A June 14 article on page 4, "NationsBank Grows in London, by Necessity," incorrectly reported several aspects of the U.S. company's joint venture with Gartmore, a British investment fund.

NationsBank does not own 10% of Gartmore; it has an option to acquire that share if assets under their joint management reach $5 billion in five years. Furthermore, the partnership agreement does not let NationsBank pull out if that target is not reached.

Finally, NationsBank Panmure Investment Management Ltd. has been dissolved, not merged into the joint venture.

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