Nations Balanced Target Maturity Fund, Inc. (NYSE: NBM); Plan of Liquidation CHARLOTTE, N.C., Sept. 3 /PRNewswire-FirstCall/ -- The Board of Directors of Nations Balanced Target Maturity Fund, Inc. (the "Company") has 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 been making liquidating distributions on a quarterly basis leading up to the liquidation date. The final liquidating distribution will be made on or about September 30, 2004. DATASOURCE: Banc of America Capital Management, LLC CONTACT: Gerald Murphy, Chief Financial Officer and Treasurer of Nations Balanced Target Maturity Fund, Inc., +1-704-388-9174

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