<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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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 JOSEPH C. VISELLI
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
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<NAME>Nations Emerging Markets Fund In-A
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
<NUMBER>014
<NAME>Nations Emerging Markets Fund In-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 25,554,095
<INVESTMENTS-AT-VALUE> 18,023,120
<RECEIVABLES> 4,522,704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 118,935
<TOTAL-ASSETS> 22,664,759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,931,826
<TOTAL-LIABILITIES> 6,931,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,081,466
<SHARES-COMMON-STOCK> 105,757
<SHARES-COMMON-PRIOR> 118,927
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (852,490)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (18,962,381)
<ACCUM-APPREC-OR-DEPREC> (7,524,877)
<NET-ASSETS> 668,300
<DIVIDEND-INCOME> 943,903
<INTEREST-INCOME> 21,174
<OTHER-INCOME> 51,081
<EXPENSES-NET> 472,925
<NET-INVESTMENT-INCOME> 543,233
<REALIZED-GAINS-CURRENT> (10,643,726)
<APPREC-INCREASE-CURRENT> (13,199,155)
<NET-CHANGE-FROM-OPS> (23,299,648)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,136)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,048
<NUMBER-OF-SHARES-REDEEMED> (25,789)
<SHARES-REINVESTED> 571
<NET-CHANGE-IN-ASSETS> (60,292,900)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (947,937)
<OVERDIST-NET-GAINS-PRIOR> (8,318,655)
<GROSS-ADVISORY-FEES> 288,975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 472,925
<AVERAGE-NET-ASSETS> 969,059
<PER-SHARE-NAV-BEGIN> 10.49
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (4.17)
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.32
<EXPENSE-RATIO> 2.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>015
<NAME>Nations Emerging Markets Fund In-C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 25,554,095
<INVESTMENTS-AT-VALUE> 18,023,120
<RECEIVABLES> 4,522,704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 118,935
<TOTAL-ASSETS> 22,664,759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,931,826
<TOTAL-LIABILITIES> 6,931,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160,052
<SHARES-COMMON-STOCK> 9,511
<SHARES-COMMON-PRIOR> 27,978
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (852,490)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (18,962,381)
<ACCUM-APPREC-OR-DEPREC> (7,524,877)
<NET-ASSETS> 59,963
<DIVIDEND-INCOME> 943,903
<INTEREST-INCOME> 21,174
<OTHER-INCOME> 51,081
<EXPENSES-NET> 472,925
<NET-INVESTMENT-INCOME> 543,233
<REALIZED-GAINS-CURRENT> (10,643,726)
<APPREC-INCREASE-CURRENT> (13,199,155)
<NET-CHANGE-FROM-OPS> (23,299,648)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,200)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,474
<NUMBER-OF-SHARES-REDEEMED> (23,083)
<SHARES-REINVESTED> 142
<NET-CHANGE-IN-ASSETS> (60,292,900)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (947,937)
<OVERDIST-NET-GAINS-PRIOR> (8,318,655)
<GROSS-ADVISORY-FEES> 288,975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 472,925
<AVERAGE-NET-ASSETS> 216,928
<PER-SHARE-NAV-BEGIN> 10.47
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (4.17)
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.30
<EXPENSE-RATIO> 2.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>011
<NAME>Nations Emerging Markets Fund Pr-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 25,554,095
<INVESTMENTS-AT-VALUE> 18,023,120
<RECEIVABLES> 4,522,704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 118,935
<TOTAL-ASSETS> 22,664,759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,931,826
<TOTAL-LIABILITIES> 6,931,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,199,321
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 6,960,615
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (852,490)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (18,962,381)
<ACCUM-APPREC-OR-DEPREC> (7,524,877)
<NET-ASSETS> 14,648,887
<DIVIDEND-INCOME> 943,903
<INTEREST-INCOME> 21,174
<OTHER-INCOME> 51,081
<EXPENSES-NET> 472,925
<NET-INVESTMENT-INCOME> 543,233
<REALIZED-GAINS-CURRENT> (10,643,726)
<APPREC-INCREASE-CURRENT> (13,199,155)
<NET-CHANGE-FROM-OPS> (23,299,648)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (437,250)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 243,849
<NUMBER-OF-SHARES-REDEEMED> (4,939,772)
<SHARES-REINVESTED> 17,897
<NET-CHANGE-IN-ASSETS> (60,292,900)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (947,937)
<OVERDIST-NET-GAINS-PRIOR> (8,318,655)
<GROSS-ADVISORY-FEES> 288,975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 472,925
<AVERAGE-NET-ASSETS> 50,702,217
<PER-SHARE-NAV-BEGIN> 10.60
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> (4.21)
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.42
<EXPENSE-RATIO> 1.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>012
<NAME>Nations Emerging Markets Fund Pr-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 25,554,095
<INVESTMENTS-AT-VALUE> 18,023,120
<RECEIVABLES> 4,522,704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 118,935
<TOTAL-ASSETS> 22,664,759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,931,826
<TOTAL-LIABILITIES> 6,931,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,488
<SHARES-COMMON-STOCK> 1,751
<SHARES-COMMON-PRIOR> 3,507
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (852,490)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (18,962,381)
<ACCUM-APPREC-OR-DEPREC> (7,524,877)
<NET-ASSETS> 11,168
<DIVIDEND-INCOME> 943,903
<INTEREST-INCOME> 21,174
<OTHER-INCOME> 51,081
<EXPENSES-NET> 472,925
<NET-INVESTMENT-INCOME> 543,233
<REALIZED-GAINS-CURRENT> (10,643,726)
<APPREC-INCREASE-CURRENT> (13,199,155)
<NET-CHANGE-FROM-OPS> (23,299,648)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (1,756)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (60,292,900)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (947,937)
<OVERDIST-NET-GAINS-PRIOR> (8,318,655)
<GROSS-ADVISORY-FEES> 288,975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 472,925
<AVERAGE-NET-ASSETS> 28,467
<PER-SHARE-NAV-BEGIN> 10.57
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> (4.21)
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.38
<EXPENSE-RATIO> 2.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>033
<NAME>Nations Global Government Income Fund In-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 13,472,191
<INVESTMENTS-AT-VALUE> 14,104,337
<RECEIVABLES> 3,658,412
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,209,935
<TOTAL-ASSETS> 18,972,684
<PAYABLE-FOR-SECURITIES> 3,184,764
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180,851
<TOTAL-LIABILITIES> 3,365,615
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,018,152
<SHARES-COMMON-STOCK> 1,475,079
<SHARES-COMMON-PRIOR> 1,486,466
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (823,610)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (202,925)
<ACCUM-APPREC-OR-DEPREC> 632,156
<NET-ASSETS> 15,287,087
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 446,043
<OTHER-INCOME> 0
<EXPENSES-NET> 182,598
<NET-INVESTMENT-INCOME> 263,606
<REALIZED-GAINS-CURRENT> (191,070)
<APPREC-INCREASE-CURRENT> 1,481,276
<NET-CHANGE-FROM-OPS> 1,553,812
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (63,724)
<DISTRIBUTIONS-OF-GAINS> (29,659)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 132,678
<NUMBER-OF-SHARES-REDEEMED> (144,118)
<SHARES-REINVESTED> 53
<NET-CHANGE-IN-ASSETS> (13,191,183)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46,832
<OVERDISTRIB-NII-PRIOR> (809,209)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,744
<INTEREST-EXPENSE> 1,156
<GROSS-EXPENSE> 182,598
<AVERAGE-NET-ASSETS> 14,621,957
<PER-SHARE-NAV-BEGIN> 9.70
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> (0.02)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.36
<EXPENSE-RATIO> 2.09
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>033
<NAME>Nations Global Government Income Fund In-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 13,472,191
<INVESTMENTS-AT-VALUE> 14,104,337
<RECEIVABLES> 3,658,412
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,209,935
<TOTAL-ASSETS> 18,972,684
<PAYABLE-FOR-SECURITIES> 3,184,764
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180,851
<TOTAL-LIABILITIES> 3,365,615
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,309
<SHARES-COMMON-STOCK> 1,679
<SHARES-COMMON-PRIOR> 16,783
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (823,610)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (202,925)
<ACCUM-APPREC-OR-DEPREC> 632,156
<NET-ASSETS> 17,397
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 446,043
<OTHER-INCOME> 0
<EXPENSES-NET> 182,598
<NET-INVESTMENT-INCOME> 263,606
<REALIZED-GAINS-CURRENT> (191,070)
<APPREC-INCREASE-CURRENT> 1,481,276
<NET-CHANGE-FROM-OPS> 1,553,812
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (646)
<DISTRIBUTIONS-OF-GAINS> (71)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,730
<NUMBER-OF-SHARES-REDEEMED> (17,987)
<SHARES-REINVESTED> 153
<NET-CHANGE-IN-ASSETS> (13,191,183)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46,832
<OVERDISTRIB-NII-PRIOR> (809,209)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,744
<INTEREST-EXPENSE> 1,156
<GROSS-EXPENSE> 182,598
<AVERAGE-NET-ASSETS> 136,454
<PER-SHARE-NAV-BEGIN> 9.70
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.02)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.36
<EXPENSE-RATIO> 2.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>035
<NAME>Nations Global Government Income Fund In-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 13,472,191
<INVESTMENTS-AT-VALUE> 14,104,337
<RECEIVABLES> 3,658,412
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,209,935
<TOTAL-ASSETS> 18,972,684
<PAYABLE-FOR-SECURITIES> 3,184,764
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180,851
<TOTAL-LIABILITIES> 3,365,615
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,569
<SHARES-COMMON-STOCK> 6,184
<SHARES-COMMON-PRIOR> 987
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (823,610)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (202,925)
<ACCUM-APPREC-OR-DEPREC> 632,156
<NET-ASSETS> 64,087
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 446,043
<OTHER-INCOME> 0
<EXPENSES-NET> 182,598
<NET-INVESTMENT-INCOME> 263,606
<REALIZED-GAINS-CURRENT> (191,070)
<APPREC-INCREASE-CURRENT> 1,481,276
<NET-CHANGE-FROM-OPS> 1,553,812
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,697)
<DISTRIBUTIONS-OF-GAINS> (283)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,133
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 64
<NET-CHANGE-IN-ASSETS> (13,191,183)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46,832
<OVERDISTRIB-NII-PRIOR> (809,209)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,744
<INTEREST-EXPENSE> 1,156
<GROSS-EXPENSE> 182,598
<AVERAGE-NET-ASSETS> 53,284
<PER-SHARE-NAV-BEGIN> 9.70
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.02)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.36
<EXPENSE-RATIO> 2.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>031
<NAME>Nations Global Government Income Fund Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 13,472,191
<INVESTMENTS-AT-VALUE> 14,104,337
<RECEIVABLES> 3,658,412
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,209,935
<TOTAL-ASSETS> 18,972,684
<PAYABLE-FOR-SECURITIES> 3,184,764
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180,851
<TOTAL-LIABILITIES> 3,365,615
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 907,713
<SHARES-COMMON-STOCK> 23,009
<SHARES-COMMON-PRIOR> 1,463,408
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (823,610)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (202,925)
<ACCUM-APPREC-OR-DEPREC> 632,156
<NET-ASSETS> 238,488
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 446,043
<OTHER-INCOME> 0
<EXPENSES-NET> 182,598
<NET-INVESTMENT-INCOME> 263,606
<REALIZED-GAINS-CURRENT> (191,070)
<APPREC-INCREASE-CURRENT> 1,481,276
<NET-CHANGE-FROM-OPS> 1,553,812
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (211,940)
<DISTRIBUTIONS-OF-GAINS> (28,674)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,677
<NUMBER-OF-SHARES-REDEEMED> (1,455,516)
<SHARES-REINVESTED> 2,440
<NET-CHANGE-IN-ASSETS> (13,191,183)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46,832
<OVERDISTRIB-NII-PRIOR> (809,209)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,744
<INTEREST-EXPENSE> 1,156
<GROSS-EXPENSE> 182,598
<AVERAGE-NET-ASSETS> 2,781,606
<PER-SHARE-NAV-BEGIN> 9.70
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> (0.17)
<PER-SHARE-DISTRIBUTIONS> (0.02)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.36
<EXPENSE-RATIO> 1.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>032
<NAME>Nations Global Government Income Fund Pr-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 13,472,191
<INVESTMENTS-AT-VALUE> 14,104,337
<RECEIVABLES> 3,658,412
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,209,935
<TOTAL-ASSETS> 18,972,684
<PAYABLE-FOR-SECURITIES> 3,184,764
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180,851
<TOTAL-LIABILITIES> 3,365,615
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 705
<SHARES-COMMON-STOCK> 1
<SHARES-COMMON-PRIOR> 1
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (823,610)
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<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 446,043
<OTHER-INCOME> 0
<EXPENSES-NET> 182,598
<NET-INVESTMENT-INCOME> 263,606
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<APPREC-INCREASE-CURRENT> 1,481,276
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<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> (0.17)
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<PER-SHARE-NAV-END> 10.36
<EXPENSE-RATIO> 1.84
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>023
<NAME> Nations Paciifc Growth Fund In-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 15,099,184
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<OTHER-ITEMS-ASSETS> 532,290
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<DIVIDEND-INCOME> 687,071
<INTEREST-INCOME> 117,778
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<EXPENSES-NET> 335,465
<NET-INVESTMENT-INCOME> 502,761
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<ACCUMULATED-NII-PRIOR> 0
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<EXPENSE-RATIO> 2.02
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>024
<NAME> Nations Paciifc Growth Fund In-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 15,099,184
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<EXPENSES-NET> 335,465
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 025
<NAME> Nations Pacific Growth Fund In-C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 15,099,184
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<NET-INVESTMENT-INCOME> 502,761
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<NET-CHANGE-IN-ASSETS> (44,102,236)
<ACCUMULATED-NII-PRIOR> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>021
<NAME>Nations Pacific Growth Fund Pr-A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 15,099,184
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<NET-INVESTMENT-INCOME> 502,761
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<OVERDISTRIB-NII-PRIOR> (705,720)
<OVERDIST-NET-GAINS-PRIOR> (31,002,449)
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<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>022
<NAME>Nations Pacific Growth Fund Pr-B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 15,099,184
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<DIVIDEND-INCOME> 687,071
<INTEREST-INCOME> 117,778
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<EXPENSES-NET> 335,465
<NET-INVESTMENT-INCOME> 502,761
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<NET-CHANGE-IN-ASSETS> (44,102,236)
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<OVERDISTRIB-NII-PRIOR> (705,720)
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</TABLE>
