NationsBank Corporation   
Charlotte, NC  28255      
Tel 704 386-5000          

Pricing Supplement No. 0106 Dated January 4, 1996         Rule 424(b)(2)     
(To Prospectus dated February 24, 1995 and                File number: 33-57533
Prospectus Supplement dated February 28, 1995)         


Subordinated Medium-Term Notes, Series D                     
Due Nine Months or More From Date of Issue                   

Principal Amount:                                    $  25,000,000.00

Issue Price: (See (1) below)             100.000%    $  25,000,000.00
Commission or Discount:                    2.100%    $     525,000.00
Proceeds to Company:                      97.900%    $  24,475,000.00


Agent:                            Merrill Lynch & Co., as Principal     


Original Issue Date:              January 11, 1996     
Stated Maturity Date:             February 15, 2011    

Cusip #:                          63858S-AH-2    

Form:                             Book entry only         


Interest Rate:                    6.610% Fixed                 

Interest Payment Dates:           15th of each month, commencing   
                                  February 15, 1996                

Discount Note?                                                   No  

May the Notes be redeemed by the Company prior to maturity?      Yes   02/15/00

The notes will be subject to redemption at the option of the Company, 
in whole, on the Interest Payment Date occurring February 15, 2000 and 
each Interest Payment Date occurring in July or February thereafter at 
a redemption price equal to 100% of the principal amount of the Notes 
upon at least 30 calendar days prior notice.                


May the notes be repaid prior to maturity at the option of 
the holder?                                                      No            


Interest rates offered by the Company with respect to offerings of 
medium term notes may differ depending upon, among other things, the 
aggregate principal amount of the such notes purchased in any single 
transaction.                                                

(1):    Notes purchased by the Agent as principal may be resold to 
        investors and other purchasers at varying prices relating to 
        prevailing market prices at the time of resale as determined 
        by Merrill Lynch & Co..