<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>071
<NAME>NATIONS INTERNATIONAL VALUE PORTFOLIO
<S> <C>
<MULTIPLIER>1000
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Mar-31-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 1,132,932
<INVESTMENTS-AT-VALUE> 1,175,910
<RECEIVABLES> 21,524
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3,461
<TOTAL-ASSETS> 1,200,895
<PAYABLE-FOR-SECURITIES> (16,412)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (328,387)
<TOTAL-LIABILITIES> (344,799)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 856,096
<DIVIDEND-INCOME> 7,568
<INTEREST-INCOME> 811
<OTHER-INCOME> 705
<EXPENSES-NET> 2,501
<NET-INVESTMENT-INCOME> 6,583
<REALIZED-GAINS-CURRENT> 63,750
<APPREC-INCREASE-CURRENT> 39,265
<NET-CHANGE-FROM-OPS> 109,598
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,096,010
<NUMBER-OF-SHARES-REDEEMED> (349,512)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 856,096
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,561
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,803
<AVERAGE-NET-ASSETS> 282,952
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.88
</TABLE>
