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NATIONSBANK ANNOUNCES $30,000 COMMITMENT TO SOUTH CAROLINA U.S. OLYMPIC COMMITTEE

 NATIONSBANK ANNOUNCES $30,000 COMMITMENT
 TO SOUTH CAROLINA U.S. OLYMPIC COMMITTEE
 COLUMBIA, S.C., June 24 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) today announced a $30,000 commitment to the U.S. Olympic Committee (USOC) in South Carolina as part of the company's sponsorship of the 1992 U.S. Olympic Team.
 The $30,000 is part of a financial commitment made by NationsBank to sponsor the 1992 U.S. Olympic Team in Barcelona.
 NationsBank also will contribute funds to USOC committees in the District of Columbia and several other states where it operates banks. These states are Florida, Georgia, Maryland, North Carolina, Tennessee, Texas and Virginia.
 "As a first-time sponsor of the U.S. Olympic Team, NationsBank is extremely proud to be associated with the athletes on the team and the USOC," said Jim Lientz, president of NationsBank South Carolina. "There is no sporting event in the world that exemplifies excellence and hard work better than the Olympic Games, and those are qualities we want associated with NationsBank.
 "We hope our contribution will help the USOC continue to develop some of the finest athletes in the Palmetto State and in the world."
 The USOC, which is the coordinating body for all Olympic activities in the United States, expressed its appreciation for the contribution. "Only a select group of companies in the nation have the honor to be associated with the U.S. Olympic Team, and NationsBank is one of those companies," said Robert C. Onorato, South Carolina chairman for the USOC. "We are proud to have NationsBank play a major role in funding our training efforts."
 The pledge by NationsBank will be used for a variety of purposes, including direct grants to athletes preparing to compete in the 1996 Summer Olympic Games to be held in Atlanta. The grants help pay for the athletes' living expenses during their training for the Olympic Games.
 In addition to its sponsorship of the 1992 U.S. Olympic Team, NationsBank also has announced that it will be a corporate sponsor for the 1996 Summer Olympic Games in Atlanta. The company has extended a $300 million line of credit to the Atlanta Committee for the Olympic Games to finance the construction of facilities needed for the 1996 Olympic Games.
 NationsBank employees helped celebrate the announcement and kicked off the 1992 Summer Games with a hot dog roast on the lawn of NationsBank Plaza on Main Street in Columbia.
 Also participating in the celebration was Steve Lundquist, a gold medalist and member of the U.S. Men's Swimming Team at the 1984 Summer Games in Los Angeles.
 State champions from the Carolina Gymnastics Center in Columbia provided exhibition floor exercises and acrobatics at the announcement.
 NationsBank Corp. is the fourth largest bank holding company in the nation with $113 billion in assets and full-service banks in nine states and the District of Columbia.
 -0- 6/24/92
 /CONTACT: Chris Spencer, NationsBank-South Carolina, 803-758-2348/
 (NB) CO: NationsBank Corporation ST: North Carolina, South Carolina IN: FIN SU:


CM -- CH009 -- 3384 06/24/92 15:11 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
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