<PAGE> 1
SUPPLEMENT DATED FEBRUARY 24, 1997
PROSPECTUS DATED MAY 1, 1996 FOR
INDIVIDUAL DEFERRED VARIABLE ANNUITY CONTRACTS
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY ("COMPANY")
THROUGH 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. Pursuant to an application filed by the Company and Fidelity Investments
Institutional Services Company, Inc. ("Fidelity"), the Securities and
Exchange Commission ("SEC") has granted an Order permitting the
substitution of certain underlying Mutual Funds available in the Nationwide
Fidelity Advisor Separate Account ("Separate Account") as specified in the
following table:
<TABLE>
<CAPTION>
FUNDS TO BE REPLACED SUBSTITUTION FUNDS
-------------------- ------------------
- --------------------------------------------------- -----------------------------------------------------------------
<S> <C>
Fidelity Advisor Annuity - Fidelity Variable Insurance Products Fund - High Income
High Yield Fund Portfolio
- --------------------------------------------------- -----------------------------------------------------------------
Fidelity Advisor Annuity - Fidelity Variable Insurance Products Fund - Money Market
Money Market Fund Portfolio
- --------------------------------------------------- -----------------------------------------------------------------
Fidelity Advisor Annuity - Fidelity Variable Insurance Products Fund - Overseas Portfolio
Overseas Fund
- --------------------------------------------------- -----------------------------------------------------------------
Fidelity Advisor Annuity - Fidelity Variable Insurance Products Fund - Investment Grade
Government Investment Fund Bond Portfolio
- --------------------------------------------------- -----------------------------------------------------------------
</TABLE>
2. The Company has established March 14, 1997, as the "Exchange Date" on which
all the underlying Mutual FUNDS TO BE REPLACED (as shown in the foregoing
table) will be eliminated in favor of the SUBSTITUTION FUNDS indicated.
On that date, assets remaining in the FUNDS TO BE REPLACED will be
transferred to the corresponding SUBSTITUTION FUND automatically. This
transaction will not affect existing Contract Values or result in the
imposition of additional fees or charges of any kind. The FUNDS TO BE
REPLACED will not be available after the Exchange Date.
3. Until the Exchange Date and after the Exchange Date, Values may be
transferred among the Sub-Accounts in accordance with procedures governing
such transactions (see the "Transfers" section of your prospectus).
