--------------------------------------------------------------------------------
EXHIBIT (h)(2)(c)
--------------------------------------------------------------------------------
AMENDMENT TO TRANSFER AND DIVIDEND DISBURSING AGENT AGREEMENT
BETWEEN
NATIONWIDE SEPARATE ACCOUNT TRUST
AND
NATIONWIDE INVESTORS SERVICES, INC.
This amendment, made this 1st day of May, 2000, by and between NATIONWIDE
SEPARATE ACCOUNT TRUST (formerly Nationwide Separate Account Money Market
Trust), a Massachusetts business trust, hereinafter called the "Trust," and
NATIONWIDE INVESTORS SERVICES, INC. (formerly Heritage Financial Services,
Inc.), an Ohio corporation, hereinafter called the "Agent."
WITNESSETH:
WHEREAS, the Trust and the Agent have entered into a Transfer and Dividend
Disbursing Agent Agreement on November 1, 1981, which has been previously
amended; and
WHEREAS, the parties desire to amend such Agreement to change the fees paid
to Agent;
NOW, THEREFORE, in consideration of the mutual covenants and promises
herein contained, it is agreed as follows:
1. Exhibit A, Schedule of Fees, is hereby amended in the form attached hereto
effective May 1, 2000.
2. All other provisions of the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be signed by
their respective officers thereunto duly authorized and their respective seals
to be hereunto affixed as of the day and year first above written.
NATIONWIDE SEPARATE ACCOUNT TRUST
/s/ Xxxxx X. Xxxxx
Name: Xxxxx X. Xxxxx
Title: Treasurer
NATIONWIDE INVESTOR SERVICES, INC.
/s/ Xxxxx X. Xxxxx
Name: Xxxxx X. Xxxxx
Title: Treasurer
-- 304 --
EXHIBIT A
SCHEDULE OF FEES
Effective May 1, 2000
For the services specified in the Agreement, the Trust shall pay the Agent
a fee, computed daily and payable monthly, calculated at an annual rate of 0.01%
of each of the following Fund's average daily net assets:
Total Return Fund
Capital Appreciation Fund
Government Bond Fund
Money Market Fund
Nationwide Small Company Fund
Nationwide Balanced Fund
Nationwide Equity Income Fund
Nationwide Global 50 Fund (formerly Nationwide Global Equity Fund)
Nationwide High Income Bond Fund
Nationwide Multi Sector Bond Fund
Nationwide Small Cap Value Fund
Nationwide Mid Cap Fund (formerly Nationwide Select Advisers Mid Cap Fund)
Nationwide Small Cap Growth Fund (formerly Nationwide Select Advisers Small Cap
Growth Fund)
Nationwide Strategic Growth Fund
Nationwide Strategic Value Fund
Nationwide Income Fund
Nationwide Growth Focus Fund
Nationwide New Economy Fund
Nationwide Global Technology and Communications Fund
Nationwide International Equity Fund
Nationwide Global Life Sciences Fund
The fee listed is payable on or before the 10th day of each succeeding
month.
In addition, the Trust shall pay the Agent reimbursement for the
out-of-pocket expenses, including postage, telephone, forms, supplies and
counsel.
Special extraordinary projects shall be performed by the Agent at rates to
be determined and agreed upon by the parties, based on time and effort involved.
-- 305 --
