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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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SIGNATURE RICHARD ROSE
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Nations Fund Port Emerg Mkts Tr-A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Nations Fund Port Emerg Mrkts Inv-A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
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<NUMBER> 1
<NAME> Nations Fund Port Emerg Mrkts Inv-C
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Nations Fund Port Emerg Mrkts Inv-N
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Nations Fund Port Pacific Growth Tr-A
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Nations Fund Port Pacific Growth Inv-A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Nations Fund Port Pacific Growth Inv-C
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Nations Fund Port Pacific Growth Inv-N
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Nations Fund Port Glob Govt Income Tr-A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Nations Fund Port Glob Govt Income Inv-A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Nations Fund Port Glob Govt Income Inv-C
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> MAR-31-96
<PERIOD-END> SEP-30-95
<INVESTMENTS-AT-COST> 19,556,579
<INVESTMENTS-AT-VALUE> 19,543,888
<RECEIVABLES> 657,267
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<NET-ASSETS> 8,637
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<INTEREST-INCOME> 319,156
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<REALIZED-GAINS-CURRENT> (115,135)
<APPREC-INCREASE-CURRENT> 204,672
<NET-CHANGE-FROM-OPS> 348,676
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (90)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Nations Fund Port Glob Govt Income Inv-N
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> MAR-31-96
<PERIOD-END> SEP-30-95
<INVESTMENTS-AT-COST> 19,556,579
<INVESTMENTS-AT-VALUE> 19,543,888
<RECEIVABLES> 657,267
<ASSETS-OTHER> 2,867
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<NET-ASSETS> 110,030
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<EXPENSES-NET> 60,017
<NET-INVESTMENT-INCOME> 259,139
<REALIZED-GAINS-CURRENT> (115,135)
<APPREC-INCREASE-CURRENT> 204,672
<NET-CHANGE-FROM-OPS> 348,676
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (231)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 10,082
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 23
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<EXPENSE-RATIO> 2.30
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</TABLE>
