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SUPPLEMENT DATED JULY 1, 1999 TO
PROSPECTUS DATED MAY 1, 1999 FOR
Deferred Variable Annuity Contracts
ISSUED BY
Nationwide Life and Annuity Insurance Company
THROUGH ITS
Nationwide VA Separate Account-A
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 page 6 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)
- --------------------------------------------------------------------------------------------------------------------
Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NSAT Capital Appreciation Fund 0.58% 0.22% 0.00% 0.80%
- --------------------------------------------------------------------------------------------------------------------
NSAT Government Bond Fund 0.44% 0.22% 0.00% 0.66%
- --------------------------------------------------------------------------------------------------------------------
NSAT Money Market Fund 0.34% 0.21% 0.00% 0.55%
- --------------------------------------------------------------------------------------------------------------------
NSAT Total Return Fund 0.57% 0.21% 0.00% 0.78%
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
The expenses shown above are deducted by the underlying mutual fund before it
provides Nationwide with the daily net asset value. Nationwide then deducts
applicable variable account charges from the net asset value to calculate the
unit value of the corresponding sub-account. The management fees and other
expenses are more fully described in the prospectus for each underlying mutual
fund. Information relating to the underlying mutual funds was provided by the
underlying mutual funds and not independently verified by Nationwide.
Some underlying mutual funds are subject to fee waivers and expense
reimbursements. The following chart shows what the expenses would have been for
such funds without fee waivers and expense reimbursements.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NSAT Capital Appreciation Fund 0.60% 0.22% 0.00% 0.82%
- --------------------------------------------------------------------------------------------------------------------
NSAT Government Bond Fund 0.50% 0.22% 0.00% 0.72%
- --------------------------------------------------------------------------------------------------------------------
NSAT Money Market Fund 0.40% 0.21% 0.00% 0.61%
- --------------------------------------------------------------------------------------------------------------------
NSAT Total Return Fund 0.59% 0.21% 0.00% 0.80%
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
2. Information for the following underlying mutual funds contained in the
"Example" chart located on page 7 of your prospectus, is amended as
follows:
The following chart shows the amount of expenses (in dollars) that would be
incurred under this contract 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 less than those shown below.
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The example reflects expenses of both the variable account and the underlying
mutual funds. The example reflects the maximum amount of variable account
charges that could be assessed to a contract (1.30%).
The example reflects the Contract Maintenance Charge, expressed as a percentage
of average account value. Since the average account value is greater than
$1,000, the expense effect of the Contract Maintenance Charge is reduced
accordingly. Deductions for premium taxes are not reflected but may apply.
The summary of contract expenses and example are to help contract owners
understand the expenses associated with the contract.
<TABLE>
<CAPTION>
If you surrender your If you do not surrender your If you annuitize your contract
contract at the end of the contract at the end of the at the end of the applicable
applicable time period applicable time period time period
- --------------------------------------------------------------------------------------------------------------------------
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> <C>
NSAT Capital Appreciation 93 116 148 260 23 71 121 260 * 71 121 260
Fund
- --------------------------------------------------------------------------------------------------------------------------
NSAT Government Bond Fund 92 111 141 245 22 66 114 245 * 66 114 245
- --------------------------------------------------------------------------------------------------------------------------
NSAT Money Market Fund 90 108 135 233 20 63 108 233 * 63 108 233
- --------------------------------------------------------------------------------------------------------------------------
NSAT Total Return Fund 93 115 147 258 23 70 120 258 * 70 120 258
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
3. The first paragraph of the "Dollar Cost Averaging" provision on page 25 of
your prospectus is amended to delete the following sentence:
"Contract owners may participate in this program if their contract value
is $15,000 or more."
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