<PAGE> 1
SUPPLEMENT DATED JANUARY 1, 1997 TO
PROSPECTUS DATED MAY 1, 1996
INDIVIDUAL DEFERRED VARIABLE ANNUITY CONTRACTS
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY
THROUGH ITS
MULTI-FLEX VARIABLE ACCOUNT
This Supplement updates certain information contained in your Prospectus. Please
read it and keep it with your Prospectus for future reference.
Effective January 1, 1997, Twentieth Century Mutual Funds will change its name
to American Century(SM) Investments. Additionally, Twentieth Century Companies,
Inc. will change its name to American Century Companies, Inc. Finally, the
management company for American Century(SM) Investments, Investors Research
Corporation, will change its name to American Century Investment Management,
Inc. Accordingly, please note the following amendments to your Prospectus:
1. Reference to TCI PORTFOLIOS, INC., AN AFFILIATE OF TWENTIETH CENTURY
COMPANIES, INC. located on page 1 of the Prospectus is hereby amended
to read as follows:
TCI PORTFOLIOS, INC., AN AFFILIATE OF AMERICAN CENTURY COMPANIES, INC.
2. Reference to TCI PORTFOLIOS, INC., MEMBER OF THE TWENTIETH CENTURY
FAMILY OF MUTUAL FUNDS in the Table of Contents located on pages 5 and
6 of the Prospectus is hereby amended to read as follows:
TCI PORTFOLIOS, INC., A MEMBER OF AMERICAN CENTURY(SM) INVESTMENTS
3. The sub-section entitled TCI PORTFOLIOS, INC., MEMBER OF THE TWENTIETH
CENTURY FAMILY OF MUTUAL FUNDS located on page 17 of the Prospectus is
hereby deleted in its entirety and replaced with the following:
TCI PORTFOLIOS, INC., A MEMBER OF AMERICAN CENTURY(SM) INVESTMENTS
TCI Portfolios, Inc. was organized as a Maryland corporation in 1987.
It is a diversified, open-end management company, designed only to
provide investment vehicles for variable annuity and variable life
insurance products of insurance companies. A member of American
Century(SM) Investments, TCI Portfolios, Inc. is managed by American
Century Investment Management, Inc.
