<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811869
<NAME> THE AAL MUTUAL FUNDS
<SERIES>
   <NUMBER> 023
   <NAME> THE AAL BOND 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>                        378740932
<INVESTMENTS-AT-VALUE>                       381612625
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<TOTAL-ASSETS>                               384812118
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       725381
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     391670281
<SHARES-COMMON-STOCK>                          2928651
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        96451
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (10551688)
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<APPREC-INCREASE-CURRENT>                      4006350
<NET-CHANGE-FROM-OPS>                         36120778
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (495340)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                        2928980
<NUMBER-OF-SHARES-REDEEMED>                    (11686)
<SHARES-REINVESTED>                              11357
<NET-CHANGE-IN-ASSETS>                       (5646874)
<ACCUMULATED-NII-PRIOR>                          96451
<ACCUMULATED-GAINS-PRIOR>                   (20454341)
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<GROSS-ADVISORY-FEES>                          1921733
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3620320
<AVERAGE-NET-ASSETS>                          20891974
<PER-SHARE-NAV-BEGIN>                            10.06
<PER-SHARE-NII>                                   .197
<PER-SHARE-GAIN-APPREC>                         (.070)
<PER-SHARE-DIVIDEND>                            (.197)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.99
<EXPENSE-RATIO>                                    .56
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>