NationsBank Corporation   
Charlotte, NC  28255      
Tel 704 386-5000          

Pricing Supplement No. 0170 Dated June 27, 1997       Rule 424(b)(2)      

(To Prospectus dated July 12, 1996 and                File number:  333-7229  
Prospectus Supplement dated November 8, 1996)        

Senior Medium-Term Notes, Series F                           

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:                  0.00000%    $           0.00
Proceeds to Company:                   100.00000%    $  20,000,000.00

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


Original Issue Date:              July 01, 1997        

Stated Maturity Date:             July 01, 2004        

Cusip #:                          63858R-EL-1    
Form:                             Book entry only         


Interest Rate:                    Floating                     


Base rate:                        3 month Libor                              

Index maturity:                   90 days                                    
Spread:                           + 12.0 bps       

Initial Interest Rate:            5.90125%                        
                                                                  

Interest Reset Period:            Quarterly, commencing on October 1, 
                                  1997                            

Interest Reset Dates:             1st of January, April, July, and 
                                  October                         

Interest Determination Date:      Two Business Days and two London 
                                  Banking Days preceding the Reset Date

Interest Payment Dates:           1st of January, April, July, and 
                                  October, commencing October 1, 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