<PAGE> PAGE 1
000 A000000 10/31/96
000 C000000 0000811869
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE AAL MUTUAL FUNDS
001 B000000 811-5075
001 C000000 4147345721
002 A000000 222 W. COLLEGE AVENUE
002 B000000 APPLETON
002 C000000 WI
002 D010000 54919
002 D020000 0007
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 10
007 C010100 1
007 C020100 THE AAL CAPITAL GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 THE AAL BOND FUND
007 C030200 N
007 C010300 3
007 C020300 THE AAL MUNICIPAL BOND FUND
007 C030300 N
007 C010400 4
007 C020400 THE AAL MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C020500 THE AAL US GOV'T ZERO COUPON BOND SERIES 2001
007 C030500 N
007 C010600 6
007 C020600 THE AAL US GOV'T ZERO COUPON BOND SERIES 2006
007 C030600 N
007 C010700 7
007 C020700 THE AAL MID CAP STOCK FUND
007 C030700 N
007 C010800 8
007 C020800 THE AAL UTILITIES FUND
007 C030800 N
007 C010900 9
007 C020900 THE AAL INTERNATIONAL FUND
007 C030900 N
007 C011000 10
<PAGE> PAGE 2
007 C021000 THE AAL SMALL CAP STOCK FUND
007 C031000 N
011 A00AA01 AAL CAPITAL MANAGEMENT CORPORATION
011 B00AA01 8-36525
011 C01AA01 APPLETON
011 C02AA01 WI
011 C03AA01 54919
011 C04AA01 0007
012 A00AA01 FIRSTAR TRUST COMPANY
012 B00AA01 84-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53201
012 C04AA01 2981
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
014 A00AA01 AAL CAPITAL MANAGEMENT CORPORATION
014 B00AA01 8-36525
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 LEHMAN BROTHERS INCORPORATED
020 B000001 13-2518466
020 C000001 175
020 A000002 WEEDEN & COMPANY, INC.
020 B000002 13-3364318
020 C000002 158
020 A000003 WESSELS, ARNOLD & HENDERSON, L.P.
020 B000003 41-1555468
020 C000003 153
020 A000004 PAINE WEBBER INC.
020 B000004 13-2638166
020 C000004 144
020 A000005 MORGAN STANLEY & CO., INC.
020 B000005 13-2655998
020 C000005 143
020 A000006 MONTGOMERY SECURITIES
020 B000006 94-1701676
020 C000006 129
020 A000007 INSTINET
020 B000007 13-3443395
020 C000007 125
020 A000008 ALEX BROWN & SONS INC.
020 B000008 52-1319768
020 C000008 82
020 A000009 SMITH BARNEY INC.
020 B000009 13-1912900
020 C000009 79
020 A000010 ROBERT W. BAIRD & COMPANY
<PAGE> PAGE 3
020 B000010 39-6037917
020 C000010 79
021 000000 1981
022 A000001 MERRILL LYNCH CAPITAL MARKETS
022 B000001 13-5674085
022 C000001 1385306
022 D000001 103477
022 A000002 FIRSTAR TRUST COMPANY
022 B000002 39-0281260
022 C000002 440313
022 D000002 453207
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003 148962
022 D000003 118349
022 A000004 GOLDMAN SACHS & COMPANY
022 B000004 13-5108880
022 C000004 94612
022 D000004 23432
022 A000005 SALOMON BROTHERS
022 B000005 13-3082694
022 C000005 50699
022 D000005 47900
022 A000006 FITZGERALD DAVIS & ASSOCIATES LP
022 B000006 36-3863705
022 C000006 40098
022 D000006 37010
022 A000007 CS FIRST BOSTON
022 B000007 13-5659485
022 C000007 38588
022 D000007 29388
022 A000008 RAYMOND JAMES
022 B000008 59-1237041
022 C000008 39690
022 D000008 22062
022 A000009 DAIN BOSWORTH, INC.
022 B000009 41-0212020
022 C000009 25888
022 D000009 28540
022 A000010 PAINE WEBBER INC.
022 B000010 13-2638166
022 C000010 24567
022 D000010 29039
023 C000000 2672361
023 D000000 1082898
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
<PAGE> PAGE 4
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 N
078 000000 N
086 A010000 0
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086 B010000 0
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086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
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086 F010000 0
086 F020000 0
<PAGE> PAGE 5
008 A000101 AAL CAPITAL MANAGEMENT CORPORATION
008 B000101 A
008 C000101 801-29618
008 D010101 APPLETON
008 D020101 WI
008 D030101 54919
008 D040101 0007
015 A000101 FIRSTAR TRUST COMPANY
015 B000101 C
015 C010101 MILWAUKEE
015 C020101 WI
015 C030101 53201
015 C040101 2981
015 E010101 X
028 A010100 17839
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028 C040100 9352
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028 D040100 8995
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028 F020100 0
028 F030100 0
028 F040100 9022
028 G010100 104504
028 G020100 6267
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028 H000100 92514
029 000100 Y
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030 B000100 4.75
030 C000100 0.00
031 A000100 1315
031 B000100 0
032 000100 0
033 000100 2499
<PAGE> PAGE 6
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 Y
040 000100 Y
041 000100 Y
042 A000100 0
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042 C000100 0
042 D000100 100
042 E000100 0
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044 000100 0
045 000100 Y
046 000100 N
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048 E020100 0.000
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048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 1000000
048 K020100 0.005
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
062 A000100 N
062 B000100 0.0
<PAGE> PAGE 7
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
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062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
<PAGE> PAGE 8
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 222030
071 B000100 169831
071 C000100 1398227
071 D000100 12
072 A000100 6
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072 G000100 0
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072 J000100 66
072 K000100 116
072 L000100 39
072 M000100 2
072 N000100 34
072 O000100 0
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072 R000100 9
072 S000100 2
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<PAGE> PAGE 9
073 A010100 0.0850
073 A020100 0.0000
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074 A000100 446
074 B000100 0
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074 D000100 0
074 E000100 0
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074 N000100 1576344
074 O000100 29980
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074 U010100 76492
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074 V020100 0.00
074 W000100 0.0000
074 X000100 154102
074 Y000100 0
075 A000100 0
075 B000100 1437244
076 000100 0.00
008 A000201 AAL CAPITAL MANAGEMENT CORPORATION
008 B000201 A
008 C000201 801-29618
008 D010201 APPLETON
008 D020201 WI
008 D030201 54919
008 D040201 0007
015 A000201 FIRSTAR TRUST COMPANY
015 B000201 C
015 C010201 MILWAUKEE
015 C020201 WI
015 C030201 53201
015 C040201 2981
015 E010201 X
<PAGE> PAGE 10
028 A010200 7661
028 A020200 1735
028 A030200 0
028 A040200 8069
028 B010200 3148
028 B020200 1638
028 B030200 0
028 B040200 6932
028 C010200 2198
028 C020200 1890
028 C030200 0
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028 D010200 3820
028 D020200 1717
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028 D040200 6987
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028 F010200 2753
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028 G020200 10455
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029 000200 Y
030 A000200 415
030 B000200 4.75
030 C000200 0.00
031 A000200 111
031 B000200 0
032 000200 0
033 000200 304
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 Y
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
042 F000200 0
<PAGE> PAGE 11
042 G000200 0
042 H000200 0
043 000200 539
044 000200 0
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046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 250000
048 A020200 0.006
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048 B020200 0.005
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048 F010200 0
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048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 500000
048 K020200 0.005
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
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062 L000200 0.8
062 M000200 9.3
062 N000200 28.0
062 O000200 0.0
062 P000200 50.9
<PAGE> PAGE 12
062 Q000200 10.4
062 R000200 0.0
063 A000200 0
063 B000200 7.1
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
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070 Q020200 N
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070 R020200 N
071 A000200 325150
071 B000200 327599
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<PAGE> PAGE 13
072 A000200 6
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<PAGE> PAGE 14
074 O000200 2014
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008 A000301 AAL CAPITAL MANAGEMENT CORPORATION
008 B000301 A
008 C000301 801-29618
008 D010301 APPLETON
008 D020301 WI
008 D030301 54919
008 D040301 0007
015 A000301 FIRSTAR TRUST COMPANY
015 B000301 C
015 C010301 MILWAUKEE
015 C020301 WI
015 C030301 53201
015 C040301 2981
015 E010301 X
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<PAGE> PAGE 15
028 E030300 0
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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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<PAGE> PAGE 19
076 000300 0.00
008 A000401 AAL CAPITAL MANAGEMENT CORPORATION
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008 D010401 APPLETON
008 D020401 WI
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008 D040401 0007
015 A000401 FIRSTAR TRUST COMPANY
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015 C040401 2981
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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008 A001001 AAL CAPITAL MANAGEMENT CORPORATION
008 B001001 A
008 C001001 801-29618
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015 A001001 FIRSTAR TRUST COMPANY
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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SIGNATURE TERRANCE GALLAGHER
TITLE SENIOR VP-CFO
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