NATIONS FUND, INC.
NATIONS EQUITY INCOME FUND
Supplement dated May 15, 1998
to Prospectuses dated August 1, 1997
The combined prospectuses for the Primary A, Primary B, Investor A,
Investor B (formerly Investor N) and Investor C Shares for Nations Equity Income
Fund are hereby supplemented by deleting the paragraph regarding Eric S.
Williams under the heading "How The Funds Are Managed" and inserting in its
place the following:
The Equity Income Management Team of TradeStreet is
responsible for the day-to-day management of Nations Equity Income
Fund.