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SUPPLEMENT DATED JULY 1, 1999 TO
PROSPECTUS DATED MAY 1, 1999 FOR
CORPORATE FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
ISSUED BY
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY
THROUGH ITS
NATIONWIDE VL 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 PAGES 7 THROUGH 8
OF YOUR PROSPECTUS, IS AMENDED AS FOLLOWS:
<TABLE>
UNDERLYING MUTUAL FUND ANNUAL EXPENSES
(AS A PERCENTAGE OF UNDERLYING MUTUAL FUND AVERAGE NET ASSETS, AFTER EXPENSE REIMBURSEMENT)
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<CAPTION>
Management Other 12b-1 Total Mutual-
Fees Expenses Fees Fund Expenses
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<S> <C> <C> <C> <C>
Morgan Stanley Dean Witter Universal Funds, Inc. - Emerging Markets Debt 0.27% 1.03% 0.00% 1.30%
Portfolio
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NSAT Capital Appreciation Fund 0.58% 0.22% 0.00% 0.80%
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NSAT Government Bond Fund 0.44% 0.22% 0.00% 0.66%
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NSAT Money Market Fund 0.34% 0.21% 0.00% 0.55%
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NSAT Total Return Fund 0.57% 0.21% 0.00% 0.78%
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NSAT Nationwide Small Cap Value Fund 0.47% 0.58% 0.00% 1.05%
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NSAT Nationwide Small Company Fund 1.00% 0.25% 0.00% 1.25%
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Van Eck Worldwide Insurance Trust - Worldwide Emerging Markets Fund 0.69% 0.61% 0.00% 1.30%
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Van Kampen Life Investment Trust - Morgan Stanley Real Estate Securities 1.00% 0.08% 0.00% 1.08%
Portfolio
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</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.
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<TABLE>
<CAPTION>
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Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
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<S> <C> <C> <C> <C>
Morgan Stanley Dean Witter Universal Funds, Inc. - Emerging Markets Debt 0.80% 1.25% 0.00% 2.05%
Portfolio
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NSAT Capital Appreciation Fund 0.60% 0.22% 0.00% 0.82%
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NSAT Government Bond Fund 0.50% 0.22% 0.00% 0.72%
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NSAT Money Market Fund 0.40% 0.21% 0.00% 0.61%
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NSAT Total Return Fund 0.59% 0.21% 0.00% 0.80%
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NSAT Nationwide Small Cap Value Fund 0.90% 0.58% 0.00% 1.48%
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Van Eck Worldwide Insurance Trust - Worldwide Emerging Markets Fund 1.00% 0.61% 0.00% 1.61%
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</TABLE>
2. THE FIRST SENTENCE OF THE SECOND PARAGRAPH OF THE "INTEREST" PROVISION
LOCATED ON PAGE 20 OF YOUR PROSPECTUS IS AMENDED AS FOLLOWS:
"On a current and guaranteed basis, cash value allocated to the policy loan
account is credited with interest at an annual effective rate of 3% in all
policy years."
3. THE FIRST PARAGRAPH OF THE "DOLLAR COST AVERAGING" PROVISION LOCATED ON
PAGE 21 OF YOUR PROSPECTUS IS AMENDED TO DELETE THE FOLLOWING SENTENCE:
"Policy owners may participate in this program if their policy value is at
least $15,000."
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