<PAGE> 1
SUPPLEMENT DATED SEPTEMBER 27, 1999 TO
PROSPECTUS DATED MAY 1, 1999 FOR
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE POLICIES
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY
THROUGH ITS
NATIONWIDE VLI SEPARATE ACCOUNT - 2
THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS. PLEASE
READ IT AND KEEP IT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
1. EFFECTIVE JULY 6, 1999, ALL REFERENCES TO WARBURG PINCUS ASSET
MANAGEMENT, INC. IN YOUR PROSPECTUS CHANGED TO:
Credit Suisse Asset Management, LLC
2. THE FOLLOWING UNDERLYING MUTUAL FUNDS ARE NO LONGER AVAILABLE AS
INVESTMENT OPTIONS FOR POLICIES ISSUED ON OR AFTER SEPTEMBER 27, 1999:
<TABLE>
<S> <C>
American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation
Strong Variable Insurance Funds, Inc. - Strong Discovery Fund II, Inc.
Strong Variable Insurance Funds, Inc. - International Stock Fund II
Warburg Pincus Trust - International Equity Portfolio
Warburg Pincus Trust - Post-Venture Capital Portfolio
</TABLE>
CURRENT POLICIES ARE NOT AFFECTED BY THIS CHANGE.
3. EFFECTIVE SEPTEMBER 1, 1999 "APPENDIX A: OBJECTIVES FOR UNDERLYING
MUTUAL FUNDS" LOCATED ON PAGES 40 THROUGH 48 OF YOUR PROSPECTUS IS
AMENDED AS FOLLOWS:
NATIONWIDE SEPARATE ACCOUNT TRUST
Nationwide Separate Account Trust ("NSAT") is a diversified open-end
management investment company created under the laws of Massachusetts.
NSAT offers shares in the mutual funds listed below, each with its own
investment objectives. Shares of NSAT will be sold primarily to
separate accounts to fund the benefits under variable life insurance
policies and variable annuity contracts issued by life insurance
companies. Effective September 1, 1999, the investment advisory
services previously performed by Nationwide Advisory Services ("NAS")
were transferred to Villanova Mutual Fund Capital Trust ("VMF"), an
affiliate of NAS and an indirect subsidiary of Nationwide Financial
Services, Inc. The portfolio managers and subadvisers for each of the
Funds continue to manage the Funds after the transfer to VMF.
1
