NationsBank Corporation Charlotte, NC 28255 Tel 704 386-5000 Pricing Supplement No. 0148 Dated August 20, 1996 Rule 424(b)(2) (To Prospectus dated November 24, 1995 and File number: 33-63097 Prospectus Supplement dated January 10, 1996) Subordinated Medium-Term Notes, Series E Due Nine Months or More From Date of Issue Fixed Rate Notes Principal Amount: $ 25,000,000.00 Issue Price: 100.000% $ 25,000,000.00 Commission or Discount: 1.900% $ 475,000.00 Proceeds to Company: 98.100% $ 24,525,000.00 Agent: Smith Barney Inc., as Principal Original Issue Date: September 03, 1996 Stated Maturity Date: September 01, 2011 Cusip #: 63858S-AU-3 Form: Book entry only Interest Rate: 7.500% Fixed Interest Payment Dates: 1st of each month, commencing on October 1, 1996 Discount Note? No May the Notes be redeemed by the Company prior to maturity? Yes The notes will be subject to redemption at the option of the Company, in whole, on the Interest Payment Date occurring September 1, 2000 and each Interest Payment Date occurring in March or September thereafter at a redemption price equal to 100% of the principal amount of the Notes, plus accrued interest thereon, if any, upon at least 30 calendar days prior notice. May the notes be repaid prior to maturity at the option of No the holder? 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.