<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>431
<NAME>NATIONS MANAGED VALUE INDEX PRIMARY A
<S> <C>
<MULTIPLIER>1000
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Mar-31-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 2,898
<INVESTMENTS-AT-VALUE> 3,441
<RECEIVABLES> 59
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,500
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (59)
<TOTAL-LIABILITIES> (59)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 265
<SHARES-COMMON-STOCK> 168
<SHARES-COMMON-PRIOR> 376
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 218
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 546
<NET-ASSETS> 3,441
<DIVIDEND-INCOME> 111
<INTEREST-INCOME> 3
<OTHER-INCOME> 0
<EXPENSES-NET> 38
<NET-INVESTMENT-INCOME> 76
<REALIZED-GAINS-CURRENT> 527
<APPREC-INCREASE-CURRENT> (220)
<NET-CHANGE-FROM-OPS> 383
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (50)
<DISTRIBUTIONS-OF-GAINS> (268)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70
<NUMBER-OF-SHARES-REDEEMED> 295
<SHARES-REINVESTED> 18
<NET-CHANGE-IN-ASSETS> 2,955
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 334
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 26
<INTEREST-EXPENSE> 1
<GROSS-EXPENSE> 300
<AVERAGE-NET-ASSETS> 3,940
<PER-SHARE-NAV-BEGIN> 11.42
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 0.77
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> (0.72)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.46
<EXPENSE-RATIO> 0.50
</TABLE>
