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 13
                                                   consecutively numbered pages.



<PAGE>




                                                   

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

           On October 20, 1996, November 20, 1996 and December 20, 1996,
           distributions were made to the Certificateholders.  Specific 
           information with respect to the distributions is filed as 
           Exhibits 99.1, and 99.2, and 99.3.  

           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 October 20, 1996 filed as
                  Exhibit 99.1 hereto.

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

                 Statement to Certificateholders on December 20, 1996 filed as
                  Exhibit 99.3 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:    January 24, 1997                      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
                         October 20, 1996.

        99.2             Monthly Certificateholder Statement on        8
                         November 20, 1996.

        99.3             Monthly Certificateholder Statement on        11
                         December 20, 1996


                                       4
<PAGE>







                                  Exhibit 99.1

              Monthly Certificateholder Statement on October 20, 1996

                                       5

<PAGE>

<TABLE>
     RUN DATE:10/17/96   14:04:19                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  10/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   9/30/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report
 
<S>   <C>         <C>             <C>              <C>             <C>           <C>             <C>           <C>                
CLAS  CUSIP       BEG. BALANCE    PRIN. DIST.      INT. DIST.      PREP PENAL    COLL DEFICIT    TOTAL DIST    END BALANCE

 A-1  63859CAA1   69,892,457.15      279,581.65      438,749.90            0.00            0.00      718,331.55   69,612,875.50
 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  321,519,218.29            0.00      137,362.42            0.00            0.00      137,362.42  321,239,664.60
 R                         0.00            0.00           13.78             N/A            0.00           13.78            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,825.19             N/A            0.00       54,825.19    9,679,194.58


   TOTAL:        321,551,373.73      279,581.65    2,166,231.96            0.00            0.00    2,445,813.61  321,271,792.08


     RUN DATE:10/17/96   14:04:19                NationsLink Funding Corporation                                 Page  2
     DIST. DATE:  10/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   9/30/96
                                                           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     438,749.90               0.00            0.00    3.93883936     6.18125466   980.72936539    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          219.24    0.00000000     5.66423059 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     137,362.42               0.00            0.00    0.00000000     0.42578822   995.76045928    0.51268   0.52614


   TOTAL:       2,166,241.76               0.00          219.24

                                          6

</TABLE>
<PAGE>
RUN DATE:10/17/96   14:04:21            NationsLink Funding Corporation      
DIST. DATE:  10/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  9/30/96                         Series 1996-1
                                     Monthly Certificate Holders Report




P & I Advances                                                    348,700.21

Servicing Compensation                                             72,265.12

Beginning Balance(Mortgage Loans)                             321,551,373.43

Ending Balance(Mortgage Loans)                                321,271,791.78

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          321,271,791.78

Weighted Average Remaining Term to Maturity                            99.56

Weighted Average Mortgage Rate                                       8.38302%

# 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

Available Distribution Amount                                   2,446,105.11

Scheduled Principal Distribution Amount                           279,581.65

Unscheduled Principal Distribution Amount                               0.00

                                      7

<PAGE>





                                  Exhibit 99.2

              Monthly Certificateholder Statement on November 20, 1996

                                       8

<PAGE>
<TABLE>
     RUN DATE:11/19/96   14:14:36                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  11/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   10/31/96
                                                           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   69,612,875.50      277,857.40      436,994.83            0.00            0.00      714,852.23   69,335,018.10
 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  321,239,664.60            0.00      140,861.62            0.00            0.00      140,861.62  320,961,834.99
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,839.09             N/A            0.00       54,839.09    9,679,194.58


   TOTAL:        321,271,792.08      277,857.40    2,167,976.21            0.00            0.00    2,445,833.61  320,993,934.68
1
     RUN DATE:11/19/96   14:14:36                NationsLink Funding Corporation                                 
     DIST. DATE:  10/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   10/31/96
                                                           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     436,994.83               0.00            0.00    3.91454755     6.15652865   976.81481784    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            9.68    0.00000000     5.66566666 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     140,861.62               0.00            0.00    0.00000000     0.43663485   994.89925883    0.52614   0.51263


   TOTAL:       2,167,985.89               0.00            9.68


                                        9

</TABLE>
<PAGE>

RUN DATE:11/19/96   14:14:39           NationsLink Funding Corporation  
DIST. DATE:  11/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  10/31/96
                                                 Series 1996-1

                                      Monthly Certificate Holders Report


P & I Advances                                                    141,276.13

Servicing Compensation                                             79,718.65

Beginning Balance(Mortgage Loans)                             321,271,791.78

Ending Balance(Mortgage Loans)                                320,993,934.38

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          320,993,934.38

Weighted Average Remaining Term to Maturity                            98.56

Weighted Average Mortgage Rate                                       8.38304%

# 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

Available Distribution Amount                                   2,445,833.61

Scheduled Principal Distribution Amount                           277,857.40

Unscheduled Principal Distribution Amount                               0.00

                                         10

<PAGE>


                                  Exhibit 99.3

              Monthly Certificateholder Statement on December 20, 1996

                                         11

<PAGE>  
<TABLE>
     RUN DATE:12/18/96   15:31:59                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  12/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   11/29/96
                                                           Series 1996-1

                                                Monthly Certificate Holders Report
 
<S>   <C>         <C>                <C>             <C>             <C>           <C>             <C>           <C>                
CLAS  CUSIP       BEG. BALANCE       PRIN. DIST.     INT. DIST.      PREP PENAL    COLL DEFICIT    TOTAL DIST    END BALANCE

 A-1  63859CAA1   69,335,018.10      283,467.29      435,250.58            0.00            0.00      718,717.87   69,051,550.81
 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  320,961,834.99            0.00      137,112.22            0.00            0.00      137,112.22  320,678,396.04
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       53,355.08             N/A            0.00       53,355.08    9,679,194.58


   TOTAL:        320,993,934.68      283,467.29    2,160,998.55            0.00            0.00    2,444,465.84  320,710,467.39
1


     RUN DATE:12/18/96   15:31:59                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  12/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   11/29/96
                                                           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     435,250.58               0.00            0.00    3.99358155     6.13195507   972.82123629    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        1,503.37    0.00000000     5.51234708 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     137,112.22               0.00            0.00    0.00000000     0.42501267   994.02067090    0.51263   0.52607


   TOTAL:       2,162,492.24               0.00        1,503.37
1
                                      12

</TABLE>
<PAGE>

RUN DATE:12/18/96   15:31:59           NationsLink Funding Corporation  
DIST. DATE:  12/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  11/29/96
                                                 Series 1996-1

                                      Monthly Certificate Holders Report


P & I Advances                                                    196,208.29

Servicing Compensation                                             79,653.32

Beginning Balance(Mortgage Loans)                             320,993,934.38

Ending Balance(Mortgage Loans)                                320,710,467.09

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          320,710,467.09

Weighted Average Remaining Term to Maturity                            97.56

Weighted Average Mortgage Rate                                       8.38306%

# of Loans Delinquent(1 month)                                             1

Balance of Loans Delinquent(1 month)                            2,474,548.27

# 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

Available Distribution Amount                                   2,444,465.84

Scheduled Principal Distribution Amount                           283,467.29

Unscheduled Principal Distribution Amount                               0.00


                                       13
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{"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": "97510188"}, "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 13
                                                   consecutively numbered pages.
Item 5.    Other Events.
-------    -------------

           On October 20, 1996, November 20, 1996 and December 20, 1996,
           distributions were made to the Certificateholders.  Specific 
           information with respect to the distributions is filed as 
           Exhibits 99.1, and 99.2, and 99.3.  

           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 October 20, 1996 filed as
                  Exhibit 99.1 hereto.

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

                 Statement to Certificateholders on December 20, 1996 filed as
                  Exhibit 99.3 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:    January 24, 1997                      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
                         October 20, 1996.

        99.2             Monthly Certificateholder Statement on        8
                         November 20, 1996.

        99.3             Monthly Certificateholder Statement on        11
                         December 20, 1996

                                       4
Exhibit 99.1

              Monthly Certificateholder Statement on October 20, 1996

                                       5
RUN DATE:10/17/96   14:04:19                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  10/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   9/30/96
                                                           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   69,892,457.15      279,581.65      438,749.90            0.00            0.00      718,331.55   69,612,875.50
 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  321,519,218.29            0.00      137,362.42            0.00            0.00      137,362.42  321,239,664.60
 R                         0.00            0.00           13.78             N/A            0.00           13.78            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,825.19             N/A            0.00       54,825.19    9,679,194.58

   TOTAL:        321,551,373.73      279,581.65    2,166,231.96            0.00            0.00    2,445,813.61  321,271,792.08

     RUN DATE:10/17/96   14:04:19                NationsLink Funding Corporation                                 Page  2
     DIST. DATE:  10/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   9/30/96
                                                           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     438,749.90               0.00            0.00    3.93883936     6.18125466   980.72936539    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          219.24    0.00000000     5.66423059 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     137,362.42               0.00            0.00    0.00000000     0.42578822   995.76045928    0.51268   0.52614

   TOTAL:       2,166,241.76               0.00          219.24

                                          6
RUN DATE:10/17/96   14:04:21            NationsLink Funding Corporation      
DIST. DATE:  10/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  9/30/96                         Series 1996-1
                                     Monthly Certificate Holders Report

P & I Advances                                                    348,700.21

Servicing Compensation                                             72,265.12

Beginning Balance(Mortgage Loans)                             321,551,373.43

Ending Balance(Mortgage Loans)                                321,271,791.78

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          321,271,791.78

Weighted Average Remaining Term to Maturity                            99.56

Weighted Average Mortgage Rate                                       8.38302%

# 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

Available Distribution Amount                                   2,446,105.11

Scheduled Principal Distribution Amount                           279,581.65

Unscheduled Principal Distribution Amount                               0.00

                                      7
Exhibit 99.2

              Monthly Certificateholder Statement on November 20, 1996

                                       8
RUN DATE:11/19/96   14:14:36                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  11/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   10/31/96
                                                           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   69,612,875.50      277,857.40      436,994.83            0.00            0.00      714,852.23   69,335,018.10
 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  321,239,664.60            0.00      140,861.62            0.00            0.00      140,861.62  320,961,834.99
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       54,839.09             N/A            0.00       54,839.09    9,679,194.58

   TOTAL:        321,271,792.08      277,857.40    2,167,976.21            0.00            0.00    2,445,833.61  320,993,934.68
1
     RUN DATE:11/19/96   14:14:36                NationsLink Funding Corporation                                 
     DIST. DATE:  10/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   10/31/96
                                                           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     436,994.83               0.00            0.00    3.91454755     6.15652865   976.81481784    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            9.68    0.00000000     5.66566666 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     140,861.62               0.00            0.00    0.00000000     0.43663485   994.89925883    0.52614   0.51263

   TOTAL:       2,167,985.89               0.00            9.68

                                        9
RUN DATE:11/19/96   14:14:39           NationsLink Funding Corporation  
DIST. DATE:  11/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  10/31/96
                                                 Series 1996-1

                                      Monthly Certificate Holders Report

P & I Advances                                                    141,276.13

Servicing Compensation                                             79,718.65

Beginning Balance(Mortgage Loans)                             321,271,791.78

Ending Balance(Mortgage Loans)                                320,993,934.38

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          320,993,934.38

Weighted Average Remaining Term to Maturity                            98.56

Weighted Average Mortgage Rate                                       8.38304%

# 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

Available Distribution Amount                                   2,445,833.61

Scheduled Principal Distribution Amount                           277,857.40

Unscheduled Principal Distribution Amount                               0.00

                                         10
Exhibit 99.3

              Monthly Certificateholder Statement on December 20, 1996

                                         11
RUN DATE:12/18/96   15:31:59                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  12/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   11/29/96
                                                           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   69,335,018.10      283,467.29      435,250.58            0.00            0.00      718,717.87   69,051,550.81
 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  320,961,834.99            0.00      137,112.22            0.00            0.00      137,112.22  320,678,396.04
 R                         0.00            0.00            0.00             N/A            0.00            0.00            0.00
 UR   63859CAL7    9,679,194.58            0.00       53,355.08             N/A            0.00       53,355.08    9,679,194.58

   TOTAL:        320,993,934.68      283,467.29    2,160,998.55            0.00            0.00    2,444,465.84  320,710,467.39
1

     RUN DATE:12/18/96   15:31:59                NationsLink Funding Corporation                                 Page  1
     DIST. DATE:  12/20/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   11/29/96
                                                           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     435,250.58               0.00            0.00    3.99358155     6.13195507   972.82123629    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        1,503.37    0.00000000     5.51234708 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     137,112.22               0.00            0.00    0.00000000     0.42501267   994.02067090    0.51263   0.52607

   TOTAL:       2,162,492.24               0.00        1,503.37
1
                                      12
RUN DATE:12/18/96   15:31:59           NationsLink Funding Corporation  
DIST. DATE:  12/20/96             Commercial Mortgage Pass-Through Certificates
REC.  DATE:  11/29/96
                                                 Series 1996-1

                                      Monthly Certificate Holders Report

P & I Advances                                                    196,208.29

Servicing Compensation                                             79,653.32

Beginning Balance(Mortgage Loans)                             320,993,934.38

Ending Balance(Mortgage Loans)                                320,710,467.09

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        94

Aggregate Mortgage Principal Balance                          320,710,467.09

Weighted Average Remaining Term to Maturity                            97.56

Weighted Average Mortgage Rate                                       8.38306%

# of Loans Delinquent(1 month)                                             1

Balance of Loans Delinquent(1 month)                            2,474,548.27

# 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

Available Distribution Amount                                   2,444,465.84

Scheduled Principal Distribution Amount                           283,467.29

Unscheduled Principal Distribution Amount                               0.00

                                       13