<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>184
<NAME>NATIONS NATIONS EMERGING MARKETS FUND INVESTOR B
<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> 226
<SHARES-COMMON-PRIOR> 198
<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> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 66
<NUMBER-OF-SHARES-REDEEMED> (37)
<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> 2,293
<PER-SHARE-NAV-BEGIN> 10.49
<PER-SHARE-NII> (0.16)
<PER-SHARE-GAIN-APPREC> 7.49
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.99
<EXPENSE-RATIO> 2.90
</TABLE>
