NATIONS FUND PORTFOLIOS INC
NSAR-B, 1998-06-15
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<PAGE>      PAGE  1
000 B000000 03/31/98
000 C000000 939633
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 A
001 A000000 NATIONS FUND PORTFOLIOS, INC.
001 B000000 811-8982
001 C000000 6175731351
002 A000000 ONE NATIONS BANK PLAZA
002 B000000 CHARLOTTE
002 C000000 NC
002 D010000 28255
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 NATIONS EMERGING MARKETS FUND
007 C030100 N
007 C010200  2
007 C020200 NATIONS PACIFIC GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 NATIONS GLOBAL GOVERNMENT INCOME FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
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008 B00AA01 A
008 C00AA01 801-9999
008 D01AA01 CHARLOTTE
008 D02AA01 NC
008 D03AA01 28255
008 A00AA02 GARTMORE GLOBAL PARTNERS
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008 D01AA02 CHARLOTTE
008 D02AA02 NC
008 D03AA02 28255
010 A00AA01 STEPHENS INC.
<PAGE>      PAGE  2
010 B00AA01 84-9999
010 C01AA01 LITTLE ROCK
010 C02AA01 AK
010 C03AA01 72201
010 A00AA02 FIRST DATA INVESTOR SERVICES GROUP INC.
010 B00AA02 84-1761
010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02109
011 A00AA01 STEPHENS INC.
011 B00AA01 8-4-9999
011 C01AA01 LITTLE ROCK
011 C02AA01 AK
011 C03AA01 72201
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-1761
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 NATIONSBANK SECURITIES INC.
014 B00AA01 8-33805
014 A00AA02 NATIONS MONTGOMERY SECURITIES LLC
014 B00AA02 8-999999
014 A00AA03 NATIONAL WESTMINISTER BANK
014 B00AA03 8-999999
015 A00AA01 BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
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<PAGE>      PAGE  3
020 A000006 UBS SECURITIES
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020 A000008 RASHID HUSSAIN SECURITIES
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022 A000001 BZW SECURITIES INC.
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022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002      6427
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022 A000003 MORGAN (J.P.) SECURITIES INC.
022 B000003 13-3224016
022 C000003      4595
022 D000003      9576
022 A000004 WARBURG SECURITIES INC.
022 B000004 13-3243112
022 C000004      5190
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022 A000005 MORGAN STANLEY & CO.
022 B000005 13-2655998
022 C000005      4021
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022 A000006 MERRILL LYNCH PIERCE FENNER & SMITH INC.
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022 A000007 DEUTSCHE MORGAN GRENFELL
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022 A000008 UBS LIMITED, LONDON
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<PAGE>      PAGE  5
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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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  17
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SIGNATURE   RICHARD ROSE                                 
TITLE       TREASURER           
 

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-31-1998
<PERIOD-END>                             MAR-31-1998
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<RECEIVABLES>                                                1,119,499
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<OTHER-ITEMS-ASSETS>                                         1,390,609
<TOTAL-ASSETS>                                              77,072,031
<PAYABLE-FOR-SECURITIES>                                       648,590
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      397,607
<TOTAL-LIABILITIES>                                          1,046,197
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    77,414,433
<SHARES-COMMON-STOCK>                                        6,960,615
<SHARES-COMMON-PRIOR>                                        6,702,785
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (947,937)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                    (8,318,655)
<ACCUM-APPREC-OR-DEPREC>                                     5,674,278
<NET-ASSETS>                                                73,796,652
<DIVIDEND-INCOME>                                            1,480,659
<INTEREST-INCOME>                                              155,206
<OTHER-INCOME>                                                  99,189
<EXPENSES-NET>                                               1,431,796
<NET-INVESTMENT-INCOME>                                        303,258
<REALIZED-GAINS-CURRENT>                                    (8,220,940)
<APPREC-INCREASE-CURRENT>                                   (2,211,270)
<NET-CHANGE-FROM-OPS>                                      (10,128,952)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                     (727,867)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      3,664,626
<NUMBER-OF-SHARES-REDEEMED>                                 (3,424,356)
<SHARES-REINVESTED>                                             17,560
<NET-CHANGE-IN-ASSETS>                                      (3,376,929)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                       (426,539)
<OVERDIST-NET-GAINS-PRIOR>                                    (203,980)
<GROSS-ADVISORY-FEES>                                          988,113
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,431,796
<AVERAGE-NET-ASSETS>                                        87,024,592
<PER-SHARE-NAV-BEGIN>                                            11.41
<PER-SHARE-NII>                                                   0.04
<PER-SHARE-GAIN-APPREC>                                          (0.76)
<PER-SHARE-DIVIDEND>                                             (0.09)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              10.60
<EXPENSE-RATIO>                                                   1.57
<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-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       68,888,684
<INVESTMENTS-AT-VALUE>                                      74,561,923
<RECEIVABLES>                                                1,119,499
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         1,390,609
<TOTAL-ASSETS>                                              77,072,031
<PAYABLE-FOR-SECURITIES>                                       648,590
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      397,607
<TOTAL-LIABILITIES>                                          1,046,197
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                        52,339
<SHARES-COMMON-STOCK>                                            3,507
<SHARES-COMMON-PRIOR>                                           26,396
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (947,937)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                    (8,318,655)
<ACCUM-APPREC-OR-DEPREC>                                     5,674,278
<NET-ASSETS>                                                    37,059
<DIVIDEND-INCOME>                                            1,480,659
<INTEREST-INCOME>                                              155,206
<OTHER-INCOME>                                                  99,189
<EXPENSES-NET>                                               1,431,796
<NET-INVESTMENT-INCOME>                                        303,258
<REALIZED-GAINS-CURRENT>                                    (8,220,940)
<APPREC-INCREASE-CURRENT>                                   (2,211,270)
<NET-CHANGE-FROM-OPS>                                      (10,128,952)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                       (1,293)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                         18,046
<NUMBER-OF-SHARES-REDEEMED>                                    (41,001)
<SHARES-REINVESTED>                                                 66
<NET-CHANGE-IN-ASSETS>                                      (3,376,929)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                       (426,539)
<OVERDIST-NET-GAINS-PRIOR>                                    (203,980)
<GROSS-ADVISORY-FEES>                                          988,113
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,431,796
<AVERAGE-NET-ASSETS>                                           178,063
<PER-SHARE-NAV-BEGIN>                                            11.40
<PER-SHARE-NII>                                                  (0.02)
<PER-SHARE-GAIN-APPREC>                                          (0.75)
<PER-SHARE-DIVIDEND>                                             (0.06)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              10.57
<EXPENSE-RATIO>                                                   2.07
<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>013
              <NAME>Nations Emerging Markets Fund In-A
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       68,888,684
<INVESTMENTS-AT-VALUE>                                      74,561,923
<RECEIVABLES>                                                1,119,499
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         1,390,609
<TOTAL-ASSETS>                                              77,072,031
<PAYABLE-FOR-SECURITIES>                                       648,590
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      397,607
<TOTAL-LIABILITIES>                                          1,046,197
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                       669,502
<SHARES-COMMON-STOCK>                                           61,701
<SHARES-COMMON-PRIOR>                                           78,468
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (947,937)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                    (8,318,655)
<ACCUM-APPREC-OR-DEPREC>                                     5,674,278
<NET-ASSETS>                                                   651,994
<DIVIDEND-INCOME>                                            1,480,659
<INTEREST-INCOME>                                              155,206
<OTHER-INCOME>                                                  99,189
<EXPENSES-NET>                                               1,431,796
<NET-INVESTMENT-INCOME>                                        303,258
<REALIZED-GAINS-CURRENT>                                    (8,220,940)
<APPREC-INCREASE-CURRENT>                                   (2,211,270)
<NET-CHANGE-FROM-OPS>                                      (10,128,952)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                       (6,803)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                        172,116
<NUMBER-OF-SHARES-REDEEMED>                                   (189,410)
<SHARES-REINVESTED>                                                527
<NET-CHANGE-IN-ASSETS>                                      (3,376,929)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                       (426,539)
<OVERDIST-NET-GAINS-PRIOR>                                    (203,980)
<GROSS-ADVISORY-FEES>                                          988,113
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,431,796
<AVERAGE-NET-ASSETS>                                           966,589
<PER-SHARE-NAV-BEGIN>                                            11.39
<PER-SHARE-NII>                                                   0.01
<PER-SHARE-GAIN-APPREC>                                          (0.75)
<PER-SHARE-DIVIDEND>                                             (0.08)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              10.57
<EXPENSE-RATIO>                                                   1.82
<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>014
              <NAME>Nations Emerging Markets Fund In-B
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       68,888,684
<INVESTMENTS-AT-VALUE>                                      74,561,923
<RECEIVABLES>                                                1,119,499
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         1,390,609
<TOTAL-ASSETS>                                              77,072,031
<PAYABLE-FOR-SECURITIES>                                       648,590
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      397,607
<TOTAL-LIABILITIES>                                          1,046,197
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                     1,195,829
<SHARES-COMMON-STOCK>                                          118,927
<SHARES-COMMON-PRIOR>                                          132,498
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (947,937)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                    (8,318,655)
<ACCUM-APPREC-OR-DEPREC>                                     5,674,278
<NET-ASSETS>                                                 1,247,166
<DIVIDEND-INCOME>                                            1,480,659
<INTEREST-INCOME>                                              155,206
<OTHER-INCOME>                                                  99,189
<EXPENSES-NET>                                               1,431,796
<NET-INVESTMENT-INCOME>                                        303,258
<REALIZED-GAINS-CURRENT>                                    (8,220,940)
<APPREC-INCREASE-CURRENT>                                   (2,211,270)
<NET-CHANGE-FROM-OPS>                                      (10,128,952)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                            0
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                         22,244
<NUMBER-OF-SHARES-REDEEMED>                                    (35,815)
<SHARES-REINVESTED>                                                  0
<NET-CHANGE-IN-ASSETS>                                      (3,376,929)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                       (426,539)
<OVERDIST-NET-GAINS-PRIOR>                                    (203,980)
<GROSS-ADVISORY-FEES>                                          988,113
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,431,796
<AVERAGE-NET-ASSETS>                                         1,418,882
<PER-SHARE-NAV-BEGIN>                                            11.31
<PER-SHARE-NII>                                                  (0.07)
<PER-SHARE-GAIN-APPREC>                                          (0.75)
<PER-SHARE-DIVIDEND>                                              0.00
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              10.49
<EXPENSE-RATIO>                                                   2.57
<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-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       68,888,684
<INVESTMENTS-AT-VALUE>                                      74,561,923
<RECEIVABLES>                                                1,119,499
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         1,390,609
<TOTAL-ASSETS>                                              77,072,031
<PAYABLE-FOR-SECURITIES>                                       648,590
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      397,607
<TOTAL-LIABILITIES>                                          1,046,197
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                       286,044
<SHARES-COMMON-STOCK>                                           27,978
<SHARES-COMMON-PRIOR>                                           19,926
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (947,937)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                    (8,318,655)
<ACCUM-APPREC-OR-DEPREC>                                     5,674,278
<NET-ASSETS>                                                   292,963
<DIVIDEND-INCOME>                                            1,480,659
<INTEREST-INCOME>                                              155,206
<OTHER-INCOME>                                                  99,189
<EXPENSES-NET>                                               1,431,796
<NET-INVESTMENT-INCOME>                                        303,258
<REALIZED-GAINS-CURRENT>                                    (8,220,940)
<APPREC-INCREASE-CURRENT>                                   (2,211,270)
<NET-CHANGE-FROM-OPS>                                      (10,128,952)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                       (1,349)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                         10,163
<NUMBER-OF-SHARES-REDEEMED>                                     (2,221)
<SHARES-REINVESTED>                                                110
<NET-CHANGE-IN-ASSETS>                                      (3,376,929)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                       (426,539)
<OVERDIST-NET-GAINS-PRIOR>                                    (203,980)
<GROSS-ADVISORY-FEES>                                          988,113
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,431,796
<AVERAGE-NET-ASSETS>                                           240,827
<PER-SHARE-NAV-BEGIN>                                            11.34
<PER-SHARE-NII>                                                  (0.05)
<PER-SHARE-GAIN-APPREC>                                          (0.75)
<PER-SHARE-DIVIDEND>                                             (0.07)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              10.47
<EXPENSE-RATIO>                                                   2.41
<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>021
              <NAME>Nations Pacific Growth Fund Pr-A
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       55,046,200
<INVESTMENTS-AT-VALUE>                                      56,055,548
<RECEIVABLES>                                                2,237,465
<ASSETS-OTHER>                                               5,423,837
<OTHER-ITEMS-ASSETS>                                         6,861,332
<TOTAL-ASSETS>                                              65,154,345
<PAYABLE-FOR-SECURITIES>                                       742,924
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                   13,290,611
<TOTAL-LIABILITIES>                                          8,609,698
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    84,212,634
<SHARES-COMMON-STOCK>                                        7,475,095
<SHARES-COMMON-PRIOR>                                       11,808,618
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (705,720)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                   (31,002,449)
<ACCUM-APPREC-OR-DEPREC>                                     1,068,840
<NET-ASSETS>                                                54,409,223
<DIVIDEND-INCOME>                                            1,951,047
<INTEREST-INCOME>                                              306,304
<OTHER-INCOME>                                                  36,189
<EXPENSES-NET>                                               1,384,104
<NET-INVESTMENT-INCOME>                                        909,436
<REALIZED-GAINS-CURRENT>                                   (24,858,657)
<APPREC-INCREASE-CURRENT>                                   (8,490,354)
<NET-CHANGE-FROM-OPS>                                      (32,439,575)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                   (2,134,835)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      5,065,224
<NUMBER-OF-SHARES-REDEEMED>                                 (9,468,232)
<SHARES-REINVESTED>                                             69,485
<NET-CHANGE-IN-ASSETS>                                     (71,909,626)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                        (75,460)
<OVERDIST-NET-GAINS-PRIOR>                                  (5,534,245)
<GROSS-ADVISORY-FEES>                                          540,974
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,384,104
<AVERAGE-NET-ASSETS>                                        95,113,074
<PER-SHARE-NAV-BEGIN>                                            10.41
<PER-SHARE-NII>                                                   0.09
<PER-SHARE-GAIN-APPREC>                                          (3.01)
<PER-SHARE-DIVIDEND>                                             (0.21)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               7.28
<EXPENSE-RATIO>                                                   1.37
<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>022
              <NAME>Nations Pacific Growth Fund Pr-B
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       55,046,200
<INVESTMENTS-AT-VALUE>                                      56,055,548
<RECEIVABLES>                                                2,237,465
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         6,861,332
<TOTAL-ASSETS>                                              65,154,345
<PAYABLE-FOR-SECURITIES>                                       742,924
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    7,866,774
<TOTAL-LIABILITIES>                                          8,609,698
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                       146,450
<SHARES-COMMON-STOCK>                                            3,701
<SHARES-COMMON-PRIOR>                                           59,440
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (705,720)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                   (31,002,449)
<ACCUM-APPREC-OR-DEPREC>                                     1,068,840
<NET-ASSETS>                                                    27,040
<DIVIDEND-INCOME>                                            1,951,047
<INTEREST-INCOME>                                              306,304
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                               1,384,104
<NET-INVESTMENT-INCOME>                                        909,436
<REALIZED-GAINS-CURRENT>                                   (24,858,657)
<APPREC-INCREASE-CURRENT>                                   (8,490,354)
<NET-CHANGE-FROM-OPS>                                      (32,439,575)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                       (5,431)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                         12,212
<NUMBER-OF-SHARES-REDEEMED>                                    (68,336)
<SHARES-REINVESTED>                                                385
<NET-CHANGE-IN-ASSETS>                                     (71,909,626)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                        (75,460)
<OVERDIST-NET-GAINS-PRIOR>                                  (5,534,245)
<GROSS-ADVISORY-FEES>                                          540,974
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,384,104
<AVERAGE-NET-ASSETS>                                           336,715
<PER-SHARE-NAV-BEGIN>                                            10.39
<PER-SHARE-NII>                                                   0.05
<PER-SHARE-GAIN-APPREC>                                          (3.00)
<PER-SHARE-DIVIDEND>                                             (0.12)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               7.31
<EXPENSE-RATIO>                                                   1.87
<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>023
              <NAME> Nations Paciifc Growth Fund In-A
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       55,046,200
<INVESTMENTS-AT-VALUE>                                      56,055,548
<RECEIVABLES>                                                2,237,465
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         6,861,332
<TOTAL-ASSETS>                                              65,154,345
<PAYABLE-FOR-SECURITIES>                                       742,924
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    7,866,774
<TOTAL-LIABILITIES>                                          8,609,698
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                     1,158,375
<SHARES-COMMON-STOCK>                                          119,567
<SHARES-COMMON-PRIOR>                                          239,029
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (705,720)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                   (31,002,449)
<ACCUM-APPREC-OR-DEPREC>                                     1,068,840
<NET-ASSETS>                                                   871,364
<DIVIDEND-INCOME>                                            1,951,047
<INTEREST-INCOME>                                              306,304
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                               1,384,104
<NET-INVESTMENT-INCOME>                                        909,436
<REALIZED-GAINS-CURRENT>                                   (24,858,657)
<APPREC-INCREASE-CURRENT>                                   (8,490,354)
<NET-CHANGE-FROM-OPS>                                      (32,439,575)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                      (33,937)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      2,477,765
<NUMBER-OF-SHARES-REDEEMED>                                 (2,600,292)
<SHARES-REINVESTED>                                              3,065
<NET-CHANGE-IN-ASSETS>                                     (71,909,626)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                        (75,460)
<OVERDIST-NET-GAINS-PRIOR>                                  (5,534,245)
<GROSS-ADVISORY-FEES>                                          540,974
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,384,104
<AVERAGE-NET-ASSETS>                                         2,123,403
<PER-SHARE-NAV-BEGIN>                                            10.37
<PER-SHARE-NII>                                                   0.07
<PER-SHARE-GAIN-APPREC>                                          (2.98)
<PER-SHARE-DIVIDEND>                                             (0.17)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               7.29
<EXPENSE-RATIO>                                                   1.62
<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>024
              <NAME> Nations Paciifc Growth Fund In-B
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       55,046,200
<INVESTMENTS-AT-VALUE>                                      56,055,548
<RECEIVABLES>                                                2,237,465
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         6,861,332
<TOTAL-ASSETS>                                              65,154,345
<PAYABLE-FOR-SECURITIES>                                       742,924
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    7,866,774
<TOTAL-LIABILITIES>                                          8,609,698
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                     1,598,970
<SHARES-COMMON-STOCK>                                          164,185
<SHARES-COMMON-PRIOR>                                          229,680
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (705,720)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                   (31,002,449)
<ACCUM-APPREC-OR-DEPREC>                                     1,068,840
<NET-ASSETS>                                                 1,194,682
<DIVIDEND-INCOME>                                            1,951,047
<INTEREST-INCOME>                                              306,304
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                               1,384,104
<NET-INVESTMENT-INCOME>                                        909,436
<REALIZED-GAINS-CURRENT>                                   (24,858,657)
<APPREC-INCREASE-CURRENT>                                   (8,490,354)
<NET-CHANGE-FROM-OPS>                                      (32,439,575)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                       (4,905)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                         16,918
<NUMBER-OF-SHARES-REDEEMED>                                    (83,096)
<SHARES-REINVESTED>                                                683
<NET-CHANGE-IN-ASSETS>                                     (71,909,626)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                        (75,460)
<OVERDIST-NET-GAINS-PRIOR>                                  (5,534,245)
<GROSS-ADVISORY-FEES>                                          540,974
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,384,104
<AVERAGE-NET-ASSETS>                                         1,716,011
<PER-SHARE-NAV-BEGIN>                                            10.30
<PER-SHARE-NII>                                                  (0.01)
<PER-SHARE-GAIN-APPREC>                                          (2.99)
<PER-SHARE-DIVIDEND>                                             (0.03)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               7.28
<EXPENSE-RATIO>                                                   2.37
<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> 025
              <NAME> Nations Pacific Growth Fund In-C
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       55,046,200
<INVESTMENTS-AT-VALUE>                                      56,055,548
<RECEIVABLES>                                                2,237,465
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                         6,861,332
<TOTAL-ASSETS>                                              65,154,345
<PAYABLE-FOR-SECURITIES>                                       742,924
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    7,866,774
<TOTAL-LIABILITIES>                                          8,609,698
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                        67,547
<SHARES-COMMON-STOCK>                                            5,844
<SHARES-COMMON-PRIOR>                                            9,905
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (705,720)
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                   (31,002,449)
<ACCUM-APPREC-OR-DEPREC>                                     1,068,840
<NET-ASSETS>                                                    42,338
<DIVIDEND-INCOME>                                            1,951,047
<INTEREST-INCOME>                                              306,304
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                               1,384,104
<NET-INVESTMENT-INCOME>                                        909,436
<REALIZED-GAINS-CURRENT>                                   (24,858,657)
<APPREC-INCREASE-CURRENT>                                   (8,490,354)
<NET-CHANGE-FROM-OPS>                                      (32,439,575)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                       (1,211)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                          1,133
<NUMBER-OF-SHARES-REDEEMED>                                     (5,284)
<SHARES-REINVESTED>                                                 90
<NET-CHANGE-IN-ASSETS>                                     (71,909,626)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                        (75,460)
<OVERDIST-NET-GAINS-PRIOR>                                  (5,534,245)
<GROSS-ADVISORY-FEES>                                          540,974
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,384,104
<AVERAGE-NET-ASSETS>                                            78,153
<PER-SHARE-NAV-BEGIN>                                            10.34
<PER-SHARE-NII>                                                   0.01
<PER-SHARE-GAIN-APPREC>                                          (2.98)
<PER-SHARE-DIVIDEND>                                             (0.13)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               7.24
<EXPENSE-RATIO>                                                   2.20
<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>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       29,129,942
<INVESTMENTS-AT-VALUE>                                      28,284,749
<RECEIVABLES>                                                1,778,305
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                           138,947
<TOTAL-ASSETS>                                              30,202,001
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    1,403,749
<TOTAL-LIABILITIES>                                          1,403,749
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    15,103,259
<SHARES-COMMON-STOCK>                                        1,463,408
<SHARES-COMMON-PRIOR>                                        2,873,289
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (809,209)
<ACCUMULATED-NET-GAINS>                                         46,832
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (849,120)
<NET-ASSETS>                                                14,200,356
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                            2,172,754
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 581,142
<NET-INVESTMENT-INCOME>                                      1,595,385
<REALIZED-GAINS-CURRENT>                                      (750,488)
<APPREC-INCREASE-CURRENT>                                      635,700
<NET-CHANGE-FROM-OPS>                                        1,480,597
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                     (815,497)
<DISTRIBUTIONS-OF-GAINS>                                      (299,095)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                         53,379
<NUMBER-OF-SHARES-REDEEMED>                                 (1,560,422)
<SHARES-REINVESTED>                                             97,162
<NET-CHANGE-IN-ASSETS>                                     (14,643,749)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                      116,795
<OVERDISTRIB-NII-PRIOR>                                        (38,979)
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          179,095
<INTEREST-EXPENSE>                                               3,418
<GROSS-EXPENSE>                                                581,142
<AVERAGE-NET-ASSETS>                                        26,061,830
<PER-SHARE-NAV-BEGIN>                                             9.79
<PER-SHARE-NII>                                                   0.04
<PER-SHARE-GAIN-APPREC>                                           0.29
<PER-SHARE-DIVIDEND>                                             (0.31)
<PER-SHARE-DISTRIBUTIONS>                                        (0.11)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.70
<EXPENSE-RATIO>                                                   1.31
<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>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       29,129,942
<INVESTMENTS-AT-VALUE>                                      28,284,749
<RECEIVABLES>                                                1,778,305
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                           138,947
<TOTAL-ASSETS>                                              30,202,001
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    1,403,749
<TOTAL-LIABILITIES>                                          1,403,749
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                           705
<SHARES-COMMON-STOCK>                                                1
<SHARES-COMMON-PRIOR>                                              527
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (809,209)
<ACCUMULATED-NET-GAINS>                                         46,832
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (849,120)
<NET-ASSETS>                                                        10
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                            2,172,754
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 581,142
<NET-INVESTMENT-INCOME>                                      1,595,385
<REALIZED-GAINS-CURRENT>                                      (750,488)
<APPREC-INCREASE-CURRENT>                                      635,700
<NET-CHANGE-FROM-OPS>                                        1,480,597
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                           (2)
<DISTRIBUTIONS-OF-GAINS>                                            (4)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                              0
<NUMBER-OF-SHARES-REDEEMED>                                       (526)
<SHARES-REINVESTED>                                                  0
<NET-CHANGE-IN-ASSETS>                                     (14,643,749)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                      116,795
<OVERDISTRIB-NII-PRIOR>                                        (38,979)
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          179,095
<INTEREST-EXPENSE>                                               3,418
<GROSS-EXPENSE>                                                581,142
<AVERAGE-NET-ASSETS>                                               150
<PER-SHARE-NAV-BEGIN>                                             9.79
<PER-SHARE-NII>                                                  61.14
<PER-SHARE-GAIN-APPREC>                                         (61.00)
<PER-SHARE-DIVIDEND>                                             (0.13)
<PER-SHARE-DISTRIBUTIONS>                                        (0.10)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.70
<EXPENSE-RATIO>                                                   1.81
<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>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       29,129,942
<INVESTMENTS-AT-VALUE>                                      28,284,749
<RECEIVABLES>                                                1,778,305
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                           138,947
<TOTAL-ASSETS>                                              30,202,001
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    1,403,749
<TOTAL-LIABILITIES>                                          1,403,749
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    15,127,980
<SHARES-COMMON-STOCK>                                        1,486,466
<SHARES-COMMON-PRIOR>                                        1,542,772
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (809,209)
<ACCUMULATED-NET-GAINS>                                         46,832
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (849,120)
<NET-ASSETS>                                                14,425,441
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                            2,172,754
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 581,142
<NET-INVESTMENT-INCOME>                                      1,595,385
<REALIZED-GAINS-CURRENT>                                      (750,488)
<APPREC-INCREASE-CURRENT>                                      635,700
<NET-CHANGE-FROM-OPS>                                        1,480,597
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                     (430,054)
<DISTRIBUTIONS-OF-GAINS>                                      (168,780)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                         17,222
<NUMBER-OF-SHARES-REDEEMED>                                    (75,581)
<SHARES-REINVESTED>                                              2,053
<NET-CHANGE-IN-ASSETS>                                     (14,643,749)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                      116,795
<OVERDISTRIB-NII-PRIOR>                                        (38,979)
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          179,095
<INTEREST-EXPENSE>                                               3,418
<GROSS-EXPENSE>                                                581,142
<AVERAGE-NET-ASSETS>                                        14,963,700
<PER-SHARE-NAV-BEGIN>                                             9.79
<PER-SHARE-NII>                                                   0.18
<PER-SHARE-GAIN-APPREC>                                           0.13
<PER-SHARE-DIVIDEND>                                             (0.28)
<PER-SHARE-DISTRIBUTIONS>                                        (0.11)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.70
<EXPENSE-RATIO>                                                   1.56
<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>034
              <NAME>Nations Global Government Income Fund In-B
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       29,129,942
<INVESTMENTS-AT-VALUE>                                      28,284,749
<RECEIVABLES>                                                1,778,305
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                           138,947
<TOTAL-ASSETS>                                              30,202,001
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    1,403,749
<TOTAL-LIABILITIES>                                          1,403,749
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                       167,947
<SHARES-COMMON-STOCK>                                           16,783
<SHARES-COMMON-PRIOR>                                           19,719
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (809,209)
<ACCUMULATED-NET-GAINS>                                         46,832
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (849,120)
<NET-ASSETS>                                                   162,865
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                            2,172,754
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 581,142
<NET-INVESTMENT-INCOME>                                      1,595,385
<REALIZED-GAINS-CURRENT>                                      (750,488)
<APPREC-INCREASE-CURRENT>                                      635,700
<NET-CHANGE-FROM-OPS>                                        1,480,597
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                       (3,600)
<DISTRIBUTIONS-OF-GAINS>                                        (1,813)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                             51
<NUMBER-OF-SHARES-REDEEMED>                                     (3,538)
<SHARES-REINVESTED>                                                551
<NET-CHANGE-IN-ASSETS>                                     (14,643,749)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                      116,795
<OVERDISTRIB-NII-PRIOR>                                        (38,979)
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          179,095
<INTEREST-EXPENSE>                                               3,418
<GROSS-EXPENSE>                                                581,142
<AVERAGE-NET-ASSETS>                                           161,936
<PER-SHARE-NAV-BEGIN>                                             9.79
<PER-SHARE-NII>                                                   0.12
<PER-SHARE-GAIN-APPREC>                                           0.12
<PER-SHARE-DIVIDEND>                                             (0.22)
<PER-SHARE-DISTRIBUTIONS>                                        (0.11)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.70
<EXPENSE-RATIO>                                                   2.21
<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>                            12-MOS
<FISCAL-YEAR-END>                        MAR-31-1998
<PERIOD-END>                             MAR-31-1998
<INVESTMENTS-AT-COST>                                       29,129,942
<INVESTMENTS-AT-VALUE>                                      28,284,749
<RECEIVABLES>                                                1,778,305
<ASSETS-OTHER>                                                       0
<OTHER-ITEMS-ASSETS>                                           138,947
<TOTAL-ASSETS>                                              30,202,001
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                    1,403,749
<TOTAL-LIABILITIES>                                          1,403,749
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                         9,859
<SHARES-COMMON-STOCK>                                              987
<SHARES-COMMON-PRIOR>                                              941
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                        (809,209)
<ACCUMULATED-NET-GAINS>                                         46,832
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (849,120)
<NET-ASSETS>                                                     9,580
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                            2,172,754
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 581,142
<NET-INVESTMENT-INCOME>                                      1,595,385
<REALIZED-GAINS-CURRENT>                                      (750,488)
<APPREC-INCREASE-CURRENT>                                      635,700
<NET-CHANGE-FROM-OPS>                                        1,480,597
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                         (225)
<DISTRIBUTIONS-OF-GAINS>                                          (105)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                             11
<NUMBER-OF-SHARES-REDEEMED>                                          0
<SHARES-REINVESTED>                                                 35
<NET-CHANGE-IN-ASSETS>                                     (14,643,749)
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                      116,795
<OVERDISTRIB-NII-PRIOR>                                        (38,979)
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          179,095
<INTEREST-EXPENSE>                                               3,418
<GROSS-EXPENSE>                                                581,142
<AVERAGE-NET-ASSETS>                                             9,410
<PER-SHARE-NAV-BEGIN>                                             9.79
<PER-SHARE-NII>                                                   0.14
<PER-SHARE-GAIN-APPREC>                                           0.11
<PER-SHARE-DIVIDEND>                                             (0.23)
<PER-SHARE-DISTRIBUTIONS>                                        (0.11)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.70
<EXPENSE-RATIO>                                                   2.03
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                            0.0000


</TABLE>


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