<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>7
<NAME>NATIONS ANNUITY SMALLCAP INDEX
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-END> Jun-30-2000
<INVESTMENTS-AT-COST> 7,475,698
<INVESTMENTS-AT-VALUE> 8,413,855
<RECEIVABLES> 207,078
<ASSETS-OTHER> 10,986
<OTHER-ITEMS-ASSETS> 26,028
<TOTAL-ASSETS> 8,657,947
<PAYABLE-FOR-SECURITIES> (10,125)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (448,515)
<TOTAL-LIABILITIES> (458,640)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,765,353
<SHARES-COMMON-STOCK> 801,304
<SHARES-COMMON-PRIOR> 752,513
<ACCUMULATED-NII-CURRENT> 8,143
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (508,169)
<ACCUM-APPREC-OR-DEPREC> 933,980
<NET-ASSETS> 8,199,307
<DIVIDEND-INCOME> 24,650
<INTEREST-INCOME> 11,035
<OTHER-INCOME> 497
<EXPENSES-NET> 28,039
<NET-INVESTMENT-INCOME> 8,143
<REALIZED-GAINS-CURRENT> 229,064
<APPREC-INCREASE-CURRENT> 296,372
<NET-CHANGE-FROM-OPS> 533,579
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 72,879
<NUMBER-OF-SHARES-REDEEMED> (24,088)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,012,378
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (737,233)
<GROSS-ADVISORY-FEES> 14,967
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 73,631
<AVERAGE-NET-ASSETS> 3,745,360
<PER-SHARE-NAV-BEGIN> 9.55
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.67
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.23
<EXPENSE-RATIO> 0.75
</TABLE>
