NATIONS ANNUITY TRUST
NATIONS MARSICO FOCUSED EQUITIES PORTFOLIO
NATIONS MARSICO GROWTH & INCOME PORTFOLIO
Supplement dated November 3, 2000
to Prospectus dated May 1, 2000
The prospectus for Nations Marsico Focused Equities Portfolio and Nations
Marsico Growth & Income Portfolio is hereby supplemented by inserting
information at the end of the second paragraph under the heading "How the
Portfolios are managed -- Investment sub-advisers -- Marsico Capital Management,
LLC", as follows:
Bank of America recently announced its intention to purchase the
remaining 50% equity interest in Marsico Capital. Under applicable law,
the change in ownership that would result from this purchase would
terminate Marsico Capital's investment sub-advisory agreement with
Nations Annuity Trust. Shareholders of the Portfolios sub-advised by
Marsico Capital must approve a new investment sub-advisory agreement in
order for Marsico Capital to continue to serve as investment
sub-adviser to the Portfolios. It is anticipated that special meetings
of shareholders of Nations Marsico Focused Equities Portfolio and
Nations Marsico Growth & Income Portfolio will be called in the spring
of 2001 to seek these approvals.
