<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
Bond Fund For Income 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 Bond Fund for Income
<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> 193,447,063
<INVESTMENTS-AT-VALUE> 184,716,952
<RECEIVABLES> 2,970,117
<ASSETS-OTHER> 618
<OTHER-ITEMS-ASSETS> 14,010
<TOTAL-ASSETS> 187,701,697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,195,914
<TOTAL-LIABILITIES> 1,195,914
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 205,359,010
<SHARES-COMMON-STOCK> 13,428,494
<SHARES-COMMON-PRIOR> 14,756,547
<ACCUMULATED-NII-CURRENT> (7,771)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10,115,345)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (8,730,111)
<NET-ASSETS> 186,505,783
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,597,803
<OTHER-INCOME> 0
<EXPENSES-NET> 573,770
<NET-INVESTMENT-INCOME> 7,024,033
<REALIZED-GAINS-CURRENT> (7,349,303)
<APPREC-INCREASE-CURRENT> 3,131,396
<NET-CHANGE-FROM-OPS> 2,806,126
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,026,431)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,755,820
<NUMBER-OF-SHARES-REDEEMED> (44,802,410)
<SHARES-REINVESTED> 4,585,360
<NET-CHANGE-IN-ASSETS> (22,681,535)
<ACCUMULATED-NII-PRIOR> (5,373)
<ACCUMULATED-GAINS-PRIOR> (2,766,042)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 557,729
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 906,090
<AVERAGE-NET-ASSETS> 198,217,485
<PER-SHARE-NAV-BEGIN> 14.18
<PER-SHARE-NII> 0.50
<PER-SHARE-GAIN-APPREC> (0.29)
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.89
<EXPENSE-RATIO> 0.58
</TABLE>
