NATIONWIDE INVESTING FOUNDATION
40-8F-M, 2000-09-22
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM N-8F


I.       GENERAL IDENTIFYING INFORMATION

1.       Reason fund is applying to deregister (check only one; for
         descriptions, see Instruction 1 above):

         [X]      Merger

         [ ]      Liquidation

         [ ]      Abandonment of Registration
                  (Note: Abandonments of Registration answer only questions 1
                  through 15, 24 and 25 of this form and complete verification
                  at the end of the form.)

         [ ]      Election of status as a Business Development Company
                  (Note: Business Development Companies answer only questions 1
                  through 10 of this form and complete verification at the end
                  of the form.)

2.       Name of fund: NATIONWIDE INVESTING FOUNDATION

3.       Securities and Exchange Commission File No.: 811-000435

4.       Is this an initial Form N-8F or an amendment to a previously filed Form
         N-8F?

         [X]      Initial Application                [ ]      Amendment

5.       Address of Principal Executive Office (include No. & Street, City,
         State, Zip Code):
                              ONE NATIONWIDE PLAZA
                              COLUMBUS, OHIO 43215

6.       Name, address and telephone number of individual the Commission staff
         should contact with any questions regarding this form:
                        DINA TANTRA, ESQ., SENIOR COUNSEL
                             VILLANOVA CAPITAL, INC.
                                 1200 RIVER ROAD
                             CONSHOHOCKEN, PA 19428
                                 (484) 530-1528
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7.       Name, address and telephone number of individual or entity responsible
         for maintenance and preservation of fund records in accordance with
         rules 31a-1 and 31a-2 under the Act [17 CFR 270.31A-1, .31A-2]:
                       NATIONWIDE ADVISORY SERVICES, INC.
                             THREE NATIONWIDE PLAZA
                              COLUMBUS, OHIO 43215
                                 (614) 249-3030

         NOTE: Once deregistered, a fund is still required to maintain and
         preserve the records described in rules 31a-1 and 31a-2 for the periods
         specified in those rules.

8.       Classification of fund (check only one):

         [X]      Management company;

         [ ]      Unit investment trust; or

         [ ]      Face-amount certificate company.


9.       Subclassification if the fund is a management company (check only one):

         [X]      Open-end          [ ]     Closed-end

10.      State law under which the fund was organized or formed (e.g., Delaware,
         Massachusetts):
                                    MICHIGAN

11.      Provide the name and address of each investment adviser of the fund
         (including sub-advisers) during the last five years, even if the fund's
         contracts with those advisers have been terminated:
                       NATIONWIDE ADVISORY SERVICES, INC.
                             THREE NATIONWIDE PLAZA
                              COLUMBUS, OHIO 43215

12.      Provide the name and addresses of each principal underwriter of the
         fund during the last five years, even if the fund's contracts, with
         those underwriters have been terminated:
                       NATIONWIDE ADVISORY SERVICES, INC.
                             THREE NATIONWIDE PLAZA
                              COLUMBUS, OHIO 43215

13.      If the fund is a unit investment trust ("UIT") provide:

         (a)      Depositor's name(s) and address(es):

         (b)      Trustee's name(s) and address(es):

                                      -2-
<PAGE>   3
14.      Is there a UIT registered under the Act that served as a vehicle for
         investment in the fund (e.g., an insurance company separate account)?

         [ ]      Yes               [X]     No

         If Yes, for each UIT state:

         Name(s):

         File No.: 811-_______

         Business Address:

15.      (a)      Did the fund obtain approval from the board of directors
                  concerning the decision to engage in a Merger, Liquidation or
                  Abandonment of Registration?

                  [X]      Yes              [ ]      No

                  If Yes, state the date on which the board vote took place:
                  NOVEMBER 7, 1997.

                  If No, explain:

         (b)      Did the fund obtain approval from the shareholders concerning
                  the decision to engage in a Merger, Liquidation or Abandonment
                  of Registration?

                  [X]      Yes              [ ]      No

                  If Yes, state the date on which the shareholder vote took
                  place: FEBRUARY 16, 1998.

                  If No, explain:

II.      DISTRIBUTIONS TO SHAREHOLDERS

16.      Has the fund distributed any assets to its shareholders in connection
         with the Merger or Liquidation?

         [X]      Yes              [ ]      No

         (a)      If Yes, list the date(s) on which the fund made those
                  distributions: MAY 9, 1998.

         (b)      Were the distributions made on the basis of net assets?

                  [X]      Yes              [ ]      No

                                      -3-
<PAGE>   4
         (c)      Were the distributions made pro rata based on share ownership?

                  [X]      Yes              [ ]      No

         (d)      If No to (b) or (c) above, describe the method of
                  distributions to shareholders. For Mergers, provide the
                  exchange ratio(s) used and explain how it was calculated:

         (e)      Liquidations only:

                  Were any distributions to shareholders made in kind?

                  [ ]      Yes              [ ]      No

                  If Yes, indicate the percentage of fund shares owned by
                  affiliates, or any other affiliation of shareholders:

17.      Closed-end funds only:

                  Has the fund issued senior securities?

                  [ ]      Yes              [ ]      No

                  If Yes, describe the method of calculating payments to senior
                  security holders and distributions to other shareholders:


18.      Has the fund distributed all of its assets to the fund's shareholders?

         [X]      Yes               [ ]     No

         If No,

         (a)      How many shareholders does the fund have as of the date this
                  form is filed?

         (b)      Describe the relationship of each remaining shareholder to the
                  fund:

19.      Are there any shareholders who have not yet received distributions in
         complete liquidation of their interests?

         [ ]      Yes               [X]     No

         If Yes, describe briefly the plans (if any) for distributing to, or
         preserving the interests of, those shareholders:

                                      -4-
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III.     ASSETS AND LIABILITIES

20.      Does the fund have any assets as of the date this form is filed?
         (See question 18 above)

         [ ]      Yes               [X]     No

         If Yes,

         (a)      Describe the type and amount of each asset retained by the
                  fund as of the date this form is filed:

         (b)      Why has the fund retained the remaining assets?

         (c)      Will the remaining assets be invested in securities?

         [ ]      Yes               [ ]     No

21.      Does the fund have any outstanding debts (other than face-amount
         certificates if the fund is a face-amount certificate company) or any
         other liabilities?

         [ ]      Yes               [X]     No

         If Yes,

         (a)      Describe the type and amount of each debt or other liability:

         (b)      How does the fund intend to pay these outstanding debts or
                  other liabilities?

IV.      INFORMATION ABOUT EVENT(S) LEADING TO REQUEST FOR DEREGISTRATION

22.      (a)      List the expenses incurred in connection with the Merger or
                  Liquidation:

                  (i)   Legal expenses:  $25,003

                  (ii)  Accounting expenses:  $0

                  (iii) Other expenses (list and identify separately):
                                             Printing & Supplies:       $ 73,645
                                             Proxy Solicitation:          32,165
                                             Postage:                     67,971
                                                                        --------

                  (iv)  Total expenses (sum of lines (i)-(iii) above):  $198,784
                                                                        ========

         (b)      How are those expenses allocated?  50% TO NATIONWIDE INVESTING
                                                     FOUNDATION AND 50% TO
                                                     NATIONWIDE ADVISORY
                                                     SERVICES, INC.

                                      -5-
<PAGE>   6
         (c)      Who paid those expenses? PAID BY THE PARTY TO WHOM ALLOCATED.

         (d)      How did the fund pay for unamortized expenses (if any)? There
                  were none.

23.      Has the fund previously filed an application for an order of the
         Commission regarding the Merger or Liquidation?

         [X]      Yes               [ ]     No


         If Yes, cite the release numbers of the Commission's notice and order
         or, if no notice or order has been issued, the file number and date the
         application was filed:
                 ICA REL. NO. 23024 (NOTICE) (FEBRUARY 10, 1998)
                   ICA REL. NO. 23061 (ORDER) (MARCH 6, 1998)

V.       CONCLUSION OF FUND BUSINESS

24.      Is the fund a party to any litigation or administrative proceeding?

         [ ]      Yes               [X]     No

         If Yes, describe the nature of any litigation or proceeding and the
         position taken by the fund in that litigation:

25.      Is the fund now engaged, or intending to engage, in any business
         activities other than those necessary for winding up its affairs?

         [ ]      Yes               [X]     No

         If Yes, describe the nature and extent of those activities:

VI.      MERGERS ONLY

26.      (a)      State the name of the fund surviving the Merger:  NATIONWIDE
                  MUTUAL FUNDS (F/K/A NATIONWIDE INVESTING FOUNDATION III)

         (b)      State the Investment Company Act file number of the fund
                  surviving the Merger: 811-08495

         (c)      If the merger or reorganization agreement has been filed with
                  the Commission, state the file number(s), form type used and
                  date the agreement was filed: AGREEMENT AND PLAN OF
                  REORGANIZATION DATED NOVEMBER 24, 1997, AS AMENDED DECEMBER
                  30, 1997, WAS FILED AS PART OF PRE-EFFECTIVE AMENDMENT NO. 1
                  TO NATIONWIDE INVESTING FOUNDATION III'S REGISTRATION
                  STATEMENT ON FORM N-14 (333-41175) ON JANUARY 7, 1998.

                                      -6-
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         (d)      If the merger or reorganization agreement has not been filed
                  with the Commission, provide a copy of the agreement as an
                  exhibit to this form


                                  VERIFICATION

                  The undersigned states that (i) she has executed this Form
N-8F application for an order under section 8(f) of the Investment Company Act
of 1940 on behalf of NATIONWIDE INVESTING FOUNDATION, (ii) she is the ASSISTANT
SECRETARY of NATIONWIDE INVESTING FOUNDATION, and (iii) all actions by
shareholders, directors, and any other body necessary to authorize the
undersigned to execute and file this Form N-8F application have been taken. The
undersigned also states that the facts set forth in this Form N-8F application
are true to the best of her knowledge, information and belief.

                                         /s/ Elizabeth A. Davin
September 21, 2000                       ---------------------------------------
                                         Elizabeth A. Davin, Assistant Secretary

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