Nationwide Fund Advisors 1200 River Road, Suite 1000 Conshohocken, Pennsylvania 19428

Exhibit 23(h)(10)

Nationwide Fund Advisors
0000 Xxxxx Xxxx, Xxxxx 0000
Xxxxxxxxxxxx, Xxxxxxxxxxxx 19428

                    , 2008

Nationwide Variable Insurance Trust
0000 Xxxxx Xxxx, Xxxxx 000
Xxxxxxxxxxxx, Xxxxxxxxxxxx 19428

     Re: Fee Waiver

Ladies and Gentlemen:

     By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Nationwide Fund Advisors (the “Adviser”) agrees that, with respect to the NVIT Multi-Manager Small Cap Value Fund (the “Fund”), which is series of Nationwide Variable Insurance Trust, the Adviser shall waive a portion of its management fee in an amount equal to 0.03%, as a percentage of each Fund’s average daily net assets, on a temporary basis, from the date of this Agreement until performance of the Fund improves. The Adviser acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.

	Nationwide Fund Advisors
	By:	/s/
		Name:
		Title:

Your signature below acknowledges
acceptance of this Agreement:

Nationwide Variable Insurance Trust
By:	/s/
	Name:
	Title:
	Date:	, 2008