NationsBank Corporation   
Charlotte, NC  28255      
Tel 704 386-5000          

Pricing Supplement No. 0127 Dated April 9, 1996        Rule 424(b)(2)     
(To Prospectus dated November 24, 1995 and             File number: 33-63097   
Prospectus Supplement dated January 10, 1996)       


Senior Medium-Term Notes, Series E                           
Due Nine Months or More From Date of Issue                   

Principal Amount:                                    $  50,000,000.00
Issue Price:                             100.000%    $  50,000,000.00
Commission or Discount:                    0.691%    $     345,500.00
Proceeds to Company:                      99.309%    $  49,654,500.00


Agent:                            J.P. Morgan Securities Inc., as Principal 
                                                                            

Original Issue Date:              April 12, 1996       
Stated Maturity Date:             April 01, 2003       

                                    
Cusip #:                          63858R-DN-8
Form:                             Book entry only         

Interest Rate:                    7.000% Fixed                    

Interest Payment Dates:           April 1 and October 1, commencing 
                                  on October 1, 1996
                                                             


Discount Note?                                                    No

May the Notes be redeemed by the Company prior to maturity?       No           

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