
073 C001500 0.0000
074 A001500 0
074 B001500 126
074 C001500 0
074 D001500 0
074 E001500 0
074 F001500 19564
074 G001500 0
074 H001500 0
074 I001500 649
074 J001500 69
074 K001500 22
074 L001500 30
074 M001500 0
074 N001500 20460
074 O001500 137
074 P001500 2
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 63
074 S001500 0
074 T001500 20258
074 U011500 1645
074 U021500 0
074 V011500 12.32
074 V021500 0.00
074 W001500 0.0000
074 X001500 7
074 Y001500 0
075 A001500 0
075 B001500 14114
076 001500 0.00
008 A001601 VILLANOVA MUTUAL FUND CAPITAL TRUST
008 B001601 A
008 C001601 801-563700
008 D011601 COLUMBUS
008 D021601 OH
<PAGE> PAGE 73
008 D031601 43215
008 A001602 FRANKLIN ADVISERS, INC.
008 B001602 S
008 C001602 801-26292
008 D011602 SAN MATEO
008 D021602 CA
008 D031602 94404
008 A001603 MILLER ANDERSON & SHERRERD, LLP
008 B001603 S
008 C001603 801-10437
008 D011603 W COHSHOHOCKEN
008 D021603 PA
008 D031603 19428
008 A001604 NEUBERGER BERMAN LLC
008 B001604 S
008 C001604 801-390800
008 D011604 NEW YORK
008 D021604 NY
008 D031604 10158
008 D041604 3698
024 001600 N
028 A011600 1698
028 A021600 0
028 A031600 0
028 A041600 865
028 B011600 805
028 B021600 0
028 B031600 0
028 B041600 402
028 C011600 2295
028 C021600 0
028 C031600 0
028 C041600 2063
028 D011600 2356
028 D021600 0
028 D031600 0
028 D041600 1201
028 E011600 3995
028 E021600 0
028 E031600 0
028 E041600 1062
028 F011600 16274
028 F021600 713
028 F031600 0
028 F041600 11945
028 G011600 27423
028 G021600 713
028 G031600 0
028 G041600 17538
028 H001600 0
045 001600 Y
<PAGE> PAGE 74
046 001600 Y
047 001600 Y
048 001600 1.100
048 A011600 0
048 A021600 0.000
048 B011600 0
048 B021600 0.000
048 C011600 0
048 C021600 0.000
048 D011600 0
048 D021600 0.000
048 E011600 0
048 E021600 0.000
048 F011600 0
048 F021600 0.000
048 G011600 0
048 G021600 0.000
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
048 K011600 0
048 K021600 0.000
049 001600 N
050 001600 N
051 001600 N
052 001600 N
053 A001600 Y
053 B001600 Y
055 A001600 N
055 B001600 Y
056 001600 Y
057 001600 N
062 A001600 N
062 B001600 0.0
062 C001600 0.0
062 D001600 0.0
062 E001600 0.0
062 F001600 0.0
062 G001600 0.0
062 H001600 0.0
062 I001600 0.0
062 J001600 0.0
062 K001600 0.0
062 L001600 0.0
062 M001600 0.0
062 N001600 0.0
062 O001600 0.0
062 P001600 0.0
<PAGE> PAGE 75
062 Q001600 0.0
062 R001600 0.0
063 A001600 0
063 B001600 0.0
066 A001600 Y
066 B001600 N
066 C001600 Y
066 D001600 N
066 E001600 N
066 F001600 N
066 G001600 N
067 001600 N
068 A001600 N
068 B001600 N
069 001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 Y
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 Y
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 Y
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 N
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
<PAGE> PAGE 76
071 A001600 18472
071 B001600 8669
071 C001600 52945
071 D001600 131
072 A001600 8
072 B001600 38
072 C001600 8
072 D001600 0
072 E001600 0
072 F001600 48
072 G001600 50
072 H001600 0
072 I001600 0
072 J001600 30
072 K001600 0
072 L001600 0
072 M001600 0
072 N001600 0
072 O001600 0
072 P001600 0
072 Q001600 2
072 R001600 0
072 S001600 8
072 T001600 0
072 U001600 0
072 V001600 0
072 W001600 9
072 X001600 147
072 Y001600 91
072 Z001600 -11
072AA001600 1634
072BB001600 0
072CC011600 4921
072CC021600 0
072DD011600 0
072DD021600 0
072EE001600 713
073 A011600 0.0000
073 A021600 0.0000
073 B001600 0.7800
073 C001600 0.0000
074 A001600 2
074 B001600 3535
074 C001600 0
074 D001600 0
074 E001600 0
074 F001600 16357
074 G001600 0
074 H001600 0
074 I001600 0
074 J001600 28
<PAGE> PAGE 77
074 K001600 0
074 L001600 3
074 M001600 0
074 N001600 19925
074 O001600 368
074 P001600 6
074 Q001600 0
074 R011600 0
074 R021600 0
074 R031600 0
074 R041600 10
074 S001600 0
074 T001600 19541
074 U011600 992
074 U021600 0
074 V011600 19.69
074 V021600 0.00
074 W001600 0.0000
074 X001600 8
074 Y001600 0
075 A001600 0
075 B001600 6506
076 001600 0.00
SIGNATURE NANCY WISER
TITLE VICE PRESIDENT
Report of Independent Accountants
To the Board of Trustees and Shareholders of
Nationwide Separate Account Trust
In planning and performing our audit of the financial
statements of Nationwide Separate Account Trust for the
year ended December 31, 1999, we considered its internal
control, including control activities for safeguarding securities,
in order to determine our auditing procedures for the purpose
of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide
assurance on internal control.
The management of Nationwide Separate Account Trust is
responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant
to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to the
risk that controls may become inadequate because of changes in
conditions or that the effectiveness of their design and operation
may deteriorate.
Our consideration of internal control would not necessarily disclose
all matters in internal control that might be material weaknesses
under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which
the design or operation of one or more of the internal control
components does not reduce to a relatively low level the risk
that misstatements caused by error or fraud in amounts that would
be material in relation to the financial statements being audited
may occur and not be detected within a timely period by employees
in the normal course of performing their assigned functions.
However, we noted no matters involving internal control and its
operation, including controls for safeguarding securities, that we
consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of
management, the Board of Trustees and the Securities and
Exchange Commission and is not intended to be and should
not be used by anyone other than these specified parties.
PricewaterhouseCoopers LLP
February 22, 2000
Columbus, Ohio
1
2
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Investing Foundation III (the "Trust")
1. Issuer: Netegrity
2. Date of Purchase: 11/10/99
3. Purchased for Which Series of the Trust: Nationwide Small Co. Fund
4. Adviser/Subadviser Directing Purchase: Credit Suisse Asset Mgmt.
5. Underwriter from Whom Purchased: Banc Boston, Roberston Stephens
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Credit Suisse, First Boston,
Robert Stephens, Dain Rauscher, Thomas Weisel
7. Aggregate Principal Amount of Purchase: 120,000,000
8. Aggregate Principal Amount of Offering: 3,000,000
9. Purchase Price (net of fees and expenses): 40.00
10. First Day on Which any Sales in the Offering Were Made: 11/10/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering
or in any Concurrent Offering: Same Price
12. Commission, Spread or Profit: ___% $1.26
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? NA
j. The amount of such securities purchased by all
The investment portfolios advised by
CSAM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X (under 25%)
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X (no participation)
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Investing Foundation III (the "Trust")
1. Issuer: E-Stamps
2. Date of Purchase: 10/5/99
3. Purchased for Which Series of the Trust: Nationwide Small Co. Fund
4. Adviser/Subadviser Directing Purchase: Credit Suisse Asset Mgmt.
5. Underwriter from Whom Purchased: DLJ
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): CS First Boston, DLJ, Bank of
America, Deutche Bank
7. Aggregate Principal Amount of Purchase: 119,000,000
8. Aggregate Principal Amount of Offering: 7,000,000
9. Purchase Price (net of fees and expenses): 17.00
10. First Day on Which any Sales in the Offering Were Made: 10/8/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: Same Price
12. Commission, Spread or Profit: ___% $0.17
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? NA
j. The amount of such securities purchased by all
The investment portfolios advised by
CSAM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X (under 25%)
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X (no participation)
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Agile Software
2. Date of Purchase: 12/14/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: Deutsche Banc. Alex Brown
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 87,000
8. Aggregate Principal Amount of Offering: 435,000,000
9. Purchase Price (net of fees and expenses): 174.00
10. First Day on Which any Sales in the Offering Were Made: 12/1499
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: Same Price
12. Commission, Spread or Profit: 4.7% $20,650,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDWIM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Casheflow, Inc.
2. Date of Purchase: 12/14/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: First Boston
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 2,400
8. Aggregate Principal Amount of Offering: 120,000,000
9. Purchase Price (net of fees and expenses): 24.00
10. First Day on Which any Sales in the Offering Were Made:
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 24.00
12. Commission, Spread or Profit: 7% $8,400,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDWIM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Radio Unica
2. Date of Purchase: 10/18/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: Salomon Smith Barney
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 1,600
8. Aggregate Principal Amount of Offering: 109,440,000
9. Purchase Price (net of fees and expenses): 16.00
10. First Day on Which any Sales in the Offering Were Made: 10/18/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 16.00
12. Commission, Spread or Profit: 7% $7,660,800
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDWIM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Spanish Broadcasting System, Inc.
2. Date of Purchase: 10/27/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: Lehman Brothers
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 20,000
8. Aggregate Principal Amount of Offering: 435,748,000
9. Purchase Price (net of fees and expenses): 20.00
10. First Day on Which any Sales in the Offering Were Made: 10/28/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 20.00
12. Commission, Spread or Profit: 6.25% $27,234,250
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDWIM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: InterTrust
2. Date of Purchase: 10/26/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: Credit Suisse, First Boston
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 1,800
8. Aggregate Principal Amount of Offering: 117,000,000
9. Purchase Price (net of fees and expenses): 18.00
10. First Day on Which any Sales in the Offering Were Made: 10/26/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 18.00
12. Commission, Spread or Profit: 7% $8,190,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
__________ (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: MCK Communications
2. Date of Purchase: 10/22/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: Robertson Stephens
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 1,600
8. Aggregate Principal Amount of Offering: 54,400,000
9. Purchase Price (net of fees and expenses): 16.00
10. First Day on Which any Sales in the Offering Were Made: 10/22/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 16.00
12. Commission, Spread or Profit: 7% $3,808,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
__________ (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Biovail Corp
2. Date of Purchase: 10/15/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: DLJ
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 15,300
8. Aggregate Principal Amount of Offering: 255,000,000
9. Purchase Price (net of fees and expenses): 51.00
10. First Day on Which any Sales in the Offering Were Made: 10/15/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 51.00
12. Commission, Spread or Profit: 4.5% $11,475,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDW (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Martha Stewart
2. Date of Purchase: 10/18/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: Merrill, Lynch & Co.
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 1,800
8. Aggregate Principal Amount of Offering: 129,600,000
9. Purchase Price (net of fees and expenses): 18.00
10. First Day on Which any Sales in the Offering Were Made: 10/18/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 18.00
12. Commission, Spread or Profit: 7% $9,072,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
______________(insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Expedia, Inc.
2. Date of Purchase: 11/9/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Andreson & Sherrery
5. Underwriter from Whom Purchased: Goldman Sachs
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 1,400
8. Aggregate Principal Amount of Offering: 72,800,000
9. Purchase Price (net of fees and expenses): 14.00
10. First Day on Which any Sales in the Offering Were Made: 11/9/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 14.00
12. Commission, Spread or Profit: 7% $5,096,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDSIM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: Free Markets
2. Date of Purchase: 12/9/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Anderson & Sherrery
5. Underwriter from Whom Purchased: Goldman Sachs
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attache list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 4,800
8. Aggregate Principal Amount of Offering: 172,800,000
9. Purchase Price (net of fees and expenses): 48.00
10. First Day on Which any Sales in the Offering Were Made: 12/9/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 48.00
12. Commission, Spread or Profit: 7% $12,096,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDW (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
FORM FOR 10F-3 TRANSACTIONS
Record of Securities Purchased Under the Rule 10f-3 Procedures of
Nationwide Separate Account Trust (the "Trust")
1. Issuer: ILuminet
2. Date of Purchase: 10/7/99
3. Purchased for Which Series of the Trust: Select Small Cap Growth
4. Adviser/Subadviser Directing Purchase: Miller, Anderson & Sherrery
5. Underwriter from Whom Purchased: BancBoston, Robertson Stephens
6. Name of Affiliated Underwriter* Managing of Participating in Syndicate
(attach list of all members of syndicate): Morgan Stanley Dean Witter
7. Aggregate Principal Amount of Purchase: 1,900
8. Aggregate Principal Amount of Offering: 74,100,000
9. Purchase Price (net of fees and expenses): 19.00
10. First Day on Which any Sales in the Offering Were Made: 10/7/99
11. Lowest Price Paid by Each Other Purchaser of Securities in the Offering or
in any Concurrent Offering: 19.00
12. Commission, Spread or Profit: 7% $5,187,000
13. Have the Following Conditions Been Satisfied:
Yes No
a. The securities are "municipal securities" as
defined in Section 3(a)(29) of the Securities
Exchange Act of 1934? X
b. The securities are part of an issuer which is
registered under the Securities Act of 1933: X
c. The securities are part of an eligible foreign
offering described in (1)(c) of the Procedures: X
d. The securities are part of an eligible Rule 144A
offering described in (1)(d) of the Procedures: X
e. If the securities are not "municipal securities,"
has the issuer of the securities been in continuous
operation for at least three years, including the
operations of any predecessors? X
f. The purchase price paid did not exceed the price
paid by each other purchaser of securities in the
offering or in any concurrent offering of the
securities, except, in the case of an eligible
foreign offering, for any rights to purchase that
are required by law to be granted to existing
security holders of the issuer (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on which
the rights offering terminated)? X
g. The underwriter was a firm commitment
underwriting: X
h. The commission, spread or profit was reasonable
and fair in relating to that being received by others
for underwriting similar securities during the
same period? X
i. If the securities are municipal securities, has the
issue received an investment grade rating from
an NRSRO; provided, if the issuer or entity
supplying the revenues from which the issue
is to be paid shall have been in existence less
than three years (including any predecessor),
has it received one of the three highest ratings
from at least one such rating service? X
j. The amount of such securities purchased by all
The investment portfolios advised by
MSDWIM (insert Adviser/Subadviser
name), did not (I) if an offering other than an
eligible Rule 144A Offering, exceed 25% of the
principal amount of the offering, or (ii) if an
eligible Rule 144A offering, exceed 25%
of the total of the principal amount of the offering
sold to qualified institutional buyers plus the
principal amount of the offering in any concurrent
public offering? X
k. No affiliate underwriter* was a direct or indirect
participant in the sale? X
* As used herein, "affiliated underwriter" means on officer, director,
member of an advisory board, investment advisor or employee of the Trust or a
person of which any such officer, director, member of an advisory board,
investment adviser or employee is an affiliated person.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 01
<NAME> TOTAL RETURN FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1556448775
<INVESTMENTS-AT-VALUE> 2406369546
<RECEIVABLES> 43434546
<ASSETS-OTHER> 11443
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2449815535
<PAYABLE-FOR-SECURITIES> 28425900
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1652442
<TOTAL-LIABILITIES> 30078342
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1541285720
<SHARES-COMMON-STOCK> 128671208
<SHARES-COMMON-PRIOR> 127333412
<ACCUMULATED-NII-CURRENT> 9511
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28521191
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 849920771
<NET-ASSETS> 2419737193
<DIVIDEND-INCOME> 31196524
<INTEREST-INCOME> 2053600
<OTHER-INCOME> (241126)
<EXPENSES-NET> 17454488
<NET-INVESTMENT-INCOME> 15554510
<REALIZED-GAINS-CURRENT> 117359335
<APPREC-INCREASE-CURRENT> 26138759
<NET-CHANGE-FROM-OPS> 159052604
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 15661031
<DISTRIBUTIONS-OF-GAINS> 89929742
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17024853
<NUMBER-OF-SHARES-REDEEMED> 21401235
<SHARES-REINVESTED> 5714178
<NET-CHANGE-IN-ASSETS> 76299766
<ACCUMULATED-NII-PRIOR> 116032
<ACCUMULATED-GAINS-PRIOR> 1091598
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14084011
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17454488
<AVERAGE-NET-ASSETS> 2424365708
<PER-SHARE-NAV-BEGIN> 18.40
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 1.13
<PER-SHARE-DIVIDEND> 0.12
<PER-SHARE-DISTRIBUTIONS> 0.72
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.81
<EXPENSE-RATIO> 0.72
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 02
<NAME> CAPITAL APPRECIATION FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-01-1999
<INVESTMENTS-AT-COST> 827233256
<INVESTMENTS-AT-VALUE> 1071770130
<RECEIVABLES> 1205548
<ASSETS-OTHER> 6515
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1072982193
<PAYABLE-FOR-SECURITIES> 4390178
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 753334
<TOTAL-LIABILITIES> 5143512
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 823301807
<SHARES-COMMON-STOCK> 41541048
<SHARES-COMMON-PRIOR> 40037034
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 244536874
<NET-ASSETS> 1067838681
<DIVIDEND-INCOME> 12864970
<INTEREST-INCOME> 2134395
<OTHER-INCOME> 0
<EXPENSES-NET> 8197286
<NET-INVESTMENT-INCOME> 6802079
<REALIZED-GAINS-CURRENT> 62469302
<APPREC-INCREASE-CURRENT> (26820996)
<NET-CHANGE-FROM-OPS> 42450385
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6893619
<DISTRIBUTIONS-OF-GAINS> 62441907
<DISTRIBUTIONS-OTHER> 7645722
<NUMBER-OF-SHARES-SOLD> 11259729
<NUMBER-OF-SHARES-REDEEMED> 12802699
<SHARES-REINVESTED> 3046984
<NET-CHANGE-IN-ASSETS> 3341144
<ACCUMULATED-NII-PRIOR> 64147
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6579545
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8197286
<AVERAGE-NET-ASSETS> 1100792414
<PER-SHARE-NAV-BEGIN> 26.59
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 0.92
<PER-SHARE-DIVIDEND> 0.17
<PER-SHARE-DISTRIBUTIONS> 1.60
<RETURNS-OF-CAPITAL> 0.20
<PER-SHARE-NAV-END> 25.71
<EXPENSE-RATIO> 0.74
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 03
<NAME> GOVERNMENT BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 792586447
<INVESTMENTS-AT-VALUE> 759851498
<RECEIVABLES> 10577470
<ASSETS-OTHER> 3778
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 770432746
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 475882
<TOTAL-LIABILITIES> 475882
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 802742305
<SHARES-COMMON-STOCK> 71327302
<SHARES-COMMON-PRIOR> 65177091
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 50492
<ACCUM-APPREC-OR-DEPREC> (32734949)
<NET-ASSETS> 769956864
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46867080
<OTHER-INCOME> 0
<EXPENSES-NET> 5004350
<NET-INVESTMENT-INCOME> 41862730
<REALIZED-GAINS-CURRENT> 1408560
<APPREC-INCREASE-CURRENT> (61093491)
<NET-CHANGE-FROM-OPS> (17822201)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 42012244
<DISTRIBUTIONS-OF-GAINS> 1462872
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27120299
<NUMBER-OF-SHARES-REDEEMED> 24902794
<SHARES-REINVESTED> 3932706
<NET-CHANGE-IN-ASSETS> 8060221
<ACCUMULATED-NII-PRIOR> 153334
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3867960
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5004350
<AVERAGE-NET-ASSETS> 773859928
<PER-SHARE-NAV-BEGIN> 11.69
<PER-SHARE-NII> 0.61
<PER-SHARE-GAIN-APPREC> (0.88)
<PER-SHARE-DIVIDEND> 0.61
<PER-SHARE-DISTRIBUTIONS> 0.02
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.79
<EXPENSE-RATIO> 0.65
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 04
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 2128050245
<INVESTMENTS-AT-VALUE> 2128050245
<RECEIVABLES> 459633
<ASSETS-OTHER> 6228
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2128516106
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1016329
<TOTAL-LIABILITIES> 1016329
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2127492429
<SHARES-COMMON-STOCK> 2127495705
<SHARES-COMMON-PRIOR> 1373341257
<ACCUMULATED-NII-CURRENT> 1778
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5570
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2127499777
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 92791568
<OTHER-INCOME> 0
<EXPENSES-NET> 9469426
<NET-INVESTMENT-INCOME> 83322142
<REALIZED-GAINS-CURRENT> 11260
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 83333402
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 83322142
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6730305797
<NUMBER-OF-SHARES-REDEEMED> 6059473491
<SHARES-REINVESTED> 83322142
<NET-CHANGE-IN-ASSETS> 754165707
<ACCUMULATED-NII-PRIOR> 1778
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 5690
<GROSS-ADVISORY-FEES> 6844464
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9469426
<AVERAGE-NET-ASSETS> 1747975467
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.54
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 05
<NAME> SMALL COMPANY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 379297084
<INVESTMENTS-AT-VALUE> 542026160
<RECEIVABLES> 2534661
<ASSETS-OTHER> 32472
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 544593293
<PAYABLE-FOR-SECURITIES> 1524835
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 531615
<TOTAL-LIABILITIES> 2056450
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 357069847
<SHARES-COMMON-STOCK> 24524686
<SHARES-COMMON-PRIOR> 25397979
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22744135
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 162722861
<NET-ASSETS> 542536843
<DIVIDEND-INCOME> 2816351
<INTEREST-INCOME> 1176461
<OTHER-INCOME> (129735)
<EXPENSES-NET> 4483024
<NET-INVESTMENT-INCOME> (619947)
<REALIZED-GAINS-CURRENT> 64557108
<APPREC-INCREASE-CURRENT> 95484781
<NET-CHANGE-FROM-OPS> 159421942
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 21327194
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23884118
<NUMBER-OF-SHARES-REDEEMED> 25772992
<SHARES-REINVESTED> 1015581
<NET-CHANGE-IN-ASSETS> 135968339
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 19865832
<GROSS-ADVISORY-FEES> 3805726
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4483024
<AVERAGE-NET-ASSETS> 390041308
<PER-SHARE-NAV-BEGIN> 16.01
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 7.03
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.89
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.12
<EXPENSE-RATIO> 1.15
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 06
<NAME> INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 8689055
<INVESTMENTS-AT-VALUE> 8384655
<RECEIVABLES> 147377
<ASSETS-OTHER> 2131
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8534163
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1429
<TOTAL-LIABILITIES> 1429
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8912249
<SHARES-COMMON-STOCK> 889085
<SHARES-COMMON-PRIOR> 484238
<ACCUMULATED-NII-CURRENT> 9754
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 84869
<ACCUM-APPREC-OR-DEPREC> (304400)
<NET-ASSETS> 8532734
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 372900
<OTHER-INCOME> 0
<EXPENSES-NET> 51529
<NET-INVESTMENT-INCOME> 321371
<REALIZED-GAINS-CURRENT> (83927)
<APPREC-INCREASE-CURRENT> (364806)
<NET-CHANGE-FROM-OPS> (127362)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 311674
<DISTRIBUTIONS-OF-GAINS> 9576
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 593562
<NUMBER-OF-SHARES-REDEEMED> 221627
<SHARES-REINVESTED> 32912
<NET-CHANGE-IN-ASSETS> 3568340
<ACCUMULATED-NII-PRIOR> 57
<ACCUMULATED-GAINS-PRIOR> 8634
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30917
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 61283
<AVERAGE-NET-ASSETS> 6870481
<PER-SHARE-NAV-BEGIN> 10.25
<PER-SHARE-NII> 0.44
<PER-SHARE-GAIN-APPREC> (0.65)
<PER-SHARE-DIVIDEND> 0.43
<PER-SHARE-DISTRIBUTIONS> 0.01
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.60
<EXPENSE-RATIO> 0.75
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 07
<NAME> STRATEGIC GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 88291322
<INVESTMENTS-AT-VALUE> 104292375
<RECEIVABLES> 3039756
<ASSETS-OTHER> 2445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107334576
<PAYABLE-FOR-SECURITIES> 8174977
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68317
<TOTAL-LIABILITIES> 8243294
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74776512
<SHARES-COMMON-STOCK> 4848953
<SHARES-COMMON-PRIOR> 883868
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8313717
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16001053
<NET-ASSETS> 99091282
<DIVIDEND-INCOME> 46113
<INTEREST-INCOME> 223547
<OTHER-INCOME> 0
<EXPENSES-NET> 315464
<NET-INVESTMENT-INCOME> (45804)
<REALIZED-GAINS-CURRENT> 14235988
<APPREC-INCREASE-CURRENT> 14036084
<NET-CHANGE-FROM-OPS> 28226268
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 4972472
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4529147
<NUMBER-OF-SHARES-REDEEMED> 820640
<SHARES-REINVESTED> 256578
<NET-CHANGE-IN-ASSETS> 88748937
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 903995
<GROSS-ADVISORY-FEES> 283917
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 388339
<AVERAGE-NET-ASSETS> 31546348
<PER-SHARE-NAV-BEGIN> 11.70
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 9.87
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 1.12
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.44
<EXPENSE-RATIO> 1.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 08
<NAME> STRATEGIC VALUE FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 17929044
<INVESTMENTS-AT-VALUE> 17250162
<RECEIVABLES> 15682
<ASSETS-OTHER> 2270
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17268114
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14278
<TOTAL-LIABILITIES> 14278
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18516755
<SHARES-COMMON-STOCK> 1832739
<SHARES-COMMON-PRIOR> 1509813
<ACCUMULATED-NII-CURRENT> 6448
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 590485
<ACCUM-APPREC-OR-DEPREC> (678882)
<NET-ASSETS> 17253836
<DIVIDEND-INCOME> 270070
<INTEREST-INCOME> 30484
<OTHER-INCOME> (5011)
<EXPENSES-NET> 157338
<NET-INVESTMENT-INCOME> 138205
<REALIZED-GAINS-CURRENT> (314602)
<APPREC-INCREASE-CURRENT> (364449)
<NET-CHANGE-FROM-OPS> (540846)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 132000
<DISTRIBUTIONS-OF-GAINS> 495572
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 845843
<NUMBER-OF-SHARES-REDEEMED> 590261
<SHARES-REINVESTED> 67344
<NET-CHANGE-IN-ASSETS> 1974488
<ACCUMULATED-NII-PRIOR> 492
<ACCUMULATED-GAINS-PRIOR> 219440
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 141605
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 192021
<AVERAGE-NET-ASSETS> 15733865
<PER-SHARE-NAV-BEGIN> 10.12
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> (0.41)
<PER-SHARE-DIVIDEND> 0.08
<PER-SHARE-DISTRIBUTIONS> 0.31
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.41
<EXPENSE-RATIO> 1.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 09
<NAME> EQUITY INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 24192221
<INVESTMENTS-AT-VALUE> 29467877
<RECEIVABLES> 28813
<ASSETS-OTHER> 2812
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29499502
<PAYABLE-FOR-SECURITIES> 288500
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21899
<TOTAL-LIABILITIES> 310399
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24383584
<SHARES-COMMON-STOCK> 2156908
<SHARES-COMMON-PRIOR> 1237098
<ACCUMULATED-NII-CURRENT> 13771
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 483908
<ACCUM-APPREC-OR-DEPREC> 5275656
<NET-ASSETS> 29189103
<DIVIDEND-INCOME> 437557
<INTEREST-INCOME> (147778)
<OTHER-INCOME> (260)
<EXPENSES-NET> 199928
<NET-INVESTMENT-INCOME> 89591
<REALIZED-GAINS-CURRENT> (483477)
<APPREC-INCREASE-CURRENT> 4232943
<NET-CHANGE-FROM-OPS> 3839057
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 77682
<DISTRIBUTIONS-OF-GAINS> 11653
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 993131
<NUMBER-OF-SHARES-REDEEMED> 80630
<SHARES-REINVESTED> 7309
<NET-CHANGE-IN-ASSETS> 14994633
<ACCUMULATED-NII-PRIOR> 1815
<ACCUMULATED-GAINS-PRIOR> 11269
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 168361
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 228888
<AVERAGE-NET-ASSETS> 21045085
<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 2.06
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 0.01
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.53
<EXPENSE-RATIO> 0.95
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 10
<NAME> HIGH INCOME BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 67151957
<INVESTMENTS-AT-VALUE> 63676710
<RECEIVABLES> 1120523
<ASSETS-OTHER> 4831
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64802064
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48235
<TOTAL-LIABILITIES> 48235
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68577459
<SHARES-COMMON-STOCK> 6799139
<SHARES-COMMON-PRIOR> 3647768
<ACCUMULATED-NII-CURRENT> 23311
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 371694
<ACCUM-APPREC-OR-DEPREC> (3475247)
<NET-ASSETS> 64753829
<DIVIDEND-INCOME> 122738
<INTEREST-INCOME> 4976387
<OTHER-INCOME> 0
<EXPENSES-NET> 496084
<NET-INVESTMENT-INCOME> 4603041
<REALIZED-GAINS-CURRENT> (371694)
<APPREC-INCREASE-CURRENT> (2803976)
<NET-CHANGE-FROM-OPS> 1427371
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4592749
<DISTRIBUTIONS-OF-GAINS> 24373
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4968321
<NUMBER-OF-SHARES-REDEEMED> 2292101
<SHARES-REINVESTED> 475151
<NET-CHANGE-IN-ASSETS> 28123635
<ACCUMULATED-NII-PRIOR> 13262
<ACCUMULATED-GAINS-PRIOR> 24130
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 417758
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 600394
<AVERAGE-NET-ASSETS> 52219419
<PER-SHARE-NAV-BEGIN> 10.04
<PER-SHARE-NII> 0.83
<PER-SHARE-GAIN-APPREC> (0.52)
<PER-SHARE-DIVIDEND> 0.83
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.52
<EXPENSE-RATIO> 0.95
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 11
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 90156955
<INVESTMENTS-AT-VALUE> 88649353
<RECEIVABLES> 416151
<ASSETS-OTHER> 3221
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89068725
<PAYABLE-FOR-SECURITIES> 10856470
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 55091
<TOTAL-LIABILITIES> 10911561
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80147882
<SHARES-COMMON-STOCK> 7579763
<SHARES-COMMON-PRIOR> 3866164
<ACCUMULATED-NII-CURRENT> 47779
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 530895
<ACCUM-APPREC-OR-DEPREC> (1507602)
<NET-ASSETS> 78157164
<DIVIDEND-INCOME> 650320
<INTEREST-INCOME> 2212592
<OTHER-INCOME> (4146)
<EXPENSES-NET> 563388
<NET-INVESTMENT-INCOME> 2295378
<REALIZED-GAINS-CURRENT> (455966)
<APPREC-INCREASE-CURRENT> (1965360)
<NET-CHANGE-FROM-OPS> (125948)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2254410
<DISTRIBUTIONS-OF-GAINS> 11532
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4044103
<NUMBER-OF-SHARES-REDEEMED> 546541
<SHARES-REINVESTED> 216037
<NET-CHANGE-IN-ASSETS> 37272136
<ACCUMULATED-NII-PRIOR> 6811
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 63397
<GROSS-ADVISORY-FEES> 469490
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 621044
<AVERAGE-NET-ASSETS> 62598673
<PER-SHARE-NAV-BEGIN> 10.58
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> (0.28)
<PER-SHARE-DIVIDEND> 0.36
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 0.90
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 12
<NAME> MULTI SECTOR BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 87417077
<INVESTMENTS-AT-VALUE> 85772588
<RECEIVABLES> 1419428
<ASSETS-OTHER> 3366
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 87195382
<PAYABLE-FOR-SECURITIES> 14281922
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50977
<TOTAL-LIABILITIES> 14332899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75909841
<SHARES-COMMON-STOCK> 7775216
<SHARES-COMMON-PRIOR> 3762724
<ACCUMULATED-NII-CURRENT> 22073
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1438821
<ACCUM-APPREC-OR-DEPREC> (1630610)
<NET-ASSETS> 72862483
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4192105
<OTHER-INCOME> (413)
<EXPENSES-NET> 475971
<NET-INVESTMENT-INCOME> 3715721
<REALIZED-GAINS-CURRENT> (1282937)
<APPREC-INCREASE-CURRENT> (1183151)
<NET-CHANGE-FROM-OPS> 1249633
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3540626
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4282502
<NUMBER-OF-SHARES-REDEEMED> 646832
<SHARES-REINVESTED> 376822
<NET-CHANGE-IN-ASSETS> 35897604
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 8572
<OVERDIST-NET-GAINS-PRIOR> 300334
<GROSS-ADVISORY-FEES> 396644
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 540904
<AVERAGE-NET-ASSETS> 52885732
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> 0.61
<PER-SHARE-GAIN-APPREC> (0.47)
<PER-SHARE-DIVIDEND> 0.59
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.37
<EXPENSE-RATIO> 0.90
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 13
<NAME> SMALL CAP VALUE FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 129663909
<INVESTMENTS-AT-VALUE> 131891615
<RECEIVABLES> 103360
<ASSETS-OTHER> 3091
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 131998066
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68734
<TOTAL-LIABILITIES> 68734
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128760759
<SHARES-COMMON-STOCK> 13566630
<SHARES-COMMON-PRIOR> 5316680
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 940867
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2227706
<NET-ASSETS> 131929332
<DIVIDEND-INCOME> 576641
<INTEREST-INCOME> 158433
<OTHER-INCOME> 0
<EXPENSES-NET> 1006844
<NET-INVESTMENT-INCOME> (271770)
<REALIZED-GAINS-CURRENT> 22619690
<APPREC-INCREASE-CURRENT> (203224)
<NET-CHANGE-FROM-OPS> 22144696
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 21000309
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 30266660
<NUMBER-OF-SHARES-REDEEMED> 24343402
<SHARES-REINVESTED> 2326692
<NET-CHANGE-IN-ASSETS> 81490010
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 406126
<GROSS-ADVISORY-FEES> 863009
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1222411
<AVERAGE-NET-ASSETS> 95889884
<PER-SHARE-NAV-BEGIN> 9.49
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 2.38
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 2.13
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.72
<EXPENSE-RATIO> 1.05
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 14
<NAME> GLOBAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 52515295
<INVESTMENTS-AT-VALUE> 60462330
<RECEIVABLES> 113514
<ASSETS-OTHER> 369363
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60945207
<PAYABLE-FOR-SECURITIES> 60510
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 44851
<TOTAL-LIABILITIES> 105361
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52197500
<SHARES-COMMON-STOCK> 4380239
<SHARES-COMMON-PRIOR> 1831349
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 26601
<ACCUMULATED-NET-GAINS> 709093
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7959854
<NET-ASSETS> 60839846
<DIVIDEND-INCOME> 525036
<INTEREST-INCOME> 61486
<OTHER-INCOME> (35341)
<EXPENSES-NET> 439193
<NET-INVESTMENT-INCOME> 111988
<REALIZED-GAINS-CURRENT> 2610483
<APPREC-INCREASE-CURRENT> 6071877
<NET-CHANGE-FROM-OPS> 8794348
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 119252
<DISTRIBUTIONS-OF-GAINS> 1919622
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2603830
<NUMBER-OF-SHARES-REDEEMED> 207208
<SHARES-REINVESTED> 152268
<NET-CHANGE-IN-ASSETS> 39312857
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 50509
<OVERDISTRIB-NII-PRIOR> 51614
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 365994
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 565283
<AVERAGE-NET-ASSETS> 36599408
<PER-SHARE-NAV-BEGIN> 11.75
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 2.60
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0.48
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.89
<EXPENSE-RATIO> 1.20
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 15
<NAME> MID CAP INDEX FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 18175370
<INVESTMENTS-AT-VALUE> 20338422
<RECEIVABLES> 119646
<ASSETS-OTHER> 2326
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20460394
<PAYABLE-FOR-SECURITIES> 137009
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64789
<TOTAL-LIABILITIES> 201798
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17845160
<SHARES-COMMON-STOCK> 1644758
<SHARES-COMMON-PRIOR> 993698
<ACCUMULATED-NII-CURRENT> 26009
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 224375
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2163052
<NET-ASSETS> 20258596
<DIVIDEND-INCOME> 99626
<INTEREST-INCOME> 108564
<OTHER-INCOME> (155)
<EXPENSES-NET> 145040
<NET-INVESTMENT-INCOME> 62995
<REALIZED-GAINS-CURRENT> 1739863
<APPREC-INCREASE-CURRENT> 1207561
<NET-CHANGE-FROM-OPS> 3010419
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 36986
<DISTRIBUTIONS-OF-GAINS> 1249236
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 747750
<NUMBER-OF-SHARES-REDEEMED> 204492
<SHARES-REINVESTED> 107802
<NET-CHANGE-IN-ASSETS> 9409406
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 266252
<GROSS-ADVISORY-FEES> 123869
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 245900
<AVERAGE-NET-ASSETS> 14113956
<PER-SHARE-NAV-BEGIN> 10.92
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 2.21
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0.83
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.32
<EXPENSE-RATIO> 1.03
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353905
<NAME> NATIONWIDE SEPARATE ACCOUNT TRUST
<SERIES>
<NUMBER> 16
<NAME> SELECT ADVISERS SMALL CAP GROWTH FUND
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> MAY-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 14971134
<INVESTMENTS-AT-VALUE> 19892405
<RECEIVABLES> 30856
<ASSETS-OTHER> 1456
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19924717
<PAYABLE-FOR-SECURITIES> 367626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16157
<TOTAL-LIABILITIES> 383783
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13710525
<SHARES-COMMON-STOCK> 992360
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 909138
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4921271
<NET-ASSETS> 19540934
<DIVIDEND-INCOME> 7761
<INTEREST-INCOME> 37620
<OTHER-INCOME> 0
<EXPENSES-NET> 56309
<NET-INVESTMENT-INCOME> (10928)
<REALIZED-GAINS-CURRENT> 1633550
<APPREC-INCREASE-CURRENT> 4921271
<NET-CHANGE-FROM-OPS> 6543893
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 713484
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2077997
<NUMBER-OF-SHARES-REDEEMED> 1123568
<SHARES-REINVESTED> 37931
<NET-CHANGE-IN-ASSETS> 19540934
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47647
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 147349
<AVERAGE-NET-ASSETS> 6506168
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 10.48
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.78
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.69
<EXPENSE-RATIO> 1.30
</TABLE>
