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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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075 A000800 24090
075 B000800 0
076 000800 0.00
080 A000800 AMERICAN INTERNATIONAL LINES INSURANCE CO
080 C000800 6000
081 A000800 Y
081 B000800 7
082 A000800 Y
082 B000800 50
SIGNATURE JANICE B. SCHWARZ
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND-INSTIT. CLASS
<SERIES>
<NUMBER> 011
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND-INSTIT. CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 992,985
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 992,985
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 111
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 733,290
<SHARES-COMMON-STOCK> 4,804<F1>
<SHARES-COMMON-PRIOR> 4,500
<ACCUMULATED-NII-CURRENT> 6,908
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44,230
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 280,446
<NET-ASSETS> 992,874
<DIVIDEND-INCOME> 12,649
<INTEREST-INCOME> 1,533
<OTHER-INCOME> 8
<EXPENSES-NET> 1,652
<NET-INVESTMENT-INCOME> 12,538
<REALIZED-GAINS-CURRENT> 44,311
<APPREC-INCREASE-CURRENT> 69,379
<NET-CHANGE-FROM-OPS> 126,228
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,936
<DISTRIBUTIONS-OF-GAINS> 2,653
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 837
<NUMBER-OF-SHARES-REDEEMED> 800
<SHARES-REINVESTED> 266
<NET-CHANGE-IN-ASSETS> 207,360
<ACCUMULATED-NII-PRIOR> 16,460
<ACCUMULATED-GAINS-PRIOR> 28,468
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 155
<AVERAGE-NET-ASSETS> 902,644
<PER-SHARE-NAV-BEGIN> 15.91
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 2.16
<PER-SHARE-DIVIDEND> 0.41
<PER-SHARE-DISTRIBUTIONS> 0.57
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.30
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 012
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND-PLANAHEAD CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 992,985
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 992,985
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 111
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 733,290
<SHARES-COMMON-STOCK> 661<F1>
<SHARES-COMMON-PRIOR> 305
<ACCUMULATED-NII-CURRENT> 6,908
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44,230
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 208,446
<NET-ASSETS> 992,874
<DIVIDEND-INCOME> 12,649
<INTEREST-INCOME> 1,533
<OTHER-INCOME> 8
<EXPENSES-NET> 1,652
<NET-INVESTMENT-INCOME> 12,538
<REALIZED-GAINS-CURRENT> 44,311
<APPREC-INCREASE-CURRENT> 69,379
<NET-CHANGE-FROM-OPS> 126,228
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 143
<DISTRIBUTIONS-OF-GAINS> 202
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 417
<NUMBER-OF-SHARES-REDEEMED> 70
<SHARES-REINVESTED> 9
<NET-CHANGE-IN-ASSETS> 207,360
<ACCUMULATED-NII-PRIOR> 16,460
<ACCUMULATED-GAINS-PRIOR> 28,468
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 902,644
<PER-SHARE-NAV-BEGIN> 15.81
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 2.14
<PER-SHARE-DIVIDEND> 0.40
<PER-SHARE-DISTRIBUTIONS> 0.57
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.17
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND-AMR CLASS
<SERIES>
<NUMBER> 013
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND-AMR CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 992,985
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 992,985
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 111
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 733,290
<SHARES-COMMON-STOCK> 51,826<F1>
<SHARES-COMMON-PRIOR> 44,325
<ACCUMULATED-NII-CURRENT> 6,908
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44,230
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 208,446
<NET-ASSETS> 992,874
<DIVIDEND-INCOME> 12,649
<INTEREST-INCOME> 1,533
<OTHER-INCOME> 8
<EXPENSES-NET> 1,652
<NET-INVESTMENT-INCOME> 12,538
<REALIZED-GAINS-CURRENT> 44,311
<APPREC-INCREASE-CURRENT> 69,379
<NET-CHANGE-FROM-OPS> 126,228
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20,011
<DISTRIBUTIONS-OF-GAINS> 25,694
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,750
<NUMBER-OF-SHARES-REDEEMED> 1,082
<SHARES-REINVESTED> 2,834
<NET-CHANGE-IN-ASSETS> 207,360
<ACCUMULATED-NII-PRIOR> 16,460
<ACCUMULATED-GAINS-PRIOR> 28,468
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 902,644
<PER-SHARE-NAV-BEGIN> 15.95
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 2.17
<PER-SHARE-DIVIDEND> 0.44
<PER-SHARE-DISTRIBUTIONS> 0.57
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.34
<EXPENSE-RATIO> 0.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AMR CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE BALANCED FUND-INSTITUTIONAL CLASS
<SERIES>
<NUMBER> 021
<NAME> AMERICAN AADVANTAGE BALANCED FUND-INSTITUTIONAL CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 864,402
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 864,402
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 266
<TOTAL-LIABILITIES> 266
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 684,324
<SHARES-COMMON-STOCK> 19,315<F1>
<SHARES-COMMON-PRIOR> 17,916
<ACCUMULATED-NII-CURRENT> 10,115
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,275
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 136,422
<NET-ASSETS> 864,136
<DIVIDEND-INCOME> 7,859
<INTEREST-INCOME> 11,375
<OTHER-INCOME> 20
<EXPENSES-NET> 1,873
<NET-INVESTMENT-INCOME> 17,381
<REALIZED-GAINS-CURRENT> 32,831
<APPREC-INCREASE-CURRENT> 27,871
<NET-CHANGE-FROM-OPS> 78,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,135
<DISTRIBUTIONS-OF-GAINS> 7,867
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,680
<NUMBER-OF-SHARES-REDEEMED> 1,568
<SHARES-REINVESTED> 1,286
<NET-CHANGE-IN-ASSETS> 65,123
<ACCUMULATED-NII-PRIOR> 26,077
<ACCUMULATED-GAINS-PRIOR> 25,312
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 856,299
<PER-SHARE-NAV-BEGIN> 13.95
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 1.02
<PER-SHARE-DIVIDEND> 0.57
<PER-SHARE-DISTRIBUTIONS> 0.44
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.25
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE BALANCED FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 022
<NAME> AMERICAN AADVANTAGE BALANCED FUND-PLANAHEAD CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 864,402
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 864,402
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 266
<TOTAL-LIABILITIES> 266
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 684,324
<SHARES-COMMON-STOCK> 679<F1>
<SHARES-COMMON-PRIOR> 392
<ACCUMULATED-NII-CURRENT> 10,115
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,275
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 136,422
<NET-ASSETS> 864,136
<DIVIDEND-INCOME> 7,859
<INTEREST-INCOME> 11,375
<OTHER-INCOME> 20
<EXPENSES-NET> 1,873
<NET-INVESTMENT-INCOME> 17,381
<REALIZED-GAINS-CURRENT> 32,831
<APPREC-INCREASE-CURRENT> 27,871
<NET-CHANGE-FROM-OPS> 78,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 238
<DISTRIBUTIONS-OF-GAINS> 187
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 322
<NUMBER-OF-SHARES-REDEEMED> 53
<SHARES-REINVESTED> 17
<NET-CHANGE-IN-ASSETS> 65,123
<ACCUMULATED-NII-PRIOR> 26,077
<ACCUMULATED-GAINS-PRIOR> 25,312
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 856,299
<PER-SHARE-NAV-BEGIN> 13.90
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 1.01
<PER-SHARE-DIVIDEND> 0.56
<PER-SHARE-DISTRIBUTIONS> 0.44
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.18
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND
LIABILITIES, FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE BALANCED FUND-AMR CLASS
<SERIES>
<NUMBER> 023
<NAME> AMERICAN AADVANTAGE BALANCED FUND-AMR CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 864,402
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 864,402
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 266
<TOTAL-LIABILITIES> 266
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 684,324
<SHARES-COMMON-STOCK> 40,585<F1>
<SHARES-COMMON-PRIOR> 38,819
<ACCUMULATED-NII-CURRENT> 10,115
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,275
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 136,422
<NET-ASSETS> 864,136
<DIVIDEND-INCOME> 7,859
<INTEREST-INCOME> 11,375
<OTHER-INCOME> 20
<EXPENSES-NET> 1,873
<NET-INVESTMENT-INCOME> 17,381
<REALIZED-GAINS-CURRENT> 32,831
<APPREC-INCREASE-CURRENT> 27,871
<NET-CHANGE-FROM-OPS> 78,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,970
<DISTRIBUTIONS-OF-GAINS> 16,814
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,417
<NUMBER-OF-SHARES-REDEEMED> 5,540
<SHARES-REINVESTED> 2,889
<NET-CHANGE-IN-ASSETS> 65,123
<ACCUMULATED-NII-PRIOR> 26,077
<ACCUMULATED-GAINS-PRIOR> 25,312
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 856,299
<PER-SHARE-NAV-BEGIN> 13.98
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0.60
<PER-SHARE-DISTRIBUTIONS> 0.44
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.27
<EXPENSE-RATIO> 0.36
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AMR CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FRON AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND-INSTITUTIONAL CLASS
<SERIES>
<NUMBER> 031
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND-INSTITUITONAL CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,510,952
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,510,952
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,767
<TOTAL-LIABILITIES> 6,767
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,504,185
<SHARES-COMMON-STOCK> 1,349,584<F1>
<SHARES-COMMON-PRIOR> 1,206,041
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,504,185
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 40,136
<OTHER-INCOME> 0
<EXPENSES-NET> 1,891
<NET-INVESTMENT-INCOME> 38,245
<REALIZED-GAINS-CURRENT> 39
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 38,284
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 35,828
<DISTRIBUTIONS-OF-GAINS> 36
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,044,975
<NUMBER-OF-SHARES-REDEEMED> 4,924,321
<SHARES-REINVESTED> 22,889
<NET-CHANGE-IN-ASSETS> 155,870
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,410,386
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FRON AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 032
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND-PLANAHEAD CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,510,952
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,510,952
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,767
<TOTAL-LIABILITIES> 6,767
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,504,185
<SHARES-COMMON-STOCK> 56,960<F1>
<SHARES-COMMON-PRIOR> 41,989
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,504,185
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 40,136
<OTHER-INCOME> 0
<EXPENSES-NET> 1,891
<NET-INVESTMENT-INCOME> 38,245
<REALIZED-GAINS-CURRENT> 39
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 38,284
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,279
<DISTRIBUTIONS-OF-GAINS> 2
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 71,829
<NUMBER-OF-SHARES-REDEEMED> 58,044
<SHARES-REINVESTED> 1,186
<NET-CHANGE-IN-ASSETS> 155,870
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,410,386
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FRON AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND-PLATINUM CLASS
<SERIES>
<NUMBER> 034
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND-PLATINUM CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,510,952
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,510,952
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,767
<TOTAL-LIABILITIES> 6,767
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,504,185
<SHARES-COMMON-STOCK> 97,641<F1>
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,504,185
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 40,136
<OTHER-INCOME> 0
<EXPENSES-NET> 1,891
<NET-INVESTMENT-INCOME> 38,245
<REALIZED-GAINS-CURRENT> 39
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 38,284
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,118
<DISTRIBUTIONS-OF-GAINS> 2
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 125,899
<NUMBER-OF-SHARES-REDEEMED> 29,008
<SHARES-REINVESTED> 750
<NET-CHANGE-IN-ASSETS> 155,870
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,410,386
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLATINUM CLASS. PLATINUM CLASS INCEPTION 11/7/95
PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-INSTIT. CLASS
<SERIES>
<NUMBER> 041
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-INSTIT. CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 184,327
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 184,327
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,082
<TOTAL-LIABILITIES> 1,082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 191,840
<SHARES-COMMON-STOCK> 11,937<F1>
<SHARES-COMMON-PRIOR> 13,983
<ACCUMULATED-NII-CURRENT> 53
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,088)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,560)
<NET-ASSETS> 183,245
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,444
<OTHER-INCOME> 1
<EXPENSES-NET> 464
<NET-INVESTMENT-INCOME> 5,981
<REALIZED-GAINS-CURRENT> (86)
<APPREC-INCREASE-CURRENT> (3,623)
<NET-CHANGE-FROM-OPS> 2,272
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,795
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,138
<NUMBER-OF-SHARES-REDEEMED> 4,498
<SHARES-REINVESTED> 314
<NET-CHANGE-IN-ASSETS> (20,801)
<ACCUMULATED-NII-PRIOR> 53
<ACCUMULATED-GAINS-PRIOR> (5,002)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 182,992
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> 0.32
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.62
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 042
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-PLANAHEAD CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 184,327
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 184,327
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,082
<TOTAL-LIABILITIES> 1,082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 191,840
<SHARES-COMMON-STOCK> 250<F1>
<SHARES-COMMON-PRIOR> 160
<ACCUMULATED-NII-CURRENT> 53
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,088)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,560)
<NET-ASSETS> 183,245
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,444
<OTHER-INCOME> 1
<EXPENSES-NET> 464
<NET-INVESTMENT-INCOME> 5,981
<REALIZED-GAINS-CURRENT> (86)
<APPREC-INCREASE-CURRENT> (3,623)
<NET-CHANGE-FROM-OPS> 2,272
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 59
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 101
<NUMBER-OF-SHARES-REDEEMED> 17
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> (20,801)
<ACCUMULATED-NII-PRIOR> 53
<ACCUMULATED-GAINS-PRIOR> (5,002)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 182,992
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.20)
<PER-SHARE-DIVIDEND> 0.31
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.62
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-AMR CLASS
<SERIES>
<NUMBER> 043
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-AMR CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 184,327
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 184,327
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,082
<TOTAL-LIABILITIES> 1,082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 191,840
<SHARES-COMMON-STOCK> 6,866<F1>
<SHARES-COMMON-PRIOR> 6,581
<ACCUMULATED-NII-CURRENT> 53
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,088)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,560)
<NET-ASSETS> 183,245
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,444
<OTHER-INCOME> 1
<EXPENSES-NET> 464
<NET-INVESTMENT-INCOME> 5,981
<REALIZED-GAINS-CURRENT> (86)
<APPREC-INCREASE-CURRENT> (3,623)
<NET-CHANGE-FROM-OPS> 2,272
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,127
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 751
<NUMBER-OF-SHARES-REDEEMED> 682
<SHARES-REINVESTED> 216
<NET-CHANGE-IN-ASSETS> (20,801)
<ACCUMULATED-NII-PRIOR> 53
<ACCUMULATED-GAINS-PRIOR> (5,002)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 182,992
<PER-SHARE-NAV-BEGIN> 9.81
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> (0.19)
<PER-SHARE-DIVIDEND> 0.33
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.62
<EXPENSE-RATIO> 0.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> AMR CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTE FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND-INSTIT. CLASS
<SERIES>
<NUMBER> 051
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND-INSTIT. CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 322,649
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 322,649
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49
<TOTAL-LIABILITIES> 49
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 264,732
<SHARES-COMMON-STOCK> 2,782<F1>
<SHARES-COMMON-PRIOR> 1,939
<ACCUMULATED-NII-CURRENT> 2,694
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,484
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 50,690
<NET-ASSETS> 322,600
<DIVIDEND-INCOME> 3,326
<INTEREST-INCOME> 554
<OTHER-INCOME> 15
<EXPENSES-NET> 878
<NET-INVESTMENT-INCOME> 3,017
<REALIZED-GAINS-CURRENT> 5,295
<APPREC-INCREASE-CURRENT> 27,658
<NET-CHANGE-FROM-OPS> 35,970
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 607
<DISTRIBUTIONS-OF-GAINS> 546
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 915
<NUMBER-OF-SHARES-REDEEMED> 134
<SHARES-REINVESTED> 63
<NET-CHANGE-IN-ASSETS> 66,193
<ACCUMULATED-NII-PRIOR> 5,440
<ACCUMULATED-GAINS-PRIOR> 3,936
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 286,435
<PER-SHARE-NAV-BEGIN> 13.29
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 1.59
<PER-SHARE-DIVIDEND> 0.27
<PER-SHARE-DISTRIBUTIONS> 0.24
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.50
<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND
LIABILITIES, FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND-PLANAHEAD CLAS
<SERIES>
<NUMBER> 052
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND-PLANAHEAD CLSS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 322,649
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 322,649
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49
<TOTAL-LIABILITIES> 49
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 264,732
<SHARES-COMMON-STOCK> 204<F1>
<SHARES-COMMON-PRIOR> 110
<ACCUMULATED-NII-CURRENT> 2,694
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,484
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 50,690
<NET-ASSETS> 322,600
<DIVIDEND-INCOME> 3,326
<INTEREST-INCOME> 554
<OTHER-INCOME> 15
<EXPENSES-NET> 878
<NET-INVESTMENT-INCOME> 3,017
<REALIZED-GAINS-CURRENT> 5,295
<APPREC-INCREASE-CURRENT> 27,658
<NET-CHANGE-FROM-OPS> 35,970
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 31
<DISTRIBUTIONS-OF-GAINS> 31
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 221
<NUMBER-OF-SHARES-REDEEMED> 129
<SHARES-REINVESTED> 2
<NET-CHANGE-IN-ASSETS> 66,193
<ACCUMULATED-NII-PRIOR> 5,440
<ACCUMULATED-GAINS-PRIOR> 3,936
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 286,435
<PER-SHARE-NAV-BEGIN> 13.20
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 1.58
<PER-SHARE-DIVIDEND> 0.24
<PER-SHARE-DISTRIBUTIONS> 0.24
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.41
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHTLIGHTS AND CHANGESS IN NET ASSETS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND-AMR CLASS
<SERIES>
<NUMBER> 053
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND-AMR CLASS
<MULTIPLIER> 1000
<CURRENCY> US DOLLAR
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> APR-30-1996
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 322,649
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 322,649
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49
<TOTAL-LIABILITIES> 49
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 264,732
<SHARES-COMMON-STOCK> 19,242<F1>
<SHARES-COMMON-PRIOR> 17,123
<ACCUMULATED-NII-CURRENT> 2,694
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,484
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 50,690
<NET-ASSETS> 322,600
<DIVIDEND-INCOME> 3,326
<INTEREST-INCOME> 554
<OTHER-INCOME> 15
<EXPENSES-NET> 878
<NET-INVESTMENT-INCOME> 3,017
<REALIZED-GAINS-CURRENT> 5,295
<APPREC-INCREASE-CURRENT> 27,658
<NET-CHANGE-FROM-OPS> 35,970
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,125
<DISTRIBUTIONS-OF-GAINS> 4,170
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,363
<NUMBER-OF-SHARES-REDEEMED> 936
<SHARES-REINVESTED> 693
<NET-CHANGE-IN-ASSETS> 66,193
<ACCUMULATED-NII-PRIOR> 5,440
<ACCUMULATED-GAINS-PRIOR> 3,936
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 286,435
<PER-SHARE-NAV-BEGIN> 13.31
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> 1.61
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0.24
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.52
<EXPENSE-RATIO> 0.58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AMR CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETSAND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE US TREASURY MONEY MKT FUND-INSTIT. CLASS
<SERIES>
<NUMBER> 071
<NAME> AMERICAN AADVANTAGE US TREASURY MONEY MKT FUND-INSTIT. CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 98,713
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,713
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 483
<TOTAL-LIABILITIES> 483
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,230
<SHARES-COMMON-STOCK> 24,843<F1>
<SHARES-COMMON-PRIOR> 47,184
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 98,230
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,150
<OTHER-INCOME> 0
<EXPENSES-NET> 257
<NET-INVESTMENT-INCOME> 1,893
<REALIZED-GAINS-CURRENT> 31
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,924
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,004
<DISTRIBUTIONS-OF-GAINS> 13
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 42,918
<NUMBER-OF-SHARES-REDEEMED> 66,081
<SHARES-REINVESTED> 822
<NET-CHANGE-IN-ASSETS> 43,544
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 79,109
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETSAND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE US TREASURY MONEY MKT FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 072
<NAME> AMERICAN AADVANTAGE US TREASURY MNY MKT FUND-PLANAHEAD CL.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 98,713
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,713
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 483
<TOTAL-LIABILITIES> 483
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,230
<SHARES-COMMON-STOCK> 1,161<F1>
<SHARES-COMMON-PRIOR> 530
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 98,230
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,150
<OTHER-INCOME> 0
<EXPENSES-NET> 257
<NET-INVESTMENT-INCOME> 1,893
<REALIZED-GAINS-CURRENT> 31
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,924
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,152
<NUMBER-OF-SHARES-REDEEMED> 539
<SHARES-REINVESTED> 19
<NET-CHANGE-IN-ASSETS> 43,544
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 79,109
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE US TREASURY MONEY MKT FD-PLATINUM CLASS
<SERIES>
<NUMBER> 074
<NAME> AMERICAN AADVANTAGE US TREASURY MONEY MKT FD-PLATINUM CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 98,713
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,713
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 483
<TOTAL-LIABILITIES> 483
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,230
<SHARES-COMMON-STOCK> 72,226<F1>
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 98,230
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,150
<OTHER-INCOME> 0
<EXPENSES-NET> 257
<NET-INVESTMENT-INCOME> 1,893
<REALIZED-GAINS-CURRENT> 31
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,924
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 869
<DISTRIBUTIONS-OF-GAINS> 18
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 117,760
<NUMBER-OF-SHARES-REDEEMED> 46,169
<SHARES-REINVESTED> 634
<NET-CHANGE-IN-ASSETS> 43,544
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 79,109
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLATINUM CLASS. PLATINUM CLASS INCEPTION 11/7/95.
PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MRKT FUND-INSTIT. CLASS
<SERIES>
<NUMBER> 081
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MRKT FUND-INSTIT. CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 42,914
<RECEIVABLES> 0
<ASSETS-OTHER> 16
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,930
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 165
<TOTAL-LIABILITIES> 165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,765
<SHARES-COMMON-STOCK> 46<F1>
<SHARES-COMMON-PRIOR> 7
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 42,765
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 438
<OTHER-INCOME> 0
<EXPENSES-NET> 103
<NET-INVESTMENT-INCOME> 335
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 335
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 940
<NUMBER-OF-SHARES-REDEEMED> 901
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 23,191
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 24,347
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MRKT FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 082
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MRKT FUND-PLANAHEAD CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 42,914
<RECEIVABLES> 0
<ASSETS-OTHER> 16
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,930
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 165
<TOTAL-LIABILITIES> 165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,765
<SHARES-COMMON-STOCK> 591<F1>
<SHARES-COMMON-PRIOR> 129
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 42,765
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 438
<OTHER-INCOME> 0
<EXPENSES-NET> 103
<NET-INVESTMENT-INCOME> 335
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 335
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,169
<NUMBER-OF-SHARES-REDEEMED> 713
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> 23,191
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 24,347
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN
AADVANTAGE FUNDS STATEMENTS OF OPERATIONS, STATEMENTS OF ASSETS AND LIABILITIES,
FINANCIAL HIGHLIGHTS AND CHANGES IN NET ASSETS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH SEMI ANNUAL REPORT DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MRKT FUND-PLATINUM CLASS
<SERIES>
<NUMBER> 084
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MRKT FUND-PLATINUM CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 42,914
<RECEIVABLES> 0
<ASSETS-OTHER> 16
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,930
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 165
<TOTAL-LIABILITIES> 165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,765
<SHARES-COMMON-STOCK> 42,128<F1>
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 42,765
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 438
<OTHER-INCOME> 0
<EXPENSES-NET> 103
<NET-INVESTMENT-INCOME> 335
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 335
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 327
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 73,159
<NUMBER-OF-SHARES-REDEEMED> 31,254
<SHARES-REINVESTED> 223
<NET-CHANGE-IN-ASSETS> 23,191
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 24,347
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> PLATINUM CLASS. INCEPTION DATE 11/7/95.
PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
