<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>041
<NAME>NATIONS MARSICO FOCUSED EQUITIES PORTFOLIO
<S> <C>
<MULTIPLIER>1000
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Mar-31-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 2,022,216
<INVESTMENTS-AT-VALUE> 2,535,296
<RECEIVABLES> 7,345
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 526
<TOTAL-ASSETS> 2,543,167
<PAYABLE-FOR-SECURITIES> (50,639)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (229,362)
<TOTAL-LIABILITIES> (280,001)
<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> 2,263,166
<DIVIDEND-INCOME> 2,453
<INTEREST-INCOME> 3,595
<OTHER-INCOME> 224
<EXPENSES-NET> 6,812
<NET-INVESTMENT-INCOME> (540)
<REALIZED-GAINS-CURRENT> 24,535
<APPREC-INCREASE-CURRENT> 137,004
<NET-CHANGE-FROM-OPS> 160,999
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,482,428
<NUMBER-OF-SHARES-REDEEMED> (380,261)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,263,166
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,068
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,824
<AVERAGE-NET-ASSETS> 810,014
<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> 0.84
</TABLE>
