<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> 1
<NAME> AARP Growth and Income 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> 4,292,030,882
<INVESTMENTS-AT-VALUE> 5,756,333,001
<RECEIVABLES> 37,366,388
<ASSETS-OTHER> 35,626
<OTHER-ITEMS-ASSETS> 8,972
<TOTAL-ASSETS> 5,793,743,987
<PAYABLE-FOR-SECURITIES> 11,169,554
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,647,990
<TOTAL-LIABILITIES> 20,817,544
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,052,894,023
<SHARES-COMMON-STOCK> 114,055,674
<SHARES-COMMON-PRIOR> 124,572,024
<ACCUMULATED-NII-CURRENT> (230,833)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 256,093,008
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,464,170,245
<NET-ASSETS> 5,772,926,443
<DIVIDEND-INCOME> 50,741,115
<INTEREST-INCOME> 6,585,668
<OTHER-INCOME> (148,024)
<EXPENSES-NET> 22,578,955
<NET-INVESTMENT-INCOME> 34,599,804
<REALIZED-GAINS-CURRENT> 254,906,406
<APPREC-INCREASE-CURRENT> 178,521,679
<NET-CHANGE-FROM-OPS> 468,027,889
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (36,400,295)
<DISTRIBUTIONS-OF-GAINS> (249,222,411)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 138,015,082
<NUMBER-OF-SHARES-REDEEMED> (913,208,256)
<SHARES-REINVESTED> 258,661,205
<NET-CHANGE-IN-ASSETS> (334,126,786)
<ACCUMULATED-NII-PRIOR> 1,569,658
<ACCUMULATED-GAINS-PRIOR> 250,409,013
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14,172,845
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22,688,678
<AVERAGE-NET-ASSETS> 5,984,398,594
<PER-SHARE-NAV-BEGIN> 49.02
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 3.70
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> (2.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 50.61
<EXPENSE-RATIO> 0.75
</TABLE>
