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SUPPLEMENT DATED JANUARY 1, 1998 TO
PROSPECTUS DATED MAY 1, 1997 FOR
INDIVIDUAL MODIFIED SINGLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTS
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY
BY ITS
NATIONWIDE FIDELITY ADVISOR VARIABLE ACCOUNT
THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS.
PLEASE READ IT AND KEEP IT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
1. THE FOLLOWING SENTENCE REPLACES THE FOURTH SENTENCE OF THE FIRST PARAGRAPH
LOCATED ON PAGE 1 OF THE PROSPECTUS:
The Contracts are sold either as Non-Qualified Contracts; as investment only
contracts issued to qualified pension, profit-sharing or stock bonus plans as
defined by Section 401(a) of the Internal Revenue Code of 1986, as amended (the
"Code"); Individual Retirement Annuities with contributions rolled-over or
transferred from certain tax-qualified plans such as Tax Sheltered Annuity
Plans, Qualified Plans or Individual Retirement Annuities; or as Tax Sheltered
Annuities with contributions rolled-over or transferred from other Tax
Sheltered Annuity Plans.
2. THE FOLLOWING INFORMATION REPLACES THE FIRST AND SECOND PARAGRAPHS OF THE
"SYNOPSIS" SECTION LOCATED ON PAGE 10 OF THE PROSPECTUS:
The following types of Contracts are described in this prospectus: (1)
Non-Qualified; (2) investment only contracts issued to qualified pension,
profit-sharing or stock bonus plans as defined by Section 401(a) of the Code;
(3) Individual Retirement Annuities, with contributions rolled-over or
transferred from certain tax-qualified plans such as Tax Sheltered Annuity
Plans, Qualified Plans or Individual Retirement Annuities; and (4) Tax
Sheltered Annuities, with contributions rolled-over or transferred from other
Tax Sheltered Annuities.
The initial first year Purchase Payment for Contracts issued as Non-Qualified
Contracts, Individual Retirement Annuities or Tax Sheltered Annuities must be
at least $15,000 and subsequent Purchase Payments, if any, must be at least
$1,000. For investment only contracts issued to qualified pension,
profit-sharing or stock bonus plans as defined by Section 401(a) of the Code,
the initial Purchase Payment must be at least $100,000 and subsequent Purchase
Payments, if any, at least $15,000. Subsequent Purchase Payments for any
Contract described in this prospectus are not permitted for Contracts issued in
the states of New York, Oregon and Washington, and may not be permitted in
other states under certain circumstances. The cumulative total of all Purchase
Payments may not exceed $1,000,000 without the prior consent of the Company
(see "Allocation of Purchase Payments and Contract Value").
3. THE FOLLOWING INFORMATION REPLACES THE SECOND PARAGRAPH OF THE "ALLOCATION
OF PURCHASE PAYMENTS AND CONTRACT VALUE" PROVISION LOCATED ON PAGE 18 OF
THE PROSPECTUS:
The initial first year Purchase Payment for Contracts issued as Non-Qualified
Contracts, Individual Retirement Annuities or Tax Sheltered Annuities must be
at least $15,000 and subsequent Purchase Payments, if any, must be at least
$1,000. For investment only contracts issued to qualified pension,
profit-sharing or stock bonus plans as defined by Section 401(a) of the Code,
the initial Purchase Payment must be at least $100,000 and subsequent Purchase
Payments, if any, at least $15,000. Subsequent Purchase Payments for any type
of Contract described in this prospectus, are not permitted for Contracts
issued in the states of New York, Oregon and Washington, and may not be
permitted in other states under certain circumstances. The cumulative total of
all Purchase Payments may not exceed $1,000,000 without the prior consent of
the Company.
