<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Aarp
High Quality Tax Free Money 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 High Quality Tax Free Money 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> 84,393,110
<INVESTMENTS-AT-VALUE> 84,393,110
<RECEIVABLES> 490,357
<ASSETS-OTHER> 1,474
<OTHER-ITEMS-ASSETS> 35,385
<TOTAL-ASSETS> 84,920,326
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 188,073
<TOTAL-LIABILITIES> 188,073
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85,471,136
<SHARES-COMMON-STOCK> 84,737,961
<SHARES-COMMON-PRIOR> 87,325,970
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (738,883)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 84,732,253
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,588,114
<OTHER-INCOME> 0
<EXPENSES-NET> 363,090
<NET-INVESTMENT-INCOME> 1,225,024
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,225,024
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,225,024)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,924,870
<NUMBER-OF-SHARES-REDEEMED> (15,502,002)
<SHARES-REINVESTED> 989,123
<NET-CHANGE-IN-ASSETS> (2,588,009)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (738,883)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 164,452
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 365,375
<AVERAGE-NET-ASSETS> 85,924,383
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.85
</TABLE>
