NationsBank Corporation   
Charlotte, NC  28255      
Tel 704 386-5000          

Pricing Supplement No. 0121 Dated March 12, 1996    Rule 424(b)(2)     
(To Prospectus dated February 24, 1995 and          File number: 33-57533
Prospectus Supplement dated February 28, 1995)      

Subordinated Medium-Term Notes, Series D                     
Due Nine Months or More From Date of Issue                   


Principal Amount:                                    $   6,000,000.00
Issue Price:                             100.000%    $   6,000,000.00
Commission or Discount:                    0.265%    $      15,900.00
Proceeds to Company:                      99.735%    $   5,984,100.00

Agent:                          NationsBanc Capital Markets, Inc., as Agent


Original Issue Date:            March 15, 1996      
Stated Maturity Date:           March 15, 2006      

Cusip #:                        63858S-AM-1    
Form:                           Book entry only        


Interest Rate:                  7.383% Fixed                

Interest Payment Dates:         March 15 and September 15, commencing
                                September 15, 1996
                                                                               

Discount Note?                                               No  

May the Notes be redeemed by the Company prior to maturity?  Yes (See below)

The notes will be subject to redemption at the option of the Company, 
in whole, on the Interest Payment Date occurring March 15, 2000 and 
each Interest Payment Date occurring in March or September 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.

May the notes be repaid prior to maturity at the option of the holder?  No