10

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                 _______________
                                    FORM 10-K

                                 CURRENT REPORT

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

                   For the fiscal year ended December 31, 2002

                                    333-33441
                              (Commission File No.)


                      NATIONSCREDIT GRANTOR TRUST 1997 - 2
                      ------------------------------------
               (Exact name of registrant as specified in charter)

Delaware                                                              75-265544
--------                                                              ---------
(State  or  other  jurisdiction                                  (IRS  Employer
of  incorporation  or  organization)                       Identification  No.)

1355  Windward  Concourse,  Alpharetta  Georgia                           30005
-----------------------------------------------                           -----
(Address  of  principal  executive  offices)                        (Zip  Code)

Registrant's  telephone  number,  including area code            (678) 339-9597

       Securities registered pursuant to section 12(b) of the Act:  None.

           Securities registered pursuant to section 12(g) of the Act:

      6.35% Marine Receivable-Backed Certificates, 6.25% Recreational Vehicle
                                  Certificates

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for such shorter period that the registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements  for  the  past  90  days.
(x)     yes                         (  )  no

Indicate  by  check mark if disclosure of delinquent filers pursuant to Item 405
of  Regulation  S-K  (229.405 of this chapter) is not contained herein, and will
not  be contained, to the best of registrant's knowledge, in definitive proxy or
information  statements  incorporated by reference in Part III of this Form 10-K
or  any  amendment  to  this  Form  10-K.  (x)

Indicate  by  check  mark  whether  the  registrant  is an accelerated filer (as
defined  in  Rule  12b-2  of  the  Act).
Yes_  No  X
          -

State the aggregate market value of the voting and non-voting common equity held
by  non-affiliates computed by reference to the price at which the common equity
was  last  sold, or the average bid and asked price of such common equity, as of
the  last business day of the registrant's most recently completed second fiscal
quarter.  None.

Documents  incorporated  by  reference:  None.

<PAGE>
                                     PART I
Item  1.  Business.
          ---------

          Not  applicable.

Item  2.  Properties.
          -----------

          Not  applicable.

Item  3.  Legal  Proceedings.
          -------------------

          Not  applicable.

Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders.
          ------------------------------------------------------------

          Not  applicable.

                                     PART II

Item  5. Market for Registrant's Common Equity and Related Stockholder Matters.
         ----------------------------------------------------------------------

         The   Certificates   representing   investors'   interests   in   the
         NationsCredit Grantor  Trust  1997-2 are  represented  by one  or more
         Certificates registered  in  the  name  of  Cede &  Co.,  the  nominee
         of the Depository Trust Company. The number of direct DTC participants
         shown on DTC's  records  as  holding beneficial ownership interests in
         the  certificates  is  12  as  of  December  31,  2002.

         To the best knowledge  of  the  registrant,  there  is  no established
         public trading  market  for  the  Certificates.

Item  6.  Selected  Financial  Data.
          --------------------------

          Not  applicable.

Item 7.   Management's Discussion and Analysis of Financial Condition and
          ---------------------------------------------------------------------
          Results of  Operations.
          -----------------------

          Not  applicable.

Item  7A. Quantitative  and  Qualitative  Disclosure  About  Market  Risk.
          ----------------------------------------------------------------

          Not  applicable.

Item  8.  Financial  Statements  and  Supplementary  Data.
          ------------------------------------------------

          Not  applicable.

Item  9.  Changes  in  and  Disagreements  With  Accountants  on  Accounting and
          ----------------------------------------------------------------------
          Financial  Disclosure.
          ---------------

          Not  applicable.

<PAGE>
                                    PART III

Item  10. Directors  and  Executive  Officers  of  the  Registrant.
          --------------------------------------------------------

          Not  applicable.


Item  11. Executive  Compensation.
          ------------------------

          Not  applicable.


Item  12. Security  Ownership  of  Certain Beneficial Owners and Management and
          ---------------------------------------------------------------------
          Related  Stockholders Matters.
          ------------------------------

          The  Certificates   are  represented  by  one  or  more  Certificates
          Registered   in   the  name  of   Cede  & Co., the   nominee  of  the
          Depository  Trust   Company  ("DTC"), and   an  investor  holding  an
          interest in  the NationsCredit Grantor Trust 1997-2 is  not  entitled
          to  receive  a  certificate  representing  such  interest  except  in
          certain limited  circumstances.  Accordingly, Cede & Co. is  the sole
          holder of  record  of  the  Certificates, which it held  on behalf of
          brokers, dealers banks  and  other  direct  participants  in the  DTC
          system  at  December  31, 2002. Such  direct  participants  may  hold
          Certificates  for  their own accounts or for the  accounts  of  their
          customers.    At  December  31,  2002,   the   following  direct  DTC
          participants   held   positions  in  the   Certificates  representing
          interests in the  NationsCredit  Grantor  Trust  1997-2 equal  to  or
          exceeding  5%  of  the total principal  amount  of  the  Certificates
          outstanding  on  the  date:  None.


Item  13. Certain  Relationships  and  Related  Transactions.
          ---------------------------------------------------

          Not  applicable.
                                     PART IV

Item  14. Controls  and  Procedures.
          --------------------------

          Not  applicable.


Item  15. Exhibits,  Financial  Statement  Schedules,  and  Reports on Form 8K.
          ---------------------------------------------------------------------

          (a)
                  1.     Not  applicable.
                  2.     Not  applicable.
                  3.     Exhibits:
                         99.1  Annual  Statement  as  to  Compliance
                         99.2  Report  of  Independent  Accountants


<PAGE>
          (b)  Reports  on  Form  8-K

          NationsCredit Grantor Trust 1997-2 filed a Current Report on Form 8-K
          pursuant to  Items  5  and  7 for  the following monthly distribution
          dates during 2002, including the Servicer's  Certificate for each due
          period provided to Deutsche Bank  Trust  Company  Americas,  formerly
          Bankers  Trust  Company,  as Trustee.

                           Date of Reports on Form 8-K
                           ---------------------------
                                January 15, 2002
                                February 15, 2002
                                 March 15, 2002
                                 April 15, 2002
                                  May 15, 2002
                                  June 17, 2002
                                  July 15, 2002
                                 August 15, 2002
                               September 16, 2002
                                October 15, 2002
                                November 15, 2002
                                December 16, 2002

          (c)  See  item  15(a)(3)  above

          (d)  Not  applicable.





<PAGE>
                                   SIGNATURES

Pursuant  to  the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this report to be signed
on  its  behalf  by  the  undersigned,  thereunto  duly  authorized.

NATIONSCREDIT  GRANTOR  TRUST  1997-2  (Registrant)

                          By:  Banc  of  America  Specialty  Finance,  Inc.
                               formerly NationsCredit Commercial Corporation
                               of America, as Servicer of NationsCredit Grantor
                               Trust  1997-2

                          March  31,  2003

                          By  /s/  CHRISTOPHER  SPOENEMAN
                              ---------------------------
                              Christopher  Spoeneman
                              Senior  Vice  President


<PAGE>

NATIONSCREDIT  GRANTOR  TRUST  1997-2
Certification  Pursuant  to  Section  302  of  The  Sarbanes-Oxley  Act  of 2002
--------------------------------------------------------------------------------

I,  Christopher  Spoeneman,  a duly authorized representative of Banc of America
Specialty  Finance,  Inc.  certify  that:

1.    I  have reviewed this annual report on Form 10-K, and all reports on Form
      8-K  containing  distribution  or  servicing reports filed  in respect of
      periods  included  in  the  year  covered   by   this  annual  report  of
      NationsCredit Grantor Trust  1997-2;

2.    Based  on  my  knowledge,  the  information  in these reports, taken as a
      whole, does not contain any untrue  statement of  a material fact or omit
      to  state a  material  fact   necessary  to  make  the  statements  made,
      in  light of  the circumstances  under  which  such statements were made,
      not  misleading  as of  the last  day  of  the  period  covered  by  this
      annual  report;

3.    Based on my knowledge, the distribution or servicing information required
      to  be  provided to  the  trustee  by  the servicer under the pooling and
      servicing, or  similar,  agreement,  for  inclusion  in  these reports is
      included in these reports;

4.    I  am  responsible for reviewing the activities performed by the servicer
      under  the  pooling  and  servicing,  or  similar,  agreement  and  based
      upon my knowledge  and  the  annual compliance review required under that
      agreement, and except  as  disclosed in  the  reports,  the servicer  has
      fulfilled its obligations under  that  agreement;  and

5.    The  reports  disclose  all  significant  deficiencies  relating  to  the
      servicer's compliance with the minimum servicing standards based upon the
      report provided  by  an  independent public accountant,  after conducting
      a review in compliance  with  the Uniform  Single Attestation Program for
      Mortgage Bankers or similar  procedure,  as  set  forth  in  the  pooling
      and servicing, or similar, agreement,  that is included in these reports.

March  31,  2003

By  /s/  Christopher  Spoeneman
-------------------------------
          Christopher  Spoeneman
          Senior  Vice  President
          Banc  of  America  Specialty  Finance,  Inc.


<PAGE>
                                  EXHIBIT INDEX


Exhibit  Number                  Description  of  Exhibit
---------------                  ------------------------
      99.1                       Annual  Statement  as  to  Compliance
      99.2                       Report  of  Independent  Accountants






<PAGE>
                                                                   EXHIBIT 99.1
                                                                   ------------


                    BANC  OF  AMERICA  SPECIALTY FINANCE, INC.
                        ANNUAL STATEMENT AS TO COMPLIANCE

                       NationsCredit Grantor Trust 1997-2
                       ----------------------------------



The undersigned certifies that he is a Senior Vice President of Banc of America
Specialty Finance,  Inc.,  formerly  NationsCredit  Commerical  Corporation  of
America, a  North Carolina corporation (the "Servicer"), and that as such he is
duly authorized  to  execute  and  deliver  this  certificate  on behalf of the
Servicer pursuant to Section 13.10 of the Pooling and Servicing Agreement dated
as of September 30, 1997 among NationsCredit  Securitization Corporation,  Banc
of America Specialty Finance, Inc. formerly  known  as NationsCredit Commercial
Corporation  of  America  and  Deutsche Bank  Trust  Company Americas, formerly
Bankers  Trust  Company  (the  "Agreement") and  further certifies that ( i ) a
review of the activities of the Servicer during the  period  January 1, 2002 up
to and including December 31, 2002 and of its performance  under  the Agreement
has been made and (ii) based on such review, the Servicer has  fulfilled all of
its  obligations  under  the  Agreement  throughout  the  past  year up to  and
including December  31,  2002.

IN  WITNESS  WHEREOF,  I  have affixed hereto my signature this the 31st day of
March,  2003.

                                   Banc  of  America  Specialty  Finance,  Inc.



                                   By:/s/  Christopher  Spoeneman
                                      ---------------------------
                                           Christopher  Spoeneman
                                           Senior  Vice  President




<PAGE>

                                                                    EXHIBIT 99.2
                                                                    ------------

                        REPORT OF INDEPENDENT ACCOUNTANTS


To  the  Board  of  Directors  and  Shareholders
of  Bank  of  America  Corporation


We have  examined  management's  assertion  about  Banc  of  America  Specialty
Finance, Inc.'s  (the  "Company")  compliance with  the  servicing requirements
outlined in sections  12.3,  13.8,  14.1, 14.2,  14.3,  14.6  and  14.7  of the
Pooling and Servicing  Agreement  dated  September 30, 1997  (the  "Agreement")
for  the NationsCredit  Grantor  Trust 1997-2 securitization as of and for  the
year ended December 31, 2002 included in the accompanying management  assertion
(see  Exhibit I).  Management  is  responsible  for  the  Company's  compliance
with  those requirements.  Our  responsibility  is  to  express  an  opinion on
management's assertion  about  the  Company's  compliance  based  on  our
examination.

Our examination was made in accordance with  attestation  standards established
by the American Institute of  Certified  Public  Accountants  and, accordingly,
included  examining, on  a  test basis, evidence about the Company's compliance
with  those  requirements and performing such other procedures as we considered
necessary  in  the circumstances.  We  believe  that our examination provides a
reasonable  basis for  our  opinion.  Our  examination does not provide a legal
determination  on the  Company's  compliance  with  specified  requirements.

In  our  opinion, management's  assertion  that  the  Company complied with the
aforementioned requirements  as  of and for the year ended December 31, 2002 is
fairly  stated, in  all  material  respects.


/s/  PRICEWATERHOUSE  COOPERS  LLP
----------------------------------


March  13,  2003






<PAGE>

                                                                      EXHIBIT I
                                                                      ---------


                  MANAGEMENT'S ASSERTION CONCERNING COMPLIANCE
                       WITH CERTAIN SERVICING REQUIREMENTS


March  13,  2003


As  of and  for  the  year ended  December 31, 2002, Banc of America Specialty
Finance, Inc.  has  complied  in  all  material  respects  with  the servicing
requirements outlined in sections 12.3, 13.8, 14.1, 14.2, 14.3, 14.6 and  14.7
of the Pooling and Servicing Agreement for  the  NationsCredit  Grantor  Trust
1997-2 securitization dated as of September 30, 1997, between Banc of  America
Specialty Finance,  Inc.,  formerly  NationsCredit  Commercial  Corporation of
America, as Servicer, NationsCredit Securitization Corporation, as Seller, and
Deutsche Bank Trust  Company  Americas,  formerly  Bankers  Trust  Company, as
Trustee  and Collateral  Agent.




/s/  ERIC  P.  TELLJOHANN
-------------------------
     Eric  P.  Telljohann
     Senior  Vice  President


/s/  CHRISTOPHER  SPOENEMAN
---------------------------
     Christopher  Spoeneman
     Senior  Vice  President


/s/  JOYCE  V.  MCLEOD
----------------------
     Joyce  V.  McLeod
     Vice  President