<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>0701
<NAME>NATIONS INTERNATIONAL VALUE MASTER PORTFOLIO SINGLE
<S> <C>
<MULTIPLIER>1000
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Mar-31-2001
<PERIOD-END> Sep-30-2000
<INVESTMENTS-AT-COST> 1,581,686
<INVESTMENTS-AT-VALUE> 1,643,176
<RECEIVABLES> 3,852
<ASSETS-OTHER> 16,948
<OTHER-ITEMS-ASSETS> 29
<TOTAL-ASSETS> 1,664,005
<PAYABLE-FOR-SECURITIES> (13,851)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (377,132)
<TOTAL-LIABILITIES> (390,983)
<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> 1,273,022
<DIVIDEND-INCOME> 14,895
<INTEREST-INCOME> 1,189
<OTHER-INCOME> 1,471
<EXPENSES-NET> 4,736
<NET-INVESTMENT-INCOME> 12,819
<REALIZED-GAINS-CURRENT> (4,664)
<APPREC-INCREASE-CURRENT> 18,456
<NET-CHANGE-FROM-OPS> 26,611
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 919,366
<NUMBER-OF-SHARES-REDEEMED> (529,051)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 416,926
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,919
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,308
<AVERAGE-NET-ASSETS> 1,094,082
<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> 2.34
</TABLE>
