3: Initial statement of beneficial ownership of securities

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


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1 Name and Address of Reporting Person:

Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28203

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2 Date of Event Requiring Statement: August 25, 2000

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3 IRS Number of Reporting Person (voluntary): 56-0906609

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4 Issuer Name and Ticker or Trading Symbol: Firearms Training Systems, Inc.
(FATS)

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5 Relationship of Reporting Person to Issuer:

Director
Officer
10% Owner X
Other

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6 If Amendment, Date of Original (Month/Day/Year):

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7 Individual or Joint/Group Filing:

Form Filed by One Reporting Person:
Form Filed by More than One Reporting Person: X

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Form 3
Page 2 of 4


Table I

Non-Derivative Securities Beneficially Owned


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1 Title of Security: Class A Common Stock and Series B Preferred Stock

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2 Amount of Securities Beneficially Owned: Class A Common - 12,757,426
Series B Preferred - 632,159

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3 Ownership Form: Bank of America Corporation - Indirect (I)
100 North Tryon Street
Charlotte, NC 28255

NB Holdings Corporation - Indirect (I)
100 North Tryon Street
Charlotte, NC 28255

Bank of America, NA - Direct (D)
100 North Tryon Street
Charlotte, NC 28255


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4 Nature of Indirect Beneficial Ownership:
Bank of America Corporation - Parent of NB Holdings Corporation
NB Holdings Corporation - Parent of Bank of America, NA

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Form 3
Page 3 of 4


Table II

Derivative Securities Beneficially Owned (e.g. puts, calls, warrants,
options, convertible securities)

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1 Title of Derivative Security: Not Applicable

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2 Date Exercisable and Expiration Date (Month/Day/Year):

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3 Title and Amount of Securities Underlying Derivative Security:

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4 Conversion or Exercise Price of Derivative Security:

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5 Ownership Form of Derivative Security: Direct (D) or Indirect (I)

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6 Nature of Indirect Beneficial Ownership:

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Form 3
Page 4 of 4




DATE: September 5, 2000

Bank of America Corporation
NB Holdings Corporation
Bank of America, NA



BY: /s/ REINHARD FREIMUTH



Reinhard Freimuth
Vice President