<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the AARP
Small Company Stock 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> 7
<NAME> AARP Small Company Stock 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> 47,168,943
<INVESTMENTS-AT-VALUE> 50,443,131
<RECEIVABLES> 6,306,751
<ASSETS-OTHER> 402
<OTHER-ITEMS-ASSETS> 4,791
<TOTAL-ASSETS> 56,755,075
<PAYABLE-FOR-SECURITIES> 3,953,683
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 317,917
<TOTAL-LIABILITIES> 4,271,600
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,457,647
<SHARES-COMMON-STOCK> 2,941,956
<SHARES-COMMON-PRIOR> 3,682,510
<ACCUMULATED-NII-CURRENT> (177,296)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10,071,064)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,274,188
<NET-ASSETS> 52,483,475
<DIVIDEND-INCOME> 382,842
<INTEREST-INCOME> 34,130
<OTHER-INCOME> 0
<EXPENSES-NET> 576,953
<NET-INVESTMENT-INCOME> (159,981)
<REALIZED-GAINS-CURRENT> (6,009,433)
<APPREC-INCREASE-CURRENT> 5,776,584
<NET-CHANGE-FROM-OPS> (392,830)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (65,885)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,638,331
<NUMBER-OF-SHARES-REDEEMED> (18,654,646)
<SHARES-REINVESTED> 63,138
<NET-CHANGE-IN-ASSETS> (13,411,892)
<ACCUMULATED-NII-PRIOR> 48,570
<ACCUMULATED-GAINS-PRIOR> (4,061,631)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 239,456
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 592,918
<AVERAGE-NET-ASSETS> 57,556,488
<PER-SHARE-NAV-BEGIN> 17.89
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.83
<EXPENSE-RATIO> 1.88
</TABLE>
