<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the AARP
Balanced Stock And Bond 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> 3
<NAME> AARP Balanced Stock and Bond 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> 506,184,973
<INVESTMENTS-AT-VALUE> 589,535,669
<RECEIVABLES> 5,269,012
<ASSETS-OTHER> 17,790
<OTHER-ITEMS-ASSETS> 73,979
<TOTAL-ASSETS> 594,896,450
<PAYABLE-FOR-SECURITIES> 756,083
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,662,802
<TOTAL-LIABILITIES> 2,418,885
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 509,722,199
<SHARES-COMMON-STOCK> 30,166,451
<SHARES-COMMON-PRIOR> 35,307,946
<ACCUMULATED-NII-CURRENT> 67,320
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (662,650)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 83,350,696
<NET-ASSETS> 592,477,565
<DIVIDEND-INCOME> 3,672,717
<INTEREST-INCOME> 7,979,069
<OTHER-INCOME> (38,928)
<EXPENSES-NET> 3,129,069
<NET-INVESTMENT-INCOME> 8,483,789
<REALIZED-GAINS-CURRENT> 742,506
<APPREC-INCREASE-CURRENT> 21,411,759
<NET-CHANGE-FROM-OPS> 30,638,054
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,634,175)
<DISTRIBUTIONS-OF-GAINS> (12,398,687)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18,605,979
<NUMBER-OF-SHARES-REDEEMED> (136,814,560)
<SHARES-REINVESTED> 19,147,503
<NET-CHANGE-IN-ASSETS> (89,455,886)
<ACCUMULATED-NII-PRIOR> 217,706
<ACCUMULATED-GAINS-PRIOR> 10,993,531
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,516,376
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,310,115
<AVERAGE-NET-ASSETS> 641,249,734
<PER-SHARE-NAV-BEGIN> 19.31
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.71
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.64
<EXPENSE-RATIO> 0.89
</TABLE>
