Government & Corporate Bond Funds

Nations Funds
Notes to financial statements (continued) (unaudited)
Unrealized
Notional appreciation
amount Fixed rate/total return payments Floating rate/ total return payments (depreciation)
Description (000) made by the Fund received by the Fund (000)
Contract with Salomon Smith
Barney, effective February 1,
2005, expiring February 1,
2007(a) ******************
Contract with Salomon Smith
Barney, effective February 1,
2005, expiring February 1,
$ 77,350 4.83% 3-month Euro LIBOR $ (679)
2007(a) ******************
Contract with Salomon Smith
Barney, effective
December 9, 2002, expiring
77,350 4.52 3-month Euro LIBOR (206)
December 10, 2012(a) ******
Contract with Salomon Smith
Barney, effective February 1,
2005, expiring February 1,
30,250 3-month Euro LIBOR 4.74% 383
2007(a) ******************
Contract with Salomon Smith
Barney, effective February 1,
2005, expiring February 1,
736,650 3-month Krona LIBOR 5.50 549
2007(a) ******************
Contract with Salomon Smith
Barney, effective February 1,
2005, expiring February 1,
736,650 3-month Krona LIBOR 5.38 397
2007(a) ******************
Contract with Salomon Smith
Barney, effective February 1,
2005, expiring February 1,
736,650 3-month Krona LIBOR 5.39 410
2007(a) ******************
Contract with Salomon Smith
Barney, effective
September 9, 2002, expiring
736,650 3-month Krona LIBOR 5.20 156
December 10, 2012(a) ******
Contract with Salomon Smith
Barney, effective
December 9, 2002, expiring
30,000 4.62 3-month LIBOR (677)
December 10, 2012(a) ******
Contract with Salomon Smith
Barney, effective January 31,
30,000 4.61 3-month LIBOR (606)
2002, expiring November 30, World Government Bond Index Solomon US Treasury Index
2003(a) ******************
Total net unrealized
130,000 Total Return Total Return 1,745
appreciation ****************
Strategic Income Fund:
Contract with Morgan Stanley,
$ 57
effective July 31, 2002, CMBS Aaa Index Floating II CMBS Aaa Index Spread
expiring October 31, 2002(a) 2,000 Total Return Floating I Total Return $ (4)
(a) Fair valued.
9. Shares of beneficial interest
As of September 30, 2002, an unlimited number of reclassify any authorized but unissued shares into one or
shares of beneficial interest without par value were more additional classes or series of shares. See Schedules
authorized for Funds Trust. Funds Trust’s Declarations of
Trust authorizes the Board of Trustees to classify or
of capital stock activity.
70