NATIONWIDE

VARIABLE

ACCOUNT

Annual Report

to

Contract Owners

December 31, 2015

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life Insurance Company and Subsidiaries and

Contract Owners of Nationwide Variable Account:

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of Nationwide Variable Account (comprised of the sub-accounts listed in note 1(b), (collectively, “the Accounts”)) as of December 31, 2015, and the related statements of operations for the period then ended, the statements of changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended. 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 audit 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, 2015, by correspondence with the transfer agents of the underlying mutual funds or by other appropriate auditing procedures. 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, 2015, the results of their operations for the period then ended, the changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP

Columbus, Ohio

March 16, 2016

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2015

Assets:
Investments at fair value:
Equity and Income Fund - Class A (VKEIA)
31,321 shares (cost $297,339)	$	301,310
Growth and Income Fund - Class A (VKGIA)
41,822 shares (cost $925,235)		985,743
Invesco Mid Cap Growth Fund - Class A (VKGA)
140,657 shares (cost $4,849,215)		4,831,574
Aberdeen Small Cap Fund - Class A (PRSCA)
85,320 shares (cost $1,538,765)		2,284,867
Global Fixed Income Fund - Institutional Service Class (ADGFIS)
44,185 shares (cost $458,998)		408,713
U.S. Equity Fund - Institutional Service Class (ADUES)
113,144 shares (cost $1,102,358)		1,378,094
International Growth Fund: Class A (TCIGA)
5,253 shares (cost $55,960)		60,299
International Growth Fund - Investor Class (TCIGR)
34,964 shares (cost $364,711)		397,889
Growth Fund - Investor Class (TCG)
189,287 shares (cost $4,924,335)		5,313,274
Income & Growth Fund - Class A (ACIGA)
46,745 shares (cost $1,274,259)		1,526,216
Income & Growth Fund - Investor Class (IGF)
95,709 shares (cost $2,761,515)		3,128,714
Short-Term Government Fund - Investor Class (BSTG)
124,236 shares (cost $1,210,596)		1,192,669
Ultra(R) Fund - Investor Class (TCUL)
202,433 shares (cost $5,367,852)		7,089,217
High-Yield Opportunities Fund - Institutional Class (DWHYOI)
229,172 shares (cost $965,294)		811,271
Appreciation Fund, Inc. (DAF)
64,735 shares (cost $2,631,279)		2,586,807
Balanced Opportunity Fund - Class Z (DPBOZ)
37,531 shares (cost $637,927)		737,111
Dreyfus S&P 500 Index Fund (DSPI)
238,816 shares (cost $9,487,667)		11,570,627
Intermediate Term Income Fund - Class A (DPITIA)
111,812 shares (cost $1,542,136)		1,485,981
Opportunistic Small Cap Fund (DROSC)
3,882 shares (cost $125,660)		111,324
Third Century Fund, Inc. - Class Z (DTC)
48,198 shares (cost $636,288)		576,926
Bond Fund - Class F Shares (FBDF)
183,470 shares (cost $1,740,448)		1,614,537
Equity Income Fund, Inc. - Class F Shares (FEQIF)
1,493 shares (cost $30,381)		32,686
High Yield Trust (FHYT)
290,389 shares (cost $1,930,178)		1,788,796

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2015

Intermediate Corporate Bond Fund - Service Shares (FIIF)
32,479 shares (cost $311,326)	297,181
Advisor Balanced Fund - Class A (FABA)
4,654 shares (cost $72,127)	84,754
Advisor Balanced Fund - Class T (FAB)
91,146 shares (cost $1,531,980)	1,677,092
Advisor Equity Growth Fund - Class A (FAEGA)
8,898 shares (cost $480,705)	858,257
Advisor Equity Income Fund - Class A (FAEIA)
65,447 shares (cost $1,554,988)	1,860,008
Advisor Equity Income Fund - Class T (FAEI)
54,979 shares (cost $1,394,374)	1,592,740
Advisor Growth Opportunities Fund - Class A (FAGOA)
9,379 shares (cost $375,198)	559,858
Advisor Growth Opportunities Fund - Class T (FAGO)
44,627 shares (cost $1,940,651)	2,658,008
Advisor High Income Advantage Fund - Class T (FAHY)
52,159 shares (cost $471,833)	518,463
Advisor Overseas Fund - Class A (FAOA)
37 shares (cost $604)	783
Asset Manager 50% (FAM)
81,706 shares (cost $1,257,491)	1,310,572
Balance Sheet Investment Fund - Class A (FRBSI)
38,470 shares (cost $1,614,923)	1,284,508
Foreign Fund - Class A (TFF)
129,523 shares (cost $664,596)	826,359
Mutual Series Funds - Mutual Shares Fund - Class A (TMSF)
148,226 shares (cost $3,202,307)	3,821,268
Small-Mid Cap Growth Fund - Class A (FSCG)
32,034 shares (cost $1,037,318)	1,034,704
Real Estate Fund - Class A (AREA)
43,605 shares (cost $1,058,918)	997,691
Small Cap Growth Fund - Investor Class (ASCGI)
18,476 shares (cost $692,370)	617,084
Balanced Fund: Class S (JBS)
41,561 shares (cost $1,155,877)	1,201,515
Class T (JF)
110,041 shares (cost $3,265,988)	3,856,946
Overseas Fund: Class S (JOS)
2,664 shares (cost $94,657)	73,353
Twenty Fund: Class T (JTF)
271,348 shares (cost $16,089,395)	14,880,716
Global Research Fund - Class T (JWF)
27,745 shares (cost $1,062,761)	1,713,797
Global Research Fund - Class S (JWS)
4,721 shares (cost $212,589)	295,863
U.S. Small-Mid Cap Equity Portfolio - Open Shares (LSC)
264,818 shares (cost $3,665,150)	3,220,182
MFS Strategic Income Fund - Class A (MSI)
183,853 shares (cost $1,231,834)	1,145,406

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2015

Bond Fund - Institutional Service Class (NBF)
131,853 shares (cost $1,296,643)	1,255,237
Bond Index Fund - Class A (NBIXA)
32,318 shares (cost $372,008)	353,883
Nationwide Fund: Class A (NFA)
47,974 shares (cost $710,708)	1,026,159
Nationwide Fund - Institutional Service Class (NF)
128,114 shares (cost $1,829,665)	2,700,653
Government Bond Fund - Institutional Service Class (NGBF)
211,402 shares (cost $2,210,110)	2,124,594
Nationwide Growth Fund - Institutional Class (NGF)
30,175 shares (cost $237,225)	328,306
International Index Fund - Class A (NIIXA)
468 shares (cost $2,878)	3,459
Investor Destinations Aggressive Fund - Service Class (IDAS)
127,227 shares (cost $1,116,763)	1,249,365
Investor Destinations Conservative Fund - Service Class (IDCS)
62,120 shares (cost $640,572)	614,371
Investor Destinations Moderate Fund - Service Class (IDMS)
387,050 shares (cost $3,542,219)	3,754,386
Investor Destinations Moderately Aggressive Fund - Service Class (IDMAS)
298,443 shares (cost $2,709,127)	2,999,353
Investor Destinations Moderately Conservative Fund - Service Class (IDMCS)
101,719 shares (cost $1,036,919)	1,003,964
Mid Cap Market Index Fund - Class A (NMCIXA)
52,032 shares (cost $828,348)	827,305
Money Market Fund - Prime Shares (MMF)
5,654,944 shares (cost $5,654,944)	5,654,944
Money Market Fund - Service Class (MMFR)
3,018,535 shares (cost $3,018,535)	3,018,535
Nationwide Growth Fund - Class A (NGFA)
71,955 shares (cost $765,359)	748,337
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
118,008 shares (cost $1,236,511)	1,488,086
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
72,536 shares (cost $759,009)	719,559
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
226,617 shares (cost $2,666,423)	2,841,775
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
252,663 shares (cost $2,875,671)	3,357,886
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
76,339 shares (cost $848,917)	845,841
NVIT Multi-Manager International Growth Fund - Class VI (NVMIG6)
26,951 shares (cost $298,974)	275,983
S&P 500 Index Fund - Service Class (NIXR)
243,429 shares (cost $3,002,592)	3,308,194
Small Cap Index Fund - Class A (NSCIXA)
36,593 shares (cost $433,456)	461,436
Templeton NVIT International Value Fund - Class III (NVTIV3)
28,280 shares (cost $377,438)	307,688

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2015

Genesis Fund - Trust Class (NBGST)
132,510 shares (cost $6,381,406)	7,121,095
Guardian Fund - Investor Class (NBGF)
89,211 shares (cost $1,313,477)	1,378,311
Guardian Fund - Trust Class (NBGT)
14,809 shares (cost $170,433)	152,528
Large Cap Value Fund: Investor Class (PF)
95,930 shares (cost $2,470,972)	2,316,704
Large Cap Value Fund: Trust Class (NBPT)
6,114 shares (cost $123,560)	96,176
Short Duration Bond Fund - Investor Class (NLMB)
62,180 shares (cost $495,944)	487,494
Socially Responsive Fund - Trust Class (NBSRT)
68,517 shares (cost $1,350,020)	1,310,739
Capital Appreciation Fund- Class A (OCAF)
19,872 shares (cost $882,601)	1,071,506
Global Fund- Class A (OGF)
50,514 shares (cost $3,102,052)	3,794,619
Global Strategic Income Fund - Class A (OSI)
132,619 shares (cost $566,161)	502,624
PIMCO Total Return Fund - Class A (PMTRA)
193,475 shares (cost $2,125,558)	1,948,295
VP International Fund - Class II (ACVI2)
109,943 shares (cost $1,176,313)	1,099,428
Capital & Income Fund (FCI)
30,556 shares (cost $265,312)	279,586
Equity-Income Fund (FEI)
109,522 shares (cost $5,486,670)	5,594,369
High Income Portfolio - Initial Class (FHIP)
506 shares (cost $2,792)	2,504
Magellan(R) Fund (FMG)
84,413 shares (cost $7,290,623)	7,549,093
Puritan Fund (FPR)
290,066 shares (cost $5,618,434)	5,897,041
VIP Overseas Portfolio - Service Class 2 (FO2)
110,161 shares (cost $2,208,437)	2,083,141
Templeton Foreign Securities Fund - Class 2 (TIF2)
154,211 shares (cost $2,621,491)	2,035,591
Global Securities Fund/VA - Service Class (OVGSS)
125,635 shares (cost $5,074,224)	4,722,615
Putnam Voyager Fund: Class A (PVF)
2,723 shares (cost $80,342)	73,145
Putnam International Equity Fund - Class A (PUIGA)
217 shares (cost $4,900)	4,773
Virtus Balanced Fund: Class A (PBF)
74,840 shares (cost $1,080,215)	1,022,308
Advisors Small Cap Fund - Class A (WRASCA)
23,515 shares (cost $391,318)	333,920
Advantage Funds(R) - Common Stock Fund - Class A (SACSA)
105,350 shares (cost $2,382,261)	2,084,872

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2015

Advantage Funds(R) - Enterprise Fund - Class A (WFENAD)
3,027 shares (cost $131,511)		121,508
Advantage Funds(R) - Growth Fund - Class A (SGRA)
24,721 shares (cost $1,126,736)		1,006,372
Advantage - Large Cap Core - Class A (WFLCCA)
8,101 shares (cost $126,351)		122,643
Advantage Large Cap Growth Fund - Class A (WFLGA)
49,192 shares (cost $2,397,504)		2,250,513
Advantage Intrinsic Value Fund - Administrative Class (WFAIVD)
62,615 shares (cost $756,248)		762,649
Total Investments	$	195,097,214
Other Accounts Payable		(2,051	)
Accounts Payable - Advisor Overseas Fund - Class A (FAOA)		(11	)
	$	195,095,152
Contract Owners’ Equity:
Accumulation units		195,093,976
Contracts in payout (annuitization) period (note 1f)		1,176
Total Contract Owners’ Equity (note 5)	$	195,095,152

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	Total			VKEIA			VKGIA			VKGA			PRSCA			ADGFIS			ADUES			TCIGA
Reinvested dividends	$	2,491,127			6,994			15,708			-			-			1,419			13,815			190
Mortality and expense risk charges (note 2)		(2,674,551	)		(4,252	)		(12,992	)		(61,711	)		(22,620	)		(5,870	)		(19,705	)		(889	)
Net investment income (loss)		(183,424	)		2,742			2,716			(61,711	)		(22,620	)		(4,451	)		(5,890	)		(699	)
Realized gain (loss) on investments		7,374,669			4,031			57,814			62,576			181,864			(7,221	)		90,745			4,594
Change in unrealized gain (loss) on investments		(20,775,337	)		(26,955	)		(172,779	)		(341,422	)		3,828			(15,981	)		(222,747	)		(7,642	)
Net gain (loss) on investments		(13,400,668	)		(22,924	)		(114,965	)		(278,846	)		185,692			(23,202	)		(132,002	)		(3,048	)
Reinvested capital gains		11,764,935			8,142			66,305			361,096			-			-			65,606			3,224
Net increase (decrease) in contract owners’ equity resulting from operations	$	(1,819,157	)		(12,040	)		(45,944	)		20,539			163,072			(27,653	)		(72,286	)		(523	)
Investment Activity:	TCIGR			TCG			ACIGA			IGF			BSTG			TCUL			DWHYOI			DAF
Reinvested dividends	$	2,064			18,027			32,021			71,109			7,228			15,874			56,194			46,036
Mortality and expense risk charges (note 2)		(6,142	)		(73,261	)		(19,952	)		(43,173	)		(17,259	)		(92,090	)		(11,890	)		(35,361	)
Net investment income (loss)		(4,078	)		(55,234	)		12,069			27,936			(10,031	)		(76,216	)		44,304			10,675
Realized gain (loss) on investments		31,226			199,321			5,440			38,112			(4,680	)		195,143			(6,571	)		118,884
Change in unrealized gain (loss) on investments		(50,140	)		(307,333	)		(237,237	)		(501,263	)		(559	)		(115,055	)		(106,191	)		(840,203	)
Net gain (loss) on investments		(18,914	)		(108,012	)		(231,797	)		(463,151	)		(5,239	)		80,088			(112,762	)		(721,319	)
Reinvested capital gains		21,651			338,827			97,194			198,611			-			349,977			-			606,399
Net increase (decrease) in contract owners’ equity resulting from operations	$	(1,341	)		175,581			(122,534	)		(236,604	)		(15,270	)		353,849			(68,458	)		(104,245	)

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	DPBOZ			DSPI			DPITIA			DROSC			DTC			FBDF			FEQIF			FHYT
Reinvested dividends	$	7,888			192,941			33,183			382			5,492			76,424			593			136,614
Mortality and expense risk charges (note 2)		(10,041	)		(158,278	)		(19,328	)		(1,530	)		(8,587	)		(23,560	)		(427	)		(33,712	)
Net investment income (loss)		(2,153	)		34,663			13,855			(1,148	)		(3,095	)		52,864			166			102,902
Realized gain (loss) on investments		21,229			409,560			73,173			(17,968	)		112,386			(1,743	)		552			86,316
Change in unrealized gain (loss) on investments		(66,297	)		(1,127,567	)		(138,956	)		5,045			(201,113	)		(126,829	)		(3,386	)		(295,599	)
Net gain (loss) on investments		(45,068	)		(718,007	)		(65,783	)		(12,923	)		(88,727	)		(128,572	)		(2,834	)		(209,283	)
Reinvested capital gains		34,555			647,072			12,637			3,997			71,411			17,535			332			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(12,666	)		(36,272	)		(39,291	)		(10,074	)		(20,411	)		(58,173	)		(2,336	)		(106,381	)
Investment Activity:	FIIF			FABA			FAB			FAEGA			FAEIA			FAEI			FAGOA			FAGO
Reinvested dividends	$	20,780			1,240			15,699			-			58,812			44,663			-			-
Mortality and expense risk charges (note 2)		(7,054	)		(1,482	)		(23,881	)		(10,576	)		(25,540	)		(21,880	)		(7,313	)		(35,799	)
Net investment income (loss)		13,726			(242	)		(8,182	)		(10,576	)		33,272			22,783			(7,313	)		(35,799	)
Realized gain (loss) on investments		(23,696	)		11,032			41,619			21,372			14,358			13,797			83,149			152,112
Change in unrealized gain (loss) on investments		4,230			(16,474	)		(126,892	)		14,216			(287,748	)		(243,644	)		(110,693	)		(296,393	)
Net gain (loss) on investments		(19,466	)		(5,442	)		(85,273	)		35,588			(273,390	)		(229,847	)		(27,544	)		(144,281	)
Reinvested capital gains		366			3,231			64,735			19,886			126,949			107,138			56,118			268,327
Net increase (decrease) in contract owners’ equity resulting from operations	$	(5,374	)		(2,453	)		(28,720	)		44,898			(113,169	)		(99,926	)		21,261			88,247

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	FAHY			FAOA			FAM			FRBSI			TFF			TMSF			FSCG			AREA
Reinvested dividends	$	26,740			3			25,675			9,205			11,676			71,201			-			10,585
Mortality and expense risk charges (note 2)		(7,372	)		(7	)		(18,987	)		(18,633	)		(12,285	)		(54,236	)		(13,810	)		(11,173	)
Net investment income (loss)		19,368			(4	)		6,688			(9,428	)		(609	)		16,965			(13,810	)		(588	)
Realized gain (loss) on investments		9,199			35			10,110			(1,307	)		61,926			45,337			11,735			18,511
Change in unrealized gain (loss) on investments		(50,160	)		(9	)		(88,191	)		(346,051	)		(133,069	)		(529,338	)		(126,937	)		(127,955	)
Net gain (loss) on investments		(40,961	)		26			(78,081	)		(347,358	)		(71,143	)		(484,001	)		(115,202	)		(109,444	)
Reinvested capital gains		-			-			48,350			190,028			435			247,119			91,846			135,006
Net increase (decrease) in contract owners’ equity resulting from operations	$	(21,593	)		22			(23,043	)		(166,758	)		(71,317	)		(219,917	)		(37,166	)		24,974
Investment Activity:	ASCGI			JBS			JF			JOS			JTF			JWF			JWS			LSC
Reinvested dividends	$	-			15,283			59,328			2,879			69,635			12,695			1,883			343
Mortality and expense risk charges (note 2)		(7,276	)		(14,441	)		(53,389	)		(1,093	)		(200,006	)		(25,105	)		(3,878	)		(42,729	)
Net investment income (loss)		(7,276	)		842			5,939			1,786			(130,371	)		(12,410	)		(1,995	)		(42,386	)
Realized gain (loss) on investments		44,923			20,732			308,907			(1,868	)		561,587			124,094			10,850			3,909
Change in unrealized gain (loss) on investments		(123,599	)		(85,602	)		(487,183	)		(7,396	)		(1,416,104	)		(170,227	)		(21,973	)		(326,191	)
Net gain (loss) on investments		(78,676	)		(64,870	)		(178,276	)		(9,264	)		(854,517	)		(46,133	)		(11,123	)		(322,282	)
Reinvested capital gains		54,522			52,520			334,979			-			1,523,437			-			-			220,275
Net increase (decrease) in contract owners’ equity resulting from operations	$	(31,430	)		(11,508	)		162,642			(7,478	)		538,549			(58,543	)		(13,118	)		(144,393	)

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	MSI			NBF			NBIXA			NFA			NF			NGBF			NGF			NIIXA
Reinvested dividends	$	47,818			33,111			6,466			10,810			35,062			37,220			1,449			82
Mortality and expense risk charges (note 2)		(16,360	)		(17,110	)		(4,658	)		(13,994	)		(37,272	)		(28,788	)		(4,382	)		(37	)
Net investment income (loss)		31,458			16,001			1,808			(3,184	)		(2,210	)		8,432			(2,933	)		45
Realized gain (loss) on investments		(4,487	)		12,968			(318	)		54,067			197,093			(20,135	)		20,289			11
Change in unrealized gain (loss) on investments		(67,647	)		(44,309	)		(8,484	)		(81,249	)		(263,282	)		(19,948	)		(18,159	)		(164	)
Net gain (loss) on investments		(72,134	)		(31,341	)		(8,802	)		(27,182	)		(66,189	)		(40,083	)		2,130			(153	)
Reinvested capital gains		-			-			2,015			25,047			66,965			953			14,151			31
Net increase (decrease) in contract owners’ equity resulting from operations	$	(40,676	)		(15,340	)		(4,979	)		(5,319	)		(1,434	)		(30,698	)		13,348			(77	)
Investment Activity:	IDAS			IDCS			IDMS			IDMAS			IDMCS			NMCIXA			MMF			MMFR
Reinvested dividends	$	19,522			9,754			56,720			45,839			16,023			7,656			-			-
Mortality and expense risk charges (note 2)		(17,358	)		(7,707	)		(51,452	)		(40,854	)		(13,502	)		(10,902	)		(85,263	)		(36,150	)
Net investment income (loss)		2,164			2,047			5,268			4,985			2,521			(3,246	)		(85,263	)		(36,150	)
Realized gain (loss) on investments		91,114			5,320			11,017			240,513			20,925			41,560			-			-
Change in unrealized gain (loss) on investments		(219,549	)		(23,465	)		(398,974	)		(548,243	)		(74,875	)		(164,941	)		-			-
Net gain (loss) on investments		(128,435	)		(18,145	)		(387,957	)		(307,730	)		(53,950	)		(123,381	)		-			-
Reinvested capital gains		76,513			7,910			269,953			193,744			32,250			94,401			151			82
Net increase (decrease) in contract owners’ equity resulting from operations	$	(49,758	)		(8,188	)		(112,736	)		(109,001	)		(19,179	)		(32,226	)		(85,112	)		(36,068	)

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	NGFA			GVIDA			GVIDC			GVIDM			GVDMA			GVDMC			NVMIG6			NIXR
Reinvested dividends	$	1,580			21,736			12,571			48,047			51,376			15,173			370			61,924
Mortality and expense risk charges (note 2)		(9,498	)		(20,977	)		(8,613	)		(41,699	)		(46,526	)		(12,261	)		(3,465	)		(43,482	)
Net investment income (loss)		(7,918	)		759			3,958			6,348			4,850			2,912			(3,095	)		18,442
Realized gain (loss) on investments		39,159			168,548			(251	)		123,721			169,904			28,637			6,668			153,295
Change in unrealized gain (loss) on investments		(42,528	)		(193,511	)		(34,181	)		(310,658	)		(317,615	)		(90,280	)		(27,013	)		(493,743	)
Net gain (loss) on investments		(3,369	)		(24,963	)		(34,432	)		(186,937	)		(147,711	)		(61,643	)		(20,345	)		(340,448	)
Reinvested capital gains		33,864			-			23,124			132,768			69,169			46,705			16,545			306,683
Net increase (decrease) in contract owners’ equity resulting from operations	$	22,577			(24,204	)		(7,350	)		(47,821	)		(73,692	)		(12,026	)		(6,895	)		(15,323	)
Investment Activity:	NSCIXA			NVTIV3			NBGST			NBGF			NBGT			PF			NBPT			NLMB
Reinvested dividends	$	4,534			5,992			4,056			9,723			1,122			27,097			1,525			5,518
Mortality and expense risk charges (note 2)		(6,211	)		(3,861	)		(98,449	)		(20,278	)		(2,035	)		(35,047	)		(1,386	)		(7,032	)
Net investment income (loss)		(1,677	)		2,131			(94,393	)		(10,555	)		(913	)		(7,950	)		139			(1,514	)
Realized gain (loss) on investments		36,428			(279	)		323,554			(4,224	)		(7,501	)		(44,476	)		(1,330	)		424
Change in unrealized gain (loss) on investments		(111,520	)		(33,651	)		(956,187	)		(228,805	)		(24,546	)		(499,546	)		(25,181	)		(4,441	)
Net gain (loss) on investments		(75,092	)		(33,930	)		(632,633	)		(233,029	)		(32,047	)		(544,022	)		(26,511	)		(4,017	)
Reinvested capital gains		47,491			13,818			657,759			149,613			23,146			179,317			10,919			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(29,278	)		(17,981	)		(69,267	)		(93,971	)		(9,814	)		(372,655	)		(15,453	)		(5,531	)

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	NBSRT			OCAF			OGF			OSI			PMTRA			ACVI2			FCI			FEI
Reinvested dividends	$	14,308			-			25,072			23,286			53,370			-			13,306			207,581
Mortality and expense risk charges (note 2)		(18,067	)		(13,669	)		(52,959	)		(6,864	)		(26,789	)		(5,938	)		(4,237	)		(77,544	)
Net investment income (loss)		(3,759	)		(13,669	)		(27,887	)		16,422			26,581			(5,938	)		9,069			130,037
Realized gain (loss) on investments		84,803			73,506			143,776			(7,724	)		(24,163	)		(3,040	)		9,060			(11,468	)
Change in unrealized gain (loss) on investments		(227,054	)		(169,363	)		(152,615	)		(27,828	)		(85,992	)		(76,885	)		(25,369	)		(837,335	)
Net gain (loss) on investments		(142,251	)		(95,857	)		(8,839	)		(35,552	)		(110,155	)		(79,925	)		(16,309	)		(848,803	)
Reinvested capital gains		124,071			131,078			162,136			-			67,232			-			1,996			434,298
Net increase (decrease) in contract owners’ equity resulting from operations	$	(21,939	)		21,552			125,410			(19,130	)		(16,342	)		(85,863	)		(5,244	)		(284,468	)
Investment Activity:	FHIP			FMG			FPR			FO2			TIF2			OVGSS			PVF			PUIGA
Reinvested dividends	$	176			44,115			127,992			23,529			74,878			53,797			855			125
Mortality and expense risk charges (note 2)		(33	)		(103,186	)		(79,892	)		(17,039	)		(29,802	)		(65,499	)		(1,800	)		(71	)
Net investment income (loss)		143			(59,071	)		48,100			6,490			45,076			(11,702	)		(945	)		54
Realized gain (loss) on investments		1			(11,009	)		50,772			(5,401	)		(87,009	)		(14,073	)		27,165			8
Change in unrealized gain (loss) on investments		(270	)		(241,460	)		(375,140	)		(125,296	)		(206,186	)		(184,871	)		(41,166	)		(123	)
Net gain (loss) on investments		(269	)		(252,469	)		(324,368	)		(130,697	)		(293,195	)		(198,944	)		(14,001	)		(115	)
Reinvested capital gains		-			530,454			302,675			2,082			76,479			331,412			3,408			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(126	)		218,914			26,407			(122,125	)		(171,640	)		120,766			(11,538	)		(61	)

NATIONWIDE VARIABLE ACCOUNT

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	PBF			WRASCA			SACSA			WFENAD			SGRA			WFLCCA			WFLGA			WFAIVD
Reinvested dividends	$	18,538			-			-			-			-			373			30			8,880
Mortality and expense risk charges (note 2)		(14,275	)		(5,162	)		(5,230	)		(303	)		(2,215	)		(278	)		(5,649	)		(10,755	)
Net investment income (loss)		4,263			(5,162	)		(5,230	)		(303	)		(2,215	)		95			(5,619	)		(1,875	)
Realized gain (loss) on investments		20,359			48,279			(2,771	)		(482	)		276			10			35			13,113
Change in unrealized gain (loss) on investments		(112,414	)		(88,273	)		(297,389	)		(10,003	)		(120,365	)		(3,708	)		(146,992	)		(103,342	)
Net gain (loss) on investments		(92,055	)		(39,994	)		(300,160	)		(10,485	)		(120,089	)		(3,698	)		(146,957	)		(90,229	)
Reinvested capital gains		32,838			44,631			240,774			9,703			129,621			1,044			118,815			75,263
Net increase (decrease) in contract owners’ equity resulting from operations	$	(54,954	)		(525	)		(64,616	)		(1,085	)		7,317			(2,559	)		(33,761	)		(16,841	)
Investment Activity:	SCS			SE			SGR			WFLCCI			STR			FO2R			ACVI4
Reinvested dividends	$	-			-			-			-			-			-			2,519
Mortality and expense risk charges (note 2)		(24,879	)		(1,524	)		(10,149	)		(1,543	)		(24,937	)		(7,767	)		(9,312	)
Net investment income (loss)		(24,879	)		(1,524	)		(10,149	)		(1,543	)		(24,937	)		(7,767	)		(6,793	)
Realized gain (loss) on investments		374,786			16,095			127,561			28,608			914,855			368,125			381,196
Change in unrealized gain (loss) on investments		(356,934	)		(19,034	)		(110,290	)		(22,143	)		(786,395	)		(202,144	)		(292,499	)
Net gain (loss) on investments		17,852			(2,939	)		17,271			6,465			128,460			165,981			88,697
Reinvested capital gains		-			-			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(7,027	)		(4,463	)		7,122			4,922			103,523			158,214			81,904

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	Total						VKEIA						VKGIA						VKGA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(183,424	)		51,574			2,742			3,909			2,716			7,102			(61,711	)		(59,447	)
Realized gain (loss) on investments		7,374,669			9,451,337			4,031			1,248			57,814			190,546			62,576			146,570
Change in unrealized gain (loss) on investments		(20,775,337	)		(11,469,163	)		(26,955	)		(9,178	)		(172,779	)		(196,996	)		(341,422	)		(198,822	)
Reinvested capital gains		11,764,935			13,321,333			8,142			25,841			66,305			97,698			361,096			405,777
Net increase (decrease) in contract owners’ equity resulting from operations		(1,819,157	)		11,355,081			(12,040	)		21,820			(45,944	)		98,350			20,539			294,078
Equity transactions:
Purchase payments received from contract owners (note 3)		8,910,536			9,317,774			23,044			20,304			27,732			32,578			150,175			159,495
Transfers between funds		-			-			3,999			6,298			(19,156	)		(12,555	)		570,596			(51,777	)
Redemptions (note 3)		(26,338,389	)		(27,649,045	)		(27,085	)		(4,688	)		(104,438	)		(249,723	)		(474,989	)		(764,664	)
Annuity benefits		(363	)		(362	)		-			-			-			-			-			-
Contract maintenance charges (note 2)		(152,917	)		(159,696	)		-			-			-			-			(3,284	)		(3,318	)
Contingent deferred sales charges (note 2)		(35,478	)		(29,238	)		-			-			(484	)		(231	)		(261	)		(195	)
Adjustments to maintain reserves		(1,880	)		(2,107	)		(17	)		(16	)		4			(71	)		(51	)		(421	)
Net equity transactions		(17,618,491	)		(18,522,674	)		(59	)		21,898			(96,342	)		(230,002	)		242,186			(660,880	)
Net change in contract owners’ equity		(19,437,648	)		(7,167,593	)		(12,099	)		43,718			(142,286	)		(131,652	)		262,725			(366,802	)
Contract owners’ equity beginning of period		214,532,800			221,700,393			313,379			269,661			1,128,027			1,259,679			4,568,841			4,935,643
Contract owners’ equity end of period	$	195,095,152			214,532,800			301,280			313,379			985,741			1,128,027			4,831,566			4,568,841
CHANGES IN UNITS:
Beginning units		8,861,037			9,218,170			22,800			21,112			44,470			53,893			143,438			165,074
Units purchased		1,820,244			1,858,513			2,332			2,034			2,088			5,489			26,462			11,944
Units redeemed		(1,954,235	)		(2,215,646	)		(2,374	)		(346	)		(5,970	)		(14,912	)		(18,738	)		(33,580	)
Ending units		8,727,046			8,861,037			22,758			22,800			40,588			44,470			151,162			143,438

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	PRSCA						ADGFIS						ADUES						TCIGA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(22,620	)		(20,373	)		(4,451	)		4,663			(5,890	)		(4,516	)		(699	)		(471	)
Realized gain (loss) on investments		181,864			68,209			(7,221	)		531			90,745			85,464			4,594			10,536
Change in unrealized gain (loss) on investments		3,828			36,782			(15,981	)		(18,266	)		(222,747	)		(75,249	)		(7,642	)		(21,015	)
Reinvested capital gains		-			-			-			-			65,606			97,906			3,224			4,380
Net increase (decrease) in contract owners’ equity resulting from operations		163,072			84,618			(27,653	)		(13,072	)		(72,286	)		103,605			(523	)		(6,570	)
Equity transactions:
Purchase payments received from contract owners (note 3)		85,774			45,766			23,276			30,257			45,211			76,851			-			-
Transfers between funds		897,581			21,213			(40,323	)		(25,108	)		(47,413	)		(45,905	)		-			-
Redemptions (note 3)		(506,776	)		(141,359	)		(37,194	)		(64,811	)		(204,209	)		(199,763	)		(12,280	)		(25,604	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(1,069	)		(1,095	)		(460	)		(603	)		(1,406	)		(1,490	)		-			-
Contingent deferred sales charges (note 2)		(179	)		(12	)		-			(54	)		-			(28	)		-			-
Adjustments to maintain reserves		(2	)		(58	)		1			(8	)		(19	)		(9	)		(4	)		(16	)
Net equity transactions		475,329			(75,545	)		(54,700	)		(60,327	)		(207,836	)		(170,344	)		(12,284	)		(25,620	)
Net change in contract owners’ equity		638,401			9,073			(82,353	)		(73,399	)		(280,122	)		(66,739	)		(12,807	)		(32,190	)
Contract owners’ equity beginning of period		1,646,462			1,637,389			491,057			564,456			1,658,192			1,724,931			73,087			105,277
Contract owners’ equity end of period	$	2,284,863			1,646,462			408,704			491,057			1,378,070			1,658,192			60,280			73,087
CHANGES IN UNITS:
Beginning units		47,699			50,050			45,516			50,873			100,216			111,074			7,021			9,349
Units purchased		32,013			3,402			2,728			4,139			2,898			5,160			-			-
Units redeemed		(15,801	)		(5,753	)		(7,969	)		(9,496	)		(15,433	)		(16,018	)		(1,155	)		(2,328	)
Ending units		63,911			47,699			40,275			45,516			87,681			100,216			5,866			7,021

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	TCIGR						TCG						ACIGA						IGF
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(4,078	)		(1,710	)		(55,234	)		(59,221	)		12,069			11,241			27,936			25,723
Realized gain (loss) on investments		31,226			16,653			199,321			402,615			5,440			26,068			38,112			55,291
Change in unrealized gain (loss) on investments		(50,140	)		(78,757	)		(307,333	)		(939,961	)		(237,237	)		57,499			(501,263	)		90,253
Reinvested capital gains		21,651			29,192			338,827			1,131,994			97,194			89,693			198,611			174,209
Net increase (decrease) in contract owners’ equity resulting from operations		(1,341	)		(34,622	)		175,581			535,427			(122,534	)		184,501			(236,604	)		345,476
Equity transactions:
Purchase payments received from contract owners (note 3)		-			-			110,983			128,415			49,118			21,732			185,364			180,407
Transfers between funds		(12,820	)		(6,572	)		(42,768	)		(96,214	)		26,541			(20,444	)		151,079			51,888
Redemptions (note 3)		(72,074	)		(27,964	)		(646,984	)		(911,971	)		(182,357	)		(175,981	)		(389,263	)		(432,780	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(682	)		(718	)		(4,579	)		(4,924	)		-			-			(3,961	)		(4,104	)
Contingent deferred sales charges (note 2)		-			-			(1,954	)		(1,438	)		(6	)		(115	)		(119	)		(106	)
Adjustments to maintain reserves		(17	)		(9	)		(69	)		(46	)		(18	)		(42	)		(25	)		(7	)
Net equity transactions		(85,593	)		(35,263	)		(585,371	)		(886,178	)		(106,722	)		(174,850	)		(56,925	)		(204,702	)
Net change in contract owners’ equity		(86,934	)		(69,885	)		(409,790	)		(350,751	)		(229,256	)		9,651			(293,529	)		140,774
Contract owners’ equity beginning of period		484,804			554,689			5,723,007			6,073,758			1,755,481			1,745,830			3,422,213			3,281,439
Contract owners’ equity end of period	$	397,870			484,804			5,313,217			5,723,007			1,526,225			1,755,481			3,128,684			3,422,213
CHANGES IN UNITS:
Beginning units		15,665			16,745			108,782			134,560			114,739			126,524			108,068			115,075
Units purchased		-			-			6,281			4,465			7,165			2,129			12,557			12,951
Units redeemed		(2,715	)		(1,080	)		(19,572	)		(30,243	)		(14,528	)		(13,914	)		(14,511	)		(19,958	)
Ending units		12,950			15,665			95,491			108,782			107,376			114,739			106,114			108,068

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	BSTG						TCUL						DWHYOI						DAF
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(10,031	)		(12,470	)		(76,216	)		(66,922	)		44,304			45,663			10,675			11,227
Realized gain (loss) on investments		(4,680	)		(1,289	)		195,143			178,521			(6,571	)		21,389			118,884			66,882
Change in unrealized gain (loss) on investments		(559	)		14			(115,055	)		(25,638	)		(106,191	)		(92,549	)		(840,203	)		13,527
Reinvested capital gains		-			-			349,977			477,249			-			12,807			606,399			101,086
Net increase (decrease) in contract owners’ equity resulting from operations		(15,270	)		(13,745	)		353,849			563,210			(68,458	)		(12,690	)		(104,245	)		192,722
Equity transactions:
Purchase payments received from contract owners (note 3)		53,815			61,664			168,700			152,212			84,756			99,305			96,432			121,604
Transfers between funds		(41,737	)		(76,813	)		307,582			(136,722	)		(25,980	)		(66,808	)		(48,395	)		(73,955	)
Redemptions (note 3)		(225,209	)		(56,911	)		(778,604	)		(720,349	)		(85,899	)		(118,848	)		(267,378	)		(326,506	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(963	)		(960	)		(6,664	)		(6,854	)		(878	)		(1,000	)		(1,737	)		(1,799	)
Contingent deferred sales charges (note 2)		(10	)		(36	)		(562	)		(321	)		(8	)		(22	)		(118	)		(34	)
Adjustments to maintain reserves		(48	)		(61	)		(58	)		(21	)		101			1			(34	)		(44	)
Net equity transactions		(214,152	)		(73,117	)		(309,606	)		(712,055	)		(27,908	)		(87,372	)		(221,230	)		(280,734	)
Net change in contract owners’ equity		(229,422	)		(86,862	)		44,243			(148,845	)		(96,366	)		(100,062	)		(325,475	)		(88,012	)
Contract owners’ equity beginning of period		1,422,021			1,508,883			7,044,948			7,193,793			907,332			1,007,394			2,912,278			3,000,290
Contract owners’ equity end of period	$	1,192,599			1,422,021			7,089,191			7,044,948			810,966			907,332			2,586,803			2,912,278
CHANGES IN UNITS:
Beginning units		74,772			77,831			265,770			292,723			47,405			51,699			162,046			178,829
Units purchased		4,412			5,852			27,732			11,420			6,267			7,730			7,654			10,224
Units redeemed		(15,758	)		(8,911	)		(30,932	)		(38,373	)		(7,749	)		(12,024	)		(19,737	)		(27,007	)
Ending units		63,426			74,772			262,570			265,770			45,923			47,405			149,963			162,046

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	DPBOZ						DSPI						DPITIA						DROSC
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(2,153	)		(2,251	)		34,663			30,999			13,855			9,480			(1,148	)		(1,467	)
Realized gain (loss) on investments		21,229			23,797			409,560			404,088			73,173			20,357			(17,968	)		3,031
Change in unrealized gain (loss) on investments		(66,297	)		(33,358	)		(1,127,567	)		262,150			(138,956	)		5,279			5,045			(20,878	)
Reinvested capital gains		34,555			60,211			647,072			629,768			12,637			8,631			3,997			19,460
Net increase (decrease) in contract owners’ equity resulting from operations		(12,666	)		48,399			(36,272	)		1,327,005			(39,291	)		43,747			(10,074	)		146
Equity transactions:
Purchase payments received from contract owners (note 3)		34,284			26,862			592,199			536,283			60,923			88,585			5,101			4,497
Transfers between funds		(5,186	)		(1,367	)		47,739			45,383			(59,500	)		472,503			27,033			(1,061	)
Redemptions (note 3)		(80,561	)		(118,962	)		(1,433,906	)		(1,257,133	)		(209,087	)		(224,236	)		(39,573	)		(370	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(558	)		(593	)		(11,248	)		(11,974	)		(1,097	)		(1,221	)		-			-
Contingent deferred sales charges (note 2)		(48	)		(867	)		(140	)		(830	)		-			(438	)		(161	)		-
Adjustments to maintain reserves		(16	)		(10	)		(5	)		(20	)		(101	)		(2	)		4			(32	)
Net equity transactions		(52,085	)		(94,937	)		(805,361	)		(688,291	)		(208,862	)		335,191			(7,596	)		3,034
Net change in contract owners’ equity		(64,751	)		(46,538	)		(841,633	)		638,714			(248,153	)		378,938			(17,670	)		3,180
Contract owners’ equity beginning of period		801,868			848,406			12,412,242			11,773,528			1,734,129			1,355,191			128,968			125,788
Contract owners’ equity end of period	$	737,117			801,868			11,570,609			12,412,242			1,485,976			1,734,129			111,298			128,968
CHANGES IN UNITS:
Beginning units		54,674			61,290			252,626			267,603			133,452			107,842			6,952			6,750
Units purchased		3,391			2,328			16,598			16,761			18,869			43,520			4,182			1,379
Units redeemed		(6,899	)		(8,944	)		(32,782	)		(31,738	)		(34,758	)		(17,910	)		(4,885	)		(1,177	)
Ending units		51,166			54,674			236,442			252,626			117,563			133,452			6,249			6,952

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	DTC						FBDF						FEQIF						FHYT
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(3,095	)		(2,109	)		52,864			55,592			166			138			102,902			131,046
Realized gain (loss) on investments		112,386			67,610			(1,743	)		44,138			552			7,284			86,316			138,657
Change in unrealized gain (loss) on investments		(201,113	)		(80,809	)		(126,829	)		(13,659	)		(3,386	)		(7,485	)		(295,599	)		(160,956	)
Reinvested capital gains		71,411			93,372			17,535			-			332			2,037			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(20,411	)		78,064			(58,173	)		86,071			(2,336	)		1,974			(106,381	)		108,747
Equity transactions:
Purchase payments received from contract owners (note 3)		8,378			21,909			101,981			115,758			1,484			1,525			123,479			179,210
Transfers between funds		(205,022	)		202,087			14,391			(25,567	)		-			-			(1,062,661	)		(23,246	)
Redemptions (note 3)		(56,517	)		(100,256	)		(234,826	)		(344,481	)		(1,254	)		(24,881	)		(326,846	)		(776,527	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(611	)		(681	)		(1,533	)		(1,438	)		-			-			(1,254	)		(1,369	)
Contingent deferred sales charges (note 2)		-			(115	)		(177	)		(506	)		-			-			(193	)		(1,031	)
Adjustments to maintain reserves		(43	)		19			(24	)		(8	)		(3	)		(1	)		63			(241	)
Net equity transactions		(253,815	)		122,963			(120,188	)		(256,242	)		227			(23,357	)		(1,267,412	)		(623,204	)
Net change in contract owners’ equity		(274,226	)		201,027			(178,361	)		(170,171	)		(2,109	)		(21,383	)		(1,373,793	)		(514,457	)
Contract owners’ equity beginning of period		851,123			650,096			1,792,897			1,963,068			34,787			56,170			3,162,569			3,677,026
Contract owners’ equity end of period	$	576,897			851,123			1,614,536			1,792,897			32,678			34,787			1,788,776			3,162,569
CHANGES IN UNITS:
Beginning units		31,270			28,649			77,607			88,730			2,459			4,171			138,496			165,948
Units purchased		478			8,239			8,849			10,014			107			112			16,209			17,446
Units redeemed		(7,548	)		(5,618	)		(14,224	)		(21,137	)		(87	)		(1,824	)		(70,179	)		(44,898	)
Ending units		24,200			31,270			72,232			77,607			2,479			2,459			84,526			138,496

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FIIF						FABA						FAB						FAEGA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	13,726			18,044			(242	)		(119	)		(8,182	)		(6,955	)		(10,576	)		(9,993	)
Realized gain (loss) on investments		(23,696	)		(9,686	)		11,032			361			41,619			9,545			21,372			33,111
Change in unrealized gain (loss) on investments		4,230			6,320			(16,474	)		1,981			(126,892	)		19,338			14,216			49,371
Reinvested capital gains		366			1,081			3,231			7,684			64,735			103,667			19,886			-
Net increase (decrease) in contract owners’ equity resulting from operations		(5,374	)		15,759			(2,453	)		9,907			(28,720	)		125,595			44,898			72,489
Equity transactions:
Purchase payments received from contract owners (note 3)		11,364			10,672			899			877			78,184			88,058			15,909			14,724
Transfers between funds		(482,778	)		478,747			8,341			2,347			3,566			216,593			46,832			(2,701	)
Redemptions (note 3)		(47,603	)		(99,734	)		(50,016	)		(1,636	)		(231,338	)		(55,148	)		(41,871	)		(73,827	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			-			-			(1,292	)		(1,246	)		-			-
Contingent deferred sales charges (note 2)		(8	)		(66	)		-			-			(11	)		(1	)		(13	)		(110	)
Adjustments to maintain reserves		(55	)		(32	)		(23	)		-			7			(4	)		(15	)		(40	)
Net equity transactions		(519,080	)		389,587			(40,799	)		1,588			(150,884	)		248,252			20,842			(61,954	)
Net change in contract owners’ equity		(524,454	)		405,346			(43,252	)		11,495			(179,604	)		373,847			65,740			10,535
Contract owners’ equity beginning of period		821,606			416,260			127,980			116,485			1,856,690			1,482,843			792,514			781,979
Contract owners’ equity end of period	$	297,152			821,606			84,728			127,980			1,677,086			1,856,690			858,254			792,514
CHANGES IN UNITS:
Beginning units		46,777			25,007			7,647			7,548			76,575			66,146			68,164			73,519
Units purchased		1,403			31,428			552			208			7,144			13,221			5,941			5,883
Units redeemed		(30,438	)		(9,658	)		(3,058	)		(109	)		(13,478	)		(2,792	)		(4,144	)		(11,238	)
Ending units		17,742			46,777			5,141			7,647			70,241			76,575			69,961			68,164

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FAEIA						FAEI						FAGOA						FAGO
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	33,272			22,022			22,783			13,039			(7,313	)		(7,115	)		(35,799	)		(33,436	)
Realized gain (loss) on investments		14,358			12,914			13,797			20,926			83,149			44,258			152,112			146,655
Change in unrealized gain (loss) on investments		(287,748	)		49,378			(243,644	)		33,321			(110,693	)		20,492			(296,393	)		129,400
Reinvested capital gains		126,949			57,106			107,138			47,282			56,118			-			268,327			-
Net increase (decrease) in contract owners’ equity resulting from operations		(113,169	)		141,420			(99,926	)		114,568			21,261			57,635			88,247			242,619
Equity transactions:
Purchase payments received from contract owners (note 3)		98,570			61,248			136,469			61,126			6,946			7,565			252,914			175,065
Transfers between funds		(2,246	)		26,970			(39,554	)		(13,772	)		1,483			7,748			(136,455	)		60,045
Redemptions (note 3)		(209,140	)		(216,661	)		(183,280	)		(168,659	)		(77,967	)		(47,381	)		(301,396	)		(228,261	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			(2,020	)		(2,054	)		-			-			(3,523	)		(3,461	)
Contingent deferred sales charges (note 2)		(190	)		(693	)		(2	)		(138	)		(18	)		(92	)		(124	)		(2	)
Adjustments to maintain reserves		(8	)		(62	)		(38	)		18			(6	)		(50	)		(22	)		(7	)
Net equity transactions		(113,014	)		(129,198	)		(88,425	)		(123,479	)		(69,562	)		(32,210	)		(188,606	)		3,379
Net change in contract owners’ equity		(226,183	)		12,222			(188,351	)		(8,911	)		(48,301	)		25,425			(100,359	)		245,998
Contract owners’ equity beginning of period		2,086,190			2,073,968			1,781,059			1,789,970			608,153			582,728			2,758,344			2,512,346
Contract owners’ equity end of period	$	1,860,007			2,086,190			1,592,708			1,781,059			559,852			608,153			2,657,985			2,758,344
CHANGES IN UNITS:
Beginning units		107,331			113,997			58,254			62,482			44,201			46,725			113,907			114,109
Units purchased		5,994			5,852			5,884			2,633			3,352			2,252			10,955			24,111
Units redeemed		(11,946	)		(12,518	)		(8,807	)		(6,861	)		(8,355	)		(4,776	)		(18,538	)		(24,313	)
Ending units		101,379			107,331			55,331			58,254			39,198			44,201			106,324			113,907

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FAHY						FAOA						FAM						FRBSI
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	19,368			18,009			(4	)		(30	)		6,688			3,661			(9,428	)		(17,192	)
Realized gain (loss) on investments		9,199			2,779			35			274			10,110			23,992			(1,307	)		109,688
Change in unrealized gain (loss) on investments		(50,160	)		(4,822	)		(9	)		(444	)		(88,191	)		(58,536	)		(346,051	)		(353,029	)
Reinvested capital gains		-			574			-			-			48,350			97,057			190,028			248,833
Net increase (decrease) in contract owners’ equity resulting from operations		(21,593	)		16,540			22			(200	)		(23,043	)		66,174			(166,758	)		(11,700	)
Equity transactions:
Purchase payments received from contract owners (note 3)		-			-			-			-			49,077			55,755			48,611			65,434
Transfers between funds		(33,163	)		(1,232	)		-			-			(21,734	)		(10,319	)		(87,298	)		(10,457	)
Redemptions (note 3)		(44,059	)		(67,055	)		(65	)		(4,680	)		(201,968	)		(231,792	)		(211,719	)		(249,346	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(575	)		(635	)		-			-			(1,750	)		(1,896	)		-			-
Contingent deferred sales charges (note 2)		-			(158	)		-			-			(106	)		(20	)		(897	)		(85	)
Adjustments to maintain reserves		(24	)		40			(2	)		(10	)		(2	)		(23	)		(55	)		(28	)
Net equity transactions		(77,821	)		(69,040	)		(67	)		(4,690	)		(176,483	)		(188,295	)		(251,358	)		(194,482	)
Net change in contract owners’ equity		(99,414	)		(52,500	)		(45	)		(4,890	)		(199,526	)		(122,121	)		(418,116	)		(206,182	)
Contract owners’ equity beginning of period		617,855			670,355			839			5,729			1,510,078			1,632,199			1,702,575			1,908,757
Contract owners’ equity end of period	$	518,441			617,855			794			839			1,310,552			1,510,078			1,284,459			1,702,575
CHANGES IN UNITS:
Beginning units		20,719			23,033			68			409			49,475			55,673			59,720			66,572
Units purchased		-			-			-			-			1,762			1,896			2,503			3,947
Units redeemed		(2,484	)		(2,314	)		(5	)		(341	)		(7,543	)		(8,094	)		(11,837	)		(10,799	)
Ending units		18,235			20,719			63			68			43,694			49,475			50,386			59,720

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	TFF						TMSF						FSCG						AREA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(609	)		14,302			16,965			73,491			(13,810	)		(13,385	)		(588	)		(3,400	)
Realized gain (loss) on investments		61,926			61,117			45,337			55,079			11,735			25,434			18,511			53,684
Change in unrealized gain (loss) on investments		(133,069	)		(252,454	)		(529,338	)		146,898			(126,937	)		(132,565	)		(127,955	)		129,110
Reinvested capital gains		435			32,878			247,119			-			91,846			187,713			135,006			38,261
Net increase (decrease) in contract owners’ equity resulting from operations		(71,317	)		(144,157	)		(219,917	)		275,468			(37,166	)		67,197			24,974			217,655
Equity transactions:
Purchase payments received from contract owners (note 3)		-			-			179,841			201,579			22,402			24,656			19,885			19,576
Transfers between funds		(40,681	)		(5,805	)		(118,428	)		(138,006	)		29,622			(14,724	)		166,080			37,837
Redemptions (note 3)		(110,151	)		(110,643	)		(451,499	)		(774,295	)		(64,811	)		(134,881	)		(156,609	)		(195,631	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(1,071	)		(1,211	)		(2,495	)		(2,447	)		-			-			-			-
Contingent deferred sales charges (note 2)		(11	)		(111	)		(676	)		(121	)		(9	)		(77	)		(89	)		(491	)
Adjustments to maintain reserves		(31	)		(11	)		(7	)		42			(41	)		(29	)		(43	)		(22	)
Net equity transactions		(151,945	)		(117,781	)		(393,264	)		(713,248	)		(12,837	)		(125,055	)		29,224			(138,731	)
Net change in contract owners’ equity		(223,262	)		(261,938	)		(613,181	)		(437,780	)		(50,003	)		(57,858	)		54,198			78,924
Contract owners’ equity beginning of period		1,049,640			1,311,578			4,434,449			4,872,229			1,084,690			1,142,548			943,469			864,545
Contract owners’ equity end of period	$	826,378			1,049,640			3,821,268			4,434,449			1,034,687			1,084,690			997,667			943,469
CHANGES IN UNITS:
Beginning units		41,215			45,279			183,117			213,654			78,722			87,928			66,038			76,528
Units purchased		-			-			8,004			11,169			7,109			2,026			20,698			11,114
Units redeemed		(5,460	)		(4,064	)		(24,300	)		(41,706	)		(8,360	)		(11,232	)		(17,354	)		(21,604	)
Ending units		35,755			41,215			166,821			183,117			77,471			78,722			69,382			66,038

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	ASCGI						JBS						JF						JOS
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(7,276	)		(4,930	)		842			6,224			5,939			9,129			1,786			(1,251	)
Realized gain (loss) on investments		44,923			76,695			20,732			64,417			308,907			265,899			(1,868	)		(24,002	)
Change in unrealized gain (loss) on investments		(123,599	)		(102,532	)		(85,602	)		(38,131	)		(487,183	)		(582,473	)		(7,396	)		3,526
Reinvested capital gains		54,522			59,861			52,520			47,876			334,979			731,900			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(31,430	)		29,094			(11,508	)		80,386			162,642			424,455			(7,478	)		(21,727	)
Equity transactions:
Purchase payments received from contract owners (note 3)		4,162			1,566			6,749			9,034			61,961			100,645			1,876			2,802
Transfers between funds		393,452			11,452			76,593			81,302			49,550			(11,886	)		(26,214	)		(9,168	)
Redemptions (note 3)		(114,352	)		(175,160	)		(78,830	)		(263,799	)		(475,101	)		(454,353	)		(11,699	)		(40,421	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			-			-			(4,283	)		(4,464	)		-			-
Contingent deferred sales charges (note 2)		(223	)		(1,342	)		(144	)		(18	)		(197	)		(851	)		(133	)		(11	)
Adjustments to maintain reserves		(21	)		(45	)		(9	)		(22	)		(10	)		(32	)		-			(26	)
Net equity transactions		283,018			(163,529	)		4,359			(173,503	)		(368,080	)		(370,941	)		(36,170	)		(46,824	)
Net change in contract owners’ equity		251,588			(134,435	)		(7,149	)		(93,117	)		(205,438	)		53,514			(43,648	)		(68,551	)
Contract owners’ equity beginning of period		365,490			499,925			1,208,627			1,301,744			4,062,395			4,008,881			116,990			185,541
Contract owners’ equity end of period	$	617,078			365,490			1,201,478			1,208,627			3,856,957			4,062,395			73,342			116,990
CHANGES IN UNITS:
Beginning units		19,342			28,006			70,464			81,019			167,322			182,285			11,462			15,425
Units purchased		22,409			2,567			5,949			8,188			15,063			5,208			189			561
Units redeemed		(8,264	)		(11,231	)		(5,711	)		(18,743	)		(30,088	)		(20,171	)		(3,693	)		(4,524	)
Ending units		33,487			19,342			70,702			70,464			152,297			167,322			7,958			11,462

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	JTF						JWF						JWS						LSC
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(130,371	)		12,312			(12,410	)		(8,166	)		(1,995	)		(1,589	)		(42,386	)		(38,272	)
Realized gain (loss) on investments		561,587			807,183			124,094			100,654			10,850			20,359			3,909			218,957
Change in unrealized gain (loss) on investments		(1,416,104	)		(1,884,065	)		(170,227	)		23,221			(21,973	)		(2,589	)		(326,191	)		(614,707	)
Reinvested capital gains		1,523,437			2,230,578			-			-			-			-			220,275			701,866
Net increase (decrease) in contract owners’ equity resulting from operations		538,549			1,166,008			(58,543	)		115,709			(13,118	)		16,181			(144,393	)		267,844
Equity transactions:
Purchase payments received from contract owners (note 3)		257,260			462,991			-			8			2,031			2,155			362,909			244,639
Transfers between funds		(265,465	)		(270,496	)		(16,891	)		(15,140	)		45,055			15,422			177,047			43,838
Redemptions (note 3)		(2,006,637	)		(1,502,595	)		(201,261	)		(218,236	)		(17,517	)		(31,281	)		(322,359	)		(180,184	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(14,207	)		(15,257	)		(2,710	)		(3,107	)		-			-			(2,670	)		(2,480	)
Contingent deferred sales charges (note 2)		(1,047	)		(493	)		-			-			(46	)		(9	)		(139	)		(50	)
Adjustments to maintain reserves		(26	)		(34	)		(31	)		(4	)		(15	)		10			(29	)		6
Net equity transactions		(2,030,122	)		(1,325,884	)		(220,893	)		(236,479	)		29,508			(13,703	)		214,759			105,769
Net change in contract owners’ equity		(1,491,573	)		(159,876	)		(279,436	)		(120,770	)		16,390			2,478			70,366			373,613
Contract owners’ equity beginning of period		16,372,264			16,532,140			1,993,197			2,113,967			279,454			276,976			3,149,797			2,776,184
Contract owners’ equity end of period	$	14,880,691			16,372,264			1,713,761			1,993,197			295,844			279,454			3,220,163			3,149,797
CHANGES IN UNITS:
Beginning units		353,227			379,233			97,348			108,848			15,065			15,783			93,866			90,667
Units purchased		5,325			13,319			-			1			2,485			1,598			21,632			20,776
Units redeemed		(46,374	)		(39,325	)		(10,185	)		(11,501	)		(956	)		(2,316	)		(15,821	)		(17,577	)
Ending units		312,178			353,227			87,163			97,348			16,594			15,065			99,677			93,866

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	MSI						NBF						NBIXA						NFA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	31,458			38,267			16,001			29,003			1,808			2,778			(3,184	)		(3,738	)
Realized gain (loss) on investments		(4,487	)		56,698			12,968			14,213			(318	)		(1,207	)		54,067			38,614
Change in unrealized gain (loss) on investments		(67,647	)		(65,671	)		(44,309	)		(19,578	)		(8,484	)		9,089			(81,249	)		81,595
Reinvested capital gains		-			-			-			14,468			2,015			3,943			25,047			-
Net increase (decrease) in contract owners’ equity resulting from operations		(40,676	)		29,294			(15,340	)		38,106			(4,979	)		14,603			(5,319	)		116,471
Equity transactions:
Purchase payments received from contract owners (note 3)		64,092			55,227			61,737			59,253			12,737			20,549			-			(88	)
Transfers between funds		8,073			198,979			14,131			25,498			(8,413	)		3,117			(14,999	)		(11,995	)
Redemptions (note 3)		(144,135	)		(492,251	)		(100,460	)		(129,374	)		(7,126	)		(45,444	)		(126,157	)		(100,154	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(764	)		(872	)		(1,215	)		(1,373	)		-			-			(510	)		(529	)
Contingent deferred sales charges (note 2)		(21	)		(55	)		-			-			-			-			(270	)		(20	)
Adjustments to maintain reserves		(2	)		(25	)		34			(40	)		6			(1	)		(33	)		(42	)
Net equity transactions		(72,757	)		(238,997	)		(25,773	)		(46,036	)		(2,796	)		(21,779	)		(141,969	)		(112,828	)
Net change in contract owners’ equity		(113,433	)		(209,703	)		(41,113	)		(7,930	)		(7,775	)		(7,176	)		(147,288	)		3,643
Contract owners’ equity beginning of period		1,258,816			1,468,519			1,296,391			1,304,321			361,672			368,848			1,173,418			1,169,775
Contract owners’ equity end of period	$	1,145,383			1,258,816			1,255,278			1,296,391			353,897			361,672			1,026,130			1,173,418
CHANGES IN UNITS:
Beginning units		67,591			80,144			21,922			22,788			22,202			23,523			77,761			85,685
Units purchased		5,405			14,707			1,639			1,533			909			1,519			-			-
Units redeemed		(9,368	)		(27,260	)		(1,968	)		(2,399	)		(1,038	)		(2,840	)		(9,397	)		(7,924	)
Ending units		63,628			67,591			21,593			21,922			22,073			22,202			68,364			77,761

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NF						NGBF						NGF						NIIXA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(2,210	)		(2,858	)		8,432			6,806			(2,933	)		(2,977	)		45			69
Realized gain (loss) on investments		197,093			158,107			(20,135	)		(26,718	)		20,289			24,346			11			37
Change in unrealized gain (loss) on investments		(263,282	)		130,787			(19,948	)		85,792			(18,159	)		(40,592	)		(164	)		(367	)
Reinvested capital gains		66,965			-			953			-			14,151			63,954			31			12
Net increase (decrease) in contract owners’ equity resulting from operations		(1,434	)		286,036			(30,698	)		65,880			13,348			44,731			(77	)		(249	)
Equity transactions:
Purchase payments received from contract owners (note 3)		118,963			111,151			128,681			107,469			-			8			-			-
Transfers between funds		(43,601	)		201,251			6,761			24,544			-			-			-			-
Redemptions (note 3)		(360,876	)		(302,800	)		(297,874	)		(336,842	)		(38,226	)		(39,978	)		-			(708	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(2,877	)		(3,155	)		(1,815	)		(1,920	)		(556	)		(610	)		-			-
Contingent deferred sales charges (note 2)		(1,833	)		(21	)		(48	)		(89	)		-			-			-			-
Adjustments to maintain reserves		85			3			(45	)		12			(21	)		(9	)		(4	)		(12	)
Net equity transactions		(290,139	)		6,429			(164,340	)		(206,826	)		(38,803	)		(40,589	)		(4	)		(720	)
Net change in contract owners’ equity		(291,573	)		292,465			(195,038	)		(140,946	)		(25,455	)		4,142			(81	)		(969	)
Contract owners’ equity beginning of period		2,992,253			2,699,788			2,319,621			2,460,567			353,718			349,576			3,533			4,502
Contract owners’ equity end of period	$	2,700,680			2,992,253			2,124,583			2,319,621			328,263			353,718			3,452			3,533
CHANGES IN UNITS:
Beginning units		35,669			32,016			119,423			130,723			5,794			6,320			284			335
Units purchased		1,841			7,400			14,219			23,838			-			-			-			-
Units redeemed		(6,944	)		(3,747	)		(22,425	)		(35,138	)		(357	)		(526	)		-			(51	)
Ending units		30,566			35,669			111,217			119,423			5,437			5,794			284			284

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	IDAS						IDCS						IDMS						IDMAS
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	2,164			5,369			2,047			3,537			5,268			19,233			4,985			16,863
Realized gain (loss) on investments		91,114			114,295			5,320			5,059			11,017			5,592			240,513			61,285
Change in unrealized gain (loss) on investments		(219,549	)		(137,666	)		(23,465	)		5,187			(398,974	)		(62,487	)		(548,243	)		(105,611	)
Reinvested capital gains		76,513			60,900			7,910			4,883			269,953			150,053			193,744			136,250
Net increase (decrease) in contract owners’ equity resulting from operations		(49,758	)		42,898			(8,188	)		18,666			(112,736	)		112,391			(109,001	)		108,787
Equity transactions:
Purchase payments received from contract owners (note 3)		62,253			76,417			15,317			23,277			185,466			214,528			151,573			180,348
Transfers between funds		26,559			(28,423	)		11,512			(14,866	)		(103,520	)		3,683			(295,917	)		(179,344	)
Redemptions (note 3)		(158,382	)		(183,554	)		(154,697	)		(91,957	)		(361,794	)		(482,434	)		(310,232	)		(496,251	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			-			-			-			-			-			-
Contingent deferred sales charges (note 2)		(446	)		(162	)		(4	)		-			(1,881	)		(1,666	)		(898	)		(3,844	)
Adjustments to maintain reserves		(17	)		(38	)		(37	)		-			37			(78	)		(32	)		(35	)
Net equity transactions		(70,033	)		(135,760	)		(127,909	)		(83,546	)		(281,692	)		(265,967	)		(455,506	)		(499,126	)
Net change in contract owners’ equity		(119,791	)		(92,862	)		(136,097	)		(64,880	)		(394,428	)		(153,576	)		(564,507	)		(390,339	)
Contract owners’ equity beginning of period		1,369,144			1,462,006			750,420			815,300			4,148,832			4,302,408			3,563,846			3,954,185
Contract owners’ equity end of period	$	1,249,353			1,369,144			614,323			750,420			3,754,404			4,148,832			2,999,339			3,563,846
CHANGES IN UNITS:
Beginning units		88,686			97,693			52,690			58,486			270,666			287,846			226,683			258,330
Units purchased		7,129			8,003			2,918			4,990			12,310			15,779			10,204			14,072
Units redeemed		(11,652	)		(17,010	)		(11,899	)		(10,786	)		(30,795	)		(32,959	)		(38,870	)		(45,719	)
Ending units		84,163			88,686			43,709			52,690			252,181			270,666			198,017			226,683

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	IDMCS						NMCIXA						MMF						MMFR
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	2,521			4,782			(3,246	)		(4,157	)		(85,263	)		(97,135	)		(36,150	)		(40,868	)
Realized gain (loss) on investments		20,925			35,525			41,560			123,908			-			-			-			-
Change in unrealized gain (loss) on investments		(74,875	)		(35,448	)		(164,941	)		(105,985	)		-			-			-			-
Reinvested capital gains		32,250			22,717			94,401			58,709			151			-			82			-
Net increase (decrease) in contract owners’ equity resulting from operations		(19,179	)		27,576			(32,226	)		72,475			(85,112	)		(97,135	)		(36,068	)		(40,868	)
Equity transactions:
Purchase payments received from contract owners (note 3)		41,165			53,660			31,672			26,968			506,831			739,983			141,853			104,986
Transfers between funds		16,854			5,787			(15,522	)		(71,771	)		21,893			689,462			45,881			422,062
Redemptions (note 3)		(92,473	)		(123,997	)		(63,875	)		(151,660	)		(1,879,883	)		(2,044,094	)		(393,222	)		(943,690	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			-			-			(6,455	)		(7,275	)		-			-
Contingent deferred sales charges (note 2)		(8	)		(647	)		(6	)		(83	)		(34	)		(832	)		(335	)		(420	)
Adjustments to maintain reserves		(24	)		(26	)		(8	)		11			9			(23	)		(65	)		(38	)
Net equity transactions		(34,486	)		(65,223	)		(47,739	)		(196,535	)		(1,357,639	)		(622,779	)		(205,888	)		(417,100	)
Net change in contract owners’ equity		(53,665	)		(37,647	)		(79,965	)		(124,060	)		(1,442,751	)		(719,914	)		(241,956	)		(457,968	)
Contract owners’ equity beginning of period		1,057,612			1,095,259			907,289			1,031,349			7,097,673			7,817,587			3,260,465			3,718,433
Contract owners’ equity end of period	$	1,003,947			1,057,612			827,324			907,289			5,654,922			7,097,673			3,018,509			3,260,465
CHANGES IN UNITS:
Beginning units		70,183			74,480			36,141			44,149			306,037			332,842			308,529			347,174
Units purchased		4,141			6,561			2,846			2,023			59,669			146,859			77,536			81,277
Units redeemed		(6,361	)		(10,858	)		(4,601	)		(10,031	)		(118,838	)		(173,664	)		(96,739	)		(119,922	)
Ending units		67,963			70,183			34,386			36,141			246,868			306,037			289,326			308,529

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NGFA						GVIDA						GVIDC						GVIDM
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(7,918	)		(6,467	)		759			6,352			3,958			4,896			6,348			13,188
Realized gain (loss) on investments		39,159			35,271			168,548			44,364			(251	)		1,459			123,721			88,957
Change in unrealized gain (loss) on investments		(42,528	)		(86,144	)		(193,511	)		9,186			(34,181	)		(6,422	)		(310,658	)		11,682
Reinvested capital gains		33,864			127,287			-			-			23,124			11,405			132,768			-
Net increase (decrease) in contract owners’ equity resulting from operations		22,577			69,947			(24,204	)		59,902			(7,350	)		11,338			(47,821	)		113,827
Equity transactions:
Purchase payments received from contract owners (note 3)		114,173			54,084			160,542			185,400			104,347			48,625			400,125			408,440
Transfers between funds		(8,534	)		60,992			(61,844	)		(13,280	)		42,410			223,350			(44,314	)		(15,050	)
Redemptions (note 3)		(62,470	)		(40,561	)		(343,096	)		(113,425	)		(24,702	)		(51,106	)		(590,720	)		(226,078	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(800	)		(588	)		(3,200	)		(3,052	)		(800	)		(924	)		(5,103	)		(4,731	)
Contingent deferred sales charges (note 2)		(59	)		(41	)		(6	)		(392	)		(56	)		-			(2,394	)		(174	)
Adjustments to maintain reserves		(33	)		(11	)		(10	)		(10	)		(1	)		(12	)		(36	)		(18	)
Net equity transactions		42,277			73,875			(247,614	)		55,241			121,198			219,933			(242,442	)		162,389
Net change in contract owners’ equity		64,854			143,822			(271,818	)		115,143			113,848			231,271			(290,263	)		276,216
Contract owners’ equity beginning of period		683,482			539,660			1,759,882			1,644,739			605,703			374,432			3,132,038			2,855,822
Contract owners’ equity end of period	$	748,336			683,482			1,488,064			1,759,882			719,551			605,703			2,841,775			3,132,038
CHANGES IN UNITS:
Beginning units		32,918			29,293			98,227			95,124			45,138			28,612			193,361			183,038
Units purchased		10,196			8,090			11,043			12,116			11,093			26,149			25,535			33,330
Units redeemed		(8,220	)		(4,465	)		(24,272	)		(9,013	)		(2,046	)		(9,623	)		(40,593	)		(23,007	)
Ending units		34,894			32,918			84,998			98,227			54,185			45,138			178,303			193,361

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	GVDMA						GVDMC						NVMIG6						NIXR
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	4,850			14,563			2,912			4,710			(3,095	)		1,542			18,442			4,896
Realized gain (loss) on investments		169,904			111,564			28,637			31,431			6,668			7,557			153,295			335,771
Change in unrealized gain (loss) on investments		(317,615	)		(10,281	)		(90,280	)		(23,313	)		(27,013	)		(25,601	)		(493,743	)		(100,140	)
Reinvested capital gains		69,169			-			46,705			17,696			16,545			10,463			306,683			121,136
Net increase (decrease) in contract owners’ equity resulting from operations		(73,692	)		115,846			(12,026	)		30,524			(6,895	)		(6,039	)		(15,323	)		361,663
Equity transactions:
Purchase payments received from contract owners (note 3)		478,413			496,415			93,933			113,011			43,265			47,805			187,566			169,865
Transfers between funds		14,292			(31,347	)		(48,497	)		12,717			57,653			6,148			258,723			(264,020	)
Redemptions (note 3)		(507,543	)		(262,791	)		(143,619	)		(163,863	)		(32,474	)		(18,046	)		(417,674	)		(285,539	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(5,435	)		(5,536	)		(1,850	)		(1,907	)		(270	)		(209	)		(1,693	)		(1,438	)
Contingent deferred sales charges (note 2)		(4,593	)		(70	)		(1,432	)		(51	)		-			-			(144	)		(414	)
Adjustments to maintain reserves		(5	)		4			(7	)		-			(17	)		(7	)		(17	)		(69	)
Net equity transactions		(24,871	)		196,675			(101,472	)		(40,093	)		68,157			35,691			26,761			(381,615	)
Net change in contract owners’ equity		(98,563	)		312,521			(113,498	)		(9,569	)		61,262			29,652			11,438			(19,952	)
Contract owners’ equity beginning of period		3,456,443			3,143,922			959,325			968,894			214,687			185,035			3,296,759			3,316,711
Contract owners’ equity end of period	$	3,357,880			3,456,443			845,827			959,325			275,949			214,687			3,308,197			3,296,759
CHANGES IN UNITS:
Beginning units		199,795			188,259			64,027			66,850			19,793			16,610			216,291			241,912
Units purchased		29,063			29,596			6,255			9,442			9,229			7,176			32,520			22,533
Units redeemed		(30,758	)		(18,060	)		(13,069	)		(12,265	)		(3,072	)		(3,993	)		(29,965	)		(48,154	)
Ending units		198,100			199,795			57,213			64,027			25,950			19,793			218,846			216,291

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NSCIXA						NVTIV3						NBGST						NBGF
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(1,677	)		(2,829	)		2,131			6,879			(94,393	)		(107,522	)		(10,555	)		(9,770	)
Realized gain (loss) on investments		36,428			53,361			(279	)		14,906			323,554			412,592			(4,224	)		3,266
Change in unrealized gain (loss) on investments		(111,520	)		(68,958	)		(33,651	)		(63,652	)		(956,187	)		(1,122,240	)		(228,805	)		(74,781	)
Reinvested capital gains		47,491			33,909			13,818			11,550			657,759			640,712			149,613			206,941
Net increase (decrease) in contract owners’ equity resulting from operations		(29,278	)		15,483			(17,981	)		(30,317	)		(69,267	)		(176,458	)		(93,971	)		125,656
Equity transactions:
Purchase payments received from contract owners (note 3)		17,969			19,364			47,514			56,776			142,018			211,610			27,934			34,391
Transfers between funds		6,450			(2,824	)		24,068			267			(125,939	)		(436,124	)		(50,037	)		26,919
Redemptions (note 3)		(47,861	)		(82,408	)		(11,580	)		(8,828	)		(1,221,259	)		(1,027,379	)		(175,230	)		(187,281	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			(449	)		(372	)		(3,220	)		(3,645	)		(1,301	)		(1,435	)
Contingent deferred sales charges (note 2)		(101	)		(265	)		(46	)		(34	)		(1,215	)		(2,366	)		-			-
Adjustments to maintain reserves		(9	)		(41	)		-			1			(102	)		(89	)		-			(13	)
Net equity transactions		(23,552	)		(66,174	)		59,507			47,810			(1,209,717	)		(1,257,993	)		(198,634	)		(127,419	)
Net change in contract owners’ equity		(52,830	)		(50,691	)		41,526			17,493			(1,278,984	)		(1,434,451	)		(292,605	)		(1,763	)
Contract owners’ equity beginning of period		514,247			564,938			266,149			248,656			8,399,981			9,834,432			1,670,910			1,672,673
Contract owners’ equity end of period	$	461,417			514,247			307,675			266,149			7,120,997			8,399,981			1,378,305			1,670,910
CHANGES IN UNITS:
Beginning units		23,429			26,501			17,903			15,167			197,254			227,244			46,519			50,223
Units purchased		2,339			1,631			5,424			9,220			13,096			14,473			919			2,915
Units redeemed		(3,419	)		(4,703	)		(1,521	)		(6,484	)		(41,072	)		(44,463	)		(6,617	)		(6,619	)
Ending units		22,349			23,429			21,806			17,903			169,278			197,254			40,821			46,519

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NBGT						PF						NBPT						NLMB
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(913	)		(637	)		(7,950	)		(16,729	)		139			(852	)		(1,514	)		(577	)
Realized gain (loss) on investments		(7,501	)		(1,081	)		(44,476	)		39,035			(1,330	)		888			424			9,787
Change in unrealized gain (loss) on investments		(24,546	)		(16,274	)		(499,546	)		(91,670	)		(25,181	)		(8,650	)		(4,441	)		(14,156	)
Reinvested capital gains		23,146			32,175			179,317			349,753			10,919			25,909			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(9,814	)		14,183			(372,655	)		280,389			(15,453	)		17,295			(5,531	)		(4,946	)
Equity transactions:
Purchase payments received from contract owners (note 3)		-			783			85,714			121,014			496			1,550			24,341			28,072
Transfers between funds		244			(3,756	)		(74,818	)		(322,035	)		(16,026	)		(25,651	)		80,974			(75,867	)
Redemptions (note 3)		(30,421	)		(6,801	)		(368,374	)		(397,047	)		(35,505	)		(58,089	)		(139,894	)		(67,701	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			(2,621	)		(2,854	)		-			-			(553	)		(519	)
Contingent deferred sales charges (note 2)		(286	)		-			(182	)		(302	)		(449	)		-			(192	)		-
Adjustments to maintain reserves		(10	)		(17	)		(3	)		(23	)		(1	)		(8	)		(15	)		-
Net equity transactions		(30,473	)		(9,791	)		(360,284	)		(601,247	)		(51,485	)		(82,198	)		(35,339	)		(116,015	)
Net change in contract owners’ equity		(40,287	)		4,392			(732,939	)		(320,858	)		(66,938	)		(64,903	)		(40,870	)		(120,961	)
Contract owners’ equity beginning of period		192,786			188,394			3,049,634			3,370,492			163,108			228,011			528,346			649,307
Contract owners’ equity end of period	$	152,499			192,786			2,316,695			3,049,634			96,170			163,108			487,476			528,346
CHANGES IN UNITS:
Beginning units		10,285			10,825			61,190			74,102			8,599			13,059			35,390			43,120
Units purchased		20			60			1,981			3,377			29			87			7,272			2,145
Units redeemed		(1,637	)		(600	)		(9,468	)		(16,289	)		(2,757	)		(4,547	)		(9,667	)		(9,875	)
Ending units		8,668			10,285			53,703			61,190			5,871			8,599			32,995			35,390

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NBSRT						OCAF						OGF						OSI
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(3,759	)		(3,868	)		(13,669	)		(13,123	)		(27,887	)		(21,802	)		16,422			25,241
Realized gain (loss) on investments		84,803			118,561			73,506			35,279			143,776			164,474			(7,724	)		(23,072	)
Change in unrealized gain (loss) on investments		(227,054	)		(202,426	)		(169,363	)		(40,966	)		(152,615	)		(305,415	)		(27,828	)		17,709
Reinvested capital gains		124,071			220,095			131,078			159,352			162,136			200,916			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(21,939	)		132,362			21,552			140,542			125,410			38,173			(19,130	)		19,878
Equity transactions:
Purchase payments received from contract owners (note 3)		88,654			112,904			26,485			28,171			-			-			20,144			21,688
Transfers between funds		(152,054	)		(53,274	)		(34,293	)		24,028			(87,634	)		(20,721	)		15,310			(540,749	)
Redemptions (note 3)		(129,127	)		(160,431	)		(117,503	)		(134,504	)		(455,525	)		(402,413	)		(67,282	)		(68,945	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(661	)		(696	)		-			-			(3,476	)		(3,763	)		-			-
Contingent deferred sales charges (note 2)		(65	)		(16	)		(1,856	)		(77	)		(53	)		(1	)		(116	)		(27	)
Adjustments to maintain reserves		(32	)		(17	)		(22	)		(31	)		(44	)		18			(35	)		(4	)
Net equity transactions		(193,285	)		(101,530	)		(127,189	)		(82,413	)		(546,732	)		(426,880	)		(31,979	)		(588,037	)
Net change in contract owners’ equity		(215,224	)		30,832			(105,637	)		58,129			(421,322	)		(388,707	)		(51,109	)		(568,159	)
Contract owners’ equity beginning of period		1,525,962			1,495,130			1,177,144			1,119,015			4,215,926			4,604,633			553,714			1,121,873
Contract owners’ equity end of period	$	1,310,738			1,525,962			1,071,507			1,177,144			3,794,604			4,215,926			502,605			553,714
CHANGES IN UNITS:
Beginning units		72,694			77,578			95,301			103,151			90,170			97,610			27,143			54,716
Units purchased		4,579			7,899			2,738			5,367			-			-			2,331			2,323
Units redeemed		(13,663	)		(12,783	)		(12,900	)		(13,217	)		(9,263	)		(7,440	)		(3,967	)		(29,896	)
Ending units		63,610			72,694			85,139			95,301			80,907			90,170			25,507			27,143

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	PMTRA						ACVI2					FCI						FEI
	2015			2014			2015			2014		2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	26,581			59,354			(5,938	)		-		9,069			10,334			130,037			79,100
Realized gain (loss) on investments		(24,163	)		(34,312	)		(3,040	)		-		9,060			11,558			(11,468	)		63,391
Change in unrealized gain (loss) on investments		(85,992	)		31,092			(76,885	)		-		(25,369	)		(17,886	)		(837,335	)		19,949
Reinvested capital gains		67,232			18,753			-			-		1,996			12,667			434,298			263,070
Net increase (decrease) in contract owners’ equity resulting from operations		(16,342	)		74,887			(85,863	)		-		(5,244	)		16,673			(284,468	)		425,510
Equity transactions:
Purchase payments received from contract owners (note 3)		49,996			70,968			44,196			-		-			-			180,350			179,703
Transfers between funds		(61,829	)		27,823			1,187,882			-		-			-			1,005			(31,743	)
Redemptions (note 3)		(427,238	)		(372,068	)		(46,582	)		-		(55,590	)		(53,548	)		(412,654	)		(664,465	)
Annuity benefits		-			-			-			-		-			-			(363	)		(362	)
Contract maintenance charges (note 2)		-			-			(197	)		-		(395	)		(430	)		(5,099	)		(5,362	)
Contingent deferred sales charges (note 2)		(1,122	)		(240	)		(7	)		-		-			-			(182	)		(1,363	)
Adjustments to maintain reserves		(296	)		(89	)		(10	)		-		34			8			86			332
Net equity transactions		(440,489	)		(273,606	)		1,185,282			-		(55,951	)		(53,970	)		(236,857	)		(523,260	)
Net change in contract owners’ equity		(456,831	)		(198,719	)		1,099,419			-		(61,195	)		(37,297	)		(521,325	)		(97,750	)
Contract owners’ equity beginning of period		2,404,699			2,603,418			-			-		340,824			378,121			6,115,700			6,213,450
Contract owners’ equity end of period	$	1,947,868			2,404,699			1,099,419			-		279,629			340,824			5,594,375			6,115,700
CHANGES IN UNITS:
Beginning units		122,077			135,767			-			-		2,534			2,945			41,708			45,454
Units purchased		5,234			11,198			125,370			-		-			-			1,606			1,542
Units redeemed		(27,370	)		(24,888	)		(6,375	)		-		(408	)		(411	)		(3,246	)		(5,288	)
Ending units		99,941			122,077			118,995			-		2,126			2,534			40,068			41,708

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FHIP						FMG						FPR						FO2
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	143			122			(59,071	)		(43,818	)		48,100			17,597			6,490			-
Realized gain (loss) on investments		1			3			(11,009	)		(17,126	)		50,772			108,349			(5,401	)		-
Change in unrealized gain (loss) on investments		(270	)		(128	)		(241,460	)		53,592			(375,140	)		(21,251	)		(125,296	)		-
Reinvested capital gains		-			-			530,454			927,142			302,675			411,672			2,082			-
Net increase (decrease) in contract owners’ equity resulting from operations		(126	)		(3	)		218,914			919,790			26,407			516,367			(122,125	)		-
Equity transactions:
Purchase payments received from contract owners (note 3)		-			-			264,415			264,840			258,301			205,205			85,388			-
Transfers between funds		-			-			(63,082	)		(25,457	)		435,479			143,015			2,283,833			-
Redemptions (note 3)		-			-			(872,816	)		(775,000	)		(785,914	)		(756,470	)		(163,211	)		-
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			(8,580	)		(8,886	)		(5,405	)		(5,392	)		(555	)		-
Contingent deferred sales charges (note 2)		-			-			(168	)		(118	)		(928	)		(934	)		(180	)		-
Adjustments to maintain reserves		(2	)		(2	)		(24	)		(10	)		13			(43	)		(27	)		-
Net equity transactions		(2	)		(2	)		(680,255	)		(544,631	)		(98,454	)		(414,619	)		2,205,248			-
Net change in contract owners’ equity		(128	)		(5	)		(461,341	)		375,159			(72,047	)		101,748			2,083,123			-
Contract owners’ equity beginning of period		2,625			2,630			8,010,407			7,635,248			5,969,069			5,867,321			-			-
Contract owners’ equity end of period	$	2,497			2,625			7,549,066			8,010,407			5,897,022			5,969,069			2,083,123			-
CHANGES IN UNITS:
Beginning units		69			69			188,529			202,330			120,282			129,234			-			-
Units purchased		-			-			7,120			8,621			14,962			10,717			241,109			-
Units redeemed		-			-			(22,653	)		(22,422	)		(16,945	)		(19,669	)		(18,643	)		-
Ending units		69			69			172,996			188,529			118,299			120,282			222,466			-

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	TIF2						OVGSS						PVF						PUIGA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	45,076			26,493			(11,702	)		701			(945	)		(1,664	)		54			(27	)
Realized gain (loss) on investments		(87,009	)		(10,895	)		(14,073	)		(23,744	)		27,165			29,318			8			10
Change in unrealized gain (loss) on investments		(206,186	)		(379,714	)		(184,871	)		(166,737	)		(41,166	)		(34,249	)		(123	)		(409	)
Reinvested capital gains		76,479			-			331,412			244,500			3,408			21,945			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(171,640	)		(364,116	)		120,766			54,720			(11,538	)		15,350			(61	)		(426	)
Equity transactions:
Purchase payments received from contract owners (note 3)		138,487			102,393			335,198			186,626			5,475			5,613			-			-
Transfers between funds		4,327			2,721,039			65,817			5,269,066			(10,388	)		31			-			-
Redemptions (note 3)		(265,431	)		(127,333	)		(732,228	)		(571,331	)		(95,116	)		(87,958	)		-			-
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		(951	)		(580	)		(2,754	)		(1,481	)		-			-			-			-
Contingent deferred sales charges (note 2)		(440	)		(120	)		(1,425	)		(315	)		(2,150	)		(560	)		-			-
Adjustments to maintain reserves		(31	)		(23	)		(27	)		(18	)		(20	)		11			(3	)		(5	)
Net equity transactions		(124,039	)		2,695,376			(335,419	)		4,882,547			(102,199	)		(82,863	)		(3	)		(5	)
Net change in contract owners’ equity		(295,679	)		2,331,260			(214,653	)		4,937,267			(113,737	)		(67,513	)		(64	)		(431	)
Contract owners’ equity beginning of period		2,331,260			-			4,937,267			-			186,858			254,371			4,838			5,269
Contract owners’ equity end of period	$	2,035,581			2,331,260			4,722,614			4,937,267			73,121			186,858			4,774			4,838
CHANGES IN UNITS:
Beginning units		269,216			-			488,575			-			8,009			11,766			265			265
Units purchased		35,794			297,085			49,175			589,780			1,595			547			-			-
Units redeemed		(50,336	)		(27,869	)		(81,089	)		(101,205	)		(6,210	)		(4,304	)		-			-
Ending units		254,674			269,216			456,661			488,575			3,394			8,009			265			265

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	PBF						WRASCA						SACSA					WFENAD
	2015			2014			2015			2014			2015			2014		2015			2014
Investment activity:
Net investment income (loss)	$	4,263			7,664			(5,162	)		(8,304	)		(5,230	)		-		(303	)		-
Realized gain (loss) on investments		20,359			9,052			48,279			34,243			(2,771	)		-		(482	)		-
Change in unrealized gain (loss) on investments		(112,414	)		(33,503	)		(88,273	)		(73,073	)		(297,389	)		-		(10,003	)		-
Reinvested capital gains		32,838			44,623			44,631			43,185			240,774			-		9,703			-
Net increase (decrease) in contract owners’ equity resulting from operations		(54,954	)		27,836			(525	)		(3,949	)		(64,616	)		-		(1,085	)		-
Equity transactions:
Purchase payments received from contract owners (note 3)		57,636			60,655			5,743			7,031			8,101			-		496			-
Transfers between funds		(35,743	)		163,196			(136,266	)		(93,864	)		2,153,586			-		126,820			-
Redemptions (note 3)		(63,341	)		(11,069	)		(60,768	)		(242,927	)		(12,027	)		-		(4,724	)		-
Annuity benefits		-			-			-			-			-			-		-			-
Contract maintenance charges (note 2)		(732	)		(716	)		-			-			(171	)		-		-			-
Contingent deferred sales charges (note 2)		-			(23	)		(11	)		-			-			-		-			-
Adjustments to maintain reserves		3			(11	)		(12	)		(42	)		(4	)		-		(4	)		-
Net equity transactions		(42,177	)		212,032			(191,314	)		(329,802	)		2,149,485			-		122,588			-
Net change in contract owners’ equity		(97,131	)		239,868			(191,839	)		(333,751	)		2,084,869			-		121,503			-
Contract owners’ equity beginning of period		1,119,436			879,568			525,726			859,477			-			-		-			-
Contract owners’ equity end of period	$	1,022,305			1,119,436			333,887			525,726			2,084,869			-		121,503			-
CHANGES IN UNITS:
Beginning units		38,495			31,246			17,485			28,978			-			-		-			-
Units purchased		2,009			8,097			1,583			1,093			217,315			-		12,731			-
Units redeemed		(3,407	)		(848	)		(7,531	)		(12,586	)		(2,415	)		-		(484	)		-
Ending units		37,097			38,495			11,537			17,485			214,900			-		12,247			-

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	SGRA					WFLCCA					WFLGA					WFAIVD
	2015			2014		2015			2014		2015			2014		2015			2014
Investment activity:
Net investment income (loss)	$	(2,215	)		-		95			-		(5,619	)		-		(1,875	)		(4,364	)
Realized gain (loss) on investments		276			-		10			-		35			-		13,113			17,983
Change in unrealized gain (loss) on investments		(120,365	)		-		(3,708	)		-		(146,992	)		-		(103,342	)		431
Reinvested capital gains		129,621			-		1,044			-		118,815			-		75,263			54,659
Net increase (decrease) in contract owners’ equity resulting from operations		7,317			-		(2,559	)		-		(33,761	)		-		(16,841	)		68,709
Equity transactions:
Purchase payments received from contract owners (note 3)		472			-		434			-		9,649			-		55,131			37,930
Transfers between funds		1,018,032			-		125,297			-		2,281,692			-		(26,599	)		(43,704	)
Redemptions (note 3)		(19,450	)		-		(529	)		-		(6,825	)		-		(64,259	)		(62,473	)
Annuity benefits		-			-		-			-		-			-		-			-
Contract maintenance charges (note 2)		-			-		-			-		(243	)		-		(742	)		(790	)
Contingent deferred sales charges (note 2)		-			-		-			-		-			-		-			-
Adjustments to maintain reserves		11			-		(7	)		-		(1	)		-		(11	)		(10	)
Net equity transactions		999,065			-		125,195			-		2,284,272			-		(36,480	)		(69,047	)
Net change in contract owners’ equity		1,006,382			-		122,636			-		2,250,511			-		(53,321	)		(338	)
Contract owners’ equity beginning of period		-			-		-			-		-			-		815,959			816,297
Contract owners’ equity end of period	$	1,006,382			-		122,636			-		2,250,511			-		762,638			815,959
CHANGES IN UNITS:
Beginning units		-			-		-			-		-			-		62,337			68,031
Units purchased		102,042			-		12,590			-		229,147			-		4,490			3,258
Units redeemed		(2,099	)		-		(65	)		-		(712	)		-		(7,428	)		(8,952	)
Ending units		99,943			-		12,525			-		228,435			-		59,399			62,337

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	OVGS4					TIF3					SCS						SE
	2015		2014			2015		2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	-		(23,114	)		-		(11,761	)		(24,879	)		(33,379	)		(1,524	)		(2,672	)
Realized gain (loss) on investments		-		1,942,752			-		639,829			374,786			158,451			16,095			31,051
Change in unrealized gain (loss) on investments		-		(1,936,974	)		-		(594,160	)		(356,934	)		(269,921	)		(19,034	)		(50,535	)
Reinvested capital gains		-		-			-		-			-			263,572			-			20,133
Net increase (decrease) in contract owners’ equity resulting from operations		-		(17,336	)		-		33,908			(7,027	)		118,723			(4,463	)		(2,023	)
Equity transactions:
Purchase payments received from contract owners (note 3)		-		119,810			-		51,729			44,904			65,746			4,436			3,911
Transfers between funds		-		(5,476,015	)		-		(2,801,810	)		(2,223,099	)		(90,576	)		(105,214	)		(4,170	)
Redemptions (note 3)		-		(269,227	)		-		(158,186	)		(289,198	)		(357,519	)		(60,559	)		(79,402	)
Annuity benefits		-		-			-		-			-			-			-			-
Contract maintenance charges (note 2)		-		(1,399	)		-		(514	)		(985	)		(1,244	)		-			-
Contingent deferred sales charges (note 2)		-		(555	)		-		(614	)		(74	)		(126	)		(168	)		(12	)
Adjustments to maintain reserves		-		(27	)		-		1			(51	)		(5	)		(11	)		(21	)
Net equity transactions		-		(5,627,413	)		-		(2,909,394	)		(2,468,503	)		(383,724	)		(161,516	)		(79,694	)
Net change in contract owners’ equity		-		(5,644,749	)		-		(2,875,486	)		(2,475,530	)		(265,001	)		(165,979	)		(81,717	)
Contract owners’ equity beginning of period		-		5,644,749			-		2,875,486			2,475,530			2,740,531			165,979			247,696
Contract owners’ equity end of period	$	-		-			-		-			-			2,475,530			-			165,979
CHANGES IN UNITS:
Beginning units		-		285,500			-		157,373			75,814			88,780			9,605			14,415
Units purchased		-		7,656			-		4,092			1,374			4,139			1,439			272
Units redeemed		-		(293,156	)		-		(161,465	)		(77,188	)		(17,105	)		(11,044	)		(5,082	)
Ending units		-		-			-		-			-			75,814			-			9,605

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	SGR						WFLCCI						STR						FO2R
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(10,149	)		(13,550	)		(1,543	)		(1,657	)		(24,937	)		(29,306	)		(7,767	)		(3,310	)
Realized gain (loss) on investments		127,561			86,879			28,608			16,773			914,855			93,689			368,125			91,987
Change in unrealized gain (loss) on investments		(110,290	)		(215,894	)		(22,143	)		5,992			(786,395	)		11,405			(202,144	)		(284,870	)
Reinvested capital gains		-			154,240			-			-			-			99,953			-			503
Net increase (decrease) in contract owners’ equity resulting from operations		7,122			11,675			4,922			21,108			103,523			175,741			158,214			(195,690	)
Equity transactions:
Purchase payments received from contract owners (note 3)		5,204			19,063			1,785			638			50,895			79,532			43,962			137,305
Transfers between funds		(1,027,080	)		33,096			(160,818	)		109,351			(2,323,527	)		(58,829	)		(1,906,258	)		(164,500	)
Redemptions (note 3)		(93,358	)		(265,710	)		(33,325	)		(46,683	)		(172,585	)		(105,375	)		(84,713	)		(122,942	)
Annuity benefits		-			-			-			-			-			-			-			-
Contract maintenance charges (note 2)		-			-			-			-			(1,137	)		(1,438	)		(392	)		(1,033	)
Contingent deferred sales charges (note 2)		(772	)		(741	)		-			-			(198	)		-			-			(111	)
Adjustments to maintain reserves		(23	)		30			(24	)		14			(19	)		16			2			(9	)
Net equity transactions		(1,116,029	)		(214,262	)		(192,382	)		63,320			(2,446,571	)		(86,094	)		(1,947,399	)		(151,290	)
Net change in contract owners’ equity		(1,108,907	)		(202,587	)		(187,460	)		84,428			(2,343,048	)		89,647			(1,789,185	)		(346,980	)
Contract owners’ equity beginning of period		1,108,907			1,311,494			187,460			103,032			2,343,048			2,253,401			1,789,185			2,136,165
Contract owners’ equity end of period	$	-			1,108,907			-			187,460			-			2,343,048			-			1,789,185
CHANGES IN UNITS:
Beginning units		39,295			47,709			9,060			5,621			54,330			56,407			118,806			128,389
Units purchased		1,052			4,496			3,445			7,202			1,287			3,012			6,129			10,358
Units redeemed		(40,347	)		(12,910	)		(12,505	)		(3,763	)		(55,617	)		(5,089	)		(124,935	)		(19,941	)
Ending units		-			39,295			-			9,060			-			54,330			-			118,806

NATIONWIDE VARIABLE ACCOUNT

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	ACVI4
	2015			2014
Investment activity:
Net investment income (loss)	$	(6,793	)		3,844
Realized gain (loss) on investments		381,196			9,483
Change in unrealized gain (loss) on investments		(292,499	)		(106,790	)
Reinvested capital gains		-			-
Net increase (decrease) in contract owners’ equity resulting from operations		81,904			(93,463	)
Equity transactions:
Purchase payments received from contract owners (note 3)		23,681			69,978
Transfers between funds		(1,231,987	)		(107,509	)
Redemptions (note 3)		(96,120	)		(196,508	)
Annuity benefits		-			-
Contract maintenance charges (note 2)		(375	)		(629	)
Contingent deferred sales charges (note 2)		(121	)		(19	)
Adjustments to maintain reserves		(19	)		(28	)
Net equity transactions		(1,304,941	)		(234,715	)
Net change in contract owners’ equity		(1,223,037	)		(328,178	)
Contract owners’ equity beginning of period		1,223,037			1,551,215
Contract owners’ equity end of period	$	-			1,223,037
CHANGES IN UNITS:
Beginning units		72,889			86,094
Units purchased		1,593			4,162
Units redeemed		(74,482	)		(17,367	)
Ending units		-			72,889

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT

NOTES TO FINANCIAL STATEMENTS

December 31, 2015

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide Variable Account (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on March 3, 1976. The Account is registered as a unit investment trust under the Investment Company Act of 1940. The Account is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, Financial Services – Investment Companies.

The Company offers Individual Deferred Variable Annuity Contracts through the Account. As of December 25, 1982, only tax qualified contracts are issued. The primary distribution for the contract is through the Company for Individual Retirement Account rollovers; however, other distributors may be utilized.

(b) The Contracts

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

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

INVESCO INVESTMENTS

Equity and Income Fund - Class A (VKEIA)

Growth and Income Fund - Class A (VKGIA)

Invesco Mid Cap Growth Fund - Class A (VKGA)

ABERDEEN FUNDS

Aberdeen Small Cap Fund - Class A (PRSCA)

Global Fixed Income Fund - Institutional Service Class (ADGFIS)

U.S. Equity Fund - Institutional Service Class (ADUES)

AMERICAN CENTURY INVESTORS, INC.

International Growth Fund: Class A (TCIGA)

International Growth Fund - Investor Class (TCIGR)

Growth Fund - Investor Class (TCG)

Income & Growth Fund - Class A (ACIGA)

Income & Growth Fund - Investor Class (IGF)

Short-Term Government Fund - Investor Class (BSTG)

Ultra(R) Fund - Investor Class (TCUL)

DELAWARE GROUP

High-Yield Opportunities Fund - Institutional Class (DWHYOI)

DREYFUS CORPORATION

Appreciation Fund, Inc. (DAF)

Balanced Opportunity Fund - Class Z (DPBOZ)

Dreyfus S&P 500 Index Fund (DSPI)

Intermediate Term Income Fund - Class A (DPITIA)

Opportunistic Small Cap Fund (DROSC)

Third Century Fund, Inc. - Class Z (DTC)

FEDERATED INVESTORS

Bond Fund - Class F Shares (FBDF)

Equity Income Fund, Inc. - Class F Shares (FEQIF)

High Yield Trust (FHYT)

Intermediate Corporate Bond Fund - Service Shares (FIIF)

FIDELITY INVESTMENTS

Advisor Balanced Fund - Class A (FABA)

Advisor Balanced Fund - Class T (FAB)

Advisor Equity Growth Fund - Class A (FAEGA)

Advisor Equity Income Fund - Class A (FAEIA)

Advisor Equity Income Fund - Class T (FAEI)

Advisor Growth Opportunities Fund - Class A (FAGOA)

Advisor Growth Opportunities Fund - Class T (FAGO)

Advisor High Income Advantage Fund - Class T (FAHY)

Advisor Overseas Fund - Class A (FAOA)

Asset Manager 50% (FAM)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Balance Sheet Investment Fund - Class A (FRBSI)

Foreign Fund - Class A (TFF)

Mutual Series Funds - Mutual Shares Fund - Class A (TMSF)

Small-Mid Cap Growth Fund - Class A (FSCG)

INVESCO INVESTMENTS

Real Estate Fund - Class A (AREA)

Small Cap Growth Fund - Investor Class (ASCGI)

JANUS FUNDS

Balanced Fund: Class S (JBS)

Class T (JF)

Overseas Fund: Class S (JOS)

Twenty Fund: Class T (JTF)

Global Research Fund - Class T (JWF)

Global Research Fund - Class S (JWS)

LAZARD FUNDS

U.S. Small-Mid Cap Equity Portfolio - Open Shares (LSC)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS Strategic Income Fund - Class A (MSI)

NATIONWIDE FUNDS GROUP

Bond Fund - Institutional Service Class (NBF)

Bond Index Fund - Class A (NBIXA)

Nationwide Fund: Class A (NFA)

Nationwide Fund - Institutional Service Class (NF)

Government Bond Fund - Institutional Service Class (NGBF)

Nationwide Growth Fund - Institutional Class (NGF)

International Index Fund - Class A (NIIXA)

Investor Destinations Aggressive Fund - Service Class (IDAS)

Investor Destinations Conservative Fund - Service Class (IDCS)

Investor Destinations Moderate Fund - Service Class (IDMS)

Investor Destinations Moderately Aggressive Fund - Service Class (IDMAS)

Investor Destinations Moderately Conservative Fund - Service Class (IDMCS)

Mid Cap Market Index Fund - Class A (NMCIXA)

Money Market Fund - Prime Shares (MMF)

Money Market Fund - Service Class (MMFR)

Nationwide Growth Fund - Class A (NGFA)

NVIT Cardinal Balanced Fund - Class II (NVCRB2)*

NVIT Cardinal Conservative Fund - Class II (NVCCN2)*

NVIT Cardinal Moderately Conservative Fund - Class II (NVCMC2)*

NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)*

NVIT Investor Destinations Conservative Fund - Class II (GVIDC)

NVIT Investor Destinations Moderate Fund - Class II (GVIDM)

NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)

NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)

NVIT Money Market Fund - Class I (SAM)*

NVIT Multi-Manager International Growth Fund - Class VI (NVMIG6)

S&P 500 Index Fund - Service Class (NIXR)

Small Cap Index Fund - Class A (NSCIXA)

Templeton NVIT International Value Fund - Class III (NVTIV3)

NEUBERGER & BERMAN MANAGEMENT, INC.

Genesis Fund - Trust Class (NBGST)

Guardian Fund - Investor Class (NBGF)

Guardian Fund - Trust Class (NBGT)

Large Cap Value Fund: Investor Class (PF)

Large Cap Value Fund: Trust Class (NBPT)

Short Duration Bond Fund - Investor Class (NLMB)

Socially Responsive Fund - Trust Class (NBSRT)

OPPENHEIMER FUNDS

Capital Appreciation Fund- Class A (OCAF)

Global Fund- Class A (OGF)

Global Strategic Income Fund - Class A (OSI)

PIMCO FUNDS

PIMCO Total Return Fund - Class A (PMTRA)

PORTFOLIOS OF THE AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

VP International Fund - Class II (ACVI2)

PORTFOLIOS OF THE FIDELITY(R) VARIABLE INSURANCE PRODUCTS

Capital & Income Fund (FCI)

Equity-Income Fund (FEI)

High Income Portfolio - Initial Class (FHIP)

Magellan(R) Fund (FMG)

Puritan Fund (FPR)

VIP Overseas Portfolio - Service Class 2 (FO2)

PORTFOLIOS OF THE FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRU

Templeton Foreign Securities Fund - Class 2 (TIF2)

PORTFOLIOS OF THE OPPENHEIMER VARIABLE ACCOUNT FUNDS

Global Securities Fund/VA - Service Class (OVGSS)

PORTFOLIOS OF THE PUTNAM VARIABLE TRUST

Putnam Voyager Fund: Class A (PVF)

PUTNAM INVESTMENTS

Putnam International Equity Fund - Class A (PUIGA)

VIRTUS MUTUAL FUNDS

Virtus Balanced Fund: Class A (PBF)

WADDELL & REED, INC.

Advisors Small Cap Fund - Class A (WRASCA)

WELLS FARGO FUNDS

Advantage Funds(R) - Common Stock Fund - Class A (SACSA)

Advantage Funds(R) - Enterprise Fund - Class A (WFENAD)

Advantage Funds(R) - Growth Fund - Class A (SGRA)

Advantage - Large Cap Core - Class A (WFLCCA)

Advantage Large Cap Growth Fund - Class A (WFLGA)

Advantage Intrinsic Value Fund - Administrative Class (WFAIVD)

* At December 31, 2015, contract owners were not invested in this fund.

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

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

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.

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

The Company allocates purchase payments to sub-accounts and/or the fixed account as instructed by the contract owner. Shares of the sub-accounts are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the contract.

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued at the closing net asset value per share at December 31, 2015 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

Operations of the Account form a part of, and are taxed with, operations of the Company which is taxed as a life insurance company under the Internal Revenue Code. The Company does not provide for income taxes within the Account. Taxes are generally 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.

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

(f) Calculation of Annuity Reserves

At each financial reporting date, the separate account financial statement includes an aggregate amount of net assets allocated to future contract benefits for the contracts in the payout (annuitization) period. The payout (annuitization) period begins when amounts accumulated under the contract (the contract value) are applied according to payment method selected by the contract owner.

Annuity reserves are computed for contracts in the variable payout stage according to industry standard mortality tables. The assumed investment return is 3.5% unless the annuitant elects otherwise, in which case the rate may vary from 3.5% to 7.0%, as regulated by the laws of the respective states. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Account by the Company to cover greater longevity of annuitants than expected. Conversely, if reserves exceed amounts required, transfers may be made to the Company.

(g) Recently Issued Accounting Standards

There are no recently issued accounting standards applicable to the Account.

(h) Subsequent Events

The Company evaluated subsequent events through the date the financial statements were issued with the Securities Exchange Commission (SEC), and no subsequent events have occurred requiring accrual or disclosure.

(2) Expenses

The Company does not deduct a sales charge from purchase payments received from the contract owners. However, for Soloist contracts, if any part of the contract value is redeemed, the Company will, with certain exceptions, deduct from a contract owners’ contract value a contingent deferred sales charge. For Soloist contracts issued prior to January 1, 1993, the contingent deferred sales charge will be equal to 5% of purchase payments redeemed from the contract. For Soloist contracts issued on or after January 1, 1993, the Company will deduct a contingent deferred sales charge not to exceed 7% of purchase payments redeemed. This charge declines 1% per year. For both contracts, after the purchase payment has been held in the contract for 7 years, the charge is 0%.

For Successor contracts, the standard contract does not include a contingent deferred sales charge. However, one of two optional contingent deferred sales charge schedules may be elected in return for a reduction in the annual mortality and expense risk charge.

Destination IA does not include a contigent deferred sales charge.

No sales charges are deducted on redemptions used to purchase units in the fixed investment options of the Company. On Soloist and Destination IA contracts, the Company deducts a contract maintenance charge of $30, which is satisfied by redeeming units. No contract maintenance charge is deducted on Successor contracts. The Company deducts a mortality and expense risk charge assessed through a reduction of the unit value. The Option table on the following page illustrates the annual rate for all contract level charges by product as well as the maximum variable account charge per product. The table also summarizes the contract level options available to contract holders. The options and related charges are described in more detail in the applicable product prospectus.

Nationwide Variable Account Options	Soloist	Successor	Destination IA
Variable Account Charge - Recurring	1.30%	1.20%	0.70%
Maximum Guaranteed Lifetime Withdrawal Fee - Recurring			1.20%
CDSC Options:
Seven Year CDSC		(0.25%)
Five Year CDSC		(0.10%)
Reduced Purchase Payment Option:
Initial lowered to $1,000 and subsequent lowered to $25.
In states other than Oregon		0.25%
In Oregon only		0.30%
Death Benefit Options:
Five-Year Reset (for contract issued on or after 1-2-01)		0.05%
If death before annuitization, benefit will be greatest of (i) contract value, (ii) purchase payments less surrencers or (iii) highest contract value before 86th birthday less surrenders.
One-Year Enhanced (for contracts issues on or after 1-2-01)		0.15%
If death before annuitization, benefit will be greatest of (i) contract value, (ii) purchase payments less surrencers or (iii) highest contract value before 86th birthday less surrenders.
Greater of One-Year or 5% Enhanced (for contract issued on or after 1-2-01)		0.20%
If death before annuitization, benefit will be greatest of (i) contract value, (ii) purchase payments less surrenders or (iii) highest contract value before 86th birthday less surrenders, or (iv) the 5% interest anniversary value.
Five-Year Reset (for contracts issued prior to 1-2-01)		0.05%
If death before annuitization, benefit will be greatest of (i) contract value, (ii) purchase payments less surrencers or (iii) contract value as of the most recent five-year contract anniversary prior to annuitant’s 86th birthday, less adjustment for amounts subsequently surrendered plus purchase payments received after that five-year contract anniversary.
One-Year Step Up (for contracts issued prior to 1-2-01)		0.10%
If death before annuitization, benefit will be greatest of (i) contract value, (ii) purchase payments less surrencers or (iii) highest contract value before 86th birthday less surrenders.
Guaranteed Minimum Income Benefit Options:
Provide for minimum guaranteed value that may replace contract value for annuitization under certain circumstances (for contracts issued prior to May 1, 2003)
Option 1		0.45%
Option 2		0.30%
Beneficiary Protector Option		0.40%
Upon annuitant death, in addition to any death benefit payable, an additional amount will be credited to contract.
Maximum Variable Account Charges*	1.30%	2.55%	1.90%

* The contract charges indicated in bold, when summarized, represent the Maximum Variable Account Charge if all optional benefits available under the contract are elected including the most expensive of the mutually exclusive optional benefits.

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

The following table provides variable account charges by asset fee rates for the period ended December 31, 2015.

	Total		VKEIA		VKGIA		VKGA		PRSCA		ADGFIS		ADUES		TCIGA
0.95%	$	120,445	$	87	$	2,588	$	5,246	$	2,862	$	-	$	-	$	25
1%		406		-		-		-		-		-		-		-
1.05%		3,380		-		-		57		-		-		-		-
1.1%		64,732		57		862		2,461		82		-		-		-
1.15%		31,738		-		688		106		-		-		-		-
1.2%		190,822		343		3,051		3,705		1,760		-		-		525
1.25%		25,860		11		286		623		603		-		-		57
1.3%		1,968,698		-		124		44,586		16,509		5,870		19,705		-
1.35%		44,528		3,498		943		959		18		-		-		-
1.4%		32,779		-		1,380		1,085		158		-		-		53
1.45%		144,803		252		2,586		2,462		620		-		-		159
1.5%		28,472		-		260		407		8		-		-		70
1.6%		736		-		4		14		-		-		-		-
1.65%		9,695		-		220		-		-		-		-		-
1.7%		5,618		-		-		-		-		-		-		-
1.75%		406		-		-		-		-		-		-		-
1.8%		377		-		-		-		-		-		-		-
1.9%		1,030		-		-		-		-		-		-		-
2.05%		26		4		-		-		-		-		-		-
Totals	$	2,674,551	$	4,252	$	12,992	$	61,711	$	22,620	$	5,870	$	19,705	$	889
	TCIGR		TCG		ACIGA		IGF		BSTG		TCUL		DWHYOI		DAF
0.95%	$	-	$	542	$	4,826	$	-	$	1,886	$	3,824	$	-	$	1,902
1%		-		-		-		-		-		-		-		-
1.05%		-		-		700		-		-		-		-		-
1.1%		-		3,741		1,987		-		106		1,267		-		700
1.15%		-		698		240		-		390		52		-		10
1.2%		-		1,542		4,840		-		735		5,749		-		6,166
1.25%		-		153		761		-		31		217		-		486
1.3%		6,142		62,002		111		43,173		10,586		76,565		11,890		22,020
1.35%		-		148		957		-		30		1,002		-		1,415
1.4%		-		936		1,796		-		80		498		-		56
1.45%		-		2,882		1,909		-		3,189		2,206		-		1,432
1.5%		-		617		488		-		125		563		-		979
1.6%		-		-		-		-		-		14		-		-
1.65%		-		-		1,140		-		85		133		-		186
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		-
1.9%		-		-		197		-		16		-		-		9
2.05%		-		-		-		-		-		-		-		-
	$	6,142	$	73,261	$	19,952	$	43,173	$	17,259	$	92,090	$	11,890	$	35,361
	DPBOZ		DSPI		DPITIA		DROSC		DTC		FBDF		FEQIF		FHYT
0.95%	$	518	$	-	$	-	$	163	$	397	$	765	$	-	$	8,391
1%		-		-		-		-		-		-		-		-
1.05%		122		-		-		-		-		-		-		-
1.1%		-		-		-		-		2		4		-		272
1.15%		15		-		-		34		-		-		-		465
1.2%		590		-		-		259		391		1,548		112		3,571
1.25%		-		-		-		65		259		41		232		283
1.3%		7,082		158,278		19,328		-		7,278		19,726		-		16,865
1.35%		137		-		-		-		-		24		-		245
1.4%		115		-		-		132		-		-		-		323
1.45%		1,417		-		-		61		260		1,421		83		2,627
1.5%		37		-		-		816		-		-		-		574
1.6%		8		-		-		-		-		-		-		-
1.65%		-		-		-		-		-		-		-		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		-
1.9%		-		-		-		-		-		15		-		96
2.05%		-		-		-		-		-		16		-		-
	$	10,041	$	158,278	$	19,328	$	1,530	$	8,587	$	23,560	$	427	$	33,712

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	FIIF		FABA		FAB		FAEGA		FAEIA		FAEI		FAGOA		FAGO
0.95%	$	3,404	$	209	$	-	$	1,445	$	2,961	$	-	$	786	$	-
1%		-		-		-		-		-		-		-		-
1.05%		-		130		-		-		436		-		-		-
1.1%		50		-		-		985		529		-		173		-
1.15%		88		-		-		180		985		-		250		-
1.2%		1,320		174		-		2,845		5,850		-		4,005		-
1.25%		36		280		-		392		1,494		-		50		-
1.3%		-		-		23,881		48		46		21,880		-		35,799
1.35%		556		253		-		388		1,914		-		315		-
1.4%		246		11		-		329		1,686		-		354		-
1.45%		548		157		-		3,163		7,001		-		879		-
1.5%		435		268		-		435		1,322		-		501		-
1.6%		-		-		-		-		72		-		-		-
1.65%		370		-		-		366		1,023		-		-		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		36		-		-		-
1.9%		1		-		-		-		185		-		-		-
2.05%		-		-		-		-		-		-		-		-
	$	7,054	$	1,482	$	23,881	$	10,576	$	25,540	$	21,880	$	7,313	$	35,799
	FAHY		FAOA		FAM		FRBSI		TFF		TMSF		FSCG		AREA
0.95%	$	107	$	-	$	-	$	2,058	$	819	$	5,146	$	3,008	$	1,995
1%		-		-		-		32		-		70		-		81
1.05%		-		-		-		-		65		138		571		-
1.1%		1		-		-		296		215		1,088		506		395
1.15%		-		-		-		703		-		1,094		70		1,296
1.2%		948		-		-		5,148		811		5,765		3,063		2,469
1.25%		28		-		-		510		4		963		910		431
1.3%		6,248		-		18,987		91		9,544		31,435		-		44
1.35%		-		7		-		1,017		121		1,370		301		397
1.4%		-		-		-		1,606		156		729		1,612		1,189
1.45%		32		-		-		5,899		491		4,092		2,121		2,745
1.5%		-		-		-		454		2		1,131		983		33
1.6%		-		-		-		4		-		324		29		12
1.65%		-		-		-		815		57		749		588		74
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		37		48		-
1.9%		8		-		-		-		-		105		-		12
2.05%		-		-		-		-		-		-		-		-
	$	7,372	$	7	$	18,987	$	18,633	$	12,285	$	54,236	$	13,810	$	11,173
	ASCGI		JBS		JF		JOS		JTF		JWF		JWS		LSC
0.95%	$	926	$	1,922	$	1,506	$	206	$	1,882	$	-	$	615	$	500
1%		-		-		-		-		-		-		-		-
1.05%		-		-		330		-		-		-		-		-
1.1%		2,881		-		359		-		1,116		53		-		-
1.15%		37		4,013		102		-		-		-		-		-
1.2%		1,812		4,718		1,735		351		5,263		192		1,246		51
1.25%		250		1,561		386		-		1,254		315		189		56
1.3%		59		55		48,059		-		187,156		24,469		-		41,644
1.35%		118		615		275		233		325		-		439		-
1.4%		-		592		64		69		1,127		-		340		-
1.45%		629		568		509		38		1,460		76		971		394
1.5%		494		397		8		196		245		-		4		-
1.6%		17		-		-		-		59		-		-		-
1.65%		53		-		46		-		118		-		74		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		-
1.9%		-		-		9		-		1		-		-		84
2.05%		-		-		1		-		-		-		-		-
	$	7,276	$	14,441	$	53,389	$	1,093	$	200,006	$	25,105	$	3,878	$	42,729
	MSI		NBF		NBIXA		NFA		NF		NGBF		NGF		NIIXA
0.95%	$	-	$	340	$	413	$	537	$	338	$	1,918	$	286	$	-
1%		-		-		-		-		-		-		-		-
1.05%		-		156		-		-		-		57		-		-
1.1%		-		-		11		1,190		-		645		-		29
1.15%		-		-		306		167		358		1,310		-		-
1.2%		-		91		1,025		2,098		1,023		1,673		53		-
1.25%		-		74		-		36		403		44		-		1
1.3%		16,360		15,154		67		8,278		33,682		19,779		4,032		-
1.35%		-		-		24		258		271		215		1		1
1.4%		-		-		77		79		172		823		-		-
1.45%		-		1,276		2,571		1,197		972		2,285		10		6
1.5%		-		-		164		138		33		1		-		-
1.6%		-		-		-		16		-		-		-		-
1.65%		-		-		-		-		20		-		-		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		-
1.9%		-		15		-		-		-		38		-		-
2.05%		-		4		-		-		-		-		-		-
	$	16,360	$	17,110	$	4,658	$	13,994	$	37,272	$	28,788	$	4,382	$	37

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	IDAS		IDCS		IDMS		IDMAS		IDMCS		NMCIXA		MMF		MMFR
0.95%	$	1,040	$	2,409	$	4,967	$	5,874	$	1,126	$	2,099	$	-	$	5,908
1%		-		-		-		-		-		93		-		-
1.05%		-		-		-		-		-		-		-		-
1.1%		689		-		4,762		378		671		322		-		11,842
1.15%		345		126		2,803		338		682		670		-		968
1.2%		5,190		1,996		12,642		12,577		2,708		3,058		-		6,523
1.25%		1,288		23		1,446		349		953		22		-		1,040
1.3%		-		-		110		37		-		49		85,263		183
1.35%		1,960		773		2,567		5,991		1,381		577		-		894
1.4%		1,581		-		189		835		381		1,110		-		589
1.45%		4,149		2,322		14,897		10,379		5,494		1,874		-		5,517
1.5%		1,012		58		929		3,877		94		905		-		1,871
1.6%		15		-		-		14		12		-		-		11
1.65%		89		-		834		177		-		123		-		-
1.7%		-		-		4,891		-		-		-		-		727
1.75%		-		-		388		-		-		-		-		18
1.8%		-		-		-		-		-		-		-		-
1.9%		-		-		27		28		-		-		-		59
2.05%		-		-		-		-		-		-		-		-
	$	17,358	$	7,707	$	51,452	$	40,854	$	13,502	$	10,902	$	85,263	$	36,150
	NGFA		GVIDA		GVIDC		GVIDM		GVDMA		GVDMC		NVMIG6		NIXR
0.95%	$	518	$	-	$	-	$	131	$	-	$	-	$	-	$	2,833
1%		-		-		-		-		-		-		-		-
1.05%		-		-		-		-		-		-		-		-
1.1%		219		-		-		448		-		-		-		2,379
1.15%		-		-		-		95		-		-		65		890
1.2%		506		-		-		919		-		-		92		6,723
1.25%		224		-		-		37		-		-		12		1,189
1.3%		7,203		20,977		8,613		38,684		46,526		12,261		3,263		21,515
1.35%		289		-		-		136		-		-		33		882
1.4%		51		-		-		-		-		-		-		176
1.45%		488		-		-		1,249		-		-		-		4,690
1.5%		-		-		-		-		-		-		-		2,022
1.6%		-		-		-		-		-		-		-		19
1.65%		-		-		-		-		-		-		-		44
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		119
1.9%		-		-		-		-		-		-		-		-
2.05%		-		-		-		-		-		-		-		1
	$	9,498	$	20,977	$	8,613	$	41,699	$	46,526	$	12,261	$	3,465	$	43,482
	NSCIXA		NVTIV3		NBGST		NBGF		NBGT		PF		NBPT		NLMB
0.95%	$	757	$	-	$	4,370	$	-	$	376	$	-	$	274	$	-
1%		-		-		47		-		-		-		-		-
1.05%		-		-		-		-		-		-		-		-
1.1%		470		74		2,884		-		168		-		90		-
1.15%		70		68		629		-		-		-		-		-
1.2%		2,094		-		12,378		-		925		-		383		-
1.25%		252		-		1,466		-		-		-		100		-
1.3%		-		3,638		66,376		20,278		-		35,047		-		7,032
1.35%		594		7		2,739		-		47		-		-		-
1.4%		453		74		2,593		-		12		-		-		-
1.45%		1,251		-		3,976		-		507		-		538		-
1.5%		200		-		990		-		-		-		-		-
1.6%		-		-		-		-		-		-		-		-
1.65%		70		-		-		-		-		-		-		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		-
1.9%		-		-		1		-		-		-		1		-
2.05%		-		-		-		-		-		-		-		-
	$	6,211	$	3,861	$	98,449	$	20,278	$	2,035	$	35,047	$	1,386	$	7,032
	NBSRT		OCAF		OGF		OSI		PMTRA		ACVI2		FCI		FEI
0.95%	$	966	$	2,639	$	2,490	$	743	$	2,737	$	50	$	-	$	-
1%		-		-		-		-		-		-		-		-
1.05%		-		102		516		-		-		-		-		-
1.1%		5,429		1,269		1,826		226		1,218		141		-		-
1.15%		425		934		-		140		5,819		155		-		-
1.2%		1,126		5,035		1,505		2,116		5,931		462		-		-
1.25%		25		344		516		481		687		8		-		-
1.3%		8,052		-		44,067		78		739		4,642		4,237		77,544
1.35%		268		641		246		640		1,253		97		-		-
1.4%		686		490		182		710		1,298		108		-		-
1.45%		798		881		1,056		1,686		5,214		258		-		-
1.5%		292		729		464		19		338		7		-		-
1.6%		-		18		16		25		7		2		-		-
1.65%		-		550		1		-		1,448		8		-		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		37		-		-		100		-		-		-
1.9%		-		-		74		-		-		-		-		-
2.05%		-		-		-		-		-		-		-		-
	$	18,067	$	13,669	$	52,959	$	6,864	$	26,789	$	5,938	$	4,237	$	77,544

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	FHIP		FMG		FPR		FO2		TIF2		OVGSS		PVF		PUIGA
0.95%	$	-	$	-	$	-	$	860	$	575	$	3,082	$	106	$	-
1%		-		-		-		-		-		83		-		-
1.05%		-		-		-		-		-		-		-		-
1.1%		-		-		-		106		835		638		36		-
1.15%		-		-		-		131		716		722		709		-
1.2%		-		-		-		1,716		2,457		4,203		610		-
1.25%		-		-		-		26		283		401		12		-
1.3%		33		103,186		79,892		13,039		21,628		48,543		-		-
1.35%		-		-		-		252		226		1,339		139		-
1.4%		-		-		-		99		1,026		795		-		-
1.45%		-		-		-		745		1,949		4,050		166		70
1.5%		-		-		-		46		75		1,432		22		1
1.6%		-		-		-		-		-		11		-		-
1.65%		-		-		-		19		32		162		-		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		-
1.9%		-		-		-		-		-		38		-		-
2.05%		-		-		-		-		-		-		-		-
	$	33	$	103,186	$	79,892	$	17,039	$	29,802	$	65,499	$	1,800	$	71
	PBF		WRASCA		SACSA		WFENAD		SGRA		WFLCCA		WFLGA		WFAIVD
0.95%	$	-	$	805	$	210	$	58	$	599	$	67	$	-	$	-
1%		-		-		-		-		-		-		-		-
1.05%		-		-		-		-		-		-		-		-
1.1%		-		999		32		8		612		24		-		-
1.15%		-		85		-		9		22		-		-		-
1.2%		-		1,432		458		23		309		67		-		-
1.25%		-		247		62		-		52		-		-		-
1.3%		14,275		-		4,025		-		-		-		5,649		10,755
1.35%		-		40		16		7		139		43		-		-
1.4%		-		566		10		26		83		10		-		-
1.45%		-		944		341		166		394		67		-		-
1.5%		-		34		74		6		5		-		-		-
1.6%		-		10		-		-		-		-		-		-
1.65%		-		-		-		-		-		-		-		-
1.7%		-		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-		-
1.9%		-		-		2		-		-		-		-		-
2.05%		-		-		-		-		-		-		-		-
	$	14,275	$	5,162	$	5,230	$	303	$	2,215	$	278	$	5,649	$	10,755
	SCS		SE		SGR		WFLCCI		STR		FO2R		ACVI4
0.95%	$	1,086	$	148	$	2,610	$	354	$	-	$	151	$	78
1%		-		-		-		-		-		-		-
1.05%		-		-		-		-		-		-		-
1.1%		151		44		2,707		625		-		96		251
1.15%		-		77		129		-		-		63		196
1.2%		2,542		327		1,408		263		-		780		722
1.25%		272		-		230		-		-		22		16
1.3%		18,488		-		-		-		24,937		6,046		7,151
1.35%		91		35		936		60		-		129		271
1.4%		42		108		362		41		-		47		173
1.45%		1,499		755		1,747		200		-		402		428
1.5%		699		30		20		-		-		22		11
1.6%		-		-		-		-		-		-		3
1.65%		-		-		-		-		-		9		12
1.7%		-		-		-		-		-		-		-
1.75%		-		-		-		-		-		-		-
1.8%		-		-		-		-		-		-		-
1.9%		9		-		-		-		-		-		-
2.05%		-		-		-		-		-		-		-
	$	24,879	$	1,524	$	10,149	$	1,543	$	24,937	$	7,767	$	9,312

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

(3) Related Party Transactions

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

Contract owners may, with certain restrictions, transfer their assets between the Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. The fixed account assets are not reflected in the accompanying financial statements. In addition, the Account portion of contract owner loans is transferred to the accounts of the Company for administration and collection. Loan repayments are transferred to the Account at the direction of the contract owner. For the years ended December 31, 2015 and 2014, total transfers to the Account from the fixed account were $215,500 and $535,388, respectively, and total transfers from the Account to the fixed account were $757,288 and $1,434,386, respectively. Transfers from the Account to the fixed account are included in redemptions, and transfers to the Account from the fixed account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Changes in Contract Owners’ Equity.

For guaranteed minimum death benefits, the Company contributed $8,255 and $8,317 to the Account in the form of additional premium to contract owner accounts for the years ended December 31, 2015 and 2014, respectively. These amounts are included in purchase payments received from contract owners and are credited at time of annuitant death.

(4) Fair Value Measurement

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.

In accordance with FASB ASC 820, the Account categorized its financial instruments into a three level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

The Account categorizes financial assets recorded at fair value as follows:

• Level 1 – Unadjusted quoted prices accessible in active markets and mutual funds where the value per share (unit) is determined and published and is the basis for current transactions for identical assets or liabilities at the measurement date.

• Level 2 – Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means.

• Level 3 – Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimate about the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.

The Account recognizes transfers between fair value hierarchy levels at the reporting period end. There were no transfers between Level 1 and 2 as of December 31, 2015.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2015:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	195,097,214	$	-	$	-	$	195,097,214

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2015 were as follows:

	Purchases of Investments		Sales of Investments
Equity and Income Fund - Class A (VKEIA)	$	45,068	$	34,223
Growth and Income Fund - Class A (VKGIA)		120,988		148,359
Invesco Mid Cap Growth Fund - Class A (VKGA)		1,116,219		574,656
Aberdeen Small Cap Fund - Class A (PRSCA)		801,130		348,457
Global Fixed Income Fund - Institutional Service Class (ADGFIS)		24,110		83,260
U.S. Equity Fund - Institutional Service Class (ADUES)		104,521		252,622
International Growth Fund: Class A (TCIGA)		3,414		13,169
International Growth Fund - Investor Class (TCIGR)		23,714		91,717
Growth Fund - Investor Class (TCG)		455,227		756,985
Income & Growth Fund - Class A (ACIGA)		197,270		194,763
Income & Growth Fund - Investor Class (IGF)		539,106		369,458
Short-Term Government Fund - Investor Class (BSTG)		66,192		290,357
Ultra(R) Fund - Investor Class (TCUL)		801,991		837,834
High-Yield Opportunities Fund - Institutional Class (DWHYOI)		153,287		136,614
Appreciation Fund, Inc. (DAF)		722,689		326,868
Balanced Opportunity Fund - Class Z (DPBOZ)		82,206		101,911
Dreyfus S&P 500 Index Fund (DSPI)		1,279,550		1,403,172
Intermediate Term Income Fund - Class A (DPITIA)		269,466		451,831
Opportunistic Small Cap Fund (DROSC)		84,894		89,645
Third Century Fund, Inc. - Class Z (DTC)		87,043		272,498
Bond Fund - Class F Shares (FBDF)		256,115		305,920
Equity Income Fund, Inc. - Class F Shares (FEQIF)		3,055		2,326
High Yield Trust (FHYT)		411,432		1,576,006
Intermediate Corporate Bond Fund - Service Shares (FIIF)		41,903		546,874
Advisor Balanced Fund - Class A (FABA)		13,436		51,222
Advisor Balanced Fund - Class T (FAB)		231,775		326,113
Advisor Equity Growth Fund - Class A (FAEGA)		81,087		50,958
Advisor Equity Income Fund - Class A (FAEIA)		228,769		181,610
Advisor Equity Income Fund - Class T (FAEI)		290,895		249,362
Advisor Growth Opportunities Fund - Class A (FAGOA)		99,393		120,178
Advisor Growth Opportunities Fund - Class T (FAGO)		476,829		432,884
Advisor High Income Advantage Fund - Class T (FAHY)		26,740		85,170
Advisor Overseas Fund - Class A (FAOA)		3		79
Asset Manager 50% (FAM)		108,538		229,981
Balance Sheet Investment Fund - Class A (FRBSI)		236,473		307,225
Foreign Fund - Class A (TFF)		12,111		164,237
Mutual Series Funds - Mutual Shares Fund - Class A (TMSF)		405,560		534,801
Small-Mid Cap Growth Fund - Class A (FSCG)		184,200		119,003
Real Estate Fund - Class A (AREA)		413,201		249,559
Small Cap Growth Fund - Investor Class (ASCGI)		493,391		163,135
Balanced Fund: Class S (JBS)		169,166		111,437
Class T (JF)		631,508		658,710
Overseas Fund: Class S (JOS)		4,539		38,924
Twenty Fund: Class T (JTF)		1,654,227		2,291,313
Global Research Fund - Class T (JWF)		14,269		247,543
Global Research Fund - Class S (JWS)		49,051		21,523

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

U.S. Small-Mid Cap Equity Portfolio - Open Shares (LSC)		872,694		480,044
MFS Strategic Income Fund - Class A (MSI)		126,215		167,513
Bond Fund - Institutional Service Class (NBF)		127,192		137,035
Bond Index Fund - Class A (NBIXA)		20,424		19,429
Nationwide Fund: Class A (NFA)		36,300		156,417
Nationwide Fund - Institutional Service Class (NF)		205,384		430,899
Government Bond Fund - Institutional Service Class (NGBF)		224,734		379,645
Nationwide Growth Fund - Institutional Class (NGF)		15,600		43,190
International Index Fund - Class A (NIIXA)		114		37
Investor Destinations Aggressive Fund - Service Class (IDAS)		190,870		182,245
Investor Destinations Conservative Fund - Service Class (IDCS)		42,750		160,664
Investor Destinations Moderate Fund - Service Class (IDMS)		445,419		451,979
Investor Destinations Moderately Aggressive Fund - Service Class (IDMAS)		360,617		617,405
Investor Destinations Moderately Conservative Fund - Service Class (IDMCS)		95,973		95,694
Mid Cap Market Index Fund - Class A (NMCIXA)		160,184		116,797
Money Market Fund - Prime Shares (MMF)		998,963		2,441,724
Money Market Fund - Service Class (MMFR)		638,759		880,711
Nationwide Growth Fund - Class A (NGFA)		233,885		165,661
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)		184,242		431,087
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)		174,517		26,235
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)		504,416		607,735
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)		512,222		463,069
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)		137,127		188,974
NVIT Multi-Manager International Growth Fund - Class VI (NVMIG6)		115,798		34,174
S&P 500 Index Fund - Service Class (NIXR)		785,277		433,446
Small Cap Index Fund - Class A (NSCIXA)		97,261		75,024
Templeton NVIT International Value Fund - Class III (NVTIV3)		94,600		19,144
Genesis Fund - Trust Class (NBGST)		995,815		1,642,134
Guardian Fund - Investor Class (NBGF)		180,375		239,952
Guardian Fund - Trust Class (NBGT)		24,637		32,867
Large Cap Value Fund: Investor Class (PF)		262,953		451,868
Large Cap Value Fund: Trust Class (NBPT)		12,955		53,381
Short Duration Bond Fund - Investor Class (NLMB)		107,607		144,446
Socially Responsive Fund - Trust Class (NBSRT)		202,155		275,132
Capital Appreciation Fund- Class A (OCAF)		154,472		164,269
Global Fund- Class A (OGF)		187,208		599,692
Global Strategic Income Fund - Class A (OSI)		64,939		80,487
PIMCO Total Return Fund - Class A (PMTRA)		198,280		544,702
VP International Fund - Class II (ACVI2)		1,235,921		56,568
Capital & Income Fund (FCI)		15,301		60,222
Equity-Income Fund (FEI)		763,950		436,326
High Income Portfolio - Initial Class (FHIP)		176		33
Magellan(R) Fund (FMG)		736,599		945,448
Puritan Fund (FPR)		946,269		693,961
VIP Overseas Portfolio - Service Class 2 (FO2)		2,388,058		174,220
Templeton Foreign Securities Fund - Class 2 (TIF2)		395,634		398,137
Global Securities Fund/VA - Service Class (OVGSS)		675,344		691,075
Putnam Voyager Fund: Class A (PVF)		36,950		136,666
Putnam International Equity Fund - Class A (PUIGA)		125		71
Virtus Balanced Fund: Class A (PBF)		96,336		101,415
Advisors Small Cap Fund - Class A (WRASCA)		77,558		229,419
Advantage Funds(R) - Common Stock Fund - Class A (SACSA)		2,409,405		24,373
Advantage Funds(R) - Enterprise Fund - Class A (WFENAD)		136,630		4,638
Advantage Funds(R) - Growth Fund - Class A (SGRA)		1,153,211		26,750
Advantage - Large Cap Core - Class A (WFLCCA)		127,180		839
Advantage Large Cap Growth Fund - Class A (WFLGA)		2,406,661		9,192
Advantage Intrinsic Value Fund - Administrative Class (obsolete) (WFAIVD)		130,644		93,726
Wells Fargo Advantage Funds - Common Stock Fund: Investor Class (obsolete) (SCS)		29,081		2,522,451
Advantage Funds - Enterprise Fund - Investor Class (obsolete) (SE)		26,037		189,086
Advantage Growth Fund - Investor Class (obsolete) (SGR)		29,353		1,155,536
Advantage - Large Cap Core - Investor Class (obsolete) (WFLCCI)		65,966		259,884
Advantage Large Cap Growth Fund - Investor Class (obsolete) (STR)		33,773		2,505,278
VIP Overseas Portfolio - Service Class 2 R (obsolete) (FO2R)		80,310		2,035,499
VP International Fund - Class IV (obsolete) (ACVI4)		23,323		1,335,085
Total	$	37,328,479	$	43,365,297

(5) Financial Highlights

The Company offers several variable annuity products through the Account that have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit fair values and total returns. The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable annuity contracts as of December 31, 2015, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2015. The information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by identifying the lowest and the highest contract expense rate for contracts with units outstanding as of the balance sheet date. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented. Total return and investment income ratio for periods with no ending contract owners’ equity were considered to be irrelevant, and therefore are not presented. Contract owners’ equity presented below may not agree to the contract owners’ equity presented in the Statements of Changes due to reserves for annuity contracts in payout.

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Equity and Income Fund - Class A (VKEIA)
2015		0.95%	to	2.05%		22,758	$	13.48	to	$	12.80	$	301,280		2.20%		-3.28%	to	-4.35%
2014		0.95%	to	2.05%		22,800		13.93	to		13.38		313,379		2.66%		8.03%	to	6.83%
2013		0.95%	to	2.05%		21,112		12.90	to		12.53		269,661		1.94%		23.77%	to	22.40%
2012		0.95%	to	2.05%		23,806		10.42	to		10.23		246,545		2.46%		11.81%	to	10.56%
2011		0.95%	to	2.05%		9,998		9.32	to		9.26		92,977		1.49%		-6.80%	to	-7.44%	****
Growth and Income Fund - Class A (VKGIA)
2015		0.95%	to	1.65%		40,588		25.09	to		22.93		985,741		1.47%		-4.07%	to	-4.75%
2014		0.95%	to	1.65%		44,470		26.15	to		24.08		1,128,027		1.79%		9.10%	to	8.33%
2013		0.95%	to	1.65%		53,893		23.97	to		22.23		1,259,679		1.29%		32.57%	to	31.64%
2012		0.95%	to	1.65%		62,426		18.08	to		16.88		1,105,642		1.54%		13.49%	to	12.68%
2011		0.95%	to	1.65%		86,270		15.93	to		14.98		1,354,117		1.26%		-3.02%	to	-3.70%
Invesco Mid Cap Growth Fund - Class A (VKGA)
2015		0.95%	to	1.65%		151,162		33.14	to		30.30		4,831,566		0.00%		0.26%	to	-0.45%
2014		0.95%	to	1.65%		143,438		33.06	to		30.43		4,568,841		0.00%		6.90%	to	6.15%
2013		0.95%	to	1.65%		165,074		30.92	to		28.67		4,935,643		0.00%		35.71%	to	34.75%
2012		0.95%	to	1.50%		30,739		22.79	to		21.59		688,689		0.00%		10.70%	to	10.09%
2011		0.95%	to	1.50%		37,463		20.58	to		19.61		759,645		0.00%		-9.97%	to	-10.47%
Aberdeen Small Cap Fund - Class A (PRSCA)
2015		0.95%	to	1.50%		63,911		32.98	to		30.23		2,284,863		0.00%		7.26%	to	6.67%
2014		0.95%	to	1.50%		47,699		30.75	to		28.34		1,646,462		0.00%		5.72%	to	5.13%
2013		0.95%	to	1.50%		50,050		29.09	to		26.95		1,637,389		0.00%		40.80%	to	40.02%
2012		0.95%	to	1.50%		54,658		20.66	to		19.25		1,270,753		0.00%		12.98%	to	12.35%
2011		0.95%	to	1.50%		65,597		18.28	to		17.13		1,358,086		0.33%		-7.22%	to	-7.73%
Global Fixed Income Fund - Institutional Service Class (ADGFIS)
2015				1.30%		40,275					10.15		408,704		0.32%				-5.94%
2014				1.30%		45,516					10.79		491,057		2.16%				-2.76%
2013				1.30%		50,873					11.10		564,456		1.28%				-4.33%
2012				1.30%		64,761					11.60		751,061		1.11%				3.32%
2011				1.30%		69,098					11.22		775,593		3.12%				2.46%
U.S. Equity Fund - Institutional Service Class (ADUES)
2015				1.30%		87,681					15.72		1,378,070		0.92%				-5.01%
2014				1.30%		100,216					16.55		1,658,192		1.03%				6.55%
2013				1.30%		111,074					15.53		1,724,931		1.07%				25.99%
2012				1.30%		115,225					12.33		1,420,282		1.04%				14.83%
2011				1.30%		136,054					10.73		1,460,438		0.22%				7.34%	****
International Growth Fund: Class A (TCIGA)
2015		0.95%	to	1.50%		5,866		10.83	to		9.93		60,280		0.27%		-0.57%	to	-1.13%
2014		0.95%	to	1.50%		7,021		10.90	to		10.04		73,087		0.69%		-6.43%	to	-6.95%
2013		0.95%	to	1.50%		9,349		11.64	to		10.79		105,277		0.97%		21.40%	to	20.72%
2012		0.95%	to	1.50%		10,666		9.59	to		8.94		99,315		1.46%		20.43%	to	19.76%
2011		0.95%	to	1.50%		12,184		7.97	to		7.46		94,360		0.74%		-12.91%	to	-13.39%
International Growth Fund - Investor Class (TCIGR)
2015				1.30%		12,950					30.72		397,870		0.44%				-0.73%
2014				1.30%		15,665					30.95		484,804		0.98%				-6.57%
2013				1.30%		16,745					33.13		554,689		1.49%				21.35%
2012				1.30%		21,618					27.30		590,110		1.79%				20.28%
2011				1.30%		26,185					22.69		594,261		1.22%				-12.99%
Growth Fund - Investor Class (TCG)
2015		0.95%	to	1.50%		95,491		12.91	to		11.83		5,313,217		0.32%		3.57%	to	2.99%
2014		0.95%	to	1.50%		108,782		12.47	to		11.49		5,723,007		0.27%		10.17%	to	9.56%
2013		0.95%	to	1.50%		134,560		11.32	to		10.49		6,073,758		0.36%		28.14%	to	27.43%
2012		0.95%	to	1.50%		144,835		8.83	to		8.23		5,593,908		0.87%		12.83%	to	12.20%
2011		0.95%	to	1.50%		171,700		7.83	to		7.34		5,522,792		0.46%		-1.84%	to	-2.38%
Income & Growth Fund - Class A (ACIGA)
2015		0.95%	to	1.90%		107,376		14.76	to		12.69		1,526,225		1.91%		-6.80%	to	-7.69%
2014		0.95%	to	1.90%		114,739		15.84	to		13.75		1,755,481		1.82%		11.15%	to	10.09%
2013		0.95%	to	1.90%		126,524		14.25	to		12.49		1,745,830		1.98%		34.09%	to	32.81%
2012		0.95%	to	1.90%		149,912		10.63	to		9.40		1,544,799		1.87%		13.21%	to	12.12%
2011		0.95%	to	1.90%		156,001		9.39	to		8.39		1,424,932		1.31%		1.75%	to	0.77%
Income & Growth Fund - Investor Class (IGF)
2015				1.30%		106,114					29.48		3,128,684		2.16%				-6.89%
2014				1.30%		108,068					31.67		3,422,213		2.09%				11.05%
2013				1.30%		115,075					28.52		3,281,439		2.29%				33.96%
2012				1.30%		115,520					21.29		2,459,020		2.08%				13.03%
2011				1.30%		134,955					18.83		2,541,597		1.55%				1.68%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Short-Term Government Fund - Investor Class (BSTG)
2015		0.95%	to	1.90%		63,426	$	13.25	to	$	11.40	$	1,192,599		0.53%		-0.84%	to	-1.79%
2014		0.95%	to	1.90%		74,772		13.36	to		11.60		1,422,021		0.43%		-0.63%	to	-1.58%
2013		0.95%	to	1.90%		77,831		13.45	to		11.79		1,508,883		0.21%		-1.35%	to	-2.30%
2012		0.95%	to	1.90%		108,398		13.63	to		12.07		2,048,340		0.33%		-0.66%	to	-1.61%
2011		0.95%	to	1.90%		110,359		13.72	to		12.26		2,123,419		0.76%		0.58%	to	-0.39%
Ultra(R) Fund - Investor Class (TCUL)
2015		0.95%	to	1.65%		262,570		12.96	to		11.59		7,089,191		0.22%		5.15%	to	4.40%
2014		0.95%	to	1.65%		265,770		12.32	to		11.10		7,044,948		0.32%		8.87%	to	8.10%
2013		0.95%	to	1.65%		292,723		11.32	to		10.27		7,193,793		0.32%		35.61%	to	34.66%
2012		0.95%	to	1.65%		328,206		8.35	to		7.63		5,953,373		0.48%		13.09%	to	12.29%
2011		0.95%	to	1.65%		376,005		7.38	to		6.79		6,007,201		0.00%		0.23%	to	-0.47%
High-Yield Opportunities Fund - Institutional Class (DWHYOI)
2015				1.30%		45,923					17.66		810,966		6.20%				-7.74%
2014				1.30%		47,405					19.14		907,332		5.78%				-1.77%
2013				1.30%		51,699					19.49		1,007,394		6.65%				7.67%
2012				1.30%		53,365					18.10		965,740		7.53%				16.19%
2011				1.30%		43,302					15.58		674,459		8.10%				0.87%
Appreciation Fund, Inc. (DAF)
2015		0.95%	to	1.90%		149,963		15.05	to		12.94		2,586,803		1.66%		-3.44%	to	-4.37%
2014		0.95%	to	1.90%		162,046		15.59	to		13.53		2,912,278		1.65%		7.24%	to	6.21%
2013		0.95%	to	1.90%		178,829		14.53	to		12.74		3,000,290		1.74%		20.30%	to	19.14%
2012		0.95%	to	1.90%		201,744		12.08	to		10.69		2,764,269		1.64%		9.13%	to	8.08%
2011		0.95%	to	1.90%		221,462		11.07	to		9.89		2,788,053		1.43%		6.60%	to	5.58%
Balanced Opportunity Fund - Class Z (DPBOZ)
2015		0.95%	to	1.60%		51,166		14.97	to		13.92		737,117		1.02%		-1.33%	to	-1.98%
2014		0.95%	to	1.60%		54,674		15.17	to		14.20		801,868		0.99%		6.57%	to	5.87%
2013		0.95%	to	1.60%		61,290		14.23	to		13.41		848,406		0.99%		20.01%	to	19.22%
2012		0.95%	to	1.60%		66,287		11.86	to		11.25		766,707		1.20%		12.35%	to	11.61%
2011		0.95%	to	1.60%		73,716		10.56	to		10.08		761,263		1.26%		-2.67%	to	-3.31%
Dreyfus S&P 500 Index Fund (DSPI)
2015				1.30%		236,442					48.94		11,570,609		1.60%				-0.40%
2014				1.30%		252,626					49.13		12,412,242		1.56%				11.68%
2013				1.30%		267,603					44.00		11,773,528		1.64%				30.05%
2012				1.30%		276,731					33.83		9,362,126		1.78%				13.95%
2011				1.30%		308,314					29.69		9,153,730		1.50%				0.33%
Intermediate Term Income Fund - Class A (DPITIA)
2015				1.30%		117,563					12.64		1,485,976		2.22%				-2.73%
2014				1.30%		133,452					12.99		1,734,129		1.95%				3.41%
2013				1.30%		107,842					12.57		1,355,191		2.36%				-2.59%
2012				1.30%		117,378					12.90		1,514,251		2.33%				5.79%
2011				1.30%		126,265					12.19		1,539,777		2.93%				5.92%
Opportunistic Small Cap Fund (DROSC)
2015		0.95%	to	1.50%		6,249		18.08	to		17.68		111,298		0.33%		-3.63%	to	-4.17%
2014		0.95%	to	1.50%		6,952		18.77	to		18.45		128,968		0.00%		0.05%	to	-0.50%
2013		0.95%	to	1.50%		6,750		18.76	to		18.54		125,788		0.00%		46.38%	to	45.57%
2012		1.20%	to	1.25%		1,580		12.78	to		12.77		20,186		0.00%		19.28%	to	19.22%
2011		1.20%	to	1.25%		735					10.71		7,873		0.00%		7.12%	to	7.11%	****
Third Century Fund, Inc. - Class Z (DTC)
2015		0.95%	to	1.45%		24,200		10.82	to		10.00		576,897		0.81%		-4.12%	to	-4.60%
2014		0.95%	to	1.45%		31,270		11.29	to		10.48		851,123		0.98%		12.07%	to	11.51%
2013		0.95%	to	1.45%		28,649		10.07	to		9.40		650,096		1.21%		32.81%	to	32.14%
2012		0.95%	to	1.45%		30,148		7.58	to		7.11		526,210		0.67%		10.60%	to	10.04%
2011		0.95%	to	1.45%		31,777		6.86	to		6.46		531,455		0.64%		-0.26%	to	-0.76%
Bond Fund - Class F Shares (FBDF)
2015		0.95%	to	2.05%		72,232		21.75	to		18.26		1,614,536		4.21%		-2.91%	to	-3.99%
2014		0.95%	to	2.05%		77,607		22.40	to		19.02		1,792,897		4.18%		4.76%	to	3.59%
2013		0.95%	to	2.05%		88,730		21.39	to		18.36		1,963,068		4.42%		-0.17%	to	-1.28%
2012		0.95%	to	2.05%		99,418		21.42	to		18.60		2,212,934		4.89%		9.17%	to	7.96%
2011		0.95%	to	2.05%		84,745		19.62	to		17.23		1,737,713		5.39%		5.01%	to	3.84%
Equity Income Fund, Inc. - Class F Shares (FEQIF)
2015		1.20%	to	1.45%		2,479		13.32	to		12.82		32,678		1.77%		-6.79%	to	-7.02%
2014		1.20%	to	1.45%		2,459		14.29	to		13.79		34,787		1.47%		6.34%	to	6.07%
2013		0.95%	to	1.45%		4,171		13.90	to		13.00		56,170		1.41%		30.07%	to	29.41%
2012		0.95%	to	1.45%		5,018		10.69	to		10.04		52,061		2.78%		9.83%	to	9.27%
2011		0.95%	to	1.45%		11,965		9.73	to		9.19		112,671		2.61%		6.15%	to	5.62%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
High Yield Trust (FHYT)
2015		0.95%	to	1.90%		84,526	$	22.75	to	$	19.56	$	1,788,776		4.94%		-4.50%	to	-5.41%
2014		0.95%	to	1.90%		138,496		23.82	to		20.68		3,162,569		4.86%		3.06%	to	2.07%
2013		0.95%	to	1.90%		165,948		23.11	to		20.26		3,677,026		5.23%		11.12%	to	10.05%
2012		0.95%	to	1.90%		157,579		20.80	to		18.41		3,126,738		6.44%		17.21%	to	16.08%
2011		0.95%	to	1.90%		137,795		17.75	to		15.86		2,325,698		6.65%		2.50%	to	1.52%
Intermediate Corporate Bond Fund - Service Shares (FIIF)
2015		0.95%	to	1.90%		17,742		17.67	to		15.26		297,152		3.38%		-1.26%	to	-2.21%
2014		0.95%	to	1.90%		46,777		17.90	to		15.60		821,606		3.56%		3.05%	to	2.06%
2013		0.95%	to	1.90%		25,007		17.37	to		15.29		416,260		3.86%		0.00%	to	-0.96%
2012		0.95%	to	1.90%		37,865		17.37	to		15.43		636,525		4.01%		8.33%	to	7.28%
2011		0.95%	to	1.90%		41,523		16.03	to		14.39		648,172		4.38%		1.90%	to	0.92%
Advisor Balanced Fund - Class A (FABA)
2015		0.95%	to	1.50%		5,141		17.28	to		15.84		84,728		1.05%		-0.92%	to	-1.47%
2014		0.95%	to	1.50%		7,647		17.44	to		16.08		127,980		1.12%		8.79%	to	8.18%
2013		0.95%	to	1.50%		7,548		16.03	to		14.86		116,485		1.04%		19.06%	to	18.40%
2012		0.95%	to	1.50%		10,391		13.47	to		12.55		135,160		1.26%		11.32%	to	10.70%
2011		0.95%	to	1.50%		17,211		12.10	to		11.34		202,783		1.45%		0.40%	to	-0.16%
Advisor Balanced Fund - Class T (FAB)
2015				1.30%		70,241					23.88		1,677,086		0.87%				-1.53%
2014				1.30%		76,575					24.25		1,856,690		0.87%				8.16%
2013				1.30%		66,146					22.42		1,482,843		0.87%				18.39%
2012				1.30%		66,501					18.94		1,259,205		1.21%				10.64%
2011				1.30%		59,697					17.11		1,021,638		1.32%				-0.11%
Advisor Equity Growth Fund - Class A (FAEGA)
2015		0.95%	to	1.65%		69,961		12.84	to		11.52		858,254		0.00%		5.73%	to	4.98%
2014		0.95%	to	1.65%		68,164		12.14	to		10.98		792,514		0.00%		9.85%	to	9.07%
2013		0.95%	to	1.65%		73,519		11.05	to		10.06		781,979		0.00%		34.35%	to	33.40%
2012		0.95%	to	1.65%		76,497		8.23	to		7.54		607,246		0.00%		13.10%	to	12.30%
2011		0.95%	to	1.65%		95,472		7.27	to		6.72		671,499		0.00%		-0.98%	to	-1.68%
Advisor Equity Income Fund - Class A (FAEIA)
2015		0.95%	to	1.90%		101,379		19.31	to		16.60		1,860,007		2.95%		-5.33%	to	-6.24%
2014		0.95%	to	1.90%		107,331		20.40	to		17.71		2,086,190		2.31%		7.37%	to	6.34%
2013		0.95%	to	1.90%		113,997		19.00	to		16.65		2,073,968		1.96%		26.27%	to	25.06%
2012		0.95%	to	1.90%		126,885		15.04	to		13.32		1,832,057		2.47%		15.70%	to	14.58%
2011		0.95%	to	1.90%		150,911		13.00	to		11.62		1,896,404		1.98%		-0.52%	to	-1.47%
Advisor Equity Income Fund - Class T (FAEI)
2015				1.30%		55,331					28.79		1,592,708		2.68%				-5.85%
2014				1.30%		58,254					30.57		1,781,059		2.03%				6.72%
2013				1.30%		62,482					28.65		1,789,970		1.69%				25.58%
2012				1.30%		76,388					22.81		1,742,583		2.26%				15.06%
2011				1.30%		82,492					19.83		1,635,451		1.75%				-1.09%
Advisor Growth Opportunities Fund - Class A (FAGOA)
2015		0.95%	to	1.50%		39,198		14.87	to		13.63		559,852		0.00%		3.84%	to	3.26%
2014		0.95%	to	1.50%		44,201		14.32	to		13.20		608,153		0.00%		10.63%	to	10.02%
2013		0.95%	to	1.50%		46,725		12.95	to		12.00		582,728		0.00%		35.26%	to	34.51%
2012		0.95%	to	1.50%		50,561		9.57	to		8.92		467,341		0.00%		17.84%	to	17.18%
2011		0.95%	to	1.50%		44,584		8.12	to		7.61		349,256		0.00%		0.94%	to	0.38%
Advisor Growth Opportunities Fund - Class T (FAGO)
2015				1.30%		106,324					25.00		2,657,985		0.00%				3.23%
2014				1.30%		113,907					24.22		2,758,344		0.00%				9.99%
2013				1.30%		114,109					22.02		2,512,346		0.00%				34.52%
2012				1.30%		118,799					16.37		1,944,381		0.00%				17.19%
2011				1.30%		127,085					13.97		1,774,960		0.00%				0.42%
Advisor High Income Advantage Fund - Class T (FAHY)
2015		0.95%	to	1.90%		18,235		24.21	to		20.82		518,441		4.66%		-3.99%	to	-4.91%
2014		0.95%	to	1.90%		20,719		25.22	to		21.90		617,855		4.06%		2.88%	to	1.89%
2013		0.95%	to	1.90%		23,033		24.52	to		21.49		670,355		4.52%		9.02%	to	7.97%
2012		0.95%	to	1.90%		26,281		22.49	to		19.90		702,423		4.94%		16.98%	to	15.85%
2011		0.95%	to	1.90%		25,766		19.22	to		17.18		601,339		6.11%		-1.11%	to	-2.05%
Advisor Overseas Fund - Class A (FAOA)
2015		1.20%	to	1.50%		63		12.66	to		12.08		794		0.35%		2.39%	to	2.08%
2014		1.20%	to	1.50%		68		12.36	to		11.84		839		0.02%		-9.70%	to	-9.97%
2013		0.95%	to	1.50%		409		14.16	to		13.15		5,729		0.77%		29.43%	to	28.71%
2012		0.95%	to	1.50%		592		10.94	to		10.22		6,362		1.50%		19.62%	to	18.95%
2011		0.95%	to	1.50%		678		9.14	to		8.59		6,087		1.33%		-18.65%	to	-19.10%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Asset Manager 50% (FAM)
2015				1.30%		43,694				$	29.99	$	1,310,552		1.77%				-1.73%
2014				1.30%		49,475					30.52		1,510,078		1.53%				4.11%
2013				1.30%		55,673					29.32		1,632,199		1.40%				12.48%
2012				1.30%		63,385					26.07		1,652,169		1.58%				9.92%
2011				1.30%		67,768					23.71		1,607,050		1.77%				-1.93%
Balance Sheet Investment Fund - Class A (FRBSI)
2015		0.95%	to	1.65%		50,386		26.80	to		24.06		1,284,459		0.63%		-10.28%	to	-10.92%
2014		0.95%	to	1.65%		59,720		29.87	to		27.00		1,702,575		0.31%		-0.23%	to	-0.94%
2013		0.95%	to	1.65%		66,572		29.94	to		27.26		1,908,757		1.16%		35.32%	to	34.36%
2012		0.95%	to	1.65%		87,231		22.13	to		20.29		1,861,773		1.43%		14.54%	to	13.73%
2011		0.95%	to	1.65%		109,046		19.32	to		17.84		2,042,848		0.50%		-7.25%	to	-7.90%
Foreign Fund - Class A (TFF)
2015		0.95%	to	1.65%		35,755		17.50	to		15.66		826,378		1.21%		-7.97%	to	-8.62%
2014		0.95%	to	1.65%		41,215		19.02	to		17.14		1,049,640		2.43%		-11.65%	to	-12.27%
2013		0.95%	to	1.65%		45,279		21.52	to		19.54		1,311,578		1.40%		25.96%	to	25.07%
2012		0.95%	to	1.65%		50,054		17.09	to		15.62		1,157,090		2.25%		17.43%	to	16.59%
2011		0.95%	to	1.65%		54,681		14.55	to		13.40		1,079,973		2.10%		-13.54%	to	-14.15%
Mutual Series Funds - Mutual Shares Fund - Class A (TMSF)
2015		0.95%	to	1.90%		166,821		22.50	to		19.34		3,821,268		1.67%		-5.01%	to	-5.92%
2014		0.95%	to	1.90%		183,117		23.68	to		20.56		4,434,449		2.81%		6.28%	to	5.26%
2013		0.95%	to	1.90%		213,654		22.28	to		19.53		4,872,229		1.37%		26.53%	to	25.32%
2012		0.95%	to	1.90%		236,898		17.61	to		15.59		4,280,497		1.88%		13.66%	to	12.56%
2011		0.95%	to	1.90%		273,575		15.50	to		13.85		4,361,527		2.01%		-2.72%	to	-3.65%
Small-Mid Cap Growth Fund - Class A (FSCG)
2015		0.95%	to	1.80%		77,471		13.92	to		12.16		1,034,687		0.00%		-2.91%	to	-3.74%
2014		0.95%	to	1.80%		78,722		14.34	to		12.63		1,084,690		0.00%		6.51%	to	5.60%
2013		0.95%	to	1.80%		87,928		13.46	to		11.96		1,142,548		0.00%		37.27%	to	36.09%
2012		0.95%	to	1.80%		100,576		9.81	to		8.79		955,270		0.00%		9.73%	to	8.78%
2011		0.95%	to	1.80%		115,534		8.94	to		8.08		1,002,423		0.00%		-5.80%	to	-6.60%
Real Estate Fund - Class A (AREA)
2015		0.95%	to	1.90%		69,382		14.54	to		13.91		997,667		1.15%		0.76%	to	-0.21%
2014		0.95%	to	1.90%		66,038		14.43	to		13.94		943,469		0.85%		26.90%	to	25.69%
2013		0.95%	to	1.90%		76,528		11.37	to		11.09		864,545		1.06%		0.82%	to	-0.15%
2012		0.95%	to	1.90%		88,466		11.28	to		11.10		993,612		0.39%		15.44%	to	14.33%
2011		0.95%	to	1.90%		120,617		9.77	to		9.71		1,176,920		0.46%		-2.31%	to	-2.88%	****
Small Cap Growth Fund - Investor Class (ASCGI)
2015		0.95%	to	1.65%		33,487		18.78	to		17.53		617,078		0.00%		-2.76%	to	-3.44%
2014		0.95%	to	1.65%		19,342		19.32	to		18.16		365,490		0.00%		6.65%	to	5.90%
2013		0.95%	to	1.65%		28,006		18.11	to		17.14		499,925		0.05%		38.58%	to	37.61%
2012		0.95%	to	1.65%		27,450		13.07	to		12.46		353,980		0.00%		17.21%	to	16.38%
2011		0.95%	to	1.65%		52,838		11.15	to		10.71		585,308		0.00%		-2.17%	to	-2.86%
Balanced Fund: Class S (JBS)
2015		0.95%	to	1.65%		70,702		17.25	to		16.47		1,201,478		1.26%		-0.73%	to	-1.43%
2014		0.95%	to	1.65%		70,464		17.37	to		16.71		1,208,627		1.68%		7.07%	to	6.31%
2013		0.95%	to	1.65%		81,019		16.23	to		15.72		1,301,744		1.43%		18.15%	to	17.31%
2012		0.95%	to	1.65%		89,940		13.73	to		13.40		1,226,845		2.19%		11.61%	to	10.82%
2011		0.95%	to	1.65%		98,460		12.31	to		12.09		1,206,245		1.83%		0.11%	to	-0.60%
Class T (JF)
2015		0.95%	to	2.05%		152,297		10.59	to		8.89		3,856,957		1.44%		4.22%	to	3.06%
2014		0.95%	to	2.05%		167,322		10.16	to		8.63		4,062,395		1.52%		11.71%	to	10.47%
2013		0.95%	to	2.05%		182,285		9.10	to		7.81		4,008,881		0.33%		28.41%	to	26.98%
2012		0.95%	to	2.05%		198,550		7.09	to		6.15		3,390,414		0.59%		16.62%	to	15.32%
2011		0.95%	to	2.05%		226,017		6.08	to		5.33		3,341,605		0.41%		-6.77%	to	-7.81%
Overseas Fund: Class S (JOS)
2015		0.95%	to	1.50%		7,958		9.38	to		9.05		73,342		3.20%		-9.68%	to	-10.18%
2014		0.95%	to	1.50%		11,462		10.39	to		10.07		116,990		0.41%		-14.75%	to	-15.23%
2013		0.95%	to	1.50%		15,425		12.18	to		11.88		185,541		3.25%		10.78%	to	10.17%
2012		0.95%	to	1.50%		24,526		11.00	to		10.79		267,822		2.39%		11.03%	to	10.41%
2011		0.95%	to	1.50%		32,863		9.91	to		9.77		323,703		0.00%		-33.56%	to	-33.93%
Twenty Fund: Class T (JTF)
2015		0.95%	to	1.90%		312,178		12.64	to		10.87		14,880,691		0.45%		3.94%	to	2.94%
2014		0.95%	to	1.90%		353,227		12.16	to		10.55		16,372,264		1.37%		7.91%	to	6.87%
2013		0.95%	to	1.90%		379,233		11.27	to		9.88		16,532,140		0.68%		31.84%	to	30.58%
2012		0.95%	to	1.90%		420,544		8.55	to		7.56		13,947,114		0.70%		21.15%	to	19.99%
2011		0.95%	to	1.90%		466,181		7.05	to		6.30		12,669,534		0.07%		-9.06%	to	-9.93%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Global Research Fund - Class T (JWF)
2015		1.10%	to	1.45%		87,163	$	8.20	to	$	7.76	$	1,713,761		0.66%		-3.38%	to	-3.72%
2014		1.10%	to	1.45%		97,348		8.49	to		8.06		1,993,197		0.90%		6.07%	to	5.70%
2013		1.10%	to	1.45%		108,848		8.00	to		7.62		2,113,967		0.50%		26.12%	to	25.67%
2012		0.95%	to	1.45%		119,817		6.47	to		6.07		1,851,784		1.01%		18.70%	to	18.10%
2011		0.95%	to	1.45%		136,743		5.45	to		5.14		1,794,282		0.61%		-14.66%	to	-15.09%
Global Research Fund - Class S (JWS)
2015		0.95%	to	1.65%		16,594		18.18	to		17.36		295,844		0.61%		-3.48%	to	-4.17%
2014		0.95%	to	1.65%		15,065		18.84	to		18.12		279,454		0.66%		5.96%	to	5.21%
2013		0.95%	to	1.65%		15,783		17.78	to		17.22		276,976		0.22%		25.98%	to	25.09%
2012		0.95%	to	1.65%		16,415		14.11	to		13.76		229,314		0.73%		18.41%	to	17.57%
2011		0.95%	to	1.65%		16,166		11.92	to		11.71		191,270		0.33%		-14.87%	to	-15.47%
U.S. Small-Mid Cap Equity Portfolio - Open Shares (LSC)
2015		0.95%	to	1.90%		99,677		30.81	to		26.49		3,220,163		0.01%		-3.40%	to	-4.32%
2014		0.95%	to	1.90%		93,866		31.89	to		27.69		3,149,797		0.00%		9.96%	to	8.90%
2013		0.95%	to	1.90%		90,667		29.00	to		25.42		2,776,184		0.08%		34.08%	to	32.80%
2012		0.95%	to	1.90%		91,719		21.63	to		19.14		2,101,085		0.00%		13.97%	to	12.87%
2011		0.95%	to	1.90%		99,730		18.98	to		16.96		2,010,952		0.00%		-10.95%	to	-11.80%
MFS Strategic Income Fund - Class A (MSI)
2015				1.30%		63,628					18.00		1,145,383		3.83%				-3.34%
2014				1.30%		67,591					18.62		1,258,816		4.16%				1.64%
2013				1.30%		80,144					18.32		1,468,519		4.50%				-0.02%
2012				1.30%		85,387					18.33		1,564,949		4.66%				9.27%
2011				1.30%		79,260					16.77		1,329,413		5.00%				2.98%
Bond Fund - Institutional Service Class (NBF)
2015		0.95%	to	2.05%		21,593		20.22	to		16.97		1,255,278		2.53%		-0.82%	to	-1.92%
2014		0.95%	to	2.05%		21,922		20.38	to		17.30		1,296,391		3.55%		3.38%	to	2.23%
2013		0.95%	to	2.05%		22,788		19.72	to		16.92		1,304,321		3.32%		-1.29%	to	-2.39%
2012		0.95%	to	2.05%		23,941		19.97	to		17.34		1,436,368		3.50%		7.29%	to	6.09%
2011		0.95%	to	2.05%		25,913		18.62	to		16.34		1,423,676		3.73%		5.60%	to	4.43%
Bond Index Fund - Class A (NBIXA)
2015		0.95%	to	1.50%		22,073		16.94	to		15.57		353,897		1.81%		-1.09%	to	-1.64%
2014		0.95%	to	1.50%		22,202		17.13	to		15.83		361,672		2.06%		4.46%	to	3.88%
2013		0.95%	to	1.50%		23,523		16.40	to		15.23		368,848		2.18%		-3.72%	to	-4.26%
2012		0.95%	to	1.65%		25,593		17.03	to		15.62		418,504		2.40%		2.65%	to	1.92%
2011		0.95%	to	1.65%		24,974		16.59	to		15.32		398,381		2.84%		6.10%	to	5.35%
Nationwide Fund: Class A (NFA)
2015		0.95%	to	1.60%		68,364		15.24	to		14.76		1,026,130		0.98%		-0.22%	to	-0.87%
2014		0.95%	to	1.60%		77,761		15.27	to		14.89		1,173,418		0.94%		10.90%	to	10.17%
2013		0.95%	to	1.65%		85,685		13.77	to		13.50		1,169,775		0.97%		28.85%	to	27.94%
2012		0.95%	to	1.65%		101,501		10.69	to		10.55		1,078,616		1.15%		13.15%	to	12.35%
2011		0.95%	to	1.65%		123,484		9.45	to		9.39		1,163,324		0.90%		-5.54%	to	-6.10%	****
Nationwide Fund - Institutional Service Class (NF)
2015		0.95%	to	1.65%		30,566		15.68	to		14.03		2,700,680		1.23%		0.07%	to	-0.64%
2014		0.95%	to	1.65%		35,669		15.67	to		14.12		2,992,253		1.20%		11.11%	to	10.33%
2013		0.95%	to	1.65%		32,016		14.10	to		12.80		2,699,788		1.24%		29.20%	to	28.28%
2012		0.95%	to	1.65%		37,854		10.91	to		9.98		2,267,416		1.39%		13.40%	to	12.60%
2011		0.95%	to	1.65%		46,198		9.62	to		8.86		2,542,778		1.11%		-0.56%	to	-1.26%
Government Bond Fund - Institutional Service Class (NGBF)
2015		0.95%	to	1.90%		111,217		18.13	to		15.59		2,124,583		1.64%		-1.04%	to	-1.98%
2014		0.95%	to	1.90%		119,423		18.32	to		15.90		2,319,621		1.55%		3.12%	to	2.13%
2013		0.95%	to	1.90%		130,723		17.76	to		15.57		2,460,567		1.11%		-4.34%	to	-5.26%
2012		0.95%	to	1.90%		192,258		18.57	to		16.44		3,791,513		2.03%		2.69%	to	1.70%
2011		0.95%	to	1.90%		187,137		18.08	to		16.16		3,554,137		2.77%		6.30%	to	5.28%
Nationwide Growth Fund - Institutional Class (NGF)
2015		0.95%	to	1.45%		5,437		11.16	to		10.31		328,263		0.42%		4.05%	to	3.52%
2014		0.95%	to	1.45%		5,794		10.73	to		9.96		353,718		0.45%		13.43%	to	12.86%
2013		0.95%	to	1.45%		6,320		9.46	to		8.82		349,576		0.48%		29.77%	to	29.12%
2012		0.95%	to	1.45%		10,666		7.29	to		6.83		326,783		0.56%		12.17%	to	11.61%
2011		0.95%	to	1.45%		11,617		6.50	to		6.12		364,967		0.00%		-2.72%	to	-3.21%
International Index Fund - Class A (NIIXA)
2015		1.10%	to	1.45%		284		12.28	to		11.63		3,452		2.27%		-2.24%	to	-2.59%
2014		1.10%	to	1.45%		284		12.56	to		11.94		3,533		2.72%		-7.16%	to	-7.49%
2013		1.10%	to	1.45%		335		13.53	to		12.91		4,502		2.19%		19.98%	to	19.56%
2012		1.10%	to	1.45%		492		11.28	to		10.80		5,493		2.54%		16.73%	to	16.32%
2011		1.10%	to	1.45%		648		9.66	to		9.28		6,158		2.06%		-14.07%	to	-14.38%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Investor Destinations Aggressive Fund - Service Class (IDAS)
2015		0.95%	to	1.60%		84,163	$	15.62	to	$	14.13	$	1,249,353		1.46%		-3.56%	to	-4.19%
2014		0.95%	to	1.65%		88,686		16.19	to		14.64		1,369,144		1.66%		3.39%	to	2.66%
2013		0.95%	to	1.65%		97,693		15.66	to		14.26		1,462,006		1.60%		25.05%	to	24.16%
2012		0.95%	to	1.65%		119,470		12.52	to		11.48		1,436,962		1.82%		14.86%	to	14.04%
2011		0.95%	to	1.65%		130,269		10.90	to		10.07		1,370,187		1.36%		-5.01%	to	-5.68%
Investor Destinations Conservative Fund - Service Class (IDCS)
2015		0.95%	to	1.50%		43,709		14.56	to		13.38		614,323		1.50%		-1.18%	to	-1.73%
2014		0.95%	to	1.50%		52,690		14.74	to		13.61		750,420		1.63%		2.58%	to	2.01%
2013		0.95%	to	1.50%		58,486		14.37	to		13.35		815,300		1.47%		2.83%	to	2.26%
2012		0.95%	to	1.60%		66,093		13.97	to		12.89		896,075		1.79%		4.08%	to	3.39%
2011		0.95%	to	1.60%		82,979		13.42	to		12.47		1,085,216		1.77%		1.91%	to	1.24%
Investor Destinations Moderate Fund - Service Class (IDMS)
2015		0.95%	to	1.90%		252,181		15.67	to		13.53		3,754,404		1.42%		-2.53%	to	-3.47%
2014		0.95%	to	1.90%		270,666		16.07	to		14.01		4,148,832		1.73%		2.99%	to	2.01%
2013		0.95%	to	1.90%		287,846		15.61	to		13.74		4,302,408		1.53%		14.44%	to	13.34%
2012		0.95%	to	1.90%		366,259		13.64	to		12.12		4,826,998		1.75%		9.90%	to	8.84%
2011		0.95%	to	1.90%		400,899		12.41	to		11.13		4,824,358		1.61%		-1.05%	to	-1.99%
Investor Destinations Moderately Aggressive Fund - Service Class (IDMAS)
2015		0.95%	to	1.90%		198,017		15.89	to		13.72		2,999,339		1.42%		-3.19%	to	-4.12%
2014		0.95%	to	1.90%		226,683		16.42	to		14.31		3,563,846		1.70%		3.26%	to	2.27%
2013		0.95%	to	1.90%		258,330		15.90	to		13.99		3,954,185		1.68%		20.53%	to	19.37%
2012		0.95%	to	1.90%		267,649		13.19	to		11.72		3,405,974		1.81%		12.73%	to	11.64%
2011		0.95%	to	1.90%		319,033		11.70	to		10.50		3,622,528		1.48%		-3.12%	to	-4.05%
Investor Destinations Moderately Conservative Fund - Service Class (IDMCS)
2015		0.95%	to	1.60%		67,963		15.55	to		14.06		1,003,947		1.53%		-1.60%	to	-2.24%
2014		0.95%	to	1.60%		70,183		15.80	to		14.38		1,057,612		1.72%		2.92%	to	2.25%
2013		0.95%	to	1.60%		74,480		15.35	to		14.07		1,095,259		1.43%		8.41%	to	7.70%
2012		0.95%	to	1.60%		98,732		14.16	to		13.06		1,350,787		1.86%		7.08%	to	6.37%
2011		0.95%	to	1.60%		105,880		13.22	to		12.28		1,358,685		1.74%		0.99%	to	0.33%
Mid Cap Market Index Fund - Class A (NMCIXA)
2015		0.95%	to	1.65%		34,386		25.10	to		22.53		827,324		0.86%		-3.70%	to	-4.38%
2014		0.95%	to	1.65%		36,141		26.07	to		23.56		907,289		0.77%		8.04%	to	7.28%
2013		0.95%	to	1.65%		44,149		24.13	to		21.96		1,031,349		0.75%		31.46%	to	30.53%
2012		0.95%	to	1.65%		42,441		18.35	to		16.83		753,058		0.86%		16.07%	to	15.25%
2011		0.95%	to	1.65%		56,719		15.81	to		14.60		871,695		0.55%		-3.73%	to	-4.41%
Money Market Fund - Prime Shares (MMF)
2015				1.30%		246,868		28.92	to		22.82		5,654,922		0.00%				-1.30%
2014				1.30%		306,037		29.30	to		23.12		7,097,673		0.00%				-1.30%
2013				1.30%		332,842		23.43	to		29.69		7,817,587		0.00%				-1.30%
2012				1.30%		364,519		23.74	to		30.08		8,658,809		0.00%				-1.30%
2011				1.30%		351,137		24.05	to		30.48		8,451,515		0.00%				-1.30%
Money Market Fund - Service Class (MMFR)
2015		0.95%	to	1.90%		289,326		10.82	to		9.31		3,018,509		0.00%		-0.95%	to	-1.90%
2014		0.95%	to	1.90%		308,529		10.93	to		9.49		3,260,465		0.00%		-0.95%	to	-1.90%
2013		0.95%	to	1.90%		347,174		11.03	to		9.67		3,718,433		0.00%		-0.95%	to	-1.90%
2012		0.95%	to	1.90%		364,191		11.14	to		9.86		3,942,002		0.00%		-0.95%	to	-1.91%
2011		0.95%	to	1.90%		379,129		11.24	to		10.05		4,151,623		0.00%		-0.95%	to	-1.89%
Nationwide Growth Fund - Class A (NGFA)
2015		0.95%	to	1.45%		34,894		22.30	to		20.98		748,336		0.21%		3.62%	to	3.10%
2014		0.95%	to	1.45%		32,918		21.52	to		20.35		683,482		0.18%		13.11%	to	12.54%
2013		0.95%	to	1.45%		29,293		19.03	to		18.09		539,660		0.20%		29.29%	to	28.64%
2012		0.95%	to	1.45%		32,183		14.72	to		14.06		460,749		0.32%		11.87%	to	11.30%
2011		0.95%	to	1.45%		32,512		13.16	to		12.63		417,301		0.00%		-2.89%	to	-3.38%
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
2015				1.30%		84,998					17.51		1,488,064		1.36%				-2.29%
2014				1.30%		98,227					17.92		1,759,882		1.68%				3.62%
2013				1.30%		95,124					17.29		1,644,739		1.73%				25.59%
2012				1.30%		92,312					13.77		1,270,859		1.60%				14.39%
2011				1.30%		94,736					12.03		1,140,129		1.77%				-5.18%
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
2015				1.30%		54,185					13.28		719,551		1.91%				-1.04%
2014				1.30%		45,138					13.42		605,703		2.41%				2.54%
2013				1.30%		28,612					13.09		374,432		1.64%				3.47%
2012				1.30%		31,472					12.65		398,051		1.96%				3.81%
2011				1.30%		26,297					12.18		320,407		2.28%				1.60%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
2015		0.95%	to	1.45%		178,303	$	16.96	to	$	16.40	$	2,841,775		1.52%		-1.28%	to	-1.78%
2014		0.95%	to	1.45%		193,361		17.18	to		16.69		3,132,038		1.74%		4.18%	to	3.66%
2013		0.95%	to	1.45%		183,038		16.49	to		16.11		2,855,822		1.76%		15.52%	to	14.94%
2012		0.95%	to	1.45%		173,919		14.28	to		14.01		2,357,754		1.49%		9.76%	to	9.20%
2011		0.95%	to	1.45%		188,919		13.01	to		12.83		2,340,885		2.13%		-0.99%	to	-1.49%
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
2015				1.30%		198,100					16.95		3,357,880		1.45%				-2.02%
2014				1.30%		199,795					17.30		3,456,443		1.75%				3.59%
2013				1.30%		188,259					16.70		3,143,922		1.68%				20.79%
2012				1.30%		204,481					13.83		2,827,149		1.63%				12.28%
2011				1.30%		222,295					12.31		2,737,353		2.02%				-3.40%
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
2015				1.30%		57,213					14.78		845,827		1.63%				-1.33%
2014				1.30%		64,027					14.98		959,325		1.80%				3.38%
2013				1.30%		66,850					14.49		968,894		1.74%				9.06%
2012				1.30%		68,753					13.29		913,706		1.72%				6.63%
2011				1.30%		64,339					12.46		801,865		2.27%				0.74%
NVIT Multi-Manager International Growth Fund - Class VI (NVMIG6)
2015		1.15%	to	1.45%		25,950		10.75	to		10.51		275,949		0.14%		-1.80%	to	-2.10%
2014		1.20%	to	1.45%		19,793		10.91	to		10.73		214,687		2.09%		-2.54%	to	-2.78%
2013		1.20%	to	1.45%		16,610		11.20	to		11.04		185,035		1.04%		19.62%	to	19.32%
2012		1.20%	to	1.45%		12,862		9.36	to		9.25		119,893		0.39%		14.13%	to	13.84%
2011		1.10%	to	1.45%		12,851		8.23	to		8.13		105,080		1.26%		-10.62%	to	-10.93%
S&P 500 Index Fund - Service Class (NIXR)
2015		0.95%	to	2.05%		218,846		14.78	to		12.41		3,308,197		1.81%		-0.12%	to	-1.23%
2014		0.95%	to	2.05%		216,291		14.80	to		12.57		3,296,759		1.42%		11.98%	to	10.74%
2013		0.95%	to	2.05%		241,912		13.22	to		11.35		3,316,711		1.63%		30.41%	to	28.96%
2012		0.95%	to	2.05%		245,704		10.14	to		8.80		2,572,395		1.63%		14.24%	to	12.97%
2011		0.95%	to	2.05%		250,592		8.87	to		7.79		2,289,393		1.42%		0.51%	to	-0.61%
Small Cap Index Fund - Class A (NSCIXA)
2015		0.95%	to	1.65%		22,349		21.57	to		19.36		461,417		0.91%		-5.72%	to	-6.39%
2014		0.95%	to	1.65%		23,429		22.88	to		20.68		514,247		0.69%		3.47%	to	2.74%
2013		0.95%	to	1.65%		26,501		22.11	to		20.13		564,938		0.89%		36.97%	to	36.00%
2012		0.95%	to	1.65%		31,779		16.15	to		14.80		495,237		1.32%		14.79%	to	13.98%
2011		0.95%	to	1.65%		40,467		14.07	to		12.99		552,169		0.56%		-5.56%	to	-6.23%
Templeton NVIT International Value Fund - Class III (NVTIV3)
2015		1.10%	to	1.40%		21,806		14.29	to		14.01		307,675		2.03%		-4.96%	to	-5.25%
2014		1.15%	to	1.40%		17,903		14.99	to		14.78		266,149		3.63%		-9.20%	to	-9.43%
2013		1.30%	to	1.40%		15,167		16.40	to		16.32		248,656		2.76%		18.53%	to	18.41%
2012		0.95%	to	1.35%		7,878		14.01	to		13.81		108,981		2.92%		18.43%	to	17.95%
2011		1.20%	to	1.35%		5,976		11.75	to		11.71		70,042		3.12%		-13.48%	to	-13.61%
Genesis Fund - Trust Class (NBGST)
2015		0.95%	to	1.90%		169,278		42.84	to		36.84		7,120,997		0.05%		-0.80%	to	-1.75%
2014		0.95%	to	1.90%		197,254		43.19	to		37.50		8,399,981		0.05%		-1.25%	to	-2.20%
2013		0.95%	to	1.90%		227,244		43.74	to		38.34		9,834,432		0.30%		35.59%	to	34.29%
2012		0.95%	to	1.90%		262,029		32.26	to		28.55		8,380,160		0.20%		8.77%	to	7.73%
2011		0.95%	to	1.90%		307,263		29.66	to		26.50		9,065,232		0.93%		3.61%	to	2.62%
Guardian Fund - Investor Class (NBGF)
2015				1.30%		40,821					33.76		1,378,305		0.63%				-6.00%
2014				1.30%		46,519					35.92		1,670,910		0.71%				7.85%
2013				1.30%		50,223					33.30		1,672,673		0.53%				37.11%
2012				1.30%		56,334					24.29		1,368,345		1.19%				11.34%
2011				1.30%		64,271					21.82		1,402,100		0.65%				-4.19%
Guardian Fund - Trust Class (NBGT)
2015		0.95%	to	1.45%		8,668		18.28	to		16.89		152,499		0.65%		-5.89%	to	-6.37%
2014		0.95%	to	1.45%		10,285		19.43	to		18.04		192,786		0.84%		8.11%	to	7.56%
2013		0.95%	to	1.45%		10,825		17.97	to		16.77		188,394		0.53%		37.28%	to	36.59%
2012		0.95%	to	1.45%		13,312		13.09	to		12.28		169,485		1.51%		11.53%	to	10.97%
2011		0.95%	to	1.45%		13,785		11.74	to		11.06		157,809		0.82%		-3.97%	to	-4.45%
Large Cap Value Fund: Investor Class (PF)
2015				1.30%		53,703					43.14		2,316,695		1.01%				-13.44%
2014				1.30%		61,190					49.84		3,049,634		0.79%				9.57%
2013				1.30%		74,102					45.48		3,370,492		1.28%				29.68%
2012				1.30%		75,068					35.07		2,632,946		1.26%				15.43%
2011				1.30%		90,001					30.39		2,734,688		0.39%				-12.42%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Large Cap Value Fund: Trust Class (NBPT)
2015		0.95%	to	1.90%		5,871	$	17.09	to	$	14.70	$	96,170		1.34%		-13.34%	to	-14.18%
2014		0.95%	to	1.90%		8,599		19.72	to		17.12		163,108		0.78%		9.77%	to	8.72%
2013		0.95%	to	1.90%		13,059		17.97	to		15.75		228,011		1.48%		29.84%	to	28.60%
2012		0.95%	to	1.90%		12,655		13.84	to		12.25		170,621		1.14%		15.70%	to	14.58%
2011		0.95%	to	1.90%		17,875		11.96	to		10.69		210,308		0.20%		-12.30%	to	-13.14%
Short Duration Bond Fund - Investor Class (NLMB)
2015				1.30%		32,995					14.77		487,476		1.03%				-1.04%
2014				1.30%		35,390					14.93		528,346		1.22%				-0.86%
2013				1.30%		43,120					15.06		649,307		1.50%				-0.67%
2012				1.30%		47,472					15.16		719,633		2.03%				2.92%
2011				1.30%		46,949					14.73		691,497		2.74%				-0.59%
Socially Responsive Fund - Trust Class (NBSRT)
2015		0.95%	to	1.50%		63,610		21.28	to		19.94		1,310,738		0.97%		-1.50%	to	-2.05%
2014		0.95%	to	1.50%		72,694		21.60	to		20.36		1,525,962		0.97%		9.23%	to	8.63%
2013		0.95%	to	1.50%		77,578		19.77	to		18.74		1,495,130		1.14%		36.65%	to	35.89%
2012		0.95%	to	1.50%		71,799		14.47	to		13.79		1,016,158		0.84%		9.74%	to	9.13%
2011		0.95%	to	1.50%		85,393		13.19	to		12.64		1,105,899		0.59%		-3.97%	to	-4.50%
Capital Appreciation Fund- Class A (OCAF)
2015		0.95%	to	1.80%		85,139		13.05	to		11.44		1,071,507		0.00%		2.24%	to	1.36%
2014		0.95%	to	1.80%		95,301		12.77	to		11.29		1,177,144		0.00%		13.97%	to	13.00%
2013		0.95%	to	1.80%		103,151		11.20	to		9.99		1,119,015		0.04%		28.01%	to	26.91%
2012		0.95%	to	1.80%		110,486		8.75	to		7.87		939,343		0.56%		12.61%	to	11.64%
2011		0.95%	to	1.80%		147,006		7.77	to		7.05		1,117,282		0.16%		-2.51%	to	-3.34%
Global Fund- Class A (OGF)
2015		0.95%	to	1.90%		80,907		19.10	to		16.43		3,794,604		0.61%		2.90%	to	1.92%
2014		0.95%	to	1.90%		90,170		18.56	to		16.12		4,215,926		0.79%		1.09%	to	0.12%
2013		0.95%	to	1.90%		97,610		18.36	to		16.10		4,604,633		0.80%		25.57%	to	24.37%
2012		0.95%	to	1.90%		114,778		14.62	to		12.94		4,154,982		0.99%		19.60%	to	18.45%
2011		0.95%	to	1.90%		134,697		12.23	to		10.93		4,119,651		1.61%		-9.56%	to	-10.43%
Global Strategic Income Fund - Class A (OSI)
2015		0.95%	to	1.60%		25,507		20.63	to		18.66		502,605		4.27%		-3.27%	to	-3.91%
2014		0.95%	to	1.60%		27,143		21.33	to		19.42		553,714		4.56%		1.66%	to	0.99%
2013		0.95%	to	1.60%		54,716		20.98	to		19.23		1,121,873		5.01%		-1.31%	to	-1.96%
2012		0.95%	to	1.60%		99,234		21.26	to		19.61		2,076,433		5.70%		12.41%	to	11.67%
2011		0.95%	to	1.60%		65,655		18.91	to		17.56		1,218,033		6.11%		-0.07%	to	-0.72%
PIMCO Total Return Fund - Class A (PMTRA)
2015		0.95%	to	1.80%		99,941		20.38	to		17.88		1,947,868		2.46%		-0.63%	to	-1.48%
2014		0.95%	to	1.80%		122,077		20.51	to		18.14		2,404,699		3.61%		3.29%	to	2.40%
2013		0.95%	to	1.80%		135,767		19.86	to		17.72		2,603,418		2.04%		-3.23%	to	-4.06%
2012		0.95%	to	1.80%		157,933		20.52	to		18.47		3,136,611		3.78%		8.89%	to	7.96%
2011		0.95%	to	1.80%		174,563		18.85	to		17.11		3,198,201		3.47%		2.76%	to	1.88%
VP International Fund - Class II (ACVI2)
2015		0.95%	to	1.65%		118,995		9.26	to		9.22		1,099,419		0.00%		-7.40%	to	-7.84%	****
Capital & Income Fund (FCI)
2015				1.30%		2,126					131.53		279,629		4.11%				-2.21%
2014				1.30%		2,534					134.50		340,824		4.19%				4.76%
2013				1.30%		2,945					128.39		378,121		4.89%				8.28%
2012				1.30%		3,635					118.57		431,016		5.56%				14.90%
2011				1.30%		4,043					103.20		417,231		5.94%				-3.18%
Equity-Income Fund (FEI)
2015				1.30%		40,068					139.59		5,593,199		3.52%				-4.78%
2014				1.30%		41,708					146.60		6,114,347		2.60%				7.27%
2013				1.30%		45,454					136.67		6,212,069		2.36%				26.03%
2012				1.30%		48,465					108.44		5,255,711		2.89%				15.71%
2011				1.30%		53,403					93.72		5,005,078		1.99%				-5.92%
High Income Portfolio - Initial Class (FHIP)
2015				1.30%		69					36.19		2,497		6.61%				-4.88%
2014				1.30%		69					38.05		2,625		5.78%				-0.16%
2013				1.30%		69					38.11		2,630		3.24%				4.57%
2012				1.30%		542					36.45		19,753		5.47%				12.74%
2011				1.30%		870					32.33		28,124		6.94%				2.68%
Magellan(R) Fund (FMG)
2015				1.30%		172,996					43.64		7,549,066		0.56%				2.70%
2014				1.30%		188,529					42.49		8,010,407		0.74%				12.59%
2013				1.30%		202,330					37.74		7,635,248		0.77%				33.54%
2012				1.30%		218,594					28.26		6,177,252		1.36%				16.45%
2011				1.30%		242,476					24.27		5,884,062		0.55%				-12.70%

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Puritan Fund (FPR)
2015				1.30%		118,299				$	49.85	$	5,897,022		2.11%				0.45%
2014				1.30%		120,282					49.63		5,969,069		1.61%				9.31%
2013				1.30%		129,234					45.40		5,867,321		1.60%				18.77%
2012				1.30%		132,343					38.23		5,058,816		1.83%				12.30%
2011				1.30%		144,530					34.04		4,919,416		1.85%				-0.63%
VIP Overseas Portfolio - Service Class 2 (FO2)
2015		0.95%	to	1.65%		222,466		9.38	to		9.34		2,083,123		1.18%		-6.17%	to	-6.61%	****
Templeton Foreign Securities Fund - Class 2 (TIF2)
2015		0.95%	to	1.65%		254,674		8.04	to		7.94		2,035,581		3.26%		-7.38%	to	-8.04%
2014		0.95%	to	1.65%		269,216		8.68	to		8.64		2,331,260		1.87%		-13.21%	to	-13.62%	****
Global Securities Fund/VA - Service Class (OVGSS)
2015		0.95%	to	1.90%		456,661		10.40	to		10.23		4,722,614		1.07%		2.69%	to	1.70%
2014		0.95%	to	1.90%		488,575		10.13	to		10.06		4,937,267		0.87%		1.28%	to	0.63%	****
Putnam Voyager Fund: Class A (PVF)
2015		0.95%	to	1.50%		3,394		22.29	to		20.77		73,121		0.57%		-7.14%	to	-7.66%
2014		0.95%	to	1.50%		8,009		24.00	to		22.49		186,858		0.36%		8.51%	to	7.91%
2013		0.95%	to	1.50%		11,766		22.12	to		20.84		254,371		0.90%		42.56%	to	41.77%
2012		0.95%	to	1.50%		13,414		15.51	to		14.70		204,498		1.12%		13.30%	to	12.67%
2011		0.95%	to	1.50%		16,236		13.69	to		13.05		218,814		0.00%		-18.54%	to	-18.99%
Putnam International Equity Fund - Class A (PUIGA)
2015		1.45%	to	1.50%		265		18.02	to		17.90		4,774		2.50%		-1.33%	to	-1.38%
2014		1.45%	to	1.50%		265		18.26	to		18.15		4,838		0.88%		-8.18%	to	-8.22%
2013		1.45%	to	1.50%		265		19.89	to		19.78		5,269		0.80%		26.09%	to	26.02%
2012		1.45%	to	1.50%		265		15.77	to		15.69		4,179		1.05%		19.96%	to	19.90%
2011		1.45%	to	1.50%		265		13.15	to		13.09		3,484		4.87%		-16.76%	to	-16.80%
Virtus Balanced Fund: Class A (PBF)
2015				1.30%		37,097					27.56		1,022,305		1.70%				-5.24%
2014				1.30%		38,495					29.08		1,119,436		2.08%				3.30%
2013				1.30%		31,246					28.15		879,568		1.88%				13.94%
2012				1.30%		39,829					24.71		984,015		1.35%				10.63%
2011				1.30%		32,704					22.33		730,325		1.61%				0.16%
Advisors Small Cap Fund - Class A (WRASCA)
2015		0.95%	to	1.60%		11,537		29.98	to		27.58		333,887		0.00%		-2.95%	to	-3.59%
2014		0.95%	to	1.60%		17,485		30.89	to		28.61		525,726		0.00%		1.89%	to	1.22%
2013		0.95%	to	1.60%		28,978		30.32	to		28.26		859,477		0.00%		40.82%	to	39.89%
2012		0.95%	to	1.60%		30,231		21.53	to		20.20		638,151		0.00%		14.07%	to	13.32%
2011		0.95%	to	1.60%		39,469		18.87	to		17.83		733,794		0.00%		-6.39%	to	-7.00%
Advantage Funds(R) - Common Stock Fund - Class A (SACSA)
2015		0.95%	to	1.90%		214,900		9.71	to		9.69		2,084,869		0.00%		-2.92%	to	-3.10%	****
Advantage Funds(R) - Enterprise Fund - Class A (WFENAD)
2015		0.95%	to	1.50%		12,247		9.93	to		9.92		121,503		0.00%		-0.73%	to	-0.83%	****
Advantage Funds(R) - Growth Fund - Class A (SGRA)
2015		0.95%	to	1.50%		99,943		10.07	to		10.06		1,006,382		0.00%		0.73%	to	0.63%	****
Advantage - Large Cap Core - Class A (WFLCCA)
2015		0.95%	to	1.45%		12,525		9.80	to		9.79		122,636		0.30%		-2.04%	to	-2.14%	****
Advantage Large Cap Growth Fund - Class A (WFLGA)
2015				1.30%		228,435					9.85		2,250,511		0.00%				-1.48%	****
Advantage Intrinsic Value Fund - Administrative Class (WFAIVD)
2015				1.30%		59,399					12.84		762,638		1.09%				-1.91%
2014				1.30%		62,337					13.09		815,959		0.77%				9.09%
2013				1.30%		68,031					12.00		816,297		0.69%				19.99%	****
Global Securities Fund/VA - Class 4 (obsolete) (OVGS4)
2013		0.95%	to	1.90%		285,500		20.38	to		18.57		5,644,749		1.19%		25.80%	to	24.59%
2012		0.95%	to	1.90%		298,933		16.20	to		14.90		4,712,644		1.83%		19.80%	to	18.65%
2011		0.95%	to	1.90%		361,436		13.52	to		12.56		4,779,432		1.04%		-9.36%	to	-10.23%
Templeton Foreign Securities Fund - Class 3 (obsolete) (TIF3)
2013		0.95%	to	1.65%		157,373		18.86	to		17.61		2,875,486		2.23%		21.81%	to	20.95%
2012		0.95%	to	1.65%		170,387		15.48	to		14.56		2,565,261		3.01%		17.18%	to	16.35%
2011		0.95%	to	1.65%		175,889		13.21	to		12.52		2,267,853		1.67%		-11.53%	to	-12.15%
Wells Fargo Advantage Funds - Common Stock Fund: Investor Class (obsolete) (SCS)
2014		0.95%	to	1.90%		75,814		26.22	to		22.76		2,475,530		0.00%		4.94%	to	3.93%
2013		0.95%	to	1.90%		88,780		24.98	to		21.90		2,740,531		0.00%		28.04%	to	26.81%
2012		0.95%	to	1.90%		95,925		19.51	to		17.27		2,347,964		0.00%		17.15%	to	16.03%
2011		0.95%	to	1.90%		110,822		16.66	to		14.88		2,298,734		0.00%		-3.40%	to	-4.33%
Advantage Funds - Enterprise Fund - Investor Class (obsolete) (SE)
2014		0.95%	to	1.50%		9,605		17.47	to		17.15		165,979		0.00%		1.00%	to	0.44%
2013		0.95%	to	1.50%		14,415		17.30	to		17.08		247,696		0.00%		40.81%	to	40.03%
2012		0.95%	to	1.50%		12,484		12.29	to		12.20		152,765		0.00%		14.36%	to	13.73%
2011		0.95%	to	1.50%		17,678		10.74	to		10.72		189,679		0.00%		7.44%	to	7.23%	****

NATIONWIDE VARIABLE ACCOUNT NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate**				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***				Inception Date****
Advantage Growth Fund - Investor Class (obsolete) (SGR)
2014		0.95%	to	1.50%		39,295	$	28.87	to	$	27.13	$	1,108,907		0.00%		2.61%	to	2.04%
2013		0.95%	to	1.50%		47,709		28.14	to		26.59		1,311,494		0.00%		31.78%	to	31.05%
2012		0.95%	to	1.50%		46,200		21.35	to		20.29		963,531		0.00%		15.45%	to	14.81%
2011		0.95%	to	1.50%		52,250		18.49	to		17.67		946,938		0.00%		6.86%	to	6.27%
Advantage - Large Cap Core - Investor Class (obsolete) (WFLCCI)
2014		0.95%	to	1.45%		9,060		20.81	to		20.35		187,460		0.12%		13.21%	to	12.63%
2013		0.95%	to	1.45%		5,621		18.38	to		18.06		103,032		0.75%		37.56%	to	36.87%
2012		0.95%	to	1.45%		3,176		13.36	to		13.20		42,214		0.34%		15.46%	to	14.88%
2011		0.95%	to	1.60%		8,506		11.57	to		11.46		98,073		0.52%		-1.07%	to	-1.72%
Advantage Large Cap Growth Fund - Investor Class (obsolete) (STR)
2014				1.30%		54,330					43.13		2,343,048		0.00%				7.95%
2013				1.30%		56,407					39.95		2,253,401		0.00%				32.55%
2012				1.30%		55,062					30.14		1,659,528		0.00%				11.03%
2011				1.30%		54,404					27.15		1,476,856		0.00%				1.56%
Equity Value Fund - Administrative Class (obsolete) (WFEVAD)
2012				1.30%		55,010					12.01		660,879		1.51%				15.68%
2011				1.30%		63,766					10.39		662,236		0.49%				3.85%	****
Champion Income Fund - Class A (obsolete) (OCHI)
2011		0.95%	to	1.45%		112,498		3.66	to		3.50		410,080		7.92%		-3.34%	to	-3.82%
VIP Overseas Portfolio - Service Class 2 R (obsolete) (FO2R)
2014		0.95%	to	1.65%		118,806		15.61	to		14.47		1,789,185		1.11%		-9.18%	to	-9.82%
2013		0.95%	to	1.65%		128,389		17.18	to		16.05		2,136,165		1.26%		28.92%	to	28.01%
2012		0.95%	to	1.65%		119,109		13.33	to		12.54		1,543,414		1.70%		19.30%	to	18.46%
2011		0.95%	to	1.65%		130,332		11.17	to		10.58		1,421,543		1.13%		-18.17%	to	-18.75%
VP International Fund - Class IV (obsolete) (ACVI4)
2014		0.95%	to	1.65%		72,889		17.41	to		16.14		1,223,037		1.56%		-6.55%	to	-7.21%
2013		0.95%	to	1.65%		86,094		18.63	to		17.39		1,551,215		1.61%		21.09%	to	20.23%
2012		0.95%	to	1.65%		96,679		15.38	to		14.46		1,443,632		0.72%		19.85%	to	19.01%
2011		0.95%	to	1.65%		115,080		12.83	to		12.15		1,439,054		1.21%		-13.02%	to	-13.64%
Dynamics Fund - Investor Class (obsolete) (IDF)
2012		0.95%	to	1.65%		287,119		7.78	to		7.11		3,399,521		0.93%		11.83%	to	11.04%
2011		0.95%	to	1.65%		355,806		6.96	to		6.40		3,663,275		2.68%		-5.31%	to	-5.97%
2015		Reserves for annuity contracts in payout phase:													1,176
2015		Contract owners equity:												$	195,095,152
2014		Reserves for annuity contracts in payout phase:													1,353
2014		Contract owners equity:												$	214,532,800
2013		Reserves for annuity contracts in payout phase:													1,381
2013		Contract owners equity:												$	221,700,393
2012		Reserves for annuity contracts in payout phase:													1,201
2012		Contract owners equity:												$	199,400,854
2011		Reserves for annuity contracts in payout phase:													1,138
2011		Contract owners equity:												$	195,852,523

* This represents the range of annual contract expense rates of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units.

** This represents the ratio of 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 monthly average net assets (excluding months where net assets are zero). The investment income ratio for subaccounts initially funded during the period presented has not been annualized. The ratios exclude those expenses that result in direct reductions to the contract owner accounts through reductions in unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest.

*** This represents the range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. The total returns do 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. Total return is not annualized if the underlying mutual fund option is initially offered, funded, or both, during the period presented. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end.

**** Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented.