Page 1 of 14 Pages
                SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  20549
                                 
                           SCHEDULE 13G
                                 
             Under the Securities Exchange Act of 1934
                         (Amendment No. 2)
                                 
                               AVNET
                         (Name of Issuer)
                                 
                                 
                          Conv. Debenture
                  (Title of Class of Securities)
                                 
                                 
                             053807AB9
                          (CUSIP Number)
                                 
                                 
                                 
Check the following box if a fee is being paid      
with this statement.

(A  fee  is  not required only if the filing person:   (1)  has  a
previous
statement on file reporting beneficial ownership of more than five
percent of
the class of securities described in Item 1; and (2) has filed  no
amendment
subsequent thereto reporting beneficial ownership of five  percent
or less of
such class).  (See Rule 13d-7).

The  remainder  of  this cover page shall  be  filled  out  for  a
reporting person's
initial  filing on this form with respect to the subject class  of
securities,
and  for  any  subsequent amendment containing  information  which
would alter the
disclosures provided in the prior coverage page.

The information required in the remainder of this cover page shall
not be
deemed  to  be  "filed"  for the purpose  of  Section  18  of  the
Securities Exchange
Act  of  1934  ("Act") or otherwise subject to the liabilities  of
that section of
the  Act  but shall be subject to all other provisions of the  Act
(however, see
the Notes).
                                 
                                 
                                 
                                 
                                 
                                 
                 (Continued on following pages(s))
                                 
                                 
                                 

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank Corporation
    56-0906609
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    North Carolina Corporation
             5  SOLE VOTING POWER
                
                17,099,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     45,000
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     16,387,000
             8  SHARED DISPOSITIVE POWER
                
                90,000
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    17,204,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    16.3
12  TYPE OF REPORTING PERSON *
    
    HC
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    N.B. Holdings Corporation
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    North Carolina Corporation
             5  SOLE VOTING POWER
                
                17,099,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     45,000
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     16,387,000
             8  SHARED DISPOSITIVE POWER
                
                90,000
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    17,204,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    16.3
12  TYPE OF REPORTING PERSON *
    
    HC
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank of Georgia, N.A.
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
             5  SOLE VOTING POWER
                
                422,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     0
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     422,000
                
             8  SHARED DISPOSITIVE POWER
                
                0
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    422,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    0
12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank, N.A.
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
             5  SOLE VOTING POWER
                
                642,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     0
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     0
                
             8  SHARED DISPOSITIVE POWER
                
                40,000
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    642,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    .1
12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank Trust Company, N.A.
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
             5  SOLE VOTING POWER
                
                642,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     0
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     0
             8  SHARED DISPOSITIVE POWER
                
                40,000
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    642,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    .1
12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank of North Carolina, N.A.
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
             5  SOLE VOTING POWER
                
                396,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     25,000
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     331,000
                
             8  SHARED DISPOSITIVE POWER
                
                25,000
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    481,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    0
12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank of Virginia, N.A.
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
             5  SOLE VOTING POWER
                
                125,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     10,000
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     110,000
                
             8  SHARED DISPOSITIVE POWER
                
                25,000
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    135,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    .1
12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank Texas Bancorporation, Inc.
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    Delaware Corporation
             5  SOLE VOTING POWER
                
                15,514,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     10,000
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     15,524,000
             8  SHARED DISPOSITIVE POWER
                
                0
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    15,524,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    14.7
12  TYPE OF REPORTING PERSON *
    
    HC
               *SEE INSTRUCTION BEFORE FILLING OUT!

CUSIP NO.   053807AB9              13G
                                     
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    
    NationsBank of Texas, N.A.
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                       (a)     
    
                                                       (b)  X  
    
3   SEC USE ONLY
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
    
    U.S. National Banking Association
             5  SOLE VOTING POWER
                
                15,514,000
 NUMBER OF   6  SHARED VOTING POWER
  SHARES        
BENEFICIALL     10,000
 YOWNED BY
   EACH      7  SOLE DISPOSITIVE POWER
 REPORTING      
PERSON WITH     15,524,000
                
             8  SHARED DISPOSITIVE POWER
                
                0
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    15,524,000
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
    
    
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    
    14.7
12  TYPE OF REPORTING PERSON *
    
    BK
               *SEE INSTRUCTION BEFORE FILLING OUT!
                           SCHEDULE 13G
                                 
                                 
Item 1(a) Name of Issuer:

     Avnet Inc.

Item 1(b) Address of Issuer's Principal Executive Offices:

     80 Cutter Mill Rd. - 5th FI
     Great Neck, N.Y. 11021
     

Item 2(a) Name of Person(s) Filing:

     (a)  NationsBank Corporation
     (b)  N.B. Holdings Corporation
     (c)  NationsBank of Georgia, N.A.
     (d)  NationsBank, N.A.
     (e)  NationsBank Trust Company, N.A.
     (f)  NationsBank of North Carolina, N.A.
     (g)  NationsBank of Virginia, N.A.
     (h)  NationsBank Texas Bancorporation, Inc.
     (i)  NationsBank of Texas, N.A.

Item 2(b) Address of Principal Business Office or, if none,
Residence:

     (a)  NationsBank Plaza, Charlotte, North Carolina  28255
     (b)  NationsBank Plaza, Charlotte, North Carolina  28255
     (c)  600 Peachtree Street, NE, 55th Floor, Atlanta, GA  30308
     (d)  6610 Rockledge Drive, Bethesda, Maryland  20817
     (e)  1501 Pennsylvania Avenue, NW, Washington, DC  20013
     (f)  NationsBank Plaza, Charlotte, NC  28255
     (g)  12th and Main Streets, Richmond, VA  23219
     (h)  NationsBank Plaza, Charlotte, NC  28255
     (i)  901 Main Street, Dallas, TX  75202

Item 2(c) Citizenship:

     (a)  North Carolina Corporation
     (b)  North Carolina Corporation
     (c)  U.S. National Banking Association
     (d)  U.S. National Banking Association
     (e)  U.S. National Banking Association
     (f)  U.S. National Banking Association
     (g)  U.S. National Banking Association
     (h)  Delaware Corporation
     (i)  U.S. National Banking Association

Item 2(d) Title of Class of Securities:

     Conv. Debenture

Item 2(e) CUSIP Number:

     053807AB9

Item 3    If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b),
          check whether the person filing is a:
          
     (a)     Broker or Dealer registered under Section 15
             of the Act

     (b)  X  Bank as defined in Section 3(a)(6) of the Act

     (c)     Insurance Company as defined in Section
             3(a)(19) of the Act

     (d)     Investment Company registered under Section 8
             of the Investment
             Company Act

     (e)     Investment Advisor registered under Section
             203 of the
             Investment Advisors Act of 1940

     (f)     Employee Benefit Plan, Pension Fund which is
             subject to the
             provisions of the Employee Retirement Income
             Security Act of
             1974 or Endowment Fund; see Sub-section
             240.13d-1(b)(1)(ii)(F)

     (g)  X  Parent Holding Company in accordance with Sub-
             section
             240.13d-1(b)(ii)(G) (Note:  See Item 7)

     (h)  X  Group, in accordance with Sub-section 240.13d-
             1(b)(1)(ii)(H)

     The following entities are holding companies:
          NationsBank Corporation
          N.B. Holdings Corporation
          NationsBank, N.A.
          NationsBank Texas Bancorporation, Inc.
     The following entities are banks:
          NationsBank of Georgia, N.A.
          NationsBank, N.A.
          NationsBank Trust Company, N.A.
          NationsBank of North Carolina, N.A.
          NationsBank of Texas, N.A.
          NationsBank of Virginia, N.A.
     The following entities are registered investment advisors:

Item 4    Ownership:

     With respect to the beneficial ownership of the reporting
entity as of
     12/31/94, see Items 5 through 11, inclusive, of the
     respective cover
     pages of this Schedule 13G applicable to such entity which
     are incorporated
     herein by reference.

Item 5    Ownership of Five Percent or Less of a Class:

     Not Applicable

Item 6    Ownership of More Than Five Percent on Behalf of Another
Person:

     The reported shares are held in various fiduciary accounts,
     and accordingly,
     dividends and the proceeds of such shares are payable to
     other persons,
     including such accounts, the beneficiaries or settlors
     thereof or a combination
     of such persons.  In certain instances, other persons
     (including beneficiaries
     and settlors) may be deemed to have the power to direct
     receipt of dividends or
     the proceeds of the sale of shares reported herein.  To the
     best of the
     undersigned's knowledge and belief, no one other person has
     such an
     economic interest relating to more than 5% of the class of
     reported shares.

Item 7    Identification and Classification of the Subsidiary
Which Acquired
          the Security Being Reported on By the Parent Holding
          Company:
          
     Pursuant to Rule 13d-1(b)(1)(ii)(G) of the Securities
     Exchange Act of 1934,
     NationsBank Corporation is filing this Schedule 13G as a
     parent holding
     company of the following:
     a.   N.B. Holdings Corporation, which is a holding company of
     its subsidiaries,
               NationsBank of Georgia, N.A.
               NationsBank, N.A.
               NationsBank of North Carolina, N.A.
               NationsBank of Virginia, N.A.
          classifiable under Item 3(b) as Banks as defined in
          Section 3(a)(6) of the
          Securities Exchange Act of 1934.
     b.   N.B. Holdings Corporation, which is a holding company of
     its subsidiary,
          NationsBank Texas Bancorporation, Inc., which is a
          holding company
          of its subsidiary, NationsBank of Texas, N.A.,
          classifiable under Item 3(b) as
          a Bank as defined in Section 3(a)(6) of the Securities
          Exchange Act of 1934.
     c.   N.B. Holdings Corporation, which is a holding company of
     its subsidiary,
          NationsBank, N.A., which is a holding company of its
          subsidiary, NationsBank
          Trust Company, N.A., classifiable under Item 3(b) as a
          Bank as defined in
          Section 3(a)(6) of the Securities Exchange Act of 1934.

Item 8    Identification and Classification of Members of the
Group:

     Except for the relationships referred to in Item 7 hereof,
     the reporting
     entities do not affirm the existence of a group.  This Form
     is filed on behalf
     of each of the entities listed in Item 2(a) hereof.

Item 9    Notice of Dissolution of Group:

     Not Applicable

Item 10   Certification:

     By signing below, I certify that, to the best of my knowledge
     and belief, the
     securities referenced to above were acquired in the ordinary
     course of
     business and were not acquired for the purpose of and do not
     have the effect
     of changing or influencing the control of the issuer of such
     securities and
     were not acquired in connection with or as a participant in
     any transaction
     having such purpose or effect.
                              
                              
                              Signature
                              
                              
     After reasonable inquiry and to the best of my knowledge and
belief, I certify
that the information set forth in this statement is true, complete
and correct.

                              NATIONSBANK CORPORATION

                              N.B. HOLDINGS CORPORATION

                              NATIONSBANK OF GEORGIA, N.A.

                              NATIONSBANK, N.A.

                              NATIONSBANK TRUST COMPANY, N.A.

                              
                              NATIONSBANK OF NORTH CAROLINA, N.A.
                              NATIONSBANK OF VIRGINIA, N.A.

                              
                              NATIONSBANK TEXAS BANCORPORATION,
                              INC.
                              NATIONSBANK OF TEXAS, N.A.

                              
                              
                              
Date:    February 10,     By: 
             1995
                              Signature

                              Mary Jo Inglett/Compliance Officer

                              Name/Title

mji