<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>8
<NAME>NATIONS ANNUITY BALANCED ASSETS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-END> Jun-30-2000
<INVESTMENTS-AT-COST> 6,660,951
<INVESTMENTS-AT-VALUE> 6,680,991
<RECEIVABLES> 83,740
<ASSETS-OTHER> 10,986
<OTHER-ITEMS-ASSETS> 173
<TOTAL-ASSETS> 6,775,717
<PAYABLE-FOR-SECURITIES> (182,167)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (279,172)
<TOTAL-LIABILITIES> (461,339)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,400,678
<SHARES-COMMON-STOCK> 660,008
<SHARES-COMMON-PRIOR> 678,661
<ACCUMULATED-NII-CURRENT> 95,424
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (201,764)
<ACCUM-APPREC-OR-DEPREC> 20,040
<NET-ASSETS> 6,314,378
<DIVIDEND-INCOME> 32,558
<INTEREST-INCOME> 92,989
<OTHER-INCOME> 627
<EXPENSES-NET> 30,750
<NET-INVESTMENT-INCOME> 95,424
<REALIZED-GAINS-CURRENT> 88,052
<APPREC-INCREASE-CURRENT> (280,867)
<NET-CHANGE-FROM-OPS> (97,391)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 107,466
<NUMBER-OF-SHARES-REDEEMED> (126,119)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (234,068)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (289,816)
<GROSS-ADVISORY-FEES> 19,889
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 66,440
<AVERAGE-NET-ASSETS> 3,057,518
<PER-SHARE-NAV-BEGIN> 9.65
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> (0.23)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.57
<EXPENSE-RATIO> 1.00
</TABLE>
