EXHIBIT 21

EXHIBIT 21

Subsidiaries of NationsBank Corporation and Its Subsidiaries at 02/28/97
(100% Owned by NationsBank Corporation Unless Otherwise Noted)

*indicates location of corporate records

ASB Capital Management, Inc.
Atlantic Equity Corporation
GLM Investments, Inc. 1
Blue Ridge Investments, L.L.C. 2
Carolina Mountain Holding Company
CSF Holdings, Inc.
Citizens Travel, Inc. 3
Citizens Financial Services, Inc. 3
Equitable Service Corporation 4
Transtex Management Company 4
Equitable Bancorporation Overseas Finance N.V.
Export Funding Corporation
MAR, Inc.
MN World Trade Corporation

MNC Affiliates Group, Inc.
MNC American Corporation 5
MNC Credit Corp 5
A/M Properties, Inc. 6
American Financial Service Group, Inc. (LEASEFIRST)6
Maryland National Realty Investors, Inc. 6
Maryland National Leasing Services Corporation 6
MNC Capital Corporation 6
NationsCredit Corporation
NationsCredit Commercial Corporation 7
ALS II, Inc. 8
ALS Superior, Inc. 8
BJCC, Inc. 8
JCCA, Inc. 8
BIRMSON, L.L.C.9
Cape Canterbury, Ltd. 8
LDI Corporation 8
NationsCredit Commercial Corporation of America 8
Ariens Credit Corporation 10
Gravely Credit Corporation 10
Korg Acceptance Corporation 10
Mercury Marine Acceptance Corporation 10
NationsCredit Commercial Corporation Ltd. 10
NationsCredit Marine Funding Corporation 10
NationsCredit Securitization Corporation 10
NIMAC Finance Corp. 10
Sea Ray Credit Corporation 10
Winnebago Acceptance Corporation 10
USW SIS I, Inc. 8
USW SIS II, Inc. 8
NationsCredit Consumer Corporation 7
NationsCredit Acceptance Corporation 11
NationsCredit Consumer Discount Company 11
1


NationsCredit Consumer Services, Inc. 11
NationsCredit Finance Group Inc. 11
NationsCredit Financial Acceptance Corporation 11
NationsCredit Financial Services Corporation 11
NationsCredit Financial Services Corporation of Alabama 11
NationsCredit Financial Services Corporation of America 11
NationsCredit Financial Services Corporation of Florida 11
NationsCredit Mortgage Corporation of Florida 12
NationsCredit Financial Services Corporation of Nevada 11
NationsCredit Financial Services Corporation of Virginia 11
NationsCredit Home Equity Corporation of Kentucky 11
NationsCredit Home Equity Corporation of Virginia 11
NationsCredit Home Equity Services Corporation 11
Canterbury Indiana Holdings, Inc. 13
NationsCredit Insurance Agency, Inc. 11
NationsCredit Insurance Corporation 11
NationsCredit Manufactured Housing Corporation 11
NationsCredit Management Corporation 7
NationsBanc Business Credit, Inc.
NationsBanc Capital Markets, Inc.
NationsBanc Capital Markets International Limited
NationsBanc-CRT Services, Inc.
NationsBanc Mortgage Capital Corporation
NationsCommercial Corp. 14
NationsLink Funding Corporation 14
Tryon Mortgage Funding, Inc. 14
NB Capital Trust I
NB Capital Trust II
NB Capital Trust III
NB Holdings Corporation
BBI Kansas, Inc. 15
Boatmen's National Bank 16
M & M Realty, Inc. 17
Midwest Realty & Management, Inc. 17
Boatmen's National Bank of Oklahoma 18
Bank IV Securities Inc. 19
Bank Marketing Systems 19
CSI Holdings, Inc. 19
Consolidated Asset Management Company, Inc. 19
Maywell Mark Corporation 19
OA Management, Inc. 19
Quatro I, Inc. 19
Rockwell Resources, Inc. 19
Townsite Plaza Development, Inc. 19
Boatmen's Trust Company of Kansas 16
Bank IV Community Development Corporation 16
Bank IV Affordable Housing Corporation 16
Fourth Investment Advisors, Inc. 16
IV Commercial Acquisition, Inc. 16
IV CB&T Tulsa Holdings Inc. 20
Boatmen's Arkansas, Inc. 15
Boatmen's Bank of Northeast Arkansas 21
Citizens Advisory Group, Inc. 22
2

Citizens Real Estate, Inc. 22
Boatmen's National Bank of Arkansas 21
Boatmen's Investment Services of Arkansas, Inc. 23
U.N. Service Corporation 23
The Union Modern Mortgage Corporation 23
Worthen Mortgage Company 23
Boatmen's National Bank of Batesville 21
Boatmen's National Bank of Conway 21
Boatmen's National Bank of Hot Springs 21
WHS Appraisal Corp. 24
Boatmen's National Bank of Newark 21
Boatmen's National Bank of North Central Arkansas 21
Boatmen's National Bank of Northwest Arkansas 21
Boatmen's National Bank of Pine Bluff 21
Boatmen's National Bank of Russellville 21
Boatmen's National Bank of South Arkansas 21
Worthen Financial Corporation 21
Boatmen's National Bank of Austin 25
Boatmen's Trust Company of Arkansas 21
National Credit Corporation 21
Worthen Development Corporation, Inc. 21
Boatmen's Bancshares of Iowa, Inc. 15
Boatmen's Building Corporation of Iowa, Inc. 26
FKF, Inc. 26
Boatmen's Bank Iowa, N.A. 26
Boatmen's of Iowa Investments, Inc. 27
Boatmen's Bank of Fort Dodge 26
Boatmen's of Fort Dodge Investments, Inc. 28
Boatmen's National Bank of Northwest Iowa 26
Boatmen's of Northwest Iowa Investments, Inc. 29
Boatmen's Bank of North Iowa 26
Boatmen's of North Iowa Investments, Inc. 30
Boatmen's Insurance Services of Iowa, Inc. 30
Boatmen's Bank of Franklin County 15
Boatmen's Bank of Kennett 15
Boatmen's Bank of Marshall 15
Boatmen's Bank of Mid-Missouri 15
Boatmen's Bank of Pulaski County 15
Boatmen's Bank of Quincy 15
Boatmen's Bank of Rolla 15
Boatmen's Bank of Southern Missouri 15
Finance Investment Company 31
Boatmen's Bank of Southwest Missouri 15
Boatmen's Bank of Tennessee 15
Boatmen's Financial Services, Inc. 32
200 Madison Ave. Realty Corp. 32
Boatmen's Bank of Troy 15
Boatmen's Bank of Vandalia 15
Boatmen's Credit Card Bank 15
Boatmen's First National Bank of West Plains 15
Boatmen's-Illinois, Inc. 15
3

Boatmen's Bank of South Central Illinois 33
Boatmen's National Bank of Boonville 15
Boatmen's National Bank of Cape Girardeau 15
Boatmen's National Bank of Central Illinois 15
Boatmen's National Bank of Coles County 15
Boatmen's National Bank of Lebanon 15
The Boatmen's National Bank of St. Louis 15
BNB Auto, Inc. 34
Arkansas Home Loan Company 34
National Home Loan Company, Inc. 34
National Home Loan Company of Mississippi, Inc. 34
4625 Lindell Corp. 34
Guardian Property, Inc. 34
Des Peres Banc Corporation 34
First of St. Louis Commercial Leasing Corp. 34
G.B.C. Properties, Inc. 34
Boatmen's Equipment Finance, Inc.34
First Revitalization Corp. 34
Boatmen's Investment Services, Inc. 34
Market Street Securities, Inc. 35
BBI Merchant Processing Company, LLC 36
Boatmen's POS Merchant Processing Company, LLC 37
Plaza Associates 34
St. Louis Investment Properties, Inc. 34
Bonhomme Place Associates, Inc. 38
Marbel Homes, Inc. 34
Boatmen's National Mortgage, Inc. 39
Boatmen's Foreign Investment Corporation 34
Savannah International Sales, Inc. 40
Tyler International Sales, Inc. 40
Boatmen's Osage Bank 15
Boatmen's River Valley Bank 15
Boatmen's Sunwest, Inc. 15
Sunwest Bank of Albuquerque, N.A. 41
Sunwest Bank of Clovis, N.A. 41
Sunwest Bank of Farmington 41
Sunwest Bank of Gallup 41
Sunwest Bank of Grant County 41
Sunwest Bank of Hobbs, N.A. 41
Sunwest Bank of Las Cruces, N.A. 41
Sunwest Bank of Raton, N.A. 41
Sunwest Bank of Rio Arriba, N.A. 41
Sunwest Bank of Roswell, N.A. 41
Sunwest Bank of Santa Fe 41
Sunwest Texas, Inc. 41
Sunwest Bank of El Paso 42
Boatmen's Texas, Inc. 15
Boatmen's First National Bank of Amarillo 43
Centerre Bancorporation, Inc.15
Founders Bancorporation, Inc. 15
NationsBank, N.A. 15
American Security (Louisiana) Ltd. 44

4

Ashburn A Corp. 44
Baltic M Corp. 44
BT Building Corporation 44
Central City General, L.P. 45
Carolina Pacific, Inc. 44
CC Plaza M Corp. 44
Chesapeake M Corp. 44
Courtcom M Corp. 44
Devon A Corp. 44
Down Under Finance Corporation 44
Dulaney Valley Corporation 44
Education Financing Services, LLC 46
Elwin Company, Inc. 44
Federal Properties I, Inc. 44
First Development Corporation 44
Fountain Square Corporation of Maryland 44
Harper Farm M Corp. 44
HICO Park M Corp. 44
Madison Park A Corp. 44
Main Place Holdings Corporation 44
Main Place Real Estate Investment Trust 47
Mar A Lowe Corp. 44
Marco Properties, Inc. 44
Greenburgh Marco, Inc. 48
Reprise, Inc. 48
Maryland National Community Development Corporation 44
Greensides Elderly Limited Partnership 49
The Maryland National/Enterprise Equity Fund
Limited Partnership 49
Montgomery Homes Limited Partnership II 50
Montgomery Homes Limited Partnership III 49
Montgomery Homes Limited Partnership IV 49
Neighborhood Rental Limited Partnership II 51
The Newington Limited Partnership 51
Rosedale Terrace Limited Partnership 51
St. Wenceslaus Limited Partnership 51
Maryland Nationalease Corporation 44
Melwood M Corp. 44
Metropo M Corp. 44
Metropolitan Commercial Properties Corporation I 44
Metropolitan Commercial Properties Corporation VIII 44
Metropolitan Commercial Properties Corporation X 44
MNC Consumer Discount Company 44
MNC Investment Bank, Ltd. 44
Multi-State Properties, Inc. 44
MYM Holdings Corporation 44
NationsBanc Advisors, Inc. 44
NationsBanc Auto Funding Corporation 44
NationsBanc Charlotte Center, Inc. 44
Nations-CRT Options, Inc. 44
NationsBanc Dealer Leasing, Inc. 44
NationsBanc Enterprise, Inc. 44
NationsSecurities 52

5

NSI Agency, LLC 53
NationsBanc Equity Mortgage Corporation 44
NationsBanc Financial Products, Inc. 44
NationsBanc Insurance Services, Inc. 44
NationsBanc Investments, Inc. 44
NationsBanc Lease Investments, Inc. 44
NationsBanc Leasing Corporation 54
NationsBanc Leasing Corporation of Virginia 44
NationsBanc SBIC Corporation 44
NationsBanc Venture Corporation 44
NationsBank Carolinas Merchant Services, Inc.44
NationsBank Merchant Services 55
Unified Merchant Services 56
NationsBank de Mexico, S.A. 57
NationsBank Europe Limited 44
Carolina Leasing Ltd. 58
Nations Financial Futures Limited 58
Nations Investment Management Limited 58
Commonwealth Securities Limited 59
Nations Investments Limited 58
Nations Securities Services Ltd. 58
NationsBank (Export Finance) Ltd. 58
NationsBank International 44
NationsBank Overseas Corporation 44
AF Funding (1993), Inc. 60
Kill Devil Hills Finance Limited Partnership 61
Air France/NationsBank (Grantor Trust) 62
Wrightbrothers Ltd. 63
AF Funding II (1993), Inc. 60
Kill Devil Hills II Limited Partnership 64
Air France/KDHF II (NGHGI)(Grantor Trust) 65
Florita Finance Ltd. 66
Binfield Ltd. 60
Carolina Investments Limited 60
Cathay Pacific/NationsBank Trust 1 (Grantor Trust) 60
Wanda Finance Ltd. 67
Clenston Ltd. 60
Diamond Shoals Finance Ltd. 60
Friary Leasing Limited 60
Gatwick, Inc. 60
Mayfair Partners 68
Piccadilly, Inc. 69
High Street, Inc. 70
New Broad Street, Inc. 70
Hatteras Finance Ltd. 60
Heathrow, Inc. 71
InterFirst Leasing Ltd. (London) 72
Island Funding, Ltd. 60
Japan Airlines/NCNB 1993-1 (Grantor Trust) 60
First in Flight Finance Ltd. 73
Nations-CRT Asia, Inc. 60
Nations-CRT Hong Kong, Limited 60
Nations-CRT International, Inc. 60
6

Nations . CRT Japan, Inc. 60
Nations-CRT Overseas, Inc. 60
Nations-CRT U.K. & Co. 60
NationsBank International Trust (Jersey) Limited 74

NCNB Lease Atlantic, Inc. 60
NCNB Lease Finance III 75
Blue Ridge Finance Ltd. 76
NCNB Lease Finance 60
Wingtip Finance Limited 77
NCNB Lease Finance IV 60
Sandhills Finance Ltd. 78
NCNB Lease Finance V 60
Piedmont Finance Ltd. 79
NCNB Lease Finance VI 60
Kitty Hawk Finance Ltd. 80
NCNB Lease International, Inc. 60
Barnesbury, Ltd. 81
NCNB Lease Offshore, Inc. 60
NCNB Lease Finance II 82
Outerbanks Finance Ltd. 83
NCNB Overseas Services, Inc. 60
Phaestos FSC, Inc. 84
Republic Dallas Ltd. (U.K.) 85
TransPacific Funding (1993), Inc. 86
TransPacific Finance Limited Partnership 87
ANA II (Grantor Trust) 88
Fontana Finance Ltd. 89
Uwharrie Finance Ltd. 60
NB Partner Corp. 44
Gartmore Global Partners 90
NB Technology Partner, Inc. 44
Integrion Financial Network, LLC 91
NCNB Community Development Corporation 92
Palisades A Corp. 44
Pratt Management Company 44
Quality A Corp. 44
Ritchie Court M Corporation 44
Rive Gauche A Corp. 44
Rooms-Springfield, Inc. 44
SCRC Carrolltowne, Inc. 44
SCRC Process Service Corp. 44
Service-Wright Corporation 44
Seventeenth Commerce Properties Corporation 44
SOP M Corp. 44
South Charles Realty Corp 44
South Point Shopping Center, Inc. 44
Spotted Horse Holdings, Inc. 44
Sully A Corp. 44
Sunset Hill Corporation 44
Sweitzer M Corp. 44
Sykesville M Corp. 44
TradeStreet Investment Associates, Inc. 44
7

Vernon M Corp. 44
Washington View, Inc. 44
Washington View (H) Corporation 93
Washington View (NH) Corporation 93
Wellington Land Co., Inc. 44
Wickliffe A Corp. 44
Woods M Corp. 44
NationsBank of Delaware, N.A.15
NationsBank, N.A. (South) 15
Atico Financial Corporation dba Cavalier Properties 94
Atico Investment Management 94
Bank South Investment Services, Inc. 94
Bank South Home Equity, Inc. 94
CFB Holding Corporation 94
Chase Eagle, Inc. 94
Chase Federal Housing Corporation 94
Chase I, Inc. 94
ChaseFed Insurance Co. 94
Chase/Scarborough Group, Inc. 94
Citizens Financial Securities Corporation 94
Community Reinvestment Group, L.C. 95
EXHO Properties, Inc. 94
Financial Automation, Inc. 94
First Financial Real Estate Development, Inc. 94
First Land Sales, Inc. 94
Harbilan Corporation 94
Motift, Inc. 94
NationsBanc Commercial Corporation 94
NationsBanc Leasing Corporation 54
NationsBanc Leasing Corporation of North Carolina 94
NNW Utility Funding I, Inc. 96
NNW Utility Funding II, Inc. 96
NationsBank Florida Merchant Services, Inc. 94
NationsBank Merchant Services 55
Unified Merchant Services 56
The Ocmulgee Corporation 94
Pan American Mortgage Corp. 94
Seabrook Operations, Inc. 94
Seaview of Seabrook, Inc. 94
WAC One, Inc. 94
200 Service Corp. 94
NationsBank of Kentucky, N.A. 15
NationsBank of Tennessee, N.A.15
Commerce Place Company 97
Tennessee Nationalease Corporation 97
NationsBank Texas Bancorporation, Inc. 15
NationsBank of Texas, N.A. 98
APL, Inc. 99
Austin National Realty Corporation 99
Beechnut Holdings, Inc. 99
Capitol Information Networks, Inc. 99
8

Charter Colonial Securities, Inc. 99
Charter-Houston Securities, Inc. 99
Charter Venture Group, Inc. 99
DPC, Inc. 99
NationsBanc Capital Corporation 99
NationsBanc Energy Group Denver, Inc. 99
NationsBanc Mortgage Corporation 99
NationsBanc Services, Inc. 99
Republic National Corporation 99
Texas Nationalease Corporation 99
RepublicBank Insurance Agency, Inc. 98
Sun World, N.A. 98
Superior Federal Bank, FSB 15
SFS Corporation 100
Premier Management 101
Southwest Protective Life Insurance Company 101
Superior Financial Services of Oklahoma 101
Arch Reinsurance Company, Ltd. 15
Atlantic Credit Corporation 15
Bancshares Properties, Inc.15
Boatmen's Community Development Corporation 15
Boatmen's Insurance Agency, Inc. 15
Boatmen's Life Insurance Company 15
Boatmen's Service Company, Inc. 15
Boatmen's Trust Company 15
Boatmen's Trust Company of Illinois 102
Boatmen's Trust Company of Oklahoma 102
Boatmen's Trust Company of Texas 102
River City Capital Management, Inc. 102
Tower Commercial Realty, Inc. 102
Tower Holdings Limited Partnership 103
Union Realty and Securities Company 102
Cash Flow, Inc. 15
C&S Premises, Inc. 15
C&S Premises-SPE, Inc. 104
First Mortgage Corporation 15
NationsBanc Insurance Agency, Inc. 15
NationsBanc Insurance Company, Inc. 15
NationsBanc Insurance Inc. 15
NationsBanc Investment Corporation 15
NationsBanc Leasing & Finance Corporation 15
NationsBanc Leasing & R.E. Corporation 15
McCormick Realty Limited Partnership 105
NationsBanc Mortgage Corporation of Georgia 15
NationsBanc Retirement Management, Inc. 15
NationsBank Trust Company of New York 15
NB Insurance Services, Inc. 15
Second Land Sales, Inc. 15
Sovran Capital Management Corporation 15
9

Suburban Service Corporation 15
Three Commercial Place Associates 106
NationsBank Community Development Corporation 107
Atlanta Affordable Housing Fund Limited Partnership 108
Biscayne Apartments, Inc. 109
Capital Crossing Development Corporation 109
The Charlotte Affordable Housing LLC 110
Carlton Court CDC, Inc. 109
Courtyards Apartments, Inc. 109
Coventry Village Apartments, Inc. 109
Tabono Joint Venture 111
Historic District Redevelopment Partnership 112
Kenilworth Industrial Park Limited Liability Company 113
Leon Avenue Redevelopment Company 114
Misty Waters Apartments, Inc. 109
NationsBank CDC Special Holding Company, Inc. 109
The Park at Lakewood L.L.C. dba Campbellton Glen
Apartments LLC 116
Queen City Partnership 109
Sherwood Terrace Apartments, Inc. 109
Southern Oaks Condominium Partners, Ltd. 110
Stanton Road LLC 111
T-Oaks Apartments, Inc. 109
Terry Street Redevelopment Limited Liability Company 112
University Park Shopping Center, LLC 113
NationsBank do Brasil Ltda 114
NationsBank Housing Fund Investment Corporation 115
Nations Housing Fund Limited Partnership 116
Florida City Apartments, Ltd. 117
Owen Brown II Limited Partnership 118
Bellevieu Manchester Limited Partnership 123
Hillcrest House Partnership, Ltd. 119
Oliver Plaza Limited Partnership 120
Broadway Court Limited Partnership 123
Walnut Woods Limited Partnership 123
Roanoke at HOME Limited Partnership 123
Broadway Apartments Limited Partnership 123
San Antonio Master Limited Partnership 121
Vera Cruz Redevelopment Partnership, LTD. 122
Greensboro Elderly Affordable Housing I Limited Partnership 123
Historic East Side Neighborhood Housing L.P. 123
Timber Ridge of Immokalee Limited Partnership 123
Park City, Ltd. 122
King Street Apartments, II, L.P. 123
S.C. Model I Limited Partnership 123
Columbia Hill Partners, L.P. 123
Columbia Mill, I, L.P. 123
The Arbors, Limited Partnership 123
Cranberry Equities Limited Partnership 123
ODC Crossing, Limited Partnership 123
Highlandtown Cooperative Limited Partnership 124
VOA Eastern Avenue Limited Partnership 123
Mt. Pleasant Ventures Limited Partnership 123
10

Sherwood Park Limited Partnership 123
Etowah, L.P. 125
Dominion Pines Partners L.P. 123
Cheshire Chase Limited Partnership 123
Delowe Place, L.P. 123
Westwood Manor Development, L.P. 123
Elkridge Apartments Limited Partnership 126
Columbia Plaza I, L.P. 123
Ripley Station Limited Partnership 123
BHP/Johnston Square Limited Partnership 127
SPAR S.H.A.R.E. II, Ltd. 130
North Carolina Equity Fund 128
Riverview Townes Limited Partnership 129
Sedgebrook Limited Partnership 134
Willow Pond Limited Partnership 134
St. Andrew's Homes Limited Partnership 130
Carmel Ridge Limited Partnership 134
Bridgewood Square Limited Partnership 134
Hycienda Heights Limited Partnership 134
Nations Housing Fund II Limited Partnership 121
Pine Knoll Limited Partnership 131
NationsBridge, L.L.C.119
NCNB Corporate Services, Inc.
NCNB Properties, Inc.
South Charles Investment Corporation
Tidewater Partners Limited Partnership 132
SCI Holdings Corporation 133
SunStar Acceptance Corporation
DCRS Corporation 139
SunStar Acceptance Corporation (California) 139
SunStar Acceptance Corporation (Hawaii) 139
TIM, Inc.
Tryon Assurance Company, Ltd.

- -----------------------------------------------------------

The following companies are 50% or less owned by NationsBank Corporation or one
of its subsidiaries.

ABB Funding Partners, L.P., Stamford, CT - NationsCredit Commercial
Corporation owns 14.27% of this entity.

Carlton Court Limited Partnership, Dallas, TX - NationsBank Community
Development Corporation ("NBCDC") and Carlton Court CDC, Inc. own 49% and
1%, respectively, of this entity.

Charlotte Transit Center, Inc., Charlotte, NC - NationsBank CDC Special
Holding Company, Inc. has 50% control as one of the two members of this
non-profit corporation.

Church Street Crossing Associates, L.P., Washington, DC - NBCDC owns 50%
of this entity.

Collmain Customer Services Ltd., London - NationsBank Europe Limited owns
22.5% of this entity.

Collmain Services Ltd., London - Carolina Investments Limited holds a 20%
minority interest in this company.
11

Columbia Community Investment Limited Partnership, Charlotte, NC - NBCDC
has a 20% interest in this entity.

Commonwealth National Bank, Mobile, AL - NationsBank Corporation owns
nonvoting securities representing 47% of this entity, however, does not
exercise any form of control over it.

CSC Associates, L.P., Marietta, GA - C&S Premises, Inc. and C&S
Premises-SPE, Inc. own 49% and 1%, respectively, of this entity.

Danville Community Development Corporation, Danville, VA - NBCDC owns 22%
of this entity.

Factoraje Bancomer, S.A., Mexico - NationsBank Overseas Corporation owns
10% of this entity.

First Housing Development Corporation of Florida, Tampa, FL -
NationsBank, N.A. (South) owns 12.07% of this entity.

Foremost Factors Limited, New Delhi, India - NationsBank Overseas
Corporation owns 35% of this entity.

HONOR Technologies, Inc., Maitland, FL - NationsBank Corporation owns
18.26% of this entity.

Kenilworth-Burroughs Limited Partnership, Washington, DC - Kenilworth
Industrial Park Limited Liability Company is General Partner with a .01%
general partnership interest and a 25.99% limited partnership interest.

Maryland Housing Equity Fund Limited Partnership, Columbia, MD - Maryland
National Community Development Corporation owns 13.12% of this limited
partnership.

MECA Software, L.L.C., Fairfield, CT - MYM Holdings Corporation owns
16.67% of this entity.

Nubia Redevelopment Partnership, Dallas, TX - NBCDC owns 50% of this
entity.

Roanoke Community Development Corporation, Roanoke, VA - NBCDC owns 28%
of this entity.

Savannah Community Development Corporation dba Savannah Regional Small
Business Capital Fund - NationsBank, N.A. (South) owns 21% of this
entity.

Springdale Equity Partners, L.P., Charlotte, NC - NationsBanc Investment
Corporation is a limited partner and has no voting rights, however,
contributed 99.5% of the capital and maintains a veto right over certain
actions.
12


Springdale Venture Partners, L.P., Charlotte, NC - NationsBanc Venture
Corporation is a limited partner and has no voting rights, however,
contributed 99.5% of the capital and maintains a veto right over certain
actions.

Third Ward Neighborhood Development Association, Charlotte, NC - NCNB
Community Development Association, a subsidiary of NationsBank, N.A. owns
50% of this joint venture.

Tiryns FSC, Inc., Charlotte Amalie, VI - NationsBank Overseas Corporation
owns 50% of this entity.

Tri-Tech, L.P., Baltimore, MD - NationsBank of Delaware, N.A. owns 9.1%
of this entity.

Troy Street Limited Liability Company, Alexandria, VA - NationsBank
Community Development Corporation has a 39.89% interest in this entity,
however, has no right of control over it.


- --------
1 Atlantic Equity Corporation owns 100% of this entity.
2 NationsBank Corporation and NB Holdings Corporation own 99% and 1%,
respectively, of this entity.
3 CSF Holdings, Inc. owns 100% of this entity.
4 Citizens Financial Services, Inc owns 100% of this entity.
5 MNC Affiliates Group, Inc. owns 100% of this entity.
6 MNC Credit Corp owns 100% of this entity.
7 Nations Credit Corporation owns 100% of this entity.
8 NationsCredit Commercial Corporation owns 100% of this entity.
9 BJCC, Inc. and JCCA, Inc. own 40% and 60%, respectively, of this entity.
10 NationsCredit Commercial Corporation of America owns 100% of this entity.
11 NationsCredit Consumer Corporation owns 100% of this entity.
12 NationsCredit Financial Services Corporation of Florida owns 100% of this
entity.
13 NationsCredit Home Equity Services Corporation owns 100% of this entity.
14 NationsBanc Mortgage Capital Corporation owns 100% of this entity.
15 NB Holdings Corporation owns 100% of this entity.
16 BBI Kansas, Inc. owns 100% of this entity.
17 Boatmen's National Bank owns 100% of this entity.
18 BBI Kansas, Inc. and IV Commercial Acquisition, Inc. own 82.7% and 17.3%,
respectively, of this entity.
19 Boatmen's National Bank of Oklahoma owns 100% of this entity.
20 IV Commercial Acquisition, Inc. owns 100% of this entity.
21 Boatmen's Arkansas, Inc. owns 100% of this entity.
22 Boatmen's Bank of Northeast Arkansas owns 100% of this entity.
23 Boatmen's National Bank of Arkansas owns 100% of this entity.
24 Boatmen's National Bank of Hot Springs owns 100% of this entity.
25 Worthen Financial Corporation owns 100% of this entity.
26 Boatmen's Bancshares of Iowa, Inc. owns 100% of this entity.
27 Boatmen's Bank Iowa, N.A. owns 100% of this entity.
28 Boatmen's Bank of Fort Dodge owns 100% of this entity.
29 Boatmen's Bank of Northwest Iowa owns 100% of this entity.
30 Boatmen's Bank of North Iowa owns 100% of this entity.
31 Boatmen's Bank of Southern Missouri owns 100% of this entity.
32 Boatmen's Bank of Tennessee owns 100% of this entity.
33 Boatmen's-Illinois, Inc. owns 100% of this entity.
34 The Boatmen's National Bank of St. Louis owns 100% of this entity.
35 Boatmen's Investment Services, Inc. owns 100% of this entity.
36 A number of Boatmen's banks own percentages of this entity.
37 BBI Merchant Processing Company, LLC owns 50% of this entity.
38 St. Louis Investment Properties, Inc. owns 100% of this entity.
39 Marbel Homes, Inc. owns 100% of this entity
13

40 Boatmen's Foreign Investment Corporation owns 100% of this entity.
41 Boatmen's Sunwest, Inc. owns 100% of this entity.
42 Sunwest Texas, Inc. owns 100% of this entity.
43 Boatmen's Texas, Inc. owns 100% of this entity.
44 NationsBank, N.A. owns 100% of this entity.
45 BT Building Corporation has a 17% general partnership interest and a 43%
limited partnership interest in this entity.
46 NationsBank, N.A. owns up to 22.26% of this entity; definitive % depends on
total number of participants.
47 Main Place Holdings Corporation owns 100% of this entity.
48 Marco Properties, Inc. owns 100% of this entity.
49 Maryland National Community Development Corporation owns 99% of this entity.
50 Maryland National Community Development Corporation and NationsBank, N.A.,
each, has a 33.3% interest in this entity.
51 Maryland National Community Development Corporation owns 98.99% of this
entity.
52 NationsBanc Enterprise, Inc. and NationsBanc Investments, Inc., each, has a
50% interest in this general partnership.
53 NationsSecurities and NationsBanc Enterprise, Inc. have 99% and 1%
interests, respectively, in this entity.
54 NationsBank, N.A. and NationsBank, N.A. (South) own 63% and 37%,
respectively, of this entity.
55 NationsBank Carolinas Merchant Services, Inc. and NationsBank Florida
Merchant Services, Inc. own 49% and 51%, respectively, of this entity.
56 NationsBank Merchant Services owns 20% of this entity.
57 NationsBank Overseas Corporation and NationsBank, N.A. own 99% and 1%,
respectively, of this entity.
58 NationsBank Europe Limited owns 100% of this entity.
59 Nations Investment Management Limited owns 100% of this entity.
60 NationsBank Overseas Corporation owns 100% of this entity.
61 AF Funding (1993), Inc. holds a 1% general partnership and a 49% limited
partnership interest in this entity.
62 Kill Devil Hills Finance Limited Partnership owns 100% of this entity.
63 Air France/NationsBank (Grantor Trust) owns 100% of this entity.
64 AF Funding II (1993), Inc. holds a 1% general partnership and a 34% limited
partnership interest in this entity.
65 Kill Devil Hills II Limited Partnership owns 100% of this entity.
66 Air France/KDHF II (NGHGI)(Grantor Trust) owns 100% of this entity.
67 Cathay Pacific/NationsBank Trust I (Grantor Trust) owns 100% of this entity.
68 Gatwick, Inc. and Heathrow, Inc. own 75% and 25%, respectively, of this
entity.
69 Mayfair Partners owns 100% of this entity.
70 Piccadilly, Inc. owns 90% of this entity. The remainder is owned by an
unrelated third party.
71 NationsBank Overseas Corporation and Island Funding, Inc. own 75% and 25%,
respectively, of this entity.
72 NationsBank Overseas Corporation owns 99.5% of this entity.
73 Japan Airlines/NCNB 1993-1 (Grantor Trust) owns 100% of this entity.
74 NationsBank Overseas Corporation and NationsBank, N.A. own 99.33% and .67%,
respectively, of this entity.
75 NCNB Lease Atlantic, Inc. owns 100% of this entity.
76 NCNB Lease Finance III owns 100% of this entity.
77 NCNB Lease Finance owns 100% of this entity.
78 NCNB Lease Finance IV owns 100% of this entity.
79 NCNB Lease Finance V owns 100% of this entity.
80 NCNB Lease Finance VI owns 100% of this entity.
81 NCNB Lease International, Inc. owns 99.9% of this entity.
82 NCNB Lease Offshore, Inc. owns 100% of this entity.
83 NCNB Lease Finance II owns 100% of this entity.
84 NationsBank Overseas Corporation owns 50% of this entity.
85 NationsBank Overseas Corporation owns 98% of this entity.
86 NationsBank Overseas Corporation owns 66% of this entity.
14


87 TransPacific Funding (1993), Inc. holds a 1% general partnership and a 65%
limited partnership interest in this entity.
88 TransPacific Finance Limited Partnership owns 100% of this entity.
89 ANA II (Grantor Trust) owns 100% of this entity.
90 NB Partner Corp. owns 50% of this entity.
91 NB Technology Partner, Inc. owns 5.88% of this entity.
92 NationsBank, N.A. is the sole member of this non-profit corporation.
93 Washington View, Inc. owns 69% of this entity.
94 NationsBank, N.A. (South) owns 100% of this entity.
95 NationsBank, N.A. (South) owns 61.5% of this entity.
96 NationsBanc Leasing Corporation of North Carolina owns 100% of this entity.
97 NationsBank of Tennessee, N.A. owns 100% of this entity.
98 NationsBank Texas Bancorporation, Inc. owns 100% of this entity.
99 NationsBank of Texas, N.A. owns 100% of this entity.
100 Superior Federal Bank, FSB owns 100% of this entity.
101 SFS Corporation owns 100% of this entity.
102 Boatmen's Trust Company owns 100% of this entity.
103 Boatmen's Trust Company owns 99% of this entity.
104 C&S Premises, Inc. owns 100% of this entity.
105 NationsBanc Leasing & R.E. Corporation owns 100% of this entity.
106 NB Holdings Corporation owns 70% of this entity.
107 NationsBank, N.A. (South), NationsBank, N.A. and NationsBank of Texas, N.A.
own, respectively, 31%, 42% and 27% of this entity.
108 NationsBank Community Development Corporation ("NBCDC")has a 95.4% general
partnership interest in this entity.
109 NBCDC owns 100% of this entity.
110 NBCDC and NCNB Community Development Corporation have 99% and 1% interests,
respectively, in this entity.
111 Eban Incorporated owns 5% of this entity, however, has control over it.
112 NBCDC has a 94.89% interest in this entity.
113 NBCDC owns 70% of this entity.
114 NBCDC owns 80% of this entity.
115 NBCDC has a 50.26% interest in this entity.
116 NBCDC owns 99% of this entity.
117 NBCDC owns 98% of this entity.
118 NBCDC owns 81% of this entity.
119 NationsBank Corporation and NB Holdings Corporation own 99% and 1%,
respectively, of this entity.
120 NationsBank, N.A. and NationsBank of Texas, N.A., each, owns 25% of the
voting stock of this entity, and NationsBank, N.A. (South) owns 50%.
121 NationsBank Housing Fund Investment Corporation has a 99% limited
partnership interest in this entity.
122 Nations Housing Fund Limited Partnership ("NHF") has a 51% limited
partnership interest in this entity.
123 NHF has a 99% limited partnership interest in this entity.
124 NHF has an 88% limited partnership interest in this entity.
125 NHF has a 67.5% limited partnership interest in this entity.
126 NHF has a 50.49% limited partnership interest in this entity.
127 San Antonio Master Limited Partnership has a 99% limited partnership
interest in this entity.
128 NHF has a 75.85% limited partnership interest in this entity.
129 NHF has an 88.05% limited partnership interest in this entity.
130 NHF has a 98.99% limited partnership interest in this entity.
131 NHF has a 51.17% limited partnership interest in this entity.
132 NHF has a 32.51% limited partnership interest in this entity.
133 NHF has a 39.6% limited partnership interest in this entity.
134 North Carolina Equity Fund ("NCEF") has a 99% limited partnership interest
in this entity.
135 NCEF has a 98% limited partnership interest in this entity.
136 Nations Housing Fund II Limited Partnership ("NHFII") has a 99% limited
partnership interest in this entity.
137 South Charles Investment Corporation has an 88% limited partnership interest
and SCI Holdings Corporation has a 2% general partnership interest in this
entity
138 South Charles Investment Corporation owns 100% of this entity.
139 SunStar Acceptance Corporation owns 100% of this entity.


15

136 Nations Housing Fund II Limited Partnership ("NHFII") has a 99% limited
partnership interest in this entity.
137 South Charles Investment Corporation has an 88% limited partnership
interest and SCI Holdings Corporation has a 2% general partnership
interest in this entity.
138 South Charles Investment Corporation owns 100% of this entity.
139 SunStar Acceptance Corporation owns 100% of this entity.