<PAGE> PAGE 1
000 A000000 03/31/97
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
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
010 A00AA01 SCUDDER FUND ACCOUNTING CORP.
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 15
019 C00AA00 SCUDDDAARP
022 A000001 DIRECT
022 C000001 4627633
022 D000001 0
022 A000002 DONALDSON LUF & JEN FIXED, INC.
022 C000002 1323147
022 D000002 0
022 A000003 WILLIAMS CAPITAL
022 C000003 222915
<PAGE> PAGE 2
022 D000003 0
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004 103439
022 D000004 0
022 A000005 AMERICAN EXPRESS CREDIT
022 C000005 65654
022 D000005 0
022 A000006 GENERAL MOTORS ACCEPTANCE
022 C000006 59939
022 D000006 0
022 A000007 PRUDENTIAL FUNDING
022 C000007 54424
022 D000007 0
022 A000008 ASSOCIATES CORP. OF NORTH
022 C000008 46508
022 D000008 0
022 A000009 LEHMAN BROS.
022 B000009 13-2663822
022 C000009 44954
022 D000009 0
022 A000010 FORD MOTOR CREDIT CORP.
022 C000010 44775
022 D000010 0
023 C000000 6965156
023 D000000 14938
024 00AA00 N
028 A01AA00 36032
028 A02AA00 1435
028 A03AA00 0
028 A04AA00 28704
028 B01AA00 40222
028 B02AA00 1438
028 B03AA00 0
028 B04AA00 27294
028 C01AA00 46222
028 C02AA00 1542
028 C03AA00 0
028 C04AA00 33588
028 D01AA00 40053
028 D02AA00 1561
028 D03AA00 0
028 D04AA00 45836
028 E01AA00 38484
028 E02AA00 1412
028 E03AA00 0
028 E04AA00 35911
028 F01AA00 62044
028 F02AA00 1589
028 F03AA00 0
028 F04AA00 52636
<PAGE> PAGE 3
028 G01AA00 263057
028 G02AA00 8977
028 G03AA00 0
028 G04AA00 223969
028 H00AA00 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
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 Y
062 B00AA00 0.0
062 C00AA00 9.2
062 D00AA00 10.8
062 E00AA00 0.0
062 F00AA00 7.6
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 56.2
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 16.2
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 50
063 B00AA00 0.0
<PAGE> PAGE 4
064 A00AA00 N
064 B00AA00 N
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
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 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
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 11913
072 C00AA00 0
072 D00AA00 0
<PAGE> PAGE 5
072 E00AA00 0
072 F00AA00 853
072 G00AA00 0
072 H00AA00 0
072 I00AA00 839
072 J00AA00 45
072 K00AA00 0
072 L00AA00 113
072 M00AA00 13
072 N00AA00 58
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 13
072 S00AA00 2
072 T00AA00 0
072 U00AA00 0
072 V00AA00 0
072 W00AA00 15
072 X00AA00 1951
072 Y00AA00 0
072 Z00AA00 9962
072AA00AA00 0
072BB00AA00 3
072CC01AA00 0
072CC02AA00 83
072DD01AA00 9962
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0230
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 1
074 B00AA00 49764
074 C00AA00 404467
074 D00AA00 0
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
074 K00AA00 0
074 L00AA00 9483
074 M00AA00 12
074 N00AA00 463727
074 O00AA00 0
074 P00AA00 149
074 Q00AA00 0
074 R01AA00 0
<PAGE> PAGE 6
074 R02AA00 0
074 R03AA00 0
074 R04AA00 3472
074 S00AA00 0
074 T00AA00 460106
074 U01AA00 460327
074 U02AA00 0
074 V01AA00 1.00
074 V02AA00 1.00
074 W00AA00 0.9994
074 X00AA00 48630
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 438399
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
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
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 TAX FREE MONEY Annual Report for the fiscal year ended
3/31/97 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> AARP HIGH QUALITY TAX FREE MONEY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 104,586,930
<INVESTMENTS-AT-VALUE> 104,586,930
<RECEIVABLES> 1,313,755
<ASSETS-OTHER> 31,661
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 105,932,346
<PAYABLE-FOR-SECURITIES> 327,510
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 292,291
<TOTAL-LIABILITIES> 619,801
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 106,138,518
<SHARES-COMMON-STOCK> 105,318,031
<SHARES-COMMON-PRIOR> 111,270,214
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (825,973)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 105,312,545
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,870,013
<OTHER-INCOME> 0
<EXPENSES-NET> 470,019
<NET-INVESTMENT-INCOME> 1,399,994
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,399,994
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,399,994)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,470,067
<NUMBER-OF-SHARES-REDEEMED> (20,544,971)
<SHARES-REINVESTED> 1,122,721
<NET-CHANGE-IN-ASSETS> (5,952,183)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (825,973)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 209,565
<INTEREST-EXPENSE> 25
<GROSS-EXPENSE> 470,019
<AVERAGE-NET-ASSETS> 107,761,564
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>