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Previous: MORGAN STANLEY GROUP INC /DE/, 424B3, 1996-05-23 |
Next: NATIONS FUND INC, DEF 14A, 1996-05-23 |
<PAGE> PAGE 1
000 B000000 03/31/96
000 C000000 790569
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 A
001 A000000 NATIONS FUND, INC.
001 B000000 811-4614
001 C000000 6172483402
002 A000000 1 NATIONSBANK PLAZA
002 B000000 CHARLOTTE
002 C000000 NC
002 D010000 28255
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 NATIONS TREASURY FUND
007 C030100 N
007 C010200 2
007 C020200 NATIONS PRIME FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
010 A00AA01 STEPHENS INC.
010 B00AA01 84-9999
010 C01AA01 LITTLE ROCK
010 C02AA01 AR
010 C03AA01 72201
010 A00AA02 FIRST DATA INVESTOR SERVICES GROUP INC.
010 B00AA02 84-1761
010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02109
011 A00AA01 STEPHENS INC.
011 B00AA01 8-4-9999
011 C01AA01 LITTLE ROCK
011 C02AA01 AR
011 C03AA01 72201
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-1761
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
<PAGE> PAGE 2
012 A00AA02 DELETE
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 NATIONS BANK SECURITIES INC.
014 B00AA01 8-33805
014 A00AA02 NATIONS BANK CAPITAL MARKETS, INC.
014 B00AA02 8-42263
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 43
019 C00AA00 NATIONSFUN
020 A000001 WARBURG (S.G.), CO.
020 B000001 13-3340045
020 C000001 174
020 A000002 INTERSTATE/JOHNSON LANE
020 C000002 126
020 A000003 JAMES CAPEL
020 C000003 110
020 A000004 MORGAN (J.P.) SECURITIES INC.
020 B000004 13-3224016
020 C000004 100
020 A000005 GOLDMAN SACHS & CO.
020 B000005 13-5108880
020 C000005 84
020 A000006 SMITH BARNEY
020 B000006 13-1912900
020 C000006 79
020 A000007 NATWEST SECURITIES
020 C000007 74
020 A000008 KLEINWORT BENSON INC.
020 B000008 13-2647786
020 C000008 71
020 A000009 MERRILL LYNCH PIERCE FENNER & SMITH INC.
020 B000009 13-5674085
020 C000009 66
020 A000010 SALOMON BROTHERS
020 B000010 13-5365580
020 C000010 64
021 000000 1830
022 A000001 BANKERS TRUST CO.
022 B000001 13-4941247
022 C000001 138752415
022 D000001 0
022 A000002 UBS SECURITIES INC.
022 B000002 13-2932996
022 C000002 36499000
022 D000002 0
022 A000003 DEUTSCHE BANK CAPITAL CORP.
022 B000003 13-6124068
<PAGE> PAGE 3
022 C000003 30473435
022 D000003 0
022 A000004 HSBC SECURITIES INC.
022 C000004 30244866
022 D000004 21475
022 A000005 MORGAN (J.P.) SECURITIES INC.
022 B000005 13-3224016
022 C000005 24240825
022 D000005 0
022 A000006 MORGAN STANLEY & CO. INC.
022 B000006 13-2655998
022 C000006 21305088
022 D000006 22262
022 A000007 SMITH BARNEY
022 B000007 13-1912900
022 C000007 17595155
022 D000007 25255
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008 17040816
022 D000008 253355
022 A000009 FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009 14880539
022 D000009 50000
022 A000010 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000010 13-5674085
022 C000010 14611975
022 D000010 111689
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023 D000000 6507714
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025 D00AA02 0
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<PAGE> PAGE 4
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
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077 A000000 Y
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080 A00AA00 THE RELIANCE INSURANCE COMPANY
080 B00AA00 THE GULF INSURANCE COMPANY
080 C00AA00 29000
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<PAGE> PAGE 5
086 F020000 0
008 A000101 NATIONSBANC ADVISORS INC.
008 B000101 A
008 C000101 801-99999
008 D010101 CHARLOTTE
008 D020101 NC
008 D030101 28255
008 A000102 TRADESTREET INVESTMENT ASSOCIATES, INC.
008 B000102 S
008 C000102 801-99999
008 D010102 CHARLOTTE
008 D020102 NC
008 D030102 28255
015 A000101 NATIONSBANK OF TEXAS, N.A.
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<PAGE> PAGE 6
030 C000100 0.00
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<PAGE> PAGE 7
062 A000100 Y
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063 B000100 0.0
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066 A000100 N
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070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
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<PAGE> PAGE 8
070 M020100 N
070 N010100 Y
070 N020100 Y
070 O010100 Y
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070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
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<PAGE> PAGE 9
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008 A000201 NATIONSBANC ADVISORS, INC.
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008 D010201 CHARLOTTE
008 D020201 NC
008 D030201 28255
008 A000202 TRADESTREET INVESTMENT ASSOCIATES, INC.
008 B000202 S
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008 D010202 CHARLOTTE
008 D020202 NC
008 D030202 28255
015 A000201 NATIONSBANK OF TEXAS, N.A.
015 B000201 C
015 C010201 DALLAS
015 C020201 TX
015 C030201 99999
<PAGE> PAGE 10
015 E030201 X
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<PAGE> PAGE 11
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<PAGE> PAGE 12
063 A000200 82
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<PAGE> PAGE 13
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SIGNATURE JOSEPH VISELLI
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 011
<NUMBER> 1
<NAME> NATIONS FUND TREASURY PR-A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 012
<NUMBER> 1
<NAME> NATIONS FUND TREASURY PR-B
<S> <C>
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<INTEREST-INCOME> 140,016,486
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<EXPENSES-NET> 9,203,553
<NET-INVESTMENT-INCOME> 134,105,989
<REALIZED-GAINS-CURRENT> (46,919)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 134,059,070
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<DISTRIBUTIONS-OF-INCOME> (2,534,994)
<DISTRIBUTIONS-OF-GAINS> (176)
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<NUMBER-OF-SHARES-REDEEMED> (259,589,115)
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<NET-CHANGE-IN-ASSETS> (628,161,250)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 013
<NUMBER> 1
<NAME> NATIONS FUND TREASURY INV-A
<S> <C>
<PERIOD-TYPE> 10-MOS
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<SHARES-COMMON-PRIOR> 107,473,764
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<NUMBER-OF-SHARES-SOLD> 355,900,666
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<EXPENSE-RATIO> 0.65
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 014
<NUMBER> 1
<NAME> NATIONS FUND TREASURY INV-B
<S> <C>
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<PERIOD-END> MAR-31-1996
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<ACCUMULATED-NET-GAINS> (56,954)
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<DIVIDEND-INCOME> 3,293,056
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<EXPENSES-NET> 9,203,553
<NET-INVESTMENT-INCOME> 134,105,989
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<NET-CHANGE-FROM-OPS> 134,059,070
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<NUMBER-OF-SHARES-SOLD> 7,051,467,524
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.55
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 015
<NUMBER> 1
<NAME> NATIONS FUND TREASURY INV-C
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 3,027,605,848
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 542,762,327
<TOTAL-LIABILITIES> 542,762,327
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<ACCUMULATED-NET-GAINS> (56,954)
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<NET-ASSETS> 8,783,210
<DIVIDEND-INCOME> 3,293,056
<INTEREST-INCOME> 140,016,486
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<EXPENSES-NET> 9,203,553
<NET-INVESTMENT-INCOME> 134,105,989
<REALIZED-GAINS-CURRENT> (46,919)
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<NET-CHANGE-FROM-OPS> 134,059,070
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<DISTRIBUTIONS-OF-INCOME> (350,433)
<DISTRIBUTIONS-OF-GAINS> (24)
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<NUMBER-OF-SHARES-SOLD> 18,619,338
<NUMBER-OF-SHARES-REDEEMED> (16,555,187)
<SHARES-REINVESTED> 345,992
<NET-CHANGE-IN-ASSETS> (628,161,250)
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<ACCUMULATED-GAINS-PRIOR> (1,041)
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<GROSS-EXPENSE> 10,883,369
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.55
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 016
<NUMBER> 1
<NAME> NATIONS FUND TREASURY INV-D
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 3,027,605,848
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<TOTAL-ASSETS> 3,034,698,177
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 542,762,327
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<ACCUMULATED-NET-GAINS> (56,954)
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<DIVIDEND-INCOME> 3,293,056
<INTEREST-INCOME> 140,016,486
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<EXPENSES-NET> 9,203,553
<NET-INVESTMENT-INCOME> 134,105,989
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 0
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<SHARES-REINVESTED> 82
<NET-CHANGE-IN-ASSETS> (628,161,250)
<ACCUMULATED-NII-PRIOR> 1,109
<ACCUMULATED-GAINS-PRIOR> (1,041)
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<GROSS-EXPENSE> 10,883,369
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<PER-SHARE-NAV-END> 1.00
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 021
<NUMBER> 2
<NAME> NATIONS FUND PRIME PR-A
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 4,065,719,905
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<NET-ASSETS> 2,472,468,796
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<INTEREST-INCOME> 201,289,459
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<EXPENSES-NET> 14,092,933
<NET-INVESTMENT-INCOME> 190,945,353
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<NUMBER-OF-SHARES-SOLD> 2,343,459,930
<NUMBER-OF-SHARES-REDEEMED> (2,744,598,959)
<SHARES-REINVESTED> 486,972
<NET-CHANGE-IN-ASSETS> 133,772,753
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (427,552)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,991,713
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<GROSS-EXPENSE> 16,356,453
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<PER-SHARE-NII> 0.05
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<PER-SHARE-DIVIDEND> (0.05)
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 022
<NUMBER> 2
<NAME> NATIONS FUND PRIME PR-B
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 4,065,719,905
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,026,319
<TOTAL-LIABILITIES> 24,026,319
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<PAID-IN-CAPITAL-COMMON> 96,315,951
<SHARES-COMMON-STOCK> 96,315,951
<SHARES-COMMON-PRIOR> 126,133,392
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (469,985)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 96,305,208
<DIVIDEND-INCOME> 3,748,827
<INTEREST-INCOME> 201,289,459
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<EXPENSES-NET> 14,092,933
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 363,309,249
<NUMBER-OF-SHARES-REDEEMED> (393,126,690)
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<NET-CHANGE-IN-ASSETS> 133,772,753
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (427,552)
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<GROSS-EXPENSE> 16,356,453
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<PER-SHARE-NAV-BEGIN> 1.00
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<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.04)
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 023
<NUMBER> 2
<NAME> NATIONS FUND PRIME INV-A
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 4,065,719,905
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<RECEIVABLES> 59,825,995
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,026,319
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,099,723,449
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<SHARES-COMMON-PRIOR> 698,430,663
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (469,985)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 1,099,490,217
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<EXPENSES-NET> 14,092,933
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<REALIZED-GAINS-CURRENT> (42,433)
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<DISTRIBUTIONS-OF-INCOME> (39,740,146)
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<NUMBER-OF-SHARES-SOLD> 3,357,983,129
<NUMBER-OF-SHARES-REDEEMED> (2,994,652,348)
<SHARES-REINVESTED> 37,851,418
<NET-CHANGE-IN-ASSETS> 133,772,753
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (427,552)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 16,356,453
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<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.04)
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 024
<NUMBER> 2
<NAME> NATIONS FUND PRIME INV-B
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 4,065,719,905
<INVESTMENTS-AT-VALUE> 4,065,719,905
<RECEIVABLES> 59,825,995
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<OTHER-ITEMS-ASSETS> 253,780
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<OTHER-ITEMS-LIABILITIES> 24,026,319
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<PAID-IN-CAPITAL-COMMON> 358,686,426
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<SHARES-COMMON-PRIOR> 216,996,093
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (469,985)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 358,646,420
<DIVIDEND-INCOME> 3,748,827
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<EXPENSES-NET> 14,092,933
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<NUMBER-OF-SHARES-SOLD> 1,738,995,404
<NUMBER-OF-SHARES-REDEEMED> (1,606,979,062)
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<GROSS-EXPENSE> 16,356,453
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<PER-SHARE-DIVIDEND> (0.04)
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 025
<NUMBER> 2
<NAME> NATIONS FUND PRIME INV-C
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 4,065,719,905
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<OTHER-ITEMS-ASSETS> 253,780
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<OTHER-ITEMS-LIABILITIES> 24,026,319
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<PAID-IN-CAPITAL-COMMON> 74,830,596
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<SHARES-COMMON-PRIOR> 53,456,886
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (469,985)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 74,822,250
<DIVIDEND-INCOME> 3,748,827
<INTEREST-INCOME> 201,289,459
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<EXPENSES-NET> 14,092,933
<NET-INVESTMENT-INCOME> 190,945,353
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<NET-CHANGE-FROM-OPS> 190,902,920
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<NUMBER-OF-SHARES-SOLD> 190,895,727
<NUMBER-OF-SHARES-REDEEMED> (172,135,257)
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<NET-CHANGE-IN-ASSETS> 133,772,753
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<ACCUMULATED-GAINS-PRIOR> (427,552)
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<GROSS-EXPENSE> 16,356,453
<AVERAGE-NET-ASSETS> 67,621,753
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 026
<NUMBER> 2
<NAME> NATIONS FUND PRIME INV-D
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 4,065,719,905
<INVESTMENTS-AT-VALUE> 4,065,719,905
<RECEIVABLES> 59,825,995
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 253,780
<TOTAL-ASSETS> 4,125,799,680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,026,319
<TOTAL-LIABILITIES> 24,026,319
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,474
<SHARES-COMMON-STOCK> 40,474
<SHARES-COMMON-PRIOR> 2,032
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (469,985)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 40,470
<DIVIDEND-INCOME> 3,748,827
<INTEREST-INCOME> 201,289,459
<OTHER-INCOME> 0
<EXPENSES-NET> 14,092,933
<NET-INVESTMENT-INCOME> 190,945,353
<REALIZED-GAINS-CURRENT> (42,433)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 190,902,920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,037)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 92,585
<NUMBER-OF-SHARES-REDEEMED> (56,212)
<SHARES-REINVESTED> 2,069
<NET-CHANGE-IN-ASSETS> 133,772,753
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (427,552)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,991,713
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16,356,453
<AVERAGE-NET-ASSETS> 46,002
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>071
<NUMBER>7
<NAME>Nations Fund Equity Income Pr-A
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 383,175,109
<INVESTMENTS-AT-VALUE> 430,251,450
<RECEIVABLES> 6,261,904
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,581
<TOTAL-ASSETS> 436,514,935
<PAYABLE-FOR-SECURITIES> 1,047,138
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,082,273
<TOTAL-LIABILITIES> 2,129,411
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 233,079,046
<SHARES-COMMON-STOCK> 21,548,744
<SHARES-COMMON-PRIOR> 23,977,304
<ACCUMULATED-NII-CURRENT> 163,990
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,422,211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,076,422
<NET-ASSETS> 283,141,704
<DIVIDEND-INCOME> 8,724,166
<INTEREST-INCOME> 4,244,852
<OTHER-INCOME> 0
<EXPENSES-NET> 3,821,518
<NET-INVESTMENT-INCOME> 9,147,500
<REALIZED-GAINS-CURRENT> 30,003,301
<APPREC-INCREASE-CURRENT> 29,185,348
<NET-CHANGE-FROM-OPS> 68,336,149
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,311,787)
<DISTRIBUTIONS-OF-GAINS> (7,936,013)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,718,032
<NUMBER-OF-SHARES-REDEEMED> (6,643,314)
<SHARES-REINVESTED> 496,722
<NET-CHANGE-IN-ASSETS> 36,117,391
<ACCUMULATED-NII-PRIOR> 2,542,525
<ACCUMULATED-GAINS-PRIOR> 2,529,328
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,329,896
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,821,518
<AVERAGE-NET-ASSETS> 279,232,900
<PER-SHARE-NAV-BEGIN> 11.81
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> 1.77
<PER-SHARE-DIVIDEND> (0.37)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.14
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>072
<NUMBER>7
<NAME>Nations Fund Equity Income Inv-A
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 383,175,109
<INVESTMENTS-AT-VALUE> 430,251,450
<RECEIVABLES> 6,261,904
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,581
<TOTAL-ASSETS> 436,514,935
<PAYABLE-FOR-SECURITIES> 1,047,138
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,082,273
<TOTAL-LIABILITIES> 2,129,411
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,290,113
<SHARES-COMMON-STOCK> 3,249,950
<SHARES-COMMON-PRIOR> 3,017,091
<ACCUMULATED-NII-CURRENT> 163,990
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,422,211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,076,422
<NET-ASSETS> 42,605,872
<DIVIDEND-INCOME> 8,724,166
<INTEREST-INCOME> 4,244,852
<OTHER-INCOME> 0
<EXPENSES-NET> 3,821,518
<NET-INVESTMENT-INCOME> 9,147,500
<REALIZED-GAINS-CURRENT> 30,003,301
<APPREC-INCREASE-CURRENT> 29,185,348
<NET-CHANGE-FROM-OPS> 68,336,149
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,066,734)
<DISTRIBUTIONS-OF-GAINS> (1,171,580)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 563,095
<NUMBER-OF-SHARES-REDEEMED> (503,098)
<SHARES-REINVESTED> 172,862
<NET-CHANGE-IN-ASSETS> 36,117,391
<ACCUMULATED-NII-PRIOR> 2,542,525
<ACCUMULATED-GAINS-PRIOR> 2,529,328
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,329,896
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,821,518
<AVERAGE-NET-ASSETS> 39,610,051
<PER-SHARE-NAV-BEGIN> 11.78
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 1.77
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.11
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>073
<NUMBER>7
<NAME>Nations Fund Equity Income Inv-C
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 383,175,109
<INVESTMENTS-AT-VALUE> 430,251,450
<RECEIVABLES> 6,261,904
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,581
<TOTAL-ASSETS> 436,514,935
<PAYABLE-FOR-SECURITIES> 1,047,138
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,082,273
<TOTAL-LIABILITIES> 2,129,411
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,015,395
<SHARES-COMMON-STOCK> 349,635
<SHARES-COMMON-PRIOR> 361,464
<ACCUMULATED-NII-CURRENT> 163,990
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,422,211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,076,422
<NET-ASSETS> 4,611,719
<DIVIDEND-INCOME> 8,724,166
<INTEREST-INCOME> 4,244,852
<OTHER-INCOME> 0
<EXPENSES-NET> 3,821,518
<NET-INVESTMENT-INCOME> 9,147,500
<REALIZED-GAINS-CURRENT> 30,003,301
<APPREC-INCREASE-CURRENT> 29,185,348
<NET-CHANGE-FROM-OPS> 68,336,149
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (92,984)
<DISTRIBUTIONS-OF-GAINS> (131,358)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 51,611
<NUMBER-OF-SHARES-REDEEMED> (79,843)
<SHARES-REINVESTED> 16,403
<NET-CHANGE-IN-ASSETS> 36,117,391
<ACCUMULATED-NII-PRIOR> 2,542,525
<ACCUMULATED-GAINS-PRIOR> 2,529,328
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,329,896
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,821,518
<AVERAGE-NET-ASSETS> 4,450,020
<PER-SHARE-NAV-BEGIN> 11.83
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 1.78
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.19
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>074
<NUMBER>7
<NAME>Nations Fund Equity Income Inv-N
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 383,175,109
<INVESTMENTS-AT-VALUE> 430,251,450
<RECEIVABLES> 6,261,904
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,581
<TOTAL-ASSETS> 436,514,935
<PAYABLE-FOR-SECURITIES> 1,047,138
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,082,273
<TOTAL-LIABILITIES> 2,129,411
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,338,347
<SHARES-COMMON-STOCK> 7,939,860
<SHARES-COMMON-PRIOR> 6,405,823
<ACCUMULATED-NII-CURRENT> 163,990
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,422,211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,076,422
<NET-ASSETS> 104,026,229
<DIVIDEND-INCOME> 8,724,166
<INTEREST-INCOME> 4,244,852
<OTHER-INCOME> 0
<EXPENSES-NET> 3,821,518
<NET-INVESTMENT-INCOME> 9,147,500
<REALIZED-GAINS-CURRENT> 30,003,301
<APPREC-INCREASE-CURRENT> 29,185,348
<NET-CHANGE-FROM-OPS> 68,336,149
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,055,224)
<DISTRIBUTIONS-OF-GAINS> (2,870,773)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,897,032
<NUMBER-OF-SHARES-REDEEMED> (740,696)
<SHARES-REINVESTED> 377,701
<NET-CHANGE-IN-ASSETS> 36,117,391
<ACCUMULATED-NII-PRIOR> 2,542,525
<ACCUMULATED-GAINS-PRIOR> 2,529,328
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,329,896
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,821,518
<AVERAGE-NET-ASSETS> 92,560,492
<PER-SHARE-NAV-BEGIN> 11.77
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 1.76
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.10
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>091
<NUMBER>9
<NAME>Nations Fund Govt Securities Pr-A
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 121,472,703
<INVESTMENTS-AT-VALUE> 119,966,995
<RECEIVABLES> 1,857,588
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,632
<TOTAL-ASSETS> 121,826,215
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 686,485
<TOTAL-LIABILITIES> 686,485
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,134,963
<SHARES-COMMON-STOCK> 5,786,936
<SHARES-COMMON-PRIOR> 4,048,547
<ACCUMULATED-NII-CURRENT> (604,959)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,882,533)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,505,708)
<NET-ASSETS> 55,961,765
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,911,382
<OTHER-INCOME> 28,256
<EXPENSES-NET> 1,115,179
<NET-INVESTMENT-INCOME> 5,824,459
<REALIZED-GAINS-CURRENT> 110,292
<APPREC-INCREASE-CURRENT> (2,382,181)
<NET-CHANGE-FROM-OPS> 3,552,570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,480,909)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,342,150
<NUMBER-OF-SHARES-REDEEMED> (1,627,897)
<SHARES-REINVESTED> 24,136
<NET-CHANGE-IN-ASSETS> 11,202,574
<ACCUMULATED-NII-PRIOR> (364,809)
<ACCUMULATED-GAINS-PRIOR> (7,089,149)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 616,476
<INTEREST-EXPENSE> 82
<GROSS-EXPENSE> 1,263,076
<AVERAGE-NET-ASSETS> 46,866,043
<PER-SHARE-NAV-BEGIN> 9.86
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> (0.19)
<PER-SHARE-DIVIDEND> (0.52)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.67
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 2,157,233
<AVG-DEBT-PER-SHARE> 0.18
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>092
<NUMBER>9
<NAME>Nations Fund Govt Securities Inv-A
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 121,472,703
<INVESTMENTS-AT-VALUE> 119,966,995
<RECEIVABLES> 1,857,588
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,632
<TOTAL-ASSETS> 121,826,215
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 686,485
<TOTAL-LIABILITIES> 686,485
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,793,050
<SHARES-COMMON-STOCK> 1,205,962
<SHARES-COMMON-PRIOR> 1,108,576
<ACCUMULATED-NII-CURRENT> (604,959)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,882,533)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,505,708)
<NET-ASSETS> 11,662,107
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,911,382
<OTHER-INCOME> 28,256
<EXPENSES-NET> 1,115,179
<NET-INVESTMENT-INCOME> 5,824,459
<REALIZED-GAINS-CURRENT> 110,292
<APPREC-INCREASE-CURRENT> (2,382,181)
<NET-CHANGE-FROM-OPS> 3,552,570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (558,880)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 701,960
<NUMBER-OF-SHARES-REDEEMED> (633,283)
<SHARES-REINVESTED> 28,709
<NET-CHANGE-IN-ASSETS> 11,202,574
<ACCUMULATED-NII-PRIOR> (364,809)
<ACCUMULATED-GAINS-PRIOR> (7,089,149)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 616,476
<INTEREST-EXPENSE> 82
<GROSS-EXPENSE> 1,263,076
<AVERAGE-NET-ASSETS> 10,996,174
<PER-SHARE-NAV-BEGIN> 9.86
<PER-SHARE-NII> 0.50
<PER-SHARE-GAIN-APPREC> (0.19)
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.67
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 2,157,233
<AVG-DEBT-PER-SHARE> 0.18
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>093
<NUMBER>9
<NAME>Nations Fund Govt Securities Inv-C
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 121,472,703
<INVESTMENTS-AT-VALUE> 119,966,995
<RECEIVABLES> 1,857,588
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,632
<TOTAL-ASSETS> 121,826,215
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 686,485
<TOTAL-LIABILITIES> 686,485
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,021,224
<SHARES-COMMON-STOCK> 264,514
<SHARES-COMMON-PRIOR> 298,805
<ACCUMULATED-NII-CURRENT> (604,959)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,882,533)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,505,708)
<NET-ASSETS> 2,558,028
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,911,382
<OTHER-INCOME> 28,256
<EXPENSES-NET> 1,115,179
<NET-INVESTMENT-INCOME> 5,824,459
<REALIZED-GAINS-CURRENT> 110,292
<APPREC-INCREASE-CURRENT> (2,382,181)
<NET-CHANGE-FROM-OPS> 3,552,570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (132,710)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 36,493
<NUMBER-OF-SHARES-REDEEMED> (78,586)
<SHARES-REINVESTED> 7,802
<NET-CHANGE-IN-ASSETS> 11,202,574
<ACCUMULATED-NII-PRIOR> (364,809)
<ACCUMULATED-GAINS-PRIOR> (7,089,149)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 616,476
<INTEREST-EXPENSE> 82
<GROSS-EXPENSE> 1,263,076
<AVERAGE-NET-ASSETS> 2,793,633
<PER-SHARE-NAV-BEGIN> 9.86
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> (0.19)
<PER-SHARE-DIVIDEND> (0.47)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.67
<EXPENSE-RATIO> 1.48
<AVG-DEBT-OUTSTANDING> 2,157,233
<AVG-DEBT-PER-SHARE> 0.18
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME>Nations Fund Govt Securities Inv-N
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 111
<NUMBER> 11
<NAME> Nations Fund Int'l Equity Pr-A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 112
<NUMBER> 11
<NAME> Nations Fund Int'l Equity Inv-A
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 113
<NUMBER> 11
<NAME> Nations Fund Int'l Equity Inv-C
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES> 114
<NUMBER> 11
<NAME> Nations Fund Int'l Equity Inv-N
<S> <C>
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