NATIONS FUND TRUST
NATIONS FUND, INC.
NATIONS RESERVES
Supplement dated November 10, 1999
to Prospectuses dated August 1, 1999
A. The combined prospectuses for the Primary A, Investor A, Investor B and
Investor C Shares for the State Municipal Bond Funds of Nations Fund Trust
and Nations Reserves hereby are supplemented by deleting the last two
sentences in the section provided in each Fund description under "About the
State Municipal Bond Funds" entitled "Risks and other things to consider --
Investment strategy risk."
B. The combined prospectuses for the Money Market Funds of Nations Fund Trust,
Nations Fund, Inc. and Nations Reserves are hereby supplemented by deleting
the first call-out sentence in the section entitled "About your investment
-- How Shares are priced," and inserting the following in its place:
A business day is any day that the Federal Reserve Bank of New York is
open, except that the Funds will be closed on December 24, 1999 and at
1:00 p.m. on December 31, 1999 even though the Federal Reserve Bank of
New York may be open on those days and after that time.
