<PAGE> PAGE 1
000 A000000 09/30/98
000 C000000 790569
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 NATIONS FUND, INC.
001 B000000 811-4614
001 C000000 6175731351
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 9
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
007 C010600 6
007 C010700 7
007 C020700 NATIONS EQUITY INCOME FUND
007 C030700 N
007 C010800 8
007 C010900 9
007 C020900 NATIONS GOVERNMENT SECURITIES FUND
007 C030900 N
007 C011000 10
007 C011100 11
007 C021100 NATIONS INTERNATIONAL EQUITY FUND
007 C031100 N
007 C011200 12
007 C021200 NATIONS INTERNATIONAL GROWTH FUND
007 C031200 N
007 C011300 13
007 C021300 NATIONS SMALL COMPANY GROWTH FUND
007 C031300 N
007 C011400 14
007 C021400 NATIONS U.S. GOVERNMENT BOND FUND
<PAGE> PAGE 2
007 C031400 N
007 C011500 15
007 C021500 NATIONS INTERNATIONAL VALUE FUND
007 C031500 N
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
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
012 A00AA02 DELETE
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 NATIONSBANK SECURITIES, INC.
014 B00AA01 8-33805
014 A00AA02 NATIONS BANK CAPITAL MARKETS, INC.
014 B00AA02 8-42263
014 A00AA03 NATWEST
014 B00AA03 8-9999
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 44
019 C00AA00 NATIONSFUN
020 A000001 HSBC SECURITIES
020 C000001 369
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002 359
020 A000003 DEUTSCHE MORGAN GRENFELL
020 C000003 335
<PAGE> PAGE 3
020 A000004 MORGAN STANLEY
020 B000004 13-2655998
020 C000004 242
020 A000005 INTERSTATE-JOHNSON LANE CORP.
020 C000005 165
020 A000006 SALOMAN BROTHERS
020 B000006 13-3243112
020 C000006 136
020 A000007 JP MORGAN SECURITIES
020 C000007 133
020 A000008 BANK OF NEW YORK
020 C000008 121
020 A000009 LEHMAN BROTHERS
020 B000009 13-2932990
020 C000009 103
020 A000010 PARIBUS
020 C000010 101
021 000000 2064
022 A000001 BANKERS TRUST CO.
022 B000001 13-4941247
022 C000001 80876000
022 D000001 0
022 A000002 AGN AMRO SECS USA INC,NY
022 C000002 35934866
022 D000002 0
022 A000003 JP MORGAN
022 B000003 13-3224016
022 C000003 31119672
022 D000003 201147
022 A000004 SMITH BARNEY
022 B000004 13-1912900
022 C000004 19910524
022 D000004 0
022 A000005 LEHMAN BROTHERS
022 B000005 13-2932990
022 C000005 18552232
022 D000005 99612
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006 17825786
022 D000006 163271
022 A000007 BEAR STERNS
022 C000007 17422615
022 D000007 61000
022 A000008 FIRST UNION CAPITOL MARKETS
022 C000008 13932092
022 D000008 0
022 A000009 MORGAN STANLEY
022 B000009 13-2655998
022 C000009 13814430
022 D000009 71704
<PAGE> PAGE 4
022 A000010 WEST LB
022 C000010 12562396
022 D000010 0
023 C000000 418754157
023 D000000 1060764
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
054 A00AA00 Y
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 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 N
080 A00AA00 THE RELIANCE INSURANCE COMPANY
080 B00AA00 THE GULF INSURANCE COMPANY
<PAGE> PAGE 5
080 C00AA00 33000
081 A00AA00 Y
081 B00AA00 8
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
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.
015 B000101 C
015 C010101 DALLAS
015 C020101 TX
015 C030101 99999
015 E030101 X
028 A010100 827456
028 A020100 1156
028 A030100 0
028 A040100 996305
028 B010100 1830598
028 B020100 2503
028 B030100 0
028 B040100 897379
028 C010100 791066
028 C020100 2259
<PAGE> PAGE 6
028 C030100 0
028 C040100 997208
028 D010100 483097
028 D020100 1748
028 D030100 0
028 D040100 801310
028 E010100 380723
028 E020100 1520
028 E030100 0
028 E040100 379771
028 F010100 355779
028 F020100 1484
028 F030100 0
028 F040100 315560
028 G010100 4668719
028 G020100 10669
028 G030100 0
028 G040100 4387533
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
034 000100 Y
035 000100 1
036 A000100 Y
036 B000100 0
037 000100 N
038 000100 0
039 000100 Y
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 100
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 4211
044 000100 0
045 000100 Y
046 000100 Y
047 000100 Y
048 000100 0.000
048 A010100 250000
<PAGE> PAGE 7
048 A020100 0.250
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 250000
048 K020100 0.200
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 N
053 C000100 N
062 A000100 Y
062 B000100 19.8
062 C000100 0.0
062 D000100 94.9
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 1.6
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 30
063 B000100 0.0
064 A000100 N
066 A000100 N
067 000100 N
<PAGE> PAGE 8
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
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
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 82852
072 C000100 397
072 D000100 0
072 E000100 0
072 F000100 2718
072 G000100 1190
072 H000100 0
<PAGE> PAGE 9
072 I000100 225
072 J000100 100
072 K000100 0
072 L000100 28
072 M000100 25
072 N000100 55
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 14
072 S000100 73
072 T000100 3868
072 U000100 0
072 V000100 0
072 W000100 33
072 X000100 8329
072 Y000100 0
072 Z000100 74920
072AA000100 0
072BB000100 9
072CC010100 0
072CC020100 0
072DD010100 18915
072DD020100 56005
072EE000100 0
073 A010100 0.0267
073 A020100 0.0248
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
074 B000100 2860588
074 C000100 596042
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 48517
074 J000100 0
074 K000100 0
074 L000100 10346
074 M000100 0
074 N000100 3515494
074 O000100 0
074 P000100 642
074 Q000100 0
074 R010100 495588
074 R020100 0
074 R030100 0
074 R040100 5844
074 S000100 0
<PAGE> PAGE 10
074 T000100 3013420
074 U010100 661880
074 U020100 2352620
074 V010100 1.00
074 V020100 1.00
074 W000100 1.0018
074 X000100 9655
074 Y000100 0
075 A000100 3062896
075 B000100 0
076 000100 0.00
008 A000201 NATIONSBANC ADVISORS, INC.
008 B000201 A
008 C000201 801-99999
008 D010201 CHARLOTTE
008 D020201 NC
008 D030201 28255
008 A000202 TRADESTREET INVESTMENT ASSOCIATES, INC.
008 B000202 S
008 C000202 801-99999
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
015 E030201 X
028 A010200 1450442
028 A020200 11766
028 A030200 0
028 A040200 1596860
028 B010200 3459763
028 B020200 14125
028 B030200 0
028 B040200 1407155
028 C010200 1291277
028 C020200 13199
028 C030200 0
028 C040200 1756604
028 D010200 1283236
028 D020200 14177
028 D030200 0
028 D040200 1303696
028 E010200 1105195
028 E020200 14111
028 E030200 0
028 E040200 990591
028 F010200 957759
028 F020200 13782
<PAGE> PAGE 11
028 F030200 0
028 F040200 1070169
028 G010200 9547672
028 G020200 81160
028 G030200 0
028 G040200 8125075
028 H000200 0
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
034 000200 Y
035 000200 18
036 A000200 Y
036 B000200 0
037 000200 N
038 000200 0
039 000200 Y
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 8114
044 000200 0
045 000200 Y
046 000200 Y
047 000200 Y
048 000200 0.000
048 A010200 250000
048 A020200 0.250
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
<PAGE> PAGE 12
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 250000
048 K020200 0.200
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 N
053 C000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.8
062 D000200 5.7
062 E000200 2.4
062 F000200 0.5
062 G000200 6.0
062 H000200 0.0
062 I000200 67.2
062 J000200 4.9
062 K000200 0.0
062 L000200 12.2
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 35
063 B000200 0.0
064 A000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
<PAGE> PAGE 13
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 195658
072 C000200 117
072 D000200 0
072 E000200 0
072 F000200 6425
072 G000200 2738
072 H000200 0
072 I000200 498
072 J000200 184
072 K000200 0
072 L000200 63
072 M000200 56
072 N000200 162
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 16
072 S000200 51
072 T000200 7188
<PAGE> PAGE 14
072 U000200 0
072 V000200 0
072 W000200 86
072 X000200 17467
072 Y000200 0
072 Z000200 178308
072AA000200 17
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 74576
072DD020200 103733
072EE000200 0
073 A010200 0.0272
073 A020200 0.0254
073 B000200 0.0000
073 C000200 0.0000
074 A000200 42
074 B000200 400000
074 C000200 6388429
074 D000200 174200
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 118719
074 J000200 0
074 K000200 0
074 L000200 43286
074 M000200 0
074 N000200 7124676
074 O000200 0
074 P000200 1587
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 18447
074 S000200 0
074 T000200 7104642
074 U010200 2622176
074 U020200 4483545
074 V010200 1.00
074 V020200 1.00
074 W000200 0.9990
074 X000200 178185
074 Y000200 0
075 A000200 6826191
075 B000200 0
076 000200 0.00
028 A010300 0
<PAGE> PAGE 15
028 A020300 0
028 A030300 0
028 A040300 0
028 B010300 0
028 B020300 0
028 B030300 0
028 B040300 0
028 C010300 0
028 C020300 0
028 C030300 0
028 C040300 0
028 D010300 0
028 D020300 0
028 D030300 0
028 D040300 0
028 E010300 0
028 E020300 0
028 E030300 0
028 E040300 0
028 F010300 0
028 F020300 0
028 F030300 0
028 F040300 0
028 G010300 0
028 G020300 0
028 G030300 0
028 G040300 0
028 H000300 0
008 A000701 NATIONSBANC ADVISORS INC.
008 B000701 A
008 C000701 801-99999
008 D010701 CHARLOTTE
008 D020701 NC
008 D030701 28255
008 A000702 TRADESTREET INVESTMENT ASSOCIATES, INC.
008 B000702 S
008 C000702 801-99999
008 D010702 CHARLOTTE
008 D020702 NC
008 D030702 28255
015 A000701 NATIONSBANK OF TEXAS, N.A.
015 B000701 C
015 C010701 DALLAS
015 C020701 TX
015 C030701 99999
015 E030701 X
028 A010700 62952
028 A020700 19482
028 A030700 0
028 A040700 25771
028 B010700 11987
<PAGE> PAGE 16
028 B020700 287
028 B030700 0
028 B040700 15810
028 C010700 10567
028 C020700 326
028 C030700 0
028 C040700 25576
028 D010700 11602
028 D020700 107
028 D030700 0
028 D040700 22126
028 E010700 18268
028 E020700 399
028 E030700 0
028 E040700 26686
028 F010700 3587
028 F020700 305
028 F030700 0
028 F040700 36867
028 G010700 118963
028 G020700 20906
028 G030700 0
028 G040700 152836
028 H000700 0
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
034 000700 Y
035 000700 97
036 A000700 Y
036 B000700 0
037 000700 N
038 000700 0
039 000700 Y
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 100
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 789
044 000700 0
<PAGE> PAGE 17
045 000700 Y
046 000700 Y
047 000700 Y
048 000700 0.000
048 A010700 100000
048 A020700 0.750
048 B010700 150000
048 B020700 0.700
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 250000
048 K020700 0.600
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
<PAGE> PAGE 18
066 A000700 Y
066 F000700 Y
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 Y
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 312792
071 B000700 385200
071 C000700 995103
071 D000700 31
072 A000700 6
072 B000700 1435
072 C000700 13324
072 D000700 0
072 E000700 16
<PAGE> PAGE 19
072 F000700 3251
072 G000700 517
072 H000700 0
072 I000700 271
072 J000700 45
072 K000700 0
072 L000700 15
072 M000700 9
072 N000700 59
072 O000700 0
072 P000700 7
072 Q000700 0
072 R000700 14
072 S000700 37
072 T000700 789
072 U000700 0
072 V000700 0
072 W000700 10
072 X000700 5024
072 Y000700 2
072 Z000700 9753
072AA000700 33902
072BB000700 0
072CC010700 0
072CC020700 245799
072DD010700 8355
072DD020700 1348
072EE000700 69070
073 A010700 0.1200
073 A020700 0.1100
073 B000700 0.8500
073 C000700 0.0000
074 A000700 1
074 B000700 0
074 C000700 0
074 D000700 20212
074 E000700 32733
074 F000700 800746
074 G000700 0
074 H000700 0
074 I000700 8053
074 J000700 0
074 K000700 0
074 L000700 2953
074 M000700 0
074 N000700 864698
074 O000700 0
074 P000700 526
074 Q000700 0
074 R010700 0
074 R020700 0
<PAGE> PAGE 20
074 R030700 0
074 R040700 5778
074 S000700 0
074 T000700 858394
074 U010700 64748
074 U020700 16329
074 V010700 10.60
074 V020700 10.55
074 W000700 0.0000
074 X000700 18839
074 Y000700 0
075 A000700 1030716
075 B000700 0
076 000700 0.00
008 A000901 NATIONSBANC ADVISORS INC.
008 B000901 A
008 C000901 801-99999
008 D010901 CHARLOTTE
008 D020901 NC
008 D030901 28255
008 A000902 TRADESTREET INVESTMENT ASSOCIATES, INC.
008 B000902 S
008 C000902 801-99999
008 D010902 CHARLOTTE
008 D020902 NC
008 D030902 28255
015 A000901 NATIONSBANK OF TEXAS, N.A.
015 B000901 C
015 C010901 DALLAS
015 C020901 TX
015 C030901 99999
015 E030901 X
028 A010900 7522
028 A020900 98
028 A030900 0
028 A040900 2314
028 B010900 65246
028 B020900 159
028 B030900 0
028 B040900 6743
028 C010900 3019
028 C020900 186
028 C030900 0
028 C040900 10474
028 D010900 2918
028 D020900 184
028 D030900 0
028 D040900 6549
028 E010900 1860
028 E020900 179
028 E030900 0
<PAGE> PAGE 21
028 E040900 5698
028 F010900 2507
028 F020900 176
028 F030900 0
028 F040900 2786
028 G010900 83072
028 G020900 979
028 G030900 0
028 G040900 34564
028 H000900 0
029 000900 N
030 A000900 0
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 32
036 A000900 Y
036 B000900 0
037 000900 Y
038 000900 0
039 000900 Y
040 000900 Y
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 0
042 D000900 100
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 187
044 000900 0
045 000900 Y
046 000900 Y
047 000900 Y
048 000900 0.000
048 A010900 100000
048 A020900 0.650
048 B010900 150000
048 B020900 0.550
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
<PAGE> PAGE 22
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 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.9
062 M000900 0.0
062 N000900 10.4
062 O000900 5.4
062 P000900 0.0
062 Q000900 90.6
062 R000900 0.0
063 A000900 0
063 B000900 23.0
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 N
070 B010900 N
070 B020900 N
070 C010900 Y
<PAGE> PAGE 23
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 Y
070 O010900 Y
070 O020900 Y
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 654754
071 B000900 609365
071 C000900 156917
071 D000900 388
072 A000900 6
072 B000900 5093
072 C000900 172
072 D000900 0
072 E000900 0
072 F000900 408
072 G000900 58
072 H000900 0
072 I000900 37
072 J000900 15
072 K000900 0
072 L000900 2
072 M000900 1
072 N000900 30
072 O000900 0
072 P000900 0
<PAGE> PAGE 24
072 Q000900 0
072 R000900 14
072 S000900 4
072 T000900 187
072 U000900 0
072 V000900 0
072 W000900 6
072 X000900 762
072 Y000900 5
072 Z000900 4508
072AA000900 3951
072BB000900 0
072CC010900 3011
072CC020900 0
072DD010900 3180
072DD020900 1328
072EE000900 0
073 A010900 0.2900
073 A020900 0.2700
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 0
074 C000900 0
074 D000900 167738
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 1574
074 J000900 126
074 K000900 0
074 L000900 51949
074 M000900 24
074 N000900 221411
074 O000900 45265
074 P000900 85
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 1254
074 S000900 0
074 T000900 174807
074 U010900 119903
074 U020900 5325
074 V010900 10.31
074 V020900 10.31
074 W000900 0.0000
074 X000900 3140
074 Y000900 0
<PAGE> PAGE 25
075 A000900 162914
075 B000900 0
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 5874
028 A021100 816
028 A031100 0
028 A041100 22205
028 B011100 8764
028 B021100 0
028 B031100 0
028 B041100 16277
028 C011100 7788
028 C021100 2287
028 C031100 0
028 C041100 25066
028 D011100 60967
028 D021100 -1199
028 D031100 0
028 D041100 90476
028 E011100 41980
028 E021100 0
028 E031100 0
028 E041100 22261
028 F011100 11920
028 F021100 0
028 F031100 0
028 F041100 32927
028 G011100 137293
028 G021100 1904
028 G031100 0
028 G041100 209212
028 H001100 0
029 001100 N
<PAGE> PAGE 26
030 A001100 0
030 B001100 0.00
030 C001100 0.00
031 A001100 0
031 B001100 0
032 001100 0
033 001100 0
034 001100 Y
035 001100 36
036 A001100 Y
036 B001100 0
037 001100 Y
038 001100 0
039 001100 Y
040 001100 Y
041 001100 Y
042 A001100 0
042 B001100 0
042 C001100 0
042 D001100 100
042 E001100 0
042 F001100 0
042 G001100 0
042 H001100 0
043 001100 184
044 001100 0
045 001100 Y
046 001100 Y
047 001100 Y
048 001100 0.900
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
<PAGE> PAGE 27
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
066 A001100 Y
066 D001100 Y
067 001100 N
068 A001100 N
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
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
<PAGE> PAGE 28
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 Y
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 585520
071 B001100 685614
071 C001100 819572
071 D001100 71
072 A001100 6
072 B001100 1258
072 C001100 9941
072 D001100 0
072 E001100 685
072 F001100 3967
072 G001100 440
072 H001100 0
072 I001100 217
072 J001100 204
072 K001100 0
072 L001100 31
072 M001100 8
072 N001100 31
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 17
072 S001100 22
072 T001100 184
072 U001100 0
072 V001100 0
072 W001100 14
072 X001100 5135
072 Y001100 0
072 Z001100 6749
072AA001100 72320
072BB001100 0
072CC011100 0
<PAGE> PAGE 29
072CC021100 186398
072DD011100 6816
072DD021100 299
072EE001100 2000
073 A011100 0.1200
073 A021100 0.1100
073 B001100 0.0300
073 C001100 0.0000
074 A001100 77692
074 B001100 0
074 C001100 0
074 D001100 3510
074 E001100 9494
074 F001100 662799
074 G001100 0
074 H001100 0
074 I001100 104595
074 J001100 49130
074 K001100 0
074 L001100 24833
074 M001100 1389
074 N001100 933442
074 O001100 46838
074 P001100 633
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 138593
074 S001100 0
074 T001100 747378
074 U011100 55269
074 U021100 3001
074 V011100 12.84
074 V021100 12.73
074 W001100 0.0000
074 X001100 5038
074 Y001100 1650
075 A001100 879133
075 B001100 0
076 001100 0.00
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
008 C001202 801-999999
008 D011202 CHARLOTTE
<PAGE> PAGE 30
008 D021202 NC
008 D031202 28255
015 A001201 BANK OF NEW YORK
015 B001201 C
015 C011201 NEW YORK
015 C021201 NY
015 C031201 10015
015 E011201 X
028 A011200 13475
028 A021200 0
028 A031200 0
028 A041200 56484
028 B011200 2239
028 B021200 0
028 B031200 0
028 B041200 8892
028 C011200 7714
028 C021200 0
028 C031200 0
028 C041200 10834
028 D011200 6291
028 D021200 0
028 D031200 0
028 D041200 85848
028 E011200 4328
028 E021200 0
028 E031200 0
028 E041200 12594
028 F011200 4038
028 F021200 0
028 F031200 0
028 F041200 6466
028 G011200 38085
028 G021200 0
028 G031200 0
028 G041200 181118
028 H001200 0
029 001200 N
030 A001200 0
030 B001200 0.00
030 C001200 0.00
031 A001200 0
031 B001200 0
032 001200 0
033 001200 0
034 001200 Y
035 001200 1
036 A001200 Y
036 B001200 0
037 001200 Y
038 001200 0
<PAGE> PAGE 31
039 001200 Y
040 001200 Y
041 001200 Y
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 100
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 35
044 001200 0
045 001200 Y
046 001200 Y
047 001200 Y
048 001200 0.900
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 N
053 C001200 N
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
<PAGE> PAGE 32
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
063 A001200 0
063 B001200 0.0
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 Y
070 O011200 Y
070 O021200 N
070 P011200 N
<PAGE> PAGE 33
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 18461
071 B001200 204157
071 C001200 319958
071 D001200 6
072 A001200 6
072 B001200 831
072 C001200 1943
072 D001200 0
072 E001200 532
072 F001200 1364
072 G001200 165
072 H001200 0
072 I001200 87
072 J001200 110
072 K001200 0
072 L001200 25
072 M001200 3
072 N001200 32
072 O001200 0
072 P001200 6
072 Q001200 0
072 R001200 17
072 S001200 9
072 T001200 35
072 U001200 0
072 V001200 0
072 W001200 56
072 X001200 1903
072 Y001200 0
072 Z001200 1403
072AA001200 54541
072BB001200 0
072CC011200 0
072CC021200 85849
072DD011200 0
072DD021200 0
072EE001200 15845
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.7300
073 C001200 0.0000
074 A001200 25493
074 B001200 0
074 C001200 0
074 D001200 485
074 E001200 5684
<PAGE> PAGE 34
074 F001200 195378
074 G001200 0
074 H001200 0
074 I001200 23758
074 J001200 13346
074 K001200 0
074 L001200 1112
074 M001200 358
074 N001200 265614
074 O001200 4102
074 P001200 180
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 23993
074 S001200 0
074 T001200 237339
074 U011200 13125
074 U021200 1320
074 V011200 16.45
074 V021200 16.25
074 W001200 0.0000
074 X001200 1140
074 Y001200 395
075 A001200 328043
075 B001200 0
076 001200 0.00
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.
008 B001302 S
008 C001302 801-999999
008 D011302 CHARLOTTE
008 D021302 NC
008 D031302 28255
015 A001301 NATIONSBANK OF TEXAS, N.A.
015 B001301 C
015 C011301 DALLAS
015 C021301 TX
015 C031301 99999
015 E031301 X
028 A011300 42197
028 A021300 6494
028 A031300 0
028 A041300 12203
028 B011300 181258
<PAGE> PAGE 35
028 B021300 0
028 B031300 0
028 B041300 13097
028 C011300 57864
028 C021300 0
028 C031300 0
028 C041300 22304
028 D011300 24148
028 D021300 0
028 D031300 0
028 D041300 20083
028 E011300 22026
028 E021300 0
028 E031300 0
028 E041300 27607
028 F011300 17491
028 F021300 0
028 F031300 0
028 F041300 23152
028 G011300 344984
028 G021300 6494
028 G031300 0
028 G041300 118446
028 H001300 0
029 001300 N
030 A001300 0
030 B001300 0.00
030 C001300 0.00
031 A001300 0
031 B001300 0
032 001300 0
033 001300 0
034 001300 Y
035 001300 19
036 A001300 Y
036 B001300 0
037 001300 Y
038 001300 0
039 001300 Y
040 001300 Y
041 001300 Y
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 100
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 0
043 001300 52
044 001300 0
<PAGE> PAGE 36
045 001300 Y
046 001300 Y
047 001300 Y
048 001300 0.000
048 A011300 250000
048 A021300 0.250
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 250000
048 K021300 0.200
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 N
053 C001300 N
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
<PAGE> PAGE 37
063 A001300 0
063 B001300 0.0
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 N
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 Y
070 N021300 Y
070 O011300 Y
070 O021300 Y
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 383006
071 B001300 158121
071 C001300 346315
071 D001300 46
072 A001300 6
072 B001300 414
072 C001300 600
072 D001300 0
<PAGE> PAGE 38
072 E001300 112
072 F001300 1431
072 G001300 193
072 H001300 0
072 I001300 86
072 J001300 19
072 K001300 0
072 L001300 17
072 M001300 3
072 N001300 66
072 O001300 0
072 P001300 5
072 Q001300 0
072 R001300 8
072 S001300 9
072 T001300 52
072 U001300 0
072 V001300 0
072 W001300 8
072 X001300 1897
072 Y001300 0
072 Z001300 -771
072AA001300 8120
072BB001300 0
072CC011300 0
072CC021300 156945
072DD011300 0
072DD021300 0
072EE001300 11344
073 A011300 0.0000
073 A021300 0.0000
073 B001300 0.7400
073 C001300 0.0000
074 A001300 0
074 B001300 0
074 C001300 0
074 D001300 0
074 E001300 0
074 F001300 332103
074 G001300 0
074 H001300 0
074 I001300 17164
074 J001300 693
074 K001300 0
074 L001300 265
074 M001300 0
074 N001300 350225
074 O001300 6970
074 P001300 243
074 Q001300 0
074 R011300 0
<PAGE> PAGE 39
074 R021300 0
074 R031300 0
074 R041300 1043
074 S001300 0
074 T001300 341969
074 U011300 30602
074 U021300 1994
074 V011300 10.50
074 V021300 10.44
074 W001300 0.0000
074 X001300 2952
074 Y001300 0
075 A001300 385536
075 B001300 0
076 001300 0.00
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
008 B001402 S
008 C001402 801-999999
008 D011402 CHARLOTTE
008 D021402 NC
008 D031402 28255
015 A001401 NATIONSBANK OF TEXAS, N.A.
015 B001401 C
015 C011401 DALLAS
015 C021401 TX
015 C031401 99999
015 E031401 X
028 A011400 4045
028 A021400 565
028 A031400 0
028 A041400 2242
028 B011400 2608
028 B021400 607
028 B031400 0
028 B041400 2658
028 C011400 1148
028 C021400 579
028 C031400 0
028 C041400 8748
028 D011400 1153
028 D021400 593
028 D031400 0
028 D041400 4729
028 E011400 1206
028 E021400 211
<PAGE> PAGE 40
028 E031400 0
028 E041400 136610
028 F011400 2044
028 F021400 35
028 F031400 0
028 F041400 2302
028 G011400 12204
028 G021400 2590
028 G031400 0
028 G041400 157289
028 H001400 0
029 001400 N
030 A001400 0
030 B001400 0.00
030 C001400 0.00
031 A001400 0
031 B001400 0
032 001400 0
033 001400 0
034 001400 Y
035 001400 5
036 A001400 Y
036 B001400 0
037 001400 Y
038 001400 0
039 001400 Y
040 001400 Y
041 001400 Y
042 A001400 0
042 B001400 0
042 C001400 0
042 D001400 100
042 E001400 0
042 F001400 0
042 G001400 0
042 H001400 0
043 001400 19
044 001400 0
045 001400 Y
046 001400 Y
047 001400 Y
048 001400 0.000
048 A011400 250000
048 A021400 0.250
048 B011400 0
048 B021400 0.000
048 C011400 0
048 C021400 0.000
048 D011400 0
048 D021400 0.000
048 E011400 0
<PAGE> PAGE 41
048 E021400 0.000
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 250000
048 K021400 0.200
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 N
053 C001400 N
062 A001400 Y
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 4.8
062 M001400 31.8
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 65.9
062 R001400 0.0
063 A001400 0
063 B001400 13.1
064 A001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 N
<PAGE> PAGE 42
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
070 K021400 N
070 L011400 N
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 Y
070 O011400 Y
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 441134
071 B001400 570340
071 C001400 218665
071 D001400 202
072 A001400 6
072 B001400 6335
072 C001400 116
072 D001400 0
072 E001400 24
072 F001400 425
072 G001400 113
072 H001400 0
072 I001400 60
072 J001400 13
072 K001400 0
072 L001400 12
072 M001400 2
072 N001400 28
072 O001400 0
072 P001400 0
<PAGE> PAGE 43
072 Q001400 0
072 R001400 15
072 S001400 6
072 T001400 18
072 U001400 1
072 V001400 0
072 W001400 2
072 X001400 695
072 Y001400 0
072 Z001400 5780
072AA001400 1812
072BB001400 0
072CC011400 6844
072CC021400 0
072DD011400 5656
072DD021400 127
072EE001400 5202
073 A011400 0.2600
073 A021400 0.2500
073 B001400 0.2000
073 C001400 0.0000
074 A001400 0
074 B001400 0
074 C001400 0
074 D001400 125781
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 6114
074 J001400 0
074 K001400 0
074 L001400 2134
074 M001400 16
074 N001400 134045
074 O001400 0
074 P001400 43
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 5356
074 S001400 0
074 T001400 128646
074 U011400 11388
074 U021400 666
074 V011400 10.67
074 V021400 10.67
074 W001400 0.0000
074 X001400 1012
074 Y001400 0
<PAGE> PAGE 44
075 A001400 225839
075 B001400 0
076 001400 0.00
028 A011500 0
028 A021500 0
028 A031500 0
028 A041500 0
028 B011500 129845
028 B021500 4102
028 B031500 0
028 B041500 21724
028 C011500 13121
028 C021500 0
028 C031500 0
028 C041500 3312
028 D011500 17014
028 D021500 0
028 D031500 0
028 D041500 2777
028 E011500 3428
028 E021500 0
028 E031500 0
028 E041500 2184
028 F011500 3899
028 F021500 0
028 F031500 0
028 F041500 2806
028 G011500 167307
028 G021500 4102
028 G031500 0
028 G041500 32803
028 H001500 0
029 001500 N
030 A001500 0
030 B001500 0.00
030 C001500 0.00
031 A001500 0
031 B001500 0
032 001500 0
033 001500 0
034 001500 Y
035 001500 2
036 A001500 Y
036 B001500 0
037 001500 Y
038 001500 0
039 001500 Y
040 001500 Y
041 001500 Y
042 A001500 0
042 B001500 0
<PAGE> PAGE 45
042 C001500 0
042 D001500 100
042 E001500 0
042 F001500 0
042 G001500 0
042 H001500 0
043 001500 9
044 001500 0
045 001500 Y
046 001500 Y
047 001500 Y
048 001500 0.600
048 A011500 0
048 A021500 0.000
048 B011500 0
048 B021500 0.000
048 C011500 0
048 C021500 0.000
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 0
048 K021500 0.000
049 001500 N
050 001500 N
051 001500 N
052 001500 N
053 A001500 Y
062 A001500 N
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
<PAGE> PAGE 46
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
063 A001500 0
063 B001500 0.0
066 A001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 N
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 N
070 L021500 Y
070 M011500 N
070 M021500 Y
070 N011500 Y
070 N021500 Y
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500 156255
071 B001500 21163
<PAGE> PAGE 47
071 C001500 98390
071 D001500 22
072 A001500 6
072 B001500 127
072 C001500 1343
072 D001500 0
072 E001500 77
072 F001500 429
072 G001500 47
072 H001500 0
072 I001500 23
072 J001500 44
072 K001500 0
072 L001500 19
072 M001500 1
072 N001500 26
072 O001500 0
072 P001500 0
072 Q001500 0
072 R001500 13
072 S001500 2
072 T001500 9
072 U001500 0
072 V001500 0
072 W001500 3
072 X001500 616
072 Y001500 0
072 Z001500 931
072AA001500 2996
072BB001500 0
072CC011500 0
072CC021500 32628
072DD011500 0
072DD021500 0
072EE001500 5806
073 A011500 0.0000
073 A021500 0.0000
073 B001500 0.7200
073 C001500 0.0000
074 A001500 1
074 B001500 0
074 C001500 0
074 D001500 0
074 E001500 0
074 F001500 114638
074 G001500 0
074 H001500 0
074 I001500 26268
074 J001500 0
074 K001500 0
074 L001500 2057
<PAGE> PAGE 48
074 M001500 662
074 N001500 143626
074 O001500 0
074 P001500 465
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 23564
074 S001500 0
074 T001500 119597
074 U011500 9452
074 U021500 654
074 V011500 11.83
074 V021500 11.83
074 W001500 0.0000
074 X001500 1860
074 Y001500 0
075 A001500 126842
075 B001500 0
076 001500 0.00
SIGNATURE JOSEPH VISELLI
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>073
<NAME>Nations Equity Income Fund In-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 870,500,898
<INVESTMENTS-AT-VALUE> 861,744,327
<RECEIVABLES> 2,952,794
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 895
<TOTAL-ASSETS> 864,698,016
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,304,046
<TOTAL-LIABILITIES> 6,304,046
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,503,746
<SHARES-COMMON-STOCK> 4,997,958
<SHARES-COMMON-PRIOR> 4,895,379
<ACCUMULATED-NII-CURRENT> 383,836
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,983,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,756,571)
<NET-ASSETS> 52,743,253
<DIVIDEND-INCOME> 13,323,706
<INTEREST-INCOME> 1,435,520
<OTHER-INCOME> 15,521
<EXPENSES-NET> 5,022,078
<NET-INVESTMENT-INCOME> 9,752,669
<REALIZED-GAINS-CURRENT> 33,902,046
<APPREC-INCREASE-CURRENT> (245,799,468)
<NET-CHANGE-FROM-OPS> (202,143,753)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (558,897)
<DISTRIBUTIONS-OF-GAINS> (4,177,192)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 633,110
<NUMBER-OF-SHARES-REDEEMED> (869,505)
<SHARES-REINVESTED> 338,974
<NET-CHANGE-IN-ASSETS> (280,518,562)
<ACCUMULATED-NII-PRIOR> 334,658
<ACCUMULATED-GAINS-PRIOR> 68,150,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,251,030
<INTEREST-EXPENSE> 7,168
<GROSS-EXPENSE> 5,024,442
<AVERAGE-NET-ASSETS> 62,121,022
<PER-SHARE-NAV-BEGIN> 13.89
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> (2.49)
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.55
<EXPENSE-RATIO> 1.07
<AVG-DEBT-OUTSTANDING> 240,874
<AVG-DEBT-PER-SHARE> 0.0029
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>074
<NAME>Nations Equity Income Fund In-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 870,500,898
<INVESTMENTS-AT-VALUE> 861,744,327
<RECEIVABLES> 2,952,794
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 895
<TOTAL-ASSETS> 864,698,016
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,304,046
<TOTAL-LIABILITIES> 6,304,046
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,666,363
<SHARES-COMMON-STOCK> 10,711,330
<SHARES-COMMON-PRIOR> 10,446,734
<ACCUMULATED-NII-CURRENT> 383,836
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,983,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,756,571)
<NET-ASSETS> 112,844,077
<DIVIDEND-INCOME> 13,323,706
<INTEREST-INCOME> 1,435,520
<OTHER-INCOME> 15,521
<EXPENSES-NET> 5,022,078
<NET-INVESTMENT-INCOME> 9,752,669
<REALIZED-GAINS-CURRENT> 33,902,046
<APPREC-INCREASE-CURRENT> (245,799,468)
<NET-CHANGE-FROM-OPS> (202,143,753)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (741,038)
<DISTRIBUTIONS-OF-GAINS> (8,874,503)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 779,221
<NUMBER-OF-SHARES-REDEEMED> (1,236,884)
<SHARES-REINVESTED> 722,259
<NET-CHANGE-IN-ASSETS> (280,518,562)
<ACCUMULATED-NII-PRIOR> 334,658
<ACCUMULATED-GAINS-PRIOR> 68,150,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,251,030
<INTEREST-EXPENSE> 7,168
<GROSS-EXPENSE> 5,024,442
<AVERAGE-NET-ASSETS> 133,463,889
<PER-SHARE-NAV-BEGIN> 13.87
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> (2.47)
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.54
<EXPENSE-RATIO> 1.82
<AVG-DEBT-OUTSTANDING> 240,874
<AVG-DEBT-PER-SHARE> 0.0029
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>075
<NAME>Nations Equity Income Fund In-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 870,500,898
<INVESTMENTS-AT-VALUE> 861,744,327
<RECEIVABLES> 2,952,794
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 895
<TOTAL-ASSETS> 864,698,016
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,304,046
<TOTAL-LIABILITIES> 6,304,046
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,989,711
<SHARES-COMMON-STOCK> 619,867
<SHARES-COMMON-PRIOR> 738,388
<ACCUMULATED-NII-CURRENT> 383,836
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,983,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,756,571)
<NET-ASSETS> 6,604,573
<DIVIDEND-INCOME> 13,323,706
<INTEREST-INCOME> 1,435,520
<OTHER-INCOME> 15,521
<EXPENSES-NET> 5,022,078
<NET-INVESTMENT-INCOME> 9,752,669
<REALIZED-GAINS-CURRENT> 33,902,046
<APPREC-INCREASE-CURRENT> (245,799,468)
<NET-CHANGE-FROM-OPS> (202,143,753)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (48,447)
<DISTRIBUTIONS-OF-GAINS> (615,580)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,707
<NUMBER-OF-SHARES-REDEEMED> (191,033)
<SHARES-REINVESTED> 50,805
<NET-CHANGE-IN-ASSETS> (280,518,562)
<ACCUMULATED-NII-PRIOR> 334,658
<ACCUMULATED-GAINS-PRIOR> 68,150,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,251,030
<INTEREST-EXPENSE> 7,168
<GROSS-EXPENSE> 5,024,442
<AVERAGE-NET-ASSETS> 8,422,375
<PER-SHARE-NAV-BEGIN> 14.01
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> (2.50)
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.65
<EXPENSE-RATIO> 1.82
<AVG-DEBT-OUTSTANDING> 240,874
<AVG-DEBT-PER-SHARE> 0.0029
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>071
<NAME>Nations Equity Income Fund Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 870,500,898
<INVESTMENTS-AT-VALUE> 861,744,327
<RECEIVABLES> 2,952,794
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 895
<TOTAL-ASSETS> 864,698,016
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,304,046
<TOTAL-LIABILITIES> 6,304,046
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 638,960,867
<SHARES-COMMON-STOCK> 64,748,343
<SHARES-COMMON-PRIOR> 65,661,525
<ACCUMULATED-NII-CURRENT> 383,836
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,983,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,756,571)
<NET-ASSETS> 686,202,054
<DIVIDEND-INCOME> 13,323,706
<INTEREST-INCOME> 1,435,520
<OTHER-INCOME> 15,521
<EXPENSES-NET> 5,022,078
<NET-INVESTMENT-INCOME> 9,752,669
<REALIZED-GAINS-CURRENT> 33,902,046
<APPREC-INCREASE-CURRENT> (245,799,468)
<NET-CHANGE-FROM-OPS> (202,143,753)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,355,109)
<DISTRIBUTIONS-OF-GAINS> (55,402,043)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,214,404
<NUMBER-OF-SHARES-REDEEMED> (10,635,141)
<SHARES-REINVESTED> 507,555
<NET-CHANGE-IN-ASSETS> (280,518,562)
<ACCUMULATED-NII-PRIOR> 334,658
<ACCUMULATED-GAINS-PRIOR> 68,150,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,251,030
<INTEREST-EXPENSE> 7,168
<GROSS-EXPENSE> 5,024,442
<AVERAGE-NET-ASSETS> 826,708,883
<PER-SHARE-NAV-BEGIN> 13.94
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> (2.49)
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.60
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 240,874
<AVG-DEBT-PER-SHARE> 0.0029
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>072
<NAME>Nations Equity Income Fund Pr-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 870,500,898
<INVESTMENTS-AT-VALUE> 861,744,327
<RECEIVABLES> 2,952,794
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 895
<TOTAL-ASSETS> 864,698,016
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,304,046
<TOTAL-LIABILITIES> 6,304,046
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (337,132)
<SHARES-COMMON-STOCK> 1
<SHARES-COMMON-PRIOR> 1
<ACCUMULATED-NII-CURRENT> 383,836
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,983,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,756,571)
<NET-ASSETS> 13
<DIVIDEND-INCOME> 13,323,706
<INTEREST-INCOME> 1,435,520
<OTHER-INCOME> 15,521
<EXPENSES-NET> 5,022,078
<NET-INVESTMENT-INCOME> 9,752,669
<REALIZED-GAINS-CURRENT> 33,902,046
<APPREC-INCREASE-CURRENT> (245,799,468)
<NET-CHANGE-FROM-OPS> (202,143,753)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (280,518,562)
<ACCUMULATED-NII-PRIOR> 334,658
<ACCUMULATED-GAINS-PRIOR> 68,150,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,251,030
<INTEREST-EXPENSE> 7,168
<GROSS-EXPENSE> 5,024,442
<AVERAGE-NET-ASSETS> 14
<PER-SHARE-NAV-BEGIN> 13.94
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> (2.59)
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.50
<EXPENSE-RATIO> 1.32
<AVG-DEBT-OUTSTANDING> 240,874
<AVG-DEBT-PER-SHARE> 0.0029
</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-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,892,771
<INVESTMENTS-AT-VALUE> 169,311,940
<RECEIVABLES> 52,075,374
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 24,119
<TOTAL-ASSETS> 221,411,433
<PAYABLE-FOR-SECURITIES> 45,265,521
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,339,176
<TOTAL-LIABILITIES> 46,604,697
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,243,271
<SHARES-COMMON-STOCK> 2,167,616
<SHARES-COMMON-PRIOR> 859,220
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (340,489)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,998,292)
<ACCUM-APPREC-OR-DEPREC> 4,419,169
<NET-ASSETS> 22,349,464
<DIVIDEND-INCOME> 172,184
<INTEREST-INCOME> 5,093,639
<OTHER-INCOME> 0
<EXPENSES-NET> 757,388
<NET-INVESTMENT-INCOME> 4,508,435
<REALIZED-GAINS-CURRENT> 3,950,867
<APPREC-INCREASE-CURRENT> 3,011,780
<NET-CHANGE-FROM-OPS> 11,470,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (538,751)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,086,008
<NUMBER-OF-SHARES-REDEEMED> (806,722)
<SHARES-REINVESTED> 29,110
<NET-CHANGE-IN-ASSETS> 57,375,096
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (340,498)
<OVERDIST-NET-GAINS-PRIOR> (7,949,159)
<GROSS-ADVISORY-FEES> 499,378
<INTEREST-EXPENSE> 261
<GROSS-EXPENSE> 877,257
<AVERAGE-NET-ASSETS> 19,518,785
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.41
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 0.98
<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-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,892,771
<INVESTMENTS-AT-VALUE> 169,311,940
<RECEIVABLES> 52,075,374
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 24,119
<TOTAL-ASSETS> 221,411,433
<PAYABLE-FOR-SECURITIES> 45,265,521
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,339,176
<TOTAL-LIABILITIES> 46,604,697
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,249,726
<SHARES-COMMON-STOCK> 3,133,145
<SHARES-COMMON-PRIOR> 3,270,649
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (340,489)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,998,292)
<ACCUM-APPREC-OR-DEPREC> 4,419,169
<NET-ASSETS> 32,304,951
<DIVIDEND-INCOME> 172,184
<INTEREST-INCOME> 5,093,639
<OTHER-INCOME> 0
<EXPENSES-NET> 757,388
<NET-INVESTMENT-INCOME> 4,508,435
<REALIZED-GAINS-CURRENT> 3,950,867
<APPREC-INCREASE-CURRENT> 3,011,780
<NET-CHANGE-FROM-OPS> 11,470,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (758,425)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 127,741
<NUMBER-OF-SHARES-REDEEMED> (312,864)
<SHARES-REINVESTED> 47,619
<NET-CHANGE-IN-ASSETS> 57,375,096
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (340,498)
<OVERDIST-NET-GAINS-PRIOR> (7,949,159)
<GROSS-ADVISORY-FEES> 499,378
<INTEREST-EXPENSE> 261
<GROSS-EXPENSE> 877,257
<AVERAGE-NET-ASSETS> 32,033,211
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 0.41
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 1.58
<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> 095
<NAME>Nations Fund Govt Securities Inv-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,892,771
<INVESTMENTS-AT-VALUE> 169,311,940
<RECEIVABLES> 52,075,374
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 24,119
<TOTAL-ASSETS> 221,411,433
<PAYABLE-FOR-SECURITIES> 45,265,521
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,339,176
<TOTAL-LIABILITIES> 46,604,697
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 691,968
<SHARES-COMMON-STOCK> 24,209
<SHARES-COMMON-PRIOR> 74,216
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (340,489)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,998,292)
<ACCUM-APPREC-OR-DEPREC> 4,419,169
<NET-ASSETS> 249,637
<DIVIDEND-INCOME> 172,184
<INTEREST-INCOME> 5,093,639
<OTHER-INCOME> 0
<EXPENSES-NET> 757,388
<NET-INVESTMENT-INCOME> 4,508,435
<REALIZED-GAINS-CURRENT> 3,950,867
<APPREC-INCREASE-CURRENT> 3,011,780
<NET-CHANGE-FROM-OPS> 11,470,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (31,562)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 42
<NUMBER-OF-SHARES-REDEEMED> (50,911)
<SHARES-REINVESTED> 862
<NET-CHANGE-IN-ASSETS> 57,375,096
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (340,498)
<OVERDIST-NET-GAINS-PRIOR> (7,949,159)
<GROSS-ADVISORY-FEES> 499,378
<INTEREST-EXPENSE> 261
<GROSS-EXPENSE> 877,257
<AVERAGE-NET-ASSETS> 430,525
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 0.41
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 1.58
<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> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,892,771
<INVESTMENTS-AT-VALUE> 169,311,940
<RECEIVABLES> 52,075,374
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 24,119
<TOTAL-ASSETS> 221,411,433
<PAYABLE-FOR-SECURITIES> 45,265,521
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,339,176
<TOTAL-LIABILITIES> 46,604,697
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116,554,225
<SHARES-COMMON-STOCK> 11,628,854
<SHARES-COMMON-PRIOR> 7,653,532
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (340,489)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,998,292)
<ACCUM-APPREC-OR-DEPREC> 4,419,169
<NET-ASSETS> 119,902,673
<DIVIDEND-INCOME> 172,184
<INTEREST-INCOME> 5,093,639
<OTHER-INCOME> 0
<EXPENSES-NET> 757,388
<NET-INVESTMENT-INCOME> 4,508,435
<REALIZED-GAINS-CURRENT> 3,950,867
<APPREC-INCREASE-CURRENT> 3,011,780
<NET-CHANGE-FROM-OPS> 11,470,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,179,688)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,230,542
<NUMBER-OF-SHARES-REDEEMED> (2,275,740)
<SHARES-REINVESTED> 20,520
<NET-CHANGE-IN-ASSETS> 57,375,096
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (340,498)
<OVERDIST-NET-GAINS-PRIOR> (7,949,159)
<GROSS-ADVISORY-FEES> 499,378
<INTEREST-EXPENSE> 261
<GROSS-EXPENSE> 877,257
<AVERAGE-NET-ASSETS> 110,931,487
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.41
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 0.73
<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-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,892,771
<INVESTMENTS-AT-VALUE> 169,311,940
<RECEIVABLES> 52,075,374
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 24,119
<TOTAL-ASSETS> 221,411,433
<PAYABLE-FOR-SECURITIES> 45,265,521
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,339,176
<TOTAL-LIABILITIES> 46,604,697
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (12,842)
<SHARES-COMMON-STOCK> 1
<SHARES-COMMON-PRIOR> 1
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (340,489)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,998,292)
<ACCUM-APPREC-OR-DEPREC> 4,419,169
<NET-ASSETS> 11
<DIVIDEND-INCOME> 172,184
<INTEREST-INCOME> 5,093,639
<OTHER-INCOME> 0
<EXPENSES-NET> 757,388
<NET-INVESTMENT-INCOME> 4,508,435
<REALIZED-GAINS-CURRENT> 3,950,867
<APPREC-INCREASE-CURRENT> 3,011,780
<NET-CHANGE-FROM-OPS> 11,470,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 57,375,096
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (340,498)
<OVERDIST-NET-GAINS-PRIOR> (7,949,159)
<GROSS-ADVISORY-FEES> 499,378
<INTEREST-EXPENSE> 261
<GROSS-EXPENSE> 877,257
<AVERAGE-NET-ASSETS> 10
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.41
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 0.73
<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>113
<NAME>Nations International Equity Fund In-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 766,565,977
<INVESTMENTS-AT-VALUE> 780,397,904
<RECEIVABLES> 73,963,195
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 79,081,410
<TOTAL-ASSETS> 933,441,509
<PAYABLE-FOR-SECURITIES> 46,838,068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 139,225,665
<TOTAL-LIABILITIES> 186,063,733
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,159,867
<SHARES-COMMON-STOCK> 772,963
<SHARES-COMMON-PRIOR> 918,704
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,750,189)
<ACCUMULATED-NET-GAINS> 70,232,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,717,758
<NET-ASSETS> 9,836,090
<DIVIDEND-INCOME> 9,940,761
<INTEREST-INCOME> 1,258,498
<OTHER-INCOME> 0
<EXPENSES-NET> 5,135,126
<NET-INVESTMENT-INCOME> 6,749,272
<REALIZED-GAINS-CURRENT> 72,320,372
<APPREC-INCREASE-CURRENT> (186,397,635)
<NET-CHANGE-FROM-OPS> (107,327,991)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (97,000)
<DISTRIBUTIONS-OF-GAINS> (26,000)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,245,237
<NUMBER-OF-SHARES-REDEEMED> (1,398,670)
<SHARES-REINVESTED> 7,692
<NET-CHANGE-IN-ASSETS> (186,503,523)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (5,384,256)
<OVERDIST-NET-GAINS-PRIOR> (86,195)
<GROSS-ADVISORY-FEES> 3,966,542
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,135,126
<AVERAGE-NET-ASSETS> 12,396,545
<PER-SHARE-NAV-BEGIN> 14.67
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> (1.89)
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.73
<EXPENSE-RATIO> 1.37
<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>114
<NAME>Nations International Equity Fund In-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 766,565,977
<INVESTMENTS-AT-VALUE> 780,397,904
<RECEIVABLES> 73,963,195
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 79,081,410
<TOTAL-ASSETS> 933,441,509
<PAYABLE-FOR-SECURITIES> 46,838,068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 139,225,665
<TOTAL-LIABILITIES> 186,063,733
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24,500,457
<SHARES-COMMON-STOCK> 2,165,645
<SHARES-COMMON-PRIOR> 2,343,461
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,750,189)
<ACCUMULATED-NET-GAINS> 70,232,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,717,758
<NET-ASSETS> 27,251,261
<DIVIDEND-INCOME> 9,940,761
<INTEREST-INCOME> 1,258,498
<OTHER-INCOME> 0
<EXPENSES-NET> 5,135,126
<NET-INVESTMENT-INCOME> 6,749,272
<REALIZED-GAINS-CURRENT> 72,320,372
<APPREC-INCREASE-CURRENT> (186,397,635)
<NET-CHANGE-FROM-OPS> (107,327,991)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (196,000)
<DISTRIBUTIONS-OF-GAINS> (74,000)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 68,424
<NUMBER-OF-SHARES-REDEEMED> (264,081)
<SHARES-REINVESTED> 17,841
<NET-CHANGE-IN-ASSETS> (186,503,523)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (5,384,256)
<OVERDIST-NET-GAINS-PRIOR> (86,195)
<GROSS-ADVISORY-FEES> 3,966,542
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,135,126
<AVERAGE-NET-ASSETS> 32,487,616
<PER-SHARE-NAV-BEGIN> 14.56
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (1.90)
<PER-SHARE-DIVIDEND> (0.09)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.58
<EXPENSE-RATIO> 2.12
<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>115
<NAME>Nations International Equity Fund In-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 766,565,977
<INVESTMENTS-AT-VALUE> 780,397,904
<RECEIVABLES> 73,963,195
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 79,081,410
<TOTAL-ASSETS> 933,441,509
<PAYABLE-FOR-SECURITIES> 46,838,068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 139,225,665
<TOTAL-LIABILITIES> 186,063,733
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 717,606
<SHARES-COMMON-STOCK> 61,956
<SHARES-COMMON-PRIOR> 65,078
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,750,189)
<ACCUMULATED-NET-GAINS> 70,232,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,717,758
<NET-ASSETS> 767,992
<DIVIDEND-INCOME> 9,940,761
<INTEREST-INCOME> 1,258,498
<OTHER-INCOME> 0
<EXPENSES-NET> 5,135,126
<NET-INVESTMENT-INCOME> 6,749,272
<REALIZED-GAINS-CURRENT> 72,320,372
<APPREC-INCREASE-CURRENT> (186,397,635)
<NET-CHANGE-FROM-OPS> (107,327,991)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,000)
<DISTRIBUTIONS-OF-GAINS> (2,000)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,817
<NUMBER-OF-SHARES-REDEEMED> (26,522)
<SHARES-REINVESTED> 583
<NET-CHANGE-IN-ASSETS> (186,503,523)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (5,384,256)
<OVERDIST-NET-GAINS-PRIOR> (86,195)
<GROSS-ADVISORY-FEES> 3,966,542
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,135,126
<AVERAGE-NET-ASSETS> 965,129
<PER-SHARE-NAV-BEGIN> 14.34
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (1.86)
<PER-SHARE-DIVIDEND> (0.09)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.40
<EXPENSE-RATIO> 2.12
<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>111
<NAME>Nations International Equity Fund Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 766,565,977
<INVESTMENTS-AT-VALUE> 780,397,904
<RECEIVABLES> 73,963,195
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 79,081,410
<TOTAL-ASSETS> 933,441,509
<PAYABLE-FOR-SECURITIES> 46,838,068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 139,225,665
<TOTAL-LIABILITIES> 186,063,733
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 634,772,251
<SHARES-COMMON-STOCK> 55,269,233
<SHARES-COMMON-PRIOR> 59,776,205
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,750,189)
<ACCUMULATED-NET-GAINS> 70,232,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,717,758
<NET-ASSETS> 709,522,423
<DIVIDEND-INCOME> 9,940,761
<INTEREST-INCOME> 1,258,498
<OTHER-INCOME> 0
<EXPENSES-NET> 5,135,126
<NET-INVESTMENT-INCOME> 6,749,272
<REALIZED-GAINS-CURRENT> 72,320,372
<APPREC-INCREASE-CURRENT> (186,397,635)
<NET-CHANGE-FROM-OPS> (107,327,991)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,816,205)
<DISTRIBUTIONS-OF-GAINS> (1,898,381)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,986,564
<NUMBER-OF-SHARES-REDEEMED> (12,676,531)
<SHARES-REINVESTED> 182,995
<NET-CHANGE-IN-ASSETS> (186,503,523)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (5,384,256)
<OVERDIST-NET-GAINS-PRIOR> (86,195)
<GROSS-ADVISORY-FEES> 3,966,542
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,135,126
<AVERAGE-NET-ASSETS> 833,280,661
<PER-SHARE-NAV-BEGIN> 14.81
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> (1.93)
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.84
<EXPENSE-RATIO> 1.12
<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>
<SERIES>
<NUMBER>112
<NAME>Nations International Equity Fund Pr-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 766,565,977
<INVESTMENTS-AT-VALUE> 780,397,904
<RECEIVABLES> 73,963,195
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 79,081,410
<TOTAL-ASSETS> 933,441,509
<PAYABLE-FOR-SECURITIES> 46,838,068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 139,225,665
<TOTAL-LIABILITIES> 186,063,733
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,229
<SHARES-COMMON-STOCK> 1
<SHARES-COMMON-PRIOR> 1,659
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,750,189)
<ACCUMULATED-NET-GAINS> 70,232,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,717,758
<NET-ASSETS> 10
<DIVIDEND-INCOME> 9,940,761
<INTEREST-INCOME> 1,258,498
<OTHER-INCOME> 0
<EXPENSES-NET> 5,135,126
<NET-INVESTMENT-INCOME> 6,749,272
<REALIZED-GAINS-CURRENT> 72,320,372
<APPREC-INCREASE-CURRENT> (186,397,635)
<NET-CHANGE-FROM-OPS> (107,327,991)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4
<NUMBER-OF-SHARES-REDEEMED> (1,662)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (186,503,523)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (5,384,256)
<OVERDIST-NET-GAINS-PRIOR> (86,195)
<GROSS-ADVISORY-FEES> 3,966,542
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,135,126
<AVERAGE-NET-ASSETS> 2,889
<PER-SHARE-NAV-BEGIN> 14.80
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> (1.91)
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.83
<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>122
<NAME>Nations International Growth Fund In-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 178,235,403
<INVESTMENTS-AT-VALUE> 225,304,717
<RECEIVABLES> 14,458,298
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,851,081
<TOTAL-ASSETS> 265,614,342
<PAYABLE-FOR-SECURITIES> 4,102,189
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,173,000
<TOTAL-LIABILITIES> 28,275,189
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,947,543
<SHARES-COMMON-STOCK> 1,259,211
<SHARES-COMMON-PRIOR> 1,267,413
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,663,321)
<ACCUMULATED-NET-GAINS> 58,907,158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,065,046
<NET-ASSETS> 20,461,079
<DIVIDEND-INCOME> 1,942,981
<INTEREST-INCOME> 831,000
<OTHER-INCOME> 232,003
<EXPENSES-NET> 1,902,927
<NET-INVESTMENT-INCOME> 1,102,729
<REALIZED-GAINS-CURRENT> 54,540,673
<APPREC-INCREASE-CURRENT> (85,849,198)
<NET-CHANGE-FROM-OPS> (30,204,796)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,436,000)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 702,246
<NUMBER-OF-SHARES-REDEEMED> (710,448)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (189,083,537)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 20,211,170
<OVERDISTRIB-NII-PRIOR> (6,766,050)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,479,942
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,018,985
<AVERAGE-NET-ASSETS> 23,907,357
<PER-SHARE-NAV-BEGIN> 19.21
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (2.27)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.73)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.25
<EXPENSE-RATIO> 1.39
<AVG-DEBT-OUTSTANDING> 765,027
<AVG-DEBT-PER-SHARE> 0.0430
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>123
<NAME>Nations International Growth Fund In-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 178,235,403
<INVESTMENTS-AT-VALUE> 225,304,717
<RECEIVABLES> 14,458,298
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,851,081
<TOTAL-ASSETS> 265,614,342
<PAYABLE-FOR-SECURITIES> 4,102,189
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,173,000
<TOTAL-LIABILITIES> 28,275,189
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 584,920
<SHARES-COMMON-STOCK> 36,947
<SHARES-COMMON-PRIOR> 26,162
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,663,321)
<ACCUMULATED-NET-GAINS> 58,907,158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,065,046
<NET-ASSETS> 594,419
<DIVIDEND-INCOME> 1,942,981
<INTEREST-INCOME> 831,000
<OTHER-INCOME> 232,003
<EXPENSES-NET> 1,902,927
<NET-INVESTMENT-INCOME> 1,102,729
<REALIZED-GAINS-CURRENT> 54,540,673
<APPREC-INCREASE-CURRENT> (85,849,198)
<NET-CHANGE-FROM-OPS> (30,204,796)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (41,000)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,822
<NUMBER-OF-SHARES-REDEEMED> (2,037)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (189,083,537)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 20,211,170
<OVERDISTRIB-NII-PRIOR> (6,766,050)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,479,942
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,018,985
<AVERAGE-NET-ASSETS> 639,417
<PER-SHARE-NAV-BEGIN> 19.11
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> (2.26)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.73)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.09
<EXPENSE-RATIO> 2.14
<AVG-DEBT-OUTSTANDING> 765,027
<AVG-DEBT-PER-SHARE> 0.0430
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>124
<NAME>Nations International Growth Fund In-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 178,235,403
<INVESTMENTS-AT-VALUE> 225,304,717
<RECEIVABLES> 14,458,298
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,851,081
<TOTAL-ASSETS> 265,614,342
<PAYABLE-FOR-SECURITIES> 4,102,189
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,173,000
<TOTAL-LIABILITIES> 28,275,189
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 449,984
<SHARES-COMMON-STOCK> 24,101
<SHARES-COMMON-PRIOR> 23,960
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,663,321)
<ACCUMULATED-NET-GAINS> 58,907,158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,065,046
<NET-ASSETS> 396,165
<DIVIDEND-INCOME> 1,942,981
<INTEREST-INCOME> 831,000
<OTHER-INCOME> 232,003
<EXPENSES-NET> 1,902,927
<NET-INVESTMENT-INCOME> 1,102,729
<REALIZED-GAINS-CURRENT> 54,540,673
<APPREC-INCREASE-CURRENT> (85,849,198)
<NET-CHANGE-FROM-OPS> (30,204,796)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (26,000)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,342
<NUMBER-OF-SHARES-REDEEMED> (1,201)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (189,083,537)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 20,211,170
<OVERDISTRIB-NII-PRIOR> (6,766,050)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,479,942
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,018,985
<AVERAGE-NET-ASSETS> 453,478
<PER-SHARE-NAV-BEGIN> 19.42
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> (2.22)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.73)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.44
<EXPENSE-RATIO> 2.14
<AVG-DEBT-OUTSTANDING> 765,027
<AVG-DEBT-PER-SHARE> 0.0430
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>121
<NAME>Nations International Growth Fund Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 178,235,403
<INVESTMENTS-AT-VALUE> 225,304,717
<RECEIVABLES> 14,458,298
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,851,081
<TOTAL-ASSETS> 265,614,342
<PAYABLE-FOR-SECURITIES> 4,102,189
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,173,000
<TOTAL-LIABILITIES> 28,275,189
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118,048,052
<SHARES-COMMON-STOCK> 13,124,565
<SHARES-COMMON-PRIOR> 20,651,928
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,663,321)
<ACCUMULATED-NET-GAINS> 58,907,158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,065,046
<NET-ASSETS> 215,887,412
<DIVIDEND-INCOME> 1,942,981
<INTEREST-INCOME> 831,000
<OTHER-INCOME> 232,003
<EXPENSES-NET> 1,902,927
<NET-INVESTMENT-INCOME> 1,102,729
<REALIZED-GAINS-CURRENT> 54,540,673
<APPREC-INCREASE-CURRENT> (85,849,198)
<NET-CHANGE-FROM-OPS> (30,204,796)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (14,342,000)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,289,625
<NUMBER-OF-SHARES-REDEEMED> (8,816,988)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (189,083,537)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 20,211,170
<OVERDISTRIB-NII-PRIOR> (6,766,050)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,479,942
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,018,985
<AVERAGE-NET-ASSETS> 303,042,995
<PER-SHARE-NAV-BEGIN> 19.42
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> (2.30)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.73)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.45
<EXPENSE-RATIO> 1.14
<AVG-DEBT-OUTSTANDING> 765,027
<AVG-DEBT-PER-SHARE> 0.0430
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>153
<NAME>Nations International Value Fund In-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,406,000
<INVESTMENTS-AT-VALUE> 140,906,000
<RECEIVABLES> 2,057,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 663,000
<TOTAL-ASSETS> 143,626,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,029,000
<TOTAL-LIABILITIES> 24,029,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,720,126
<SHARES-COMMON-STOCK> 455,445
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,509,478
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,982,080
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (23,499,770)
<NET-ASSETS> 5,386,574
<DIVIDEND-INCOME> 1,343,000
<INTEREST-INCOME> 127,000
<OTHER-INCOME> 76,751
<EXPENSES-NET> 615,969
<NET-INVESTMENT-INCOME> 931,468
<REALIZED-GAINS-CURRENT> 2,996,467
<APPREC-INCREASE-CURRENT> (32,628,000)
<NET-CHANGE-FROM-OPS> (28,701,000)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (240,039)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 177,000
<NUMBER-OF-SHARES-REDEEMED> (68,791)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,943,000
<ACCUMULATED-NII-PRIOR> 579,010
<ACCUMULATED-GAINS-PRIOR> 5,792,052
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 480,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 668,164
<AVERAGE-NET-ASSETS> 4,626,734
<PER-SHARE-NAV-BEGIN> 15.44
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> (2.99)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.72)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.83
<EXPENSE-RATIO> 1.52
<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>154
<NAME>Nations International Value Fund In-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,406,000
<INVESTMENTS-AT-VALUE> 140,906,000
<RECEIVABLES> 2,057,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 663,000
<TOTAL-ASSETS> 143,626,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,029,000
<TOTAL-LIABILITIES> 24,029,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,577,578
<SHARES-COMMON-STOCK> 185,403
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,509,478
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,982,080
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (23,499,770)
<NET-ASSETS> 2,194,670
<DIVIDEND-INCOME> 1,343,000
<INTEREST-INCOME> 127,000
<OTHER-INCOME> 76,751
<EXPENSES-NET> 615,969
<NET-INVESTMENT-INCOME> 931,468
<REALIZED-GAINS-CURRENT> 2,996,467
<APPREC-INCREASE-CURRENT> (32,628,000)
<NET-CHANGE-FROM-OPS> (28,701,000)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 188,325
<NUMBER-OF-SHARES-REDEEMED> (2,922)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,943,000
<ACCUMULATED-NII-PRIOR> 579,010
<ACCUMULATED-GAINS-PRIOR> 5,792,052
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 480,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 668,164
<AVERAGE-NET-ASSETS> 1,227,329
<PER-SHARE-NAV-BEGIN> 14.33
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (2.54)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.84
<EXPENSE-RATIO> 2.27
<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>155
<NAME>Nations International Value Fund In-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,406,000
<INVESTMENTS-AT-VALUE> 140,906,000
<RECEIVABLES> 2,057,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 663,000
<TOTAL-ASSETS> 143,626,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,029,000
<TOTAL-LIABILITIES> 24,029,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 168,435
<SHARES-COMMON-STOCK> 12,699
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,509,478
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,982,080
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (23,499,770)
<NET-ASSETS> 150,312
<DIVIDEND-INCOME> 1,343,000
<INTEREST-INCOME> 127,000
<OTHER-INCOME> 76,751
<EXPENSES-NET> 615,969
<NET-INVESTMENT-INCOME> 931,468
<REALIZED-GAINS-CURRENT> 2,996,467
<APPREC-INCREASE-CURRENT> (32,628,000)
<NET-CHANGE-FROM-OPS> (28,701,000)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,770
<NUMBER-OF-SHARES-REDEEMED> (2,071)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,943,000
<ACCUMULATED-NII-PRIOR> 579,010
<ACCUMULATED-GAINS-PRIOR> 5,792,052
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 480,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 668,164
<AVERAGE-NET-ASSETS> 68,520
<PER-SHARE-NAV-BEGIN> 13.33
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (1.54)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.84
<EXPENSE-RATIO> 2.27
<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>151
<NAME>Nations International Value Fund Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 164,406,000
<INVESTMENTS-AT-VALUE> 140,906,000
<RECEIVABLES> 2,057,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 663,000
<TOTAL-ASSETS> 143,626,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,029,000
<TOTAL-LIABILITIES> 24,029,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 130,139,297
<SHARES-COMMON-STOCK> 9,452,451
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,509,478
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,982,080
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (23,499,770)
<NET-ASSETS> 111,865,666
<DIVIDEND-INCOME> 1,343,000
<INTEREST-INCOME> 127,000
<OTHER-INCOME> 76,751
<EXPENSES-NET> 615,969
<NET-INVESTMENT-INCOME> 931,468
<REALIZED-GAINS-CURRENT> 2,996,467
<APPREC-INCREASE-CURRENT> (32,628,000)
<NET-CHANGE-FROM-OPS> (28,701,000)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (5,566,400)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,319,000
<NUMBER-OF-SHARES-REDEEMED> (777,998)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,943,000
<ACCUMULATED-NII-PRIOR> 579,010
<ACCUMULATED-GAINS-PRIOR> 5,792,052
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 480,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 668,164
<AVERAGE-NET-ASSETS> 120,919,243
<PER-SHARE-NAV-BEGIN> 15.53
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> (3.10)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.72)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.83
<EXPENSE-RATIO> 1.27
<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>
<Nations Prime Fund> Investor A
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 7,081,347,703
<INVESTMENTS-AT-VALUE> 7,081,347,703
<RECEIVABLES> 43,286,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 42,000
<TOTAL-ASSETS> 7,124,676,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,034,000
<TOTAL-LIABILITIES> 20,034,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,989,662,140
<SHARES-COMMON-STOCK> 2,989,662,140
<SHARES-COMMON-PRIOR> 1,707,014,234
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (258,984)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,989,488,266
<DIVIDEND-INCOME> 117,000
<INTEREST-INCOME> 195,658,000
<OTHER-INCOME> 0
<EXPENSES-NET> 17,467,000
<NET-INVESTMENT-INCOME> 178,308,299
<REALIZED-GAINS-CURRENT> 16,895
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 178,325,194
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (68,676,561)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,529,026,235
<NUMBER-OF-SHARES-REDEEMED> (3,291,529,939)
<SHARES-REINVESTED> 45,151,610
<NET-CHANGE-IN-ASSETS> 1,503,773,379
<ACCUMULATED-NII-PRIOR> 748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (275,879)
<GROSS-ADVISORY-FEES> 6,890,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,543,000
<AVERAGE-NET-ASSETS> 2,703,267,175
<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> 0.65
<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>
<Nations Prime Fund> Investor B
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 7,081,347,703
<INVESTMENTS-AT-VALUE> 7,081,347,703
<RECEIVABLES> 43,286,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 42,000
<TOTAL-ASSETS> 7,124,676,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,034,000
<TOTAL-LIABILITIES> 20,034,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 634,982,030
<SHARES-COMMON-STOCK> 634,982,030
<SHARES-COMMON-PRIOR> 844,526,472
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (258,984)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 634,854,669
<DIVIDEND-INCOME> 117,000
<INTEREST-INCOME> 195,658,000
<OTHER-INCOME> 0
<EXPENSES-NET> 17,467,000
<NET-INVESTMENT-INCOME> 178,308,299
<REALIZED-GAINS-CURRENT> 16,895
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 178,325,194
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,384,959)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,305,740,000
<NUMBER-OF-SHARES-REDEEMED> (2,532,649,319)
<SHARES-REINVESTED> 17,281,196
<NET-CHANGE-IN-ASSETS> 1,503,773,379
<ACCUMULATED-NII-PRIOR> 748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (275,879)
<GROSS-ADVISORY-FEES> 6,890,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,543,000
<AVERAGE-NET-ASSETS> 708,409,056
<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>
<Nations Prime Fund> Investor C
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 7,081,347,703
<INVESTMENTS-AT-VALUE> 7,081,347,703
<RECEIVABLES> 43,286,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 42,000
<TOTAL-ASSETS> 7,124,676,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,034,000
<TOTAL-LIABILITIES> 20,034,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,665,366
<SHARES-COMMON-STOCK> 64,665,366
<SHARES-COMMON-PRIOR> 96,167,288
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (258,984)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 64,659,800
<DIVIDEND-INCOME> 117,000
<INTEREST-INCOME> 195,658,000
<OTHER-INCOME> 0
<EXPENSES-NET> 17,467,000
<NET-INVESTMENT-INCOME> 178,308,299
<REALIZED-GAINS-CURRENT> 16,895
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 178,325,194
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,377,153)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 94,928,000
<NUMBER-OF-SHARES-REDEEMED> (128,717,000)
<SHARES-REINVESTED> 2,287,000
<NET-CHANGE-IN-ASSETS> 1,503,773,379
<ACCUMULATED-NII-PRIOR> 748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (275,879)
<GROSS-ADVISORY-FEES> 6,890,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,543,000
<AVERAGE-NET-ASSETS> 91,769,089
<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>
<Nations Prime Fund> Daily Shares
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 7,081,347,703
<INVESTMENTS-AT-VALUE> 7,081,347,703
<RECEIVABLES> 43,286,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 42,000
<TOTAL-ASSETS> 7,124,676,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,034,000
<TOTAL-LIABILITIES> 20,034,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 965,953,820
<SHARES-COMMON-STOCK> 765,953,820
<SHARES-COMMON-PRIOR> 92,991,237
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (258,984)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 765,618,045
<DIVIDEND-INCOME> 117,000
<INTEREST-INCOME> 195,658,000
<OTHER-INCOME> 0
<EXPENSES-NET> 17,467,000
<NET-INVESTMENT-INCOME> 178,308,299
<REALIZED-GAINS-CURRENT> 16,895
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 178,325,194
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,031,422)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 989,073,000
<NUMBER-OF-SHARES-REDEEMED> (330,209,000)
<SHARES-REINVESTED> 13,808,000
<NET-CHANGE-IN-ASSETS> 1,503,773,379
<ACCUMULATED-NII-PRIOR> 748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (275,879)
<GROSS-ADVISORY-FEES> 6,890,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,543,000
<AVERAGE-NET-ASSETS> 569,683,581
<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>
<Nations Prime Fund> Primary A
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 7,081,347,703
<INVESTMENTS-AT-VALUE> 7,081,347,703
<RECEIVABLES> 43,286,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 42,000
<TOTAL-ASSETS> 7,124,676,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,034,000
<TOTAL-LIABILITIES> 20,034,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,622,176,427
<SHARES-COMMON-STOCK> 2,622,176,427
<SHARES-COMMON-PRIOR> 2,853,094,315
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (258,984)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,621,742,727
<DIVIDEND-INCOME> 117,000
<INTEREST-INCOME> 195,658,000
<OTHER-INCOME> 0
<EXPENSES-NET> 17,467,000
<NET-INVESTMENT-INCOME> 178,308,299
<REALIZED-GAINS-CURRENT> 16,895
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 178,325,194
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (74,576,065)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,556,681,976
<NUMBER-OF-SHARES-REDEEMED> (1,790,231,956)
<SHARES-REINVESTED> 2,632,092
<NET-CHANGE-IN-ASSETS> 1,503,773,379
<ACCUMULATED-NII-PRIOR> 748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (275,879)
<GROSS-ADVISORY-FEES> 6,890,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,543,000
<AVERAGE-NET-ASSETS> 2,742,892,776
<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> 0.30
<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>
<Nations Prime Fund> Primary B
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 7,081,347,703
<INVESTMENTS-AT-VALUE> 7,081,347,703
<RECEIVABLES> 43,286,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 42,000
<TOTAL-ASSETS> 7,124,676,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,034,000
<TOTAL-LIABILITIES> 20,034,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,281,699
<SHARES-COMMON-STOCK> 28,281,699
<SHARES-COMMON-PRIOR> 8,133,875
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (258,984)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 28,278,000
<DIVIDEND-INCOME> 117,000
<INTEREST-INCOME> 195,658,000
<OTHER-INCOME> 0
<EXPENSES-NET> 17,467,000
<NET-INVESTMENT-INCOME> 178,308,299
<REALIZED-GAINS-CURRENT> 16,895
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 178,325,194
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (262,886)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 71,883,000
<NUMBER-OF-SHARES-REDEEMED> (51,736,848)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,503,773,379
<ACCUMULATED-NII-PRIOR> 748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (275,879)
<GROSS-ADVISORY-FEES> 6,890,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,543,000
<AVERAGE-NET-ASSETS> 10,168,911
<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>132
<NAME>Nations Small Company Growth Fund In-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 436,331,384
<INVESTMENTS-AT-VALUE> 349,267,041
<RECEIVABLES> 958,453
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 225
<TOTAL-ASSETS> 350,224,719
<PAYABLE-FOR-SECURITIES> 6,969,424
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,286,016
<TOTAL-LIABILITIES> 8,256,440
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,220,957
<SHARES-COMMON-STOCK> 1,389,496
<SHARES-COMMON-PRIOR> 430,327
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (808,364)
<ACCUMULATED-NET-GAINS> 8,857,539
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (87,064,343)
<NET-ASSETS> 14,507,197
<DIVIDEND-INCOME> 599,937
<INTEREST-INCOME> 414,302
<OTHER-INCOME> 111,675
<EXPENSES-NET> 1,897,221
<NET-INVESTMENT-INCOME> (771,307)
<REALIZED-GAINS-CURRENT> 8,119,545
<APPREC-INCREASE-CURRENT> (156,944,856)
<NET-CHANGE-FROM-OPS> (149,595,618)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (320,656)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,403,399
<NUMBER-OF-SHARES-REDEEMED> (3,463,808)
<SHARES-REINVESTED> 19,578
<NET-CHANGE-IN-ASSETS> 93,264,128
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12,081,297
<OVERDISTRIB-NII-PRIOR> (37,057)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,932,960
<INTEREST-EXPENSE> 4,621
<GROSS-EXPENSE> 2,398,687
<AVERAGE-NET-ASSETS> 15,258,696
<PER-SHARE-NAV-BEGIN> 15.74
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> (4.52)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.44
<EXPENSE-RATIO> 1.20
<AVG-DEBT-OUTSTANDING> 91,257
<AVG-DEBT-PER-SHARE> 0.0032
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>133
<NAME>Nations Small Company Growth Fund In-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 436,331,384
<INVESTMENTS-AT-VALUE> 349,267,041
<RECEIVABLES> 958,453
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 225
<TOTAL-ASSETS> 350,224,719
<PAYABLE-FOR-SECURITIES> 6,969,424
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,286,016
<TOTAL-LIABILITIES> 8,256,440
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,020,351
<SHARES-COMMON-STOCK> 421,682
<SHARES-COMMON-PRIOR> 217,062
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (808,364)
<ACCUMULATED-NET-GAINS> 8,857,539
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (87,064,343)
<NET-ASSETS> 4,343,382
<DIVIDEND-INCOME> 599,937
<INTEREST-INCOME> 414,302
<OTHER-INCOME> 111,675
<EXPENSES-NET> 1,897,221
<NET-INVESTMENT-INCOME> (771,307)
<REALIZED-GAINS-CURRENT> 8,119,545
<APPREC-INCREASE-CURRENT> (156,944,856)
<NET-CHANGE-FROM-OPS> (149,595,618)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (152,626)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 268,281
<NUMBER-OF-SHARES-REDEEMED> (73,676)
<SHARES-REINVESTED> 10,015
<NET-CHANGE-IN-ASSETS> 93,264,128
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12,081,297
<OVERDISTRIB-NII-PRIOR> (37,057)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,932,960
<INTEREST-EXPENSE> 4,621
<GROSS-EXPENSE> 2,398,687
<AVERAGE-NET-ASSETS> 4,496,111
<PER-SHARE-NAV-BEGIN> 15.59
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> (4.46)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.30
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 91,257
<AVG-DEBT-PER-SHARE> 0.0032
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>134
<NAME>Nations Small Company Growth Fund In-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 436,331,384
<INVESTMENTS-AT-VALUE> 349,267,041
<RECEIVABLES> 958,453
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 225
<TOTAL-ASSETS> 350,224,719
<PAYABLE-FOR-SECURITIES> 6,969,424
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,286,016
<TOTAL-LIABILITIES> 8,256,440
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,893,224
<SHARES-COMMON-STOCK> 183,252
<SHARES-COMMON-PRIOR> 198,381
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (808,364)
<ACCUMULATED-NET-GAINS> 8,857,539
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (87,064,343)
<NET-ASSETS> 1,908,573
<DIVIDEND-INCOME> 599,937
<INTEREST-INCOME> 414,302
<OTHER-INCOME> 111,675
<EXPENSES-NET> 1,897,221
<NET-INVESTMENT-INCOME> (771,307)
<REALIZED-GAINS-CURRENT> 8,119,545
<APPREC-INCREASE-CURRENT> (156,944,856)
<NET-CHANGE-FROM-OPS> (149,595,618)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (147,319)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,038
<NUMBER-OF-SHARES-REDEEMED> (33,868)
<SHARES-REINVESTED> 9,701
<NET-CHANGE-IN-ASSETS> 93,264,128
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12,081,297
<OVERDISTRIB-NII-PRIOR> (37,057)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,932,960
<INTEREST-EXPENSE> 4,621
<GROSS-EXPENSE> 2,398,687
<AVERAGE-NET-ASSETS> 2,753,292
<PER-SHARE-NAV-BEGIN> 15.74
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> (4.50)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.42
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 91,257
<AVG-DEBT-PER-SHARE> 0.0032
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>131
<NAME>Nations Small Company Growth Fund Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 436,331,384
<INVESTMENTS-AT-VALUE> 349,267,041
<RECEIVABLES> 958,453
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 225
<TOTAL-ASSETS> 350,224,719
<PAYABLE-FOR-SECURITIES> 6,969,424
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,286,016
<TOTAL-LIABILITIES> 8,256,440
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 395,848,915
<SHARES-COMMON-STOCK> 30,602,094
<SHARES-COMMON-PRIOR> 14,911,034
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (808,364)
<ACCUMULATED-NET-GAINS> 8,857,539
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (87,064,343)
<NET-ASSETS> 321,210,127
<DIVIDEND-INCOME> 599,937
<INTEREST-INCOME> 414,302
<OTHER-INCOME> 111,675
<EXPENSES-NET> 1,897,221
<NET-INVESTMENT-INCOME> (771,307)
<REALIZED-GAINS-CURRENT> 8,119,545
<APPREC-INCREASE-CURRENT> (156,944,856)
<NET-CHANGE-FROM-OPS> (149,595,618)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (10,722,702)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,930,242
<NUMBER-OF-SHARES-REDEEMED> (5,629,038)
<SHARES-REINVESTED> 389,857
<NET-CHANGE-IN-ASSETS> 93,264,128
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12,081,297
<OVERDISTRIB-NII-PRIOR> (37,057)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,932,960
<INTEREST-EXPENSE> 4,621
<GROSS-EXPENSE> 2,398,687
<AVERAGE-NET-ASSETS> 363,027,706
<PER-SHARE-NAV-BEGIN> 15.79
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (4.53)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.50
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 91,257
<AVG-DEBT-PER-SHARE> 0.0032
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>
<Nations Treasury Fund> Investor A
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 3,505,147,000
<INVESTMENTS-AT-VALUE> 3,505,147,000
<RECEIVABLES> 10,346,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,000
<TOTAL-ASSETS> 3,515,494,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502,074,000
<TOTAL-LIABILITIES> 502,074,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,866,928,440
<SHARES-COMMON-STOCK> 1,866,928,440
<SHARES-COMMON-PRIOR> 1,361,318,985
<ACCUMULATED-NII-CURRENT> 10,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (54,086)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,866,249,176
<DIVIDEND-INCOME> 397,000
<INTEREST-INCOME> 82,852,000
<OTHER-INCOME> 0
<EXPENSES-NET> 8,329,000
<NET-INVESTMENT-INCOME> 74,920,000
<REALIZED-GAINS-CURRENT> (9,314)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 74,911,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (42,177,275)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,026,824,507
<NUMBER-OF-SHARES-REDEEMED> (1,524,760,672)
<SHARES-REINVESTED> 3,545,620
<NET-CHANGE-IN-ASSETS> 291,846,000
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (44,772)
<GROSS-ADVISORY-FEES> 2,995,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,247,000
<AVERAGE-NET-ASSETS> 1,756,783,411
<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> 0.65
<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>
<Nations Treasury Fund> Investor B
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 3,505,147,000
<INVESTMENTS-AT-VALUE> 3,505,147,000
<RECEIVABLES> 10,346,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,000
<TOTAL-ASSETS> 3,515,494,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502,074,000
<TOTAL-LIABILITIES> 502,074,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 336,152,204
<SHARES-COMMON-STOCK> 336,152,204
<SHARES-COMMON-PRIOR> 546,874,661
<ACCUMULATED-NII-CURRENT> 10,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (54,086)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 336,127,867
<DIVIDEND-INCOME> 397,000
<INTEREST-INCOME> 82,852,000
<OTHER-INCOME> 0
<EXPENSES-NET> 8,329,000
<NET-INVESTMENT-INCOME> 74,920,000
<REALIZED-GAINS-CURRENT> (9,314)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 74,911,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,715,372)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,546,357,210
<NUMBER-OF-SHARES-REDEEMED> (1,761,517,743)
<SHARES-REINVESTED> 4,438,076
<NET-CHANGE-IN-ASSETS> 291,846,000
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (44,772)
<GROSS-ADVISORY-FEES> 2,995,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,247,000
<AVERAGE-NET-ASSETS> 394,603,172
<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>
<Nations Treasury Fund> Investor C
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 3,505,147,000
<INVESTMENTS-AT-VALUE> 3,505,147,000
<RECEIVABLES> 10,346,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,000
<TOTAL-ASSETS> 3,515,494,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502,074,000
<TOTAL-LIABILITIES> 502,074,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,410,712
<SHARES-COMMON-STOCK> 4,410,712
<SHARES-COMMON-PRIOR> 8,295,206
<ACCUMULATED-NII-CURRENT> 10,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (54,086)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 4,410,392
<DIVIDEND-INCOME> 397,000
<INTEREST-INCOME> 82,852,000
<OTHER-INCOME> 0
<EXPENSES-NET> 8,329,000
<NET-INVESTMENT-INCOME> 74,920,000
<REALIZED-GAINS-CURRENT> (9,314)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 74,911,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (173,920)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,742,795
<NUMBER-OF-SHARES-REDEEMED> (12,798,947)
<SHARES-REINVESTED> 171,658
<NET-CHANGE-IN-ASSETS> 291,846,000
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (44,772)
<GROSS-ADVISORY-FEES> 2,995,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,247,000
<AVERAGE-NET-ASSETS> 7,089,555
<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>
<Nations Treasury Fund> Daily Shares
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 3,505,147,000
<INVESTMENTS-AT-VALUE> 3,505,147,000
<RECEIVABLES> 10,346,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,000
<TOTAL-ASSETS> 3,515,494,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502,074,000
<TOTAL-LIABILITIES> 502,074,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 125,019,286
<SHARES-COMMON-STOCK> 125,019,286
<SHARES-COMMON-PRIOR> 178,297,631
<ACCUMULATED-NII-CURRENT> 10,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (54,086)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 124,929,269
<DIVIDEND-INCOME> 397,000
<INTEREST-INCOME> 82,852,000
<OTHER-INCOME> 0
<EXPENSES-NET> 8,329,000
<NET-INVESTMENT-INCOME> 74,920,000
<REALIZED-GAINS-CURRENT> (9,314)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 74,911,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,641,155)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 496,092,603
<NUMBER-OF-SHARES-REDEEMED> (551,876,796)
<SHARES-REINVESTED> 2,505,848
<NET-CHANGE-IN-ASSETS> 291,846,000
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (44,772)
<GROSS-ADVISORY-FEES> 2,995,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,247,000
<AVERAGE-NET-ASSETS> 156,257,583
<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>
<Nations Treasury Fund> Primarty A
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 3,505,147,000
<INVESTMENTS-AT-VALUE> 3,505,147,000
<RECEIVABLES> 10,346,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,000
<TOTAL-ASSETS> 3,515,494,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502,074,000
<TOTAL-LIABILITIES> 502,074,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 661,879,805
<SHARES-COMMON-STOCK> 661,879,805
<SHARES-COMMON-PRIOR> 615,231,877
<ACCUMULATED-NII-CURRENT> 10,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (54,086)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 661,595,869
<DIVIDEND-INCOME> 397,000
<INTEREST-INCOME> 82,852,000
<OTHER-INCOME> 0
<EXPENSES-NET> 8,329,000
<NET-INVESTMENT-INCOME> 74,920,000
<REALIZED-GAINS-CURRENT> (9,314)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 74,911,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,914,831)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 568,084,000
<NUMBER-OF-SHARES-REDEEMED> (521,679,838)
<SHARES-REINVESTED> 7,951
<NET-CHANGE-IN-ASSETS> 291,846,000
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (44,772)
<GROSS-ADVISORY-FEES> 2,995,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,247,000
<AVERAGE-NET-ASSETS> 735,955,856
<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> 0.30
<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>
<Nations Treasury Fund> Primarty B
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> 3/31/98
<PERIOD-END> 9/30/98
<INVESTMENTS-AT-COST> 3,505,147,000
<INVESTMENTS-AT-VALUE> 3,505,147,000
<RECEIVABLES> 10,346,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,000
<TOTAL-ASSETS> 3,515,494,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502,074,000
<TOTAL-LIABILITIES> 502,074,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,108,960
<SHARES-COMMON-STOCK> 20,108,959
<SHARES-COMMON-PRIOR> 11,765,357
<ACCUMULATED-NII-CURRENT> 10,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (54,086)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20,107,503
<DIVIDEND-INCOME> 397,000
<INTEREST-INCOME> 82,852,000
<OTHER-INCOME> 0
<EXPENSES-NET> 8,329,000
<NET-INVESTMENT-INCOME> 74,920,000
<REALIZED-GAINS-CURRENT> (9,314)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 74,911,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (298,091)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,242,687
<NUMBER-OF-SHARES-REDEEMED> (14,899,085)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 291,846,000
<ACCUMULATED-NII-PRIOR> 10,103
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (44,772)
<GROSS-ADVISORY-FEES> 2,995,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,247,000
<AVERAGE-NET-ASSETS> 12,206,356
<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>142
<NAME>Nations Fund U.S. Govt. Bond Inv-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 127,500,045
<INVESTMENTS-AT-VALUE> 131,895,554
<RECEIVABLES> 2,148,791
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,768
<TOTAL-ASSETS> 134,046,113
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,399,938
<TOTAL-LIABILITIES> 5,399,938
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,258,538
<SHARES-COMMON-STOCK> 219,707
<SHARES-COMMON-PRIOR> 185,867
<ACCUMULATED-NII-CURRENT> 24,489
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,638,028
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,395,509
<NET-ASSETS> 2,344,880
<DIVIDEND-INCOME> 115,412
<INTEREST-INCOME> 6,335,195
<OTHER-INCOME> 24,121
<EXPENSES-NET> 694,760
<NET-INVESTMENT-INCOME> 5,779,968
<REALIZED-GAINS-CURRENT> 1,812,126
<APPREC-INCREASE-CURRENT> 6,843,892
<NET-CHANGE-FROM-OPS> 14,435,986
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (50,671)
<DISTRIBUTIONS-OF-GAINS> (38,476)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 49,180
<NUMBER-OF-SHARES-REDEEMED> (18,692)
<SHARES-REINVESTED> 3,352
<NET-CHANGE-IN-ASSETS> (139,044,968)
<ACCUMULATED-NII-PRIOR> 27,418
<ACCUMULATED-GAINS-PRIOR> 6,028,341
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 452,916
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 726,272
<AVERAGE-NET-ASSETS> 2,077,462
<PER-SHARE-NAV-BEGIN> 10.37
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> (0.20)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.67
<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>143
<NAME>Nations Fund U.S. Govt. Bond Inv-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 127,500,045
<INVESTMENTS-AT-VALUE> 131,895,554
<RECEIVABLES> 2,148,791
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,768
<TOTAL-ASSETS> 134,046,113
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,399,938
<TOTAL-LIABILITIES> 5,399,938
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,297,396
<SHARES-COMMON-STOCK> 319,104
<SHARES-COMMON-PRIOR> 96,829
<ACCUMULATED-NII-CURRENT> 24,489
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,638,028
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,395,509
<NET-ASSETS> 3,405,682
<DIVIDEND-INCOME> 115,412
<INTEREST-INCOME> 6,335,195
<OTHER-INCOME> 24,121
<EXPENSES-NET> 694,760
<NET-INVESTMENT-INCOME> 5,779,968
<REALIZED-GAINS-CURRENT> 1,812,126
<APPREC-INCREASE-CURRENT> 6,843,892
<NET-CHANGE-FROM-OPS> 14,435,986
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (46,104)
<DISTRIBUTIONS-OF-GAINS> (20,196)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 242,155
<NUMBER-OF-SHARES-REDEEMED> (24,202)
<SHARES-REINVESTED> 4,322
<NET-CHANGE-IN-ASSETS> (139,044,968)
<ACCUMULATED-NII-PRIOR> 27,418
<ACCUMULATED-GAINS-PRIOR> 6,028,341
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 452,916
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 726,272
<AVERAGE-NET-ASSETS> 2,227,922
<PER-SHARE-NAV-BEGIN> 10.37
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> (0.20)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.67
<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>144
<NAME>Nations Fund U.S. Govt. Bond Inv-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 127,500,045
<INVESTMENTS-AT-VALUE> 131,895,554
<RECEIVABLES> 2,148,791
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,768
<TOTAL-ASSETS> 134,046,113
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,399,938
<TOTAL-LIABILITIES> 5,399,938
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,320,669
<SHARES-COMMON-STOCK> 127,338
<SHARES-COMMON-PRIOR> 128,438
<ACCUMULATED-NII-CURRENT> 24,489
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,638,028
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,395,509
<NET-ASSETS> 1,359,039
<DIVIDEND-INCOME> 115,412
<INTEREST-INCOME> 6,335,195
<OTHER-INCOME> 24,121
<EXPENSES-NET> 694,760
<NET-INVESTMENT-INCOME> 5,779,968
<REALIZED-GAINS-CURRENT> 1,812,126
<APPREC-INCREASE-CURRENT> 6,843,892
<NET-CHANGE-FROM-OPS> 14,435,986
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (29,580)
<DISTRIBUTIONS-OF-GAINS> (25,857)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,047
<NUMBER-OF-SHARES-REDEEMED> (5,055)
<SHARES-REINVESTED> 1,908
<NET-CHANGE-IN-ASSETS> (139,044,968)
<ACCUMULATED-NII-PRIOR> 27,418
<ACCUMULATED-GAINS-PRIOR> 6,028,341
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 452,916
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 726,272
<AVERAGE-NET-ASSETS> 1,321,330
<PER-SHARE-NAV-BEGIN> 10.37
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> (0.20)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.67
<EXPENSE-RATIO> 1.45
<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-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 127,500,045
<INVESTMENTS-AT-VALUE> 131,895,554
<RECEIVABLES> 2,148,791
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,768
<TOTAL-ASSETS> 134,046,113
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,399,938
<TOTAL-LIABILITIES> 5,399,938
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 114,711,546
<SHARES-COMMON-STOCK> 11,387,986
<SHARES-COMMON-PRIOR> 25,404,604
<ACCUMULATED-NII-CURRENT> 24,489
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,638,028
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,395,509
<NET-ASSETS> 121,536,562
<DIVIDEND-INCOME> 115,412
<INTEREST-INCOME> 6,335,195
<OTHER-INCOME> 24,121
<EXPENSES-NET> 694,760
<NET-INVESTMENT-INCOME> 5,779,968
<REALIZED-GAINS-CURRENT> 1,812,126
<APPREC-INCREASE-CURRENT> 6,843,892
<NET-CHANGE-FROM-OPS> 14,435,986
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,656,542)
<DISTRIBUTIONS-OF-GAINS> (5,117,910)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 892,030
<NUMBER-OF-SHARES-REDEEMED> (15,148,974)
<SHARES-REINVESTED> 240,326
<NET-CHANGE-IN-ASSETS> (139,044,968)
<ACCUMULATED-NII-PRIOR> 27,418
<ACCUMULATED-GAINS-PRIOR> 6,028,341
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 452,916
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 726,272
<AVERAGE-NET-ASSETS> 220,212,623
<PER-SHARE-NAV-BEGIN> 10.37
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (0.20)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.67
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
