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Government & Corporate Bond Funds

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Nations <strong>Funds</strong><br />

Statements of changes in net assets (continued)<br />

Short-Intermediate <strong>Government</strong> <strong>Government</strong> Securities<br />

Six months Six months<br />

ended ended<br />

9/30/02 Year ended 9/30/02 Year ended<br />

(unaudited) 3/31/02 (unaudited) 3/31/02<br />

$ 7,786 $ 23,668 $ 4,229 $ 11,990<br />

10,719 18,036 9,149 8,227<br />

22,527 (14,504) 15,784 (9,107)<br />

41,032 27,200 29,162 11,110<br />

(6,789) (21,398) (2,698) (8,056)<br />

(2) (5) — —<br />

(655) (1,783) (880) (2,458)<br />

(255) (371) (624) (1,401)<br />

(85) (111) (27) (74)<br />

— — — —<br />

— — — —<br />

— — — —<br />

— — — —<br />

— — — —<br />

61,511 (97,107) (17,048) 35,286<br />

94,757 (93,575) 7,885 34,407<br />

456,909 550,484 274,599 240,192<br />

$ 551,666 $ 456,909 $ 282,484 $ 274,599<br />

$ — $ — $ (394) $ (394)<br />

See notes to financial statements.<br />

35

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