<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the AARP
Diversified Income With Growth Portfolio Semiannual Report for the six months
ended 3/31/2000 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-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 82,420,709
<INVESTMENTS-AT-VALUE> 81,392,961
<RECEIVABLES> 11,122
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 81,404,083
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,256,171
<SHARES-COMMON-STOCK> 5,118,442
<SHARES-COMMON-PRIOR> 6,299,112
<ACCUMULATED-NII-CURRENT> 36,122
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,139,538
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,027,748)
<NET-ASSETS> 81,404,083
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 2,200,727
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 2,200,727
<REALIZED-GAINS-CURRENT> 1,428,350
<APPREC-INCREASE-CURRENT> 1,806,679
<NET-CHANGE-FROM-OPS> 5,435,756
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,262,829)
<DISTRIBUTIONS-OF-GAINS> (1,645,371)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,863,142
<NUMBER-OF-SHARES-REDEEMED> (25,834,593)
<SHARES-REINVESTED> 3,305,961
<NET-CHANGE-IN-ASSETS> (18,665,490)
<ACCUMULATED-NII-PRIOR> 98,224
<ACCUMULATED-GAINS-PRIOR> 1,356,559
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 89,687,308
<PER-SHARE-NAV-BEGIN> 15.64
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 0.58
<PER-SHARE-DIVIDEND> (0.42)
<PER-SHARE-DISTRIBUTIONS> (0.29)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.90
<EXPENSE-RATIO> 0.00
</TABLE>
