Hatteras Income Securities, Inc. (NYSE: HAT) and Nations Balanced Target Maturity Fund, Inc. (NYSE: NBM) Management Changes

Hatteras Income Securities, Inc. (NYSE: HAT) and Nations Balanced
Target Maturity Fund, Inc. (NYSE: NBM) Management Changes 


CHARLOTTE, N.C., June 15  /PRNewswire-FirstCall/ -- The Boards of Directors
(the "Boards") of each of Hatteras Income Securities, Inc. and Nations Balanced
Target Maturity Fund, Inc. (collectively, the "Companies") have accepted the
resignation of Edward D. Bedard as President and Chief Executive Officer of the
Companies effective June 1, 2004.  Mr. Bedard was succeeded by Keith T. Banks,
who was appointed as President and Chief Executive Officer of the Companies. 
Mr. Banks currently is President and Chief Investment Officer of Columbia
Management Group.  These changes in management have not affected, nor are they
expected to affect, the Companies' portfolio management activities or
day-to-day operations.

The Companies are publicly traded closed-end registered investment companies,
advised by Banc of America Capital Management, LLC.  Columbia Management Group
entities are now subsidiaries of Bank of America Corporation, which is also the
parent company of Banc of America Capital Management, LLC. 

DATASOURCE: Banc of America Capital Management, LLC



CONTACT: Gerald Murphy, Chief Financial Officer and Treasurer of Banc of

America Capital Management, [phone]

Copyright