<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>364
<NAME>NATIONS VIRGINIA MUNICIPAL BOND INVESTOR B
<S> <C>
<MULTIPLIER>1000
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Mar-31-2001
<PERIOD-END> Sep-30-2000
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<OTHER-ITEMS-LIABILITIES> (178)
<TOTAL-LIABILITIES> (178)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,255
<SHARES-COMMON-STOCK> 1,082
<SHARES-COMMON-PRIOR> 1,122
<ACCUMULATED-NII-CURRENT> 68
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (942)
<ACCUM-APPREC-OR-DEPREC> 626
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<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 136
<NET-INVESTMENT-INCOME> 667
<REALIZED-GAINS-CURRENT> (231)
<APPREC-INCREASE-CURRENT> 445
<NET-CHANGE-FROM-OPS> 881
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (219)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 256
<NUMBER-OF-SHARES-REDEEMED> (786)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,428
<ACCUMULATED-NII-PRIOR> 69
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (711)
<GROSS-ADVISORY-FEES> 69
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 213
<AVERAGE-NET-ASSETS> 10,472
<PER-SHARE-NAV-BEGIN> 9.45
<PER-SHARE-NII> 0.20
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<EXPENSE-RATIO> 1.60
</TABLE>
