Federated Investors, Inc. Selected to Sub-Advise Three Money Market Mutual Funds...

Federated Investors, Inc. Selected to Sub-Advise Three Money Market Mutual
Funds Sponsored by Nationwide Funds

- $5.6 billion in taxable money market assets

PITTSBURGH, April 29 /PRNewswire-FirstCall/ -- Federated Investors, Inc.
(NYSE: FII), one of the nation's largest investment managers, today announced
that Nationwide Mutual Funds has selected Federated to sub-advise three
Nationwide money market mutual funds representing approximately $5.6 billion
in combined assets, effective April 2, 2009. Federated is providing
subadvisory services for the Nationwide Money Market Fund, the NVIT Money
Market Fund and the NVIT Money Market Fund II.

All three taxable money market funds seek current income consistent with
preserving capital by investing in investment-grade fixed-income securities
including commercial paper, asset-backed commercial paper and other
fixed-income securities issued by U.S. and foreign corporations; U.S.
government securities and U.S. government agency securities; obligations of
foreign governments; and obligations of U.S. banks, foreign banks and U.S.
branches of foreign banks.

With more than 30 years of experience in the money market fund industry,
Federated's goal is to preserve principal, maintain liquidity and provide
competitive yields. Federated manages money market portfolios with a
conservative bias, emphasizing experienced portfolio management and stringent
credit research that includes a review of capital structure, liquidity
structure, management structure and other key factors before investing in any
issuer.

About Federated
Federated Investors, Inc. (NYSE: FII) is one of the largest investment
managers in the United States, managing $409.2 billion in assets as of March
31, 2009. With 158 funds, as well as a variety of separately managed account
options, Federated provides comprehensive investment management worldwide to
nearly 5,400 institutions and intermediaries including corporations,
government entities, insurance companies, foundations and endowments, banks
and broker/dealers. For more information, visit FederatedInvestors.com.

About Nationwide Funds Group
Nationwide Funds Group (NFG) is the mutual fund arm of Nationwide Financial
Services, Inc. (NFS), a leading provider of long-term savings and retirement
products. Based in Conshohocken, Pa., a suburb of Philadelphia, Nationwide
Funds comprises Nationwide Fund Advisors, Nationwide Fund Distributors LLC and
Nationwide Fund Management LLC. Together they provide advisory, distribution
and administration services, respectively, to the Nationwide Funds, and manage
more than $32 billion in assets as of December 31, 2008, of which
approximately $9 billion are in "funds of funds" designed to provide asset
allocation across several types of investments and asset classes. NFS is a
wholly owned subsidiary of Nationwide Corporation. All of the common stock of
Nationwide Corporation is held by Nationwide Mutual Insurance Company (95.2%)
and Nationwide Mutual Fire Insurance Company (4.8%), each of which is a mutual
company owned by its policyholders.

About Nationwide Financial
Nationwide Financial Services, Inc. (NFS), based in Columbus, Ohio, provides a
variety of financial services that help consumers invest and protect their
long-term assets, and offers retirement plans and services through both
public- and private-sector employers.

NFS is part of the Nationwide(R) group of companies, which offers diversified
insurance and financial services. The group is led by Nationwide Mutual
Insurance Company, which is ranked No. 108 on the Fortune 500* based on 2007
revenue. For more information, visit www.nationwide.com. For more
information about Nationwide Funds(R), please visit
http://www.nationwide.com/mutualfunds.

Nationwide Funds distributed by Nationwide Fund Distributors LLC, Member
FINRA, 1200 River Road, Suite 1000, Conshohocken, Pa. 19428.

An investment in a money market fund is not insured or guaranteed by the FDIC
or any other government agency except as stated below. Although a money market
fund seeks to preserve the value of your investment at $1.00 per share, it is
possible to lose money by investing in the money market.

-- The U.S. Department of Treasury Temporary Guarantee Program provides a
guarantee to participating money market mutual fund shareholders based
on the number of shares invested in the fund at the close of business
on
September 19, 2008.
-- Any increase in the number of shares a shareholder holds after the
close
of business on September 19, 2008, will not be guaranteed.
-- If a shareholder closes his or her account with a fund or
broker-dealer,
any future investment in the fund will not be guaranteed.
-- If the number of shares a shareholder holds fluctuates during the
period, the shareholder will be covered for either the number of
shares
held as of the close of business on September 19, 2008, or the current
amount, whichever is less.

-- The Program expires on September 18, 2009.

*Fortune Magazine, April 2008

SOURCE Federated Investors, Inc.

Media, Ed Costello, +1-412-288-7538, or Meghan McAndrew, +1-412-288-8103, or
Analysts, Ray Hanley, +1-412-288-1920, all of Federated Investors