BANK OF AMERICA (logo) Bank of America Corporation 100 North Tryon Street Charlotte, NC 28255 Pricing Supplement No. 003 Dated Tuesday, February 20, 2001 Rule 424(b)(2) (to Prospectus dated January 22, 2001) File Number 333-47222 $3,000,000,000 InterNotes (sm) Minimum Denomination: $1000.00 Minimum Increments: $1000.00 All trade settle flat and clear SDFS: DTC Book Entry Only Trade Date: Tuesday, February 20, 2001 @ 12:00 PM ET Settlement Date: Friday, February 23, 2001 @ 3:30 PM ET CUSIP Number 06050WAE5 06050XAF0 06050XAG8 - -------------- Coupon Rate 5.950% 6.500% 6.850% - ------------- Coupon Semi- Frequency Annually Quarterly Monthly - ------------- Maturity Date* 2/15/06 2/15/11 2/15/16 - ------------- Resale Price 100.000% 100.000% 100.000% - ------------- Gross Concession 1.000% 1.500% 2.000% - ------------- Net Proceeds To Issuer: $10,753,380.00 $19,717,730.00 $32,995,620.00 - ------------- Call Date non-callable non-callable **callable on 2/15/04 and every coupon date thereafter - ------------- Call Price non-callable non-callable 100.000% - ------------- 1st Coupon Date* 8/15/01 5/15/01 3/15/01 - ------------- 1st Coupon Amount $28.43 $14.81 $4.19 - ------------- Survivor's Option Yes Yes Yes - ------------- Product Senior Subordinated Subordinated Ranking Unsecured Unsecured Unsecured - ------------- Notes Notes Notes Moody's Rating Aa2 Aa3 Aa3 - ------------- S&P Rating A+ A A _______________ *If the maturity date or an interest payment date for any note is not a Business Day (as that term is defined in the Prospectus), principal, premium, if any, and interest for that note is paid on the next Business Day, and no interest will accrue from, and after, the maturity date or interest payment date. **The InterNotes(sm) will be subject to redemption at the option of Bank of America Corporation, in whole, on the Interest Payment Date occuring 2/15/2004 and on any Interest Payment Date thereafter at a redemption price equal to 100% of the principal amount of the InterNotes(sm), plus accrued interest thereon, if any, upon at least 30 days prior notice to the Noteholder and the Trustee, as described in the Prospectus. InterNotes(sm) is the trade mark of Incapital, LLC. All rights reserved.