Bank of America(logo)
                                               100 North Tryon Street
                                               Charlotte, NC 28255

                                               Tel 704.386.5000

Pricing Supplement No. 0246 Dated February 7, 2000      Rule 424(b)(2)
(To Prospectus dated May 21, 1998 and                   File number: 333-51367
Prospectus Supplement dated November 16, 1998)

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


Principal Amount:                                 $  25,000,000.00
Issue Price:                       100.00%        $  25,000,000.00
Commission or Discount:              1.55%        $     387,500.00
Proceeds to Corporation:            98.45%        $  24,612,500.00

Agent:                   Merrill Lynch & Co., as Principal (1)

Original Issue Date:     February 23, 2000

Stated Maturity Date:    February 23, 2015

Cusip #:                 06050N-AQ-8

Form:                    Book-entry only

Interest Rate:           8.00% per annum

Interest Payment Dates:  The 23rd of each month commencing March 23, 2000

Discount Note?                                                          No

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

The notes will be subject to redemption at the option of the Corporation,
in whole, on the Interest Payment Date occurring February 23, 2003 and on
any Interest Payment Date occurring in February or August thereafter at a
redemption price equal to 100% of the principal amount of the Notes, plus
acrued interest thereon, if any, upon at least 30 calendar days prior notice
to the NoteHolder and the Trustee, as described in the Prospectus Supplement.

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

(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.