<PAGE> PAGE 1
000 B000000 04/30/99
000 C000000 0000811869
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE AAL MUTUAL FUNDS
001 B000000 811-5075
001 C000000 9207345721
002 A000000 222 WEST 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 12
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 GOVT. ZERO COUPON BOND SERIES 2001
007 C030500 N
007 C010600 6
007 C020600 THE AAL US GOVT. ZERO COUPON BOND SERIES 2006
007 C030600 N
007 C010700 7
007 C020700 THE AAL MID CAP FUND
007 C030700 N
007 C010800 8
007 C020800 THE AAL EQITY INCOME 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 FUND
007 C031000 N
007 C011100 11
007 C021100 THE AAL HIGH YIELD FUND
007 C031100 N
007 C011200 12
007 C021200 THE AAL BALANCED FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
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 PRICEWATERHOUSECOOPERS 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 MERRILL LYNCH & COMPANY, INC.
020 B000001 13-5674085
020 C000001 438
020 A000002 BROADCOURT-CITATION GROUP
020 B000002 13-3144415
020 C000002 371
020 A000003 LEHMAN BROTHERS, INC.
020 B000003 13-2518466
020 C000003 335
020 A000004 PAINEWEBBER, INC.
020 B000004 13-2638166
020 C000004 327
020 A000005 FACTSET DATA SYSTEMS, INC.
020 B000005 13-5674085
<PAGE> PAGE 3
020 C000005 210
020 A000006 AUTRANET, INC.
020 B000006 13-2961507
020 C000006 162
020 A000007 BRIDGE TRADING COMPANY
020 B000007 43-1450530
020 C000007 138
020 A000008 MORGAN STANLEY DEAN WITTER DISCOVER
020 B000008 13-2655998
020 C000008 125
020 A000009 BERSTEIN (SANFORD C.) & COMPANY
020 B000009 13-2625874
020 C000009 108
020 A000010 INSTINET CORPORATION
020 B000010 13-3443395
020 C000010 96
021 000000 3685
022 A000001 MERRILL LYNCH & COMPANY, INC.
022 B000001 13-5674085
022 C000001 13067785
022 D000001 146412
022 A000002 LEHMAN BROTHERS INC.
022 B000002 13-2518466
022 C000002 880477
022 D000002 825068
022 A000003 GOLDMAN, SACHS, & COMPANY
022 B000003 13-5108880
022 C000003 1542511
022 D000003 111921
022 A000004 SALMON SMITH BARNEY, INC.
022 B000004 13-1912900
022 C000004 657372
022 D000004 616645
022 A000005 CS FIRST BOSTON CORPORATION
022 B000005 13-5659485
022 C000005 555064
022 D000005 152239
022 A000006 FIRSTAR TRUST COMPANY
022 B000006 39-0281260
022 C000006 258563
022 D000006 292465
022 A000007 BEAR, STEARNS & COMPANY, INC.
022 B000007 13-3299429
022 C000007 268237
022 D000007 215332
022 A000008 MORGAN STANLEY DEAN WITTER DISCOVER
022 B000008 13-2655998
022 C000008 207285
022 D000008 224154
022 A000009 MORGAN (J.P.) SECURITIES, INC.
022 B000009 13-3224016
<PAGE> PAGE 4
022 C000009 192598
022 D000009 187517
022 A000010 CITICORP SERCURITIES, INC.
022 B000010 13-5266470
022 C000010 144260
022 D000010 133219
023 C000000 19747681
023 D000000 3910204
026 A000000 N
026 B000000 Y
026 C000000 N
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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 Y
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077 F000000 N
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<PAGE> PAGE 5
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
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077 Q020000 N
077 Q030000 N
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083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
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 CITBANK, N.A.
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10043
015 E010101 X
024 000100 Y
025 A000101 CITIGROUP, INC.
025 B000101 13-526470
025 C000101 E
025 D000101 50372
025 A000102 MORGAN (J.P.) SECURITIES
025 B000102 13-3224016
025 C000102 E
025 D000102 52809
025 A000103 MORGAN STANLEY DEAN WITTER DISCOVER
025 B000103 13-2655998
025 C000103 E
025 D000103 35906
025 A000104 BANK OF AMERICA, LLC
025 B000104 52-2058405
<PAGE> PAGE 6
025 C000104 E
025 D000104 43704
025 A000105 MERRILL LYNCH & COMPANY, INC.
025 B000105 13-5674085
025 C000105 D
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036 A000100 Y
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<PAGE> PAGE 7
038 000100 0
039 000100 Y
040 000100 Y
041 000100 Y
042 A000100 0
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042 D000100 100
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043 000100 8045
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048 K010100 1000000
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050 000100 N
051 000100 N
052 000100 N
053 A000100 N
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<PAGE> PAGE 8
062 G000100 0.0
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066 A000100 Y
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066 C000100 N
066 D000100 Y
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
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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 Y
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070 M020100 N
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<PAGE> PAGE 9
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE> PAGE 10
074 C000100 143853
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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 CITIBANK, N.A.
015 B000201 C
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<PAGE> PAGE 11
028 B040200 5379
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<PAGE> PAGE 12
047 000200 Y
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<PAGE> PAGE 13
066 A000200 N
067 000200 N
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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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
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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
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
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070 E020800 N
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070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 N
070 P020800 N
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070 Q020800 N
070 R010800 N
070 R020800 N
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<PAGE> PAGE 42
072 G000800 0
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<PAGE> PAGE 43
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008 A000901 AAL CAPITAL MANAGEMENT CORPORAITON
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<PAGE> PAGE 44
028 C010900 1952
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<PAGE> PAGE 45
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048 I020900 0.000
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048 J020900 0.000
048 K010900 50000
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<PAGE> PAGE 46
066 F000900 N
066 G000900 N
067 000900 N
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070 D020900 N
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070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 Y
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
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070 O020900 N
070 P010900 Y
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070 Q020900 N
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070 R020900 N
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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008 A001001 AAL CAPITAL MANAGEMENT CORPORATION
008 B001001 A
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008 D011001 APPLETON
008 D021001 WI
008 D031001 54919
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015 A001001 CITIBANK, N.A.
015 B001001 C
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015 E011001 X
024 001000 Y
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<PAGE> PAGE 49
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<PAGE> PAGE 50
048 A011000 200000
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<PAGE> PAGE 51
066 G001000 N
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070 E021000 N
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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008 A001101 AAL CAPITAL MANAGEMENT CORPORATION
008 B001101 A
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008 D011101 APPLETON
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008 D031101 54919
008 D041101 0007
015 A001101 CITIBANK, N.A.
015 B001101 C
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015 C021101 NY
015 C031101 10043
015 E011101 X
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
069 001100 N
070 A011100 Y
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
066 A001200 Y
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<CIK> 0000811869
<NAME> THE AAL MUTUAL FUNDS
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<NAME> THE AAL BALANCED FUND CLASS I
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To the Trustees of The AAL Mutual Funds
In planning and performing our audits of the financial statements of The AAL
Small Cap Stock Fund, The AAL Mid Cap Stock Fund, The AAL International Fund,
The AAL Capital Growth Fund, The AAL Equity Income Fund, The AAL Balanced Fund,
The AAL High Yield Bond Fund, The AAL Municipal Bond Fund, The AAL 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,
the portfolios of The AAL Mutual Funds (the "Fund") for the period ended April
30, 1999, we considered the Fund's internal control structure, including
procedures for safeguarding securities, in order to determine our auditing
procedures for the purposes of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, and not to provide
assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are appropriately
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
April 30, 1999.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
May 25, 1999
