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NATIONSBANK TO DONATE FORMER HEADQUARTERS OFFICE BUILDING TO GEORGIA STATE UNIVERSITY

 NATIONSBANK TO DONATE FORMER HEADQUARTERS OFFICE BUILDING
 TO GEORGIA STATE UNIVERSITY
 ATLANTA, May 13 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) today announced it will donate its former downtown Atlanta headquarters, a 14-story building at 35 Broad Street, to Georgia State University.
 The university plans to use the NationsBank Building for administrative and faculty offices for its College of Business Administration. The building has 196,417 square feet, including 178,890 square feet of office space.
 "We are proud to make this gift to Georgia State University," said Bennett A. Brown, Chairman of NationsBank. "We believe this building will address Georgia State's growth needs while also providing the College of Business with more resources to enhance its reputation as one of the finest business schools in the country. This donation will also continue to spur Georgia State's development as the Southeast's foremost urban university."
 "We are grateful for the support of Bennett Brown, Ken Lewis and the people at NationsBank for their commitment to Georgia State University and our mission of providing outstanding educational opportunities to the citizens of Atlanta and Georgia," said Sherman Day, acting president of Georgia State.
 Besides providing significant benefits to Georgia State, NationsBank executives also believe the building's future use will help attract other institutions and investors to the Five Points section of downtown Atlanta.
 "The core section of downtown must remain a hub of business, educational and social activity," said Ken Lewis, president of General Banking for NationsBank and a graduate of Georgia State University. "NationsBank remains intensely committed to the city of Atlanta and the continuing development and growth of this community."
 NationsBank has an estimated 3,300 employees at three major locations in downtown Atlanta. The locations are the NationsBank Operations Center at 222 Mitchell Street, the NationsBank Plaza and the NationsBank Midtown Center. NationsBank also operates 116 bank branches in metropolitan Atlanta.
 NationsBank will continue to operate a bank branch on the building's first floor and will also utilize the basement and the second floor, leasing back this space from Georgia State. The NationsBank clock at the corner of Broad and Walton Streets also will remain.
 Georgia State professors and administrators will occupy the remainder of the building, or approximately 152,000 square feet. As one of the nation's largest accredited business schools, the Georgia State College of Business Administration has 170 faculty and 130 staff members, and 300 doctoral students and student assistants. Enrollment in the business school is approximately 8,700 with more than 2,800 in graduate programs. "We are deeply indebted to NationsBank for their generous support," said John Hogan, dean of Georgia State's College of Business Administration. "This gift is a milestone in the college's history and offers great opportunities for program growth."
 The donation of the building is the largest single gift ever made in Atlanta by NationsBank and its predecessor, the former Citizens and Southern National Bank. The company regularly donates furniture, office equipment and other goods to local charitable and civic institutions. In December, it donated recreational facilities on 77 acres of leased land in Cherokee County valued at approximately $1 million to the Young Men's Christian Association (YMCA) of Metropolitan Atlanta.
 Preliminary plans call for Georgia State to begin occupying the building by the end of 1992. NationsBank employees who work at the 35 Broad Street building have been gradually moving into the NationsBank Plaza at 600 Peachtree Street since January. Broad Street employees are scheduled to complete their move to the new building by August.
 NationsBank is the largest bank in Georgia and the fourth largest banking company in the U.S. It has total assets of $113 billion and more than 1,800 banking centers in 10 states and the District of Columbia.
 -0- 5/13/92
 /CONTACT: Scott Scredon of NationsBank, 404-607-5225/
 (NB) CO: NationsBank Corporation; Georgia State University ST: Georgia IN: SU:


BR-BN -- AT010 -- 9754 05/13/92 14:01 EDT
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Date:May 13, 1992
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