NationsBank Corporation
NationsBank Corporate Center
Charlotte, NC 28255




NATIONSBANK                                                   
NEWS RELEASE



FOR IMMEDIATE RELEASE


AUG. 29, 1995 -- NationsBank Corporation today entered
into an agreement for the underwritten public offering
of $350 million in subordinated notes due August 2015.


The debt issue is part of a shelf registration for
corporate debt securities and preferred and common
stock previously declared effective by the Securities
and Exchange Commission.


The 20-year non-callable subordinated notes have a
coupon interest rate of 7 3/4 percent.  The notes
qualify as Tier 2 capital under the Federal Reserve
Board's capital guidelines.


The offering will be sold through underwriters led by
NationsBanc Capital Markets, Inc., Bear, Stearns & Co.
Inc., Lehman Brothers and Merrill Lynch & Co. Closing
is scheduled for Sept. 5.


Proceeds from the debt issue will be used for general
corporate purposes, including the corporation's working
capital needs and additional investments in capital
securities of the corporation's banking subsidiaries.


NationsBank Corporation is the third-largest U.S.
banking company, with $184 billion in total assets at
June 30, 1995, and full-service banking centers in nine
states and the District of Columbia.
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