<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
Insured Tax Free General Bond 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> 2
<NAME> AARP Insured Tax Free General Bond 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> 1,391,866,098
<INVESTMENTS-AT-VALUE> 1,466,534,991
<RECEIVABLES> 20,986,274
<ASSETS-OTHER> 4,388
<OTHER-ITEMS-ASSETS> 456,068
<TOTAL-ASSETS> 1,487,981,721
<PAYABLE-FOR-SECURITIES> 3,712,974
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,397,190
<TOTAL-LIABILITIES> 8,110,164
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,439,692,136
<SHARES-COMMON-STOCK> 84,103,533
<SHARES-COMMON-PRIOR> 89,883,411
<ACCUMULATED-NII-CURRENT> 171,324
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (34,660,796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 74,668,893
<NET-ASSETS> 1,479,871,557
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 43,043,893
<OTHER-INCOME> 0
<EXPENSES-NET> 5,944,632
<NET-INVESTMENT-INCOME> 37,099,261
<REALIZED-GAINS-CURRENT> (943,033)
<APPREC-INCREASE-CURRENT> (9,692,288)
<NET-CHANGE-FROM-OPS> 26,463,940
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,327,379)
<DISTRIBUTIONS-OF-GAINS> (437,823)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,496,974
<NUMBER-OF-SHARES-REDEEMED> (150,456,301)
<SHARES-REINVESTED> 22,152,577
<NET-CHANGE-IN-ASSETS> (112,108,012)
<ACCUMULATED-NII-PRIOR> 399,442
<ACCUMULATED-GAINS-PRIOR> (33,279,940)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,598,037
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,966,046
<AVERAGE-NET-ASSETS> 1,521,892,191
<PER-SHARE-NAV-BEGIN> 17.71
<PER-SHARE-NII> 0.43
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.43)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.60
<EXPENSE-RATIO> 0.76
</TABLE>
