SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934



         Date of Report (Date of earliest event reported) : May 24, 1996

      NationsLink Funding Corporation, (as depositor under the Pooling and
      Servicing Agreement, dated as of May 1, 1996 caused the issue of
      NationsLink Funding Corporation Commercial Mortgage Pass-Through
      Certificates, Series 1996-1
                    
                         NationsLink Funding Corporation
             (Exact name of registrant as specified in its charter)


           Delaware                       33-80625                  56-1950039
(State or other jurisdiction       (Commission File Number)       (IRS Employer
of incorporation or organization)                            Identification No.)

100 North Tryon Street,
Charlotte, North Carolina                                                28255
(Address of principal executive offices)                             (Zip Code)


       Registrant's telephone number, including area code : (704) 386-5000

                                       N/A
         (Former name or former address, if changed since last report.)



                     Page 1 of 4                     This report consists of 10
                                                   consecutively numbered pages.



<PAGE>







                                                   

Item 5.    Other Events.
- -------    -------------


           On August and September 20 th, 1996,  distributions  were made to the
            Certificateholders.   Specific   information  with  respect  to  the
            distributions is filed as Exhibits 99.1, and 99.2.

           No other reportable  transactions or matters have occurred during the
            current reporting period.


Item 7.    Financial Statements and Exhibits.
- -------    ----------------------------------

           (c)   The following exhibits are filed as part of this report:

                 Statement to Certificateholders  on August 20,  1996  filed as
                  Exhibit 99.1 hereto.

                 Statement to Certificateholders on September 20, 1996 filed as
                  Exhibit 99.2 hereto.

                                       2
<PAGE>






Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                    NATIONSLINK FUNDING
                                                    CORPORATION COMMERCIAL 
                                                    MORTGAGE PASS-THROUGH
                                                    CERTIFICATES SERIES 1996-1



Date:    September 23, 1996                    By:  /s/ James E. Naumann
                                                    ---------------------
                                                    James E. Naumann
                                                    Senior Vice President & CFO



                                       3
<PAGE>


INDEX TO EXHIBITS
- -----------------


      Exhibit
      Number                   Description of Exhibits                Page
      ------             --------------------------------------       ----


        99.1             Monthly Certificateholder Statement on        5
                         August 20, 1996.

        99.2             Monthly Certificateholder Statement on        8
                         September 20, 1996.


                                       4
<PAGE>







                                  Exhibit 99.1

              Monthly Certificateholder Statement on August 20, 1996

                                       5
<PAGE>

<TABLE>
     RUN DATE:08/19/96   09:51:04                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  8/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   7/31/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report



 CLAS CUSIP        BEG. BALANCE     PRIN. DIST.      INT. DIST.      PREP PENAL    COLL DEFICIT      TOTAL DIST    END BALANCE
<S>   <C>         <C>              <C>            <C>                <C>           <C>             <C>           <C>                
 A-1  63859CAA1   70,438,543.09      272,093.80      442,177.95            0.00            0.00      714,271.75   70,166,449.29
 A-2  63859CAB9   96,791,890.00            0.00      606,159.21            0.00            0.00      606,159.21   96,791,890.00
 A-3  63859CAC7   51,622,341.00            0.00      336,835.78            0.00            0.00      336,835.78   51,622,341.00
 B    63859CAD5   16,131,981.00            0.00      103,379.11            0.00            0.00      103,379.11   16,131,981.00
 C    63859CAE3   19,358,378.00            0.00      124,054.94             N/A            0.00      124,054.94   19,358,378.00
 D    63589CAF0   17,745,179.00            0.00      113,717.02             N/A            0.00      113,717.02   17,745,179.00
 E    63859CAG8   14,518,783.00            0.00       93,041.20             N/A            0.00       93,041.20   14,518,783.00
 F    63859CAH6   10,485,788.00            0.00       64,225.45             N/A            0.00       64,225.45   10,485,788.00
 G    63859CAJ2    5,646,193.00            0.00       34,582.93             N/A            0.00       34,582.93    5,646,193.00
 H    63859CAK9    9,679,189.00            0.00       59,285.03             N/A            0.00       59,285.03    9,679,189.00
 IO   63859CAM5  322,065,249.62            0.00      141,228.35            0.00            0.00      141,228.35  321,793,183.03
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,107.61             N/A            0.00       54,107.61    9,679,194.58


   TOTAL:        322,097,459.67      272,093.80    2,172,794.58            0.00            0.00    2,444,888.38  321,825,365.87
1
     RUN DATE:08/19/96   09:51:04                NationsLink Funding Corporation                                 Page  2
     DIST. DATE:  8/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   7/31/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report



 CLAS CUSIP         ACCR INT       APPR RED AMT    UNPAID INT     PRIN FACTOR     INT FACTOR  E. BAL FACTOR  CURR RATE NEXT RATE

 A-1  63859CA     442,177.95               0.00            0.00    3.83334804     6.22955017   988.52829724    7.53300   7.53300
 A-2  63859CA     606,159.21               0.00            0.00    0.00000000     6.26249999 1,000.00000000    7.51500   7.51500
 A-3  63859CA     336,835.78               0.00            0.00    0.00000000     6.52500010 1,000.00000000    7.83000   7.83000
 B    63859CA     103,379.11               0.00            0.00    0.00000000     6.40833324 1,000.00000000    7.69000   7.69000
 C    63859CA     124,054.94               0.00            0.00    0.00000000     6.40833338 1,000.00000000    7.69000   7.69000
 D    63589CA     113,717.02               0.00            0.00    0.00000000     6.40833322 1,000.00000000    7.69000   7.69000
 E    63859CA      93,041.20               0.00            0.00    0.00000000     6.40833326 1,000.00000000    7.69000   7.69000
 F    63859CA      64,225.45               0.00            0.00    0.00000000     6.12499986 1,000.00000000    7.35000   7.35000
 G    63859CA      34,582.93               0.00            0.00    0.00000000     6.12499962 1,000.00000000    7.35000   7.35000
 H    63859CA      59,285.03               0.00            0.00    0.00000000     6.12499973 1,000.00000000    7.35000   7.35000
 UR   63859CA      54,848.77               0.00            0.00    0.00000000     5.59009425 1,000.00000000    6.80000   6.80000
 R                      0.00               0.00            0.00    0.00000000     0.00000000     0.00000000    0.00000   0.00000
 IO   63859CA     141,228.35               0.00            0.00    0.00000000     0.43777161   997.47622427    0.52621   0.52620


  TOTAL:       2,173,535.74               0.00            0.00
1
</TABLE>
<PAGE>
RUN DATE:08/19/96   09:51:05            NationsLink Funding Corporation      
DIST. DATE:  8/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  7/31/96                         Series 1996-1
                                     Monthly Certificate Holders Report




P & I Advances                                                     34,157.89

Servicing Compensation                                             79,912.36

Beginning Balance(Mortgage Loans)                             322,097,459.37

Ending Balance(Mortgage Loans)                                321,825,365.57

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          321,825,365.57

Weighted Average Remaining Term to Maturity                           101.56

Weighted Average Mortgage Rate                                       8.38299%

# of Loans Delinquent(1 month)                                             0

Balance of Loans Delinquent(1 month)                                    0.00

# of Loans Delinquent(2 month)                                             0

Balance of Loans Delinquent(2 month)                                    0.00

# of Loans Delinquent(3 month)                                             0

Balance of Loans Delinquent(3 month)                                    0.00

# of Loans Delinquent(In Foreclosure)                                      0

Balance of Loans Delinquent(In Foreclosure)                             0.00

Appraisal Value of REO Property                                         0.00

Appraisal Distribution Amount                                   2,445,976.79

Scheduled Principal Distribution Amount                           272,093.80

Unscheduled Principal Distribution Amount                               0.00

                                      7
<PAGE>





                                  Exhibit 99.2

              Monthly Certificateholder Statement on Septmeber 20, 1996

                                       8
<PAGE>
<TABLE>
     RUN DATE:09/16/96   15:30:20                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  9/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   8/30/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report



 CLAS CUSIP        BEG. BALANCE     PRIN. DIST.      INT. DIST.      PREP PENAL    COLL DEFICIT      TOTAL DIST    END BALANCE
<S>   <C>        <C>              <C>              <C>             <C>             <C>           <C>            <C>                 
 A-1  63859CAA1   70,166,449.29      273,992.14      440,469.89            0.00            0.00      714,462.03   69,892,457.15
 A-2  63859CAB9   96,791,890.00            0.00      606,159.21            0.00            0.00      606,159.21   96,791,890.00
 A-3  63859CAC7   51,622,341.00            0.00      336,835.78            0.00            0.00      336,835.78   51,622,341.00
 B    63859CAD5   16,131,981.00            0.00      103,379.11            0.00            0.00      103,379.11   16,131,981.00
 C    63859CAE3   19,358,378.00            0.00      124,054.94             N/A            0.00      124,054.94   19,358,378.00
 D    63589CAF0   17,745,179.00            0.00      113,717.02             N/A            0.00      113,717.02   17,745,179.00
 E    63859CAG8   14,518,783.00            0.00       93,041.20             N/A            0.00       93,041.20   14,518,783.00
 F    63859CAH6   10,485,788.00            0.00       64,225.45             N/A            0.00       64,225.45   10,485,788.00
 G    63859CAJ2    5,646,193.00            0.00       34,582.93             N/A            0.00       34,582.93    5,646,193.00
 H    63859CAK9    9,679,189.00            0.00       59,285.03             N/A            0.00       59,285.03    9,679,189.00
 IO   63859CAM5  321,793,183.03            0.00      141,102.33            0.00            0.00      141,102.33  321,519,218.29
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,629.53             N/A            0.00       54,629.53    9,679,194.58


   TOTAL:        321,825,365.87      273,992.14    2,171,482.42            0.00            0.00    2,445,474.56  321,551,373.73
1
     RUN DATE:09/16/96   15:30:20                NationsLink Funding Corporation                                 
     DIST. DATE:  9/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   8/30/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report



 CLAS CUSIP         ACCR INT       APPR RED AMT    UNPAID INT     PRIN FACTOR     INT FACTOR  E. BAL FACTOR  CURR RATE NEXT RATE

 A-1  63859CA     440,469.89               0.00            0.00    3.86009249     6.20548645   984.66820476    7.53300   7.53300
 A-2  63859CA     606,159.21               0.00            0.00    0.00000000     6.26249999 1,000.00000000    7.51500   7.51500
 A-3  63859CA     336,835.78               0.00            0.00    0.00000000     6.52500010 1,000.00000000    7.83000   7.83000
 B    63859CA     103,379.11               0.00            0.00    0.00000000     6.40833324 1,000.00000000    7.69000   7.69000
 C    63859CA     124,054.94               0.00            0.00    0.00000000     6.40833338 1,000.00000000    7.69000   7.69000
 D    63589CA     113,717.02               0.00            0.00    0.00000000     6.40833322 1,000.00000000    7.69000   7.69000
 E    63859CA      93,041.20               0.00            0.00    0.00000000     6.40833326 1,000.00000000    7.69000   7.69000
 F    63859CA      64,225.45               0.00            0.00    0.00000000     6.12499986 1,000.00000000    7.35000   7.35000
 G    63859CA      34,582.93               0.00            0.00    0.00000000     6.12499962 1,000.00000000    7.35000   7.35000
 H    63859CA      59,285.03               0.00            0.00    0.00000000     6.12499973 1,000.00000000    7.35000   7.35000
 UR   63859CA      54,848.77               0.00          741.16    0.00000000     5.64401610 1,000.00000000    6.80000   6.80000
 R                      0.00               0.00            0.00    0.00000000     0.00000000     0.00000000    0.00000   0.00000
 IO   63859CA     141,102.33               0.00            0.00    0.00000000     0.43738099   996.62700393    0.52619   0.51269


   TOTAL:       2,171,701.66               0.00          741.16
1
</TABLE>
<PAGE>

RUN DATE:09/16/96   15:30:20           NationsLink Funding Corporation  
DIST. DATE:  9/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  8/30/96
                                                 Series 1996-1

                                      Monthly Certificate Holders Report




P & I Advances                                                          0.00

Servicing Compensation                                             79,848.45

Beginning Balance(Mortgage Loans)                             321,825,365.57

Ending Balance(Mortgage Loans)                                321,551,373.43

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          321,551,373.43

Weighted Average Remaining Term to Maturity                           100.56

Weighted Average Mortgage Rate                                       8.38301%

# of Loans Delinquent(1 month)                                             0

Balance of Loans Delinquent(1 month)                                    0.00

# of Loans Delinquent(2 month)                                             0

Balance of Loans Delinquent(2 month)                                    0.00

# of Loans Delinquent(3 month)                                             0

Balance of Loans Delinquent(3 month)                                    0.00

# of Loans Delinquent(In Foreclosure)                                      0

Balance of Loans Delinquent(In Foreclosure)                             0.00

Appraisal Value of REO Property                                         0.00

Appraisal Distribution Amount                                   2,446,040.70

Scheduled Principal Distribution Amount                           273,992.14

Unscheduled Principal Distribution Amount                               0.00

                                       10
[{"type": "8-K", "sequence": "1", "description": "PAYMENT DATE STATEMENTS", "secsgml_size_bytes": 17803}]
{"company-data": {"conformed-name": "NATIONSLINK FUNDING CORP", "cik": "0001005007", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-80625", "film-number": "96633145"}, "business-address": {"street1": "NATIONSBANK CORPORATE CENTER", "street2": "100 NORTH TYRON STREET", "city": "CHARLOTTE", "state": "NC", "zip": "28255", "phone": "7043865000"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

         Date of Report (Date of earliest event reported) : May 24, 1996

      NationsLink Funding Corporation, (as depositor under the Pooling and
      Servicing Agreement, dated as of May 1, 1996 caused the issue of
      NationsLink Funding Corporation Commercial Mortgage Pass-Through
      Certificates, Series 1996-1
                    
                         NationsLink Funding Corporation
             (Exact name of registrant as specified in its charter)

           Delaware                       33-80625                  56-1950039
(State or other jurisdiction       (Commission File Number)       (IRS Employer
of incorporation or organization)                            Identification No.)

100 North Tryon Street,
Charlotte, North Carolina                                                28255
(Address of principal executive offices)                             (Zip Code)

       Registrant's telephone number, including area code : (704) 386-5000

                                       N/A
         (Former name or former address, if changed since last report.)

                     Page 1 of 4                     This report consists of 10
                                                   consecutively numbered pages.
Item 5.    Other Events.
- -------    -------------

           On August and September 20 th, 1996,  distributions  were made to the
            Certificateholders.   Specific   information  with  respect  to  the
            distributions is filed as Exhibits 99.1, and 99.2.

           No other reportable  transactions or matters have occurred during the
            current reporting period.

Item 7.    Financial Statements and Exhibits.
- -------    ----------------------------------

           (c)   The following exhibits are filed as part of this report:

                 Statement to Certificateholders  on August 20,  1996  filed as
                  Exhibit 99.1 hereto.

                 Statement to Certificateholders on September 20, 1996 filed as
                  Exhibit 99.2 hereto.

                                       2
Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                    NATIONSLINK FUNDING
                                                    CORPORATION COMMERCIAL 
                                                    MORTGAGE PASS-THROUGH
                                                    CERTIFICATES SERIES 1996-1

Date:    September 23, 1996                    By:  /s/ James E. Naumann
                                                    ---------------------
                                                    James E. Naumann
                                                    Senior Vice President & CFO

                                       3
INDEX TO EXHIBITS
- -----------------

      Exhibit
      Number                   Description of Exhibits                Page
      ------             --------------------------------------       ----

        99.1             Monthly Certificateholder Statement on        5
                         August 20, 1996.

        99.2             Monthly Certificateholder Statement on        8
                         September 20, 1996.

                                       4
Exhibit 99.1

              Monthly Certificateholder Statement on August 20, 1996

                                       5
RUN DATE:08/19/96   09:51:04                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  8/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   7/31/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report

 CLAS CUSIP        BEG. BALANCE     PRIN. DIST.      INT. DIST.      PREP PENAL    COLL DEFICIT      TOTAL DIST    END BALANCE
A-1  63859CAA1   70,438,543.09      272,093.80      442,177.95            0.00            0.00      714,271.75   70,166,449.29
 A-2  63859CAB9   96,791,890.00            0.00      606,159.21            0.00            0.00      606,159.21   96,791,890.00
 A-3  63859CAC7   51,622,341.00            0.00      336,835.78            0.00            0.00      336,835.78   51,622,341.00
 B    63859CAD5   16,131,981.00            0.00      103,379.11            0.00            0.00      103,379.11   16,131,981.00
 C    63859CAE3   19,358,378.00            0.00      124,054.94             N/A            0.00      124,054.94   19,358,378.00
 D    63589CAF0   17,745,179.00            0.00      113,717.02             N/A            0.00      113,717.02   17,745,179.00
 E    63859CAG8   14,518,783.00            0.00       93,041.20             N/A            0.00       93,041.20   14,518,783.00
 F    63859CAH6   10,485,788.00            0.00       64,225.45             N/A            0.00       64,225.45   10,485,788.00
 G    63859CAJ2    5,646,193.00            0.00       34,582.93             N/A            0.00       34,582.93    5,646,193.00
 H    63859CAK9    9,679,189.00            0.00       59,285.03             N/A            0.00       59,285.03    9,679,189.00
 IO   63859CAM5  322,065,249.62            0.00      141,228.35            0.00            0.00      141,228.35  321,793,183.03
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,107.61             N/A            0.00       54,107.61    9,679,194.58

   TOTAL:        322,097,459.67      272,093.80    2,172,794.58            0.00            0.00    2,444,888.38  321,825,365.87
1
     RUN DATE:08/19/96   09:51:04                NationsLink Funding Corporation                                 Page  2
     DIST. DATE:  8/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   7/31/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report

 CLAS CUSIP         ACCR INT       APPR RED AMT    UNPAID INT     PRIN FACTOR     INT FACTOR  E. BAL FACTOR  CURR RATE NEXT RATE

 A-1  63859CA     442,177.95               0.00            0.00    3.83334804     6.22955017   988.52829724    7.53300   7.53300
 A-2  63859CA     606,159.21               0.00            0.00    0.00000000     6.26249999 1,000.00000000    7.51500   7.51500
 A-3  63859CA     336,835.78               0.00            0.00    0.00000000     6.52500010 1,000.00000000    7.83000   7.83000
 B    63859CA     103,379.11               0.00            0.00    0.00000000     6.40833324 1,000.00000000    7.69000   7.69000
 C    63859CA     124,054.94               0.00            0.00    0.00000000     6.40833338 1,000.00000000    7.69000   7.69000
 D    63589CA     113,717.02               0.00            0.00    0.00000000     6.40833322 1,000.00000000    7.69000   7.69000
 E    63859CA      93,041.20               0.00            0.00    0.00000000     6.40833326 1,000.00000000    7.69000   7.69000
 F    63859CA      64,225.45               0.00            0.00    0.00000000     6.12499986 1,000.00000000    7.35000   7.35000
 G    63859CA      34,582.93               0.00            0.00    0.00000000     6.12499962 1,000.00000000    7.35000   7.35000
 H    63859CA      59,285.03               0.00            0.00    0.00000000     6.12499973 1,000.00000000    7.35000   7.35000
 UR   63859CA      54,848.77               0.00            0.00    0.00000000     5.59009425 1,000.00000000    6.80000   6.80000
 R                      0.00               0.00            0.00    0.00000000     0.00000000     0.00000000    0.00000   0.00000
 IO   63859CA     141,228.35               0.00            0.00    0.00000000     0.43777161   997.47622427    0.52621   0.52620

  TOTAL:       2,173,535.74               0.00            0.00
1
RUN DATE:08/19/96   09:51:05            NationsLink Funding Corporation      
DIST. DATE:  8/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  7/31/96                         Series 1996-1
                                     Monthly Certificate Holders Report

P & I Advances                                                     34,157.89

Servicing Compensation                                             79,912.36

Beginning Balance(Mortgage Loans)                             322,097,459.37

Ending Balance(Mortgage Loans)                                321,825,365.57

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          321,825,365.57

Weighted Average Remaining Term to Maturity                           101.56

Weighted Average Mortgage Rate                                       8.38299%

# of Loans Delinquent(1 month)                                             0

Balance of Loans Delinquent(1 month)                                    0.00

# of Loans Delinquent(2 month)                                             0

Balance of Loans Delinquent(2 month)                                    0.00

# of Loans Delinquent(3 month)                                             0

Balance of Loans Delinquent(3 month)                                    0.00

# of Loans Delinquent(In Foreclosure)                                      0

Balance of Loans Delinquent(In Foreclosure)                             0.00

Appraisal Value of REO Property                                         0.00

Appraisal Distribution Amount                                   2,445,976.79

Scheduled Principal Distribution Amount                           272,093.80

Unscheduled Principal Distribution Amount                               0.00

                                      7
Exhibit 99.2

              Monthly Certificateholder Statement on Septmeber 20, 1996

                                       8
RUN DATE:09/16/96   15:30:20                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  9/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   8/30/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report

 CLAS CUSIP        BEG. BALANCE     PRIN. DIST.      INT. DIST.      PREP PENAL    COLL DEFICIT      TOTAL DIST    END BALANCE
A-1  63859CAA1   70,166,449.29      273,992.14      440,469.89            0.00            0.00      714,462.03   69,892,457.15
 A-2  63859CAB9   96,791,890.00            0.00      606,159.21            0.00            0.00      606,159.21   96,791,890.00
 A-3  63859CAC7   51,622,341.00            0.00      336,835.78            0.00            0.00      336,835.78   51,622,341.00
 B    63859CAD5   16,131,981.00            0.00      103,379.11            0.00            0.00      103,379.11   16,131,981.00
 C    63859CAE3   19,358,378.00            0.00      124,054.94             N/A            0.00      124,054.94   19,358,378.00
 D    63589CAF0   17,745,179.00            0.00      113,717.02             N/A            0.00      113,717.02   17,745,179.00
 E    63859CAG8   14,518,783.00            0.00       93,041.20             N/A            0.00       93,041.20   14,518,783.00
 F    63859CAH6   10,485,788.00            0.00       64,225.45             N/A            0.00       64,225.45   10,485,788.00
 G    63859CAJ2    5,646,193.00            0.00       34,582.93             N/A            0.00       34,582.93    5,646,193.00
 H    63859CAK9    9,679,189.00            0.00       59,285.03             N/A            0.00       59,285.03    9,679,189.00
 IO   63859CAM5  321,793,183.03            0.00      141,102.33            0.00            0.00      141,102.33  321,519,218.29
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,629.53             N/A            0.00       54,629.53    9,679,194.58

   TOTAL:        321,825,365.87      273,992.14    2,171,482.42            0.00            0.00    2,445,474.56  321,551,373.73
1
     RUN DATE:09/16/96   15:30:20                NationsLink Funding Corporation                                 
     DIST. DATE:  9/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   8/30/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report

 CLAS CUSIP         ACCR INT       APPR RED AMT    UNPAID INT     PRIN FACTOR     INT FACTOR  E. BAL FACTOR  CURR RATE NEXT RATE

 A-1  63859CA     440,469.89               0.00            0.00    3.86009249     6.20548645   984.66820476    7.53300   7.53300
 A-2  63859CA     606,159.21               0.00            0.00    0.00000000     6.26249999 1,000.00000000    7.51500   7.51500
 A-3  63859CA     336,835.78               0.00            0.00    0.00000000     6.52500010 1,000.00000000    7.83000   7.83000
 B    63859CA     103,379.11               0.00            0.00    0.00000000     6.40833324 1,000.00000000    7.69000   7.69000
 C    63859CA     124,054.94               0.00            0.00    0.00000000     6.40833338 1,000.00000000    7.69000   7.69000
 D    63589CA     113,717.02               0.00            0.00    0.00000000     6.40833322 1,000.00000000    7.69000   7.69000
 E    63859CA      93,041.20               0.00            0.00    0.00000000     6.40833326 1,000.00000000    7.69000   7.69000
 F    63859CA      64,225.45               0.00            0.00    0.00000000     6.12499986 1,000.00000000    7.35000   7.35000
 G    63859CA      34,582.93               0.00            0.00    0.00000000     6.12499962 1,000.00000000    7.35000   7.35000
 H    63859CA      59,285.03               0.00            0.00    0.00000000     6.12499973 1,000.00000000    7.35000   7.35000
 UR   63859CA      54,848.77               0.00          741.16    0.00000000     5.64401610 1,000.00000000    6.80000   6.80000
 R                      0.00               0.00            0.00    0.00000000     0.00000000     0.00000000    0.00000   0.00000
 IO   63859CA     141,102.33               0.00            0.00    0.00000000     0.43738099   996.62700393    0.52619   0.51269

   TOTAL:       2,171,701.66               0.00          741.16
1
RUN DATE:09/16/96   15:30:20           NationsLink Funding Corporation  
DIST. DATE:  9/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  8/30/96
                                                 Series 1996-1

                                      Monthly Certificate Holders Report

P & I Advances                                                          0.00

Servicing Compensation                                             79,848.45

Beginning Balance(Mortgage Loans)                             321,825,365.57

Ending Balance(Mortgage Loans)                                321,551,373.43

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          321,551,373.43

Weighted Average Remaining Term to Maturity                           100.56

Weighted Average Mortgage Rate                                       8.38301%

# of Loans Delinquent(1 month)                                             0

Balance of Loans Delinquent(1 month)                                    0.00

# of Loans Delinquent(2 month)                                             0

Balance of Loans Delinquent(2 month)                                    0.00

# of Loans Delinquent(3 month)                                             0

Balance of Loans Delinquent(3 month)                                    0.00

# of Loans Delinquent(In Foreclosure)                                      0

Balance of Loans Delinquent(In Foreclosure)                             0.00

Appraisal Value of REO Property                                         0.00

Appraisal Distribution Amount                                   2,446,040.70

Scheduled Principal Distribution Amount                           273,992.14

Unscheduled Principal Distribution Amount                               0.00

                                       10