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EXHIBIT (h)(3)(a)
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ADMINISTRATIVE SERVICES PLAN
NATIONWIDE SEPARATE ACCOUNT TRUST
(AMENDED EFFECTIVE MAY 31, 2000)
Section 1. This Administrative Services Plan (the "Plan") constitutes the
administrative services plan for the funds as listed on Exhibit A (collectively,
the "Funds"), each a series of Nationwide Separate Account Trust (the "Trust"),
and is adopted upon review and approval by the Board of Trustees of the Trust.
Section 2. Upon the recommendation of the administrator of the Funds, any
officer of the Trust is authorized to execute and deliver, in the name and on
behalf of the Fund, written agreements in substantially any other form duly
approved by the Board of Trustees of the Trust ("Servicing Agreements") with
financial institutions which are shareholders of record or which have a
servicing relationship ("Service Organizations") with the beneficial owners of a
Fund's shares of beneficial interest ("Shares"). Such Servicing Agreements
shall require the Service Organizations to provide administrative support
services as set forth therein and as described in a Fund's applicable
registration statement to their customers who own of record or beneficially
Shares. In consideration for providing such services, a Service Organization
will receive a fee, computed daily and paid monthly in the manner set forth in
the Servicing Agreements, and up to the annual rate listed on Exhibit A for each
class of shares owned of record or beneficially by such customers. Any bank,
trust company, thrift institution, broker-dealer, insurance company or other
financial institution is eligible to become a Service Organization and to
receive fees under this Plan. All expenses incurred by a Fund with respect to
its Shares in connection with the Servicing Agreements and the implementation of
this Plan shall be borne entirely by the holders of Shares of that Fund.
Section 3. So long as this Plan is in effect, the administrator shall
provide to a Fund's Board of Trustees, and the Trustees shall review, at least
quarterly, a written report of the amounts expended pursuant to this Plan and
the purposes for which such expenditures were made.
Section 4. The Plan shall not take effect with respect to the Shares of a
Fund until it has been approved, together with the form of the Servicing
Agreements, by a vote of a majority of the Trustees who are not "interested
persons" of that Fund (as defined in the Investment Company Act of 1940) and who
have no direct or indirect financial interest in the operation of this Plan or
in any agreements related to this Plan (the "Disinterested Trustees"), cast in
person at a meeting called for the purpose of voting on the Plan or such
Servicing Agreement, provided, however, that the Plan is not implemented prior
to the effective date of the post-effective amendment to a Fund's registration
statement describing the Plan and its implementation with respect to that Fund.
Section 5. Unless sooner terminated, this Plan shall continue until July
1, 2000, and thereafter, shall continue automatically for successive annual
periods provided such continuance is approved at least annually by a majority of
the Board of Trustees, including a majority of the Disinterested Trustees.
Section 6. This Plan may be amended at any time with respect to a Fund by
the Board of Trustees, provided that any material amendments of the terms of
this Plan shall become effective only upon the approvals set forth in Section 4.
Section 7. This Plan is terminable at any time with respect to the Fund by
vote of a majority of the Disinterested Trustees.
Section 8. While this Plan is in effect, the selection and nomination of
those Disinterested Trustees shall be committed to the discretion of the
Disinterested Trustees of the Trust.
Section 9. This Plan has been adopted as of November 1, 1999 as
subsequently amended.
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Section 10. The Trust is a business trust organized under Chapter 1746,
Ohio Revised Code and under a Declaration of Trust, to which reference is hereby
made and a copy of which is on file at the office of the Secretary of State of
Ohio as required by law, and to any and all amendments thereto so filed or
hereafter filed. The obligations of a Fund or the Trust entered into in the
name or on behalf thereof by any of the Trustees, officers, employees or agents
are made not individually, but in such capacities, and are not binding upon any
of the Trustees, officers, employees, agents or shareholders as they relate to
the Fund personally, but bind only the assets of the Trust, as set forth in
Section 1746.13(A), Ohio Revised Code, and all persons dealing with a Fund must
look solely to the assets of that Fund for the enforcement of any claims against
the Trust.
ADMINISTRATIVE SERVICES PLAN
NATIONWIDE SEPARATE ACCOUNT TRUST
EXHIBIT A
(AMENDED AS OF MAY 31, 2000)
FUND
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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 II
Nationwide Quest Fund II
Nationwide Global Technology and Communications Fund II
Nationwide Global Life Sciences Fund II
Each Fund shall pay amounts not exceeding on an annual basis a maximum
amount of 25 basis points (0.25%) of the average daily net assets of the Shares
of the Funds.
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