NATIONS FUND TRUST
497, 1997-06-10
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                               NATIONS FUND TRUST

        Supplement dated June 10, 1997 to Prospectus dated October 15, 1996

The  prospectus  for the  Primary A Shares of  Nations  Managed  Index  Fund and
Nations Managed SmallCap Index Fund is hereby supplemented as follows:

         1.  By substituting the following for the last sentence in the section 
entitled "About the Funds - Prospectus Summary":

         Minimum Purchase:  $250,000 minimum initial investment per record 
         holder.  See "How to Buy Shares".

         2.  By  substituting  the  following  for  the  first  and  second
paragraphs in the section entitled "About Your Investment - How to Buy Shares":

         There is a minimum  initial  investment  of  $250,000  for each  record
         holder; there is no minimum subsequent investment.

         Primary A Shares of the  Funds  may be sold to  financial  institutions
         (including  NationsBank and its affiliated and correspondent banks) and
         fee-based  planners  acting  on  behalf  of their  customers,  employee
         benefit plans, charitable foundations, endowments and to other funds in
         the Nations Funds Family.





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