Nationwide^®

VLI Separate Account - 6

Annual Report

to

Contract Owners

December 31, 2007

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

VLX – 0100AO – 12/07

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2007

Assets:
Investments at fair value:
American Century VP – Income & Growth Fund – Class II (ACVPIncGr2)
1,287 shares (cost $9,516)	$	10,860
American Century VP – Income & Growth Fund – Class III (ACVPIncGr3)
25,670 shares (cost $224,884)		217,170
American Century VP – Ultra® Fund – Class II (ACVPUltra2)
1,923 shares (cost $19,325)		23,188
American Century VP – Ultra® Fund – Class III (ACVPUltra3)
8,006 shares (cost $81,007)		97,192
American Century VP – Value Fund – Class II (ACVPVal2)
5,736 shares (cost $44,129)		42,787
American Century VP – Value Fund – Class III (ACVPVal3)
66,125 shares (cost $542,667)		493,953
Fidelity® VIP – Equity-Income Portfolio – Service Class 2 (FidVIPEIS2)
3,005 shares (cost $72,517)		70,818
Fidelity® VIP – Equity-Income Portfolio – Service Class 2 R (FidVIPEIS2R)
14,109 shares (cost $366,469)		330,720
Fidelity® VIP – Growth Portfolio – Service Class 2 (FidVIPGrS2)
389 shares (cost $13,391)		17,373
Fidelity® VIP – Growth Portfolio – Service Class 2 R (FidVIPGrS2R)
14,337 shares (cost $611,706)		636,866
Fidelity® VIP II – Contrafund® Portfolio – Service Class 2 (FidVIPConS2)
3,334 shares (cost $91,290)		91,554
Fidelity® VIP II – Contrafund® Portfolio – Service Class 2 R (FidVIPConS2R)
58,380 shares (cost $1,869,568)		1,596,705
Nationwide VIT – Federated High Income Bond Fund – Class III (NVITFHiInc3)
17,243 shares (cost $135,063)		131,563
Nationwide VIT – Government Bond Fund – Class I (NVITGvtBd)
2,731 shares (cost $31,788)		31,764
Nationwide VIT – Government Bond Fund – Class III (NVITGvtBd3)
39,046 shares (cost $442,573)		454,100
Nationwide VIT – Investor Destinations Aggressive Fund – Class II (NVITIDAgg2)
496 shares (cost $5,815)		6,746
Nationwide VIT – Investor Destinations Aggressive Fund – Class VI (NVITIDAgg6)
201,328 shares (cost $2,811,584)		2,725,978
Nationwide VIT – Investor Destinations Conservative Fund – Class VI (NVITIDCon6)
11,165 shares (cost $117,010)		115,668
Nationwide VIT – Investor Destinations Moderate Fund – Class II (NVITIDMod2)
1,456 shares (cost $16,463)		18,106
Nationwide VIT – Investor Destinations Moderate Fund – Class VI (NVITIDMod6)
45,936 shares (cost $559,831)		569,604
Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class II (NVITIDModAg2)
3,794 shares (cost $43,139)		50,618

(Continued)

2

NATIONWIDE VLI SEPARATE ACCOUNT-6

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

Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class VI (NVITIDModAg6)
85,874 shares (cost $1,137,792)	$	1,140,403
Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class II (NVITIDModCon2)
237 shares (cost $2,571)		2,685
Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class VI (NVITIDModCon6)
21,207 shares (cost $234,955)		239,640
Nationwide VIT – Mid Cap Growth Fund – Class I (NVITMdCpGr)
130 shares (cost $2,927)		4,226
Nationwide VIT – Mid Cap Growth Fund – Class III (NVITMdCpGr3)
859 shares (cost $24,500)		27,981
Nationwide VIT – Money Market Fund – Class II (NVITMyMkt2)
21,873,697 shares (cost $21,873,697)		21,873,697
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class II (NVITSmCapGr2)
152 shares (cost $2,004)		2,697
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class III (NVITSmCapGr3)
642 shares (cost $10,932)		11,494
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class II (NVITSmCapVal2)
365 shares (cost $4,239)		3,560
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class III (NVITSmCapVal3)
2,376 shares (cost $28,770)		23,519
Nationwide VIT – Multi-Manager Small Company Fund – Class II (NVITSmComp2)
1,252 shares (cost $27,859)		27,348
Nationwide VIT – Multi-Manager Small Company Fund – Class III (NVITSmComp3)
2,803 shares (cost $64,383)		62,335
Nationwide VIT – Nationwide Fund – Class II (NVITNWFund2)
974 shares (cost $11,006)		13,192
Nationwide VIT – Nationwide Fund – Class III (NVITNWFund3)
1,894 shares (cost $25,683)		25,803
Rydex Variable Trust Portfolios – Absolute Return Strategies Fund (RyAbsRtStr)
10,516 shares (cost $283,830)		272,901
Rydex Variable Trust Portfolios – Banking Fund (RyBank)
1,137 shares (cost $26,086)		25,922
Rydex Variable Trust Portfolios – Basic Materials Fund (RyBasicM)
16,952 shares (cost $736,125)		706,226
Rydex Variable Trust Portfolios – Biotechnology Fund (RyBioTech)
8,156 shares (cost $179,736)		175,918
Rydex Variable Trust Portfolios – Commodities Strategy Fund (RyCommStr)
14,257 shares (cost $332,763)		339,022
Rydex Variable Trust Portfolios – Consumer Products Fund (RyConsProd)
7,630 shares (cost $295,161)		282,470
Rydex Variable Trust Portfolios – Dow 2x Strategy Fund (RyDow2x)
30,718 shares (cost $936,021)		789,451
Rydex Variable Trust Portfolios – Electronics Fund (RyElec)
2,619 shares (cost $36,118)		35,800
Rydex Variable Trust Portfolios – Energy Fund (RyEnergy)
26,846 shares (cost $1,112,679)		1,069,286

(Continued)

3

NATIONWIDE VLI SEPARATE ACCOUNT-6

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

Rydex Variable Trust Portfolios – Energy Services Fund (RyEnSvc)
27,773 shares (cost $1,096,980)	$	1,073,984
Rydex Variable Trust Portfolios – Europe 1.25x Strategy Fund (RyEuroStr)
40,794 shares (cost $1,241,842)		1,221,777
Rydex Variable Trust Portfolios – Financial Services Fund (RyFinSvc)
4,388 shares (cost $96,251)		96,359
Rydex Variable Trust Portfolios – Government Long Bond 1.2x Strategy Fund (RyGvtLgBd)
38,215 shares (cost $460,468)		467,753
Rydex Variable Trust Portfolios – Health Care Fund (RyHealthC)
7,127 shares (cost $216,168)		211,027
Rydex Variable Trust Portfolios – Hedged Equity Fund (RyHedgeEq)
10,001 shares (cost $271,660)		255,429
Rydex Variable Trust Portfolios – Internet Fund (RyInternet)
3,745 shares (cost $67,980)		66,852
Rydex Variable Trust Portfolios – Inverse Dow 2x Strategy Fund (RyInDow2x)
45,150 shares (cost $1,258,130)		1,299,858
Rydex Variable Trust Portfolios – Inverse Government Long Bond Strategy Fund (RyInGovLB)
8,640 shares (cost $172,014)		169,175
Rydex Variable Trust Portfolios – Inverse Mid-Cap Strategy Fund (RyInMidCap)
4,456 shares (cost $156,493)		156,095
Rydex Variable Trust Portfolios – Inverse OTC Strategy Fund (RyInOTC)
18,149 shares (cost $310,980)		308,353
Rydex Variable Trust Portfolios – Inverse Russell 2000® Strategy Fund (RyInRus2000)
7,358 shares (cost $257,041)		255,031
Rydex Variable Trust Portfolios – Inverse S&P 500 Strategy Fund (RyInSP500)
10,917 shares (cost $457,300)		460,793
Rydex Variable Trust Portfolios – Japan 1.25x Strategy Fund (RyJapanStr)
9,614 shares (cost $220,213)		218,526
Rydex Variable Trust Portfolios – Large-Cap Growth Fund (RyLgCapGr)
10,968 shares (cost $307,408)		300,201
Rydex Variable Trust Portfolios – Large-Cap Value Fund (RyLgCapVal)
5,475 shares (cost $166,988)		138,911
Rydex Variable Trust Portfolios – Leisure Fund (RyLeisure)
1,294 shares (cost $27,369)		27,460
Rydex Variable Trust Portfolios – Mid-Cap 1.5x Strategy Fund (RyMidCapStr)
25,027 shares (cost $635,976)		543,584
Rydex Variable Trust Portfolios – Mid-Cap Growth Fund (RyMidCapGr)
21,108 shares (cost $663,546)		623,118
Rydex Variable Trust Portfolios – Mid-Cap Value Fund (RyMidCapVal)
5,924 shares (cost $126,578)		123,464
Rydex Variable Trust Portfolios – Multi-Cap Core Equity Fund (RyMCpCoreEq)
928 shares (cost $26,274)		22,875
Rydex Variable Trust Portfolios – Nova Fund (RyNova)
72,630 shares (cost $755,792)		730,662
Rydex Variable Trust Portfolios – OTC 2x Strategy Fund (RyOTC2x)
101,246 shares (cost $3,037,630)		3,035,353

(Continued)

4

NATIONWIDE VLI SEPARATE ACCOUNT-6

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

Rydex Variable Trust Portfolios – OTC Fund (RyOTC)
256,721 shares (cost $4,692,941)	$	4,651,780
Rydex Variable Trust Portfolios – Precious Metals Fund (RyPrecMet)
121,894 shares (cost $1,828,591)		1,833,286
Rydex Variable Trust Portfolios – Real Estate Fund (RyRealEst)
3,911 shares (cost $164,229)		134,338
Rydex Variable Trust Portfolios – Retailing Fund (RyRetail)
150 shares (cost $1,738)		1,691
Rydex Variable Trust Portfolios – Russell 2000® 1.5x Strategy Fund (RyRuss2000)
16,141 shares (cost $573,338)		552,029
Rydex Variable Trust Portfolios – S&P 500 2x Strategy Fund (RyDySP500)
83,946 shares (cost $1,655,927)		1,615,119
Rydex Variable Trust Portfolios – Sector Rotation Fund (RySectRot)
68,304 shares (cost $1,077,642)		1,047,100
Rydex Variable Trust Portfolios – Small-Cap Growth Fund (RySmCapGr)
2,938 shares (cost $81,214)		79,541
Rydex Variable Trust Portfolios – Small-Cap Value Fund (RySmCapVal)
3,307 shares (cost $62,077)		60,260
Rydex Variable Trust Portfolios – Strengthening Dollar 2x Strategy Fund (RyStrDolStr)
3,738 shares (cost $75,723)		75,238
Rydex Variable Trust Portfolios – Technology Fund (RyTech)
17,565 shares (cost $285,395)		285,785
Rydex Variable Trust Portfolios – Telecommunications Fund (RyTele)
6,685 shares (cost $160,270)		159,716
Rydex Variable Trust Portfolios – Transportation Fund (RyTrans)
3,889 shares (cost $59,236)		57,758
Rydex Variable Trust Portfolios – Utilities Fund (RyUtil)
11,572 shares (cost $260,952)		257,949
Rydex Variable Trust Portfolios – Weakening Dollar 2x Strategy Fund (RyWeakDol)
19,808 shares (cost $632,293)		566,507
Total Investments		58,073,646
Accounts Receivable		—
Total Assets		58,073,646
Accounts Payable		3,701
Contract Owners Equity (note 7)	$	58,069,945

See accompanying notes to financial statements.

5

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS

Year Ended December 31, 2007

	Total			ACVPIncGr2		ACVPIncGr3		ACVPUltra2		ACVPUltra3		ACVPVal2		ACVPVal3		FidVIPEIS2
Investment activity:
Reinvested dividends	$	1,407,100		184		2,843		—		—		1,004		5,951		1,218
Net investment income (loss)		1,407,100		184		2,843		—		—		1,004		5,951		1,218
Proceeds from mutual fund shares sold		747,328,489		510		214,184		41,222		5,119		26,041		294,486		66,285
Cost of mutual fund shares sold		(747,279,881	)	(399	)	(196,718	)	(37,568	)	(4,726	)	(25,229	)	(293,840	)	(55,042	)
Realized gain (loss) on investments		48,608		111		17,466		3,654		393		812		646		11,243
Change in unrealized gain (loss) on investments		(849,261	)	(326	)	(19,484	)	3,619		16,140		(9,136	)	(73,736	)	(12,669	)
Net gain (loss) on investments		(800,653	)	(215	)	(2,018	)	7,273		16,533		(8,324	)	(73,090	)	(1,426	)
Reinvested capital gains		1,582,571		—		—		—		—		5,740		30,861		6,115
Net increase (decrease) in contract owners’ equity resulting from operations	$	2,189,018		(31	)	825		7,273		16,533		(1,580	)	(36,278	)	5,907
	FidVIPEIS2R			FidVIPGrS2		FidVIPGrS2R		FidVIPConS2		FidVIPConS2R		NVITFHiInc3		NVITGvtBd		NVITGvtBd3
Investment activity:
Reinvested dividends	$	5,427		120		1,114		690		11,297		7,994		1,397		13,202
Net investment income (loss)		5,427		120		1,114		690		11,297		7,994		1,397		13,202
Proceeds from mutual fund shares sold		84,370		17,066		244,898		80,601		354,055		413,294		2,725		248,082
Cost of mutual fund shares sold		(76,837	)	(13,100	)	(205,133	)	(59,908	)	(318,154	)	(415,295	)	(2,784	)	(245,354	)
Realized gain (loss) on investments		7,533		3,966		39,765		20,693		35,901		(2,001	)	(59	)	2,728
Change in unrealized gain (loss) on investments		(41,267	)	1,217		22,956		(24,398	)	(272,587	)	(4,253	)	840		11,616
Net gain (loss) on investments		(33,734	)	5,183		62,721		(3,705	)	(236,686	)	(6,254	)	781		14,344
Reinvested capital gains		28,097		12		530		23,705		380,352		—		—		—
Net increase (decrease) in contract owners’ equity resulting from operations	$	(210	)	5,315		64,365		20,690		154,963		1,740		2,178		27,546

(Continued)

6

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

	NVITIDAgg2			NVITIDAgg6		NVITIDCon6		NVITIDMod2		NVITIDMod6		NVITIDModAg2		NVITIDModAg6		NVITIDModCon2
Investment activity:
Reinvested dividends	$	134		21,626		3,877		590		13,441		1,157		20,032		81
Net investment income (loss)		134		21,626		3,877		590		13,441		1,157		20,032		81
Proceeds from mutual fund shares sold		532		78,299		20,297		18,646		47,030		36,803		435,483		50
Cost of mutual fund shares sold		(441	)	(70,766	)	(20,004	)	(16,146	)	(42,537	)	(30,685	)	(422,258	)	(47	)
Realized gain (loss) on investments		91		7,533		293		2,500		4,493		6,118		13,225		3
Change in unrealized gain (loss) on investments		(39	)	(96,411	)	(1,780	)	(1,440	)	(4,918	)	(4,342	)	(12,688	)	(3	)
Net gain (loss) on investments		52		(88,878	)	(1,487	)	1,060		(425	)	1,776		537		—
Reinvested capital gains		222		8,801		2,324		292		7,501		986		15,468		69
Net increase (decrease) in contract owners’ equity resulting from operations	$	408		(58,451	)	4,714		1,942		20,517		3,919		36,037		150
	NVITIDModCon6			NVITMdCpGr		NVITMdCpGr3		NVITMyMkt2		NVITSmCapGr2		NVITSmCapGr3		NVITSmCapVal2		NVITSmCapVal3
Investment activity:
Reinvested dividends	$	4,345		—		—		900,619		—		—		39		362
Net investment income (loss)		4,345		—		—		900,619		—		—		39		362
Proceeds from mutual fund shares sold		70,757		316		174		261,326,694		175		237		293		9,168
Cost of mutual fund shares sold		(69,910	)	(223	)	(143	)	(261,326,694	)	(134	)	(204	)	(290	)	(10,352	)
Realized gain (loss) on investments		847		93		31		—		41		33		3		(1,184	)
Change in unrealized gain (loss) on investments		3,769		278		1,674		—		205		520		(845	)	(5,268	)
Net gain (loss) on investments		4,616		371		1,705		—		246		553		(842	)	(6,452	)
Reinvested capital gains		629		—		—		—		—		—		528		3,554
Net increase (decrease) in contract owners’ equity resulting from operations	$	9,590		371		1,705		900,619		246		553		(275	)	(2,536	)

(Continued)

7

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

	NVITSmComp2			NVITSmComp3		NVITNWFund2		NVITNWFund3		RyAbsRtStr		RyBank		RyBasicM		RyBioTech
Investment activity:
Reinvested dividends	$	—		17		114		816		9,987		700		799		—
Net investment income (loss)		—		17		114		816		9,987		700		799		—
Proceeds from mutual fund shares sold		604		240,965		1,776		207,311		892,871		1,177,315		2,498,416		1,902,484
Cost of mutual fund shares sold		(548	)	(236,636	)	(1,428	)	(197,384	)	(871,943	)	(1,184,134	)	(2,367,717	)	(1,920,545	)
Realized gain (loss) on investments		56		4,329		348		9,927		20,928		(6,819	)	130,699		(18,061	)
Change in unrealized gain (loss) on investments		(3,361	)	(5,144	)	(54	)	(1,374	)	(13,027	)	(799	)	(30,129	)	(2,770	)
Net gain (loss) on investments		(3,305	)	(815	)	294		8,553		7,901		(7,618	)	100,570		(20,831	)
Reinvested capital gains		3,842		10,018		656		2,077		2,578		—		43,625		—
Net increase (decrease) in contract owners’equity resulting from operations	$	537		9,220		1,064		11,446		20,466		(6,918	)	144,994		(20,831	)
	RyCommStr			RyConsProd		RyDow2x		RyElec		RyEnergy		RyEnSvc		RyEuroStr		RyFinSvc
Investment activity:
Reinvested dividends	$	—		6,716		8,031		—		—		—		26,705		1,748
Net investment income (loss)		—		6,716		8,031		—		—		—		26,705		1,748
Proceeds from mutual fund shares sold		1,263,501		4,583,401		3,463,264		1,259,065		2,426,042		3,049,801		5,338,321		1,063,195
Cost of mutual fund shares sold		(1,228,082	)	(4,584,500	)	(3,385,932	)	(1,261,590	)	(2,364,374	)	(2,880,568	)	(5,441,320	)	(1,088,409	)
Realized gain (loss) on investments		35,419		(1,099	)	77,332		(2,525	)	61,668		169,233		(102,999	)	(25,214	)
Change in unrealized gain (loss) on investments		8,763		(11,826	)	(136,173	)	134		14,620		(12,172	)	(24,711	)	2,199
Net gain (loss) on investments		44,182		(12,925	)	(58,841	)	(2,391	)	76,288		157,061		(127,710	)	(23,015	)
Reinvested capital gains		—		28,928		85,602		—		89,312		47,552		108,264		9,630
Net increase (decrease) in contract owners’equity resulting from operations	$	44,182		22,719		34,792		(2,391	)	165,600		204,613		7,259		(11,637	)

(Continued)

8

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

	RyGvtLgBd			RyHealthC		RyHedgeEq		RyInternet		RyInDow2x		RyInGovLB		RyInMidCap		RyInOTC
Investment activity:
Reinvested dividends	$	65,017		—		11,669		—		1,949		23,058		4,145		11,725
Net investment income (loss)		65,017		—		11,669		—		1,949		23,058		4,145		11,725
Proceeds from mutual fund shares sold		106,609,062		3,272,042		499,924		1,250,005		4,648,897		16,446,903		1,732,670		96,224,205
Cost of mutual fund shares sold		(106,508,977	)	(3,249,856	)	(495,839	)	(1,267,664	)	(4,637,300	)	(16,551,695	)	(1,757,620	)	(96,527,482	)
Realized gain (loss) on investments		100,085		22,186		4,085		(17,659	)	11,597		(104,792	)	(24,950	)	(303,277	)
Change in unrealized gain (loss) on investments		9,558		684		(14,611	)	1,168		45,136		(14,082	)	1,928		(6,701	)
Net gain (loss) on investments		109,643		22,870		(10,526	)	(16,491	)	56,733		(118,874	)	(23,022	)	(309,978	)
Reinvested capital gains		—		4,127		3,763		—		—		—		—		—
Net increase (decrease) in contract owners’equity resulting from operations	$	174,660		26,997		4,906		(16,491	)	58,682		(95,816	)	(18,877	)	(298,253	)
	RyInRus2000			RyInSP500		RyJapanStr		RyLgCapGr		RyLgCapVal		RyLeisure		RyMidCapStr		RyMidCapGr
Investment activity:
Reinvested dividends	$	14,163		19,963		15,276		—		2,713		—		8,899		—
Net investment income (loss)		14,163		19,963		15,276		—		2,713		—		8,899		—
Proceeds from mutual fund shares sold		5,369,108		12,083,373		2,248,432		3,798,429		2,952,721		676,764		2,407,268		3,125,644
Cost of mutual fund shares sold		(5,381,822	)	(12,208,057	)	(2,471,679	)	(3,805,884	)	(2,953,027	)	(669,288	)	(2,544,398	)	(3,117,238	)
Realized gain (loss) on investments		(12,714	)	(124,684	)	(223,247	)	(7,455	)	(306	)	7,476		(137,130	)	8,406
Change in unrealized gain (loss) on investments		(1,766	)	76,987		143,905		691		(26,554	)	(2,439	)	55,128		(25,423	)
Net gain (loss) on investments		(14,480	)	(47,697	)	(79,342	)	(6,764	)	(26,860	)	5,037		(82,002	)	(17,017	)
Reinvested capital gains		—		—		—		6,620		20,096		2,426		67,248		40,169
Net increase (decrease) in contract owners’equity resulting from operations	$	(317)		(27,734	)	(64,066	)	(144	)	(4,051	)	7,463		(5,855	)	23,152

(Continued)

9

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

	RyMidCapVal			RyMCpCoreEq		RyNova		RyOTC2x		RyOTC		RyPrecMet		RyRealEst		RyRetail
Investment activity:
Reinvested dividends	$	3,775		148		10,389		9,564		976		—		3,593		—
Net investment income (loss)		3,775		148		10,389		9,564		976		—		3,593		—
Proceeds from mutual fund shares sold		1,752,634		143,449		1,984,825		79,173,404		34,464,084		4,570,491		4,551,045		403,889
Cost of mutual fund shares sold		(1,748,759	)	(150,729	)	(1,964,273	)	(78,709,938	)	(33,764,514	)	(4,424,111	)	(4,563,439	)	(405,631	)
Realized gain (loss) on investments		3,875		(7,280	)	20,552		463,466		699,570		146,380		(12,394	)	(1,742	)
Change in unrealized gain (loss) on investments		(6,992	)	(3,473	)	(31,219	)	(4,866	)	(34,280	)	(46,093	)	(25,613	)	642
Net gain (loss) on investments		(3,117	)	(10,753	)	(10,667	)	458,600		665,290		100,287		(38,007	)	(1,100	)
Reinvested capital gains		183		1,965		—		—		—		—		17,925		980
Net increase (decrease) in contract owners’equity resulting from operations	$	841		(8,640	)	(278	)	468,164		666,266		100,287		(16,489	)	(120	)
	RyRuss2000			RyDySP500		RySectRot		RySmCapGr		RySmCapVal		RyStrDolStr		RyTech		RyTele
Investment activity:
Reinvested dividends	$	30,945		16,506		—		—		652		—		—		421
Net investment income (loss)		30,945		16,506		—		—		652		—		—		421
Proceeds from mutual fund shares sold		27,166,211		5,498,520		1,253,008		2,690,822		2,605,611		1,749,451		2,755,312		2,245,878
Cost of mutual fund shares sold		(27,786,905	)	(5,809,518	)	(1,225,981	)	(2,723,412	)	(2,698,539	)	(1,753,734	)	(2,748,272	)	(2,226,441	)
Realized gain (loss) on investments		(620,694	)	(310,998	)	27,027		(32,590	)	(92,928	)	(4,283	)	7,040		19,437
Change in unrealized gain (loss) on investments		(102,712	)	(34,948	)	(17,089	)	5,616		4,005		(422	)	1,464		(340	)
Net gain (loss) on investments		(723,406	)	(345,946	)	9,938		(26,974	)	(88,923	)	(4,705	)	8,504		19,097
Reinvested capital gains		103,867		176,525		65,277		8,699		46,732		—		—		—
Net increase (decrease) in contract owners’equity resulting from operations	$	(588,594	)	(152,915	)	75,215		(18,275	)	(41,539	)	(4,705	)	8,504		19,518

(Continued)

10

NATIONWIDE VLI SEPARATE ACCOUNT-6

STATEMENTS OF OPERATIONS, Continued

Year Ended December 31, 2007

	RyTrans			RyUtil		RyWeakDol
Investment activity:
Reinvested dividends	$	—		5,129		72,048
Net investment income (loss)		—		5,129		72,048
Proceeds from mutual fund shares sold		1,376,324		14,186,924		1,904,936
Cost of mutual fund shares sold		(1,425,552	)	(14,169,786	)	(1,856,490	)
Realized gain (loss) on investments		(49,228	)	17,138		48,446
Change in unrealized gain (loss) on investments		3,460		(318	)	(61,112	)
Net gain (loss) on investments		(45,768	)	16,820		(12,666	)
Reinvested capital gains		33,496		34,603		—
Net increase (decrease) in contract owners’equity resulting from operations	$	(12,272	)	56,552		59,382

See accompanying notes to financial statements.

11

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2007 and 2006

	Total					ACVPIncGr2				ACVPIncGr3				ACVPUltra2
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	1,407,100		1,158,198		184		170		2,843		1,037		—		—
Realized gain (loss) on investments		48,608		1,452,387		111		503		17,466		697		3,654		314
Change in unrealized gain (loss) on investments		(849,261	)	(134,263	)	(326	)	1,142		(19,484	)	11,288		3,619		(2,395	)
Reinvested capital gains		1,582,571		915,129		—		—		—		—		—		—
Net increase (decrease) in contract owners’ equity resulting from operations		2,189,018		3,391,451		(31	)	1,815		825		13,022		7,273		(2,081	)
Equity transactions:
Purchase payments received from contract owners (note 6)		11,455,676		21,828,817		—		—		25,029		11,232		33		—
Transfers between funds		—		—		—		(6,916	)	63,772		68,956		(40,272	)	(6,881	)
Surrenders (note 6)		(1,591,879	)	(842,330	)	—		—		(2,528	)	(443	)	(176	)	(377	)
Net policy repayments (loans) (note 5)		(369,756	)	(4,896,363	)	—		—		(534	)	(7,285	)	—		—
Deductions for surrender charges (note 2d)		(264,389	)	(165,947	)	—		(80	)	—		(253	)	—		—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(3,083,365	)	(2,680,057	)	(462	)	(648	)	(10,356	)	(4,138	)	(676	)	(1,418	)
Asset charges (note 3)		(187,511	)	(145,802	)	(48	)	(55	)	(890	)	(329	)	(132	)	(217	)
Adjustments to maintain reserves		(1,246	)	(4,186	)	7		18		3		2		(7	)	13
Net equity transactions		5,957,530		13,094,132		(503	)	(7,681	)	74,496		67,742		(41,230	)	(8,880	)
Net change in contract owners’ equity		8,146,548		16,485,583		(534	)	(5,866	)	75,321		80,764		(33,957	)	(10,961	)
Contract owners’ equity beginning of period		49,923,397		33,437,814		11,422		17,288		141,878		61,114		57,157		68,118
Contract owners’ equity end of period	$	58,069,945		49,923,397		10,888		11,422		217,199		141,878		23,200		57,157
CHANGES IN UNITS:
Beginning units		4,146,164		2,989,670		750		1,326		11,246		5,672		4,954		5,704
Units purchased		2,291,017		3,083,765		—		—		6,984		6,701		—		—
Units redeemed		(1,936,983	)	(1,927,271	)	(32	)	(576	)	(1,002	)	(1,127	)	(3,290	)	(750	)
Ending units		4,500,208		4,146,164		718		750		17,228		11,246		1,664		4,954

(Continued)

12

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	ACVPUltra3					ACVPVal2				ACVPVal3				FidVIPEIS2
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	—		—		1,004		788		5,951		2,293		1,218		3,769
Realized gain (loss) on investments		393		(563	)	812		(310	)	646		(2,503	)	11,243		1,900
Change in unrealized gain (loss) on investments		16,140		(770	)	(9,136	)	5,127		(73,736	)	21,365		(12,669	)	1,901
Reinvested capital gains		—		—		5,740		5,590		30,861		14,463		6,115		15,450
Net increase (decrease) in contract owners’ equity resulting from operations		16,533		(1,333	)	(1,580	)	11,195		(36,278	)	35,618		5,907		23,020
Equity transactions:
Purchase payments received from contract owners (note 6)		16,039		13,814		38		—		80,573		37,732		39		1,961
Transfers between funds		2,714		32,039		(17,722	)	—		129,620		149,284		(56,251	)	(11,345	)
Surrenders (note 6)		(403	)	(302	)	(1,927	)	(139	)	(10,771	)	(1,483	)	(235	)	(449	)
Net policy repayments (loans) (note 5)		56		(42	)	(3,802	)	—		2,139		(145	)	(5,513	)	—
Deductions for surrender charges (note 2d)		(7	)	—		(91	)	—		(2,488	)	—		(43	)	(56	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(6,569	)	(4,352	)	(2,280	)	(3,368	)	(28,142	)	(14,750	)	(3,839	)	(7,970	)
Asset charges (note 3)		(436	)	(270	)	(258	)	(298	)	(2,027	)	(880	)	(435	)	(631	)
Adjustments to maintain reserves		15		(3	)	8		(2	)	9		—		16		3
Net equity transactions		11,409		40,884		(26,034	)	(3,807	)	168,913		169,758		(66,261	)	(18,487	)
Net change in contract owners’ equity		27,942		39,551		(27,614	)	7,388		132,635		205,376		(60,354	)	4,533
Contract owners’ equity beginning of period		69,281		29,730		70,419		63,031		361,338		155,962		131,193		126,660
Contract owners’ equity end of period	$	97,223		69,281		42,805		70,419		493,973		361,338		70,839		131,193
CHANGES IN UNITS:
Beginning units		6,486		2,692		4,474		4,744		28,188		14,436		8,350		9,668
Units purchased		1,682		4,268		1		—		17,466		15,225		4		874
Units redeemed		(648	)	(474	)	(1,603	)	(270	)	(5,032	)	(1,473	)	(3,902	)	(2,192	)
Ending units		7,520		6,486		2,872		4,474		40,622		28,188		4,452		8,350

(Continued)

13

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	FidVIPEIS2R					FidVIPGrS2				FidVIPGrS2R				FidVIPConS2
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	5,427		5,256		120		48		1,114		144		690		1,569
Realized gain (loss) on investments		7,533		1,363		3,966		2,349		39,765		2,997		20,693		13,315
Change in unrealized gain (loss) on investments		(41,267	)	1,090		1,217		(282	)	22,956		1,161		(24,398	)	(7,924	)
Reinvested capital gains		28,097		22,131		12		—		530		—		23,705		12,494
Net increase (decrease) in contract owners’ equity resulting from operations		(210	)	29,840		5,315		2,115		64,365		4,302		20,690		19,454
Equity transactions:
Purchase payments received from contract owners (note 6)		71,087		34,274		9		—		24,272		10,001		36		—
Transfers between funds		37,361		94,811		(13,252	)	(6,060	)	506,726		14,265		(73,538	)	(36,344	)
Surrenders (note 6)		(1,193	)	(672	)	(2,186	)	(113	)	(6,479	)	(928	)	(2,410	)	(646	)
Net policy repayments (loans) (note 5)		174		(7,546	)	—		—		(722	)	(7,434	)	(231	)	—
Deductions for surrender charges (note 2d)		(154	)	(102	)	(109	)	(524	)	(231	)	—		(118	)	(30	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(20,925	)	(12,069	)	(1,411	)	(2,199	)	(20,419	)	(5,387	)	(3,836	)	(10,615	)
Asset charges (note 3)		(1,429	)	(739	)	(117	)	(150	)	(1,218	)	(297	)	(505	)	(769	)
Adjustments to maintain reserves		—		(5	)	(35	)	(120	)	(1	)	2		15		(5	)
Net equity transactions		84,921		107,952		(17,101	)	(9,166	)	501,928		10,222		(80,587	)	(48,409	)
Net change in contract owners’ equity		84,711		137,792		(11,786	)	(7,051	)	566,293		14,524		(59,897	)	(28,955	)
Contract owners’ equity beginning of period		246,025		108,233		29,007		36,058		70,585		56,061		151,466		180,421
Contract owners’ equity end of period	$	330,736		246,025		17,221		29,007		636,878		70,585		91,569		151,466
CHANGES IN UNITS:
Beginning units		18,672		9,848		2,334		3,092		5,890		4,986		9,232		12,254
Units purchased		8,637		10,980		—		—		38,113		2,131		5		—
Units redeemed		(2,523	)	(2,156	)	(1,240	)	(758	)	(2,043	)	(1,227	)	(4,479	)	(3,022	)
Ending units		24,786		18,672		1,094		2,334		41,960		5,890		4,758		9,232

(Continued)

14

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	FidVIPConS2R					NVITFHiInc3				NVITGvtBd				NVITGvtBd3
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	11,297		4,838		7,994		2,596		1,397		1,631		13,202		5,602
Realized gain (loss) on investments		35,901		12,129		(2,001	)	84		(59	)	(769	)	2,728		(719	)
Change in unrealized gain (loss) on investments		(272,587	)	(11,457	)	(4,253	)	753		840		(268	)	11,616		(118	)
Reinvested capital gains		380,352		50,725		—		—		—		374		—		792
Net increase (decrease) in contract owners’ equity resulting from operations		154,963		56,235		1,740		3,433		2,178		968		27,546		5,557
Equity transactions:
Purchase payments received from contract owners (note 6)		160,781		69,193		2,160		490		—		237		23,374		36,486
Transfers between funds		697,047		406,716		87,481		52,164		(1	)	(14,815	)	235,016		88,461
Surrenders (note 6)		(19,732	)	(1,581	)	(7,909	)	(318	)	—		—		(6,029	)	(371	)
Net policy repayments (loans) (note 5)		(3,029	)	(15,281	)	(10	)	743		(870	)	—		9,999		314
Deductions for surrender charges (note 2d)		(5,744	)	(246	)	(1,453	)	—		—		(49	)	(2,253	)	(95	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(67,385	)	(32,122	)	(5,502	)	(815	)	(1,686	)	(3,011	)	(11,312	)	(6,068	)
Asset charges (note 3)		(4,410	)	(1,785	)	(539	)	(102	)	(169	)	(239	)	(1,199	)	(504	)
Adjustments to maintain reserves		(3	)	11		6		15		16		(10	)	—		(4	)
Net equity transactions		757,525		424,905		74,234		52,177		(2,710	)	(17,887	)	247,596		118,219
Net change in contract owners’ equity		912,488		481,140		75,974		55,610		(532	)	(16,919	)	275,142		123,776
Contract owners’ equity beginning of period		684,250		203,110		55,610		—		32,317		49,236		178,969		55,193
Contract owners’ equity end of period	$	1,596,738		684,250		131,584		55,610		31,785		32,317		454,111		178,969
CHANGES IN UNITS:
Beginning units		51,338		16,980		5,192		—		2,848		4,484		17,056		5,436
Units purchased		58,174		38,417		8,083		5,297		4		429		25,077		12,295
Units redeemed		(7,378	)	(4,059	)	(1,367	)	(105	)	(238	)	(2,065	)	(1,745	)	(675	)
Ending units		102,134		51,338		11,908		5,192		2,614		2,848		40,388		17,056

(Continued)

15

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	NVITIDAgg2					NVITIDAgg6				NVITIDCon6				NVITIDMod2
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	134		131		21,626		6,314		3,877		1,419		590		1,028
Realized gain (loss) on investments		91		60		7,533		(16,557	)	293		(800	)	2,500		1,455
Change in unrealized gain (loss)on investments		(39	)	751		(96,411	)	10,645		(1,780	)	1,610		(1,440	)	1,816
Reinvested capital gains		222		95		8,801		8,160		2,324		477		292		501
Net increase (decrease) in contract owners’ equity resulting from operations		408		1,037		(58,451	)	8,562		4,714		2,706		1,942		4,800
Equity transactions:
Purchase payments received from contract owners (note 6)		—		—		94,268		36,058		6,129		3,049		—		—
Transfers between funds		—		—		2,581,167		101,096		91,507		(25,006	)	(1,315	)	(33,920	)
Surrenders (note 6)		—		—		(106	)	(97	)	(5,634	)	(820	)	(11,881	)	—
Net policy repayments (loans) (note 5)		—		—		(156	)	3,557		(85	)	(137	)	—		—
Deductions for surrender charges (note 2d)		—		—		—		—		(1,655	)	—		(2,631	)	—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(490	)	(674	)	(42,753	)	(14,125	)	(6,844	)	(3,268	)	(2,681	)	(8,623	)
Asset charges (note 3)		(42	)	(40	)	(1,879	)	(852	)	(398	)	(233	)	(137	)	(277	)
Adjustments to maintain reserves		(6	)	17		6		(16	)	(5	)	7		(9	)	19
Net equity transactions		(538	)	(697	)	2,630,547		125,621		83,015		(26,408	)	(18,654	)	(42,801	)
Net change in contract owners’ equity		(130	)	340		2,572,096		134,183		87,729		(23,702	)	(16,712	)	(38,001	)
Contract owners’ equity beginning of period		6,897		6,557		153,897		19,714		27,947		51,649		34,830		72,831
Contract owners’ equity end of period	$	6,767		6,897		2,725,993		153,897		115,676		27,947		18,118		34,830
CHANGES IN UNITS:
Beginning units		486		540		11,738		1,758		2,544		4,990		2,734		6,366
Units purchased		—		—		187,752		51,877		8,766		389		—		—
Units redeemed		(36	)	(54	)	(3,280	)	(41,897	)	(1,322	)	(2,835	)	(1,388	)	(3,632	)
Ending units		450		486		196,210		11,738		9,988		2,544		1,346		2,734

(Continued)

16

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	NVITIDMod6					NVITIDModAg2				NVITIDModAg6				NVITIDModCon2
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	13,441		7,073		1,157		1,792		20,032		5,095		81		69
Realized gain (loss) on investments		4,493		3,621		6,118		1,207		13,225		3,058		3		1
Change in unrealized gain (loss) on investments		(4,918	)	13,291		(4,342	)	7,516		(12,688	)	15,253		(3	)	99
Reinvested capital gains		7,501		2,707		986		1,034		15,468		2,034		69		33
Net increase (decrease) in contract owners’ equity resulting from operations		20,517		26,692		3,919		11,549		36,037		25,440		150		202
Equity transactions:
Purchase payments received from contract owners (note 6)		69,384		93,209		—		—		160,721		83,868		—		—
Transfers between funds		189,290		95,910		—		(2,695	)	715,339		131,020		—		—
Surrenders (note 6)		(2,265	)	(468	)	(9,384	)	(2,216	)	(2,548	)	(7,418	)	—		—
Net policy repayments (loans) (note 5)		—		—		(22,162	)	(1,515	)	(13,061	)	(1,428	)	—		—
Deductions for surrender charges (note 2d)		(377	)	(133	)	(1,552	)	(948	)	(834	)	(7,231	)	—		—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(39,944	)	(39,888	)	(3,412	)	(6,404	)	(72,740	)	(27,125	)	(40	)	(54	)
Asset charges (note 3)		(2,095	)	(1,266	)	(293	)	(444	)	(3,011	)	(924	)	(10	)	(11	)
Adjustments to maintain reserves		(3	)	(14	)	8		(6	)	(17	)	20		1		21
Net equity transactions		213,990		147,350		(36,795	)	(14,228	)	783,849		170,782		(49	)	(44	)
Net change in contract owners’ equity		234,507		174,042		(32,876	)	(2,679	)	819,886		196,222		101		158
Contract owners’ equity beginning of period		335,098		161,056		83,512		86,191		320,529		124,307		2,608		2,450
Contract owners’ equity end of period	$	569,605		335,098		50,636		83,512		1,140,415		320,529		2,709		2,608
CHANGES IN UNITS:
Beginning units		27,930		14,960		6,138		7,256		25,380		11,276		216		220
Units purchased		20,555		17,232		4		—		67,031		18,395		—		—
Units redeemed		(3,571	)	(4,262	)	(2,636	)	(1,118	)	(7,349	)	(4,291	)	(4	)	(4	)
Ending units		44,914		27,930		3,506		6,138		85,062		25,380		212		216

(Continued)

17

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	NVITIDModCon6					NVITMdCpGr				NVITMdCpGr3				NVITMyMkt2
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	4,345		1,389		—		—		—		—		900,619		758,893
Realized gain (loss) on investments		847		857		93		229		31		320		—		—
Change in unrealized gain (loss) on investments		3,769		1,104		278		205		1,674		1,431		—		—
Reinvested capital gains		629		807		—		—		—		—		—		—
Net increase (decrease) in contract owners’ equity resulting from operations		9,590		4,157		371		434		1,705		1,751		900,619		758,893
Equity transactions:
Purchase payments received from contract owners (note 6)		7,676		7,854		—		—		4,326		4,371		7,839,214		19,420,036
Transfers between funds		221,481		(34,335	)	—		—		3,855		(5,343	)	(8,234,941	)	(7,222,375	)
Surrenders (note 6)		(6,331	)	(837	)	—		—		—		—		(1,067,913	)	(496,640	)
Net policy repayments (loans) (note 5)		(676	)	—		—		—		—		—		70,080		(4,446,117	)
Deductions for surrender charges (note 2d)		(383	)	—		—		(659	)	—		(53	)	(181,484	)	(106,274	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(22,258	)	(5,664	)	(291	)	(363	)	(762	)	(727	)	(1,128,678	)	(1,178,263	)
Asset charges (note 3)		(476	)	(268	)	(26	)	(25	)	(99	)	(75	)	(70,790	)	(63,505	)
Adjustments to maintain reserves		3		(6	)	(1	)	(9	)	11		(18	)	1,504		(1,020	)
Net equity transactions		199,036		(33,256	)	(318	)	(1,056	)	7,331		(1,845	)	(2,773,008	)	5,905,842
Net change in contract owners’ equity		208,626		(29,099	)	53		(622	)	9,036		(94	)	(1,872,389	)	6,664,735
Contract owners’ equity beginning of period		31,033		60,132		4,187		4,809		18,957		19,051		23,747,306		17,082,571
Contract owners’ equity end of period	$	239,659		31,033		4,240		4,187		27,993		18,957		21,874,917		23,747,306
CHANGES IN UNITS:
Beginning units		2,712		5,696		282		356		1,470		1,624		2,220,642		1,663,006
Units purchased		19,577		757		—		—		587		354		755,727		1,925,089
Units redeemed		(2,497	)	(3,741	)	(20	)	(74	)	(65	)	(508	)	(1,014,265	)	(1,367,453	)
Ending units		19,792		2,712		262		282		1,992		1,470		1,962,104		2,220,642

(Continued)

18

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	NVITSmCapGr2					NVITSmCapGr3				NVITSmCapVal2				NVITSmCapVal3
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	—		—		—		—		39		14		362		100
Realized gain (loss) on investments		41		41		33		10		3		(162	)	(1,184	)	(198	)
Change in unrealized gain (loss) on investments		205		39		520		24		(845	)	1,116		(5,268	)	1,776
Reinvested capital gains		—		—		—		—		528		452		3,554		1,960
Net increase (decrease) in contract owners’ equity resulting from operations		246		80		553		34		(275	)	1,420		(2,536	)	3,638
Equity transactions:
Purchase payments received from contract owners (note 6)		—		—		2,087		770		—		—		3,573		4,590
Transfers between funds		—		—		7,848		—		—		(11,469	)	(5,408	)	10,799
Surrenders (note 6)		—		—		—		—		—		—		(301	)	(275	)
Net policy repayments (loans) (note 5)		—		—		—		—		—		—		(12	)	(4,998	)
Deductions for surrender charges (note 2d)		—		(30	)	—		(52	)	—		—		—		—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(158	)	(195	)	(207	)	(69	)	(269	)	(616	)	(1,420	)	(1,097	)
Asset charges (note 3)		(16	)	(16	)	(38	)	(5	)	(24	)	(49	)	(137	)	(89	)
Adjustments to maintain reserves		9		11		(13	)	10		(1	)	6		3		11
Net equity transactions		(165	)	(230	)	9,677		654		(294	)	(12,128	)	(3,702	)	8,941
Net change in contract owners’ equity		81		(150	)	10,230		688		(569	)	(10,708	)	(6,238	)	12,579
Contract owners’ equity beginning of period		2,639		2,789		1,265		577		4,136		14,844		29,773		17,194
Contract owners’ equity end of period	$	2,720		2,639		11,495		1,265		3,567		4,136		23,535		29,773
CHANGES IN UNITS:
Beginning units		204		222		102		48		256		1,076		2,216		1,502
Units purchased		—		—		761		64		—		—		281		1,246
Units redeemed		(12	)	(18	)	(19	)	(10	)	(18	)	(820	)	(615	)	(532	)
Ending units		192		204		844		102		238		256		1,882		2,216

(Continued)

19

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	NVITSmComp2					NVITSmComp3				NVITNWFund2				NVITNWFund3
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	—		15		17		91		114		127		816		299
Realized gain (loss) on investments		56		173		4,329		(133	)	348		222		9,927		(143	)
Change in unrealized gain (loss) on investments		(3,361	)	2,224		(5,144	)	4,117		(54	)	1,384		(1,374	)	877
Reinvested capital gains		3,842		588		10,018		399		656		—		2,077		—
Net increase (decrease) in contract owners’ equity resulting from operations		537		3,000		9,220		4,474		1,064		1,733		11,446		1,033
Equity transactions:
Purchase payments received from contract owners (note 6)		—		—		26,008		6,541		—		—		11,188		13,339
Transfers between funds		—		—		(28,832	)	42,880		—		—		(19,150	)	3,507
Surrenders (note 6)		—		—		(1,867	)	(2	)	—		—		(1,836	)	(392	)
Net policy repayments (loans) (note 5)		(68	)	(4,223	)	(185	)	(1,836	)	(152	)	—		1,092		—
Deductions for surrender charges (note 2d)		—		—		—		—		—		—		—		—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(433	)	(572	)	(6,121	)	(1,846	)	(1,543	)	(2,079	)	(5,860	)	(5,409	)
Asset charges (note 3)		(103	)	(114	)	(372	)	(127	)	(80	)	(79	)	(304	)	(153	)
Adjustments to maintain reserves		22		(21	)	5		9		7		(14	)	9		(11	)
Net equity transactions		(582	)	(4,930	)	(11,364	)	45,619		(1,768	)	(2,172	)	(14,861	)	10,881
Net change in contract owners’ equity		(45	)	(1,930	)	(2,144	)	50,093		(704	)	(439	)	(3,415	)	11,914
Contract owners’ equity beginning of period		27,415		29,345		64,500		14,407		13,906		14,345		29,228		17,314
Contract owners’ equity end of period	$	27,370		27,415		62,356		64,500		13,202		13,906		25,813		29,228
CHANGES IN UNITS:
Beginning units		1,682		2,012		4,922		1,232		966		1,130		2,316		1,560
Units purchased		4		—		2,062		4,012		2		—		1,015		1,237
Units redeemed		(38	)	(330	)	(2,324	)	(322	)	(118	)	(164	)	(1,441	)	(481	)
Ending units		1,648		1,682		4,660		4,922		850		966		1,890		2,316

(Continued)

20

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyAbsRtStr					RyBank				RyBasicM				RyBioTech
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	9,987		3,945		700		1,914		799		3,861		—		—
Realized gain (loss) on investments		20,928		2,810		(6,819	)	2,759		130,699		36,482		(18,061	)	6,217
Change in unrealized gain (loss) on investments		(13,027	)	2,098		(799	)	1,092		(30,129	)	727		(2,770	)	(580	)
Reinvested capital gains		2,578		5,014		—		—		43,625		5,592		—		—
Net increase (decrease) in contract owners’ equity resulting from operations		20,466		13,867		(6,918	)	5,765		144,994		46,662		(20,831	)	5,637
Equity transactions:
Purchase payments received from contract owners (note 6)		66,462		1,001		7,211		5,628		43,356		30,772		25,355		11,992
Transfers between funds		(119,051	)	353,015		(286,784	)	284,634		271,336		201,626		107,924		(190,483	)
Surrenders (note 6)		(16,814	)	(36	)	(33	)	(2,191	)	(5,703	)	(425	)	(208	)	(458	)
Net policy repayments (loans) (note 5)		(1,431	)	(9,579	)	(607	)	(2,487	)	(20,341	)	(4,603	)	(293	)	(8,197	)
Deductions for surrender charges (note 2d)		(1,946	)	—		(1,097	)	(211	)	(1,839	)	(186	)	(100	)	—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(23,972	)	(7,018	)	(3,163	)	(5,843	)	(35,575	)	(20,896	)	(8,091	)	(12,404	)
Asset charges (note 3)		(1,560	)	(503	)	(140	)	(297	)	(2,261	)	(1,003	)	(563	)	(696	)
Adjustments to maintain reserves		(5	)	11		—		(7	)	9		25		18		(1	)
Net equity transactions		(98,317	)	336,891		(284,613	)	279,226		248,982		205,310		124,042		(200,247	)
Net change in contract owners’ equity		(77,851	)	350,758		(291,531	)	284,991		393,976		251,972		103,211		(194,610	)
Contract owners’ equity beginning of period		350,758		—		317,471		32,480		312,309		60,337		72,729		267,339
Contract owners’ equity end of period	$	272,907		350,758		25,940		317,471		706,285		312,309		175,940		72,729
CHANGES IN UNITS:
Beginning units		34,066		—		22,686		2,582		17,404		4,112		6,516		23,156
Units purchased		8,940		35,768		1,421		20,949		16,490		14,952		9,449		3,729
Units redeemed		(17,480	)	(1,702	)	(21,565	)	(845	)	(4,514	)	(1,660	)	(867	)	(20,369	)
Ending units		25,526		34,066		2,542		22,686		29,380		17,404		15,098		6,516

(Continued)

21

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyCommStr					RyConsProd				RyDow2x				RyElec
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	—		—		6,716		2,802		8,031		2,622		—		—
Realized gain (loss) on investments		35,419		(41,140	)	(1,099	)	37,566		77,332		70,741		(2,525	)	(37,196	)
Change in unrealized gain (loss) on investments		8,763		(2,505	)	(11,826	)	(643	)	(136,173	)	(6,477	)	134		21
Reinvested capital gains		—		—		28,928		3,341		85,602		54,039		—		—
Net increase (decrease) in contract owners’ equity resulting from operations		44,182		(43,645	)	22,719		43,066		34,792		120,925		(2,391	)	(37,175	)
Equity transactions:
Purchase payments received from contract owners (note 6)		7,386		86		18,345		10,327		27,345		15,345		(508	)	32,713
Transfers between funds		247,031		105,320		(50,237	)	286,129		205,121		(77,614	)	13,580		7,552
Surrenders (note 6)		(167	)	—		—		(4,247	)	(9,345	)	(2,220	)	(85	)	(12,757	)
Net policy repayments (loans) (note 5)		(6,747	)	(385	)	(33,401	)	(2,840	)	(4,882	)	(4,868	)	(3,997	)	(6,094	)
Deductions for surrender charges (note 2d)		—		—		(64	)	(279	)	(2,160	)	—		—		(721	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(10,865	)	(2,378	)	(10,296	)	(11,618	)	(41,134	)	(25,695	)	(1,571	)	(11,227	)
Asset charges (note 3)		(637	)	(161	)	(830	)	(815	)	(2,626	)	(1,584	)	(121	)	(717	)
Adjustments to maintain reserves		191		5		71		27		6		(16	)	(2	)	9
Net equity transactions		236,192		102,487		(76,412	)	276,684		172,325		(96,652	)	7,296		8,758
Net change in contract owners’ equity		280,374		58,842		(53,693	)	319,750		207,117		24,273		4,905		(28,417	)
Contract owners’ equity beginning of period		58,842		—		336,194		16,444		582,348		558,075		30,906		59,323
Contract owners’ equity end of period	$	339,216		58,842		282,501		336,194		789,465		582,348		35,811		30,906
CHANGES IN UNITS:
Beginning units		7,690		—		23,366		1,342		42,684		53,398		3,472		6,830
Units purchased		28,390		8,015		1,327		23,505		14,874		7,156		2,640		5,668
Units redeemed		(2,244	)	(325	)	(7,017	)	(1,481	)	(4,054	)	(17,870	)	(1,986	)	(9,026	)
Ending units		33,836		7,690		17,676		23,366		53,504		42,684		4,126		3,472

(Continued)

22

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyEnergy					RyEnSvc				RyEuroStr				RyFinSvc
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	—		—		—		—		26,705		14,740		1,748		1,587
Realized gain (loss) on investments		61,668		(42,796	)	169,233		(78,118	)	(102,999	)	58,621		(25,214	)	10,747
Change in unrealized gain (loss) on investments		14,620		(53,190	)	(12,172	)	71		(24,711	)	3,424		2,199		(1,748	)
Reinvested capital gains		89,312		92,420		47,552		33,485		108,264		23,987		9,630		5,659
Net increase (decrease) in contract owners’ equity resulting from operations		165,600		(3,566	)	204,613		(44,562	)	7,259		100,772		(11,637	)	16,245
Equity transactions:
Purchase payments received from contract owners (note 6)		67,184		44,104		28,058		32,815		114,558		57,407		23,877		7,325
Transfers between funds		592,830		28,959		726,248		(63,299	)	219,348		689,347		(57,233	)	91,790
Surrenders (note 6)		(13,870	)	(8,313	)	(13,534	)	(6,298	)	(7,205	)	(4,980	)	(569	)	(2,126	)
Net policy repayments (loans) (note 5)		(1,569	)	(2,692	)	(11,898	)	(7,976	)	779		(2,764	)	(1,719	)	(14	)
Deductions for surrender charges (note 2d)		(4,876	)	(388	)	(2,200	)	(375	)	(699	)	(1,986	)	(19	)	(448	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(47,219	)	(32,963	)	(50,760	)	(29,324	)	(82,336	)	(36,666	)	(9,176	)	(7,983	)
Asset charges (note 3)		(2,589	)	(1,931	)	(3,130	)	(1,914	)	(4,479	)	(1,861	)	(482	)	(455	)
Adjustments to maintain reserves		(15	)	37		36		30		32		(6	)	19		(11	)
Net equity transactions		589,876		26,813		672,820		(76,341	)	239,998		698,491		(45,302	)	88,078
Net change in contract owners’ equity		755,476		23,247		877,433		(120,903	)	247,257		799,263		(56,939	)	104,323
Contract owners’ equity beginning of period		313,853		290,606		196,636		317,539		974,552		175,289		153,325		49,002
Contract owners’ equity end of period	$	1,069,329		313,853		1,074,069		196,636		1,221,809		974,552		96,386		153,325
CHANGES IN UNITS:
Beginning units		13,530		14,022		8,584		15,384		47,634		11,096		9,832		3,668
Units purchased		23,861		2,918		28,950		6,232		10,131		39,348		1,885		6,935
Units redeemed		(2,787	)	(3,410	)	(3,334	)	(13,032	)	(4,945	)	(2,810	)	(4,105	)	(771	)
Ending units		34,604		13,530		34,200		8,584		52,820		47,634		7,612		9,832

(Continued)

23

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyGvtLgBd					RyHealthC				RyHedgeEq				RyInternet
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	65,017		95,501		—		—		11,669		2,709		—		—
Realized gain (loss) on investments		100,085		389,780		22,186		18,488		4,085		998		(17,659	)	23,581
Change in unrealized gain (loss) on investments		9,558		3,248		684		(5,769	)	(14,611	)	(1,620	)	1,168		734
Reinvested capital gains		—		—		4,127		13,561		3,763		5,127		—		—
Net increase (decrease) in contract owners’ equity resulting from operations		174,660		488,529		26,997		26,280		4,906		7,214		(16,491	)	24,315
Equity transactions:
Purchase payments received from contract owners (note 6)		10,289		2,104		50,764		16,683		26,960		2,611		6,070		3,915
Transfers between funds		222,574		(921,146	)	(222,291	)	217,485		74,902		192,542		(87,711	)	31,030
Surrenders (note 6)		(10,185	)	(40,616	)	(518	)	(3,619	)	(13,915	)	—		(316	)	(7,838	)
Net policy repayments (loans) (note 5)		(16,487	)	(4,500	)	(14,230	)	(5,381	)	(5,784	)	(5,839	)	(4,506	)	(9,535	)
Deductions for surrender charges (note 2d)		(1,502	)	(7,065	)	(1,023	)	(115	)	(1,680	)	—		—		(401	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(43,169	)	(70,491	)	(13,645	)	(16,377	)	(21,484	)	(3,476	)	(7,016	)	(5,562	)
Asset charges (note 3)		(3,322	)	(5,134	)	(1,011	)	(935	)	(1,319	)	(207	)	(561	)	(370	)
Adjustments to maintain reserves		(3,542	)	(3,169	)	—		(3	)	(8	)	7		13		9
Net equity transactions		154,656		(1,050,017	)	(201,954	)	207,738		57,672		185,638		(94,027	)	11,248
Net change in contract owners’ equity		329,316		(561,488	)	(174,957	)	234,018		62,578		192,852		(110,518	)	35,563
Contract owners’ equity beginning of period		131,749		693,237		386,003		151,985		192,852		—		177,410		141,847
Contract owners’ equity end of period	$	461,065		131,749		211,046		386,003		255,430		192,852		66,892		177,410
CHANGES IN UNITS:
Beginning units		11,224		57,198		29,212		12,090		18,870		—		12,320		10,806
Units purchased		31,648		1,129		3,930		19,220		9,558		19,826		398		3,252
Units redeemed		(7,078	)	(47,103	)	(18,078	)	(2,098	)	(4,200	)	(956	)	(8,510	)	(1,738	)
Ending units		35,794		11,224		15,064		29,212		24,228		18,870		4,208		12,320

(Continued)

24

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyInDow2x					RyInGovLB				RyInMidCap				RyInOTC
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	1,949		1,865		23,058		29,834		4,145		938		11,725		21,628
Realized gain (loss) on investments		11,597		(51,177	)	(104,792	)	(66,082	)	(24,950	)	(29,232	)	(303,277	)	101,126
Change in unrealized gain (loss) on investments		45,136		(4,312	)	(14,082	)	10,599		1,928		(1,895	)	(6,701	)	833
Reinvested capital gains		—		—		—		—		—		—		—		—
Net increase (decrease) in contract owners’ equity resulting from operations		58,682		(53,624	)	(95,816	)	(25,649	)	(18,877	)	(30,189	)	(298,253	)	123,587
Equity transactions:
Purchase payments received from contract owners (note 6)		1,733		4,105		24,312		30,351		1,703		2,236		196,694		11,317
Transfers between funds		1,152,701		108,274		(536,368	)	783,473		44,696		196,327		250,526		11,446
Surrenders (note 6)		(2,060	)	(184	)	(5,629	)	(32,441	)	(31,449	)	(4,996	)	(68,953	)	(7,883	)
Net policy repayments (loans) (note 5)		(25,448	)	(6,183	)	(36,971	)	(6,626	)	(1,643	)	379		(21,933	)	(9,743	)
Deductions for surrender charges (note 2d)		—		—		(376	)	(7,123	)	(3,618	)	(247	)	(6,237	)	(605	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(13,053	)	(13,134	)	(25,449	)	(41,249	)	(6,003	)	(7,134	)	(80,084	)	(33,759	)
Asset charges (note 3)		(762	)	(541	)	(1,509	)	(2,295	)	(508	)	(495	)	(4,695	)	(1,912	)
Adjustments to maintain reserves		(1	)	(11	)	(13	)	(6	)	—		4		6		(94	)
Net equity transactions		1,113,110		92,326		(582,003	)	724,084		3,178		186,074		265,324		(31,233	)
Net change in contract owners’ equity		1,171,792		38,702		(677,819	)	698,435		(15,699	)	155,885		(32,929	)	92,354
Contract owners’ equity beginning of period		128,064		89,362		846,975		148,540		171,801		15,916		341,205		248,851
Contract owners’ equity end of period	$	1,299,856		128,064		169,156		846,975		156,102		171,801		308,276		341,205
CHANGES IN UNITS:
Beginning units		18,194		9,932		100,194		18,996		22,088		1,968		42,542		30,592
Units purchased		191,111		10,752		2,706		91,952		4,230		22,243		24,481		18,809
Units redeemed		(6,399	)	(2,490	)	(81,944	)	(10,754	)	(5,842	)	(2,123	)	(23,699	)	(6,859	)
Ending units		202,906		18,194		20,956		100,194		20,476		22,088		43,324		42,542

(Continued)

25

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyInRus2000					RyInSP500				RyJapanStr				RyLgCapGr
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	14,163		3,586		19,963		59,961		15,276		30,165		—		—
Realized gain (loss) on investments		(12,714	)	(58,471	)	(124,684	)	(63,329	)	(223,247	)	43,982		(7,455	)	2,299
Change in unrealized gain (loss) on investments		(1,766	)	(109	)	76,987		(76,169	)	143,905		(187,011	)	691		(2,330	)
Reinvested capital gains		—		—		—		—		—		152,825		6,620		9,978
Net increase (decrease) in contract owners’ equity resulting from operations		(317	)	(54,994	)	(27,734	)	(79,537	)	(64,066	)	39,961		(144	)	9,947
Equity transactions:
Purchase payments received from contract owners (note 6)		15,435		5,534		249,933		258,439		283,402		302,207		45,858		33,366
Transfers between funds		75,678		226,312		(415,617	)	17,559		(791,675	)	104,868		(384,711	)	447,552
Surrenders (note 6)		(34,887	)	(9,870	)	(35,302	)	(34,349	)	(8,016	)	(272	)	(942	)	(6,023	)
Net policy repayments (loans) (note 5)		(8,366	)	(710	)	(1,209	)	(3,944	)	(8,110	)	(9,894	)	5,265		(4,434	)
Deductions for surrender charges (note 2d)		(4,305	)	(500	)	(4,407	)	(6,964	)	(1,177	)	(183	)	(185	)	(1,316	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(19,240	)	(11,139	)	(61,708	)	(87,035	)	(56,715	)	(57,049	)	(40,150	)	(19,282	)
Asset charges (note 3)		(1,666	)	(848	)	(2,515	)	(2,304	)	(2,328	)	(1,914	)	(1,954	)	(1,215	)
Adjustments to maintain reserves		4		(2	)	9		(11	)	(6	)	(5	)	25		3
Net equity transactions		22,653		208,777		(270,816	)	141,391		(584,625	)	337,758		(376,794	)	448,651
Net change in contract owners’ equity		22,336		153,783		(298,550	)	61,854		(648,691	)	377,719		(376,938	)	458,598
Contract owners’ equity beginning of period		232,708		78,925		759,353		697,499		867,226		489,507		677,170		218,572
Contract owners’ equity end of period	$	255,044		232,708		460,803		759,353		218,535		867,226		300,232		677,170
CHANGES IN UNITS:
Beginning units		31,834		9,506		100,746		85,596		57,286		33,996		60,544		20,598
Units purchased		10,749		25,883		34,211		32,615		20,299		28,623		8,205		43,016
Units redeemed		(9,471	)	(3,555	)	(74,323	)	(17,465	)	(61,323	)	(5,333	)	(43,163	)	(3,070	)
Ending units		33,112		31,834		60,634		100,746		16,262		57,286		25,586		60,544

(Continued)

26

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyLgCapVal					RyLeisure				RyMidCapStr				RyMidCapGr
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	2,713		1,997		—		—		8,899		2,675		—		—
Realized gain (loss) on investments		(306	)	37,201		7,476		6,090		(137,130	)	24,816		8,406		(12,161	)
Change in unrealized gain (loss) on investments		(26,554	)	(434	)	(2,439	)	2,539		55,128		(134,268	)	(25,423	)	(12,840	)
Reinvested capital gains		20,096		6,389		2,426		7,301		67,248		188,902		40,169		30,089
Net increase (decrease) in contract owners’ equity resulting from operations		(4,051	)	45,153		7,463		15,930		(5,855	)	82,125		23,152		5,088
Equity transactions:
Purchase payments received from contract owners (note 6)		65,611		22,154		7,749		2,628		173,815		85,975		75,900		40,462
Transfers between funds		(267,609	)	388,907		(254,590	)	259,322		(244,536	)	(140,858	)	82,141		100,836
Surrenders (note 6)		(6,031	)	(66,899	)	(269	)	(170	)	(12,182	)	(3,434	)	(9,923	)	(5,933	)
Net policy repayments (loans) (note 5)		(24,643	)	(6,002	)	(255	)	(14	)	1,005		(22,421	)	(6,019	)	(6,116	)
Deductions for surrender charges (note 2d)		(427	)	(9,253	)	(101	)	(215	)	(2,497	)	(790	)	(1,117	)	(2,118	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(30,386	)	(19,642	)	(6,782	)	(4,378	)	(57,162	)	(65,899	)	(34,295	)	(20,597	)
Asset charges (note 3)		(1,566	)	(1,113	)	(405	)	(269	)	(2,774	)	(3,034	)	(2,121	)	(1,349	)
Adjustments to maintain reserves		(9	)	—		19		(10	)	20		(3	)	11		(4	)
Net equity transactions		(265,060	)	308,152		(254,634	)	256,894		(144,311	)	(150,464	)	104,577		105,181
Net change in contract owners’ equity		(269,111	)	353,305		(247,171	)	272,824		(150,166	)	(68,339	)	127,729		110,269
Contract owners’ equity beginning of period		408,037		54,732		274,660		1,836		693,794		762,133		495,406		385,137
Contract owners’ equity end of period	$	138,926		408,037		27,489		274,660		543,628		693,794		623,135		495,406
CHANGES IN UNITS:
Beginning units		29,590		4,670		16,964		140		39,476		47,902		39,714		31,840
Units purchased		5,438		33,438		477		17,162		10,561		7,558		11,021		11,014
Units redeemed		(24,382	)	(8,518	)	(15,699	)	(338	)	(20,179	)	(15,984	)	(4,675	)	(3,140	)
Ending units		10,646		29,590		1,742		16,964		29,858		39,476		46,060		39,714

(Continued)

27

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyMidCapVal					RyMCpCoreEq				RyNova				RyOTC2x
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	3,775		2,495		148		9		10,389		6,286		9,564		1,018
Realized gain (loss) on investments		3,875		11,539		(7,280	)	2,373		20,552		53,293		463,466		498,086
Change in unrealized gain (loss) on investments		(6,992	)	4,308		(3,473	)	74		(31,219	)	12,828		(4,866	)	41,097
Reinvested capital gains		183		—		1,965		18		—		—		—		—
Net increase (decrease) in contract owners’ equity resulting from operations		841		18,342		(8,640	)	2,474		(278	)	72,407		468,164		540,201
Equity transactions:
Purchase payments received from contract owners (note 6)		48,293		25,673		768		—		43,775		50,851		252,604		161,849
Transfers between funds		(209,750	)	277,229		13,448		17,511		135,668		32,186		1,199,891		(1,159,232	)
Surrenders (note 6)		(3,026	)	(27	)	—		—		(6,082	)	(1,459	)	(4,112	)	(1,702	)
Net policy repayments (loans) (note 5)		(21,161	)	(6,556	)	—		(93	)	(12,183	)	(48,640	)	(7,555	)	(14,829	)
Deductions for surrender charges (note 2d)		(614	)	(375	)	—		—		(996	)	—		(4,223	)	(705	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(25,038	)	(12,185	)	(1,824	)	(573	)	(36,634	)	(29,080	)	(126,424	)	(90,840	)
Asset charges (note 3)		(1,286	)	(632	)	(148	)	(51	)	(2,603	)	(1,797	)	(6,755	)	(4,570	)
Adjustments to maintain reserves		11		(6	)	3		14		2		6		(3	)	(52	)
Net equity transactions		(212,571	)	283,121		12,247		16,808		120,947		2,067		1,303,423		(1,110,081	)
Net change in contract owners’ equity		(211,730	)	301,463		3,607		19,282		120,669		74,474		1,771,587		(569,880	)
Contract owners’ equity beginning of period		335,231		33,768		19,282		—		610,011		535,537		1,263,718		1,833,598
Contract owners’ equity end of period	$	123,501		335,231		22,889		19,282		730,680		610,011		3,035,305		1,263,718
CHANGES IN UNITS:
Beginning units		22,946		2,706		1,818		—		37,858		39,642		96,492		146,814
Units purchased		4,014		21,804		645		1,894		10,888		7,968		94,494		29,951
Units redeemed		(18,076	)	(1,564	)	(185	)	(76	)	(3,904	)	(9,752	)	(10,208	)	(80,273	)
Ending units		8,884		22,946		2,278		1,818		44,842		37,858		180,778		96,492

(Continued)

28

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyOTC					RyPrecMet				RyRealEst				RyRetail
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	976		—		—		—		3,593		6,944		—		—
Realized gain (loss) on investments		699,570		279,413		146,380		42,576		(12,394	)	60,950		(1,742	)	(894	)
Change in unrealized gain (loss) on investments		(34,280	)	41,909		(46,093	)	32,974		(25,613	)	(3,001	)	642		(665	)
Reinvested capital gains		—		—		—		—		17,925		13,494		980		572
Net increase (decrease) in contract owners’ equity resulting from operations		666,266		321,322		100,287		75,550		(16,489	)	78,387		(120	)	(987	)
Equity transactions:
Purchase payments received from contract owners (note 6)		108,891		113,429		111,899		77,922		58,909		33,976		922		15,402
Transfers between funds		2,921,995		(1,546,375	)	538,986		692,407		(340,201	)	268,581		(17,209	)	(6,901	)
Surrenders (note 6)		(5,363	)	(6,955	)	(35,823	)	(4,951	)	(463	)	(11,993	)	(59	)	(58	)
Net policy repayments (loans) (note 5)		(17,564	)	(15,530	)	19,543		(11,924	)	(4,394	)	(7,497	)	(8	)	—
Deductions for surrender charges (note 2d)		(1,808	)	(794	)	(1,723	)	(348	)	(212	)	(1,349	)	—		—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(78,326	)	(64,819	)	(52,869	)	(37,669	)	(22,410	)	(19,284	)	(1,420	)	(3,940	)
Asset charges (note 3)		(5,996	)	(4,448	)	(4,562	)	(2,842	)	(1,193	)	(1,187	)	(89	)	(221	)
Adjustments to maintain reserves		2		(8	)	46		83		205		2		(4	)	5
Net equity transactions		2,921,831		(1,525,500	)	575,497		712,678		(309,759	)	261,249		(17,867	)	4,287
Net change in contract owners’ equity		3,588,097		(1,204,178	)	675,784		788,228		(326,248	)	339,636		(17,987	)	3,300
Contract owners’ equity beginning of period		1,063,683		2,267,861		1,157,640		369,412		460,825		121,189		19,697		16,397
Contract owners’ equity end of period	$	4,651,780		1,063,683		1,833,424		1,157,640		134,577		460,825		1,710		19,697
CHANGES IN UNITS:
Beginning units		85,150		192,028		74,170		28,740		22,910		7,876		1,530		1,402
Units purchased		239,444		16,454		30,364		50,062		5,214		17,411		149		1,348
Units redeemed		(8,540	)	(123,332	)	(6,280	)	(4,632	)	(19,852	)	(2,377	)	(1,527	)	(1,220	)
Ending units		316,054		85,150		98,254		74,170		8,272		22,910		152		1,530

(Continued)

29

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyRuss2000					RyDySP500				RySectRot				RySmCapGr
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	30,945		15,064		16,506		6,580		—		—		—		—
Realized gain (loss) on investments		(620,694	)	12,934		(310,998	)	37,370		27,027		(1,047	)	(32,590	)	(11,291	)
Change in unrealized gain (loss) on investments		(102,712	)	143,595		(34,948	)	2,802		(17,089	)	(18,750	)	5,616		3,147
Reinvested capital gains		103,867		—		176,525		25,920		65,277		54,409		8,699		15,846
Net increase (decrease) in contract owners’ equity resulting from operations		(588,594	)	171,593		(152,915	)	72,672		75,215		34,612		(18,275	)	7,702
Equity transactions:
Purchase payments received from contract owners (note 6)		89,483		101,312		95,005		65,806		196,374		91,564		33,530		31,119
Transfers between funds		(2,924,600	)	2,235,487		1,090,051		269,189		346,183		216,373		(425,657	)	253,432
Surrenders (note 6)		(13,683	)	(5,686	)	(5,132	)	(2,288	)	(10,762	)	(3,279	)	(3,488	)	(4,880	)
Net policy repayments (loans) (note 5)		(26,637	)	(39,331	)	20,486		(31,079	)	(28,301	)	(28,410	)	(5,710	)	(2,950	)
Deductions for surrender charges (note 2d)		(2,019	)	(229	)	(2,333	)	(90	)	(1,581	)	(1,005	)	(328	)	(1,044	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(104,259	)	(162,722	)	(103,814	)	(41,783	)	(49,927	)	(43,583	)	(20,292	)	(17,149	)
Asset charges (note 3)		(6,565	)	(8,476	)	(4,368	)	(2,126	)	(3,093	)	(2,228	)	(1,466	)	(1,162	)
Adjustments to maintain reserves		(38	)	30		(12	)	(8	)	34		(5	)	(6	)	—
Net equity transactions		(2,988,318	)	2,120,385		1,089,883		257,621		448,927		229,427		(423,417	)	257,366
Net change in contract owners’ equity		(3,576,912	)	2,291,978		936,968		330,293		524,142		264,039		(441,692	)	265,068
Contract owners’ equity beginning of period		4,128,951		1,836,973		678,173		347,880		523,006		258,967		521,240		256,172
Contract owners’ equity end of period	$	552,039		4,128,951		1,615,141		678,173		1,047,148		523,006		79,548		521,240
CHANGES IN UNITS:
Beginning units		230,052		123,690		38,340		24,328		35,262		19,448		39,338		20,828
Units purchased		5,539		119,367		62,210		20,194		28,256		23,113		4,042		21,238
Units redeemed		(202,611	)	(13,005	)	(9,796	)	(6,182	)	(6,000	)	(7,299	)	(37,370	)	(2,728	)
Ending units		32,980		230,052		90,754		38,340		57,518		35,262		6,010		39,338

(Continued)

30

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RySmCapVal					RyStrDolStr				RyTech				RyTele
	2007			2006		2007		2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	652		1,758		—		103		—		—		421		2,568
Realized gain (loss) on investments		(92,928	)	(21,700	)	(4,283	)	(4,856	)	7,040		18,587		19,437		13,227
Change in unrealized gain (loss) on investments		4,005		(5,238	)	(422	)	(64	)	1,464		1,530		(340	)	367
Reinvested capital gains		46,732		18,406		—		—		—		—		—		2,514
Net increase (decrease) in contract owners’ equity resulting from operations		(41,539	)	(6,774	)	(4,705	)	(4,817	)	8,504		20,117		19,518		18,676
Equity transactions:
Purchase payments received from contract owners (note 6)		16,477		13,254		623		288		13,543		27,403		20,305		1,789
Transfers between funds		(143,203	)	156,026		80,073		17,850		181,825		(56,475	)	(67,837	)	185,194
Surrenders (note 6)		(2,785	)	(839	)	(55	)	(4,967	)	(1,344	)	(263	)	(5,743	)	(502	)
Net policy repayments (loans) (note 5)		6,357		(3,367	)	(4,859	)	(14	)	(7,012	)	(11,899	)	(9,822	)	(10,016	)
Deductions for surrender charges
(note 2d)		(146	)	(1,020	)	—		—		(500	)	(44	)	(1,570	)	(551	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(12,714	)	(12,093	)	(3,406	)	(550	)	(19,171	)	(10,735	)	(17,380	)	(8,496	)
Asset charges (note 3)		(919	)	(844	)	(194	)	(28	)	(1,198	)	(659	)	(1,418	)	(554	)
Adjustments to maintain reserves		8		7		(4	)	5		14		(16	)	4		9
Net equity transactions		(136,925	)	151,124		72,178		12,584		166,157		(52,688	)	(83,461	)	166,873
Net change in contract owners’ equity		(178,464	)	144,350		67,473		7,767		174,661		(32,571	)	(63,943	)	185,549
Contract owners’ equity beginning of period		238,759		94,409		7,767		—		111,148		143,719		223,682		38,133
Contract owners’ equity end of period	$	60,295		238,759		75,240		7,767		285,809		111,148		159,739		223,682
CHANGES IN UNITS:
Beginning units		16,374		7,718		788		—		9,496		13,002		14,842		3,024
Units purchased		2,313		10,252		8,666		1,323		15,066		2,574		2,174		13,236
Units redeemed		(13,495	)	(1,596	)	(888	)	(535	)	(2,440	)	(6,080	)	(7,312	)	(1,418	)
Ending units		5,192		16,374		8,566		788		22,122		9,496		9,704		14,842

(Continued)

31

NATIONWIDE VLI SEPARATE ACCOUNT- 6

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY, Continued

Years Ended December 31, 2007 and 2006

	RyTrans					RyUtil				RyWeakDol
	2007			2006		2007		2006		2007		2006
Investment activity:
Net investment income (loss)	$	—		—		5,129		10,927		72,048		8,526
Realized gain (loss) on investments		(49,228	)	3,669		17,138		36,107		48,446		3,401
Change in unrealized gain (loss) on investments		3,460		(4,426	)	(318	)	(1,454	)	(61,112	)	(4,673	)
Reinvested capital gains		33,496		—		34,603		4,844		—		131
Net increase (decrease) in contract owners’ equity resulting from operations		(12,272	)	(757	)	56,552		50,424		59,382		7,385
Equity transactions:
Purchase payments received from contract owners (note 6)		22,285		30,310		40,135		21,251		8,954		2,912
Transfers between funds		(75,532	)	5,865		(247,628	)	312,047		295,732		214,297
Surrenders (note 6)		(425	)	(751	)	(13,312	)	(6,129	)	(66	)	(38	)
Net policy repayments (loans) (note 5)		(8,154	)	(6,367	)	(30,874	)	(8,472	)	(8,740	)	(2,554	)
Deductions for surrender charges (note 2d)		(61	)	(89	)	(1,016	)	—		—		—
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(7,507	)	(17,468	)	(31,048	)	(18,090	)	(6,699	)	(2,789	)
Asset charges (note 3)		(368	)	(978	)	(1,780	)	(976	)	(934	)	(334	)
Adjustments to maintain reserves		(2	)	20		30		(8	)	(8	)	19
Net equity transactions		(69,764	)	10,542		(285,493	)	299,623		288,239		211,513
Net change in contract owners’ equity		(82,036	)	9,785		(228,941	)	350,047		347,621		218,898
Contract owners’ equity beginning of period		139,820		130,035		486,950		136,903		218,898		—
Contract owners’ equity end of period	$	57,784		139,820		258,009		486,950		566,519		218,898
CHANGES IN UNITS:
Beginning units		9,154		9,142		28,552		9,710		20,884		—
Units purchased		1,698		3,543		3,717		21,652		26,389		21,445
Units redeemed		(6,706	)	(3,531	)	(18,865	)	(2,810	)	(1,515	)	(561	)
Ending units		4,146		9,154		13,404		28,552		45,758		20,884

See accompanying notes to financial statements.

32

NATIONWIDE VLI SEPARATE ACCOUNT-6

NOTES TO FINANCIAL STATEMENTS

December 31, 2007 and 2006

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide 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 VP);

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

American Century VP – Income & Growth Fund – Class III (ACVPIncGr3)

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

American Century VP – Ultra^® Fund – Class III (ACVPUltra3)

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

American Century VP – Value Fund – Class III (ACVPVal3)

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

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

Fidelity^® VIP – Equity-Income Portfolio – Service Class 2 R (FidVIPEIS2R)

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

Fidelity^® VIP – Growth Portfolio – Service Class 2 R (FidVIPGrS2R)

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

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

Fidelity^® VIP II – Contrafund^® Portfolio – Service Class 2 R (FidVIPConS2R)

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

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

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

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

Nationwide VIT – Government Bond Fund – Class III (NVITGvtBd3)

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

Nationwide VIT – Investor Destinations Aggressive Fund – Class VI (NVITIDAgg6)

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

Nationwide VIT – Investor Destinations Conservative Fund – Class VI (NVITIDCon6)

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

Nationwide VIT – Investor Destinations Moderate Fund – Class VI (NVITIDMod6)

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

Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class VI (NVITIDModAg6)

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

Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class VI (NVITIDModCon6)

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

Nationwide VIT – Mid Cap Growth Fund – Class III (NVITMdCpGr3)

(Continued)

33

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

Nationwide VIT – Money Market Fund – Class II (NVITMyMkt2)

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

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

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

(formerly Gartmore GVIT – Small Cap Growth Fund – Class III) (NVITSmCapGr3)

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

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

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

(formerly Gartmore GVIT – Small Cap Value Fund – Class III) (NVITSmCapVal3)

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

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

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

(formerly Gartmore GVIT – Small Company Fund – Class III) (NVITSmComp3)

Nationwide VIT – Nationwide Fund – Class II (NVITNWFund2)

Nationwide VIT – Nationwide Fund – Class III (NVITNWFund3)

Portfolios of the Rydex Variable Trust;

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 Strategy Fund

(formerly Rydex Variable Trust Portfolios – Commodities Fund) (RyCommStr)

Rydex Variable Trust Portfolios – Consumer Products Fund (RyConsProd)

Rydex Variable Trust Portfolios – Dow 2x Strategy Fund

(formerly Rydex Variable Trust Portfolios – Dynamic Dow Fund) (RyDow2x)

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 1.25x Strategy Fund

(formerly Rydex Variable Trust Portfolios – Europe Advantage Fund) (RyEuroStr)

Rydex Variable Trust Portfolios – Financial Services Fund (RyFinSvc)

Rydex Variable Trust Portfolios – Government Long Bond 1.2x Strategy Fund

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

Rydex Variable Trust Portfolios – Health Care Fund (RyHealthC)

Rydex Variable Trust Portfolios – Hedged Equity Fund (RyHedgeEq)

Rydex Variable Trust Portfolios – Internet Fund (RyInternet)

Rydex Variable Trust Portfolios – Inverse Dow 2x Strategy Fund (RyInDow2x)

Rydex Variable Trust Portfolios – Inverse Government Long Bond Strategy Fund

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

Rydex Variable Trust Portfolios – Inverse Mid-Cap Strategy Fund

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

Rydex Variable Trust Portfolios – Inverse OTC Strategy Fund (RyInOTC)

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

Rydex Variable Trust Portfolios – Inverse S&P 500 Strategy Fund

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

Rydex Variable Trust Portfolios – Japan 1.25x Strategy Fund

(formerly Rydex Variable Trust Portfolios – Japan Advantage Fund) (RyJapanStr)

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 1.5x Strategy Fund

(formerly Rydex Variable Trust Portfolios – Mid Cap Advantage Fund) (RyMidCapStr)

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

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

(Continued)

34

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

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

Rydex Variable Trust Portfolios – Nova Fund (RyNova)

Rydex Variable Trust Portfolios – OTC 2x Strategy Fund

(formerly Rydex Variable Trust Portfolios – Dynamic OTC Fund) (RyOTC2x)

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^® 1.5x Strategy Fund

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

Rydex Variable Trust Portfolios – S&P 500 2x Strategy Fund

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

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 – Strengthening Dollar 2x Strategy Fund

(formerly Rydex Variable Trust Portfolios – Dynamic Strengthening Dollar Fund) (RyStrDolStr)

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)

Rydex Variable Trust Portfolios – Weakening Dollar 2x Strategy Fund

(formerly Rydex Variable Trust Portfolios – Dynamic Weakening Dollar Fund) (RyWeakDol)

At December 31, 2007, 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.

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.

(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, 2007 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.

(Continued)

35

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

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

(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, 2007 and 2006, total front-end sales charge deductions were $475,885 and $686,742, 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 each year. 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 $0.50 on the first $25,000 of cash value. During the first through fifteenth years from the policy date, the charge is $0.25 per $1,000 of cash value on amounts between $25,000 and $250,000 of cash value. Otherwise, the charge is $0.17 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. In the event that the guaranteed death benefit exceeds the contract value on the date of death, the excess is paid by the Company’s general account.

(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. The contract is charged 3.9% interest on the outstanding loan.

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 credited 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, 2007 and 2006, total transfers into the Account from the fixed account were $1,193,323 and $567,395, respectively, and total transfers from the Account to the fixed account were $1,563,081 and $5,463,757, 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 four year period ended December 31, 2007 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 VP – Income & Growth Fund – Class II
2007	0.00	%	718	$	15.163917	$	10,888	1.60	%	-0.43	%
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 VP – Income & Growth Fund – Class III
2007	0.00	%	17,228		12.607351		217,199	1.48	%	-0.07	%
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 VP – Ultra® Fund – Class II
2007	0.00	%	1,664		13.942182		23,200	0.00	%	20.84	%
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 VP – Ultra® Fund – Class III
2007	0.00	%	7,520		12.928640		97,223	0.00	%	21.04	%
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 VP – Value Fund – Class II
2007	0.00	%	2,872		14.904082		42,805	1.73	%	-5.31	%
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 VP – Value Fund – Class III
2007	0.00	%	40,622		12.160229		493,973	1.35	%	-5.14	%
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® VIP – Equity-Income Portfolio – Service Class
2004	0.00	%	9,968		12.409671		123,700	0.18	%	11.23	%
Fidelity® VIP – Equity-Income Portfolio – Service Class 2
2007	0.00	%	4,452		15.911679		70,839	1.19	%	1.27	%
2006	0.00	%	8,350		15.711721		131,193	3.01	%	19.93	%
2005	0.00	%	9,668		13.100905		126,660	1.48	%	5.57	%
Fidelity® VIP – Equity-Income Portfolio – Service Class 2 R
2007	0.00	%	24,786		13.343675		330,736	1.76	%	1.27	%
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
Fidelity® VIP – Growth Portfolio – Service Class
2004	0.00	%	3,356		11.053471		37,095	0.11	%	3.12	%
Fidelity® VIP – Growth Portfolio – Service Class 2
2007	0.00	%	1,094		15.741342		17,221	0.51	%	26.66	%
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® VIP – Growth Portfolio – Service Class 2 R
2007	0.00	%	41,960		15.178221		636,878	0.40	%	26.66	%
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

(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***
Fidelity® VIP II – Contrafund ® Portfolio – Service Class
2004	0.00	%	17,268	$	12.622344	$	217,963	0.04	%	15.16	%
Fidelity® VIP II – Contrafund ® Portfolio – Service Class 2
2007	0.00	%	4,758		19.245347		91,569	0.57	%	17.30	%
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® VIP II – Contrafund ® Portfolio – Service Class 2 R
2007	0.00	%	102,134		15.633758		1,596,738	1.01	%	17.30	%
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
Nationwide VIT – Federated High Income Bond Fund – Class III
2007	0.00	%	11,908		11.050073		131,584	5.31	%	3.17	%
2006	0.00	%	5,192		10.710781		55,610	5.76	%	7.11	% 05/01/06
Nationwide VIT – Government Bond Fund – Class I
2007	0.00	%	2,614		12.159545		31,785	4.42	%	7.16	%
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	%
Nationwide VIT – Government Bond Fund – Class III
2007	0.00	%	40,388		11.243704		454,111	4.65	%	7.15	%
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
Nationwide VIT – Investor Destinations Aggressive Fund – Class II
2007	0.00	%	450		15.037103		6,767	1.92	%	5.96	%
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
Nationwide VIT – Investor Destinations Aggressive Fund – Class VI
2007	0.00	%	196,210		13.893242		2,725,993	4.87	%	5.97	%
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
Nationwide VIT – Investor Destinations Conservative Fund – Class II
2004	0.00	%	232		10.429263		2,420	4.23	%	4.29	% 05/03/04
Nationwide VIT – Investor Destinations Conservative Fund – Class VI
2007	0.00	%	9,988		11.581503		115,676	4.29	%	5.43	%
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
Nationwide VIT – Investor Destinations Moderate Fund – Class II
2007	0.00	%	1,346		13.460367		18,118	2.30	%	5.66	%
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
Nationwide VIT – Investor Destinations Moderate Fund – Class VI
2007	0.00	%	44,914		12.682135		569,605	3.04	%	5.70	%
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
Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class II
2007	0.00	%	3,506		14.442614		50,636	2.07	%	6.15	%
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
Nationwide VIT – Investor Destinations Moderately Aggressive Fund – Class VI
2007	0.00	%	85,062		13.406873		1,140,415	3.02	%	6.16	%
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

(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***
Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class II
2007	0.00	%	212	$	12.780655	$	2,709	3.05	%	5.86	%
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
Nationwide VIT – Investor Destinations Moderately Conservative Fund – Class VI
2007	0.00	%	19,792		12.108905		239,659	3.59	%	5.82	%
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
Nationwide VIT – Mid Cap Growth Fund – Class I
2007	0.00	%	262		16.184105		4,240	0.00	%	9.01	%
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	%
Nationwide VIT – Mid Cap Growth Fund – Class III
2007	0.00	%	1,992		14.052648		27,993	0.00	%	8.97	%
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
Nationwide VIT – Money Market Fund – Class II
2007	0.00	%	1,962,104		11.148704		21,874,917	3.81	%	4.25	%
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
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class II
2007	0.00	%	192		14.165991		2,720	0.00	%	9.50	%
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	%
Nationwide VIT – Multi-Manager Small Cap Growth Fund – Class III
2007	0.00	%	844		13.619779		11,495	0.00	%	9.81	%
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
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class I
2004	0.00	%	1,850		13.422532		24,832	0.00	%	17.00	%
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class II
2007	0.00	%	238		14.986718		3,567	0.97	%	-7.23	%
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	%
Nationwide VIT – Multi-Manager Small Cap Value Fund – Class III
2007	0.00	%	1,882		12.505138		23,535	1.15	%	-6.92	%
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
Nationwide VIT – Multi-Manager Small Company Fund – Class I
2004	0.00	%	2,002		13.021653		26,069	0.00	%	18.78	%
Nationwide VIT – Multi-Manager Small Company Fund – Class II
2007	0.00	%	1,648		16.607844		27,370	0.00	%	1.89	%
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	%
Nationwide VIT – Multi-Manager Small Company Fund – Class III
2007	0.00	%	4,660		13.381102		62,356	0.02	%	2.11	%
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

(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***
Nationwide VIT – Nationwide Fund – Class II
2007	0.00	%	850	$	15.531959	$	13,202	0.83	%	7.89	%
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	%
Nationwide VIT – Nationwide Fund – Class III
2007	0.00	%	1,890		13.657504		25,813	1.76	%	8.22	%
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
Rydex Variable Trust Portfolios – Absolute Return Strategies Fund
2007	0.00	%	25,526		10.691335		272,907	2.15	%	3.84	%
2006	0.00	%	34,066		10.296439		350,758	1.53	%	2.96	% 05/01/06
Rydex Variable Trust Portfolios – Banking Fund
2007	0.00	%	2,542		10.204559		25,940	1.72	%	-27.08	%
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
2007	0.00	%	29,380		24.039646		706,285	0.14	%	33.97	%
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
2007	0.00	%	15,098		11.653173		175,940	0.00	%	4.40	%
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 Strategy Fund
2007	0.00	%	33,836		10.025298		339,216	0.00	%	31.02	%
2006	0.00	%	7,690		7.651770		58,842	0.00	%	-23.48	% 05/01/06
Rydex Variable Trust Portfolios – Consumer Products Fund
2007	0.00	%	17,676		15.982190		282,501	2.69	%	11.08	%
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 – Dow 2x Strategy Fund
2007	0.00	%	53,504		14.755247		789,465	1.17	%	8.15	%
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 – Electronics Fund
2007	0.00	%	4,126		8.679366		35,811	0.00	%	-2.50	%
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
2007	0.00	%	34,604		30.901881		1,069,329	0.00	%	33.22	%
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
2007	0.00	%	34,200		31.405533		1,074,069	0.00	%	37.10	%
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	%

(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 – Europe 1.25x Strategy Fund
2007	0.00	%	52,820	$	23.131559	$	1,221,809	2.46	%	13.06	%
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
2007	0.00	%	7,612		12.662369		96,386	1.72	%	-18.80	%
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 1.2x Strategy Fund
2007	0.00	%	35,794		12.881083		461,065	8.75	%	9.74	%
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
2007	0.00	%	15,064		14.009933		211,046	0.00	%	6.02	%
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
2007	0.00	%	24,228		10.542773		255,430	3.57	%	3.16	%
2006	0.00	%	18,870		10.220049		192,852	2.17	%	2.20	% 05/01/06
Rydex Variable Trust Portfolios – Internet Fund
2007	0.00	%	4,208		15.896277		66,892	0.00	%	10.39	%
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 Dow 2x Strategy Fund
2007	0.00	%	202,906		6.406198		1,299,856	0.65	%	-8.99	%
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 Strategy Fund
2007	0.00	%	20,956		8.071965		169,156	5.19	%	-4.51	%
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 Strategy Fund
2007	0.00	%	20,476		7.623663		156,102	3.24	%	-1.98	%
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 Strategy Fund
2007	0.00	%	43,324		7.115591		308,276	2.13	%	-11.28	%
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® Strategy Fund
2007	0.00	%	33,112		7.702478		255,044	3.78	%	5.37	%
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

(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 – Inverse S&P 500 Strategy Fund
2007	0.00	%	60,634	$	7.599743	$	460,803	2.23	%	0.83	%
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	%
Rydex Variable Trust Portfolios – Japan 1.25x Strategy Fund
2007	0.00	%	16,262		13.438383		218,535	1.89	%	-11.23	%
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
2007	0.00	%	25,586		11.734222		300,232	0.00	%	4.91	%
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
2007	0.00	%	10,646		13.049584		138,926	0.66	%	-5.37	%
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
2007	0.00	%	1,742		15.779861		27,489	0.00	%	-2.54	%
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 1.5x Strategy Fund
2007	0.00	%	29,858		18.207116		543,628	1.40	%	3.60	%
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
2007	0.00	%	46,060		13.528764		623,135	0.00	%	8.45	%
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
2007	0.00	%	8,884		13.901532		123,501	1.19	%	-4.85	%
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
2007	0.00	%	2,278		10.048001		22,889	0.40	%	-5.26	%
2006	0.00	%	1,818		10.606110		19,282	0.05	%	6.06	% 05/01/06
Rydex Variable Trust Portfolios – Nova Fund
2007	0.00	%	44,842		16.294539		730,680	1.59	%	1.13	%
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 2x Strategy Fund
2007	0.00	%	180,778		16.790237		3,035,305	0.39	%	28.20	%
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 – OTC Fund
2007	0.00	%	316,054		14.718309		4,651,780	0.06	%	17.82	%
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	%

(Continued)

44

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 – Precious Metals Fund
2007	0.00	%	98,254	$	18.660048	$	1,833,424	0.00	%	19.55	%
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
2007	0.00	%	8,272		16.268963		134,577	1.30	%	-19.12	%
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
2007	0.00	%	152		11.251641		1,710	0.00	%	-12.60	%
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® 1.5x Strategy Fund
2007	0.00	%	32,980		16.738584		552,039	1.48	%	-6.74	%
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 – S&P 500 2x Strategy Fund
2007	0.00	%	90,754		17.796913		1,615,141	1.40	%	0.61	%
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 – Sector Rotation Fund
2007	0.00	%	57,518		18.205576		1,047,148	0.00	%	22.75	%
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	%
Rydex Variable Trust Portfolios – Small-Cap Growth Fund
2007	0.00	%	6,010		13.235997		79,548	0.00	%	-0.11	%
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
2007	0.00	%	5,192		11.613051		60,295	0.36	%	-20.36	%
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 – Strengthening Dollar 2x Strategy Fund
2007	0.00	%	8,566		8.783542		75,240	0.00	%	-10.89	%
2006	0.00	%	788		9.856941		7,767	0.89	%	-1.43	% 05/01/06
Rydex Variable Trust Portfolios – Technology Fund
2007	0.00	%	22,122		12.919655		285,809	0.00	%	10.38	%
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
2007	0.00	%	9,704		16.461176		159,739	0.12	%	9.23	%
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	%

(Continued)

45

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 – Transportation Fund
2007	0.00	%	4,146	$	13.937206	$	57,784	0.00	%	-8.75	%
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
2007	0.00	%	13,404		19.248677		258,009	1.13	%	12.86	%
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	%
Rydex Variable Trust Portfolios – Weakening Dollar 2x Strategy Fund
2007	0.00	%	45,758		12.380762		566,519	20.29	%	18.12	%
2006	0.00	%	20,884		10.481591		218,898	4.51	%	4.82	% 05/01/06
Contract Owners’ Equity Total By Year
2007						$	58,069,945
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, such as mortality and expense charges or cost of insurance charges, 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.

46

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, 2007, and the related statements of operations and changes in contract owners’ equity, and the financial highlights for each of the periods indicated herein. These financial statements and financial highlights are the responsibility of the Accounts’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

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

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

/s/ KPMG LLP

Columbus, Ohio

March 18, 2008

47

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