Report of Independent Accountants



To the Trustees of The AAL Mutual Funds

In planning and performing our audits of the financial statements of The AAL
Technology Stock Fund, The AAL Aggressive Growth Fund, The AAL Small Cap Stock
Fund, The AAL Mid Cap Stock Fund, The AAL International Fund, The AAL Capital
Growth Fund, The AAL Equity Income Fund, The AAL Balanced Fund, The AAL Small
Cap Index Fund II, The AAL Mid Cap Index Fund, The AAL Mid Cap Index Fund II,
The AAL Large Company Index Fund, The AAL Large Company Index Fund II, The AAL
Bond Index Fund, The AAL High Yield Bond Fund, The AAL Municipal Bond Fund , The
AAL Bond Fund, The AAL Money Market Fund, The AAL U.S. Government Zero Coupon
Target Fund, Series 2001 and The AAL U.S. Government Zero Coupon Target Fund,
Series 2006, the portfolios of The AAL Mutual Funds (the "Funds") for the period
ended April 30, 2001, we considered the Funds' internal control, including
control activities for safeguarding securities, in order to determine our
auditing procedures for the purposes of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide
assurance on internal control.

The management of the Funds is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.

Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of their design and
operation may deteriorate.

Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
April 30, 2001.

This report is intended solely for the information and use of management and the
Securities and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.



PricewaterhouseCoopers LLP
Milwaukee, Wisconsin
May 21, 2001