<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>063
<NAME>NATIONS VALUE INVESTOR A
<S> <C>
<MULTIPLIER>1000
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Mar-31-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 1,223,372
<INVESTMENTS-AT-VALUE> 1,572,151
<RECEIVABLES> 10,907
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,583,058
<PAYABLE-FOR-SECURITIES> (1,067)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (63,121)
<TOTAL-LIABILITIES> (64,188)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 983,462
<SHARES-COMMON-STOCK> 5,803
<SHARES-COMMON-PRIOR> 7,525
<ACCUMULATED-NII-CURRENT> 234
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 186,395
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 348,779
<NET-ASSETS> 1,518,870
<DIVIDEND-INCOME> 29,208
<INTEREST-INCOME> 1,816
<OTHER-INCOME> 100
<EXPENSES-NET> 20,250
<NET-INVESTMENT-INCOME> 10,874
<REALIZED-GAINS-CURRENT> 358,083
<APPREC-INCREASE-CURRENT> (366,372)
<NET-CHANGE-FROM-OPS> 2,585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (456)
<DISTRIBUTIONS-OF-GAINS> (13,331)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,144
<NUMBER-OF-SHARES-REDEEMED> (5,568)
<SHARES-REINVESTED> 702
<NET-CHANGE-IN-ASSETS> (723,656)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 93,173
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13,134
<INTEREST-EXPENSE> 16
<GROSS-EXPENSE> 20,299
<AVERAGE-NET-ASSETS> 124,533
<PER-SHARE-NAV-BEGIN> 18.16
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (1.86)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.24
<EXPENSE-RATIO> 1.18
</TABLE>
