<PAGE> PAGE 1
000 A000000 03/31/99
000 C000000 0001026134
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 AARP MANAGED INVESTMENT PORTFOLIOS TRUST
001 B000000 811-07933
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 AARP DIVERSIFIED INCOME WITH GROWTH PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 AARP DIVERSIFIED GROWTH PORTFOLIO
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SCUDDER KEMPER INVESTMENTS, INC.
008 B00AA01 A
008 C00AA01 801-22973
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
010 A00AA01 SCUDDER FUND ACCOUNTING CORPORATION
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
010 C04AA01 4103
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
011 B00AA01 8-298
011 C01AA01 BOSTON
<PAGE> PAGE 2
011 C02AA01 MA
011 C03AA01 02110
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02107
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
014 B00AA01 8-298
014 A00AA02 KEMPER DISTRIBUTORS, INC.
014 B00AA02 8-47765
014 A00AA03 GRUNTAL SECURITIES, INC.
014 B00AA03 8-31022
014 A00AA04 THE GMS GROUP, INC.
014 B00AA04 8-23936
014 A00AA05 ZURICH CAPITAL MARKETS
014 B00AA05 8-49827
014 A00AA06 BANK HANDLOWY
014 B00AA06 8-24613
015 A00AA01 STATE STREET BANK ALL TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 16
019 C00AA00 SCUDDDAARP
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
<PAGE> PAGE 3
025 D00AA07 0
025 D00AA08 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
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062 O00AA00 0.0
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<PAGE> PAGE 4
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
028 A010100 5291
028 A020100 1
028 A030100 0
028 A040100 4043
028 B010100 3436
028 B020100 0
028 B030100 0
028 B040100 1690
028 C010100 3532
028 C020100 2429
028 C030100 0
028 C040100 2001
028 D010100 4944
028 D020100 1
028 D030100 0
028 D040100 3903
028 E010100 3981
028 E020100 4
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028 E040100 2384
028 F010100 3575
028 F020100 1065
028 F030100 0
028 F040100 3570
028 G010100 24759
028 G020100 3498
028 G030100 0
028 G040100 17591
028 H000100 0
070 A010100 Y
070 A020100 N
<PAGE> PAGE 5
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 21099
071 B000100 5725
071 C000100 91661
071 D000100 12
072 A000100 6
072 B000100 0
072 C000100 2614
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<PAGE> PAGE 6
072 N000100 0
072 O000100 0
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072 R000100 0
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072 Z000100 2614
072AA000100 1809
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072DD010100 2552
072DD020100 0
072EE000100 1567
073 A010100 0.3900
073 A020100 0.0000
073 B000100 0.2500
073 C000100 0.0000
074 A000100 0
074 B000100 0
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074 D000100 0
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074 H000100 0
074 I000100 108808
074 J000100 25
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<PAGE> PAGE 7
074 W000100 0.0000
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028 A010200 4817
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028 B040200 2603
028 C010200 2665
028 C020200 5925
028 C030200 0
028 C040200 4684
028 D010200 4941
028 D020200 8
028 D030200 0
028 D040200 5188
028 E010200 5105
028 E020200 0
028 E030200 0
028 E040200 4719
028 F010200 4543
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028 F040200 5396
028 G010200 27219
028 G020200 5933
028 G030200 0
028 G040200 28253
028 H000200 0
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
<PAGE> PAGE 8
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 17072
071 B000200 9255
071 C000200 135935
071 D000200 14
072 A000200 6
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<PAGE> PAGE 9
072BB000200 0
072CC010200 4675
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072DD010200 3779
072DD020200 0
072EE000200 2343
073 A010200 0.5000
073 A020200 0.0000
073 B000200 0.3100
073 C000200 0.0000
074 A000200 0
074 B000200 0
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074 I000200 140580
074 J000200 275
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076 000200 0.00
SIGNATURE CAROLINE PEARSON
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the AARP
Diversified Income With Growth Portfolio Annual Report for the fiscal year ended
3/31/99 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> AARP Diversified Income With Growth Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 109,295,892
<INVESTMENTS-AT-VALUE> 108,808,751
<RECEIVABLES> 510,631
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109,319,382
<PAYABLE-FOR-SECURITIES> 443,005
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 275,742
<TOTAL-LIABILITIES> 718,747
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 107,580,106
<SHARES-COMMON-STOCK> 6,773,667
<SHARES-COMMON-PRIOR> 6,114,823
<ACCUMULATED-NII-CURRENT> 87,185
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,420,485
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (487,141)
<NET-ASSETS> 108,600,635
<DIVIDEND-INCOME> 2,614,103
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 2,614,103
<REALIZED-GAINS-CURRENT> 1,809,245
<APPREC-INCREASE-CURRENT> (205,643)
<NET-CHANGE-FROM-OPS> 4,217,705
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,552,061)
<DISTRIBUTIONS-OF-GAINS> (1,566,830)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24,759,067
<NUMBER-OF-SHARES-REDEEMED> (17,590,576)
<SHARES-REINVESTED> 3,497,783
<NET-CHANGE-IN-ASSETS> 10,765,088
<ACCUMULATED-NII-PRIOR> 25,142
<ACCUMULATED-GAINS-PRIOR> 1,178,069
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 104,343,149
<PER-SHARE-NAV-BEGIN> 16.00
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 0.27
<PER-SHARE-DIVIDEND> (0.39)
<PER-SHARE-DISTRIBUTIONS> (0.25)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.03
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the AARP
Diversified Growth Portfolio Annual Report for the fiscal year ended 3/31/99 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> AARP Diversified Growth Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 140,310,521
<INVESTMENTS-AT-VALUE> 140,579,964
<RECEIVABLES> 606,908
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 141,186,872
<PAYABLE-FOR-SECURITIES> 539,093
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208,979
<TOTAL-LIABILITIES> 748,072
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 135,068,626
<SHARES-COMMON-STOCK> 7,849,303
<SHARES-COMMON-PRIOR> 7,580,420
<ACCUMULATED-NII-CURRENT> 1,052,714
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,048,017
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 269,443
<NET-ASSETS> 140,438,800
<DIVIDEND-INCOME> 2,275,450
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 2,275,450
<REALIZED-GAINS-CURRENT> 4,377,302
<APPREC-INCREASE-CURRENT> 4,675,022
<NET-CHANGE-FROM-OPS> 11,327,774
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,778,973)
<DISTRIBUTIONS-OF-GAINS> (2,343,052)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,218,914
<NUMBER-OF-SHARES-REDEEMED> (28,252,670)
<SHARES-REINVESTED> 5,933,480
<NET-CHANGE-IN-ASSETS> 10,105,472
<ACCUMULATED-NII-PRIOR> 2,556,239
<ACCUMULATED-GAINS-PRIOR> 2,013,766
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 138,058,384
<PER-SHARE-NAV-BEGIN> 17.19
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> (0.31)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.89
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
SHAREHOLDER MEETING RESULTS
A Special Meeting of Shareholders (the "Meeting") of the AARP funds was held on
December 15, 1998, at the office of Scudder Kemper Investments, Inc., Two
International Place, Boston, Massachusetts. At the Meeting the following matters
were voted upon by the shareholders (the resulting votes for each matter are
presented below).
1. To approve a new Investment Management Agreement for each fund with
Scudder Kemper Investments, Inc.
<TABLE>
AARP Managed Investment Portfolios Trust Number of Votes:
---------------------------------------- --------------------------------------------------------
Broker
For Against Abstain Non-Votes*
--- ------- ------- ----------
<S> <C> <C> <C> <C>
AARP Diversified Income With Growth Fund 3,707,571 47,717 136,843 0
AARP Diversified Growth Fund 4,334,449 61,592 126,573 0
2. (For shareholders of AARP U.S. Stock Index Fund only.) To approve a new
subadvisory agreement for the fund between Scudder Kemper Investments,
Inc. and Bankers Trust Company.
3. To approve the new Member Services Agreement between AARP Financial
Services Corporation and Scudder Kemper Investments, Inc.
AARP Managed Investment Portfolios Trust Number of Votes:
---------------------------------------- --------------------------------------------------------
Broker
For Against Abstain Non-Votes*
--- ------- ------- ----------
AARP Diversified Income With Growth Fund 3,711,013 40,223 140,895 0
AARP Diversified Growth Fund 4,335,430 59,696 127,448 0
4. To approve the revision of each fund's fundamental lending policy.
AARP Managed Investment Portfolios Trust Number of Votes:
---------------------------------------- --------------------------------------------------------
Broker
For Against Abstain Non-Votes*
--- ------- ------- ----------
AARP Diversified Income With Growth Fund 3,563,903 95,385 226,677 6,166
AARP Diversified Growth Fund 4,241,322 94,935 185,127 1,230
</TABLE>
- --------------------------------------------------------------------------------
* Broker non-votes are proxies received by the fund from brokers or nominees
when the broker or nominee neither has received instructions from the
beneficial owner or other persons entitled to vote nor has discretionary
power to vote on a particular matter.
