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[LOGO]
Nationwide(R)
Nationwide(R)
VA Separate Account-C
SEMI-ANNUAL REPORT
TO
CONTRACT OWNERS
JUNE 30, 1999
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY
HOME OFFICE: COLUMBUS, OHIO
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[LOGO]
Nationwide(R)
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY
ONE NATIONWIDE PLAZA, COLUMBUS, OHIO 43215-2220
[PICTURE]
PRESIDENT'S MESSAGE
On behalf of Nationwide Life and Annuity Insurance Company, we are
pleased to present the 1999 semi-annual report of the Nationwide VA
Separate Account-C.
Equity investments performed well during the first half of 1999 with
the major market indices showing double-digit gains. Fixed income
investments did not fare as well during this period in the face of
the Federal Reserve's inflation cautiousness. The Fed is mindful of
the resilient U.S. economy and the increasingly tight labor pool
that portends future wage inflation. Accordingly, we have seen a
ratcheting-up of short-term interest rates to dampen the momentum of
the current expansion. How aggressively the Fed may react to the
perceived inflation threat only adds uncertainty to the already
jittery equity markets. Over the long term, however, a slower but
sustainable rate of growth, with low inflation, provides a favorable
environment for further advances in financial assets.
At mid-year, we are pleased to report that all the mission-critical
systems used to service our variable annuity and variable life
business have been internally inventoried, assessed and tested as
being Year 2000 compliant. We are currently contacting our critical
business partners to determine if they will be Year 2000 compliant.
Contingency plans are being developed and are to be completed by the
end of the third quarter. All these steps are being taken to assure
that Nationwide Financial will be able to continue to serve your
financial needs into the Year 2000 and beyond.
Thank you for selecting Nationwide Financial to help you achieve
your financial planning and retirement savings goals. You have our
commitment to provide the consistent, high quality service you
expect and deserve.
/s/ Joseph J. Gasper
Joseph J. Gasper, President
August 19, 1999
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NATIONWIDE VA SEPARATE ACCOUNT-C
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY
JUNE 30, 1999
(UNAUDITED)
ASSETS:
Investments at market value:
Fidelity VIP - Equity-Income Portfolio (FidVIPEI)
5,161,908 shares (cost $112,071,433)................... $ 140,661,981
Fidelity VIP - Overseas Portfolio (FidVIPOv)
1,015,557 shares (cost $19,010,861).................... 21,123,588
Nationwide SAT - Money Market Fund (NSATMyMkt)
10,828,141 shares (cost $10,828,141)................... 10,828,141
Nationwide SAT - Total Return Fund (NSATTotRe)
4,670,366 shares (cost $72,242,771).................... 94,761,717
One Group - Asset Allocation Fund (OGAstAll)
9,537,338 shares (cost $133,899,394)................... 150,213,075
One Group - Equity Index Fund (OGEqIx)
2,607,127 shares (cost $28,274,889).................... 31,989,446
One Group - Government Bond Fund (OGGvtBd)
5,593,088 shares (cost $58,508,929).................... 57,105,430
One Group - Growth Opportunities Fund (OGGrOpp)
5,508,805 shares (cost $80,376,886).................... 106,705,542
One Group - Large Company Growth Fund (OGLgCoGr)
10,546,442 shares (cost $186,058,560).................. 266,192,192
-------------
Total investments.................................. 879,581,112
Accounts receivable......................................... 34,734
-------------
Total assets....................................... 879,615,846
Accounts payable .............................................. 6,149
-------------
Contract owners' equity........................................ $ 879,609,697
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<TABLE>
<CAPTION>
Contract owners' equity represented by: UNITS UNIT VALUE RETURN*
--------- ----------- ---------
<S> <C> <C> <C> <C>
Fidelity VIP - Equity-Income Portfolio:
Tax qualified................................. 1,996,034 $ 23.771055 $ 47,447,834 12%
Non-tax qualified............................. 3,921,033 23.771055 93,207,091 12%
Fidelity VIP - Overseas Portfolio:
Tax qualified................................. 384,011 15.192910 5,834,245 7%
Non-tax qualified............................. 1,006,357 15.192910 15,289,491 7%
Nationwide SAT - Money Market Fund:
Tax qualified................................. 338,159 12.030488 4,068,218 2%
Non-tax qualified............................. 567,186 12.030488 6,823,524 2%
Nationwide SAT - Total Return Fund:
Tax qualified................................. 1,299,743 24.516311 31,864,904 10%
Non-tax qualified............................. 2,565,162 24.516311 62,888,309 10%
One Group - Asset Allocation Fund:
Tax qualified................................. 2,331,208 19.323528 45,047,163 5%
Non-tax qualified............................. 5,338,091 19.323528 103,150,751 5%
Initial Funding by Depositor (note 1a)........ 97,500 20.595179 2,008,030 6%
One Group - Equity Index Fund:
Tax qualified................................. 634,046 12.247828 7,765,686 12%
Non-tax qualified............................. 1,723,984 12.247828 21,115,060 12%
Initial Funding by Depositor (note 1a)........ 250,000 12.435640 3,108,910 13%
One Group - Government Bond Fund:
Tax qualified................................. 1,241,845 12.908597 16,030,477 (2)%
Non-tax qualified............................. 2,648,624 12.908597 34,190,020 (2)%
Initial Funding by Depositor (note 1a)........ 500,000 13.758482 6,879,241 (2)%
One Group - Growth Opportunities Fund:
Tax qualified................................. 1,298,322 24.612919 31,955,494 4%
Non-tax qualified............................. 3,034,395 24.612919 74,685,318 4%
Initial Funding by Depositor (note 1a)........ 2,500 26.232800 65,582 5%
One Group - Large Company Growth Fund:
Tax qualified................................. 2,778,441 28.417857 78,957,339 11%
Non-tax qualified............................. 6,268,623 28.417857 178,140,832 11%
Initial Funding by Depositor (note 1a)........ 300,000 30.287260 9,086,178 12%
========= ========= -------------
$ 879,609,697
============
</TABLE>
* The period return does not include contract charges satisfied by surrendering
units.
See accompanying notes to financial statements.
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NATIONWIDE VA SEPARATE ACCOUNT-C
STATEMENTS OF OPERATIONS AND CHANGES IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
TOTAL FIDVIPEI
------------------------------- ------------------------------
1999 1998 1999 1998
--------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends .......................... $ 5,918,868 3,866,028 1,797,880 1,240,121
Mortality, expense and administration
charges (note 2) ............................ (4,847,928) (2,864,730) (832,785) (653,269)
-------------- -------------- -------------- --------------
Net investment activity...................... 1,070,940 1,001,298 965,095 586,852
-------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold.......... 7,540,500 7,706,235 919,192 338,374
Cost of mutual fund shares sold................ (6,277,464) (6,993,992) (598,903) (208,118)
-------------- -------------- -------------- --------------
Realized gain (loss) on investments.......... 1,263,036 712,243 320,289 130,256
Change in unrealized gain (loss) on investments 53,535,690 50,365,763 9,507,708 3,682,917
-------------- -------------- -------------- --------------
Net gain (loss) on investments............... 54,798,726 51,078,006 9,827,997 3,813,173
-------------- -------------- -------------- --------------
Reinvested capital gains....................... 4,901,173 5,282,141 3,974,261 4,413,373
-------------- -------------- -------------- --------------
Net increase (decrease) in contract owners'
equity resulting from operations ........ 60,770,839 57,361,445 14,767,353 8,813,398
-------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ............................. 159,107,690 124,201,523 12,742,966 19,123,204
Transfers between funds........................ - - (2,212,669) 477,763
Redemptions.................................... (21,556,235) (11,451,269) (3,966,310) (2,376,434)
Contingent deferred sales charges (note 2) .... (679,424) (362,018) (104,820) (68,152)
Adjustments to maintain reserves............... (34,674) (3,591) (7,086) (7,672)
-------------- -------------- -------------- --------------
Net equity transactions.................... 136,836,916 112,384,623 6,452,004 17,148,711
-------------- -------------- -------------- --------------
Net change in contract owners' equity............ 197,607,755 169,746,068 21,219,357 25,962,109
Contract owners' equity beginning of period ..... 682,001,942 376,862,470 119,435,568 86,585,366
-------------- -------------- -------------- --------------
contract owners' equity end of period............ $ 879,609,697 546,608,538 140,654,925 112,547,475
============== ============== ============== ==============
</TABLE>
<TABLE>
<CAPTION>
FIDVIPOV NSATMYMKT
------------------------------ ------------------------------
1999 1998 1999 1998
------------- -------------- -------------- --------------
<S> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends .......................... 293,246 294,761 227,793 241,897
Mortality, expense and administration
charges (note 2) ............................ (128,655) (111,680) (65,183) (60,633)
------------- -------------- -------------- --------------
Net investment activity...................... 164,591 183,081 162,610 181,264
------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold.......... 691,618 667,495 3,520,462 4,480,433
Cost of mutual fund shares sold................ (562,733) (544,614) (3,520,462) (4,480,433)
------------- -------------- -------------- --------------
Realized gain (loss) on investments.......... 128,885 122,881 - -
Change in unrealized gain (loss) on investments 662,764 1,091,836 - -
------------- -------------- -------------- --------------
Net gain (loss) on investments............... 791,649 1,214,717 - -
------------- -------------- -------------- --------------
Reinvested capital gains....................... 472,977 868,768 - -
------------- -------------- -------------- --------------
Net increase (decrease) in contract owners'
equity resulting from operations ........ 1,429,217 2,266,566 162,610 181,264
------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ............................. 1,726,272 2,251,581 1,654,924 4,155,820
Transfers between funds........................ (267,357) (335,442) (134,817) (4,065,271)
Redemptions.................................... (752,400) (438,719) (509,110) (107,990)
Contingent deferred sales charges (note 2) .... (26,169) (20,584) (12,662) (4,062)
Adjustments to maintain reserves............... 141 73 218 (52)
------------- -------------- -------------- --------------
Net equity transactions.................... 680,481 1,456,902 998,553 (21,555)
------------- -------------- -------------- --------------
Net change in contract owners' equity............ 2,109,698 3,723,468 1,161,163 159,709
Contract owners' equity beginning of period ..... 19,014,038 15,092,594 9,730,579 8,799,843
------------- -------------- -------------- --------------
contract owners' equity end of period............ 21,123,736 18,816,062 10,891,742 8,959,552
============= ============== ============== ==============
</TABLE>
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NATIONWIDE VA SEPARATE ACCOUNT-C
STATEMENTS OF OPERATIONS AND CHANGES IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
NSATTOTRE OGASTALL
------------------------------- ------------------------------
1999 1998 1999 1998
--------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ......................... $ 339,622 354,537 1,551,556 752,290
Mortality, expense and administration
charges (note 2) ........................... (557,578) (406,032) (793,358) (346,107)
-------------- -------------- -------------- --------------
Net investment activity..................... (217,956) (51,495) 758,198 406,183
-------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold......... 392,774 324,558 85,779 140,532
Cost of mutual fund shares sold............... (233,428) (204,058) (55,824) (106,420)
-------------- -------------- -------------- --------------
Realized gain (loss) on investments......... 159,346 120,500 29,955 34,112
Change in unrealized gain (loss) on investments 8,467,223 7,703,592 4,959,482 4,765,518
-------------- -------------- -------------- --------------
Net gain (loss) on investments.............. 8,626,569 7,824,092 4,989,437 4,799,630
-------------- -------------- -------------- --------------
Reinvested capital gains...................... 38,609 - 396,595 -
-------------- -------------- -------------- --------------
Net increase (decrease) in contract owners'
equity resulting from operations ....... 8,447,222 7,772,597 6,144,230 5,205,813
-------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ............................ 9,567,591 12,502,105 43,086,023 28,099,898
Transfers between funds....................... (950,033) 630,403 969,898 1,100,551
Redemptions................................... (2,211,325) (1,470,832) (2,944,336) (1,359,619)
Contingent deferred sales charges (note 2) ... (62,706) (47,528) (94,838) (31,017)
Adjustments to maintain reserves.............. (8,514) (418) (7,050) (1,378)
-------------- -------------- -------------- --------------
Net equity transactions................... 6,334,919 11,613,724 41,009,618 27,808,437
-------------- -------------- -------------- --------------
Net change in contract owners' equity........... 14,782,141 19,386,321 47,153,848 33,014,250
Contract owners' equity beginning of period .... 79,971,072 52,503,643 103,052,096 40,816,490
-------------- -------------- -------------- --------------
contract owners' equity end of period........... $ 94,753,213 71,889,964 150,205,944 73,830,740
============== ============== ============== ==============
</TABLE>
<TABLE>
<CAPTION>
OGEQIX OGGVTBD
------------------------------ ------------------------------
1999 1998 1999 1998
------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ......................... 158,861 4,925 1,351,503 707,614
Mortality, expense and administration
charges (note 2) ........................... (121,097) (614) (277,658) (120,937)
------------- -------------- -------------- --------------
Net investment activity..................... 37,764 4,311 1,073,845 586,677
------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold......... 81,281 12 696,965 970,177
Cost of mutual fund shares sold............... (70,039) (12) (699,426) (955,681)
------------- -------------- -------------- --------------
Realized gain (loss) on investments......... 11,242 - (2,461) 14,496
Change in unrealized gain (loss) on investments 2,457,888 37,529 (2,157,025) 243,966
------------- -------------- -------------- --------------
Net gain (loss) on investments.............. 2,469,130 37,529 (2,159,486) 258,462
------------- -------------- -------------- --------------
Reinvested capital gains...................... - - 2,360 -
------------- -------------- -------------- --------------
Net increase (decrease) in contract owners'
equity resulting from operations ....... 2,506,894 41,840 (1,083,281) 845,139
------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ............................ 15,146,454 3,560,308 17,475,813 7,509,330
Transfers between funds....................... 920,813 75,298 (87,588) 252,915
Redemptions................................... (273,570) (1,111) (1,399,679) (901,551)
Contingent deferred sales charges (note 2) ... (13,773) - (39,352) (14,741)
Adjustments to maintain reserves.............. 210 1 (5,694) 8,918
------------- -------------- -------------- --------------
Net equity transactions................... 15,780,133 3,634,496 15,943,439 6,854,871
------------- -------------- -------------- --------------
Net change in contract owners' equity........... 18,287,027 3,676,336 14,860,158 7,700,010
Contract owners' equity beginning of period .... 13,702,629 - 42,239,580 22,385,957
------------- -------------- -------------- --------------
contract owners' equity end of period........... 31,989,656 3,676,336 57,099,738 30,085,967
============= ============== ============== ==============
(Continued)
</TABLE>
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NATIONWIDE VA SEPARATE ACCOUNT-C
STATEMENTS OF OPERATIONS AND CHANGES IN CONTRACT OWNERS' EQUITY
SIX MONTH PERIODS ENDED JUNE 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
OGGROPP OGLGCOGR
------------------------------ ------------------------------
1999 1998 1999 1998
-------------- -------------- -------------- --------------
<S> <C> <C> <C> <C>
INVESTMENT ACTIVITY:
Reinvested dividends ......................... $ - - 198,407 269,883
Mortality, expense and administration
charges (note 2) ........................... (613,381) (398,665) (1,458,233) (766,793)
-------------- -------------- -------------- --------------
Net investment activity..................... (613,381) (398,665) (1,259,826) (496,910)
-------------- -------------- -------------- --------------
Proceeds from mutual fund shares sold......... 426,704 280,786 725,725 503,868
Cost of mutual fund shares sold............... (238,451) (199,314) (298,198) (295,342)
-------------- -------------- -------------- --------------
Realized gain (loss) on investments......... 188,253 81,472 427,527 208,526
Change in unrealized gain (loss) on investments 4,819,641 8,592,216 24,818,009 24,248,189
-------------- -------------- -------------- --------------
Net gain (loss) on investments.............. 5,007,894 8,673,688 25,245,536 24,456,715
-------------- -------------- -------------- --------------
Reinvested capital gains...................... - - 16,371 -
-------------- -------------- -------------- --------------
Net increase (decrease) in contract owners'
equity resulting from operations ....... 4,394,513 8,275,023 24,002,081 23,959,805
-------------- -------------- -------------- --------------
EQUITY TRANSACTIONS:
Purchase payments received from
contract owners ............................ 12,774,504 13,621,373 44,933,143 33,377,904
Transfers between funds....................... (350,316) 515,269 2,112,069 1,348,514
Redemptions................................... (2,679,237) (1,307,304) (6,820,268) (3,487,709)
Contingent deferred sales charges (note 2) ... (98,476) (53,205) (226,627) (122,729)
Adjustments to maintain reserves.............. 867 113 (7,766) (3,176)
-------------- -------------- -------------- --------------
Net equity transactions................... 9,647,334 12,776,239 39,990,435 31,112,798
-------------- -------------- -------------- --------------
Net change in contract owners' equity........... 14,041,847 21,051,262 63,992,516 55,072,603
Contract owners' equity beginning of period .... 92,664,547 50,818,466 202,191,833 99,860,111
-------------- -------------- -------------- --------------
contract owners' equity end of period........... $ 106,706,394 71,869,728 266,184,349 154,932,714
============== ============== ============== ==============
</TABLE>
See accompanying notes to financial statements.
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NATIONWIDE VA SEPARATE ACCOUNT-C
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1999 AND 1998
(UNAUDITED)
(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Organization and Nature of Operations
Nationwide VA~Separate Account-C (the Account) was established pursuant
to a resolution of the Board of Directors of Nationwide Life and
Annuity Insurance Company (the Company) on July 24, 1991. The Account
has been registered as a unit investment trust under the Investment
Company Act of 1940.
On August 17, 1994, the Company (Depositor) transferred to the Account
97,500 shares of the One Group-Asset Allocation Fund, 500,000 shares of
the One Group-Government Bond Fund, 2,500 shares of the One
Group-Growth Opportunities Fund and 300,000 shares of the One
Group-Large Company Growth Fund, for which the Account was credited
with 97,500 units of the One Group-Asset Allocation Fund, 500,000 units
of the One Group-Government Bond Fund, 2,500 units of the One
Group-Growth Opportunities Fund and 300,000 units of the One
Group-Large Company Growth Fund. These amounts represent the initial
funding of the Account. The value of the units purchased by the Company
on August 17, 1994 was $9,000,000.
On May 1, 1998, the Company (Depositor) transferred to the Account,
250,000 shares of the One Group-Equity Index Fund, for which the
Account was credited with 250,000 units of the foregoing One Group
Fund. The value of the units purchased by the Company on May 1, 1998
was $2,500,000.
The Company offers tax qualified and non-tax qualified Individual
Deferred Variable Annuity Contracts through the Account. The primary
distribution for the contracts is through banks and other financial
institutions.
(b) The Contracts
Only contracts without a front-end sales charge, but with a contingent
deferred sales charge and certain other fees, are offered for purchase.
See note 2 for a discussion of contract expenses.
With certain exceptions, contract owners in either the accumulation or
the payout phase may invest in any of the following funds:
<TABLE>
<CAPTION>
<S> <C>
Portfolios of the Fidelity Variable Insurance Products Fund (Fidelity VIP);
Fidelity VIP - Equity-Income Portfolio (FidVIPEI)
Fidelity VIP - Overseas Portfolio (FidVIPOv)
Funds of the Nationwide Separate Account Trust (Nationwide SAT) (managed for a fee by an
affiliated investment advisor);
Nationwide SAT - Money Market Fund (NSATMyMkt)
Nationwide SAT - Total Return Fund (NSATTotRe)
</TABLE>
Funds of The One Group(R) Investment Trust (One Group);
One Group - Asset Allocation Fund (OGAstAll)
One Group - Equity Index Fund (OGEqIx)
One Group - Government Bond Fund (OGGvtBd)
One Group - Growth Opportunities Fund (OGGrOpp)
One Group - Large Company Growth Fund (OGLgCoGr)
At June 30, 1999, contract owners have invested in all of the above
funds. The contract owners' equity is affected by the investment
results of each fund, equity transactions by contract owners and
certain contract expenses (see note 2). The accompanying financial
statements include only contract owners' purchase payments pertaining
to the variable portions of their contracts and exclude any purchase
payments for fixed dollar benefits, the latter being included in the
accounts of the Company.
9
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A contract owner may choose from among a number of different underlying
mutual fund options. The underlying mutual fund options are not
available to the general public directly. The underlying mutual funds
are available as investment options in variable life insurance policies
or variable annuity contracts issued by life insurance companies or, in
some cases, through participation in certain qualified pension or
retirement plans.
Some of the underlying mutual funds have been established by investment
advisers which manage publicly traded mutual funds having similar names
and investment objectives. While some of the underlying mutual funds
may be similar to, and may in fact be modeled after, publicly traded
mutual funds, the underlying mutual funds are not otherwise directly
related to any publicly traded mutual fund. Consequently, the
investment performance of publicly traded mutual funds and any
corresponding underlying mutual funds may differ substantially.
(c) Security Valuation, Transactions and Related Investment Income
The market value of the underlying mutual funds is based on the closing
net asset value per share at June 30, 1999. The cost of investments
sold is determined on a specific identification basis. Investment
transactions are accounted on the trade date (date the order to buy or
sell is executed) and dividend income is recorded on the ex-dividend
date.
(d) Federal Income Taxes
Operations of the Account form a part of, and are taxed with,
operations of the Company, which is taxed as a life insurance company
under the provisions of the Internal Revenue Code.
The Company does not provide for income taxes within the Account. Taxes
are the responsibility of the contract owner upon termination or
withdrawal.
(e) Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with generally
accepted accounting principles may require management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities, if
any, at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Actual results
could differ from those estimates.
(2) EXPENSES
The Company does not deduct a sales charge from purchase payments received
from the contract owners. However, if any part of the contract value of
such contracts is surrendered, the Company will, with certain exceptions,
deduct from a contract owner's contract value a contingent deferred sales
charge not to exceed 7% of the lesser of purchase payments or the amount
surrendered, such charge declining 1% per year, to 0%, after the purchase
payment has been held in the contract for 84 months. No sales charges are
deducted on redemptions used to purchase units in the fixed investment
options of the Company.
The Company deducts a mortality risk charge, an expense risk charge and an
administration charge assessed through the daily unit value calculation
equal to an annual rate of 0.80%, 0.45% and 0.05%, respectively. No charges
are deducted from the initial funding by the Depositor, or from earnings
thereon.
(3) RELATED PARTY TRANSACTIONS
The Company performs various services on behalf of the Mutual Fund
Companies in which the Account invests and may receive fees for the
services performed. These services include, among other things, shareholder
communications, preparation, postage, fund transfer agency and various
other record keeping and customer service functions. These fees are paid to
an affiliate of the Company.
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--------------
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY Bulk Rate
HOME OFFICE: ONE NATIONWIDE PLAZA - COLUMBUS, OHIO 43215-2220 U.S. Postage
PAID
Columbus, Ohio
Permit No. 521
--------------
Nationwide(R) is a registered federal service mark of Nationwide Mutual
Insurance Company
