FAMILY DOLLAR STORES INC
SC 13G, 1998-07-10
VARIETY STORES
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                        Page 10 of 10 Pages
                SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  20549
                                 
                           SCHEDULE 13G
                                 
             Under the Securities Exchange Act of 1934
                         (Amendment No. )
                                 
        Family Dollar Stores Inc.FAMILY DOLLAR STORES INC.
                         (Name of Issuer)
                                 
                           Common Stock
                  (Title of Class of Securities)
                                 
                        307000109307000109
                          (CUSIP Number)
                                 
                                 
                                 
Check the following box if a fee is being paid      
with this statement.

(A  fee  is  not required only if the filing person:   (1)  has  a
previous statement on file reporting beneficial ownership of  more
than five percent of the class of securities described in Item  1;
and  (2)  has  filed  no  amendment subsequent  thereto  reporting
beneficial ownership of five percent or less of such class).  (See
Rule 13d-7).

The  remainder  of  this cover page shall  be  filled  out  for  a
reporting person's initial filing on this form with respect to the
subject  class  of  securities, and for any  subsequent  amendment
containing information which would alter the disclosures  provided
in a prior cover page.

The information required in the remainder of this cover page shall
not  be deemed to be "filed" for the purpose of Section 18 of  the
Securities  Exchange Act of 1934 ("Act") or otherwise  subject  to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
                                 
                                 
                                 
                                 
                                 
                                 
                 (Continued on following pages(s))
                                 
                                 
                                 
CUSIP NO.  307000109
                                13G
 1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank Corporation
 2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                    (a)     
     
                                                    (b)   X 
     
 3   SEC USE ONLY
    
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    North Carolina Corporation
               5 SOLE VOTING POWER
                
                16667373
  NUMBER OF    6 SHARED VOTING POWER
   SHARES        
BENEFICIALLY     7000
  OWNED BY
    EACH       7 SOLE DISPOSITIVE POWER
  REPORTING      
 PERSON WITH     17265343
               8 SHARED DISPOSITIVE POWER
                
                10450
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    17300893
 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    10.05
 12  TYPE OF REPORTING PERSON *
    
    HC
               *SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.  307000109
                                13G
 1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBanc Montgomery Securities LLC
 2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                    (a)     
     
                                                    (b)   X 
     
 3   SEC USE ONLY
    
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    Delaware Corporation
               5 SOLE VOTING POWER
                
                11500
  NUMBER OF    6 SHARED VOTING POWER
   SHARES        
BENEFICIALLY     0
  OWNED BY
    EACH       7 SOLE DISPOSITIVE POWER
  REPORTING      
 PERSON WITH     160150
               8 SHARED DISPOSITIVE POWER
                
                0
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    160150
 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    .10
 12  TYPE OF REPORTING PERSON *
    
    IA
               *SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.  307000109
                                13G
 1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NB Holdings Corporation
 2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                    (a)     
     
                                                    (b)   X 
     
 3   SEC USE ONLY
    
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    North Carolina Corporation
               5 SOLE VOTING POWER
                
                16655873
  NUMBER OF    6 SHARED VOTING POWER
   SHARES        
BENEFICIALLY     7000
  OWNED BY
    EACH       7 SOLE DISPOSITIVE POWER
  REPORTING      
 PERSON WITH     17105193
               8 SHARED DISPOSITIVE POWER
                
                10450
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    17140743
 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    9.95
 12  TYPE OF REPORTING PERSON *
    
    HC
               *SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.  307000109
                                13G
 1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank, N.A.
 2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                    (a)     
     
                                                    (b)   X 
     
 3   SEC USE ONLY
    
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
               5 SOLE VOTING POWER
                
                16649345
  NUMBER OF    6 SHARED VOTING POWER
   SHARES        
BENEFICIALLY     7000
  OWNED BY
    EACH       7 SOLE DISPOSITIVE POWER
  REPORTING      
 PERSON WITH     17104865
                
               8 SHARED DISPOSITIVE POWER
                
                8050
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    17134215
 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    9.95
 12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.  307000109
                                13G
 1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    Barnett Bank, N.A.
 2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                    (a)     
     
                                                    (b)   X 
     
 3   SEC USE ONLY
    
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
               5 SOLE VOTING POWER
                
                6528
  NUMBER OF    6 SHARED VOTING POWER
   SHARES        
BENEFICIALLY     0
  OWNED BY
    EACH       7 SOLE DISPOSITIVE POWER
  REPORTING      
 PERSON WITH     328
               8 SHARED DISPOSITIVE POWER
                
                2400
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    6528
 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    0
 12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!
                           SCHEDULE 13G
                                 
                                 
Item 1(a) Name of Issuer:

     Family Dollar Stores Inc.

Item 1(b) Address of Issuer's Principal Executive Offices:

     P. O. Box 1017
     Charlotte, North Carolina 28201-1017

Item 2(a) Name of Person(s) Filing:

     (a)  NationsBank Corporation
     (b)  NationsBanc Montgomery Securities LLC
     (c)  NB Holdings Corporation
     (d)  NationsBank, N.A.
     (e)  Barnett Bank, N.A.

Item 2(b) Address of Principal Business Office or, if none,
Residence:

     (a)  101 South Tryon Street, NationsBank Plaza, Charlotte,
          North Carolina  28255
     (b)  600 Montgomery Street, San Francisco, California  94111
     (c)  100 North Tryon Street, NationsBank Corporate Center,
          Charlotte, North Carolina  28255
     (d)  110 South Tryon Street, NationsBank Plaza, Charlotte,
          North Carolina  28255
     (e)  50 North Laura Street, Jacksonville, Florida  32202

Item 2(c) Citizenship:

     (a)  North Carolina corporation
     (b)  Delaware corporation
     (c)  North Carolina corporation
     (d)  U.S. National Banking Association
     (e)  U.S. National Banking Association

Item 2(d) Title of Class of Securities:

     Common Stock

Item 2(e) CUSIP Number:

     307000109

Item 3    If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b),
          check whether the person filing is a:
          
     (a)      Broker or Dealer registered under Section 15
             of the Act
     
     (b)    X Bank as defined in Section 3(a)(6) of the Act
     
     (c)      Insurance Company as defined in Section
             3(a)(19) of the Act
     
     (d)      Investment Company registered under Section 8
             of the Investment
             Company Act
             
     (e)    X Investment Advisor registered under Section
             203 of the
             Investment Advisors Act of 1940
             
     (f)      Employee Benefit Plan, Pension Fund which is
             subject to the
             provisions of the Employee Retirement Income Security
             Act of
             1974 or Endowment Fund; see Sub-section 240.13d-
             1(b)(1)(ii)(F)
             
     (g)    X Parent Holding Company in accordance with Sub-
             section
             240.13d-1(b)(ii)(G) (Note:  See Item 7)
             
     (h)    X Group, in accordance with Sub-section 240.13d-
             1(b)(1)(ii)(H)
     
     The following entities are holding companies:
          NationsBank Corporation
          NB Holdings Corporation
     The following entities are banks:
          NationsBank, N.A.
          Barnett Bank, N.A.
     The following entities are registered investment advisors:
          NationsBanc Montgomery Securities LLC

Item 4    Ownership:

     With respect to the beneficial ownership of the reporting
     entity as of 6-30-98, see Items 5 through 11, inclusive, of
     the respective cover pages of this Schedule 13G applicable to
     such entity which are incorporated herein by reference.

Item 5    Ownership of Five Percent or Less of a Class:

     If this statement is being filed to report the fact that as
     of the date hereof the reporting person has ceased to be the
     beneficial owner of more than five percent of the class of
     securities, check the following                

Item 6    Ownership of More Than Five Percent on Behalf of Another
Person:

     To the extent that the reported shares are held in various
     fiduciary accounts, dividends and the proceeds of such shares
     are payable to other persons, including such accounts, the
     beneficiaries or settlors thereof or a combination of such
     persons.  In certain instances, other persons (including
     beneficiaries and settlors) may be deemed to have the power
     to direct receipt of dividends or the proceeds of the sale of
     shares reported herein.  To the best of the undersigned's
     knowledge and belief, no one other person has such an
     economic interest relating to more than 5% of the class of
     reported shares.

Item 7    Identification and Classification of the Subsidiary
Which Acquired
          the Security Being Reported on By the Parent Holding
          Company:
          
     Pursuant to Rule 13d-1(b)(1)(ii)(G) of the Securities
     Exchange Act of 1934, NationsBank Corporation is filing this
     Schedule 13G as a parent holding company of the following:
     a.   NB Holdings Corporation, which is a holding company of
     its subsidiaries,
               NationsBank, N.A.
               Barnett Bank, N.A.
          classifiable under Item 3(b) as Banks as defined in
          Section 3(a)(6) of the Securities Exchange Act of 1934.
     b.   NationsBanc Montgomery Securities LLC, a registered
          investment advisor under the Investment Advisors Act of
          1940.

Item 8    Identification and Classification of Members of the
Group:

     Except for the relationships referred to in Item 7 hereof,
     the reporting entities do not affirm the existence of a
     group.  This Form is filed on behalf of each of the entities
     listed in Item 2(a) hereof.

Item 9    Notice of Dissolution of Group:

     Not Applicable

Item 10   Certification:

     By signing below, I certify that, to the best of my knowledge
     and belief, the securities referred to above were acquired in
     the ordinary course of business and were not acquired for the
     purpose of and do not have the effect of changing or
     influencing the control of the issuer of such securities and
     were not acquired in connection with or as a participant in
     any transaction having such purpose or effect.
                              
                              
                              Signature
                              
                              
     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.

                              
                              NATIONSBANK CORPORATION
                              
                              NATIONSBANC MONTGOMERY SECURITIES
                                   LLC
                              
                              NB HOLDINGS CORPORATION
                              
                              NATIONSBANK, N.A.
                              
                              BARNETT BANK, N.A.
                               
                               
                               
     Dat  July 9, 1998     By: 
     e:
                              Name: Stephen A. Doyle
                              Title: Vice President
FMLYDOL.DOC  MJC



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