<PAGE> PAGE 1
000 A000000 03/31/97
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 3
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 C020300 AARP BOND FUND FOR INCOME
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 SCUDDER FUND ACCOUNTING, INC.
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
015 A00AA02 STATE STREET LONDON LIMITED
015 B00AA02 S
<PAGE> PAGE 2
015 C01AA02 LONDON
015 D01AA02 UNITED KINGDOM
015 E04AA02 X
015 A00AA03 CITIBANK, N.A.
015 B00AA03 S
015 C01AA03 BUENOS AIRES
015 D01AA03 ARGENTINA
015 E04AA03 X
015 A00AA04 DELETE
015 A00AA05 GIRO CREDIT BANK AKTIENGESELLSCHAFT DER SPARK
015 B00AA05 S
015 C01AA05 VIENNA
015 D01AA05 AUSTRIA
015 E04AA05 X
015 A00AA06 STANDARD CHARTERED BANK
015 B00AA06 S
015 C01AA06 DHAKA
015 D01AA06 BANGLADESH
015 E04AA06 X
015 A00AA07 GENERALE BANK
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
015 A00AA08 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA08 S
015 C01AA08 GABORONE
015 D01AA08 BOTSWANA
015 E04AA08 X
015 A00AA09 THE FIRST NATIONAL BANK OF BOSTON
015 B00AA09 S
015 C01AA09 SAO PAULO
015 D01AA09 BRAZIL
015 E04AA09 X
015 A00AA10 CANADA TRUSTCO MORTGAGE CO.
015 B00AA10 S
015 C01AA10 TORONTO
015 D01AA10 CANADA
015 E04AA10 X
015 A00AA11 CITIBANK, N.A.
015 B00AA11 S
015 C01AA11 SANTIAGO
015 D01AA11 CHILE
015 E04AA11 X
015 A00AA12 THE HONG KONG & SHANGHAI BANKING CO., LTD.
015 B00AA12 S
015 C01AA12 SHANGHAI
015 D01AA12 CHINA
015 E04AA12 X
015 A00AA13 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
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<PAGE> PAGE 3
015 C01AA13 BOGOTA
015 D01AA13 COLOMBIA
015 E04AA13 X
015 A00AA14 BARCLAYS BANK PLC CYPRUS OFF SHORE BANKING UN
015 B00AA14 S
015 C01AA14 NICOSIA
015 D01AA14 CYPRUS
015 E04AA14 X
015 A00AA15 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA15 S
015 C01AA15 PRAGUE
015 D01AA15 CZECH REPUBLIC
015 E04AA15 X
015 A00AA16 DEN DANSKE BANK
015 B00AA16 S
015 C01AA16 COPENHAGEN
015 D01AA16 DENMARK
015 E04AA16 X
015 A00AA17 MERITA BANK LIMITED
015 B00AA17 S
015 C01AA17 HELSINKI
015 D01AA17 FINLAND
015 E04AA17 X
015 A00AA18 BANQUE PARIBAS
015 B00AA18 S
015 C01AA18 PARIS
015 D01AA18 FRANCE
015 E04AA18 X
015 A00AA19 DRESDNER BANK A.G.
015 B00AA19 S
015 C01AA19 DRESDEN
015 D01AA19 GERMANY
015 E04AA19 X
015 A00AA20 BARCLAYS BANK OF GHANA LTD.
015 B00AA20 S
015 C01AA20 ACCRA
015 D01AA20 GHANA
015 E04AA20 X
015 A00AA21 NATIONAL BANK OF GREECE, S.A.
015 B00AA21 S
015 C01AA21 ATHENS
015 D01AA21 GREECE
015 E04AA21 X
015 A00AA22 STANDARD CHARTERED BANK
015 B00AA22 S
015 C01AA22 HONG KONG
015 D01AA22 HONG KONG
015 E04AA22 X
015 A00AA23 CITIBANK BUDAPEST RT.
015 B00AA23 S
015 C01AA23 BUDAPEST
<PAGE> PAGE 4
015 D01AA23 HUNGARY
015 E04AA23 X
015 A00AA24 DEUTSCHE BANK AG
015 B00AA24 S
015 C01AA24 CALCUTTA
015 D01AA24 INDIA
015 E04AA24 X
015 A00AA25 STANDARD CHARTERED BANK
015 B00AA25 S
015 C01AA25 JAKARTA
015 D01AA25 INDONESIA
015 E04AA25 X
015 A00AA26 BANK OF IRELAND
015 B00AA26 S
015 C01AA26 DUBLIN
015 D01AA26 IRELAND
015 E04AA26 X
015 A00AA27 BANK HAPAALIM B.M.
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015 C01AA27 TEL AVIV
015 D01AA27 ISRAEL
015 E04AA27 X
015 A00AA28 BANQUE PARIBAS
015 B00AA28 S
015 C01AA28 MILAN
015 D01AA28 ITALY
015 E04AA28 X
015 A00AA29 SUMITOMO TRUST & BANKING CO., LTD.
015 B00AA29 S
015 C01AA29 TOKYO
015 D01AA29 JAPAN
015 E04AA29 X
015 A00AA30 BARCLAYS BANK OF KENYA LTD.
015 B00AA30 S
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015 E04AA30 X
015 A00AA31 CITIBANK, N.A.
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015 A00AA33 CITIBANK MEXICO, S.A.
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<PAGE> PAGE 5
015 E04AA33 X
015 A00AA34 MEESPIERSON N.V.
015 B00AA34 S
015 C01AA34 AMSTERDAM
015 D01AA34 THE NETHERLANDS
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015 A00AA38 CITIBANK N.A.
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015 A00AA39 STANDARD CHARTERED BANK
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015 A00AA43 CESKOSLOVENSKA OBCHODNA BANKA, A.S.
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<PAGE> PAGE 6
015 A00AA44 STANDARD BANK OF SOUTH AFRICA LTD.
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015 C01AA44 JOHANNESBURG
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015 A00AA48 SKANDINAVISKA ENSKILDA BANKEN
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015 D01AA50 TAIWAN
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015 D01AA52 TRANSNATIONAL/U.K.
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015 A00AA53 CITIBANK, N.A.
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015 A00AA54 STATE STREET BANK & TRUST COMPANY
<PAGE> PAGE 7
015 B00AA54 S
015 C01AA54 LONDON
015 D01AA54 UNITED KINGDOM
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015 A00AA55 CITIBANK, N.A.
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015 A00AA56 CITIBANK, N.A.
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015 A00AA57 BARCLAYS BANK OF ZAMBIA LTD.
015 B00AA57 S
015 C01AA57 LUSAKA
015 D01AA57 ZAMBIA
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015 A00AA58 BARCLAYS BANK OF ZIMBABWE LIMITED
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015 C01AA58 HARARE
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<PAGE> PAGE 8
022 D000002 15018
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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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 Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>3
<NAME> AARP High Quality Bond
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 463,026,267
<INVESTMENTS-AT-VALUE> 454,297,440
<RECEIVABLES> 14,745,772
<ASSETS-OTHER> 12,607
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 469,055,819
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,134,526
<TOTAL-LIABILITIES> 2,134,526
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 484,703,754
<SHARES-COMMON-STOCK> 29,823,311
<SHARES-COMMON-PRIOR> 32,366,706
<ACCUMULATED-NII-CURRENT> 176,290
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,229,924)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,728,827)
<NET-ASSETS> 466,921,293
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16,606,863
<OTHER-INCOME> 0
<EXPENSES-NET> 2,308,659
<NET-INVESTMENT-INCOME> 14,298,204
<REALIZED-GAINS-CURRENT> (291,833)
<APPREC-INCREASE-CURRENT> (4,158,883)
<NET-CHANGE-FROM-OPS> 9,847,488
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,298,204)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,230,021
<NUMBER-OF-SHARES-REDEEMED> (4,397,610)
<SHARES-REINVESTED> 624,194
<NET-CHANGE-IN-ASSETS> (44,983,873)
<ACCUMULATED-NII-PRIOR> 176,290
<ACCUMULATED-GAINS-PRIOR> (8,938,091)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,193,580
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 498,590,504
<PER-SHARE-NAV-BEGIN> 15.82
<PER-SHARE-NII> (0.46)
<PER-SHARE-GAIN-APPREC> (0.16)
<PER-SHARE-DIVIDEND> 0.46
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.66
<EXPENSE-RATIO> 0.93
<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 FUND and U.S. Treasury Fund Annual Report for the 6 MONTHS ended 3/31/97
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>2
<NAME> AARP GNMA and U.S. Treasury Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,633,588,338
<INVESTMENTS-AT-VALUE> 4,611,569,158
<RECEIVABLES> 39,891,917
<ASSETS-OTHER> 138,998
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,651,600,073
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19,682,695
<TOTAL-LIABILITIES> 19,682,695
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,983,608,286
<SHARES-COMMON-STOCK> 312,536,423
<SHARES-COMMON-PRIOR> 328,879,292
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (329,671,729)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (22,019,179)
<NET-ASSETS> 4,631,917,378
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 171,669,357
<OTHER-INCOME> 0
<EXPENSES-NET> 15,673,721
<NET-INVESTMENT-INCOME> 155,995,636
<REALIZED-GAINS-CURRENT> (7,236,210)
<APPREC-INCREASE-CURRENT> (19,591,637)
<NET-CHANGE-FROM-OPS> 129,167,789
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (155,995,636)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,535,440
<NUMBER-OF-SHARES-REDEEMED> (31,821,859)
<SHARES-REINVESTED> 5,943,550
<NET-CHANGE-IN-ASSETS> (272,522,466)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (322,435,519)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,866,205
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 4,825,151,201
<PER-SHARE-NAV-BEGIN> 14.91
<PER-SHARE-NII> 0.49
<PER-SHARE-GAIN-APPREC> (0.09)
<PER-SHARE-DIVIDEND> (0.49)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.82
<EXPENSE-RATIO> 0.65
<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 Bond Fund For Income Annual Report for the fiscal year ended
3/31/97 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME>AARP Bond Fund for Income
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 13,614,130
<INVESTMENTS-AT-VALUE> 13,442,916
<RECEIVABLES> 564,435
<ASSETS-OTHER> 14,034
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,021,385
<PAYABLE-FOR-SECURITIES> 1,499,652
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,995
<TOTAL-LIABILITIES> 1,604,647
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,595,424
<SHARES-COMMON-STOCK> 10,843,514
<SHARES-COMMON-PRIOR> 10,000,000
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,472)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (171,214)
<NET-ASSETS> 12,416,738
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 62,666
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 62,666
<REALIZED-GAINS-CURRENT> (7,472)
<APPREC-INCREASE-CURRENT> (171,214)
<NET-CHANGE-FROM-OPS> (116,020)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (62,666)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 845,796
<NUMBER-OF-SHARES-REDEEMED> (5,803)
<SHARES-REINVESTED> 3,521
<NET-CHANGE-IN-ASSETS> 12,416,738
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,172
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 5,413,589
<PER-SHARE-NAV-BEGIN> 15.00
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> (0.28)
<PER-SHARE-DIVIDEND> 0.16
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.72
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
