Nationwide^®

VLI Separate Account-6

Annual Report

to

Contract Owners

December 31, 2006

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

VLX– 0100AO–12/06

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2006

Assets:
Investments at fair value:
American Century Variable Portfolios, Inc. – Income & Growth Fund – Class II (ACVPIncGr2) 1,323 shares (cost $9,731)	$	11,400
American Century Variable Portfolios, Inc. – Income & Growth Fund – Class III (ACVPIncGr3) 16,437 shares (cost $130,082)		141,852
American Century Variable Portfolios, Inc. – Ultra® Fund – Class II (ACVPUltra2) 5,725 shares (cost $56,893)		57,137
American Century Variable Portfolios, Inc. – Ultra® Fund – Class III (ACVPUltra3) 6,906 shares (cost $69,220)		69,266
American Century Variable Portfolios, Inc. – Value Fund – Class II (ACVPVal2) 8,065 shares (cost $62,615)		70,408
American Century Variable Portfolios, Inc. – Value Fund – Class III (ACVPVal3) 41,342 shares (cost $336,305)		361,326
Fidelity® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class 2 (FidVIPEIS2) 5,071 shares (cost $120,218)		131,188
Fidelity® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class 2 R (FidVIPEIS2R) 9,561 shares (cost $240,490)		246,008
Fidelity® Variable Insurance Products Fund – Growth Portfolio – Service Class 2 (FidVIPGrS2) 822 shares (cost $26,359)		29,123
Fidelity® Variable Insurance Products Fund – Growth Portfolio – Service Class 2 R (FidVIPGrS2R) 2,000 shares (cost $68,371)		70,574
Fidelity® Variable Insurance Products Fund II – Contrafund® Portfolio – Service Class 2 (FidVIPConS2) 4,869 shares (cost $126,804)		151,465
Fidelity® Variable Insurance Products Fund II – Contrafund® Portfolio – Service Class 2 R (FidVIPConS2R) 22,057 shares (cost $684,490)		684,215
Gartmore GVIT – Federated GGVIT High Income Bond Fund – Class III (GVITFHiInc3) 6,976 shares (cost $54,842)		55,595
Gartmore GVIT – Government Bond Fund – Class I (GVITGvtBd) 2,847 shares (cost $33,175)		32,311
Gartmore GVIT – Government Bond Fund – Class III (GVITGvtBd3) 15,767 shares (cost $179,047)		178,958
Gartmore GVIT – Investor Destinations Aggressive Fund – Class II (GVITIDAg2) 509 shares (cost $5,899)		6,870
Gartmore GVIT – Investor Destinations Aggressive Fund – Class VI (GVITIDAg6) 11,425 shares (cost $143,085)		153,891
Gartmore GVIT – Investor Destinations Conservative Fund – Class VI (GVITIDCon6) 2,676 shares (cost $27,497)		27,935
Gartmore GVIT – Investor Destinations Moderate Fund – Class II (GVITIDMod2) 2,835 shares (cost $31,727)		34,810
Gartmore GVIT – Investor Destinations Moderate Fund – Class VI (GVITIDMod6) 27,354 shares (cost $320,401)		335,092
Gartmore GVIT – Investor Destinations Moderately Aggressive Fund – Class II (GVITIDModAg2) 6,374 shares (cost $71,681)		83,502

(Continued)

2

NATIONWIDE VLI SEPARATE ACCOUNT-6

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

Gartmore GVIT – Investor Destinations Moderately Aggressive Fund – Class VI (GVITIDModAg6) 24,541 shares (cost $305,200)	$	320,499
Gartmore GVIT – Investor Destinations Moderately Conservative Fund – Class II (GVITIDModCon2) 228 shares (cost $2,468)		2,585
Gartmore GVIT – Investor Destinations Moderately Conservative Fund – Class VI (GVITIDModCon6) 2,740 shares (cost $30,100)		31,016
Gartmore GVIT – Mid Cap Growth Fund – Class I (GVITMdCpGr) 140 shares (cost $3,150)		4,171
Gartmore GVIT – Mid Cap Growth Fund – Class III (GVITMdCpGr3) 634 shares (cost $17,148)		18,954
Gartmore GVIT – Money Market Fund II – Class I (GVITMyMktII) 23,746,194 shares (cost $23,746,194)		23,746,194
Gartmore GVIT – Nationwide® Fund – Class II (GVITNWFund2) 1,047 shares (cost $11,663)		13,904
Gartmore GVIT – Nationwide® Fund – Class III (GVITNWFund3) 2,191 shares (cost $27,733)		29,227
Gartmore GVIT – Small Cap Growth Fund – Class II (GVITSmCapGr2) 162 shares (cost $2,137)		2,626
Gartmore GVIT – Small Cap Growth Fund – Class III (GVITSmCapGr3) 77 shares (cost $1,209)		1,250
Gartmore GVIT – Small Cap Value Fund – Class II (GVITSmCapVal2) 335 shares (cost $3,963)		4,128
Gartmore GVIT – Small Cap Value Fund – Class III (GVITSmCapVal3) 2,384 shares (cost $29,741)		29,758
Gartmore GVIT – Small Company Fund – Class II (GVITSmComp2) 1,112 shares (cost $24,565)		27,415
Gartmore GVIT – Small Company Fund – Class III (GVITSmComp3) 2,578 shares (cost $61,389)		64,485
Rydex Variable Trust Portfolios – Absolute Return Strategies Fund (RyAbsRtStr) 13,387 shares (cost $348,650)		350,747
Rydex Variable Trust Portfolios – Banking Fund (RyBank) 9,786 shares (cost $316,821)		317,456
Rydex Variable Trust Portfolios – Basic Materials Fund (RyBasicM) 9,369 shares (cost $312,029)		312,259
Rydex Variable Trust Portfolios – Biotechnology Fund (RyBioTech) 3,520 shares (cost $73,773)		72,725
Rydex Variable Trust Portfolios – Commodities Fund (RyComm100) 3,242 shares (cost $61,343)		58,838
Rydex Variable Trust Portfolios – Consumer Products Fund (RyConsProd) 9,197 shares (cost $337,024)		336,158
Rydex Variable Trust Portfolios – Dynamic Dow Fund (RyDyDow) 21,656 shares (cost $592,736)		582,339
Rydex Variable Trust Portfolios – Dynamic OTC Fund (RyDyOTC) 53,869 shares (cost $1,261,173)		1,263,762
Rydex Variable Trust Portfolios – Dynamic S&P 500 Fund (RyDySP500) 31,236 shares (cost $683,999)		678,139

(Continued)

3

NATIONWIDE VLI SEPARATE ACCOUNT-6

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

Rydex Variable Trust Portfolios – Dynamic Strengthening Dollar Fund (RyDyStrDol) 344 shares (cost $7,825)	$	7,761
Rydex Variable Trust Portfolios – Dynamic Weakening Dollar Fund (RyDyWeakDol) 7,956 shares (cost $223,553)		218,879
Rydex Variable Trust Portfolios – Electronics Fund (RyElec) 2,203 shares (cost $31,344)		30,892
Rydex Variable Trust Portfolios – Energy Fund (RyEnergy) 9,469 shares (cost $371,809)		313,796
Rydex Variable Trust Portfolios – Energy Services Fund (RyEnSvc) 6,599 shares (cost $207,411)		196,587
Rydex Variable Trust Portfolios – Europe Advantage Fund (RyEuroAdv) 32,924 shares (cost $969,908)		974,554
Rydex Variable Trust Portfolios – Financial Services Fund (RyFinSvc) 4,764 shares (cost $155,408)		153,317
Rydex Variable Trust Portfolios – Government Long Bond Advantage Fund (RyGvtLgBd) 11,669 shares (cost $137,167)		134,894
Rydex Variable Trust Portfolios – Health Care Fund (RyHealthC) 13,586 shares (cost $391,810)		385,985
Rydex Variable Trust Portfolios – Hedged Equity Fund (RyHedgeEq) 7,321 shares (cost $194,463)		192,843
Rydex Variable Trust Portfolios – Internet Fund (RyNet) 10,970 shares (cost $179,679)		177,383
Rydex Variable Trust Portfolios – Inverse Dynamic Dow Fund (RyInDyDow) 3,841 shares (cost $131,472)		128,064
Rydex Variable Trust Portfolios – Inverse Government Long Bond Fund (RyInvGovLgBd) 39,303 shares (cost $835,737)		846,980
Rydex Variable Trust Portfolios – Inverse Mid-Cap Fund (RyInvMidCap) 4,648 shares (cost $174,121)		171,795
Rydex Variable Trust Portfolios – Inverse OTC Fund (RyInOTC) 17,246 shares (cost $337,215)		341,289
Rydex Variable Trust Portfolios – Inverse Russell 2000 Fund (RyInRus2000) 6,724 shares (cost $232,945)		232,701
Rydex Variable Trust Portfolios – Inverse S&P 500 Fund (RyInSP500) 172,973 shares (cost $832,845)		759,351
Rydex Variable Trust Portfolios – Japan Advantage Fund (RyJapanAdv) 31,965 shares (cost $1,012,804)		867,213
Rydex Variable Trust Portfolios – Large Cap Growth Fund (RyLgCapGr) 25,381 shares (cost $685,062)		677,165
Rydex Variable Trust Portfolios – Large Cap Value Fund (RyLgCapVal) 12,839 shares (cost $409,536)		408,012
Rydex Variable Trust Portfolios – Leisure Fund (RyLeisure) 10,487 shares (cost $272,120)		274,650
Rydex Variable Trust Portfolios – Mid Cap Advantage Fund (RyMidCapAdv) 28,668 shares (cost $841,289)		693,770
Rydex Variable Trust Portfolios – Mid Cap Growth Fund (RyMidCapGr) 16,891 shares (cost $510,404)		495,399

(Continued)

4

NATIONWIDE VLI SEPARATE ACCOUNT-6

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

Rydex Variable Trust Portfolios – Mid Cap Value Fund (RyMidCapVal) 14,978 shares (cost $331,327)	$	335,206
Rydex Variable Trust Portfolios – Multi Cap Core Equity Fund (RyMCpCoreEq) 674 shares (cost $19,196)		19,270
Rydex Variable Trust Portfolios – Nova Fund (RyNova) 60,456 shares (cost $603,907)		609,996
Rydex Variable Trust Portfolios – OTC Fund (RyOTC) 69,115 shares (cost $1,070,565)		1,063,684
Rydex Variable Trust Portfolios – Precious Metals Fund (RyPrecMet) 92,015 shares (cost $1,106,759)		1,157,547
Rydex Variable Trust Portfolios – Real Estate Fund (RyRealEst) 9,170 shares (cost $465,069)		460,791
Rydex Variable Trust Portfolios – Retailing Fund (RyRetail) 661 shares (cost $20,361)		19,673
Rydex Variable Trust Portfolios – Russell 2000 Advantage Fund (RyRuss2000) 100,362 shares (cost $4,047,500)		4,128,902
Rydex Variable Trust Portfolios – Sector Rotation Fund (RySectRot) 38,826 shares (cost $536,444)		522,990
Rydex Variable Trust Portfolios – Small Cap Growth Fund (RySmCapGr) 17,421 shares (cost $528,515)		521,226
Rydex Variable Trust Portfolios – Small Cap Value Fund (RySmCapVal) 8,347 shares (cost $244,553)		238,732
Rydex Variable Trust Portfolios – Technology Fund (RyTech) 7,540 shares (cost $112,212)		111,139
Rydex Variable Trust Portfolios – Telecommunications Fund (RyTele) 10,208 shares (cost $223,877)		223,663
Rydex Variable Trust Portfolios – Transportation Fund (RyTrans) 3,988 shares (cost $144,732)		139,794
Rydex Variable Trust Portfolios – Utilities Fund (RyUtil) 21,757 shares (cost $489,605)		486,921
Total Investments		49,924,375
Accounts Receivable		–
Total Assets		49,924,375
Accounts Payable		978
Contract Owners Equity (note 7)	$	49,923,397

See accompanying notes to financial statements.

5

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS

Year Ended December 31, 2006

Investment activity:	Total			ACVPIncGr2		ACVPIncGr3		ACVPUltra2		ACVPUltra3		ACVPVal2		ACVPVal3		FidVIPEIS2
Reinvested dividends	$	1,158,198		170		1,037		–		–		788		2,293		3,769
Net investment income (loss)		1,158,198		170		1,037		–		–		788		2,293		3,769
Proceeds from mutual fund shares sold		700,235,793		7,699		17,734		8,894		14,736		3,806		65,919		18,491
Cost of mutual fund shares sold		(698,783,406	)	(7,196	)	(17,037	)	(8,580	)	(15,299	)	(4,116	)	(68,422	)	(16,591	)
Realized gain (loss) on investments		1,452,387		503		697		314		(563	)	(310	)	(2,503	)	1,900
Change in unrealized gain (loss) on investments		(134,263	)	1,142		11,288		(2,395	)	(770	)	5,127		21,365		1,901
Net gain (loss) on investments		1,318,124		1,645		11,985		(2,081	)	(1,333	)	4,817		18,862		3,801
Reinvested capital gains		915,129		–		–		–		–		5,590		14,463		15,450
Net increase (decrease) in contract owners’ equity resulting from operations	$	3,391,451		1,815		13,022		(2,081	)	(1,333	)	11,195		35,618		23,020
Investment activity:	FidVIPEIS2R			FidVIPGrS2		FidVIPGrS2R		FidVIPConS2		FidVIPConS2R		GVITFHiInc3		GVITGvtBd		GVITGvtBd3
Reinvested dividends	$	5,256		48		144		1,569		4,838		2,596		1,631		5,602
Net investment income (loss)		5,256		48		144		1,569		4,838		2,596		1,631		5,602
Proceeds from mutual fund shares sold		25,693		17,550		52,009		48,404		112,629		32,735		17,876		51,030
Cost of mutual fund shares sold		(24,330	)	(15,201	)	(49,012	)	(35,089	)	(100,500	)	(32,651	)	(18,645	)	(51,749	)
Realized gain (loss) on investments		1,363		2,349		2,997		13,315		12,129		84		(769	)	(719	)
Change in unrealized gain (loss) on investments		1,090		(282	)	1,161		(7,924	)	(11,457	)	753		(268	)	(118	)
Net gain (loss) on investments		2,453		2,067		4,158		5,391		672		837		(1,037	)	(837	)
Reinvested capital gains		22,131		–		–		12,494		50,725		–		374		792
Net increase (decrease) in contract owners’ equity resulting from operations	$	29,840		2,115		4,302		19,454		56,235		3,433		968		5,557

(Continued)

6

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2006

Investment activity:	GVITIDAgg2			GVITIDAgg6		GVITIDCon6		GVITIDMod2		GVITIDMod6		GVITIDModAg2		GVITIDModAg6		GVITIDModCon2
Reinvested dividends	$	131		6,314		1,419		1,028		7,073		1,792		5,095		69
Net investment income (loss)		131		6,314		1,419		1,028		7,073		1,792		5,095		69
Proceeds from mutual fund shares sold		714		570,181		75,809		42,820		127,247		14,223		71,815		64
Cost of mutual fund shares sold		(654	)	(586,738	)	(76,609	)	(41,365	)	(123,626	)	(13,016	)	(68,757	)	(63	)
Realized gain (loss) on investments		60		(16,557	)	(800	)	1,455		3,621		1,207		3,058		1
Change in unrealized gain (loss) on investments		751		10,645		1,610		1,816		13,291		7,516		15,253		99
Net gain (loss) on investments		811		(5,912	)	810		3,271		16,912		8,723		18,311		100
Reinvested capital gains		95		8,160		477		501		2,707		1,034		2,034		33
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,037		8,562		2,706		4,800		26,692		11,549		25,440		202
Investment activity:	GVITIDModCon6			GVITMdCpGr		GVITMdCpGr3		GVITMyMktII		GVITNWFund2		GVITNWFund3		GVITSmCapGr2		GVITSmCapGr3
Reinvested dividends	$	1,389		–		–		758,893		127		299		–		–
Net investment income (loss)		1,389		–		–		758,893		127		299		–		–
Proceeds from mutual fund shares sold		88,641		1,045		5,501		233,590,634		2,158		54,487		242		127
Cost of mutual fund shares sold		(87,784	)	(816	)	(5,181	)	(233,590,634	)	(1,936	)	(54,630	)	(201	)	(117	)
Realized gain (loss) on investments		857		229		320		–		222		(143	)	41		10
Change in unrealized gain (loss) on investments		1,104		205		1,431		–		1,384		877		39		24
Net gain (loss) on investments		1,961		434		1,751		–		1,606		734		80		34
Reinvested capital gains		807		–		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	4,157		434		1,751		758,893		1,733		1,033		80		34

(Continued)

7

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2006

Investment activity:	GVITSmCapVal2			GVITSmCapVal3		GVITSmComp2		GVITSmComp3		RyAbsRtStr		RyBank		RyBasicM		RyBioTech
Reinvested dividends	$	14		100		15		91		3,945		1,914		3,861		–
Net investment income (loss)		14		100		15		91		3,945		1,914		3,861		–
Proceeds from mutual fund shares sold		12,134		6,304		4,910		2,621		92,849		1,745,016		4,480,096		2,599,055
Cost of mutual fund shares sold		(12,296	)	(6,502	)	(4,737	)	(2,754	)	(90,039	)	(1,742,257	)	(4,443,614	)	(2,592,838	)
Realized gain (loss) on investments		(162	)	(198	)	173		(133	)	2,810		2,759		36,482		6,217
Change in unrealized gain (loss) on investments		1,116		1,776		2,224		4,117		2,098		1,092		727		(580	)
Net gain (loss) on investments		954		1,578		2,397		3,984		4,908		3,851		37,209		5,637
Reinvested capital gains		452		1,960		588		399		5,014		–		5,592		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,420		3,638		3,000		4,474		13,867		5,765		46,662		5,637
Investment activity:		RyComm100		RyConsProd		RyDyDow		RyDyOTC		RyDySP500		RyDyStrDol		RyDyWeakDol		RyElec
Reinvested dividends	$	–		2,802		2,622		1,018		6,580		103		8,526		–
Net investment income (loss)		–		2,802		2,622		1,018		6,580		103		8,526		–
Proceeds from mutual fund shares sold		305,948		3,297,539		2,802,930		63,111,420		3,268,282		1,242,806		1,020,554		2,115,504
Cost of mutual fund shares sold		(347,088	)	(3,259,973	)	(2,732,189	)	(62,613,334	)	(3,230,912	)	(1,247,662	)	(1,017,153	)	(2,152,700	)
Realized gain (loss) on investments		(41,140	)	37,566		70,741		498,086		37,370		(4,856	)	3,401		(37,196	)
Change in unrealized gain (loss) on investments		(2,505	)	(643	)	(6,477	)	41,097		2,802		(64	)	(4,673	)	21
Net gain (loss) on investments		(43,645	)	36,923		64,264		539,183		40,172		(4,920	)	(1,272	)	(37,175	)
Reinvested capital gains		–		3,341		54,039		–		25,920		–		131		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	(43,645	)	43,066		120,925		540,201		72,672		(4,817	)	7,385		(37,175	)

(Continued)

8

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2006

Investment activity:	RyEnergy			RyEnSvc		RyEuroAdv		RyFinSvc		RyGvtLgBd		RyHealthC		RyHedgeEq		RyNet
Reinvested dividends	$	–		–		14,740		1,587		95,501		–		2,709		–
Net investment income (loss)		–		–		14,740		1,587		95,501		–		2,709		–
Proceeds from mutual fund shares sold		5,606,929		3,390,312		2,822,961		2,349,330		162,922,622		3,874,137		82,815		1,728,185
Cost of mutual fund shares sold		(5,649,725	)	(3,468,430	)	(2,764,340	)	(2,338,583	)	(162,532,842	)	(3,855,649	)	(81,817	)	(1,704,604	)
Realized gain (loss) on investments		(42,796	)	(78,118	)	58,621		10,747		389,780		18,488		998		23,581
Change in unrealized gain (loss) on investments		(53,190	)	71		3,424		(1,748	)	3,248		(5,769	)	(1,620	)	734
Net gain (loss) on investments		(95,986	)	(78,047	)	62,045		8,999		393,028		12,719		(622	)	24,315
Reinvested capital gains		92,420		33,485		23,987		5,659		–		13,561		5,127		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	(3,566	)	(44,562	)	100,772		16,245		488,529		26,280		7,214		24,315
Investment activity:	RyInDyDow			RyInvGovLgBd		RyInvMidCap		RyInOTC		RyInRus2000		RyInSP500		RyJapanAdv		RyLgCapGr
Reinvested dividends	$	1,865		29,834		938		21,628		3,586		59,961		30,165		–
Net investment income (loss)		1,865		29,834		938		21,628		3,586		59,961		30,165		–
Proceeds from mutual fund shares sold		1,676,315		35,648,073		2,845,937		35,732,002		4,305,518		3,450,333		2,624,105		3,619,439
Cost of mutual fund shares sold		(1,727,492	)	(35,714,155	)	(2,875,169	)	(35,630,876	)	(4,363,989	)	(3,513,662	)	(2,580,123	)	(3,617,140	)
Realized gain (loss) on investments		(51,177	)	(66,082	)	(29,232	)	101,126		(58,471	)	(63,329	)	43,982		2,299
Change in unrealized gain (loss) on investments		(4,312	)	10,599		(1,895	)	833		(109	)	(76,169	)	(187,011	)	(2,330	)
Net gain (loss) on investments		(55,489	)	(55,483	)	(31,127	)	101,959		(58,580	)	(139,498	)	(143,029	)	(31	)
Reinvested capital gains		–		–		–		–		–		–		152,825		9,978
Net increase (decrease) in contract owners’ equity resulting from operations	$	(53,624	)	(25,649	)	(30,189	)	123,587		(54,994	)	(79,537	)	39,961		9,947

(Continued)

9

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2006

Investment activity:	RyLgCapVal			RyLeisure		RyMidCapAdv		RyMidCapGr		RyMidCapVal		RyMCpCoreEq		RyNova		RyOTC
Reinvested dividends	$	1,997		–		2,675		–		2,495		9		6,286		–
Net investment income (loss)		1,997		–		2,675		–		2,495		9		6,286		–
Proceeds from mutual fund shares sold		6,434,933		907,524		9,782,108		3,813,612		2,067,605		153,715		1,788,157		18,072,853
Cost of mutual fund shares sold		(6,397,732	)	(901,434	)	(9,757,292	)	(3,825,773	)	(2,056,066	)	(151,342	)	(1,734,864	)	(17,793,440	)
Realized gain (loss) on investments		37,201		6,090		24,816		(12,161	)	11,539		2,373		53,293		279,413
Change in unrealized gain (loss) on investments		(434	)	2,539		(134,268	)	(12,840	)	4,308		74		12,828		41,909
Net gain (loss) on investments		36,767		8,629		(109,452	)	(25,001	)	15,847		2,447		66,121		321,322
Reinvested capital gains		6,389		7,301		188,902		30,089		–		18		–		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	45,153		15,930		82,125		5,088		18,342		2,474		72,407		321,322
Investment activity:	RyPrecMet			RyRealEst		RyRetail		RyRuss2000		RySectRot		RySmCapGr		RySmCapVal		RyTech
Reinvested dividends	$	–		6,944		–		15,064		–		–		1,758		–
Net investment income (loss)		–		6,944		–		15,064		–		–		1,758		–
Proceeds from mutual fund shares sold		4,064,920		3,284,191		1,364,279		29,913,611		2,143,253		3,881,562		3,729,375		2,115,244
Cost of mutual fund shares sold		(4,022,344	)	(3,223,241	)	(1,365,173	)	(29,900,677	)	(2,144,300	)	(3,892,853	)	(3,751,075	)	(2,096,657	)
Realized gain (loss) on investments		42,576		60,950		(894	)	12,934		(1,047	)	(11,291	)	(21,700	)	18,587
Change in unrealized gain (loss) on investments		32,974		(3,001	)	(665	)	143,595		(18,750	)	3,147		(5,238	)	1,530
Net gain (loss) on investments		75,550		57,949		(1,559	)	156,529		(19,797	)	(8,144	)	(26,938	)	20,117
Reinvested capital gains		–		13,494		572		–		54,409		15,846		18,406		–
Net increase (decrease) in contract owners’ equity resulting from operations	$	75,550		78,387		(987	)	171,593		34,612		7,702		(6,774	)	20,117

(Continued)

10

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2006

Investment activity:	RyTele			RyTrans		RyUtil
Reinvested dividends	$	2,568		–		10,927
Net investment income (loss)		2,568		–		10,927
Proceeds from mutual fund shares sold		2,144,862		3,371,455		7,274,640
Cost of mutual fund shares sold		(2,131,635	)	(3,367,786	)	(7,238,533	)
Realized gain (loss) on investments		13,227		3,669		36,107
Change in unrealized gain (loss) on investments		367		(4,426	)	(1,454	)
Net gain (loss) on investments		13,594		(757	)	34,653
Reinvested capital gains		2,514		–		4,844
Net increase (decrease) in contract owners’ equity resulting from operations	$	18,676		(757	)	50,424

See accompanying notes to financial statements.

11

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2006 and 2005

	Total					ACVPIncGr2				ACVPIncGr3				ACVPUltra2
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	1,158,198		490,774		170		12,940		1,037		–		–		–
Realized gain (loss) on investments		1,452,387		(304,297	)	503		(11,803	)	697		67		314		1,912
Change in unrealized gain (loss) on investments		(134,263	)	(262,553	)	1,142		(2,138	)	11,288		482		(2,395	)	(5,457	)
Reinvested capital gains		915,129		276,474		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		3,391,451		200,398		1,815		(1,001	)	13,022		549		(2,081	)	(3,545	)
Equity transactions:
Purchase payments received from contract owners (note 6)		21,828,817		19,955,648		–		1,802		11,232		8,412		–		2,816
Transfers between funds		–		–		(6,916	)	(5,914	)	68,956		54,580		(6,881	)	(4,174	)
Surrenders (note 6)		(842,330	)	(1,059,368	)	–		(8,082	)	(443	)	(1,080	)	(377	)	(10,052	)
Death benefits (note 4)		–		70		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(4,896,363	)	(2,067,422	)	–		–		(7,285	)	–		–		(25,188	)
Deductions for surrender charges (note 2d)		(165,947	)	(188,070	)	(80	)	–		(253	)	–		–		(148	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(2,680,057	)	(1,868,992	)	(648	)	(3,164	)	(4,138	)	(1,288	)	(1,418	)	(7,778	)
Asset charges (note 3)		(145,802	)	(94,548	)	(55	)	(190	)	(329	)	(82	)	(217	)	(480	)
Adjustments to maintain reserves		(4,186	)	12,659		18		(18	)	2		23		13		2
Net equity transactions		13,094,132		14,689,977		(7,681	)	(15,566	)	67,742		60,565		(8,880	)	(45,002	)
Net change in contract owners’ equity		16,485,583		14,890,375		(5,866	)	(16,567	)	80,764		61,114		(10,961	)	(48,547	)
Contract owners’ equity beginning of period		33,437,814		18,547,439		17,288		33,855		61,114		–		68,118		116,665
Contract owners’ equity end of period	$	49,923,397		33,437,814		11,422		17,288		141,878		61,114		57,157		68,118
CHANGES IN UNITS:
Beginning units		2,989,670		1,582,462		1,326		2,714		5,672		–		5,704		9,962
Units purchased		3,083,765		2,729,482		–		1,038		6,701		5,901		–		1,355
Units redeemed		(1,927,271	)	(1,322,274	)	(576	)	(2,426	)	(1,127	)	(229	)	(750	)	(5,613	)
Ending units		4,146,164		2,989,670		750		1,326		11,246		5,672		4,954		5,704

(Continued)

12

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	ACVPUltra3					ACVPVal2				ACVPVal3				FidVIPEIS2
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	–		–		788		1,156		2,293		–		3,769		2,054
Realized gain (loss) on investments		(563	)	128		(310	)	(7,313	)	(2,503	)	993		1,900		3,444
Change in unrealized gain (loss) on investments		(770	)	816		5,127		(5,298	)	21,365		3,657		1,901		(2,478	)
Reinvested capital gains		–		–		5,590		16,218		14,463		–		15,450		5,078
Net increase (decrease) in contract owners’ equity resulting from operations		(1,333	)	944		11,195		4,763		35,618		4,650		23,020		8,098
Equity transactions:
Purchase payments received from contract owners (note 6)		13,814		16,270		–		9,946		37,732		68,966		1,961		15,296
Transfers between funds		32,039		15,446		–		(48,156	)	149,284		90,280		(11,345	)	(8,808	)
Surrenders (note 6)		(302	)	(1,036	)	(139	)	(10,166	)	(1,483	)	(1,026	)	(449	)	(2,168	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(42	)	(660	)	–		(242	)	(145	)	(1,674	)	–		28
Deductions for surrender charges (note 2d)		–		(4	)	–		(152	)	–		(4	)	(56	)	(96	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(4,352	)	(1,186	)	(3,368	)	(9,668	)	(14,750	)	(4,926	)	(7,970	)	(8,750	)
Asset charges (note 3)		(270	)	(68	)	(298	)	(512	)	(880	)	(318	)	(631	)	(622	)
Adjustments to maintain reserves		(3	)	24		(2	)	7		–		14		3		(18	)
Net equity transactions		40,884		28,786		(3,807	)	(58,943	)	169,758		151,312		(18,487	)	(5,138	)
Net change in contract owners’ equity		39,551		29,730		7,388		(54,180	)	205,376		155,962		4,533		2,960
Contract owners’ equity beginning of period		29,730		–		63,031		117,211		155,962		–		126,660		123,700
Contract owners’ equity end of period	$	69,281		29,730		70,419		63,031		361,338		155,962		131,193		126,660
CHANGES IN UNITS:
Beginning units		2,692		–		4,744		9,250		14,436		–		9,668		9,968
Units purchased		4,268		2,965		–		2,007		15,225		15,189		874		1,757
Units redeemed		(474	)	(273	)	(270	)	(6,513	)	(1,473	)	(753	)	(2,192	)	(2,057	)
Ending units		6,486		2,692		4,474		4,744		28,188		14,436		8,350		9,668

(Continued)

13

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	FidVIPEIS2R					FidVIPGrS2				FidVIPGrS2R				FidVIPConS2
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	5,256		–		48		122		144		–		1,569		310
Realized gain (loss) on investments		1,363		149		2,349		982		2,997		2,046		13,315		21,466
Change in unrealized gain (loss) on investments		1,090		4,429		(282	)	2,670		1,161		1,043		(7,924	)	11,517
Reinvested capital gains		22,131		–		–		–		–		–		12,494		44
Net increase (decrease) in contract owners’ equity resulting from operations		29,840		4,578		2,115		3,774		4,302		3,089		19,454		33,337
Equity transactions:
Purchase payments received from contract owners (note 6)		34,274		30,416		–		1,402		10,001		6,550		–		14,246
Transfers between funds		94,811		77,516		(6,060	)	7,464		14,265		49,346		(36,344	)	(55,918	)
Surrenders (note 6)		(672	)	(298	)	(113	)	(8,254	)	(928	)	(1,204	)	(646	)	(11,448	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(7,546	)	–		–		–		(7,434	)	–		–		(204	)
Deductions for surrender charges (note 2d)		(102	)	(4	)	(524	)	–		–		–		(30	)	(160	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(12,069	)	(3,796	)	(2,199	)	(5,178	)	(5,387	)	(1,634	)	(10,615	)	(16,394	)
Asset charges (note 3)		(739	)	(202	)	(150	)	(248	)	(297	)	(96	)	(769	)	(994	)
Adjustments to maintain reserves		(5	)	23		(120	)	3		2		10		(5	)	(7	)
Net equity transactions		107,952		103,655		(9,166	)	(4,811	)	10,222		52,972		(48,409	)	(70,879	)
Net change in contract owners’ equity		137,792		108,233		(7,051	)	(1,037	)	14,524		56,061		(28,955	)	(37,542	)
Contract owners’ equity beginning of period		108,233		–		36,058		37,095		56,061		–		180,421		217,963
Contract owners’ equity end of period	$	246,025		108,233		29,007		36,058		70,585		56,061		151,466		180,421
CHANGES IN UNITS:
Beginning units		9,848		–		3,092		3,356		4,986		–		12,254		17,268
Units purchased		10,980		10,251		–		1,062		2,131		5,245		–		2,675
Units redeemed		(2,156	)	(403	)	(758	)	(1,326	)	(1,227	)	(259	)	(3,022	)	(7,689	)
Ending units		18,672		9,848		2,334		3,092		5,890		4,986		9,232		12,254

(Continued)

14

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	FidVIPConS2R					GVITFHiInc3			GVITGvtBd				GVITGvtBd3
Investment activity:	2006			2005		2006		2005	2006		2005		2006		2005
Net investment income (loss)	$	4,838		–		2,596		–	1,631		2,042		5,602		1,634
Realized gain (loss) on investments		12,129		1,996		84		–	(769	)	4,095		(719	)	(866	)
Change in unrealized gain (loss) on investments		(11,457	)	11,183		753		–	(268	)	(571	)	(118	)	29
Reinvested capital gains		50,725		–		–		–	374		126		792		62
Net increase (decrease) in contract owners’ equity resulting from operations		56,235		13,179		3,433		–	968		5,692		5,557		859
Equity transactions:
Purchase payments received from contract owners (note 6)		69,193		42,946		490		–	237		30,448		36,486		18,406
Transfers between funds		406,716		156,108		52,164		–	(14,815	)	(28,314	)	88,461		40,162
Surrenders (note 6)		(1,581	)	(1,224	)	(318	)	–	–		–		(371	)	(2,564	)
Death benefits (note 4)		–		–		–		–	–		–		–		–
Net policy repayments (loans) (note 5)		(15,281	)	(732	)	743		–	–		–		314		–
Deductions for surrender charges (note 2d)		(246	)	(4	)	–		–	(49	)	(104	)	(95	)	–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(32,122	)	(6,858	)	(815	)	–	(3,011	)	(4,564	)	(6,068	)	(1,570	)
Asset charges (note 3)		(1,785	)	(330	)	(102	)	–	(239	)	(328	)	(504	)	(122	)
Adjustments to maintain reserves		11		25		15		–	(10	)	2		(4	)	22
Net equity transactions		424,905		189,931		52,177		–	(17,887	)	(2,860	)	118,219		54,334
Net change in contract owners’ equity		481,140		203,110		55,610		–	(16,919	)	2,832		123,776		55,193
Contract owners’ equity beginning of period		203,110		–		–		–	49,236		46,404		55,193		–
Contract owners’ equity end of period	$	684,250		203,110		55,610		–	32,317		49,236		178,969		55,193
CHANGES IN UNITS:
Beginning units		16,980		–		–		–	4,484		4,364		5,436		–
Units purchased		38,417		17,781		5,297		–	429		13,199		12,295		5,618
Units redeemed		(4,059	)	(801	)	(105	)	–	(2,065	)	(13,079	)	(675	)	(182	)
Ending units		51,338		16,980		5,192		–	2,848		4,484		17,056		5,436

(Continued)

15

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	GVITIDAg2					GVITIDAg6				GVITIDCon2			GVITIDCon6
Investment activity:	2006			2005		2006		2005		2006	2005		2006		2005
Net investment income (loss)	$	131		162		6,314		186		–	14		1,419		838
Realized gain (loss) on investments		60		376		(16,557	)	36		–	(1	)	(800	)	3
Change in unrealized gain (loss) on investments		751		(173	)	10,645		162		–	(22	)	1,610		(1,172	)
Reinvested capital gains		95		162		8,160		212		–	–		477		768
Net increase (decrease) in contract owners’ equity resulting from operations		1,037		527		8,562		596		–	(9	)	2,706		437
Equity transactions:
Purchase payments received from contract owners (note 6)		–		130		36,058		4,276		–	–		3,049		2,400
Transfers between funds		–		3,078		101,096		35,654		–	(2,350	)	(25,006	)	54,020
Surrenders (note 6)		–		–		(97	)	–		–	–		(820	)	(172	)
Death benefits (note 4)		–		–		–		–		–	–		–		–
Net policy repayments (loans) (note 5)		–		–		3,557		(19,432	)	–	–		(137	)	(4,062	)
Deductions for surrender charges (note 2d)		–		–		–		–		–	–		–		–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(674	)	(1,236	)	(14,125	)	(1,378	)	–	(44	)	(3,268	)	(900	)
Asset charges (note 3)		(40	)	(54	)	(852	)	(24	)	–	(4	)	(233	)	(82	)
Adjustments to maintain reserves		17		(6	)	(16	)	22		–	(13	)	7		8
Net equity transactions		(697	)	1,912		125,621		19,118		–	(2,411	)	(26,408	)	51,212
Net change in contract owners’ equity		340		2,439		134,183		19,714		–	(2,420	)	(23,702	)	51,649
Contract owners’ equity beginningof period		6,557		4,118		19,714		–		–	2,420		51,649		–
Contract owners’ equity end of period	$	6,897		6,557		153,897		19,714		–	–		27,947		51,649
CHANGES IN UNITS:
Beginning units		540		366		1,758		–		–	232		4,990		–
Units purchased		–		642		51,877		3,725		–	–		389		5,495
Units redeemed		(54	)	(468	)	(41,897	)	(1,967	)	–	(232	)	(2,835	)	(505	)
Ending units		486		540		11,738		1,758		–	–		2,544		4,990

(Continued)

16

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	GVITIDMod2					GVITIDMod6				GVITIDModAg2				GVITIDModAg6
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	1,028		1,644		7,073		1,888		1,792		1,560		5,095		1,560
Realized gain (loss) on investments		1,455		189		3,621		334		1,207		114		3,058		1,199
Change in unrealized gain (loss) on investments		1,816		1,267		13,291		1,400		7,516		4,193		15,253		47
Reinvested capital gains		501		1,284		2,707		1,296		1,034		1,748		2,034		1,612
Net increase (decrease) in contract owners’ equity resulting from operations		4,800		4,384		26,692		4,918		11,549		7,615		25,440		4,418
Equity transactions:
Purchase payments received from contract owners (note 6)		–		13,706		93,209		56,874		–		11,816		83,868		50,416
Transfers between funds		(33,920	)	68,502		95,910		115,328		(2,695	)	53,360		131,020		75,376
Surrenders (note 6)		–		–		(468	)	(174	)	(2,216	)	(2	)	(7,418	)	(54	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		–		–		–		(4,118	)	(1,515	)	–		(1,428	)	–
Deductions for surrender charges (note 2d)		–		–		(133	)	–		(948	)	(106	)	(7,231	)	–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(8,623	)	(18,468	)	(39,888	)	(11,538	)	(6,404	)	(9,210	)	(27,125	)	(5,630	)
Asset charges (note 3)		(277	)	(370	)	(1,266	)	(256	)	(444	)	(388	)	(924	)	(230	)
Adjustments to maintain reserves		19		(6	)	(14	)	22		(6	)	8		20		11
Net equity transactions		(42,801	)	63,364		147,350		156,138		(14,228	)	55,478		170,782		119,889
Net change in contract owners’ equity		(38,001	)	67,748		174,042		161,056		(2,679	)	63,093		196,222		124,307
Contract owners’ equity beginning of period		72,831		5,083		161,056		–		86,191		23,098		124,307		–
Contract owners’ equity end of period	$	34,830		72,831		335,098		161,056		83,512		86,191		320,529		124,307
CHANGES IN UNITS:
Beginning units		6,366		468		14,960		–		7,256		2,082		11,276		–
Units purchased		–		7,616		17,232		16,477		–		6,067		18,395		11,829
Units redeemed		(3,632	)	(1,718	)	(4,262	)	(1,517	)	(1,118	)	(893	)	(4,291	)	(553	)
Ending units		2,734		6,366		27,930		14,960		6,138		7,256		25,380		11,276

(Continued)

17

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	GVITIDModCon2					GVITIDModCon6				GVITMdCpGr				GVITMdCpGr3
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	69		706		1,389		668		–		–		–		–
Realized gain (loss) on investments		1		908		857		45		229		319		320		26
Change in unrealized gain (loss) on investments		99		(67	)	1,104		(187	)	205		183		1,431		376
Reinvested capital gains		33		348		807		572		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		202		1,895		4,157		1,098		434		502		1,751		402
Equity transactions:
Purchase payments received from contract owners (note 6)		–		–		7,854		2,542		–		1,086		4,371		2,668
Transfers between funds		–		1,180		(34,335	)	60,978		–		(1,254	)	(5,343	)	16,628
Surrenders (note 6)		–		–		(837	)	(56	)	2		–		–		(2	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		–		–		–		(3,694	)	–		–		–		–
Deductions for surrender charges (note 2d)		–		–		–		–		(659	)	–		(53	)	–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(54	)	(2,910	)	(5,664	)	(696	)	(363	)	(1,618	)	(727	)	(636	)
Asset charges (note 3)		(11	)	(184	)	(268	)	(68	)	(25	)	(36	)	(75	)	(32	)
Adjustments to maintain reserves		21		(3	)	(6	)	28		(11	)	24		(18	)	23
Net equity transactions		(44	)	(1,917	)	(33,256	)	59,034		(1,056	)	(1,798	)	(1,845	)	18,649
Net change in contract owners’ equity		158		(22	)	(29,099	)	60,132		(622	)	(1,296	)	(94	)	19,051
Contract owners’ equity beginning of period		2,450		2,472		60,132		–		4,809		6,105		19,051		–
Contract owners’ equity end of period	$	2,608		2,450		31,033		60,132		4,187		4,809		18,957		19,051
CHANGES IN UNITS:
Beginning units		220		232		5,696		–		356		496		1,624		–
Units purchased		–		3,608		757		6,123		–		92		354		1,682
Units redeemed		(4	)	(3,620	)	(3,741	)	(427	)	(74	)	(232	)	(508	)	(58	)
Ending units		216		220		2,712		5,696		282		356		1,470		1,624

(Continued)

18

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	GVITMyMktII					GVITNWFund2				GVITNWFund3				GVITSmCapGr2
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	758,893		280,066		127		138		299		100		–		–
Realized gain (loss) on investments		–		–		222		(1,404	)	(143	)	8		41		145
Change in unrealized gain (loss) on investments		–		–		1,384		903		877		617		39		110
Reinvested capital gains		–		–		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		758,893		280,066		1,733		(363	)	1,033		725		80		255
Equity transactions:
Purchase payments received from contract owners (note 6)		19,420,036		18,519,308		–		15,754		13,339		8,270		–		846
Transfers between funds		(7,222,375	)	(3,888,046	)	–		(109,292	)	3,507		10,244		–		(1,264	)
Surrenders (note 6)		(496,640	)	(513,586	)	–		–		(392	)	–		–		–
Death benefits (note 4)		–		70		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(4,446,117	)	(1,424,302	)	–		–		–		–		–		–
Deductions for surrender charges (note 2d)		(106,274	)	(105,846	)	–		–		–		–		(30	)	–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,178,263	)	(907,960	)	(2,079	)	(5,032	)	(5,409	)	(1,892	)	(195	)	(326	)
Asset charges (note 3)		(63,505	)	(42,918	)	(79	)	(172	)	(153	)	(48	)	(16	)	(22	)
Adjustments to maintain reserves		(1,020	)	1,745		(14	)	–		(11	)	15		11		(11	)
Net equity transactions		5,905,842		11,638,465		(2,172	)	(98,742	)	10,881		16,589		(230	)	(777	)
Net change in contract owners’ equity		6,664,735		11,918,531		(439	)	(99,105	)	11,914		17,314		(150	)	(522	)
Contract owners’ equity beginning of period		17,082,571		5,164,040		14,345		113,450		17,314		–		2,789		3,311
Contract owners’ equity end of period	$	23,747,306		17,082,571		13,906		14,345		29,228		17,314		2,639		2,789
CHANGES IN UNITS:
Beginning units		1,663,006		514,102		1,130		9,566		1,560		–		222		284
Units purchased		1,925,089		1,859,176		–		1,482		1,237		1,740		–		77
Units redeemed		(1,367,453	)	(710,272	)	(164	)	(9,918	)	(481	)	(180	)	(18	)	(139	)
Ending units		2,220,642		1,663,006		966		1,130		2,316		1,560		204		222

(Continued)

19

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	GVITSmCapGr3					GVITSmCapVal2				GVITSmCapVal3				GVITSmComp2
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	–		–		14		–		100		10		15		–
Realized gain (loss) on investments		10		21		(162	)	218		(198	)	12		173		47
Change in unrealized gain (loss) on investments		24		18		1,116		(1,370	)	1,776		(1,759	)	2,224		(334	)
Reinvested capital gains		–		–		452		2,000		1,960		1,576		588		3,482
Net increase (decrease) in contract owners’ equity resulting from operations		34		39		1,420		848		3,638		(161	)	3,000		3,195
Equity transactions:
Purchase payments received from contract owners (note 6)		770		1,216		–		2,278		4,590		4,744		–		872
Transfers between funds		–		(650	)	(11,469	)	(11,354	)	10,799		12,976		–		–
Surrenders (note 6)		–		(2	)	–		(160	)	(275	)	(102	)	–		–
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		–		–		–		–		(4,998	)	–		(4,223	)	–
Deductions for surrender charges (note 2d)		(52	)	–		–		–		–		–		–		–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(69	)	(30	)	(616	)	(1,490	)	(1,097	)	(250	)	(572	)	(692	)
Asset charges (note 3)		(5	)	(2	)	(49	)	(108	)	(89	)	(22	)	(114	)	(112	)
Adjustments to maintain reserves		10		6		6		(2	)	11		9		(21	)	13
Net equity transactions		654		538		(12,128	)	(10,836	)	8,941		17,355		(4,930	)	81
Net change in contract owners’ equity		688		577		(10,708	)	(9,988	)	12,579		17,194		(1,930	)	3,276
Contract owners’ equity beginning of period		577		–		14,844		24,832		17,194		–		29,345		26,069
Contract owners’ equity end of period	$	1,265		577		4,136		14,844		29,773		17,194		27,415		29,345
CHANGES IN UNITS:
Beginning units		48		–		1,076		1,850		1,502		–		2,012		2,002
Units purchased		64		109		–		177		1,246		1,535		–		69
Units redeemed		(10	)	(61	)	(820	)	(951	)	(532	)	(33	)	(330	)	(59	)
Ending units		102		48		256		1,076		2,216		1,502		1,682		2,012

(Continued)

20

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	GVITSmComp3					RyAbsRtStr			RyBank				RyBasicM
Investment activity:	2006			2005		2006		2005	2006		2005		2006		2005
Net investment income (loss)	$	91		–		3,945		–	1,914		3,774		3,861		530
Realized gain (loss) on investments		(133	)	1		2,810		–	2,759		(55,372	)	36,482		(45,787	)
Change in unrealized gain (loss) on investments		4,117		(1,020	)	2,098		–	1,092		(1,002	)	727		(542	)
Reinvested capital gains		399		1,498		5,014		–	–		38,732		5,592		21,928
Net increase (decrease) in contract owners’ equity resulting from operations		4,474		479		13,867		–	5,765		(13,868	)	46,662		(23,871	)
Equity transactions:
Purchase payments received from contract owners (note 6)		6,541		2,408		1,001		–	5,628		4,732		30,772		15,228
Transfers between funds		42,880		11,732		353,015		–	284,634		24,506		201,626		(65,478	)
Surrenders (note 6)		(2	)	–		(36	)	–	(2,191	)	(29,090	)	(425	)	(6,204	)
Death benefits (note 4)		–		–		–		–	–		–		–		–
Net policy repayments (loans) (note 5)		(1,836	)	–		(9,579	)	–	(2,487	)	–		(4,603	)	(888	)
Deductions for surrender charges (note 2d)		–		–		–		–	(211	)	(5,028	)	(186	)	(3,012	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,846	)	(198	)	(7,018	)	–	(5,843	)	(5,360	)	(20,896	)	(9,252	)
Asset charges (note 3)		(127	)	(22	)	(503	)	–	(297	)	(268	)	(1,003	)	(586	)
Adjustments to maintain reserves		9		8		11		–	(7	)	10		25		77
Net equity transactions		45,619		13,928		336,891		–	279,226		(10,498	)	205,310		(70,115	)
Net change in contract owners’ equity		50,093		14,407		350,758		–	284,991		(24,366	)	251,972		(93,986	)
Contract owners’ equity beginning of period		14,407		–		–		–	32,480		56,846		60,337		154,323
Contract owners’ equity end of period	$	64,500		14,407		350,758		–	317,471		32,480		312,309		60,337
CHANGES IN UNITS:
Beginning units		1,232		–		–		–	2,582		4,394		4,112		10,942
Units purchased		4,012		1,251		35,768		–	20,949		1,350		14,952		1,489
Units redeemed		(322	)	(19	)	(1,702	)	–	(845	)	(3,162	)	(1,660	)	(8,319	)
Ending units		4,922		1,232		34,066		–	22,686		2,582		17,404		4,112

(Continued)

21

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyBioTech					RyComm100			RyConsProd				RyDyDow
Investment activity:	2006			2005		2006		2005	2006		2005		2006		2005
Net investment income (loss)	$	–		–		–		–	2,802		470		2,622		2,712
Realized gain (loss) on investments		6,217		19,114		(41,140	)	–	37,566		(5,276	)	70,741		(64,596	)
Change in unrealized gain (loss) on investments		(580	)	(202	)	(2,505	)	–	(643	)	(802	)	(6,477	)	33,341
Reinvested capital gains		–		–		–		–	3,341		2,842		54,039		23,594
Net increase (decrease) in contract owners’ equity resulting from operations		5,637		18,912		(43,645	)	–	43,066		(2,766	)	120,925		(4,949	)
Equity transactions:
Purchase payments received from contract owners (note 6)		11,992		6,692		86		–	10,327		7,510		15,345		112,552
Transfers between funds		(190,483	)	182,244		105,320		–	286,129		(89,182	)	(77,614	)	(237,610	)
Surrenders (note 6)		(458	)	(10,174	)	–		–	(4,247	)	(2,230	)	(2,220	)	(7,834	)
Death benefits (note 4)		–		–		–		–	–		–		–		–
Net policy repayments (loans) (note 5)		(8,197	)	(384	)	(385	)	–	(2,840	)	166		(4,868	)	(10,780	)
Deductions for surrender charges (note 2d)		–		(1,214	)	–		–	(279	)	(298	)	–		(986	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(12,404	)	(7,958	)	(2,378	)	–	(11,618	)	(3,874	)	(25,695	)	(20,412	)
Asset charges (note 3)		(696	)	(502	)	(161	)	–	(815	)	(276	)	(1,584	)	(1,060	)
Adjustments to maintain reserves		(1	)	(229	)	5		–	27		73		(16	)	10
Net equity transactions		(200,247	)	168,475		102,487		–	276,684		(88,111	)	(96,652	)	(166,120	)
Net change in contract owners’ equity		(194,610	)	187,387		58,842		–	319,750		(90,877	)	24,273		(171,069	)
Contract owners’ equity beginning of period		267,339		79,952		–		–	16,444		107,321		558,075		729,144
Contract owners’ equity end of period	$	72,729		267,339		58,842		–	336,194		16,444		582,348		558,075
CHANGES IN UNITS:
Beginning units		23,156		7,664		–		–	1,342		8,724		53,398		67,110
Units purchased		3,729		17,371		8,015		–	23,505		1,944		7,156		12,751
Units redeemed		(20,369	)	(1,879	)	(325	)	–	(1,481	)	(9,326	)	(17,870	)	(26,463	)
Ending units		6,516		23,156		7,690		–	23,366		1,342		42,684		53,398

(Continued)

22

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyDyOTC					RyDySP500				RyDyStrDol			RyDyWeakDol
Investment activity:	2006			2005		2006		2005		2006		2005	2006		2005
Net investment income (loss)	$	1,018		–		6,580		400		103		–	8,526		–
Realized gain (loss) on investments		498,086		28,511		37,370		(181,922	)	(4,856	)	–	3,401		–
Change in unrealized gain (loss) on investments		41,097		(49,004	)	2,802		8,526		(64	)	–	(4,673	)	–
Reinvested capital gains		–		–		25,920		34,852		–		–	131		–
Net increase (decrease) in contract owners’ equity resulting from operations		540,201		(20,493	)	72,672		(138,144	)	(4,817	)	–	7,385		–
Equity transactions:
Purchase payments received from contract owners (note 6)		161,849		77,006		65,806		20,190		288		–	2,912		–
Transfers between funds		(1,159,232	)	815,776		269,189		(403,216	)	17,850		–	214,297		–
Surrenders (note 6)		(1,702	)	(648	)	(2,288	)	(7,442	)	(4,967	)	–	(38	)	–
Death benefits (note 4)		–		–		–		–		–		–	–		–
Net policy repayments (loans) (note 5)		(14,829	)	(22	)	(31,079	)	(9,592	)	(14	)	–	(2,554	)	–
Deductions for surrender charges (note 2d)		(705	)	–		(90	)	(1,082	)	–		–	–		–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(90,840	)	(50,178	)	(41,783	)	(42,394	)	(550	)	–	(2,789	)	–
Asset charges (note 3)		(4,570	)	(2,870	)	(2,126	)	(2,052	)	(28	)	–	(334	)	–
Adjustments to maintain reserves		(52	)	(6,180	)	(8	)	(24	)	5		–	19		–
Net equity transactions		(1,110,081	)	832,884		257,621		(445,612	)	12,584		–	211,513		–
Net change in contract owners’ equity		(569,880	)	812,391		330,293		(583,756	)	7,767		–	218,898		–
Contract owners’ equity beginning of period		1,833,598		1,021,207		347,880		931,636		–		–	–		–
Contract owners’ equity end of period	$	1,263,718		1,833,598		678,173		347,880		7,767		–	218,898		–
CHANGES IN UNITS:
Beginning units		146,814		79,288		24,328		67,356		–		–	–		–
Units purchased		29,951		72,321		20,194		3,880		1,323		–	21,445		–
Units redeemed		(80,273	)	(4,795	)	(6,182	)	(46,908	)	(535	)	–	(561	)	–
Ending units		96,492		146,814		38,340		24,328		788		–	20,884		–

(Continued)

23

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyElec					RyEnergy				RyEnSvc				RyEuroAdv
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	–		–		–		108		–		–		14,740		4,428
Realized gain (loss) on investments		(37,196	)	(1,609	)	(42,796	)	72,269		(78,118	)	123,864		58,621		45,554
Change in unrealized gain (loss) on investments		21		(3,527	)	(53,190	)	(5,641	)	71		(11,666	)	3,424		19,075
Reinvested capital gains		–		–		92,420		31,174		33,485		–		23,987		6,456
Net increase (decrease) in contract owners’ equity resulting from operations		(37,175	)	(5,136	)	(3,566	)	97,910		(44,562	)	112,198		100,772		75,513
Equity transactions:
Purchase payments received from contract owners (note 6)		32,713		9,610		44,104		24,402		32,815		66,936		57,407		34,528
Transfers between funds		7,552		(160,224	)	28,959		81,890		(63,299	)	117,360		689,347		(21,386	)
Surrenders (note 6)		(12,757	)	(1,666	)	(8,313	)	(566	)	(6,298	)	(39,436	)	(4,980	)	(38,414	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(6,094	)	–		(2,692	)	(6,558	)	(7,976	)	(778	)	(2,764	)	(5,460	)
Deductions for surrender charges (note 2d)		(721	)	(508	)	(388	)	(166	)	(375	)	(4,096	)	(1,986	)	(5,706	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(11,227	)	(6,462	)	(32,963	)	(39,034	)	(29,324	)	(28,370	)	(36,666	)	(24,108	)
Asset charges (note 3)		(717	)	(280	)	(1,931	)	(1,988	)	(1,914	)	(1,464	)	(1,861	)	(1,514	)
Adjustments to maintain reserves		9		7		37		(10	)	30		97		(6	)	(275	)
Net equity transactions		8,758		(159,523	)	26,813		57,970		(76,341	)	110,249		698,491		(62,335	)
Net change in contract owners’ equity		(28,417	)	(164,659	)	23,247		155,880		(120,903	)	222,447		799,263		13,178
Contract owners’ equity beginning of period		59,323		223,982		290,606		134,726		317,539		95,092		175,289		162,111
Contract owners’ equity end of period	$	30,906		59,323		313,853		290,606		196,636		317,539		974,552		175,289
CHANGES IN UNITS:
Beginning units		6,830		26,786		14,022		9,006		15,384		6,832		11,096		10,914
Units purchased		5,668		1,241		2,918		7,691		6,232		12,466		39,348		5,212
Units redeemed		(9,026	)	(21,197	)	(3,410	)	(2,675	)	(13,032	)	(3,914	)	(2,810	)	(5,030	)
Ending units		3,472		6,830		13,530		14,022		8,584		15,384		47,634		11,096

(Continued)

24

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyFinSvc					RyGvtLgBd				RyHealthC				RyHedgeEq
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	1,587		956		95,501		22,354		–		–		2,709		–
Realized gain (loss) on investments		10,747		(2,511	)	389,780		26,128		18,488		10,540		998		–
Change in unrealized gain (loss) on investments		(1,748	)	(1,915	)	3,248		(3,189	)	(5,769	)	(244	)	(1,620	)	–
Reinvested capital gains		5,659		7,722		–		–		13,561		–		5,127		–
Net increase (decrease) in contract owners’ equity resulting from operations		16,245		4,252		488,529		45,293		26,280		10,296		7,214		–
Equity transactions:
Purchase payments received from contract owners (note 6)		7,325		2,870		2,104		15,530		16,683		10,274		2,611		–
Transfers between funds		91,790		(20,610	)	(921,146	)	773,862		217,485		86,768		192,542		–
Surrenders (note 6)		(2,126	)	(11,982	)	(40,616	)	(76,112	)	(3,619	)	(4,456	)	–		–
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(14	)	(404	)	(4,500	)	(93,778	)	(5,381	)	(1,398	)	(5,839	)	–
Deductions for surrender charges (note 2d)		(448	)	(1,158	)	(7,065	)	(10,054	)	(115	)	(758	)	–		–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(7,983	)	(7,598	)	(70,491	)	(30,902	)	(16,377	)	(9,846	)	(3,476	)	–
Asset charges (note 3)		(455	)	(392	)	(5,134	)	(1,960	)	(935	)	(662	)	(207	)	–
Adjustments to maintain reserves		(11	)	–		(3,169	)	(763	)	(3	)	73		7		–
Net equity transactions		88,078		(39,274	)	(1,050,017	)	575,823		207,738		79,995		185,638		–
Net change in contract owners’ equity		104,323		(35,022	)	(561,488	)	621,116		234,018		90,291		192,852		–
Contract owners’ equity beginning of period		49,002		84,024		693,237		72,121		151,985		61,694		–		–
Contract owners’ equity end of period	$	153,325		49,002		131,749		693,237		386,003		151,985		192,852		–
CHANGES IN UNITS:
Beginning units		3,668		6,502		57,198		6,408		12,090		5,430		–		–
Units purchased		6,935		232		1,129		86,513		19,220		8,111		19,826		–
Units redeemed		(771	)	(3,066	)	(47,103	)	(35,723	)	(2,098	)	(1,451	)	(956	)	–
Ending units		9,832		3,668		11,224		57,198		29,212		12,090		18,870		–

(Continued)

25

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyNet					RyInDyDow				RyInvGovLgBd				RyInvMidCap
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	–		–		1,865		1,420		29,834		–		938		500
Realized gain (loss) on investments		23,581		(14,512	)	(51,177	)	(6,166	)	(66,082	)	63,517		(29,232	)	(43,785	)
Change in unrealized gain (loss) on investments		734		(2,949	)	(4,312	)	5,372		10,599		6,721		(1,895	)	(430	)
Reinvested capital gains		–		5,312		–		–		–		–		–		–
Net increase (decrease) in contract owners’ equity resulting from operations		24,315		(12,149	)	(53,624	)	626		(25,649	)	70,238		(30,189	)	(43,715	)
Equity transactions:
Purchase payments received from contract owners (note 6)		3,915		9,588		4,105		11,090		30,351		24,196		2,236		728
Transfers between funds		31,030		40,566		108,274		(17,000	)	783,473		(293,802	)	196,327		60,296
Surrenders (note 6)		(7,838	)	(182	)	(184	)	(408	)	(32,441	)	(1,234	)	(4,996	)	(308	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(9,535	)	–		(6,183	)	(648	)	(6,626	)	(3,340	)	379		(2	)
Deductions for surrender charges (note 2d)		(401	)	–		–		(158	)	(7,123	)	(216	)	(247	)	–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(5,562	)	(3,632	)	(13,134	)	(9,076	)	(41,249	)	(24,812	)	(7,134	)	(1,052	)
Asset charges (note 3)		(370	)	(214	)	(541	)	(436	)	(2,295	)	(1,238	)	(495	)	(106	)
Adjustments to maintain reserves		9		7		(11	)	141		(6	)	(442	)	4		5
Net equity transactions		11,248		46,133		92,326		(16,495	)	724,084		(300,888	)	186,074		59,561
Net change in contract owners’ equity		35,563		33,984		38,702		(15,869	)	698,435		(230,650	)	155,885		15,846
Contract owners’ equity beginning of period		141,847		107,863		89,362		105,231		148,540		379,190		15,916		70
Contract owners’ equity end of period	$	177,410		141,847		128,064		89,362		846,975		148,540		171,801		15,916
CHANGES IN UNITS:
Beginning units		10,806		8,104		9,932		11,886		18,996		45,952		1,968		8
Units purchased		3,252		3,389		10,752		3,854		91,952		6,930		22,243		2,130
Units redeemed		(1,738	)	(687	)	(2,490	)	(5,808	)	(10,754	)	(33,886	)	(2,123	)	(170	)
Ending units		12,320		10,806		18,194		9,932		100,194		18,996		22,088		1,968

(Continued)

26

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyInOTC					RyInRus2000				RyInSP500				RyJapanAdv
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	21,628		–		3,586		1,928		59,961		–		30,165		–
Realized gain (loss) on investments		101,126		(67,232	)	(58,471	)	(169,859	)	(63,329	)	(25,320	)	43,982		28,673
Change in unrealized gain (loss) on investments		833		3,228		(109	)	(134	)	(76,169	)	2,811		(187,011	)	39,849
Reinvested capital gains		–		–		–		–		–		–		152,825		–
Net increase (decrease) in contract owners’ equity resulting from operations		123,587		(64,004	)	(54,994	)	(168,065	)	(79,537	)	(22,509	)	39,961		68,522
Equity transactions:
Purchase payments received from contract owners (note 6)		11,317		4,038		5,534		1,038		258,439		19,214		302,207		40,906
Transfers between funds		11,446		342,780		226,312		302,832		17,559		723,492		104,868		340,974
Surrenders (note 6)		(7,883	)	(30,224	)	(9,870	)	(1,992	)	(34,349	)	(558	)	(272	)	(40,052	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(9,743	)	–		(710	)	(44,368	)	(3,944	)	–		(9,894	)	(4,262	)
Deductions for surrender charges (note 2d)		(605	)	(3,438	)	(500	)	(214	)	(6,964	)	–		(183	)	(3,890	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(33,759	)	(21,432	)	(11,139	)	(9,552	)	(87,035	)	(29,730	)	(57,049	)	(15,302	)
Asset charges (note 3)		(1,912	)	(1,022	)	(848	)	(764	)	(2,304	)	(940	)	(1,914	)	(620	)
Adjustments to maintain reserves		(94	)	16,482		(2	)	(7	)	(11	)	88		(5	)	550
Net equity transactions		(31,233	)	307,184		208,777		246,973		141,391		711,566		337,758		318,304
Net change in contract owners’ equity		92,354		243,180		153,783		78,908		61,854		689,057		377,719		386,826
Contract owners’ equity beginning of period		248,851		5,671		78,925		17		697,499		8,442		489,507		102,681
Contract owners’ equity end of period	$	341,205		248,851		232,708		78,925		759,353		697,499		867,226		489,507
CHANGES IN UNITS:
Beginning units		30,592		706		9,506		2		85,596		1,028		33,996		8,582
Units purchased		18,809		36,699		25,883		15,854		32,615		88,362		28,623		30,318
Units redeemed		(6,859	)	(6,813	)	(3,555	)	(6,350	)	(17,465	)	(3,794	)	(5,333	)	(4,904	)
Ending units		42,542		30,592		31,834		9,506		100,746		85,596		57,286		33,996

(Continued)

27

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyLgCapGr					RyLgCapVal				RyLeisure				RyMidCapAdv
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	–		172		1,997		290		–		–		2,675		–
Realized gain (loss) on investments		2,299		(1,814	)	37,201		(2,567	)	6,090		(5,988	)	24,816		102,079
Change in unrealized gain (loss) on investments		(2,330	)	(2,408	)	(434	)	593		2,539		(3,102	)	(134,268	)	(26,202	)
Reinvested capital gains		9,978		4,032		6,389		2,066		7,301		3,292		188,902		1,450
Net increase (decrease) in contract owners’ equity resulting from operations		9,947		(18	)	45,153		382		15,930		(5,798	)	82,125		77,327
Equity transactions:
Purchase payments received from contract owners (note 6)		33,366		15,426		22,154		862		2,628		7,974		85,975		50,718
Transfers between funds		447,552		3,834		388,907		(12,320	)	259,322		(169,730	)	(140,858	)	239,324
Surrenders (note 6)		(6,023	)	(40,590	)	(66,899	)	(28,948	)	(170	)	(240	)	(3,434	)	(18,962	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(4,434	)	(7,532	)	(6,002	)	–		(14	)	(2	)	(22,421	)	(10,830	)
Deductions for surrender charges (note 2d)		(1,316	)	(6,218	)	(9,253	)	(3,062	)	(215	)	–		(790	)	(4,916	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(19,282	)	(8,640	)	(19,642	)	(5,066	)	(4,378	)	(3,358	)	(65,899	)	(60,196	)
Asset charges (note 3)		(1,215	)	(520	)	(1,113	)	(266	)	(269	)	(236	)	(3,034	)	(3,192	)
Adjustments to maintain reserves		3		3		–		23		(10	)	9		(3	)	(7	)
Net equity transactions		448,651		(44,237	)	308,152		(48,777	)	256,894		(165,583	)	(150,464	)	191,939
Net change in contract owners’ equity		458,598		(44,255	)	353,305		(48,395	)	272,824		(171,381	)	(68,339	)	269,266
Contract owners’ equity beginning of period		218,572		262,827		54,732		103,127		1,836		173,217		762,133		492,867
Contract owners’ equity end of period	$	677,170		218,572		408,037		54,732		274,660		1,836		693,794		762,133
CHANGES IN UNITS:
Beginning units		20,598		25,208		4,670		9,168		140		12,566		47,902		35,336
Units purchased		43,016		13,092		33,438		11,946		17,162		1,755		7,558		19,940
Units redeemed		(3,070	)	(17,702	)	(8,518	)	(16,444	)	(338	)	(14,181	)	(15,984	)	(7,374	)
Ending units		60,544		20,598		29,590		4,670		16,964		140		39,476		47,902

(Continued)

28

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyMidCapGr					RyMidCapVal				RyMCpCoreEq			RyNova
Investment activity:	2006			2005		2006		2005		2006		2005	2006		2005
Net investment income (loss)	$	–		–		2,495		228		9		–	6,286		1,404
Realized gain (loss) on investments		(12,161	)	2,409		11,539		(23,257	)	2,373		–	53,293		28,692
Change in unrealized gain (loss) on investments		(12,840	)	(2,467	)	4,308		9,253		74		–	12,828		(24,380	)
Reinvested capital gains		30,089		–		–		12,028		18		–	–		–
Net increase (decrease) in contract owners’ equity resulting from operations		5,088		(58	)	18,342		(1,748	)	2,474		–	72,407		5,716
Equity transactions:
Purchase payments received from contract owners (note 6)		40,462		8,242		25,673		11,184		–		–	50,851		26,864
Transfers between funds		100,836		156,238		277,229		(179,412	)	17,511		–	32,186		(39,518	)
Surrenders (note 6)		(5,933	)	(12,346	)	(27	)	(254	)	–		–	(1,459	)	(8,684	)
Death benefits (note 4)		–		–		–		–		–		–	–		–
Net policy repayments (loans) (note 5)		(6,116	)	(11,136	)	(6,556	)	(4,060	)	(93	)	–	(48,640	)	(9,308	)
Deductions for surrender charges (note 2d)		(2,118	)	(3,342	)	(375	)	(54	)	–		–	–		(1,646	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(20,597	)	(10,314	)	(12,185	)	(11,278	)	(573	)	–	(29,080	)	(32,580	)
Asset charges (note 3)		(1,349	)	(562	)	(632	)	(474	)	(51	)	–	(1,797	)	(1,920	)
Adjustments to maintain reserves		(4	)	(15	)	(6	)	36		14		–	6		1
Net equity transactions		105,181		126,765		283,121		(184,312	)	16,808		–	2,067		(66,791	)
Net change in contract owners’ equity		110,269		126,707		301,463		(186,060	)	19,282		–	74,474		(61,075	)
Contract owners’ equity beginning of period		385,137		258,430		33,768		219,828		–		–	535,537		596,612
Contract owners’ equity end of period	$	495,406		385,137		335,231		33,768		19,282		–	610,011		535,537
CHANGES IN UNITS:
Beginning units		31,840		23,814		2,706		19,082		–		–	39,642		45,914
Units purchased		11,014		11,465		21,804		2,091		1,894		–	7,968		25,241
Units redeemed		(3,140	)	(3,439	)	(1,564	)	(18,467	)	(76	)	–	(9,752	)	(31,513	)
Ending units		39,714		31,840		22,946		2,706		1,818		–	37,858		39,642

(Continued)

29

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyOTC					RyPrecMet				RyRealEst				RyRetail
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	–		–		–		–		6,944		3,682		–		–
Realized gain (loss) on investments		279,413		53,269		42,576		37,894		60,950		14,818		(894	)	(16,448	)
Change in unrealized gain (loss) on investments		41,909		(60,533	)	32,974		18,069		(3,001	)	(2,136	)	(665	)	29
Reinvested capital gains		–		–		–		–		13,494		–		572		1,520
Net increase (decrease) in contract owners’ equity resulting from operations		321,322		(7,264	)	75,550		55,963		78,387		16,364		(987	)	(14,899	)
Equity transactions:
Purchase payments received from contract owners (note 6)		113,429		49,080		77,922		9,400		33,976		19,992		15,402		2,814
Transfers between funds		(1,546,375	)	1,551,706		692,407		237,224		268,581		(30,766	)	(6,901	)	11,530
Surrenders (note 6)		(6,955	)	(10,068	)	(4,951	)	(58	)	(11,993	)	(9,614	)	(58	)	(106	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(15,530	)	(19,162	)	(11,924	)	(490	)	(7,497	)	(16	)	–		–
Deductions for surrender charges (note 2d)		(794	)	(6,240	)	(348	)	–		(1,349	)	(3,678	)	–		–
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(64,819	)	(45,582	)	(37,669	)	(11,608	)	(19,284	)	(12,240	)	(3,940	)	(3,908	)
Asset charges (note 3)		(4,448	)	(2,764	)	(2,842	)	(640	)	(1,187	)	(934	)	(221	)	(266	)
Adjustments to maintain reserves		(8	)	(99	)	83		790		2		26		5		10
Net equity transactions		(1,525,500	)	1,516,871		712,678		234,618		261,249		(37,230	)	4,287		10,074
Net change in contract owners’ equity		(1,204,178	)	1,509,607		788,228		290,581		339,636		(20,866	)	3,300		(4,825	)
Contract owners’ equity beginning of period		2,267,861		758,254		369,412		78,831		121,189		142,055		16,397		21,222
Contract owners’ equity end of period	$	1,063,683		2,267,861		1,157,640		369,412		460,825		121,189		19,697		16,397
CHANGES IN UNITS:
Beginning units		192,028		64,918		28,740		7,414		7,876		9,892		1,402		1,914
Units purchased		16,454		134,416		50,062		22,570		17,411		1,682		1,348		1,804
Units redeemed		(123,332	)	(7,306	)	(4,632	)	(1,244	)	(2,377	)	(3,698	)	(1,220	)	(2,316	)
Ending units		85,150		192,028		74,170		28,740		22,910		7,876		1,530		1,402

(Continued)

30

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyRuss2000					RySectRot				RySmCapGr				RySmCapVal
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	15,064		134,156		–		–		–		–		1,758		–
Realized gain (loss) on investments		12,934		(233,821	)	(1,047	)	9,856		(11,291	)	(18,272	)	(21,700	)	(14,294	)
Change in unrealized gain (loss) on investments		143,595		(222,883	)	(18,750	)	3,172		3,147		(7,175	)	(5,238	)	3,065
Reinvested capital gains		–		–		54,409		–		15,846		11,910		18,406		11,402
Net increase (decrease) in contract owners’ equity resulting from operations		171,593		(322,548	)	34,612		13,028		7,702		(13,537	)	(6,774	)	173
Equity transactions:
Purchase payments received from contract owners (note 6)		101,312		166,714		91,564		31,516		31,119		18,364		13,254		10,086
Transfers between funds		2,235,487		(1,379,430	)	216,373		94,468		253,432		(45,958	)	156,026		(104,038	)
Surrenders (note 6)		(5,686	)	(14,294	)	(3,279	)	(196	)	(4,880	)	(19,416	)	(839	)	(4,188	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(39,331	)	(322,980	)	(28,410	)	(14	)	(2,950	)	(12,228	)	(3,367	)	(1,880	)
Deductions for surrender charges (note 2d)		(229	)	(4,400	)	(1,005	)	–		(1,044	)	(4,286	)	(1,020	)	(266	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(162,722	)	(147,714	)	(43,583	)	(16,082	)	(17,149	)	(12,892	)	(12,093	)	(8,350	)
Asset charges (note 3)		(8,476	)	(8,364	)	(2,228	)	(608	)	(1,162	)	(648	)	(844	)	(400	)
Adjustments to maintain reserves		30		1		(5	)	7		–		(280	)	7		20
Net equity transactions		2,120,385		(1,710,467	)	229,427		109,091		257,366		(77,344	)	151,124		(109,016	)
Net change in contract owners’ equity		2,291,978		(2,033,015	)	264,039		122,119		265,068		(90,881	)	144,350		(108,843	)
Contract owners’ equity beginning of period		1,836,973		3,869,988		258,967		136,848		256,172		347,053		94,409		203,252
Contract owners’ equity end of period	$	4,128,951		1,836,973		523,006		258,967		521,240		256,172		238,759		94,409
CHANGES IN UNITS:
Beginning units		123,690		270,782		19,448		11,686		20,828		29,966		7,718		17,220
Units purchased		119,367		13,136		23,113		9,142		21,238		1,949		10,252		1,304
Units redeemed		(13,005	)	(160,228	)	(7,299	)	(1,380	)	(2,728	)	(11,087	)	(1,596	)	(10,806	)
Ending units		230,052		123,690		35,262		19,448		39,338		20,828		16,374		7,718

(Continued)

31

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2006 and 2005

	RyTech					RyTele				RyTrans				RyUtil
Investment activity:	2006			2005		2006		2005		2006		2005		2006		2005
Net investment income (loss)	$	–		–		2,568		–		–		–		10,927		1,464
Realized gain (loss) on investments		18,587		8,606		13,227		(15,852	)	3,669		8,701		36,107		7,577
Change in unrealized gain (loss) on investments		1,530		(2,486	)	367		(644	)	(4,426	)	(2,077	)	(1,454	)	(973	)
Reinvested capital gains		–		–		2,514		17,386		–		690		4,844		–
Net increase (decrease) in contract owners’ equity resulting from operations		20,117		6,120		18,676		890		(757	)	7,314		50,424		8,068
Equity transactions:
Purchase payments received from contract owners (note 6)		27,403		17,266		1,789		6,684		30,310		4,762		21,251		9,310
Transfers between funds		(56,475	)	97,854		185,194		27,470		5,865		58,968		312,047		53,254
Surrenders (note 6)		(263	)	(426	)	(502	)	(462	)	(751	)	(56	)	(6,129	)	(6,336	)
Death benefits (note 4)		–		–		–		–		–		–		–		–
Net policy repayments (loans) (note 5)		(11,899	)	(24	)	(10,016	)	(24	)	(6,367	)	–		(8,472	)	(960	)
Deductions for surrender charges (note 2d)		(44	)	–		(551	)	–		(89	)	–		–		(1,352	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(10,735	)	(8,422	)	(8,496	)	(5,422	)	(17,468	)	(2,496	)	(18,090	)	(13,620	)
Asset charges (note 3)		(659	)	(424	)	(554	)	(268	)	(978	)	(194	)	(976	)	(908	)
Adjustments to maintain reserves		(16	)	22		9		16		20		(19	)	(8	)	412
Net equity transactions		(52,688	)	105,846		166,873		27,994		10,542		60,965		299,623		39,800
Net change in contract owners’ equity		(32,571	)	111,966		185,549		28,884		9,785		68,279		350,047		47,868
Contract owners’ equity beginning of period		143,719		31,753		38,133		9,249		130,035		61,756		136,903		89,035
Contract owners’ equity end of period	$	111,148		143,719		223,682		38,133		139,820		130,035		486,950		136,903
CHANGES IN UNITS:
Beginning units		13,002		2,962		3,024		742		9,142		4,710		9,710		6,982
Units purchased		2,574		10,917		13,236		2,787		3,543		4,715		21,652		4,407
Units redeemed		(6,080	)	(877	)	(1,418	)	(505	)	(3,531	)	(283	)	(2,810	)	(1,679	)
Ending units		9,496		13,002		14,842		3,024		9,154		9,142		28,552		9,710

See accompanying notes to financial statements.

32

NATIONWIDE VLI SEPARATE ACCOUNT-6

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide VLI Separate Account-6 (The Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on July, 10 2001 and commenced operations on November 30, 2003. The Account is registered as a unit investment trust under the Investment Company Act of 1940.

The Company offers Flexible Premium Variable Universal Life Insurance Policies through the Account. The primary distribution for contracts is through wholesalers and brokers.

(b) The Contracts

Only policies with a front-end sales charge, a contingent deferred sales charge and certain other fees are offered for purchase. See note 2 for a discussion of policy charges and note 3 for asset charges.

Policy owners may invest in the following:

Portfolios of the American Century Variable Portfolios Inc.;

    American Century Variable Portfolios Inc. – Income & Growth Fund – Class I (ACVPIncGr)*

    American Century Variable Portfolios Inc. – Income & Growth Fund – Class II (ACVPIncGr2)

    American Century Variable Portfolios Inc. – Income & Growth Fund – Class III (ACVPIncGr3)

    American Century Variable Portfolios Inc. – Ultra^® Fund – Class I (ACVPUltra)*

    American Century Variable Portfolios Inc. – Ultra^® Fund – Class II (ACVPUltra2)

    American Century Variable Portfolios Inc. – Ultra^® Fund – Class III (ACVPUltra3)

    American Century Variable Portfolios Inc. – Value Fund – Class I (ACVPVal)*

    American Century Variable Portfolios Inc. – Value Fund – Class II (ACVPVal2)

    American Century Variable Portfolios Inc. – Value Fund – Class III (ACVPVal3)

Portfolios of the Fidelity^® Variable Insurance Products Fund;

    Fidelity^® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class (FidVIPEIS)*

    Fidelity^® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class 2 (FidVIPEIS2)

    Fidelity^® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class 2 R (FidVIPEIS2R)

    Fidelity^® Variable Insurance Products Fund – Growth Portfolio – Service Class (FidVIPGrS)*

    Fidelity^® Variable Insurance Products Fund – Growth Portfolio – Service Class 2 (FidVIPGrS2)

    Fidelity^® Variable Insurance Products Fund – Growth Portfolio – Service Class 2 R (FidVIPGrS2R)

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

    Fidelity^® Variable Insurance Products Fund II – Contrafund^® Portfolio – Service Class (FidVIPConS)*

    Fidelity^® Variable Insurance Products Fund II – Contrafund^® Portfolio – Service Class 2 (FidVIPConS2)

    Fidelity^® Variable Insurance Products Fund II – Contrafund^® Portfolio – Service Class 2 R (FidVIPConS2R)

Portfolios of the Gartmore Variable Insurance Trust (GVIT);

    Gartmore GVIT – Federated GGVIT High Income Bond Fund – Class III (GVITFHiInc3)

    Gartmore GVIT – Government Bond Fund – Class I (GVITGvtBd)

    Gartmore GVIT – Government Bond Fund – Class II (GVITGvtBd2)*

    Gartmore GVIT – Government Bond Fund – Class III (GVITGvtBd3)

    Gartmore GVIT – Investor Destinations Aggressive Fund – Class II (GVITIDAgg2)

    Gartmore GVIT – Investor Destinations Aggressive Fund – Class VI (GVITIDAgg6)

    Gartmore GVIT – Investor Destinations Conservative Fund – Class II (GVITIDCon2)*

    Gartmore GVIT – Investor Destinations Conservative Fund – Class VI (GVITIDCon6)

    Gartmore GVIT – Investor Destinations Moderate Fund – Class II (GVITIDMod2)

    Gartmore GVIT – Investor Destinations Moderate Fund – Class VI (GVITIDMod6)

(Continued)

33

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

    Gartmore GVIT – Investor Destinations Moderately Aggressive Fund – Class II (GVITIDModAg2)

    Gartmore GVIT – Investor Destinations Moderately Aggressive Fund – Class VI (GVITIDModAg6)

    Gartmore GVIT – Investor Destinations Moderately Conservative Fund – Class II (GVITIDModCon2)

    Gartmore GVIT – Investor Destinations Moderately Conservative Fund – Class VI (GVITIDModCon6)

    Gartmore GVIT – Mid Cap Growth Fund – Class I (GVITMdCpGr)

    Gartmore GVIT – Mid Cap Growth Fund – Class III (GVITMdCpGr3)

    Gartmore GVIT – Money Market Fund II – Class I (GVITMyMktII)

    Gartmore GVIT – Nationwide Fund – Class I (GVITNWFund)*

    Gartmore GVIT – Nationwide Fund – Class II (GVITNWFund2)

    Gartmore GVIT – Nationwide Fund – Class III (GVITNWFund3)

    Gartmore GVIT – Small Cap Growth Fund – Class I (GVITSmCapGr)*

    Gartmore GVIT – Small Cap Growth Fund – Class II (GVITSmCapGr2)

    Gartmore GVIT – Small Cap Growth Fund – Class III (GVITSmCapGr3)

    Gartmore GVIT – Small Cap Value Fund – Class I (GVITSmCapVal)*

    Gartmore GVIT – Small Cap Value Fund – Class II (GVITSmCapVal2)

    Gartmore GVIT – Small Cap Value Fund – Class III (GVITSmCapVal3)

    Gartmore GVIT – Small Company Fund – Class I (GVITSmComp)*

    Gartmore GVIT – Small Company Fund – Class II (GVITSmComp2)

    Gartmore GVIT – Small Company Fund – Class III (GVITSmComp3)

Portfolios of the Rydex Variable Trust Portfolios;

    Rydex Variable Trust Portfolios – Absolute Return Strategies Fund (RyAbsRtStr)

    Rydex Variable Trust Portfolios – Banking Fund (RyBank)

    Rydex Variable Trust Portfolios – Basic Materials Fund (RyBasicM)

    Rydex Variable Trust Portfolios – Biotechnology Fund (RyBioTech)

    Rydex Variable Trust Portfolios – Commodities Fund (RyComm100)

    Rydex Variable Trust Portfolios – Consumer Products Fund (RyConsProd)

    Rydex Variable Trust Portfolios – Dynamic Dow Fund (RyDyDow)

        (formerly Rydex Variable Trust Portfolios – Long Dynamic Dow 30 Fund)

    Rydex Variable Trust Portfolios – Dynamic OTC Fund (RyDyOTC)

        (formerly Rydex Variable Trust Portfolios – Velocity 100 Fund)

    Rydex Variable Trust Portfolios – Dynamic S&P 500 Fund (RyDySP500)

        (formerly Rydex Variable Trust Portfolios – Titan 500 Fund)

    Rydex Variable Trust Portfolios – Dynamic Strengthening Dollar Fund (RyDyStrDol)

        (formerly Rydex Variable Trust Portfolios – Strengthening Dollar Fund)

    Rydex Variable Trust Portfolios – Dynamic Weakening Dollar Fund (RyDyWeakDol)

        (formerly Rydex Variable Trust Portfolios – Weakening Dollar Fund)

    Rydex Variable Trust Portfolios – Electronics Fund (RyElec)

    Rydex Variable Trust Portfolios – Energy Fund (RyEnergy)

    Rydex Variable Trust Portfolios – Energy Services Fund (RyEnSvc)

    Rydex Variable Trust Portfolios – Europe Advantage Fund (RyEuroAdv)

        (formerly Rydex Variable Trust Portfolios – Large-Cap Europe Fund)

    Rydex Variable Trust Portfolios – Financial Services Fund (RyFinSvc)

    Rydex Variable Trust Portfolios – Government Long Bond Advantage Fund (RyGvtLgBd)

        (formerly Rydex Variable Trust Portfolios – U.S. Government Bond Fund)

    Rydex Variable Trust Portfolios – Health Care Fund (RyHealthC)

    Rydex Variable Trust Portfolios – Hedged Equity Fund (RyHedgeEq)

    Rydex Variable Trust Portfolios – Internet Fund (RyNet)

    Rydex Variable Trust Portfolios – Inverse Dynamic Dow Fund (RyInDyDow)

        (formerly Rydex Variable Trust Portfolios – Inverse Dynamic Dow 30 Fund)

    Rydex Variable Trust Portfolios – Inverse Government Long Bond Fund (RyInGovLgBd)

        (formerly Rydex Variable Trust Portfolios – Juno Fund)

    Rydex Variable Trust Portfolios – Inverse Mid Cap Fund (RyInMidCap)

    Rydex Variable Trust Portfolios – Inverse OTC Fund (RyInOTC)

        (formerly Rydex Variable Trust Portfolios – Arktos Fund)

(Continued)

34

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

    Rydex Variable Trust Portfolios – Inverse Russell 2000 Fund (RyInRus2000)

        (formerly Rydex Variable Trust Portfolios – Inverse Small-Cap Fund)

    Rydex Variable Trust Portfolios – Inverse S&P 500 Fund (RyInSP500)

        (formerly Rydex Variable Trust Portfolios – Ursa Fund)

    Rydex Variable Trust Portfolios – Japan Advantage Fund (RyJapanAdv)

        (formerly Rydex Variable Trust Portfolios – Large-Cap Japan Fund)

    Rydex Variable Trust Portfolios – Large Cap Growth Fund (RyLgCapGr)

    Rydex Variable Trust Portfolios – Large Cap Value Fund (RyLgCapVal)

    Rydex Variable Trust Portfolios – Leisure Fund (RyLeisure)

    Rydex Variable Trust Portfolios – Mid Cap Advantage Fund (RyMidCapAdv)

        (formerly Rydex Variable Trust Portfolios – Medius Fund)

    Rydex Variable Trust Portfolios – Mid Cap Growth Fund (RyMidCapGr)

    Rydex Variable Trust Portfolios – Mid Cap Value Fund (RyMidCapVal)

    Rydex Variable Trust Portfolios – Multi Cap Core Equity Fund (RyMCpCoreEq)

        (formerly Rydex Variable Trust Portfolios – Core Equity Fund)

    Rydex Variable Trust Portfolios – Nova Fund (RyNova)

    Rydex Variable Trust Portfolios – OTC Fund (RyOTC)

    Rydex Variable Trust Portfolios – Precious Metals Fund (RyPrecMet)

    Rydex Variable Trust Portfolios – Real Estate Fund (RyRealEst)

    Rydex Variable Trust Portfolios – Retailing Fund (RyRetail)

    Rydex Variable Trust Portfolios – Russell 2000 Advantage Fund (RyRuss2000)

        (formerly Rydex Variable Trust Portfolios – Mekros Fund)

    Rydex Variable Trust Portfolios – Sector Rotation Fund (RySectRot)

    Rydex Variable Trust Portfolios – Small Cap Growth Fund (RySmCapGr)

    Rydex Variable Trust Portfolios – Small Cap Value Fund (RySmCapVal)

    Rydex Variable Trust Portfolios – Technology Fund (RyTech)

    Rydex Variable Trust Portfolios – Telecommunications Fund (RyTele)

    Rydex Variable Trust Portfolios – Transportation Fund (RyTrans)

    Rydex Variable Trust Portfolios – Utilities Fund (RyUtil)

At December 31, 2006, contract owners were invested in all of the above funds except those noted with an asterisk (*). The contract owners’ equity is affected by the investment results of each fund, equity transactions by contract owners and certain contract expenses (see notes 2 and 3). 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)

35

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued on the closing net asset value per share at December 31, 2006 of such funds, which value their investment securities at fair value. Fund purchases and sales are accounted for on the trade date (date the order to buy or sell is executed) The cost of investments sold is determined on a First in – First out basis, 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 provisions of 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) New Accounting Pronouncement

In September 2006, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard (SFAS) 157 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. 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, with early adoption permitted. SFAS 157 is not expected to have a material impact on the Accounts’ financial position or results of their operations upon adoption.

(2) Policy Charges

(a) Deductions from Premiums

The Company deducts a premium load charge to cover sales loads and state premium taxes. The sales load portion of the premium load charge is $5 per $1,000 of premium and covers sales expenses incurred by the Company. The premium tax portion of the premium load charge is $35 per $1,000 of premium and is used to reimburse the Company for state and local premium taxes (at the estimated rate of 2.25%), and for federal premium taxes (at the estimated rate of 1.25%).

For the periods ended December 31, 2006 and 2005, total front-end sales charge deductions were $686,742 and $533,767, respectively.

(b) Cost of Insurance

A cost of insurance charge is assessed monthly against each contract. The amount of the charge varies widely and is based upon age, sex, rate class, and net amount at risk (death benefit less total contract value). This charge is assessed monthly against each contract by liquidating units.

(c) Administrative Charges

The Company currently deducts $10 per month through the first year from the policy date, which is also the maximum guaranteed administrative charge. Thereafter, the Company will deduct $5 per month, and the maximum guaranteed administrative charge is $7.50 per month. These charges are assessed against each contract monthly by liquidating units.

(Continued)

36

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

(d) Surrender Charges

Policy surrenders result in a redemption of the contract value from the Account and payment of the surrender proceeds to the contract owner or designee. The surrender proceeds consist of the contract value, less any outstanding policy loans and less a surrender charge if applicable. The amount of the charge is based upon a specified percentage of the initial surrender charge which varies by age, sex and rate class. The surrender charge is 100% of the initial surrender charge in the first year, and declines in specified percentages. After the ninth year, the charge is 0%.

Surrender charges are assessed by liquidating units. The Company may wave the surrender charge for certain contracts in which sales expenses normally associated with the distribution of a contract are not incurred.

(3) Asset Charges

The Company deducts a monthly asset fee from each contract. This charge is $0.60 on the first $25,000 of cash value. During the first through fifteenth years from the policy date, the charge is $0.30 per $1,000 of cash value thereafter. Otherwise, the charge is $0.20 per $1,000 of cash value thereafter. This charge is assessed monthly against each contract by liquidating units.

(4) Death Benefits

Death benefit proceeds result in the redemption of the contract value from the Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. The contracts have a minimum required death benefit. The minimum required death benefit is the lowest benefit that will qualify the policy as life insurance under Section 7702 of the Internal Revenue Code.

There are three options a contract owner may choose when determining the death benefit:

1) The death benefit will be the greater of the specified amount or minimum required death benefit;

2) The death benefit will be the greater of the specified amount plus the cash value as of the date of death, or the minimum required death benefit;

3) The death benefit will be the specified amount plus the accumulated premium account (which consists of all premium payments minus all partial surrenders to the date of death).

For any death benefit option, the calculation of the minimum required death benefit is shown on the Policy Data Page. Not all death benefit options are available in all states.

(5) Policy Loans (Net of Repayments)

Contract provisions allow contract owners to borrow 90% of a policy’s variable cash surrender value plus 100% of a policy’s fixed cash surrender value less the applicable value of any surrender charges. Interest is charged on the outstanding loans and is due and payable in advance on the policy anniversary. In certain circumstances a contract owner may elect to use a Preferred Policy Loan. In this case, the loan value cannot exceed 5% of the policy’s cash surrender value as of the beginning of the year from the policy date.

At the time the loan is granted, the amount of the loan is transferred from the Account to the Company’s general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Interest credited is paid by the Company’s general account to the Account. Loan repayments result in a transfer of collateral including interest back to the Account.

(Continued)

37

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

(6) 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. These transfers are the result of the contract owner executing fund exchanges. Fund exchanges from the Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Account are included in purchase payments received from contact owners, as applicable, on the accompanying Statements of Change in Contract Owners’ Equity.

Policy loan transactions (note 5), executed at the direction of the contract owner, also result in transfers between the Account and the fixed account of the Company. The fixed account assets are not reflected in the accompanying financial statements.

For the periods ended December 31, 2006 and 2005, total transfers into the Account from the fixed account were $567,395 and $168,637, respectively, and total transfers from the Account to the fixed account were $5,463,757 and $2,236,023, respectively.

(Continued)

38

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

(7) Financial Highlights

The following is a summary of units, unit fair values and contract owners’ equity outstanding for variable universal life contracts as of the end of the periods indicated, and the contract expense rate, investment income ratio and total return for the three year period ended December 31, 2006 and the period November 30, 2003 (commencement of operations) through December 31, 2003.

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
American Century Variable Portfolios, Inc. – Income & Growth Fund – Class II
2006	0.00%	750	$	15.229877	$	11,422	1.44%	16.81	%
2005	0.00%	1,326		13.037836		17,288	34.55%	4.52	%
2004	0.00%	2,714		12.474389		33,855	1.01%	12.57	%
American Century Variable Portfolios, Inc. – Income & Growth Fund – Class III
2006	0.00%	11,246		12.615826		141,878	1.36%	17.09	%
2005	0.00%	5,672		10.774753		61,114	0.00%	7.75	%	05/02/05
American Century Variable Portfolios, Inc. – Ultra® Fund – Class II
2006	0.00%	4,954		11.537562		57,157	0.00%	-3.39	%
2005	0.00%	5,704		11.942190		68,118	0.00%	1.97	%
2004	0.00%	9,962		11.710979		116,665	0.00%	10.59	%
American Century Variable Portfolios, Inc. – Ultra® Fund – Class III
2006	0.00%	6,486		10.681571		69,281	0.00%	-3.28	%
2005	0.00%	2,692		11.043659		29,730	0.00%	10.44	%	05/02/05
American Century Variable Portfolios, Inc. – Value Fund – Class II
2006	0.00%	4,474		15.739668		70,419	1.21%	18.46	%
2005	0.00%	4,744		13.286571		63,031	1.04%	4.85	%
2004	0.00%	9,250		12.671512		117,211	0.00%	14.17	%
American Century Variable Portfolios, Inc. – Value Fund – Class III
2006	0.00%	28,188		12.818874		361,338	1.21%	18.65	%
2005	0.00%	14,436		10.803690		155,962	0.00%	8.04	%	05/02/05
Fidelity® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class
2004	0.00%	9,968		12.409671		123,700	0.18%	11.23	%
Fidelity® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class 2
2006	0.00%	8,350		15.711721		131,193	3.01%	19.93	%
Fidelity® Variable Insurance Products Fund – Equity-Income Portfolio – Service Class 2 R
2006	0.00%	18,672		13.176169		246,025	3.37%	19.89	%
2005	0.00%	9,848		10.990361		108,233	0.00%	9.90	%	05/02/05
2005	0.00%	9,668		13.100905		126,660	1.48%	5.57	%
Fidelity® Variable Insurance Products Fund – Growth Portfolio – Service Class
2004	0.00%	3,356		11.053471		37,095	0.11%	3.12	%
Fidelity® Variable Insurance Products Fund – Growth Portfolio – Service Class 2
2006	0.00%	2,334		12.428116		29,007	0.16%	6.57	%
2005	0.00%	3,092		11.661647		36,058	0.25%	5.50	%
Fidelity® Variable Insurance Products Fund – Growth Portfolio – Service Class 2 R
2006	0.00%	5,890		11.983852		70,585	0.21%	6.58	%
2005	0.00%	4,986		11.243640		56,061	0.00%	12.44	%	05/02/05
Fidelity® Variable Insurance Products Fund II – Contrafund® Portfolio – Service Class
2004	0.00%	17,268		12.622344		217,963	0.04%	15.16	%
Fidelity® Variable Insurance Products Fund II – Contrafund® Portfolio – Service Class 2
2006	0.00%	9,232		16.406598		151,466	0.90%	11.43	%
2005	0.00%	12,254		14.723477		180,421	0.14%	16.65	%
Fidelity® Variable Insurance Products Fund II – Contrafund® Portfolio – Service Class 2 R
2006	0.00%	51,338		13.328329		684,250	1.17%	11.43	%
2005	0.00%	16,980		11.961699		203,110	0.00%	19.62	%	05/02/05
Gartmore GVIT – Federated GGVIT High Income Bond Fund – Class III
2006	0.00%	5,192		10.710781		55,610	5.76%	7.11	%	05/01/06
Gartmore GVIT – Government Bond Fund – Class I
2006	0.00%	2,848		11.347304		32,317	4.06%	3.34	%
2005	0.00%	4,484		10.980441		49,236	1.46%	3.26	%
2004	0.00%	4,364		10.633428		46,404	4.89%	3.26	%

(Continued)

39

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Gartmore GVIT – Government Bond Fund – Class III
2006	0.00%	17,056	$	10.493015	$	178,969	4.84%	3.35	%
2005	0.00%	5,436		10.153318		55,193	3.43%	1.53	%	05/02/05
Gartmore GVIT – Investor Destinations Aggressive Fund – Class II
2006	0.00%	486		14.191530		6,897	1.97%	16.87	%
2005	0.00%	540		12.143224		6,557	1.85%	7.93	%
2004	0.00%	366		11.250923		4,118	2.95%	12.51	%	05/03/04
Gartmore GVIT – Investor Destinations Aggressive Fund – Class VI
2006	0.00%	11,738		13.110997		153,897	3.10%	16.92	%
2005	0.00%	1,758		11.213798		19,714	2.78%	12.14	%	05/02/05
Gartmore GVIT – Investor Destinations Conservative Fund – Class II
2004	0.00%	232		10.429263		2,420	4.23%	4.29	%	05/03/04
Gartmore GVIT – Investor Destinations Conservative Fund – Class VI
2006	0.00%	2,544		10.985285		27,947	2.88%	6.13	%
2005	0.00%	4,990		10.350568		51,649	1.90%	3.51	%	05/02/05
Gartmore GVIT – Investor Destinations Moderate Fund – Class II
2006	0.00%	2,734		12.739401		34,830	2.04%	11.35	%
2005	0.00%	6,366		11.440576		72,831	2.62%	5.34	%
2004	0.00%	468		10.860228		5,083	1.54%	8.60	%	05/03/04
Gartmore GVIT – Investor Destinations Moderate Fund – Class VI
2006	0.00%	27,930		11.997767		335,098	2.71%	11.44	%
2005	0.00%	14,960		10.765754		161,056	2.34%	7.66	%	05/02/05
Gartmore GVIT – Investor Destinations Moderately Aggressive Fund – Class II
2006	0.00%	6,138		13.605809		83,512	2.13%	14.54	%
2005	0.00%	7,256		11.878625		86,191	2.29%	7.07	%
2004	0.00%	2,082		11.094081		23,098	0.82%	10.94	%	05/03/04
Gartmore GVIT – Investor Destinations Moderately Aggressive Fund – Class VI
2006	0.00%	25,380		12.629205		320,529	2.85%	14.56	%
2005	0.00%	11,276		11.024077		124,307	2.21%	10.24	%	05/02/05
Gartmore GVIT – Investor Destinations Moderately Conservative Fund – Class II
2006	0.00%	216		12.073257		2,608	2.74%	8.42	%
2005	0.00%	220		11.135379		2,450	2.11%	4.49	%
2004	0.00%	232		10.657326		2,472	4.19%	6.57	%	05/03/04
Gartmore GVIT – Investor Destinations Moderately Conservative Fund – Class VI
2006	0.00%	2,712		11.442941		31,033	2.56%	8.39	%
2005	0.00%	5,696		10.556801		60,132	1.93%	5.57	%	05/02/05
Gartmore GVIT – Mid Cap Growth Fund – Class I
2006	0.00%	282		14.845789		4,187	0.00%	9.91	%
2005	0.00%	356		13.507474		4,809	0.00%	9.74	%
2004	0.00%	496		12.308466		6,105	0.00%	15.34	%
Gartmore GVIT – Mid Cap Growth Fund – Class III
2006	0.00%	1,470		12.895981		18,957	0.00%	9.93	%
2005	0.00%	1,624		11.730689		19,051	0.00%	17.31	%	05/02/05
Gartmore GVIT – Money Market Fund II – Class I
2006	0.00%	2,220,642		10.693892		23,747,306	4.02%	4.11	%
2005	0.00%	1,663,006		10.272104		17,082,571	2.50%	2.26	%
2004	0.00%	514,102		10.044777		5,164,040	0.62%	0.41	%
2003	0.00%	16,351		10.003329		163,564	0.06%	0.03	%	08/29/03
Gartmore GVIT – Nationwide® Fund – Class II
2006	0.00%	966		14.395658		13,906	0.92%	13.40	%
2005	0.00%	1,130		12.694519		14,345	0.42%	7.04	%
2004	0.00%	9,566		11.859676		113,450	24.99%	9.53	%
Gartmore GVIT – Nationwide® Fund – Class III
2006	0.00%	2,316		12.620064		29,228	1.16%	13.71	%
2005	0.00%	1,560		11.098742		17,314	0.83%	10.99	%	05/02/05
Gartmore GVIT – Small Cap Growth Fund – Class II
2006	0.00%	204		12.936937		2,639	0.00%	2.99	%
2005	0.00%	222		12.561849		2,789	0.00%	7.73	%
2004	0.00%	284		11.660011		3,311	0.00%	13.17	%

(Continued)

40

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Gartmore GVIT – Small Cap Growth Fund – Class III
2006	0.00%	102	$	12.403041	$	1,265	0.00%	3.23	%
2005	0.00%	48		12.015208		577	0.00%	20.15	%	05/02/05
Gartmore GVIT – Small Cap Value Fund – Class I
2004	0.00%	1,850		13.422532		24,832	0.00%	17.00	%
Gartmore GVIT – Small Cap Value Fund – Class II
2006	0.00%	256		16.154401		4,136	0.15%	17.10	%
2005	0.00%	1,076		13.795785		14,844	0.00%	2.78	%
Gartmore GVIT – Small Cap Value Fund – Class III
2006	0.00%	2,216		13.435365		29,773	0.47%	17.37	%
2005	0.00%	1,502		11.447242		17,194	0.12%	14.47	%	05/02/05
Gartmore GVIT – Small Company Fund – Class I
2004	0.00%	2,002		13.021653		26,069	0.00%	18.78	%
Gartmore GVIT – Small Company Fund – Class II
2006	0.00%	1,682		16.298982		27,415	0.05%	11.75	%
2005	0.00%	2,012		14.584947		29,345	0.00%	12.01	%
Gartmore GVIT – Small Company Fund – Class III
2006	0.00%	4,922		13.104467		64,500	0.33%	12.07	%
2005	0.00%	1,232		11.693622		14,407	0.00%	16.94	%	05/02/05
Rydex Variable Trust Portfolios – Absolute Return Strategies Fund
2006	0.00%	34,066		10.296439		350,758	1.53%	2.96	%	05/01/06
Rydex Variable Trust Portfolios – Banking Fund
2006	0.00%	22,686		13.994135		317,471	2.27%	11.25	%
2005	0.00%	2,582		12.579511		32,480	4.89%	-2.77	%
2004	0.00%	4,394		12.937277		56,846	0.29%	14.74	%
Rydex Variable Trust Portfolios – Basic Materials Fund
2006	0.00%	17,404		17.944662		312,309	1.41%	22.29	%
2005	0.00%	4,112		14.673284		60,337	0.40%	4.04	%
2004	0.00%	10,942		14.103745		154,323	0.08%	20.83	%
Rydex Variable Trust Portfolios – Biotechnology Fund
2006	0.00%	6,516		11.161543		72,729	0.00%	-3.32	%
2005	0.00%	23,156		11.545119		267,339	0.00%	10.67	%
2004	0.00%	7,664		10.432198		79,952	0.00%	1.10	%
Rydex Variable Trust Portfolios – Commodities Fund
2006	0.00%	7,690		7.651770		58,842	0.00%	-23.48	%	05/01/06
Rydex Variable Trust Portfolios – Consumer Products Fund
2006	0.00%	23,366		14.388183		336,194	1.29%	17.42	%
2005	0.00%	1,342		12.253101		16,444	0.53%	-0.40	%
2004	0.00%	8,724		12.301853		107,321	0.09%	13.30	%
Rydex Variable Trust Portfolios – Dynamic Dow Fund
2006	0.00%	42,684		13.643242		582,348	0.63%	30.54	%
2005	0.00%	53,398		10.451225		558,075	1.00%	-3.81	%
2004	0.00%	67,110		10.864909		729,144	24.03%	8.65	%	05/03/04
Rydex Variable Trust Portfolios – Dynamic OTC Fund
2006	0.00%	96,492		13.096608		1,263,718	0.08%	4.86	%
2005	0.00%	146,814		12.489256		1,833,598	0.00%	-3.03	%
2004	0.00%	79,288		12.879723		1,021,207	1.71%	14.21	%
Rydex Variable Trust Portfolios – Dynamic S&P 500 Fund
2006	0.00%	38,340		17.688405		678,173	1.33%	23.70	%
2005	0.00%	24,328		14.299570		347,880	0.08%	3.38	%
2004	0.00%	67,356		13.831516		931,636	0.00%	16.90	%
2003	0.00%	14		11.832066		166	0.00%	18.32	%	09/02/03
Rydex Variable Trust Portfolios – Dynamic Strengthening Dollar Fund
2006	0.00%	788		9.856941		7,767	0.89%	-1.43	%	05/01/06
Rydex Variable Trust Portfolios – Dynamic Weakening Dollar Fund
2006	0.00%	20,884		10.481591		218,898	4.51%	4.82	%	05/01/06

(Continued)

41

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Rydex Variable Trust Portfolios – Electronics Fund
2006	0.00%	3,472	$	8.901590	$	30,906	0.00%	2.49	%
2005	0.00%	6,830		8.685720		59,323	0.00%	3.87	%
2004	0.00%	26,786		8.361905		223,982	0.00%	-21.98	%
2003	0.00%	331		10.717460		3,547	0.00%	7.17	%	09/02/03
Rydex Variable Trust Portfolios – Energy Fund
2006	0.00%	13,530		23.196806		313,853	0.00%	11.93	%
2005	0.00%	14,022		20.725001		290,606	0.02%	38.54	%
2004	0.00%	9,006		14.959597		134,726	0.01%	32.27	%
Rydex Variable Trust Portfolios – Energy Services Fund
2006	0.00%	8,584		22.907246		196,636	0.00%	10.98	%
2005	0.00%	15,384		20.640855		317,539	0.00%	48.30	%
2004	0.00%	6,832		13.918556		95,092	0.00%	33.74	%
Rydex Variable Trust Portfolios – Europe Advantage Fund
2006	0.00%	47,634		20.459178		974,552	3.26%	29.51	%
2005	0.00%	11,096		15.797477		175,289	0.69%	6.36	%
2004	0.00%	10,914		14.853477		162,111	33.87%	16.15	%
Rydex Variable Trust Portfolios – Financial Services Fund
2006	0.00%	9,832		15.594448		153,325	1.39%	16.73	%
2005	0.00%	3,668		13.359373		49,002	1.03%	3.38	%
2004	0.00%	6,502		12.922869		84,024	0.37%	17.12	%
Rydex Variable Trust Portfolios – Government Long Bond Advantage Fund
2006	0.00%	11,224		11.738115		131,749	4.62%	-3.15	%
2005	0.00%	57,198		12.119946		693,237	4.23%	7.69	%
2004	0.00%	6,408		11.254914		72,121	3.37%	8.36	%
Rydex Variable Trust Portfolios – Health Care Fund
2006	0.00%	29,212		13.213853		386,003	0.00%	5.11	%
2005	0.00%	12,090		12.571123		151,985	0.00%	10.64	%
2004	0.00%	5,430		11.361762		61,694	0.00%	6.22	%
Rydex Variable Trust Portfolios – Hedged Equity Fund
2006	0.00%	18,870		10.220049		192,852	2.17%	2.20	%	05/01/06
Rydex Variable Trust Portfolios – Internet Fund
2006	0.00%	12,320		14.400151		177,410	0.00%	9.70	%
2005	0.00%	10,806		13.126669		141,847	0.00%	-1.38	%
2004	0.00%	8,104		13.309860		107,863	0.00%	15.87	%
2003	0.00%	306		11.486698		3,515	0.00%	14.87	%	09/02/03
Rydex Variable Trust Portfolios – Inverse Dynamic Dow Fund
2006	0.00%	18,194		7.038825		128,064	1.53%	-21.77	%
2005	0.00%	9,932		8.997359		89,362	1.51%	1.63	%
2004	0.00%	11,886		8.853319		105,231	0.00%	-11.47	%	05/03/04
Rydex Variable Trust Portfolios – Inverse Government Long Bond Fund
2006	0.00%	100,194		8.453350		846,975	4.68%	8.11	%
2005	0.00%	18,996		7.819540		148,540	0.00%	-5.24	%
2004	0.00%	45,952		8.251871		379,190	0.00%	-10.67	%
Rydex Variable Trust Portfolios – Inverse Mid-Cap Fund
2006	0.00%	22,088		7.778040		171,801	0.77%	-3.83	%
2005	0.00%	1,968		8.087487		15,916	0.37%	-8.16	%
2004	0.00%	8		8.806000		70	0.00%	-11.94	%	05/03/04
Rydex Variable Trust Portfolios – Inverse OTC Fund
2006	0.00%	42,542		8.020429		341,205	3.46%	-1.40	%
2005	0.00%	30,592		8.134507		248,851	0.00%	1.27	%
2004	0.00%	706		8.032405		5,671	0.00%	-11.83	%
Rydex Variable Trust Portfolios – Inverse Russell 2000 Fund
2006	0.00%	31,834		7.310059		232,708	1.74%	-11.95	%
2005	0.00%	9,506		8.302632		78,925	0.79%	-3.05	%
2004	0.00%	2		8.564000		17	0.00%	-14.36	%	05/03/04
Rydex Variable Trust Portfolios – Inverse S&P 500 Fund
2006	0.00%	100,746		7.537297		759,353	7.68%	-7.50	%
2005	0.00%	85,596		8.148729		697,499	0.00%	-0.77	%
2004	0.00%	1,028		8.212022		8,442	0.00%	-10.21	%

(Continued)

42

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Rydex Variable Trust Portfolios – Japan Advantage Fund
2006	0.00%	57,286	$	15.138532	$	867,226	4.87%	5.14	%
2005	0.00%	33,996		14.398959		489,507	0.00%	20.35	%
2004	0.00%	8,582		11.964662		102,681	0.00%	10.33	%
Rydex Variable Trust Portfolios – Large Cap Growth Fund
2006	0.00%	60,544		11.184753		677,170	0.00%	5.40	%
2005	0.00%	20,598		10.611331		218,572	0.15%	1.77	%
2004	0.00%	25,208		10.426349		262,827	2.64%	4.26	%	05/03/04
Rydex Variable Trust Portfolios – Large Cap Value Fund
2006	0.00%	29,590		13.789694		408,037	0.55%	17.66	%
2005	0.00%	4,670		11.719808		54,732	0.37%	4.19	%
2004	0.00%	9,168		11.248572		103,127	1.02%	12.49	%	05/03/04
Rydex Variable Trust Portfolios – Leisure Fund
2006	0.00%	16,964		16.190743		274,660	0.00%	23.47	%
2005	0.00%	140		13.113391		1,836	0.00%	-4.87	%
2004	0.00%	12,566		13.784595		173,217	0.00%	23.86	%
Rydex Variable Trust Portfolios – Mid Cap Advantage Fund
2006	0.00%	39,476		17.575073		693,794	0.32%	10.46	%
2005	0.00%	47,902		15.910246		762,133	0.00%	14.07	%
2004	0.00%	35,336		13.948005		492,867	0.00%	22.14	%
Rydex Variable Trust Portfolios – Mid Cap Growth Fund
2006	0.00%	39,714		12.474351		495,406	0.00%	3.13	%
2005	0.00%	31,840		12.096000		385,137	0.00%	11.46	%
2004	0.00%	23,814		10.852000		258,430	0.00%	8.52	%	05/03/04
Rydex Variable Trust Portfolios – Mid Cap Value Fund
2006	0.00%	22,946		14.609575		335,231	1.45%	17.08	%
2005	0.00%	2,706		12.478766		33,768	0.18%	8.32	%
2004	0.00%	19,082		11.520171		219,828	0.04%	15.20	%	05/03/04
Rydex Variable Trust Portfolios – Multi Cap Core Equity Fund
2006	0.00%	1,818		10.606110		19,282	0.05%	6.06	%	05/01/06
Rydex Variable Trust Portfolios – Nova Fund
2006	0.00%	37,858		16.113126		610,011	1.45%	19.27	%
2005	0.00%	39,642		13.509344		535,537	0.27%	3.97	%
2004	0.00%	45,914		12.994126		596,612	0.03%	14.62	%
Rydex Variable Trust Portfolios – OTC Fund
2006	0.00%	85,150		12.491870		1,063,683	0.00%	5.77	%
2005	0.00%	192,028		11.810054		2,267,861	0.00%	1.11	%
2004	0.00%	64,918		11.680186		758,254	0.00%	9.35	%
Rydex Variable Trust Portfolios – Precious Metals Fund
2006	0.00%	74,170		15.607933		1,157,640	0.00%	21.43	%
2005	0.00%	28,740		12.853586		369,412	0.00%	20.89	%
2004	0.00%	7,414		10.632748		78,831	0.00%	-14.21	%
Rydex Variable Trust Portfolios – Real Estate Fund
2006	0.00%	22,910		20.114577		460,825	2.34%	30.72	%
2005	0.00%	7,876		15.387085		121,189	1.68%	7.15	%
2004	0.00%	9,892		14.360615		142,055	0.86%	29.54	%
Rydex Variable Trust Portfolios – Retailing Fund
2006	0.00%	1,530		12.873816		19,697	0.00%	10.08	%
2005	0.00%	1,402		11.695368		16,397	0.00%	5.48	%
2004	0.00%	1,914		11.088014		21,222	0.00%	10.06	%
Rydex Variable Trust Portfolios – Russell 2000 Advantage Fund
2006	0.00%	230,052		17.947904		4,128,951	0.53%	20.85	%
2005	0.00%	123,690		14.851425		1,836,973	4.59%	3.92	%
2004	0.00%	270,782		14.291895		3,869,988	0.00%	25.20	%
Rydex Variable Trust Portfolios – Sector Rotation Fund
2006	0.00%	35,262		14.831991		523,006	0.00%	11.39	%
2005	0.00%	19,448		13.315851		258,967	0.00%	13.71	%
2004	0.00%	11,686		11.710392		136,848	0.00%	10.71	%

(Continued)

43

NATIONWIDE VLI SEPARATE ACCOUNT-6 (NOTES TO FINANCIAL STATEMENTS, Continued)

	Contract Expense Rate*	Units	Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**	Total Return***
Rydex Variable Trust Portfolios – Small Cap Growth Fund
2006	0.00%	39,338	$	13.250290	$	521,240	0.00%	7.73%
2005	0.00%	20,828		12.299413		256,172	0.00%	6.20%
2004	0.00%	29,966		11.581557		347,053	0.00%	15.82%	05/03/04
Rydex Variable Trust Portfolios – Small Cap Value Fund
2006	0.00%	16,374		14.581618		238,759	0.91%	19.21%
2005	0.00%	7,718		12.232292		94,409	0.00%	3.64%
2004	0.00%	17,220		11.803243		203,252	0.09%	18.03%	05/03/04
Rydex Variable Trust Portfolios – Technology Fund
2006	0.00%	9,496		11.704717		111,148	0.00%	5.89%
2005	0.00%	13,002		11.053572		143,719	0.00%	3.11%
2004	0.00%	2,962		10.720064		31,753	0.00%	1.15%
2003	0.00%	323		10.598204		3,423	0.00%	5.98%	09/02/03
Rydex Variable Trust Portfolios – Telecommunications Fund
2006	0.00%	14,842		15.070863		223,682	1.75%	19.51%
2005	0.00%	3,024		12.610236		38,133	0.00%	1.16%
2004	0.00%	742		12.465243		9,249	0.00%	12.68%
Rydex Variable Trust Portfolios – Transportation Fund
2006	0.00%	9,154		15.274190		139,820	0.00%	7.38%
2005	0.00%	9,142		14.223953		130,035	0.00%	8.48%
2004	0.00%	4,710		13.111746		61,756	0.00%	22.99%
Rydex Variable Trust Portfolios – Utilities Fund
2006	0.00%	28,552		17.054864		486,950	3.40%	20.96%
2005	0.00%	9,710		14.099167		136,903	0.64%	10.56%
2004	0.00%	6,982		12.752103		89,035	2.24%	17.31%
Contract Owners’ Equity Total By Year
2006					$	49,923,397
2005					$	33,437,814
2004					$	18,547,439
2003					$	174,215

*  This represents the annual contract expense rate of the variable account for the period indicated and includes only those expenses that are assessed 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, if any, that result in direct reductions to the contractholder accounts either 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 total return for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit value for expenses assessed. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the Account. The total return is calculated for the period indicated or from the effective date through the end of the period.

44

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life Insurance Company and

     Contract Owners of Nationwide VLI Separate Account-6:

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of Nationwide VLI Separate Account-6 (comprised of the sub-accounts listed in note 1(b) (collectively, “the Accounts”)) as of December 31, 2006, 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, 2006, 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, 2006, 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 9, 2007

45

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

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