the best of america® america’s vision annuity® look … choices performance report january 31,...

Investment choices performance report

January 31, 2010

The Best of America® America’s VISION Annuity®

Look to your future

What is a variable annuity?A variable annuity is an insurance contract designed to

help you create a fixed or variable stream of retirement

income through a process called annuitization. With

a variable annuity, you can invest in one product with

multiple underlying investment options and direct

money into subaccounts based on how much risk

you’re willing to take.

Variable annuities are for long-term investing; they’re

not appropriate for short-term financial goals. And

variable annuities have fees and charges that include

mortality and expense fees, administrative fees

and contract maintenance fees. These fees are a

percentage of the investment account value.

What kind of investments can I choose from?Variable annuities offer a wide range of professionally

managed investment options. With choices like equity,

bond and money market funds, you can create a

portfolio designed to meet your investment goals.

Please keep in mind that because these investment

choices are subject to market fluctuation, investment

risk and possible loss of principal, your annuity’s value

will vary depending on how they perform.

Investment choices within a variable annuity are not

publicly traded mutual funds and are only available

for purchase in variable products. Fees in investment

choices cover the fund manager’s services and the

costs of the underlying investments.

Why should I consider a variable annuity?Variable annuities offer tax deferral and compounding

— unique features that can help you prepare for

retirement. Investment gains within a variable annuity

are tax deferred, meaning they’re not taxed until you

take money from the annuity. This allows more of

your money to remain invested. And when combined

with the power of compounding, your investment

has the potential to accumulate faster than taxable

investments earning the same rate of return.

When you decide to withdraw money from a variable

annuity, the taxable portion will be subject to ordinary

income tax. If you take your money out early, surrender

charges may apply and, if you take it out before age

59½, a 10% federal tax penalty may apply.

When would I be able to draw income from an annuity?Income from an annuity can be either deferred or

immediate depending on the type of annuity you own

and its features. Keep in mind that the guarantee of

continued payments depends on the claims-paying

ability of the insurance company.

Deferred annuitiesDeferred annuities are designed to help you grow your

assets and provide income at a later time. They’re for

long-term goals, like planning for retirement. They can

be purchased through payments over time or with a

single payment.

Immediate annuitiesImmediate annuities are designed to start providing

income right away. They’re usually purchased with

a lump-sum payment by people who have already

retired or are close to retirement.

What are the other benefits?Some variable annuities offer living benefits, like

guaranteed accumulation, guaranteed withdrawal

benefits or principal protection for extra security, at

an additional cost.

Most variable annuities offer a death benefit — a

payment made to your beneficiary after your death —

which will be adjusted proportionally for any previous

withdrawals. Other benefits, known as riders, may be

offered at an additional cost as optional features.

When you have questions — we have answers.Nationwide® wants you to look to your future. When you invest in an annuity, you set the stage to receive income in the future.

Investment choices performance report NFS-0008-0110

Quality investments, confident choices

What matters most to you also matters to us. That’s why our team of investment specialists devotes both time and effort to build a lineup of quality investment options that you can choose from with confidence. We do the homework for you — researching investments, crunching the numbers and looking for options that have demonstrated consistency in style, management and performance over time.

The result is a lineup of investment options from brand-name managers across multiple asset classes. For the investment options that bear the Nationwide Variable Insurance Trust (NVIT) name, we’ve hired many of these managers as subadvisors to bring their strategies and experience to your portfolio. Other investment options are available to you directly from third-party managers.

We brought investors like you greater choice back in 1982 by pioneering the multi-manager approach to variable insurance products. Today, you can benefit from Nationwide’s experience as a “manager of managers” to bring you the investment options that can help you meet your financial goals.

It’s natural to want to know how your investments are doing over time

This performance report shows how the investment choices within this variable annuity have performed over a series of time periods. These investment choices are not publicly traded mutual funds and are only available for purchase in variable products.

Fees and expenses

Fees and expenses charged by the investment choices cover the cost of the underlying investment as well as the fund manager’s services, and they are reflected in the performance figures.

Annual maintenance charge: $0 Mortality and expense risk charge: 1.40%

Contingent deferred sales charge (CDSC):

Performance figures do not reflect the cost of optional riders. If the cost were included, performance figures would be lower.

Year 0 1 2 3 4 5 6 7

CDSC 7% 6% 5% 4% 3% 2% 1% 0%

Helpful terms

Annual maintenance charge: A fee charged to cover yearly expenses.

Asset allocation: The mixture of asset classes an investor chooses based on his or her time horizon and risk tolerance. Markets are volatile and can decline in response to adverse developments. The use of asset allocation does not guarantee returns or protect you from potential losses.

Asset class: A group of investments with similar characteristics, such as stocks, bonds or cash.

Closed fund: A fund that is no longer accepting contributions from investors.

Contingent deferred sales charge: A charge for withdrawals over a set time period that is highest at the beginning and drops to zero at the end of the time period.

Current yield: A measure of the return an investor might expect if he or she purchased an investment and held it for one year.

Inception date: The date the fund first became available to investors.

Inclusion date: The date the fund was added to the Nationwide® separate account.

Mortality and expense risk charge: A fee assessed as a percentage of the contract value to cover the insurance guarantee, commissions, selling and administrative expenses.

Separate account: An investment pool funded by contributions to variable contracts including variable annuities and variable life insurance. These assets are kept separate from Nationwide's general account.

Short-term trading fees: Fees designed to offset the costs associated with short-term trading and to protect the long-term interests of all shareholders.

Walled-off fund: A fund that is not open to new investors, but is still accepting contributions from existing investors.

Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH 43218-2021 or by calling 1-800-848-6331. Before investing, you should read the prospectus carefully and consider investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectuses contain this and other important information.

The Best of America® America’s VISION Annuity® January 31, 2010

Non-standardized performance: Without surrender charges (CDSC) applied

The figures shown are calculated based on a one-time investment of $25,000 and reflect the deduction of all applicable charges, except for surrender charges (CDSC). These returns are measured from the inception date of the fund and may predate the offering of the fund in the Nationwide® separate account. Where this occurs, the performance is hypothetical in that it depicts how the fund would have performed had it been available in the Nationwide separate account during the time period. Year-to-date returns are shown only for funds incepted on or before December 31 of the previous year.

The results shown represent past performance and do not represent expected future performance or experience. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted. To obtain performance data current to the most recent month-end or for closed and walled-off funds, please call 1-800-848-6331 or visit nationwide.com.


Investment Choices Total Returns Periods Less Than 1 Year Average Annual Total Returns as of 01/31/10

Underlying Fund Inception Date Month YTD One

YearThree Years

Five Years

10 Years or Since

Inception

Asset Class: Asset Allocation1

American Funds NVIT Asset Allocation Fund - Class II 08/01/1989 -2.66% -2.66% 24.82% -5.27% 0.99% 1.68%

BlackRock Global Allocation V.I. Fund - Class III 11/18/2003 -2.72% -2.72% 21.28% 1.74% 6.01% 7.83%

Fidelity VIP Freedom Fund 2010 Portfolio - Service Class 04/26/2005 -1.65% -1.65% 25.58% -1.90% N/A 2.12%



Franklin Templeton VIPT Founding Funds Allocation Fund - Class 2 07/02/2007 -2.21% -2.21% 33.09% N/A N/A -11.30%

Ivy Funds VIP Asset Strategy 05/01/1995 -2.80% -2.80% 21.74% 7.07% 12.82% 9.43%

NVIT CardinalSM Aggressive Fund - Class II 03/27/2008 -4.27% -4.27% 31.71% N/A N/A -10.02%

NVIT CardinalSM Moderately Aggressive Fund - Class II 03/27/2008 -3.50% -3.50% 28.18% N/A N/A -7.47%

NVIT CardinalSM Capital Appreciation Fund - Class II 03/27/2008 -2.86% -2.86% 25.48% N/A N/A -5.78%

NVIT CardinalSM Moderate Fund - Class II 03/27/2008 -2.26% -2.26% 22.88% N/A N/A -4.23%

NVIT CardinalSM Balanced Fund - Class II 03/27/2008 -1.68% -1.68% 20.45% N/A N/A -2.68%

NVIT CardinalSM Moderately Conservatiive Fund - Class II 03/27/2008 -1.24% -1.24% 17.79% N/A N/A -1.22%

NVIT CardinalSM Conservative Fund - Class II 03/27/2008 -0.11% -0.11% 12.55% N/A N/A 1.28%

NVIT Investor Destinations Aggressive Fund - Class II 12/12/2001 -3.87% -3.87% 33.07% -8.26% -0.28% 1.67%

NVIT Investor Destinations Moderately Aggressive Fund - Class II 12/12/2001 -3.09% -3.09% 28.53% -6.00% 0.48% 2.04%

NVIT Investor Destinations Moderate Fund - Class II 12/12/2001 -2.07% -2.07% 21.80% -3.51% 1.00% 2.15%

NVIT Investor Destinations Moderately Conservative Fund - Class II 12/12/2001 -1.03% -1.03% 15.85% -0.98% 1.66% 2.39%

NVIT Investor Destinations Conservative Fund - Class II 12/12/2001 -0.21% -0.21% 9.34% 1.01% 2.02% 2.28%

NVIT Investor Destinations Balanced Fund - Class II 03/24/2009 -1.61% -1.61% N/A N/A N/A 19.87%

NVIT Investor Destinations Capital Appreciation Fund - Class II 03/24/2009 -2.51% -2.51% N/A N/A N/A 27.12%




YearThree Years

Five Years

10 Years or Since

Inception

Asset Class: Balanced

Franklin Templeton VIPT Income Securities Fund - Class 2 01/24/1989 -0.89% -0.89% 34.68% -2.26% 2.30% 6.22%

Asset Class: Bonds2,3,9

American Century VP Inflation Protection Fund - Class II 12/31/2002 1.02% 1.02% 10.01% 4.78% 2.91% 3.24%

American Funds NVIT Bond Fund - Class II 01/02/1996 1.39% 1.39% 12.25% 0.37% 1.13% 3.10%

Federated NVIT High Income Bond Fund - Class III10 11/03/1997 1.10% 1.10% 40.16% 1.39% 2.97% 3.78%

Fidelity VIP High Income Portfolio - Initial Class R10 09/19/1985 0.84% 0.84% 33.36% 2.06% 3.67% 1.09%

Fidelity VIP Investment Grade Bond Portfolio - Service Class 12/30/1988 1.58% 1.58% 14.82% 4.34% 3.18% 4.81%

NVIT Core Bond Fund - Class I 03/24/2008 1.65% 1.65% 8.15% N/A N/A 3.80%

NVIT Core Plus Bond Fund - Class II 03/24/2008 1.46% 1.46% 17.10% N/A N/A 7.78%

NVIT Government Bond Fund - Class I 11/08/1982 1.42% 1.42% 4.02% 4.85% 3.52% 4.65%

NVIT Multi Sector Bond Fund - Class I 10/31/1997 1.22% 1.22% 23.26% 1.53% 1.68% 3.77%

Asset Class: Cash4

NVIT Money Market Fund - Class I 7-day current yield: -1.40%*

11/10/1981 -0.11% -0.11% -1.39% 0.71% 1.34% 1.14%

*Current yield more closely reflects current money market fund earnings than the total return calculation.




YearThree Years

Five Years

10 Years or Since

Inception

Asset Class: International Stocks5

American Funds NVIT Global Growth Fund - Class II 04/30/1997 -4.81% -4.81% 43.84% -3.50% 4.05% 0.07%

Fidelity VIP Overseas Portfolio - Initial Class R10 01/28/1987 -5.96% -5.96% 32.97% -9.26% 1.15% -1.71%

Gartmore NVIT Emerging Markets Fund - Class III10 08/30/2000 -6.01% -6.01% 66.61% -2.92% 9.73% 6.48%

Gartmore NVIT International Equity Fund - Class III10 08/30/2000 -6.71% -6.71% 32.54% -7.91% 6.30% -0.97%

Gartmore NVIT Worldwide Leaders Fund - Class III10 10/31/1997 -4.51% -4.51% 31.52% -9.63% 2.44% -0.99%

Janus Aspen Series Overseas Portfolio - Service II Shares10 05/02/1994 -2.32% -2.32% 74.75% 0.85% 14.24% 3.34%

NVIT International Index Fund - Class VIII10 05/01/2006 -5.17% -5.17% 36.93% -10.43% N/A -6.08%

NVIT Multi-Manager International Growth Fund - Class III10 03/24/2008 -4.62% -4.62% 36.35% N/A N/A -10.49%

NVIT Multi-Manager International Value Fund - Class III10 11/01/1991 -5.42% -5.42% 39.32% -13.66% -2.48% 0.97%

Oppenheimer Global Securities Fund/VA - Class 310 05/01/2003 -3.03% -3.03% 45.92% -6.43% 2.43% 9.15%

Templeton NVIT International Value Fund - Class III10 03/24/2009 -5.93% -5.93% N/A N/A N/A 31.37%




YearThree Years

Five Years

10 Years or Since

Inception

Asset Class: Large-cap Stocks

American Century NVIT Multi Cap Value Fund - Class I 03/24/2009 -2.70% -2.70% N/A N/A N/A 28.68%

American Funds NVIT Growth Fund - Class II 02/08/1984 -4.15% -4.15% 40.11% -7.76% 0.06% -1.13%

American Funds NVIT Growth-Income Fund - Class II 03/09/1987 -4.43% -4.43% 32.48% -8.78% -1.56% 1.20%

Dreyfus Stock Index Fund, Inc. - Initial Shares 09/29/1989 -3.72% -3.72% 31.08% -8.70% -1.42% -2.42%

Dreyfus VIF Appreciation Portfolio - Initial Shares 04/05/1993 -3.42% -3.42% 26.48% -5.15% 0.49% -0.77%

Fidelity VIP Equity-Income Portfolio - Initial Class 10/09/1986 -3.26% -3.26% 39.48% -11.45% -2.26% 0.59%

Fidelity VIP Growth Portfolio - Initial Class 10/09/1986 -5.60% -5.60% 27.86% -8.58% -2.41% -5.33%

Janus Aspen Series Forty Portfolio - Service Shares 05/01/1997 -5.05% -5.05% 39.44% -0.48% 4.79% -1.18%

MFS VIT Value Series - Service Class 01/02/2002 -3.19% -3.19% 26.58% -6.75% 0.75% 2.43%

Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I 03/24/2008 -3.07% -3.07% 50.16% N/A N/A -11.29%

Neuberger Berman NVIT Socially Responsible Fund - Class I 03/24/2008 -2.72% -2.72% 33.79% N/A N/A -10.87%

NVIT Growth Fund - Class I 04/15/1992 -5.46% -5.46% 30.29% -5.06% 0.07% -6.52%

NVIT Multi-Manager Large Cap Growth Fund - Class I 03/24/2008 -5.51% -5.51% 26.88% N/A N/A -10.86%

NVIT Multi-Manager Large Cap Value Fund - Class II 03/24/2008 -2.99% -2.99% 33.98% N/A N/A -11.14%

NVIT Nationwide Fund - Class I 11/08/1982 -4.05% -4.05% 30.22% -10.48% -2.42% -1.65%

NVIT Nationwide Leaders Fund - Class III10 12/31/2001 -4.29% -4.29% 43.06% -12.42% -2.65% 1.75%

NVIT U.S. Growth Leaders Fund - Class III10 12/31/2001 -5.79% -5.79% 20.80% -7.49% -1.59% 1.34%

Oppenheimer Main Street® Fund/VA - Non-Service Shares 07/05/1995 -2.64% -2.64% 33.47% -8.81% -1.29% -1.95%

Oppenheimer NVIT Large Cap Growth Fund - Class I 03/24/2009 -5.79% -5.79% N/A N/A N/A 33.77%

Van Kampen NVIT Comstock Value Fund - Class II 10/31/1997 -2.71% -2.71% 38.96% -10.39% -2.48% -3.18%




YearThree Years

Five Years

10 Years or Since

Inception

Asset Class: Mid-cap Stocks6

AIM V.I. Capital Development Fund - Series II Shares 05/01/1998 -5.11% -5.11% 36.71% -9.97% -1.00% 0.77%

AllianceBernstein VPS Small/Mid Cap Value Portfolio - Class B 05/01/2001 -2.73% -2.73% 54.69% -5.31% 1.20% 6.37%

American Century VP Mid Cap Value Fund - Class I 10/29/2004 -2.83% -2.83% 35.60% -4.08% 3.18% 4.90%

Fidelity VIP Mid Cap Portfolio - Service Class 12/28/1998 -3.14% -3.14% 40.79% -3.63% 3.60% 8.05%

JPMorgan Insurance Trust Mid Cap Value Portfolio - Class 1 09/28/2001 -2.08% -2.08% 33.62% -7.20% 0.37% 6.56%

NVIT Mid Cap Index Fund - Class I 10/31/1997 -3.35% -3.35% 40.74% -5.75% 1.28% 4.11%

NVIT Multi-Manager Mid Cap Growth Fund - Class I 03/24/2008 -6.06% -6.06% 22.13% N/A N/A -13.25%

NVIT Multi-Manager Mid Cap Value Fund - Class II 03/24/2008 -3.39% -3.39% 34.71% N/A N/A -6.73%

Oppenheimer MidCap Fund/VA - Non-Service Shares 08/15/1986 -5.77% -5.77% 27.70% -14.14% -5.68% -8.21%

Asset Class: Short-term Bonds9

Neuberger Berman AMT Short Duration Bond Portfolio - I Class 09/10/1984 1.58% 1.58% 10.14% 0.02% 0.59% 1.97%

NVIT Short Term Bond Fund - Class II 03/24/2008 0.67% 0.67% 4.93% N/A N/A 2.39%

PIMCO VIT Low Duration Portfolio - Advisor Class 03/31/2006 1.00% 1.00% 12.20% 5.41% N/A 4.91%

Asset Class: Small-cap Stocks6

Dreyfus IP Small Cap Stock Index Portfolio - Service Shares 05/01/2002 -3.39% -3.39% 36.50% -7.96% -0.60% 2.12%

Franklin VIPT Small Cap Value Securities Fund - Class 2 04/30/1998 -3.48% -3.48% 40.67% -8.88% -0.31% 7.66%

NVIT Multi-Manager Small Cap Growth Fund - Class I 05/03/1999 -5.07% -5.07% 28.36% -12.40% -5.15% -6.13%

NVIT Multi-Manager Small Cap Value Fund - Class I 10/31/1997 -3.36% -3.36% 35.33% -10.03% -1.86% 5.16%

NVIT Multi-Manager Small Company Fund - Class I 10/23/1995 -4.05% -4.05% 40.80% -8.52% -0.46% 2.45%

Oppenheimer Main Street® Small Cap Fund/VA - Non-Service Shares 05/01/1998 -3.93% -3.93% 46.48% -8.92% -0.19% 0.81%

Wells Fargo Advantage VT Small Cap Growth Fund 05/01/1995 -3.10% -3.10% 58.59% -2.60% 4.63% -4.37%

Asset Class: Specialty7,8

AllianceBernstein NVIT Global Fixed Income Fund - Class III10 03/24/2009 0.98% 0.98% N/A N/A N/A 14.74%

Fidelity VIP Energy Portfolio - Service Class 210 07/19/2001 -4.45% -4.45% 38.82% -3.60% 7.89% 8.23%

NVIT Health Sciences Fund - Class III10 12/29/2000 -0.01% -0.01% 19.19% -2.12% 1.32% 2.01%

NVIT Technology and Communications Fund - Class III10 06/30/2000 -7.39% -7.39% 46.53% -6.61% 0.05% -10.70%

PIMCO VIT Foreign Bond Portfolio (unhedged): Advisor Class 03/31/2009 1.14% 1.14% N/A N/A N/A 9.47%

Van Kampen NVIT Real Estate Fund - Class I 03/24/2008 -5.45% -5.45% 48.05% N/A N/A -16.68%

A. Non-standardized performance: With surrender charges (CDSC) applied

The figures shown are based on a one-time investment of $25,000 and reflect the deduction of all applicable charges. The performance calculations also reflect the 10% free withdrawal privilege available with this product. These returns are measured from the inception date of the fund and may predate the offering of the fund in the Nationwide® separate account. Where this occurs, performance is hypothetical in that it depicts how the fund would have performed had it been available in the Nationwide separate account during the time period.

B. Standardized performance: With surrender charges (CDSC) applied

The figures shown are based on a one-time investment of $1,000 and reflect the deduction of all applicable charges. The performance calculations also reflect the 10% free withdrawal privilege available with this product. These returns are measured from the date the fund was included in the Nationwide separate account.



Investment ChoicesA. Non-standardized Performance:

Average Annual Total Returns as of 01/31/10

B. Standardized Performance: Average Annual Total Returns

as of 12/31/09

Underlying Fund Inception Date

One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


American Funds NVIT Asset Allocation Fund - Class II 08/01/1989 18.52% 0.46% 1.68% 15.39% N/A -3.15% 05/01/2006

BlackRock Global Allocation V.I. Fund - Class III 11/18/2003 14.98% 5.58% 7.73% N/A N/A 13.64% 05/01/2009

Fidelity VIP Freedom Fund 2010 Portfolio - Service Class 04/26/2005 19.28% N/A 1.59% 16.11% N/A -0.50% 05/01/2006



Franklin Templeton VIPT Founding Funds Allocation Fund - Class 2 07/02/2007 26.79% N/A -12.80% 22.13% N/A -12.39% 05/01/2008

Ivy Funds VIP Asset Strategy 05/01/1995 15.44% 12.49% 9.43% N/A N/A 11.53% 05/01/2009

NVIT CardinalSM Aggressive Fund - Class II 03/27/2008 25.41% N/A -12.62% 21.09% N/A -14.73% 05/01/2008

NVIT CardinalSM Moderately Aggressive Fund - Class II 03/27/2008 21.88% N/A -10.17% 18.51% N/A -12.05% 05/01/2008

NVIT CardinalSM Capital Appreciation Fund - Class II 03/27/2008 19.18% N/A -8.54% 16.13% N/A -10.33% 05/01/2008

NVIT CardinalSM Moderate Fund - Class II 03/27/2008 16.58% N/A -7.05% 13.94% N/A -8.69% 05/01/2008

NVIT CardinalSM Balanced Fund - Class II 03/27/2008 14.15% N/A -5.55% 11.84% N/A -7.07% 05/01/2008

NVIT CardinalSM Moderately Conservatiive Fund - Class II 03/27/2008 11.49% N/A -4.14% 9.73% N/A -5.46% 05/01/2008

NVIT CardinalSM Conservative Fund - Class II 03/27/2008 6.25% N/A -1.66% 5.14% N/A -2.66% 05/01/2008

NVIT Investor Destinations Aggressive Fund - Class II 12/12/2001 26.77% -0.82% 1.67% 19.12% -0.53% 2.36% 01/25/2002

NVIT Investor Destinations Moderately Aggressive Fund - Class II 12/12/2001 22.23% -0.06% 2.04% 16.35% 0.17% 2.59% 01/25/2002





as of 12/31/09


One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


NVIT Investor Destinations Moderate Fund - Class II 12/12/2001 15.50% 0.48% 2.15% 11.17% 0.59% 2.53% 01/25/2002

NVIT Investor Destinations Moderately Conservative Fund - Class II 12/12/2001 9.55% 1.15% 2.39% 6.66% 1.19% 2.60% 01/25/2002

NVIT Investor Destinations Conservative Fund - Class II 12/12/2001 3.04% 1.52% 2.28% 1.26% 1.50% 2.35% 01/25/2002

NVIT Investor Destinations Balanced Fund - Class II 03/24/2009 N/A N/A 12.87% N/A N/A 8.31% 05/01/2009

NVIT Investor Destinations Capital Appreciation Fund - Class II 03/24/2009 N/A N/A 20.12% N/A N/A 13.90% 05/01/2009


Franklin Templeton VIPT Income Securities Fund - Class 2 01/24/1989 28.38% 1.80% 6.22% 27.40% N/A 0.49% 05/01/2006


American Century VP Inflation Protection Fund - Class II 12/31/2002 3.71% 2.42% 3.24% 2.37% 2.20% 3.02% 12/31/2002

American Funds NVIT Bond Fund - Class II 01/02/1996 5.95% 0.61% 3.10% 4.28% N/A 0.16% 05/01/2006

Federated NVIT High Income Bond Fund - Class III10 11/03/1997 33.86% 2.49% 3.78% 37.74% N/A 3.15% 05/02/2005

Fidelity VIP High Income Portfolio - Initial Class R10 09/19/1985 27.06% 3.20% 1.09% 35.50% N/A -0.60% 05/01/2007

Fidelity VIP Investment Grade Bond Portfolio - Service Class 12/30/1988 8.52% 2.70% 4.81% 7.75% 2.46% 2.70% 05/01/2003

NVIT Core Bond Fund - Class I 03/24/2008 1.85% N/A 0.94% 0.96% N/A 0.17% 05/01/2008

NVIT Core Plus Bond Fund - Class II 03/24/2008 10.80% N/A 5.01% 8.51% N/A 4.45% 05/01/2008

NVIT Government Bond Fund - Class I 11/08/1982 -2.28% 3.04% 4.65% -5.05% 2.87% 4.48% 01/02/1985

NVIT Multi Sector Bond Fund - Class I 10/31/1997 16.96% 1.17% 3.77% 16.34% 0.93% 3.61% 05/01/2000

Asset Class: Cash4

NVIT Money Market Fund - Class I 7-day current yield: -1.40%*

11/10/1981 -7.59% 0.82% 1.14% -7.56% 0.85% 1.18% 01/02/1985


American Funds NVIT Global Growth Fund - Class II 04/30/1997 37.54% 3.59% 0.07% 33.32% N/A -0.35% 05/01/2006

Fidelity VIP Overseas Portfolio - Initial Class R10 01/28/1987 26.67% 0.63% -1.71% 18.53% 1.30% 3.87% 05/01/2002

Gartmore NVIT Emerging Markets Fund - Class III10 08/30/2000 60.31% 9.35% 6.48% 54.90% 10.78% 12.49% 05/01/2002

Gartmore NVIT International Equity Fund - Class III10 08/30/2000 26.24% 5.87% -0.97% 21.56% 7.08% 6.96% 05/01/2002

Gartmore NVIT Worldwide Leaders Fund - Class III10 10/31/1997 25.22% 1.94% -0.99% 16.95% 2.67% 5.21% 05/03/2004

Janus Aspen Series Overseas Portfolio - Service II Shares10 05/02/1994 68.45% 13.93% 3.34% 70.27% 14.30% 11.95% 05/01/2002

NVIT International Index Fund - Class VIII10 05/01/2006 30.63% N/A -6.97% 20.51% N/A -5.77% 05/01/2006

*Current yield more closely reflects current money market fund earnings than the total return calculation.





as of 12/31/09


One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


NVIT Multi-Manager International Growth Fund - Class III10 03/24/2008 30.05% N/A -13.07% 28.25% N/A -14.15% 05/01/2008

NVIT Multi-Manager International Value Fund - Class III10 11/01/1991 33.02% -3.01% 0.97% 21.72% -2.20% 6.20% 05/01/2003

Oppenheimer Global Securities Fund/VA - Class 310 05/01/2003 39.62% 1.94% 9.07% 31.44% 1.68% 9.69% 05/01/2003

Templeton NVIT International Value Fund - Class III10 03/24/2009 N/A N/A 24.37% N/A N/A 22.12% 05/01/2009


American Century NVIT Multi Cap Value Fund - Class I 03/24/2009 N/A N/A 21.68% N/A N/A 17.47% 05/01/2009

American Funds NVIT Growth Fund - Class II 02/08/1984 33.81% -0.48% -1.13% 30.54% N/A -5.19% 05/01/2006

American Funds NVIT Growth-Income Fund - Class II 03/09/1987 26.18% -2.09% 1.20% 22.56% N/A -10.78% 05/01/2007

Dreyfus Stock Index Fund, Inc. - Initial Shares 09/29/1989 24.78% -1.96% -2.42% 18.27% -1.73% -2.57% 10/01/1993

Dreyfus VIF Appreciation Portfolio - Initial Shares 04/05/1993 20.18% -0.05% -0.77% 14.54% 0.42% -0.69% 07/14/1997

Fidelity VIP Equity-Income Portfolio - Initial Class 10/09/1986 33.18% -2.78% 0.59% 22.09% -2.64% 0.41% 05/01/1987

Fidelity VIP Growth Portfolio - Initial Class 10/09/1986 21.56% -2.93% -5.33% 20.19% -2.47% -5.07% 12/01/1987

Janus Aspen Series Forty Portfolio - Service Shares 05/01/1997 33.14% 4.33% -1.18% 37.67% 4.47% -1.31% 05/01/2000

MFS VIT Value Series - Service Class 01/02/2002 20.28% 0.22% 2.43% 14.44% 0.64% 5.41% 11/15/2002

Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I 03/24/2008 43.86% N/A -13.84% 44.52% N/A -16.94% 05/01/2008

Neuberger Berman NVIT Socially Responsible Fund - Class I 03/24/2008 27.49% N/A -13.44% 23.39% N/A -15.70% 05/01/2008

NVIT Growth Fund - Class I 04/15/1992 23.99% -0.48% -6.52% 25.30% 0.07% -6.35% 05/01/1992

NVIT Multi-Manager Large Cap Growth Fund - Class I 03/24/2008 20.58% N/A -13.42% 21.66% N/A -14.88% 05/01/2008

NVIT Multi-Manager Large Cap Value Fund - Class II 03/24/2008 27.68% N/A -13.69% 19.33% N/A -15.94% 05/01/2008

NVIT Nationwide Fund - Class I 11/08/1982 23.92% -2.94% -1.65% 18.03% -2.46% -1.68% 01/02/1985

NVIT Nationwide Leaders Fund - Class III10 12/31/2001 36.76% -3.18% 1.75% 25.72% -2.77% 1.05% 05/01/2002

NVIT U.S. Growth Leaders Fund - Class III10 12/31/2001 14.50% -2.12% 1.34% 17.73% -1.74% 3.29% 05/01/2002

Oppenheimer Main Street® Fund/VA - Non-Service Shares 07/05/1995 27.17% -1.83% -1.95% 20.19% -1.84% -2.24% 05/01/2000

Oppenheimer NVIT Large Cap Growth Fund - Class I 03/24/2009 N/A N/A 26.77% N/A N/A 22.38% 05/01/2009

Van Kampen NVIT Comstock Value Fund - Class II 10/31/1997 32.66% -3.00% -3.18% 20.17% -3.09% 4.73% 02/14/2003





as of 12/31/09


One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


AIM V.I. Capital Development Fund - Series II Shares 05/01/1998 30.41% -1.54% 0.77% 33.70% -0.90% 5.52% 11/15/2002

AllianceBernstein VPS Small/Mid Cap Value Portfolio - Class B 05/01/2001 48.39% 0.68% 6.37% 34.36% 0.58% 8.33% 11/15/2002

American Century VP Mid Cap Value Fund - Class I 10/29/2004 29.30% 2.70% 4.61% 21.83% N/A -0.52% 05/01/2006

Fidelity VIP Mid Cap Portfolio - Service Class 12/28/1998 34.49% 3.12% 8.05% 31.76% N/A -3.11% 05/01/2006

JPMorgan Insurance Trust Mid Cap Value Portfolio - Class 1 09/28/2001 27.32% -0.17% 6.56% 18.62% 0.08% 2.58% 05/03/2004

NVIT Mid Cap Index Fund - Class I 10/31/1997 34.44% 0.76% 4.11% 28.54% 0.90% 3.36% 05/01/2000

NVIT Multi-Manager Mid Cap Growth Fund - Class I 03/24/2008 15.83% N/A -15.73% 19.04% N/A -16.59% 05/01/2008

NVIT Multi-Manager Mid Cap Value Fund - Class II 03/24/2008 28.41% N/A -9.45% 22.34% N/A -11.51% 05/01/2008

Oppenheimer MidCap Fund/VA - Non-Service Shares 08/15/1986 21.40% -6.17% -8.21% 24.45% -5.50% -8.51% 05/01/2000

Asset Class: Short-term Bonds9

Neuberger Berman AMT Short Duration Bond Portfolio - I Class 09/10/1984 3.84% 0.06% 1.97% 5.44% -0.29% 1.77% 12/01/1987

NVIT Short Term Bond Fund - Class II 03/24/2008 -1.37% N/A -0.51% -0.69% N/A -0.82% 05/01/2008

PIMCO VIT Low Duration Portfolio - Advisor Class 03/31/2006 5.90% N/A 4.08% N/A N/A 2.43% 05/01/2009





as of 12/31/09


One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


Dreyfus IP Small Cap Stock Index Portfolio - Service Shares 05/01/2002 30.20% -1.15% 2.12% 16.98% -0.92% 2.60% 05/01/2002

Franklin VIPT Small Cap Value Securities Fund - Class 2 04/30/1998 34.37% -0.85% 7.66% 21.05% -0.52% 7.17% 11/15/2002

NVIT Multi-Manager Small Cap Growth Fund - Class I 05/03/1999 22.06% -5.65% -6.13% 19.38% -5.37% -6.24% 05/01/2000

NVIT Multi-Manager Small Cap Value Fund - Class I 10/31/1997 29.03% -2.39% 5.16% 18.15% -2.65% 4.81% 05/01/1998

NVIT Multi-Manager Small Company Fund - Class I 10/23/1995 34.50% -1.00% 2.45% 26.52% -0.60% 2.74% 10/23/1995

Oppenheimer Main Street® Small Cap Fund/VA - Non-Service Shares 05/01/1998 40.18% -0.73% 0.81% 28.97% N/A -6.57% 05/01/2006

Wells Fargo Advantage VT Small Cap Growth Fund 05/01/1995 52.29% 4.18% -4.37% 44.21% 3.88% 5.26% 11/15/2004


AllianceBernstein NVIT Global Fixed Income Fund - Class III10 03/24/2009 N/A N/A 7.74% N/A N/A 6.12% 05/01/2009

Fidelity VIP Energy Portfolio - Service Class 210 07/19/2001 32.52% 7.49% 8.23% 39.21% N/A 7.79% 05/02/2005

NVIT Health Sciences Fund - Class III10 12/29/2000 12.89% 0.80% 2.01% 11.15% 0.39% 2.86% 05/01/2002

NVIT Technology and Communications Fund - Class III10 06/30/2000 40.23% -0.50% -10.70% 44.01% -1.15% 1.09% 05/01/2002

PIMCO VIT Foreign Bond Portfolio (unhedged): Advisor Class 03/31/2009 N/A N/A 2.47% N/A N/A 1.64% 05/01/2009

Van Kampen NVIT Real Estate Fund - Class I 03/24/2008 41.75% N/A -19.03% 22.70% N/A -20.35% 05/01/2008

Non-standardized performance: Without surrender charges (CDSC) applied

The figures shown are calculated based on a one-time investment of $25,000 and reflect the deduction of all applicable charges, except for surrender charges (CDSC). These returns are measured from the inception date of the fund and may predate the offering of the fund in the Nationwide® separate account. Where this occurs, the performance is hypothetical in that it depicts how the fund would have performed had it been available in the Nationwide separate account during the time period. Year-to-date returns are shown only for funds incepted on or before December 31 of the previous year.


Walled-off and closed funds



Underlying Fund Fund Status

Inception Date Month YTD One

YearThree Years

Five Years

10 Years or Since

Inception


American Century VP Balanced Fund - Class I Walled-off 05/01/1991 -1.68% -1.68% 17.43% -3.40% 0.57% 0.90%

Fidelity VIP Asset Manager Portfolio - Initial Class Walled-off 09/01/1989 -2.11% -2.11% 28.89% -0.42% 1.89% 0.93%

Oppenheimer Balanced Fund/VA - Non-Service Shares Walled-off 02/09/1987 -1.66% -1.66% 22.53% -12.66% -5.26% -0.38%


Federated Quality Bond Fund II - Primary Shares Walled-off 04/22/1999 1.85% 1.85% 19.41% 4.78% 3.27% 4.54%

Fidelity VIP High Income Portfolio - Initial Class Closed 09/19/1985 0.83% 0.83% 33.51% 2.09% 3.71% 1.11%

Oppenheimer Core Bond Fund/VA - Non-Service Shares Walled-off 04/03/1985 2.01% 2.01% 14.09% -12.00% -6.60% -0.59%

Oppenheimer High Income Fund/VA - Class 310 Walled-off 05/01/2007 0.39% 0.39% 25.61% N/A N/A -39.62%

Oppenheimer High Income Fund/VA - Non-Service Shares Closed 04/30/1986 0.39% 0.39% 24.19% -36.67% -22.46% -10.26%

Van Kampen's UIF Core Plus Fixed Income Portfolio - Class I Walled-off 01/02/1997 1.40% 1.40% 10.42% 0.31% 1.10% 3.54%


Credit Suisse Trust - International Equity Flex III Portfolio Closed 12/31/1997 -4.20% -4.20% 56.49% -6.02% 6.18% 2.02%

Fidelity VIP Overseas Portfolio - Initial Class Closed 01/28/1987 -5.95% -5.95% 32.86% -9.27% 1.14% -1.70%

Gartmore NVIT Emerging Markets Fund - Class I Closed 08/30/2000 -6.09% -6.09% 66.51% -2.92% 9.71% 6.49%

Gartmore NVIT International Equity Fund - Class I Closed 08/30/2000 -6.72% -6.72% 32.60% -7.91% 6.28% -0.98%

Janus Aspen Series Overseas Portfolio - Service Shares Closed 05/02/1994 -2.57% -2.57% 74.30% 0.73% 14.15% 3.29%

Oppenheimer Global Securities Fund/VA - Non-Service Shares Closed 11/12/1990 -3.05% -3.05% 45.97% -6.42% 2.44% 2.15%

Templeton VIPT Developing Markets Securities Fund - Class 310 Walled-off 03/04/1996 -5.86% -5.86% 74.01% -1.26% 8.62% 5.71%






YearThree Years

Five Years

10 Years or Since

Inception


Templeton VIPT Foreign Securities Fund - Class 310 Walled-off 05/01/1992 -4.82% -4.82% 40.32% -5.03% 2.67% 1.47%

Van Eck Worldwide Insurance Trust - Worldwide Emerging Markets Fund - Class R10 Walled-off 04/30/2004 -5.65% -5.65% 111.35% -2.29% 10.22% 13.89%

Van Eck Worldwide Insurance Trust Worldwide Emerging Markets Fund - Initial Class Closed 12/21/1995 -5.65% -5.65% 111.12% -2.35% 10.21% 5.44%


AIM V.I. Capital Appreciation Fund - Series II Shares Walled-off 05/05/1993 -4.76% -4.76% 17.17% -11.34% -4.01% -6.16%

American Century VP Income & Growth Fund - Class I Walled-off 10/30/1997 -3.83% -3.83% 23.38% -11.19% -2.72% -2.08%

American Century VP Value Fund - Class I Walled-off 05/01/1996 -2.76% -2.76% 27.00% -8.35% -0.83% 4.67%

Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares Walled-off 10/06/1993 -4.18% -4.18% 34.51% -5.41% -0.46% -4.81%

Dreyfus VIF Growth & Income Portfolio - Initial Shares Walled-off 05/02/1994 -4.32% -4.32% 33.18% -9.30% -2.05% -2.43%

Fidelity VIP Contrafund® Portfolio - Initial Class Walled-off 01/03/1995 -4.37% -4.37% 37.77% -6.25% 1.62% 1.31%

Fidelity VIP Growth Opportunities Portfolio - Initial Class Walled-off 01/03/1995 -5.62% -5.62% 40.53% -11.10% -3.51% -4.56%

Neuberger Berman AMT Socially Responsive Portfolio - I Class Walled-off 02/18/1999 -2.84% -2.84% 34.05% -7.88% -0.51% 1.29%

Oppenheimer Capital Appreciation Fund/VA - Non-Service Shares Walled-off 04/03/1985 -5.79% -5.79% 38.33% -7.49% -1.61% -2.58%

T. Rowe Price Blue Chip Growth Portfolio - Class II Walled-off 12/29/2000 -5.89% -5.89% 36.61% -6.73% -0.89% -2.45%

T. Rowe Price Equity Income Portfolio - Class II Walled-off 03/31/1994 -3.06% -3.06% 35.80% -8.95% -1.35% 2.50%


Fidelity VIP Value Strategies Portfolio - Service Class Walled-off 02/20/2002 -2.44% -2.44% 67.97% -9.92% -1.48% 2.32%


Credit Suisse Trust - U.S. Equity Flex I Portfolio Walled-off 06/30/1995 -3.08% -3.08% 34.59% -9.60% -4.95% -6.12%

Neuberger Berman AMT Small Cap Growth Portfolio - S Class Walled-off 07/12/2002 -6.54% -6.54% 24.59% -12.92% -6.17% -0.76%


Franklin Templeton VIPT Global Bond Securities Fund - Class 310 Walled-off 01/24/1989 0.06% 0.06% 16.48% 10.57% 7.72% 9.42%

Gartmore NVIT Global Utilities Fund - Class III10 Walled-off 12/28/2001 -5.65% -5.65% 11.56% -8.04% 2.71% 3.35%

Janus Aspen Series Global Technology Portfolio: Service II Shares10 Walled-off 01/18/2000 -4.41% -4.41% 53.42% -1.12% 3.77% N/A

Janus Aspen Series Global Technology Portfolio: Service Shares Closed 01/18/2000 -4.28% -4.28% 53.00% -1.19% 3.77% -9.13%

NVIT Global Financial Services Fund - Class III10 Walled-off 12/28/2001 -6.53% -6.53% 49.05% -15.08% -3.42% 2.17%

NVIT Technology and Communications Fund - Class I Closed 06/30/2000 -7.46% -7.46% 46.51% -6.65% 0.00% -10.77%

Van Eck Worldwide Insurance Trust - Worldwide Bond Fund - Class R10 Walled-off 04/30/2004 -0.89% -0.89% 9.28% 5.08% 3.16% 4.44%






YearThree Years

Five Years

10 Years or Since

Inception


Van Eck Worldwide Insurance Trust - Worldwide Hard Assets Fund - Class R10 Walled-off 04/30/2004 -5.02% -5.02% 48.14% 3.54% 15.36% 17.93%

Van Eck Worldwide Insurance Trust Worldwide Bond Fund - Initial Class Closed 09/01/1989 -0.80% -0.80% 9.37% 5.05% 3.17% 5.22%

Van Eck Worldwide Insurance Trust Worldwide Hard Assets Fund - Initial Class Closed 09/01/1989 -5.04% -5.04% 48.02% 3.49% 15.34% 13.42%

Van Kampen's UIF Emerging Markets Debt Portfolio - Class I Closed 06/16/1997 -0.11% -0.11% 28.00% 4.37% 6.36% 9.35%

A. Non-standardized performance: With surrender charges (CDSC) applied

The figures shown are based on a one-time investment of $25,000 and reflect the deduction of all applicable charges. The performance calculations also reflect the 10% free withdrawal privilege available with this product. These returns are measured from the inception date of the fund and may predate the offering of the fund in the Nationwide® separate account. Where this occurs, performance is hypothetical in that it depicts how the fund would have performed had it been available in the Nationwide separate account during the time period.

B. Standardized performance: With surrender charges (CDSC) applied

The figures shown are based on a one-time investment of $1,000 and reflect the deduction of all applicable charges. The performance calculations also reflect the 10% free withdrawal privilege available with this product. These returns are measured from the date the fund was included in the Nationwide separate account.


Walled-off and closed fundsThe Best of America® America’s VISION Annuity®




as of 12/31/09


Inception Date

One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


American Century VP Balanced Fund - Class I Walled-off 05/01/1991 11.13% 0.03% 0.90% 7.57% 0.16% 0.72% 05/01/1992

Fidelity VIP Asset Manager Portfolio - Initial Class Walled-off 09/01/1989 22.59% 1.38% 0.93% 21.01% 1.54% 0.76% 09/01/1989

Oppenheimer Balanced Fund/VA - Non-Service Shares Walled-off 02/09/1987 16.23% -5.76% -0.38% 13.89% -5.61% -0.39% 09/01/1989


Federated Quality Bond Fund II - Primary Shares Walled-off 04/22/1999 13.11% 2.79% 4.54% 12.45% 2.47% 3.51% 05/01/2002

Fidelity VIP High Income Portfolio - Initial Class Closed 09/19/1985 27.21% 3.24% 1.11% 35.64% 2.92% 0.84% 05/01/1987

Oppenheimer Core Bond Fund/VA - Non-Service Shares Walled-off 04/03/1985 7.79% -7.09% -0.59% 1.78% -7.32% -0.84% 09/01/1989

Oppenheimer High Income Fund/VA - Class 310 Walled-off 05/01/2007 19.31% N/A -40.28% 18.68% N/A -41.27% 05/01/2007

Oppenheimer High Income Fund/VA - Non-Service Shares Closed 04/30/1986 17.89% -22.76% -10.26% 17.26% N/A -30.57% 05/01/2006

Van Kampen's UIF Core Plus Fixed Income Portfolio - Class I Walled-off 01/02/1997 4.12% 0.58% 3.54% 1.81% N/A -0.02% 05/01/2006


Credit Suisse Trust - International Equity Flex III Portfolio Closed 12/31/1997 50.19% 5.75% 2.02% N/A N/A -5.99% 12/11/2009





as of 12/31/09


Inception Date

One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


Fidelity VIP Overseas Portfolio - Initial Class Closed 01/28/1987 26.56% 0.62% -1.70% 18.46% 1.28% -1.69% 05/01/1987

Gartmore NVIT Emerging Markets Fund - Class I Closed 08/30/2000 60.21% 9.34% 6.49% 54.73% 10.80% 9.08% 10/02/2000

Gartmore NVIT International Equity Fund - Class I Closed 08/30/2000 26.30% 5.85% -0.98% 21.61% 7.09% 0.52% 10/02/2000

Janus Aspen Series Overseas Portfolio - Service Shares Closed 05/02/1994 68.00% 13.83% 3.29% 70.27% 14.26% 3.03% 05/01/2000

Oppenheimer Global Securities Fund/VA - Non-Service Shares Closed 11/12/1990 39.67% 1.94% 2.15% 31.52% 1.69% 2.45% 10/01/1993

Templeton VIPT Developing Markets Securities Fund - Class 310 Walled-off 03/04/1996 67.71% 8.23% 5.71% 63.92% N/A 10.43% 05/02/2005

Templeton VIPT Foreign Securities Fund - Class 310 Walled-off 05/01/1992 34.02% 2.18% 1.47% 28.98% 2.83% 5.27% 05/03/2004

Van Eck Worldwide Insurance Trust - Worldwide Emerging Markets Fund - Class R10 Walled-off 04/30/2004 105.05% 9.85% 13.72% 104.11% 11.81% 15.12% 05/03/2004

Van Eck Worldwide Insurance Trust Worldwide Emerging Markets Fund - Initial Class Closed 12/21/1995 104.82% 9.84% 5.44% 103.90% 11.79% 5.92% 12/23/1996


AIM V.I. Capital Appreciation Fund - Series II Shares Walled-off 05/05/1993 10.87% -4.52% -6.16% 12.73% -4.16% 0.69% 11/15/2002

American Century VP Income & Growth Fund - Class I Walled-off 10/30/1997 17.08% -3.24% -2.08% 10.14% -3.02% -2.29% 05/01/1998

American Century VP Value Fund - Class I Walled-off 05/01/1996 20.70% -1.37% 4.67% 11.89% -1.21% 4.46% 12/23/1996

Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares Walled-off 10/06/1993 28.21% -1.00% -4.81% 25.58% -0.61% -4.85% 10/06/1993

Dreyfus VIF Growth & Income Portfolio - Initial Shares Walled-off 05/02/1994 26.88% -2.58% -2.43% 20.68% -2.23% -2.37% 12/23/1996

Fidelity VIP Contrafund® Portfolio - Initial Class Walled-off 01/03/1995 31.47% 1.11% 1.31% 27.51% 1.74% 1.38% 07/03/1995

Fidelity VIP Growth Opportunities Portfolio - Initial Class Walled-off 01/03/1995 34.23% -4.02% -4.56% 37.51% -3.38% -4.63% 07/14/1997

Neuberger Berman AMT Socially Responsive Portfolio - I Class Walled-off 02/18/1999 27.75% -1.05% 1.29% 23.29% -1.15% 4.24% 05/01/2003

Oppenheimer Capital Appreciation Fund/VA - Non-Service Shares Walled-off 04/03/1985 32.03% -2.14% -2.58% 36.20% -1.55% -2.32% 07/14/1997

T. Rowe Price Blue Chip Growth Portfolio - Class II Walled-off 12/29/2000 30.31% -1.43% -2.45% 33.51% N/A 0.69% 05/02/2005

T. Rowe Price Equity Income Portfolio - Class II Walled-off 03/31/1994 29.50% -1.89% 2.50% 17.20% N/A -1.19% 05/02/2005


Fidelity VIP Value Strategies Portfolio - Service Class Walled-off 02/20/2002 61.67% -2.01% 2.32% 48.89% -2.59% 2.09% 05/01/2002


Credit Suisse Trust - U.S. Equity Flex I Portfolio Walled-off 06/30/1995 28.29% -5.45% -6.12% N/A N/A 1.38% 10/02/2009

Neuberger Berman AMT Small Cap Growth Portfolio - S Class Walled-off 07/12/2002 18.29% -6.66% -0.76% 14.74% -5.99% 0.44% 11/15/2002


Franklin Templeton VIPT Global Bond Securities Fund - Class 310 Walled-off 01/24/1989 10.18% 7.32% 9.42% 10.73% N/A 8.04% 05/02/2005





as of 12/31/09


Inception Date

One Year

Five Years

10 Years or Since

Inception

One Year

Five Years

10 Years or Since

Inclusion

Inclusion Date


Gartmore NVIT Global Utilities Fund - Class III10 Walled-off 12/28/2001 5.26% 2.22% 3.35% 0.17% 3.08% 6.39% 05/01/2002

Janus Aspen Series Global Technology Portfolio: Service II Shares10 Walled-off 01/18/2000 47.12% 3.30% N/A 48.60% 3.27% 2.72% 05/01/2002

Janus Aspen Series Global Technology Portfolio: Service Shares Closed 01/18/2000 46.70% 3.30% -9.13% 48.40% 3.23% -8.69% 05/01/2000

NVIT Global Financial Services Fund - Class III10 Walled-off 12/28/2001 42.75% -3.94% 2.17% 23.78% -3.16% 2.96% 05/01/2002

NVIT Technology and Communications Fund - Class I Closed 06/30/2000 40.21% -0.55% -10.77% 44.03% -1.14% -12.47% 10/02/2000

Van Eck Worldwide Insurance Trust - Worldwide Bond Fund - Class R10 Walled-off 04/30/2004 2.98% 2.68% 4.19% -1.80% 2.52% 4.45% 05/03/2004

Van Eck Worldwide Insurance Trust - Worldwide Hard Assets Fund - Class R10 Walled-off 04/30/2004 41.84% 15.05% 17.79% 49.11% 16.50% 19.10% 05/03/2004

Van Eck Worldwide Insurance Trust Worldwide Bond Fund - Initial Class Closed 09/01/1989 3.07% 2.69% 5.22% -1.80% 2.51% 5.06% 09/01/1989

Van Eck Worldwide Insurance Trust Worldwide Hard Assets Fund - Initial Class Closed 09/01/1989 41.72% 15.04% 13.42% 49.03% 16.48% 13.43% 09/01/1989

Van Kampen's UIF Emerging Markets Debt Portfolio - Class I Closed 06/16/1997 21.70% 5.93% 9.35% 22.09% 6.03% 9.16% 07/14/1997

Understanding Risks

Here's a list of some of the risks associated with the variable annuity underlying investment choices. For specific risks related to each investment, see the prospectus.

1. Funds-of-funds: Designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the portfolio, you are indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds.

2. Government funds: While the funds invest primarily in the securities of the U.S. government and its agencies, the values are not guaranteed by these entities.

3. High-yield funds: Funds that invest in high-yield securities are subject to greater credit risk and price fluctuations than funds that invest in higher-quality securities.

4. Money market funds: These funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other federal government agency. Although they seek to preserve the value of your investment at $1.00 per share, it’s possible to lose money by investing in money market funds.

5. International funds: Funds that invest internationally involve risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and limited availability of information.

6. Small-cap/Mid-cap/Emerging market funds: Funds investing in stocks of small-cap, mid-cap or emerging companies may have less liquidity than those investing in larger, established companies and may be subject to greater price volatility and risk than the overall stock market.

7. Non-diversified funds: Funds that invest in a concentrated sector or focus on a relatively small number of securities may be subject to greater volatility than a more diversified investment.

Contract/Policy numbers

All state variations of: APO-1293-36; APO-1293-54; APO-1293-50

8. Real estate funds: Funds that focus on real estate investing are sensitive to economic and business cycles, changing demographic patterns and government actions.

9. Bond funds: These funds have the same interest rate, inflation and credit risks associated with the underlying bonds owned by the fund.

10. Short-term trading fee: These funds may charge a fee for exchanges made within 60 days of original allocation. Please refer to the prospectus for details.

Fund abbreviationsAMT – Advisers Management Trust VIF – Variable Investment Fund

IP – Investment Portfolios VIP – Variable Insurance Products

LIT – Life Investment Trust VIPT – Variable Insurance Products Trust

NVIT – Nationwide Variable Insurance Trust VIT – Variable Insurance Trust

UIF – The Universal Institutional Funds, Inc. VP – Variable Portfolio

VA – Variable Account VPS – Variable Product Series

VI – Variable Insurance VT – Variable Trust

• Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

Issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, OH, a member of Nationwide Financial®. The general distributor is Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation. Nationwide Life Insurance Company is a subsidiary of Nationwide Financial Services Corporation.

The NVIT CardinalSM Funds and other funds of Nationwide Variable Insurance Trust are distributed by Nationwide Fund Distributors LLC, member FINRA, 1000 Continental Dr., Suite 400, King of Prussia, PA 19406.

Nationwide, Nationwide Financial, the Nationwide framemark and On Your Side are service marks of Nationwide Mutual Insurance Company. The Best of America and America’s VISION Annuity are service marks of Nationwide Life Insurance Company. Nationwide Multi-Manager is a service mark of Nationwide Mutual Insurance Company. NVIT Cardinal is a service mark of Nationwide Life Insurance Company.

©2010, Nationwide Financial Services, Inc. All rights reserved.

We’re On Your Side®

Your investment professional is a personal resource with the knowledge

and commitment to help you determine how to best meet your

investment and life insurance needs. Working with him or her, you can

learn more about how Nationwide’s many products can help you achieve

your fi nancial goals. For more information, visit nationwide.com.

VAM-0588AO.4

Issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, OH, a member of Nationwide Financial®. The general distributor is Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation. Nationwide Life Insurance Company is a subsidiary of Nationwide Financial Services Corporation.

For the specific contract number, please refer to the variable annuity investment choices performance report inside.

Nationwide, Nationwide Financial, the Nationwide framemark and On Your Side are service marks of Nationwide Mutual Insurance Company.

©2010, Nationwide Financial Services, Inc. All rights reserved.

NFS-0008-0110

• Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

the best of america® america’s vision annuity® look … choices performance report january 31,...

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