Nationwide Fund Advisors 1200 River Road, Suite 1000 Conshohocken, Pennsylvania 19428

EX-23(h)(10)

Nationwide Fund Advisors
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April 8, 2008

Nationwide Variable Insurance Trust
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     Re:      ▇▇▇ ▇▇▇▇▇▇ — NVIT Multi-Manager Small Cap Value Fund

Ladies and Gentlemen:

     By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Nationwide Fund Advisors (the “Adviser”) agrees that, with respect to the NVIT Multi-Manager Small Cap Value Fund (the “Fund”), which is a series of Nationwide Variable Insurance Trust, the Adviser shall waive a portion of its management fee in an amount equal to 0.03%, as a percentage of the Fund’s average daily net assets, on a temporary basis, from the period May 1, 2008 until performance of the Fund improves. The Adviser acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.

Your signature below acknowledges
acceptance of this Agreement:

Nationwide Variable Insurance Trust

By:		/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
		Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
		Title: Assistant Secretary
		Date: April 8, 2008