<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811869
<NAME> THE AAL MUTUAL FUNDS
<SERIES>
   <NUMBER> 122
   <NAME> THE AAL BALANCED FUND CLASS B
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-START>                             MAY-01-1999
<PERIOD-END>                               OCT-29-1999
<INVESTMENTS-AT-COST>                        218210865
<INVESTMENTS-AT-VALUE>                       237218989
<RECEIVABLES>                                  1340668
<ASSETS-OTHER>                                  191500
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               238751157
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       309085
<TOTAL-LIABILITIES>                             309085
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     223292367
<SHARES-COMMON-STOCK>                          1280487
<SHARES-COMMON-PRIOR>                           979692
<ACCUMULATED-NII-CURRENT>                       476604
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (4335023)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      19008124
<NET-ASSETS>                                  15557209
<DIVIDEND-INCOME>                               510120
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1238177
<NET-INVESTMENT-INCOME>                        2555734
<REALIZED-GAINS-CURRENT>                     (3303957)
<APPREC-INCREASE-CURRENT>                      4855183
<NET-CHANGE-FROM-OPS>                          4106960
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (97442)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         327523
<NUMBER-OF-SHARES-REDEEMED>                    (34725)
<SHARES-REINVESTED>                               7997
<NET-CHANGE-IN-ASSETS>                        66048613
<ACCUMULATED-NII-PRIOR>                         333728
<ACCUMULATED-GAINS-PRIOR>                    (1031066)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           560544
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1253117
<AVERAGE-NET-ASSETS>                          13719860
<PER-SHARE-NAV-BEGIN>                            12.10
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                            .05
<PER-SHARE-DIVIDEND>                             (.08)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.15
<EXPENSE-RATIO>                                   2.16


</TABLE>