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<PAGE> PAGE 13
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<PAGE> PAGE 16
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028 F040900 3595
028 G010900 7076
028 G020900 1032
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028 G040900 15692
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029 000900 N
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030 B000900 0.00
030 C000900 0.00
031 A000900 0
031 B000900 0
032 000900 0
033 000900 0
034 000900 Y
035 000900 203
036 A000900 N
036 B000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
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042 B000900 0
042 C000900 0
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<PAGE> PAGE 21
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
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045 000900 Y
046 000900 Y
047 000900 Y
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048 A020900 0.650
048 B010900 150000
048 B020900 0.550
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048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 250000
048 K020900 0.500
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 N
053 C000900 N
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.1
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
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062 L000900 0.0
<PAGE> PAGE 22
062 M000900 32.9
062 N000900 7.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 57.7
062 R000900 0.0
063 A000900 0
063 B000900 9.6
064 A000900 Y
064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
<PAGE> PAGE 23
071 A000900 523663
071 B000900 538709
071 C000900 111821
071 D000900 468
072 A000900 12
072 B000900 8039
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072DD020900 3218
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073 A020900 0.5600
073 B000900 0.0000
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074 D000900 101327
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
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<PAGE> PAGE 24
074 K000900 0
074 L000900 858
074 M000900 25
074 N000900 127318
074 O000900 21939
074 P000900 76
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074 R040900 1448
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074 U010900 5604
074 U020900 5460
074 V010900 9.39
074 V020900 9.39
074 W000900 0.0000
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074 Y000900 0
075 A000900 113616
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076 000900 0.00
008 A001101 NATIONSBANC ADVISORS INC.
008 B001101 A
008 C001101 801-9999
008 D011101 CHARLOTTE
008 D021101 NC
008 D031101 28255
008 A001102 GARTMORE GLOBAL PARTNERS
008 B001102 S
008 C001102 801-9999
008 D011102 CHARLOTTE
008 D021102 NC
008 D031102 28255
015 A001101 BANK OF NEW YORK
015 B001101 C
015 C011101 NEW YORK
015 C021101 NY
015 C031101 10015
015 E011101 X
028 A011100 29714
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028 A031100 0
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028 B021100 12590
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<PAGE> PAGE 25
028 C031100 0
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038 001100 0
039 001100 N
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<PAGE> PAGE 26
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048 J021100 0.000
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050 001100 N
051 001100 N
052 001100 N
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053 B001100 Y
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062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
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062 J001100 0.0
062 K001100 0.0
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062 P001100 0.0
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063 B001100 0.0
066 A001100 Y
066 D001100 Y
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068 A001100 N
<PAGE> PAGE 27
068 B001100 Y
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
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070 F021100 N
070 G011100 Y
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070 H021100 N
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070 K011100 Y
070 K021100 Y
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070 L021100 Y
070 M011100 Y
070 M021100 Y
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070 P021100 N
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070 Q021100 N
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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SIGNATURE JOSEPH VISELLI
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
<NUMBER>011
<NAME>NATIONS FUNDS TREASURY PR-A
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>012
<NAME>NATIONS FUNDS TREASURY PR-B
<S> <C>
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<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>013
<NAME> NATIONS FUNDS TREASURY INV-A
<S> <C>
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<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 014
<NAME>NATIONS FUNDS TREASURY INV-B
<S> <C>
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<EXPENSE-RATIO> 0.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 015
<NAME> NATIONS FUNDS TREASURY INV-C
<S> <C>
<PERIOD-TYPE> 12-MOS
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<PERIOD-END> MAR-31-1997
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 31,620,194
<NUMBER-OF-SHARES-REDEEMED> (27,144,318)
<SHARES-REINVESTED> 608,852
<NET-CHANGE-IN-ASSETS> 631,505,898
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> (56,954)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,057,410
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 13,110,244
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<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (0.00)
<PER-SHARE-DIVIDEND> (0.05)
<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> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 016
<NAME> NATIONS FUNDS TREASURY INV-D
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 3,609,150,522
<INVESTMENTS-AT-VALUE> 3,609,150,522
<RECEIVABLES> 5,015,400
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 167,897
<TOTAL-ASSETS> 3,614,333,819
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 490,892,071
<TOTAL-LIABILITIES> 490,892,071
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,323,382
<SHARES-COMMON-STOCK> 16,323,382
<SHARES-COMMON-PRIOR> 2,113
<ACCUMULATED-NII-CURRENT> 10,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-LOSS> (38,754)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 16,323,462
<DIVIDEND-INCOME> 4,251,717
<INTEREST-INCOME> 130,669,576
<OTHER-INCOME> 0
<EXPENSES-NET> 11,832,908
<NET-INVESTMENT-INCOME> 123,088,385
<REALIZED-GAINS-CURRENT> 18,200
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 123,106,585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (31,264)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 35,051,951
<NUMBER-OF-SHARES-REDEEMED> (18,761,946)
<SHARES-REINVESTED> 31,264
<NET-CHANGE-IN-ASSETS> 631,505,898
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> (56,954)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,057,410
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 13,110,244
<AVERAGE-NET-ASSETS> 661,879
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>021
<NAME>NATIONS FUNDS PRIME PR-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,355,759,191
<INVESTMENTS-AT-VALUE> 4,355,759,191
<RECEIVABLES> 46,383,113
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 311,930
<TOTAL-ASSETS> 4,402,454,234
<PAYABLE-FOR-SECURITIES> 14,378,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,939,534
<TOTAL-LIABILITIES> 43,317,915
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,533,854,811
<SHARES-COMMON-STOCK> 2,533,953,919
<SHARES-COMMON-PRIOR> 2,472,744,594
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-LOSS> (469,796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,533,688,089
<DIVIDEND-INCOME> 2,758,523
<INTEREST-INCOME> 227,095,179
<OTHER-INCOME> 0
<EXPENSES-NET> 17,938,272
<NET-INVESTMENT-INCOME> 211,915,430
<REALIZED-GAINS-CURRENT> 2,522
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 211,917,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (127,428,642)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,618,400,084
<NUMBER-OF-SHARES-REDEEMED> (2,558,045,356)
<SHARES-REINVESTED> 852,265
<NET-CHANGE-IN-ASSETS> 257,362,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (469,985)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,428,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,937,546
<AVERAGE-NET-ASSETS> 2,448,318,672
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (0.00)
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>022
<NAME>NATIONS FUNDS PRIME PR-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,355,759,191
<INVESTMENTS-AT-VALUE> 4,355,759,191
<RECEIVABLES> 46,383,113
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 311,930
<TOTAL-ASSETS> 4,402,454,234
<PAYABLE-FOR-SECURITIES> 14,378,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,939,534
<TOTAL-LIABILITIES> 43,317,915
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 184,040,433
<SHARES-COMMON-STOCK> 184,040,321
<SHARES-COMMON-PRIOR> 96,315,951
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-LOSS> (469,796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 184,021,014
<DIVIDEND-INCOME> 2,758,523
<INTEREST-INCOME> 227,095,179
<OTHER-INCOME> 0
<EXPENSES-NET> 17,938,272
<NET-INVESTMENT-INCOME> 211,915,430
<REALIZED-GAINS-CURRENT> 2,522
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 211,917,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,968,081)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,407,226,085
<NUMBER-OF-SHARES-REDEEMED> (1,319,529,776)
<SHARES-REINVESTED> 28,061
<NET-CHANGE-IN-ASSETS> 257,362,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (469,985)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,428,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,937,546
<AVERAGE-NET-ASSETS> 201,172,551
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<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> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>023
<NAME> NATIONS FUNDS PRIME INV-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,355,759,191
<INVESTMENTS-AT-VALUE> 4,355,759,191
<RECEIVABLES> 46,383,113
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 311,930
<TOTAL-ASSETS> 4,402,454,234
<PAYABLE-FOR-SECURITIES> 14,378,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,939,534
<TOTAL-LIABILITIES> 43,317,915
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,157,956,311
<SHARES-COMMON-STOCK> 1,157,845,110
<SHARES-COMMON-PRIOR> 1,099,612,862
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-LOSS> (469,796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,157,723,645
<DIVIDEND-INCOME> 2,758,523
<INTEREST-INCOME> 227,095,179
<OTHER-INCOME> 0
<EXPENSES-NET> 17,938,272
<NET-INVESTMENT-INCOME> 211,915,430
<REALIZED-GAINS-CURRENT> 2,522
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 211,917,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (53,311,689)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,809,109,741
<NUMBER-OF-SHARES-REDEEMED> (3,802,378,541)
<SHARES-REINVESTED> 51,501,048
<NET-CHANGE-IN-ASSETS> 257,362,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (469,985)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,428,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,937,546
<AVERAGE-NET-ASSETS> 1,097,979,080
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 024
<NAME> NATIONS FUNDS PRIME INV-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,355,759,191
<INVESTMENTS-AT-VALUE> 4,355,759,191
<RECEIVABLES> 46,383,113
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 311,930
<TOTAL-ASSETS> 4,402,454,234
<PAYABLE-FOR-SECURITIES> 14,378,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,939,534
<TOTAL-LIABILITIES> 43,317,915
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 381,055,397
<SHARES-COMMON-STOCK> 381,055,205
<SHARES-COMMON-PRIOR> 358,686,426
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-LOSS> (469,796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 381,015,229
<DIVIDEND-INCOME> 2,758,523
<INTEREST-INCOME> 227,095,179
<OTHER-INCOME> 0
<EXPENSES-NET> 17,938,272
<NET-INVESTMENT-INCOME> 211,915,430
<REALIZED-GAINS-CURRENT> 2,522
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 211,917,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17,025,636)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,472,078,943
<NUMBER-OF-SHARES-REDEEMED> (1,463,171,041)
<SHARES-REINVESTED> 13,460,877
<NET-CHANGE-IN-ASSETS> 257,362,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (469,985)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,428,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,937,546
<AVERAGE-NET-ASSETS> 343,453,806
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<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> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 025
<NAME> NATIONS FUNDS PRIME INV-C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,355,759,191
<INVESTMENTS-AT-VALUE> 4,355,759,191
<RECEIVABLES> 46,383,113
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 311,930
<TOTAL-ASSETS> 4,402,454,234
<PAYABLE-FOR-SECURITIES> 14,378,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,939,534
<TOTAL-LIABILITIES> 43,317,915
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,688,330
<SHARES-COMMON-STOCK> 93,688,283
<SHARES-COMMON-PRIOR> 74,830,596
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-LOSS> (469,796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 93,678,454
<DIVIDEND-INCOME> 2,758,523
<INTEREST-INCOME> 227,095,179
<OTHER-INCOME> 0
<EXPENSES-NET> 17,938,272
<NET-INVESTMENT-INCOME> 211,915,430
<REALIZED-GAINS-CURRENT> 2,522
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 211,917,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,133,462)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 244,058,874
<NUMBER-OF-SHARES-REDEEMED> (229,209,603)
<SHARES-REINVESTED> 4,008,416
<NET-CHANGE-IN-ASSETS> 257,362,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (469,985)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,428,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,937,546
<AVERAGE-NET-ASSETS> 83,369,726
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<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> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 026
<NAME> NATIONS FUNDS PRIME INV-D
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,355,759,191
<INVESTMENTS-AT-VALUE> 4,355,759,191
<RECEIVABLES> 46,383,113
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 311,930
<TOTAL-ASSETS> 4,402,454,234
<PAYABLE-FOR-SECURITIES> 14,378,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,939,534
<TOTAL-LIABILITIES> 43,317,915
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,010,834
<SHARES-COMMON-STOCK> 9,010,833
<SHARES-COMMON-PRIOR> 40,474
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-LOSS> (469,796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 9,009,888
<DIVIDEND-INCOME> 2,758,523
<INTEREST-INCOME> 227,095,179
<OTHER-INCOME> 0
<EXPENSES-NET> 17,938,272
<NET-INVESTMENT-INCOME> 211,915,430
<REALIZED-GAINS-CURRENT> 2,522
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 211,917,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (47,920)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,949,550
<NUMBER-OF-SHARES-REDEEMED> (4,027,111)
<SHARES-REINVESTED> 47,920
<NET-CHANGE-IN-ASSETS> 257,362,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (469,985)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,428,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,937,546
<AVERAGE-NET-ASSETS> 1,009,413
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>071
<NAME>Nations Funds Equity Income Pr-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 352,177,595
<INVESTMENTS-AT-VALUE> 369,950,311
<RECEIVABLES> 15,921,278
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,336,776
<TOTAL-ASSETS> 387,208,365
<PAYABLE-FOR-SECURITIES> 7,515,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,483,588
<TOTAL-LIABILITIES> 18,998,849
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 161,120,377
<SHARES-COMMON-STOCK> 16,319,824
<SHARES-COMMON-PRIOR> 21,548,744
<ACCUMULATED-NII-CURRENT> 146,073
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,953,178
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,772,716
<NET-ASSETS> 200,772,010
<DIVIDEND-INCOME> 9,968,866
<INTEREST-INCOME> 5,581,414
<OTHER-INCOME> 0
<EXPENSES-NET> 4,488,547
<NET-INVESTMENT-INCOME> 11,061,733
<REALIZED-GAINS-CURRENT> 74,322,757
<APPREC-INCREASE-CURRENT> (29,303,706)
<NET-CHANGE-FROM-OPS> 56,080,784
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,913,427)
<DISTRIBUTIONS-OF-GAINS> (37,718,705)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,493,997
<NUMBER-OF-SHARES-REDEEMED> (12,511,675)
<SHARES-REINVESTED> 1,788,758
<NET-CHANGE-IN-ASSETS> (66,176,008)
<ACCUMULATED-NII-PRIOR> 163,990
<ACCUMULATED-GAINS-PRIOR> 20,422,211
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,632,510
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,887
<AVERAGE-NET-ASSETS> 229,806,363
<PER-SHARE-NAV-BEGIN> 13.14
<PER-SHARE-NII> 0.43
<PER-SHARE-GAIN-APPREC> 1.55
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (2.41)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.30
<EXPENSE-RATIO> 0.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>072
<NAME>Nations Funds Equity Income Pr-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 352,177,595
<INVESTMENTS-AT-VALUE> 369,950,311
<RECEIVABLES> 15,921,278
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,336,776
<TOTAL-ASSETS> 387,208,365
<PAYABLE-FOR-SECURITIES> 7,515,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,483,588
<TOTAL-LIABILITIES> 18,998,849
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,594,237
<SHARES-COMMON-STOCK> 527,388
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 146,073
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,953,178
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,772,716
<NET-ASSETS> 6,484,285
<DIVIDEND-INCOME> 9,968,866
<INTEREST-INCOME> 5,581,414
<OTHER-INCOME> 0
<EXPENSES-NET> 4,488,547
<NET-INVESTMENT-INCOME> 11,061,733
<REALIZED-GAINS-CURRENT> 74,322,757
<APPREC-INCREASE-CURRENT> (29,303,706)
<NET-CHANGE-FROM-OPS> 56,080,784
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (64,743)
<DISTRIBUTIONS-OF-GAINS> (364,882)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 581,119
<NUMBER-OF-SHARES-REDEEMED> (64,160)
<SHARES-REINVESTED> 10,429
<NET-CHANGE-IN-ASSETS> (66,176,008)
<ACCUMULATED-NII-PRIOR> 163,990
<ACCUMULATED-GAINS-PRIOR> 20,422,211
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,632,510
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,887
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<PER-SHARE-NAV-BEGIN> 13.50
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<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> (2.41)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.30
<EXPENSE-RATIO> 1.41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>073
<NAME>Nations Funds Equity Income Inv-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 352,177,595
<INVESTMENTS-AT-VALUE> 369,950,311
<RECEIVABLES> 15,921,278
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,336,776
<TOTAL-ASSETS> 387,208,365
<PAYABLE-FOR-SECURITIES> 7,515,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,483,588
<TOTAL-LIABILITIES> 18,998,849
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,236,610
<SHARES-COMMON-STOCK> 3,906,169
<SHARES-COMMON-PRIOR> 3,249,950
<ACCUMULATED-NII-CURRENT> 146,073
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,953,178
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,772,716
<NET-ASSETS> 47,890,884
<DIVIDEND-INCOME> 9,968,866
<INTEREST-INCOME> 5,581,414
<OTHER-INCOME> 0
<EXPENSES-NET> 4,488,547
<NET-INVESTMENT-INCOME> 11,061,733
<REALIZED-GAINS-CURRENT> 74,322,757
<APPREC-INCREASE-CURRENT> (29,303,706)
<NET-CHANGE-FROM-OPS> 56,080,784
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,325,087)
<DISTRIBUTIONS-OF-GAINS> (7,574,248)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 681,422
<NUMBER-OF-SHARES-REDEEMED> (707,574)
<SHARES-REINVESTED> 682,371
<NET-CHANGE-IN-ASSETS> (66,176,008)
<ACCUMULATED-NII-PRIOR> 163,990
<ACCUMULATED-GAINS-PRIOR> 20,422,211
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,632,510
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,887
<AVERAGE-NET-ASSETS> 44,563,725
<PER-SHARE-NAV-BEGIN> 13.11
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 1.58
<PER-SHARE-DIVIDEND> (0.38)
<PER-SHARE-DISTRIBUTIONS> (2.41)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.26
<EXPENSE-RATIO> 1.16
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>074
<NAME>Nations Funds Equity Income Inv-C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 352,177,595
<INVESTMENTS-AT-VALUE> 369,950,311
<RECEIVABLES> 15,921,278
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,336,776
<TOTAL-ASSETS> 387,208,365
<PAYABLE-FOR-SECURITIES> 7,515,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,483,588
<TOTAL-LIABILITIES> 18,998,849
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,688,418
<SHARES-COMMON-STOCK> 405,405
<SHARES-COMMON-PRIOR> 349,635
<ACCUMULATED-NII-CURRENT> 146,073
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,953,178
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,772,716
<NET-ASSETS> 5,007,205
<DIVIDEND-INCOME> 9,968,866
<INTEREST-INCOME> 5,581,414
<OTHER-INCOME> 0
<EXPENSES-NET> 4,488,547
<NET-INVESTMENT-INCOME> 11,061,733
<REALIZED-GAINS-CURRENT> 74,322,757
<APPREC-INCREASE-CURRENT> (29,303,706)
<NET-CHANGE-FROM-OPS> 56,080,784
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (129,443)
<DISTRIBUTIONS-OF-GAINS> (811,608)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 81,457
<NUMBER-OF-SHARES-REDEEMED> (100,800)
<SHARES-REINVESTED> 75,113
<NET-CHANGE-IN-ASSETS> (66,176,008)
<ACCUMULATED-NII-PRIOR> 163,990
<ACCUMULATED-GAINS-PRIOR> 20,422,211
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,632,510
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,887
<AVERAGE-NET-ASSETS> 4,797,507
<PER-SHARE-NAV-BEGIN> 13.19
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 1.59
<PER-SHARE-DIVIDEND> (0.35)
<PER-SHARE-DISTRIBUTIONS> (2.41)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.35
<EXPENSE-RATIO> 1.41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>075
<NAME>Nations Funds Equity Income Inv-N
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 352,177,595
<INVESTMENTS-AT-VALUE> 369,950,311
<RECEIVABLES> 15,921,278
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,336,776
<TOTAL-ASSETS> 387,208,365
<PAYABLE-FOR-SECURITIES> 7,515,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,483,588
<TOTAL-LIABILITIES> 18,998,849
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 103,697,907
<SHARES-COMMON-STOCK> 8,821,776
<SHARES-COMMON-PRIOR> 7,939,860
<ACCUMULATED-NII-CURRENT> 146,073
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,953,178
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,772,716
<NET-ASSETS> 108,055,132
<DIVIDEND-INCOME> 9,968,866
<INTEREST-INCOME> 5,581,414
<OTHER-INCOME> 0
<EXPENSES-NET> 4,488,547
<NET-INVESTMENT-INCOME> 11,061,733
<REALIZED-GAINS-CURRENT> 74,322,757
<APPREC-INCREASE-CURRENT> (29,303,706)
<NET-CHANGE-FROM-OPS> 56,080,784
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,623,184)
<DISTRIBUTIONS-OF-GAINS> (18,346,111)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 347,847
<NUMBER-OF-SHARES-REDEEMED> (1,111,287)
<SHARES-REINVESTED> 1,645,356
<NET-CHANGE-IN-ASSETS> (66,176,008)
<ACCUMULATED-NII-PRIOR> 163,990
<ACCUMULATED-GAINS-PRIOR> 20,422,211
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,632,510
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,887
<AVERAGE-NET-ASSETS> 106,971,518
<PER-SHARE-NAV-BEGIN> 13.10
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 1.57
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> (2.41)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.25
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>091
<NAME>Nations Fund Govt Securities Pr-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 102,487,694
<INVESTMENTS-AT-VALUE> 101,460,214
<RECEIVABLES> 25,832,571
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,667
<TOTAL-ASSETS> 127,318,452
<PAYABLE-FOR-SECURITIES> 21,939,520
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,523,736
<TOTAL-LIABILITIES> 23,463,256
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57,078,746
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<ACCUMULATED-NII-CURRENT> (340,498)
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<ACCUMULATED-NET-GAINS> (10,473,882)
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<ACCUM-APPREC-OR-DEPREC> (1,027,480)
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<INTEREST-INCOME> 8,039,329
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<EXPENSES-NET> 1,243,744
<NET-INVESTMENT-INCOME> 6,795,585
<REALIZED-GAINS-CURRENT> (3,826,282)
<APPREC-INCREASE-CURRENT> 478,228
<NET-CHANGE-FROM-OPS> 3,447,531
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,299,326)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (26,548)
<NUMBER-OF-SHARES-SOLD> 1,744,975
<NUMBER-OF-SHARES-REDEEMED> (1,963,478)
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<NET-CHANGE-IN-ASSETS> (17,284,534)
<ACCUMULATED-NII-PRIOR> (604,959)
<ACCUMULATED-GAINS-PRIOR> (6,882,533)
<OVERDISTRIB-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,400,552
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<PER-SHARE-NAV-BEGIN> 9.67
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> (0.58)
<PER-SHARE-DISTRIBUTIONS> 0.00
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<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>092
<NAME>Nations Fund Govt Securities Pr-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 102,487,694
<INVESTMENTS-AT-VALUE> 101,460,214
<RECEIVABLES> 25,832,571
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<OTHER-ITEMS-ASSETS> 25,667
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<OTHER-ITEMS-LIABILITIES> 1,523,736
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<ACCUMULATED-NET-GAINS> (10,473,882)
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<NET-INVESTMENT-INCOME> 6,795,585
<REALIZED-GAINS-CURRENT> (3,826,282)
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<DISTRIBUTIONS-OF-INCOME> (23,959)
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<DISTRIBUTIONS-OTHER> (214)
<NUMBER-OF-SHARES-SOLD> 84,339
<NUMBER-OF-SHARES-REDEEMED> (4,438)
<SHARES-REINVESTED> 577
<NET-CHANGE-IN-ASSETS> (17,284,534)
<ACCUMULATED-NII-PRIOR> (604,959)
<ACCUMULATED-GAINS-PRIOR> (6,882,533)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<PER-SHARE-GAIN-APPREC> (0.12)
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<PER-SHARE-DISTRIBUTIONS> 0.00
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>093
<NAME>Nations Fund Govt Securities Inv-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 102,487,694
<INVESTMENTS-AT-VALUE> 101,460,214
<RECEIVABLES> 25,832,571
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,667
<TOTAL-ASSETS> 127,318,452
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>094
<NAME>Nations Fund Govt Securities Inv-C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 102,487,694
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<RECEIVABLES> 25,832,571
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<OTHER-ITEMS-ASSETS> 25,667
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<ACCUMULATED-NII-CURRENT> (340,498)
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<ACCUMULATED-NET-GAINS> (10,473,882)
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<ACCUM-APPREC-OR-DEPREC> (1,027,480)
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<NET-INVESTMENT-INCOME> 6,795,585
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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>
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<SERIES>
<NUMBER> 111
<NAME> NATIONS 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>
<NUMBER> 112
<NAME> NATIONS INT'L. EQUITY PR-B
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 113
<NAME> NATIONS 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>
<NUMBER> 114
<NAME> NATIONS 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>
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<SERIES>
<NUMBER> 115
<NAME> NATIONS INT'L. EQUITY INV-N
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