RAME Ram Energy Resources, Inc. (MM)

 UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549


 SCHEDULE 13G

 Under the Securities Exchange Act of 1934



 RAM Energy Resources, Inc.
 (Name of Issuer)

 Common Stock
 (Title of Class of Securities)

 75130P109
 (CUSIP Number)


 December 31, 2007
 (Date of Event Which Required Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

 [X] Rule 13d-1(b)

 [ ] Rule 13d-1(c)

 [ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).







 CUSIP No. - 75130P109
1 NAME OF REPORTING PERSON:

 Nationwide Fund Advisors

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 (a) /_/
 (b) /_/

3 SEC USE ONLY

4 CITIZENSHIP OR PLACE OF ORGANIZATION:

 Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5 SOLE VOTING POWER 0


6 SHARED VOTING POWER 3,171,620


7 SOLE DISPOSITIVE POWER 0


8 SHARED DISPOSITIVE POWER 3,171,620


9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 3,171,620

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /_/

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 7.69%

12 TYPE OF REPORTING PERSON
 IA





Item 1.
 (a) Name of Issuer:

 RAM Energy Resources, Inc.

 (b) Address of Issuer's Principal Executive Office:

 5100 East Skelly Drive, Suite 650, Tulsa, OK 74135

Item 2.
 (a) Name of Person Filing:

 Nationwide Fund Advisors ("NFA")

 (b) Address of Principal Business Office or, if none, Residence:

 1200 River Road
 Suite 1000
 Conshohocken, PA 19428


 (c) Citizenship:

 Delaware

 (d) Title of the Class of Securities:

 Common Stock

 (e) CUSIP number:

 75130P109


Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c),
check whether the person filing is a:

 (a) [ ] Broker or dealer registered under section 15 of the
 Act (15 U.S.C. 78o).

 (b) [ ] Bank as defined in section 3(a)(6) of the Act (15
 U.S.C. 78c).

 (c) [ ] Insurance company as defined in section 3(a)(19) of
 the Act (15 U.S.C. 78c).

 (d) [ ] Investment company registered under section 8 of
 the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 (e) [X] An investment adviser in accordance withss.240.13d-
 1(b)(1)(ii)(E);

 (f) [ ] An employee benefit plan or endowment fund in
 accordance withss.240.13d-1(b)(1)(ii)(F);

 (g) [ ] A parent holding company or control person in
 accordance withss.240.13d-1(b)(1)(ii)(G);

 (h) [ ] A savings association as defined in Section 3(b) of
 the Federal Deposit Insurance Act (12 U.S.C. 1813);

 (i) [ ] A church plan that is excluded from the definition
 of an investment company under section 3(c)(14) of the
 Investment Company Act of 1940 (15 U.S.C. 80a-3);

 (j) [ ] Group, in accordance withss.240.13d-1(b)(1)(ii)(J).


Item 4. Ownership

 In accordance with Securities and Exchange Commission Release No. 34-39538
(Jan. 12, 1998), this statement on Schedule 13G is being filed by NFA as a
separate business unit or division of its ultimate parent entity, Nationwide
Mutual Insurance Company. NFA, acting as a separate business unit or division
for purposes of Regulation 13D-G, exercises voting and investment powers
independently from other business units or divisions of Nationwide Mutual
Insurance Company.

 The securities reported herein are beneficially owned by one or more open
or closed-end investment companies or other managed accounts which are advised
by NFA, a registered investment adviser. Consistent with Rule 13d-4 under the
Securities Exchange Act of 1934, this Schedule 13G shall not be construed as an
admission that NFA, or any other person, is the beneficial owner of any
securities covered by this statement.

 a. Amount beneficially owned: 3,171,620

 b. Percent of class 7.69%

 c. Number of shares as to which such person has:

 i. Sole power to vote or to direct the vote: 0

 ii. Shared power to vote or to direct the vote: 3,171,620

 iii. Sole power to dispose or to direct the disposition of: 0

 iv. Shared power to dispose or to direct the disposition of: 3,171,620

Item 5. Ownership of Five Percent or Less of a Class

 N/A

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 The clients of NFA, including investment companies registered under the
Investment Company Act of 1940 and other managed accounts, have the right to
receive dividends from as well as the proceeds from the sale of such securities
reported on in this statement. As of December 31, 2007, no client's interest
related to more than 5%.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
 Security Being Reported on By the Parent Holding Company

 N/A

Item 8. Identification and Classification of Members of the Group

 N/A

Item 9. Notice of Dissolution of Group

 N/A

Item 10. Certification

 By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.





SIGNATURES

 After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.



 NATIONWIDE FUND ADVISORS



 By: /s/Eric E. Miller/s/
 Name: Eric E. Miller
 Title: Senior Vice President
 Date: February 15, 2008

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