<TABLE> <S> <C><ARTICLE>    6<CIK>    0000811869<NAME>    The AAL Mu<SERIES>    <NAME>    The AAL Balanced Fund Class I    <NUMBER>    123</SERIES><MULTIPLIER>    1<S>                                                      <C><PERIOD-TYPE>                                          6-MOS<PERIOD-START>                                   May-01-2000<FISCAL-YEAR-END>                                Apr-30-2001<PERIOD-END>                                     Oct-31-2000<INVESTMENTS-AT-COST>                            268,000,489<INVESTMENTS-AT-VALUE>                           300,403,095<RECEIVABLES>                                      2,674,012<ASSETS-OTHER>                                       104,139<OTHER-ITEMS-ASSETS>                                       0<TOTAL-ASSETS>                                   303,181,246<PAYABLE-FOR-SECURITIES>                                   0<SENIOR-LONG-TERM-DEBT>                                    0<OTHER-ITEMS-LIABILITIES>                            605,384<TOTAL-LIABILITIES>                                  605,384<SENIOR-EQUITY>                                            0<PAID-IN-CAPITAL-COMMON>                         277,174,845<SHARES-COMMON-STOCK>                                241,569<SHARES-COMMON-PRIOR>                                242,070<ACCUMULATED-NII-CURRENT>                            677,855<OVERDISTRIBUTION-NII>                                     0<ACCUMULATED-NET-GAINS>                          (7,679,444)<OVERDISTRIBUTION-GAINS>                                   0<ACCUM-APPREC-OR-DEPREC>                          32,402,606<NET-ASSETS>                                       3,059,259<DIVIDEND-INCOME>                                    627,629<INTEREST-INCOME>                                  5,411,020<OTHER-INCOME>                                             0<EXPENSES-NET>                                     1,574,741<NET-INVESTMENT-INCOME>                            4,463,908<REALIZED-GAINS-CURRENT>                             (5,061)<APPREC-INCREASE-CURRENT>                          6,203,081<NET-CHANGE-FROM-OPS>                             10,661,928<EQUALIZATION>                                             0<DISTRIBUTIONS-OF-INCOME>                           (54,214)<DISTRIBUTIONS-OF-GAINS>                                   0<DISTRIBUTIONS-OTHER>                                      0<NUMBER-OF-SHARES-SOLD>                               21,906<NUMBER-OF-SHARES-REDEEMED>                         (26,646)<SHARES-REINVESTED>                                    4,239<NET-CHANGE-IN-ASSETS>                            25,275,864<ACCUMULATED-NII-PRIOR>                              625,529<ACCUMULATED-GAINS-PRIOR>                        (7,674,383)<OVERDISTRIB-NII-PRIOR>                                    0<OVERDIST-NET-GAINS-PRIOR>                                 0<GROSS-ADVISORY-FEES>                                803,878<INTEREST-EXPENSE>                                         0<GROSS-EXPENSE>                                    1,599,486<AVERAGE-NET-ASSETS>                               3,107,347<PER-SHARE-NAV-BEGIN>                                   12.4<PER-SHARE-NII>                                         0.22<PER-SHARE-GAIN-APPREC>                                 0.27<PER-SHARE-DIVIDEND>                                  (0.22)<PER-SHARE-DISTRIBUTIONS>                                  0<RETURNS-OF-CAPITAL>                                       0<PER-SHARE-NAV-END>                                    12.67<EXPENSE-RATIO>                                          0.6<FN></FN></TABLE>