NationsBank Corp. and MCI Communications Corp. have signed a network management and consulting agreement - a first for the two companies - that will improve the capabilities of the bank's communications network.

Under the three-year, multimillion-dollar contract, MCI is providing a package of services called Knowledge to NationsBank. The company is managing the bank's 22-site, nationwide data network using frame relay, a type of transmission technology that is good at handling high-speed data over widearea networks. Frame relay can support such high-bandwidth applications as imaging, bulk file transfers, and electronic transaction processing.

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