AMENDMENT NO. 4 TO ADMINISTRATIVE SERVICES AGREEMENT

AMENDMENT NO. 4
TO
ADMINISTRATIVE SERVICES AGREEMENT

The Administrative Services Agreement between The AAL Mutual Funds and Aid Association for Lutherans, effective January 1, 1999, is hereby amended, effective July 17, 2001 as follows:

Schedule C, Contract Fee Schedule, is modified to increase the applicable fees for each fund listed in Schedule B, attached and incorporated herein and restated. A revised Schedule C, effective as of the date of this Amendment No. 4, is attached and 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:                                      THE AAL MUTUAL FUNDS


By: /s/Xxxxxxxxx X. Xxxxxxx                 By: /s/Xxxxxx X. Same
    --------------------------                  ----------------------------
    Xxxxxxxxx X. Xxxxxxx                        Xxxxxx X. Same



ATTEST:                                      AAL CAPITAL MANAGEMENT CORPORATION


By: /s/Xxxxxxxxx X. Xxxxxxx                 By: /s/Xxxxxx X. Same
    --------------------------                  ----------------------------
    Xxxxxxxxx X. Xxxxxxx                        Xxxxxx X. Same

SCHEDULE B

List of Funds

Effective July 17, 2000

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

SCHEDULE C Contract Fee Schedule Effective March 1, 2001

 1.  The AAL Capital Growth Fund                                        $55,000
 2.  The AAL Bond Fund                                                  $50,000
 3.  The AAL Municipal Bond Fund                                        $50,000
 4.  The AAL Money Market Fund                                          $50,000
 5.  The AAL Mid Cap Stock Fund                                         $55,000
 6.  The AAL Small Cap Stock Fund                                       $55,000
 7.  The AAL International Fund                                         $60,000
 8.  The AAL Equity Income Fund                                         $55,000
 9.  The AAL Balanced Fund                                              $55,000
10.  The AAL High Yield Bond Fund                                       $50,000
11.  The AAL U.S. Government Zero Coupon Target Fund, Series 2001        $1,000
12.  The AAL U.S. Government Zero Coupon Target Fund, Series 2006        $1,000
13.  The AAL Large Company Index Fund                                   $35,000
14.  The AAL Mid Cap Index Fund                                         $35,000
15.  The AAL Bond Index Fund                                            $35,000
16.  The AAL Large Company Index Fund II                                $37,500
17.  The AAL Mid Cap Index Fund II                                      $37,500
18.  The AAL Small Cap Index Fund II                                    $37,500
19.  The AAL Aggressive Growth Fund                                     $40,000
20.  The AAL Technology Stock Fund                                      $40,000
21.  The AAL Small Cap Value Fund                                       $40,000