NATIONS INSTITUTIONAL RESERVES
NSAR-B, EX-27.92, 2000-05-30
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<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
<NUMBER>181
<NAME>NATIONS NATIONS EMERGING MARKETS FUND PRIMARY A
<S>                              <C>
<MULTIPLIER>1000
<PERIOD-TYPE>                    12-MOS
<FISCAL-YEAR-END>                Mar-31-2000
<PERIOD-END>                     Mar-31-2000
<INVESTMENTS-AT-COST>                        56,633
<INVESTMENTS-AT-VALUE>                       73,973
<RECEIVABLES>                                   883
<ASSETS-OTHER>                                    8
<OTHER-ITEMS-ASSETS>                          1,143
<TOTAL-ASSETS>                               76,007
<PAYABLE-FOR-SECURITIES>                       (386)
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                   (12,712)
<TOTAL-LIABILITIES>                         (13,098)
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                     63,549
<SHARES-COMMON-STOCK>                         3,567
<SHARES-COMMON-PRIOR>                         2,664
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                         (240)
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                    (17,740)
<ACCUM-APPREC-OR-DEPREC>                     17,340
<NET-ASSETS>                                 62,909
<DIVIDEND-INCOME>                               420
<INTEREST-INCOME>                                51
<OTHER-INCOME>                                   75
<EXPENSES-NET>                                  699
<NET-INVESTMENT-INCOME>                        (153)
<REALIZED-GAINS-CURRENT>                      3,874
<APPREC-INCREASE-CURRENT>                    18,776
<NET-CHANGE-FROM-OPS>                        22,497
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                       (11)
<DISTRIBUTIONS-OF-GAINS>                          0
<DISTRIBUTIONS-OTHER>                             0
<NUMBER-OF-SHARES-SOLD>                       1,968
<NUMBER-OF-SHARES-REDEEMED>                  (1,065)
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                       38,605
<ACCUMULATED-NII-PRIOR>                           0
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                         (57)
<OVERDIST-NET-GAINS-PRIOR>                  (21,632)
<GROSS-ADVISORY-FEES>                           356
<INTEREST-EXPENSE>                                5
<GROSS-EXPENSE>                                 922
<AVERAGE-NET-ASSETS>                         31,164
<PER-SHARE-NAV-BEGIN>                         10.60
<PER-SHARE-NII>                               (0.05)
<PER-SHARE-GAIN-APPREC>                        7.68
<PER-SHARE-DIVIDEND>                          (0.01)
<PER-SHARE-DISTRIBUTIONS>                      0.00
<RETURNS-OF-CAPITAL>                           0.00
<PER-SHARE-NAV-END>                            8.14
<EXPENSE-RATIO>                                1.90


</TABLE>


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