<TABLE> <S> <C>


<ARTICLE> 6
<CIK> 0000811869
<NAME> THE AAL MUTUAL FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> THE AAL CAPITAL GROWTH FUND CLASS I
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          APR-30-1998
<PERIOD-START>                             JAN-02-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                       1566940020
<INVESTMENTS-AT-VALUE>                      2840856436
<RECEIVABLES>                                  1869820
<ASSETS-OTHER>                                  683423
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<TOTAL-ASSETS>                              2843409679
<PAYABLE-FOR-SECURITIES>                      16462630
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2351253
<TOTAL-LIABILITIES>                           18813883
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1516039450
<SHARES-COMMON-STOCK>                           100652
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<DIVIDEND-INCOME>                             25735290
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<NET-INVESTMENT-INCOME>                        8558419
<REALIZED-GAINS-CURRENT>                     107878390
<APPREC-INCREASE-CURRENT>                    714923258
<NET-CHANGE-FROM-OPS>                        831360067
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                         104072
<NUMBER-OF-SHARES-REDEEMED>                     (3420)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      1019147521
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     25404099
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<GROSS-ADVISORY-FEES>                         12742588
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               22691196
<AVERAGE-NET-ASSETS>                            921629
<PER-SHARE-NAV-BEGIN>                            26.05
<PER-SHARE-NII>                                   .015
<PER-SHARE-GAIN-APPREC>                          3.605
<PER-SHARE-DIVIDEND>                                 0
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<EXPENSE-RATIO>                                    .58
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>