<PAGE> PAGE 1
000 A000000 03/31/96
000 C000000 713331
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000 F000000 Y
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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
007 C010100 1
007 C020100 AARP HIGH QUALITY MONEY FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 9
019 C00AA00 SCUDDDAARP
022 A000001 DONALDSON LUFKIN & JENRETTE
022 C000001 910315
022 D000001 0
022 A000002 UBS SECURITIES
022 C000002 69604
022 D000002 0
022 A000003 GENERAL MOTORS ACCEPTANCE CORP.
022 C000003 57939
022 D000003 0
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 37772
<PAGE> PAGE 2
022 D000004 3945
022 A000005 J.P. MORGAN SECURITIES
022 C000005 31119
022 D000005 0
022 A000006 PRUDENTIAL FUNDING
022 C000006 29671
022 D000006 0
022 A000007 FORD MOTOR CREDIT CORP
022 C000007 26849
022 D000007 0
022 A000008 MORGAN STANDLEY AND CO.
022 C000008 25000
022 D000008 0
022 A000009 MERRILL LYNCH PIERCE FENNER AND SMITH
022 B000009 13-5674085
022 C000009 24555
022 D000009 247
022 A000010 ASSOCIATES CORP OF NORTH AMERICA
022 C000010 24777
022 D000010 0
023 C000000 4445364
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028 A01AA00 23974
028 A02AA00 1375
028 A03AA00 0
028 A04AA00 26100
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<PAGE> PAGE 3
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
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062 A00AA00 Y
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062 C00AA00 34.5
062 D00AA00 5.1
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062 H00AA00 0.0
062 I00AA00 43.5
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 16.2
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062 O00AA00 0.0
062 P00AA00 0.0
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063 A00AA00 52
063 B00AA00 0.0
064 A00AA00 N
064 B00AA00 N
070 A01AA00 Y
070 A02AA00 Y
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070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
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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 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
<PAGE> PAGE 4
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
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073 A01AA00 0.0230
073 A02AA00 0.0000
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<PAGE> PAGE 5
073 C00AA00 0.0000
074 A00AA00 386
074 B00AA00 19535
074 C00AA00 359202
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077 A000000 Y
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<PAGE> PAGE 6
SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the AARP
High Quality Money Fund Semiannual Report for the fiscal period ended March 31,
1996 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-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 379,067,940
<INVESTMENTS-AT-VALUE> 378,736,503
<RECEIVABLES> 3,977,186
<ASSETS-OTHER> 389,410
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 383,103,099
<PAYABLE-FOR-SECURITIES> 1,334,345
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 548,460
<TOTAL-LIABILITIES> 1,882,805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 381,616,058
<SHARES-COMMON-STOCK> 381,551,731
<SHARES-COMMON-PRIOR> 384,389,361
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (64,327)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (331,437)
<NET-ASSETS> 381,220,294
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,613,268
<OTHER-INCOME> 0
<EXPENSES-NET> 1,914,564
<NET-INVESTMENT-INCOME> 8,698,704
<REALIZED-GAINS-CURRENT> 2,594
<APPREC-INCREASE-CURRENT> 159,278
<NET-CHANGE-FROM-OPS> 8,860,576
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,698,704)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 169,270,293
<NUMBER-OF-SHARES-REDEEMED> (179,869,790)
<SHARES-REINVESTED> 7,761,867
<NET-CHANGE-IN-ASSETS> (2,837,630)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (66,921)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 751,538
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,914,564
<AVERAGE-NET-ASSETS> 387,451,731
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .023
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.023)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .988
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
