Schedule A

RULE 10F-3 TRANSACTIONS REPORT
January 1, 2004 through March 31, 2004
Affiliated Underwriter: Banc of America Securities, LLC

	Type of
	Security*		Date					Principal/									% of
	(1), (2),		Offering		Purchase			Shares				Price Paid		% of			Fund
Issuer	(3),(4)		Commenced		Date		Selling Broker**	Purchased		Price/Par		By Fund		Issue			Assets
Nations Funds Trust
Nations Asset Allocation Fund
Sungard Data Systems 4.875% 01/15/14		3		01/12/04		01/12/04	CitiGroup Financial		52,000	$	99.336	$	51,655		0.02	%		0.03	%
iStar Financial, Inc. 4.875% 01/15/09		3		01/15/04		01/15/04	Deutsche Bank		169,000	$	99.892	$	168,817		0.05	%		0.08	%
Proctor & Gamble 5.5% 02/01/34		1		01/22/04		01/22/04	Goldman Sachs		72,000	$	99.577	$	71,695		0.01	%		0.03	%
Corning Inc. 5.9% 03/15/14		1		03/09/04		03/09/04	J.P. Morgan Chase		85,000	$	99.850	$	84,873		0.04	%		0.04	%
Toll Brothers, Inc. 4.95% 03/15/14		3		03/09/04		03/09/04	CitiGroup Financial		97,000	$	99.517	$	96,531		0.03	%		0.05	%
International Lease Corporation 3.5% 04/01/09		1		03/19/04		03/19/04	J.P. Morgan Chase		213,000	$	99.785	$	212,542		0.04	%		0.11	%
EOP Operating LLP 4.75% 03/15/14		1		03/23/04		03/23/04	CitiGroup Financial		128,000	$	99.774	$	127,711		0.01	%		0.06	%
Nations Bond Fund
Sungard Data Systems 4.875% 01/15/14		3		01/12/04		01/12/04	CitiGroup Financial		1,726,000	$	99.336	$	1,714,539		0.69	%		0.07	%
iStar Financial, Inc. 4.875% 01/15/09		3		01/15/04		01/15/04	Deutsche Bank		5,525,000	$	99.892	$	5,519,033		1.58	%		0.23	%
Proctor & Gamble 5.5% 02/01/34		1		01/22/04		01/22/04	Goldman Sachs		2,194,000	$	99.577	$	2,184,719		0.44	%		0.09	%
WFS Financial Auto 2004-1 2.34% 08/22/11		1		02/09/04		02/09/04	CitiGroup Financial		5,000,000	$	99.983	$	4,999,143		0.34	%		0.21	%
Corning Inc. 5.9% 03/15/14		1		03/09/04		03/09/04	J.P. Morgan Chase		2,730,000	$	99.850	$	2,725,905		1.37	%		0.12	%
Toll Brothers, Inc. 4.95% 03/15/14		3		03/09/04		03/09/04	CitiGroup Financial		3,102,000	$	99.517	$	3,087,017		1.03	%		0.13	%
International Lease Corporation 3.5% 04/01/09		1		03/19/04		03/19/04	J.P. Morgan Chase		6,760,000	$	99.785	$	6,745,466		1.13	%		0.29	%
EOP Operating LLP 4.75% 03/15/14		1		03/23/04		03/23/04	CitiGroup Financial		3,822,000	$	99.774	$	3,813,362		0.38	%		0.16	%
Nations Convertible Securities Fund
Teva Pharmaceuticals 0.5% 02/01/24		1		01/22/04		01/22/04	Lehman Brothers		30,000,000	$	100.000	$	30,000,000		7.50	%		1.89	%
American Axle 2% 02/15/24		1		02/06/04		02/06/04	Wachovia		498,000	$	100.000	$	498,000		0.38	%		0.03	%
Solectron Corporation 0.5% 02/15/34		1		02/09/04		02/09/04	Goldman Sachs		4,975,000	$	100.000	$	4,975,000		1.11	%		0.32	%
Fluor Corporation 1.5% 02/15/24		1		02/11/04		02/11/04	CitiGroup Financial		7,425,000	$	100.000	$	7,425,000		2.48	%		0.46	%
Dick’s Sporting Goods 1.6061% 02/18/24		1		02/11/04		02/11/04	Merrill Lynch		1,990,000	$	67.625	$	1,345,738		0.87	%		0.08	%
Saks, Inc. 2% 03/15/24		1		03/17/04		03/17/04	Goldman Sachs		4,970,000	$	100.000	$	4,970,000		2.49	%		0.31	%
Chesapeake Energy Pfd 4.125%		3		03/24/04		03/24/04	Lehman Brothers		10,000	$	1,000.000	$	10,000,000		4.44	%		0.64	%
Nations Government Securities Fund
FHLMC 2.375% 02/15/07		1		01/14/04		01/14/04	J.P. Morgan Chase		600,000	$	99.707	$	598,240		0.01	%		0.28	%
Nations MidCap Growth Fund
XM Satellite Radio Holdings, Inc.		1		01/22/04		01/22/04	Bear Stearns		77,801	$	26.500	$	2,061,727		0.39	%		0.38	%
Nations Short-Term Income Fund
FHLMC 2.375% 02/15/07		1		01/14/04		01/14/04	J.P. Morgan Chase		10,000,000	$	99.707	$	9,970,700		0.20	%		0.90	%
USSA Auto Owner Trust 2004-1 A4 2.671% 10/15/10		1		02/23/04		02/23/04	Barclays		8,200,000	$	99.973	$	8,197,752		0.43	%		0.69	%
Daimler Chrysler Auto Trust 2004-A 2.58% 04/08/09		1		02/24/04		02/24/04	Deutsche Bank		5,000,000	$	99.982	$	4,999,121		0.50	%		0.42	%
Nations Short-Intermediate Government Fund
FHLMC 2.375% 02/15/07		1		01/14/04		01/14/04	J.P. Morgan Chase		800,000	$	99.707	$	797,654		0.02	%		0.19	%
Federal Farm Credit Bank 2.625% 09/17/07		1		03/04/04		03/04/04	Wachovia		700,000	$	99.756	$	698,292		0.05	%		0.17	%
Nations Strategic Income Fund
Sungard Data Systems 4.875% 01/15/14		3		01/12/04		01/12/04	CitiGroup Financial		105,000	$	99.336	$	104,303		0.04	%		0.04	%
Proctor & Gamble 5.5% 02/01/34		1		01/22/04		01/22/04	Goldman Sachs		148,000	$	99.577	$	147,374		0.03	%		0.06	%
Toll Brothers, Inc. 4.95% 03/15/14		3		03/09/04		03/09/04	CitiGroup Financial		200,000	$	99.517	$	199,034		0.07	%		0.08	%
International Lease Corporation 3.5% 04/01/09		1		03/19/04		03/19/04	J.P. Morgan Chase		438,000	$	99.785	$	437,058		0.07	%		0.18	%
EOP Operating LLP 4.75% 03/15/14		1		03/23/04		03/23/04	CitiGroup Financial		268,000	$	99.774	$	267,394		0.03	%		0.11	%
Corporate Bond Portfolio
Sungard Data Systems 4.875% 01/15/14		3		01/12/04		01/12/04	CitiGroup Financial		159,000	$	99.336	$	157,944		0.06	%		0.26	%
Proctor & Gamble 5.5% 02/01/34		1		01/22/04		01/22/04	Goldman Sachs		88,000	$	99.577	$	87,628		0.02	%		0.14	%
EOP Operating LLP 4.75% 03/15/14		1		03/23/04		03/23/04	CitiGroup Financial		443,000	$	99.774	$	441,999		0.04	%		0.72	%
High Income Portfolio
Exco Resources, Inc. 7.25% 01/15/11		3		01/14/04		01/14/04	Credit Suisse First Boston		23,000	$	100.000	$	23,000		0.01	%		0.23	%
Argosy Gaming Corporation 7% 01/15/14		3		02/05/04		02/05/04	Morgan Stanley		45,000	$	100.000	$	45,000		0.01	%		0.50	%
Trinity Industries 6.5% 03/15/14		3		03/05/04		03/05/04	J.P. Morgan Chase		20,000	$	101.125	$	20,225		0.01	%		0.25	%
Norske Skog, Inc. 7.375% 03/01/14		3		03/10/04		03/10/04	Merrill Lynch		60,000	$	100.000	$	60,000		0.02	%		0.74	%
Standard Pacific Corporation 6.25% 04/01/14		1		03/11/04		03/11/04	Credit Suisse First Boston		35,000	$	100.000	$	35,000		0.02	%		0.44	%
Rural Cellular Corporation 8.25% 03/15/12		3		03/15/04		03/15/04	Lehman Brothers		30,000	$	100.000	$	30,000		0.01	%		0.39	%
Nextell Communication Corporation 5.95% 03/15/14		3		03/15/04		03/15/04	J.P. Morgan Chase		80,000	$	97.795	$	78,236		0.02	%		1.01	%
Services Corporation International 6.75% 04/01/16		3		03/30/04		03/30/04	Merrill Lynch		39,000	$	99.500	$	38,805		0.02	%		0.51	%

*     The following designations identify whether the securities are: (1) part of a Registered Offering; (2) part of an Eligible Foreign Offering; (3) part of an Eligible Rule 144A Offering; or (4) Eligible Municipal Securities, as such terms are defined in the Procedures for Investment Pursuant to Rule 10f-3 under the Investment Company Act of 1940, as amended.

**     The Selling Broker is not affiliated with the Affiliated Underwriter.

The amount of securities of any class purchased by a Fund aggregated with purchases by any other investment company advised by the Adviser, and any purchases by another account with respect to which the Adviser has investment discretion if the Adviser exercised such investment discretion with respect to the purchase, shall not exceed (i) 25% of the principal amount of the offering of such class or (ii) if an Eligible Rule 144A offering, 25% of the total of the principal amount of the offering of such class sold to qualified institutional buyers plus the principal amount of the offering of such class in any concurrent public offering.

The securities were offered in a firm commitment underwriting (unless a rights offering) and the securities purchased were of an issuer who had been in continuous operations for not less than three years, including predecessors (except for Eligible Municipal Securities).