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<PAGE> PAGE 13
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039 000900 N
<PAGE> PAGE 21
040 000900 Y
041 000900 Y
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050 000900 N
051 000900 N
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<PAGE> PAGE 22
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066 A000900 N
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068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
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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
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070 N020900 Y
070 O010900 Y
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<PAGE> PAGE 23
070 P010900 N
070 P020900 N
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<PAGE> PAGE 24
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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
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008 D011102 CHARLOTTE
008 D021102 NC
008 D031102 28255
015 A001101 BANK OF NEW YORK
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
063 A001100 0
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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008 A001201 NATIONSBANC ADVISORS INC.
008 B001201 A
008 C001201 801-999999
008 D011201 CHARLOTTE
008 D021201 NC
008 D031201 28255
008 A001202 GARTMORE GLOBAL PARTNERS
008 B001202 S
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008 D031202 28255
015 A001201 BANK OF NEW YORK
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
070 C021200 N
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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008 A001301 NATIONSBANC ADVISORS INC.
008 B001301 A
008 C001301 801-999999
008 D011301 CHARLOTTE
008 D021301 NC
008 D031301 28255
008 A001302 TRADESTREET INVESTMENT ASSOCIATES, INC.
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015 A001301 NATIONSBANK OF TEXAS, N.A.
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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008 A001401 NATIONSBANC ADVISORS INC.
008 B001401 A
008 C001401 801-999999
008 D011401 CHARLOTTE
008 D021401 NC
008 D031401 28255
008 A001402 BOATMENS CAPITAL MANAGEMENT
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<PAGE> PAGE 39
008 D021402 NC
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015 A001401 NATIONSBANK OF TEXAS, N.A.
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<PAGE> PAGE 40
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051 001400 N
052 001400 N
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<PAGE> PAGE 41
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062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 25
063 B001400 0.0
064 A001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 Y
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070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
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070 L011400 N
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 Y
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<PAGE> PAGE 42
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070 P021400 N
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<PAGE> PAGE 43
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SIGNATURE JOSEPH VISELLI
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<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 Fund Prime Pr-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 5,901,602,066
<INVESTMENTS-AT-VALUE> 5,901,602,066
<RECEIVABLES> 49,764,963
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<OTHER-ITEMS-ASSETS> 384,130
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<OTHER-ITEMS-LIABILITIES> 34,595,616
<TOTAL-LIABILITIES> 34,595,616
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,290,745
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<OVERDISTRIBUTION-GAINS> (488,645)
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<NET-ASSETS> 67,278,508
<DIVIDEND-INCOME> 1,838,137
<INTEREST-INCOME> 154,745,709
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<EXPENSES-NET> 11,416,078
<NET-INVESTMENT-INCOME> 145,167,768
<REALIZED-GAINS-CURRENT> (18,849)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 145,148,919
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 211,485,793
<NUMBER-OF-SHARES-REDEEMED> (328,271,924)
<SHARES-REINVESTED> 36,443
<NET-CHANGE-IN-ASSETS> 1,558,019,224
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (469,796)
<GROSS-ADVISORY-FEES> 5,483,748
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,640,265
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<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.03)
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<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>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>021
<NAME>Nations Fund Prime Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 5,901,602,066
<INVESTMENTS-AT-VALUE> 5,901,602,066
<RECEIVABLES> 49,764,963
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<OTHER-ITEMS-ASSETS> 384,130
<TOTAL-ASSETS> 5,951,751,159
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,595,616
<TOTAL-LIABILITIES> 34,595,616
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,655,727,493
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<OVERDISTRIBUTION-GAINS> (488,645)
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<NET-ASSETS> 3,655,757,915
<DIVIDEND-INCOME> 1,838,137
<INTEREST-INCOME> 154,745,709
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<EXPENSES-NET> 11,416,078
<NET-INVESTMENT-INCOME> 145,167,768
<REALIZED-GAINS-CURRENT> (18,849)
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (93,041,065)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,372,463,340
<NUMBER-OF-SHARES-REDEEMED> (2,250,806,011)
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<NET-CHANGE-IN-ASSETS> 1,558,019,224
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (469,796)
<GROSS-ADVISORY-FEES> 5,483,748
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,640,265
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<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.03)
<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>025
<NAME>Nations Fund Prime Inv-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 5,901,602,066
<INVESTMENTS-AT-VALUE> 5,901,602,066
<RECEIVABLES> 49,764,963
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 384,130
<TOTAL-ASSETS> 5,951,751,159
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,595,616
<TOTAL-LIABILITIES> 34,595,616
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,901,751
<SHARES-COMMON-STOCK> 81,901,704
<SHARES-COMMON-PRIOR> 93,688,283
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (488,645)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 81,886,948
<DIVIDEND-INCOME> 1,838,137
<INTEREST-INCOME> 154,745,709
<OTHER-INCOME> 0
<EXPENSES-NET> 11,416,078
<NET-INVESTMENT-INCOME> 145,167,768
<REALIZED-GAINS-CURRENT> (18,849)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 145,148,919
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,320,594)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 119,738,465
<NUMBER-OF-SHARES-REDEEMED> (133,780,336)
<SHARES-REINVESTED> 2,255,292
<NET-CHANGE-IN-ASSETS> 1,558,019,224
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (469,796)
<GROSS-ADVISORY-FEES> 5,483,748
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,640,265
<AVERAGE-NET-ASSETS> 89,040,135
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.03)
<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 Fund Prime Inv-D
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 5,901,602,066
<INVESTMENTS-AT-VALUE> 5,901,602,066
<RECEIVABLES> 49,764,963
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 384,130
<TOTAL-ASSETS> 5,951,751,159
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,595,616
<TOTAL-LIABILITIES> 34,595,616
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,830,423
<SHARES-COMMON-STOCK> 104,830,422
<SHARES-COMMON-PRIOR> 9,010,833
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (488,645)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 104,811,534
<DIVIDEND-INCOME> 1,838,137
<INTEREST-INCOME> 154,745,709
<OTHER-INCOME> 0
<EXPENSES-NET> 11,416,078
<NET-INVESTMENT-INCOME> 145,167,768
<REALIZED-GAINS-CURRENT> (18,849)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 145,148,919
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,700,787)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 343,225,495
<NUMBER-OF-SHARES-REDEEMED> (249,070,842)
<SHARES-REINVESTED> 1,664,936
<NET-CHANGE-IN-ASSETS> 1,558,019,224
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (469,796)
<GROSS-ADVISORY-FEES> 5,483,748
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,640,265
<AVERAGE-NET-ASSETS> 68,406,638
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<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 Fund Equity Income Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 467,970,033
<INVESTMENTS-AT-VALUE> 567,264,068
<RECEIVABLES> 4,910,566
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,739,044
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<TOTAL-LIABILITIES> 17,184,825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 253,554,845
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<ACCUMULATED-NII-CURRENT> 269,153
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<ACCUMULATED-NET-GAINS> 37,282,181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99,294,035
<NET-ASSETS> 359,042,870
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<INTEREST-INCOME> 2,680,402
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<EXPENSES-NET> 2,814,863
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<APPREC-INCREASE-CURRENT> 81,521,319
<NET-CHANGE-FROM-OPS> 125,462,841
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,190,377)
<DISTRIBUTIONS-OF-GAINS> (16,701,603)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,432,390
<NUMBER-OF-SHARES-REDEEMED> (4,536,528)
<SHARES-REINVESTED> 803,335
<NET-CHANGE-IN-ASSETS> 197,519,337
<ACCUMULATED-NII-PRIOR> 146,073
<ACCUMULATED-GAINS-PRIOR> 29,953,178
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,685,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,820,538
<AVERAGE-NET-ASSETS> 320,428,239
<PER-SHARE-NAV-BEGIN> 12.30
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 2.54
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> (1.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.80
<EXPENSE-RATIO> 0.86
<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 Fund Equity Income Pr-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 467,970,033
<INVESTMENTS-AT-VALUE> 567,264,068
<RECEIVABLES> 4,910,566
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,739,044
<TOTAL-ASSETS> 582,913,678
<PAYABLE-FOR-SECURITIES> 5,285,747
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,899,078
<TOTAL-LIABILITIES> 17,184,825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,852,361
<SHARES-COMMON-STOCK> 474,305
<SHARES-COMMON-PRIOR> 527,388
<ACCUMULATED-NII-CURRENT> 269,153
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<ACCUMULATED-NET-GAINS> 37,282,181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99,294,035
<NET-ASSETS> 6,542,001
<DIVIDEND-INCOME> 6,153,407
<INTEREST-INCOME> 2,680,402
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<EXPENSES-NET> 2,814,863
<NET-INVESTMENT-INCOME> 6,026,319
<REALIZED-GAINS-CURRENT> 37,915,203
<APPREC-INCREASE-CURRENT> 81,521,319
<NET-CHANGE-FROM-OPS> 125,462,841
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (61,936)
<DISTRIBUTIONS-OF-GAINS> (540,635)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 54,228
<NUMBER-OF-SHARES-REDEEMED> (145,119)
<SHARES-REINVESTED> 37,808
<NET-CHANGE-IN-ASSETS> 197,519,337
<ACCUMULATED-NII-PRIOR> 146,073
<ACCUMULATED-GAINS-PRIOR> 29,953,178
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,685,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,820,538
<AVERAGE-NET-ASSETS> 6,789,323
<PER-SHARE-NAV-BEGIN> 12.30
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 2.50
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (1.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.79
<EXPENSE-RATIO> 1.36
<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 Fund Equity Income Inv-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 467,970,033
<INVESTMENTS-AT-VALUE> 567,264,068
<RECEIVABLES> 4,910,566
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,739,044
<TOTAL-ASSETS> 582,913,678
<PAYABLE-FOR-SECURITIES> 5,285,747
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,899,078
<TOTAL-LIABILITIES> 17,184,825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50,626,691
<SHARES-COMMON-STOCK> 4,446,226
<SHARES-COMMON-PRIOR> 3,906,169
<ACCUMULATED-NII-CURRENT> 269,153
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37,282,181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99,294,035
<NET-ASSETS> 61,144,623
<DIVIDEND-INCOME> 6,153,407
<INTEREST-INCOME> 2,680,402
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<EXPENSES-NET> 2,814,863
<NET-INVESTMENT-INCOME> 6,026,319
<REALIZED-GAINS-CURRENT> 37,915,203
<APPREC-INCREASE-CURRENT> 81,521,319
<NET-CHANGE-FROM-OPS> 125,462,841
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (604,646)
<DISTRIBUTIONS-OF-GAINS> (3,999,159)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 726,547
<NUMBER-OF-SHARES-REDEEMED> (536,593)
<SHARES-REINVESTED> 350,103
<NET-CHANGE-IN-ASSETS> 197,519,337
<ACCUMULATED-NII-PRIOR> 146,073
<ACCUMULATED-GAINS-PRIOR> 29,953,178
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,685,930
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<GROSS-EXPENSE> 2,820,538
<AVERAGE-NET-ASSETS> 55,966,396
<PER-SHARE-NAV-BEGIN> 12.26
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<PER-SHARE-GAIN-APPREC> 2.51
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (1.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.75
<EXPENSE-RATIO> 1.11
<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 Fund Equity Income Inv-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 467,970,033
<INVESTMENTS-AT-VALUE> 567,264,068
<RECEIVABLES> 4,910,566
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,739,044
<TOTAL-ASSETS> 582,913,678
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,899,078
<TOTAL-LIABILITIES> 17,184,825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,079,570
<SHARES-COMMON-STOCK> 9,264,269
<SHARES-COMMON-PRIOR> 8,821,776
<ACCUMULATED-NII-CURRENT> 269,153
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37,282,181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99,294,035
<NET-ASSETS> 127,232,548
<DIVIDEND-INCOME> 6,153,407
<INTEREST-INCOME> 2,680,402
<OTHER-INCOME> 7,373
<EXPENSES-NET> 2,814,863
<NET-INVESTMENT-INCOME> 6,026,319
<REALIZED-GAINS-CURRENT> 37,915,203
<APPREC-INCREASE-CURRENT> 81,521,319
<NET-CHANGE-FROM-OPS> 125,462,841
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (989,996)
<DISTRIBUTIONS-OF-GAINS> (8,934,318)
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<NUMBER-OF-SHARES-SOLD> 695,014
<NUMBER-OF-SHARES-REDEEMED> (1,044,754)
<SHARES-REINVESTED> 792,233
<NET-CHANGE-IN-ASSETS> 197,519,337
<ACCUMULATED-NII-PRIOR> 146,073
<ACCUMULATED-GAINS-PRIOR> 29,953,178
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,685,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,820,538
<AVERAGE-NET-ASSETS> 121,358,935
<PER-SHARE-NAV-BEGIN> 12.25
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 2.50
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (1.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.73
<EXPENSE-RATIO> 1.69
<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 Fund Equity Income Inv-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
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</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> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 151,395,706
<INVESTMENTS-AT-VALUE> 152,789,097
<RECEIVABLES> 1,206,696
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<OVERDISTRIBUTION-GAINS> (9,567,064)
<ACCUM-APPREC-OR-DEPREC> 1,393,391
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<INTEREST-INCOME> 3,709,503
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<REALIZED-GAINS-CURRENT> 906,818
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<NUMBER-OF-SHARES-SOLD> 5,433,926
<NUMBER-OF-SHARES-REDEEMED> (1,162,136)
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<NET-CHANGE-IN-ASSETS> 39,807,528
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> (340,498)
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<PER-SHARE-NAV-END> 9.68
<EXPENSE-RATIO> 0.85
<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> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 151,395,706
<INVESTMENTS-AT-VALUE> 152,789,097
<RECEIVABLES> 1,206,696
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 34,166,756
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<PAYABLE-FOR-SECURITIES> 9,575,418
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<TOTAL-LIABILITIES> 44,499,825
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<ACCUMULATED-NII-CURRENT> 0
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<OVERDISTRIBUTION-GAINS> (9,567,064)
<ACCUM-APPREC-OR-DEPREC> 1,393,391
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<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,709,503
<OTHER-INCOME> 4,875
<EXPENSES-NET> 618,326
<NET-INVESTMENT-INCOME> 3,096,052
<REALIZED-GAINS-CURRENT> 906,818
<APPREC-INCREASE-CURRENT> 2,420,871
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<EQUALIZATION> 0
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<NUMBER-OF-SHARES-SOLD> 10,667
<NUMBER-OF-SHARES-REDEEMED> (30,841)
<SHARES-REINVESTED> 555
<NET-CHANGE-IN-ASSETS> 39,807,528
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<OVERDISTRIB-NII-PRIOR> (340,498)
<OVERDIST-NET-GAINS-PRIOR> (10,473,882)
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<PER-SHARE-NAV-BEGIN> 9.39
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<PER-SHARE-NAV-END> 9.68
<EXPENSE-RATIO> 1.35
<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> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 151,395,706
<INVESTMENTS-AT-VALUE> 152,789,097
<RECEIVABLES> 1,206,696
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 34,166,756
<TOTAL-ASSETS> 188,162,549
<PAYABLE-FOR-SECURITIES> 9,575,418
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,924,407
<TOTAL-LIABILITIES> 44,499,825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,040,752
<SHARES-COMMON-STOCK> 1,128,241
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<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (340,498)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (9,567,064)
<ACCUM-APPREC-OR-DEPREC> 1,393,391
<NET-ASSETS> 10,922,796
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,709,503
<OTHER-INCOME> 4,875
<EXPENSES-NET> 618,326
<NET-INVESTMENT-INCOME> 3,096,052
<REALIZED-GAINS-CURRENT> 906,818
<APPREC-INCREASE-CURRENT> 2,420,871
<NET-CHANGE-FROM-OPS> 6,423,741
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (281,268)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 115,882
<NUMBER-OF-SHARES-REDEEMED> (54,791)
<SHARES-REINVESTED> 17,519
<NET-CHANGE-IN-ASSETS> 39,807,528
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (340,498)
<OVERDIST-NET-GAINS-PRIOR> (10,473,882)
<GROSS-ADVISORY-FEES> 355,501
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 696,223
<AVERAGE-NET-ASSETS> 10,007,840
<PER-SHARE-NAV-BEGIN> 9.39
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.29
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.68
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
[ARTICLE] 6
[SERIES]
[NUMBER] 093
[NAME]Nations Fund Govt Securities Inv-A
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAR-31-1998
[PERIOD-END] SEP-30-1997
[INVESTMENTS-AT-COST] 151,395,706
[INVESTMENTS-AT-VALUE] 152,789,097
[RECEIVABLES] 1,206,696
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 34,166,756
[TOTAL-ASSETS] 188,162,549
[PAYABLE-FOR-SECURITIES] 9,575,418
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 34,924,407
[TOTAL-LIABILITIES] 44,499,825
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12,040,752
[SHARES-COMMON-STOCK] 1,128,241
[SHARES-COMMON-PRIOR] 1,049,631
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (340,498)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (9,567,064)
[ACCUM-APPREC-OR-DEPREC] 1,393,391
[NET-ASSETS] 10,922,796
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,709,503
[OTHER-INCOME] 4,875
[EXPENSES-NET] 618,326
[NET-INVESTMENT-INCOME] 3,096,052
[REALIZED-GAINS-CURRENT] 906,818
[APPREC-INCREASE-CURRENT] 2,420,871
[NET-CHANGE-FROM-OPS] 6,423,741
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (281,268)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 115,882
[NUMBER-OF-SHARES-REDEEMED] (54,791)
[SHARES-REINVESTED] 17,519
[NET-CHANGE-IN-ASSETS] 39,807,528
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (340,498)
[OVERDIST-NET-GAINS-PRIOR] (10,473,882)
[GROSS-ADVISORY-FEES] 355,501
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 696,223
[AVERAGE-NET-ASSETS] 10,007,840
[PER-SHARE-NAV-BEGIN] 9.39
[PER-SHARE-NII] 0.27
[PER-SHARE-GAIN-APPREC] 0.29
[PER-SHARE-DIVIDEND] (0.27)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.68
[EXPENSE-RATIO] 1.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.0000
[ARTICLE] 6
[SERIES]
[NUMBER] 093
[NAME]Nations Fund Govt Securities Inv-A
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAR-31-1998
[PERIOD-END] SEP-30-1997
[INVESTMENTS-AT-COST] 151,395,706
[INVESTMENTS-AT-VALUE] 152,789,097
[RECEIVABLES] 1,206,696
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 34,166,756
[TOTAL-ASSETS] 188,162,549
[PAYABLE-FOR-SECURITIES] 9,575,418
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 34,924,407
[TOTAL-LIABILITIES] 44,499,825
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12,040,752
[SHARES-COMMON-STOCK] 1,128,241
[SHARES-COMMON-PRIOR] 1,049,631
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (340,498)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (9,567,064)
[ACCUM-APPREC-OR-DEPREC] 1,393,391
[NET-ASSETS] 10,922,796
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,709,503
[OTHER-INCOME] 4,875
[EXPENSES-NET] 618,326
[NET-INVESTMENT-INCOME] 3,096,052
[REALIZED-GAINS-CURRENT] 906,818
[APPREC-INCREASE-CURRENT] 2,420,871
[NET-CHANGE-FROM-OPS] 6,423,741
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (281,268)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 115,882
[NUMBER-OF-SHARES-REDEEMED] (54,791)
[SHARES-REINVESTED] 17,519
[NET-CHANGE-IN-ASSETS] 39,807,528
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (340,498)
[OVERDIST-NET-GAINS-PRIOR] (10,473,882)
[GROSS-ADVISORY-FEES] 355,501
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 696,223
[AVERAGE-NET-ASSETS] 10,007,840
[PER-SHARE-NAV-BEGIN] 9.39
[PER-SHARE-NII] 0.27
[PER-SHARE-GAIN-APPREC] 0.29
[PER-SHARE-DIVIDEND] (0.27)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.68
[EXPENSE-RATIO] 1.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.0000
[ARTICLE] 6
[SERIES]
[NUMBER] 093
[NAME]Nations Fund Govt Securities Inv-A
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAR-31-1998
[PERIOD-END] SEP-30-1997
[INVESTMENTS-AT-COST] 151,395,706
[INVESTMENTS-AT-VALUE] 152,789,097
[RECEIVABLES] 1,206,696
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 34,166,756
[TOTAL-ASSETS] 188,162,549
[PAYABLE-FOR-SECURITIES] 9,575,418
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 34,924,407
[TOTAL-LIABILITIES] 44,499,825
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12,040,752
[SHARES-COMMON-STOCK] 1,128,241
[SHARES-COMMON-PRIOR] 1,049,631
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (340,498)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (9,567,064)
[ACCUM-APPREC-OR-DEPREC] 1,393,391
[NET-ASSETS] 10,922,796
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,709,503
[OTHER-INCOME] 4,875
[EXPENSES-NET] 618,326
[NET-INVESTMENT-INCOME] 3,096,052
[REALIZED-GAINS-CURRENT] 906,818
[APPREC-INCREASE-CURRENT] 2,420,871
[NET-CHANGE-FROM-OPS] 6,423,741
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (281,268)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 115,882
[NUMBER-OF-SHARES-REDEEMED] (54,791)
[SHARES-REINVESTED] 17,519
[NET-CHANGE-IN-ASSETS] 39,807,528
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (340,498)
[OVERDIST-NET-GAINS-PRIOR] (10,473,882)
[GROSS-ADVISORY-FEES] 355,501
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 696,223
[AVERAGE-NET-ASSETS] 10,007,840
[PER-SHARE-NAV-BEGIN] 9.39
[PER-SHARE-NII] 0.27
[PER-SHARE-GAIN-APPREC] 0.29
[PER-SHARE-DIVIDEND] (0.27)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.68
[EXPENSE-RATIO] 1.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.0000
[ARTICLE] 6
[SERIES]
[NUMBER] 093
[NAME]Nations Fund Govt Securities Inv-A
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAR-31-1998
[PERIOD-END] SEP-30-1997
[INVESTMENTS-AT-COST] 151,395,706
[INVESTMENTS-AT-VALUE] 152,789,097
[RECEIVABLES] 1,206,696
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 34,166,756
[TOTAL-ASSETS] 188,162,549
[PAYABLE-FOR-SECURITIES] 9,575,418
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 34,924,407
[TOTAL-LIABILITIES] 44,499,825
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12,040,752
[SHARES-COMMON-STOCK] 1,128,241
[SHARES-COMMON-PRIOR] 1,049,631
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (340,498)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (9,567,064)
[ACCUM-APPREC-OR-DEPREC] 1,393,391
[NET-ASSETS] 10,922,796
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,709,503
[OTHER-INCOME] 4,875
[EXPENSES-NET] 618,326
[NET-INVESTMENT-INCOME] 3,096,052
[REALIZED-GAINS-CURRENT] 906,818
[APPREC-INCREASE-CURRENT] 2,420,871
[NET-CHANGE-FROM-OPS] 6,423,741
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (281,268)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 115,882
[NUMBER-OF-SHARES-REDEEMED] (54,791)
[SHARES-REINVESTED] 17,519
[NET-CHANGE-IN-ASSETS] 39,807,528
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (340,498)
[OVERDIST-NET-GAINS-PRIOR] (10,473,882)
[GROSS-ADVISORY-FEES] 355,501
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 696,223
[AVERAGE-NET-ASSETS] 10,007,840
[PER-SHARE-NAV-BEGIN] 9.39
[PER-SHARE-NII] 0.27
[PER-SHARE-GAIN-APPREC] 0.29
[PER-SHARE-DIVIDEND] (0.27)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.68
[EXPENSE-RATIO] 1.10
[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-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 151,395,706
<INVESTMENTS-AT-VALUE> 152,789,097
<RECEIVABLES> 1,206,696
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 34,166,756
<TOTAL-ASSETS> 188,162,549
<PAYABLE-FOR-SECURITIES> 9,575,418
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,924,407
<TOTAL-LIABILITIES> 44,499,825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,076,629
<SHARES-COMMON-STOCK> 3,595,696
<SHARES-COMMON-PRIOR> 4,134,349
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (340,498)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (9,567,064)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 095
<NAME>Nations Fund Govt Securities Inv-C
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>111
<NAME>Nations Fund Int'l. Equity Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 915,364,598
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>112
<NAME>Nations Fund Int'l. Equity Pr-B
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 915,364,598
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>113
<NAME>Nations Fund Int'l. Equity Inv-A
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 915,364,598
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>114
<NAME>Nations Fund Int'l. Equity Inv-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 915,364,598
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>115
<NAME>Nations Fund Int'l. Equity Inv-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
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<INVESTMENTS-AT-COST> 915,364,598
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>121
<NAME>Nations Fund Int'l. Growth Pr-A
<S> <C>
<PERIOD-TYPE> 5-MOS
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<INVESTMENTS-AT-COST> 446,071,083
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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>122
<NAME>Nations Fund Int'l. Growth Inv-A
<S> <C>
<PERIOD-TYPE> 5-MOS
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<EXPENSES-NET> 3,023,951
<NET-INVESTMENT-INCOME> 802,270
<REALIZED-GAINS-CURRENT> (8,826,253)
<APPREC-INCREASE-CURRENT> 22,613,644
<NET-CHANGE-FROM-OPS> 14,589,661
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<DISTRIBUTIONS-OF-INCOME> 0
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<NUMBER-OF-SHARES-REDEEMED> (287,004)
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<NET-CHANGE-IN-ASSETS> (69,019,099)
<ACCUMULATED-NII-PRIOR> 2,415,558
<ACCUMULATED-GAINS-PRIOR> 10,560,333
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,261,527
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<GROSS-EXPENSE> 3,023,951
<AVERAGE-NET-ASSETS> 25,269,853
<PER-SHARE-NAV-BEGIN> 18.27
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.49
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.78
<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>123
<NAME>Nations Fund Int'l. Growth Inv-B
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 446,071,083
<INVESTMENTS-AT-VALUE> 593,535,133
<RECEIVABLES> 3,906,696
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 125,965,907
<TOTAL-ASSETS> 723,407,736
<PAYABLE-FOR-SECURITIES> 2,664,150
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<OTHER-ITEMS-LIABILITIES> 61,459,986
<TOTAL-LIABILITIES> 64,104,136
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,150
<SHARES-COMMON-STOCK> 221
<SHARES-COMMON-PRIOR> 30,587
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<ACCUMULATED-NET-GAINS> 1,734,080
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 147,425,925
<NET-ASSETS> 4,151
<DIVIDEND-INCOME> 3,796,129
<INTEREST-INCOME> 795
<OTHER-INCOME> 29,297
<EXPENSES-NET> 3,023,951
<NET-INVESTMENT-INCOME> 802,270
<REALIZED-GAINS-CURRENT> (8,826,253)
<APPREC-INCREASE-CURRENT> 22,613,644
<NET-CHANGE-FROM-OPS> 14,589,661
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 219
<NUMBER-OF-SHARES-REDEEMED> (30,585)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (69,019,099)
<ACCUMULATED-NII-PRIOR> 2,415,558
<ACCUMULATED-GAINS-PRIOR> 10,560,333
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,261,527
<INTEREST-EXPENSE> 5,827
<GROSS-EXPENSE> 3,023,951
<AVERAGE-NET-ASSETS> 520,680
<PER-SHARE-NAV-BEGIN> 18.32
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.48
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.78
<EXPENSE-RATIO> 2.16
<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>124
<NAME>Nations Fund Int'l. Growth Inv-C
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 446,071,083
<INVESTMENTS-AT-VALUE> 593,535,133
<RECEIVABLES> 3,906,696
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 125,965,907
<TOTAL-ASSETS> 723,407,736
<PAYABLE-FOR-SECURITIES> 2,664,150
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 64,104,136
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<PAID-IN-CAPITAL-COMMON> 532,393
<SHARES-COMMON-STOCK> 28,795
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3,217,828
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,734,080
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 147,425,925
<NET-ASSETS> 545,864
<DIVIDEND-INCOME> 3,796,129
<INTEREST-INCOME> 795
<OTHER-INCOME> 29,297
<EXPENSES-NET> 3,023,951
<NET-INVESTMENT-INCOME> 802,270
<REALIZED-GAINS-CURRENT> (8,826,253)
<APPREC-INCREASE-CURRENT> 22,613,644
<NET-CHANGE-FROM-OPS> 14,589,661
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 28,795
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (69,019,099)
<ACCUMULATED-NII-PRIOR> 2,415,558
<ACCUMULATED-GAINS-PRIOR> 10,560,333
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,261,527
<INTEREST-EXPENSE> 5,827
<GROSS-EXPENSE> 3,023,951
<AVERAGE-NET-ASSETS> 36,084
<PER-SHARE-NAV-BEGIN> 18.46
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.52
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.96
<EXPENSE-RATIO> 1.99
<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>131
<NAME>Nations Fund Small Company Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 115,580,818
<INVESTMENTS-AT-VALUE> 155,292,800
<RECEIVABLES> 271,248
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,045,905
<TOTAL-ASSETS> 165,609,953
<PAYABLE-FOR-SECURITIES> 1,559,020
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,160,583
<TOTAL-LIABILITIES> 11,719,603
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 102,558,506
<SHARES-COMMON-STOCK> 9,439,289
<SHARES-COMMON-PRIOR> 9,065,316
<ACCUMULATED-NII-CURRENT> 100,445
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,729,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39,711,982
<NET-ASSETS> 144,705,684
<DIVIDEND-INCOME> 361,373
<INTEREST-INCOME> 223,695
<OTHER-INCOME> 8,594
<EXPENSES-NET> 494,107
<NET-INVESTMENT-INCOME> 99,555
<REALIZED-GAINS-CURRENT> 6,208,892
<APPREC-INCREASE-CURRENT> 25,469,132
<NET-CHANGE-FROM-OPS> 31,777,579
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,441,848
<NUMBER-OF-SHARES-REDEEMED> (1,003,053)
<SHARES-REINVESTED> 494
<NET-CHANGE-IN-ASSETS> 38,107,498
<ACCUMULATED-NII-PRIOR> 890
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,479,742)
<GROSS-ADVISORY-FEES> 499,858
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 659,008
<AVERAGE-NET-ASSETS> 127,862,452
<PER-SHARE-NAV-BEGIN> 12.07
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 3.25
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.33
<EXPENSE-RATIO> 0.96
<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>132
<NAME>Nations Fund Small Company Inv-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 115,580,818
<INVESTMENTS-AT-VALUE> 155,292,800
<RECEIVABLES> 271,248
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,045,905
<TOTAL-ASSETS> 165,609,953
<PAYABLE-FOR-SECURITIES> 1,559,020
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,160,583
<TOTAL-LIABILITIES> 11,719,603
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,964,232
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<SHARES-COMMON-PRIOR> 306,758
<ACCUMULATED-NII-CURRENT> 100,445
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,729,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39,711,982
<NET-ASSETS> 5,358,583
<DIVIDEND-INCOME> 361,373
<INTEREST-INCOME> 223,695
<OTHER-INCOME> 8,594
<EXPENSES-NET> 494,107
<NET-INVESTMENT-INCOME> 99,555
<REALIZED-GAINS-CURRENT> 6,208,892
<APPREC-INCREASE-CURRENT> 25,469,132
<NET-CHANGE-FROM-OPS> 31,777,579
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 384,643
<NUMBER-OF-SHARES-REDEEMED> (34,204)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 38,107,498
<ACCUMULATED-NII-PRIOR> 890
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,479,742)
<GROSS-ADVISORY-FEES> 499,858
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 659,008
<AVERAGE-NET-ASSETS> 4,240,654
<PER-SHARE-NAV-BEGIN> 12.05
<PER-SHARE-NII> (0.00)
<PER-SHARE-GAIN-APPREC> 3.24
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.29
<EXPENSE-RATIO> 1.21
<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>133
<NAME>Nations Fund Small Company Inv-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 115,580,818
<INVESTMENTS-AT-VALUE> 155,292,800
<RECEIVABLES> 271,248
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,045,905
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<PAYABLE-FOR-SECURITIES> 1,559,020
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,160,583
<TOTAL-LIABILITIES> 11,719,603
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (428,239)
<SHARES-COMMON-STOCK> 35,444
<SHARES-COMMON-PRIOR> 219,116
<ACCUMULATED-NII-CURRENT> 100,445
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,729,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39,711,982
<NET-ASSETS> 539,527
<DIVIDEND-INCOME> 361,373
<INTEREST-INCOME> 223,695
<OTHER-INCOME> 8,594
<EXPENSES-NET> 494,107
<NET-INVESTMENT-INCOME> 99,555
<REALIZED-GAINS-CURRENT> 6,208,892
<APPREC-INCREASE-CURRENT> 25,469,132
<NET-CHANGE-FROM-OPS> 31,777,579
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 259,105
<NUMBER-OF-SHARES-REDEEMED> (223,661)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 38,107,498
<ACCUMULATED-NII-PRIOR> 890
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,479,742)
<GROSS-ADVISORY-FEES> 499,858
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 659,008
<AVERAGE-NET-ASSETS> 2,826,173
<PER-SHARE-NAV-BEGIN> 12.03
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 3.21
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.22
<EXPENSE-RATIO> 1.71
<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>134
<NAME>Nations Fund Small Company Inv-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 115,580,818
<INVESTMENTS-AT-VALUE> 155,292,800
<RECEIVABLES> 271,248
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,045,905
<TOTAL-ASSETS> 165,609,953
<PAYABLE-FOR-SECURITIES> 1,559,020
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<OTHER-ITEMS-LIABILITIES> 10,160,583
<TOTAL-LIABILITIES> 11,719,603
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,254,264
<SHARES-COMMON-STOCK> 214,380
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 100,445
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,729,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39,711,982
<NET-ASSETS> 3,286,541
<DIVIDEND-INCOME> 361,373
<INTEREST-INCOME> 223,695
<OTHER-INCOME> 8,594
<EXPENSES-NET> 494,107
<NET-INVESTMENT-INCOME> 99,555
<REALIZED-GAINS-CURRENT> 6,208,892
<APPREC-INCREASE-CURRENT> 25,469,132
<NET-CHANGE-FROM-OPS> 31,777,579
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 214,569
<NUMBER-OF-SHARES-REDEEMED> (189)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 38,107,498
<ACCUMULATED-NII-PRIOR> 890
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,479,742)
<GROSS-ADVISORY-FEES> 499,858
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 659,008
<AVERAGE-NET-ASSETS> 217,455
<PER-SHARE-NAV-BEGIN> 15.18
<PER-SHARE-NII> (0.00)
<PER-SHARE-GAIN-APPREC> 0.15
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.33
<EXPENSE-RATIO> 1.62
<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>141
<NAME>Nations Fund U.S. Govt. Bond Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 144,195,878
<INVESTMENTS-AT-VALUE> 146,283,921
<RECEIVABLES> 3,311,355
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 486,449
<TOTAL-ASSETS> 150,081,725
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,383,866
<TOTAL-LIABILITIES> 1,383,866
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 142,396,984
<SHARES-COMMON-STOCK> 14,046,091
<SHARES-COMMON-PRIOR> 14,529,997
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,069)
<ACCUMULATED-NET-GAINS> 1,608,867
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,088,043
<NET-ASSETS> 146,077,705
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,301,797
<OTHER-INCOME> 417
<EXPENSES-NET> 337,520
<NET-INVESTMENT-INCOME> 2,964,694
<REALIZED-GAINS-CURRENT> 981,880
<APPREC-INCREASE-CURRENT> 2,056,316
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<DISTRIBUTIONS-OF-INCOME> (2,944,082)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 610,069
<NUMBER-OF-SHARES-REDEEMED> (1,101,993)
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<NET-CHANGE-IN-ASSETS> (1,647,401)
<ACCUMULATED-NII-PRIOR> 22,072
<ACCUMULATED-GAINS-PRIOR> 626,987
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 317,533
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<GROSS-EXPENSE> 472,897
<AVERAGE-NET-ASSETS> 147,444,316
<PER-SHARE-NAV-BEGIN> 10.19
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 0.21
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> 0.00
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<PER-SHARE-NAV-END> 10.40
<EXPENSE-RATIO> 0.60
<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>142
<NAME>Nations Fund U.S. Govt. Bond Inv-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 144,195,878
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,383,866
<TOTAL-LIABILITIES> 1,383,866
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,100,919
<SHARES-COMMON-STOCK> 107,532
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<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,069)
<ACCUMULATED-NET-GAINS> 1,608,867
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<ACCUM-APPREC-OR-DEPREC> 2,088,043
<NET-ASSETS> 1,118,315
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<INTEREST-INCOME> 3,301,797
<OTHER-INCOME> 417
<EXPENSES-NET> 337,520
<NET-INVESTMENT-INCOME> 2,964,694
<REALIZED-GAINS-CURRENT> 981,880
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<DISTRIBUTIONS-OF-INCOME> (15,545)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 41,541
<NUMBER-OF-SHARES-REDEEMED> (7,464)
<SHARES-REINVESTED> 1,496
<NET-CHANGE-IN-ASSETS> (1,647,401)
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<ACCUMULATED-GAINS-PRIOR> 626,987
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<OVERDIST-NET-GAINS-PRIOR> 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NUMBER>143
<NAME>Nations Fund U.S. Govt. Bond Inv-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>144
<NAME>Nations Fund U.S. Govt. Bond Inv-C
<S> <C>
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