<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811869
<NAME> THE AAL MUTUAL FUNDS
<SERIES>
   <NUMBER> 033
   <NAME> THE AAL MUNICIPAL BOND FUND CLASS I
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1999
<PERIOD-START>                             MAY-01-1998
<PERIOD-END>                               OCT-30-1998
<INVESTMENTS-AT-COST>                        468930657
<INVESTMENTS-AT-VALUE>                       507485676
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                             4497
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<REALIZED-GAINS-CURRENT>                       5003272
<APPREC-INCREASE-CURRENT>                      9212971
<NET-CHANGE-FROM-OPS>                         25142970
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1216)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                104
<NET-CHANGE-IN-ASSETS>                        37252863
<ACCUMULATED-NII-PRIOR>                        (47081)
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<GROSS-ADVISORY-FEES>                          1126046
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2026080
<AVERAGE-NET-ASSETS>                             51525
<PER-SHARE-NAV-BEGIN>                            11.40
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                            .34
<PER-SHARE-DIVIDEND>                             (.27)
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<EXPENSE-RATIO>                                    .58
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>