AMENDMENT NO. 1 TO TRANSFER AGENCY SERVICES AGREEMENT

AMENDMENT NO. 1
TO
TRANSFER AGENCY SERVICES AGREEMENT

Effective July 17, 2001, The Transfer Agency Services Agreement (Agreement) dated February 1, 2001, between PFPC, INC. and The AAL Mutual Funds is amended as follows:

1. Exhibit A to the Agreement is amended to add The AAL Small Cap Value Fund.

A revised Exhibit A, effective as of the date of this Amendment No. 1 is attached an incorporated herein.

IN WITNESS WHEREOF the parties hereto have caused this Amendment to be signed by the respective officers effective as of July 17, 2001.

ATTEST                                          PFPC INC.


By: /s/▇▇▇▇▇▇ ▇▇▇▇                         By: /s/▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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ATTEST                                          THE AAL MUTUAL FUNDS


By: /s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇                 By: /s/▇▇▇▇▇▇ ▇. Same
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EXHIBIT A
TO
TRANSFER AGENCY SERVICES AGREEMENT
(EFFECTIVE JULY 17, 2001)

1. The AAL Technology Stock Fund
   
   
2. The AAL Aggressive Growth Fund
   
   
3. The AAL Small Cap Stock Fund
   
   
4. The AAL Small Cap Index Fund II
   
   
5. The AAL Mid Cap Stock Fund
   
   
6. The AAL Mid Cap Index Fund
   
   
7. The AAL Mid Cap Index Fund II
   
   
8. The AAL International Fund
   
   
9. The AAL Capital Growth Fund
   
   
10. The AAL Large Company Index Fund
    
    
11. The AAL Large Company Index Fund II
    
    
12. The AAL Equity Income Fund
    
    
13. The AAL Balanced Fund
    
    
14. The AAL High Yield Bond Fund
    
    
15. The AAL Municipal Bond Fund
    
    
16. The AAL Bond Fund
    
    
17. The AAL Bond Index Fund
    
    
18. The AAL Money Market Fund
    
    
19. The AAL U.S Government Zero Coupon Target Fund, Series 2001
    
    
20. The AAL U.S Government Zero Coupon Target Fund, Series 2006
    
    
21. The AAL Small Cap Value Fund