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Exhibit (h)(1)(a)
AMENDMENT TO FUND ADMINISTRATION AGREEMENT
EFFECTIVE AS OF September 1, 1999
This AMENDMENT is made part of FUND ADMINISTRATION AGREEMENT (the "Agreement")
dated as of November 1, 1997, as amended, between Nationwide Advisory Services,
Inc. (the "Administrator") and Nationwide Separate Account Trust (the "Trust")
and is consented to by Villanova SA Capital Trust ("Villanova SA").
WHEREAS, the Administrator wishes to transfer its fund administration business
to Villanova SA and is asking the Trust to amend the Agreement so that the
Administrator's rights and responsibilities are transferred to Villanova SA (the
"Transfer");
WHEREAS, the Transfer will not result in any reduction in the nature or quality
of the services which have been provided under the Agreement by the
Administrator;
WHEREAS, the Transfer in and of itself will not result in a change in the fees
or reimbursements required to be paid under the Agreement;
WHEREAS, the Trust's Board of Trustees has approved this amendment to the
Agreement pursuant to Section 7 of the Agreement;
NOW, THEREFORE, in consideration of the mutual premises and covenants set forth
herein, the parties hereby agree as follows:
1. Effective September 1, 1999 (the "Effective Date"), the Administrator will
assign all of its rights and responsibilities under the Agreement to
Villanova SA.
2. On the Effective Date, Villanova SA will assume such rights and
responsibilities, subject to the terms of the Agreement.
3. On the Effective Date, Administrator shall be relieved of all of its rights
and responsibilities under the Agreement.
4. Section 2, SERVICES AND DUTIES, is hereby amended to add the following as
the last paragraph of such section:
Villanova SA is authorized to appoint one or more qualified
subadministrators to provide the Trust with certain Administrative
Services provided under the Agreement.
5. On the Effective Date, Exhibit A, in the form attached, shall be amended to
include the Nationwide Small Company Fund under the terms of the Agreement.
6. All other provisions of the Agreement shall remain in full force and
effect.
7. Villanova SA represents and warrants that it possesses the requisite power
and authority to enter into and perform its obligations under this
amendment.
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IN WITNESS WHEREOF, the parties hereto have caused the Agreement to be duly
executed as of the day and year first written above.
NATIONWIDE ADVISORY SERVICES, INC. NATIONWIDE SEPARATE ACCOUNT TRUST
By: By:
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Title: Title:
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Agreed and Consented to by:
VILLANOVA MUTUAL FUND CAPITAL TRUST
By:
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Title:
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AMENDED EXHIBIT A
NATIONWIDE SEPARATE ACCOUNT TRUST
Fund Administration Agreement
(Effective September 1, 1999)
FUNDS OF THE TRUST FUND ADMINISTRATION FEES
Total Return Fund For each Fund,
Capital Appreciation Fund 0.05% of each Fund's average daily
Government Bond Fund net assets up to $1 billion
Money Market Fund 0.04% on assets of $1 billion and more
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Nationwide Balanced Fund For each Fund,
Nationwide Equity Income Fund 0.07% on assets up to $250 million
Nationwide Global Equity Fund 0.05% on the next $750 million
Nationwide High Income Bond Fund 0.04% on assets of $1 billion and more
Nationwide Multi Sector Bond Fund
Nationwide Small Cap Value Fund
Nationwide Select Advisers Mid
Cap Fund (effective 9/27/99
Nationwide Mid Cap Index Fund)
Nationwide Select Advisers Small
Cap Growth Fund*
Nationwide Strategic Growth Fund
Nationwide Strategic Value Fund
Nationwide Income Fund
Nationwide Small Company Fund
*The Nationwide Select Advisers Small Cap Growth Fund is subject to an annual
minimum fee of $75,000.
VILLANOVA MUTUAL FUND CAPITAL TRUST
By:
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Name: Xxxxxxxxxxx X. Xxxx
Title: Treasurer
NATIONWIDE SEPARATE ACCOUNT TRUST
By:
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Name: Xxxxx X. Xxxxx
Title: Treasurer
