<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811869
<NAME> THE AAL MUTUAL FUNDS
<SERIES>
   <NUMBER> 123
   <NAME> THE AAL BALANCED FUND CLASS I
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-START>                             MAY-01-1999
<PERIOD-END>                               APR-30-2000
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<INVESTMENTS-AT-VALUE>                       276286428
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                           242070
<SHARES-COMMON-PRIOR>                           186644
<ACCUMULATED-NII-CURRENT>                       625529
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<ACCUMULATED-NET-GAINS>                      (7674383)
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<DIVIDEND-INCOME>                              1092547
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<NET-CHANGE-FROM-OPS>                         11706556
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (97249)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                         131811
<NUMBER-OF-SHARES-REDEEMED>                    (84052)
<SHARES-REINVESTED>                               7667
<NET-CHANGE-IN-ASSETS>                       104906539
<ACCUMULATED-NII-PRIOR>                         333728
<ACCUMULATED-GAINS-PRIOR>                    (1031066)
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<GROSS-ADVISORY-FEES>                          1280721
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<GROSS-EXPENSE>                                2779847
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<PER-SHARE-NAV-BEGIN>                            12.13
<PER-SHARE-NII>                                   0.39
<PER-SHARE-GAIN-APPREC>                           0.25
<PER-SHARE-DIVIDEND>                            (0.37)
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<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.40
<EXPENSE-RATIO>                                   0.60



</TABLE>