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AMERICAN AADVANTAGE FUNDS
Institutional Class
Supplement dated April 1, 1996
to the Prospectus dated March 1, 1996
1) At a meeting of shareholders of the Balanced Fund, the Growth and
Income Fund and International Equity Fund, Brandywine Asset Management,
Inc., ("Brandywine") and Boatmen's Trust Company ("Boatmen's") were
approved as advisers to the Balanced Fund and the Growth and Income Fund
and Rowe Price-Fleming International, Inc. ("Fleming") was approved as an
adviser to the International Equity Fund. AMR Investment Services, Inc.
(the "Manager") does not currently intend to allocate assets to Boatmen's
or Fleming. Effective April 1, 1996, the Manager will allocate the assets
of the Balanced Fund and the Growth and Income Fund managed by Capital
Guardian Trust Company to Brandywine and the other advisers to those
Funds.
2) The fee schedule for Brandywine on page 32 has been revised as
follows:
AMR Investment Services, Inc. (the "Manager") pays
Brandywine for the first $500 million of assets under its
discretionary management, an annualized fee equal to
.225% of assets in the Growth and Income Portfolio and
.25% of assets in the Balanced Portfolio; .225% of the
next $100 million on all assets and .20% on all excess.
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AMERICAN AADVANTAGE FUNDS
PlanAhead Class
Supplement dated April 1, 1996
to the Prospectus dated March 1, 1996
1) At a meeting of shareholders of the Balanced Fund, the Growth and
Income Fund and International Equity Fund, Brandywine Asset Management,
Inc., ("Brandywine") and Boatmen's Trust Company ("Boatmen's") were
approved as advisers to the Balanced Fund and the Growth and Income Fund
and Rowe Price-Fleming International, Inc. ("Fleming") was approved as an
adviser to the International Equity Fund. AMR Investment Services, Inc.
(the "Manager") does not currently intend to allocate assets to Boatmen's
or Fleming. Effective April 1, 1996, the Manager will allocate the assets
of the Balanced Fund and the Growth and Income Fund managed by Capital
Guardian Trust Company to Brandywine and the other advisers to those
Funds.
2) The fee schedule for Brandywine on page 33 has been revised as
follows:
AMR Investment Services, Inc. (the "Manager") pays
Brandywine for the first $500 million of assets under its
discretionary management, an annualized fee equal to
.225% of assets in the Growth and Income Portfolio and
.25% of assets in the Balanced Portfolio; .225% of the
next $100 million on all assets and .20% on all excess.
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AMERICAN AADVANTAGE FUNDS
AMR Class
Supplement dated April 1, 1996
to the Prospectus dated March 1, 1996
1) At a meeting of shareholders of the Balanced Fund, the Growth and
Income Fund and International Equity Fund, Brandywine Asset Management,
Inc., ("Brandywine") and Boatmen's Trust Company ("Boatmen's") were
approved as advisers to the Balanced Fund and the Growth and Income Fund
and Rowe Price-Fleming International, Inc. ("Fleming") was approved as an
adviser to the International Equity Fund. AMR Investment Services, Inc.
(the "Manager") does not currently intend to allocate assets to Boatmen's
or Fleming. Effective April 1, 1996, the Manager will allocate the assets
of the Balanced Fund and the Growth and Income Fund managed by Capital
Guardian Trust Company to Brandywine and the other advisers to those
Funds.
2) The fee schedule for Brandywine on page 26 has been revised as
follows:
AMR Investment Services, Inc. (the "Manager") pays
Brandywine for the first $500 million of assets under its
discretionary management, an annualized fee equal to
.225% of assets in the Growth and Income Portfolio and
.25% of assets in the Balanced Portfolio; .225% of the
next $100 million on all assets and .20% on all excess.
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