NationsBank Corporation   
Charlotte, NC  28255      
Tel 704 386-5000          

Pricing Supplement No. 0156 Dated October 18, 1996      Rule 424(b)(2)     
(To Prospectus dated November 24, 1995 and              File number: 33-63097
Prospectus Supplement dated January 10, 1996)          


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


Principal Amount:                                    $  14,050,000.00
Issue Price:                                          (See (1) below)
Commission or Discount:                    2.200%    $     309,100.00
Proceeds to Company:                      97.800%    $  13,740,900.00

Agent:                            Merrill Lynch & Co., as Principal     


Original Issue Date:              October 25, 1996     

Stated Maturity Date:             November 15, 2011    

Cusip #:                          63858S-BA-6    
Form:                             Book entry only         


Interest Rate:                    7.375% per annum             

Interest Payment Dates:           15th of each month, commencing on
                                  November 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 November 15, 2000 and 
each Interest Payment Date occurring in May or November 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, as described in the Prospectus Supplement.    


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

Interest rates offered by the Company with respect to offerings of 
medium term notes may differ depending upon, among other things, the 
aggregate principal amount of the such notes purchased in any single 
transaction.                                                

(1):    Notes purchased by the Agent as principal may be resold to 
        investors and other purchasers at varying prices relating to 
        prevailing market prices at the time of resale as determined 
        by Merrill Lynch & Co.