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 six months ended 3/31/2000 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-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 395,727,833
<INVESTMENTS-AT-VALUE> 395,727,833
<RECEIVABLES> 1,771,962
<ASSETS-OTHER> 18,010
<OTHER-ITEMS-ASSETS> 2,109,368
<TOTAL-ASSETS> 399,627,173
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,566,368
<TOTAL-LIABILITIES> 4,566,368
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 395,412,216
<SHARES-COMMON-STOCK> 395,280,709
<SHARES-COMMON-PRIOR> 427,104,829
<ACCUMULATED-NII-CURRENT> (219,293)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (132,118)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 395,060,805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12,246,306
<OTHER-INCOME> 0
<EXPENSES-NET> 2,206,757
<NET-INVESTMENT-INCOME> 10,039,549
<REALIZED-GAINS-CURRENT> (11,688)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 10,027,861
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,258,842)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 232,390,943
<NUMBER-OF-SHARES-REDEEMED> (272,072,538)
<SHARES-REINVESTED> 7,869,711
<NET-CHANGE-IN-ASSETS> (32,042,865)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (120,430)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 787,885
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,215,258
<AVERAGE-NET-ASSETS> 411,702,474
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
