NATIONS FUND TRUST, 497, 1998-05-15

NATIONS FUND TRUST
497, 1998-05-15

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                               NATIONS FUND TRUST

                       NATIONS STRATEGIC FIXED INCOME FUND

                          Supplement dated May 15, 1998
                      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  Strategic
Fixed Income Fund are hereby  supplemented  by deleting the paragraph  regarding
Gregory H. Cobb under the heading "How The Funds Are  Managed" and  inserting in
its place the following:

               The Fixed Income Management Team of TradeStreet is responsible
         for the day-to-day management of Nations Strategic Fixed Income Fund.