<PAGE>   1

                                SUPPLEMENT DATED
                               DECEMBER 23, 1997
                                       TO
                                PROSPECTUS DATED
                               FEBRUARY 28, 1997
                                        
                        NATIONWIDE INVESTING FOUNDATION
                       NATIONWIDE INVESTING FOUNDATION II


The following is added as a separate paragraph under the section entitled
"RETIREMENT PLANS" under INVESTOR SERVICES on page 23 of the prospectus:

Beginning January 1, 1998, Shares of the Funds may be purchased for Roth IRAs
and for Education IRAs, For more information, please call NAS at 1-800-848-0920.





































Please keep this supplement with your prospectus for further reference.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission