NationsBank Corporation   
Charlotte, NC  28255      
Tel 704 386-5000          

Pricing Supplement No. 0154 Dated October 17, 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:                                    $ 100,000,000.00
Issue Price:                           100.00000%    $ 100,000,000.00
Commission or Discount:                  0.00000%    $           0.00
Proceeds to Company:                   100.00000%    $ 100,000,000.00

Agent:                            CS First Boston Corporation, as Agent
                                                                      


Original Issue Date:              October 22, 1996     

Stated Maturity Date:             October 22, 1999     

Cusip #:                          63858R-EB-3    
Form:                             Book entry only         


Interest Rate:                    Floating                     


Base rate:                        LIBOR Telerate Page 3750                   

Index maturity:                   180 days                                   
Spread:                           + 7.0 bps        

Initial Interest Rate:            5.695%                          
                                                                  

Interest Reset Period:            Semiannually, commencing on April 22,
                                  1997                           

Interest Reset Dates:             April 22 and October 22         
                                                                  

Interest Determination Date:      Two London Banking Days preceding the
                                  Reset Date                     

Interest Payment Dates:           April 22 and October 22, commencing on 
                                  April 22, 1997                   


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