Government & Corporate Bond Funds

Nations Funds
Schedules of capital stock activity (continued)
High Yield Bond
Six months ended
September 30, 2002 Year ended
(unaudited) March 31, 2002
Shares Dollars Shares Dollars
(In thousands)
Primary A Shares:
Sold************************************************************* 11,935 $100,187 19,447 $174,045
Issued as reinvestment of dividends *********************************** 118 971 251 2,226
Redeemed ******************************************************** (4,377) (36,123) (4,319) (37,701)
Net increase/(decrease) ********************************************* 7,676 $ 65,035 15,379 $138,570
Investor A Shares:
Sold************************************************************* 6,075 $ 51,838 3,667 $ 32,600
Issued as reinvestment of dividends *********************************** 140 1,141 148 1,295
Redeemed ******************************************************** (4,510) (37,728) (1,136) (10,188)
Net increase/(decrease) ********************************************* 1,705 $ 15,251 2,679 $ 23,707
Investor B Shares:
Sold************************************************************* 2,863 $ 24,511 5,271 $ 46,714
Issued as reinvestment of dividends *********************************** 217 1,777 257 2,257
Redeemed ******************************************************** (1,109) (9,054) (648) (5,706)
Net increase/(decrease) ********************************************* 1,971 $ 17,234 4,880 $ 43,265
Investor C Shares:
Sold************************************************************* 1,005 $ 8,644 1,591 $ 14,007
Issued as reinvestment of dividends *********************************** 47 383 36 318
Redeemed ******************************************************** (615) (4,998) (99) (867)
Net increase/(decrease) ********************************************* 437 $ 4,029 1,528 $ 13,458
Total net increase/(decrease) ***************************************** 11,789 $101,549 24,466 $219,000
44
See notes to financial statements.