<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the AARP
Capital Growth 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> 2
<NAME> AARP Capital Growth 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> 1,616,131,956
<INVESTMENTS-AT-VALUE> 2,461,997,227
<RECEIVABLES> 3,636,179
<ASSETS-OTHER> 2,458
<OTHER-ITEMS-ASSETS> 33,460
<TOTAL-ASSETS> 2,465,669,324
<PAYABLE-FOR-SECURITIES> 13,769,995
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,950,450
<TOTAL-LIABILITIES> 17,720,445
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,406,735,944
<SHARES-COMMON-STOCK> 32,759,125
<SHARES-COMMON-PRIOR> 27,686,099
<ACCUMULATED-NII-CURRENT> (1,217,347)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 196,565,011
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 845,865,271
<NET-ASSETS> 2,447,948,879
<DIVIDEND-INCOME> 6,617,042
<INTEREST-INCOME> 1,805,137
<OTHER-INCOME> (17,581)
<EXPENSES-NET> 9,543,314
<NET-INVESTMENT-INCOME> (1,138,716)
<REALIZED-GAINS-CURRENT> 200,086,282
<APPREC-INCREASE-CURRENT> 308,698,162
<NET-CHANGE-FROM-OPS> 507,645,728
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,019,257)
<DISTRIBUTIONS-OF-GAINS> (154,688,680)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 398,247,180
<NUMBER-OF-SHARES-REDEEMED> (185,222,990)
<SHARES-REINVESTED> 147,667,565
<NET-CHANGE-IN-ASSETS> 712,629,546
<ACCUMULATED-NII-PRIOR> 940,626
<ACCUMULATED-GAINS-PRIOR> 151,167,409
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,394,232
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,587,077
<AVERAGE-NET-ASSETS> 2,119,970,771
<PER-SHARE-NAV-BEGIN> 62.68
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 17.53
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (5.40)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 74.73
<EXPENSE-RATIO> 0.90
</TABLE>
