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NATIONWIDE SEPARATE ACCOUNT TRUST
Total Return Fund
Capital Appreciation Fund
Government Bond Fund
Money Market Fund
Prospectus Supplement dated October 18 2000
to Prospectus dated May 1, 2000
The disclosure on page 2 of the above noted prospectus is hereby amended to
reflect that:
The Total Return Fund will no longer be limited with respect to the number of
securities it may hold at any time. Accordingly, the section entitled "Principal
Strategies" is deleted in its entirety and is replaced with the following:
The Fund is slightly more conservative than the Capital Appreciation
Fund since it seeks total return through a flexible combination of
current income and capital appreciation. In other words, the Fund looks
for stocks and other securities that pay dividends and other income,
instead of relying solely on the security's prospect for increasing in
value. To achieve its objective, the Fund invests primarily in the
common stock and convertible securities of companies with consistent
earnings performance and generally intends to be fully invested in
these securities.
The Fund looks for companies whose earnings are expected to
consistently grow faster than other companies in the market. It usually
will sell securities if:
o the price of the security is overvalued
o the company's earnings are consistently lower than expected
o more favorable opportunities are identified.
The disclosure on page 18 of the prospectus under "Who Can Buy Shares of the
Funds" is hereby amended to add the following after the third paragraph in that
section:
Please check with your insurance company to determine which Funds are
available under your variable annuity contract or variable life
insurance policy. This prospectus should be read in conjunction with
the prospectus of the separate account of your specific insurance
product.
Each Fund sells its shares to separate accounts of both Nationwide Life
Insurance Company and Nationwide Life and Annuity Insurance Company and
may sell its shares to separate accounts of other unaffiliated
insurance companies. The Funds currently do not foresee any
disadvantages to the owners of variable annuity contracts or variable
life insurance products arising out of the fact that the Funds may
offer their shares to the
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separate accounts of various insurance companies to fund benefits of
these variable insurance products. Nevertheless, the Trustees intend to
monitor events in order to identify any material irreconcilable
conflicts which may arise, and to determine what action, if any, should
be taken in response to such conflicts. If such a conflict were to
occur, one or more insurance companies' separate accounts might be
required to withdraw their investments in one or more Funds and shares
of another Fund may be substituted. This might force a Fund to sell its
securities at disadvantageous prices.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
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NATIONWIDE SEPARATE ACCOUNT TRUST
Nationwide Small Company Fund
Prospectus Supplement dated October 18, 2000
to Prospectus dated May 1, 2000
The disclosure on page 11 of the prospectus under "Who Can Buy Shares of the
Fund" is hereby amended to add the following after the third paragraph in that
section:
Please check with your insurance company to determine whether this Fund
is are available under your variable annuity contract or variable life
insurance policy. This prospectus should be read in conjunction with
the prospectus of the separate account of your specific insurance
product.
The Fund sells its shares to separate accounts of both Nationwide Life
Insurance Company and Nationwide Life and Annuity Insurance Company and
may sell its shares to separate accounts of other unaffiliated
insurance companies. The Fund currently does not foresee any
disadvantages to the owners of variable annuity contracts or variable
life insurance products arising out of the fact that the Fund may offer
its shares to the separate accounts of various insurance companies to
fund benefits of these variable insurance products. Nevertheless, the
Trustees intend to monitor events in order to identify any material
irreconcilable conflicts which may arise, and to determine what action,
if any, should be taken in response to such conflicts. If such a
conflict were to occur, one or more insurance companies' separate
accounts might be required to withdraw their investments in the Fund
and shares of another fund may be substituted. This might force the
Fund to sell its securities at disadvantageous prices.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
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NATIONWIDE SEPARATE ACCOUNT TRUST
Nationwide Small Company Fund
Prospectus Supplement dated October 18, 2000
to Prospectus dated May 1, 2000
The disclosure on page 11 of the prospectus under "Who Can Buy Shares of the
Fund" is hereby amended to add the following after the third paragraph in that
section:
Please check with your insurance company to determine whether this Fund
is are available under your variable annuity contract or variable life
insurance policy. This prospectus should be read in conjunction with
the prospectus of the separate account of your specific insurance
product.
The Fund sells its shares to separate accounts of both Nationwide Life
Insurance Company and Nationwide Life and Annuity Insurance Company and
may sell its shares to separate accounts of other unaffiliated
insurance companies. The Fund currently does not foresee any
disadvantages to the owners of variable annuity contracts or variable
life insurance products arising out of the fact that the Fund may offer
its shares to the separate accounts of various insurance companies to
fund benefits of these variable insurance products. Nevertheless, the
Trustees intend to monitor events in order to identify any material
irreconcilable conflicts which may arise, and to determine what action,
if any, should be taken in response to such conflicts. If such a
conflict were to occur, one or more insurance companies' separate
accounts might be required to withdraw their investments in the Fund
and shares of another fund may be substituted. This might force the
Fund to sell its securities at disadvantageous prices.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
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NATIONWIDE SEPARATE ACCOUNT TRUST
Gartmore NSAT Emerging Markets Fund
Gartmore NSAT International Growth Fund
Prospectus Supplement dated October 18, 2000
to Prospectus dated September 1, 2000
The disclosure on page 11 of the prospectus under "Buying Shares" is hereby
amended to add the following after the second paragraph in that section:
Please check with your insurance company to determine which Funds are
available under your variable annuity contract or variable life
insurance policy. This prospectus should be read in conjunction with
the prospectus of the separate account of your specific insurance
product.
Each Fund sells its shares to separate accounts of both Nationwide Life
Insurance Company and Nationwide Life and Annuity Insurance Company and
may sell its shares to separate accounts of other unaffiliated
insurance companies. The Funds currently do not foresee any
disadvantages to the owners of variable annuity contracts or variable
life insurance products arising out of the fact that the Funds may
offer their shares to the separate accounts of various insurance
companies to fund benefits of these variable insurance products.
Nevertheless, the Trustees intend to monitor events in order to
identify any material irreconcilable conflicts which may arise, and to
determine what action, if any, should be taken in response to such
conflicts. If such a conflict were to occur, one or more insurance
companies' separate accounts might be required to withdraw their
investments in one or more Funds and shares of another Fund may be
substituted. This might force a Fund to sell its securities at
disadvantageous prices.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE.
