NationsBank Corporation   
Charlotte, NC  28255      
Tel 704 386-5000          

Pricing Supplement No. 0173 Dated July 14, 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:                    1.750%    $     437,500.00
                                                                     
Proceeds to Company:                      98.250%    $  24,562,500.00

Agent:                            Smith Barney Inc., as Principal          
                                                                           

Original Issue Date:              July 30, 1997        

Stated Maturity Date:             July 30, 2012        

Cusip #:                          63858S-BJ-7    

Form:                             Book entry only         


Interest Rate:                    7.125% Fixed                 

Interest Payment Dates:           Monthly, 30th of each month, commencing 
                                  on August 30, 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 July 30, 2001 and on 
any Interest Payment Date occurring 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?