TRANSFER AND DIVIDEND DISBURSING
                                 AGENT AGREEMENT

                                     Between

                              THE AAL MUTUAL FUNDS

                                       And

                          FIRST WISCONSIN TRUST COMPANY


                                  June 15, 1987


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                                TABLE OF CONTENTS
Page


1.       Copies of Corporate Documents......................................1

2.       Transfer of Shares.................................................1

3.       Share Certificates.................................................1

4.       Lost or Destroyed Certificates.....................................2

5.       Receipt of Funds for Investment....................................2

6.       Shareholder Accounts...............................................2

7.       Unpaid Checks and Drafts...........................................3

8.       Sales Charge.......................................................3

9.       Dividends and Distributions........................................3

10.      Repurchase and Redemptions.........................................4

11.      Systematic Withdrawal Plans........................................5

12.      Letters of Intent..................................................5

13.      Other Plans........................................................5

14.      Tax Returns and Reports............................................5

15.      Record Keeping.....................................................5

16.      Other Information Furnished........................................6

17.      Correspondence.....................................................6

18.      Communications to Shareholders and Meetings........................6

19.      Compensation.......................................................6

20.      Use of The Agent's Name............................................7

21.      Duty of Care and Indemnification ..................................7

22.      Notices............................................................8

23.      Further Assurances.................................................8

24.      Termination, Etc...................................................8

25.      Remedies Available to Trust........................................9

26.      Miscellaneous......................................................9


<PAGE>


                TRANSFER AND DIVIDEND DISBURSING AGENT AGREEMENT


         THIS AGREEMENT, is entered into on this 15th day of June, 1987, between
The AAL Mutual Funds, a business trust organized and existing under the laws of
the Commonwealth of Massachusetts, having its principal place of business at 222
West College Avenue, Appleton, Wisconsin 54919 (the "Trust") and First Wisconsin
Trust Company, a Wisconsin corporation, having its principal place of business
at 777 East Wisconsin Avenue, P.O. Box 701, Milwaukee, Wisconsin 53201 (the
"Agent").


                                   WITNESSETH

         WHEREAS, the Trust is authorized to issue units of beneficial interest
in separate series, with units of each such series representing an interest in a
separate portfolio of securities and other assets; and

         WHEREAS, the Trust intends to initially offer units in three series,
AAL Capital Growth Series, AAL Income Series and AAL Municipal Bond Series (such
series together with any other series subsequently established by the Trust and
made subject to this Agreement by the mutual consent of the parties hereto being
herein referred to collectively as the "Funds" and individually as a "Fund");

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter contained, the parties hereto agree as follows:

         1. Copies of Corporate Documents. The Trust will furnish the Agent
promptly with copies of any Registration Statements now in effect or hereafter
filed by it with the Securities and Exchange Commission under the Securities Act
of 1933, as amended, or the Investment Company Act of 1940, as amended, together
with any financial statements and Exhibits included therein, and all amendments
or supplements thereto hereafter filed.

         2. Transfer of Shares. The Agent is authorized to transfer on our
records from time to time shares of a Fund for which certificates are
surrendered to the Agent in proper form for transfer, and, upon cancellation and
destruction thereof, to countersign, register and issue new certificates for the
same number of shares and to deliver them pursuant to instructions received from
the transferor. The Agent is authorized to transfer on our records from time to
time shares for which no certificates are issued upon surrender to the Agent of
sufficient documentation in proper form to effect such transfer.

         3. Share Certificates. Each Fund shall supply the Agent with a
sufficient supply of blank share certificates representing its shares, in the
form approved from time to time by the Board of Trustees of the Trust, and, from
time to time, shall replenish such supply upon the Agent's request. Such blank
stock certificates shall be properly signed, manually or by facsimile signature,
by the duly authorized officers of the Trust, and shall bear the corporate seal
or facsimile thereof of the Trust; and notwithstanding the death, resignation or
removal of any officer of the Trust authorized to sign such share certificates,
the Agent may continue to countersign certificates which bear the manual or
facsimile signature of such officer until otherwise directed by the Trust.

         4. Lost or Destroyed Certificates. In case of the alleged loss or
destruction of any certificate of stock, no new certificate shall be issued in
lieu thereof, unless there shall first be furnished an appropriate bond
satisfactory to the Agent and the Trust, and issued by Travelers Insurance
Company or a surety company satisfactory to the Agent.

         5. Receipt of Funds for Investment. Upon receipt of any check drawn or
endorsed to the Agent as agent for, or otherwise identified as being for the
account of, a Fund, the Trust, or AAL Distributors, Inc. as the distributor of
the Trust's shares (hereinafter referred to as the "Distributor"), the Agent
will stamp the check with the date of receipt, determine the amount thereof due
the appropriate Fund and the Distributor, respectively, deposit the portion due
the Distributor in its account with First Wisconsin Trust Company (hereinafter
referred to as "Custodian") or such other bank as may from time to time be
designated by the Distributor, deposit the net amount due the Fund in its
account with Custodian or any successor thereto as custodian for the Fund and
notify the Distributor and Custodian respectively, of such deposits, such
notification to be given as soon as practicable on the next business day stating
the total amount deposited to said accounts during the previous business day.
Such notification shall be confirmed in writing.

         6. Shareholder Accounts. Upon receipt of any check referred to in
paragraph 5 hereof, the Agent will compute the number of shares in the
appropriate Fund due to the shareholder according to the price of that Fund's
shares in effect for purchases made on the date of such receipt as set forth in
the Trust's then current Prospectus, and:

               (a) In  the  case  of a new  shareholder,  open  and  maintain  a
          bookshare  account for such shareholder in the appropriate Fund in the
          name or names set forth in the subscription application form;

               (b) If  specifically  requested  in writing  by the  shareholder,
          countersign,  issue and mail, by first class mail, to the  shareholder
          at his address as set forth on such  application,  a share certificate
          for full shares of the appropriate Fund;

               (c) Send to the shareholder a confirmation  indicating the amount
          of full and  fractional  shares  purchased  (in the case of fractional
          shares,  rounded to three decimal  places),  the price per share and a
          historical  confirmation of any transactions made on the shareholder's
          account  since  the  inception  of the  calendar  year in  which  such
          investment is made; and

               (d) In the case of a request to establish an  accumulation  plan,
          group program,  withdrawal plan or other plan or program being offered
          by the Trust's then current Prospectus, open and maintain such plan or
          program for the shareholder in accordance with the terms thereof;

          all subject to any reasonable  instructions  which the  Distributor or
          the Trust may give to the Agent with  respect to  rejection  of orders
          for shares.

         7. Unpaid Checks and Drafts. In the event that any check or other order
for payment of money on the account of any shareholder or new investor is
returned unpaid for any reason, the Agent will:

               (a) Give prompt notification to the Trust of such nonpayment; and

               (b) Take such other steps, including redepositing those checks in
          excess of $2500  for  collection  or  redelivering  such  check to the
          shareholder  or new investor and placing a stop transfer order against
          any  shares in any Fund held by him,  as the Trust or the  Distributor
          may instruct the Agent.

         8. Sales Charge. In computing the number of shares to credit the
account of a shareholder pursuant to paragraph 6 hereof, the Agent will
calculate the total of the applicable Distributor and representative sales
charges with respect to each purchase as set forth in the Trust's then current
Prospectus and in accordance with any notification filed with respect to
combined and accumulated purchases, qualifying group purchases, purchases with
proceeds from AAL and other qualifying life insurance and annuities or purchases
pursuant to a reinstatement or exchange privilege; the Agent will also determine
the portion of each sales charge payable by the Distributor to the
representative participating in the sale in accordance with such schedules as
are from time to time delivered by the Distributor to the Agent; provided,
however, the Agent shall have no liability hereunder growing out of the
incorrect selection by the Agent of the gross rate of sales charges except that
this exculpation shall not apply in the event the rate is specified by the
Distributor or the Trust and the Agent fails to select the rate specified.

         9. Dividends and Distributions. The Trust will promptly notify the
Agent of the declaration of any dividend or distribution with respect to shares
of any Fund. The Agent will, as soon as reasonab1y possible after the record
date of any such dividend or distribution, notify the Trust of the total number
of shares of that Fund issued and outstanding as of the record date for such
dividend or distribution and the amount of cash required to pay such dividend or
distribution. The Trust agrees that on or before the mailing date of such
dividend or distribution it will instruct First Wisconsin Trust Company (the
"Custodian Bank") to make available to the Agent sufficient funds in the
dividend and distribution account maintained by the particular Fund with the
Agent to pay such dividend and distribution. The Agent will prepare and mail to
shareholders any checks to which they are entitled by reason of any dividend or
distribution and, in the case of shareholders entitled to receive additional
shares by reason of any such dividend or distribution, the Agent will make
appropriate credits to their bookshare accounts or prepare and mail to
shareholders certificates, if any, in accordance with their requests submitted
in writing. No later than 1:00 P.M. on any dividend or distribution payment
date, the Agent shall inform the Trust of the total number of full and
fractional shares reinvested by shareholders of the particular Fund. Each such
shareholder shall be notified of any dividend and distribution, including the
amount of any reinvested shares and copies of such notices shall also be sent to
such shareholders' dealers.

         10. Repurchases and Redemptions. The Agent will receive and stamp with
the date all certificates and requests delivered to the Agent for repurchase or
redemption of shares of each Fund and the Agent will process such repurchases as
agent for the Distributor and such redemptions as agent for the particular Fund
as follows:

               (a) If such  certificate  or request  complies with the standards
          for repurchase or redemption as approved by the Trust, the Agent will,
          on or prior to the seventh  calendar day succeeding the receipt of any
          such request for  repurchase  or  redemption  in good order,  pay from
          funds  available  from time to time in the  repurchase  and redemption
          account  maintained  by  the  particular  Fund  with  Custodian,   the
          appropriate repurchase or redemption price, as the case may be, to the
          shareholder as set forth in the then current Prospectus of the Trust.

               (b) If such  certificate  or request  does not  comply  with said
          standards for repurchases or redemptions as approved by the Trust, the
          Agent will promptly notify the shareholder of such fact, together with
          the reason therefor, and shall effect such repurchase or redemption at
          the price in effect at the time of receipt of documents complying with
          said standards, or, in the case of a repurchase, at such other time as
          the  Distributor  shall so direct.  Notification  shall be provided by
          first-class  mail for  accounts of $5,000 or less,  and by  telephone,
          confirmed by a first-class  letter,  for accounts in excess of $5,000;
          and


<PAGE>

               (c) The Agent shall notify the Trust and the  Distributor as soon
          as practicable  for each business day of the total number of Shares of
          each Fund covered by requests for repurchase or redemption  which were
          received by the Agent in proper  form on the  previous  business  day,
          such notification to be confirmed in writing.

         11. Systematic Withdrawal Plans. The Agent will process systematic
withdrawal orders pursuant to the provisions of withdrawal plans duly executed
by shareholders and the current Prospectus of the Trust. Payment upon such
withdrawal orders shall be made by the Agent from the appropriate account
maintained by the particular Fund with Custodian approximately the fifteenth
(15th) day of each month in which a payment has been requested, and the Agent,
on or after the fifth business day prior to the payment date, will withdraw from
a shareholder's account and present for repurchase or redemption as many shares
of the particular Fund as shall be sufficient to make such withdrawal payment
pursuant to the provisions of the shareholder's withdrawal plan and the current
Prospectus of the Trust. From time to time on new systematic withdrawal plans, a
check for a payment date already past may be issued upon request by the
shareholder.

         12. Letters of Intent. The Agent will process such letters of intent
for investing shares of each Fund as are provided for in the Trust's current
Prospectus and the Agent will act as Escrow Agent pursuant to the terms of such
letters of intent (as incorporated from the Prospectus by the account
application form) duly executed by shareholders. The Agent will make appropriate
deposits to the account of the Distributor for the adjustment of sales charges
as therein provided and will currently report the same to the Distributor.

         13. Other Plans. The Agent will process such accumulation plans, group
programs, exchange programs, reinvestment programs and other plans or programs
for investing in shares of the Funds as are now provided for in the Trust's
current Prospectus and will act as plan agent for shareholders of each Fund
pursuant to the terms of such plans and programs duly executed by such
shareholders.

         14. Tax Returns and Reports. In the event that a Fund revises its
investment objectives and policies to provide for the payment of dividends and
other distributions to its shareholders, the Agent will prepare, file with the
Internal Revenue Service and, if required, mail to shareholders such returns for
reporting dividends and distributions paid by the Fund as are required to be so
prepared, filed and mailed by applicable laws, rules and regulations: and the
Agent will withhold such sums as are required to be withheld under applicable
Federal and State income tax law, rules and regulations.

         15. Record Keeping. The Agent will maintain records, which at all times
will be the property of the Trust and available for inspection by the Trust and
the Distributor, showing for each shareholder's account in each Fund the
following:

               (a) Name and address;

               (b)  Number  of  shares  held and  number  of  shares  for  which
          certificates have been issued:

               (c)  Historical  information  regarding the  particular  account,
          including  dividends and distributions paid and the date and price for
          all transactions on the account;

               (d) Any stop or restraining order placed against the account;

               (e) Any  instructions  as to withdrawal  orders under  withdrawal
          plans, letters of intent,  dividend address, and any correspondence or
          instructions relating to the current maintenance of the account.

The Agent shall be obligated to maintain at the Agent's expense those records
necessary to carry out the Agent's duties hereunder. The remaining records will
be preserved by the Agent, at the particular Fund's expense, in a manner that
shall be determined before any change in the status of said records is made by
the Agent.

         16. Other Information Furnished. The Agent will furnish to the Trust
and the Distributor such other information, including shareholder lists and
statistical information as may be agreed upon from time to time between the
Agent and the Trust. The Agent shall notify the Trust of any request or demand
to inspect the stock books of a Fund and will act upon the instructions of the
Trust as to permitting or refusing such inspection.

         17. Correspondence. The Agent will answer promptly that correspondence
from shareholders, representatives, the Trust and the Distributor relating to
the Agent's duties hereunder and such other correspondence as may from time to
time be mutually agreed upon between the Agent and the Trust.

         18. Communications to Shareholders and Meetings. The Agent will address
and mail communications by each Fund to its shareholders, including financial
reports to shareholders, proxy material for meetings of the shareholders and
periodic communications and publications to shareholders (including publications
to only those shareholders whose accounts in all of the Funds exceed in the
aggregate on amount specified in the Trust's current prospectus).

        19. Compensation. The Agent will receive a fee as specified in Schedule
A hereto, payable monthly by each Fund for each shareholder account existing in
that Fund during each month for the performance of all the Agent's duties and
responsibilities hereunder; provided that the Agent will be entitled to
reimbursement for postage expenses incurred in the mailing of all shareholder
communications and publications; and provided further that the Agent shall be
entitled to additional reasonable compensation on a time and materials basis in
connection with the annual proxy solicitation and any shareholder communications
in addition to those currently being distributed. From time to time, a Fund may
request additional reports, dates and/or services which will be provided by the
Agent in accordance with the mutual agreement of the parties hereto as to
additional reasonable fees. In addition, the Agent will be reimbursed by the
appropriate Fund for any out-of-pocket expenses or disbursements which the Agent
may reasonably incur in excess of the Agent's basic overhead expenses incurred
for providing such services to the particular Fund.

         20. Use of The Agent's Name. The Trust will not use the Agent's name in
any prospectus, sales literature or other material relating to a Fund or the
Trust in a manner not approved by the Agent in writing before such use;
provided, however, that the Agent hereby agrees to consent to all uses of the
Agent's name which merely refer in accurate terms to the Agent's appointments
hereunder or which are required by the Securities and Exchange Commission or a
state securities commission; and, provided further, that in no case will such
approval be unreasonably withheld.

        21. Duty of Care and Indemnification. The Agent shall at all times use
reasonable care and act in good faith in performing duties hereunder. Without
limiting the generality of the foregoing, the Agent shall not be liable or
responsible for delays or errors occurring by reason of circumstances beyond its
control, including acts of civil or military authority, national or state
emergencies, an announced employee strike significant enough to cease mutual
fund transfer operations, fire, mechanical breakdown, flood or catastrophe, acts
of God, insurrection, war, riots or failure of transportation, communication or
power supply. The Trust will indemnify and hold the Agent harmless against any
and all losses, claims, damages, liabilities or expenses (including reasonable
counsel fees and expenses) resulting from any claim, demand, action or suit not
resulting from the Agent's bad faith or negligence, and arising out of, or in
connection with the Agent's duties on behalf of the Trust hereunder. In
addition, the Trust will indemnify and hold the Agent harmless against any and
all losses, claims, damages, liabilities or expenses (including reasonable
counsel fees and expenses) resulting from any claim, demand, action or suit as a
result of the negligence of the Trust or the Distributor (unless contributed to
by the Agent's negligence or bad faith), or as a result of the Agent's acting
upon any instructions executed or orally communicated by a duly authorized
officer or employee of the Trust or the Distributor, according to such lists of
authorized officers and employees furnished the Agent and as amended from time
to time in writing by the President or Executive Vice President, or as a result
of acting in reliance upon any genuine instrument or stock certificate signed,
counter-signed or executed by any person or persons authorized to sign,
countersign or execute the same. In order for this paragraph to apply, it is
understood that if in any case the Trust may be asked to indemnify or hold the
Agent harmless, the Trust shall be advised of all pertinent facts concerning the
situation in question, and it is further understood that the Agent will use
reasonable care to identify and notify the Trustee promptly concerning any
situation which presents or appears likely to present a claim for
indemnification against the Trust. The Trust shall have the option to defend the
Agent against any claim which may be the subject of this indemnification and in
the event that the Trust so elects, it will so notify the Agent and thereupon
the Trust shall take over complete defense of the claim and the Agent shall
sustain no further legal or other expenses in such situation for which the Agent
shall seek indemnification under this paragraph. The Agent will in no case
confess any claim or make any compromise in any case in which the Trust will be
asked to indemnify the Agent except with the Trust's prior written consent.

         22. Notices. Notices or other communications hereunder shall be in
writing and shall be deemed effective when served or otherwise delivered to
either party hereto at the addresses set forth herein, or at such other
addresses as a party hereto may designate by notice to the other.

         23. Further Assurances. Each party agrees to perform such further acts
and execute such further documents as are necessary to effectuate the purposes
hereof.

         24. Termination. Neither this agreement nor any provisions hereof may
be changed, waived, discharged or terminated orally, but only by an instrument
in writing which shall make specific reference to this agreement and which shall
be signed by the party against which enforcement of such change, waiver,
discharge or termination is sought. After the first full year, this agreement
may be terminated upon six months' written notice given by one party to the
other, either in its entirety or as it applies to a particular Fund.

Upon termination of this agreement with respect to any Fund or Funds, the Trust
shall pay to the Agent such compensation as may be due to the Agent from each
such Fund as of the date of such termination, and shall likewise reimburse the
Agent for any out-of-pocket expenses and disbursements reasonably incurred by
the Agent to such date in connection with the Agent's services to each such
Fund. In the event that in connection with such termination a successor to any
of the Agent's duties or responsibilities hereunder is designated by the Trust
by written notice to the Agent, the Agent shall promptly upon such termination
and at the expense of the Trust, transfer to such successor a certified list of
the shareholders of each Fund as to which the agreement is so terminated (with
name, address and tax identification or Social Security number), a record of the
account of each shareholder of such Funds and the status thereof, and all other
relevant books, records and other data established or maintained by the Agent
under this agreement relating to such Funds and shall cooperate in the transfer
of such duties and responsibilities, including provision for assistance from the
Agent's cognizant personnel in the establishment of books, records and other
data by such successor.

         25. Remedies Available to Trust. The Trust's sole and exclusive
remedies under this agreement, in the event it is determined that the Agent is
in breach of its responsibilities and not entitled to indemnification, shall be:

               (a) termination; or

               (b) to collect damages directly and actually incurred in a sum up
          to but not in  excess  of fifty  percent  (50%)  of any fees  received
          during  the  period of 12 months  immediately  preceding  the  Agent's
          performance or failure to perform which  constitutes a material breach
          of this agreement; or

               (c) to submit a claim for  damages  directly  incurred by the the
          Trust  as a  consequence  of the  Agent's  failure  to  perform  which
          constituted a material breach of this agreement, and which act, nonact
          or event was covered under the Agent's Banker's Blanket Bond policy or
          policies,  in which event the Agent agrees to  indemnify  and save the
          Trust  harmless  solely to the extent of the Agent's  best  efforts to
          include the Trust's claim as a Loss Payee under the Agent's  filing of
          a Proof of Loss under such policy; or

               (d) at the  Agent's  own  expense to  reprocess  and  correct the
          Agent's administrative errors.

         IN NO EVENT SHALL THE AGENT BE LIABLE TO THE TRUST, ANY FUND THEREOF,
OR TO ANY THIRD PARTY, FOR ANY DAMAGES, OTHER THAN THOSE IN CLAUSE (b) ABOVE,
INCLUDING SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, LOSS OF FROFITS OR A LOSS
OF BUSINESS, ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT, EVEN IF
PREVIOUSLY INFORMED OF THE POSSIBILITY OF SUCH DAMAGES, AND REGARDLESS OF THE
FORM OF ACTION.

         26. Miscellaneous. This agreement shall be construed and enforced in
accordance with and governed by the internal laws of the State of Wisconsin. The
captions in this agreement are included for convenience of reference only and in
no way define or delimit any of the provisions hereof or otherwise affect their
construction or effect. This agreement may be executed simultaneously in two or
more counterparts, each of which shall be deemed an original, but all of which
taken together shall constitute one and the same instrument.


<PAGE>


        IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement
to be executed by its duly authorized officer on the date written above.


FIRST WISCONSIN TRUST COMPANY                THE AAL MUTUAL FUNDS
(the "Agent")                                (the "Trust")


By: /s/James N. Hintz                        By: /s/John H. Pender
----------------------------                     ----------------------------
Name: James N. Hintz                         Name: John H. Pender
      (type or print)                              (type or print)

Title: Vice President                        Title: President

Attest: /s/Andrea Lidolph                    Attest: /s/Robert G. Same
----------------------------                         ---------------------------
Andrea Lidolph                                       Robert G. Same
Assistant Secretary                                  Secretary




<PAGE>




                                AMENDMENT NO. 14
                                       TO
                 THE TRANSFER AND DIVIDEND DISBURSING AGREEMENT
                                     BETWEEN
                              THE AAL MUTUAL FUNDS
                            AND FIRSTAR TRUST COMPANY


Effective December 31, 1999, the Transfer and Dividend Disbursing Agent
Agreement ("Agreement"), dated June 15, 1987, between The AAL Mutual Funds and
Firstar Trust Company (f/k/a First Wisconsin Trust Company) is amended as
follows:

1.   Schedule A (Mutual Fund Shareholder Service Fee Schedule) to the Agreement,
     effective  as of  December  31,  1999,  is  amended  to add a The AAL Large
     Company  Index  Fund,  The AAL Mid Cap Index  Fund,  and The AAL Bond Index
     Fund.

An amended Schedule A, effective December 31, 1999 is attached hereto. All other
provisions of this Agreement, as amended, shall be in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Amendment No. 14 to be signed
by their duly authorized officers.



ATTEST                                       FIRSTAR TRUST COMPANY


By: /s/Michael R. McVoy                      By: /s/Joe D. Redwine
    ----------------------------                 ----------------------------
    Michael R. McVoy                             Joe D. Redwine


ATTEST:                                      THE AAL MUTUAL FUNDS


By: /s/Frederick D. Kelsven                  By: /s/Robert G. Same
    ----------------------------                 ----------------------------
    Frederick D. Kelsven, Secretary              Robert G. Same, President





                                   SCHEDULE A
                                       TO
           THE AAL MUTUAL FUNDS TRANSFER AND DIVIDEND DISBURSING AGENT
                   AGREEMENT BETWEEN THE AAL MUTUAL FUNDS AND
                              FIRSTAR TRUST COMPANY
                        MUTUAL FUND SHAREHOLDER SERVICES
            TRANSFER AGENCY FEE SCHEDULE EFFECTIVE DECEMBER 31, 1999

(Reflects  addition  of Index  Funds for one day - see  Amendment  No.15 for Fee
Schedules as of January 1, 2000)

1.   Annual Maintenance Fees

     A.   The AAL Capital Growth,  Bond,  Municipal Bond, Mid Cap (f/k/a The AAL
          Smaller  Company  Stock Fund,  Equity  Income (f/ka The AAL  Utilities
          Fund),  International,  Small Cap Stock,  High Yield  Bond,  Balanced,
          Large Company Index, Mid Cap Index, and Bond Index Funds.

          -    $13.00  per  account,  first  50,000  open  accounts;  $12.50 per
               account,  next 100,000 open  accounts;  $12.25 per account,  next
               350,000  open  accounts;  $12.00  per  account,  balance  of open
               accounts.

     B.   The AAL Target Funds

          -    $6.00 per open/closed account


     C.   The AAL Money Market Fund

          -    $15.00 per open account
          -    $6.00 per closed account

2.   Money Market Fund Drafts

          -    $1.50 each

3.       ACH (Automatic Clearing House)

          -    $125.00 per cycle
          -    $0.50 account set-up/charge
          -    $0.35 per item (EFT to account)
          -    $3.25 per correction/reversal/return

4.       IRA/403(b) Maintenance

          -    $12.50 per IRA or 403(b) account
          -    $25.00 cap for multiple IRA or 403(b)  accounts  with same social
               security  number  (Firstar  will charge  $12.50 per IRA or 403(b)
               account,  with a $25.00 cap for multiple  IRA or 403(b)  accounts
               with the same social security number.

5.       IRA/403(b) Miscellaneous

          -    Systematic Withdrawals - No Charge
          -    Direct Stock Rollovers - No Charge
          -    Transfers Out - No Charge
          -    Total Liquidations - No Charge
          -    Partial Liquidations - No Charge
          -    Transfers In - No Charge

6.       Other

     A.   Outgoing Wires

          -    $10.00 per wire

     B.   Stop Payment/Return Item Fee

          -    $20.00

     C.   All fees not paid by shareholders are billed monthly.

     D.   Out-of-pocket expenses are billed monthly.