<PAGE> 1
SUPPLEMENT DATED
MARCH 17, 1997
TO
PROSPECTUS DATED
FEBRUARY 28, 1997
NATIONWIDE INVESTING FOUNDATION
NATIONWIDE INVESTING FOUNDATION II
On March 11, 1997, Douglas Kitchen replaced Michael Groseclose as portfolio
manager of the Nationwide(R) Bond Fund. On page 11 of the prospectus, the
paragraph entitled Portfolio Manager, found at the bottom of column one and top
of column two, is hereby deleted in its entirety and replaced by the following:
Portfolio Manager: Douglas Kitchen, CFA - is the portfolio manager of
the Nationwide(R) Bond Fund. He joined Nationwide in 1986 as a
securities analyst and began managing the Nationwide(R) Bond Fund on
March 11, 1997. From 1992 to March 11, 1997, he managed the bond
portfolio for the Nationwide Foundation. Mr. Kitchen received a Bachelor
of Arts in Geology from Thiel College and a Bachelor of Science in
Finance from The Ohio State University and is a Chartered Financial
Analyst.
CONTINUED ON OTHER SIDE
PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FURTHER REFERENCE.
<PAGE> 2
SUPPLEMENT DATED
MARCH 17, 1997
TO
PROSPECTUS DATED
FEBRUARY 28, 1997
NATIONWIDE INVESTING FOUNDATION
NATIONWIDE INVESTING FOUNDATION II
On March 11, 1997, Kimberly Bingle and Gary Hunt joined Wayne Frisbee as
portfolio managers for the Nationwide(R) U.S. Government Income Fund. On page
13 of the prospectus, the paragraph entitled Portfolio Manager at the top of
column two, is hereby deleted in its entirety and replaced by the following:
Portfolio Managers: Wayne Frisbee, CFA; Kimberly Bingle, CFA, FLMI, and
Gary Hunt -- are the portfolio managers for the Nationwide(R) U.S.
Government Income Fund. Mr. Frisbee joined Nationwide in 1981 as a
securities analyst and has managed the Nationwide(R) U.S. Government
Income Fund since its inception in February of 1992. He received a
Bachelor of Science from The Ohio State University and is a Chartered
Financial Analyst. Ms. Bingle joined Nationwide in 1986 as a securities
analyst and began managing the Nationwide(R) U.S. Government Income Fund
on March 11, 1997. From April of 1992 to March 11, 1997, Ms. Bingle
managed the fixed income fund which is part of the Nationwide Insurance
Enterprise incentive savings plan. Prior to April 1992, Ms. Bingle
co-managed the Nationwide Foundation bond portfolio. Ms. Bingle received
a Bachelor of Arts in Finance from The Pennsylvania State University.
She is a Chartered Financial Analyst and a Fellow of the Life Management
Institute. Mr. Hunt joined Nationwide in 1992 as a securities analyst
and began managing the Nationwide(R) U.S. Government Income Fund on
March 11, 1997. In his career at Nationwide, Mr. Hunt has been
responsible for the analysis of agency CMOs and U.S. treasury
securities. In addition, Mr. Hunt has managed the commercial
mortgage-backed securities sector for Nationwide Life Insurance Company
and its affiliates. Mr. Hunt received a Bachelor of Science in Finance
and a Master of Business Administration from The Ohio State University.
PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FURTHER REFERENCE.
