UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                                (Amendment No. 1)

                            Medallion Financial Corp.
                                (Name of Issuer)

                          Common Stock, Par Value $.01
                         (Title of Class of Securities)

                                    583928106
                                 (CUSIP Number)


                                December 31, 2007
             (Date of Event Which Required Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [X]  Rule 13d-1(b)

     [ ]  Rule 13d-1(c)

     [ ]  Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).





CUSIP No. - 583928106

1    NAME OF REPORTING PERSON:

     Nationwide SA Capital Trust

2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     (a)      /_/
     (b)      /_/

3    SEC USE ONLY

4    CITIZENSHIP OR PLACE OF ORGANIZATION:

     Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5    SOLE VOTING POWER                            0


6    SHARED VOTING POWER                          0


7    SOLE DISPOSITIVE POWER                       0


8    SHARED DISPOSITIVE POWER                     0


9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     0

10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /_/

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     0%

12   TYPE OF REPORTING PERSON

     IA





 Item 1.

(a)  Name of Issuer: Medallion Financial Corp.

(b)  Address of Issuer's Principal  Executive Office:  437 Madison Avenue,  38th
     Floor, New York, New York 10022

Item 2.

(a)  Name of Person Filing: Nationwide SA Capital Trust ("NSACT")

(b)  Address of Principal Business Office or, if none, Residence:

     5 Tower Bridge
     300 Barr Harbor, Suite 300
     Conshohocken, PA  19428

(c)  Citizenship: Delaware

(d)  Title of the Class of Securities: Common Stock, par value $.01

(e)  CUSIP number: 583928106


Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c),
check whether the person filing is a:

(a)  [ ] Broker or dealer  registered  under  section  15 of the Act (15  U.S.C.
     78o).

(b)  [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)  [ ] Insurance  company as defined in section 3(a)(19) of the Act (15 U.S.C.
     78c).

(d)  [ ] Investment company registered under section 8 of the Investment Company
     Act of 1940 (15 U.S.C. 80a-8).

(e)  [X] An investment adviser in accordance withss.240.13d- 1(b)(1)(ii)(E);

(f)  [  ]  An  employee   benefit   plan  or   endowment   fund  in   accordance
     withss.240.13d-1(b)(1)(ii)(F);

(g)  [  ]  A  parent   holding   company   or  control   person  in   accordance
     withss.240.13d-1(b)(1)(ii)(G);

(h)  [ ] A savings association as defined in Section 3(b) of the Federal Deposit
     Insurance Act (12 U.S.C. 1813);

(i)  [ ] A church plan that is excluded  from the  definition  of an  investment
     company under section  3(c)(14) of the  Investment  Company Act of 1940 (15
     U.S.C. 80a-3);

(j)  [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).


Item 4.  Ownership

     In accordance with Securities and Exchange  Commission Release No. 34-39538
(Jan.  12,  1998),  this  statement on Schedule 13G is being filed by NSACT as a
separate  business unit or division of its ultimate  parent  entity,  Nationwide
Mutual Insurance Company.  NSACT, acting as a separate business unit or division
for  purposes  of  Regulation  13D-G,  exercises  voting and  investment  powers
independently  from other  business  units or  divisions  of  Nationwide  Mutual
Insurance Company (other than Nationwide Fund Advisors, a registered  investment
adviser that does not have beneficial ownership of more than 5% of the shares of
the issuer as of December 31, 2007).

     As of  December  31,  2007,  NSACT has no sole or shared  ownership  of the
securities covered by this statement on Schedule 13G.

Item 5.  Ownership of Five Percent or Less of a Class

     If this  statement  is being  filed to report  the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than 5
percent of the class of securities, check the following [X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

N/A

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company

N/A

Item 8. Identification and Classification of Members of the Group

N/A

Item 9. Notice of Dissolution of Group

N/A

Item 10. Certification

     By signing  below I certify  that,  to the best of my knowledge and belief,
the  securities  referred to above were  acquired  and are held in the  ordinary
course of business  and were not acquired and are not held for the purpose of or
with the effect of  changing  or  influencing  the  control of the issuer of the
securities  and were not  acquired and are not held in  connection  with or as a
participant in any transaction having that purpose or effect.





                                   SIGNATURES

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.



                                        NATIONWIDE SA CAPITAL TRUST



                                        By:      /s/Eric E. Miller
                                        Name:    Eric E. Miller
                                        Title:   Senior Vice President
                                        Date:    February 15, 2008