Nations Balanced Target Maturity Fund, Inc. (NYSE: NBM); Plan of Liquidation

Nations Balanced Target Maturity Fund, Inc. (NYSE: NBM); Plan of
Liquidation 


CHARLOTTE, June 4  /PRNewswire-FirstCall/ -- The Board of Directors and the
Shareholders of Nations Balanced Target Maturity Fund, Inc. (the "Company")
have approved a Plan of Liquidation and Termination (the "Plan") for the
Company.  The Plan is intended to accomplish the complete liquidation and
termination of the Company as both a registered investment company and a
Maryland corporation, in accordance with its investment objectives.

The Plan provides for a complete liquidation of the Company by September 30,
2004 or shortly after.  In light of this action, the Company has suspended
quarterly dividends.  However, the Company expects that, pursuant to the Plan,
it will make liquidating distributions on a quarterly basis leading up to the
liquidation date.  The next liquidating distribution is payable on June 29,
2004 to shareholders of record on June 18, 2004.

The Company is a diversified, closed-end management investment company. The
Company's investment objectives are to provide a return of investment on or
about September 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. 

DATASOURCE: Banc of America Capital Management, LLC



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

America Capital Management, LLC, [phone]

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