U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form
before preparing Form. Please
print or type.
1. Name and address of issuer: The AAL Mutual Funds
222 West College Avenue
Appleton, WI 54919-0007
2. Name of each series or class of funds for which this notice is filed:
The AAL International Fund, The AAL Smaller Company Stock Fund,
The AAL Capital Growth Fund, The AAL Utilities Fund, The AAL
Bond Fund, The AAL Municipal Bond Fund, The AAL Money Market
Fund, The AAL U.S. Government Zero Coupon Target Fund
Series 2001 and The AAL U.S. Government Zero Coupon Target Fund
Series 2006
3. Investment Company Act File Number: 811-5075
Securities Act File Number: 33-12911
4. Last day of fiscal year for which this notice is filed: April 30, 1996
5. Check box if this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before termination of the
issuer's 24f-2 declaration:
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
7. Number and amount of securities of the same class or series which had
been registered under the Securities Act of 1933 other than pursuant to
rule 24f-2 in a prior fiscal year, but which remained unsold at the
beginning of the fiscal year:
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2: 0
9. Number and aggregate sale price of securities sold during the fiscal
year:
226,825,847 $761,846,957
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
215,571,186 $664,568,574
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
11,254,661 $97,278,383
12. Calculation of registration fee:
(I)Aggregate sale price of securities sold during the fiscal year in
reliance on rule 24f-2(from Item 10): 664,568,574
(ii)Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable): 97,278,383
(iii)Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable): 389,147,318
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(iv)Aggregate price of shares redeemed or repurchased and previously
applied as a reduction to filing fees pursuant to rule 24e-2 (if
applicable): 0
(v)Net aggregate price of securities sold and issued during the fiscal
year in reliance on rule 24f-2 [line (I), plus line (ii), less line
(iii), plus line (iv)] (if applicable): 372,699,639
(vi)Multiplier prescribed by Section 6(b) of the Securities Act of 1933
or other applicable law or regulation (see Instruction C.6): 1/2900
(vii)Fee due [line(I) or line(v) multiplied by line (vi)]: 128,517.12
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the forms being filed within 60 days after the close of the issuer's fiscal
year. See Instruction C.3.
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a). [x]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
105,539.71 - 6/25/96
22,977.41 - 6/27/96
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By(Signature and Title)* /s/ Robert G. Same
Secretary, The AAL Mutual Funds
Date: 6/28/96
*Please print the name and title of the signing officer below the signature.
