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

Exhibit 23(h)(11)

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 XxxXxxxxx NVIT Multi Sector Bond 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 0.05%, as a percentage of each Fund’s average daily net assets, for the period of one year from the date of this Agreement. 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