Nations Balanced Target Maturity Fund, Inc.; Dividend Declaration

Business Wire, Dec 5, 1997

CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 5, 1997--The Board of Directors of Nations Balanced Target Maturity Fund, Inc. (NYSE: NBM) declared an ordinary income dividend of $0.105 per share, representing earnings for the quarter ending Dec. 31, 1997. The dividend is payable on Dec. 30, 1997 to shareholders of record on Dec. 15, 1997.

Nations Balanced Target Maturity Fund, Inc. (the "Company") is a diversified, closed-end management investment company. The Company's investment objective is to provide a return of investment on or about Dec. 30, 2004 (the "Maturity Date") to investors who purchased shares in the Company's initial public offering of the Company and who reinvests all dividends and hold their shares to the Maturity Date, and to provide long-term growth of capital, with income a secondary objective. The Company will seek to achieve its investment objectives by investing a portion of its assets in "zero coupon" U.S. Treasury obligations and the balance of its assets primarily in common stocks.

The Company's investment adviser is NationsBanc Advisors, Inc. based in Charlotte, North Carolina. Additional information regarding the Company and its investment objectives is available by calling (704) 386-9185.

To obtain additional information, please contact a representative at (800) 321-7854.

CONTACT: Nations Balanced Target Maturity Fund, Inc., Charlotte

Richard Szafran, 704/386-9185