NationsBank Corporation Charlotte, NC 28255 Tel 704 386-5000 Pricing Supplement No. 0166 Dated March 17, 1997 Rule 424(b)(2) (To Prospectus dated July 12, 1996 and File number: 333-7229 Prospectus Supplement dated November 8, 1996) Subordinated Medium-Term Notes, Series F 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: 1.700% $ 425,000.00 Proceeds to Company: 98.300% $ 24,575,000.00 Agent: Smith Barney Inc., as Principal Original Issue Date: April 02, 1997 Stated Maturity Date: April 02, 2012 Cusip #: 63858S-BD-0 Form: Book entry only Interest Rate: 7.600% Fixed Interest Payment Dates: Monthly, 2nd of each month, commencing on May 2, 1997 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 April 2, 2001 and each Interest Payment Date occurring in or 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, as described in the Prospectus Supplement. 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.