NATIONWIDE^®

VARIABLE

ACCOUNT-9

Annual Report

to

Contract Owners

December 31, 2007

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

APO – 3604 –12 /07

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2007

Assets:
Investments at fair value:
AIM VIF – Basic Balanced Fund – Series I (AIMBBal) 50,150 shares (cost $469,748)	$	592,275
AIM VIF – Basic Value Fund – Series II (AIMBValue2) 699,496 shares (cost $8,234,383)		8,827,643
AIM VIF – Capital Appreciation Fund – Series I (AIMCapAp) 6,483 shares (cost $143,106)		190,416
AIM VIF – Capital Appreciation Fund – Series II (AIMCapAp2) 70,985 shares (cost $1,914,744)		2,055,011
AIM VIF – Capital Development Fund – Series II (AIMCapDev2) 227,337 shares (cost $4,704,479)		4,212,553
AIM VIF – Core Equity Fund – Series I (AIMCoreEq) 21,595 shares (cost $533,266)		628,616
AIM VIF – Core Equity Fund – Series II (AIMCoreEq2) 58,736 shares (cost $1,473,397)		1,696,292
AIM V.I. Global Health Care – Series I (AIMGlobHlth) 3,029 shares (cost $64,746)		72,870
AIM V.I. Global Real Estate Fund – Series I (AIMGlobRE) 22,614 shares (cost $590,973)		494,795
AIM VIF – Large Cap Growth Fund – Series I (AIMLrgCpGr) 34,163 shares (cost $436,419)		541,477
AllianceBernstein VPS – Growth and Income Portfolio – Class B (AlVGrIncB) 126,434 shares (cost $2,821,348)		3,356,814
AllianceBernstein VPS – Large Cap Growth Portfolio – Class B (AlVLrgCpGrB) 107,929 shares (cost $2,425,486)		3,233,558
AllianceBernstein VPS – Small/Mid Cap Value Portfolio – Class B (AlVSmMdCpB) 277,011 shares (cost $4,052,076)		4,717,489
American Century VP – Income & Growth Fund – Class I (ACVPIncGr) 18,374,962 shares (cost $112,880,284)		155,452,175
American Century VP – Income & Growth Fund – Class II (ACVPIncGr2) 413,757 shares (cost $2,616,554)		3,492,108
American Century VP – Inflation Protection Fund – Class II (ACVPInflPro2) 5,080,980 shares (cost $52,765,430)		53,604,340
American Century VP – International Fund – Class I (ACVPInt) 7,347,186 shares (cost $47,575,760)		87,137,627
American Century VP – International Fund – Class III (ACVPInt3) 6,234,163 shares (cost $41,187,164)		73,937,169
American Century VP – Mid Cap Value Fund – Class I (ACVPMdCpV) 1,015,474 shares (cost $14,235,242)		13,140,232
American Century VP – Mid Cap Value Fund – Class II (ACVPMdCpV2) 32,127 shares (cost $458,161)		416,049
American Century VP – Ultra® Fund – Class I (ACVPUltra) 1,443,163 shares (cost $15,953,616)		17,534,426
American Century VP – Ultra® Fund – Class II (ACVPUltra2) 149,933 shares (cost $1,389,746)		1,808,190

(Continued)

2

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

American Century VP – Value Fund – Class I (ACVPVal) 48,918,203 shares (cost $367,500,767)	$	365,418,973
American Century VP – Value Fund – Class II (ACVPVal2) 982,403 shares (cost $7,365,880)		7,328,725
American Century VP – VistaSM Fund – Class I (ACVPVista1) 1,432,016 shares (cost $29,232,752)		31,504,354
American Century VP – VistaSM Fund – Class II (ACVPVista2) 21,008 shares (cost $428,363)		460,494
BB&T Variable Insurance Funds – Capital Manager Equity Fund (BBTCapMgr) 193,011 shares (cost $1,760,700)		1,993,801
BB&T Variable Insurance Funds – Large Cap Fund (BBTLgCap) 369,605 shares (cost $4,949,481)		5,067,282
BB&T Variable Insurance Funds – Mid Cap Growth Fund (BBTMdCapGr) 209,746 shares (cost $2,381,787)		3,836,263
Credit Suisse Trust – Global Small Cap Portfolio (CSTGlobSmCp) 178,476 shares (cost $1,693,345)		2,512,944
Credit Suisse Trust – International Focus Portfolio (CSTIntFoc) 433,000 shares (cost $3,818,254)		6,863,045
Credit Suisse Trust – Large Cap Value Portfolio (CSTLCapV) 689,816 shares (cost $9,194,329)		9,298,717
Dreyfus IP – Small Cap Stock Index Portfolio – Service Shares (DryIPSmCap) 2,397,920 shares (cost $41,758,558)		42,299,308
Dreyfus Stock Index Fund, Inc. – Initial Shares (DryStkIx) 18,470,370 shares (cost $497,433,869)		690,791,831
Dreyfus VIF – Appreciation Portfolio – Initial Shares (DryVApp) 2,314,445 shares (cost $80,879,481)		103,826,017
Dreyfus VIF – Appreciation Portfolio – Service Shares (DryVAppS) 78,460 shares (cost $2,615,510)		3,498,551
Dreyfus VIF – Developing Leaders Portfolio – Initial Shares (DryVDevLd) 14,031 shares (cost $465,629)		453,755
Dreyfus VIF – International Value Portfolio – Initial Shares (DryVIntVal) 29,071 shares (cost $370,685)		506,705
Federated IS – American Leaders Fund II – Service Shares (FedAmLeadS) 28,663 shares (cost $518,692)		488,139
Federated IS – Capital Appreciation Fund II – Service Shares (FedCapApS) 145,237 shares (cost $716,376)		1,070,398
Federated IS – High Income Bond II – Service Shares (FedHiIncS) 621,124 shares (cost $4,682,103)		4,627,372
Federated IS – Market Opportunity Fund II – Service Shares (FedMrkOp) 119,345 shares (cost $1,221,365)		1,223,288
Federated IS – Quality Bond Fund II – Primary Shares (FedQualBd) 20,766,995 shares (cost $238,367,847)		235,497,730
Federated IS – Quality Bond Fund II – Service Shares (FedQualBdS) 751,986 shares (cost $8,622,145)		8,489,918
Fidelity® VIP – Equity-Income Portfolio – Service Class (FidVIPEIS) 26,774,804 shares (cost $587,932,177)		637,775,839
Fidelity® VIP – Equity-Income Portfolio – Service Class 2 (FidVIPEIS2) 645,876 shares (cost $14,145,534)		15,223,302
Fidelity® VIP – Growth Portfolio – Service Class (FidVIPGrS) 9,523,690 shares (cost $269,260,778)		428,470,835

(Continued)

3

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

Fidelity® VIP – Growth Portfolio – Service Class 2 (FidVIPGrS2) 132,664 shares (cost $3,848,262)	$	5,923,437
Fidelity® VIP – High Income Portfolio – Service Class (FidVIPHIS) 19,616,541 shares (cost $125,470,455)		116,718,418
Fidelity® VIP – High Income Portfolio – Service Class R (FidVIPHISR) 5,088,312 shares (cost $32,444,401)		30,173,690
Fidelity® VIP – Overseas Portfolio – Service Class (FidVIPOvS) 2,093,649 shares (cost $31,952,948)		52,801,829
Fidelity® VIP – Overseas Portfolio – Service Class 2 R (FidVIPOvS2R) 458,225 shares (cost $7,405,764)		11,432,716
Fidelity® VIP – Overseas Portfolio – Service Class R (FidVIPOvSR) 4,014,801 shares (cost $74,629,211)		101,132,834
Fidelity® VIP II – Contrafund® Portfolio – Service Class (FidVIPConS) 29,340,852 shares (cost $706,803,445)		815,675,673
Fidelity® VIP II – Contrafund® Portfolio – Service Class 2 (FidVIPConS2) 757,552 shares (cost $18,818,241)		20,802,379
Fidelity® VIP II – Investment Grade Bond Portfolio – Service Class (FidVIPIGBdS) 5,257,149 shares (cost $64,894,661)		66,608,078
Fidelity® VIP III – Growth Opportunities Portfolio – Service Class (FidVIPGrOpS) 2,488,596 shares (cost $36,241,450)		55,545,479
Fidelity® VIP III – Mid Cap Portfolio – Service Class (FidVIPMCapS) 1,220,568 shares (cost $41,076,070)		43,916,029
Fidelity® VIP III – Mid Cap Portfolio – Service Class 2 (FidVIPMCapS2) 446,536 shares (cost $12,176,403)		15,910,081
Fidelity® VIP III – Value Strategies Portfolio – Service Class (FidVIPVaIS) 2,564,455 shares (cost $33,241,502)		32,158,271
Fidelity® VIP III – Value Strategies Portfolio – Service Class 2 (FidVIPVaIS2) 208,767 shares (cost $2,661,266)		2,634,639
Fidelity® VIP IV – Energy Portfolio – Service Class 2 (FidVIPEnergyS2) 1,792,763 shares (cost $41,071,499)		47,400,641
Fidelity® VIP IV – Freedom Fund 2010 Portfolio – Service Class (FidVIPFree10S) 695,901 shares (cost $8,414,878)		8,316,018
Fidelity® VIP IV – Freedom Fund 2010 Portfolio – Service Class 2 (FidVIPFree10S2) 2,854 shares (cost $31,425)		34,019
Fidelity® VIP IV – Freedom Fund 2020 Portfolio – Service Class (FidVIPFree20S) 525,696 shares (cost $6,659,447)		6,634,278
Fidelity® VIP IV – Freedom Fund 2020 Portfolio – Service Class 2 (FidVIPFree20S2) 3,480 shares (cost $40,985)		43,843
Fidelity® VIP IV – Freedom Fund 2030 Portfolio – Service Class (FidVIPFree30S) 278,664 shares (cost $3,661,089)		3,625,422
Fidelity® VIP IV – Freedom Fund 2030 Portfolio – Service Class 2 (FidVIPFree30S2) 29,033 shares (cost $373,631)		377,134
Franklin Templeton VIP – Developing Markets Securities Fund – Class 3 (FrVIPDevMrk3) 1,527,925 shares (cost $22,656,631)		24,385,690
Franklin Templeton VIP – Foreign Securities Fund – Class 2 (FrVIPForSec2) 5,050 shares (cost $67,160)		102,265
Franklin Templeton VIP – Foreign Securities Fund – Class 3 (FrVIPForSec3) 728,724 shares (cost $13,601,343)		14,705,652
Franklin Templeton VIP – Global Income Securities Fund – Class 3 (FrVIPGlInc3) 1,983,693 shares (cost $31,335,027)		33,147,511

(Continued)

4

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

Franklin Templeton VIP – Income Securities Fund – Class 2 (FrVIPIncSec2) 3,505,239 shares (cost $61,349,428)	$	60,675,691
Franklin Templeton VIP – Rising Dividends Securities Fund – Class 2 (FrVIPRisDiv2) 58,167 shares (cost $1,043,915)		1,120,887
Franklin Templeton VIP – Small Cap Value Securities Fund – Class 2 (FrVIPSCapV2) 1,004,172 shares (cost $19,244,087)		17,171,338
Janus Aspen Series – Balanced Portfolio – Service Shares (JAspBal) 1,049 shares (cost $25,831)		32,606
Janus Aspen Series – Forty Portfolio – Service Shares (JAspForty) 5,824,674 shares (cost $134,172,096)		237,646,679
Janus Aspen Series – Global Technology Portfolio – Service II Shares (JAspGlTechS2) 3,728,588 shares (cost $14,252,328)		19,686,946
Janus Aspen Series – Global Technology Portfolio – Service Shares (JAspGlTechS) 6,720,360 shares (cost $24,758,787)		34,811,464
Janus Aspen Series – INTECH Risk-Managed Core Portfolio – Service Shares (JAspRMgCore) 237,055 shares (cost $3,102,265)		3,150,460
Janus Aspen Series – International Growth Portfolio – Service II Shares (JAspIntGroS2) 2,755,806 shares (cost $108,651,149)		178,521,139
Janus Aspen Series – International Growth Portfolio – Service Shares (JAspIntGroS) 2,393,155 shares (cost $56,371,750)		154,382,439
JPMorgan Series Trust II – Mid Cap Value Portfolio (JPM2MdCap) 939,361 shares (cost $26,056,895)		28,810,202
Lehman Brothers AMT – Short Duration Bond Portfolio – I Class (LBTShrtDBd) 4,093,983 shares (cost $52,525,866)		53,221,780
MFS VIT – Investors Growth Stock Series – Service Class (MFSInvGrStS) 22,629 shares (cost $203,450)		261,815
MFS VIT – Mid Cap Growth Series – Service Class (MFSMidCapGrS) 402,063 shares (cost $2,228,451)		3,023,514
MFS VIT – New Discovery Series – Service Class (MFSNewDiscS) 79,335 shares (cost $1,120,232)		1,293,958
MFS VIT – Value Series – Service Class (MFSValueS) 2,829,041 shares (cost $39,332,240)		42,775,097
Nationwide VIT – American Funds Asset Allocation Fund – Class II (NVITAstAll2) 2,519,656 shares (cost $47,921,380)		48,755,352
Nationwide VIT – American Funds Bond Fund – Class II (NVITBnd2) 3,544,785 shares (cost $41,219,591)		39,772,489
Nationwide VIT – American Funds Global Growth Fund – Class II (NVITGlobGr2) 1,236,547 shares (cost $29,445,891)		32,249,134
Nationwide VIT – American Funds Growth – Income Fund – Class II (NVITGroInc2) 134,100 shares (cost $6,103,789)		5,841,376
Nationwide VIT – American Funds Growth Fund – Class II (NVITGrowth2) 527,347 shares (cost $34,881,827)		38,053,336
Nationwide VIT – Federated High Income Bond Fund – Class I (NVITFHiInc) 9,226,157 shares (cost $74,252,484)		70,487,839
Nationwide VIT – Federated High Income Bond Fund – Class III (NVITFHiInc3) 5,350,883 shares (cost $42,297,687)		40,827,235
Nationwide VIT – Gartmore Emerging Markets Fund – Class I (NVITEmMrkts) 253,514 shares (cost $3,025,208)		5,731,950
Nationwide VIT – Gartmore Emerging Markets Fund – Class III (NVITEmMrkts3) 6,922,052 shares (cost $114,472,580)		156,369,150

(Continued)

5

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

Nationwide VIT – Gartmore Emerging Markets Fund – Class VI (NVITEmMrkts6) 108,056 shares (cost $1,801,185)	$	2,439,913
Nationwide VIT – Gartmore Global Utilities Fund – Class I (NVITGlUtl) 6,538 shares (cost $69,536)		80,150
Nationwide VIT – Gartmore Global Utilities Fund – Class III (NVITGlUtl3) 2,743,272 shares (cost $34,334,177)		33,742,241
Nationwide VIT – Gartmore International Growth Fund – Class I (NVITIntGro) 111,667 shares (cost $827,921)		1,570,050
Nationwide VIT – Gartmore International Growth Fund – Class III (NVITIntGro3) 4,629,526 shares (cost $51,874,700)		65,137,425
Nationwide VIT – Gartmore Worldwide Leaders Fund – Class I (NVITWLead) 980,710 shares (cost $7,057,162)		18,623,674
Nationwide VIT – Gartmore Worldwide Leaders Fund – Class III (NVITWLead3) 956,688 shares (cost $15,449,147)		18,157,938
Nationwide VIT – Global Financial Services Fund – Class I (NVITGlFin) 2,199 shares (cost $26,659)		23,946
Nationwide VIT – Global Financial Services Fund – Class III (NVITGlFin3) 779,041 shares (cost $10,210,840)		8,483,757
Nationwide VIT – Global Health Sciences Fund – Class I (NVITGlHlth) 8,653 shares (cost $91,142)		101,848
Nationwide VIT – Global Health Sciences Fund – Class III (NVITGlHlth3) 1,840,024 shares (cost $20,085,506)		21,712,284
Nationwide VIT – Global Technology and Communications Fund – Class I (NVITGlTech) 357,677 shares (cost $1,341,620)		1,838,463
Nationwide VIT – Global Technology and Communications Fund – Class III (NVITGlTech3) 3,463,715 shares (cost $16,200,141)		17,942,043
Nationwide VIT – Government Bond Fund – Class I (NVITGvtBd) 38,227,254 shares (cost $454,005,615)		444,582,975
Nationwide VIT – Government Bond Fund – Class II (NVITGvtBd2) 1,208,769 shares (cost $14,453,319)		14,009,627
Nationwide VIT – Growth Fund – Class I (NVITGrowth) 4,052,213 shares (cost $36,905,069)		58,757,092
Nationwide VIT – International Index Fund – Class VIII (NVITIntIdx8) 367,606 shares (cost $4,251,881)		4,267,905
Nationwide VIT – International Value Fund – Class II (NVITIntVal2) 270 shares (cost $3,807)		4,704
Nationwide VIT – International Value Fund – Class III (NVITIntVal3) 3,568,278 shares (cost $59,928,245)		62,195,078
Nationwide VIT – International Value Fund – Class VI (NVITIntVal6) 123,829 shares (cost $2,129,531)		2,152,150
Nationwide VIT – Investor Destinations Aggressive Fund – Class II (NVITIDAgg2) 6,105,116 shares (cost $72,774,958)		83,029,582
Nationwide VIT – Investor Destinations Conservative Fund – Class II (NVITIDCon2) 8,373,358 shares (cost $86,774,094)		87,082,923
Nationwide VIT – Investor Destinations Moderate Fund – Class II (NVITIDMod2) 36,877,014 shares (cost $390,243,607)		458,750,058
Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class II (NVITIDModAg2) 20,073,539 shares (cost $230,989,640)		267,781,006
Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class II (NVITIDModCon2) 13,962,612 shares (cost $150,456,466)		158,475,644

(Continued)

6

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

Nationwide VIT – J.P. Morgan Balanced Fund – Class I (NVITJPBal) 9,522,110 shares (cost $87,601,839)	$	104,267,107
Nationwide VIT – Mid Cap Growth Fund – Class I (NVITMdCpGr) 2,169,328 shares (cost $50,846,198)		70,568,238
Nationwide VIT – Mid Cap Index Fund – Class I (NVITMidCap) 12,122,273 shares (cost $184,396,244)		232,505,204
Nationwide VIT – Money Market Fund – Class I (NVITMyMkt) 608,001,216 shares (cost $608,001,216)		608,001,216
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class I (NVITSmCapGr) 3,631,844 shares (cost $57,212,643)		65,409,515
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class II (NVITSmCapGr2) 69,944 shares (cost $938,661)		1,241,503
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class I (NVITSmCapVal) 24,861,897 shares (cost $287,101,056)		245,635,535
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class II (NVITSmCapVal2) 270,652 shares (cost $3,139,234)		2,641,562
Nationwide VIT – Multi-Manager Small Company Fund – Class I (NVITSmComp) 11,462,932 shares (cost $250,779,430)		254,591,714
Nationwide VIT – Multi-Manager Small Company Fund – Class II (NVITSmComp2) 219,557 shares (cost $4,599,014)		4,795,127
Nationwide VIT – Nationwide Fund – Class I (NVITNWFund) 20,713,943 shares (cost $218,793,171)		281,502,489
Nationwide VIT – Nationwide Fund – Class II (NVITNWFund2) 114,181 shares (cost $1,138,131)		1,546,010
Nationwide VIT – Nationwide Leaders Fund – Class I (NVITNWLead) 310 shares (cost $3,885)		4,040
Nationwide VIT – Nationwide Leaders Fund – Class III (NVITNWLead3) 1,201,930 shares (cost $16,725,671)		15,709,229
Nationwide VIT – U.S. Growth Leaders Fund – Class I (NVITUSGro) 38,088 shares (cost $430,698)		491,717
Nationwide VIT – U.S. Growth Leaders Fund – Class III (NVITUSGro3) 1,501,258 shares (cost $16,774,270)		19,501,346
Nationwide VIT – Van Kampen Comstock Value Fund – Class I (NVITVKVal) 6,150,138 shares (cost $69,482,838)		70,726,584
Nationwide VIT – Van Kampen Multi Sector Bond Fund – Class I (NVITMltSec) 13,648,293 shares (cost $132,557,969)		134,572,167
Neuberger Berman AMT – Fasciano Portfolio – S Class Shares (NBTAFasc) 121,404 shares (cost $1,810,700)		1,760,363
Neuberger Berman AMT – Guardian Portfolio – I Class Shares (NBTAGuard) 3,806,484 shares (cost $48,403,999)		80,354,890
Neuberger Berman AMT – International Portfolio – Class S (NBTAInt) 951,260 shares (cost $13,916,670)		12,946,648
Neuberger Berman AMT – Mid-Cap Growth Portfolio – I Class Shares (NBTAMCGr) 5,649,374 shares (cost $93,412,640)		161,007,167
Neuberger Berman AMT – Partners Portfolio – Class I (NBTAPart) 6,229,595 shares (cost $126,874,934)		129,388,694
Neuberger Berman AMT – Regency Portfolio – Class S (NBTARegS) 338,096 shares (cost $6,395,579)		5,872,729
Neuberger Berman AMT – Socially Responsive Portfolio Class I (NBTSocRes) 991,218 shares (cost $16,412,706)		17,752,721

(Continued)

7

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

Oppenheimer VAF – Capital Appreciation Fund – Service Class (OppCapApS) 141,384 shares (cost $4,362,248)	$	6,613,950
Oppenheimer VAF – Capital Appreciation Fund – Non-Service Shares (OppCapAp) 6,685,182 shares (cost $196,796,858)		315,406,925
Oppenheimer VAF – Global Securities Fund – Class 3 (OppGlSec3) 5,479,404 shares (cost $154,114,490)		201,751,661
Oppenheimer VAF – Global Securities Fund – Non-Service Shares (OppGlSec) 4,212,927 shares (cost $86,097,860)		154,193,139
Oppenheimer VAF – Global Securities Fund – Service Class (OppGlSecS) 173,206 shares (cost $3,383,702)		6,282,181
Oppenheimer VAF – High Income Fund – Class 3 (OppHighInc3) 219,673 shares (cost $1,790,526)		1,752,990
Oppenheimer VAF – High Income Fund – Non-Service Shares (OppHighInc) 169,809 shares (cost $1,386,918)		1,349,980
Oppenheimer VAF – High Income Fund – Service Class (OppHighIncS) 16,221 shares (cost $136,995)		127,986
Oppenheimer VAF – Main Street Small Cap Fund® – Non-Service Shares (OppMStSCap) 623,972 shares (cost $12,197,455)		11,356,291
Oppenheimer VAF – Main Street Small Cap Fund® – Service Class (OppMStSCapS) 10,534 shares (cost $173,615)		189,921
Oppenheimer VAF – Main Street® – Non-Service Shares (OppMSt) 10,618,471 shares (cost $189,235,553)		271,939,050
Oppenheimer VAF – Main Street® – Service Class (OppMStS) 335,177 shares (cost $5,757,030)		8,506,803
Oppenheimer VAF – Mid Cap Fund – Non-Service Shares (OppMidCap) 2,513,900 shares (cost $96,630,338)		135,926,580
Oppenheimer VAF – Strategic Bond Fund – Service Class (OppStratBdS) 1,148,652 shares (cost $5,816,328)		6,489,885
PIMCO PVIT Real Return Portfolio – Administrative Shares (PVITRealRet) 22,172 shares (cost $263,156)		278,703
PIMCO PVIT Total Return Portfolio – Administrative Shares (PVITTotRet) 35,921 shares (cost $362,936)		376,809
Putnam VT – Growth and Income Fund – IB Shares (PVTGroInc) 1,215 shares (cost $30,617)		28,098
Royce Micro-Cap (RCFMicroCap) 34,740 shares (cost $515,785)		467,942
SBL Fund – Series D (Global Series) (SBLGlob) 15,906 shares (cost $173,320)		191,032
SBL Fund – Series J (Mid Cap Growth Series ) (SBLMidCapGr) 2,149 shares (cost $65,874)		60,167
SBL Fund – Series N (Managed Asset Allocation Series) (SBLAsAlloc) 6,417 shares (cost $128,602)		126,224
SBL Fund – Series O (Equity Income Series) (SBLEqInc) 12,437 shares (cost $289,780)		290,643
SBL Fund – Series P (High Yield Series) (SBLHighYld) 22,854 shares (cost $432,193)		438,337
SBL Fund – Series Q (Small Cap Value Series) (SBLSmCapVal) 21,271 shares (cost $583,739)		613,041
SBL Fund – Series V (Mid Cap Value Series) (SBLMidCapVal) 29,241 shares (cost $1,427,073)		1,393,043

(Continued)

8

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

SBL Fund – Series X (Small Cap Growth Series) (SBLSmCapGr) 77 shares (cost $1,579)	$	1,561
SBL Fund – Series Y (Select 25 Series) (SBLSel25) 538 shares (cost $5,361)		5,469
T. Rowe Price Blue Chip Growth Portfolio – II (TRoeBlChip2) 1,932,917 shares (cost $20,274,727)		22,615,130
T. Rowe Price Equity Income Portfolio – II (TRowEqInc2) 1,012,330 shares (cost $25,132,831)		23,941,613
T. Rowe Price Limited Term Bond Portfolio – Class II (TRowLtdTBd2) 1,355,910 shares (cost $6,653,656)		6,711,752
The Dreyfus Socially Responsible Growth Fund, Inc. – Initial Shares (DrySRGro) 2,582,086 shares (cost $57,754,187)		78,753,615
The Dreyfus Socially Responsible Growth Fund, Inc. – Service Shares (DrySRGroS) 6,610 shares (cost $160,997)		199,947
Van Eck Worldwide Insurance Trust – Emerging Markets Fund – Class R1 (VEWrldEMktR1) 1,628,289 shares (cost $35,446,167)		45,071,048
Van Eck Worldwide Insurance Trust – Emerging Markets Fund – Initial Class (VEWrldEMkt) 1,533,493 shares (cost $24,606,579)		42,508,434
Van Eck Worldwide Insurance Trust – Hard Assets Fund – Class R1 (VEWrldHAsR1) 1,481,717 shares (cost $46,713,263)		61,017,120
Van Eck Worldwide Insurance Trust – Hard Assets Fund – Initial Class (VEWrldHAs) 740,863 shares (cost $14,570,111)		30,516,164
Van Kampen LIT – Comstock Portfolio – Class II (VKLCom2) 1,234,550 shares (cost $13,482,842)		17,036,785
Van Kampen LIT – Strategic Growth Portfolio – Class II (VKLStratGro2) 74,543 shares (cost $1,630,603)		2,481,526
Van Kampen UIF – Core Plus Fixed Income Portfolio – Class I (VKUCorPlus) 973,015 shares (cost $11,151,619)		11,267,508
Van Kampen UIF – Core Plus Fixed Income Portfolio – Class II (VKUCorPlus2) 100,841 shares (cost $1,141,630)		1,157,660
Van Kampen UIF – Emerging Markets Debt Portfolio – Class I (VKUEmMkt) 2,600,810 shares (cost $21,938,877)		22,184,907
Van Kampen UIF – Mid Cap Growth Portfolio – class I (VKUMCpGro) 1,814,399 shares (cost $23,375,202)		26,453,936
Van Kampen UIF – U.S. Real Estate Portfolio – Class I (VKUUSRE) 9,513,828 shares (cost $207,315,939)		209,779,903
Victory VIF – Diversified Stock Fund Class A Shares (VicDivrStk) 1,024,795 shares (cost $10,202,042)		13,517,040
W&R Target Funds, Inc. – Asset Strategy Portfolio (WRAsStrat) 27,974,438 shares (cost $219,346,519)		344,804,526
W&R Target Funds, Inc. – Balanced Portfolio (WRBal) 10,103,987 shares (cost $69,656,164)		98,639,163
W&R Target Funds, Inc. – Bond Portfolio (WRBond) 24,261,350 shares (cost $132,309,986)		129,203,817
W&R Target Funds, Inc. – Core Equity Portfolio (WRCoreEq) 20,028,697 shares (cost $197,545,100)		259,537,860
W&R Target Funds, Inc. – Dividend Income Portfolio (WRDivInc) 5,391,102 shares (cost $33,970,777)		43,136,899
W&R Target Funds, Inc. – Energy Portfolio (WREnergy) 1,571,177 shares (cost $8,858,351)		10,956,129

(Continued)

9

NATIONWIDE VARIABLE ACCOUNT-9

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY, Continued

W&R Target Funds, Inc. – Global Natural Resources Portfolio (WRGlNatRes) 7,010,752 shares (cost $51,103,904)	$	70,695,021
W&R Target Funds, Inc. – Growth Portfolio (WRGrowth) 24,336,452 shares (cost $183,263,023)		292,614,197
W&R Target Funds, Inc. – High Income Portfolio (WRHiInc) 26,242,048 shares (cost $86,657,425)		84,055,904
W&R Target Funds, Inc. – International Growth Portfolio (WRIntGro) 8,372,417 shares (cost $51,539,055)		89,991,757
W&R Target Funds, Inc. – International Value Portfolio (WRIntVal) 1,788,487 shares (cost $37,667,289)		40,050,485
W&R Target Funds, Inc. – Micro Cap Growth Portfolio (WRMicCpGr) 300,339 shares (cost $5,560,641)		6,422,386
W&R Target Funds, Inc. – Mid Cap Growth Portfolio (WRMidCpGr) 2,331,789 shares (cost $15,131,783)		16,810,099
W&R Target Funds, Inc. – Money Market Portfolio (WRMMkt) 40,497,124 shares (cost $40,497,124)		40,497,124
W&R Target Funds, Inc. – Mortgage Securities Portfolio (WRMortSec) 1,880,189 shares (cost $9,565,657)		9,365,785
W&R Target Funds, Inc. – Real Estate Securities Portfolio (WRRealEstS) 2,732,412 shares (cost $20,564,594)		19,090,543
W&R Target Funds, Inc. – Science and Technology Portfolio (WRSciTech) 7,626,969 shares (cost $98,075,551)		137,115,353
W&R Target Funds, Inc. – Small Cap Growth Portfolio (WRSmCpGr) 12,732,073 shares (cost $102,915,398)		130,404,436
W&R Target Funds, Inc. – Small Cap Value Portfolio (WRSmCpVal) 840,971 shares (cost $13,329,101)		12,044,303
W&R Target Funds, Inc. – Value Portfolio (WRValue) 18,237,631 shares (cost $98,532,687)		116,064,286
Wells Fargo AVT – Opportunity FundSM (WFVOpp) 6,766,465 shares (cost $119,852,390)		149,065,235
Total investments		14,026,223,408
Accounts receivable – MFS VIT – New Discovery Series – Service Class (MFSNewDiscS)		46,548
Total assets		14,026,269,956
Accounts payable		260,090
Contract owners’ equity (note 4)	$	14,026,009,866

See accompanying notes to financial statements.

10

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS

Year Ended December 31, 2007

Investment activity:		Total		AIMBBal		AIMBValue2		AIMCapAp		AIMCapAp2		AIMCapDev2		AIMCoreEq		AIMCoreEq2
Reinvested dividends	$	251,849,861		18,820		30,773		–		–		–		7,049		16,269
Mortality and expense risk charges (note 2)		(182,843,280	)	(9,147	)	(160,789	)	(2,319	)	(31,664	)	(64,839	)	(8,547	)	(34,094	)
Net investment income (loss)		69,006,581		9,673		(130,016	)	(2,319	)	(31,664	)	(64,839	)	(1,498	)	(17,825	)
Proceeds from mutual fund shares sold		4,408,625,453		191,789		3,823,564		39,245		1,221,124		9,393,413		48,593		354,635
Cost of mutual fund shares sold		(3,447,281,591	)	(142,644	)	(2,182,843	)	(23,475	)	(868,974	)	(9,016,984	)	(30,715	)	(311,518	)
Realized gain (loss) on investments		961,343,862		49,145		1,640,721		15,770		352,150		376,429		17,878		43,117
Change in unrealized gain (loss) on investments		(513,187,435	)	(47,842	)	(2,009,263	)	4,302		(163,703	)	(608,369	)	21,571		80,598
Net gain (loss) on investments		448,156,427		1,303		(368,542	)	20,072		188,447		(231,940	)	39,449		123,715
Reinvested capital gains		721,563,167		–		517,364		–		–		353,722		–		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,238,726,175		10,976		18,806		17,753		156,783		56,943		37,951		105,890
Investment activity:		AIMGlobHlth		AIMGlobRE		AIMLrgCpGr		AlVGrIncB		AlVLrgCpGrB		AlVSmMdCpB		ACVPIncGr		ACVPIncGr2
Reinvested dividends	$	–		19,295		148		47,226		–		38,291		3,628,428		65,987
Mortality and expense risk charges (note 2)		(641	)	(3,192	)	(5,860	)	(69,978	)	(59,439	)	(102,292	)	(2,207,481	)	(75,748	)
Net investment income (loss)		(641	)	16,103		(5,712	)	(22,752	)	(59,439	)	(64,001	)	1,420,947		(9,761	)
Proceeds from mutual fund shares sold		3,425		115,228		60,300		1,081,793		649,266		1,738,407		51,547,904		715,991
Cost of mutual fund shares sold		(2,882	)	(102,448	)	(51,176	)	(775,226	)	(424,753	)	(961,288	)	(35,031,124	)	(411,057	)
Realized gain (loss) on investments		543		12,780		9,124		306,567		224,513		777,119		16,516,780		304,934
Change in unrealized gain (loss) on investments		5,927		(105,430	)	58,209		(363,909	)	187,300		(1,049,780	)	(18,484,012	)	(357,821	)
Net gain (loss) on investments		6,470		(92,650	)	67,333		(57,342	)	411,813		(272,661	)	(1,967,232	)	(52,887	)
Reinvested capital gains		–		46,053		–		194,260		–		358,138		–		–
Net increase (decrease) in contract owners’ equity resulting from operation	$	5,829		(30,494	)	61,621		114,166		352,374		21,476		(546,285	)	(62,648	)

(Continued)

11

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:			ACVPInflPro2		ACVPInt		ACVPInt3		ACVPMdCpV		ACVPMdCpV2		ACVPUltra		ACVPUltra2		ACVPVal
Reinvested dividends	$		2,221,908		693,925		526,173		96,623		2,219		–		–		7,785,041
Mortality and expense risk charges (note 2)			(611,842	)	(1,071,362	)	(900,506	)	(174,515	)	(4,903	)	(138,028	)	(31,674	)	(5,631,750	)
Net investment income (loss)			1,610,066		(377,437	)	(374,333	)	(77,892	)	(2,684	)	(138,028	)	(31,674	)	2,153,291
Proceeds from mutual fund shares sold			13,404,963		30,225,708		16,714,538		7,976,090		150,720		4,935,508		610,679		135,503,591
Cost of mutual fund shares sold			(13,811,068	)	(17,626,463	)	(7,976,338	)	(7,435,908	)	(130,969	)	(4,539,365	)	(442,056	)	(101,343,874	)
Realized gain (loss) on investments			(406,105	)	12,599,245		8,738,200		540,182		19,751		396,143		168,623		34,159,717
Change in unrealized gain (loss) on investments			2,640,419		2,644,629		3,186,956		(1,405,711	)	(51,868	)	1,650,422		158,181		(99,697,993	)
Net gain (loss) on investments			2,234,314		15,243,874		11,925,156		(865,529	)	(32,117	)	2,046,565		326,804		(65,538,276	)
Reinvested capital gains			–		–		–		140,936		2,217		–		–		40,370,840
Net increase (decrease) in contract owners’ equity resulting from operations	$		3,844,380		14,866,437		11,550,823		(802,485	)	(32,584	)	1,908,537		295,130		(23,014,145	)
Investment activity:			ACVPVal2		ACVPVista1		ACVPVista2		BBTCapMgr		BBTLgCap		BBTLgCapGr		BBTMdCapGr		CSTGlobSmCp
Reinvested dividends	$		124,212		–		–		56,102		111,280		2,209		45		–
Mortality and expense risk charges (note 2)			(155,845	)	(174,389	)	(1,970	)	(29,895	)	(73,507	)	(2,657	)	(47,062	)	(29,478	)
Net investment income (loss)			(31,633	)	(174,389	)	(1,970	)	26,207		37,773		(448	)	(47,017	)	(29,478	)
Proceeds from mutual fund shares sold			1,290,557		31,839,115		8,646		273,327		1,026,359		1,666,820		402,279		546,328
Cost of mutual fund shares sold			(937,828	)	(29,917,439	)	(6,520	)	(179,089	)	(607,855	)	(1,598,792	)	(221,455	)	(340,293	)
Realized gain (loss) on investments			352,729		1,921,676		2,126		94,238		418,504		68,028		180,824		206,035
Change in unrealized gain (loss) on investments			(1,577,676	)	2,241,451		31,435		(325,702	)	(1,477,545	)	(350,529	)	483,689		(293,526	)
Net gain (loss) on investments			(1,224,947	)	4,163,127		33,561		(231,464	)	(1,059,041	)	(282,501	)	664,513		(87,491	)
Reinvested capital gains			709,770		–		–		223,785		630,056		319,189		362,469		–
Net increase (decrease) in contract owners’ equity resulting from operations		$	(546,810	)	3,988,738		31,591		18,528		(391,212	)	36,240		979,965		(116,969	)

(Continued)

12

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		CSTIntFoc		CSTLCapV		DryIPELead		DryIPSmCap		DryStkIx		DryVApp		DryVAppS		DryVDevLd
Reinvested dividends	$	77,899		140,014		–		210,592		13,198,226		1,888,544		50,439		3,590
Mortality and expense risk charges (note 2)		(76,092	)	(119,285	)	(7,631	)	(629,847	)	(9,159,825	)	(1,348,114	)	(68,068	)	(7,799	)
Net investment income (loss)		1,807		20,729		(7,631	)	(419,255	)	4,038,401		540,430		(17,629	)	(4,209	)
Proceeds from mutual fund shares sold		2,221,196		5,307,598		1,393,564		20,164,214		214,185,860		37,317,647		744,466		15,949
Cost of mutual fund shares sold		(1,260,179	)	(3,556,755	)	(1,519,203	)	(16,811,860	)	(184,982,426	)	(25,543,281	)	(486,279	)	(11,954	)
Realized gain (loss) on investments		961,017		1,750,843		(125,639	)	3,352,354		29,203,434		11,774,366		258,187		3,995
Change in unrealized gain (loss) on investments		152,569		(3,638,075	)	(36,668	)	(5,558,515	)	1,988,057		(5,533,266	)	(71,823	)	(127,018	)
Net gain (loss) on investments		1,113,586		(1,887,232	)	(162,307	)	(2,206,161	)	31,191,491		6,241,100		186,364		(123,023	)
Reinvested capital gains		–		2,077,602		177,599		2,261,700		–		–		–		62,765
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,115,393		211,099		7,661		(363,716	)	35,229,892		6,781,530		168,735		(64,467	)
Investment activity:		DryVIntVal		FedAmLeadS		FedCapApS		FedHiIncS		FedMrkOp		FedQualBd		FedQualBdS		FidVIPEIS
Reinvested dividends	$	7,955		7,432		6,201		388,728		17,632		12,343,789		414,452		11,504,620
Mortality and expense risk charges (note 2)		(6,861	)	(11,342	)	(20,974	)	(95,907	)	(17,327	)	(3,148,301	)	(162,764	)	(8,950,289	)
Net investment income (loss)		1,094		(3,910	)	(14,773	)	292,821		305		9,195,488		251,688		2,554,331
Proceeds from mutual fund shares sold		29,375		98,876		182,878		2,112,265		1,866,299		51,470,144		1,595,634		189,416,615
Cost of mutual fund shares sold		(14,322	)	(81,569	)	(107,484	)	(2,176,787	)	(1,889,391	)	(51,846,703	)	(1,663,971	)	(152,967,975	)
Realized gain (loss) on investments		15,053		17,307		75,394		(64,522	)	(23,092	)	(376,559	)	(68,337	)	36,448,640
Change in unrealized gain (loss) on investments		(66,734	)	(147,651	)	23,990		(175,369	)	(24,072	)	1,071,128		96,063		(84,991,989	)
Net gain (loss) on investments		(51,681	)	(130,344	)	99,384		(239,891	)	(47,164	)	694,569		27,726		(48,543,349	)
Reinvested capital gains		63,897		66,416		–		–		–		–		–		54,024,702
Net increase (decrease) in contract owners’ equity resulting from operations	$	13,310		(67,838	)	84,611		52,930		(46,859	)	9,890,057		279,414		8,035,684

(Continued)

13

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		FidVIPEIS2		FidVIPGrS		FidVIPGrS2		FidVIPHIS		FidVIPHISR		FidVIPOvS		FidVIPOvS2R		FidVIPOvSR
Reinvested dividends	$	258,488		2,741,785		22,681		9,738,373		2,634,746		1,778,961		328,108		3,255,399
Mortality and expense risk charges (note 2)		(311,569	)	(4,970,508	)	(104,483	)	(1,903,325	)	(214,015	)	(647,532	)	(207,203	)	(1,262,543	)
Net investment income (loss)		(53,081	)	(2,228,723	)	(81,802	)	7,835,048		2,420,731		1,131,429		120,905		1,992,856
Proceeds from mutual fund shares sold		2,997,718		116,034,049		1,563,553		123,747,307		30,180,987		17,254,000		1,693,787		32,354,043
Cost of mutual fund shares sold		(1,842,289	)	(98,762,479	)	(907,568	)	(121,236,534	)	(30,809,503	)	(9,892,288	)	(698,813	)	(17,696,677	)
Realized gain (loss) on investments		1,155,429		17,271,570		655,985		2,510,773		(628,516	)	7,361,712		994,974		14,657,366
Change in unrealized gain (loss) on investments		(2,386,753	)	80,606,095		629,579		(6,673,122	)	(2,270,710	)	(3,942,677	)	(319,905	)	(8,463,553	)
Net gain (loss) on investments		(1,231,324	)	97,877,665		1,285,564		(4,162,349	)	(2,899,226	)	3,419,035		675,069		6,193,813
Reinvested capital gains		1,302,143		350,443		3,684		–		–		4,126,563		727,488		7,225,936
Net increase (decrease) in contract owners’ equity resulting from operations	$	17,738		95,999,385		1,207,446		3,672,699		(478,495	)	8,677,027		1,523,462		15,412,605
Investment activity:		FidVIPConS		FidVIPConS2		FidVIPIGBdS		FidVIPGrOpS		FidVIPMCapS		FidVIPMCapS2		FidVIPVaIS		FidVIPVaIS2
Reinvested dividends	$	6,626,704		148,827		2,573,535		–		256,239		76,323		327,803		17,147
Mortality and expense risk charges (note 2)		(10,037,442	)	(368,333	)	(813,105	)	(640,795	)	(471,104	)	(287,811	)	(509,506	)	(54,867	)
Net investment income (loss)		(3,410,738	)	(219,506	)	1,760,430		(640,795	)	(214,865	)	(211,488	)	(181,703	)	(37,720	)
Proceeds from mutual fund shares sold		193,361,864		2,402,558		17,811,934		19,192,049		8,091,065		1,962,383		27,370,339		446,487
Cost of mutual fund shares sold		(137,723,652	)	(1,242,047	)	(18,456,167	)	(16,312,819	)	(7,350,749	)	(954,024	)	(27,456,364	)	(402,000	)
Realized gain (loss) on investments.		55,638,212		1,160,511		(644,233	)	2,879,230		740,316		1,008,359		(86,025	)	44,487
Change in unrealized gain (loss) on investments		(123,508,728	)	(3,215,038	)	723,507		9,243,801		1,503,027		(278,986	)	(2,394,451	)	(210,336	)
Net gain (loss) on investments		(67,870,516	)	(2,054,527	)	79,274		12,123,031		2,243,343		729,373		(2,480,476	)	(165,849	)
Reinvested capital gains		198,370,523		5,088,027		–		–		2,557,199		1,380,394		4,362,170		312,066
Net increase (decrease) in contract owners’ equity resulting from operations	$	127,089,269		2,813,994		1,839,704		11,482,236		4,585,677		1,898,279		1,699,991		108,497

(Continued)

14

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		FidVIPEnergyS2		FidVIPFree10S		FidVIPFree10S2		FidVIPFree20S		FidVIPFree20S2		FidVIPFree30S		FidVIPFree30S2		FrVIPDevMrk3
Reinvested dividends	$	40,311		190,472		759		131,744		832		70,314		7,039		260,086
Mortality and expense risk charges (note 2)		(326,358	)	(68,302	)	(452	)	(48,751	)	(778	)	(25,130	)	(4,635	)	(176,633	)
Net investment income (loss)		(286,047	)	122,170		307		82,993		54		45,184		2,404		83,453
Proceeds from mutual fund shares sold		8,481,328		2,855,402		5,948		1,301,678		4,715		421,735		30,203		9,157,657
Cost of mutual fund shares sold		(8,243,857	)	(2,631,106	)	(5,259	)	(1,146,090	)	(4,205	)	(372,378	)	(26,334	)	(8,095,763	)
Realized gain (loss) on investments		237,471		224,296		689		155,588		510		49,357		3,869		1,061,894
Change in unrealized gain (loss) on investments		7,529,881		(163,826	)	555		(116,743	)	1,011		(62,754	)	(3,817	)	1,028,517
Net gain (loss) on investments		7,767,352		60,470		1,244		38,845		1,521		(13,397	)	52		2,090,411
Reinvested capital gains		1,805,107		171,937		947		167,824		1,338		111,626		12,384		859,693
Net increase (decrease) in contract owners’ equity resulting from operations	$	9,286,412		354,577		2,498		289,662		2,913		143,413		14,840		3,033,557
Investment activity:		FrVIPForSec2		FrVIPForSec3		FrVIPGlInc3		FrVIPIncSec2		FrVIPRisDiv2		FrVIPSCapV2		JAspBal		JAspForty
Reinvested dividends	$	1,962		249,191		555,216		2,131,437		29,822		139,135		723		370,256
Mortality and expense risk charges (note 2)		(1,297	)	(136,087	)	(267,307	)	(709,867	)	(19,612	)	(235,554	)	(464	)	(2,624,480	)
Net investment income (loss)		665		113,104		287,909		1,421,570		10,210		(96,419	)	259		(2,254,224	)
Proceeds from mutual fund shares sold		17,660		1,461,383		4,458,670		19,564,477		256,950		9,176,235		21,982		83,181,839
Cost of mutual fund shares sold		(11,237	)	(1,263,825	)	(4,036,641	)	(17,896,327	)	(205,959	)	(8,713,533	)	(17,893	)	(43,648,332	)
Realized gain (loss) on investments		6,423		197,558		422,029		1,668,150		50,991		462,702		4,089		39,533,507
Change in unrealized gain (loss) on investments		1,933		570,989		1,282,486		(2,690,240	)	(125,339	)	(3,056,983	)	(1,188	)	28,781,149
Net gain (loss) on investments		8,356		768,547		1,704,515		(1,022,090	)	(74,348	)	(2,594,281	)	2,901		68,314,656
Reinvested capital gains		4,475		540,392		–		395,282		18,291		1,430,708		–		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	13,496		1,422,043		1,992,424		794,762		(45,847	)	(1,259,992	)	3,160		66,060,432

(Continued)

15

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		JAspGlTechS2		JAspGlTechS		JAspRMgCore		JAspIntGroS2		JAspIntGroS		JPM2MdCap		LBTShrtDBd		MFSInvGrStS
Reinvested dividends	$	60,633		111,192		15,441		738,406		696,906		343,135		1,485,143		230
Mortality and expense risk charges (note 2)		(241,763	)	(447,859	)	(43,140	)	(2,030,769	)	(1,902,977	)	(443,036	)	(651,068	)	(3,509	)
Net investment income (loss)		(181,130	)	(336,667	)	(27,699	)	(1,292,363	)	(1,206,071	)	(99,901	)	834,075		(3,279	)
Proceeds from mutual fund shares sold		6,164,793		13,224,361		1,435,776		41,669,018		51,445,362		15,525,728		22,074,792		42,847
Cost of mutual fund shares sold		(3,515,779	)	(11,188,299	)	(1,427,729	)	(12,531,307	)	(20,045,875	)	(12,616,956	)	(21,925,515	)	(33,009	)
Realized gain (loss) on investments		2,649,014		2,036,062		8,047		29,137,711		31,399,487		2,908,772		149,277		9,838
Change in unrealized gain (loss) on investments		1,128,863		5,458,414		135,140		10,672,374		8,405,584		(3,597,345	)	877,204		18,733
Net gain (loss) on investments		3,777,877		7,494,476		143,187		39,810,085		39,805,071		(688,573	)	1,026,481		28,571
Reinvested capital gains		–		–		32,196		–		–		1,730,987		–		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	3,596,747		7,157,809		147,684		38,517,722		38,599,000		942,513		1,860,556		25,292
Investment activity:		MFSMidCapGrS		MFSNewDiscS		MFSValueS		NVITAstAll2		NVITBnd2		NVITGlobGr2		NVITGroInc2		NVITGrowth2
Reinvested dividends	$	–		–		331,144		882,430		2,407,233		679,209		70,982		186,346
Mortality and expense risk charges (note 2)		(58,305	)	(27,898	)	(527,389	)	(450,070	)	(359,688	)	(306,365	)	(21,477	)	(381,497	)
Net investment income (loss)		(58,305	)	(27,898	)	(196,245	)	432,360		2,047,545		372,844		49,505		(195,151	)
Proceeds from mutual fund shares sold		609,451		432,324		7,507,172		5,814,982		9,948,430		6,272,667		1,239,697		5,676,346
Cost of mutual fund shares sold		(365,114	)	(287,048	)	(6,084,358	)	(5,065,041	)	(9,751,722	)	(5,135,009	)	(1,258,777	)	(4,846,251	)
Realized gain (loss) on investments		244,337		145,276		1,422,814		749,941		196,708		1,137,658		(19,080	)	830,095
Change in unrealized gain (loss) on investments		(64,283	)	(212,777	)	257,937		(36,834	)	(1,750,119	)	1,367,005		(262,412	)	1,970,600
Net gain (loss) on investments		180,054		(67,501	)	1,680,751		713,107		(1,553,411	)	2,504,663		(281,492	)	2,800,695
Reinvested capital gains.		120,578		108,508		664,222		20,716		–		–		–		9,101
Net increase (decrease) in contract owners’ equity resulting from operations	$	242,327		13,109		2,148,728		1,166,183		494,134		2,877,507		(231,987	)	2,614,645

(Continued)

16

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		NVITFHiInc		NVITFHiInc3		NVITEmMrkts		NVITEmMrkts3		NVITEmMrkts6		NVITGlUtl		NVITGlUtl3		NVITIntGro
Reinvested dividends	$	5,944,043		3,569,539		34,980		899,293		12,056		1,954		829,762		6,458
Mortality and expense risk charges (note 2)		(995,582	)	(659,354	)	(59,882	)	(1,525,582	)	(35,694	)	(1,009	)	(435,108	)	(19,527	)
Net investment income (loss)		4,948,461		2,910,185		(24,902	)	(626,289	)	(23,638	)	945		394,654		(13,069	)
Proceeds from mutual fund shares sold		28,227,909		45,535,292		1,575,876		45,885,359		329,727		10,097		20,641,041		454,262
Cost of mutual fund shares sold		(28,143,129	)	(44,832,517	)	(692,287	)	(30,155,422	)	(203,809	)	(6,559	)	(16,951,063	)	(252,432	)
Realized gain (loss) on investments		84,780		702,775		883,589		15,729,937		125,918		3,538		3,689,978		201,830
Change in unrealized gain (loss) on investments		(3,186,672	)	(2,493,547	)	450,855		16,119,031		383,323		(5,576	)	(4,768,299	)	53,521
Net gain (loss) on investments		(3,101,892	)	(1,790,772	)	1,334,444		31,848,968		509,241		(2,038	)	(1,078,321	)	255,351
Reinvested capital gains		–		–		541,784		13,372,601		200,259		15,057		6,370,089		131,528
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,846,569		1,119,413		1,851,326		44,595,280		685,862		13,964		5,686,422		373,810
Investment activity:		NVITIntGro3		NVITWLead		NVITWLead3		NVITGlFin		NVITGlFin3		NVITGlHlth		NVITGlHlth3		NVITGlTech
Reinvested dividends	$	246,841		77,497		90,552		850		313,532		79		15,861		–
Mortality and expense risk charges (note 2)		(699,164	)	(224,812	)	(255,045	)	(356	)	(135,437	)	(1,280	)	(300,895	)	(22,752	)
Net investment income (loss)		(452,323)		(147,315)		(164,493)		494		178,095		(1,201)		(285,034)		(22,752)
Proceeds from mutual fund shares sold		12,765,278		6,082,244		14,008,311		8,644		8,142,971		8,970		10,243,919		524,882
Cost of mutual fund shares sold		(8,180,642)		(2,346,024)		(9,096,501)		(7,435)		(8,184,163)		(8,287)		(9,445,711)		(429,460)
Realized gain (loss) on investments		4,584,636		3,736,220		4,911,810		1,209		(41,192	)	683		798,208		95,422
Change in unrealized gain (loss) on investments		3,640,331		(130,923	)	(1,154,698	)	(5,539	)	(1,585,437	)	9,708		1,522,666		261,196
Net gain (loss) on investments		8,224,967		3,605,297		3,757,112		(4,330)		(1,626,629)		10,391		2,320,874		356,618
Reinvested capital gains		4,775,572		–		–		3,540		1,298,784		1,990		485,018		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	12,548,216		3,457,982		3,592,619		(296	)	(149,750	)	11,180		2,520,858		333,866

(Continued)

17

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		NVITGlTech3		NVITGvtBd		NVITGvtBd2		NVITGrowth		NVITIntIdx8		NVITIntVal2		NVITIntVal3		NVITIntVal6
Reinvested dividends	$	–		20,319,500		594,198		104,372		41,629		83		1,585,730		46,323
Mortality and expense risk charges (note 2)		(175,925	)	(5,524,773	)	(263,455	)	(665,129	)	(31,081	)	(63	)	(924,341	)	(40,223	)
Net investment income (loss)		(175,925	)	14,794,727		330,743		(560,757	)	10,548		20		661,389		6,100
Proceeds from mutual fund shares sold		9,470,084		121,011,040		2,265,886		22,010,201		886,521		453		28,925,934		529,058
Cost of mutual fund shares sold		(7,310,008	)	(130,163,577	)	(2,435,703	)	(12,872,657	)	(779,318	)	(338	)	(23,681,186	)	(444,543	)
Realized gain (loss) on investments		2,160,076		(9,152,537	)	(169,817	)	9,137,544		107,203		115		5,244,748		84,515
Change in unrealized gain (loss) on investments		371,664		20,496,127		518,902		1,412,357		(92,487	)	(396	)	(9,243,878	)	(222,087	)
Net gain (loss) on investments		2,531,740		11,343,590		349,085		10,549,901		14,716		(281	)	(3,999,130	)	(137,572	)
Reinvested capital gains		–		–		–		–		5,820		339		5,392,480		160,032
Net increase (decrease) in contract owners’ equity resulting from operations	$	2,355,815		26,138,317		679,828		9,989,144		31,084		78		2,054,739		28,560
Investment activity:		NVITIDAgg2		NVITIDCon2		NVITIDMod2		NVITIDModAg2		NVITIDModCon2		NVITJPBal		NVITMdCpGr		NVITMidCap
Reinvested dividends	$	1,718,679		3,135,626		12,672,728		6,366,234		5,050,854		2,541,707		–		3,671,865
Mortality and expense risk charges (note 2)		(1,190,000	)	(1,189,483	)	(6,383,841	)	(3,856,632	)	(2,223,945	)	(1,414,078	)	(947,323	)	(3,338,246	)
Net investment income (loss)		528,679		1,946,143		6,288,887		2,509,602		2,826,909		1,127,629		(947,323	)	333,619
Proceeds from mutual fund shares sold		22,383,076		32,732,018		81,151,252		67,191,524		35,370,284		30,059,569		20,485,511		85,411,836
Cost of mutual fund shares sold		(17,150,488	)	(32,019,165	)	(58,183,044	)	(44,530,331	)	(30,119,025	)	(26,397,223	)	(12,743,381	)	(48,363,254	)
Realized gain (loss) on investments		5,232,588		712,853		22,968,208		22,661,193		5,251,259		3,662,346		7,742,130		37,048,582
Change in unrealized gain (loss) on investments		(4,384,138	)	(1,154,118	)	(16,201,475	)	(16,765,734	)	(4,965,806	)	(3,740,415	)	(642,339	)	(26,131,509	)
Net gain (loss) on investments		848,450		(441,265	)	6,766,733		5,895,459		285,453		(78,069	)	7,099,791		10,917,073
Reinvested capital gains		2,869,673		2,137,385		7,526,584		5,502,011		4,415,215		3,289,990		–		7,824,153
Net increase (decrease) in contract owners’ equity resulting from operations	$	4,246,802		3,642,263		20,582,204		13,907,072		7,527,577		4,339,550		6,152,468		19,074,845

(Continued)

18

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		NVITMyMkt		NVITSmCapGr		NVITSmCapGr2		NVITSmCapVal		NVITSmCapVal2		NVITSmComp		NVITSmComp2		NVITNWFund
Reinvested dividends	$	27,296,691		–		–		3,397,934		28,943		244,440		–		3,271,926
Mortality and expense risk charges (note 2)		(7,022,313	)	(898,552	)	(23,927	)	(3,839,420	)	(56,295	)	(3,529,666	)	(99,773	)	(3,538,558	)
Net investment income (loss)		20,274,378		(898,552	)	(23,927	)	(441,486	)	(27,352	)	(3,285,226	)	(99,773	)	(266,632	)
Proceeds from mutual fund shares sold		428,979,427		33,391,212		320,872		97,877,658		829,444		88,008,730		887,703		87,284,544
Cost of mutual fund shares sold		(428,979,427	)	(25,229,216	)	(201,112	)	(69,507,409	)	(568,741	)	(56,062,922	)	(557,103	)	(73,967,615	)
Realized gain (loss) on investments		–		8,161,996		119,760		28,370,249		260,703		31,945,808		330,600		13,316,929
Change in unrealized gain (loss) on investments		–		(1,015,805	)	(3,967	)	(86,190,696	)	(886,443	)	(62,880,047	)	(940,028	)	(5,224,104	)
Net gain (loss) on investments		–		7,146,191		115,793		(57,820,447	)	(625,740	)	(30,934,239	)	(609,428	)	8,092,825
Reinvested capital gains		–		–		–		36,827,953		393,171		39,992,698		732,961		15,331,331
Net increase (decrease) in contract owners’ equity resulting from operations	$	20,274,378		6,247,639		91,866		(21,433,980	)	(259,921	)	5,773,233		23,760		23,157,524
Investment activity:		NVITNWFund2		NVITNWLead		NVITNWLead3		NVITUSGro		NVITUSGro3		NVITVKVal		NVITMltSec		NBTAFasc
Reinvested dividends	$	14,542		43		179,908		–		–		1,439,494		5,616,923		–
Mortality and expense risk charges (note 2)		(36,164	)	(51	)	(229,794	)	(5,678	)	(250,759	)	(1,056,973	)	(1,740,950	)	(33,510	)
Net investment income (loss)		(21,622	)	(8	)	(49,886	)	(5,678	)	(250,759	)	382,521		3,875,973		(33,510	)
Proceeds from mutual fund shares sold		928,885		452		12,301,019		154,664		10,126,092		24,083,791		37,989,275		2,608,414
Cost of mutual fund shares sold		(535,135	)	(385	)	(12,021,844	)	(147,718	)	(9,520,241	)	(18,364,568	)	(35,348,820	)	(2,417,657	)
Realized gain (loss) on investments		393,750		67		279,175		6,946		605,851		5,719,223		2,640,455		190,757
Change in unrealized gain (loss) on investments		(327,029	)	(259	)	(1,006,313	)	71,502		3,420,371		(11,385,657	)	(1,824,280	)	(275,464	)
Net gain (loss) on investments		66,721		(192	)	(727,138	)	78,448		4,026,222		(5,666,434	)	816,175		(84,707	)
Reinvested capital gains		80,403		587		2,477,702		–		–		3,329,273		7,186		25,520
Net increase (decrease) in contract owners’ equity resulting from operations	$	125,502		387		1,700,678		72,770		3,775,463		(1,954,640	)	4,699,334		(92,697	)

(Continued)

19

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		NBTAGuard		NBTAInt		NBTAMCGr		NBTAPart		NBTARegS		NBTSocRes		OppCapApS		OppCapAp
Reinvested dividends	$	232,876		215,386		–		863,880		24,827		15,784		638		820,882
Mortality and expense risk charges (note 2)		(1,068,330	)	(137,364	)	(2,041,586	)	(1,694,204	)	(73,573	)	(198,840	)	(119,064	)	(4,141,732	)
Net investment income (loss)		(835,454	)	78,022		(2,041,586	)	(830,324	)	(48,746	)	(183,056	)	(118,426	)	(3,320,850	)
Proceeds from mutual fund shares sold		23,275,934		3,401,456		55,356,492		53,151,906		6,274,978		3,659,133		948,458		91,920,944
Cost of mutual fund shares sold		(12,198,192	)	(2,801,914	)	(26,301,436	)	(34,214,574	)	(5,707,744	)	(3,127,787	)	(584,878	)	(68,625,808	)
Realized gain (loss) on investments		11,077,742		599,542		29,055,056		18,937,332		567,234		531,346		363,580		23,295,136
Change in unrealized gain (loss) on investments		(4,644,578	)	(1,537,487	)	6,324,263		(20,218,940	)	(696,613	)	483,657		469,333		22,322,044
Net gain (loss) on investments		6,433,164		(937,945	)	35,379,319		(1,281,608	)	(129,379	)	1,015,003		832,913		45,617,180
Reinvested capital gains		–		768,457		–		13,518,440		161,041		59,366		–		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	5,597,710		(91,466	)	33,337,733		11,406,508		(17,084	)	891,313		714,487		42,296,330
Investment activity:		OppGlSec3		OppGlSec		OppGlSecS		OppHighInc3		OppHighInc		OppHighIncS		OppMStSCap		OppMStSCapS
Reinvested dividends	$	3,106,295		2,404,060		79,567		–		181,247		14,398		28,614		344
Mortality and expense risk charges (note 2)		(2,766,654	)	(2,158,558	)	(127,210	)	(12,462	)	(28,475	)	(2,098	)	(131,807	)	(2,677	)
Net investment income (loss)		339,641		245,502		(47,643	)	(12,462	)	152,772		12,300		(103,193	)	(2,333	)
Proceeds from mutual fund shares sold		50,074,820		38,682,862		916,737		767,241		3,248,360		89,794		5,145,459		24,736
Cost of mutual fund shares sold		(28,247,333	)	(17,610,670	)	(437,181	)	(787,947	)	(3,238,007	)	(95,112	)	(4,580,460	)	(17,624	)
Realized gain (loss) on investments		21,827,487		21,072,192		479,556		(20,706	)	10,353		(5,318	)	564,999		7,112
Change in unrealized gain (loss) on investments		(21,611,082	)	(20,856,397	)	(482,044	)	(37,536	)	(147,534	)	(10,954	)	(1,360,991	)	(16,502	)
Net gain (loss) on investments		216,405		215,795		(2,488	)	(58,242	)	(137,181	)	(16,272	)	(795,992	)	(9,390	)
Reinvested capital gains		11,309,263		8,738,887		332,750		–		–		–		305,134		7,442
Net increase (decrease) in contract owners’ equity resulting from operations	$	11,865,309		9,200,184		282,619		(70,704	)	15,591		(3,972	)	(594,051	)	(4,281	)

(Continued)

20

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		OppMSt		OppMStS		OppMidCap		OppStratBdS		PVITRealRet		PVITTotRet		PVTGroInc		RCFMicroCap
Reinvested dividends	$	3,251,506		75,280		–		200,445		30,772		16,757		412		6,882
Mortality and expense risk charges (note 2)		(3,755,815	)	(162,095	)	(1,870,510	)	(108,796	)	(6,939	)	(3,720	)	(411	)	(3,785	)
Net investment income (loss)		(504,309	)	(86,815	)	(1,870,510	)	91,649		23,833		13,037		1		3,097
Proceeds from mutual fund shares sold		76,644,369		1,194,789		47,327,429		804,064		771,041		185,690		8,660		73,463
Cost of mutual fund shares sold		(58,940,953	)	(740,966	)	(28,045,452	)	(691,935	)	(777,067	)	(183,379	)	(6,671	)	(66,309	)
Realized gain (loss) on investments		17,703,416		453,823		19,281,977		112,129		(6,026	)	2,311		1,989		7,154
Change in unrealized gain (loss) on investments		(5,699,597	)	(152,918	)	(8,471,023	)	241,735		37,674		13,637		(8,685	)	(53,353	)
Net gain (loss) on investments		12,003,819		300,905		10,810,954		353,864		31,648		15,948		(6,696	)	(46,199	)
Reinvested capital gains		–		–		–		–		1,346		–		4,735		39,215
Net increase (decrease) in contract owners’ equity resulting from operations	$	11,499,510		214,090		8,940,444		445,513		56,827		28,985		(1,960	)	(3,887	)
Investment activity:		SBLGlob		SBLMidCapGr		SBLAsAlloc		SBLEqInc		SBLHighYld		SBLSmCapVal		SBLMidCapVal		SBLSmCapGr
Reinvested dividends	$	–		–		–		–		–		–		–		–
Mortality and expense risk charges (note 2)		(1,810	)	(669	)	(1,565	)	(2,820	)	(5,333	)	(4,387	)	(11,825	)	(14	)
Net investment income (loss)		(1,810	)	(669	)	(1,565	)	(2,820	)	(5,333	)	(4,387	)	(11,825	)	(14	)
Proceeds from mutual fund shares sold		51,497		34,994		68,183		109,552		431,387		24,259		269,236		958
Cost of mutual fund shares sold		(41,641	)	(33,723	)	(62,426	)	(91,514	)	(395,825	)	(19,779	)	(239,367	)	(799	)
Realized gain (loss) on investments		9,856		1,271		5,757		18,038		35,562		4,480		29,869		159
Change in unrealized gain (loss) on investments		3,230		(8,246	)	(4,569	)	(13,238	)	(23,113	)	16,405		(67,141	)	(60	)
Net gain (loss) on investments		13,086		(6,975	)	1,188		4,800		12,449		20,885		(37,272	)	99
Reinvested capital gains		–		–		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	11,276		(7,644	)	(377	)	1,980		7,116		16,498		(49,097	)	85

(Continued)

21

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		SBLSel25		TRoeBlChip2		TRowEqInc2		TRowLtdTBd2		DrySRGro		DrySRGroS		VEWrldEMktR1		VEWrldEMkt
Reinvested dividends	$	–		19,234		346,557		206,531		490,020		601		180,897		205,021
Mortality and expense risk charges (note 2)		(71	)	(217,416	)	(272,445	)	(62,720	)	(1,001,008	)	(3,841	)	(499,832	)	(494,246	)
Net investment income (loss)		(71	)	(198,182	)	74,112		143,811		(510,988	)	(3,240	)	(318,935	)	(289,225	)
Proceeds from mutual fund shares sold		7,717		6,796,145		6,629,700		2,073,212		23,979,881		38,767		18,709,781		15,872,259
Cost of mutual fund shares sold		(6,904	)	(5,636,221	)	(5,804,946	)	(2,045,929	)	(21,351,074	)	(30,444	)	(13,954,961	)	(7,503,155	)
Realized gain (loss) on investments		813		1,159,924		824,754		27,283		2,628,807		8,323		4,754,820		8,369,104
Change in unrealized gain (loss) on investments		(1,017	)	1,060,069		(2,124,100	)	37,028		3,695,392		6,409		1,073,929		(2,732,347	)
Net gain (loss) on investments		(204	)	2,219,993		(1,299,346	)	64,311		6,324,199		14,732		5,828,749		5,636,757
Reinvested capital gains		–		–		1,402,463		–		–		–		7,145,439		8,098,344
Net increase (decrease) in contract owners’ equity resulting from operations	$	(275	)	2,021,811		177,229		208,122		5,813,211		11,492		12,655,253		13,445,876
Investment activity:		VEWrldHAsR1		VEWrldHAs		VKLCom2		VKLStratGro2		VKUCorPlus		VKUCorPlus2		VKUEmMkt		VKUMCpGro
Reinvested dividends	$	58,615		38,403		310,470		–		325,671		38,314		1,787,009		–
Mortality and expense risk charges (note 2)		(610,827	)	(325,920	)	(359,301	)	(49,034	)	(99,170	)	(19,225	)	(303,798	)	(348,499	)
Net investment income (loss)		(552,212	)	(287,517	)	(48,831	)	(49,034	)	226,501		19,089		1,483,211		(348,499	)
Proceeds from mutual fund shares sold		19,822,063		10,084,706		3,061,451		556,611		2,241,177		203,601		8,513,668		14,783,366
Cost of mutual fund shares sold		(15,432,815	)	(4,606,111	)	(1,932,821	)	(340,484	)	(2,186,689	)	(203,783	)	(8,814,126	)	(10,850,430	)
Realized gain (loss) on investments		4,389,248		5,478,595		1,128,630		216,127		54,488		(182	)	(300,458	)	3,932,936
Change in unrealized gain (loss) on investments		8,692,406		1,678,174		(2,196,928	)	185,542		58,059		13,179		(665,909	)	193,931
Net gain (loss) on investments		13,081,654		7,156,769		(1,068,298	)	401,669		112,547		12,997		(966,367	)	4,126,867
Reinvested capital gains		5,718,183		3,746,441		430,843		–		–		–		763,543		1,274,971
Net increase (decrease) in contract owners’ equity resulting from operations	$	18,247,625		10,615,693		(686,286	)	352,635		339,048		32,086		1,280,387		5,053,339

(Continued)

22

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		VKUUSRE		VicDivrStk		WRAsStrat		WRBal		WRBond		WRCoreEq		WRDivInc		WREnergy
Reinvested dividends	$	3,525,077		98,342		1,888,699		1,322,028		4,693,115		1,566,881		358,021		32,568
Mortality and expense risk charges (note 2)		(4,005,902	)	(206,257	)	(3,638,883	)	(1,270,295	)	(1,374,936	)	(3,437,222	)	(493,193	)	(65,990	)
Net investment income (loss)		(480,825	)	(107,915	)	(1,750,184	)	51,733		3,318,179		(1,870,341	)	(135,172	)	(33,422	)
Proceeds from mutual fund shares sold		150,642,062		4,113,551		14,591,930		12,095,281		8,891,087		36,432,767		1,684,183		402,342
Cost of mutual fund shares sold		(76,787,425	)	(3,093,126	)	(9,332,664	)	(8,950,814	)	(9,094,335	)	(28,746,326	)	(1,096,268	)	(343,633	)
Realized gain (loss) on investments		73,854,637		1,020,425		5,259,266		3,144,467		(203,248	)	7,686,441		587,915		58,709
Change in unrealized gain (loss) on investments		(152,134,697	)	(826,978	)	83,813,774		8,076,334		1,758,736		2,167,297		4,510,087		2,095,711
Net gain (loss) on investments		(78,280,060	)	193,447		89,073,040		11,220,801		1,555,488		9,853,738		5,098,002		2,154,420
Reinvested capital gains		27,528,039		1,202,247		14,731,001		1,795		–		22,981,411		322,208		29,226
Net increase (decrease) in contract owners’ equity resulting from operations	$	(51,232,846	)	1,287,779		102,053,857		11,274,329		4,873,667		30,964,808		5,285,038		2,150,224
Investment activity:		WRGlNatRes		WRGrowth		WRHiInc		WRIntGro		WRIntVal		WRLTBond		WRMicCpGr		WRMidCpGr
Reinvested dividends	$	14,357		3,091		6,410,274		476,632		630,174		896,196		–		2,923
Mortality and expense risk charges (note 2)		(746,847	)	(3,619,875	)	(1,097,250	)	(1,076,133	)	(516,945	)	(275,698	)	(86,777	)	(192,725	)
Net investment income (loss)		(732,490	)	(3,616,784	)	5,313,024		(599,501	)	113,229		620,498		(86,777	)	(189,802	)
Proceeds from mutual fund shares sold		3,018,777		41,860,782		7,259,633		6,902,354		5,015,013		38,333,112		1,603,155		1,190,771
Cost of mutual fund shares sold		(1,768,791	)	(30,584,638	)	(7,060,667	)	(3,975,645	)	(3,599,229	)	(39,414,746	)	(1,069,711	)	(921,832	)
Realized gain (loss) on investments		1,249,986		11,276,144		198,966		2,926,709		1,415,784		(1,081,634	)	533,444		268,939
Change in unrealized gain (loss) on investments		14,000,634		45,858,613		(3,385,854	)	10,110,684		(1,937,952	)	1,110,733		(135,320	)	959,096
Net gain (loss) on investments		15,250,620		57,134,757		(3,186,888	)	13,037,393		(522,168	)	29,099		398,124		1,228,035
Reinvested capital gains		5,064,463		6,725,125		–		2,224,092		3,592,027		–		–		402,368
Net increase (decrease) in contract owners’ equity resulting from operations	$	19,582,593		60,243,098		2,126,136		14,661,984		3,183,088		649,597		311,347		1,440,601

(Continued)

23

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

Investment activity:		WRMMkt		WRMortSec		WRRealEstS		WRSciTech		WRSmCpGr		WRSmCpVal		WRValue		WFVOpp
Reinvested dividends	$	1,646,952		307,717		122,564		–		–		648		1,148,259		1,018,495
Mortality and expense risk charges (note 2)		(497,116	)	(122,308	)	(357,291	)	(1,703,395	)	(1,739,372	)	(177,147	)	(1,688,836	)	(2,145,509	)
Net investment income (loss)		1,149,836		185,409		(234,727	)	(1,703,395	)	(1,739,372	)	(176,499	)	(540,577	)	(1,127,014	)
Proceeds from mutual fund shares sold		17,010,586		1,739,052		7,451,909		14,158,713		19,236,052		2,630,606		17,988,142		44,331,180
Cost of mutual fund shares sold		(17,010,586	)	(1,772,946	)	(5,640,941	)	(8,182,262	)	(13,163,429	)	(2,690,353	)	(13,027,920	)	(34,266,284	)
Realized gain (loss) on investments		–		(33,894	)	1,810,968		5,976,451		6,072,623		(59,747	)	4,960,222		10,064,896
Change in unrealized gain (loss) on investments		–		34,819		(7,086,843	)	(3,045,846	)	(1,757,309	)	(1,042,471	)	(10,610,895	)	(22,749,873	)
Net gain (loss) on investments		–		925		(5,275,875	)	2,930,605		4,315,314		(1,102,218	)	(5,650,673	)	(12,684,977	)
Reinvested capital gains		–		–		864,218		25,247,198		12,468,603		574,769		7,415,435		23,867,522
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,149,836		186,334		(4,646,384	)	26,474,408		15,044,545		(703,948	)	1,224,185		10,055,531

See accompanying notes to financial statements.

24

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2007 and 2006

		Total				AIMBBal				AIMBValue2				AIMBlueCh
Investment activity:		2007		2006		2007		2006		2007		2006		2007	2006
Net investment income (loss)	$	69,006,581		73,745,372		9,673		4,658		(130,016	)	(145,234	)	–	(1,578	)
Realized gain (loss) on investments		961,343,862		526,212,018		49,145		6,786		1,640,721		393,132		–	68,701
Change in unrealized gain (loss) on investments		(513,187,435	)	642,457,172		(47,842	)	53,631		(2,009,263	)	307,272		–	(85,904	)
Reinvested capital gains		721,563,167		478,254,937		–		–		517,364		413,918		–	–
Net increase (decrease) in contract owners’ equity resulting from Operations		1,238,726,175		1,720,669,499		10,976		65,075		18,806		969,088		–	(18,781	)
Equity transactions:
Purchase payments received from contract owners (note 3)		395,145,800		425,785,056		8,701		4,040		245,091		263,575		–	9,168
Transfers between funds		–		–		(47,393	)	9,321		10,276		992,246		–	(450,043	)
Redemptions (note 3)		(2,791,617,541	)	(2,269,980,325	)	(137,619	)	(66,862	)	(1,448,681	)	(543,955	)	–	(13,601	)
Annuity benefits		(7,216,159	)	(5,952,411	)	–		–		(26,716	)	(20,640	)	–	–
Annual contract maintenance charges (note 2)		(324,947	)	(345,291	)	–		–		(17	)	(1	)	–	–
Contingent deferred sales charges (note 2)		(14,192,307	)	(20,516,578	)	(2,203	)	(1,345	)	(26,967	)	(5,733	)	–	(163	)
Adjustments to maintain reserves		(28,163	)	1,697,555		19		(31	)	(11,894	)	(1,615	)	–	(23	)
Net equity transactions		(2,418,233,317	)	(1,869,311,994	)	(178,495	)	(54,877	)	(1,258,908	)	683,877		–	(454,662	)
Net change in contract owners’ equity		(1,179,507,142	)	(148,642,495	)	(167,519	)	10,198		(1,240,102	)	1,652,965		–	(473,443	)
Contract owners’ equity beginning of period		15,205,517,008		15,354,159,503		759,789		749,591		10,067,605		8,414,640		–	473,443
Contract owners’ equity end of period	$	14,026,009,866		15,205,517,008		592,270		759,789		8,827,503		10,067,605		–	–
CHANGES IN UNITS:
Beginning units		1,008,973,627		1,135,301,491		67,132		72,175		788,633		723,691		–	49,836
Units purchased		338,899,951		258,346,988		795		1,789		242,220		159,039		–	928
Units redeemed		(473,121,278	)	(384,674,852	)	(15,995	)	(6,832	)	(341,647	)	(94,097	)	–	(50,764	)
Ending units		874,752,300		1,008,973,627		51,932		67,132		689,206		788,633		–	–

(Continued)

25

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		AIMCapAp				AIMCapAp2				AIMCapDev2				AIMCoreEq
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(2,319	)	(2,205	)	(31,664	)	(28,290	)	(64,839	)	(17,016	)	(1,498	)	(2,758	)
Realized gain (loss) on investments		15,770		6,846		352,150		192,198		376,429		62,675		17,878		13,422
Change in unrealized gain (loss) on investments		4,302		3,864		(163,703	)	(96,748	)	(608,369	)	70,252		21,571		43,720
Reinvested capital gains		–		–		–		–		353,722		48,671		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		17,753		8,505		156,783		67,160		56,943		164,582		37,951		54,384
Equity transactions:
Purchase payments received from contract owners (note 3)		8,683		17,205		128,418		25,841		131,910		85,956		26,897		1,266
Transfers between funds		10,090		(405	)	252,625		381,134		1,987,994		2,405,181		(140	)	428,034
Redemptions (note 3)		(34,332	)	(17,661	)	(280,971	)	(193,385	)	(861,091	)	(96,864	)	(41,931	)	(25,180	)
Annuity benefits		–		–		(6,240	)	(1,416	)	(12,749	)	(10,135	)	–		–
Annual contract maintenance charges (note 2)		–		–		(9	)	–		(37	)	(4	)	–		–
Contingent deferred sales charges (note 2)		(1,063	)	(578	)	(4,574	)	(1,345	)	(3,851	)	(2,611	)	(8	)	(347	)
Adjustments to maintain reserves		(43	)	1		2		(107	)	75		(934	)	(29	)	3
Net equity transactions		(16,665	)	(1,438	)	89,251		210,722		1,242,251		2,380,589		(15,211	)	403,776
Net change in contract owners’ equity		1,088		7,067		246,034		277,882		1,299,194		2,545,171		22,740		458,160
Contract owners’ equity beginning of period		189,293		182,226		1,808,977		1,531,095		2,913,329		368,158		605,844		147,684
Contract owners’ equity end of period	$	190,381		189,293		2,055,011		1,808,977		4,212,523		2,913,329		628,584		605,844
CHANGES IN UNITS:
Beginning units		16,225		16,471		157,478		135,164		240,855		17,863		46,417		13,069
Units purchased		1,600		1,582		120,159		74,963		973,099		293,021		1,888		36,428
Units redeemed		(3,032	)	(1,828	)	(115,767	)	(52,649	)	(869,723	)	(70,029	)	(3,187	)	(3,080	)
Ending units		14,793		16,225		161,870		157,478		344,231		240,855		45,118		46,417

(Continued)

26

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		AIMCoreEq2				AIMGlobHlth				AIMGlobRE				AIMLrgCpGr
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(17,825	)	(12,211	)	(641	)	(177	)	16,103		736		(5,712	)	(2,403	)
Realized gain (loss) on investments		43,117		1,516		543		17		12,780		1,046		9,124		1,875
Change in unrealized gain (loss) on investments		80,598		142,296		5,927		2,197		(105,430	)	9,252		58,209		46,849
Reinvested capital gains		–		–		–		–		46,053		3,632		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		105,890		131,601		5,829		2,037		(30,494	)	14,666		61,621		46,321
Equity transactions:
Purchase payments received from contract owners (note 3)		2,009		1,655		15,137		2,223		35,703		2,498		29,694		7,385
Transfers between funds		(65,862	)	1,780,145		7,426		43,693		456,882		97,087		54,096		416,309
Redemptions (note 3)		(211,234	)	(45,877	)	(1,896	)	(1,548	)	(72,204	)	(2,549	)	(58,160	)	(15,327	)
Annuity benefits		–		–		–		–		–		–		–		–
Annual contract maintenance charges (note 2)		–		–		(25	)	(6	)	(69	)	(5	)	–		–
Contingent deferred sales charges (note 2)		(1,725	)	(147	)	–		–		(587	)	–		(171	)	(262	)
Adjustments to maintain reserves		(129	)	(66	)	(8	)	2		(6,044	)	(43	)	4		(34	)
Net equity transactions		(276,941	)	1,735,710		20,634		44,364		413,681		96,988		25,463		408,071
Net change in contract owners’ equity		(171,051	)	1,867,311		26,463		46,401		383,187		111,654		87,084		454,392
Contract owners’ equity beginning of period		1,867,311		–		46,401		–		111,654		–		454,392		–
Contract owners’ equity end of period	$	1,696,260		1,867,311		72,864		46,401		494,841		111,654		541,476		454,392
CHANGES IN UNITS:
Beginning units		173,478		–		4,361		–		8,689		–		44,482		–
Units purchased		2,230		178,480		2,104		5,202		53,121		10,128		7,351		49,661
Units redeemed		(26,823	)	(5,002	)	(274	)	(841	)	(20,615	)	(1,439	)	(5,444	)	(5,179	)
Ending units		148,885		173,478		6,191		4,361		41,195		8,689		46,389		44,482

(Continued)

27

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		AIMPreEq			AIMPreEq2			AlVGrIncB				AlVLrgCpGrB
Investment activity:		2007	2006		2007	2006		2007		2006		2007		2006
Net investment income (loss)	$	–	2,634		–	1,972		(22,752	)	(25,802	)	(59,439	)	(64,190	)
Realized gain (loss) on investments		–	111,387		–	427,405		306,567		310,615		224,513		452,847
Change in unrealized gain (loss) on investments		–	(92,131	)	–	(346,393	)	(363,909	)	48,824		187,300		(484,779	)
Reinvested capital gains		–	–		–	–		194,260		218,749		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		–	21,890		–	82,984		114,166		552,386		352,374		(96,122	)
Equity transactions:
Purchase payments received from contract owners (note 3)		–	571		–	–		21,858		23,803		8,400		32,258
Transfers between funds		–	(439,064	)	–	(1,751,648	)	(612,926	)	(390,832	)	(330,579	)	(430,615	)
Redemptions (note 3)		–	(16,020	)	–	(68,429	)	(268,158	)	(341,071	)	(221,057	)	(210,602	)
Annuity benefits		–	–		–	–		–		–		–		–
Annual contract maintenance charges (note 2)		–	–		–	–		–		–		–		–
Contingent deferred sales charges (note 2)		–	(51	)	–	(515	)	(3,446	)	(2,538	)	(1,906	)	(4,142	)
Adjustments to maintain reserves		–	(11	)	–	(44	)	(1,382	)	(296	)	(96	)	(220	)
Net equity transactions		–	(454,575	)	–	(1,820,636	)	(864,054	)	(710,934	)	(545,238	)	(613,321	)
Net change in contract owners’ equity		–	(432,685	)	–	(1,737,652	)	(749,888	)	(158,548	)	(192,864	)	(709,443	)
Contract owners’ equity beginning of period		–	432,685		–	1,737,652		4,105,311		4,263,859		3,426,400		4,135,843
Contract owners’ equity end of period	$	–	–		–	–		3,355,423		4,105,311		3,233,536		3,426,400
CHANGES IN UNITS:
Beginning units		–	46,399		–	172,536		310,719		372,816		309,329		364,109
Units purchased		–	88		–	290		12,418		16,135		5,585		53,892
Units redeemed		–	(46,487	)	–	(172,826	)	(76,630	)	(78,232	)	(53,268	)	(108,672	)
Ending units		–	–		–	–		246,507		310,719		261,646		309,329

(Continued)

28

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		AlVSmMdCpB				ACVPIncGr				ACVPIncGr2				ACVPInflPro2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(64,001	)	(95,863	)	1,420,947		1,526,187		(9,761	)	(10,104	)	1,610,066		1,248,481
Realized gain (loss) on investments		777,119		335,267		16,516,780		10,040,064		304,934		503,255		(406,105	)	(478,258	)
Change in unrealized gain (loss) on investments		(1,049,780	)	28,442		(18,484,012	)	18,406,291		(357,821	)	55,061		2,640,419		(626,441	)
Reinvested capital gains		358,138		408,442		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		21,476		676,288		(546,285	)	29,972,542		(62,648	)	548,212		3,844,380		143,782
Equity transactions:
Purchase payments received from contract owners (note 3)		81,278		211,451		2,781,657		3,930,631		42,534		43,906		1,470,804		1,654,651
Transfers between funds		(435,016	)	(162,705	)	(13,558,504	)	(14,016,892	)	(189,631	)	(916,386	)	3,189,944		(10,026,103	)
Redemptions (note 3)		(977,617	)	(411,496	)	(37,768,191	)	(38,083,882	)	(345,540	)	(446,407	)	(7,126,153	)	(7,976,946	)
Annuity benefits		(2,267	)	(475	)	(54,214	)	(66,881	)	(449	)	(553	)	(105,876	)	(93,137	)
Annual contract maintenance charges (note 2)		–		–		(6,106	)	(7,301	)	–		–		(399	)	(491	)
Contingent deferred sales charges (note 2)		(20,047	)	(6,010	)	(120,484	)	(280,828	)	(6,191	)	(4,569	)	(25,066	)	(45,492	)
Adjustments to maintain reserves		592		(344	)	1,247		4,884		(603	)	(1,994	)	(4,920	)	7,124
Net equity transactions		(1,353,077	)	(369,579	)	(48,724,595	)	(48,520,269	)	(499,880	)	(1,326,003	)	(2,601,666	)	(16,480,394	)
Net change in contract owners’ equity		(1,331,601	)	306,709		(49,270,880	)	(18,547,727	)	(562,528	)	(777,791	)	1,242,714		(16,336,612	)
Contract owners’ equity beginning of period		6,048,952		5,742,243		204,721,121		223,268,848		4,054,673		4,832,464		52,356,993		68,693,605
Contract owners’ equity end of period	$	4,717,351		6,048,952		155,450,241		204,721,121		3,492,145		4,054,673		53,599,707		52,356,993
CHANGES IN UNITS:
Beginning units		386,718		411,436		12,795,441		16,105,305		300,974		410,337		4,707,380		6,256,324
Units purchased		23,414		33,709		1,578,485		1,003,013		12,489		7,485		2,021,986		1,535,566
Units redeemed		(109,126	)	(58,427	)	(4,584,943	)	(4,312,877	)	(48,001	)	(116,848	)	(2,297,922	)	(3,084,510	)
Ending units		301,006		386,718		9,788,983		12,795,441		265,462		300,974		4,431,444		4,707,380

(Continued)

29

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		ACVPInt				ACVPInt3				ACVPMdCpV				ACVPMdCpV2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(377,437	)	551,579		(374,333	)	326,704		(77,892	)	19,431		(2,684	)	(642	)
Realized gain (loss) on investments		12,599,245		7,064,246		8,738,200		5,732,632		540,182		107,672		19,751		1,276
Change in unrealized gain (loss) on investments		2,644,629		13,873,990		3,186,956		9,004,295		(1,405,711	)	310,701		(51,868	)	10,490
Reinvested capital gains		–		–		–		–		140,936		199,903		2,217		3,512
Net increase (decrease) in contract owners’ equity resulting from operations		14,866,437		21,489,815		11,550,823		15,063,631		(802,485	)	637,707		(32,584	)	14,636
Equity transactions:
Purchase payments received from contract owners (note 3)		413,357		398,145		1,699,054		2,466,511		675,795		131,830		269,753		57,139
Transfers between funds		(5,908,576	)	(6,984,646	)	(1,497,672	)	(3,730,516	)	7,281,059		7,528,491		109,069		–
Redemptions (note 3)		(23,413,266	)	(17,544,028	)	(12,077,479	)	(8,887,072	)	(2,183,440	)	(116,336	)	(20,335	)	(8,219	)
Annuity benefits		(24,185	)	(25,371	)	(2,197	)	(1,763	)	–		–		(25,157	)	(1,098	)
Annual contract maintenance charges (note 2)		(2,569	)	(2,698	)	(896	)	(1,220	)	(298	)	(28	)	–		–
Contingent deferred sales charges (note 2)		(47,296	)	(116,764	)	(58,094	)	(77,868	)	(12,065	)	(364	)	(677	)	–
Adjustments to maintain reserves		2,616		16,379		2,689		12,112		(42	)	306		350		9
Net equity transactions		(28,979,919	)	(24,258,983	)	(11,934,595	)	(10,219,816	)	5,761,009		7,543,899		333,003		47,831
Net change in contract owners’ equity		(14,113,482	)	(2,769,168	)	(383,772	)	4,843,815		4,958,524		8,181,606		300,419		62,467
Contract owners’ equity beginning of period		101,250,746		104,019,914		74,321,173		69,477,358		8,181,606		–		115,621		53,154
Contract owners’ equity end of period	$	87,137,264		101,250,746		73,937,401		74,321,173		13,140,130		8,181,606		416,040		115,621
CHANGES IN UNITS:
Beginning units		6,064,805		7,696,317		4,778,927		5,518,253		710,275		–		8,750		4,747
Units purchased		680,755		17,098		990,345		833,973		1,534,504		1,013,620		26,452		4,564
Units redeemed		(2,293,973	)	(1,648,610	)	(1,699,412	)	(1,573,299	)	(1,060,532	)	(303,345	)	(2,561	)	(561	)
Ending units		4,451,587		6,064,805		4,069,860		4,778,927		1,184,247		710,275		32,641		8,750

(Continued)

30

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		ACVPUltra				ACVPUltra2				ACVPVal				ACVPVal2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(138,028	)	(186,183	)	(31,674	)	(38,118	)	2,153,291		917,098		(31,633	)	(46,431	)
Realized gain (loss) on investments		396,143		919,395		168,623		319,436		34,159,717		9,594,716		352,729		586,226
Change in unrealized gain (loss) on investments		1,650,422		(1,537,533	)	158,181		(399,437	)	(99,697,993	)	23,597,928		(1,577,676	)	(23,610	)
Reinvested capital gains		–		–		–		–		40,370,840		44,359,944		709,770		739,532
Net increase (decrease) in contract owners’ equity resulting from operations		1,908,537		(804,321	)	295,130		(118,119	)	(23,014,145	)	78,469,686		(546,810	)	1,255,717
Equity transactions:
Purchase payments received from contract owners (note 3)		477,874		407,933		24		11,260		8,713,861		10,091,631		116,466		116,853
Transfers between funds		4,932,437		(7,246,980	)	(41,450	)	(800,632	)	(54,325,120	)	(14,170,009	)	(153,734	)	(911,941	)
Redemptions (note 3)		(1,963,103	)	(2,083,407	)	(328,100	)	(184,153	)	(79,379,249	)	(70,101,076	)	(801,363	)	(751,897	)
Annuity benefits		(14,327	)	(14,078	)	–		–		(133,655	)	(141,919	)	–		–
Annual contract maintenance charges (note 2)		(438	)	(484	)	–		–		(7,110	)	(7,879	)	–		–
Contingent deferred sales charges (note 2)		(19,141	)	(23,320	)	(5,868	)	(3,643	)	(476,095	)	(665,990	)	(12,426	)	(12,455	)
Adjustments to maintain reserves		(363	)	(399	)	(82	)	(252	)	(33,430	)	55,482		(154	)	(451	)
Net equity transactions		3,412,939		(8,960,735	)	(375,476	)	(977,420	)	(125,640,798	)	(74,939,760	)	(851,211	)	(1,559,891	)
Net change in contract owners’ equity		5,321,476		(9,765,056	)	(80,346	)	(1,095,539	)	(148,654,943	)	3,529,926		(1,398,021	)	(304,174	)
Contract owners’ equity beginning of period		12,212,810		21,977,866		1,888,473		2,984,012		514,074,138		510,544,212		8,726,674		9,030,848
Contract owners’ equity end of period	$	17,534,286		12,212,810		1,808,127		1,888,473		365,419,195		514,074,138		7,328,653		8,726,674
CHANGES IN UNITS:
Beginning units		1,154,945		1,997,032		188,556		281,896		24,152,492		28,163,939		597,711		718,655
Units purchased		861,933		429,844		17,917		13,831		3,443,763		3,676,423		29,771		58,372
Units redeemed		(615,185	)	(1,271,931	)	(54,062	)	(107,171	)	(9,299,017	)	(7,687,870	)	(87,620	)	(179,316	)
Ending units		1,401,693		1,154,945		152,411		188,556		18,297,238		24,152,492		539,862		597,711

(Continued)

31

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		ACVPVista1				ACVPVista2				BBTCapMgr				BBTLgCap
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(174,389	)	(2,559	)	(1,970	)	(311	)	26,207		(6,227	)	37,773		3,758
Realized gain (loss) on investments		1,921,676		(6,208	)	2,126		60		94,238		48,471		418,504		100,649
Change in unrealized gain (loss) on investments		2,241,451		30,150		31,435		956		(325,702	)	166,576		(1,477,545	)	654,268
Reinvested capital gains		–		–		–		52		223,785		64,751		630,056		–
Net increase (decrease) in contract owners’ equity resulting from operations		3,988,738		21,383		31,591		757		18,528		273,571		(391,212	)	758,675
Equity transactions:
Purchase payments received from contract owners (note 3)		280,469		29,878		351,617		2,250		71,816		66,700		38,330		79,616
Transfers between funds		29,178,951		441,855		67,507		–		(13	)	(11,647	)	1,472,929		(17,316	)
Redemptions (note 3)		(2,401,725	)	(27,573	)	(2,154	)	(230	)	(265,561	)	(134,522	)	(554,545	)	(255,001	)
Annuity benefits		–		–		(4,718	)	(1,110	)	–		–		–		–
Annual contract maintenance charges (note 2)		(50	)	–		–		–		–		–		–		–
Contingent deferred sales charges (note 2)		(7,420	)	(25	)	–		–		(1,548	)	(1,292	)	(8,582	)	(4,719	)
Adjustments to maintain reserves		(303	)	9		129		50		(61	)	(136	)	(10,640	)	(8	)
Net equity transactions		27,049,922		444,144		412,381		960		(195,367	)	(80,897	)	937,492		(197,428	)
Net change in contract owners’ equity		31,038,660		465,527		443,972		1,717		(176,839	)	192,674		546,280		561,247
Contract owners’ equity beginning of period		465,527		–		16,525		14,808		2,170,620		1,977,946		4,521,052		3,959,805
Contract owners’ equity end of period	$	31,504,187		465,527		460,497		16,525		1,993,781		2,170,620		5,067,332		4,521,052
CHANGES IN UNITS:
Beginning units		46,824		–		1,368		1,310		167,149		173,891		325,009		340,929
Units purchased		5,894,147		85,222		26,598		79		5,279		5,473		121,136		8,057
Units redeemed		(3,653,658	)	(38,398	)	(423	)	(21	)	(19,766	)	(12,215	)	(53,069	)	(23,977	)
Ending units		2,287,313		46,824		27,543		1,368		152,662		167,149		393,076		325,009

(Continued)

32

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		BBTLgCapGr				BBTMdCapGr				CSTGlobSmCp				CSTIntFoc
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(448	)	(14,989	)	(47,017	)	(29,711	)	(29,478	)	(33,792	)	1,807		(1,620	)
Realized gain (loss) on investments		68,028		37,884		180,824		98,818		206,035		351,098		961,017		652,408
Change in unrealized gain (loss) on investments		(350,529	)	13,427		483,689		(188,993	)	(293,526	)	57,458		152,569		661,797
Reinvested capital gains		319,189		4,358		362,469		182,048		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		36,240		40,680		979,965		62,162		(116,969	)	374,764		1,115,393		1,312,585
Equity transactions:
Purchase payments received from contract owners (note 3)		1,276		44,290		55,772		69,463		12,923		15,873		16,865		10,585
Transfers between funds		(1,611,457	)	(32,259	)	(97,330	)	(8,330	)	(140,860	)	(188,610	)	(356,442	)	(206,324	)
Redemptions (note 3)		(52,212	)	(119,008	)	(241,113	)	(205,804	)	(383,420	)	(834,836	)	(1,763,013	)	(1,782,662	)
Annuity benefits		–		–		–		–		–		–		(3,686	)	(2,916	)
Annual contract maintenance charges (note 2)		–		–		–		–		(47	)	(58	)	(51	)	(64	)
Contingent deferred sales charges (note 2)		(1,677	)	(2,646	)	(3,036	)	(3,559	)	(226	)	(830	)	(517	)	(2,092	)
Adjustments to maintain reserves.		269		(136	)	(40	)	127		(52	)	(179	)	221		(142	)
Net equity transactions		(1,663,801	)	(109,759	)	(285,747	)	(148,103	)	(511,682	)	(1,008,640	)	(2,106,623	)	(1,983,615	)
Net change in contract owners’ equity		(1,627,561	)	(69,079	)	694,218		(85,941	)	(628,651	)	(633,876	)	(991,230	)	(671,030	)
Contract owners’ equity beginning of period		1,627,561		1,696,640		3,142,013		3,227,954		3,141,525		3,775,401		7,854,510		8,525,540
Contract owners’ equity end of period	$	–		1,627,561		3,836,231		3,142,013		2,512,874		3,141,525		6,863,280		7,854,510
CHANGES IN UNITS:
Beginning units		170,035		181,917		212,034		221,842		225,532		303,526		566,655		722,518
Units purchased		160		5,373		6,329		4,825		659		2,395		2,709		540
Units redeemed		(170,195	)	(17,255	)	(23,719	)	(14,633	)	(36,425	)	(80,389	)	(140,288	)	(156,403	)
Ending units		–		170,035		194,644		212,034		189,766		225,532		429,076		566,655

(Continued)

33

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		CSTLCapV				DryIPELead				DryIPSmCap				DryStkIx
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	20,729		(20,270	)	(7,631	)	(27,090	)	(419,255	)	(511,261	)	4,038,401		4,077,888
Realized gain (loss) on investments		1,750,843		721,903		(125,639	)	118,097		3,352,354		6,760,578		29,203,434		(24,506,830	)
Change in unrealized gain (loss) on investments		(3,638,075	)	1,563,021		(36,668	)	(230,119	)	(5,558,515	)	(856,674	)	1,988,057		135,270,460
Reinvested capital gains		2,077,602		–		177,599		221,791		2,261,700		1,579,129		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		211,099		2,264,654		7,661		82,679		(363,716	)	6,971,772		35,229,892		114,841,518
Equity transactions:
Purchase payments received from contract owners (note 3)		181,343		121,770		2,915		38,885		1,237,365		2,140,827		16,832,892		20,909,493
Transfers between funds		(939,372	)	(41,587	)	(1,336,257	)	(137,208	)	(8,092,633	)	(5,457,169	)	(51,522,210	)	(59,777,868	)
Redemptions (note 3)		(3,745,145	)	(3,198,285	)	(49,821	)	(152,918	)	(8,285,927	)	(8,994,851	)	(165,777,916	)	(149,144,875	)
Annuity benefits		–		–		–		–		(51,123	)	(40,837	)	(226,605	)	(207,337	)
Annual contract maintenance charges (note 2)		(193	)	(268	)	–		–		(1,651	)	(1,765	)	(36,121	)	(42,159	)
Contingent deferred sales charges (note 2)		(1,840	)	(7,746	)	(920	)	(3,082	)	(54,360	)	(82,535	)	(575,752	)	(1,014,413	)
Adjustments to maintain reserves		(76	)	(68	)	(48	)	(158	)	2,274		8,543		(4,361	)	83,673
Net equity transactions		(4,505,283	)	(3,126,184	)	(1,384,131	)	(254,481	)	(15,246,055	)	(12,427,787	)	(201,310,073	)	(189,193,486	)
Net change in contract owners’ equity		(4,294,184	)	(861,530	)	(1,376,470	)	(171,802	)	(15,609,771	)	(5,456,015	)	(166,080,181	)	(74,351,968	)
Contract owners’ equity beginning of period		13,592,744		14,454,274		1,376,470		1,548,272		57,908,780		63,364,795		856,866,985		931,218,953
Contract owners’ equity end of period	$	9,298,560		13,592,744		–		1,376,470		42,299,009		57,908,780		690,786,804		856,866,985
CHANGES IN UNITS:
Beginning units		791,274		993,748		101,828		121,394		3,827,015		4,740,947		57,892,321		71,700,975
Units purchased		90,718		95,021		1,561		8,652		858,338		2,548,385		7,769,555		4,395,471
Units redeemed		(344,664	)	(297,495	)	(103,389	)	(28,218	)	(1,853,106	)	(3,462,317	)	(21,117,727	)	(18,204,125	)
Ending units		537,328		791,274		–		101,828		2,832,247		3,827,015		44,544,149		57,892,321

(Continued)

34

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		DryVApp				DryVAppS				DryVDevLd				DryVIntVal
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	540,430		610,594		(17,629	)	(17,996	)	(4,209	)	(5,658	)	1,094		276
Realized gain (loss) on investments		11,774,366		7,238,589		258,187		169,107		3,995		3,146		15,053		27,133
Change in unrealized gain (loss) on investments		(5,533,266	)	10,757,414		(71,823	)	339,376		(127,018	)	(27,915	)	(66,734	)	28,967
Reinvested capital gains		–		–		–		–		62,765		39,666		63,897		37,928
Net increase (decrease) in contract owners’ equity resulting from operations		6,781,530		18,606,597		168,735		490,487		(64,467	)	9,239		13,310		94,304
Equity transactions:
Purchase payments received from contract owners (note 3)		1,915,852		2,578,680		59,474		149,669		30,350		23,608		–		–
Transfers between funds		(10,070,227	)	(8,826,249	)	(313,264	)	(78,757	)	(2,689	)	2,992		–		–
Redemptions (note 3)		(22,712,531	)	(25,926,972	)	(307,546	)	(331,216	)	(7,233	)	(4,641	)	(9,935	)	(46,703	)
Annuity benefits		(88,596	)	(65,449	)	–		–		–		–		–		–
Annual contract maintenance charges (note 2)		(4,678	)	(5,748	)	–		–		–		–		–		–
Contingent deferred sales charges (note 2)		(81,449	)	(117,995	)	(3,240	)	(6,010	)	(122	)	(59	)	(130	)	(477	)
Adjustments to maintain reserves		732		5,698		(104	)	(269	)	(3	)	(2	)	398		(27	)
Net equity transactions		(31,040,897	)	(32,358,035	)	(564,680	)	(266,583	)	20,303		21,898		(9,667	)	(47,207	)
Net change in contract owners’ equity		(24,259,367	)	(13,751,438	)	(395,945	)	223,904		(44,164	)	31,137		3,643		47,097
Contract owners’ equity beginning of period		128,084,844		141,836,282		3,894,443		3,670,539		497,921		466,784		503,070		455,973
Contract owners’ equity end of period	$	103,825,477		128,084,844		3,498,498		3,894,443		453,757		497,921		506,713		503,070
CHANGES IN UNITS:
Beginning units		8,535,184		10,849,045		328,325		353,031		41,384		39,559		27,160		29,758
Units purchased		990,536		1,698,413		6,687		40,780		2,328		2,202		–		–
Units redeemed		(3,024,741	)	(4,012,274	)	(53,617	)	(65,486	)	(798	)	(377	)	(530	)	(2,598	)
Ending units		6,500,979		8,535,184		281,395		328,325		42,914		41,384		26,630		27,160

(Continued)

35

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FedAmLeadS				FedCapApS				FedHiIncS				FedMrkOp
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(3,910	)	(3,658	)	(14,773	)	(13,831	)	292,821		327,825		305		(6,460	)
Realized gain (loss) on investments		17,307		37,536		75,394		32,759		(64,522	)	20,501		(23,092	)	5,342
Change in unrealized gain (loss) on investments		(147,651	)	(35,706	)	23,990		116,905		(175,369	)	65,808		(24,072	)	25,995
Reinvested capital gains		66,416		82,521		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		(67,838	)	80,693		84,611		135,833		52,930		414,134		(46,859	)	24,877
Equity transactions:
Purchase payments received from contract owners (note 3)		771		860		17,083		57,615		52,160		125,555		106,793		75,046
Transfers between funds		(57,876	)	(67,028	)	(62,835	)	(89,865	)	(250,546	)	(115,058	)	317,013		1,106,318
Redemptions (note 3)		(13,563	)	(31,673	)	(82,609	)	(35,506	)	(357,331	)	(611,536	)	(319,675	)	(40,043	)
Annuity benefits		–		–		–		–		(148	)	(194	)	–		–
Annual contract maintenance charges (note 2)		–		–		–		–		–		–		(13	)	(6	)
Contingent deferred sales charges (note 2)		(276	)	(322	)	(1,480	)	(391	)	(3,596	)	(7,348	)	(44	)	(71	)
Adjustments to maintain reserves		(36	)	(32	)	(13	)	(106	)	(313	)	(922	)	(58	)	(38	)
Net equity transactions		(70,980	)	(98,195	)	(129,854	)	(68,253	)	(559,774	)	(609,503	)	104,016		1,141,206
Net change in contract owners’ equity		(138,818	)	(17,502	)	(45,243	)	67,580		(506,844	)	(195,369	)	57,157		1,166,083
Contract owners’ equity beginning of period		626,940		644,442		1,115,659		1,048,079		5,134,221		5,329,590		1,166,083		–
Contract owners’ equity end of period	$	488,122		626,940		1,070,416		1,115,659		4,627,377		5,134,221		1,223,240		1,166,083
CHANGES IN UNITS:
Beginning units		49,357		58,134		94,849		101,179		381,404		429,576		113,120		–
Units purchased		1,415		5,028		2,993		5,694		108,684		48,007		239,235		179,085
Units redeemed		(7,283	)	(13,805	)	(13,295	)	(12,024	)	(150,761	)	(96,179	)	(230,410	)	(65,965	)
Ending units		43,489		49,357		84,547		94,849		339,327		381,404		121,945		113,120

(Continued)

36

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FedQualBd				FedQualBdS				FidVIPEIS				FidVIPEIS2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	9,195,488		8,866,003		251,688		197,678		2,554,331		15,403,316		(53,081	)	185,854
Realized gain (loss) on investments		(376,559	)	989,122		(68,337	)	(138,651	)	36,448,640		12,099,854		1,155,429		630,460
Change in unrealized gain (loss) on investments		1,071,128		(2,230,701	)	96,063		128,189		(84,991,989	)	13,001,591		(2,386,753	)	(112,135	)
Reinvested capital gains		–		–		–		–		54,024,702		95,223,574		1,302,143		1,982,765
Net increase (decrease) in contract owners’ equity resulting from operations		9,890,057		7,624,424		279,414		187,216		8,035,684		135,728,335		17,738		2,686,944
Equity transactions:
Purchase payments received from contract owners (note 3)		4,917,921		5,961,978		70,469		184,860		12,521,860		14,731,729		197,401		378,934
Transfers between funds		(3,807,060	)	(28,388,474	)	(204,952	)	(126,418	)	(49,371,783	)	(25,488,597	)	(1,113,334	)	(398,585	)
Redemptions (note 3)		(43,202,775	)	(38,735,418	)	(908,132	)	(934,878	)	(138,499,789	)	(126,111,549	)	(1,332,582	)	(840,200	)
Annuity benefits		(104,918	)	(112,350	)	(554	)	(761	)	(266,993	)	(213,877	)	–		–
Annual contract maintenance charges (note 2)		(2,267	)	(2,913	)	–		–		(10,007	)	(10,842	)	–		–
Contingent deferred sales charges (note 2)		(243,353	)	(350,658	)	(13,876	)	(9,974	)	(568,511	)	(873,633	)	(22,133	)	(10,758	)
Adjustments to maintain reserves		7,285		15,852		(630	)	(2,748	)	73,443		76,635		(302	)	(853	)
Net equity transactions		(42,435,167	)	(61,611,983	)	(1,057,675	)	(889,919	)	(176,121,780	)	(137,890,134	)	(2,270,950	)	(871,462	)
Net change in contract owners’ equity		(32,545,110	)	(53,987,559	)	(778,261	)	(702,703	)	(168,086,096	)	(2,161,799	)	(2,253,212	)	1,815,482
Contract owners’ equity beginning of period		268,042,958		322,030,517		9,268,271		9,970,974		805,865,456		808,027,255		17,476,446		15,660,964
Contract owners’ equity end of period	$	235,497,848		268,042,958		8,490,010		9,268,271		637,779,360		805,865,456		15,223,234		17,476,446
CHANGES IN UNITS:
Beginning units		19,923,851		24,642,363		826,174		906,385		45,771,858		54,528,487		1,257,321		1,326,705
Units purchased		3,270,121		1,951,744		47,359		103,654		6,121,347		4,547,326		57,702		118,936
Units redeemed		(6,425,044	)	(6,670,256	)	(140,296	)	(183,865	)	(15,821,239	)	(13,303,955	)	(213,616	)	(188,320	)
Ending units		16,768,928		19,923,851		733,237		826,174		36,071,966		45,771,858		1,101,407		1,257,321

(Continued)

37

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FidVIPGrS				FidVIPGrS2				FidVIPHIS				FidVIPHISR
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(2,228,723	)	(4,167,155	)	(81,802	)	(95,599	)	7,835,048		12,919,897		2,420,731		–
Realized gain (loss) on investments		17,271,570		(14,229,939	)	655,985		247,854		2,510,773		(4,442,921	)	(628,516	)	–
Change in unrealized gain (loss) on investments		80,606,095		42,655,600		629,579		119,400		(6,673,122	)	11,317,675		(2,270,710	)	–
Reinvested capital gains		350,443		–		3,684		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		95,999,385		24,258,506		1,207,446		271,655		3,672,699		19,794,651		(478,495	)	–
Equity transactions:
Purchase payments received from contract owners (note 3)		7,293,261		9,371,171		70,742		110,551		1,785,096		3,552,051		1,467,582		–
Transfers between funds		(10,197,452	)	(40,807,660	)	(450,793	)	(62,501	)	(59,267,618	)	(5,594,088	)	33,545,959		–
Redemptions (note 3)		(93,739,500	)	(76,806,888	)	(656,962	)	(463,136	)	(35,930,478	)	(39,899,699	)	(4,348,052	)	–
Annuity benefits		(114,156	)	(92,795	)	–		–		(48,241	)	(58,997	)	–		–
Annual contract maintenance charges (note 2)		(17,295	)	(20,017	)	–		–		(2,479	)	(2,800	)	(78	)	–
Contingent deferred sales charges (note 2)		(312,515	)	(566,079	)	(12,426	)	(7,474	)	(115,336	)	(240,826	)	(13,227	)	–
Adjustments to maintain reserves		11,565		36,778		(239	)	(344	)	979		24,295		11,831		–
Net equity transactions		(97,076,092	)	(108,885,490	)	(1,049,678	)	(422,904	)	(93,578,077	)	(42,220,064	)	30,664,015		–
Net change in contract owners’ equity		(1,076,707	)	(84,626,984	)	157,768		(151,249	)	(89,905,378	)	(22,425,413	)	30,185,520		–
Contract owners’ equity beginning of period		429,544,896		514,171,880		5,765,569		5,916,818		206,623,312		229,048,725		–		–
Contract owners’ equity end of period	$	428,468,189		429,544,896		5,923,337		5,765,569		116,717,934		206,623,312		30,185,520		–
CHANGES IN UNITS:
Beginning units		33,064,556		41,679,172		544,353		584,358		18,673,694		22,786,741		–		–
Units purchased		7,151,797		1,921,322		39,302		35,574		4,814,039		11,346,552		6,979,378		–
Units redeemed		(14,259,635	)	(10,535,938	)	(133,458	)	(75,579	)	(13,046,842	)	(15,459,599	)	(3,901,617	)	–
Ending units		25,956,718		33,064,556		450,197		544,353		10,440,891		18,673,694		3,077,761		–

(Continued)

38

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FidVIPOvS				FidVIPOvS2R				FidVIPOvSR				FidVIPConS
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	1,131,429		(187,786	)	120,905		(108,577	)	1,992,856		(390,779	)	(3,410,738	)	(796,356	)
Realized gain (loss) on investments		7,361,712		5,459,327		994,974		719,691		14,657,366		12,483,983		55,638,212		29,610,411
Change in unrealized gain (loss) on investments		(3,942,677	)	3,833,602		(319,905	)	767,562		(8,463,553	)	3,232,981		(123,508,728	)	(13,800,683	)
Reinvested capital gains		4,126,563		405,385		727,488		61,215		7,225,936		670,331		198,370,523		70,334,936
Net increase (decrease) in contract owners’ equity resulting from operations		8,677,027		9,510,528		1,523,462		1,439,891		15,412,605		15,996,516		127,089,269		85,348,308
Equity transactions:
Purchase payments received from contract owners (note 3)		146,212		157,099		127,264		168,329		3,042,682		3,911,467		19,820,622		25,741,947
Transfers between funds		(3,964,124	)	(3,885,735	)	(3,163	)	(13,429	)	(4,876,165	)	71,041		(33,053,375	)	5,826,534
Redemptions (note 3)		(12,638,948	)	(10,757,311	)	(712,202	)	(550,346	)	(18,834,024	)	(14,258,567	)	(165,924,464	)	(140,024,654	)
Annuity benefits.		(25,708	)	(21,311	)	(208	)	(235	)	(47,295	)	(34,366	)	(400,657	)	(303,254	)
Annual contract maintenance charges (note 2)		(798	)	(939	)	–		–		(1,636	)	(1,483	)	(24,778	)	(26,249	)
Contingent deferred sales charges (note 2)		(24,253	)	(59,816	)	(6,921	)	(9,646	)	(101,448	)	(117,709	)	(624,114	)	(969,211	)
Adjustments to maintain reserves		3,849		10,700		(530	)	(1,273	)	5,451		17,655		61,533		127,256
Net equity transactions		(16,503,770	)	(14,557,313	)	(595,760	)	(406,600	)	(20,812,435	)	(10,411,962	)	(180,145,233	)	(109,627,631	)
Net change in contract owners’ equity		(7,826,743	)	(5,046,785	)	927,702		1,033,291		(5,399,830	)	5,584,554		(53,055,964	)	(24,279,323	)
Contract owners’ equity beginning of period		60,630,107		65,676,892		10,505,020		9,471,729		106,532,499		100,947,945		868,731,485		893,010,808
Contract owners’ equity end of period	$	52,803,364		60,630,107		11,432,722		10,505,020		101,132,669		106,532,499		815,675,521		868,731,485
CHANGES IN UNITS:
Beginning units		3,528,715		4,468,213		648,323		675,789		6,293,681		6,958,794		42,459,981		48,190,974
Units purchased		424,763		11,538		63,854		76,264		1,874,697		1,983,837		7,484,045		7,305,460
Units redeemed		(1,293,314	)	(951,036	)	(97,687	)	(103,730	)	(3,036,355	)	(2,648,950	)	(15,817,847	)	(13,036,453	)
Ending units		2,660,164		3,528,715		614,490		648,323		5,132,023		6,293,681		34,126,179		42,459,981

(Continued)

39

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FidVIPConS2				FidVIPIGBdS				FidVIPGrOpS				FidVIPMCapS
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(219,506	)	(151,231	)	1,760,430		1,301,026		(640,795	)	(287,137	)	(214,865	)	(99,408	)
Realized gain (loss) on investments		1,160,511		1,173,299		(644,233	)	(984,322	)	2,879,230		(4,212,822	)	740,316		(35,841	)
Change in unrealized gain (loss) on investments		(3,215,038	)	(909,351	)	723,507		1,379,282		9,243,801		6,640,028		1,503,027		1,336,931
Reinvested capital gains		5,088,027		1,524,461		–		122,570		–		–		2,557,199		–
Net increase (decrease) in contract owners’ equity resulting from operations		2,813,994		1,637,178		1,839,704		1,818,556		11,482,236		2,140,069		4,585,677		1,201,682
Equity transactions:
Purchase payments received from contract owners (note 3)		300,440		537,227		2,683,968		3,344,169		709,776		1,928,004		1,926,850		849,455
Transfers between funds		421,425		63,494		12,496,952		15,400,668		(3,260,017	)	(4,648,067	)	19,498,426		22,533,031
Redemptions (note 3)		(1,570,434	)	(1,236,628	)	(12,766,010	)	(7,434,620	)	(13,998,348	)	(15,900,600	)	(5,763,293	)	(893,442	)
Annuity benefits		(5,649	)	–		(94,354	)	(48,909	)	(7,065	)	(18,719	)	(132	)	–
Annual contract maintenance charges (note 2)		–		–		(1,235	)	(1,015	)	(1,372	)	(1,625	)	(574	)	(85	)
Contingent deferred sales charges (note 2)		(26,135	)	(19,227	)	(68,052	)	(67,393	)	(27,830	)	(68,929	)	(17,551	)	(5,107	)
Adjustments to maintain reserves		228		(929	)	3,017		(340	)	(127	)	3,628		(1,553	)	1,041
Net equity transactions		(880,125	)	(656,063	)	2,254,286		11,192,560		(16,584,983	)	(18,706,308	)	15,642,173		22,484,893
Net change in contract owners’ equity		1,933,869		981,115		4,093,990		13,011,116		(5,102,747	)	(16,566,239	)	20,227,850		23,686,575
Contract owners’ equity beginning of period		18,868,372		17,887,257		62,513,496		49,502,380		60,648,156		77,214,395		23,686,575		–
Contract owners’ equity end of period	$	20,802,241		18,868,372		66,607,486		62,513,496		55,545,409		60,648,156		43,914,425		23,686,575
CHANGES IN UNITS:
Beginning units		1,229,048		1,274,568		5,515,247		4,565,853		5,734,093		7,586,186		2,219,901		–
Units purchased		92,277		161,648		3,651,172		3,790,753		863,866		629,952		3,317,381		2,714,676
Units redeemed		(149,822	)	(207,168	)	(3,422,670	)	(2,841,359	)	(2,304,250	)	(2,482,045	)	(1,816,515	)	(494,775	)
Ending units		1,171,503		1,229,048		5,743,749		5,515,247		4,293,709		5,734,093		3,720,767		2,219,901

(Continued)

40

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FidVIPMCapS2				FidVIPVaIS				FidVIPVaIS2				FidVIPEnergyS2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(211,488	)	(229,413	)	(181,703	)	(253,802	)	(37,720	)	(39,782	)	(286,047	)	9,048
Realized gain (loss) on investments		1,008,359		857,802		(86,025	)	(805,882	)	44,487		72,039		237,471		(324,363	)
Change in unrealized gain (loss) on investments		(278,986	)	(896,562	)	(2,394,451	)	(1,637,486	)	(210,336	)	(136,469	)	7,529,881		(1,201,637	)
Reinvested capital gains		1,380,394		1,638,948		4,362,170		8,072,471		312,066		457,279		1,805,107		1,452,792
Net increase (decrease) in contract owners’ equity resulting from operations		1,898,279		1,370,775		1,699,991		5,375,301		108,497		353,067		9,286,412		(64,160	)
Equity transactions:
Purchase payments received from contract owners (note 3)		550,779		891,941		1,167,210		1,381,621		48,288		70,934		1,482,882		740,354
Transfers between funds		(4,350	)	445,993		(175,347	)	(7,867,413	)	(79,574	)	(16,219	)	28,445,837		11,557,385
Redemptions (note 3)		(896,779	)	(926,839	)	(7,160,626	)	(6,405,537	)	(228,538	)	(215,408	)	(3,304,404	)	(733,084	)
Annuity benefits		(107,323	)	(49,870	)	(37,238	)	(40,237	)	–		–		(12,229	)	(7,066	)
Annual contract maintenance charges (note 2)		3		–		(959	)	(1,055	)	–		–		(477	)	(49	)
Contingent deferred sales charges (note 2)		(7,790	)	(14,540	)	(36,299	)	(67,825	)	(4,498	)	(4,894	)	(17,946	)	(6,458	)
Adjustments to maintain reserves		(6,060	)	1,333		4,707		7,687		(92	)	(217	)	(4,930	)	893
Net equity transactions		(471,520	)	348,018		(6,238,552	)	(12,992,759	)	(264,414	)	(165,804	)	26,588,733		11,551,975
Net change in contract owners’ equity		1,426,759		1,718,793		(4,538,561	)	(7,617,458	)	(155,917	)	187,263		35,875,145		11,487,815
Contract owners’ equity beginning of period		14,483,269		12,764,476		36,697,309		44,314,767		2,790,485		2,603,222		11,522,607		34,792
Contract owners’ equity end of period	$	15,910,028		14,483,269		32,158,748		36,697,309		2,634,568		2,790,485		47,397,752		11,522,607
CHANGES IN UNITS:
Beginning units		726,383		734,732		2,381,904		3,312,290		189,220		200,980		1,092,891		2,596
Units purchased		59,779		106,190		2,023,381		1,269,904		8,938		17,645		3,767,516		1,685,712
Units redeemed		(97,894	)	(114,539	)	(2,409,353	)	(2,200,290	)	(25,471	)	(29,405	)	(1,630,250	)	(595,417	)
Ending units		688,268		726,383		1,995,932		2,381,904		172,687		189,220		3,230,157		1,092,891

(Continued)

41

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FidVIPFree10S				FidVIPFree10S2				FidVIPFree20S				FidVIPFree20S2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	122,170		31,507		307		273		82,993		21,804		54		21
Realized gain (loss) on investments		224,296		172		689		245		155,588		6,903		510		72
Change in unrealized gain (loss) on investments		(163,826	)	64,967		555		1,894		(116,743	)	91,575		1,011		1,892
Reinvested capital gains		171,937		11,260		947		156		167,824		19,191		1,338		306
Net increase (decrease) in contract owners’ equity resulting from operations		354,577		107,906		2,498		2,568		289,662		139,473		2,913		2,291
Equity transactions:
Purchase payments received from contract owners (note 3)		936,679		201,427		–		28,000		656,119		223,651		9,979		29,390
Transfers between funds		6,710,517		2,369,899		–		–		4,219,388		1,944,228		–		–
Redemptions (note 3)		(2,343,580	)	(16,644	)	(1,584	)	(1,431	)	(703,545	)	(125,321	)	–		–
Annuity benefits		(1,345	)	–		(3,920	)	(2,664	)	(3,015	)	–		(3,950	)	(1,723	)
Annual contract maintenance charges (note 2)		(25	)	(4	)	–		–		(157	)	–		–		–
Contingent deferred sales charges (note 2)		(3,638	)	–		–		–		(4,243	)	(1,970	)	–		–
Adjustments to maintain reserves		(34	)	151		291		159		(256	)	(7	)	569		205
Net equity transactions		5,298,574		2,554,829		(5,213	)	24,064		4,164,291		2,040,581		6,598		27,872
Net change in contract owners’ equity		5,653,151		2,662,735		(2,715	)	26,632		4,453,953		2,180,054		9,511		30,163
Contract owners’ equity beginning of period		2,662,735		–		36,739		10,107		2,180,054		–		34,337		4,174
Contract owners’ equity end of period	$	8,315,886		2,662,735		34,024		36,739		6,634,007		2,180,054		43,848		34,337
CHANGES IN UNITS:
Beginning units		238,181		–		3,171		944		203,073		–		2,852		379
Units purchased		837,524		239,862		–		2,511		539,686		221,050		680		2,610
Units redeemed		(358,207	)	(1,681	)	(428	)	(284	)	(181,480	)	(17,977	)	(150	)	(137	)
Ending units		717,498		238,181		2,743		3,171		561,279		203,073		3,382		2,852

(Continued)

42

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FidVIPFree30S				FidVIPFree30S2				FICoreEq			FHCapAp
Investment activity:		2007		2006		2007		2006		2007	2006		2007	2006
Net investment income (loss)	$	45,184		10,338		2,404		(53	)	–	(1,413	)	–	(1,050	)
Realized gain (loss) on investments		49,357		104		3,869		308		–	1,300		–	37,284
Change in unrealized gain (loss) on investments		(62,754	)	27,087		(3,817	)	7,368		–	(128,389	)	–	(237,567	)
Reinvested capital gains		111,626		9,449		12,384		1,621		–	141,045		–	313,092
Net increase (decrease) in contract owners’ equity resulting from operations		143,413		46,978		14,840		9,244		–	12,543		–	111,759
Equity transactions:
Purchase payments received from contract owners (note 3)		705,561		119,997		235,736		152,597		–	271		–	–
Transfers between funds		2,211,292		786,181		–		–		–	(1,414,115	)	–	(584,537	)
Redemptions (note 3)		(375,554	)	(5,000	)	(10,581	)	(1,201	)	–	(504,621	)	–	(793,051	)
Annuity benefits		–		–		(22,622	)	(6,796	)	–	–		–	–
Annual contract maintenance charges (note 2)		(345	)	(1	)	–		–		–	–		–	–
Contingent deferred sales charges (note 2)		(7,124	)	(9	)	–		–		–	(221	)	–	(160	)
Adjustments to maintain reserves		(92	)	40		1,230		518		–	(39	)	–	23
Net equity transactions		2,533,738		901,208		203,763		145,118		–	(1,918,725	)	–	(1,377,725	)
Net change in contract owners’ equity		2,677,151		948,186		218,603		154,362		–	(1,906,182	)	–	(1,265,966	)
Contract owners’ equity beginning of period		948,186		–		158,537		4,175		–	1,906,182		–	1,265,966
Contract owners’ equity end of period	$	3,625,337		948,186		377,140		158,537		–	–		–	–
CHANGES IN UNITS:
Beginning units		85,992		–		12,830		372		–	199,531		–	89,067
Units purchased		259,751		86,721		16,966		13,078		–	282		–	11
Units redeemed		(44,429	)	(729	)	(1,864	)	(620	)	–	(199,813	)	–	(89,078	)
Ending units		301,314		85,992		27,932		12,830		–	–		–	–

(Continued)

43

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FrVIPDevMrk3				FrVIPForSec2				FrVIPForSec3				FrVIPGlInc3
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	83,453		(11,916	)	665		14		113,104		(12,574	)	287,909		5,940
Realized gain (loss) on investments		1,061,894		(54,790	)	6,423		4,825		197,558		22,978		422,029		(17,733	)
Change in unrealized gain (loss) on investments		1,028,517		691,114		1,933		13,451		570,989		516,067		1,282,486		529,690
Reinvested capital gains		859,693		–		4,475		–		540,392		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		3,033,557		624,408		13,496		18,290		1,422,043		526,471		1,992,424		517,897
Equity transactions:
Purchase payments received from contract owners (note 3)		437,882		143,504		–		–		797,172		378,939		1,227,438		385,380
Transfers between funds		17,069,269		5,481,090		–		–		7,732,645		5,152,453		21,451,699		11,345,706
Redemptions (note 3)		(2,250,179	)	(240,282	)	(783	)	(677	)	(1,495,455	)	(135,646	)	(3,392,114	)	(419,513	)
Annuity benefits		(29,197	)	(19,391	)	(15,601	)	(13,725	)	(34,921	)	(29,736	)	(12,775	)	(8,867	)
Annual contract maintenance charges (note 2)		(124	)	(1	)	–		–		(179	)	(8	)	(41	)	(6	)
Contingent deferred sales charges (note 2)		(10,196	)	(4,599	)	–		–		(9,010	)	(1,039	)	(9,595	)	(3,061	)
Adjustments to maintain reserves		(1,886	)	730		747		562		1,393		1,312		(2,006	)	698
Net equity transactions		15,215,569		5,361,051		(15,637	)	(13,840	)	6,991,645		5,366,275		19,262,606		11,300,337
Net change in contract owners’ equity		18,249,126		5,985,459		(2,141	)	4,450		8,413,688		5,892,746		21,255,030		11,818,234
Contract owners’ equity beginning of period		6,133,608		148,149		104,412		99,962		6,292,013		399,267		11,889,709		71,475
Contract owners’ equity end of period	$	24,382,734		6,133,608		102,271		104,412		14,705,701		6,292,013		33,144,739		11,889,709
CHANGES IN UNITS:
Beginning units		483,848		11,667		6,397		7,345		505,381		32,270		1,106,336		7,294
Units purchased		2,240,638		593,554		–		–		967,439		537,294		2,734,673		1,273,309
Units redeemed		(1,094,788	)	(121,373	)	(901	)	(948	)	(378,057	)	(64,183	)	(990,455	)	(174,267	)
Ending units		1,629,698		483,848		5,496		6,397		1,094,763		505,381		2,850,554		1,106,336

(Continued)

44

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		FrVIPIncSec2				FrVIPRisDiv2				FrVIPSCapV2				JAspBal
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	1,421,570		(64,149	)	10,210		(5,248	)	(96,419	)	(60,718	)	259		327
Realized gain (loss) on investments		1,668,150		3,308		50,991		21,704		462,702		386,792		4,089		4,370
Change in unrealized gain (loss) on investments		(2,690,240	)	2,016,503		(125,339	)	154,512		(3,056,983	)	949,241		(1,188	)	101
Reinvested capital gains		395,282		7,914		18,291		6,863		1,430,708		44,120		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		794,762		1,963,576		(45,847	)	177,831		(1,259,992	)	1,319,435		3,160		4,798
Equity transactions:
Purchase payments received from contract owners (note 3)		5,629,647		2,053,170		(17	)	322,881		781,542		317,796		–		–
Transfers between funds		27,746,873		34,352,694		(89,572	)	69,656		7,384,923		13,092,836		(19,067	)	(34,519	)
Redemptions (note 3)		(10,560,479	)	(1,218,614	)	(34,203	)	(38,098	)	(3,582,692	)	(1,193,387	)	(2,100	)	(2,045	)
Annuity benefits		(64,945	)	(6,254	)	(90,563	)	(92,944	)	(43,267	)	(35,313	)	(367	)	(1,059	)
Annual contract maintenance charges (note 2)		(292	)	(51	)	(7	)	2		(129	)	(17	)	–		–
Contingent deferred sales charges (note 2)		(15,807	)	(3,185	)	(482	)	(666	)	(13,509	)	(14,288	)	–		–
Adjustments to maintain reserves		3,402		1,127		5,030		1,991		(3,071	)	2,521		56		71
Net equity transactions		22,738,399		35,178,887		(209,814	)	262,822		4,523,797		12,170,148		(21,478	)	(37,552	)
Net change in contract owners’ equity		23,533,161		37,142,463		(255,661	)	440,653		3,263,805		13,489,583		(18,318	)	(32,754	)
Contract owners’ equity beginning of period		37,142,463		–		1,376,537		935,884		13,907,748		418,165		50,931		83,685
Contract owners’ equity end of period	$	60,675,624		37,142,463		1,120,876		1,376,537		17,171,553		13,907,748		32,613		50,931
CHANGES IN UNITS:
Beginning units		3,299,693		–		106,400		82,712		1,233,894		29,831		3,983		7,136
Units purchased		5,755,834		3,705,062		–		29,617		1,720,511		1,867,448		–		–
Units redeemed		(3,812,394	)	(405,369	)	(16,180	)	(5,929	)	(1,339,384	)	(663,385	)	(1,641	)	(3,153	)
Ending units		5,243,133		3,299,693		90,220		106,400		1,615,021		1,233,894		2,342		3,983

(Continued)

45

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		JAspForty				JAspGlTechS2				JAspGlTechS				JAspRMgCore
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(2,254,224	)	(2,406,988	)	(181,130	)	(255,508	)	(336,667	)	(525,508	)	(27,699	)	(44,701	)
Realized gain (loss) on investments		39,533,507		12,994,935		2,649,014		2,142,922		2,036,062		(235,778	)	8,047		(285,906	)
Change in unrealized gain (loss) on investments		28,781,149		4,701,676		1,128,863		(592,503	)	5,458,414		3,323,898		135,140		359,109
Reinvested capital gains		–		–		–		–		–		–		32,196		271,037
Net increase (decrease) in contract owners’ equity resulting from operations		66,060,432		15,289,623		3,596,747		1,294,911		7,157,809		2,562,612		147,684		299,539
Equity transactions:
Purchase payments received from contract owners (note 3)		3,935,209		4,104,565		978,201		1,455,258		205,230		189,563		206,711		93,016
Transfers between funds		7,390,211		(19,845,986	)	(736,230	)	(835,564	)	(3,319,995	)	(3,405,665	)	(60,266	)	(1,106,546	)
Redemptions (note 3)		(47,693,850	)	(26,989,749	)	(3,748,965	)	(2,669,566	)	(9,494,442	)	(4,938,822	)	(597,532	)	(674,533	)
Annuity benefits		(30,133	)	(24,512	)	–		(43	)	(2,948	)	(2,063	)	–		–
Annual contract maintenance charges (note 2)		(4,004	)	(4,554	)	(509	)	(571	)	(1,708	)	(1,954	)	(1	)	–
Contingent deferred sales charges (note 2)		(181,896	)	(326,390	)	(21,198	)	(36,086	)	(34,215	)	(76,614	)	(2,662	)	(4,441	)
Adjustments to maintain reserves		(219,400	)	28,792		(319	)	2,973		600		9,834		(23	)	301
Net equity transactions		(36,803,863	)	(43,057,834	)	(3,529,020	)	(2,083,599	)	(12,647,478	)	(8,225,721	)	(453,773	)	(1,692,203	)
Net change in contract owners’ equity		29,256,569		(27,768,211	)	67,727		(788,688	)	(5,489,669	)	(5,663,109	)	(306,089	)	(1,392,664	)
Contract owners’ equity beginning of period		208,286,875		236,055,086		19,619,098		20,407,786		40,300,629		45,963,738		3,456,456		4,849,120
Contract owners’ equity end of period	$	237,543,444		208,286,875		19,686,825		19,619,098		34,810,960		40,300,629		3,150,367		3,456,456
CHANGES IN UNITS:
Beginning units		20,957,631		25,585,852		1,632,227		1,809,622		10,187,641		12,377,329		204,029		312,325
Units purchased		10,875,168		1,601,983		651,974		515,246		2,918,408		21,846		95,551		222,772
Units redeemed		(12,636,449	)	(6,230,204	)	(928,182	)	(692,641	)	(5,877,922	)	(2,211,534	)	(122,227	)	(331,068	)
Ending units		19,196,350		20,957,631		1,356,019		1,632,227		7,228,127		10,187,641		177,353		204,029

(Continued)

46

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		JAspIntGroS2				JAspIntGroS				JPM2MdCap				LBTShrtDBd
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(1,292,363	)	1,129,498		(1,206,071	)	919,714		(99,901	)	(290,695	)	834,075		989,766
Realized gain (loss) on investments		29,137,711		15,143,843		31,399,487		13,755,541		2,908,772		4,058,511		149,277		(839,339	)
Change in unrealized gain (loss) on investments		10,672,374		26,054,523		8,405,584		40,796,966		(3,597,345	)	2,299,089		877,204		1,389,899
Reinvested capital gains		–		–		–		–		1,730,987		1,362,877		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		38,517,722		42,327,864		38,599,000		55,472,221		942,513		7,429,782		1,860,556		1,540,326
Equity transactions:
Purchase payments received from contract owners (note 3)		6,208,609		5,060,769		1,116,075		1,072,474		15,657		842,893		1,356,051		1,572,845
Transfers between funds		7,985,870		33,665,762		(12,310,196	)	(9,051,809	)	(8,655,421	)	(21,423,744	)	7,232,407		9,859,513
Redemptions (note 3)		(27,539,624	)	(13,234,626	)	(37,478,420	)	(17,734,041	)	(6,389,387	)	(6,913,399	)	(10,013,420	)	(7,142,141	)
Annuity benefits		(56,337	)	(5,691	)	(27,391	)	(25,888	)	(4,435	)	(2,660	)	(28,638	)	(26,581	)
Annual contract maintenance charges (note 2)		(2,222	)	(1,510	)	(4,888	)	(4,878	)	(632	)	(1,025	)	(581	)	(437	)
Contingent deferred sales charges (note 2)		(142,254	)	(159,657	)	(100,108	)	(231,325	)	(27,973	)	(59,868	)	(29,005	)	(48,704	)
Adjustments to maintain reserves		16,992		62,619		(174,419	)	101,628		652		4,449		614		(2,522	)
Net equity transactions		(13,528,966	)	25,387,666		(48,979,347	)	(25,873,839	)	(15,061,539	)	(27,553,354	)	(1,482,572	)	4,211,973
Net change in contract owners’ equity		24,988,756		67,715,530		(10,380,347	)	29,598,382		(14,119,026	)	(20,123,572	)	377,984		5,752,299
Contract owners’ equity beginning of period		153,533,897		85,818,367		164,696,803		135,098,421		42,929,069		63,052,641		52,843,411		47,091,112
Contract owners’ equity end of period	$	178,522,653		153,533,897		154,316,456		164,696,803		28,810,043		42,929,069		53,221,395		52,843,411
CHANGES IN UNITS:
Beginning units		6,727,631		5,457,024		10,413,775		12,338,040		3,023,212		5,126,253		5,053,380		4,630,463
Units purchased		3,423,449		4,361,654		3,056,452		137,252		260,865		623,424		3,239,415		3,450,495
Units redeemed		(3,993,448	)	(3,091,047	)	(4,775,419	)	(2,061,517	)	(1,282,976	)	(2,726,465	)	(3,365,688	)	(3,027,578	)
Ending units		6,157,632		6,727,631		8,694,808		10,413,775		2,001,101		3,023,212		4,927,107		5,053,380

(Continued)

47

NATIONWIDE VARIABLE ACCOUNT– 9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		MFSInvGrStS				MFSMidCapGrS				MFSNewDiscS				MFSValueS
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(3,279	)	(3,456	)	(58,305	)	(61,667	)	(27,898	)	(29,938	)	(196,245	)	(140,047	)
Realized gain (loss) on investments		9,838		6,557		244,337		200,500		145,276		129,194		1,422,814		839,826
Change in unrealized gain (loss) on investments		18,733		12,987		(64,283	)	(235,436	)	(212,777	)	38,043		257,937		2,278,290
Reinvested capital gains		–		–		120,578		115,634		108,508		30,785		664,222		128,962
Net increase (decrease) in contract owners’ equity resulting from operations		25,292		16,088		242,327		19,031		13,109		168,084		2,148,728		3,107,031
Equity transactions:
Purchase payments received from contract owners (note 3)		(12	)	9,287		39,505		48,210		48,139		8,573		817,094		416,019
Transfers between funds		(1,863	)	(12,042	)	(230,139	)	(90,331	)	(101,197	)	(74,349	)	13,172,545		25,700,300
Redemptions (note 3)		(15,419	)	(11,567	)	(323,014	)	(306,767	)	(273,163	)	(189,760	)	(5,279,336	)	(1,089,687	)
Annuity benefits		(8,865	)	(8,848	)	–		–		–		–		(28,912	)	(17,931	)
Annual contract maintenance charges (note 2)		–		(8	)	–		–		–		–		(149	)	(10	)
Contingent deferred sales charges (note 2)		(405	)	(224	)	(3,957	)	(5,832	)	(5,360	)	(2,631	)	(31,775	)	(12,805	)
Adjustments to maintain reserves		(12,177	)	(1,832	)	(131	)	(225	)	(16,155	)	62,540		1,827		1,772
Net equity transactions		(38,741	)	(25,234	)	(517,736	)	(354,945	)	(347,736	)	(195,627	)	8,651,294		24,997,658
Net change in contract owners’ equity		(13,449	)	(9,146	)	(275,409	)	(335,914	)	(334,627	)	(27,543	)	10,800,022		28,104,689
Contract owners’ equity beginning of period		275,266		284,412		3,298,879		3,634,793		1,675,133		1,702,676		31,975,073		3,870,384
Contract owners’ equity end of period	$	261,817		275,266		3,023,470		3,298,879		1,340,506		1,675,133		42,775,095		31,975,073
CHANGES IN UNITS:
Beginning units		23,107		25,301		304,947		337,675		143,980		162,284		2,656,741		311,423
Units purchased		–		879		7,373		14,541		7,203		7,389		2,089,365		2,704,569
Units redeemed		(3,065	)	(3,073	)	(52,583	)	(47,269	)	(36,240	)	(25,693	)	(1,357,734	)	(359,251	)
Ending units		20,042		23,107		259,737		304,947		114,943		143,980		3,388,372		2,656,741

(Continued)

48

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITAstAll2				NVITBnd2				NVITGlobGr2				NVITGroInc2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	432,360		281,463		2,047,545		20,232		372,844		(50,005	)	49,505		–
Realized gain (loss) on investments		749,941		1,569		196,708		1,855		1,137,658		12,674		(19,080	)	–
Change in unrealized gain (loss) on investments		(36,834	)	870,806		(1,750,119	)	303,017		1,367,005		1,436,237		(262,412	)	–
Reinvested capital gains		20,716		–		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		1,166,183		1,153,838		494,134		325,104		2,877,507		1,398,906		(231,987	)	–
Equity transactions:
Purchase payments received from contract owners (note 3)		4,262,092		1,552,911		1,825,998		635,935		1,559,896		525,261		630,472		–
Transfers between funds		28,667,706		20,134,746		28,281,851		12,946,095		13,784,728		16,917,061		5,830,679		–
Redemptions (note 3)		(7,245,537	)	(871,953	)	(4,173,458	)	(537,611	)	(4,244,607	)	(544,373	)	(376,792	)	–
Annuity benefits		(34,481	)	(3,758	)	(16,774	)	(617	)	(8,246	)	(1,393	)	(10,126	)	–
Annual contract maintenance charges (note 2)		(297	)	(39	)	(83	)	(6	)	(322	)	(30	)	–		–
Contingent deferred sales charges (note 2)		(31,306	)	(3,010	)	(10,735	)	(5,860	)	(12,511	)	(4,746	)	(1,101	)	–
Adjustments to maintain reserves		1,444		6,579		391		7,997		1,202		654		215		–
Net equity transactions		25,619,621		20,815,476		25,907,190		13,045,933		11,080,140		16,892,434		6,073,347		–
Net change in contract owners’ equity		26,785,804		21,969,314		26,401,324		13,371,037		13,957,647		18,291,340		5,841,360		–
Contract owners’ equity beginning of period		21,969,314		–		13,371,037		–		18,291,340		–		–		–
Contract owners’ equity end of period	$	48,755,118		21,969,314		39,772,361		13,371,037		32,248,987		18,291,340		5,841,360		–
CHANGES IN UNITS:
Beginning units		2,062,762		–		1,263,418		–		1,678,343		–		–		–
Units purchased		3,831,102		2,176,136		4,022,920		1,442,263		2,191,970		1,849,586		642,253		–
Units redeemed		(1,566,798	)	(113,374	)	(1,606,100	)	(178,845	)	(1,260,850	)	(171,243	)	(105,195	)	–
Ending units		4,327,066		2,062,762		3,680,238		1,263,418		2,609,463		1,678,343		537,058		–

(Continued)

49

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITGrowth2				NVITFHiInc				NVITFHiInc3				NVITEmMrkts
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(195,151	)	44,135		4,948,461		6,265,702		2,910,185		2,876,032		(24,902	)	(21,900	)
Realized gain (loss) on investments		830,095		(42,679	)	84,780		(884,821	)	702,775		(144,902	)	883,589		512,472
Change in unrealized gain (loss) on investments		1,970,600		1,200,909		(3,186,672	)	3,854,809		(2,493,547	)	1,689,520		450,855		834,749
Reinvested capital gains		9,101		–		–		–		–		–		541,784		52,364
Net increase (decrease) in contract owners’ equity resulting from operations		2,614,645		1,202,365		1,846,569		9,235,690		1,119,413		4,420,650		1,851,326		1,377,685
Equity transactions:
Purchase payments received from contract owners (note 3)		2,588,825		1,068,070		113,592		219,079		2,122,153		2,520,584		66,464		49,403
Transfers between funds		15,886,682		20,231,094		(9,369,782	)	(18,199,879	)	(11,906,431	)	16,001,942		(209,181	)	(412,045	)
Redemptions (note 3)		(4,817,965	)	(664,907	)	(17,692,042	)	(17,967,923	)	(8,303,489	)	(4,978,385	)	(851,709	)	(588,119	)
Annuity benefits		(29,369	)	(2,975	)	(37,544	)	(42,733	)	(20,403	)	(11,411	)	(9,263	)	(7,976	)
Annual contract maintenance charges (note 2)		(645	)	(32	)	(885	)	(1,067	)	(371	)	(345	)	(247	)	(256	)
Contingent deferred sales charges (note 2)		(19,704	)	(3,398	)	(70,650	)	(102,509	)	(40,998	)	(43,300	)	(7,010	)	(6,092	)
Adjustments to maintain reserves		656		(110	)	1,708		5,218		957		2,857		633		1,995
Net equity transactions		13,608,480		20,627,742		(27,055,603	)	(36,089,814	)	(18,148,582	)	13,491,942		(1,010,313	)	(963,090	)
Net change in contract owners’ equity		16,223,125		21,830,107		(25,209,034	)	(26,854,124	)	(17,029,169	)	17,912,592		841,013		414,595
Contract owners’ equity beginning of period		21,830,107		–		95,696,999		122,551,123		57,856,206		39,943,614		4,891,234		4,476,639
Contract owners’ equity end of period	$	38,053,232		21,830,107		70,487,965		95,696,999		40,827,037		57,856,206		5,732,247		4,891,234
CHANGES IN UNITS:
Beginning units		2,097,865		–		6,422,082		8,998,545		5,044,302		3,808,514		210,317		260,253
Units purchased		2,362,729		2,379,981		394,517		23,004		3,330,694		3,621,782		28,428		10,359
Units redeemed		(1,201,984	)	(282,116	)	(2,188,776	)	(2,599,467	)	(4,920,000	)	(2,385,994	)	(69,892	)	(60,295	)
Ending units		3,258,610		2,097,865		4,627,823		6,422,082		3,454,996		5,044,302		168,853		210,317

(Continued)

50

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITEmMrkts3				NVITEmMrkts6				NVITGlUtl				NVITGlUtl3
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(626,289	)	(532,698	)	(23,638	)	(12,486	)	945		847		394,654		420,614
Realized gain (loss) on investments		15,729,937		12,605,318		125,918		63,861		3,538		2,082		3,689,978		698,996
Change in unrealized gain (lodss) on investments		16,119,031		15,693,153		383,323		203,944		(5,576	)	14,120		(4,768,299	)	5,750,416
Reinvested capital gains		13,372,601		1,161,183		200,259		12,226		15,057		4,227		6,370,089		2,056,144
Net increase (decrease) in contract owners’ equity resulting from operations		44,595,280		28,926,956		685,862		267,545		13,964		21,276		5,686,422		8,926,170
Equity transactions:
Purchase payments received from contract owners (note 3)		3,191,107		3,268,178		24,002		113,938		–		–		846,953		414,552
Transfers between funds		14,178,994		955,967		395,367		538,433		–		–		(5,175,825	)	9,984,626
Redemptions (note 3)		(19,619,437	)	(14,113,819	)	(56,108	)	(125,025	)	(7,663	)	(6,475	)	(5,608,395	)	(3,863,873	)
Annuity benefits		(80,825	)	(16,872	)	–		–		(1,441	)	(1,185	)	–		–
Annual contract maintenance charges (note 2)		(2,933	)	(1,992	)	–		–		1		–		(170	)	(126	)
Contingent deferred sales charges (note 2)		(112,508	)	(123,670	)	(223	)	(2,435	)	–		–		(25,888	)	(30,785	)
Adjustments to maintain reserves		6,817		38,607		(140	)	(137	)	510		328		3,065		7,814
Net equity transactions		(2,438,785	)	(9,993,601	)	362,898		524,774		(8,593	)	(7,332	)	(9,960,260	)	6,512,208
Net change in contract owners’ equity		42,156,495		18,933,355		1,048,760		792,319		5,371		13,944		(4,273,838	)	15,438,378
Contract owners’ equity beginning of period		114,212,156		95,278,801		1,391,052		598,733		74,779		60,835		38,016,144		22,577,766
Contract owners’ equity end of period	$	156,368,651		114,212,156		2,439,812		1,391,052		80,150		74,779		33,742,306		38,016,144
CHANGES IN UNITS:
Beginning units		4,406,546		4,965,345		68,138		39,305		3,870		4,277		2,128,548		1,719,422
Units purchased		2,958,266		2,909,379		29,338		48,032		–		–		1,137,005		1,285,064
Units redeemed		(3,187,552	)	(3,468,178	)	(13,777	)	(19,199	)	(382	)	(407	)	(1,676,209	)	(875,938	)
Ending units		4,177,260		4,406,546		83,699		68,138		3,488		3,870		1,589,344		2,128,548

(Continued)

51

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITIntGro				NVITIntGro3				NVITWLead				NVITWLead3
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(13,069	)	(1,021	)	(452,323	)	(53,522	)	(147,315	)	(60,631	)	(164,493	)	(50,550	)
Realized gain (loss) on investments		201,830		170,797		4,584,636		3,821,189		3,736,220		3,419,760		4,911,810		1,931,292
Change in unrealized gain (loss) on investments		53,521		218,990		3,640,331		5,268,623		(130,923	)	1,302,154		(1,154,698	)	1,443,477
Reinvested capital gains		131,528		3,378		4,775,572		84,223		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		373,810		392,144		12,548,216		9,120,513		3,457,982		4,661,283		3,592,619		3,324,219
Equity transactions:
Purchase payments received from contract owners (note 3)		23,404		15,942		1,410,321		1,497,952		56,298		59,390		851,787		443,388
Transfers between funds		(67,667	)	(44,591	)	12,832,867		16,447,868		(930,037	)	(1,583,663	)	688,161		1,724,828
Redemptions (note 3)		(255,657	)	(157,407	)	(8,405,872	)	(4,680,190	)	(4,895,338	)	(4,685,965	)	(3,258,390	)	(2,060,951	)
Annuity benefits		(3,959	)	(3,112	)	–		–		(4,737	)	(2,294	)	(3,670	)	(3,708	)
Annual contract maintenance charges (note 2)		(72	)	(75	)	(652	)	(394	)	(391	)	(438	)	(272	)	(182	)
Contingent deferred sales charges (note 2)		(1,463	)	(2,663	)	(40,746	)	(50,495	)	(5,756	)	(22,423	)	(15,072	)	(12,262	)
Adjustments to maintain reserves		340		483		2,284		13,433		4,908		4,793		(690	)	3,384
Net equity transactions		(305,074	)	(191,423	)	5,798,202		13,228,174		(5,775,053	)	(6,230,600	)	(1,738,146	)	94,497
Net change in contract owners’ equity		68,736		200,721		18,346,418		22,348,687		(2,317,071	)	(1,569,317	)	1,854,473		3,418,716
Contract owners’ equity beginning of period		1,501,271		1,300,550		46,790,507		24,441,820		20,944,078		22,513,395		16,303,122		12,884,406
Contract owners’ equity end of period	$	1,570,007		1,501,271		65,136,925		46,790,507		18,627,007		20,944,078		18,157,595		16,303,122
CHANGES IN UNITS:
Beginning units		121,194		138,198		2,362,026		1,621,932		1,244,511		1,665,870		716,442		703,872
Units purchased		17,772		16,605		1,699,486		2,073,825		114,545		3,994		762,925		419,176
Units redeemed		(38,653	)	(33,609	)	(1,448,670	)	(1,333,731	)	(428,124	)	(425,353	)	(806,557	)	(406,606	)
Ending units		100,313		121,194		2,612,842		2,362,026		930,932		1,244,511		672,810		716,442

(Continued)

52

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITGlFin				NVITGlFin3				NVITGlHlth				NVITGlHlth3
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	494		221		178,095		82,705		(1,201	)	(1,261	)	(285,034	)	(368,337	)
Realized gain (loss) on investments		1,209		1,703		(41,192	)	976,858		683		54		798,208		(195,716	)
Change in unrealized gain (loss) on investments		(5,539	)	446		(1,585,437	)	(209,404	)	9,708		2,566		1,522,666		860,717
Reinvested capital gains		3,540		3,740		1,298,784		1,505,785		1,990		–		485,018		–
Net increase (decrease) in contract owners’ equity resulting from operations		(296	)	6,110		(149,750	)	2,355,944		11,180		1,359		2,520,858		296,664
Equity transactions:
Purchase payments received from contract owners (note 3)		–		–		185,352		515,572		–		–		730,233		946,107
Transfers between funds		–		–		(2,571,964	)	(73,448	)	–		(797	)	(3,550,278	)	(4,162,397	)
Redemptions (note 3)		(1,368	)	(1,313	)	(1,935,752	)	(1,799,843	)	(3,207	)	(3,080	)	(3,738,102	)	(4,015,324	)
Annuity benefits		(6,913	)	(10,236	)	(226	)	–		(4,504	)	(4,342	)	(2,646	)	(2,719	)
Annual contract maintenance charges (note 2)		–		–		(97	)	(118	)	–		–		(537	)	(500	)
Contingent deferred sales charges (note 2)		–		–		(11,311	)	(18,814	)	–		–		(34,254	)	(41,653	)
Adjustments to maintain reserves		159		101		353		3,287		554		126		(428	)	536
Net equity transactions		(8,122	)	(11,448	)	(4,333,645	)	(1,373,364	)	(7,157	)	(8,093	)	(6,596,012	)	(7,275,950	)
Net change in contract owners’ equity		(8,418	)	(5,338	)	(4,483,395	)	982,580		4,023		(6,734	)	(4,075,154	)	(6,979,286	)
Contract owners’ equity beginning of period		32,372		37,710		12,967,114		11,984,534		97,832		104,566		25,787,194		32,766,480
Contract owners’ equity end of period	$	23,954		32,372		8,483,719		12,967,114		101,855		97,832		21,712,040		25,787,194
CHANGES IN UNITS:
Beginning units		1,731		2,396		674,775		740,148		7,575		8,212		1,954,346		2,518,573
Units purchased		–		–		290,942		652,190		–		–		583,689		692,790
Units redeemed		(420	)	(665	)	(514,426	)	(717,563	)	(517	)	(637	)	(1,068,461	)	(1,257,017	)
Ending units		1,311		1,731		451,291		674,775		7,058		7,575		1,469,574		1,954,346

(Continued)

53

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITGlTech				NVITGlTech3				NVITGvtBd				NVITGvtBd2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(22,752	)	(26,473	)	(175,925	)	(124,220	)	14,794,727		14,884,807		330,743		298,170
Realized gain (loss) on investments		95,422		(17,065	)	2,160,076		8,561		(9,152,537	)	(7,179,392	)	(169,817	)	(203,158	)
Change in unrealized gain (loss) on investments		261,196		237,683		371,664		1,194,051		20,496,127		(1,647,580	)	518,902		(54,664	)
Reinvested capital gains		–		–		–		–		–		4,089,356		–		116,491
Net increase (decrease) in contract owners’ equity resulting from operations		333,866		194,145		2,355,815		1,078,392		26,138,317		10,147,191		679,828		156,839
Equity transactions:
Purchase payments received from contract owners (note 3)		11,211		24,472		437,870		330,366		7,754,470		9,863,337		278,666		67,060
Transfers between funds		(259,332	)	(395,267	)	4,737,084		2,013,959		12,258,651		(13,946,978	)	(270,235	)	(330,450	)
Redemptions (note 3)		(238,333	)	(331,457	)	(1,926,675	)	(1,195,447	)	(87,555,211	)	(96,449,345	)	(1,120,240	)	(1,182,424	)
Annuity benefits		–		(1,259	)	(248	)	(202	)	(218,526	)	(286,401	)	(548	)	(753	)
Annual contract maintenance charges (note 2)		(154	)	(182	)	(401	)	(352	)	(6,533	)	(7,514	)	–		–
Contingent deferred sales charges (note 2)		(2,216	)	(4,219	)	(12,375	)	(15,892	)	(440,957	)	(775,276	)	(13,496	)	(17,528	)
Adjustments to maintain reserves		(98	)	154		(141	)	469		7,356		25,114		(769	)	(5,230	)
Net equity transactions		(488,922	)	(707,758	)	3,235,114		1,132,901		(68,200,750	)	(101,577,063	)	(1,126,622	)	(1,469,325	)
Net change in contract owners’ equity		(155,056	)	(513,613	)	5,590,929		2,211,293		(42,062,433	)	(91,429,872	)	(446,794	)	(1,312,486	)
Contract owners’ equity beginning of period		1,993,413		2,507,026		12,350,961		10,139,668		486,644,647		578,074,519		14,456,473		15,768,959
Contract owners’ equity end of period	$	1,838,357		1,993,413		17,941,890		12,350,961		444,582,214		486,644,647		14,009,679		14,456,473
CHANGES IN UNITS:
Beginning units		572,880		788,346		1,016,600		916,675		34,986,437		42,401,094		1,305,790		1,433,490
Units purchased		66,951		6,067		1,233,110		798,536		9,628,365		5,166,947		93,376		98,204
Units redeemed		(184,208	)	(221,533	)	(1,007,170	)	(698,611	)	(14,626,464	)	(12,581,604	)	(192,891	)	(225,904	)
Ending units		455,623		572,880		1,242,540		1,016,600		29,988,338		34,986,437		1,206,275		1,305,790

(Continued)

54

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITGrowth				NVITIntIdx8				NVITIntVal2				NVITIntVal3
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(560,757	)	(707,507	)	10,548		5,110		20		28		661,389		573,963
Realized gain (loss) on investments		9,137,544		2,338,198		107,203		10,218		115		89		5,244,748		3,000,126
Change in unrealized gain (loss) on investments		1,412,357		1,433,040		(92,487	)	108,512		(396	)	472		(9,243,878	)	5,471,388
Reinvested capital gains		–		–		5,820		–		339		307		5,392,480		4,327,033
Net increase (decrease) in contract owners’ equity resulting from operations		9,989,144		3,063,731		31,084		123,840		78		896		2,054,739		13,372,510
Equity transactions:
Purchase payments received from contract owners (note 3)		1,101,010		1,596,628		140,604		54,675		–		–		2,181,825		1,895,565
Transfers between funds		(246,017	)	(5,026,723	)	3,099,542		1,275,851		–		–		(12,767,681	)	17,355,746
Redemptions (note 3)		(14,494,175	)	(14,615,663	)	(288,943	)	(152,502	)	–		–		(12,372,041	)	(7,582,238	)
Annuity benefits		(11,732	)	(20,253	)	(7,397	)	(3,591	)	(391	)	(361	)	(166	)	(112	)
Annual contract maintenance charges (note 2)		(5,069	)	(6,045	)	(70	)	(16	)	–		–		(1,275	)	(1,067	)
Contingent deferred sales charges (note 2)		(39,491	)	(64,636	)	(400	)	(4,732	)	–		–		(49,027	)	(59,957	)
Adjustments to maintain reserves		887		1,065		(130	)	28		17		–		1,689		12,428
Net equity transactions		(13,694,587	)	(18,135,627	)	2,943,206		1,169,713		(374	)	(361	)	(23,006,676	)	11,620,365
Net change in contract owners’ equity		(3,705,443	)	(15,071,896	)	2,974,290		1,293,553		(296	)	535		(20,951,937	)	24,992,875
Contract owners’ equity beginning of period		62,462,882		77,534,778		1,293,553		–		5,000		4,465		83,146,605		58,153,730
Contract owners’ equity end of period	$	58,757,439		62,462,882		4,267,843		1,293,553		4,704		5,000		62,194,668		83,146,605
CHANGES IN UNITS:
Beginning units		8,225,494		10,681,078		115,357		–		290		313		3,773,123		3,202,480
Units purchased		1,800,142		579,285		356,635		138,008		–		–		985,628		1,957,589
Units redeemed		(3,496,926	)	(3,034,869	)	(109,663	)	(22,651	)	(21	)	(23	)	(1,986,575	)	(1,386,946	)
Ending units		6,528,710		8,225,494		362,329		115,357		269		290		2,772,176		3,773,123

(Continued)

55

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITIntVal6				NVITIDAgg2				NVITIDCon2				NVITIDMod2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	6,100		5,321		528,679		586,335		1,946,143		1,912,170		6,288,887		5,129,172
Realized gain (loss) on investments		84,515		83,169		5,232,588		2,269,706		712,853		1,796,995		22,968,208		12,094,944
Change in unrealized gain (loss) on investments		(222,087	)	132,008		(4,384,138	)	7,774,707		(1,154,118	)	169,994		(16,201,475	)	23,492,845
Reinvested capital gains		160,032		117,651		2,869,673		1,199,291		2,137,385		1,116,852		7,526,584		4,284,820
Net increase (decrease) in contract owners’ equity resulting from operations		28,560		338,149		4,246,802		11,830,039		3,642,263		4,996,011		20,582,204		45,001,781
Equity transactions:
Purchase payments received from contract owners (note 3)		21,073		187,804		4,435,568		5,183,365		1,900,442		2,473,516		17,472,080		24,071,094
Transfers between funds		105,586		615,237		(3,817,643	)	5,479,350		(3,814,977	)	4,851,772		8,655,693		22,750,985
Redemptions (note 3)		(193,607	)	(148,296	)	(13,549,574	)	(7,009,511	)	(18,535,673	)	(16,282,062	)	(78,960,103	)	(55,081,131	)
Annuity benefits		(28,012	)	(22,267	)	(102,809	)	(79,020	)	(99,552	)	(98,498	)	(844,708	)	(592,572	)
Annual contract maintenance charges (note 2)		–		15		(8,528	)	(7,368	)	(1,755	)	(1,802	)	(15,690	)	(13,505	)
Contingent deferred sales charges (note 2)		(1,079	)	(1,333	)	(123,802	)	(115,245	)	(99,752	)	(175,727	)	(577,915	)	(742,287	)
Adjustments to maintain reserves		963		(1,120	)	5,110		10,390		16,891		5,141		(4,936	)	52,080
Net equity transactions		(95,076	)	630,040		(13,161,678	)	3,461,961		(20,634,376	)	(9,227,660	)	(54,275,579	)	(9,555,336	)
Net change in contract owners’ equity		(66,516	)	968,189		(8,914,876	)	15,292,000		(16,992,113	)	(4,231,649	)	(33,693,375	)	35,446,445
Contract owners’ equity beginning of period		2,218,661		1,250,472		91,944,365		76,652,365		104,088,296		108,319,945		492,431,181		456,984,736
Contract owners’ equity end of period	$	2,152,145		2,218,661		83,029,489		91,944,365		87,096,183		104,088,296		458,737,806		492,431,181
CHANGES IN UNITS:
Beginning units		110,527		67,378		6,062,158		5,839,704		8,816,232		9,613,350		36,140,122		37,043,015
Units purchased		27,311		73,692		1,464,173		1,631,270		2,074,350		4,255,398		7,988,283		7,351,516
Units redeemed		(31,482	)	(30,543	)	(2,314,881	)	(1,408,816	)	(3,812,878	)	(5,052,516	)	(12,042,527	)	(8,254,409	)
Ending units		106,356		110,527		5,211,450		6,062,158		7,077,704		8,816,232		32,085,878		36,140,122

(Continued)

56

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITIDModAg2				NVITIDModCon2				NVITJPBal				NVITMdCpGr
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	2,509,602		2,296,878		2,826,909		2,496,408		1,127,629		1,431,578		(947,323	)	(1,092,405	)
Realized gain (loss) on investments		22,661,193		9,788,600		5,251,259		8,361,244		3,662,346		228,047		7,742,130		9,338,403
Change in unrealized gain (loss) on investments		(16,765,734	)	17,871,013		(4,965,806	)	(1,177,891	)	(3,740,415	)	11,927,208		(642,339	)	(1,322,709	)
Reinvested capital gains		5,502,011		3,386,151		4,415,215		2,387,079		3,289,990		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		13,907,072		33,342,642		7,527,577		12,066,840		4,339,550		13,586,833		6,152,468		6,923,289
Equity transactions:
Purchase payments received from contract owners (note 3)		11,395,537		15,773,831		4,175,121		7,155,150		2,009,863		3,066,012		2,042,825		2,135,040
Transfers between funds		(4,682,558	)	9,029,847		(1,317,891	)	(911,886	)	(4,696,096	)	(5,680,673	)	(3,820,690	)	(8,395,544	)
Redemptions (note 3)		(39,022,570	)	(28,186,292	)	(27,358,555	)	(25,359,570	)	(24,414,789	)	(25,190,775	)	(15,054,325	)	(12,572,303	)
Annuity benefits		(451,760	)	(320,643	)	(193,786	)	(184,348	)	(26,408	)	(43,682	)	(34,238	)	(25,783	)
Annual contract maintenance charges (note 2)		(18,492	)	(16,227	)	(4,378	)	(4,295	)	(2,117	)	(1,988	)	(3,379	)	(3,644	)
Contingent deferred sales charges (note 2)		(335,301	)	(362,313	)	(177,931	)	(302,259	)	(102,389	)	(150,460	)	(71,895	)	(138,521	)
Adjustments to maintain reserves		28,405		40,533		3,950		21,511		2,952		8,247		3,062		13,011
Net equity transactions		(33,086,739	)	(4,041,264	)	(24,873,470	)	(19,585,697	)	(27,228,984	)	(27,993,319	)	(16,938,640	)	(18,987,744	)
Net change in contract owners’ equity		(19,179,667	)	29,301,378		(17,345,893	)	(7,518,857	)	(22,889,434	)	(14,406,486	)	(10,786,172	)	(12,064,455	)
Contract owners’ equity beginning of period		286,962,478		257,661,100		175,822,868		183,341,725		127,156,109		141,562,595		81,354,223		93,418,678
Contract owners’ equity end of period	$	267,782,811		286,962,478		158,476,975		175,822,868		104,266,675		127,156,109		70,568,051		81,354,223
CHANGES IN UNITS:
Beginning units		19,708,022		20,208,078		13,785,352		15,406,649		10,363,591		12,798,198		5,554,033		6,941,684
Units purchased		4,870,676		3,810,710		2,478,057		4,314,861		1,342,810		755,019		1,329,194		1,406,289
Units redeemed		(7,141,070	)	(4,310,766	)	(4,383,960	)	(5,936,158	)	(3,511,539	)	(3,189,626	)	(2,417,118	)	(2,793,940	)
Ending units		17,437,628		19,708,022		11,879,449		13,785,352		8,194,862		10,363,591		4,466,109		5,554,033

(Continued)

57

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITMidCap				NVITMyMkt				NVITSmCapGr				NVITSmCapGr2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	333,619		(355,121	)	20,274,378		18,343,487		(898,552	)	(1,067,790	)	(23,927	)	(28,145	)
Realized gain (loss) on investments		37,048,582		17,125,767		–		–		8,161,996		5,098,643		119,760		376,949
Change in unrealized gain (loss) on investments		(26,131,509	)	3,869,428		–		–		(1,015,805	)	(2,526,008	)	(3,967	)	(300,576	)
Reinvested capital gains		7,824,153		4,296,884		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		19,074,845		24,936,958		20,274,378		18,343,487		6,247,639		1,504,845		91,866		48,228
Equity transactions:
Purchase payments received from contract owners (note 3)		5,460,727		7,954,095		70,206,073		55,182,523		1,210,213		1,753,935		7,616		35,249
Transfers between funds		(33,999,028	)	(16,999,823	)	318,245,844		200,147,154		(10,003,564	)	(5,122,612	)	(84,689	)	(540,501	)
Redemptions (note 3)		(48,754,417	)	(42,202,385	)	(344,730,412	)	(243,607,490	)	(12,856,650	)	(9,914,657	)	(144,635	)	(174,102	)
Annuity benefits		(113,457	)	(110,758	)	(532,430	)	(520,323	)	(30,576	)	(111,676	)	(36	)	(47	)
Annual contract maintenance charges (note 2)		(4,957	)	(5,532	)	(6,267	)	(6,371	)	(1,580	)	(1,937	)	–		–
Contingent deferred sales charges (note 2)		(287,462	)	(402,600	)	(1,395,164	)	(2,480,167	)	(67,961	)	(121,066	)	(2,235	)	(3,232	)
Adjustments to maintain reserves		(17,504	)	48,328		(134,134	)	(330,672	)	(1,740	)	9,389		(123	)	(226	)
Net equity transactions		(77,716,098	)	(51,718,675	)	41,653,510		8,384,654		(21,751,858	)	(13,508,624	)	(224,102	)	(682,859	)
Net change in contract owners’ equity		(58,641,253	)	(26,781,717	)	61,927,888		26,728,141		(15,504,219	)	(12,003,779	)	(132,236	)	(634,631	)
Contract owners’ equity beginning of period		291,146,176		317,927,893		546,018,777		519,290,636		80,914,127		92,917,906		1,373,645		2,008,276
Contract owners’ equity end of period	$	232,504,923		291,146,176		607,946,665		546,018,777		65,409,908		80,914,127		1,241,409		1,373,645
CHANGES IN UNITS:
Beginning units		12,312,327		14,674,682		45,891,908		45,063,953		5,120,028		5,993,892		122,637		180,755
Units purchased		2,067,422		2,237,020		86,996,574		64,145,669		1,572,146		1,568,605		7,090		18,385
Units redeemed		(5,099,621	)	(4,599,375	)	(83,665,158	)	(63,317,714	)	(2,894,092	)	(2,442,469	)	(26,594	)	(76,503	)
Ending units		9,280,128		12,312,327		49,223,324		45,891,908		3,798,082		5,120,028		103,133		122,637

(Continued)

58

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITSmCapVal				NVITSmCapVal2				NVITSmComp				NVITSmComp2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(441,486	)	(2,998,861	)	(27,352	)	(54,295	)	(3,285,226	)	(3,736,508	)	(99,773	)	(93,539	)
Realized gain (loss) on investments		28,370,249		46,262,192		260,703		333,537		31,945,808		26,492,778		330,600		244,364
Change in unrealized gain (loss) on investments		(86,190,696	)	(15,282,920	)	(886,443	)	(70,190	)	(62,880,047	)	4,581,599		(940,028	)	237,282
Reinvested capital gains		36,827,953		27,764,788		393,171		268,583		39,992,698		6,624,822		732,961		100,845
Net increase (decrease) in contract owners’ equity resulting from operations		(21,433,980	)	55,745,199		(259,921	)	477,635		5,773,233		33,962,691		23,760		488,952
Equity transactions:
Purchase payments received from contract owners (note 3)		6,344,608		7,054,419		16,475		66,115		5,413,326		7,604,881		33,095		103,150
Transfers between funds		(43,604,852	)	(42,557,186	)	(167,478	)	(67,403	)	(26,284,307	)	(19,986,091	)	(133,809	)	(8,027	)
Redemptions (note 3)		(55,855,320	)	(54,197,597	)	(453,389	)	(316,317	)	(55,465,119	)	(47,777,545	)	(434,891	)	(295,277	)
Annuity benefits		(75,493	)	(87,430	)	(90	)	(119	)	(171,791	)	(86,966	)	–		–
Annual contract maintenance charges (note 2)		(6,608	)	(8,367	)	–		–		(5,341	)	(6,387	)	–		–
Contingent deferred sales charges (note 2)		(310,383	)	(472,656	)	(8,566	)	(5,125	)	(249,745	)	(350,749	)	(4,520	)	(4,243	)
Adjustments to maintain reserves		(19,981	)	54,591		(231	)	(516	)	193,830		27,578		(172	)	(363	)
Net equity transactions		(93,528,029	)	(90,214,226	)	(613,279	)	(323,365	)	(76,569,147	)	(60,575,279	)	(540,297	)	(204,760	)
Net change in contract owners’ equity		(114,962,009	)	(34,469,027	)	(873,200	)	154,270		(70,795,914	)	(26,612,588	)	(516,537	)	284,192
Contract owners’ equity beginning of period		360,599,147		395,068,174		3,514,769		3,360,499		325,393,805		352,006,393		5,311,628		5,027,436
Contract owners’ equity end of period	$	245,637,138		360,599,147		2,641,569		3,514,769		254,597,891		325,393,805		4,795,091		5,311,628
CHANGES IN UNITS:
Beginning units		12,096,038		15,479,024		241,778		265,601		12,928,900		15,568,695		350,572		364,034
Units purchased		1,460,932		2,027,865		15,859		32,656		2,239,661		1,933,277		21,067		37,126
Units redeemed		(4,534,160	)	(5,410,851	)	(57,980	)	(56,479	)	(5,068,569	)	(4,573,072	)	(55,190	)	(50,588	)
Ending units		9,022,810		12,096,038		199,657		241,778		10,099,992		12,928,900		316,449		350,572

(Continued)

59

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITNWFund				NVITNWFund2				NVITNWLead				NVITNWLead3
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(266,632	)	(162,150	)	(21,622	)	(24,369	)	(8	)	(16	)	(49,886	)	(82,168	)
Realized gain (loss) on investments		13,316,929		4,104,977		393,750		107,028		67		52		279,175		219,098
Change in unrealized gain (loss) on investments		(5,224,104	)	36,768,561		(327,029	)	153,860		(259	)	195		(1,006,313	)	580,311
Reinvested capital gains		15,331,331		–		80,403		–		587		296		2,477,702		1,584,435
Net increase (decrease) in contract owners’ equity resulting from operations		23,157,524		40,711,388		125,502		236,519		387		527		1,700,678		2,301,676
Equity transactions:
Purchase payments received from contract owners (note 3)		4,441,328		6,609,502		95,873		3,090		–		–		533,643		467,542
Transfers between funds		(10,375,547	)	(18,857,429	)	(290,908	)	(79,667	)	–		–		(5,391,007	)	7,071,469
Redemptions (note 3)		(76,550,981	)	(68,450,428	)	(666,006	)	(87,479	)	–		–		(2,711,758	)	(2,319,547	)
Annuity benefits		(159,362	)	(154,951	)	–		–		(402	)	(369	)	–		–
Annual contract maintenance charges (note 2)		(14,233	)	(16,142	)	–		–		–		–		(227	)	(190	)
Contingent deferred sales charges (note 2)		(200,528	)	(338,868	)	(487	)	(619	)	–		–		(14,007	)	(19,811	)
Adjustments to maintain reserves		10,020		37,047		(140	)	(193	)	53		46		26		2,528
Net equity transactions		(82,849,303	)	(81,171,269	)	(861,668	)	(164,868	)	(349	)	(323	)	(7,583,330	)	5,201,991
Net change in contract owners’ equity		(59,691,779	)	(40,459,881	)	(736,166	)	71,651		38		204		(5,882,652	)	7,503,667
Contract owners’ equity beginning of period		341,193,971		381,653,852		2,282,112		2,210,461		3,997		3,793		21,591,447		14,087,780
Contract owners’ equity end of period	$	281,502,192		341,193,971		1,545,946		2,282,112		4,035		3,997		15,708,795		21,591,447
CHANGES IN UNITS:
Beginning units		23,824,168		29,996,004		181,993		195,744		263		286		1,305,544		974,521
Units purchased		2,595,950		997,896		47,770		9,937		–		–		527,892		774,612
Units redeemed		(8,117,332	)	(7,169,732	)	(113,952	)	(23,688	)	(22	)	(23	)	(978,735	)	(443,589	)
Ending units		18,302,786		23,824,168		115,811		181,993		241		263		854,701		1,305,544

(Continued)

60

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NVITUSGro				NVITUSGro3				NVITVKVal				NVITMltSec
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(5,678	)	(5,054	)	(250,759	)	(263,471	)	382,521		414,842		3,875,973		4,442,646
Realized gain (loss) on investments		6,946		3,529		605,851		(623,692	)	5,719,223		7,607,418		2,640,455		2,036,608
Change in unrealized gain (loss) on investments		71,502		(17,661	)	3,420,371		(272,044	)	(11,385,657	)	118,812		(1,824,280	)	(1,380,336	)
Reinvested capital gains		–		7,988		–		443,038		3,329,273		4,061,342		7,186		359,552
Net increase (decrease) in contract owners’ equity resulting from operations		72,770		(11,198	)	3,775,463		(716,169	)	(1,954,640	)	12,202,414		4,699,334		5,458,470
Equity transactions:
Purchase payments received from contract owners (note 3)		59,283		156,478		455,305		554,081		2,305,820		2,866,074		2,396,745		2,996,581
Transfers between funds		(37,155	)	9,214		(3,057,228	)	(1,656,283	)	(3,153,122	)	959,362		2,897,593		(1,423,531	)
Redemptions (note 3)		(7,500	)	(17,451	)	(4,044,052	)	(3,340,177	)	(18,153,363	)	(13,171,426	)	(28,337,908	)	(26,514,466	)
Annuity benefits		(28,023	)	(23,626	)	–		–		(69,205	)	(63,858	)	(54,208	)	(59,251	)
Annual contract maintenance charges (note 2)		1		–		(307	)	(340	)	(1,898	)	(1,774	)	(991	)	(1,108	)
Contingent deferred sales charges (note 2)		–		–		(18,126	)	(34,545	)	(61,616	)	(108,182	)	(110,595	)	(166,537	)
Adjustments to maintain reserves		1,397		1,133		(731	)	1,007		5,360		8,770		5,867		7,894
Net equity transactions		(11,997	)	125,748		(6,665,139	)	(4,476,257	)	(19,128,024	)	(9,511,034	)	(23,203,497	)	(25,160,418	)
Net change in contract owners’ equity		60,773		114,550		(2,889,676	)	(5,192,426	)	(21,082,664	)	2,691,380		(18,504,163	)	(19,701,948	)
Contract owners’ equity beginning of period		430,940		316,390		22,390,777		27,583,203		91,808,945		89,117,565		153,077,609		172,779,557
Contract owners’ equity end of period	$	491,713		430,940		19,501,101		22,390,777		70,726,281		91,808,945		134,573,446		153,077,609
CHANGES IN UNITS:
Beginning units		30,749		21,415		1,642,957		1,991,805		6,614,484		7,349,707		10,669,793		12,458,176
Units purchased		5,909		11,188		485,930		764,045		1,786,524		1,951,256		3,050,774		2,208,027
Units redeemed		(7,244	)	(1,854	)	(946,036	)	(1,112,893	)	(3,147,863	)	(2,686,479	)	(4,695,173	)	(3,996,410	)
Ending units		29,414		30,749		1,182,851		1,642,957		5,253,145		6,614,484		9,025,394		10,669,793

(Continued)

61

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NBTAFasc				NBTAFocus			NBTAGuard				NBTAInt
Investment activity:		2007		2006		2007	2006		2007		2006		2007		2006
Net investment income (loss)	$	(33,510	)	(28,551	)	–	(10,575	)	(835,454	)	(561,786	)	78,022		(9,860	)
Realized gain (loss) on investments		190,757		117,838		–	14,196		11,077,742		6,155,170		599,542		(15,210	)
Change in unrealized gain (loss) on investments		(275,464	)	(71,415	)	–	(44,424	)	(4,644,578	)	5,582,720		(1,537,487	)	567,011
Reinvested capital gains		25,520		41,931		–	77,524		–		–		768,457		39,325
Net increase (decrease) in contract owners’ equity resulting from operations		(92,697	)	59,803		–	36,721		5,597,710		11,176,104		(91,466	)	581,266
Equity transactions:
Purchase payments received from contract owners (note 3)		33,565		37,448		–	60,591		1,383,106		1,986,818		678,272		185,185
Transfers between funds		402,122		84,142		–	(819,370	)	(6,082,890	)	(8,059,576	)	8,126,129		5,103,133
Redemptions (note 3)		(198,158	)	(187,687	)	–	(91,756	)	(16,304,293	)	(17,129,617	)	(1,548,327	)	(76,004	)
Annuity benefits		(6,166	)	(7,290	)	–	–		(13,365	)	(13,485	)	(2,884	)	(2,838	)
Annual contract maintenance charges (note 2)		(12	)	–		–	–		(1,721	)	(1,873	)	(216	)	(11	)
Contingent deferred sales charges (note 2)		(1,437	)	(3,506	)	–	(2,110	)	(64,098	)	(127,641	)	(12,463	)	(1,110	)
Adjustments to maintain reserves		(43	)	42		–	(91	)	2,039		10,208		(2,661	)	1,043
Net equity transactions		229,871		(76,851	)	–	(852,736	)	(21,081,222	)	(23,335,166	)	7,237,850		5,209,398
Net change in contract owners’ equity		137,174		(17,048	)	–	(816,015	)	(15,483,512	)	(12,159,062	)	7,146,384		5,790,664
Contract owners’ equity beginning of period		1,623,099		1,640,147		–	816,015		95,838,148		107,997,210		5,800,126		9,462
Contract owners’ equity end of period	$	1,760,273		1,623,099		–	–		80,354,636		95,838,148		12,946,510		5,800,126
CHANGES IN UNITS:
Beginning units		118,814		117,937		–	39,503		5,156,402		6,511,626		506,394		812
Units purchased		281,364		29,696		–	6,076		744,063		456,670		1,216,731		556,197
Units redeemed		(262,046	)	(28,819	)	–	(45,579	)	(1,868,040	)	(1,811,894	)	(601,952	)	(50,615	)
Ending units		138,132		118,814		–	–		4,032,425		5,156,402		1,121,173		506,394

(Continued)

62

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		NBTAMCGr				NBTAPart				NBTARegS				NBTSocRes
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(2,041,586	)	(2,148,361	)	(830,324	)	(864,663	)	(48,746	)	(5,570	)	(183,056	)	(81,126	)
Realized gain (loss) on investments		29,055,056		22,047,085		18,937,332		23,830,691		567,234		(9,251	)	531,346		287,189
Change in unrealized gain (loss) on investments		6,324,263		1,836,406		(20,218,940	)	(25,016,481	)	(696,613	)	170,120		483,657		652,405
Reinvested capital gains		–		–		13,518,440		17,938,790		161,041		230,803		59,366		73,803
Net increase (decrease) in contract owners’ equity resulting from operations		33,337,733		21,735,130		11,406,508		15,888,337		(17,084	)	386,102		891,313		932,271
Equity transactions:
Purchase payments received from contract owners (note 3)		2,547,179		3,405,894		2,332,226		5,505,036		252,513		94,964		998,553		605,724
Transfers between funds		(7,882,512	)	(11,477,487	)	(14,746,424	)	(14,857,738	)	1,465,865		4,448,313		7,328,269		5,916,753
Redemptions (note 3)		(34,663,487	)	(25,190,020	)	(28,474,461	)	(28,190,128	)	(763,648	)	(64,475	)	(2,900,495	)	(801,760	)
Annuity benefits		(37,750	)	(34,264	)	(13,978	)	(13,349	)	(18,761	)	(8,437	)	(8,158	)	(6,503	)
Annual contract maintenance charges (note 2)		(3,928	)	(4,460	)	(2,142	)	(2,076	)	(84	)	(11	)	(541	)	(189	)
Contingent deferred sales charges (note 2)		(134,352	)	(240,045	)	(112,940	)	(160,526	)	(3,889	)	(234	)	(16,468	)	(8,075	)
Adjustments to maintain reserves		7,761		35,494		1,082		16,118		(53	)	109		(647	)	906
Net equity transactions		(40,167,089	)	(33,504,888	)	(41,016,637	)	(37,702,663	)	931,943		4,470,229		5,400,513		5,706,856
Net change in contract owners’ equity		(6,829,356	)	(11,769,758	)	(29,610,129	)	(21,814,326	)	914,859		4,856,331		6,291,826		6,639,127
Contract owners’ equity beginning of period		167,835,746		179,605,504		158,998,517		180,812,843		4,957,710		101,379		11,459,981		4,820,854
Contract owners’ equity end of period	$	161,006,390		167,835,746		129,388,388		158,998,517		5,872,569		4,957,710		17,751,807		11,459,981
CHANGES IN UNITS:
Beginning units		8,624,822		10,420,932		9,274,134		11,757,754		461,292		8,773		801,737		380,100
Units purchased		2,266,136		1,503,877		1,928,346		3,147,233		634,092		532,590		995,102		877,835
Units redeemed		(4,192,481	)	(3,299,987	)	(4,186,819	)	(5,630,853	)	(558,687	)	(80,071	)	(601,030	)	(456,198	)
Ending units		6,698,477		8,624,822		7,015,661		9,274,134		536,697		461,292		1,195,809		801,737

(Continued)

63

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		OppCapApS				OppCapAp				OppGlSec3				OppGlSec
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(118,426	)	(107,563	)	(3,320,850	)	(3,204,627	)	339,641		(469,840	)	245,502		(357,494	)
Realized gain (loss) on investments		363,580		412,117		23,295,136		10,427,322		21,827,487		14,612,589		21,072,192		18,336,167
Change in unrealized gain (loss) on investments		469,333		61,508		22,322,044		16,689,140		(21,611,082	)	7,777,675		(20,856,397	)	(755,888	)
Reinvested capital gains		–		–		–		–		11,309,263		12,293,642		8,738,887		10,068,472
Net increase (decrease) in contract owners’ equity resulting from operations		714,487		366,062		42,296,330		23,911,835		11,865,309		34,214,066		9,200,184		27,291,257
Equity transactions:
Purchase payments received from contract owners (note 3)		121,650		133,880		6,277,396		9,353,193		8,086,350		9,935,846		434,629		500,193
Transfers between funds		(211,389	)	(435,630	)	(33,122,503	)	(44,819,837	)	(20,082,233	)	(960,092	)	(14,064,896	)	(13,693,794	)
Redemptions (note 3)		(442,515	)	(674,643	)	(59,145,457	)	(57,469,549	)	(33,627,276	)	(28,008,988	)	(22,562,633	)	(20,006,578	)
Annuity benefits		(591	)	(726	)	(174,926	)	(200,601	)	(53,230	)	(33,297	)	(140,663	)	(68,452	)
Annual contract maintenance charges (note 2)		–		–		(10,347	)	(12,399	)	(4,298	)	(3,745	)	(1,306	)	(2,017	)
Contingent deferred sales charges (note 2)		(6,989	)	(9,493	)	(299,975	)	(454,472	)	(189,900	)	(231,361	)	(125,496	)	(177,401	)
Adjustments to maintain reserves		(915	)	(2,585	)	(19,254	)	32,837		(8,649	)	38,099		204,936		40,791
Net equity transactions		(540,749	)	(989,197	)	(86,495,066	)	(93,570,828	)	(45,879,236	)	(19,263,538	)	(36,255,429	)	(33,407,258	)
Net change in contract owners’ equity		173,738		(623,135	)	(44,198,736	)	(69,658,993	)	(34,013,927	)	14,950,528		(27,055,245	)	(6,116,001	)
Contract owners’ equity beginning of period		6,440,258		7,063,393		359,605,172		429,264,165		235,765,871		220,815,343		181,248,344		187,364,345
Contract owners’ equity end of period	$	6,613,996		6,440,258		315,406,436		359,605,172		201,751,944		235,765,871		154,193,099		181,248,344
CHANGES IN UNITS:
Beginning units		561,578		651,152		21,906,532		28,080,385		10,676,504		11,634,927		11,724,356		14,093,591
Units purchased		30,420		41,543		2,461,251		1,474,498		1,951,015		2,600,533		933,209		57,920
Units redeemed		(76,381	)	(131,117	)	(7,350,592	)	(7,648,351	)	(3,953,488	)	(3,558,956	)	(2,895,912	)	(2,427,155	)
Ending units		515,617		561,578		17,017,191		21,906,532		8,674,031		10,676,504		9,761,653		11,724,356

(Continued)

64

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		OppGlSecS				OppHighInc3			OppHighInc				OppHighIncS
Investment activity:		2007		2006		2007		2006	2007		2006		2007		2006
Net investment income (loss)	$	(47,643	)	(64,989	)	(12,462	)	–	152,772		(13,704	)	12,300		15,342
Realized gain (loss) on investments		479,556		622,041		(20,706	)	–	10,353		26,596		(5,318	)	(9,822	)
Change in unrealized gain (loss) on investments		(482,044	)	21,594		(37,536	)	–	(147,534	)	110,597		(10,954	)	7,677
Reinvested capital gains		332,750		363,311		–		–	–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		282,619		941,957		(70,704	)	–	15,591		123,489		(3,972	)	13,197
Equity transactions:
Purchase payments received from contract owners (note 3)		47,601		–		171,700		–	165,663		57,239		1		3,789
Transfers between funds		(297,816	)	(674,731	)	1,813,781		–	(718,229	)	2,330,552		17,153		(95,481	)
Redemptions (note 3)		(482,722	)	(512,544	)	(160,801	)	–	(519,758	)	(103,754	)	(3,574	)	(3,577	)
Annuity benefits .		(2,727	)	–		–		–	–		–		(25,728	)	(25,609	)
Annual contract maintenance charges (note 2)		–		–		(3	)	–	(24	)	(8	)	–		–
Contingent deferred sales charges (note 2)		(5,689	)	(7,507	)	(985	)	–	(357	)	(443	)	–		–
Adjustments to maintain reserves		218		(500	)	(44	)	–	(62	)	12		809		685
Net equity transactions		(741,135	)	(1,195,282	)	1,823,648		–	(1,072,767	)	2,283,598		(11,339	)	(120,193	)
Net change in contract owners’ equity		(458,516	)	(253,325	)	1,752,944		–	(1,057,176	)	2,407,087		(15,311	)	(106,996	)
Contract owners’ equity beginning of period		6,740,600		6,993,925		–		–	2,407,087		–		143,303		250,299
Contract owners’ equity end of period	$	6,282,084		6,740,600		1,752,944		–	1,349,911		2,407,087		127,992		143,303
CHANGES IN UNITS:
Beginning units		416,735		497,633		–		–	225,947		–		11,906		22,431
Units purchased		1		–		275,803		–	215,299		367,550		1,534		330
Units redeemed		(46,425	)	(80,898	)	(92,846	)	–	(312,972	)	(141,603	)	(2,620	)	(10,855	)
Ending units		370,311		416,735		182,957		–	128,274		225,947		10,820		11,906

(Continued)

65

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		OppMStSCap				OppMStSCapS				OppMSt				OppMStS
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(103,193	)	(28,306	)	(2,333	)	(2,297	)	(504,309	)	(144,571	)	(86,815	)	(69,992	)
Realized gain (loss) on investments		564,999		1,989		7,112		5,286		17,703,416		3,023,872		453,823		414,245
Change in unrealized gain (loss) on investments		(1,360,991	)	519,827		(16,502	)	15,073		(5,699,597	)	39,498,562		(152,918	)	707,013
Reinvested capital gains		305,134		–		7,442		5,533		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		(594,051	)	493,510		(4,281	)	23,595		11,499,510		42,377,863		214,090		1,051,266
Equity transactions:
Purchase payments received from contract owners (note 3)		561,330		279,918		3,250		25,076		5,107,934		6,276,803		82,477		106,953
Transfers between funds		5,974,508		6,424,758		1,012		14,629		(14,580,448	)	(14,770,046	)	(115,776	)	(302,473	)
Redemptions (note 3)		(1,669,503	)	(108,805	)	(9,487	)	(8,778	)	(60,933,569	)	(49,018,474	)	(613,701	)	(584,968	)
Annuity benefits .		–		–		(12,645	)	(10,726	)	(111,431	)	(101,764	)	–		–
Annual contract maintenance charges (note 2)		(160	)	(8	)	–		–		(5,241	)	(5,965	)	–		–
Contingent deferred sales charges (note 2)		(4,995	)	(267	)	–		–		(280,459	)	(499,623	)	(4,494	)	(6,676	)
Adjustments to maintain reserves .		(519	)	179		536		348		13,585		42,092		(201	)	(409	)
Net equity transactions		4,860,661		6,595,775		(17,334	)	20,549		(70,789,629	)	(58,076,977	)	(651,695	)	(787,573	)
Net change in contract owners’ equity		4,266,610		7,089,285		(21,615	)	44,144		(59,290,119	)	(15,699,114	)	(437,605	)	263,693	)
Contract owners’ equity beginning of period		7,089,285		–		211,533		167,389		331,229,480		346,928,594		8,944,319		8,680,626
Contract owners’ equity end of period	$	11,355,895		7,089,285		189,918		211,533		271,939,361		331,229,480		8,506,714		8,944,319
CHANGES IN UNITS:
Beginning units		660,025		–		14,220		12,741		23,057,427		27,537,079		714,818		782,227
Units purchased		1,191,977		757,122		264		1,966		4,114,868		1,600,007		38,789		41,046
Units redeemed		(743,345	)	(97,097	)	(1,372	)	(487	)	(8,698,651	)	(6,079,659	)	(89,175	)	(108,455	)
Ending units		1,108,657		660,025		13,112		14,220		18,473,644		23,057,427		664,432		714,818

(Continued)

66

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		OppMidCap				OppStratBdS				PVITRealRet				PVITTotRet
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(1,870,510	)	(2,311,117	)	91,649		98,251		23,833		11,644		13,037		3,171
Realized gain (loss) on investments		19,281,977		24,087,576		112,129		83,883		(6,026	)	(193	)	2,311		2,648
Change in unrealized gain (loss) on investments		(8,471,023	)	(18,181,537	)	241,735		73,209		37,674		(22,127	)	13,637		236
Reinvested capital gains		–		–		–		–		1,346		19,369		–		917
Net increase (decrease) in contract owners’ equity resulting from operations		8,940,444		3,594,922		445,513		255,343		56,827		8,693		28,985		6,972
Equity transactions:
Purchase payments received from contract owners (note 3)		3,839,629		5,438,643		226,721		159,247		61,091		31,297		52,049		3,328
Transfers between funds		(15,715,410	)	(29,279,257	)	660,896		1,087,406		(274,221	)	750,508		158,654		215,835
Redemptions (note 3)		(32,490,201	)	(26,860,995	)	(421,753	)	(469,217	)	(325,015	)	(35,516	)	(84,220	)	(4,784	)
Annuity benefits .		(11,118	)	(10,439	)	–		–		–		–		–		–
Annual contract maintenance charges (note 2)		(10,723	)	(12,921	)	–		–		(64	)	(21	)	(9	)	(2	)
Contingent deferred sales charges (note 2)		(144,869	)	(281,868	)	(5,125	)	(2,598	)	–		(21	)	–		–
Adjustments to maintain reserves .		981		13,554		(138	)	(246	)	4,827		206		(43	)	99
Net equity transactions		(44,531,711	)	(50,993,283	)	460,601		774,592		(533,382	)	746,453		126,431		214,476
Net change in contract owners’ equity		(35,591,267	)	(47,398,361	)	906,114		1,029,935		(476,555	)	755,146		155,416		221,448
Contract owners’ equity beginning of period		171,517,701		218,916,062		5,583,752		4,553,817		755,146		–		221,448		–
Contract owners’ equity end of period	$	135,926,434		171,517,701		6,489,866		5,583,752		278,591		755,146		376,864		221,448
CHANGES IN UNITS:
Beginning units		11,328,404		14,779,566		418,884		360,341		74,407		–		21,396		–
Units purchased		1,977,736		1,097,468		94,813		118,995		43,913		90,401		36,096		38,737
Units redeemed		(4,669,727	)	(4,548,630	)	(61,032	)	(60,452	)	(93,237	)	(15,994	)	(23,644	)	(17,341	)
Ending units		8,636,413		11,328,404		452,665		418,884		25,083		74,407		33,848		21,396

(Continued)

67

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		PVTGroInc				RCFMicroCap				SBLGlob				SBLMidCapGr
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	1		85		3,097		(267	)	(1,810	)	(498	)	(669	)	(125	)
Realized gain (loss) on investments		1,989		1,322		7,154		934		9,856		24		1,271		1
Change in unrealized gain (loss) on investments		(8,685	)	2,738		(53,353	)	5,510		3,230		14,481		(8,246	)	2,538
Reinvested capital gains		4,735		848		39,215		6,176		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		(1,960	)	4,993		(3,887	)	12,353		11,276		14,007		(7,644	)	2,414
Equity transactions:
Purchase payments received from contract owners (note 3)		–		–		158,327		20,235		26,732		3,999		7,641		2,170
Transfers between funds		–		–		212,644		110,313		118,881		101,094		3,848		53,354
Redemptions (note 3)		(8,256	)	(7,458	)	(27,884	)	(13,919	)	(84,802	)	–		(1,602	)	–
Annuity benefits		–		–		–		–		–		–		–		–
Annual contract maintenance charges (note 2)		–		–		(123	)	(19	)	(37	)	(9	)	(8	)	(5	)
Contingent deferred sales charges (note 2)		–		–		(99	)	–		(109	)	–		–		–
Adjustments to maintain reserves		170		152		(72	)	19		(62	)	(8	)	(40	)	21
Net equity transactions		(8,086	)	(7,306	)	342,793		116,629		60,603		105,076		9,839		55,540
Net change in contract owners’ equity		(10,046	)	(2,313	)	338,906		128,982		71,879		119,083		2,195		57,954
Contract owners’ equity beginning of period		38,143		40,456		128,982		–		119,083		–		57,954		–
Contract owners’ equity end of period	$	28,097		38,143		467,888		128,982		190,962		119,083		60,149		57,954
CHANGES IN UNITS:
Beginning units		2,742		3,329		11,724		–		10,257		–		5,632		–
Units purchased		–		–		43,356		14,644		9,873		10,960		5,025		7,199
Units redeemed		(565	)	(587	)	(13,702	)	(2,920	)	(4,847	)	(703	)	(4,055	)	(1,567	)
Ending units		2,177		2,742		41,378		11,724		15,283		10,257		6,602		5,632

(Continued)

68

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		SBLAsAlloc				SBLEqInc				SBLHighYld				SBLSmCapVal
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(1,565	)	(359	)	(2,820	)	(577	)	(5,333	)	(2,305	)	(4,387	)	(718	)
Realized gain (loss) on investments		5,757		5,099		18,038		292		35,562		1,129		4,480		10
Change in unrealized gain (loss) on investments		(4,569	)	2,191		(13,238	)	14,101		(23,113	)	29,257		16,405		12,898
Reinvested capital gains		–		–		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		(377	)	6,931		1,980		13,816		7,116		28,081		16,498		12,190
Equity transactions:
Purchase payments received from contract owners (note 3)		21,066		5,648		45,498		7,124		51,986		17,381		176,666		19,205
Transfers between funds		148,997		52,041		247,152		137,971		(73,886	)	588,535		255,046		158,419
Redemptions (note 3)		(109,777	)	–		(162,739	)	–		(156,035	)	(24,758	)	(24,723	)	–
Annuity benefits		–		–		–		–		–		–		–		–
Annual contract maintenance charges (note 2)		(57	)	(3	)	(41	)	(1	)	(52	)	(12	)	(87	)	(10	)
Contingent deferred sales charges (note 2)		(312	)	–		(116	)	–		–		(20	)	(164	)	–
Adjustments to maintain reserves		2,016		29		(86	)	(10	)	(27	)	35		(180	)	(56	)
Net equity transactions		61,933		57,715		129,668		145,084		(178,014	)	581,161		406,558		177,558
Net change in contract owners’ equity		61,556		64,646		131,648		158,900		(170,898	)	609,242		423,056		189,748
Contract owners’ equity beginning of period		64,646		–		158,900		–		609,242		–		189,748		–
Contract owners’ equity end of period	$	126,202		64,646		290,548		158,900		438,344		609,242		612,804		189,748
CHANGES IN UNITS:
Beginning units		5,872		–		13,985		–		57,506		–		17,623		–
Units purchased		31,951		11,133		22,577		14,232		35,310		65,669		50,680		17,650
Units redeemed		(26,891	)	(5,261	)	(11,412	)	(247	)	(51,842	)	(8,163	)	(16,081	)	(27	)
Ending units		10,932		5,872		25,150		13,985		40,974		57,506		52,222		17,623

(Continued)

69

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		SBLMidCapVal				SBLSmCapGr				SBLSel25				TRoeBlChip2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(11,825	)	(1,817	)	(14	)	(2	)	(71	)	(62	)	(198,182	)	(28,146	)
Realized gain (loss) on investments		29,869		842		159		11		813		1		1,159,924		23,073
Change in unrealized gain (loss) on investments		(67,141	)	33,110		(60	)	41		(1,017	)	1,125		1,060,069		1,279,014
Reinvested capital gains		–		–		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		(49,097	)	32,135		85		50		(275	)	1,064		2,021,811		1,273,941
Equity transactions:
Purchase payments received from contract owners (note 3)		354,059		50,283		5,458		2,856		3,177		1,281		625,835		253,126
Transfers between funds		729,003		447,552		(4,842	)	(2,065	)	(9,644	)	9,869		6,994,393		14,277,070
Redemptions (note 3)		(156,138	)	(14,299	)	(10	)	–		–		–		(2,479,531	)	(367,899	)
Annuity benefits		–		–		–		–		–		–		(17,614	)	(3,450	)
Annual contract maintenance charges (note 2)		(234	)	(38	)	(1	)	(1	)	(4	)	–		(84	)	(4	)
Contingent deferred sales charges (note 2)		(185	)	–		–		–		–		–		(12,151	)	(207	)
Adjustments to maintain reserves		–		(77	)	35		(4	)	–		(2	)	761		424
Net equity transactions		926,505		483,421		640		786		(6,471	)	11,148		5,111,609		14,159,060
Net change in contract owners’ equity		877,408		515,556		725		836		(6,746	)	12,212		7,133,420		15,433,001
Contract owners’ equity beginning of period		515,556		–		836		–		12,212		–		15,481,643		48,642
Contract owners’ equity end of period	$	1,392,964		515,556		1,561		836		5,466		12,212		22,615,063		15,481,643
CHANGES IN UNITS:
Beginning units		48,041		–		81		–		1,127		–		1,416,705		4,351
Units purchased		136,051		51,790		187		104		110		1,127		1,349,612		1,511,835
Units redeemed		(55,254	)	(3,749	)	(123	)	(23	)	(692	)	–		(921,949	)	(99,481	)
Ending units		128,838		48,041		145		81		545		1,127		1,844,368		1,416,705

(Continued)

70

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		TRowEqInc2				TRowLtdTBd2				DrySRGro				DrySRGroS
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	74,112		34,742		143,811		36,754		(510,988	)	(1,040,168	)	(3,240	)	(4,699	)
Realized gain (loss) on investments		824,754		198,939		27,283		631		2,628,807		(7,754,082	)	8,323		23,931
Change in unrealized gain (loss) on investments		(2,124,100	)	937,768		37,028		21,135		3,695,392		16,203,587		6,409		(4,386	)
Reinvested capital gains		1,402,463		379,955		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		177,229		1,551,404		208,122		58,520		5,813,211		7,409,337		11,492		14,846
Equity transactions:
Purchase payments received from contract owners (note 3)		1,260,077		872,829		394,115		276,640		3,159,193		3,996,911		150		1,098
Transfers between funds		8,989,178		14,435,883		3,509,439		2,844,360		(5,973,294	)	(8,570,132	)	(8,350	)	(88,635	)
Redemptions (note 3)		(3,054,959	)	(502,540	)	(476,933	)	(176,039	)	(19,184,657	)	(18,139,671	)	(24,551	)	(15,123	)
Annuity benefits		(55,610	)	(29,881	)	(18,484	)	(14,756	)	(9,229	)	(22,415	)	–		–
Annual contract maintenance charges (note 2)		(190	)	(43	)	(15	)	–		(13,255	)	(15,351	)	–		–
Contingent deferred sales charges (note 2)		(8,664	)	(6,537	)	(946	)	(3,293	)	(69,166	)	(143,937	)	(252	)	(22	)
Adjustments to maintain reserves		3,162		2,849		1,676		414		9,588		8,251		(60	)	(41	)
Net equity transactions		7,132,994		14,772,560		3,408,852		2,927,326		(22,080,820	)	(22,886,344	)	(33,063	)	(102,723	)
Net change in contract owners’ equity		7,310,223		16,323,964		3,616,974		2,985,846		(16,267,609	)	(15,477,007	)	(21,571	)	(87,877	)
Contract owners’ equity beginning of period		16,630,835		306,871		3,095,042		109,196		95,028,131		110,505,138		221,499		309,376
Contract owners’ equity end of period	$	23,941,058		16,630,835		6,712,016		3,095,042		78,760,522		95,028,131		199,928		221,499
CHANGES IN UNITS:
Beginning units		1,364,550		29,152		278,165		10,922		8,426,635		10,565,350		21,134		31,607
Units purchased		1,758,530		1,694,415		587,621		324,863		1,199,991		430,335		186		1,481
Units redeemed		(1,136,337	)	(359,017	)	(267,839	)	(57,620	)	(3,119,544	)	(2,569,050	)	(3,244	)	(11,954	)
Ending units		1,986,743		1,364,550		597,947		278,165		6,507,082		8,426,635		18,076		21,134

(Continued)

71

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		VEWrldEMktR1				VEWrldEMkt				VEWrldHAsR1				VEWrldHAs
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(318,935	)	(188,951	)	(289,225	)	(217,778	)	(552,212	)	(588,019	)	(287,517	)	(329,046	)
Realized gain (loss) on investments		4,754,820		3,745,605		8,369,104		5,646,751		4,389,248		11,969,321		5,478,595		4,327,112
Change in unrealized gain (loss) on investments		1,073,929		3,143,897		(2,732,347	)	3,828,925		8,692,406		(5,961,774	)	1,678,174		526,292
Reinvested capital gains		7,145,439		3,167,338		8,098,344		4,308,175		5,718,183		3,077,491		3,746,441		1,838,729
Net increase (decrease) in contract owners’ equity resulting from operations		12,655,253		9,867,889		13,445,876		13,566,073		18,247,625		8,497,019		10,615,693		6,363,087
Equity transactions:
Purchase payments received from contract owners (note 3)		899,719		1,050,695		210,116		186,438		960,182		904,895		196,048		173,898
Transfers between funds		3,310,415		1,628,136		(3,869,581	)	(4,505,537	)	5,259,716		(3,793,485	)	(3,522,920	)	(3,884,285
Redemptions (note 3)		(8,694,643	)	(4,406,231	)	(11,164,788	)	(7,149,235	)	(9,232,873	)	(7,592,682	)	(5,883,964	)	(3,905,451
Annuity benefits		(1,033	)	(722	)	(38,506	)	(28,185	)	(4,538	)	(3,661	)	(21,463	)	(5,082	)
Annual contract maintenance charges (note 2)		(181	)	(132	)	(948	)	(943	)	(196	)	(159	)	(344	)	(384	)
Contingent deferred sales charges (note 2)		(44,893	)	(28,064	)	(26,351	)	(39,953	)	(30,077	)	(60,370	)	(13,033	)	(23,266	)
Adjustments to maintain reserves		1,980		124,619		2,518		12,529		1,811		18,530		8,280		(100,630	)
Net equity transactions		(4,528,636	)	(1,631,699	)	(14,887,540	)	(11,524,886	)	(3,045,975	)	(10,526,932	)	(9,237,396	)	(7,745,200	)
Net change in contract owners’ equity		8,126,617		8,236,190		(1,441,664	)	2,041,187		15,201,650		(2,029,913	)	1,378,297		(1,382,113	)
Contract owners’ equity beginning of period		36,944,511		28,708,321		43,949,866		41,908,679		45,815,506		47,845,419		29,138,745		30,520,858
Contract owners’ equity end of period	$	45,071,128		36,944,511		42,508,202		43,949,866		61,017,156		45,815,506		30,517,042		29,138,745
CHANGES IN UNITS:
Beginning units		1,627,022		1,743,322		1,535,950		2,068,868		1,987,076		2,553,864		1,061,403		1,384,893
Units purchased		1,182,476		1,206,276		242,210		11,553		1,231,030		1,915,037		112,631		21,437
Units redeemed		(1,351,030	)	(1,322,576	)	(617,202	)	(544,471	)	(1,376,957	)	(2,481,825	)	(373,741	)	(344,927
Ending units		1,458,468		1,627,022		1,160,958		1,535,950		1,841,149		1,987,076		800,293		1,061,403

(Continued)

72

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		VKLCom2				VKLStratGro2				VKUCorPlus				VKUCorPlus2
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(48,831	)	(110,448	)	(49,034	)	(50,655	)	226,501		3,936		19,089		17,557
Realized gain (loss) on investments		1,128,630		764,017		216,127		104,491		54,488		(8,424	)	(182	)	(9,126	)
Change in unrealized gain (loss) on investments		(2,196,928	)	704,379		185,542		(33,385	)	58,059		57,830		13,179		2,882
Reinvested capital gains		430,843		1,126,315		–		–		–		2,411		–		4,069
Net increase (decrease) in contract owners’ equity resulting from operations		(686,286	)	2,484,263		352,635		20,451		339,048		55,753		32,086		15,382
Equity transactions:
Purchase payments received from contract owners (note 3)		237,209		191,862		48,464		34,932		544,071		197,646		70,440		146,008
Transfers between funds		(517,420	)	(259,767	)	(175,282	)	(145,891	)	7,775,741		3,949,802		359,331		212,053
Redemptions (note 3)		(1,819,860	)	(1,404,892	)	(304,226	)	(153,299	)	(1,398,276	)	(185,923	)	(82,913	)	(52,961	)
Annuity benefits		(4,454	)	–		–		–		–		–		(6,676	)	(6,452	)
Annual contract maintenance charges (note 2)		–		–		–		–		(155	)	(6	)	–		–
Contingent deferred sales charges (note 2)		(27,484	)	(22,774	)	(4,557	)	(357	)	(9,154	)	(743	)	(828	)	(843	)
Adjustments to maintain reserves		10		(1,147	)	(44	)	(280	)	(403	)	36		786		435
Net equity transactions		(2,131,999	)	(1,496,718	)	(435,645	)	(264,895	)	6,911,824		3,960,812		340,140		298,240
Net change in contract owners’ equity		(2,818,285	)	987,545		(83,010	)	(244,444	)	7,250,872		4,016,565		372,226		313,622
Contract owners’ equity beginning of period		19,854,900		18,867,355		2,564,525		2,808,969		4,016,565		–		785,440		471,818
Contract owners’ equity end of period	$	17,036,615		19,854,900		2,481,515		2,564,525		11,267,437		4,016,565		1,157,666		785,440
CHANGES IN UNITS:
Beginning units		1,437,197		1,555,924		254,837		281,218		385,528		–		60,560		37,278
Units purchased		56,232		72,818		7,856		9,772		1,106,941		481,454		47,648		48,919
Units redeemed		(212,314	)	(191,545	)	(47,382	)	(36,153	)	(454,763	)	(95,926	)	(14,908	)	(25,637	)
Ending units		1,281,115		1,437,197		215,311		254,837		1,037,706		385,528		93,300		60,560

(Continued)

73

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		VKUEmMkt				VKUMCpGro				VKUUSRE				VicDivrStk
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	1,483,211		2,251,003		(348,499	)	(426,739	)	(480,825	)	(452,487	)	(107,915	)	(175,286	)
Realized gain (loss) on investments		(300,458	)	164,038		3,932,936		3,106,502		73,854,637		46,660,577		1,020,425		568,588
Change in unrealized gain (loss) on investments		(665,909	)	(302,610	)	193,931		(2,797,322	)	(152,134,697	)	41,050,396		(826,978	)	939,041
Reinvested capital gains		763,543		569,800		1,274,971		2,080,800		27,528,039		23,801,070		1,202,247		482,332
Net increase (decrease) in contract owners’ equity resulting from operations		1,280,387		2,682,231		5,053,339		1,963,241		(51,232,846	)	111,059,556		1,287,779		1,814,675
Equity transactions:
Purchase payments received from contract owners (note 3)		119,639		143,428		427,040		535,611		6,455,945		7,374,893		243,136		207,646
Transfers between funds		(2,665,352	)	(4,337,673	)	(2,902,597	)	(462,563	)	(86,460,477	)	(648,618	)	(837,379	)	(992,392	)
Redemptions (note 3)		(5,436,018	)	(3,973,277	)	(4,644,511	)	(4,561,021	)	(56,175,289	)	(44,838,722	)	(3,062,040	)	(1,812,196
Annuity benefits		(9,512	)	(11,892	)	(5,634	)	(7,310	)	(116,992	)	(101,412	)	–		–
Annual contract maintenance charges (note 2)		(442	)	(592	)	(404	)	(539	)	(5,902	)	(6,261	)	–		–
Contingent deferred sales charges (note 2)		(14,810	)	(36,691	)	(19,710	)	(40,395	)	(342,146	)	(356,617	)	(17,325	)	(20,531	)
Adjustments to maintain reserves		(18,654	)	11,487		(15,024	)	2,490		4,350		130,079		787		4,257
Net equity transactions		(8,025,149	)	(8,205,210	)	(7,160,840	)	(4,533,727	)	(136,640,511	)	(38,446,658	)	(3,672,821	)	(2,613,216	)
Net change in contract owners’ equity		(6,744,762	)	(5,522,979	)	(2,107,501	)	(2,570,486	)	(187,873,357	)	72,612,898		(2,385,042	)	(798,541	)
Contract owners’ equity beginning of period		28,929,453		34,452,432		28,561,563		31,132,049		397,641,853		325,028,955		15,902,096		16,700,637
Contract owners’ equity end of period	$	22,184,691		28,929,453		26,454,062		28,561,563		209,768,496		397,641,853		13,517,054		15,902,096
CHANGES IN UNITS:
Beginning units		1,142,148		1,499,114		3,019,705		3,599,728		10,845,668		12,119,855		1,255,579		1,477,938
Units purchased		92,975		9,030		1,078,406		1,055,004		2,040,517		2,984,483		303,058		26,727
Units redeemed		(398,022	)	(365,996	)	(1,701,895	)	(1,635,027	)	(5,880,555	)	(4,258,670	)	(583,436	)	(249,086	)
Ending units		837,101		1,142,148		2,396,216		3,019,705		7,005,630		10,845,668		975,201		1,255,579

(Continued)

74

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		WRAsStrat				WRBal				WRBond				WRCoreEq
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(1,750,184	)	(2,178,958	)	51,733		50,348		3,318,179		2,772,980		(1,870,341	)	(1,207,892	)
Realized gain (loss) on investments		5,259,266		3,558,053		3,144,467		2,022,808		(203,248	)	(641,512	)	7,686,441		2,347,220
Change in unrealized gain (loss) on investments		83,813,774		(2,036,657	)	8,076,334		6,684,221		1,758,736		430,465		2,167,297		28,319,315
Reinvested capital gains		14,731,001		37,163,816		1,795		325,133		–		27,174		22,981,411		7,078,842
Net increase (decrease) in contract owners’ equity resulting from operations		102,053,857		36,506,254		11,274,329		9,082,510		4,873,667		2,589,107		30,964,808		36,537,485
Equity transactions:
Purchase payments received from contract owners (note 3)		8,691,525		6,922,146		1,265,149		2,069,999		1,952,475		1,655,772		3,404,189		5,012,945
Transfers between funds		9,698,337		22,515,234		(3,508,055	)	(5,773,148	)	40,090,803		(783,660	)	(15,538,802	)	(11,026,135	)
Redemptions (note 3)		(18,495,618	)	(14,652,338	)	(7,525,316	)	(7,110,294	)	(8,464,274	)	(7,066,942	)	(19,709,254	)	(17,218,516	)
Annuity benefits		(15,846	)	(9,331	)	(13,028	)	(11,750	)	(13,130	)	(11,350	)	(16,231	)	(12,360	)
Annual contract maintenance charges (note 2)		–		–		–		–		–		–		–		–
Contingent deferred sales charges (note 2)		(290,666	)	(265,373	)	(103,889	)	(124,703	)	(117,093	)	(130,903	)	(312,818	)	(359,243	)
Adjustments to maintain reserves		3,450		97,373		(1,096	)	13,961		1,971		489		5,747		39,171
Net equity transactions		(408,818	)	14,607,711		(9,886,235	)	(10,935,935	)	33,450,752		(6,336,594	)	(32,167,169	)	(23,564,138	)
Net change in contract owners’ equity		101,645,039		51,113,965		1,388,094		(1,853,425	)	38,324,419		(3,747,487	)	(1,202,361	)	12,973,347
Contract owners’ equity beginning of period		243,159,256		192,045,291		97,251,131		99,104,556		90,872,949		94,620,436		260,740,459		247,767,112
Contract owners’ equity end of period	$	344,804,295		243,159,256		98,639,225		97,251,131		129,197,368		90,872,949		259,538,098		260,740,459
CHANGES IN UNITS:
Beginning units		14,439,370		13,534,569		7,857,473		8,795,903		7,144,826		7,659,203		25,267,360		27,738,468
Units purchased		1,694,667		2,719,579		324,493		492,017		3,860,087		766,763		736,020		1,494,254
Units redeemed		(1,743,499	)	(1,814,778	)	(1,078,696	)	(1,430,447	)	(1,260,533	)	(1,281,140	)	(3,659,949	)	(3,965,362	)
Ending units		14,390,538		14,439,370		7,103,270		7,857,473		9,744,380		7,144,826		22,343,431		25,267,360

(Continued)

75

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		WRDivInc				WREnergy				WRGlNatRes				WRGrowth
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(135,172	)	69,251		(33,422	)	(1,755	)	(732,490	)	(309,143	)	(3,616,784	)	(3,785,387	)
Realized gain (loss) on investments		587,915		165,994		58,709		(29,651	)	1,249,986		187,347		11,276,144		3,441,849
Change in unrealized gain (loss) on investments		4,510,087		2,783,335		2,095,711		2,068		14,000,634		4,084,168		45,858,613		10,172,594
Reinvested capital gains		322,208		154,290		29,226		–		5,064,463		1,535,374		6,725,125		–
Net increase (decrease) in contract owners’ equity resulting from operations		5,285,038		3,172,870		2,150,224		(29,338	)	19,582,593		5,497,746		60,243,098		9,829,056
Equity transactions:
Purchase payments received from contract owners (note 3)		1,901,308		1,280,239		1,073,891		288,317		2,391,903		2,450,116		3,036,005		4,752,624
Transfers between funds		6,128,540		10,914,379		6,106,284		1,847,982		8,276,339		20,175,635		(21,241,983	)	(32,012,674	)
Redemptions (note 3)		(1,870,494	)	(860,591	)	(447,182	)	(27,153	)	(3,353,805	)	(1,169,867	)	(19,497,829	)	(18,244,555	)
Annuity benefits		(4,818	)	(3,592	)	–		–		(3,184	)	(2,123	)	(12,730	)	(11,342	)
Annual contract maintenance charges (note 2)		–		–		–		–		–		–		–		–
Contingent deferred sales charges (note 2)		(28,424	)	(8,451	)	(6,071	)	(425	)	(53,144	)	(12,092	)	(328,606	)	(406,942
Adjustments to maintain reserves		1,163		6,748		(189	)	(244	)	3,745		17,256		(3,791	)	21,934
Net equity transactions		6,127,275		11,328,732		6,726,733		2,108,477		7,261,854		21,458,925		(38,048,934	)	(45,900,955	)
Net change in contract owners’ equity		11,412,313		14,501,602		8,876,957		2,079,139		26,844,447		26,956,671		22,194,164		(36,071,899	)
Contract owners’ equity beginning of period		31,724,593		17,222,991		2,079,139		–		43,850,732		16,894,061		270,419,191		306,491,090
Contract owners’ equity end of period	$	43,136,906		31,724,593		10,956,096		2,079,139		70,695,179		43,850,732		292,613,355		270,419,191
CHANGES IN UNITS:
Beginning units		2,287,217		1,421,645		225,125		–		2,887,238		1,378,143		28,866,345		33,936,580
Units purchased		721,623		1,110,335		678,343		250,745		853,106		1,739,253		788,814		1,114,688
Units redeemed		(309,038	)	(244,763	)	(108,752	)	(25,620	)	(453,177	)	(230,158	)	(4,506,687	)	(6,184,923	)
Ending units		2,699,802		2,287,217		794,716		225,125		3,287,167		2,887,238		25,148,472		28,866,345

(Continued)

76

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		WRHiInc				WRIntGro				WRIntVal				WRLTBond
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	5,313,024		4,706,041		(599,501	)	(526,441	)	113,229		234,808		620,498		814,956
Realized gain (loss) on investments		198,966		(200,651	)	2,926,709		2,228,068		1,415,784		293,886		(1,081,634	)	(146,086	)
Change in unrealized gain (loss) on investments		(3,385,854	)	2,301,066		10,110,684		10,830,967		(1,937,952	)	4,039,274		1,110,733		322,750
Reinvested capital gains		–		–		2,224,092		–		3,592,027		2,422,927		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		2,126,136		6,806,456		14,661,984		12,532,594		3,183,088		6,990,895		649,597		991,620
Equity transactions:
Purchase payments received from contract owners (note 3)		1,605,584		1,702,983		1,928,460		2,064,420		1,246,348		814,250		102,479		534,803
Transfers between funds		3,319,010		1,822,019		3,932,861		530,078		2,376,758		7,929,531		(35,801,355	)	(2,990,817
Redemptions (note 3)		(6,205,112	)	(5,439,316	)	(6,031,845	)	(5,168,734	)	(3,069,392	)	(1,663,107	)	(2,050,313	)	(3,017,007	)
Annuity benefits		(6,575	)	(5,735	)	(4,209	)	(283	)	(4,334	)	(257	)	(2,903	)	(2,283	)
Annual contract maintenance charges (note 2)		–		–		–		–		–		–		–		–
Contingent deferred sales charges (note 2)		(79,375	)	(102,406	)	(102,870	)	(101,985	)	(50,005	)	(38,346	)	(28,396	)	(63,474	)
Adjustments to maintain reserves		(2,327	)	6,854		5,698		21,423		(6,059	)	9,094		(7,174	)	250
Net equity transactions		(1,368,795	)	(2,015,601	)	(271,905	)	(2,655,081	)	493,316		7,051,165		(37,787,662	)	(5,538,528	)
Net change in contract owners’ equity		757,341		4,790,855		14,390,079		9,877,513		3,676,404		14,042,060		(37,138,065	)	(4,546,908	)
Contract owners’ equity beginning of period		83,298,557		78,507,702		75,601,879		65,724,366		36,374,070		22,332,010		37,138,065		41,684,973
Contract owners’ equity end of period	$	84,055,898		83,298,557		89,991,958		75,601,879		40,050,474		36,374,070		–		37,138,065
CHANGES IN UNITS:
Beginning units		5,604,764		5,754,595		6,317,661		6,562,646		2,084,663		1,636,753		3,102,882		3,575,770
Units purchased		719,281		771,146		874,190		968,491		515,583		736,295		103,694		365,505
Units redeemed		(809,521	)	(920,977	)	(911,798	)	(1,213,476	)	(481,650	)	(288,385	)	(3,206,576	)	(838,393	)
Ending units		5,514,524		5,604,764		6,280,053		6,317,661		2,118,596		2,084,663		–		3,102,882

(Continued)

77

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		WRMicCpGr				WRMidCpGr				WRMMkt				WRMortSec
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(86,777	)	(79,069	)	(189,802	)	(70,154	)	1,149,836		805,168		185,409		298,244
Realized gain (loss) on investments		533,444		438,083		268,939		59,706		–		–		(33,894	)	(27,848	)
Change in unrealized gain (loss) on investments		(135,320	)	114,745		959,096		540,013		–		–		34,819		(12,895	)
Reinvested capital gains		–		–		402,368		3,183		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		311,347		473,759		1,440,601		532,748		1,149,836		805,168		186,334		257,501
Equity transactions:
Purchase payments received from contract owners (note 3)		167,999		310,446		705,919		566,622		6,425,111		2,312,631		180,809		95,979
Transfers between funds		(191,234	)	1,752,869		4,284,892		6,648,900		13,381,445		13,224,480		1,168,475		2,200,182
Redemptions (note 3)		(535,335	)	(324,666	)	(1,189,904	)	(275,266	)	(11,513,739	)	(7,459,186	)	(833,291	)	(296,490	)
Annuity benefits		(4,681	)	–		–		–		(631	)	(256	)	(2,215	)	(2,209	)
Annual contract maintenance charges (note 2)		–		–		–		–		–		–		–		–
Contingent deferred sales charges (note 2)		(10,146	)	(4,791	)	(17,406	)	(3,603	)	(143,763	)	(131,082	)	(13,429	)	(4,246	)
Adjustments to maintain reserves		148		1,730		1,300		2,344		7,010		(11,512	)	34		110
Net equity transactions		(573,249	)	1,735,588		3,784,801		6,938,997		8,155,433		7,935,075		500,383		1,993,326
Net change in contract owners’ equity		(261,902	)	2,209,347		5,225,402		7,471,745		9,305,269		8,740,243		686,717		2,250,827
Contract owners’ equity beginning of period		6,684,118		4,474,771		11,595,360		4,123,615		31,187,936		22,447,693		8,678,994		6,428,167
Contract owners’ equity end of period	$	6,422,216		6,684,118		16,820,762		11,595,360		40,493,205		31,187,936		9,365,711		8,678,994
CHANGES IN UNITS:
Beginning units		457,441		339,344		954,630		363,735		2,969,855		2,198,821		808,187		618,701
Units purchased		81,315		256,478		484,641		711,487		3,200,311		2,582,807		266,232		329,426
Units redeemed		(121,970	)	(138,381	)	(193,530	)	(120,592	)	(2,434,872	)	(1,811,773	)	(219,054	)	(139,940	)
Ending units		416,786		457,441		1,245,741		954,630		3,735,294		2,969,855		855,365		808,187

(Continued)

78

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		WRRealEstS				WRSciTech				WRSmCpGr				WRSmCpVal
Investment activity:		2007		2006		2007		2006		2007		2006		2007		2006
Net investment income (loss)	$	(234,727	)	(95,232	)	(1,703,395	)	(1,667,424	)	(1,739,372	)	(1,930,505	)	(176,499	)	(143,927	)
Realized gain (loss) on investments		1,810,968		380,561		5,976,451		5,084,701		6,072,623		7,996,394		(59,747	)	91,021
Change in unrealized gain (loss) on investments		(7,086,843	)	4,288,987		(3,045,846	)	850,742		(1,757,309	)	(14,162,677	)	(1,042,471	)	763,134
Reinvested capital gains		864,218		674,509		25,247,198		3,314,400		12,468,603		12,532,030		574,769		1,051,893
Net increase (decrease) in contract owners’ equity resulting from operations		(4,646,384	)	5,248,825		26,474,408		7,582,419		15,044,545		4,435,242		(703,948	)	1,762,121
Equity transactions:
Purchase payments received from contract owners (note 3)		673,618		663,817		2,375,156		2,432,710		1,468,283		2,373,484		327,491		307,172
Transfers between funds		(2,777,389	)	8,002,811		(3,716,863	)	(9,648,484	)	(8,842,772	)	(17,972,882	)	272,410		318,421
Redemptions (note 3)		(2,285,844	)	(1,612,552	)	(9,440,600	)	(7,712,554	)	(9,448,666	)	(9,331,885	)	(1,369,669	)	(861,761	)
Annuity benefits		(6,178	)	(1,072	)	(7,395	)	(6,658	)	(11,023	)	(11,280	)	(4,046	)	–
Annual contract maintenance charges (note 2)		–		–		–		–		–		–		–		–
Contingent deferred sales charges (note 2)		(41,869	)	(31,871	)	(177,899	)	(151,209	)	(164,678	)	(199,702	)	(23,430	)	(17,350	)
Adjustments to maintain reserves		2,901		8,542		4,067		32,311		(1,556	)	14,676		480		2,232
Net equity transactions		(4,434,761	)	7,029,675		(10,963,534	)	(15,053,884	)	(17,000,412	)	(25,127,589	)	(796,764	)	(251,286	)
Net change in contract owners’ equity		(9,081,145	)	12,278,500		15,510,874		(7,471,465	)	(1,955,867	)	(20,692,347	)	(1,500,712	)	1,510,835
Contract owners’ equity beginning of period		28,171,604		15,893,104		121,604,433		129,075,898		132,360,446		153,052,793		13,544,922		12,034,087
Contract owners’ equity end of period	$	19,090,459		28,171,604		137,115,307		121,604,433		130,404,579		132,360,446		12,044,210		13,544,922
CHANGES IN UNITS:
Beginning units		1,572,126		1,139,421		10,562,288		11,941,607		10,059,603		12,069,149		981,472		1,005,493
Units purchased		293,098		653,040		599,306		617,218		389,076		623,531		213,705		275,334
Units redeemed		(579,468	)	(220,335	)	(1,462,450	)	(1,996,537	)	(1,604,729	)	(2,633,077	)	(273,678	)	(299,355	)
Ending units		1,285,756		1,572,126		9,699,144		10,562,288		8,843,950		10,059,603		921,499		981,472

(Continued)

79

NATIONWIDE VARIABLE ACCOUNT–9

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

		WRValue				WFVOpp
Investment activity:		2007		2006		2007		2006
Net investment income (loss)	$	(540,577	)	(359,682	)	(1,127,014	)	(2,372,112	)
Realized gain (loss) on investments		4,960,222		5,967,101		10,064,896		8,533,861
Change in unrealized gain (loss) on investments		(10,610,895	)	7,639,161		(22,749,873	)	(7,569,217	)
Reinvested capital gains		7,415,435		5,121,207		23,867,522		20,410,770
Net increase (decrease) in contract owners’ equity resulting from operations		1,224,185		18,367,787		10,055,531		19,003,302
Equity transactions:
Purchase payments received from contract owners (note 3)		1,066,148		1,984,410		2,815,296		3,407,132
Transfers between funds		(7,417,702	)	(17,674,720	)	(20,107,319	)	(21,115,824	)
Redemptions (note 3)		(9,110,904	)	(9,217,205	)	(23,860,094	)	(21,106,533	)
Annuity benefits		(18,303	)	(9,424	)	(20,577	)	(32,913	)
Annual contract maintenance charges (note 2)		–		–		(2,424	)	(3,045	)
Contingent deferred sales charges (note 2)		(154,700	)	(211,900	)	(150,669	)	(257,360	)
Adjustments to maintain reserves		5,249		16,449		(96,849	)	22,110
Net equity transactions		(15,630,212	)	(25,112,390	)	(41,422,636	)	(39,086,433
Net change in contract owners’ equity		(14,406,027	)	(6,744,603	)	(31,367,105	)	(20,083,131	)
Contract owners’ equity beginning of period		130,470,114		137,214,717		180,405,849		200,488,980
Contract owners’ equity end of period	$	116,064,087		130,470,114		149,038,744		180,405,849
CHANGES IN UNITS:
Beginning units		9,004,271		10,933,745		13,514,581		16,647,315
Units purchased		440,369		498,029		1,291,903		546,237
Units redeemed		(1,484,049	)	(2,427,503	)	(4,040,020	)	(3,678,971	)
Ending units		7,960,591		9,004,271		10,766,464		13,514,581

See accompanying notes to financial statements.

80

NATIONWIDE VARIABLE ACCOUNT-9

NOTES TO FINANCIAL STATEMENTS

December 31, 2007 and 2006

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide Variable Account-9 (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on May 22, 1997. The Account is registered as a unit investment trust under the Investment Company Act of 1940.

On July 1, 1999, the Company transferred to the Account, 100,000 shares of the Victory VIF – Diversified Stock Fund Class A Shares, 100,000 shares of the Victory VIF – Investment Quality Bond Fund Class A Shares and 100,000 shares of the Victory VIF – Small Company Opportunity Fund Class A Shares, for which the Account was credited with 100,000 units of the Victory VIF – Diversified Stock Fund Class A Shares, 100,000 units of the Victory VIF – Investment Quality Bond Fund Class A Shares and 100,000 units of the Victory VIF – Small Company Opportunity Fund Class A Shares.

On August 20, 2001, the Company transferred to the Account, 50,000 shares of the First Horizon Capital Appreciation Portfolio and 50,000 shares of the First Horizon Growth & Income Portfolio, for which the Account was credited 50,000 units of the First Horizon Capital Appreciation Portfolio and 50,000 units of the First Horizon Growth & Income Portfolio.

The Company offers tax qualified and non-tax qualified Modified Single Premium Deferred Variable Annuity Contracts and Individual Single Premium Immediate Variable Annuity Contracts through the Account. The primary distribution for the contracts is through the brokerage community; however, other distributors are utilized.

Effective July 1, 2000, the Company entered into a reinsurance agreement with Security Benefit Life Insurance Company (SBL) to sell, transfer and cede on an indemnity basis all of its obligations in connection with annuity contracts issued pursuant to the NEA Valuebuilder Annuity Program (Program). Under the agreement, the Company continued to provide administrative and support services for contracts issued under the Program until September 2001. Thereafter, SBL assumed full responsibility for servicing the contracts and receives all fees and charges of the contracts. The Company is paid a Supplemental Capital Charge by SBL to meet the capital needs of the reinsured contracts. The ceding of risk does not discharge the Company from its primary obligation, including regulatory record keeping and reporting, to the contract owners of the Account.

(b) The Contracts

Only contracts without a front-end sales charge, but with a contingent deferred sales charge and certain other fees are offered for purchase. See note 2 for a discussion of contract expenses.

With certain exceptions, contract owners in either the accumulation or the payout phase may invest in the following:

Portfolios of the AIM Variable Insurance Funds (AIM VIF);

AIM VIF – Basic Balanced Fund – Series I (AIMBBal)

AIM VIF – Basic Value Fund – Series II (AIMBValue2)

AIM VIF – Blue Chip Fund – Series I (AIMBlueCh)*

AIM VIF – Capital Appreciation Fund – Series I (AIMCapAp)

AIM VIF – Capital Appreciation Fund – Series II (AIMCapAp2)

AIM VIF – Capital Development Fund – Series II (AIMCapDev2)

AIM VIF – Core Equity Fund – Series I (AIMCoreEq)

AIM VIF – Core Equity Fund – Series II (AIMCoreEq2)

AIM VIF – Global Health Care Fund – Series I (AIMGlobHlth)

AIM VIF – Global Real Estate Fund – Series I (AIMGlobRE)

AIM VIF – International Growth Fund – Series I (AIMIntGr)*

(Continued)

81

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

AIM VIF – Large Cap Growth Fund – Series I (AIMLrgCpGr)

AIM VIF – Premier Equity Fund – Series I (AIMPreEq)*

AIM VIF – Premier Equity Fund – Series II (AIMPreEq2)*

Portfolios of the AllianceBernstein Variable Products Series Fund, Inc. (AllianceBernstein VPS);

AllianceBernstein VPS – Growth and Income Portfolio – Class B (AlVGrIncB)

AllianceBernstein VPS – Large Cap Growth Portfolio – Class B (AlVLrgCpGrB)

AllianceBernstein VPS – Small Mid Cap Value Portfolio – Class B (AlVSmMdCpB)

Portfolios of the American Century Variable Portfolios, Inc. (American Century VP);

American Century VP – Income & Growth Fund – Class I (ACVPIncGr)

American Century VP – Income & Growth Fund – Class II (ACVPIncGr2)

American Century VP – Inflation Protection Fund – Class II (ACVPInflPro2)

American Century VP – International Fund – Class I (ACVPInt)

American Century VP – International Fund – Class III (ACVPInt3)

American Century VP – Mid Cap Value Fund – Class I (ACVPMdCpV)

American Century VP – Mid Cap Value Fund – Class II (ACVPMdCpV2)

American Century VP – Ultra^® Fund – Class I (ACVPUltra)

American Century VP – Ultra^® Fund – Class II (ACVPUltra2)

American Century VP – Value Fund – Class I (ACVPVal)

American Century VP – Value Fund – Class II (ACVPVal2)

American Century VP – Vista^SM Fund – Class I (ACVPVista1)

American Century VP – Vista^SM Fund – Class II (ACVPVista2)

Portfolios of the BB&T Variable Insurance Funds;

BB&T Variable Insurance Funds – Capital Manager Equity Fund (BBTCapMgr)

BB&T Variable Insurance Funds – Large Cap Fund (BBTLgCap)

BB&T Variable Insurance Funds – Large Cap Growth Fund (BBTLgCapGr)*

BB&T Variable Insurance Funds – Mid Cap Growth Fund (BBTMdCapGr)

Portfolios of the Credit Suisse Trust;

Credit Suisse Trust – Global Small Cap Portfolio (CSTGlobSmCp)

Credit Suisse Trust – International Focus Portfolio (CSTIntFoc)

Credit Suisse Trust – Large Cap Value Portfolio (CSTLCapV)

Portfolios of the Dreyfus Investment Portfolios (Dreyfus IP);

Dreyfus IP – Emerging Leaders Fund – Service Shares (DryIPELead)

Dreyfus IP – Small Cap Stock Index Portfolio – Service Shares (DryIPSmCap)

Dreyfus Stock Index Fund, Inc. – Initial Shares (DryStkIx)

Portfolios of the Dreyfus Variable Investment Fund (Dreyfus VIF);

Dreyfus VIF – Appreciation Portfolio – Initial Shares (DryVApp)

Dreyfus VIF – Appreciation Portfolio – Service Shares (DryVAppS)

Dreyfus VIF – Developing Leaders Portfolio – Initial Shares (DryVDevLd)

Dreyfus VIF – Developing Leaders Portfolio – Service Shares (DryVDevLdS)*

Dreyfus VIF – International Value Portfolio – Initial Shares (DryVIntVal)

Portfolios of the Evergreen Variable Annuity Funds (Evergreen VAF);

Evergreen VAF – Diversified Income Builder Fund – Class 1 Shares (formerly Evergreen VAF –

Evergreen VA Strategic Income Fund – Class 1 Shares) (EvVFDivInc)*

Evergreen VAF – Fundamental Large Cap Fund – Class 1 Shares (EvVFFdLrgCp)*

Evergreen VAF – International Equity Fund – Class 1 Shares (EvVFIntEq)*

Evergreen VAF – Omega Fund – Class 1 Shares (EvVFOmega)*

Evergreen VAF – Special Values Fund – Class 1 Shares (EvVFSpVFl)*

Portfolios of the Evergreen Variable Annuity Trust (Evergreen VAT);

Evergreen VAT – Balanced Fund – Class 1 (EvVTBal)*

(Continued)

82

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Portfolios of the Federated Insurance Series (Federated IS);

Federated IS – American Leaders Fund II – Service Shares (FedAmLeadS)

Federated IS – Capital Appreciation Fund II – Service Shares (FedCapApS)

Federated IS – High Income Bond II – Service Shares (FedHiIncS)

Federated IS – Market Opportunity Fund II – Service Shares (FedMrkOp)

Federated IS – Quality Bond Fund II – Primary Shares (FedQualBd)

Federated IS – Quality Bond Fund II – Service Shares (FedQualBdS)

Portfolios of the Fidelity^® Variable Insurance Products Fund (Fidelity^® VIP);

Fidelity^® VIP – Equity-Income Portfolio – Service Class (FidVIPEIS)

Fidelity^® VIP – Equity-Income Portfolio – Service Class 2 (FidVIPEIS2)

Fidelity^® VIP – Growth Portfolio – Service Class (FidVIPGrS)

Fidelity^® VIP – Growth Portfolio – Service Class 2 (FidVIPGrS2)

Fidelity^® VIP – High Income Portfolio – Service Class (FidVIPHIS)

Fidelity^® VIP – High Income Portfolio – Service Class R (FidVIPHISR)

Fidelity^® VIP – Overseas Portfolio – Service Class (FidVIPOvS)

Fidelity^® VIP – Overseas Portfolio – Service Class 2 R (FidVIPOvS2R)

Fidelity^® VIP – Overseas Portfolio – Service Class R (FidVIPOvSR)

Portfolios of the Fidelity^® Variable Insurance Products Fund II (Fidelity^® VIP II);

Fidelity^® VIP II – Contrafund^® Portfolio – Service Class (FidVIPConS)

Fidelity^® VIP II – Contrafund^® Portfolio – Service Class 2 (FidVIPConS2)

Fidelity^® VIP II – Investment Grade Bond Portfolio – Service Class (FidVIPIGBdS)

Portfolios of the Fidelity^® Variable Insurance Products Fund III (Fidelity^® VIP III);

Fidelity^® VIP III – Growth Opportunities Portfolio – Service Class (FidVIPGrOpS)

Fidelity^® VIP III – Mid Cap Portfolio – Service Class (FidVIPMCapS)

Fidelity^® VIP III – Mid Cap Portfolio – Service Class 2 (FidVIPMCapS2)

Fidelity^® VIP III – Value Strategies Portfolio – Service Class (FidVIPVaIS)

Fidelity^® VIP III – Value Strategies Portfolio – Service Class 2 (FidVIPVaIS2)

Portfolios of the Fidelity^® Variable Insurance Products Fund IV (Fidelity^® VIP IV);

Fidelity^® VIP IV – Energy Portfolio – Service Class 2 (FidVIPEnergyS2)

Fidelity^® VIP IV – Freedom Fund 2010 Portfolio – Service Class (FidVIPFree10S)

Fidelity^® VIP IV – Freedom Fund 2010 Portfolio – Service Class 2 (FidVIPFree10S2)

Fidelity^® VIP IV – Freedom Fund 2020 Portfolio – Service Class (FidVIPFree20S)

Fidelity^® VIP IV – Freedom Fund 2020 Portfolio – Service Class 2 (FidVIPFree20S2)

Fidelity^® VIP IV – Freedom Fund 2030 Portfolio – Service Class (FidVIPFree30S)

Fidelity^® VIP IV – Freedom Fund 2030 Portfolio – Service Class 2 (FidVIPFree30S2)

Portfolio of the Financial Investors Variable Insurance Trust (Financial Investors VIT);

Financial Investors VIT – First Horizon Core Equity Portfolio (FICoreEq)*

First Horizon Capital Appreciation Portfolio (FHCapAp)*

Portfolios of the Franklin Templeton Variable Insurance Products Trust (Franklin Templeton VIP);

Franklin Templeton VIP – Developing Markets Securities Fund – Class 3 (FrVIPDevMrk3)

Franklin Templeton VIP – Foreign Securities Fund – Class 1 (FrVIPForSec)*

Franklin Templeton VIP – Foreign Securities Fund – Class 2 (FrVIPForSec2)

Franklin Templeton VIP – Foreign Securities Fund – Class 3 (FrVIPForSec3)

Franklin Templeton VIP – Global Income Securities Fund – Class 3 (FrVIPGlInc3)

Franklin Templeton VIP – Income Securities Fund – Class 2 (FrVIPIncSec2)

Franklin Templeton VIP – Rising Dividends Securities Fund – Class 2 (FrVIPRisDiv2)

Franklin Templeton VIP – Small Cap Value Securities Fund – Class 2 (FrVIPSCapV2)

(Continued)

83

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Portfolios of the Janus Aspen Series;

Janus Aspen Series – Balanced Portfolio – Service Shares (JAspBal)

Janus Aspen Series – Forty Portfolio – Service Shares (JAspForty)

Janus Aspen Series – Global Technology Portfolio – Service II Shares (JAspGlTechS2)

Janus Aspen Series – Global Technology Portfolio – Service Shares (JAspGlTechS)

Janus Aspen Series – INTECH Risk-Managed Core Portfolio – Service Shares (JAspRMgCore)

Janus Aspen Series – International Growth Portfolio – Service II Shares (JAspIntGroS2)

Janus Aspen Series – International Growth Portfolio – Service Shares (JAspIntGroS)

JPMorgan Series Trust II – Mid Cap Value Portfolio (JPM2MdCap)

Portfolio of the Lehman Brothers Advisers Management Trust (Lehman Brothers AMT);

Lehman Brothers AMT – Short Duration Bond Portfolio – I Class

(formerly Neuberger Berman AMT – Limited Maturity Bond Portfolio – Class I) (LBTShrtDBd)

Portfolios of the MFS Variable Insurance Trust (MFS VIT);

MFS VIT – Investors Growth Stock Series – Service Class (MFSInvGrStS)

MFS VIT – Mid Cap Growth Series – Service Class (MFSMidCapGrS)

MFS VIT – New Discovery Series – Service Class (MFSNewDiscS)

MFS VIT – Value Series – Service Class (MFSValueS)

Nationwide GVIT Strategic Value Fund – Class I (NWStratV)*

Portfolios of the Nationwide Variable Insurance Trust (Nationwide VIT) (formerly Gartmore GVIT);

Nationwide VIT – American Funds Asset Allocation Fund – Class II (NVITAstAll2)

Nationwide VIT – American Funds Bond Fund – Class II (NVITBnd2)

Nationwide VIT – American Funds Global Growth Fund – Class II (NVITGlobGr2)

Nationwide VIT – American Funds Growth – Income Fund – Class II (NVITGroInc2)

Nationwide VIT – American Funds Growth Fund – Class II (NVITGrowth2)

Nationwide VIT – Federated High Income Bond Fund – Class I (NVITFHiInc)

Nationwide VIT – Federated High Income Bond Fund – Class III (NVITFHiInc3)

Nationwide VIT – Gartmore Emerging Markets Fund – Class I (NVITEmMrkts)

Nationwide VIT – Gartmore Emerging Markets Fund – Class III (NVITEmMrkts3)

Nationwide VIT – Gartmore Emerging Markets Fund – Class VI (NVITEmMrkts6)

Nationwide VIT – Gartmore Global Utilities Fund – Class I (NVITGlUtl)

Nationwide VIT – Gartmore Global Utilities Fund – Class III (NVITGlUtl3)

Nationwide VIT – Gartmore International Growth Fund – Class I (NVITIntGro)

Nationwide VIT – Gartmore International Growth Fund – Class III (NVITIntGro3)

Nationwide VIT – Gartmore Worldwide Leaders Fund – Class I (NVITWLead)

Nationwide VIT – Gartmore Worldwide Leaders Fund – Class III (NVITWLead3)

Nationwide VIT – Global Financial Services Fund – Class I (NVITGlFin)

Nationwide VIT – Global Financial Services Fund – Class III (NVITGlFin3)

Nationwide VIT – Global Health Sciences Fund – Class I (NVITGlHlth)

Nationwide VIT – Global Health Sciences Fund – Class III (NVITGlHlth3)

Nationwide VIT – Global Technology and Communications Fund – Class I (NVITGlTech)

Nationwide VIT – Global Technology and Communications Fund – Class III (NVITGlTech3)

Nationwide VIT – Government Bond Fund – Class I (NVITGvtBd)

Nationwide VIT – Government Bond Fund – Class II (NVITGvtBd2)

Nationwide VIT – Growth Fund – Class I (NVITGrowth)

Nationwide VIT – International Index Fund – Class VIII (NVITIntIdx8)

Nationwide VIT – International Value Fund – Class II (NVITIntVal2)

Nationwide VIT – International Value Fund – Class III (NVITIntVal3)

Nationwide VIT – International Value Fund – Class VI (NVITIntVal6)

Nationwide VIT – Investor Destinations Aggressive Fund – Class II (NVITIDAgg2)

Nationwide VIT – Investor Destinations Conservative Fund – Class II (NVITIDCon2)

Nationwide VIT – Investor Destinations Moderate Fund – Class II (NVITIDMod2)

Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class II (NVITIDModAg2)

(Continued)

84

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class II (NVITIDModCon2)

Nationwide VIT – J.P. Morgan Balanced Fund – Class I (NVITJPBal)

Nationwide VIT – Mid Cap Growth Fund – Class I (NVITMdCpGr)

Nationwide VIT – Mid Cap Index Fund – Class I (NVITMidCap)

Nationwide VIT – Money Market Fund – Class I (NVITMyMkt)

Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class I

(formerly Gartmore GVIT – Small Cap Growth Fund – Class I) (NVITSmCapGr)

Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class II

(formerly Gartmore GVIT – Small Cap Growth Fund – Class II) (NVITSmCapGr2)

Nationwide VIT – Multi-Manager Small Cap Value Fund – Class I

(formerly Gartmore GVIT – Small Cap Value Fund – Class I) (NVITSmCapVal)

Nationwide VIT – Multi-Manager Small Cap Value Fund – Class II

(formerly Gartmore GVIT – Small Cap Value Fund – Class II) (NVITSmCapVal2)

Nationwide VIT – Multi-Manager Small Company Fund – Class I

(formerly Gartmore GVIT – Small Company Fund – Class I) (NVITSmComp)

Nationwide VIT – Multi-Manager Small Company Fund – Class II

(formerly Gartmore GVIT – Small Company Fund – Class II) (NVITSmComp2)

Nationwide VIT – Nationwide Fund – Class I (NVITNWFund)

Nationwide VIT – Nationwide Fund – Class II (NVITNWFund2)

Nationwide VIT – Nationwide Leaders Fund – Class I (NVITNWLead)

Nationwide VIT – Nationwide Leaders Fund – Class III (NVITNWLead3)

Nationwide VIT – U.S. Growth Leaders Fund – Class I (NVITUSGro)

Nationwide VIT – U.S. Growth Leaders Fund – Class III (NVITUSGro3)

Nationwide VIT – Van Kampen Comstock Value Fund – Class I (NVITVKVal)

Nationwide VIT – Van Kampen Multi Sector Bond Fund – Class I (NVITMltSec)

Portfolios of the Neuberger Berman Advisers Management Trust (Neuberger Berman AMT);

Neuberger Berman AMT – Fasciano Portfolio – S Class Shares (NBTAFasc)

Neuberger Berman AMT – Focus Portfolio – S Class Shares (NBTAFocus)*

Neuberger Berman AMT – Guardian Portfolio – I Class Shares (NBTAGuard)

Neuberger Berman AMT – International Portfolio – Class S (NBTAInt)

Neuberger Berman AMT – Mid Cap Growth Portfolio – I Class Shares (NBTAMCGr)

Neuberger Berman AMT – Partners Portfolio – Class I (NBTAPart)

Neuberger Berman AMT – Regency Portfolio – Class S (NBTARegS)

Neuberger Berman AMT – Socially Responsive Portfolio Class I (NBTSocRes)

Portfolios of the Oppenheimer Variable Account Funds (Oppenheimer VAF);

Oppenheimer VAF – Capital Appreciation Fund – Service Class (OppCapApS)

Oppenheimer VAF – Capital Appreciation Fund – Non-Service Shares (OppCapAp)

Oppenheimer VAF – Global Securities Fund – Class 3 (OppGlSec3)

Oppenheimer VAF – Global Securities Fund – Non-Service Shares (OppGlSec)

Oppenheimer VAF – Global Securities Fund – Service Class (OppGlSecS)

Oppenheimer VAF – High Income Fund – Class 3 (OppHighInc3)

Oppenheimer VAF – High Income Fund – Class 4 (OppHighInc4)*

Oppenheimer VAF – High Income Fund – Non-Service Shares (OppHighInc)

Oppenheimer VAF – High Income Fund – Service Class (OppHighIncS)

Oppenheimer VAF – Main Street Small Cap Fund^® – Non-Service Shares (OppMStSCap)

Oppenheimer VAF – Main Street Small Cap Fund^® – Service Class (OppMStSCapS)

Oppenheimer VAF – Main Street^® – Non-Service Shares (OppMSt)

Oppenheimer VAF – Main Street^® – Service Class (OppMStS)

Oppenheimer VAF – Mid Cap Fund – Non-Service Shares (OppMidCap)

Oppenheimer VAF – Strategic Bond Fund – Service Class (OppStratBdS)

Portfolios of the PIMCO Variable Insurance Trust (PIMCO VIT);

PIMCO VIT – Real Return Portfolio – Administrative Shares (PVITRealRet)

PIMCO VIT – Total Return Portfolio – Administrative Shares (PVITTotRet)

(Continued)

85

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Portfolios of the Putnam Variable Trust (Putnam VT);

Putnam VT – Growth and Income Fund – IB Shares (PVTGroInc)

Putnam VT – International Equity Fund – IB Shares (PVTIntlEq)*

Putnam VT – Voyager Fund – IB Shares (PVTVoygr)*

Royce Capital Fund – Micro Cap Portfolio (RCFMicroCap)

SBL Fund – Series D (Global Series) (SBLGlob)

SBL Fund – Series J (Mid Cap Growth Series) (SBLMidCapGr)

SBL Fund – Series N (Managed Asset Allocation Series) (SBLAsAlloc)

SBL Fund – Series O (Equity Income Series) (SBLEqInc)

SBL Fund – Series P (High Yield Series) (SBLHighYld)

SBL Fund – Series Q (Small Cap Value Series) (SBLSmCapVal)

SBL Fund – Series V (Mid Cap Value Series) (SBLMidCapVal)

SBL Fund – Series X (Small Cap Growth Series) (SBLSmCapGr)

SBL Fund – Series Y (Select 25 Series) (SBLSel25)

Portfolios of T. Rowe Price;

T. Rowe Price Blue Chip Growth Portfolio – II (TRoeBlChip2)

T. Rowe Price Equity Income Portfolio – II (TRowEqInc2)

T. Rowe Price Limited Term Bond Portfolio – Class II (TRowLtdTBd2)

The Dreyfus Socially Responsible Growth Fund, Inc. – Initial Shares (DrySRGro)

The Dreyfus Socially Responsible Growth Fund, Inc. – Service Shares (DrySRGroS)

Turner GVIT Growth Focus Fund – Class I (TurnGrowth)*

Turner GVIT Growth Focus Fund – Class III (TurnGrowth3)*

Portfolios of the Van Eck Worldwide Insurance Trust;

Van Eck Worldwide Insurance Trust – Emerging Markets Fund – Class R1 (VEWrldEMktR1)

Van Eck Worldwide Insurance Trust – Emerging Markets Fund – Initial Class (VEWrldEMkt)

Van Eck Worldwide Insurance Trust – Hard Assets Fund – Class R1 (VEWrldHAsR1)

Van Eck Worldwide Insurance Trust – Hard Assets Fund – Initial Class (VEWrldHAs)

Portfolios of the Van Kampen Life Investment Trust (Van Kampen LIT);

Van Kampen LIT – Comstock Portfolio – Class II (VKLCom2)

Van Kampen LIT – Strategic Growth Portfolio – Class II (VKLStratGro2)

Portfolios of the Van Kampen – The Universal Institutional Funds, Inc. (Van Kampen UIF);

Van Kampen UIF – Core Plus Fixed Income Portfolio – Class I (VKUCorPlus)

Van Kampen UIF – Core Plus Fixed Income Portfolio – Class II (VKUCorPlus2)

Van Kampen UIF – Emerging Markets Debt Portfolio – Class I (VKUEmMkt)

Van Kampen UIF – International Magnum Portfolio – Class I (VKUIntMag)*

Van Kampen UIF – Mid Cap Growth Portfolio – class I (VKUMCpGro)

Van Kampen UIF – U.S. Real Estate Portfolio – Class I (VKUUSRE)

Portfolios of the Victory Variable Insurance Funds (Victory VIF);

Victory VIF – Diversified Stock Fund Class A Shares (VicDivrStk) Victory

VIF – Investment Quality Bond Fund Class A Shares (VicInvQBd)* Victory

VIF – Small Company Opportunity Fund Class A Shares (VicSmCoOpp)*

(Continued)

86

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Portfolios of the W&R Target Funds, Inc.;

W&R Target Funds, Inc. – Asset Strategy Portfolio (WRAsStrat)

W&R Target Funds, Inc. – Balanced Portfolio (WRBal)

W&R Target Funds, Inc. – Bond Portfolio (WRBond)

W&R Target Funds, Inc. – Core Equity Portfolio (WRCoreEq)

W&R Target Funds, Inc. – Dividend Income Portfolio (WRDivInc)

W&R Target Funds, Inc. – Energy Portfolio (WREnergy)

W&R Target Funds, Inc. – Global Natural Resources Portfolio (WRGlNatRes)

W&R Target Funds, Inc. – Growth Portfolio (WRGrowth)

W&R Target Funds, Inc. – High Income Portfolio (WRHiInc)

W&R Target Funds, Inc. – International Growth Portfolio (WRIntGro)

W&R Target Funds, Inc. – International Value Portfolio (WRIntVal)

W&R Target Funds, Inc. – Limited-Term Bond Portfolio (WRLTBond)*

W&R Target Funds, Inc. – Micro Cap Growth Portfolio (WRMicCpGr)

W&R Target Funds, Inc. – Mid Cap Growth Portfolio (WRMidCpGr)

W&R Target Funds, Inc. – Money Market Portfolio (WRMMkt)

W&R Target Funds, Inc. – Mortgage Securities Portfolio (WRMortSec)

W&R Target Funds, Inc. – Real Estate Securities Portfolio (WRRealEstS)

W&R Target Funds, Inc. – Science and Technology Portfolio (WRSciTech)

W&R Target Funds, Inc. – Small Cap Growth Portfolio (WRSmCpGr)

W&R Target Funds, Inc. – Small Cap Value Portfolio (WRSmCpVal)

W&R Target Funds, Inc. – Value Portfolio (WRValue)

Portfolio of the Wells Fargo Advantage Variable Trust Funds^SM (Wells Fargo AVT);

Wells Fargo AVT – Opportunity Fund^SM (WFVOpp)

*At December 31, 2007, contract owners were not invested in this fund.

The contract owners’ equity is affected by the investment results of each fund, equity transactions by contract owners and certain contract expenses (see note 2). The accompanying financial statements include only contract owners’ purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company.

A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.

A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Contract Owners’ Equity if a prior period purchase payment is refunded to a contract owner due to a contract cancellation during the free look period, and/or if a gain is realized by the contract owner during the free look period.

Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.

(Continued)

87

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued based on the closing net asset value per share at December 31, 2007 of such funds, which value their investment securities at fair value. The cost of investments sold is determined on a First in – First out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividends (which include capital gain distributions) are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

Operations of the Account form a part of, and are taxed with, operations of the Company which is taxed as a life insurance company under the Internal Revenue Code.                    

The Company does not provide for income taxes within the Account. Taxes are the responsibility of the contract owner upon termination or withdrawal.

(e) Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with U.S. generally accepted accounting principles may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(f) Calculation of Annuity Reserves

Annuity reserves are computed for contracts in the variable payout stage according to industry standard mortality tables. The assumed investment return is 3.5% unless the annuitant elects otherwise, in which case the rate may vary from 3.5% to 7%, as regulated by the laws of the respective states. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Account by the Company to cover greater longevity of annuitants than expected. Conversely, if reserves exceed amounts required, transfers may be made to the Company.

(g) New Accounting Pronouncement

In September 2006, the FASB issued SFAS 157, Fair Value Measurements (SFAS 157). SFAS 157 provides enhanced guidance for using fair value to measure assets and liabilities and requires new disclosures about fair value measurements. SFAS 157 also provides guidance regarding the extent to which companies measure assets and liabilities at fair value, the information used to measure fair value, and the effect of fair value measurements on earnings. For assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to initial recognition, the reporting entity shall disclose information that enables financial statement users to assess the inputs used to develop those measurements. SFAS 157 applies whenever other standards require (or permit) assets or liabilities to be measured at fair value but does not expand the use of fair value in any new circumstances. SFAS 157 is effective for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years, with early adoption permitted. The Company will adopt SFAS 157 effective January 1, 2008. SFAS 157 is not expected to have a material impact on the Company's financial position or results of operations upon adoption.

(Continued)

88

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

(2) Expenses

The Company does not deduct a sales charge from purchase payments received from the contract owners. However, if any part of the contract value of such contracts is surrendered the Company will, with certain exceptions, deduct from a contract owners’ contract value a contingent deferred sales charge.

On BOA Future, ElitePro Classic, BOA Choice, BOA V and BOA Choice Venue contracts the contingent deferred sales charge will not exceed 7% of purchase payments surrendered, such charge declining a specified percentage each year. After the purchase payment has been held in the contract for 7 years the charge is 0%. On ElitePro Ltd contracts, the contingent deferred sales charge will not exceed 7% of purchase payments surrendered, such charge declining a specified percentage each year. After the purchase payment has been held in the contract for 7 years the charge is 0%. On BOA Income contracts, the contingent deferred sales charge will not exceed 6% of purchase payments surrendered, such charge declining a specified percentage each year. After the purchase payment has been held in the contract for 7 years the charge is 0%. No sales charges are deducted on BOA Exclusive II contracts.

No sales charges are deducted on redemptions used to purchase units in the fixed investment options of the company.

The Company may deduct an annual contract maintenance charge of up to $35, depending on contract issued, which is satisfied by surrendering units.

The Company deducts a mortality and expense risk charge assessed through the daily unit value calculation. The Option table on the following page illustrates the annual rate for all contract level charges by product, as well as the maximum variable account charge per product. The table also summarizes the contract level options available to contract holders. The options and related charges are described in more detail in the applicable product prospectus.

(Continued)

89

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Nationwide Variable Account-9 Options	BOA Future(1)		BOA Exclusive II(2)		BOA V(3)		BOA Choice Venue		BOA Choice(4)		BOA Income		ElitePro Ltd		ElitePro Classic
Variable Account Charges – Recurring	0.95	%	1.20	%	1.10	%	1.50	%	1.20	%	1.25	%	1.75	%	1.60	%
Reduced Purchase Payment Option	0.25	%	–		–		–		–		–		–		–
Initial lowered to $1,000 and subsequent lowered to $25. Not available for investment only contracts.
Five Year CDSC Option	0.15	%	–		0.15	%	–		–		–		–		–
CDSC Waiver Options:
Additional (5%) Withdrawal without Charge and Disability	0.10	%	–		0.10	%	–		–		–		–		–
In addition to standard 10% CDSC-free withdrawal privilege.
10 Year and Disability Waiver for Tax Sheltered Annuities	0.05	%	–		0.05	%	–		–		–		–		–
CDSC waived if (i) contract owner has owned contract for 10 years and (ii) has made regular payroll deferrals during entire contract year for at least 5 of those 10 years.															–
Hardship Waiver for Tax Sheltered Annuities CDSC waived if contract owner experiences hardship (defined under IRC Section 401(k)).	0.15	%	–		0.15	%	–		–		–		–		–
Death Benefit Options:.
Allows enhanced provision in place of the standard death benefit.
One-Year Enhanced	0.15	%(5)	0.15	%(5)	–		–		–		–		–		–
One-Year Step Up	0.05	%(6)	0.10	%(6)	0.05	%	–		–		–		–		–
Greater of One-Year or 5% Enhanced	0.20	%(5)	0.20	%(5)	–		0.15	%	0.15	%(5)	–		–		–
5% Enhanced	0.10	%(7)	0.15	%(7)	0.10	%	–		0.05	%(7)	–		–		–
Guaranteed Minimum Income Benefit Options:
Provide for minimum guaranteed value that may replace contract value for annuitization under certain circumstances.
Option 1	0.45	%(8)	0.45	%(9)	–		0.45	%(9)	0.45	%(9)	–		–		–
Option 2	0.30	%(8)	0.30	%(9)	–		0.30	%(9)	0.30	%(9)	–		–		–
Spousal Protection Annuity Option	–		–		–		0.10	%	–		–		–		–
Allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.
Extra Value Option (EV)	0.45	%	–		–		–		–		–		–		–
Fee assessed to assets of the variable account and to allocations made to the fixed account or guaranteed term options for first seven contract years in exchange for application of 3% of purchase payments made during the first 12 months contract is in force.
Beneficiary Protector Option	0.40	%	0.40	%	–		0.40	%	0.40	%	–		–		–
Upon death of the annuitant, in addition to any death benefit payable, the contract will be credited an additional amount.
America’s Income Annuity Income Foundation Rider	–		–		–		–		–		1.00	%	–		–
Provides for a guarantee of variable annuity payments.
Capital Preservation Plus Option	0.50	%	0.50	%	–		0.50	%	–		–		–		–
Provides a return of principle guarantee over the elected program period.
Maximum Variable Account Charges (10) :	3.95	%	2.80	%	1.70	%	3.10	%	2.20	%	2.25	%	1.75	%	1.60	%

⁽¹⁾   Includes Key Corp, NEA, Waddell & Reed Advisors Select Plus, First Tennessee and BB&T products.

⁽²⁾   Includes Waddell & Reed Advisors Select Reserve product.

⁽³⁾  Includes NEA Select product.

⁽⁴⁾  Includes Key Corp and Paine Weber products.

⁽⁵⁾  Available beginning January 2, 2002 or a later date if state law requires.

⁽⁶⁾  Available until state approval is received for the One-Year Enhanced Death Benefit Option.

⁽⁷⁾  Available until state approval is received for Greater of One-Year or 5% Enhanced Death Benefit Option.

⁽⁸⁾  No longer available effective May 1, 2003. Applicant could elect one or both GMIB options.

⁽⁹⁾  No longer available effective May 1, 2003. Applicant could elect one GMIB option.

⁽¹⁰⁾  When maximum options are elected. The contract charges indicated in bold, when summarized, represent the Maximum Variable Account Charges if all optional benefits available under the contract are elected including the most expensive of the mutually exclusive optional benefits.

(Continued)

90

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

The following table provides mortality and expense risk charges by asset fee rates for the period ended

December 31, 2007.

	Total		AIMBBal	AIMBValue2	AIMCapAp	AIMCapAp2	AIMCapDev2	AIMCoreEq	AIMCoreEq2
0.95%	$	38,652,188	1,022	4,760	135	812	15,888	616	–
1.00%		14,023,144	–	2,882	–	428	4,513	–	–
1.05%		2,701,087	–	897	–	–	172	–	–
1.10%		13,709,132	1,740	743	281	163	1,555	894	–
1.15%		7,000,699	572	1,079	665	68	630	396	–
1.20%		19,729,644	64	1,856	–	1,513	8,400	–	–
1.25%		3,603,480	1,080	6,643	–	659	2,943	354	–
1.30%		3,300,027	186	176	28	–	344	–	–
1.35%		4,344,031	317	23	–	810	2,995	395	–
1.40%		25,866,155	90	2,506	669	518	7,891	1,191	–
1.45%		7,146,006	–	–	–	87	3,440	–	–
1.50%		3,435,274	–	23,505	–	3,915	2,987	–	5,492
1.55%		12,489,166	1,909	1,768	252	483	2,416	4,701	–
1.60%		6,592,715	9	7,372	281	1,960	956	–	1,820
1.65%		4,320,282	–	27,876	–	3,142	2,371	–	5,788
1.70%		1,546,232	–	–	–	–	122	–	–
1.75%		2,103,161	67	6,435	8	1,853	514	–	858
1.80%		1,643,542	–	2,876	–	598	544	–	556
1.85%		2,150,639	–	24	–	–	678	–	–
1.90%		644,687	–	2,755	–	206	381	–	557
1.95%		1,366,322	–	19,839	–	3,817	32	–	3,983
2.00%		1,262,174	316	120	–	–	102	–	–
2.05%		1,623,742	1,775	5,465	–	3,157	888	–	7,114
2.10%		936,906	–	17,166	–	1,239	110	–	3,258
2.15%		267,238	–	2,244	–	728	645	–	140
2.20%		900,582	–	8,020	–	4,228	1,264	–	1,481
2.25%		619,636	–	1,193	–	401	1,333	–	–
2.30%		154,517	–	–	–	–	–	–	–
2.35%		42,151	–	902	–	311	–	–	24
2.40%		257,710	–	–	–	–	12	–	–
2.45%		103,886	–	195	–	432	96	–	2,205
2.50%		107,969	–	3,590	–	–	–	–	122
2.55%		20,628	–	–	–	–	–	–	–
2.60%		157,291	–	7,879	–	136	617	–	696
2.65%		11,703	–	–	–	–	–	–	–
2.70%		7,592	–	–	–	–	–	–	–
2.85%		1,943	–	–	–	–	–	–	–
Totals	$	182,843,280	9,147	160,789	2,319	31,664	64,839	8,547	34,094
	AIMGlobHlth		AIMGlobRE	AIMLrgCpGr	AlVGrIncB	AlVLrgCpGrB	AlVSmMdCpB	ACVPIncGr	ACVPIncGr2
0.95%	$	–	328	1,036	–	–	–	539,337	–
1.00%		–	9	–	–	–	–	215,351	–
1.05%		–	–	–	–	–	–	46,924	–
1.10%		590	1,989	2,004	–	–	–	147,883	–
1.15%		51	711	90	–	–	–	65,398	–
1.20%		–	93	–	–	–	–	278,371	–
1.25%		–	–	165	302	–	87	42,395	–
1.30%		–	63	–	–	–	–	47,366	–
1.35%		–	–	139	–	–	–	55,429	–
1.40%		–	–	132	–	–	–	277,062	–
1.45%		–	–	–	–	–	–	82,911	–
1.50%		–	–	–	13,316	6,872	14,883	36,868	13,709
1.55%		–	–	1,643	–	–	–	126,906	–
1.60%		–	–	–	6,375	2,659	2,837	50,864	1,871
1.65%		–	–	–	9,902	20,028	16,296	65,417	9,795
1.70%		–	–	–	–	–	–	15,714	–
1.75%		–	–	–	1,221	1,509	4,327	28,423	1,761
1.80%		–	–	–	1,990	1,901	2,944	25,430	899
1.85%		–	–	–	–	–	–	14,207	–
1.90%		–	–	–	–	258	3,172	4,496	1,400
1.95%		–	–	–	10,130	12,907	19,739	3,907	3,584
2.00%		–	–	–	–	–	984	11,052	646
2.05%		–	–	651	8,773	3,991	10,228	15,969	4,156
2.10%		–	–	–	6,130	5,005	12,940	4,462	23,751

(Continued)

91

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	AIMGlobHlth		AIMGlobRE	AIMLrgCpGr	AlVGrIncB	AlVLrgCpGrB	AlVSmMdCpB	ACVPIncGr	ACVPIncGr2
2.15%		–	–	–	494	–	858	738	468
2.20%		–	–	–	7,062	2,036	8,695	1,897	10,490
2.25%		–	–	–	–	–	–	333	–
2.30%		–	–	–	–	–	–	539	–
2.35%		–	–	–	449	190	999	–	1,228
2.40%		–	–	–	–	–	–	929	–
2.45%		–	–	–	1,059	184	1,187	357	–
2.50%		–	–	–	718	1,517	772	134	509
2.55%		–	–	–	–	–	–	–	–
2.60%		–	–	–	2,057	472	1,344	125	1,481
2.65%		–	–	–	–	–	–	8	–
2.70%		–	–	–	–	–	–	280	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	641	3,192	5,860	69,978	59,439	102,292	2,207,481	75,748
	ACVPInflPro2		ACVPInt	ACVPInt3	ACVPMdCpV	ACVPMdCpV2	ACVPUltra	ACVPUltra2	ACVPVal
0.95%	$	128,768	338,167	215,752	42,780	–	30,300	–	1,185,065
1.00%		33,922	170,272	61,254	10,148	–	6,523	–	387,264
1.05%		8,765	26,122	14,766	1,512	–	1,305	–	70,152
1.10%		26,680	45,554	53,533	8,526	–	9,719	–	403,744
1.15%		24,597	21,073	39,215	5,109	–	7,372	–	219,054
1.20%		99,457	153,940	155,002	25,209	–	18,555	–	749,686
1.25%		20,824	21,764	14,355	3,050	2,380	3,892	–	114,291
1.30%		11,885	32,035	16,788	5,758	–	1,818	–	116,154
1.35%		24,131	17,473	27,099	6,407	–	4,368	–	170,947
1.40%		96,609	84,430	116,981	21,575	–	20,484	–	829,737
1.45%		24,533	55,444	21,706	4,394	–	5,374	–	218,207
1.50%		5,687	22,842	10,372	1,588	–	1,581	5,786	93,896
1.55%		30,450	29,381	37,236	8,902	–	9,452	–	395,650
1.60%		21,304	9,558	29,401	3,769	–	6,043	1,754	165,713
1.65%		14,756	16,093	25,742	4,011	–	4,389	4,807	128,479
1.70%		2,041	2,567	5,559	812	–	194	–	57,450
1.75%		5,128	2,732	8,789	856	–	1,457	2,710	62,451
1.80%		4,302	3,331	10,183	940	–	1,352	183	51,552
1.85%		4,022	4,470	11,999	3,140	–	1,082	–	72,458
1.90%		240	738	483	380	–	1,001	311	13,978
1.95%		2,141	7,185	3,615	448	–	306	6,035	8,435
2.00%		2,728	789	1,519	2,331	–	47	763	36,716
2.05%		939	4,028	13,737	2,192	–	–	2,364	39,644
2.10%		2,923	146	539	185	–	1,004	2,670	4,720
2.15%		70	39	412	829	–	–	33	6,202
2.20%		5,513	1,156	1,524	40	–	296	3,852	14,004
2.25%		9,166	–	453	275	2,523	82	–	7,313
2.30%		–	32	528	2,327	–	–	–	3,014
2.35%		182	–	–	–	–	–	95	–
2.40%		15	–	1,884	6,256	–	–	–	552
2.45%		64	–	–	38	–	–	147	2,976
2.50%		–	–	–	–	–	–	–	598
2.55%		–	–	80	524	–	–	–	196
2.60%		–	–	–	–	–	32	164	1,258
2.65%		–	–	–	174	–	–	–	194
2.70%		–	–	–	30	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	611,842	1,071,362	900,506	174,515	4,903	138,028	31,674	5,631,750
	ACVPVal2		ACVPVista1	ACVPVista2	BBTCapMgr	BBTLgCap	BBTLgCapGr	BBTMdCapGr	CSTGlobSmCp
0.95%	$	–	47,347	–	1,920	11,347	304	8,575	16,503
1.00%		–	25,688	–	–	–	–	–	6,280
1.05%		–	1,253	–	–	45	–	110	3,676
1.10%		–	8,468	–	4,769	11,965	309	5,360	854
1.15%		–	5,904	–	2,878	4,477	39	953	45
1.20%		–	16,892	–	29	237	–	182	2,029
1.25%		–	3,106	630	419	2,108	105	627	74
1.30%		–	1,557	–	618	2,483	131	1,345	18
1.35%		–	6,067	–	419	2,072	45	1,180	–
1.40%		–	23,106	–	313	11,749	263	5,063	–
1.45%		–	8,820	–	1,691	1,895	131	1,359	–
1.50%		34,759	1,630	–	92	161	9	99	–

(Continued)

92

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	ACVPVal2		ACVPVista1	ACVPVista2	BBTCapMgr	BBTLgCap	BBTLgCapGr	BBTMdCapGr	CSTGlobSmCp
1.55%		–	12,628	–	1,884	9,565	252	2,445	–
1.60%		7,865	2,698	–	4,825	4,905	309	5,032	–
1.65%		16,510	1,753	–	3,135	532	5	941	–
1.70%		–	1,816	–	6,890	79	4	42	–
1.75%		6,225	225	–	13	279	27	396	–
1.80%		9,436	904	–	–	–	3	–	–
1.85%		–	2,402	–	–	6,531	652	7,956	–
1.90%		8,964	–	–	–	2,430	–	4,138	–
1.95%		22,520	1	–	–	–	–	–	–
2.00%		3,601	922	–	–	647	69	–	–
2.05%		15,159	197	–	–	–	–	1,259	–
2.10%		11,484	10	–	–	–	–	–	–
2.15%		1,634	393	–	–	–	–	–	–
2.20%		9,012	362	–	–	–	–	–	–
2.25%		–	121	1,340	–	–	–	–	–
2.30%		–	26	–	–	–	–	–	–
2.35%		2,536	–	–	–	–	–	–	–
2.40%		–	43	–	–	–	–	–	–
2.45%		3,068	40	–	–	–	–	–	–
2.50%		464	–	–	–	–	–	–	–
2.55%		–	10	–	–	–	–	–	–
2.60%		2,608	–	–	–	–	–	–	–
2.65%		–	–	–	–	–	–	–	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	155,845	174,389	1,970	29,895	73,507	2,657	47,062	29,478
	CSTIntFoc		CSTLCapV	DryIPELead	DryIPSmCap	DryStkIx	DryVApp	DryVAppS	DryVDevLd
0.95%	$	39,413	49,843	–	144,606	2,530,805	361,460	–	938
1.00%		22,624	28,032	–	41,901	1,144,029	144,552	–	–
1.05%		5,491	10,373	–	7,318	229,196	41,748	–	–
1.10%		1,173	2,527	–	53,911	613,690	101,738	–	308
1.15%		129	472	–	27,952	325,597	49,782	–	–
1.20%		4,202	17,731	–	71,888	1,139,889	172,896	–	–
1.25%		1,150	2,340	–	18,267	169,784	32,166	–	32
1.30%		336	2,836	–	13,432	215,329	32,294	–	–
1.35%		–	226	–	34,317	284,057	38,141	–	122
1.40%		120	1,688	–	79,122	966,207	153,285	–	374
1.45%		103	1,186	–	18,648	353,122	32,272	–	–
1.50%		953	1,219	1,252	7,709	83,374	19,187	10,814	–
1.55%		–	24	–	34,734	359,504	63,441	–	872
1.60%		43	–	350	21,637	194,963	30,227	6,746	–
1.65%		356	164	689	11,004	114,249	26,089	7,140	–
1.70%		–	26	–	6,602	87,357	6,949	–	–
1.75%		–	–	798	6,091	59,499	5,573	4,146	–
1.80%		–	541	82	4,198	61,700	10,136	961	–
1.85%		–	33	–	5,659	46,128	7,555	–	5,153
1.90%		–	10	40	4,290	22,126	2,041	824	–
1.95%		–	–	1,000	1,224	27,635	1,164	4,248	–
2.00%		–	–	163	4,211	28,768	2,816	93	–
2.05%		–	–	694	8,324	62,891	5,639	18,510	–
2.10%		–	6	506	200	3,242	1,821	5,861	–
2.15%		–	–	145	183	8,604	1,716	5	–
2.20%		–	–	1,709	1,837	12,262	607	3,362	–
2.25%		–	–	–	9	10,675	1,481	–	–
2.30%		–	8	–	415	4,133	122	–	–
2.35%		–	–	–	–	185	25	201	–
2.40%		–	–	–	51	69	248	–	–
2.45%		–	–	104	107	20	58	3,226	–
2.50%		–	–	–	–	–	–	1,257	–
2.55%		–	–	–	–	–	–	–	–
2.60%		–	–	99	–	–	885	674	–
2.65%		–	–	–	–	736	–	–	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	76,092	119,285	7,631	629,847	9,159,825	1,348,114	68,068	7,799

(Continued)

93

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	DryVIntVal		FedAmLeadS	FedCapApS	FedHiIncS	FedMrkOp	FedQualBd	FedQualBdS	FidVIPEIS
0.95%	$	1,175	–	–	–	2,512	624,298	–	2,120,214
1.00%		–	–	–	–	3,673	143,725	–	860,229
1.05%		–	–	–	–	87	36,816	–	188,240
1.10%		335	–	–	–	83	218,309	–	575,480
1.15%		83	–	–	–	283	124,969	–	298,886
1.20%		–	–	–	–	1,824	387,108	–	1,117,602
1.25%		–	–	–	–	20	65,983	–	159,137
1.30%		–	–	–	–	326	67,425	–	159,369
1.35%		–	–	–	–	221	105,790	–	294,053
1.40%		2,513	–	–	–	2,797	479,622	–	1,243,326
1.45%		–	–	–	–	3,239	107,797	–	354,348
1.50%		–	2,526	1,523	14,355	137	58,010	32,713	111,910
1.55%		2,755	–	–	–	549	238,351	–	531,250
1.60%		–	–	4,655	4,103	224	143,904	10,654	267,661
1.65%		–	1,460	759	15,331	242	60,542	25,703	188,015
1.70%		–	–	–	–	178	53,546	–	54,983
1.75%		–	706	147	3,579	179	70,013	9,331	104,252
1.80%		–	119	399	1,115	67	29,333	2,074	71,981
1.85%		–	–	–	–	489	38,422	–	84,837
1.90%		–	–	686	736	32	14,999	3,154	11,651
1.95%		–	1,686	5,013	7,689	–	3,542	24,578	21,181
2.00%		–	–	–	397	–	19,347	604	28,842
2.05%		–	1,020	2,960	6,110	–	34,663	12,154	54,731
2.10%		–	649	2,468	25,308	–	2,552	19,118	1,526
2.15%		–	81	88	2,329	163	2,769	482	5,368
2.20%		–	2,661	2,239	4,578	–	7,432	12,014	13,161
2.25%		–	–	–	–	2	3,481	–	13,329
2.30%		–	–	–	–	–	1,592	–	4,876
2.35%		–	–	–	556	–	63	1,322	43
2.40%		–	–	–	–	–	743	–	5,074
2.45%		–	–	–	1,570	–	63	1,047	2,447
2.50%		–	–	–	7,729	–	726	2,089	–
2.55%		–	–	–	–	–	–	–	612
2.60%		–	434	37	422	–	1,850	5,727	913
2.65%		–	–	–	–	–	54	–	124
2.70%		–	–	–	–	–	462	–	639
2.85%		–	–	–	–	–	–	–	–
Totals	$	6,861	11,342	20,974	95,907	17,327	3,148,301	162,764	8,950,289
	FidVIPEIS2		FidVIPGrS	FidVIPGrS2	FidVIPHIS	FidVIPHISR	FidVIPOvS	FidVIPOvS2R	FidVIPOvSR
0.95%	$	–	1,199,182	–	499,547	48,971	203,696	–	316,016
1.00%		–	648,654	–	197,206	13,593	97,199	–	86,270
1.05%		–	115,458	–	50,743	3,477	19,804	–	15,117
1.10%		–	301,319	–	115,886	10,133	22,908	–	81,356
1.15%		–	135,266	–	52,836	3,937	12,246	–	54,889
1.20%		–	682,797	–	243,396	35,925	112,961	–	201,211
1.25%		–	100,093	–	32,102	2,072	16,905	–	22,936
1.30%		–	107,581	–	46,616	5,215	13,607	–	24,898
1.35%		–	134,385	–	45,174	7,076	9,313	–	37,302
1.40%		–	620,288	–	252,425	37,773	54,503	–	173,709
1.45%		–	273,915	–	77,771	9,499	36,403	–	41,198
1.50%		67,213	72,814	17,891	26,914	1,264	6,229	30,385	9,618
1.55%		–	191,861	–	74,568	10,867	12,639	–	64,724
1.60%		20,667	78,299	8,310	39,903	3,247	2,096	11,709	34,298
1.65%		38,643	103,162	13,716	31,081	2,069	6,331	29,346	29,627
1.70%		–	55,706	–	12,303	1,439	3,520	–	7,983
1.75%		18,520	27,871	7,517	38,022	1,471	3,162	9,902	11,542
1.80%		13,039	27,209	3,708	11,165	863	2,595	3,413	9,424
1.85%		–	20,676	–	15,650	1,184	4,159	–	15,680
1.90%		13,662	11,607	1,953	1,928	395	1,134	7,884	3,739
1.95%		44,242	8,682	6,831	3,796	350	1,071	36,387	673
2.00%		610	24,095	380	11,005	2,807	1,820	2,743	3,171
2.05%		12,752	14,275	14,669	5,146	676	1,880	19,932	8,592
2.10%		39,356	1,758	10,633	1,196	144	357	25,342	2,001
2.15%		753	5,532	99	4,993	2,038	–	762	676
2.20%		23,973	4,962	11,392	4,353	264	995	18,093	3,188
2.25%		–	1,364	–	166	180	–	–	586
2.30%		–	492	–	1,523	1,611	–	–	1,826

(Continued)

94

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	FidVIPEIS2		FidVIPGrS	FidVIPGrS2	FidVIPHIS	FidVIPHISR	FidVIPOvS	FidVIPOvS2R	FidVIPOvSR
2.35%		811	64	24	–	–	–	429	–
2.40%		–	48	–	4,736	4,834	–	–	14
2.45%		3,282	4	3,931	80	2	–	3,880	140
2.50%		3,901	95	1,495	–	–	–	4,843	–
2.55%		–	–	–	662	532	–	–	–
2.60%		10,145	755	1,934	–	–	–	2,153	–
2.65%		–	240	–	433	107	–	–	139
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	311,569	4,970,508	104,483	1,903,325	214,015	647,532	207,203	1,262,543
	FidVIPConS		FidVIPConS2	FidVIPIGBdS	FidVIPGrOpS	FidVIPMCapS	FidVIPMCapS2	FidVIPVaIS	FidVIPVaIS2
0.95%	$	2,478,110	–	193,375	219,033	93,705	–	105,717	–
1.00%		1,062,360	–	60,931	130,656	33,471	–	43,413	–
1.05%		176,713	–	11,423	33,070	6,036	–	5,542	–
1.10%		665,247	–	64,649	22,314	31,683	–	26,785	–
1.15%		317,220	–	23,580	6,998	15,594	–	17,735	–
1.20%		1,372,741	–	90,251	72,433	72,025	–	60,831	–
1.25%		184,447	–	23,222	9,794	7,295	9,608	15,051	–
1.30%		230,113	–	21,216	11,378	12,802	–	10,517	–
1.35%		303,924	–	17,454	9,027	15,247	–	15,753	–
1.40%		1,252,944	–	105,029	47,057	47,490	–	82,341	–
1.45%		423,564	–	30,665	20,728	21,683	–	24,679	–
1.50%		142,323	74,079	10,956	6,746	4,593	48,769	3,546	11,454
1.55%		444,795	–	34,094	19,139	28,742	–	32,862	–
1.60%		215,810	16,072	43,515	5,378	13,831	17,465	18,403	2,739
1.65%		164,527	48,243	10,913	11,261	12,681	32,513	9,096	2,624
1.70%		76,563	–	6,239	3,558	6,744	–	8,182	–
1.75%		107,073	24,552	9,187	2,205	1,596	13,838	7,694	3,985
1.80%		77,699	8,657	8,778	1,229	1,706	4,152	3,131	1,806
1.85%		86,768	–	14,451	3,476	9,414	–	3,734	–
1.90%		23,977	10,965	5,402	825	2,769	6,637	466	1,365
1.95%		20,192	64,015	736	841	884	33,939	843	9,262
2.00%		46,431	3,519	4,193	356	6,625	5,531	2,431	55
2.05%		46,771	30,157	4,042	1,406	2,843	31,314	855	4,036
2.10%		8,489	43,457	1,083	79	307	29,664	4,123	10,689
2.15%		9,581	1,772	850	1,534	1,940	1,097	1,438	674
2.20%		9,565	30,803	2,300	222	301	18,273	1,493	3,147
2.25%		52,721	–	14,542	10	497	17,204	2,360	–
2.30%		8,958	–	8	3	4,955	–	197	–
2.35%		94	3,362	–	38	–	1,704	–	–
2.40%		20,895	–	21	–	12,250	–	42	–
2.45%		1,080	1,222	–	–	–	4,059	5	16
2.50%		1,551	3,181	–	–	–	9,247	223	1,406
2.55%		1,830	–	–	–	1,071	–	–	–
2.60%		1,540	4,277	–	–	–	2,797	–	1,609
2.65%		451	–	–	–	324	–	18	–
2.70%		123	–	–	–	–	–	–	–
2.85%		252	–	–	–	–	–	–	–
Totals	$	10,037,442	368,333	813,105	640,795	471,104	287,811	509,506	54,867
	FidVIPEnergyS2		FidVIPFree10S	FidVIPFree10S2	FidVIPFree20S	FidVIPFree20S2	FidVIPFree30S	FidVIPFree30S2	FrVIPDevMrk3
0.95%	$	76,852	11,159	–	11,688	–	3,640	–	44,176
1.00%		37,417	10,068	–	7,312	–	1,852	–	17,471
1.05%		5,220	301	–	343	–	–	–	3,437
1.10%		15,379	3,606	–	2,485	–	4,374	–	7,879
1.15%		12,779	1,676	–	1,346	–	1,418	–	3,990
1.20%		40,897	3,105	–	6,731	–	3,636	–	19,600
1.25%		9,599	1,822	452	1,159	205	248	1,117	7,866
1.30%		4,317	3,514	–	136	–	69	–	2,074
1.35%		16,703	341	–	2,161	–	2,388	–	2,145
1.40%		29,971	18,127	–	5,969	–	3,830	–	22,517
1.45%		15,289	1,263	–	809	–	980	–	13,340
1.50%		3,621	1,112	–	1,716	–	–	–	687
1.55%		19,839	7,716	–	1,968	–	595	–	10,150
1.60%		7,802	–	–	–	–	136	–	7,348
1.65%		4,304	13	–	1,582	–	127	–	2,124
1.70%		1,333	370	–	32	–	46	–	1,754

(Continued)

95

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	FidVIPEnergyS2		FidVIPFree10S	FidVIPFree10S2	FidVIPFree20S	FidVIPFree20S2	FidVIPFree30S	FidVIPFree30S2	FrVIPDevMrk3
1.75%		1,609	1,044	–	1,069	–	99	–	138
1.80%		1,881	133	–	–	–	1,502	–	1,267
1.85%		3,376	994	–	1,910	–	186	–	1,322
1.90%		335	–	–	–	–	–	–	2,505
1.95%		598	–	–	–	–	–	–	42
2.00%		4,881	1,635	–	–	–	–	–	1,601
2.05%		2,865	303	–	52	–	–	–	2,632
2.10%		225	–	–	–	–	4	–	32
2.15%		1,029	–	–	–	–	–	–	46
2.20%		1,517	–	–	–	–	–	–	404
2.25%		277	–	–	–	573	–	3,518	44
2.30%		2,199	–	–	283	–	–	–	25
2.35%		–	–	–	–	–	–	–	–
2.40%		3,767	–	–	–	–	–	–	6
2.45%		–	–	–	–	–	–	–	–
2.50%		–	–	–	–	–	–	–	–
2.55%		337	–	–	–	–	–	–	11
2.60%		–	–	–	–	–	–	–	–
2.65%		110	–	–	–	–	–	–	–
2.70%		30	–	–	–	–	–	–	–
2.85%		–		–	–	–	–	–	–
Totals	$	326,358	68,302	452	48,751	778	25,130	4,635	176,633
	FrVIPForSec2		FrVIPForSec3	FrVIPGlInc3	FrVIPIncSec2	FrVIPRisDiv2	FrVIPSCapV2	JAspBal	JAspForty
0.95%	$	–	29,442	66,162	115,671	–	64,796	–	527,296
1.00%		–	10,578	20,426	63,615	–	17,324	–	268,670
1.05%		–	1,658	5,150	12,321	–	1,693	–	30,009
1.10%		–	8,210	15,603	32,046	–	12,413	–	134,611
1.15%		–	5,324	7,461	14,430	–	5,615	–	63,621
1.20%		–	17,935	37,519	101,015	–	34,524	–	367,233
1.25%		1,297	8,710	6,335	23,720	11,383	11,190	464	54,575
1.30%		–	2,093	4,485	31,523	–	1,786	–	96,939
1.35%		–	3,100	8,128	23,706	–	5,926	–	59,169
1.40%		–	20,339	31,534	108,968	–	20,535	–	389,339
1.45%		–	4,988	9,568	43,270	–	12,327	–	206,682
1.50%		–	1,117	752	10,471	–	2,497	–	48,445
1.55%		–	8,248	7,238	49,148	–	10,360	–	126,169
1.60%		–	2,886	8,619	12,675	–	6,652	–	50,531
1.65%		–	2,359	4,763	6,837	–	2,558	–	64,605
1.70%		–	870	3,820	6,344	–	2,593	–	20,299
1.75%		–	1,344	1,141	12,641	–	266	–	12,732
1.80%		–	518	4,061	4,578	–	2,916	–	26,591
1.85%		–	3,892	3,625	13,339	–	3,123	–	17,741
1.90%		–	652	1,503	922	–	1,720	–	11,806
1.95%		–	–	377	1,065	–	560	–	13,704
2.00%		–	529	5,210	6,955	–	2,858	–	8,656
2.05%		–	1,066	2,306	5,690	–	2,123	–	13,103
2.10%		–	189	341	449	–	283	–	2,150
2.15%		–	–	1,531	2,975	–	1,181	–	3,144
2.20%		–	40	353	850	–	440	–	2,760
2.25%		–	–	161	4,370	8,229	177	–	376
2.30%		–	–	2,883	217	–	1,749	–	92
2.35%		–	–	–	–	–	–	–	61
2.40%		–	–	5,560	56	–	4,805	–	1,311
2.45%		–	–	–	–	–	–	–	4
2.50%		–	–	–	–	–	–	–	1,008
2.55%		–	–	551	–	–	458	–	–
2.60%		–	–	–	–	–	–	–	894
2.65%		–	–	108	–	–	106	–	–
2.70%		–	–	33	–	–	–	–	154
2.85%		–		–	–	–	–	–	–
Totals	$	1,297	136,087	267,307	709,867	19,612	235,554	464	2,624,480

(Continued)

96

NATIONWIDE VARIABLE ACCOUNT- 9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	JAspGlTechS2		JAspGlTechS	JAspRMgCore	JAspIntGroS2	JAspIntGroS	JPM2MdCap	LBTShrtDBd	MFSInvGrStS
0.95%	$	45,681	107,757	8,423	409,877	428,054	98,278	128,441	–
1.00%		15,724	63,796	5,600	164,893	239,519	35,881	40,610	–
1.05%		3,533	7,713	65	22,246	27,440	7,379	6,299	–
1.10%		15,293	19,505	1,305	157,733	111,266	26,271	32,877	–
1.15%		9,447	10,491	238	62,934	52,704	14,066	20,175	–
1.20%		37,445	60,709	3,287	325,331	307,654	72,867	168,197	–
1.25%		11,884	8,877	498	55,244	34,984	8,990	11,849	3,420
1.30%		3,796	11,412	18	33,139	45,469	20,652	12,026	–
1.35%		8,286	4,957	1,104	72,081	23,029	13,620	20,373	–
1.40%		29,929	63,815	5,703	253,557	245,639	46,495	71,378	–
1.45%		10,844	43,535	3,740	80,990	164,599	14,538	27,046	–
1.50%		3,144	9,129	394	28,211	41,083	12,933	17,891	–
1.55%		15,428	11,986	1,574	98,429	66,698	23,194	31,056	–
1.60%		3,254	3,763	1,859	53,787	18,399	11,395	11,632	–
1.65%		11,059	8,249	1,708	51,199	26,570	9,812	9,861	–
1.70%		3,284	2,489	–	23,105	12,020	4,488	3,256	–
1.75%		2,324	287	164	24,114	4,015	2,209	7,503	–
1.80%		2,637	1,774	235	12,588	14,262	3,718	7,517	–
1.85%		2,371	850	1,964	16,970	14,769	4,068	4,019	–
1.90%		531	1,151	1,481	5,328	1,752	1,981	783	–
1.95%		116	1,389	512	6,750	5,700	156	3,821	–
2.00%		1,237	739	34	18,451	6,815	1,215	1,578	–
2.05%		1,760	2,732	941	10,728	4,512	3,940	1,390	–
2.10%		431	309	–	2,360	1,334	1,998	6,489	–
2.15%		116	33	205	6,501	210	365	12	–
2.20%		376	337	1,769	2,523	3,609	1,926	1,830	–
2.25%		253	21	113	1,485	613	80	2,801	89
2.30%		1,292	3	–	7,578	21	521	–	–
2.35%		35	12	–	–	33	–	358	–
2.40%		52	–	–	20,084	–	–	–	–
2.45%		153	39	9	–	7	–	–	–
2.50%		–	–	197	84	199	–	–	–
2.55%		48	–	–	1,975	–	–	–	–
2.60%		–	–	–	–	–	–	–	–
2.65%		–	–	–	425	–	–	–	–
2.70%		–	–	–	69	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	241,763	447,859	43,140	2,030,769	1,902,977	443,036	651,068	3,509
	MFSMidCapGrS		MFSNewDiscS	MFSValueS	NVITAstAll2	NVITBnd2	NVITGlobGr2	NVITGroInc2	NVITGrowth2
0.95%	$	–	–	132,386	75,564	76,290	58,401	4,478	60,723
1.00%		–	–	24,975	37,658	16,290	18,544	916	21,354
1.05%		–	–	3,299	5,940	7,721	3,312	244	8,034
1.10%		–	–	20,806	19,069	15,068	21,065	1,288	25,919
1.15%		–	–	8,611	21,637	11,802	8,886	470	14,898
1.20%		–	–	55,715	79,855	81,585	51,214	5,429	60,482
1.25%		–	–	11,546	8,724	7,220	9,077	1,699	11,098
1.30%		–	–	9,846	25,660	8,251	37,038	709	19,224
1.35%		–	–	6,953	13,484	17,417	11,651	1,217	20,189
1.40%		–	–	37,459	71,789	54,839	46,392	2,769	74,452
1.45%		–	–	21,661	9,369	8,795	3,776	50	7,637
1.50%		10,992	3,477	22,852	3,212	2,347	2,451	43	4,050
1.55%		–	–	30,234	21,866	13,816	10,477	667	11,951
1.60%		3,177	1,381	12,837	6,444	6,847	3,624	143	12,785
1.65%		10,033	4,815	22,446	4,938	7,649	5,508	433	8,005
1.70%		–	–	2,927	4,094	510	1,420	8	2,434
1.75%		3,654	925	8,237	3,916	303	1,292	81	3,025
1.80%		2,168	707	1,769	1,613	1,734	1,330	55	1,362
1.85%		–	–	3,523	7,453	3,852	7,147	143	2,130
1.90%		2,093	929	6,659	58	1,298	209	22	490
1.95%		8,038	5,837	11,895	981	217	120	–	124
2.00%		–	–	7,396	2,739	2,466	648	18	633
2.05%		6,391	3,185	18,349	12,085	1,680	2,493	–	427
2.10%		5,779	3,579	5,666	342	76	161	–	40
2.15%		44	5	4,143	368	1,748	75	–	99
2.20%		2,482	2,025	11,310	2,164	423	54	5	302
2.25%		–	–	4,829	8,702	6,928	–	590	9,630
2.30%		–	–	3,452	–	780	–	–	–

(Continued)

97

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	MFSMidCapGrS		MFSNewDiscS	MFSValueS	NVITAstAll2	NVITBnd2	NVITGlobGr2	NVITGroInc2	NVITGrowth2
2.35%		–	174	458	–	–	–	–	–
2.40%		–	–	10,733	346	1,474	–	–	–
2.45%		257	547	1,300	–	–	–	–	–
2.50%		2,167	151	990	–	–	–	–	–
2.55%		–	–	957	–	262	–	–	–
2.60%		1,030	161	879	–	–	–	–	–
2.65%		–	–	291	–	–	–	–	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–		–	–	–	–	–	–
Totals	$	58,305	27,898	527,389	450,070	359,688	306,365	21,477	381,497
	NVITFHiInc		NVITFHiInc3	NVITEmMrkts	NVITEmMrkts3	NVITEmMrkts6	NVITGlUtl	NVITGlUtl3	NVITIntGro
0.95%	$	245,736	120,043	18,543	385,341	–	–	78,666	4,443
1.00%		100,959	33,738	3,605	148,170	–	–	52,489	265
1.05%		24,082	6,271	144	14,170	–	–	4,505	1,004
1.10%		78,087	33,480	7,923	92,059	–	–	14,779	2,200
1.15%		45,173	11,981	2,293	54,524	–	–	14,875	551
1.20%		98,413	168,487	2,344	196,921	–	–	45,637	889
1.25%		17,434	17,820	2,824	32,017	–	1,009	4,009	536
1.30%		27,017	18,371	892	32,598	–	–	4,819	92
1.35%		27,553	13,602	1,024	54,389	–	–	5,377	713
1.40%		119,031	76,130	5,100	189,438	–	–	84,993	3,336
1.45%		31,874	15,851	3,452	65,688	–	–	28,814	145
1.50%		12,910	8,312	1,033	13,430	8,095	–	4,313	305
1.55%		49,978	28,096	3,314	63,693	–	–	23,002	1,892
1.60%		28,082	13,328	788	37,661	2,245	–	12,208	1,908
1.65%		14,875	6,020	578	30,950	2,519	–	8,978	212
1.70%		12,154	25,001	1,171	11,786	–	–	2,080	–
1.75%		24,269	2,886	141	29,215	2,569	–	4,149	–
1.80%		11,868	5,578	890	11,287	–	–	1,094	297
1.85%		11,082	9,546	1,932	10,167	–	–	10,100	739
1.90%		1,807	1,920	66	3,802	1,056	–	1,276	–
1.95%		1,651	1,803	–	3,564	5,362	–	1,925	–
2.00%		4,169	8,815	–	14,304	438	–	13,253	–
2.05%		3,525	2,499	1,222	8,344	2,623	–	1,603	–
2.10%		1,799	670	568	1,569	2,402	–	374	1
2.15%		943	6,074	36	510	862	–	783	–
2.20%		471	1,579	–	6,531	5,582	–	1,312	–
2.25%		16	539	–	1,051	–	–	1,331	–
2.30%		361	4,838	–	6,088	–	–	2,768	–
2.35%		–	–	–	–	–	–	–	–
2.40%		16	14,197	–	5,078	–	–	5,068	–
2.45%		–	11	–	396	77	–	–	–
2.50%		248	–	–	–	619	–	–	–
2.55%		–	1,510	–	593	–	–	421	–
2.60%		–	–	–	–	1,245	–	–	–
2.65%		–	358	–	248	–	–	107	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	995,582	659,354	59,882	1,525,582	35,694	1,009	435,108	19,527
	NVITIntGro3		NVITWLead	NVITWLead3	NVITGlFin	NVITGlFin3	NVITGlHlth	NVITGlHlth3	NVITGlTech
0.95%	$	148,938	75,333	55,616	–	24,802	–	54,788	4,567
1.00%		66,860	33,227	27,251	–	9,190	–	19,175	3,469
1.05%		11,629	9,671	2,562	–	2,091	–	3,876	240
1.10%		27,217	11,609	14,905	–	7,772	–	18,436	2,154
1.15%		24,220	3,210	7,494	–	7,058	–	17,981	461
1.20%		115,306	25,271	34,367	–	20,587	–	30,176	2,915
1.25%		8,905	6,321	4,531	356	1,086	1,280	2,446	456
1.30%		21,558	9,474	7,778	–	2,715	–	4,248	290
1.35%		21,490	3,145	7,884	–	1,700	–	11,035	260
1.40%		82,602	18,544	32,765	–	19,902	–	36,459	3,451
1.45%		32,729	8,398	12,853	–	3,741	–	13,898	1,391
1.50%		19,689	1,990	968	–	436	–	7,408	359
1.55%		29,749	6,435	16,440	–	11,576	–	22,645	1,060
1.60%		16,516	691	9,800	–	6,396	–	8,401	418
1.65%		11,292	2,750	3,025	–	2,592	–	9,672	152
1.70%		7,505	243	5,194	–	1,495	–	2,918	105

(Continued)

98

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	NVITIntGro3		NVITWLead	NVITWLead3	NVITGlFin	NVITGlFin3	NVITGlHlth	NVITGlHlth3	NVITGlTech
1.75%		6,191	800	2,067	–	1,211	–	4,979	96
1.80%		3,550	2,550	2,408	–	1,154	–	4,192	350
1.85%		9,341	2,112	2,051	–	2,015	–	3,467	314
1.90%		5,880	129	578	–	594	–	4,559	182
1.95%		211	10	278	–	1,551	–	4,976	15
2.00%		5,576	63	1,707	–	1,581	–	1,449	42
2.05%		7,975	2,060	521	–	1,947	–	5,710	–
2.10%		885	506	256	–	18	–	1,612	1
2.15%		473	–	21	–	13	–	159	–
2.20%		3,489	153	1,404	–	486	–	2,439	4
2.25%		163	14	6	–	167	–	230	–
2.30%		5,668	–	246	–	820	–	39	–
2.35%		–	19	–	–	–	–	437	–
2.40%		3,023	–	1	–	695	–	183	–
2.45%		169	–	68	–	–	–	163	–
2.50%		–	85	–	–	–	–	–	–
2.55%		276	–	–	–	24	–	177	–
2.60%		–	–	–	–	–	–	2,532	–
2.65%		89	–	–	–	22	–	30	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	699,164	224,812	255,045	356	135,437	1,280	300,895	22,752
	NVITGlTech3		NVITGvtBd	NVITGvtBd2	NVITGrowth	NVITIntIdx8	NVITIntVal2	NVITIntVal3	NVITIntVal6
0.95%	$	39,077	1,414,314	–	246,083	12,212	–	244,634	–
1.00%		16,439	503,297	–	127,925	1,923	–	62,813	–
1.05%		1,682	115,659	–	33,933	286	–	11,116	–
1.10%		9,896	370,159	–	37,366	1,256	–	44,749	–
1.15%		7,785	191,725	–	18,288	1,894	–	29,827	–
1.20%		19,852	630,609	–	45,035	2,815	–	169,806	–
1.25%		2,515	92,863	–	8,568	1,159	63	11,277	7,235
1.30%		1,519	90,254	–	31,211	186	–	46,289	–
1.35%		4,260	135,392	–	9,586	796	–	31,390	–
1.40%		20,241	766,384	–	46,797	4,033	–	92,557	–
1.45%		9,941	171,354	–	17,741	1,132	–	24,791	–
1.50%		1,476	81,152	48,284	4,975	127	–	10,399	7,129
1.55%		17,860	385,161	–	20,140	464	–	37,045	–
1.60%		6,696	158,548	13,841	2,658	630	–	25,913	3,808
1.65%		3,416	80,398	36,275	4,929	1,353	–	19,131	2,677
1.70%		1,631	46,354	–	1,786	188	–	8,579	–
1.75%		1,842	71,090	11,646	2,575	–	–	6,770	3,907
1.80%		2,258	32,749	5,797	1,191	28	–	6,168	–
1.85%		1,392	48,400	–	2,201	120	–	7,665	–
1.90%		1,018	11,233	7,691	62	1	–	983	395
1.95%		846	10,845	41,199	29	–	–	695	2,850
2.00%		397	35,954	562	234	141	–	7,077	924
2.05%		2,710	47,013	21,388	292	110	–	6,722	2,501
2.10%		145	2,226	41,770	76	–	–	1,059	2,791
2.15%		675	3,153	624	686	102	–	2,596	868
2.20%		152	3,477	22,040	214	122	–	2,999	1,952
2.25%		6	19,010	–	250	3	–	409	–
2.30%		39	2,727	–	21	–	–	1,853	–
2.35%		64	–	540	–	–	–	–	966
2.40%		24	403	–	–	–	–	8,023	–
2.45%		60	2,162	3,747	247	–	–	–	251
2.50%		–	4	3,081	30	–	–	–	67
2.55%		11	705	–	–	–	–	797	–
2.60%		–	–	4,970	–	–	–	–	1,902
2.65%		–	–	–	–	–	–	209	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	175,925	5,524,773	263,455	665,129	31,081	63	924,341	40,223

(Continued)

99

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	NVITIDAgg2		NVITIDCon2	NVITIDMod2	NVITIDModAg2	NVITIDModCon2	NVITJPBal	NVITMdCpGr	NVITMidCap
0.95%	$	175,595	198,103	923,312	478,994	342,434	323,685	211,647	711,819
1.00%		41,772	34,874	306,234	149,270	88,426	126,609	90,914	239,990
1.05%		20,978	5,870	58,791	17,174	16,733	32,422	14,114	41,239
1.10%		74,935	74,934	414,252	292,316	178,729	99,160	60,638	230,512
1.15%		58,354	54,485	343,931	218,190	94,643	46,840	34,761	136,294
1.20%		109,835	132,581	485,607	323,648	175,508	187,516	135,029	388,018
1.25%		82,249	28,183	251,369	148,875	76,918	21,245	21,602	62,821
1.30%		14,668	21,625	68,869	35,362	36,628	26,800	26,132	110,407
1.35%		36,174	38,372	130,739	90,799	43,539	37,048	19,400	106,421
1.40%		127,123	161,389	970,873	567,186	262,479	211,107	125,434	466,126
1.45%		34,717	23,757	164,730	82,368	55,459	71,896	43,803	158,226
1.50%		28,666	46,195	205,285	133,600	73,910	18,174	14,069	43,467
1.55%		62,848	100,836	400,403	228,766	166,572	96,399	54,782	225,839
1.60%		45,789	102,723	371,237	196,960	152,185	29,466	25,229	104,225
1.65%		57,554	38,905	195,087	136,207	72,430	24,974	13,791	69,411
1.70%		9,751	9,485	69,036	41,091	40,155	8,462	5,795	22,607
1.75%		28,577	23,918	216,719	100,852	83,692	12,928	4,804	37,500
1.80%		21,813	4,501	99,218	50,844	51,502	7,737	10,382	31,589
1.85%		13,902	13,087	108,822	82,937	25,113	8,174	8,550	41,751
1.90%		1,135	325	19,639	27,217	4,806	1,592	1,883	16,104
1.95%		35,226	8,886	52,172	58,058	13,958	4,664	1,635	7,536
2.00%		8,431	21,318	32,035	71,850	17,807	4,602	7,048	21,903
2.05%		30,057	11,027	132,167	36,474	28,695	6,757	4,869	35,822
2.10%		12,796	9,679	92,420	54,592	36,467	578	1,693	4,343
2.15%		2,477	4,499	21,265	18,122	15,993	2,188	1,936	1,547
2.20%		22,217	7,693	106,224	82,517	40,836	1,469	718	12,401
2.25%		6,197	9,603	107,752	101,268	5,791	291	3,708	5,490
2.30%		4,580	–	2,813	4,431	1,458	473	151	1,537
2.35%		–	309	8,045	2,421	343	63	11	26
2.40%		828	–	–	551	–	314	2,607	1,033
2.45%		2,168	81	4,372	3,481	2,542	–	60	1,995
2.50%		–	103	11,188	4,204	7,942	–	–	–
2.55%		–	–	–	97	–	–	–	–
2.60%		18,525	1,885	7,818	14,540	9,574	–	–	–
2.65%		63	252	1,417	36	678	445	128	–
2.70%		–	–	–	–	–	–	–	247
2.85%		–	–	–	1,334	–	–	–	–
Totals	$	1,190,000	1,189,483	6,383,841	3,856,632	2,223,945	1,414,078	947,323	3,338,246
	NVITMyMkt		NVITSmCapGr	NVITSmCapGr2	NVITSmCapVal	NVITSmCapVal2	NVITSmComp	NVITSmComp2	NVITNWFund
0.95%	$	1,638,924	175,917	–	937,592	–	959,246	–	1,274,018
1.00%		685,640	61,158	–	278,972	–	353,936	–	652,917
1.05%		169,298	7,803	–	59,022	–	56,434	–	105,289
1.10%		342,240	71,997	–	282,366	–	229,614	–	230,559
1.15%		172,854	34,105	–	124,914	–	115,492	–	70,275
1.20%		986,742	116,217	–	463,570	–	465,226	–	238,386
1.25%		108,411	19,378	–	65,757	–	74,095	–	53,084
1.30%		139,438	21,561	–	68,536	–	84,159	–	37,782
1.35%		172,623	29,518	–	112,127	–	79,701	–	44,954
1.40%		1,037,892	125,039	–	514,746	–	437,450	–	356,456
1.45%		319,992	48,131	–	140,472	–	133,831	–	146,960
1.50%		136,123	9,802	3,606	49,955	14,213	43,351	17,686	38,703
1.55%		370,353	58,458	–	241,580	–	137,734	–	108,665
1.60%		205,139	27,684	726	112,533	3,715	73,683	11,615	42,158
1.65%		137,584	22,361	3,732	91,123	7,059	88,331	6,016	41,078
1.70%		42,615	13,521	–	35,989	–	23,544	–	14,971
1.75%		45,591	10,965	1,237	53,111	2,469	24,741	4,409	11,298
1.80%		51,422	8,703	180	32,819	113	31,840	6,057	9,349
1.85%		71,596	8,437	–	43,062	–	40,799	–	15,146
1.90%		11,861	2,742	497	9,576	1,467	5,393	6,225	3,761
1.95%		23,509	1,227	4,976	18,746	7,004	10,546	11,188	4,493
2.00%		26,588	10,365	26	53,389	280	14,753	1,938	10,011
2.05%		34,659	7,393	2,114	23,466	2,868	22,235	8,425	4,479
2.10%		26,147	1,680	4,443	3,364	8,486	2,618	8,576	1,784
2.15%		13,348	809	57	3,288	673	3,253	670	2,410
2.20%		29,381	2,310	1,368	13,070	4,938	3,761	10,289	1,921
2.25%		10,219	788	–	2,868	–	1,460	–	16,115
2.30%		3,365	143	–	1,015	–	3,280	–	850

(Continued)

100

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	NVITMyMkt		NVITSmCapGr	NVITSmCapGr2	NVITSmCapVal	NVITSmCapVal2	NVITSmComp	NVITSmComp2	NVITNWFund
2.35%		1,398	34	59	59	633	–	–	63
2.40%		–	242	–	1,307	–	7,725	–	278
2.45%		1,739	–	215	786	4	105	3,011	–
2.50%		196	–	463	–	678	184	1,137	73
2.55%		7	–	–	–	–	672	–	–
2.60%		1,540	–	228	–	1,695	–	2,531	–
2.65%		–	64	–	62	–	167	–	273
2.70%		3,879	–	–	–	–	307	–	–
2.85%		–	–	–	179	–	–	–	–
Totals	$	7,022,313	898,552	23,927	3,839,420	56,295	3,529,666	99,773	3,538,558
	NVITNWFund2		NVITNWLead	NVITNWLead3	NVITUSGro	NVITUSGro3	NVITVKVal	NVITMltSec	NBTAFasc
0.95%	$	–	–	63,771	–	44,199	186,972	424,238	2,976
1.00%		–	–	16,861	–	25,247	101,049	145,344	594
1.05%		–	–	2,214	–	2,344	17,687	34,111	16
1.10%		–	–	9,558	–	14,672	51,181	91,408	1,357
1.15%		–	–	9,578	–	7,075	48,049	44,980	139
1.20%		–	–	23,018	–	32,136	165,638	238,882	641
1.25%		–	51	4,342	4,002	4,060	25,265	26,939	777
1.30%		–	–	5,585	–	4,903	17,022	37,299	174
1.35%		–	–	3,980	–	6,031	36,788	47,495	28
1.40%		–	–	24,503	–	28,026	124,760	219,374	1,370
1.45%		–	–	11,452	–	6,494	60,898	67,869	426
1.50%		4,256	–	3,958	–	7,311	24,946	42,323	6,359
1.55%		–	–	16,853	–	21,174	48,069	73,089	343
1.60%		2,770	–	4,719	–	13,289	34,267	44,872	1,453
1.65%		3,979	–	6,513	–	5,244	51,879	47,925	2,609
1.70%		–	–	3,531	–	1,301	6,876	14,764	90
1.75%		2,684	–	754	–	5,191	11,325	23,302	1,287
1.80%		958	–	1,861	–	2,504	13,391	14,665	–
1.85%		–	–	2,127	–	596	7,319	19,645	18
1.90%		770	–	3,123	–	5,145	3,241	4,198	8
1.95%		3,063	–	1,029	–	2,193	2,156	17,489	2,424
2.00%		–	–	1,724	–	2,066	3,285	5,648	475
2.05%		2,853	–	1,011	–	4,445	3,433	16,098	5,522
2.10%		2,124	–	84	–	1,610	1,497	9,132	738
2.15%		–	–	572	–	223	600	3,695	356
2.20%		2,304	–	1,619	–	1,371	2,765	12,686	1,797
2.25%		–	–	129	1,676	17	4,845	233	–
2.30%		–	–	1,727	–	567	836	1,804	–
2.35%		–	–	–	–	–	–	678	–
2.40%		–	–	3,276	–	637	–	2,512	–
2.45%		571	–	–	–	–	49	3,327	915
2.50%		9,551	–	–	–	–	–	1,157	432
2.55%		–	–	263	–	47	–	259	–
2.60%		281	–	–	–	630	885	3,245	186
2.65%		–	–	59	–	11	–	265	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	36,164	51	229,794	5,678	250,759	1,056,973	1,740,950	33,510
	NBTAGuard		NBTAInt	NBTAMCGr	NBTAPart	NBTARegS	NBTSocRes	OppCapApS	OppCapAp
0.95%	$	261,178	26,990	466,278	461,627	26,146	45,751	–	949,667
1.00%		101,702	8,664	219,388	208,973	2,504	15,372	–	339,077
1.05%		31,342	1,171	32,352	45,878	1,293	1,889	–	57,584
1.10%		66,502	13,130	128,298	104,384	1,508	14,473	–	338,200
1.15%		40,148	3,368	62,807	42,992	1,223	6,389	–	183,547
1.20%		113,291	15,585	269,409	216,297	15,824	26,046	–	472,386
1.25%		23,805	3,298	43,808	20,678	1,897	4,268	–	87,541
1.30%		20,749	1,096	39,827	55,182	573	1,219	–	69,441
1.35%		42,322	4,601	43,006	34,674	2,121	3,482	–	121,543
1.40%		129,287	25,993	275,253	210,623	9,219	34,156	–	531,738
1.45%		41,080	6,293	138,608	54,937	2,376	7,409	–	179,967
1.50%		12,938	2,203	29,732	17,661	491	1,241	24,297	66,815
1.55%		71,146	7,540	102,600	93,450	1,949	13,322	–	245,440
1.60%		34,481	6,116	43,866	28,097	1,727	7,535	11,554	115,610
1.65%		19,314	4,589	45,925	27,213	800	4,026	13,763	124,048
1.70%		6,272	1,770	12,499	8,722	1,692	4,027	–	32,800

(Continued)

101

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	NBTAGuard		NBTAInt	NBTAMCGr	NBTAPart	NBTARegS	NBTSocRes	OppCapApS	OppCapAp
1.75%		11,246	965	21,537	6,141	421	2,021	6,299	36,897
1.80%		5,145	253	12,080	10,474	219	325	9,296	35,984
1.85%		11,530	602	13,970	5,714	46	1,158	–	50,946
1.90%		3,910	105	5,527	5,078	15	145	4,252	10,318
1.95%		2,554	128	5,120	1,037	–	11	17,578	8,435
2.00%		6,990	1,058	6,318	5,371	138	949	127	17,276
2.05%		8,614	568	11,724	9,206	424	820	8,710	25,430
2.10%		540	129	3,244	1,448	18	871	8,155	1,978
2.15%		865	–	1,137	1,157	10	–	644	2,982
2.20%		784	565	6,080	1,527	–	1,279	8,154	4,580
2.25%		89	–	907	416	939	656	–	27,138
2.30%		505	–	123	4,688	–	–	–	732
2.35%		–	–	61	22	–	–	459	103
2.40%		–	584	–	9,506	–	–	–	2,440
2.45%		–	–	52	8	–	–	459	246
2.50%		–	–	–	–	–	–	2,486	376
2.55%		–	–	–	743	–	–	–	45
2.60%		–	–	–	–	–	–	2,831	–
2.65%		–	–	49	279	–	–	–	71
2.70%		–	–	–	–	–	–	–	350
2.85%		–	–	–	–	–	–	–	–
Totals	$	1,068,330	137,364	2,041,586	1,694,204	73,573	198,840	119,064	4,141,732
	OppGlSec3		OppGlSec	OppGlSecS	OppHighInc3	OppHighInc	OppHighIncS	OppMStSCap	OppMStSCapS
0.95%	$	595,793	422,643	–	763	5,201	–	31,060	–
1.00%		147,981	83,594	–	339	909	–	10,718	–
1.05%		28,252	14,998	–	83	196	–	1,984	–
1.10%		185,426	158,734	–	327	1,269	–	8,892	–
1.15%		107,063	78,884	–	58	835	–	2,995	–
1.20%		419,279	307,259	–	4,850	7,436	–	18,024	–
1.25%		59,142	43,361	–	–	116	2,098	3,204	2,677
1.30%		70,354	46,315	–	–	1,505	–	3,818	–
1.35%		80,061	77,402	–	136	330	–	4,202	–
1.40%		396,576	329,418	–	4,169	3,264	–	16,673	–
1.45%		78,106	90,451	–	66	1,038	–	6,162	–
1.50%		50,674	34,204	16,596	–	304	–	4,495	–
1.55%		135,487	139,672	–	1,322	3,149	–	5,160	–
1.60%		92,851	67,163	12,184	19	2,230	–	3,067	–
1.65%		74,344	98,149	7,886	206	400	–	1,657	–
1.70%		19,426	16,316	–	2	138	–	4,820	–
1.75%		39,503	30,637	8,082	–	29	–	567	–
1.80%		25,097	32,140	6,975	9	–	–	193	–
1.85%		29,536	20,678	–	–	–	–	1,057	–
1.90%		14,409	7,623	2,678	–	–	–	47	–
1.95%		21,759	11,443	16,746	–	–	–	410	–
2.00%		13,296	9,970	656	–	–	–	1,333	–
2.05%		32,233	29,750	15,202	–	–	–	456	–
2.10%		17,512	1,635	16,931	–	–	–	51	–
2.15%		3,659	399	1,277	–	–	–	597	–
2.20%		19,317	1,920	17,229	56	30	–	162	–
2.25%		284	1,389	–	21	36	–	3	–
2.30%		790	460	–	36	60	–	–	–
2.35%		361	–	1,053	–	–	–	–	–
2.40%		446	1,537	–	–	–	–	–	–
2.45%		1,989	–	2,378	–	–	–	–	–
2.50%		1,387	13	729	–	–	–	–	–
2.55%		–	64	–	–	–	–	–	–
2.60%		3,913	–	608	–	–	–	–	–
2.65%		348	85	–	–	–	–	–	–
2.70%		–	188	–	–	–	–	–	–
2.85%		–	63	–	–	–	–	–	–
Totals	$	2,766,654	2,158,558	127,210	12,462	28,475	2,098	131,807	2,677

(Continued)

102

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	OppMSt		OppMStS	OppMidCap	OppStratBdS	PVITRealRet	PVITTotRet	PVTGroInc	RCFMicroCap
0.95%	$	810,114	–	428,039	–	2,572	934	–	243
1.00%		361,815	–	215,622	–	303	6	–	76
1.05%		61,449	–	36,935	–	–	–	–	–
1.10%		224,833	–	162,504	–	2,919	2,659	–	2,238
1.15%		109,434	–	62,004	–	1,115	121	–	958
1.20%		473,811	–	223,359	–	–	–	–	125
1.25%		80,913	–	44,030	–	–	–	411	96
1.30%		85,773	–	36,139	–	30	–	–	50
1.35%		121,787	–	36,263	–	–	–	–	–
1.40%		525,289	–	228,357	–	–	–	–	–
1.45%		238,974	–	135,680	–	–	–	–	–
1.50%		73,138	25,807	26,130	20,072	–	–	–	–
1.55%		213,259	–	64,018	–	–	–	–	–
1.60%		96,679	8,484	29,653	12,330	–	–	–	–
1.65%		79,809	49,168	54,026	19,666	–	–	–	–
1.70%		22,257	–	25,171	–	–	–	–	–
1.75%		34,162	11,189	7,637	6,954	–	–	–	–
1.80%		42,964	2,510	11,759	1,656	–	–	–	–
1.85%		32,511	–	17,124	–	–	–	–	–
1.90%		6,326	3,388	3,784	2,358	–	–	–	–
1.95%		7,664	10,555	6,183	20,148	–	–	–	–
2.00%		16,845	1,211	4,566	80	–	–	–	–
2.05%		12,809	14,376	5,771	7,356	–	–	–	–
2.10%		2,557	21,834	1,309	7,978	–	–	–	–
2.15%		2,639	282	184	1,136	–	–	–	–
2.20%		5,720	10,346	3,192	4,317	–	–	–	–
2.25%		4,015	–	496	–	–	–	–	–
2.30%		1,970	–	96	–	–	–	–	–
2.35%		143	596	2	1,315	–	–	–	–
2.40%		4,633	–	–	–	–	–	–	–
2.45%		97	1,006	–	2,089	–	–	–	–
2.50%		450	54	142	352	–	–	–	–
2.55%		329	–	–	–	–	–	–	–
2.60%		69	1,289	88	989	–	–	–	–
2.65%		577	–	7	–	–	–	–	–
2.70%		–	–	241	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	3,755,815	162,095	1,870,510	108,796	6,939	3,720	411	3,785
	SBLGlob		SBLMidCapGr	SBLAsAlloc	SBLEqInc	SBLHighYld	SBLSmCapVal	SBLMidCapVal	SBLSmCapGr
0.95%	$	–	127	254	276	1,852	9	1,396	–
1.00%		–	–	103	284	325	–	158	–
1.05%		–	–	–	–	–	–	–	–
1.10%		1,257	425	945	1,410	2,313	2,213	6,300	3
1.15%		474	76	179	767	762	1,357	3,129	11
1.20%		10	30	–	7	–	777	689	–
1.25%		4	8	58	–	–	29	88	–
1.30%		65	3	26	77	81	3	66	–
1.35%		–	–	–	–	–	–	–	–
1.40%		–	–	–	–	–	–	–	–
1.45%		–	–	–	–	–	–	–	–
1.50%		–	–	–	–	–	–	–	–
1.55%		–	–	–	–	–	–	–	–
1.60%		–	–	–	–	–	–	–	–
1.65%		–	–	–	–	–	–	–	–
1.70%		–	–	–	–	–	–	–	–
1.75%		–	–	–	–	–	–	–	–
1.80%		–	–	–	–	–	–	–	–
1.85%		–	–	–	–	–	–	–	–
1.90%		–	–	–	–	–	–	–	–
1.95%		–	–	–	–	–	–	–	–
2.00%		–	–	–	–	–	–	–	–
2.05%		–	–	–	–	–	–	–	–
2.10%		–	–	–	–	–	–	–	–
2.15%		–	–	–	–	–	–	–	–
2.20%		–	–	–	–	–	–	–	–
2.25%		–	–	–	–	–	–	–	–
2.30%		–	–	–	–	–	–	–	–

(Continued)

103

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	SBLGlob		SBLMidCapGr	SBLAsAlloc	SBLEqInc	SBLHighYld	SBLSmCapVal	SBLMidCapVal	SBLSmCapGr
2.35%		–	–	–	–	–	–	–	–
2.40%		–	–	–	–	–	–	–	–
2.45%		–	–	–	–	–	–	–	–
2.50%		–	–	–	–	–	–	–	–
2.55%		–	–	–	–	–	–	–	–
2.60%		–	–	–	–	–	–	–	–
2.65%		–	–	–	–	–	–	–	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	1,810	669	1,565	2,820	5,333	4,387	11,825	14
	SBLSel25		TRoeBlChip2	TRowEqInc2	TRowLtdTBd2	DrySRGro	DrySRGroS	VEWrldEMktR1	VEWrldEMkt
0.95%	$	–	113,865	59,675	20,315	291,718	–	119,845	159,300
1.00%		–	5,431	21,980	2,691	127,330	–	70,485	63,035
1.05%		–	496	4,187	119	29,697	–	8,975	9,505
1.10%		11	4,882	13,467	555	118,645	–	20,688	24,455
1.15%		–	3,165	6,371	401	32,895	–	6,593	9,081
1.20%		–	28,373	33,278	5,419	110,684	–	85,136	66,791
1.25%		60	3,279	11,161	1,728	18,821	–	9,167	9,952
1.30%		–	474	6,235	644	14,630	–	17,317	10,195
1.35%		–	2,120	4,274	490	15,535	–	8,394	14,863
1.40%		–	31,214	56,486	13,432	97,958	–	59,417	57,258
1.45%		–	3,892	8,609	3,490	53,999	–	32,965	19,326
1.50%		–	1,204	2,485	721	10,623	1,182	2,757	8,970
1.55%		–	5,629	6,250	1,500	23,059	–	13,481	10,254
1.60%		–	3,842	7,621	2,249	9,061	72	8,423	7,567
1.65%		–	1,358	2,141	794	17,028	617	6,409	9,181
1.70%		–	1,042	620	16	4,437	–	2,129	809
1.75%		–	287	587	928	4,270	–	5,926	2,512
1.80%		–	492	818	621	3,372	–	2,891	3,422
1.85%		–	1,175	5,531	1,006	4,289	–	3,035	877
1.90%		–	723	391	8	952	37	776	1,549
1.95%		–	174	416	–	3,167	684	748	283
2.00%		–	71	2,151	–	1,824	–	3,566	1,864
2.05%		–	16	1,233	957	3,391	201	189	1,913
2.10%		–	21	433	–	1,075	439	765	217
2.15%		–	–	1,021	–	139	50	971	109
2.20%		–	148	184	–	742	33	246	874
2.25%		–	4,043	9,543	4,636	1,262	–	197	–
2.30%		–	–	1,346	–	154	–	2,089	84
2.35%		–	–	–	–	27	–	–	–
2.40%		–	–	3,535	–	–	–	5,602	–
2.45%		–	–	–	–	13	490	–	–
2.50%		–	–	–	–	–	–	–	–
2.55%		–	–	327	–	–	–	528	–
2.60%		–	–	–	–	–	36	–	–
2.65%		–	–	89	–	–	–	122	–
2.70%		–	–	–	–	210	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	71	217,416	272,445	62,720	1,001,008	3,841	499,832	494,246
	VEWrldHAsR1		VEWrldHAs	VKLCom2	VKLStratGro2	VKUCorPlus	VKUCorPlus2	VKUEmMkt	VKUMCpGro
0.95%	$	141,040	128,238	–	–	20,532	–	79,613	47,435
1.00%		79,633	31,101	–	–	6,775	–	24,884	16,262
1.05%		8,591	5,348	–	–	1,717	–	4,869	3,085
1.10%		21,901	21,815	–	–	5,948	–	15,444	15,846
1.15%		14,961	6,380	–	–	2,875	–	7,576	10,709
1.20%		116,744	45,374	–	–	13,009	–	37,987	68,758
1.25%		7,693	3,149	–	–	2,362	528	6,205	7,032
1.30%		25,853	3,160	–	–	1,070	–	3,258	4,457
1.35%		13,709	7,681	–	–	2,529	–	8,168	17,675
1.40%		69,924	33,442	–	–	15,542	–	33,407	41,832
1.45%		32,647	13,867	–	–	3,292	–	8,388	14,174
1.50%		5,055	1,693	50,649	6,023	312	2,608	3,502	11,680
1.55%		17,944	10,405	–	–	8,899	–	18,546	14,438
1.60%		6,574	3,381	26,076	4,180	2,775	773	19,784	5,996
1.65%		11,023	3,435	48,579	2,355	4,664	1,821	7,022	30,518
1.70%		2,011	1,056	–	–	2,314	–	1,553	1,968

(Continued)

104

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	VEWrldHAsR1		VEWrldHAs	VKLCom2	VKLStratGro2	VKUCorPlus	VKUCorPlus2	VKUEmMkt	VKUMCpGro
1.75%		250	363	18,600	3,235	1,151	1,148	6,583	9,428
1.80%		5,940	1,716	7,927	2,539	1,123	75	1,686	5,762
1.85%		4,390	2,088	–	–	1,302	–	3,304	6,322
1.90%		4,601	870	12,106	2,425	611	1,162	2,439	308
1.95%		1,155	–	50,648	6,875	2	6,011	109	774
2.00%		5,028	327	1,577	793	201	–	2,567	2,392
2.05%		2,979	717	34,826	6,619	94	227	3,973	4,034
2.10%		649	–	51,331	6,199	34	733	213	687
2.15%		1,064	–	4,661	683	12	–	112	555
2.20%		1,738	86	33,279	5,571	25	194	1,770	2,649
2.25%		323	–	–	–	–	1,787	–	90
2.30%		1,944	228	–	–	–	–	–	998
2.35%		–	–	2,259	–	–	838	–	–
2.40%		4,724	–	–	–	–	–	836	2,351
2.45%		–	–	3,254	985	–	–	–	–
2.50%		–	–	4,155	543	–	901	–	–
2.55%		462	–	–	–	–	–	–	240
2.60%		–	–	9,374	9	–	419	–	–
2.65%		277	–	–	–	–	–	–	45
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	610,827	325,920	359,301	49,034	99,170	19,225	303,798	348,499
	VKUUSRE		VicDivrStk	WRAsStrat	WRBal	WRBond	WRCoreEq	WRDivInc	WREnergy
0.95%	$	958,700	5,924	431,418	180,558	200,130	421,150	59,908	5,431
1.00%		303,587	11,224	7,044	2,657	3,215	6,211	92	103
1.05%		52,847	308	3,553	2,447	5,596	4,823	2,175	10
1.10%		234,081	18,642	568,644	179,251	198,087	512,955	80,433	10,440
1.15%		122,021	4,901	281,496	105,445	84,347	207,613	39,607	6,008
1.20%		461,553	23,308	22,072	7,602	9,021	14,764	1,800	242
1.25%		68,059	4,515	37,941	20,425	13,063	32,480	5,185	381
1.30%		58,363	856	5,309	1,895	3,199	4,400	940	15
1.35%		98,461	464	18,115	5,338	5,574	18,451	2,039	568
1.40%		556,433	10,762	789,253	281,838	348,108	841,045	105,576	15,515
1.45%		140,930	47,853	133,798	38,853	32,379	114,753	16,991	2,168
1.50%		73,679	1,126	30,122	6,324	15,877	22,150	4,122	273
1.55%		278,952	38,962	653,619	215,713	211,982	596,515	85,097	14,842
1.60%		137,834	7,598	276,353	93,552	99,061	275,800	40,159	4,061
1.65%		90,060	1,906	59,527	18,559	15,643	70,033	9,077	112
1.70%		21,447	3,776	33,146	17,304	23,765	32,951	6,826	300
1.75%		50,254	10,838	7,656	10,269	4,919	7,061	542	8
1.80%		31,256	762	26,840	13,108	12,583	28,330	3,828	173
1.85%		42,610	1,807	109,900	23,910	32,675	74,779	13,938	1,756
1.90%		14,497	100	19,897	7,548	5,161	20,096	2,525	470
1.95%		27,798	–	22,646	8,055	15,142	40,312	1,855	–
2.00%		27,855	293	50,717	15,662	14,252	50,266	6,968	2,216
2.05%		43,358	5,897	16,831	6,586	6,410	14,891	2,128	748
2.10%		26,089	–	5,822	2,534	1,466	8,294	340	92
2.15%		8,879	4,435	2,108	291	212	965	571	16
2.20%		29,049	–	382	200	296	422	78	–
2.25%		3,309	–	4,138	1,468	4,991	9,882	182	42
2.30%		7,979	–	2,710	469	629	2,672	211	–
2.35%		1,776	–	–	–	–	–	–	–
2.40%		20,469	–	15,132	2,434	137	2,757	–	–
2.45%		4,942	–	2,318	–	7,016	78	–	–
2.50%		1,869	–	376	–	–	323	–	–
2.55%		1,647	–	–	–	–	–	–	–
2.60%		4,323	–	–	–	–	–	–	–
2.65%		643	–	–	–	–	–	–	–
2.70%		179	–	–	–	–	–	–	–
2.85%		115	–	–	–	–	–	–	–
Totals	$	4,005,902	206,257	3,638,883	1,270,295	1,374,936	3,437,222	493,193	65,990

(Continued)

105

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	WRGlNatRes		WRGrowth	WRHiInc	WRIntGro	WRIntVal	WRLTBond	WRMicCpGr	WRMidCpGr
0.95%	$	68,236	458,155	158,570	116,297	52,195	39,115	8,882	20,630
1.00%		514	7,234	755	608	145	814	45	197
1.05%		398	5,106	2,435	1,493	767	885	170	224
1.10%		109,633	537,380	206,631	159,555	88,276	36,652	15,963	30,967
1.15%		49,288	248,010	93,471	68,327	39,524	21,846	4,991	15,964
1.20%		3,187	17,941	6,961	4,337	2,603	1,531	812	1,396
1.25%		7,945	35,084	16,207	7,471	5,104	1,533	492	2,110
1.30%		1,036	6,381	1,044	277	544	1,307	451	115
1.35%		2,627	18,819	3,534	2,265	3,286	965	512	802
1.40%		167,024	874,787	230,619	279,947	134,629	69,251	16,963	41,095
1.45%		15,975	130,803	23,521	29,003	13,165	8,407	2,021	4,554
1.50%		5,428	27,235	8,208	10,804	4,677	3,011	1,237	1,414
1.55%		171,089	575,968	167,940	187,717	104,062	32,391	18,511	36,213
1.60%		42,319	296,116	79,661	96,541	32,993	24,563	8,160	12,707
1.65%		5,390	75,737	10,532	13,461	2,662	3,911	1,051	4,045
1.70%		11,680	35,698	12,991	10,433	4,703	3,392	242	1,868
1.75%		858	14,188	6,191	2,096	624	910	266	226
1.80%		8,089	31,333	8,359	9,960	1,500	2,619	149	2,203
1.85%		36,497	76,086	21,764	18,927	11,782	9,119	3,389	8,351
1.90%		1,661	18,183	4,196	3,417	725	1,116	182	855
1.95%		5,658	37,757	14,322	16,184	982	1,226	150	1,136
2.00%		19,823	47,858	9,105	23,904	8,182	5,197	1,401	2,576
2.05%		4,662	18,968	5,707	2,887	974	1,244	602	459
2.10%		1,221	7,810	2,300	1,430	807	1,294	–	1,693
2.15%		1,760	2,589	40	370	394	68	–	98
2.20%		138	65	98	–	24	19	135	–
2.25%		2,335	7,608	1,719	6,199	1,616	2,719	–	113
2.30%		231	3,826	180	1,375	–	367	–	699
2.35%		–	–	–	–	–	–	–	–
2.40%		2,081	2,899	–	657	–	163	–	–
2.45%		–	–	65	191	–	63	–	–
2.50%		64	251	124	–	–	–	–	15
2.55%		–	–	–	–	–	–	–	–
2.60%		–	–	–	–	–	–	–	–
2.65%		–	–	–	–	–	–	–	–
2.70%		–	–	–	–	–	–	–	–
2.85%		–	–	–	–	–	–	–	–
Totals	$	746,847	3,619,875	1,097,250	1,076,133	516,945	275,698	86,777	192,725
	WRMMkt		WRMortSec	WRRealEstS	WRSciTech	WRSmCpGr	WRSmCpVal	WRValue	WFVOpp
0.95%	$	57,764	11,080	26,406	203,160	205,713	18,910	183,328	384,848
1.00%		702	55	555	412	1,058	–	301	69,951
1.05%		3,156	491	204	1,988	2,606	312	3,064	13,869
1.10%		49,540	23,172	54,684	267,508	265,443	33,970	295,869	160,834
1.15%		29,709	7,369	25,187	99,993	115,754	12,406	124,049	104,520
1.20%		1,363	685	995	11,369	10,125	1,172	7,700	332,241
1.25%		9,815	1,101	2,249	11,313	14,208	3,609	16,438	40,046
1.30%		543	107	431	825	984	42	4,095	42,706
1.35%		1,774	507	2,545	10,429	12,278	1,430	11,794	78,727
1.40%		126,742	34,025	77,285	404,582	434,125	32,308	325,163	317,731
1.45%		24,855	1,572	7,244	33,092	28,685	4,611	51,901	81,894
1.50%		7,888	894	3,095	14,927	14,836	1,604	12,407	35,774
1.55%		76,710	25,649	98,506	336,410	325,380	40,133	283,009	152,063
1.60%		44,035	5,008	23,328	147,140	145,618	15,885	168,900	71,355
1.65%		7,895	1,569	2,851	13,970	17,345	1,276	34,517	70,732
1.70%		6,047	612	2,083	11,836	16,293	801	9,698	30,035
1.75%		881	165	178	3,576	1,352	228	4,862	26,854
1.80%		9,291	1,447	3,532	13,351	13,782	1,506	18,107	42,994
1.85%		9,961	4,322	14,138	49,565	47,932	3,331	48,256	22,072
1.90%		2,610	249	252	6,349	6,239	104	5,414	4,587
1.95%		2,200	106	220	22,299	18,256	710	25,426	10,747
2.00%		14,786	2,012	6,476	21,677	26,234	1,542	29,723	12,017
2.05%		1,122	–	1,568	7,777	4,977	718	14,262	23,033
2.10%		911	–	956	2,273	2,035	–	2,513	2,547
2.15%		541	46	467	641	826	539	244	2,805
2.20%		45	40	45	91	79	–	201	4,700
2.25%		5,366	–	1,675	2,188	3,743	–	2,015	1,414
2.30%		386	–	–	789	1,120	–	1,282	512

(Continued)

106

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

Continued	WRMMkt		WRMortSec	WRRealEstS	WRSciTech	WRSmCpGr	WRSmCpVal	WRValue	WFVOpp
2.35%		–	–	–	–	–	–	–	–
2.40%		478	–	–	2,670	2,115	–	2,813	1,780
2.45%		–	–	–	1,098	85	–	1,485	–
2.50%		–	25	136	97	146	–	–	550
2.55%		–	–	–	–	–	–	–	268
2.60%		–	–	–	–	–	–	–	1,047
2.65%		–	–	–	–	–	–	–	86
2.70%		–	–	–	–	–	–	–	169
2.85%		–	–	–	–	–	–	–	–
Totals	$	497,116	122,308	357,291	1,703,395	1,739,372	177,147	1,688,836	2,145,509

(3) Related Party Transactions

The Company performs various services on behalf of the Mutual Fund Companies in which the Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, preparation, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company.

Contract owners may, with certain restrictions, transfer their assets between the Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. The fixed account assets are not reflected in the accompanying financial statements. In addition, the Account portion of contract owner loans is transferred to the accounts of the Company for administration and collection. Loan repayments are transferred to the Account at the direction of the contract owner. For the years ended December 31, 2007 and 2006, total transfers to the Account from the fixed account were $118,949,960 and $126,751,905, respectively, and total transfers from the Account to the fixed account were $102,624,664 and $85,142,280, respectively. Transfers from the Account to the fixed account are included in redemptions, and transfers to the Account from the fixed account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Changes in Contract Owners’ Equity.

For contracts with the Extra Value option, the Company contributed $4,030 and $102 to the Account in the form of bonus credits to the contract owner accounts for the years ended December 31, 2007 and 2006, respectively. These amounts are included in purchase payments received from contract owners and are credited at the time the related purchase payment from the contract owner is received.

For guaranteed minimum death benefits, the Company contributed $4,799,417 and $8,580,538 to the Account in the form of additional premium to contract owner accounts for the years ended December 31, 2007 and 2006, respectively. These amounts are included in purchase payments received from contract owners and are credited at time of annuitant death

(Continued)

107

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

(4) Financial Highlights

The Company offers several variable annuity products through the Account that have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit fair values and total returns.The following tabular presentation is a summary of units, unit fair values and contract owners’ equity outstanding for variable annuity contracts as of the end of the periods indicated, and contract expense rate, investment income ratio and total return for each period in the five-year period ended December 31, 2007.The information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by identifying the lowest and the highest contract expense rate. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented.

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
AIM VIF – Basic Balanced Fund – Series I
2007	0.95% to 2.05%	51,932	$	11.69 to 10.92	$	592,270	2.78%	1.23% to    0.14%
2006	0.95% to 2.05%	67,132		11.54 to 10.91		759,789	1.91%	9.51% to    8.33%
2005	0.95% to 2.05%	72,175		10.54 to 10.07		749,591	1.43%	4.29% to    3.16%
2004	0.95% to 2.05%	75,617		10.11 to   9.76		755,714	1.41%	6.50% to    5.37%
2003	0.95% to 2.05%	78,940		9.49 to   9.26		743,430	2.46%	15.26% to  13.96%
AIM VIF – Basic Value Fund – Series II
2007	0.95% to 2.60%	689,206		10.71 to 11.75		8,284,492	0.33%	0.40% to   -1.29%
2006	0.95% to 2.60%	788,633		10.67 to 11.91		9,603,590	0.13%	6.66% to  10.01%	(a	)
2005	1.50% to 2.60%	723,691		11.28 to 10.82		8,064,422	0.00%	3.85% to    2.69%
2004	1.50% to 2.60%	771,896		10.86 to 10.54		8,311,060	0.00%	9.18% to    7.96%
2003	1.50% to 2.60%	741,502		9.95 to   9.76		7,338,132	0.00%	31.29% to  29.83%
AIM VIF – Blue Chip Fund – Series I
2005	0.95% to 2.05%	49,836		9.64 to 9.20		473,443	0.58%	2.52% to    1.40%
2004	0.95% to 2.05%	50,444		9.40 to 9.08		469,043	0.12%	3.68% to    2.58%
2003	0.95% to 2.05%	40,180		9.07 to 8.85		360,974	0.00%	23.96% to  22.55%
AIM VIF – Capital Appreciation Fund – Series I
2007	0.95% to 1.75%	14,793		13.18 to 8.59		190,381	0.00%	10.94% to  10.10%
2006	0.95% to 1.75%	16,225		11.88 to 7.81		189,293	0.06%	5.29% to    4.49%
2005	0.95% to 1.75%	16,471		11.28 to 7.47		182,226	0.06%	7.81% to    6.97%
2004	0.95% to 1.75%	17,219		10.46 to 6.98		177,635	0.00%	5.61% to    4.83%
2003	0.95% to 1.75%	11,432		9.91 to 6.66		111,852	0.00%	28.29% to  27.23%
AIM VIF – Capital Appreciation Fund – Series II
2007	0.95% to 2.60%	161,870		10.96 to 12.19		1,968,091	0.00%	10.67% to    8.81%
2006	0.95% to 2.60%	157,478		9.90 to 11.21		1,783,140	0.00%	-0.98% to    3.31%	(a	)
2005	1.50% to 2.60%	135,164		11.30 to 10.85		1,507,567	0.00%	6.95% to    5.76%
2004	1.50% to 2.60%	155,396		10.57 to 10.26		1,626,691	0.00%	4.74% to    3.57%
2003	1.50% to 2.60%	173,419		10.09 to 9.90		1,739,753	0.00%	27.25% to  25.83%
AIM VIF – Capital Development Fund – Series II
2007	0.95% to 2.60%	344,231		11.06 to 14.22		3,993,353	0.00%	9.49% to    7.66%
2006	0.95% to 2.60%	240,855		10.11 to 13.20		2,691,334	0.00%	1.05% to  13.24%	(a	)
2005	1.50% to 2.45%	17,863		11.88 to 11.69		211,370	0.00%	7.63% to    6.60%
2004	1.50% to 2.05%	7,363		11.04 to 11.00		81,205	0.00%	10.37% to    9.96%	(a	) (b)
AIM VIF – Core Equity Fund – Series I
2007	0.95% to 1.55%	45,118		14.29 to 13.77		628,584	1.14%	7.08% to    6.43%
2006	0.95% to 1.55%	46,417		13.34 to 12.93		605,844	0.86%	15.60% to  14.90%
2005	0.95% to 1.55%	13,069		11.54 to 11.26		147,684	1.40%	4.31% to    3.68%
2004	0.95% to 1.55%	15,351		11.07 to 10.86		167,088	1.01%	7.93% to    7.28%
2003	0.95% to 1.55%	14,504		10.25 to 10.12		147,046	1.27%	23.24% to  22.49%
AIM VIF – Core Equity Fund – Series II
2007	1.50% to 2.60%	148,885		11.46 to 11.25		1,696,260	0.91%	6.25% to    5.06%
2006	1.50% to 2.60%	173,478		10.79 to 10.71		1,867,311	1.03%	7.89% to    7.08%	(a	) (b)
AIM VIF – Global Health Care Fund – Series I
2007	0.95% to 1.15%	6,191		11.80 to 11.76		72,864	0.00%	10.90% to  10.53%
2006	1.10% to 1.15%	4,361		10.64 to 10.64		46,401	0.00%	6.40% to    6.40%	(a	) (b)
AIM VIF – Global Real Estate Fund – Series I
2007	0.95% to 1.30%	41,195		12.04 to 11.97		494,841	6.36%	-6.30% to   -6.85%
2006	1.10% to 1.20%	8,689		12.85 to 12.85		111,654	1.88%	28.50% to  28.50%	(a	) (b)

(Continued)

108

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’Equity		Investment Income Ratio**	Total Return***
AIM VIF – Large Cap Growth Fund – Series I
2007	0.95% to 2.05%	46,389	$	11.73 to 11.51	$	541,476	0.03%	14.54% to  13.32%
2006	0.95% to 2.05%	44,482		10.24 to 10.16		454,392	0.33%	2.37% to  10.45%	(a	) (b)
AIM VIF – Premier Equity Fund – Series I
2005	0.95% to 1.55%	46,399		9.48 to 9.24		432,685	0.80%	4.65% to    4.02%
2004	0.95% to 1.55%	51,837		9.05 to 8.88		463,546	0.47%	4.77% to    4.13%
2003	0.95% to 1.55%	49,765		8.64 to 8.53		426,173	0.32%	23.89% to  23.14%
AIM VIF – Premier Equity Fund – Series II
2005	1.50% to 2.60%	172,536		10.20 to 9.79		1,737,652	0.59%	3.79% to    2.63%
2004	1.50% to 2.60%	195,246		9.83 to 9.54		1,901,148	0.32%	3.91% to    2.75%
2003	1.50% to 2.60%	191,437		9.46 to 9.28		1,800,438	0.32%	22.96% to  21.59%
AllianceBernstein VPS – Growth and Income Portfolio – Class B
2007	1.50% to 2.60%	246,507		13.77 to 12.92		3,331,646	1.27%	3.28% to    2.12%
2006	1.50% to 2.60%	310,719		13.33 to 12.65		4,080,190	1.16%	15.23% to  13.95%
2005	1.50% to 2.60%	372,816		11.57 to 11.11		4,263,859	1.26%	3.03% to    1.88%
2004	1.50% to 2.60%	416,687		11.23 to 10.90		4,641,616	0.76%	9.55% to    8.33%
2003	1.50% to 2.60%	371,825		10.25 to 10.06		3,793,585	0.79%	30.20% to  28.75%
AllianceBernstein VPS – Large Cap Growth Portfolio – Class B
2007	1.50% to 2.60%	261,646		12.57 to 11.79		3,233,536	0.00%	11.90% to  10.64%
2006	1.50% to 2.60%	309,329		11.23 to 10.66		3,426,400	0.00%	-2.13% to   -3.22%
2005	1.50% to 2.60%	364,109		11.48 to 11.01		4,135,843	0.00%	13.13% to  11.87%
2004	1.50% to 2.60%	400,843		10.14 to 9.85		4,033,313	0.00%	6.72% to    5.53%
2003	1.50% to 2.60%	414,836		9.51 to 9.33		3,923,210	0.00%	21.52% to  20.16%
AllianceBernstein VPS – Small/Mid Cap Value Portfolio – Class B
2007	1.50% to 2.60%	301,006		15.88 to 14.90		4,684,007	0.71%	0.00% to   -1.13%
2006	1.50% to 2.60%	386,718		15.88 to 15.07		6,042,234	0.23%	12.49% to  11.24%
2005	1.50% to 2.60%	411,436		14.12 to 13.55		5,735,857	0.55%	5.04% to    3.87%
2004	1.50% to 2.60%	485,953		13.44 to 13.05		6,469,324	0.08%	17.29% to  15.98%
2003	1.50% to 2.60%	498,772		11.46 to 11.25		5,681,552	0.55%	38.78% to  37.23%
American Century VP – Income & Growth Fund – Class I
2007	0.95% to 2.70%	9,788,983		16.74 to 10.79		154,835,106	2.01%	-1.02% to   -2.72%
2006	0.95% to 2.70%	12,795,441		16.92 to 11.09		204,032,784	1.87%	15.98% to  13.98%
2005	0.95% to 2.70%	16,105,305		14.59 to 9.73		222,580,367	2.05%	3.64% to    1.86%
2004	0.95% to 2.70%	18,762,735		14.07 to 9.55		251,068,433	1.42%	11.92% to  10.03%
2003	0.95% to 2.70%	20,993,443		12.58 to 8.68		251,721,267	1.19%	28.13% to  25.85%
American Century VP – Income & Growth Fund – Class II
2007	1.50% to 2.60%	265,462		13.44 to 12.61		3,487,820	1.75%	-1.94% to   -3.04%
2006	1.50% to 2.60%	300,974		13.70 to 13.00		4,049,472	1.46%	15.07% to  13.79%
2005	1.50% to 2.60%	410,337		11.91 to 11.43		4,825,948	1.76%	2.95% to    1.81%
2004	1.50% to 2.60%	453,009		11.57 to 11.22		5,192,683	1.13%	10.89% to    9.65%
2003	1.50% to 2.60%	440,628		10.43 to 10.24		4,569,235	0.91%	27.25% to  25.83%
American Century VP – Inflation Protection Fund – Class II
2007	0.95% to 2.45%	4,431,444		11.80 to 10.99		51,890,335	4.19%	8.45% to    6.80%
2006	0.95% to 2.45%	4,707,380		10.88 to 10.29		50,948,708	3.29%	0.62% to   -0.89%
2005	0.95% to 2.45%	6,256,324		10.82 to 10.38		67,454,314	4.79%	0.60% to   -0.92%
2004	0.95% to 2.60%	5,298,678		10.75 to 10.45		56,958,290	3.57%	4.81% to    3.06%
2003	0.95% to 2.25%	1,685,537		10.26 to 10.33		17,335,412	1.22%	2.58% to    1.69%	(a	) (b)
American Century VP – International Fund – Class I
2007	0.95% to 2.20%	4,451,587		20.04 to 14.33		86,714,737	0.74%	16.93% to  15.45%
2006	0.95% to 2.30%	6,064,805		17.14 to 12.55		100,851,481	1.67%	23.84% to  22.26%
2005	0.95% to 2.30%	7,696,317		13.84 to 10.26		103,644,925	1.18%	12.18% to  10.72%
2004	0.95% to 2.30%	9,350,630		12.34 to   9.27		112,520,318	0.55%	13.83% to  12.37%
2003	0.95% to 2.30%	10,982,643		10.84 to   8.25		116,204,136	0.73%	23.33% to  21.60%
American Century VP – International Fund – Class III
2007	0.95% to 2.40%	4,069,860		18.39 to 16.95		73,855,522	0.71%	16.93% to  15.31%
2006	0.95% to 2.40%	4,778,927		15.73 to 14.70		74,273,751	1.66%	23.84% to  22.14%
2005	0.95% to 2.60%	5,518,253		12.70 to 11.95		69,436,041	1.13%	12.03% to  10.23%
2004	0.95% to 2.60%	5,939,570		11.34 to 10.84		66,874,494	0.57%	13.99% to  12.18%
2003	0.95% to 2.60%	5,738,677		9.94 to   9.66		56,813,017	0.67%	23.33% to  21.23%

(Continued)

109

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
American Century VP – Mid Cap Value Fund – Class I
2007	0.95% to 2.70%	1,184,247	$	10.72 to 12.39	$	13,140,130	0.91%	-3.24% to   -4.90%
2006	0.95% to 2.10%	710,275		11.08 to 13.16		8,181,606	1.17%	10.83% to  10.02%	(a	) (b)
American Century VP – Mid Cap Value Fund – Class II
2007	1.25% to 2.25%	32,641		12.83 to 12.48		416,040	0.83%	-3.65% to   -4.63%
2006	1.25% to 2.25%	8,750		13.31 to 13.09		115,621	0.63%	18.73% to  17.53%
2005	1.25% to 2.25%	4,747		11.21 to 11.14		53,154	1.38%	12.13% to  11.38%	(a	) (b)
American Century VP – Ultra® Fund – Class I
2007	0.95% to 2.60%	1,401,693		12.59 to  11.45		17,358,338	0.00%	19.86% to  17.90%
2006	0.95% to 2.60%	1,154,945		10.50 to    9.71		11,969,379	0.00%	-4.19% to   -5.79%
2005	0.95% to 2.60%	1,997,032		10.96 to  10.31		21,677,939	0.00%	1.20% to   -0.46%
2004	0.95% to 2.60%	1,635,491		10.83 to  10.36		17,586,065	0.00%	9.62% to    7.87%
2003	0.95% to 2.70%	1,599,480		9.88 to    9.59		15,711,387	0.00%	23.71% to  21.51%
American Century VP – Ultra® Fund – Class II
2007	1.50% to 2.60%	152,411		12.10 to  11.35		1,808,127	0.00%	19.02% to  17.68%
2006	1.50% to 2.60%	188,556		10.16 to    9.64		1,888,473	0.00%	-4.83% to   -5.89%
2005	1.50% to 2.60%	281,896		10.68 to  10.25		2,984,012	0.00%	0.45% to   -0.67%
2004	1.50% to 2.60%	314,693		10.63 to  10.32		3,322,592	0.00%	8.93% to    7.72%
2003	1.50% to 2.60%	318,356		9.76 to    9.58		3,093,529	0.00%	22.93% to  21.55%
American Century VP – Value Fund – Class I
2007	0.95% to 2.65%	18,297,238		19.75 to 15.97		363,738,720	1.77%	-6.04% to   -7.62%
2006	0.95% to 2.65%	24,152,492		21.02 to 17.29		511,945,824	1.37%	17.53% to  15.57%
2005	0.95% to 2.65%	28,163,939		17.88 to 14.96		508,897,035	0.89%	4.04% to    2.30%
2004	0.95% to 2.65%	31,066,593		17.19 to 14.62		540,444,037	0.98%	13.25% to  11.41%
2003	0.95% to 2.65%	31,663,303		15.18 to 13.13		487,322,945	0.94%	27.73% to  25.55%
American Century VP – Value Fund – Class II
2007	1.50% to 2.60%	539,862		13.82 to 12.97		7,328,653	1.55%	-6.74% to   -7.78%
2006	1.50% to 2.60%	597,711		14.82 to 14.06		8,726,674	1.17%	16.69% to  15.39%
2005	1.50% to 2.60%	718,655		12.70 to 12.19		9,030,848	0.71%	3.29% to    2.14%
2004	1.50% to 2.60%	736,549		12.29 to 11.93		8,984,780	0.83%	12.46% to  11.21%
2003	1.50% to 2.60%	732,705		10.93 to 10.73		7,970,560	0.67%	26.88% to  25.47%
American Century VP – VistaSM Fund – Class I
2007	0.95% to 2.55%	2,287,313		13.24 to 16.54		31,504,187	0.00%	38.44% to  36.31%
2006	0.95% to 1.65%	46,824		9.57 to 9.52		465,527	0.00%	-4.34% to   -4.79%	(a	) (b)
American Century VP – VistaSM Fund – Class II
2007	1.25% to 2.25%	27,543		16.83 to 16.38		460,497	0.00%	37.78% to  36.38%
2006	1.25% to 2.25%	1,368		12.21 to 12.01		16,525	0.00%	7.52% to    6.43%
2005	1.25% to 2.25%	1,310		11.36 to 11.28		14,808	0.00%	13.61% to  12.84%	(a	) (b)
BB&T Variable Insurance Funds – Capital Manager Equity Fund
2007	0.95% to 1.75%	152,662		13.42 to 12.79		1,993,781	2.69%	1.09% to    0.33%
2006	0.95% to 1.75%	167,149		13.27 to 12.75		2,170,620	1.06%	14.63% to  13.76%
2005	0.95% to 1.75%	173,891		11.58 to 11.20		1,977,946	1.46%	5.76% to    4.95%
2004	0.95% to 1.75%	179,516		10.95 to 10.68		1,938,845	0.76%	10.85% to  10.03%
2003	0.95% to 1.75%	160,093		9.88 to 9.70		1,566,829	0.39%	24.28% to  23.25%
BB&T Variable Insurance Funds – Large Cap Fund
2007	0.95% to 1.90%	393,076		13.18 to  12.44		5,067,332	2.32%	-6.77% to   -7.62%
2006	0.95% to 2.00%	325,009		14.13 to  13.40		4,521,052	1.32%	20.13% to  18.93%
2005	0.95% to 2.00%	340,929		11.76 to  11.26		3,959,805	1.89%	5.89% to    4.82%
2004	0.95% to 2.00%	357,885		11.11 to  10.75		3,937,384	1.79%	12.10% to  11.00%
2003	0.95% to 2.00%	322,683		9.91 to    9.68		3,177,031	1.93%	22.45% to  21.11%
BB&T Variable Insurance Funds – Large Cap Growth Fund
2006	0.95% to 2.00%	170,035		9.79 to 9.27		1,627,561	0.47%	3.10% to    2.03%
2005	0.95% to 2.05%	181,917		9.50 to 9.07		1,696,640	0.38%	0.92% to   -0.18%
2004	0.95% to 2.05%	203,835		9.41 to 9.08		1,889,640	0.44%	4.62% to    3.52%
2003	0.95% to 2.05%	186,382		9.00 to 8.77		1,658,565	0.00%	26.81% to  25.36%
BB&T Variable Insurance Funds – Mid Cap Growth Fund
2007	0.95% to 2.05%	194,644		20.22 to 18.93		3,836,231	0.00%	33.73% to  32.32%
2006	0.95% to 2.05%	212,034		15.12 to 14.31		3,142,013	0.43%	2.28% to    1.21%
2005	0.95% to 2.05%	221,842		14.78 to 14.14		3,227,954	0.00%	13.30% to  12.12%
2004	0.95% to 2.05%	232,570		13.05 to 12.61		2,998,507	0.00%	16.08% to  14.89%
2003	0.95% to 2.05%	183,955		11.24 to 10.98		2,052,428	0.00%	35.27% to  33.75%

(Continued)

110

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Credit Suisse Trust – Global Small Cap Portfolio
2007	0.95% to 1.25%	189,766	$	13.07 to 15.58	$	2,512,874	0.00%	-4.87% to   -5.16%
2006	0.95% to 1.30%	225,532		13.74 to 16.36		3,141,525	0.00%	12.13% to  11.74%
2005	0.95% to 1.40%	303,526		12.25 to 14.65		3,775,401	0.00%	15.04% to  14.52%
2004	0.95% to 1.65%	369,551		10.65 to 12.59		3,985,920	0.00%	16.87% to  16.04%
2003	0.95% to 1.65%	447,652		9.11 to 10.85		4,142,199	0.00%	46.26% to  45.22%
Credit Suisse Trust – International Focus Portfolio
2007	0.95% to 1.65%	429,076		15.90 to 17.44		6,859,987	1.06%	15.48% to  14.66%
2006	0.95% to 1.65%	566,655		13.77 to 15.21		7,848,707	0.97%	17.53% to  16.70%
2005	0.95% to 1.65%	722,518		11.71 to 13.03		8,518,004	0.84%	16.33% to  15.51%
2004	0.95% to 1.65%	921,733		10.07 to 11.28		9,327,288	0.93%	13.65% to  12.85%
2003	0.95% to 1.65%	1,056,590		8.86 to 10.00		9,407,868	0.43%	31.83% to  30.90%
Credit Suisse Trust – Large Cap Value Portfolio
2007	0.95% to 1.85%	537,328		17.39 to 12.44		9,298,560	1.22%	0.81% to   -0.11%
2006	0.95% to 2.30%	791,274		17.25 to 13.34		13,592,744	0.87%	18.22% to  16.67%
2005	0.95% to 2.30%	993,748		14.59 to 11.44		14,454,274	0.75%	7.12% to    5.72%
2004	0.95% to 2.30%	1,103,928		13.62 to 10.82		15,004,067	0.52%	10.29% to    8.86%
2003	0.95% to 2.30%	1,221,166		12.35 to   9.94		15,061,157	0.70%	23.98% to  22.24%
Dreyfus IP – Emerging Leaders Fund – Service Shares
2006	1.50% to 2.60%	101,828		13.75 to 13.05		1,376,470	0.00%	6.39% to    5.21%
2005	1.50% to 2.60%	121,394		12.93 to 12.40		1,548,272	0.00%	3.18% to    2.03%
2004	1.50% to 2.60%	126,077		12.53 to 12.16		1,562,984	0.00%	12.48% to  11.22%
2003	1.50% to 2.60%	122,126		11.14 to 10.93		1,350,550	0.00%	44.96% to  43.34%
Dreyfus IP – Small Cap Stock Index Portfolio – Service Shares
2007	0.95% to 2.30%	2,832,247		14.88 to 13.79		41,592,170	0.42%	-1.60% to   -2.91%
2006	0.95% to 2.45%	3,827,015		15.12 to 14.11		57,168,985	0.46%	13.33% to  11.68%
2005	0.95% to 2.45%	4,740,947		13.35 to 12.63		62,677,695	0.00%	6.22% to    4.68%
2004	0.95% to 2.45%	5,300,317		12.57 to 12.07		66,154,517	0.43%	20.73% to  19.03%
2003	0.95% to 2.40%	3,945,170		10.41 to 10.15		40,884,829	0.25%	36.47% to  34.45%
Dreyfus Stock Index Fund, Inc. – Initial Shares
2007	0.95% to 2.65%	44,544,149		16.25 to 10.49		687,316,477	1.71%	4.25% to    2.51%
2006	0.95% to 2.65%	57,892,321		15.59 to 10.23		853,698,329	1.60%	14.40% to  12.49%
2005	0.95% to 2.65%	71,700,975		13.63 to   9.10		928,266,696	1.56%	3.70% to    1.96%
2004	0.95% to 2.65%	85,102,726		13.14 to   8.92		1,065,918,982	1.75%	9.59% to    7.79%
2003	0.95% to 2.65%	92,185,602		11.99 to   8.28		1,056,735,132	1.42%	27.15% to  24.95%
Dreyfus VIF – Appreciation Portfolio – Initial Shares
2007	0.95% to 2.45%	6,500,979		16.82 to 11.09		103,040,409	1.63%	6.11% to    4.56%
2006	0.95% to 2.60%	8,535,184		15.85 to 10.48		127,178,838	1.60%	15.37% to  13.50%
2005	0.95% to 2.60%	10,849,045		13.74 to   9.23		140,981,903	0.02%	3.39% to    1.70%
2004	0.95% to 2.60%	12,838,264		13.29 to   9.08		162,001,508	1.58%	4.05% to    2.38%
2003	0.95% to 2.65%	14,368,474		12.77 to   8.84		174,630,642	1.38%	20.02% to  17.94%
Dreyfus VIF – Appreciation Portfolio – Service Shares
2007	1.50% to 2.60%	281,395		12.69 to 11.91		3,498,498	1.36%	5.24% to    4.06%
2006	1.50% to 2.60%	328,325		12.06 to 11.44		3,894,443	1.32%	14.47% to  13.20%
2005	1.50% to 2.60%	353,031		10.53 to 10.11		3,670,539	0.00%	2.56% to    1.42%
2004	1.50% to 2.60%	365,410		10.27 to   9.97		3,716,756	1.44%	3.22% to    2.07%
2003	1.50% to 2.60%	345,131		9.95 to   9.77		3,413,604	1.64%	19.02% to  17.69%
Dreyfus VIF – Developing Leaders Portfolio – Initial Shares
2007	0.95% to 1.85%	42,914		11.66 to   9.91		453,757	0.75%	-11.91% to -12.71%
2006	0.95% to 1.85%	41,384		13.24 to 11.35		497,921	0.40%	2.79% to    1.88%
2005	0.95% to 1.85%	39,559		12.88 to 11.14		466,784	0.00%	4.80% to    3.88%
2004	0.95% to 1.85%	39,370		12.29 to 10.72		445,804	0.21%	10.28% to    9.37%
2003	0.95% to 1.85%	36,181		11.14 to   9.80		371,156	0.03%	30.44% to  29.23%
Dreyfus VIF – International Value Portfolio – Initial Shares
2007	0.95% to 1.55%	26,630		19.48 to 18.77		506,713	1.58%	3.16% to    2.53%
2006	0.95% to 1.55%	27,160		18.88 to 18.30		503,070	1.40%	21.44% to  20.70%
2005	0.95% to 1.55%	29,758		15.55 to 15.16		455,973	0.00%	10.83% to  10.16%
2004	0.95% to 1.55%	31,294		14.03 to 13.76		434,279	1.08%	18.88% to  18.16%
2003	0.95% to 1.55%	32,213		11.80 to 11.65		377,382	1.47%	35.06% to  34.24%

(Continued)

111

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Federated IS – American Leaders Fund II – Service Shares
2007	1.50% to 2.60%	43,489	$	11.46 to 10.76	$	488,122	1.33%	-11.22% to -12.22%
2006	1.50% to 2.60%	49,357		12.91 to 12.25		626,940	1.32%	14.74% to  13.46%
2005	1.50% to 2.60%	58,134		11.25 to 10.80		644,442	1.25%	3.21% to    2.06%
2004	1.50% to 2.60%	67,408		10.90 to 10.58		727,827	1.23%	7.86% to    6.65%
2003	1.50% to 2.60%	62,971		10.11 to   9.92		632,955	0.90%	25.41% to  24.01%
Federated IS – Capital Appreciation Fund II – Service Shares
2007	1.50% to 2.20%	84,547		12.92 to 12.41		1,070,416	0.57%	7.99% to    7.22%
2006	1.50% to 2.60%	94,849		11.97 to 11.36		1,115,659	0.53%	14.05% to  12.78%
2005	1.50% to 2.60%	101,179		10.49 to 10.07		1,048,079	0.82%	0.17% to   -0.94%
2004	1.50% to 2.60%	121,303		10.47 to 10.16		1,258,078	0.49%	5.50% to    4.33%
2003	1.50% to 2.60%	127,784		9.93 to   9.74		1,260,625	0.35%	22.02% to  20.66%
Federated IS – High Income Bond II – Service Shares
2007	1.50% to 2.60%	339,327		13.94 to 13.08		4,625,870	7.96%	1.63% to    0.49%
2006	1.50% to 2.60%	381,404		13.71 to 13.01		5,132,472	8.12%	8.91% to    7.70%
2005	1.50% to 2.60%	429,576		12.59 to 12.08		5,327,276	8.31%	0.74% to   -0.38%
2004	1.50% to 2.60%	501,358		12.50 to 12.13		6,200,535	7.42%	8.51% to    7.30%
2003	1.50% to 2.60%	594,118		11.52 to 11.30		6,802,892	4.65%	19.97% to  18.63%
Federated IS – Market Opportunity Fund II – Service Shares
2007	0.95% to 1.85%	121,945		10.08 to   9.93		1,223,240	1.48%	-2.43% to   -3.32%
2006	0.95% to 2.25%	113,120		10.33 to 10.24		1,166,083	0.00%	3.30% to    2.40%	(a) (b)
Federated IS – Quality Bond Fund II – Primary Shares
2007	0.95% to 2.70%	16,768,928		14.28 to 12.17		233,498,819	4.90%	4.38% to    2.55%
2006	0.95% to 2.70%	19,923,851		13.69 to 11.87		265,905,915	4.23%	3.17% to    1.36%
2005	0.95% to 2.70%	24,642,363		13.27 to 11.71		319,956,654	3.84%	0.34% to   -1.42%
2004	0.95% to 2.70%	27,791,514		13.22 to 11.87		360,649,435	4.24%	2.64% to    0.84%
2003	0.95% to 2.70%	33,400,483		12.88 to 11.78		423,435,511	3.57%	3.65% to    1.86%
Federated IS – Quality Bond Fund II – Service Shares
2007	1.50% to 2.60%	733,237		11.78 to 11.06		8,484,162	4.67%	3.55% to    2.39%
2006	1.50% to 2.60%	826,174		11.38 to 10.80		9,261,610	3.83%	2.37% to    1.23%
2005	1.50% to 2.60%	906,385		11.12 to 10.67		9,961,595	3.57%	-0.52% to   -1.63%
2004	1.50% to 2.60%	1,034,363		11.18 to 10.85		11,460,780	4.09%	1.77% to    0.63%
2003	1.50% to 2.60%	1,158,034		10.98 to 10.78		12,646,527	3.11%	2.87% to    1.72%
Fidelity® VIP – Equity-Income Portfolio – Service Class
2007	0.95% to 2.70%	36,071,966		17.75 to 13.29		634,319,837	1.59%	0.45% to   -1.27%
2006	0.95% to 2.65%	45,771,858		17.67 to 13.52		802,115,173	3.09%	18.94% to  16.97%
2005	0.95% to 2.65%	54,528,487		14.86 to 11.56		805,264,252	1.58%	4.76% to    3.00%
2004	0.95% to 2.65%	63,110,573		14.18 to 11.22		891,838,209	1.45%	10.32% to    8.52%
2003	0.95% to 2.65%	64,919,984		12.86 to 10.34		833,502,241	1.53%	28.98% to  26.76%
Fidelity® VIP – Equity-Income Portfolio – Service Class 2
2007	1.50% to 2.60%	1,101,407		14.07 to 13.20		15,223,234	1.58%	-0.25% to   -1.37%
2006	1.50% to 2.60%	1,257,321		14.10 to 13.38		17,476,446	2.90%	18.14% to  16.82%
2005	1.50% to 2.60%	1,326,705		11.94 to 11.46		15,660,964	1.46%	3.99% to    2.83%
2004	1.50% to 2.60%	1,470,503		11.48 to 11.14		16,742,355	1.39%	9.57% to    8.34%
2003	1.50% to 2.60%	1,453,838		10.48 to 10.28		15,156,305	0.93%	28.08% to  26.65%
Fidelity® VIP – Growth Portfolio – Service Class
2007	0.95% to 2.50%	25,956,718		17.48 to 10.55		427,273,711	0.64%	25.66% to  23.77%
2006	0.95% to 2.65%	33,064,556		13.91 to   8.42		428,694,016	0.30%	5.72% to    3.95%
2005	0.95% to 2.65%	41,679,172		13.16 to   8.10		513,272,202	0.40%	4.67% to    2.90%
2004	0.95% to 2.65%	51,970,948		12.57 to   7.87		613,327,993	0.17%	2.28% to    0.59%
2003	0.95% to 2.65%	58,941,283		12.29 to   7.83		683,298,017	0.18%	31.52% to  29.22%
Fidelity® VIP – Growth Portfolio – Service Class 2
2007	1.50% to 2.60%	450,197		13.42 to 12.60		5,923,337	0.39%	24.75% to  23.35%
2006	1.50% to 2.60%	544,353		10.76 to 10.21		5,765,569	0.16%	4.98% to    3.81%
2005	1.50% to 2.60%	584,358		10.25 to   9.84		5,916,818	0.27%	3.92% to    2.77%
2004	1.50% to 2.60%	622,916		9.86 to   9.57		6,092,705	0.13%	1.58% to    0.44%
2003	1.50% to 2.60%	619,256		9.71 to   9.53		5,981,099	0.08%	30.55% to  29.10%

(Continued)

112

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Fidelity® VIP – High Income Portfolio – Service Class
2007	0.95% to 2.55%	10,440,891	$	10.92 to 9.73	$	116,457,034	6.02%	1.68% to    0.06%
2006	0.95% to 2.65%	18,673,694		10.74 to 9.65		206,301,456	7.08%	10.12% to    8.27%
2005	0.95% to 2.65%	22,786,741		9.76 to 8.91		228,692,417	14.51%	1.55% to   -0.16%
2004	0.95% to 2.65%	28,067,837		9.61 to 8.92		277,897,270	7.77%	8.43% to    6.63%
2003	0.95% to 2.65%	35,327,848		8.86 to 8.37		323,732,284	5.77%	25.76% to  23.70%
Fidelity® VIP – High Income Portfolio – Service Class R
2007	0.95% to 2.45%	3,077,761		9.82 to 9.72		30,185,520	17.46%	-1.77% to   -2.77%	(a) (b)
Fidelity® VIP – Overseas Portfolio – Service Class
2007	0.95% to 2.20%	2,660,164		19.57 to 14.76		52,254,014	3.14%	16.09% to  14.61%
2006	0.95% to 2.20%	3,528,715		16.86 to 12.88		60,072,973	0.82%	16.83% to  15.36%
2005	0.95% to 2.25%	4,468,213		14.43 to 11.88		65,144,063	0.56%	17.84% to  16.37%
2004	0.95% to 2.25%	5,309,091		12.25 to 10.21		65,783,903	1.09%	12.41% to  11.05%
2003	0.95% to 2.25%	6,173,912		10.90 to 9.19		68,125,249	0.74%	41.85% to  39.95%
Fidelity® VIP – Overseas Portfolio – Service Class 2 R
2007	1.50% to 2.60%	614,490		18.99 to 17.82		11,430,563	2.99%	15.29% to  14.00%
2006	1.50% to 2.60%	648,323		16.47 to 15.63		10,502,811	0.74%	16.05% to  14.76%
2005	1.50% to 2.60%	675,789		14.19 to 13.62		9,468,985	0.50%	16.97% to  15.66%
2004	1.50% to 2.60%	708,262		12.13 to 11.78		8,510,693	1.00%	11.62% to  10.37%
2003	1.50% to 2.60%	646,592		10.87 to 10.67		6,988,652	0.53%	40.86% to  39.28%
Fidelity® VIP – Overseas Portfolio – Service Class R
2007	0.95% to 2.45%	5,132,023		19.75 to 18.16		100,110,525	3.14%	16.11% to  14.43%
2006	0.95% to 2.65%	6,293,681		17.01 to 15.72		105,827,473	0.86%	16.83% to  14.93%
2005	0.95% to 2.65%	6,958,794		14.56 to 13.68		100,454,692	0.52%	17.80% to  15.85%
2004	0.95% to 2.65%	6,862,770		12.36 to 11.80		84,243,034	0.94%	12.42% to  10.61%
2003	0.95% to 2.70%	5,106,033		10.99 to 10.66		55,922,783	0.48%	41.89% to  39.35%
Fidelity® VIP II – Contrafund® Portfolio – Service Class
2007	0.95% to 2.85%	34,126,179		24.52 to 15.91		809,299,371	0.79%	16.39% to  14.21%
2006	0.95% to 2.85%	42,459,981		21.07 to 13.93		863,420,871	1.11%	10.53% to    8.49%
2005	0.95% to 2.85%	48,190,974		19.06 to 12.84		889,863,683	0.19%	15.74% to  13.60%
2004	0.95% to 2.85%	47,949,091		16.47 to 11.31		767,936,500	0.24%	14.24% to  12.15%
2003	0.95% to 2.85%	46,557,635		14.41 to 10.08		654,671,016	0.33%	27.13% to  24.71%
Fidelity® VIP II – Contrafund® Portfolio – Service Class 2
2007	1.50% to 2.60%	1,171,503		18.00 to 16.89		20,703,707	0.75%	15.53% to  14.24%
2006	1.50% to 2.60%	1,229,048		15.58 to 14.79		18,868,372	0.99%	9.76% to    8.54%
2005	1.50% to 2.60%	1,274,568		14.20 to 13.62		17,887,257	0.12%	14.90% to  13.62%
2004	1.50% to 2.60%	1,246,619		12.36 to 11.99		15,271,569	0.21%	13.43% to  12.17%
2003	1.50% to 2.60%	1,168,158		10.89 to 10.69		12,657,188	0.16%	26.27% to  24.87%
Fidelity® VIP II – Investment Grade Bond Portfolio – Service Class
2007	0.95% to 2.25%	5,743,749		11.31 to 11.56		65,152,473	3.99%	3.22% to    1.88%
2006	0.95% to 2.40%	5,515,247		10.96 to 11.27		61,260,909	3.59%	3.31% to    1.81%
2005	0.95% to 2.40%	4,565,853		10.61 to 11.07		49,110,582	3.14%	1.11% to   -0.35%
2004	0.95% to 2.25%	2,891,195		10.49 to 11.15		30,798,680	2.94%	3.33% to    1.99%
2003	0.95% to 2.05%	1,077,164		10.15 to 10.97		11,207,437	0.00%	1.53% to    0.80%	(a) (b)
Fidelity® VIP III – Growth Opportunities Portfolio – Service Class
2007	0.95% to 2.20%	4,293,709		13.29 to 8.92		55,514,117	0.00%	21.87% to  20.32%
2006	0.95% to 2.35%	5,734,093		10.90 to 7.58		60,614,578	0.64%	4.30% to    2.86%
2005	0.95% to 2.35%	7,586,186		10.45 to 7.37		77,163,649	0.84%	7.83% to    6.35%
2004	0.95% to 2.35%	9,323,234		9.69 to 6.93		88,133,135	0.48%	6.04% to    4.61%
2003	0.95% to 2.35%	10,741,094		9.14 to 6.62		95,964,919	0.62%	28.43% to  26.61%
Fidelity® VIP III – Mid Cap Portfolio – Service Class
2007	0.95% to 2.65%	3,720,767		11.30 to 14.92		43,912,299	0.76%	14.38% to  12.48%
2006	0.95% to 2.65%	2,219,901		9.88 to 13.27		23,686,575	0.00%	-1.20% to   -2.29%	(a) (b)
Fidelity® VIP III – Mid Cap Portfolio – Service Class 2
2007	1.50% to 2.60%	688,268		20.95 to 19.66		14,136,936	0.50%	13.60% to  12.32%
2006	1.50% to 2.60%	726,383		18.44 to 17.50		13,188,602	0.18%	10.72% to    9.49%
2005	1.50% to 2.60%	734,732		16.66 to 15.99		12,091,781	0.00%	16.25% to  14.96%
2004	1.50% to 2.60%	741,487		14.33 to 13.91		10,528,591	0.00%	22.79% to  21.42%
2003	1.50% to 2.60%	656,982		11.67 to 11.45		7,623,045	0.15%	36.18% to  34.66%

(Continued)

113

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Fidelity® VIP III – Value Strategies Portfolio – Service Class
2007	0.95% to 2.50%	1,995,932	$	16.10 to 14.75	$	31,684,564	0.95%	4.59% to   3.02%
2006	0.95% to 2.65%	2,381,904		15.39 to 14.22		36,180,710	0.60%	15.10% to 13.19%
2005	0.95% to 2.65%	3,312,290		13.38 to 12.56		43,862,396	0.00%	1.58% to  -0.12%
2004	0.95% to 2.65%	4,540,152		13.17 to 12.58		59,295,063	0.00%	12.90% to 11.09%
2003	0.95% to 2.65%	4,151,781		11.66 to 11.32		48,179,536	0.00%	56.29% to 53.62%
Fidelity® VIP III – Value Strategies Portfolio – Service Class 2
2007	1.50% to 2.60%	172,687		15.57 to 14.61		2,634,568	0.63%	3.85% to   2.68%
2006	1.50% to 2.60%	189,220		14.99 to 14.23		2,790,485	0.35%	14.27% to 13.00%
2005	1.50% to 2.60%	200,980		13.12 to 12.59		2,603,222	0.00%	0.89% to  -0.23%
2004	1.50% to 2.60%	226,885		13.00 to 12.62		2,923,757	0.00%	12.13% to 10.88%
2003	1.50% to 2.60%	182,049		11.60 to 11.38		2,099,853	0.00%	55.01% to 53.28%
Fidelity® VIP IV – Energy Portfolio – Service Class 2
2007	0.95% to 2.70%	3,230,157		13.56 to 21.39		47,071,865	0.14%	44.25% to  41.81%
2006	0.95% to 2.65%	1,092,891		9.40 to 15.10		11,353,460	1.20%	-6.01% to   -7.03%	(a)(b)
2005	1.25%	2,596		13.40		34,792	0.71%	34.02%	(a) (b)
Fidelity® VIP IV – Freedom Fund 2010 Portfolio – Service Class
2007	0.95% to 2.05%	717,498		11.34 to 12.21		8,298,619	3.47%	7.61% to 6.46%
2006	0.95% to 2.00%	238,181		10.54 to 11.48		2,662,735	3.28%	5.37% to 4.65%	(a) (b)
Fidelity® VIP IV – Freedom Fund 2010 Portfolio – Service Class 2
2006	1.25%	3,171		11.59		36,739	2.41%	8.21%
2005	1.25%	944		10.71		10,107	0.87%	7.06 %	(a) (b)
Non-tax qualified
2007	1.25%	2,743		12.40		34,024	2.15%	7.06%
Fidelity® VIP IV – Freedom Fund 2020 Portfolio – Service Class
2007	0.95% to 2.30%	561,279		11.52 to 12.89		6,595,444	2.99%	9.11% to 7.68%
2006	0.95% to 1.75%	203,073		10.56 to 12.08		2,180,054	2.85%	5.57% to 5.04%	(a) (b)
Fidelity® VIP IV – Freedom Fund 2020 Portfolio – Service Class 2
2007	2.25%	2,176		12.84		27,938	2.13%	7.48%
2006	1.25% to 2.25%	2,852		12.15 to 11.95		34,337	2.38%	10.31% to 9.20%
2005	1.25%	379		11.01		4,174	1.01%	10.14%	(a) (b)
Non-tax qualified
2007	1.25%	1,206		13.19		15,910	2.13%	8.59%
Fidelity® VIP IV – Freedom Fund 2030 Portfolio – Service Class
2007	0.95% to 2.10%	301,314		11.65 to 13.49		3,625,337	3.07%	10.15% to 8.93%
2006	0.95% to 1.80%	85,992		10.58 to 12.45		948,186	2.81%	5.77% to 5.21%	(a) (b)
Fidelity® VIP IV – Freedom Fund 2030 Portfolio – Service Class 2
2007	1.25% to 2.25%	27,932		13.73 to 13.36		377,140	2.63%	9.68% to   8.57%
2006	1.25% to 2.25%	12,830		12.51 to 12.30		158,537	2.54%	11.52% to 10.39%
2005	1.25%	372		11.22		4,175	1.01%	12.22%	(a) (b)
Financial Investors VIT – First Horizon Core Equity Portfolio
2005	0.95% to 2.00%	149,531		9.64 to 9.21		1,415,472	1.28%	-3.66% to  -4.68%
2004	0.95% to 2.00%	179,886		10.01 to 9.66		1,776,697	0.70%	4.48% to   3.37%
2003	0.95% to 2.00%	191,003		9.58 to 9.34		1,812,845	0.24%	27.38% to 26.03%
Initial Funding by the Company
2005	0.00%	50,000		9.81		490,710	1.28%	-2.74%
2004	0.00%	50,000		10.09		504,531	0.70%	5.48%
2003	0.00%	50,000		9.57		478,333	0.24%	28.60%
First Horizon Capital Appreciation Portfolio
2005	0.95% to 2.00%	39,067		14.17 to 13.53		542,543	0.00%	2.08% to   1.00%
2004	0.95% to 2.00%	41,705		13.88 to 13.40		569,994	0.00%	10.19% to   9.02%
2003	0.95% to 2.00%	39,589		12.60 to 12.29		492,966	0.00%	40.93% to 39.44%
Initial Funding by the Company
2005	0.00%	50,000		14.46		723,423	0.00%	3.06%
2004	0.00%	50,000		14.04		701,963	0.00%	11.25%
2003	0.00%	50,000		12.62		631,000	0.00%	42.28%
Franklin Templeton VIP – Developing Markets Securities Fund – Class 3
2007	0.95% to 2.30%	1,629,698		13.63 to 19.90		23,911,115	1.70%	27.47% to 25.86%
2006	0.95% to 2.25%	483,848		10.69 to 15.83		5,857,903	0.35%	6.95% to   6.08%	(a) (b)
2005	1.25%	11,667		12.70		148,149	0.00%	26.98%	(a) (b)

(Continued)

114

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Franklin Templeton VIP – Foreign Securities Fund – Class 2
2007	1.25%	5,496	$	18.61	$	102,271	1.90%	14.01%
2006	1.25%	6,397		16.32		104,412	1.25%	19.93%
2005	1.25%	7,345		13.61		99,962	1.10%	8.80%
2004	1.25%	8,344		12.51		104,377	1.47%	17.05%
Franklin Templeton VIP – Foreign Securities Fund – Class 3
2007	0.95% to 2.20%	1,094,763		12.44 to 14.99		14,104,423	2.37%	14.34% to 12.98%
2006	0.95% to 2.10%	505,381		10.88 to 13.29		5,780,587	0.39%	8.83% to  8.05%	(a) (b)
2005	1.25%	32,270		12.37		399,267	0.68%	8.76%
2004	1.25%	3,590		11.38		40,840	0.00%	13.76%	(a) (b)
Franklin Templeton VIP – Global Income Securities Fund – Class 3
2007	0.95% to 2.70%	2,850,554		11.52 to 11.52		32,899,638	2.47%	9.97% to  8.07%
2006	0.95% to 2.30%	1,106,336		10.47 to 10.73		11,740,492	0.98%	4.74% to 3.82%	(a) (b)
2005	1.25%	7,294		9.80		71,475	0.00%	-2.01%	(a) (b)
Franklin Templeton VIP – Income Securities Fund – Class 2
2007	0.95% to 2.30%	5,243,133		11.45 to 11.20		59,809,002	4.36%	2.77% to    1.41%
2006	0.95% to 2.25%	3,299,693		11.15 to 11.05		36,704,669	0.32%	11.46% to 10.50%	(a) (b)
Franklin Templeton VIP – Rising Dividends Securities Fund – Class 2
2007	1.25% to 2.25%	90,221		12.75 to 11.63		1,120,876	2.39%	-3.91% to  -4.89%
2006	1.25% to 2.25%	106,400		13.27 to 12.22		1,376,537	1.25%	15.66% to 14.50%
2005	1.25% to 2.25%	82,711		11.47 to 10.68		935,884	0.77%	2.14% to  6.75%	(b)
2004	1.25%	42,724		11.23		479,896	0.18%	9.61%
Franklin Templeton VIP – Small Cap Value Securities Fund – Class 2
2007	0.95% to 2.40%	1,615,021		9.84  to 12.35		16,573,648	0.90%	-3.31% to   -4.69%
2006	0.95% to 2.25%	1,233,894		10.18 to 12.63		13,300,620	0.11%	1.81% to 14.36%	(a)
2005	1.25%	29,831		14.02		418,165	0.73%	7.41%
2004	1.25%	17,859		13.05		233,070	0.04%	22.20%
Janus Aspen Series – Balanced Portfolio – Service Shares
2006	1.25%	3,983		12.79		50,931	1.41%	9.04%
2005	1.25%	7,136		11.73		83,685	2.00%	6.32%
2004	1.25%	7,867		11.03		86,775	3.56%	6.94%
2003	1.25%	1,744		10.31		17,988	0.00%	3.14%	(a) (b)
Tax qualified
2007	1.25%	2,342		13.93		32,613	1.73%	8.90%
Janus Aspen Series – Forty Portfolio – Service Shares
2007	0.95% to 2.70%	19,196,350		11.94 to 15.84		237,096,056	0.17%	35.33% to 33.04%
2006	0.95% to 2.70%	20,957,631		8.83 to 11.90		208,004,922	0.13%	8.08% to   6.22%
2005	0.95% to 2.70%	25,585,852		8.17 to 11.21		235,739,185	0.01%	11.49% to   9.60%
2004	0.95% to 2.70%	29,018,242		7.32 to 10.22		240,430,077	0.02%	16.85% to 14.86%
2003	0.95% to 2.70%	33,279,122		6.27  to  8.90		237,019,223	0.24%	19.09% to 16.98%
Janus Aspen Series – Global Technology Portfolio – Service II Shares
2007	0.95% to 2.40%	1,356,019		14.71 to 13.55		19,686,825	0.31%	20.59% to 18.90%
2006	0.95% to 2.55%	1,632,227		12.20 to 11.31		19,619,098	0.00%	6.92% to   5.25%
2005	0.95% to 2.40%	1,809,622		11.41 to 10.81		20,407,786	0.00%	10.27% to   8.69%
2004	0.95% to 2.40%	2,038,707		10.35to 9.95		20,914,190	0.00%	-0.12% to  -1.52%
2003	0.95% to 2.40%	2,119,951		10.36 to 10.10		21,841,396	0.00%	45.74% to 43.58%
Janus Aspen Series – Global Technology Portfolio – Service Shares
2007	0.95% to 2.35%	7,228,127		4.87 to 4.33		34,779,860	0.30%	20.54% to 18.90%
2006	0.95% to 2.45%	10,187,641		4.04 to 3.61		40,276,993	0.00%	6.81% to   5.25%
2005	0.95% to 2.45%	12,377,329		3.78 to 3.43		45,930,367	0.00%	10.49% to   8.85%
2004	0.95% to 2.45%	15,268,291		3.43 to 3.15		51,426,185	0.00%	-0.39% to  -1.84%
2003	0.95% to 2.45%	18,787,902		3.44 to 3.21		63,696,571	0.00%	45.08% to 42.82%
Janus Aspen Series – INTECH Risk-Managed Core Portfolio – Service Shares
2007	0.95% to 2.50%	177,353		18.02 to 16.74		3,150,367	0.47%	5.12% to   3.47%
2006	0.95% to 2.45%	204,029		17.14 to 16.25		3,456,456	0.10%	9.72% to   8.11%
2005	0.95% to 2.25%	312,325		15.63 to 15.11		4,849,120	1.55%	9.86% to   8.49%
2004	0.95% to 2.05%	355,509		14.22 to 13.96		5,037,861	1.76%	16.35% to 15.06%
2003	0.95% to 2.35%	93,176		12.22 to 12.11		1,136,918	0.15%	22.24% to 21.13%	(a) (b)

(Continued)

115

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Janus Aspen Series – International Growth Portfolio – Service II Shares
2007	0.95% to 2.70%	6,157,632	$	29.30 to 26.59	$	178,045,971	0.44%	26.85% to 24.76%
2006	0.95% to 2.65%	6,727,631		23.10 to 21.36		153,417,136	2.17%	45.31% to 43.03%
2005	0.95% to 2.50%	5,457,024		15.90 to 15.02		85,809,891	1.07%	30.77% to 28.84%
2004	0.95% to 2.50%	4,947,582		12.16 to 11.66		59,657,128	0.84%	17.58% to 15.86%
2003	0.95% to 2.50%	4,987,992		10.34 to 10.06		51,293,210	0.97%	33.27% to 31.14%
Janus Aspen Series – International Growth Portfolio – Service Shares
2007	0.95% to 2.50%	8,694,808		17.24 to 26.63		153,997,686	0.44%	26.80% to 24.96%
2006	0.95% to 2.50%	10,413,775		13.60 to 21.31		164,415,764	1.85%	45.24% to 43.19%
2005	0.95% to 2.50%	12,338,040		9.36 to 14.88		134,879,076	0.99%	30.69% to 28.76%
2004	0.95% to 2.50%	14,665,587		7.16 to 11.56		122,981,313	0.79%	17.56% to 15.84%
2003	0.95% to 2.50%	17,681,761		6.09 to   9.98		126,313,887	0.90%	33.26% to 31.12%
JPMorgan Series Trust II – Mid Cap Value Portfolio
2007	0.95% to 2.30%	2,001,101		14.50 to 13.81		28,780,769	0.96%	1.47% to   0.14%
2006	0.95% to 2.30%	3,023,212		14.29 to 13.79		42,901,825	0.64%	15.73% to 14.22%
2005	0.95% to 2.55%	5,126,253		12.35 to 12.03		63,040,445	0.19%	8.18% to   6.51%
2004	0.95% to 2.55%	2,153,173		11.41 to 11.29		24,534,399	0.00%	14.12% to 12.92%	(a) (b)
Lehman Brothers AMT – Short Duration Bond Portfolio – I Class
2007	0.95% to 2.35%	4,927,107		10.78 to 10.09		52,802,423	2.80%	3.77% to   2.30%
2006	0.95% to 2.35%	5,053,380		10.39 to   9.86		52,415,451	3.28%	3.21% to   1.76%
2005	0.95% to 2.35%	4,630,463		10.07 to   9.69		46,690,045	2.91%	0.48% to  -0.93%
2004	0.95% to 2.35%	4,141,923		10.02 to   9.78		41,675,796	4.72%	-0.18% to  -1.59%
2003	0.95% to 2.20%	2,341,639		10.04 to   9.95		23,684,746	7.44%	0.36% to  -0.49%	(a) (b)
MFS VIT – Investors Growth Stock Series – Service Class
2007	1.25%	19,750		13.07		258,168	0.09%	9.63%
2006	1.25% to 2.25%	23,107		11.92 to 11.51		275,266	0.00%	5.97% to   4.90%
2005	1.25% to 2.25%	25,301		11.25 to 10.98		284,412	0.15%	2.93% to   9.77%	(b)
2004	1.25%	20,161		10.93		220,403	0.00%	7.62%
Non-tax qualified
2007	2.25%	292		12.50		3,649	0.09%	8.51%
MFS VIT – Mid Cap Growth Series – Service Class
2007	1.50% to 2.60%	259,737		11.85 to 11.11		3,023,470	0.00%	7.86% to   6.65%
2006	1.50% to 2.60%	304,947		10.98 to 10.42		3,298,879	0.00%	0.77% to  -0.36%
2005	1.50% to 2.60%	337,675		10.90 to 10.46		3,634,793	0.00%	1.32% to   0.19%
2004	1.50% to 2.60%	425,670		10.76 to 10.44		4,537,608	0.00%	12.66% to 11.41%
2003	1.50% to 2.60%	428,276		9.55 to   9.37		4,067,064	0.00%	34.56% to 33.06%
MFS VIT – New Discovery Series – Service Class
2007	1.50% to 2.60%	114,943		11.90 to 11.17		1,340,506	0.00%	0.71% to  -0.42%
2006	1.50% to 2.60%	143,980		11.82 to 11.21		1,675,133	0.00%	11.24% to 10.00%
2005	1.50% to 2.60%	162,284		10.62 to 10.19		1,702,676	0.00%	3.46% to   2.31%
2004	1.50% to 2.60%	201,354		10.27 to   9.96		2,048,276	0.00%	4.62% to   3.45%
2003	1.50% to 2.60%	205,441		9.81 to   9.63		2,004,511	0.00%	31.43% to 29.97%
MFS VIT – Value Series – Service Class
2007	0.95% to 2.65%	3,388,372		11.82 to 13.13		42,262,876	0.89%	6.57% to   4.80%
2006	0.95% to 2.60%	2,656,741		11.09 to 13.65		31,544,216	0.21%	10.91% to 17.38%	(a)
2005	1.50% to 2.60%	311,423		12.12 to 11.63		3,727,418	0.64%	4.87% to   3.71%
2004	1.50% to 2.60%	326,744		11.55 to 11.21		3,740,488	0.40%	13.10% to 11.84%
2003	1.50% to 2.60%	330,815		10.22 to 10.03		3,360,300	0.17%	22.84% to 21.47%
Nationwide GVIT Strategic Value Fund – Class I
2003	0.95% to 2.10%	1,255,626		10.06 to   9.75		13,203,244	0.03%	37.49% to 35.87%
Nationwide VIT – American Funds Asset Allocation Fund – Class II
2007	0.95% to 2.40%	4,327,066		11.03 to 10.77		47,520,986	2.50%	5.13% to   3.63%
2006	0.95% to 2.40%	2,062,762		10.49 to 10.39		21,601,072	3.35%	4.90% to   3.89%	(a) (b)
Nationwide VIT – American Funds Bond Fund – Class II
2007	0.95% to 2.55%	3,680,238		10.68 to 10.40		39,146,057	9.06%	2.00% to   0.37%
2006	0.95% to 2.20%	1,263,418		10.47 to 10.39		13,209,750	0.99%	4.72% to   3.86%	(a) (b)
Nationwide VIT – American Funds Global Growth Fund – Class II
2007	0.95% to 2.20%	2,609,463		12.20 to 11.95		31,717,801	2.69%	13.27% to 11.84%
2006	0.95% to 2.10%	1,678,343		10.77 to 10.69		18,050,298	0.13%	7.74% to   6.91%	(a) (b)

(Continued)

116

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Nationwide VIT – American Funds Growth – Income Fund – Class II
2007	0.95% to 2.00%	537,058	$	9.83 to 9.76	$	5,271,094	2.43%	-1.71% to  -2.40%	(a) (b)
Nationwide VIT – American Funds Growth Fund – Class II
2007	0.95% to 2.20%	3,258,610		11.41 to 11.18		37,045,639	0.62%	10.83% to   9.48%
2006	0.95% to 2.20%	2,097,865		10.30 to 10.21		21,564,598	1.17%	2.99% to   2.12%	(a) (b)
Nationwide VIT – Federated High Income Bond Fund – Class I
2007	0.95% to 2.30%	4,627,823		15.72 to 12.97		69,992,650	7.15%	2.15% to   0.79%
2006	0.95% to 2.50%	6,422,082		15.39 to 12.66		95,058,287	6.90%	9.56% to   7.88%
2005	0.95% to 2.50%	8,998,545		14.05 to 11.74		121,811,097	6.73%	1.41% to  -0.14%
2004	0.95% to 2.65%	16,155,881		13.85 to 11.65		216,070,644	6.95%	9.05% to   7.24%
2003	0.95% to 2.50%	16,524,655		12.70 to 10.94		203,364,646	7.83%	21.11% to 19.28%
Nationwide VIT – Federated High Income Bond Fund – Class III
2007	0.95% to 2.65%	3,454,996		11.73 to 11.21		40,229,839	7.23%	2.18% to   0.46%
2006	0.95% to 2.65%	5,044,302		11.47 to 11.16		57,586,745	7.11%	9.55% to   7.71%
2005	0.95% to 2.65%	3,808,514		10.47 to 10.36		39,805,529	8.70%	4.74% to   3.56%	(a) (b)
Nationwide VIT – Gartmore Emerging Markets Fund – Class I
2007	0.95% to 2.15%	168,853		34.42 to 27.22		5,566,627	0.66%	44.19% to 42.63%
2006	0.95% to 2.15%	210,317		23.87 to 19.08		4,768,329	0.70%	35.42% to 33.95%
2005	0.95% to 2.15%	260,253		17.63 to 14.25		4,361,320	0.58%	31.38% to 29.92%
2004	0.95% to 2.15%	284,119		13.42 to 10.97		3,633,362	0.85%	19.60% to 18.31%
2003	0.95% to 2.15%	406,653		11.22 to 9.27		4,356,168	0.55%	63.70% to 61.73%
Nationwide VIT – Gartmore Emerging Markets Fund – Class III
2007	0.95% to 2.65%	4,177,260		37.76 to 34.38		155,857,887	0.66%	44.16% to 41.87%
2006	0.95% to 2.65%	4,406,546		26.19 to 24.23		114,010,525	0.72%	35.35% to 33.20%
2005	0.95% to 2.45%	4,965,345		19.35 to 18.33		95,170,769	0.52%	31.40% to 29.54%
2004	0.95% to 2.35%	3,106,247		14.73 to 14.19		45,429,179	1.04%	19.61% to 18.08%
2003	0.95% to 2.40%	2,849,141		12.31 to 12.01		34,902,010	0.47%	63.65% to 61.26%
Nationwide VIT – Gartmore Emerging Markets Fund – Class VI
2007	1.50% to 2.60%	83,699		29.52 to 28.34		2,439,812	0.63%	43.26% to 41.65%
2006	1.50% to 2.60%	68,138		20.61 to 20.00		1,391,052	0.65%	34.51% to 33.02%
2005	1.50% to 2.45%	39,305		15.32 to 15.08		598,733	0.49%	30.51% to 29.25%
2004	1.50% to 2.20%	13,294		11.74 to 11.68		155,709	1.69%	17.39% to 16.84%	(a) (b)
Nationwide VIT – Gartmore Global Utilities Fund – Class I
2007	1.25%	3,488		22.98		80,150	2.52%	18.92%
2006	1.25%	3,870		19.32		74,779	2.52%	35.85%
2005	1.25%	4,277		14.22		60,835	2.07%	5.06%
2004	1.25%	5,693		13.54		77,075	1.27%	28.34%
2003	1.25%	5,169		10.55		54,526	0.52%	22.50%
Nationwide VIT – Gartmore Global Utilities Fund – Class III
2007	0.95% to 2.65%	1,589,344		21.59 to 19.54		33,738,996	2.31%	19.24% to 17.31%
2006	0.95% to 2.40%	2,128,548		18.11 to 16.87		38,016,144	2.48%	36.29% to 34.39%
2005	0.95% to 2.55%	1,719,422		13.29 to 12.48		22,577,766	2.40%	5.47% to   3.87%
2004	0.95% to 2.55%	1,576,428		12.60 to 12.01		19,709,923	1.30%	28.71% to 26.76%
2003	0.95% to 2.55%	303,185		9.79 to   9.48		2,946,757	0.64%	22.99% to 21.00%
Nationwide VIT – Gartmore International Growth Fund – Class I
2007	0.95% to 1.85%	100,313		15.94 to 14.92		1,534,448	0.42%	25.93% to 24.78%
2006	0.95% to 2.10%	121,194		12.65 to 10.95		1,468,870	1.17%	31.71% to 30.34%
2005	0.95% to 2.10%	138,198		9.61 to   8.40		1,272,654	0.96%	28.98% to 27.58%
2004	0.95% to 2.10%	158,756		7.45 to   6.58		1,138,344	0.76%	13.11% to 11.91%
2003	0.95% to 2.10%	187,653		6.59 to   5.86		1,193,370	0.00%	34.34% to 32.58%
Nationwide VIT – Gartmore International Growth Fund – Class III
2007	0.95% to 2.65%	2,612,842		25.28 to 22.99		65,136,925	0.44%	25.93% to 23.91%
2006	0.95% to 2.45%	2,362,026		20.07 to 18.73		46,790,507	1.12%	31.69% to 29.87%
2005	0.95% to 2.55%	1,621,932		15.24 to 14.37		24,441,820	0.83%	28.94% to 26.97%
2004	0.95% to 2.15%	665,501		11.82 to 11.44		7,803,470	1.00%	13.27% to 12.01%
2003	0.95% to 2.05%	441,368		10.44 to 10.24		4,580,456	0.00%	34.05% to 32.56%

(Continued)

117

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Nationwide VIT – Gartmore Worldwide Leaders Fund – Class I
2007	0.95% to 2.20%	930,932	$	20.25 to 14.04	$	18,529,122	0.39%	18.75% to 17.25%
2006	0.95% to 2.50%	1,244,511		17.05 to 12.53		20,854,713	0.82%	24.69% to 22.86%
2005	0.95% to 2.50%	1,665,870		13.67 to 10.20		22,435,929	0.92%	18.21% to 16.45%
2004	0.95% to 2.50%	1,993,649		11.57 to   8.76		22,767,882	0.00%	14.57% to 12.87%
2003	0.95% to 2.50%	2,305,470		10.01 to   7.76		23,018,222	0.00%	34.77% to 32.61%
Nationwide VIT – Gartmore Worldwide Leaders Fund – Class III
2007	0.95% to 2.30%	672,810		27.26 to 25.68		18,153,268	0.53%	18.80% to 17.29%
2006	0.95% to 2.45%	716,442		22.95 to 21.77		16,294,946	0.93%	24.62% to 22.85%
2005	0.95% to 2.40%	703,872		18.42 to 17.75		12,874,064	0.71%	18.21% to 16.57%
2004	0.95% to 2.40%	448,762		15.58 to 15.22		6,962,507	0.00%	14.57% to 12.99%
2003	0.95% to 2.65%	430,617		13.60 to 13.45		5,839,397	0.00%	35.99% to 34.50%	(a) (b)
Nationwide VIT – Global Financial Services Fund – Class I
2007	1.25%	1,311		18.27		23,954	3.02%	-2.30%
2006	1.25%	1,731		18.70		32,372	1.24%	18.82%
2005	1.25%	2,396		15.74		37,710	1.26%	9.77%
2004	1.25%	3,093		14.34		44,349	1.54%	19.48%
2003	1.25%	2,686		12.00		32,234	0.46%	39.69%
Nationwide VIT – Global Financial Services Fund – Class III
2007	0.95% to 2.65%	451,291		19.11 to 17.29		8,480,901	2.92%	-2.07% to  -3.71%
2006	0.95% to 2.65%	674,775		19.51 to 17.96		12,967,114	2.05%	19.20% to 17.25%
2005	0.95% to 2.60%	740,148		16.37 to 15.35		11,984,534	1.58%	10.12% to   8.35%
2004	0.95% to 2.60%	614,645		14.86 to 14.17		9,063,639	1.77%	19.98% to 18.11%
2003	0.95% to 2.60%	444,314		12.39 to 11.99		5,474,639	0.55%	40.12% to 37.82%
Nationwide VIT – Global Health Sciences Fund – Class I
2007	1.25%	7,058		14.43		101,855	0.08%	11.74%
2006	1.25%	7,575		12.92		97,832	0.00%	1.43%
2005	1.25%	8,212		12.73		104,566	0.00%	7.09%
2004	1.25%	8,804		11.89		104,685	0.00%	6.51%
2003	1.25%	580		11.16		6,475	0.00%	34.99%
Nationwide VIT – Global Health Sciences Fund – Class III
2007	0.95% to 2.65%	1,469,574		15.01 to 13.57		21,665,919	0.07%	12.15% to 10.26%
2006	0.95% to 2.65%	1,954,346		13.38 to 12.31		25,738,556	0.00%	1.73% to   0.01%
2005	0.95% to 2.65%	2,518,573		13.16 to 12.31		32,740,994	0.00%	7.40% to   5.60%
2004	0.95% to 2.65%	2,433,103		12.25 to 11.65		29,522,923	0.00%	6.82% to   5.06%
2003	0.95% to 2.65%	1,751,103		11.47 to 11.09		19,957,282	0.00%	35.47% to 33.19%
Nationwide VIT – Global Technology and Communications Fund – Class I
2007	0.95% to 2.20%	455,623		3.96 to   4.45		1,833,559	0.00%	18.95% to 17.53%
2006	0.95% to 2.20%	572,880		3.33 to   3.78		1,988,895	0.00%	10.12% to   8.78%
2005	0.95% to 2.20%	788,346		3.02 to   2.83		2,499,299	0.00%	-1.46% to  -2.70%
2004	0.95% to 2.20%	997,831		3.07 to   3.57		3,219,904	0.00%	3.32% to   2.08%
2003	0.95% to 2.20%	1,232,090		2.97 to   3.50		3,847,558	0.00%	53.76% to 51.78%
Nationwide VIT – Global Technology and Communications Fund – Class III
2007	0.95% to 2.55%	1,242,540		14.64 to 13.36		17,936,450	0.00%	19.04% to 17.20%
2006	0.95% to 2.40%	1,016,600		12.30 to 11.48		12,346,090	0.00%	10.03% to   8.47%
2005	0.95% to 2.40%	916,675		11.18 to 10.59		10,136,663	0.00%	-1.46% to  -2.91%
2004	0.95% to 2.40%	1,321,233		11.34 to 10.90		14,861,753	0.00%	3.29% to   1.84%
2003	0.95% to 2.55%	2,165,513		10.98 to 10.68		23,644,482	0.00%	53.72% to 51.25%
Nationwide VIT – Government Bond Fund – Class I
2007	0.95% to 2.55%	29,988,338		15.82 to 12.52		441,809,358	4.36%	6.13% to   4.44%
2006	0.95% to 2.55%	34,986,437		14.91 to 11.99		483,859,446	3.96%	2.36% to   0.72%
2005	0.95% to 2.60%	42,401,094		14.56 to 11.86		575,425,464	3.64%	2.29% to   0.60%
2004	0.95% to 2.60%	48,795,618		14.24 to 11.79		649,792,719	5.35%	2.28% to   0.59%
2003	0.95% to 2.65%	61,425,031		13.92 to 11.69		801,670,591	3.35%	1.03% to  -0.67%
Nationwide VIT – Government Bond Fund – Class II
2007	1.50% to 2.60%	1,206,275		11.84 to 11.11		14,003,822	4.17%	5.30% to   4.12%
2006	1.50% to 2.60%	1,305,790		11.24 to 10.67		14,449,913	3.79%	1.46% to   0.33%
2005	1.50% to 2.60%	1,433,490		11.08 to 10.64		15,694,602	3.40%	1.47% to   0.34%
2004	1.50% to 2.60%	1,628,935		10.92 to 10.60		17,636,604	5.11%	1.47% to   0.33%
2003	1.50% to 2.60%	1,961,425		10.76 to 10.56		20,998,616	3.98%	0.24% to  -0.88%

(Continued)

118

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Nationwide VIT – Growth Fund – Class I
2007	0.95% to 2.50%	6,528,710	$	9.34 to   6.06	$	58,670,198	0.17%	18.40% to 16.62%
2006	0.95% to 2.50%	8,225,494		7.89 to   5.20		62,375,925	0.05%	5.16% to   3.55%
2005	0.95% to 2.50%	10,681,078		7.50 to   5.02		77,433,925	0.08%	5.49% to   3.88%
2004	0.95% to 2.50%	12,847,793		7.11 to   4.83		88,536,579	0.31%	7.13% to   5.52%
2003	0.95% to 2.50%	14,947,044		6.64 to   4.58		96,289,796	0.02%	31.48% to 29.39%
Nationwide VIT – International Index Fund – Class VIII
2007	0.95% to 2.20%	362,329		11.80 to 11.56		4,265,033	1.50%	8.34% to   6.97%
2006	0.95% to 2.25%	115,357		10.89 to 10.80		1,254,445	1.67%	8.94% to   7.99%	(a) (b)
Nationwide VIT – International Value Fund – Class II
2006	1.25%	290		17.24		5,000	1.84%	20.88%
2005	1.25%	313		14.26		4,465	1.14%	10.39%
2004	1.25%	336		12.92		4,341	2.07%	18.50%
Non-tax qualified
2007	1.25%	269		17.49		4,704	1.71%	1.42%
Nationwide VIT – International Value Fund – Class III
2007	0.95% to 2.40%	2,772,176		22.65 to 21.23		62,192,874	2.18%	1.95% to   0.51%
2006	0.95% to 2.65%	3,773,123		22.22 to 20.92		83,144,686	2.01%	21.58% to 19.60%
2005	0.95% to 2.65%	3,202,480		18.28 to 17.49		58,153,730	1.57%	10.99% to   9.16%
2004	0.95% to 2.40%	2,138,241		16.47 to 16.09		35,083,705	1.85%	19.12% to 17.51%
2003	0.95% to 2.15%	458,485		13.73 to 13.62		6,285,255	0.00%	37.29% to 36.25%	(a) (b)
Nationwide VIT – International Value Fund – Class VI
2007	1.50% to 2.60%	106,356		15.41 to 14.79		1,622,051	2.12%	1.15% to   0.01%
2006	1.50% to 2.60%	110,527		15.23 to 14.79		1,669,584	2.05%	20.58% to 19.23%
2005	1.50% to 2.45%	67,378		12.63 to 12.43		847,614	1.29%	10.13% to   9.07%
2004	1.50% to 2.20%	28,799		11.47 to 11.42		329,969	0.49%	14.72% to 14.18%	(a) (b)
Nationwide VIT – Investor Destinations Aggressive Fund – Class II
2007	0.95% to 2.65%	5,211,450		15.82 to 14.31		80,716,360	1.96%	4.95% to   3.20%
2006	0.95% to 2.65%	6,062,158		15.08 to 13.86		89,691,367	2.02%	15.76% to 13.85%
2005	0.95% to 2.65%	5,839,704		13.02 to 12.18		74,890,629	1.87%	6.91% to   5.13%
2004	0.95% to 2.65%	5,429,388		12.18 to 11.58		65,348,850	1.69%	12.94% to 11.10%
2003	0.95% to 2.65%	4,049,277		10.79 to 10.43		43,273,923	1.41%	30.62% to 28.37%
Nationwide VIT – Investor Destinations Conservative Fund – Class II
2007	0.95% to 2.65%	7,077,704		12.40 to 11.20		86,027,776	3.28%	4.37% to   2.60%
2006	0.95% to 2.65%	8,816,232		11.88 to 10.91		102,990,687	3.08%	5.16% to   3.38%
2005	0.95% to 2.65%	9,613,350		11.29 to 10.56		107,088,116	2.76%	2.33% to   0.60%
2004	0.95% to 2.65%	10,005,688		11.04 to 10.50		109,291,782	2.33%	3.66% to   1.91%
2003	0.95% to 2.65%	10,506,818		10.65 to 10.30		111,096,410	2.82%	6.88% to   5.06%
Nationwide VIT – Investor Destinations Moderate Fund – Class II
2007	0.95% to 2.65%	32,085,878		14.08 to 12.73		442,506,944	2.66%	4.65% to   2.89%
2006	0.95% to 2.65%	36,140,122		13.45 to 12.37		477,611,346	2.40%	10.30% to   8.45%
2005	0.95% to 2.65%	37,043,015		12.20 to 11.40		445,329,806	2.28%	4.35% to   2.60%
2004	0.95% to 2.65%	35,448,745		11.69 to 11.12		409,682,246	2.05%	8.50% to   6.70%
2003	0.95% to 2.65%	28,925,404		10.77 to 10.42		309,210,666	1.90%	18.91% to 16.88%
Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class II
2007	0.95% to 2.85%	17,437,628		15.17 to 13.55		258,849,290	2.30%	5.14% to   3.17%
2006	0.95% to 2.85%	19,708,022		14.43 to 13.14		278,982,910	2.19%	13.46% to 11.34%
2005	0.95% to 2.85%	20,208,078		12.72 to 11.80		253,047,764	2.10%	6.06% to   4.08%
2004	0.95% to 2.85%	18,307,486		11.99 to 11.34		216,903,970	1.80%	11.03% to   8.98%
2003	0.95% to 2.85%	13,776,564		10.80 to 10.40		147,557,142	1.48%	25.44% to 23.04%
Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class II
2007	0.95% to 2.65%	11,879,449		13.31 to 12.03		154,894,244	3.02%	4.85% to   3.08%
2006	0.95% to 2.65%	13,785,352		12.70 to 11.67		171,885,452	2.72%	7.40% to   5.59%
2005	0.95% to 2.65%	15,406,649		11.82 to 11.06		179,533,287	2.60%	3.50% to   1.75%
2004	0.95% to 2.65%	15,686,074		11.42 to 10.86		177,228,363	2.25%	6.14% to   4.37%
2003	0.95% to 2.65%	14,393,258		10.76 to 10.41		153,730,145	2.39%	12.62% to 10.70%

(Continued)

119

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Nationwide VIT – J.P. Morgan Balanced Fund – Class I
2007	0.95% to 2.40%	8,194,862	$	13.07 to 10.55	$	103,890,742	2.20%	3.63% to   2.15%
2006	0.95% to 2.65%	10,363,591		12.61 to 10.12		126,752,943	2.25%	11.19% to   9.32%
2005	0.95% to 2.65%	12,798,198		11.34 to   9.26		141,266,241	1.96%	1.57% to  -0.14%
2004	0.95% to 2.65%	14,529,688		11.17 to   9.27		158,341,735	1.94%	7.46% to   5.67%
2003	0.95% to 2.65%	15,489,907		10.39 to   8.77		157,300,998	1.73%	17.29% to 15.28%
Nationwide VIT – Mid Cap Growth Fund – Class I
2007	0.95% to 2.65%	4,466,109		15.46 to 11.28		70,146,887	0.00%	7.97% to   6.16%
2006	0.95% to 2.65%	5,554,033		14.36 to 10.63		80,969,198	0.00%	8.87% to   7.06%
2005	0.95% to 2.65%	6,941,684		13.19 to   9.93		93,142,769	0.00%	8.70% to   6.90%
2004	0.95% to 2.65%	7,830,003		12.13 to   9.29		96,860,973	0.00%	14.24% to 12.37%
2003	0.95% to 2.65%	8,921,111		10.62 to   8.26		96,911,423	0.00%	38.81% to 36.38%
Nationwide VIT – Mid Cap Index Fund – Class I
2007	0.95% to 2.70%	9,280,128		24.09 to 18.75		231,258,728	1.40%	6.53% to   4.70%
2006	0.95% to 2.70%	12,312,327		22.62 to 17.90		289,809,079	1.14%	8.85% to   6.99%
2005	0.95% to 2.70%	14,674,682		20.78 to 16.74		316,647,935	1.01%	11.04% to   9.15%
2004	0.95% to 2.70%	15,860,940		18.71 to 15.33		308,684,977	0.54%	14.63% to 12.71%
2003	0.95% to 2.70%	15,398,869		16.32 to 13.60		262,026,841	0.44%	33.37% to 31.02%
Nationwide VIT – Money Market Fund – Class I
2007	0.95% to 2.70%	49,223,324		12.82 to 10.43		604,987,318	4.73%	3.79% to   1.97%
2006	0.95% to 2.60%	45,891,908		12.35 to 10.07		541,867,251	4.73%	3.54% to   1.82%
2005	0.95% to 2.60%	45,063,953		11.93 to   9.89		515,102,832	2.84%	1.70% to   0.01%
2004	0.95% to 2.60%	47,255,568		11.73 to   9.89		533,222,860	0.88%	-0.15% to  -1.81%
2003	0.95% to 2.60%	61,044,850		11.75 to 10.07		691,344,651	0.67%	-0.33% to  -1.99%
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class I
2007	0.95% to 2.65%	3,798,082		17.55 to 15.12		65,218,049	0.00%	8.70% to   6.87%
2006	0.95% to 2.65%	5,120,028		16.14 to 14.15		80,726,968	0.00%	2.23% to   0.52%
2005	0.95% to 2.65%	5,993,892		15.79 to 14.08		92,742,674	0.00%	7.07% to   5.29%
2004	0.95% to 2.65%	6,907,587		14.75 to 13.37		100,140,193	0.00%	12.34% to 10.48%
2003	0.95% to 2.65%	7,921,776		13.13 to 12.10		102,531,773	0.00%	32.99% to 30.67%
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class II
2007	1.50% to 2.60%	103,133		12.28 to 11.524		1,241,038	0.00%	7.85% to   6.64%
2006	1.50% to 2.60%	122,637		11.38 to 10.80		1,373,239	0.00%	1.44% to   0.31%
2005	1.50% to 2.60%	180,755		11.22 to 10.77		2,007,699	0.00%	6.12% to   4.94%
2004	1.50% to 2.60%	205,976		10.57 to 10.26		2,160,538	0.00%	11.47% to 10.23%
2003	1.50% to 2.60%	206,299		9.49 to   9.31		1,946,808	0.00%	32.05% to 30.58%
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class I
2007	0.95% to 2.85%	9,022,810		23.81 to 20.66		244,691,979	1.12%	-7.78% to  -9.53%
2006	0.95% to 2.85%	12,096,038		25.82 to 22.84		359,425,766	0.44%	16.18% to 14.02%
2005	0.95% to 2.85%	15,479,024		22.22 to 20.03		393,884,010	0.06%	2.10% to   0.19%
2004	0.95% to 2.85%	18,902,563		21.77 to 19.99		470,375,470	0.00%	16.18% to 14.10%
2003	0.95% to 2.85%	20,424,000		18.73 to 17.52		437,227,841	0.00%	55.37% to 52.38%
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class II
2007	1.50% to 2.60%	199,657		13.47 to 12.64		2,640,730	0.94%	-8.63% to  -9.66%
2006	1.50% to 2.60%	241,778		14.74 to 13.99		3,513,687	0.22%	15.35% to 14.06%
2005	1.50% to 2.60%	265,601		12.78 to 12.26		3,359,146	0.00%	1.24% to   0.12%
2004	1.50% to 2.60%	288,728		12.62 to 12.254		3,616,650	0.00%	15.24% to 13.96%
2003	1.50% to 2.60%	271,345		10.95 to 10.75		2,957,361	0.00%	54.10% to 52.39%
Nationwide VIT – Multi-Manager Small Company Fund – Class I
2007	0.95% to 2.70%	10,099,992		23.03 to 20.72		253,285,980	0.08%	1.16% to  -0.59%
2006	0.95% to 2.70%	12,928,900		22.77 to 20.84		324,063,535	0.10%	10.98% to   9.08%
2005	0.95% to 2.70%	15,568,695		20.51 to 19.11		350,774,843	0.00%	11.25% to   9.37%
2004	0.95% to 2.70%	17,198,697		18.44 to 17.47		348,300,700	0.00%	17.89% to 15.93%
2003	0.95% to 2.70%	18,060,444		15.64 to 15.07		310,330,135	0.00%	39.67% to 37.22%
Nationwide VIT – Multi-Manager Small Company Fund – Class II
2007	1.50% to 2.60%	316,449		15.45 to 14.50		4,795,091	0.00%	0.36% to  -0.77%
2006	1.50% to 2.60%	350,572		15.39 to 14.61		5,311,628	0.05%	10.08% to   8.85%
2005	1.50% to 2.60%	364,034		13.98 to 13.42		5,027,436	0.00%	10.33% to   9.10%
2004	1.50% to 2.60%	386,685		12.67 to 12.30		4,856,465	0.00%	17.00% to 15.70%
2003	1.50% to 2.60%	389,998		10.83 to 10.63		4,200,161	0.00%	38.51% to 36.96%

(Continued)

120

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Nationwide VIT – Nationwide Fund – Class I
2007	0.95% to 2.65%	18,302,786	$	15.50 to   11.15	$	279,523,271	1.05%	7.15% to    5.36%
2006	0.95% to 2.65%	23,824,168		14.47 to  10.58		339,222,705	1.04%	12.55% to  10.67%
2005	0.95% to 2.65%	29,996,004		12.85 to    9.56		380,305,497	0.88%	6.42% to    4.65%
2004	0.95% to 2.65%	35,853,013		12.08 to    9.13		427,878,572	1.23%	8.71% to    6.91%
2003	0.95% to 2.65%	40,667,472		11.11 to    8.54		447,026,775	0.54%	26.30% to  24.12%
Nationwide VIT – Nationwide Fund – Class II
2007	1.50% to 2.60%	115,811		13.66 to   12.82		1,545,946	0.76%	6.27% to    5.07%
2006	1.50% to 2.60%	181,993		12.86 to   12.20		2,282,112	0.92%	11.70% to  10.46%
2005	1.50% to 2.60%	195,744		11.51 to   11.05		2,210,461	0.67%	5.44% to    4.26%
2004	1.50% to 2.60%	228,367		10.92 to   10.59		2,461,950	1.03%	7.89% to    6.69%
2003	1.50% to 2.60%	243,662		10.12 to     9.93		2,445,831	0.47%	25.33% to  23.93%
Nationwide VIT – Nationwide Leaders Fund – Class I
2006	1.25%	263		15.20		3,997	0.85%	14.60%
2005	1.25%	286		13.26		3,793	1.19%	8.94%
2004	1.25%	311		12.17		3,786	0.38%	17.31%
2003	1.25%	337		10.38		3,497	0.22%	23.82%
Non-tax qualified
2007	1.25%	241		16.74		4,035	1.07%	10.16%
Nationwide VIT – Nationwide Leaders Fund – Class III
2007	0.95% to 2.25%	854,701		18.61 to 17.25		15,708,795	0.96%	10.49% to    9.10%
2006	0.95% to 2.65%	1,305,544		16.84 to 15.50		21,591,447	0.73%	15.02% to  13.12%
2005	0.95% to 2.65%	974,521		14.64 to 13.70		14,087,780	1.51%	9.26% to    7.46%
2004	0.95% to 2.25%	517,620		13.40 to 12.90		6,878,568	0.39%	17.64% to  16.19%
2003	0.95% to 2.40%	555,773		11.39 to 11.07		6,293,400	0.20%	24.40% to  22.57%
Nationwide VIT – U.S. Growth Leaders Fund – Class I
2007	1.25% to 2.25%	29,414		17.91 to 13.48		491,713	0.00%	20.95% to   19.72%
2006	1.25% to 2.25%	30,749		14.81 to 11.26		430,940	0.36%	-1.53% to    -2.53%
2005	1.25% to 2.25%	21,415		15.04 to 11.55		316,390	0.00%	10.57% to   15.52%	(b)
2004	1.25%	17,830		13.60		242,559	0.00%	11.00%
2003	1.25%	575		12.26		7,047	0.00%	50.24%
Nationwide VIT – U.S. Growth Leaders Fund – Class III
2007	0.95% to 2.60%	1,182,851		16.78 to 15.19		19,501,101	0.00%	21.26% to  19.23%
2006	0.95% to 2.65%	1,642,957		13.84 to 12.72		22,390,777	0.25%	-1.23% to   -2.89%
2005	0.95% to 2.65%	1,991,805		14.01 to 13.10		27,583,203	0.00%	10.93% to    9.10%
2004	0.95% to 2.60%	1,936,359		12.63 to 12.02		24,247,683	0.00%	11.38% to    9.52%
2003	0.95% to 2.60%	3,766,233		11.34 to 10.98		42,432,617	0.00%	50.95% to  48.44%
Nationwide VIT – Van Kampen Comstock Value Fund – Class I
2007	0.95% to 2.60%	5,253,145		13.51 to   9.94		69,826,598	1.77%	-3.15% to   -4.72%
2006	0.95% to 2.60%	6,614,484		13.95 to 10.43		90,688,992	1.68%	14.81% to  12.95%
2005	0.95% to 2.60%	7,349,707		12.15 to   9.24		88,152,657	1.60%	3.26% to    1.59%
2004	0.95% to 2.60%	8,373,849		11.77 to   9.09		97,664,621	1.30%	16.38% to  14.55%
2003	0.95% to 2.70%	5,371,018		10.11 to   7.90		53,809,350	1.27%	30.19% to  27.86%
Nationwide VIT – Van Kampen Multi Sector Bond Fund – Class I
2007	0.95% to 2.60%	9,025,394		15.10 to 12.83		133,623,996	3.91%	3.63% to    1.91%
2006	0.95% to 2.65%	10,669,793		14.57 to 12.54		152,161,010	3.94%	3.84% to    2.08%
2005	0.95% to 2.65%	12,458,176		14.03 to 12.28		171,819,314	3.90%	1.21% to   -0.50%
2004	0.95% to 2.65%	12,983,235		13.86 to 12.34		177,337,309	4.89%	5.52% to    3.74%
2003	0.95% to 2.60%	13,033,009		13.13 to 12.00		169,204,066	5.36%	11.05% to    9.20%
Neuberger Berman AMT – Fasciano Portfolio – S Class Shares
2007	0.95% to 2.60%	138,132		9.71 to 13.01		1,705,972	0.00%	-0.45% to   -2.11%
2006	0.95% to 2.60%	118,814		9.76 to 13.29		1,557,992	0.00%	-2.44% to    2.52%	(a)
2005	1.50% to 2.60%	117,937		13.51 to 12.97		1,575,618	0.00%	1.36% to    0.23%
2004	1.50% to 2.60%	134,690		13.33 to 12.94		1,780,981	0.00%	10.20% to    8.97%
2003	1.50% to 2.60%	131,193		12.01 to 11.87		1,578,632	0.00%	23.19% to  21.81%
Neuberger Berman AMT – Focus Portfolio – S Class Shares
2005	1.50% to 2.60%	39,503		21.03 to 20.18		816,015	0.00%	-1.60% to    -2.70%
2004	1.50% to 2.60%	45,622		21.37 to 20.74		963,014	0.00%	4.62% to     3.45%
2003	1.50% to 2.60%	48,070		20.43 to 20.05		974,606	0.00%	87.75% to   85.66%

(Continued)

121

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Neuberger Berman AMT – Guardian Portfolio – I Class Shares
2007	0.95% to 2.30%	4,032,425	$	21.32 to 13.29	$	80,055,450	0.26%	6.36% to    4.97%
2006	0.95% to 2.30%	5,156,402		20.04 to 12.66		95,524,513	0.63%	12.30% to  10.83%
2005	0.95% to 2.40%	6,511,626		17.85 to 11.34		107,576,898	0.15%	7.36% to    5.85%
2004	0.95% to 2.40%	7,395,161		16.62 to 10.72		114,487,471	0.12%	14.71% to  13.13%
2003	0.95% to 2.40%	8,232,006		14.49 to   9.47		111,415,197	0.86%	30.51% to  28.56%
Neuberger Berman AMT – International Portfolio – Class S
2007	0.95% to 2.40%	1,121,173		10.61 to 14.06		12,875,434	2.30%	2.23% to  0.79%
2006	0.95% to 2.40%	506,394		10.38 to 13.95		5,724,548	0.37%	3.83% to  2.87%	(a) (b)
2005	1.25%	812		11.65		9,462	0.21%	16.53%	(a) (b)
Neuberger Berman AMT – Mid-Cap Growth Portfolio – I Class Shares
2007	0.95% to 2.35%	6,698,477		26.75 to 14.48		160,332,215	0.00%	21.36% to  19.74%
2006	0.95% to 2.65%	8,624,822		22.04 to 11.80		167,202,644	0.00%	13.61% to  11.74%
2005	0.95% to 2.65%	10,420,932		19.40 to 10.56		179,006,315	0.00%	12.66% to  10.81%
2004	0.95% to 2.65%	12,187,318		17.22 to   9.53		186,500,405	0.00%	15.20% to  13.31%
2003	0.95% to 2.65%	13,310,419		14.95 to   8.41		177,287,825	0.00%	26.86% to  24.63%
Neuberger Berman AMT – Partners Portfolio – Class I
2007	0.95% to 2.65%	7,015,661		17.81 to 14.54		129,223,624	0.60%	8.29% to    6.48%
2006	0.95% to 2.65%	9,274,134		16.45 to 13.66		158,663,346	0.69%	11.18% to    9.33%
2005	0.95% to 2.65%	11,757,754		14.79 to 12.49		180,431,475	1.02%	16.93% to  15.02%
2004	0.95% to 2.35%	9,929,548		12.65 to 11.06		130,061,644	0.01%	17.85% to  16.28%
2003	0.95% to 2.40%	10,120,850		10.74 to   9.49		112,336,089	0.00%	33.81% to  31.83%
Neuberger Berman AMT – Regency Portfolio – Class S
2007	0.95% to 2.15%	536,697		10.42 to 12.60		5,708,166	0.46%	2.07% to    0.87%
2006	0.95% to 2.05%	461,292		10.20 to 12.51		4,821,327	0.66%	2.04% to    1.31%	(a) (b)
2005	1.25% to 2.25%	8,773		11.57 to 11.49		101,379	0.00%	15.65% to  14.88%	(a) (b)
Neuberger Berman AMT – Socially Responsive Portfolio Class I
2007	0.95% to 2.20%	1,195,809		14.37 to 16.56		17,666,241	0.11%	6.59% to    5.30%
2006	0.95% to 2.20%	801,737		13.48 to 15.73		11,396,044	0.13%	12.63% to  11.26%
2005	0.95% to 2.20%	380,100		11.97 to 14.14		4,777,305	0.00%	5.84% to    4.56%
2004	0.95% to 2.20%	119,039		11.31 to 11.22		1,430,368	0.00%	13.12% to  12.17%	(a) (b)
Oppenheimer VAF – Capital Appreciation Fund – Service Class
2007	1.50% to 2.60%	515,617		13.03 to 12.23		6,607,818	0.01%	12.14% to  10.88%
2006	1.50% to 2.60%	561,578		11.62 to 11.03		6,433,761	0.20%	6.07% to    4.89%
2005	1.50% to 2.60%	651,152		10.96 to 10.52		7,054,563	0.75%	3.29% to    2.14%
2004	1.50% to 2.60%	733,839		10.61 to 10.29		7,717,903	0.22%	5.02% to    3.84%
2003	1.50% to 2.60%	724,583		10.10 to   9.91		7,279,334	0.28%	28.73% to  27.29%
Oppenheimer VAF – Capital Appreciation Fund – Non-Service Shares
2007	0.95% to 2.70%	17,017,191		18.15 to 12.53		312,810,367	0.24%	13.06% to  11.12%
2006	0.95% to 2.70%	21,906,532		16.06 to 11.27		357,036,397	0.39%	6.93% to    5.08%
2005	0.95% to 2.70%	28,080,385		15.02 to 10.73		427,622,622	0.92%	4.10% to    2.30%
2004	0.95% to 2.70%	32,989,279		14.42 to 10.49		483,179,895	0.31%	5.92% to    4.12%
2003	0.95% to 2.70%	34,255,234		13.62 to 10.07		474,551,297	0.37%	29.70% to  27.39%
Oppenheimer VAF – Global Securities Fund – Class 3
2007	0.95% to 2.65%	8,674,031		23.41 to 21.68		200,680,424	1.42%	5.32% to   3.57%
2006	0.95% to 2.65%	10,676,504		22.23 to 20.93		234,998,177	1.03%	16.57% to 14.67%
2005	0.95% to 2.65%	11,634,927		19.07 to 18.25		220,237,863	0.96%	13.25% to 11.39%
2004	0.95% to 2.65%	10,678,196		16.84 to 16.39		178,971,646	1.09%	18.06% to 16.16%
2003	0.95% to 2.65%	7,189,189		14.26 to 14.11		102,340,129	0.00%	42.62% to 41.07%	(a) (b)
Oppenheimer VAF – Global Securities Fund – Non-Service Shares
2007	0.95% to 2.85%	9,761,653		14.89 to 20.08		153,056,196	1.43%	5.30% to    3.34%
2006	0.95% to 2.85%	11,724,356		14.14 to 19.43		180,011,728	1.05%	16.58% to  14.43%
2005	0.95% to 2.85%	14,093,591		12.13 to 16.98		186,103,129	1.01%	13.23% to  11.14%
2004	0.95% to 2.85%	16,374,164		10.72 to 15.28		191,319,125	1.23%	18.03% to  15.90%
2003	0.95% to 2.85%	19,398,205		9.08 to 13.19		192,522,627	0.96%	41.66% to  38.92%
Oppenheimer VAF – Global Securities Fund – Service Class
2007	1.50% to 2.60%	370,311		17.20 to 16.14		6,237,525	1.22%	4.48% to    3.31%
2006	1.50% to 2.60%	416,735		16.47 to 15.63		6,740,600	0.85%	15.61% to  14.32%
2005	1.50% to 2.60%	497,633		14.24 to 13.67		6,993,925	0.85%	12.35% to  11.10%
2004	1.50% to 2.60%	565,069		12.68 to 12.30		7,094,421	1.10%	17.10% to  15.79%
2003	1.50% to 2.60%	655,617		10.83 to 10.62		7,054,981	0.70%	40.72% to  39.15%

(Continued)

122

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Oppenheimer VAF – High Income Fund – Class 3
2007	0.95% to 2.25%	182,957	$	9.60 to   9.52	$	1,752,944	0.00%	-4.00% to  -4.85%	(a) (b)
Oppenheimer VAF – High Income Fund – Non-Service Shares
2007	0.95% to 2.25%	128,274		10.43 to 10.79		1,349,911	9.65%	-1.06% to  -2.33%
2006	0.95% to 2.30%	225,947		10.54 to 11.04		2,407,087	0.00%	5.41% to   4.47%	(a) (b)
Oppenheimer VAF – High Income Fund – Service Class
2007	1.25%	10,820		11.83		127,992	10.61%	-1.72%
2006	1.25%	11,906		12.04		143,303	8.95%	7.86%
2005	1.25%	22,431		11.16		250,299	8.18%	0.73%
2004	1.25%	9,185		11.08		101,746	0.35%	7.37%
Oppenheimer VAF – Main Street Small Cap Fund® – Non-Service Shares
2007	0.95% to 2.20%	1,108,657		9.82 to 12.94		11,355,895	0.31%	-2.15% to  -3.35%
2006	0.95% to 2.25%	660,025		10.03 to   9.94		7,089,285	0.00%	0.31% to  -0.56%	(a) (b)
Oppenheimer VAF – Main Street Small Cap Fund® – Service Class
2007	1.25%	13,112		14.48		189,918	0.17%	-2.63%
2006	1.25%	14,220		14.88		211,533	0.02%	13.23%
2005	1.25%	12,741		13.14		167,389	0.00%	8.35%
2004	1.25%	4,053		12.13		49,145	0.00%	17.69%
2003	1.25%	228		10.30		2,349	0.00%	3.03%	(a) (b)
Oppenheimer VAF – Main Street® – Non-Service Shares
2007	0.95% to 2.65%	18,473,644		13.96 to 11.28		270,387,331	1.08%	3.43% to     1.70%
2006	0.95% to 2.65%	23,057,427		13.50 to 11.09		329,617,768	1.16%	13.94% to   12.04%
2005	0.95% to 2.65%	27,537,079		11.85 to   9.90		345,511,948	1.36%	4.97% to     3.21%
2004	0.95% to 2.65%	32,018,278		11.29 to   9.59		383,272,912	0.84%	8.42% to     6.64%
2003	0.95% to 2.65%	36,088,504		10.41 to   8.99		399,297,369	0.89%	25.52% to   23.34%
Oppenheimer VAF – Main Street® – Service Class
2007	1.50% to 2.60%	664,432		13.01 to 12.21		8,506,714	0.86%	2.58% to     1.43%
2006	1.50% to 2.60%	714,818		12.68 to 12.03		8,944,319	0.98%	13.04% to   11.78%
2005	1.50% to 2.60%	782,227		11.22 to 10.77		8,680,626	1.15%	4.16% to     3.00%
2004	1.50% to 2.60%	862,728		10.77 to 10.45		9,221,380	0.69%	7.51% to     6.31%
2003	1.50% to 2.60%	853,327		10.02 to   9.83		8,506,949	0.76%	24.54% to   23.15%
Oppenheimer VAF – Mid Cap Fund – Non-Service Shares
2007	0.95% to 2.70%	8,636,413		14.57 to 11.51		135,797,826	0.00%	5.32% to     3.48%
2006	0.95% to 2.70%	11,328,404		13.83 to 11.12		171,399,480	0.00%	1.98% to     0.23%
2005	0.95% to 2.70%	14,779,566		13.56 to 11.10		218,757,332	0.00%	11.26% to     9.38%
2004	0.95% to 2.70%	16,225,604		12.19 to 10.15		215,497,732	0.00%	18.64% to   16.63%
2003	0.95% to 2.70%	18,042,331		10.28 to   8.70		201,857,509	0.00%	24.40% to   22.18%
Oppenheimer VAF – Strategic Bond Fund – Service Class
2007	1.50% to 2.60%	452,665		14.57 to 13.67		6,489,866	3.32%	7.90% to     6.69%
2006	1.50% to 2.60%	418,884		13.50 to 12.81		5,583,752	3.61%	5.63% to     4.45%
2005	1.50% to 2.60%	360,341		12.78 to 12.27		4,553,817	4.19%	0.95% to    -0.18%
2004	1.50% to 2.60%	398,799		12.66 to 12.29		5,008,223	4.92%	6.81% to     5.62%
2003	1.50% to 2.60%	444,295		11.86 to 11.64		5,241,337	3.79%	15.40% to   14.11%
PIMCO VIT – Real Return Portfolio – Administrative Shares
2007	0.95% to 1.30%	25,083		11.13 to 11.07		278,591	5.95%	9.66% to     9.28%
2006	0.95% to 1.30%	74,407		10.15 to 10.13		755,146	3.97%	1.50% to     1.30%	(a) (b)
PIMCO VIT – Total Return Portfolio – Administrative Shares
2007	0.95% to 1.30%	33,848		11.15 to 11.09		376,864	5.60%	7.73% to     7.15%
2006	0.95% to 1.10%	21,396		10.35 to 10.35		221,448	3.67%	3.50% to     3.50%	(a) (b)
Putnam VT – Growth and Income Fund – IB Shares
2007	1.25%	2,177		12.91		28,097	1.24%	-7.22%
2006	1.25%	2,742		13.91		38,143	1.39%	14.47%
2005	1.25%	3,329		12.15		40,456	2.10%	3.92%
2004	1.25%	1,598		11.69		18,688	0.00%	9.72%
Royce Capital Fund – Micro-Cap Portfolio
2007	0.95% to 1.30%	41,378		11.34 to 11.28		467,888	2.31%	3.00% to   2.64%
2006	0.95% to 1.20%	11,724		11.01 to 10.99		128,982	0.31%	10.10% to   9.90%	(a) (b)
SBL Fund – Series D (Global Series)
2007	1.10% to 1.30%	15,283		12.50 to 12.46		190,962	0.00%	7.67% to   7.32%
2006	1.10% to 1.15%	10,257		11.61 to 11.61		119,083	0.00%	16.10% to 16.10%	(a) (b)

(Continued)

123

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
SBL Fund – Series J (Mid Cap Growth Series)
2007	0.95% to 1.30%	6,602	$	9.13 to   9.08	$	60,149	0.00%	-11.36% to -11.67%
2006	0.95% to 1.20%	5,632		10.30 to 10.28		57,954	0.00%	3.00% to    2.80%	(a) (b)
SBL Fund – Series N (Managed Asset Allocation Series)
2007	0.95% to 1.25%	10,932		11.57 to 11.51		126,202	0.00%	5.09% to    4.64%
2006	1.10% to 1.25%	5,872		11.01 to 11.00		64,646	0.00%	10.10% to  10.00%	(a) (b)
SBL Fund – Series O (Equity Income Series)
2007	0.95% to 1.30%	25,150		11.58 to 11.52		290,548	0.00%	1.85% to    1.41%
2006	0.95% to 1.15%	13,985		11.37 to 11.36		158,900	0.00%	13.70% to  13.60%	(a) (b)
SBL Fund – Series P (High Yield Series)
2007	0.95% to 1.30%	40,974		10.72 to 10.66		438,344	0.00%	1.13% to    0.76%
2006	0.95% to 1.30%	57,506		10.60 to 10.58		609,242	0.00%	6.00% to    5.80%	(a) (b)
SBL Fund – Series Q (Small Cap Value Series)
2007	0.95% to 1.30%	52,222		11.77 to 11.71		612,804	0.00%	9.29% to    8.83%
2006	1.10% to 1.20%	17,623		10.77 to 10.76		189,748	0.00%	7.70% to    7.60%	(a) (b)
SBL Fund – Series V (Mid Cap Value Series)
2007	0.95% to 1.30%	128,838		10.84 to 10.78		1,392,964	0.00%	0.93% to    0.56%
2006	0.95% to 1.25%	48,041		10.74 to 10.72		515,556	0.00%	7.40% to    7.20%	(a) (b)
SBL Fund – Series X (Small Cap Growth Series)
2007	1.10% to 1.15%	145		10.78 to 10.77		1,561	0.00%	4.46% to    4.36%
2006	1.10% to 1.15%	81		10.32 to 10.32		836	0.00%	3.20% to    3.20%	(a) (b)
SBL Fund – Series Y (Select 25 Series)
2007	1.10% to 1.25%	545		10.06 to 10.03		5,466	0.00%	-7.20% to   -7.39%
2006	1.10% to 1.25%	1,127		10.84 to 10.83		12,212	0.00%	8.40% to    8.30%	(a) (b)
T. Rowe Price Blue Chip Growth Portfolio – II
2007	0.95% to 2.20%	1,844,368		11.78 to 13.30		22,155,421	0.10%	11.41% to  10.07%
2006	0.95% to 2.20%	1,416,705		10.58 to 12.09		15,312,049	0.38%	5.76% to    4.89%	(a) (b)
2005	1.25% to 2.25%	4,352		11.22 to 11.15		48,642	0.17%	12.21% to  11.46%	(a) (b)
T. Rowe Price Equity Income Portfolio – II
2007	0.95% to 2.65%	1,986,743		11.25 to 12.29		22,946,653	1.71%	2.05% to    0.35%
2006	0.95% to 2.25%	1,364,550		11.02 to 12.34		15,774,454	1.36%	10.24% to    9.31%	(a) (b)
2005	1.25% to 2.25%	29,153		10.55 to 10.48		306,871	0.76%	5.49% to    4.78%	(a) (b)
T. Rowe Price Limited Term Bond Portfolio – Class II
2007	0.95% to 2.05%	597,947		10.71 to 10.51		6,383,646	4.21%	4.22% to    3.06%
2006	0.95% to 1.85%	278,165		10.28 to 10.22		2,857,789	3.45%	2.77% to    2.15%	(a) (b)
2005	1.25% to 2.25%	10,922		10.04 to   9.98		109,196	1.04%	0.44% to   -0.24%	(a) (b)
The Dreyfus Socially Responsible Growth Fund, Inc. – Initial Shares
2007	0.95% to 2.70%	6,507,082		12.43 to   8.03		78,657,447	0.56%	6.76% to    4.91%
2006	0.95% to 2.70%	8,426,635		11.64 to   7.66		94,920,399	0.11%	8.17% to    6.29%
2005	0.95% to 2.70%	10,565,350		10.76 to   7.21		110,388,147	0.00%	2.63% to    0.85%
2004	0.95% to 2.70%	13,226,882		10.49 to   7.14		134,949,800	0.38%	5.20% to    3.41%
2003	0.95% to 2.70%	14,356,877		9.97 to   6.91		139,619,825	0.11%	24.81% to 22.55%
The Dreyfus Socially Responsible Growth Fund, Inc. – Service Shares
2007	1.50% to 2.60%	18,076		11.26 to 10.56		199,928	0.29%	5.87% to    4.68%
2006	1.50% to 2.60%	21,134		10.63 to 10.09		221,499	0.00%	7.33% to    6.13%
2005	1.50% to 2.60%	31,607		9.91 to   9.51		309,376	0.00%	1.81% to    0.67%
2004	1.50% to 2.60%	44,270		9.73 to   9.44		425,727	0.17%	4.35% to    3.19%
2003	1.50% to 2.60%	36,008		9.32 to   9.15		333,031	0.00%	23.87% to  22.49%
Turner GVIT Growth Focus Fund – Class I
2003	0.95% to 2.35%	559,208		3.23 to   2.86		1,760,628	0.00%	49.53% to  47.37%
Turner GVIT Growth Focus Fund – Class III
2003	0.95% to 2.45%	471,588		11.19 to 10.90		5,254,060	0.00%	49.05% to  46.81%
Van Eck Worldwide Insurance Trust – Emerging Markets Fund – Class R1
2007	0.95% to 2.65%	1,458,468		31.11 to 29.32		45,060,130	0.44%	36.25% to  34.09%
2006	0.95% to 2.40%	1,627,022		22.83 to 22.02		36,935,001	0.61%	38.21% to  36.37%
2005	0.95% to 2.40%	1,743,322		16.52 to 16.14		28,703,317	0.59%	30.62% to  28.87%
2004	0.95% to 2.05%	908,023		12.65 to 12.56		11,466,172	0.00%	26.48% to  25.57%	(a) (b)

(Continued)

124

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Van Eck Worldwide Insurance Trust – Emerging Markets Fund – Initial Class
2007	0.95% to 2.20%	1,160,958	$	28.82 to 35.46	$	42,349,252	0.47%	36.30% to  34.57%
2006	0.95% to 2.30%	1,535,950		21.14 to 34.65		43,798,341	0.64%	38.17% to  36.47%
2005	0.95% to 2.30%	2,068,868		15.30 to 25.39		41,782,827	0.81%	30.75% to  29.12%
2004	0.95% to 2.30%	2,577,130		11.70 to 19.67		39,447,879	0.64%	24.70% to  23.16%
2003	0.95% to 2.30%	4,165,438		9.38 to 15.97		51,636,455	0.18%	52.73% to  50.68%
Van Eck Worldwide Insurance Trust – Hard Assets Fund – Class R1
2007	0.95% to 2.65%	1,841,149		33.35 to 31.43		60,950,614	0.11%	43.94% to  41.61%
2006	0.95% to 2.65%	1,987,076		23.17 to 22.19		45,765,443	0.08%	23.36% to  21.42%
2005	0.95% to 2.40%	2,553,864		18.78 to 18.36		47,804,049	0.18%	50.18% to  48.19%
2004	0.95% to 2.40%	1,131,969		12.50 to 12.39		14,137,698	0.00%	25.05% to  23.88%	(a) (b)
Van Eck Worldwide Insurance Trust – Hard Assets Fund – Initial Class
2007	0.95% to 2.20%	800,293		32.63 to 39.87		30,418,032	0.13%	43.97% to  42.14%
2006	0.95% to 2.30%	1,061,403		22.66 to 32.53		29,115,074	0.07%	23.31% to  21.81%
2005	0.95% to 2.30%	1,384,893		18.38 to 26.71		30,499,273	0.36%	50.24% to  48.39%
2004	0.95% to 2.30%	1,848,191		12.23 to 18.00		27,183,400	0.43%	23.05% to  21.53%
2003	0.95% to 2.55%	2,984,906		9.96 to 14.65		36,038,095	0.33%	43.70% to  41.41%
Van Kampen LIT – Comstock Portfolio – Class II
2007	1.50% to 2.60%	1,281,115		13.52 to 12.68		16,966,951	1.68%	-3.80% to   -4.88%
2006	1.50% to 2.60%	1,437,197		14.05 to 13.33		19,854,900	1.25%	14.31% to  13.04%
2005	1.50% to 2.60%	1,555,924		12.29 to 11.80		18,867,355	0.94%	2.55% to    1.41%
2004	1.50% to 2.60%	1,625,539		11.99 to 11.63		19,291,848	0.75%	15.67% to  14.38%
2003	1.50% to 2.60%	1,531,792		10.36 to 10.17		15,774,769	0.63%	28.81% to  27.37%
Van Kampen LIT – Strategic Growth Portfolio – Class II
2007	1.50% to 2.50%	215,311		11.77 to 11.11		2,481,515	0.00%	14.88% to  13.71%
2006	1.50% to 2.60%	254,837		10.25 to   9.72		2,564,525	0.00%	1.09% to   -0.04%
2005	1.50% to 2.60%	281,218		10.14 to   9.73		2,808,969	0.01%	6.03% to    4.85%
2004	1.50% to 2.60%	302,950		9.56 to   9.28		2,865,969	0.00%	5.18% to    4.00%
2003	1.50% to 2.60%	301,195		9.09 to   8.92		2,720,109	0.00%	25.13% to  23.74%
Van Kampen UIF – Core Plus Fixed Income Portfolio – Class I
2007	0.95% to 2.20%	1,037,706		10.90 to 10.62		11,267,437	4.26%	4.45% to    3.14%
2006	0.95% to 2.15%	385,528		10.43 to 10.30		4,016,565	0.90%	4.34% to    3.51%	(a) (b)
Van Kampen UIF – Core Plus Fixed Income Portfolio – Class II
2007	1.50% to 2.60%	93,300		11.22 to 10.65		1,030,437	3.94%	3.63% to    2.47%
2006	1.50% to 2.60%	60,560		10.83 to 10.39		647,614	4.75%	2.01% to    0.88%
2005	1.50% to 2.60%	37,278		10.61 to 10.30		391,951	2.96%	2.38% to    1.24%
2004	1.50% to 2.45%	27,302		10.37 to 10.20		282,081	5.05%	2.51% to    1.52%
2003	1.50% to 2.05%	14,916		10.11 to 10.08		150,667	0.07%	1.13% to    0.76%	(a) (b)
Van Kampen UIF – Emerging Markets Debt Portfolio – Class I
2007	0.95% to 2.40%	837,101		21.93 to 27.34		22,021,247	6.99%	5.51% to    4.01%
2006	0.95% to 2.40%	1,142,148		20.79 to 26.29		28,742,683	8.28%	9.76% to    8.20%
2005	0.95% to 2.40%	1,499,114		18.94 to 24.29		34,255,801	7.61%	11.19% to    9.63%
2004	0.95% to 2.40%	1,923,815		17.03 to 22.16		39,415,803	6.36%	9.02% to    7.48%
2003	0.95% to 2.45%	3,277,139		15.62 to 20.57		63,486,350	0.00%	26.65% to  24.83%
Van Kampen UIF – Mid Cap Growth Portfolio – class I
2007	0.95% to 2.20%	2,396,216		10.68 to   9.69		26,414,168	0.00%	21.49% to  19.95%
2006	0.95% to 2.65%	3,019,705		8.79 to 11.39		28,519,749	0.00%	8.24% to    6.46%
2005	0.95% to 2.25%	3,599,728		8.12 to 10.97		31,087,420	0.00%	16.45% to  15.02%
2004	0.95% to 2.25%	3,445,048		6.97 to   9.54		25,755,104	0.00%	20.44% to  18.98%
2003	0.95% to 2.25%	3,202,235		5.79 to   8.02		20,243,245	0.00%	40.42% to  38.56%
Van Kampen UIF – U.S. Real Estate Portfolio – Class I
2007	0.95% to 2.85%	7,005,630		28.15 to 27.28		208,397,721	1.16%	-17.86% to -19.40%
2006	0.95% to 2.85%	10,845,668		34.27 to 33.85		395,730,180	1.10%	36.74% to  34.27%
2005	0.95% to 2.85%	12,119,855		25.06 to 25.21		323,563,099	1.20%	15.94% to  13.84%
2004	0.95% to 2.85%	14,131,924		21.62 to 22.14		325,936,456	1.46%	35.10% to  32.66%
2003	0.95% to 2.85%	13,455,607		16.00 to 16.69		229,964,262	0.00%	36.21% to  33.66%

(Continued)

125

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Victory VIF – Diversified Stock Fund Class A Shares
2007	0.95% to 2.15%	975,201	$	14.33 to 12.87	$	13,517,054	0.67%	8.90% to   7.64%
2006	0.95% to 2.15%	1,255,579		13.16 to 11.96		15,902,096	0.32%	12.60% to 11.30%
2005	0.95% to 2.15%	1,477,938		11.68 to 10.74		16,700,637	0.08%	7.72% to   6.46%
2004	0.95% to 2.15%	1,705,072		10.85 to 10.09		17,971,207	0.54%	8.62% to   7.40%
2003	0.95% to 2.15%	1,957,002		9.99 to   9.40		19,073,759	0.34%	33.69% to 32.05%
Initial Funding by the Company
2003	0.00%	100,000		10.37		1,037,146	0.34%	34.97%
Victory VIF – Investment Quality Bond Fund Class A Shares
2003	1.20% to 1.65%	65,051		12.32 to 12.07		801,000	1.81%	-0.34% to  -0.80%
Initial Funding by the Company
2003	0.00%	100,000		13.05		1,304,876	1.81%	0.87%
Victory VIF – Small Company Opportunity Fund Class A Shares
2003	0.95% to 2.05%	139,791		12.75 to 12.77		1,823,390	0.03%	29.46% to 28.04%
Initial Funding by the Company
2003	0.00%	100,000		14.00		1,400,366	0.03%	30.70%
W&R Target Funds, Inc. – Asset Strategy Portfolio
2007	0.95% to 2.50%	14,390,538		24.54 to 21.65		344,690,429	0.64%	42.74% to 40.61%
2006	0.95% to 2.50%	14,439,370		17.19 to 15.39		243,077,277	0.37%	19.01% to 17.28%
2005	0.95% to 2.50%	13,534,569		14.45 to 13.13		192,039,128	0.91%	23.10% to 21.28%
2004	0.95% to 2.50%	12,509,904		11.74 to 10.82		144,706,783	1.39%	12.22% to 10.57%
2003	0.95% to 2.50%	11,476,467		10.46 to   9.79		118,673,742	1.31%	10.42% to   8.76%
W&R Target Funds, Inc. – Balanced Portfolio
2007	0.95% to 2.40%	7,103,270		14.21 to 12.85		98,563,321	1.35%	12.58% to 10.98%
2006	0.95% to 2.40%	7,857,473		12.62 to 11.58		97,168,074	1.35%	10.16% to   8.59%
2005	0.95% to 2.40%	8,795,903		11.46 to 10.66		99,072,107	1.21%	4.02% to   2.55%
2004	0.95% to 2.40%	9,573,904		11.02 to 10.40		104,023,435	1.52%	7.90% to   6.43%
2003	0.95% to 2.40%	8,746,952		10.21 to   9.77		88,346,309	0.78%	17.96% to 16.30%
W&R Target Funds, Inc. – Bond Portfolio
2007	0.95% to 2.45%	9,744,380		13.57 to 12.23		129,124,805	4.27%	4.66% to   3.09%
2006	0.95% to 2.45%	7,144,826		12.97 to 11.86		90,803,031	4.28%	3.26% to   1.71%
2005	0.95% to 2.45%	7,659,203		12.56 to 11.66		94,606,243	4.28%	0.65% to  -0.84%
2004	0.95% to 2.45%	8,199,654		12.48 to 11.76		100,979,352	4.15%	2.89% to   1.40%
2003	0.95% to 2.50%	8,824,865		12.13 to 11.24		105,941,161	4.68%	3.19% to   1.66%
W&R Target Funds, Inc. – Core Equity Portfolio
2007	0.95% to 2.50%	22,343,431		11.91 to 10.73		259,445,543	0.60%	12.94% to 11.23%
2006	0.95% to 2.50%	25,267,360		10.55 to   9.65		260,652,329	0.86%	15.88% to 14.14%
2005	0.95% to 2.50%	27,738,468		9.10 to   8.45		247,757,812	0.32%	7.97% to   6.35%
2004	0.95% to 2.50%	30,602,270		8.43 to   7.95		254,008,204	0.62%	8.53% to   6.94%
2003	0.95% to 2.50%	31,339,819		7.77 to   7.43		240,491,705	0.79%	16.15% to 14.36%
W&R Target Funds, Inc. – Dividend Income Portfolio
2007	0.95% to 2.30%	2,699,802		16.21 to 15.31		43,121,810	0.96%	15.60% to 14.09%
2006	0.95% to 2.25%	2,287,217		14.02 to 13.44		31,707,103	1.55%	14.82% to 13.39%
2005	0.95% to 2.10%	1,421,645		12.21 to 11.89		17,222,991	1.47%	11.96% to 10.72%
2004	0.95% to 2.10%	652,179		10.91 to 10.74		7,083,332	1.22%	9.08% to   8.24%	(a) (b)
W&R Target Funds, Inc. – Energy Portfolio
2007	0.95% to 2.25%	794,716		13.88 to 13.57		10,956,096	0.50%	49.85% to 47.88%
2006	0.95% to 2.25%	225,125		9.26 to   9.18		2,079,139	1.04%	-7.40% to  -8.21%	(a) (b)
W&R Target Funds, Inc. – Global Natural Resources Portfolio
2007	0.95% to 2.50%	3,287,167		21.71 to 20.89		70,684,121	0.03%	42.13% to 40.04%
2006	0.95% to 2.50%	2,887,238		15.27 to 14.92		43,840,312	0.43%	24.30% to 22.51%
2005	0.95% to 2.50%	1,378,143		12.29 to 12.18		16,894,061	0.00%	22.87% to 21.79%	(a) (b)
W&R Target Funds, Inc. – Growth Portfolio
2007	0.95% to 2.50%	25,148,472		11.93 to 10.98		292,538,227	0.00%	24.61% to 22.72%
2006	0.95% to 2.50%	28,866,345		9.57 to   8.95		270,352,480	0.00%	4.04% to   2.46%
2005	0.95% to 2.50%	33,936,580		9.20 to   8.73		306,477,658	0.00%	10.18% to   8.50%
2004	0.95% to 2.50%	38,640,684		8.35 to   8.05		317,807,882	0.28%	2.33% to   0.82%
2003	0.95% to 2.50%	37,406,072		8.16 to   7.98		301,609,039	0.00%	21.89% to 20.02%

(Continued)

126

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
W&R Target Funds, Inc. – High Income Portfolio
2007	0.95% to 2.50%	5,514,524	$	15.57 to 13.89	$	84,027,517	7.66%	2.87% to   1.29%
2006	0.95% to 2.50%	5,604,764		15.14 to 13.71		83,269,476	7.08%	9.22% to   7.55%
2005	0.95% to 2.50%	5,754,595		13.86 to 12.75		78,493,453	7.23%	1.57% to   0.03%
2004	0.95% to 2.50%	6,254,780		13.65 to 12.75		84,264,071	7.08%	8.82% to   7.22%
2003	0.95% to 2.45%	5,707,409		12.54 to 11.99		70,865,343	8.31%	18.60% to 16.91%
W&R Target Funds, Inc. – International Growth Portfolio
2007	0.95% to 2.45%	6,280,053		14.70 to 13.24		89,962,290	0.58%	20.14% to 18.41%
2006	0.95% to 2.45%	6,317,661		12.24 to 11.19		75,594,854	0.61%	19.84% to 18.14%
2005	0.95% to 2.45%	6,562,646		10.21 to   9.47		65,724,366	2.03%	15.37% to 13.71%
2004	0.95% to 2.45%	7,335,175		8.85 to   8.33		63,897,239	0.65%	12.92% to 11.35%
2003	0.95% to 2.45%	7,134,038		7.84 to   7.48		55,194,400	1.70%	23.71% to 21.87%
W&R Target Funds, Inc. – International Value Portfolio
2007	0.95% to 2.25%	2,118,596		18.38 to 19.23		40,016,688	1.65%	8.83% to   7.48%
2006	0.95% to 2.25%	2,084,663		16.89 to 17.89		36,371,800	2.04%	28.39% to 26.81%
2005	0.95% to 2.25%	1,636,753		13.15 to 14.11		22,329,203	2.93%	10.11% to   8.75%
2004	0.95% to 2.15%	635,691		11.95 to 12.99		7,915,954	1.90%	19.46% to 18.55%	(a) (b)
W&R Target Funds, Inc. – Limited-Term Bond Portfolio
2006	0.95% to 2.45%	3,102,882		12.22 to 11.17		37,128,029	3.38%	2.98% to   1.43%
2005	0.95% to 2.45%	3,575,770		11.87 to 11.01		41,681,171	3.05%	0.72% to  -0.78%
2004	0.95% to 2.45%	4,015,932		11.78 to 11.10		46,637,192	2.83%	0.65% to  -0.82%
2003	0.95% to 2.45%	3,743,944		11.70 to 11.19		43,351,583	3.65%	2.18% to   0.70%
W&R Target Funds, Inc. – Micro Cap Growth Portfolio
2007	0.95% to 2.20%	416,786		15.73 to 14.63		6,396,312	0.00%	5.47% to   4.18%
2006	0.95% to 2.20%	457,441		14.92 to 14.04		6,684,118	0.00%	11.20% to   9.89%
2005	0.95% to 2.20%	339,344		13.42 to 12.78		4,474,771	0.00%	19.72% to 18.30%
2004	0.95% to 2.05%	184,067		11.21 to 10.82		2,035,271	0.00%	12.05% to 11.21%	(a) (b)
W&R Target Funds, Inc. – Mid Cap Growth Portfolio
2007	0.95% to 2.50%	1,245,741		13.63 to 13.10		16,820,762	0.02%	11.54% to   9.84%
2006	0.95% to 2.50%	954,630		12.22 to 11.93		11,595,360	0.50%	7.53% to   5.91%
2005	0.95% to 2.50%	363,735		11.36 to 11.26		4,123,615	0.00%	13.61% to 12.60%	(a) (b)
W&R Target Funds, Inc. – Money Market Portfolio
2007	0.95% to 2.40%	3,735,294		11.14 to 10.07		40,487,120	4.60%	3.62% to   2.11%
2006	0.95% to 2.40%	2,969,855		10.75 to   9.86		31,181,969	4.38%	3.33% to   1.84%
2005	0.95% to 2.40%	2,198,821		10.41 to   9.68		22,447,693	2.35%	1.52% to   0.06%
2004	0.95% to 2.40%	2,454,823		10.25 to   9.67		24,753,393	0.67%	-0.26% to  -1.67%
2003	0.95% to 2.30%	2,707,827		10.28 to   9.87		27,477,578	0.60%	-0.44% to  -1.74%
W&R Target Funds, Inc. – Mortgage Securities Portfolio
2007	0.95% to 2.50%	855,365		10.99 to 10.58		9,362,133	3.41%	2.42% to   0.83%
2006	0.95% to 2.50%	808,187		10.73 to 10.49		8,673,304	5.22%	3.78% to   2.17%
2005	0.95% to 2.50%	618,701		10.34 to 10.27		6,420,496	5.69%	1.03% to  -0.53%
2004	0.95% to 1.95%	226,204		10.23 to 10.36		2,332,148	3.85%	2.31% to   1.89%	(a) (b)
W&R Target Funds, Inc. – Real Estate Securities Portfolio
2007	0.95% to 2.50%	1,285,756		14.58 to 14.67		19,058,804	0.52%	-16.87% to-18.14%
2006	0.95% to 2.50%	1,572,126		17.53 to 17.92		28,157,201	0.86%	28.85% to 26.96%
2005	0.95% to 2.50%	1,139,421		13.61 to 14.12		15,880,114	1.84%	9.78% to   8.17%
2004	0.95% to 2.05%	541,343		12.40 to 13.09		6,915,677	1.05%	23.96% to 23.43%	(a) (b)
W&R Target Funds, Inc. – Science and Technology Portfolio
2007	0.95% to 2.50%	9,699,144		14.50 to 14.16		137,088,431	0.00%	23.18% to 21.33%
2006	0.95% to 2.50%	10,562,288		11.77 to 11.67		121,575,510	0.00%	6.85% to   5.25%
2005	0.95% to 2.50%	11,941,607		11.01 to 11.09		129,070,341	0.00%	16.13% to   4.41%
2004	0.95% to 2.50%	12,706,625		9.48 to   9.69		118,653,046	0.00%	15.15% to   3.49%
2003	0.95% to 2.50%	11,425,184		8.24 to   8.54		92,939,816	0.00%	29.22% to 27.26%
W&R Target Funds, Inc. – Small Cap Growth Portfolio
2007	0.95% to 2.50%	8,843,950		15.11 to 14.09		130,361,616	0.00%	12.43% to 10.71%
2006	0.95% to 2.50%	10,059,603		13.44 to 12.73		132,310,577	0.00%	4.06% to   2.48%
2005	0.95% to 2.50%	12,069,149		12.91 to 12.42		153,045,546	0.00%	11.81% to 10.16%
2004	0.95% to 2.50%	13,698,218		11.55 to 11.28		155,868,547	0.00%	13.21% to 11.57%
2003	0.95% to 2.50%	13,190,389		10.20 to 10.11		132,974,855	0.00%	34.48% to 32.47%

(Continued)

127

NATIONWIDE VARIABLE ACCOUNT-9 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value			Contract Owners’ Equity		Investment Income Ratio**	Total Return***
W&R Target Funds, Inc. – Small Cap Value Portfolio
2007	0.95% to 2.15%	921,499	$	12.77 to 13.30		$	12,023,934	0.01%	-5.05% to  -6.17%
2006	0.95% to 2.15%	981,472		13.45 to 14.17			13,544,922	0.14%	15.74% to 14.40%
2005	0.95% to 2.15%	1,005,493		11.62 to 12.39			12,034,087	0.00%	3.16% to   1.96%
2004	0.95% to 2.15%	631,627		11.27 to 12.15			7,397,736	0.00%	12.66% to 11.79%	(a) (b)
W&R Target Funds, Inc. – Value Portfolio
2007	0.95% to 2.45%	7,960,591		14.92 to 13.53			115,970,544	0.93%	0.92% to  -0.55%
2006	0.95% to 2.45%	9,004,271		14.78 to 13.60			130,384,387	1.02%	15.77% to 14.07%
2005	0.95% to 2.45%	10,933,745		12.77 to 11.93			137,210,472	1.38%	3.43% to   1.93%
2004	0.95% to 2.45%	11,755,346		12.34 to 11.70			143,146,407	1.13%	13.61% to 12.03%
2003	0.95% to 2.45%	9,899,433		10.86 to 10.44			106,447,898	0.65%	23.92% to 22.11%
Wells Fargo AVT – Opportunity FundSM
2007	0.95% to 2.70%	10,766,464		13.53 to 14.79			148,802,499	0.62%	5.61% to   3.80%
2006	0.95% to 2.70%	13,514,581		12.81 to 14.25			180,134,788	0.00%	11.16% to   9.25%
2005	0.95% to 2.70%	16,647,315		11.52 to 13.04			200,165,641	0.00%	6.86% to   5.03%
2004	0.95% to 2.70%	19,567,386		10.78 to 12.42			220,663,748	0.00%	17.10% to 15.15%
2003	0.95% to 2.70%	21,393,485		9.21 to 10.78			206,907,437	0.08%	35.71% to 33.28%
2007 Reserves for annuity contracts in payout phase:							100,490,623
2007 Contract owners' equity					$		4,026,009,866
2006 Reserves for annuity contracts in payout phase:							92,698,887
2006 Contract owners' equity					$		15,205,517,008
2005 Reserves for annuity contracts in payout phase:							70,940,826
2005 Contract owners' equity					$		15,354,197,207
2004 Reserves for annuity contracts in payout phase:							61,993,592
2004 Contract owners' equity					$		15,697,256,439
2003 Reserves for annuity contracts in payout phase:							47,547,289
2003 Contract owners' equity					$		14,967,347,100

*	This represents the range of annual contract expense rates of the variable account for the period indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units.
**	This represents the dividends for the period indicated, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by average net assets. The ratios exclude those expenses, such as mortality and expense charges or annual contract maintenance charges, that result in direct reductions to the contractholder accounts through reductions in unit values or redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest.
***	This represents the range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit value for expenses assessed. It does not include any expenses assessed through the redemption of units, the inclusion of which would result in a reduction of the total return presented.
(a) & (b)	Denote the minimum and maximum of the total return ranges, respectively, for underlying mutual fund options that were added during the reporting period. These returns were not annualized. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) is representative of all units issued and outstanding at period end. Such options that were added during the reporting period are designated using both symbols.

128

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life Insurance Company and

    Contract Owners of Nationwide Variable Account-9:

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of Nationwide Variable Account-9 (comprised of the sub-accounts listed in note 1(b) (collectively, “the Accounts”)) as of December 31, 2007, and the related statements of operations and changes in contract owners’ equity, and the financial highlights for each of the periods indicated herein. These financial statements and financial highlights are the responsibility of the Accounts’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2007, by correspondence with the transfer agents of the underlying mutual funds. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Accounts as of December 31, 2007, and the results of their operations, changes in contract owners’ equity, and financial highlights for each of the periods indicated herein, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP

Columbus, Ohio

March 18, 2008

129

NATIONWIDE LIFE INSURANCE COMPANY HOME OFFICE: ONE NATIONWIDE PLAZA • COLUMBUS, OHIO 43215-2220   PRSRT STD
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PAID
NATIONWIDE  

Nationwide^® is a registered federal service mark of Nationwide Mutual Insurance Company