U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES - -------------------------------------------------------------------------------- 1 Name and Address of Reporting Person: Bank of America Corporation 100 North Tryon Street Charlotte, NC 28203 - -------------------------------------------------------------------------------- 2 Date of Event Requiring Statement: August 25, 2000 - -------------------------------------------------------------------------------- 3 IRS Number of Reporting Person (voluntary): 56-0906609 - -------------------------------------------------------------------------------- 4 Issuer Name and Ticker or Trading Symbol: Firearms Training Systems, Inc. (FATS) - -------------------------------------------------------------------------------- 5 Relationship of Reporting Person to Issuer: Director Officer 10% Owner X Other - -------------------------------------------------------------------------------- 6 If Amendment, Date of Original (Month/Day/Year): - -------------------------------------------------------------------------------- 7 Individual or Joint/Group Filing: Form Filed by One Reporting Person: Form Filed by More than One Reporting Person: X - -------------------------------------------------------------------------------- Form 3 Page 2 of 4 Table I Non-Derivative Securities Beneficially Owned - -------------------------------------------------------------------------------- 1 Title of Security: Class A Common Stock and Series B Preferred Stock - -------------------------------------------------------------------------------- 2 Amount of Securities Beneficially Owned: Class A Common - 12,757,426 Series B Preferred - 632,159 - -------------------------------------------------------------------------------- 3 Ownership Form: Bank of America Corporation - Indirect (I) 100 North Tryon Street Charlotte, NC 28255 NB Holdings Corporation - Indirect (I) 100 North Tryon Street Charlotte, NC 28255 Bank of America, NA - Direct (D) 100 North Tryon Street Charlotte, NC 28255 - -------------------------------------------------------------------------------- 4 Nature of Indirect Beneficial Ownership: Bank of America Corporation - Parent of NB Holdings Corporation NB Holdings Corporation - Parent of Bank of America, NA - -------------------------------------------------------------------------------- Form 3 Page 3 of 4 Table II Derivative Securities Beneficially Owned (e.g. puts, calls, warrants, options, convertible securities) - -------------------------------------------------------------------------------- 1 Title of Derivative Security: Not Applicable - -------------------------------------------------------------------------------- 2 Date Exercisable and Expiration Date (Month/Day/Year): - -------------------------------------------------------------------------------- 3 Title and Amount of Securities Underlying Derivative Security: - -------------------------------------------------------------------------------- 4 Conversion or Exercise Price of Derivative Security: - -------------------------------------------------------------------------------- 5 Ownership Form of Derivative Security: Direct (D) or Indirect (I) - -------------------------------------------------------------------------------- 6 Nature of Indirect Beneficial Ownership: - -------------------------------------------------------------------------------- Form 3 Page 4 of 4 DATE: September 5, 2000 Bank of America Corporation NB Holdings Corporation Bank of America, NA BY: /s/ REINHARD FREIMUTH Reinhard Freimuth Vice President