NationsBank Corporation Charlotte, NC 28255 Tel 704 386-5000 Pricing Supplement No. 0138 Dated June 21, 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: $ 20,000,000.00 Issue Price: 100.00000 % $ 20,000,000.00 Commission or Discount: 0.09000 % $ 18,000.00 Accrued Interest (6/19-6/25): $ 22,359.28 Proceeds to Company: 99.91000 % $ 20,004,359.28 Agent: NationsBanc Capital Markets, Inc., as Agent Original Issue Date: June 19, 1996 Settlement Date: June 26, 1996 Stated Maturity Date: August 12, 2004 Cusip #: 63858R-DR-9 Form: Book entry only Interest Rate: Floating Base rate: LIBOR Telerate Page 3750 Index maturity: Initial Index Maturity 60 days, thereafter 90 days Spread: + 23.0 bps Initial Interest Rate: 5.74953% Interest Reset Period: Quarterly, commencing on August 12, 1996 Interest Reset Dates: 12th of February, May, August and November Interest Determination Date: Two London Banking Days preceding the Reset Date Interest Payment Dates: 12th of February, May, August and November, commencing August 12, 1996 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 Discount Note? No