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SUPPLEMENT DATED JULY 1, 1999 TO
PROSPECTUS DATED MAY 3, 1999 FOR
GROUP FLEXIBLE FUND RETIREMENT CONTRACTS
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY
THROUGH ITS
NATIONWIDE DC VARIABLE ACCOUNT
THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS. PLEASE
READ IT AND KEEP IT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
1. INFORMATION FOR THE FOLLOWING UNDERLYING MUTUAL FUNDS CONTAINED IN THE
"UNDERLYING MUTUAL FUND ANNUAL EXPENSES" TABLE LOCATED ON PAGES 6 THROUGH 8
OF YOUR PROSPECTUS, IS AMENDED AS FOLLOWS:
<TABLE>
<CAPTION>
UNDERLYING MUTUAL FUND ANNUAL EXPENSES
(AS A PERCENTAGE OF UNDERLYING MUTUAL FUND AVERAGE NET ASSETS, AFTER EXPENSE REIMBURSEMENT)
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Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Nationwide(R)Bond Fund - Class D 0.50% 0.36% 0.00% 0.86%
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Nationwide(R)Fund - Class D 0.56% 0.21% 0.00% 0.77%
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Nationwide(R)Growth Fund - Class D 0.58% 0.27% 0.00% 0.85%
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Nationwide(R)Money Market Fund 0.40% 0.29% 0.00% 0.69%
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NSAT Nationwide Small Company Fund 1.00% 0.25% 0.00% 1.25%
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</TABLE>
2. INFORMATION FOR THE FOLLOWING UNDERLYING MUTUAL FUNDS CONTAINED IN THE
"EXAMPLE" CHART LOCATED ON PAGES 9 THROUGH 11 OF YOUR PROSPECTUS, IS
AMENDED AS FOLLOWS:
EXAMPLE
The following chart shows the amount of expenses (in dollars) that would be
incurred under the contracts assuming a $1,000 investment, 5% annual return, and
no change in expenses. These dollar figures are illustrative only and should not
be considered a representation of past or future expenses. Actual expenses may
be greater or lesser than those shown below.
The example reflects expenses of both the variable account and the underlying
mutual funds. The example reflects CDSC at 5% of total purchase payments and the
maximum Variable Account Annual Expense Fee (0.95% of average account value).
Deductions for premium taxes are not reflected but may apply. The example also
reflects the Participant Account Maintenance Charge, expressed as a percentage
of average account value. Since the average contract value is greater than
$1,000, the expense effect of the Participant Account Maintenance Charge is
reduced accordingly.
The summary of contract expenses and example are to help contract owners
understand expenses associated with the contracts.
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<TABLE>
<CAPTION>
If you surrender your contract If you do not surrender your If you annuitize your contract at
the end of the applicable contract at the end of the at the end of the applicable
time period applicable time period time period
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1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Nationwide(R)Bond Fund - 69 109 151 269 19 59 101 219 * 59 101 219
Class D
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Nationwide(R)Fund - Class D 68 106 146 259 18 56 96 209 * 56 96 209
- -----------------------------------------------------------------------------------------------------------------------------
Nationwide(R)Growth Fund - 69 108 151 268 19 58 101 218 * 58 101 218
Class D
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Nationwide(R)Money Market Fund 67 103 142 250 17 53 92 200 * 53 92 200
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NSAT Nationwide Small 73 121 172 311 23 71 122 261 * 71 122 261
Company Fund
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</TABLE>
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