<PAGE> PAGE 1
000 A000000 03/31/95
000 C000000 713331
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 CASH INVESTMENT FUNDS
001 B000000 811-3650
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 1
008 A00AA01 SCUDDER, STEVENS & CLARK, INC.
008 B00AA01 A
008 C00AA01 801-22973
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10154
008 A00AA02 DELETE
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
011 B00AA01 8-298
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02110
022 A000001 STATE STREET BANK AND TRUST
022 B000001 04-1867445
022 C000001 86949
022 D000001 0
022 A000002 NATIONS BANK
022 C000002 79660
022 D000002 0
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 60635
022 D000003 0
022 A000004 FIRST CHICAGO CAPITAL
022 B000004 36-3595942
022 C000004 36598
022 D000004 0
022 A000005 MERRILL LYNCH PIERCE FENNER AND SMITH
<PAGE> PAGE 2
022 B000005 13-5674085
022 C000005 26437
022 D000005 0
022 A000006 FIRST CHICAGO-COMMERCIAL PAPER
022 C000006 25786
022 D000006 0
022 A000007 CITICORP COMMERCIAL PAPER
022 C000007 23903
022 D000007 0
022 A000008 NATIONS BANK OF COMMERCE
022 C000008 18012
022 D000008 0
022 A000009 CITICORP SECURITIES MARKETS
022 C000009 17732
022 D000009 0
022 A000010 NATIONSBANK SECURITIES
022 C000010 16999
022 D000010 0
023 C000000 1610774
023 D000000 0
024 00AA00 N
028 A01AA00 37437
028 A02AA00 1015
028 A03AA00 0
028 A04AA00 28267
028 B01AA00 53508
028 B02AA00 1117
028 B03AA00 0
028 B04AA00 32827
028 C01AA00 45887
028 C02AA00 1399
028 C03AA00 0
028 C04AA00 33124
028 D01AA00 41593
028 D02AA00 1454
028 D03AA00 0
028 D04AA00 38723
028 E01AA00 25272
028 E02AA00 1340
028 E03AA00 0
028 E04AA00 36819
028 F01AA00 31542
028 F02AA00 1443
028 F03AA00 0
028 F04AA00 30994
028 G01AA00 235239
028 G02AA00 7768
028 G03AA00 0
028 G04AA00 200754
028 H00AA00 0
029 00AA00 N
<PAGE> PAGE 3
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
045 00AA00 Y
046 00AA00 N
047 00AA00 N
048 00AA00 0.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
062 A00AA00 Y
062 B00AA00 2.7
062 C00AA00 39.1
062 D00AA00 3.1
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 31.8
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 23.3
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 21
063 B00AA00 0.0
064 A00AA00 N
064 B00AA00 N
<PAGE> PAGE 4
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 Y
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
071 A00AA00 0
071 B00AA00 0
071 C00AA00 0
071 D00AA00 0
072 A00AA00 6
072 B00AA00 10575
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 728
072 G00AA00 0
072 H00AA00 0
072 I00AA00 843
072 J00AA00 39
072 K00AA00 0
<PAGE> PAGE 5
072 L00AA00 110
072 M00AA00 9
072 N00AA00 58
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 13
072 S00AA00 6
072 T00AA00 0
072 U00AA00 0
072 V00AA00 0
072 W00AA00 6
072 X00AA00 1812
072 Y00AA00 0
072 Z00AA00 8763
072AA00AA00 0
072BB00AA00 7
072CC01AA00 134
072CC02AA00 0
072DD01AA00 8763
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0240
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 249
074 B00AA00 11829
074 C00AA00 359868
074 D00AA00 0
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 503
074 K00AA00 0
074 L00AA00 4504
074 M00AA00 4
074 N00AA00 376957
074 O00AA00 0
074 P00AA00 126
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 1014
074 S00AA00 0
074 T00AA00 375817
074 U01AA00 375946
074 U02AA00 0
<PAGE> PAGE 6
074 V01AA00 1.00
074 V02AA00 0.00
074 W00AA00 0.9997
074 X00AA00 48025
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 0
076 00AA00 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
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
077 Q010000 N
077 Q020000 N
077 Q030000 Y
078 000000 N
SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from the AARP HighQuality Money Fund
Semiannual Report for the fiscal period ended March 31,
1995 and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> AARP HIGH QUALITY MONEY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 371,819,014
<INVESTMENTS-AT-VALUE> 371,697,467
<RECEIVABLES> 5,006,669
<ASSETS-OTHER> 253,008
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 376,957,144
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,139,798
<TOTAL-LIABILITIES> 1,139,798
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 375,945,831
<SHARES-COMMON-STOCK> 375,945,831
<SHARES-COMMON-PRIOR> 333,693,761
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,938)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (121,547)
<NET-ASSETS> 375,817,346
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,575,207
<OTHER-INCOME> 0
<EXPENSES-NET> 1,811,869
<NET-INVESTMENT-INCOME> 8,763,338
<REALIZED-GAINS-CURRENT> (6,938)
<APPREC-INCREASE-CURRENT> 134,155
<NET-CHANGE-FROM-OPS> 8,890,555
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,763,338
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 235,238,872
<NUMBER-OF-SHARES-REDEEMED> 200,754,373
<SHARES-REINVESTED> 7,767,571
<NET-CHANGE-IN-ASSETS> 42,252,070
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 727,813
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,811,869
<AVERAGE-NET-ASSETS> 366,061,402
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .024
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .024
<PER-SHARE-DISTRIBUTIONS> .024
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
