NATIONS FUND TRUST
497, 1997-10-03
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                               NATIONS FUND TRUST

                         NATIONS SHORT-TERM INCOME FUND

                        Supplement dated October 3, 1997
                      to Prospectuses dated August 1, 1997

         The combined  prospectuses  for the Primary A,  Primary B,  Investor A,
Investor B (formerly  Investor N) and  Investor C Shares for Nations  Short-Term
Income Fund are hereby  supplemented  by deleting the paragraph  regarding  Brad
Pope under the heading "How The Funds Are  Managed"  and  inserting in its place
the following:

            J. Patrick Frith is a Portfolio Manager, Fixed Income Management for
     TradeStreet and Portfolio  Manager of Nations  Short-Term  Income Fund. Mr.
     Frith has been the  Portfolio  Manager of Nations  Short-Term  Income  Fund
     since October 1997.  Previously he was Vice President and Senior  Portfolio
     Manager  of the  Investment  Management  Group at  NationsBank.  Mr.  Frith
     received a B.S.  from the  University of Virginia  with a  double-major  in
     Marketing and Management  Information  Systems.  He also received an M.B.A.
     from the Colgate Darden Graduate School of Business  Administration  at the
     University  of Virginia.  Mr. Frith holds the Chartered  Financial  Analyst
     designation and is a member of the  Association  for Investment  Management
     and Research as well as the North Carolina  Society of Financial  Analysts,
     Inc.




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