<PAGE> PAGE 1
000 A000000 03/31/99
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 2
007 C010100 1
007 C020100 AARP HIGH QUALITY MONEY FUND
007 C030100 N
007 C010200 2
007 C020200 AARP PREMIUM MONEY FUND
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
008 D04AA01 4103
010 A00AA01 SCUDDER FUND ACCOUNTING CORP.
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
<PAGE> PAGE 2
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
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
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
<PAGE> PAGE 3
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 Y
053 A00AA00 N
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
077 Q010000 Y
077 Q020000 N
077 Q030000 Y
078 000000 N
028 A010100 78588
028 A020100 2169
028 A030100 0
028 A040100 54399
028 B010100 40200
028 B020100 0
028 B030100 0
028 B040100 67515
028 C010100 65177
028 C020100 3988
028 C030100 0
028 C040100 72351
028 D010100 63042
028 D020100 0
028 D030100 0
028 D040100 74478
028 E010100 63881
028 E020100 1943
028 E030100 0
028 E040100 63520
<PAGE> PAGE 4
028 F010100 77695
028 F020100 3493
028 F030100 0
028 F040100 86261
028 G010100 388583
028 G020100 11593
028 G030100 0
028 G040100 418524
028 H000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 9.0
062 D000100 1.0
062 E000100 0.0
062 F000100 4.0
062 G000100 8.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 78.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 24
063 B000100 0.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
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 Y
070 J020100 Y
<PAGE> PAGE 5
070 K010100 Y
070 K020100 N
070 L010100 Y
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 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 14991
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 1098
072 G000100 0
072 H000100 0
072 I000100 1074
072 J000100 38
072 K000100 0
072 L000100 39
072 M000100 10
072 N000100 68
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 14
072 S000100 4
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 15
072 X000100 2360
072 Y000100 0
072 Z000100 12631
072AA000100 10
072BB000100 0
072CC010100 123
072CC020100 0
072DD010100 12645
<PAGE> PAGE 6
072DD020100 0
072EE000100 0
073 A010100 0.0220
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 624
074 B000100 3390
074 C000100 555871
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 4929
074 M000100 9
074 N000100 564823
074 O000100 0
074 P000100 183
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2130
074 S000100 0
074 T000100 562510
074 U010100 562511
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 47820
074 Y000100 0
075 A000100 578407
075 B000100 0
076 000100 0.00
028 A010200 3
028 A020200 0
028 A030200 0
028 A040200 2
028 B010200 6347
028 B020200 0
028 B030200 0
028 B040200 315
028 C010200 14838
028 C020200 56
028 C030200 0
028 C040200 2346
<PAGE> PAGE 7
028 D010200 0
028 D020200 0
028 D030200 0
028 D040200 0
028 E010200 0
028 E020200 0
028 E030200 0
028 E040200 0
028 F010200 0
028 F020200 0
028 F030200 0
028 F040200 0
028 G010200 21188
028 G020200 56
028 G030200 0
028 G040200 2663
028 H000200 0
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 10000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 2.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 98.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 20
063 B000200 0.0
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
<PAGE> PAGE 8
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
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 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 68
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 5
072 G000200 0
072 H000200 0
072 I000200 17
072 J000200 6
072 K000200 0
072 L000200 4
072 M000200 1
072 N000200 12
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 4
072 S000200 1
072 T000200 0
<PAGE> PAGE 9
072 U000200 0
072 V000200 0
072 W000200 2
072 X000200 52
072 Y000200 45
072 Z000200 61
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 61
072DD020200 0
072EE000200 0
073 A010200 0.0070
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1
074 B000200 382
074 C000200 17930
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 33
074 L000200 364
074 M000200 0
074 N000200 18710
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 128
074 S000200 0
074 T000200 18582
074 U010200 18582
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 352
074 Y000200 0
075 A000200 8059
075 B000200 0
076 000200 0.00
<PAGE> PAGE 10
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
High Quality Money Fund Semiannual Report for the period ended 3/31/99 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-30-1999
<PERIOD-START> OCT-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 559,260,882
<INVESTMENTS-AT-VALUE> 559,260,882
<RECEIVABLES> 4,929,280
<ASSETS-OTHER> 632,573
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 564,822,735
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,313,099
<TOTAL-LIABILITIES> 2,313,099
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 562,642,834
<SHARES-COMMON-STOCK> 562,510,796
<SHARES-COMMON-PRIOR> 580,860,195
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (133,198)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 562,509,636
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14,991,380
<OTHER-INCOME> 0
<EXPENSES-NET> 2,360,187
<NET-INVESTMENT-INCOME> 12,631,193
<REALIZED-GAINS-CURRENT> 9,868
<APPREC-INCREASE-CURRENT> 122,643
<NET-CHANGE-FROM-OPS> 12,763,704
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (12,644,914)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 388,583,389
<NUMBER-OF-SHARES-REDEEMED> (418,524,757)
<SHARES-REINVESTED> 11,591,968
<NET-CHANGE-IN-ASSETS> (18,230,610)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (129,345)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,097,960
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,360,187
<AVERAGE-NET-ASSETS> 578,406,852
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.022
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.022)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.82
[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
Premium Money Fund Semiannual Report for the period ended 3/31/99 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> AARP Premium Money Fund
<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> 18,312,424
<INVESTMENTS-AT-VALUE> 18,312,424
<RECEIVABLES> 396,699
<ASSETS-OTHER> 665
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,709,788
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127,448
<TOTAL-LIABILITIES> 127,448
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,582,340
<SHARES-COMMON-STOCK> 18,582,340
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 18,582,340
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 67,582
<OTHER-INCOME> 0
<EXPENSES-NET> 6,541
<NET-INVESTMENT-INCOME> 61,041
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 61,041
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (61,041)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,188,201
<NUMBER-OF-SHARES-REDEEMED> (2,661,840)
<SHARES-REINVESTED> 55,979
<NET-CHANGE-IN-ASSETS> 18,582,340
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,959
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 51,805
<AVERAGE-NET-ASSETS> 8,058,791
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.007
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.007)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
[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 Cash Investment Funds Number of Votes:
-------------------------- --------------------------------------------------------
Broker
For Against Abstain Non-Votes*
--- ------- ------- ----------
<S> <C> <C> <C> <C>
AARP High Quality Money Fund 339,778,268 6,689,806 16,433,010 0
AARP Premium Money Fund -- -- -- --
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 Cash Investment Funds Number of Votes:
-------------------------- --------------------------------------------------------
Broker
For Against Abstain Non-Votes*
--- ------- ------- ----------
AARP High Quality Money Fund 340,675,416 5,613,866 16,611,802 0
AARP Premium Money Fund -- -- -- --
4. To approve the revision of each fund's fundamental lending policy.
AARP Cash Investment Funds Number of Votes:
-------------------------- --------------------------------------------------------
Broker
For Against Abstain Non-Votes*
--- ------- ------- ----------
AARP High Quality Money Fund 329,620,174 10,311,585 22,941,609 27,716
AARP Premium Money Fund -- -- -- --
</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.
