THIS PAPER DOCUMENT IS BEING SUBMITTED PURSUANT TO
RULE 901 (d) OF REGULATION S-T
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Nova Corporation
(Name of Issuer)
Common Stock, Par Value $.01 per share
(Title of Class of Securities)
669784100
(CUSIP Number)
Check the following box if a fee is being paid with this statement [].
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.)
(See Rule 13d-7.)
* 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 the disclosures provided
in a prior cover page.
The information required in 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).
(Continued on the following page(s))
Page 1 of 5 Pages
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Page 2 of 5
CUSIP NO. 669784100
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos.
of Above Persons:
First Union Corporation 56-0898180
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization:
North Carolina
Number of Shares Beneficially Owned by Each Reporting Person with:
(5) Sole Voting Power 6,845,757
(6) Shared Voting Power 0
(7) Sole Dispositive Power 7,187,940
(8) Shared Dispositive Power 0
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
7,187,940
(10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares
(See Instructions)
[ ]
(11) Percent of Class Represented by Amount in Row 9
9.98% (based on 72,040,000 shares outstanding on 12/31/98)
(12) Type of Reporting Person (See Instructions)
First Union Corporation (HC)
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Item 1(a) Name of Issuer:
Nova Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
One Concourse Parkway
Suite 700
Atlanta, GA 30328
Item 2(a) Name of Person Filing:
First Union Corporation
Item 2(b) Address of Principal Business Office:
One First Union Center
Charlotte, North Carolina 28288-0137
Item 2(c) Citizenship:
North Carolina
Item 2(d) Title of Class of Securities:
Common Stock, Par Value $.01 per share
Item 2(e) CUSIP Number:
669784100
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(g)[X]Parent Holding Company, in accordance with section
240.13d-1(b) (ii) (G)
Item 4 Ownership.
(a) Amount Beneficially Owned: 7,187,940
(b) Percent of Class: 9.98 %
Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 6,845,757
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the disposition of 7,187,940
(iv) shared power to dispose or to direct the disposition of 0
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Item 5 Ownership of Five Percent or Less of a Class.
Item 6 Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding Company.
First Union Corporation is filing this schedule pursuant to
Rule 13d-1(c) as indicated under Item 3(g). The relevant
subsidiaries are Wheat First Securities, Inc. (IA), Mentor
Investment Advisors, LLC (IA), First Union Nova Holdings of
N.C., Inc., Wheat First Securities, Inc. and Mentor Investment
Advisors, LLC are investment advisors for mutual funds and
other clients; the securities reported by these subsidiaries
are beneficially owned by such mutual funds or other clients.
Item 8 Identification and Classification of Members of the Group.
Not applicable
Item 9 Notice of Dissolution of Group.
Not applicable
Item 10 Certification.
By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing
the control of the issuer of such securities and were not
acquired in connection with or as a participant in any
transaction having such purposes or effect.
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Signature.
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.
FIRST UNION CORPORATION
February 11, 1999
Date
Signature
Karen F. Knudtsen, Assistant Vice President
& Compliance Officer
