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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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SIGNATURE JOSEPH VISELLI
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME>NATIONS LIFEGOAL FUNDS GROWTH INV-C
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<OTHER-INCOME> 0
<EXPENSES-NET> 784
<NET-INVESTMENT-INCOME> 1,982
<REALIZED-GAINS-CURRENT> 3,232
<APPREC-INCREASE-CURRENT> (82,144)
<NET-CHANGE-FROM-OPS> (76,930)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,070
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,652,191
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 510
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 784
<AVERAGE-NET-ASSETS> 30,080
<PER-SHARE-NAV-BEGIN> 10.06
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 0.09
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.15
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>021
<NAME>NATIONS LIFEGOAL FUNDS BALANCED GROWTH PR-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 2,299,114
<INVESTMENTS-AT-VALUE> 2,225,870
<RECEIVABLES> 68,639
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,294,509
<PAYABLE-FOR-SECURITIES> 68,862
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 573
<TOTAL-LIABILITIES> 69,435
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,184,039
<SHARES-COMMON-STOCK> 212,550
<SHARES-COMMON-PRIOR> 3,000
<ACCUMULATED-NII-CURRENT> 695
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 558
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (73,244)
<NET-ASSETS> 2,113,923
<DIVIDEND-INCOME> 9,221
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 573
<NET-INVESTMENT-INCOME> 8,648
<REALIZED-GAINS-CURRENT> 558
<APPREC-INCREASE-CURRENT> (73,244)
<NET-CHANGE-FROM-OPS> (64,038)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,739)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 209,694
<NUMBER-OF-SHARES-REDEEMED> (914)
<SHARES-REINVESTED> 770
<NET-CHANGE-IN-ASSETS> 2,194,928
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 551
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 573
<AVERAGE-NET-ASSETS> 462,439
<PER-SHARE-NAV-BEGIN> 10.05
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 0.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>022
<NAME>NATIONS LIFEGOAL FUNDS BALANCED GROWTH INV-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 2,299,114
<INVESTMENTS-AT-VALUE> 2,225,870
<RECEIVABLES> 68,639
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,294,509
<PAYABLE-FOR-SECURITIES> 68,862
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 573
<TOTAL-LIABILITIES> 69,435
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,005
<SHARES-COMMON-STOCK> 9,408
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 695
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 558
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (73,244)
<NET-ASSETS> 93,610
<DIVIDEND-INCOME> 9,221
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 573
<NET-INVESTMENT-INCOME> 8,648
<REALIZED-GAINS-CURRENT> 558
<APPREC-INCREASE-CURRENT> (73,244)
<NET-CHANGE-FROM-OPS> (64,038)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (162)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,407
<NUMBER-OF-SHARES-REDEEMED> (15)
<SHARES-REINVESTED> 16
<NET-CHANGE-IN-ASSETS> 2,194,928
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 551
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 573
<AVERAGE-NET-ASSETS> 12,492
<PER-SHARE-NAV-BEGIN> 10.05
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>023
<NAME>NATIONS LIFEGOAL FUNDS BALANCED GROWTH INV-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 2,299,114
<INVESTMENTS-AT-VALUE> 2,225,870
<RECEIVABLES> 68,639
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,294,509
<PAYABLE-FOR-SECURITIES> 68,862
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 573
<TOTAL-LIABILITIES> 69,435
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,021
<SHARES-COMMON-STOCK> 1,763
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 695
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 558
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (73,244)
<NET-ASSETS> 17,541
<DIVIDEND-INCOME> 9,221
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 573
<NET-INVESTMENT-INCOME> 8,648
<REALIZED-GAINS-CURRENT> 558
<APPREC-INCREASE-CURRENT> (73,244)
<NET-CHANGE-FROM-OPS> (64,038)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (52)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,998
<NUMBER-OF-SHARES-REDEEMED> (240)
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 2,194,928
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 551
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 573
<AVERAGE-NET-ASSETS> 3,539
<PER-SHARE-NAV-BEGIN> 10.05
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>031
<NAME>NATIONS LIFEGOAL FUNDS INCOME AND GROWTH PR-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 359,827
<INVESTMENTS-AT-VALUE> 354,813
<RECEIVABLES> 29,997
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,810
<PAYABLE-FOR-SECURITIES> 30,040
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 30,151
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 225,598
<SHARES-COMMON-STOCK> 22,336
<SHARES-COMMON-PRIOR> 3,000
<ACCUMULATED-NII-CURRENT> 75
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 621
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,014)
<NET-ASSETS> 222,687
<DIVIDEND-INCOME> 2,408
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 111
<NET-INVESTMENT-INCOME> 2,297
<REALIZED-GAINS-CURRENT> 621
<APPREC-INCREASE-CURRENT> (5,014)
<NET-CHANGE-FROM-OPS> (2,096)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,688)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,568
<NUMBER-OF-SHARES-REDEEMED> (401)
<SHARES-REINVESTED> 169
<NET-CHANGE-IN-ASSETS> 324,564
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 111
<AVERAGE-NET-ASSETS> 61,487
<PER-SHARE-NAV-BEGIN> 10.03
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> 0.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>032
<NAME>NATIONS LIFEGOAL FUNDS INCOME AND GROWTH INV-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 359,827
<INVESTMENTS-AT-VALUE> 354,813
<RECEIVABLES> 29,997
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,810
<PAYABLE-FOR-SECURITIES> 30,040
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 30,151
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 132,419
<SHARES-COMMON-STOCK> 13,144
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 75
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 621
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,014)
<NET-ASSETS> 131,015
<DIVIDEND-INCOME> 2,408
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 111
<NET-INVESTMENT-INCOME> 2,297
<REALIZED-GAINS-CURRENT> 621
<APPREC-INCREASE-CURRENT> (5,014)
<NET-CHANGE-FROM-OPS> (2,096)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (531)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,267
<NUMBER-OF-SHARES-REDEEMED> (175)
<SHARES-REINVESTED> 52
<NET-CHANGE-IN-ASSETS> 324,564
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 111
<AVERAGE-NET-ASSETS> 17,712
<PER-SHARE-NAV-BEGIN> 10.03
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>033
<NAME>NATIONS LIFEGOAL FUNDS INCOME AND GROWTH INV-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 359,827
<INVESTMENTS-AT-VALUE> 354,813
<RECEIVABLES> 29,997
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,810
<PAYABLE-FOR-SECURITIES> 30,040
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 30,151
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 960
<SHARES-COMMON-STOCK> 96
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 75
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 621
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,014)
<NET-ASSETS> 957
<DIVIDEND-INCOME> 2,408
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 111
<NET-INVESTMENT-INCOME> 2,297
<REALIZED-GAINS-CURRENT> 621
<APPREC-INCREASE-CURRENT> (5,014)
<NET-CHANGE-FROM-OPS> (2,096)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 96
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 324,564
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 111
<AVERAGE-NET-ASSETS> 167
<PER-SHARE-NAV-BEGIN> 10.03
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
