BANK OF AMERICA CORP /DE/
SC 13G, 2000-10-05
NATIONAL COMMERCIAL BANKS
Previous: NUI CORP, S-4/A, EX-99.2, 2000-10-05
Next: OFFSHORE LOGISTICS INC, SC 13D/A, 2000-10-05



                     Page 1 of 10 Pages
             SECURITIES AND EXCHANGE COMMISSION

                   Washington, D.C. 20549

                        SCHEDULE 13G
                       (RULE 13d-102)

 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
   RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
                  PURSUANT TO RULE 13d-2(b)
                   (Amendment No.      )*


                    CHECKFREE CORPORATION
                      (Name of Issuer)


                       COMMON STOCK, $ .01 PAR VALUE
               (Title of Class of Securities)


                          162813-10-9
                       (CUSIP Number)


                    SEPTEMBER 30, 2000
     (Date of Event which Requires Filing of Statement)


Check the appropriate box to designate the Rule pursuant  to
which this Schedule is filed:

                         Rule 13d - 1(b)
                       X Rule 13d - 1(c)
                         Rule 13d - 1(d)

*     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 disclosures provided in a prior cover page.

The information required on the remainder of this 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 page(s))



CUSIP No.  162813-10-9
    1     NAMES OF REPORTING PERSONS
          I.R.S.   IDENTIFICATION  NO.  OF   ABOVE   PERSONS
          (ENTITIES ONLY):

          BANK OF AMERICA CORPORATION  56-0906609

    2     CHECK  THE APPROPRIATE BOX IF A MEMBER OF A  GROUP
          (SEE                                 INSTRUCTIONS)
          (a)

          (b)
    3     SEC USE ONLY

    4     CITIZENSHIP     OR    PLACE    OF     ORGANIZATION
          Delaware

                                                10,450,000
  NUMBER OF     5       SOLE VOTING POWER
   SHARES
BENEFICIALLY    6
OWNED BY EACH
  REPORTING
 PERSON WITH    7

                8
                                                     0
                       SHARED VOTING POWER
                                                10,450,000
                      SOLE DISPOSITIVE POWER
                     SHARED DISPOSITIVE POWER        0
   9     AGGREGATE   AMOUNT  BENEFICIALLY  OWNED   BY   EACH
         REPORTING PERSON

         10,450,000
   10    CHECK  IF  THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES (SEE INSTRUCTIONS)


   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         12.1%
   12    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

         HC, CO















CUSIP No. 162813-10-9
    1     NAMES OF REPORTING PERSONS
          I.R.S.   IDENTIFICATION  NO.  OF   ABOVE   PERSONS
          (ENTITIES ONLY):

          NB HOLDINGS CORPORATION   56-1857749

    2     CHECK  THE APPROPRIATE BOX IF A MEMBER OF A  GROUP
          (SEE                                 INSTRUCTIONS)
          (a)

          (b)
    3     SEC USE ONLY

    4     CITIZENSHIP     OR    PLACE    OF     ORGANIZATION
          Delaware

                                                10,450,000
  NUMBER OF     5       SOLE VOTING POWER
   SHARES
BENEFICIALLY    6
OWNED BY EACH
  REPORTING
 PERSON WITH    7

                8
                                                     0
                       SHARED VOTING POWER
                                                10,450,000
                      SOLE DISPOSITIVE POWER
                     SHARED DISPOSITIVE POWER        0
   9     AGGREGATE   AMOUNT  BENEFICIALLY  OWNED   BY   EACH
         REPORTING PERSON

         10,450,000
   10    CHECK  IF  THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES (SEE INSTRUCTIONS)


   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         12.1%
   12    TYPE   OF   REPORTING  PERSON  (SEE   INSTRUCTIONS)
         CO

















CUSIP No. 162813-10-9
    1     NAMES OF REPORTING PERSONS
          I.R.S.   IDENTIFICATION  NO.  OF   ABOVE   PERSONS
          (ENTITIES ONLY):

          BANK OF AMERICA, N.A.    94-1687665

    2     CHECK  THE APPROPRIATE BOX IF A MEMBER OF A  GROUP
          (SEE                                 INSTRUCTIONS)
          (a)

          (b)
    3     SEC USE ONLY

    4     CITIZENSHIP OR PLACE OF ORGANIZATION

          United States of America

                                                10,450,000
  NUMBER OF     5       SOLE VOTING POWER
   SHARES
BENEFICIALLY    6
OWNED BY EACH
  REPORTING
 PERSON WITH    7

                8
                                                     0
                       SHARED VOTING POWER
                                                10,450,000
                      SOLE DISPOSITIVE POWER
                     SHARED DISPOSITIVE POWER        0
   9     AGGREGATE   AMOUNT  BENEFICIALLY  OWNED   BY   EACH
         REPORTING PERSON

         10,450,000
   10    CHECK  IF  THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES (SEE INSTRUCTIONS)


   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         12.1%
   12    TYPE   OF   REPORTING  PERSON  (SEE   INSTRUCTIONS)
         BK














CUSIP No. 162813-10-9
    1     NAMES OF REPORTING PERSONS
          I.R.S.   IDENTIFICATION  NO.  OF   ABOVE   PERSONS
          (ENTITIES ONLY):

          BANC  OF  AMERICA E-COMMERCE HOLDINGS,  INC.   94-
          3234951

    2     CHECK  THE APPROPRIATE BOX IF A MEMBER OF A  GROUP
          (SEE                                 INSTRUCTIONS)
          (a)

          (b)
    3     SEC USE ONLY

    4     CITIZENSHIP     OR    PLACE    OF     ORGANIZATION
          Delaware

                                                10,450,000
  NUMBER OF     5       SOLE VOTING POWER
   SHARES
BENEFICIALLY    6
OWNED BY EACH
  REPORTING
 PERSON WITH    7

                8
                                                     0
                       SHARED VOTING POWER
                                                10,450,000
                      SOLE DISPOSITIVE POWER
                     SHARED DISPOSITIVE POWER        0
   9     AGGREGATE   AMOUNT  BENEFICIALLY  OWNED   BY   EACH
         REPORTING PERSON

         10,450,000
   10    CHECK  IF  THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES (SEE INSTRUCTIONS)


   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         12.1%
   12    TYPE   OF   REPORTING  PERSON  (SEE   INSTRUCTIONS)
         CO
















Item 1(a).     Name of Issuer:

          CheckFree Corporation ("CheckFree")

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

          4411 East Jones Bridge Road
          Norcross, Georgia 30092

Item 2(a).     Name of Person Filing:

          Bank of America Corporation
          NB Holdings Corporation
          Bank of America, N.A.
          Banc of America E-Commerce Holdings, Inc.

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

          Bank of America Corporation
          100 North Tryon Street
          Charlotte, NC 28255

          NB Holdings Corporation
          1209 Orange Street
          Wilmington, DE 19801

          Bank of America, N.A.
          101 South Tryon Street
          Charlotte, NC 28255

          Banc of America E-Commerce Holdings, Inc.
          101 South Tryon Street
          Charlotte, 28255

Item 2(c).     Citizenship:

          Bank of America Corporation:       Delaware
          NB Holdings Corporation      :          Delaware
          Bank of America, N.A.           :       United
States of America
          Banc of America E-Commerce
               Holdings, Inc.:                    Delaware

Item 2(d).     Title of Class of Securities:

          Common Stock, $.01 Par Value

Item 2(e).     CUSIP Number:

          162813-10-9

Item 3.        If This Statement is Filed Pursuant to Rule
13d-1(b), or
          13d-2(b) or (c), Check Whether the Person Filing
     is a:

          (a) Broker or dealer registered under Section 15
              of the Exchange Act.
          (b) Bank as defined in Section 3(a)(6) of the
              Exchange Act.
          (c) Insurance company as defined in Section
              3(a)(19) of the Exchange Act.
          (d) Investment company registered under Section 8
              of the Investment Company Act.
          (e) An investment adviser in accordance with Rule
              13d-1(b)(1)(ii)(E);
          (f) An employee benefit plan or endowment fund in
              accordance with Rule 13d-1(b)(1)(ii)(F);
           (g)A parent holding company or control person in
              accordance with Rule 13d-1(b)(1)(ii)(G);
          (h) A savings association as defined in Section
              3(b) of the Federal Deposit Insurance Act;
           (i)A church plan that is excluded from the
              definition of an investment company under
              Section 3(c)(14) of the Investment Company
              Act;
           (j)Group, in accordance with Rule 13d-
              1(b)(1)(ii)(J).

          If this statement is filed pursuant to Rule 13d-
              1(c), check this box.

Item 4.        Ownership:

          With respect to the beneficial ownership of each
          reporting person, see Items 5 through 11 of the
          cover pages to this Schedule 13G applicable to
          each such person (pp. 2-5), 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:

          Not applicable.

Item 7.        Identification and Classification of the
Subsidiary which
          Acquired the Security Being Reported on By the
     Parent
          Holding Company:

          Not applicable.

Item 8.        Identification and Classification of Members
of the
          Group:

          Not applicable.

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 not acquired and are not held for the
          purpose of or with the effect of changing or
          influencing the control of the issuer of the
          securities and were not acquired and are not held
          in connection with or as a participant in any
          transaction having that 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.

Dated:    October 5, 2000

                    BANK OF AMERICA CORPORATION


                    By:            /s/ David R. Smith
                                    (Signature)


                         David R. Smith / Senior Vice
               President
                                     (Name/Title)

                    NB HOLDINGS CORPORATION


                    By:            /s/ David R. Smith
                                    (Signature)


                         David R. Smith / Senior Vice
               President
                                    (Name/Title)

                    BANK OF AMERICA, N.A.


                    By:            /s/ David R. Smith
                                    (Signature)


                         David R. Smith / Senior Vice
               President
                                     (Name/Title)

                    BANC OF AMERICA E-COMMERCE HOLDINGS,
                    INC.


                    By:            /s/ David R. Smith
                                    (Signature)


                         David R. Smith / Senior Vice
               President
                                      (Name/Title)
                          EXHIBIT A

        AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G

     In accordance with Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934, as amended, the undersigned
hereby agree to the joint filing, on behalf of each of them,
of a Statement on Schedule 13G (including amendments
thereto) with respect to the Common Stock of CheckFree
Corporation.  Each of them is responsible for the timely
filing of such Schedule 13G and any amendments thereto, and
for the completeness and accuracy of the information
concerning such person contained therein; but none of them
is responsible for the completeness or accuracy of the
information concerning the other persons making the filing,
unless such person knows or has reason to believe that such
information in inaccurate.

Date:     October 5, 2000

                    BANK OF AMERICA CORPORATION


                    By:            /s/ David R. Smith
                    Name/Title: David R. Smith / Senior Vice
President


                    NB HOLDINGS CORPORATION


                    By:            /s/ David R. Smith
                    Name/Title: David R. Smith / Senior Vice
               President


                    BANK OF AMERICA, N.A.


                    By:       /s/ David R. Smith
                    Name/Title: David R. Smith / Senior Vice
               President


                    BANC OF AMERICA E-COMMERCE HOLDINGS,
                    INC.


                    By:       /s/ David R. Smith
                    Name/Title: David R. Smith / Senior Vice
               President



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission