<PAGE> PAGE 1
000 A000000 03/31/95
000 C000000 747677
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 AARP INCOME TRUST
001 B000000 811-4049
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 AARP HIGH QUALITY BOND FUND
007 C030100 N
007 C010200 2
007 C020200 AARP GNMA & U.S. TREASURY FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
<PAGE> PAGE 2
021 000000 0
022 A000001 HENRY COOK LUMSDEN, LTD.
022 C000001 322555
022 D000001 0
022 A000002 LEHMAN BROS INC.
022 B000002 13-2663822
022 C000002 96035
022 D000002 0
022 A000003 DAIWA SWITZERLAND
022 C000003 40289
022 D000003 0
022 A000004 GENERAL MOTORS ACCEPTANCE CORP.
022 B000004 38-0572512
022 C000004 26200
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 14826041
023 D000000 148735
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
045 00AA00 Y
046 00AA00 N
047 00AA00 N
048 00AA00 0.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
<PAGE> PAGE 3
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 Y
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
<PAGE> PAGE 4
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 Y
078 000000 N
028 A010100 3793
028 A020100 1913
028 A030100 0
028 A040100 18389
028 B010100 2465
028 B020100 1938
028 B030100 0
028 B040100 16278
028 C010100 3568
028 C020100 1933
028 C030100 0
028 C040100 13651
028 D010100 2758
028 D020100 1906
028 D030100 0
028 D040100 16833
028 E010100 2797
028 E020100 1821
028 E030100 0
028 E040100 9030
028 F010100 3435
028 F020100 1966
028 F030100 0
028 F040100 8874
028 G010100 18816
028 G020100 11477
028 G030100 0
028 G040100 83055
028 H000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 8.8
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 60.6
062 O000100 0.0
062 P000100 15.9
<PAGE> PAGE 5
062 Q000100 14.7
062 R000100 0.0
063 A000100 0
063 B000100 10.6
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 200759
071 B000100 233345
071 C000100 461334
071 D000100 87
072 A000100 6
072 B000100 19246
072 C000100 0
072 D000100 0
072 E000100 0
<PAGE> PAGE 6
072 F000100 1302
072 G000100 0
072 H000100 0
072 I000100 1011
072 J000100 65
072 K000100 0
072 L000100 160
072 M000100 15
072 N000100 30
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 24
072 S000100 6
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 12
072 X000100 2625
072 Y000100 0
072 Z000100 16621
072AA000100 0
072BB000100 4517
072CC010100 12841
072CC020100 0
072DD010100 16164
072DD020100 0
072EE000100 0
073 A010100 0.4553
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 2
074 B000100 0
074 C000100 46089
074 D000100 473509
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 5996
074 M000100 2
074 N000100 525598
074 O000100 0
074 P000100 218
074 Q000100 0
074 R010100 0
074 R020100 0
<PAGE> PAGE 7
074 R030100 0
074 R040100 1376
074 S000100 0
074 T000100 524004
074 U010100 34206
074 U020100 0
074 V010100 15.32
074 V020100 0.00
074 W000100 0.0000
074 X000100 61378
074 Y000100 0
075 A000100 0
075 B000100 534399
076 000100 0.00
028 A010200 29864
028 A020200 18735
028 A030200 0
028 A040200 128249
028 B010200 28791
028 B020200 18509
028 B030200 0
028 B040200 129020
028 C010200 19755
028 C020200 17063
028 C030200 0
028 C040200 137590
028 D010200 27038
028 D020200 16893
028 D030200 0
028 D040200 117472
028 E010200 27089
028 E020200 16238
028 E030200 0
028 E040200 70895
028 F010200 28144
028 F020200 16680
028 F030200 0
028 F040200 69980
028 G010200 160681
028 G020200 104118
028 G030200 0
028 G040200 653206
028 H000200 0
062 A000200 Y
062 B000200 25.5
062 C000200 0.0
062 D000200 0.5
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
<PAGE> PAGE 8
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 71.5
062 O000200 0.0
062 P000200 0.0
062 Q000200 2.5
062 R000200 0.0
063 A000200 0
063 B000200 7.0
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
<PAGE> PAGE 9
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 195969
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 11102
072 G000200 0
072 H000200 0
072 I000200 4747
072 J000200 567
072 K000200 0
072 L000200 1208
072 M000200 13
072 N000200 87
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 35
072 S000200 18
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 99
072 X000200 17876
072 Y000200 0
072 Z000200 178093
072AA000200 0
072BB000200 80696
072CC010200 113144
072CC020200 0
072DD010200 178093
072DD020200 0
072EE000200 0
073 A010200 0.4900
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 6
074 B000200 27165
074 C000200 1336223
074 D000200 3738319
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 1029131
074 K000200 0
<PAGE> PAGE 10
074 L000200 36613
074 M000200 53
074 N000200 6167510
074 O000200 920651
074 P000200 1862
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 15470
074 S000200 0
074 T000200 5229527
074 U010200 352526
074 U020200 0
074 V010200 14.83
074 V020200 0.00
074 W000200 0.0000
074 X000200 290964
074 Y000200 0
075 A000200 0
075 B000200 5318477
076 000200 0.00
SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from the AARP High Quality Bond Fund Semi-
Annual Report for the period ended March 31, 1995 and
is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER>1
<NAME>AARP High Quality Bond Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 528,446,037
<INVESTMENTS-AT-VALUE> 519,598,315
<RECEIVABLES> 5,996,008
<ASSETS-OTHER> 3900
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 525,598,223
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,593,899
<TOTAL-LIABILITIES> 1,593,899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 553,615,838
<SHARES-COMMON-STOCK> 34,206,280
<SHARES-COMMON-PRIOR> 37,734,181
<ACCUMULATED-NII-CURRENT> 456,831
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (21,069,941)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,998,404)
<NET-ASSETS> 524,004,324
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 19,246,398
<OTHER-INCOME> 0
<EXPENSES-NET> 2,625,133
<NET-INVESTMENT-INCOME> 16,621,265
<REALIZED-GAINS-CURRENT> (4,516,757)
<APPREC-INCREASE-CURRENT> 12,840,751
<NET-CHANGE-FROM-OPS> 24,945,259
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (16,164,434)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,251,290
<NUMBER-OF-SHARES-REDEEMED> (5,540,449)
<SHARES-REINVESTED> 761,308
<NET-CHANGE-IN-ASSETS> (43,981,583)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (16,553,184)
<GROSS-ADVISORY-FEES> 1,302,171
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,625,133
<AVERAGE-NET-ASSETS> 534,399,424
<PER-SHARE-NAV-BEGIN> 15.05
<PER-SHARE-NII> .47
<PER-SHARE-GAIN-APPREC> .26
<PER-SHARE-DIVIDEND> (.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.32
<EXPENSE-RATIO> .99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from the AARP GNMA and U.S. Treasury Fund
Semi-Annual Report for the period ended March 31, 1995
and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER>2
<NAME>AARP GNMA & U.S. Treasury Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 5,098,478,159
<INVESTMENTS-AT-VALUE> 5,101,707,673
<RECEIVABLES> 1,065,744,262
<ASSETS-OTHER> 58,719
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,167,510,654
<PAYABLE-FOR-SECURITIES> 920,650,839
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,332,800
<TOTAL-LIABILITIES> 937,983,639
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,611,553,773
<SHARES-COMMON-STOCK> 352,526,314
<SHARES-COMMON-PRIOR> 379,121,168
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (385,256,272)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,229,514
<NET-ASSETS> 5,229,527,015
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 195,969,202
<OTHER-INCOME> 0
<EXPENSES-NET> 17,876,190
<NET-INVESTMENT-INCOME> 178,093,012
<REALIZED-GAINS-CURRENT> (80,695,799)
<APPREC-INCREASE-CURRENT> 113,144,243
<NET-CHANGE-FROM-OPS> 210,541,456
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (178,093,012)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,087,136
<NUMBER-OF-SHARES-REDEEMED> (44,772,398)
<SHARES-REINVESTED> 7,090,408
<NET-CHANGE-IN-ASSETS> (355,958,175)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (304,560,473)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,102,409
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,876,190
<AVERAGE-NET-ASSETS> 5,318,476,704
<PER-SHARE-NAV-BEGIN> 14.73
<PER-SHARE-NII> .49
<PER-SHARE-GAIN-APPREC> .10
<PER-SHARE-DIVIDEND> (.49)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.83
<EXPENSE-RATIO> .67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>