<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>0601
<NAME>NATIONS INTERNATIONAL EQUITY 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> 1,019,446
<INVESTMENTS-AT-VALUE> 1,065,552
<RECEIVABLES> 26,128
<ASSETS-OTHER> 65,808
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,157,488
<PAYABLE-FOR-SECURITIES> (66,964)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (38,335)
<TOTAL-LIABILITIES> (105,299)
<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> 1,052,189
<DIVIDEND-INCOME> 11,439
<INTEREST-INCOME> 1,382
<OTHER-INCOME> 231
<EXPENSES-NET> 4,403
<NET-INVESTMENT-INCOME> 8,649
<REALIZED-GAINS-CURRENT> 16,666
<APPREC-INCREASE-CURRENT> (145,173)
<NET-CHANGE-FROM-OPS> (119,858)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,701,586
<NUMBER-OF-SHARES-REDEEMED> (1,457,985)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 123,743
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,869
<INTEREST-EXPENSE> 28
<GROSS-EXPENSE> 4,403
<AVERAGE-NET-ASSETS> 967,339
<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> 0.90
</TABLE>
