<PAGE> PAGE 1
000 A000000 04/30/97
000 C000000 809593
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 AMERICAN AADVANTAGE FUNDS
001 B000000 811-4984
001 C000000 8179673509
002 A000000 4333 AMON CARTER BLVD., MD 5645
002 B000000 FORT WORTH
002 C000000 TX
002 D010000 76155
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 AMERICAN AADVANTAGE GROWTH AND INCOME FUND
007 C030100 N
007 C010200 2
007 C020200 AMERICAN AADVANTAGE BALANCED FUND
007 C030200 N
007 C010300 3
007 C020300 AMERICAN AADVANTAGE MONEY MARKET FUND
007 C030300 N
007 C010400 4
007 C020400 AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND
007 C030400 N
007 C010500 5
007 C020500 AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C020700 AMERICAN AADVANTAGE US GOVERNMENT MONEY MMKT
007 C030700 N
007 C010800 8
007 C020800 AMERICAN AADVANTAGE MUNICIPAL MONEY MARKET FD
007 C030800 N
007 C010900 9
007 C020900 AMERICAN AADVANTAGE SHORT-TERM INCOME FUND
007 C030900 N
007 C011000 10
010 A00AA01 AMR INVESTMENT SERVICES, INC.
010 B00AA01 801-29198
010 C01AA01 FORT WORTH
<PAGE> PAGE 2
010 C02AA01 TX
010 C03AA01 76155
011 A00AA01 BROKERS TRANSACTION SERVICES, INC.
011 B00AA01 8-35475
011 C01AA01 DALLAS
011 C02AA01 TX
011 C03AA01 75205
013 A00AA01 ERNST & YOUNG, LLP
013 B01AA01 DALLAS
013 B02AA01 TX
013 B03AA01 75201
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 22
019 C00AA00 AMERAADVFD
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 C000001 0
022 D000001 0
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 0
023 D000000 0
026 A000000 N
026 B000000 N
026 C000000 N
<PAGE> PAGE 3
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 Y
078 000000 N
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
008 A000101 AMR INVESTMENT SERVICES, INC.
008 B000101 A
008 C000101 801-29198
008 D010101 FORT WORTH
008 D020101 TX
008 D030101 76155
008 A000102 BARROW HANLEY MEWHINNEY AND STRAUSS, INC.
<PAGE> PAGE 4
008 B000102 S
008 C000102 801-14861
008 D010102 DALLAS
008 D020102 TX
008 D030102 75204
008 A000104 GSB INVESTMENT MANAGEMENT, INC.
008 B000104 S
008 C000104 801-29234
008 D010104 FORT WORTH
008 D020104 TX
008 D030104 76102
008 A000105 HOTCHKIS AND WILEY
008 B000105 S
008 C000105 801-15345
008 D010105 LOS ANGELES
008 D020105 CA
008 D030105 90017
008 A000106 INDEPENDENCE INVESTMENT ASSOCIATES, INC.
008 B000106 S
008 C000106 801-18048
008 D010106 BOSTON
008 D020106 MA
008 D030106 02109
008 A000108 BRANDYWINE ASSET MANAGEMENT
008 B000108 S
008 C000108 801-27797
008 D010108 WILMINGTON
008 D020108 DE
008 D030108 19801
012 A000101 NATIONSBANK OF TEXAS, N.A.
012 B000101 85-11215
012 C010101 DALLAS
012 C020101 TX
012 C030101 75202
012 A000102 GOLDMAN SACHS & CO
012 B000102 84-0110
012 C010102 CHICAGO
012 C020102 IL
012 C030102 60606
015 A000101 NATIONSBANK OF TEXAS, N.A.
015 B000101 C
015 C010101 DALLAS
015 C020101 TX
015 C030101 75202
015 E010101 X
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
<PAGE> PAGE 5
025 D000107 0
025 D000108 0
028 A010100 11906
028 A020100 0
028 A030100 0
028 A040100 11338
028 B010100 16584
028 B020100 105754
028 B030100 0
028 B040100 6030
028 C010100 30081
028 C020100 0
028 C030100 0
028 C040100 17694
028 D010100 14447
028 D020100 0
028 D030100 0
028 D040100 9187
028 E010100 20700
028 E020100 0
028 E030100 0
028 E040100 4838
028 F010100 16165
028 F020100 0
028 F030100 0
028 F040100 6496
028 G010100 109883
028 G020100 105754
028 G030100 0
028 G040100 55583
028 H000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 N
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 27
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 50000
<PAGE> PAGE 6
048 A020100 0.390
048 B010100 100000
048 B020100 0.370
048 C010100 350000
048 C020100 0.320
048 D010100 250000
048 D020100 0.300
048 E010100 250000
048 E020100 0.260
048 F010100 500000
048 F020100 0.210
048 G010100 1000000
048 G020100 0.200
048 H010100 500000
048 H020100 0.185
048 I010100 2000000
048 I020100 0.180
048 J010100 0
048 J020100 0.000
048 K010100 5000000
048 K020100 0.165
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 10000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 N
067 000100 N
<PAGE> PAGE 7
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 1048
072 C000100 16492
072 D000100 0
072 E000100 -1957
072 F000100 0
072 G000100 117
072 H000100 0
<PAGE> PAGE 8
072 I000100 17
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 25
072 O000100 0
072 P000100 0
072 Q000100 3
072 R000100 6
072 S000100 18
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 28
072 X000100 214
072 Y000100 0
072 Z000100 15369
072AA000100 65362
072BB000100 0
072CC010100 24413
072CC020100 0
072DD010100 1615
072DD020100 25997
072EE000100 78743
073 A010100 0.0000
073 A020100 0.0000
073 B000100 1.3135
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 1260097
074 J000100 0
074 K000100 0
074 L000100 4835
074 M000100 0
074 N000100 1264932
074 O000100 0
074 P000100 76
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 231
074 S000100 0
<PAGE> PAGE 9
074 T000100 1264625
074 U010100 3937
074 U020100 64429
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 529
074 Y000100 0
075 A000100 0
075 B000100 1204382
076 000100 0.00
080 A000100 AMERICAN INTERNATIONAL SPECIALTY LINES INSURA
080 C000100 6000
081 A000100 Y
081 B000100 14
082 A000100 Y
082 B000100 0
008 A000201 AMR INVESTMENT SERVICES, INC.
008 B000201 A
008 C000201 801-29198
008 D010201 FORT WORTH
008 D020201 TX
008 D030201 76155
008 A000202 BARROW HANLEY MEWHINNEY AND STRAUSS, INC.
008 B000202 S
008 C000202 801-14861
008 D010202 DALLAS
008 D020202 TX
008 D030202 75204
008 A000204 INDEPENDENCE INVESTMENT ASSOCIATES, INC.
008 B000204 S
008 C000204 801-18048
008 D010204 BOSTON
008 D020204 MA
008 D030204 02109
008 A000205 HOTCHKIS AND WILEY
008 B000205 S
008 C000205 801-15345
008 D010205 LOS ANGELES
008 D020205 CA
008 D030205 90017
008 A000206 GSB INVESTMENT MANAGEMENT, INC.
008 B000206 S
008 C000206 801-29234
008 D010206 FORT WORTH
008 D020206 TX
008 D030206 76102
008 A000208 BRANDYWINE ASSET MANAGEMENT
008 B000208 S
008 C000208 801-27797
008 D010208 WILMINGTON
<PAGE> PAGE 10
008 D020208 DE
008 D030208 19801
012 A000201 NATIONSBANK OF TEXAS, N.A.
012 B000201 85-11215
012 C010201 DALLAS
012 C020201 TX
012 C030201 75202
012 A000202 GOLDMAN SACHS & CO
012 B000202 84-0110
012 C010202 CHICAGO
012 C020202 IL
012 C030202 60606
015 A000201 NATIONSBANK OF TEXAS, N.A.
015 B000201 C
015 C010201 DALLAS
015 C020201 TX
015 C030201 75202
015 E010201 X
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 12683
028 A020200 0
028 A030200 0
028 A040200 5410
028 B010200 35337
028 B020200 104257
028 B030200 0
028 B040200 7866
028 C010200 28742
028 C020200 0
028 C030200 0
028 C040200 11694
028 D010200 12500
028 D020200 0
028 D030200 0
028 D040200 26017
028 E010200 14335
028 E020200 0
028 E030200 0
028 E040200 4100
028 F010200 11243
028 F020200 0
028 F030200 0
028 F040200 8009
028 G010200 114840
<PAGE> PAGE 11
028 G020200 104257
028 G030200 0
028 G040200 63096
028 H000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 N
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 78
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 50000
048 A020200 0.385
048 B010200 100000
048 B020200 0.365
048 C010200 350000
048 C020200 0.315
048 D010200 250000
048 D020200 0.295
048 E010200 250000
048 E020200 0.255
048 F010200 1500000
048 F020200 0.195
048 G010200 500000
048 G020200 0.185
048 H010200 2000000
048 H020200 0.180
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 5000000
048 K020200 0.165
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
058 A000200 N
<PAGE> PAGE 12
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 10000
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 N
067 000200 Y
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 N
<PAGE> PAGE 13
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 13729
072 C000200 7906
072 D000200 0
072 E000200 -1517
072 F000200 0
072 G000200 417
072 H000200 0
072 I000200 16
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 25
072 O000200 0
072 P000200 0
072 Q000200 3
072 R000200 6
072 S000200 18
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 35
072 X000200 520
072 Y000200 0
072 Z000200 19598
072AA000200 41587
072BB000200 0
072CC010200 0
072CC020200 4246
072DD010200 11595
072DD020200 24597
072EE000200 68551
073 A010200 0.0000
073 A020200 0.0000
<PAGE> PAGE 14
073 B000200 1.1555
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 1002473
074 J000200 0
074 K000200 0
074 L000200 2207
074 M000200 0
074 N000200 1004680
074 O000200 0
074 P000200 280
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 3524
074 S000200 0
074 T000200 1000876
074 U010200 22076
074 U020200 47808
074 V010200 0.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 318
074 Y000200 0
075 A000200 0
075 B000200 965778
076 000200 0.00
080 A000200 AMERICAN INTERNATIONAL SPECIALTY LINES INSURA
080 C000200 6000
081 A000200 Y
081 B000200 14
082 A000200 Y
082 B000200 50
008 A000301 AMR INVESTMENT SERVICES, INC.
008 B000301 A
008 C000301 801-29198
008 D010301 FORT WORTH
008 D020301 TX
008 D030301 76155
012 A000301 NATIONSBANK OF TEXAS, N.A.
012 B000301 85-11215
012 C010301 DALLAS
012 C020301 TX
<PAGE> PAGE 15
012 C030301 75202
012 A000303 GOLDMAN SACHS & CO
012 B000303 84-0110
012 C010303 CHICAGO
012 C020303 IL
012 C030303 60606
015 A000301 NATIONSBANK OF TEXAS, N.A.
015 B000301 C
015 C010301 DALLAS
015 C020301 TX
015 C030301 75202
015 E010301 X
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 1732401
028 A020300 5204
028 A030300 0
028 A040300 1829760
028 B010300 2054201
028 B020300 4799
028 B030300 0
028 B040300 2446804
028 C010300 1982895
028 C020300 4963
028 C030300 0
028 C040300 1595262
028 D010300 1912733
028 D020300 4829
028 D030300 0
028 D040300 1877804
028 E010300 1374637
028 E020300 4616
028 E030300 0
028 E040300 1443128
028 F010300 815625
028 F020300 4952
028 F030300 0
028 F040300 803609
028 G010300 9872492
028 G020300 29363
028 G030300 0
028 G040300 9996367
028 H000300 0
037 000300 N
038 000300 0
<PAGE> PAGE 16
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 100
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 183
044 000300 357
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.150
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 10000
062 A000300 N
062 B000300 0.0
<PAGE> PAGE 17
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
<PAGE> PAGE 18
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 46031
072 C000300 0
072 D000300 0
072 E000300 -1374
072 F000300 0
072 G000300 740
072 H000300 0
072 I000300 72
072 J000300 0
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 51
072 O000300 0
072 P000300 0
072 Q000300 5
072 R000300 18
072 S000300 33
072 T000300 183
072 U000300 0
072 V000300 0
072 W000300 171
072 X000300 1273
072 Y000300 0
072 Z000300 43384
072AA000300 25
072BB000300 0
072CC010300 0
072CC020300 0
072DD010300 36723
072DD020300 6661
072EE000300 25
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
<PAGE> PAGE 19
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 1547380
074 J000300 0
074 K000300 0
074 L000300 0
074 M000300 0
074 N000300 1547380
074 O000300 0
074 P000300 502
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 7578
074 S000300 0
074 T000300 1539300
074 U010300 1204970
074 U020300 334330
074 V010300 1.00
074 V020300 1.00
074 W000300 1.0000
074 X000300 2533
074 Y000300 0
075 A000300 1661447
075 B000300 0
076 000300 0.00
080 A000300 AMERICAN INTERNATIONAL SPECIALTY LINES INSURA
080 C000300 6000
081 A000300 Y
081 B000300 14
082 A000300 Y
082 B000300 50
008 A000401 AMR INVESTMENT SERVICES, INC.
008 B000401 A
008 C000401 801-29198
008 D010401 FORT WORTH
008 D020401 TX
008 D030401 76155
008 A000402 BARROW HANLEY MEWHINNEY AND STRAUSS, INC.
008 B000402 S
008 C000402 801-14861
008 D010402 DALLAS
008 D020402 TX
008 D030402 75201
012 A000401 NATIONSBANK OF TEXAS, N.A.
012 B000401 85-11215
012 C010401 DALLAS
012 C020401 TX
<PAGE> PAGE 20
012 C030401 75202
012 A000402 GOLDMAN SACHS & CO
012 B000402 84-0110
012 C010402 CHICAGO
012 C020402 IL
012 C030402 60606
015 A000401 NATIONSBANK OF TEXAS, N.A.
015 B000401 C
015 C010401 DALLAS
015 C020401 TX
015 C030401 75202
015 E010401 X
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 31199
028 A020400 1027
028 A030400 0
028 A040400 3112
028 B010400 5620
028 B020400 1112
028 B030400 0
028 B040400 3101
028 C010400 10920
028 C020400 1140
028 C030400 0
028 C040400 2460
028 D010400 3583
028 D020400 1156
028 D030400 0
028 D040400 1629
028 E010400 5438
028 E020400 1205
028 E030400 0
028 E040400 2303
028 F010400 2651
028 F020400 1188
028 F030400 0
028 F040400 5220
028 G010400 59411
028 G020400 6828
028 G030400 0
028 G040400 17825
028 H000400 0
037 000400 N
038 000400 0
<PAGE> PAGE 21
039 000400 N
040 000400 Y
041 000400 N
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 31
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.250
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 10000
062 A000400 N
062 B000400 0.0
<PAGE> PAGE 22
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
<PAGE> PAGE 23
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 6
072 B000400 7520
072 C000400 0
072 D000400 0
072 E000400 -307
072 F000400 0
072 G000400 184
072 H000400 0
072 I000400 12
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 5
072 O000400 0
072 P000400 0
072 Q000400 1
072 R000400 0
072 S000400 3
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 5
072 X000400 210
072 Y000400 0
072 Z000400 7003
072AA000400 0
072BB000400 912
072CC010400 0
072CC020400 1173
072DD010400 4818
072DD020400 2185
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
<PAGE> PAGE 24
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 218224
074 J000400 0
074 K000400 0
074 L000400 181
074 M000400 0
074 N000400 218405
074 O000400 0
074 P000400 128
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 90
074 S000400 0
074 T000400 218187
074 U010400 15902
074 U020400 6856
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 63
074 Y000400 0
075 A000400 0
075 B000400 206393
076 000400 0.00
080 A000400 AMERICAN INTERNATIONAL SPECIALTY LINES INSURA
080 C000400 6000
081 A000400 Y
081 B000400 14
082 A000400 Y
082 B000400 50
008 A000501 AMR INVESTMENT SERVICES, INC.
008 B000501 A
008 C000501 801-29198
008 D010501 FORT WORTH
008 D020501 TX
008 D030501 76155
008 A000502 MORGAN STANLEY ASSET MANAGEMENT,INC.
008 B000502 S
008 C000502 801-15757
008 D010502 LONDON
008 D050502 ENGLAND
008 D060502 E144QA
008 A000503 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000503 S
008 C000503 801-15125
008 D010503 FORT LAUDERDALE
<PAGE> PAGE 25
008 D020503 CA
008 D030503 33394
008 D040503 3091
008 A000504 HOTCHKIS AND WILEY
008 B000504 S
008 C000504 801-15345
008 D010504 LOS ANGELES
008 D020504 CA
008 D030504 90017
008 A000505 ROWE PRICE-FLEMING INTERNATIONAL
008 B000505 S
008 C000505 801-14713
008 D010505 BALTIMORE
008 D020505 MD
008 D030505 21202
012 A000501 NATIONSBANK OF TEXAS, N.A.
012 B000501 85-11215
012 C010501 DALLAS
012 C020501 TX
012 C030501 75202
012 A000502 GOLDMAN SACHS & CO
012 B000502 84-0110
012 C010502 CHICAGO
012 C020502 IL
012 C030502 60606
015 A000502 NATIONSBANK OF TEXAS, N.A.
015 B000502 C
015 C010502 DALLAS
015 C020502 TX
015 C030502 75202
015 E010502 X
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 10212
028 A020500 0
028 A030500 0
028 A040500 5811
028 B010500 21922
028 B020500 19535
028 B030500 0
028 B040500 4265
028 C010500 27264
028 C020500 0
028 C030500 0
028 C040500 4247
<PAGE> PAGE 26
028 D010500 11413
028 D020500 0
028 D030500 0
028 D040500 4406
028 E010500 33824
028 E020500 0
028 E030500 0
028 E040500 6253
028 F010500 49789
028 F020500 0
028 F030500 0
028 F040500 4999
028 G010500 154424
028 G020500 19535
028 G030500 0
028 G040500 29981
028 H000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 N
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 0
044 000500 25
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 30000
048 A020500 0.633
048 B010500 45000
048 B020500 0.600
048 C010500 75000
048 C020500 0.533
048 D010500 75000
048 D020500 0.500
048 E010500 75000
048 E020500 0.467
048 F010500 150000
048 F020500 0.417
048 G010500 150000
048 G020500 0.333
048 H010500 900000
<PAGE> PAGE 27
048 H020500 0.300
048 I010500 1500000
048 I020500 0.283
048 J010500 0
048 J020500 0.000
048 K010500 3000000
048 K020500 0.267
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 10000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 Y
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
<PAGE> PAGE 28
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 6
072 B000500 1171
072 C000500 5346
072 D000500 0
072 E000500 -1216
072 F000500 0
072 G000500 130
072 H000500 0
072 I000500 10
072 J000500 0
072 K000500 0
072 L000500 0
072 M000500 0
072 N000500 20
072 O000500 0
072 P000500 0
072 Q000500 1
072 R000500 2
072 S000500 3
072 T000500 0
072 U000500 0
072 V000500 0
<PAGE> PAGE 29
072 W000500 16
072 X000500 182
072 Y000500 0
072 Z000500 5119
072AA000500 4856
072BB000500 0
072CC010500 31025
072CC020500 0
072DD010500 1369
072DD020500 7419
072EE000500 11060
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.4069
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 564097
074 J000500 0
074 K000500 0
074 L000500 2239
074 M000500 0
074 N000500 566336
074 O000500 0
074 P000500 97
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 83
074 S000500 0
074 T000500 566156
074 U010500 9885
074 U020500 26090
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 312
074 Y000500 0
075 A000500 0
075 B000500 476117
076 000500 0.00
080 A000500 AMERICAN INTERNATIONAL SPECIALTY LINES INSURA
080 C000500 6000
081 A000500 Y
<PAGE> PAGE 30
081 B000500 14
082 A000500 Y
082 B000500 50
008 A000701 AMR INVESTMENT SERVICES, INC.
008 B000701 A
008 C000701 801-29198
008 D010701 FORT WORTH
008 D020701 TX
008 D030701 76155
012 A000701 NATIONSBANK OF TEXAS, N.A.
012 B000701 85-11215
012 C010701 DALLAS
012 C020701 TX
012 C030701 75202
012 A000702 GOLDMAN SACHS & CO
012 B000702 84-0110
012 C010702 CHICAGO
012 C020702 IL
012 C030702 60606
015 A000701 NATIONSBANK OF TEXAS, N.A.
015 B000701 C
015 C010701 DALLAS
015 C020701 TX
015 C030701 75202
015 E010701 X
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 8671
028 A020700 265
028 A030700 0
028 A040700 6205
028 B010700 19471
028 B020700 272
028 B030700 0
028 B040700 16634
028 C010700 19226
028 C020700 305
028 C030700 0
028 C040700 12850
028 D010700 11959
028 D020700 272
028 D030700 0
028 D040700 10415
028 E010700 54392
028 E020700 240
<PAGE> PAGE 31
028 E030700 0
028 E040700 37106
028 F010700 13823
028 F020700 265
028 F030700 0
028 F040700 25276
028 G010700 127542
028 G020700 1619
028 G030700 0
028 G040700 108486
028 H000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 100
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 63
044 000700 14
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.150
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
<PAGE> PAGE 32
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 10000
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
<PAGE> PAGE 33
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 6
072 B000700 2454
072 C000700 0
072 D000700 0
072 E000700 -83
072 F000700 0
072 G000700 137
072 H000700 0
072 I000700 3
072 J000700 0
072 K000700 0
072 L000700 0
072 M000700 0
072 N000700 14
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 1
072 S000700 6
072 T000700 63
072 U000700 0
072 V000700 0
072 W000700 24
072 X000700 248
072 Y000700 0
072 Z000700 2123
072AA000700 5
072BB000700 0
<PAGE> PAGE 34
072CC010700 0
072CC020700 0
072DD010700 633
072DD020700 1490
072EE000700 5
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0001
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 100748
074 J000700 0
074 K000700 0
074 L000700 0
074 M000700 0
074 N000700 100748
074 O000700 0
074 P000700 90
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 412
074 S000700 0
074 T000700 100246
074 U010700 27471
074 U020700 72775
074 V010700 1.00
074 V020700 1.00
074 W000700 0.9999
074 X000700 120
074 Y000700 0
075 A000700 91268
075 B000700 0
076 000700 0.00
080 A000700 AMERICAN INTERNATIONAL SPECIALTY LINES INSURA
080 C000700 6000
081 A000700 Y
081 B000700 14
082 A000700 Y
082 B000700 50
008 A000801 AMR INVESTMENT SERVICES, INC.
008 B000801 A
008 C000801 801-29198
<PAGE> PAGE 35
008 D010801 FORT WORTH
008 D020801 TX
008 D030801 76155
012 A000801 NATIONSBANK OF TEXAS, N.A.
012 B000801 85-11215
012 C010801 DALLAS
012 C020801 TX
012 C030801 75202
012 A000802 GOLDMAN SACHS & CO
012 B000802 84-0110
012 C010802 CHICAGO
012 C020802 IL
012 C030802 60606
015 A000801 NATIONSBANK OF TEXAS, N.A.
015 B000801 C
015 C010801 DALLAS
015 C020801 TX
015 C030801 75202
015 E010801 X
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 14726
028 A020800 125
028 A030800 0
028 A040800 8519
028 B010800 12896
028 B020800 127
028 B030800 0
028 B040800 10911
028 C010800 14882
028 C020800 151
028 C030800 0
028 C040800 13604
028 D010800 15485
028 D020800 142
028 D030800 0
028 D040800 10373
028 E010800 6760
028 E020800 127
028 E030800 0
028 E040800 7862
028 F010800 9706
028 F020800 141
028 F030800 0
028 F040800 12778
<PAGE> PAGE 36
028 G010800 74455
028 G020800 813
028 G030800 0
028 G040800 64047
028 H000800 0
037 000800 N
038 000800 0
039 000800 N
040 000800 Y
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 100
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 69
044 000800 5
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.150
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
<PAGE> PAGE 37
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 10000
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
<PAGE> PAGE 38
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 6
072 B000800 1158
072 C000800 0
072 D000800 0
072 E000800 -52
072 F000800 0
072 G000800 140
072 H000800 0
072 I000800 1
072 J000800 0
072 K000800 0
072 L000800 0
072 M000800 0
072 N000800 25
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 0
072 S000800 4
072 T000800 69
072 U000800 0
072 V000800 0
072 W000800 12
072 X000800 251
072 Y000800 0
072 Z000800 855
072AA000800 0
072BB000800 0
072CC010800 0
072CC020800 0
072DD010800 32
072DD020800 823
072EE000800 0
073 A010800 0.0000
<PAGE> PAGE 39
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 0
074 B000800 0
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 63697
074 J000800 0
074 K000800 0
074 L000800 0
074 M000800 0
074 N000800 63697
074 O000800 0
074 P000800 94
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 175
074 S000800 0
074 T000800 63428
074 U010800 2045
074 U020800 61383
074 V010800 1.00
074 V020800 1.00
074 W000800 1.0000
074 X000800 85
074 Y000800 0
075 A000800 64036
075 B000800 0
076 000800 0.00
080 A000800 AMERICAN INTERNATIONAL LINES INSURANCE CO
080 C000800 6000
081 A000800 Y
081 B000800 14
082 A000800 Y
082 B000800 50
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
<PAGE> PAGE 40
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
071 A000900 0
071 B000900 0
071 C000900 0
071 D000900 0
072 A000900 12
072 B000900 0
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 0
072 G000900 0
072 H000900 0
074 A000900 0
074 B000900 0
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 0
074 M000900 0
074 N000900 0
074 O000900 0
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 0
074 S000900 0
074 T000900 0
074 U010900 0
074 U020900 0
074 V010900 0.00
074 V020900 0.00
074 W000900 0.0000
074 X000900 0
074 Y000900 0
<PAGE> PAGE 41
080 A000900 NONE
080 C000900 0
081 A000900 N
081 B000900 0
082 A000900 N
082 B000900 0
SIGNATURE JANICE B. SCHWARZ
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND-INST CLASS
<SERIES>
<NUMBER> 011
<NAME> AMERICAN AADVANTAGE GROWTH AND INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1260097
<RECEIVABLES> 4834
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 1264932
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 307
<TOTAL-LIABILITIES> 307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 934250
<SHARES-COMMON-STOCK> 3937<F1>
<SHARES-COMMON-PRIOR> 4388
<ACCUMULATED-NII-CURRENT> 8927
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 64013
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 257435
<NET-ASSETS> 1264625
<DIVIDEND-INCOME> 16492
<INTEREST-INCOME> 1048
<OTHER-INCOME> 82
<EXPENSES-NET> 2253
<NET-INVESTMENT-INCOME> 15369
<REALIZED-GAINS-CURRENT> 65362
<APPREC-INCREASE-CURRENT> 24413
<NET-CHANGE-FROM-OPS> 105144
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1615
<DISTRIBUTIONS-OF-GAINS> 5181
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 671
<NUMBER-OF-SHARES-REDEEMED> 1465
<SHARES-REINVESTED> 343
<NET-CHANGE-IN-ASSETS> 158840
<ACCUMULATED-NII-PRIOR> 21170
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214
<AVERAGE-NET-ASSETS> 1204382
<PER-SHARE-NAV-BEGIN> 18.50
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 1.48
<PER-SHARE-DIVIDEND> .41
<PER-SHARE-DISTRIBUTIONS> 1.31
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.47
<EXPENSE-RATIO> .62
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE GROWTH & INCOME FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 012
<NAME> AMERICAN AADVANTAGE GROWTH & INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1260097
<RECEIVABLES> 4843
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 1264932
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 307
<TOTAL-LIABILITIES> 307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 934250
<SHARES-COMMON-STOCK> 1233<F1>
<SHARES-COMMON-PRIOR> 877
<ACCUMULATED-NII-CURRENT> 8927
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 64013
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 257435
<NET-ASSETS> 1264625
<DIVIDEND-INCOME> 16492
<INTEREST-INCOME> 1048
<OTHER-INCOME> 82
<EXPENSES-NET> 2253
<NET-INVESTMENT-INCOME> 15369
<REALIZED-GAINS-CURRENT> 65362
<APPREC-INCREASE-CURRENT> 24413
<NET-CHANGE-FROM-OPS> 105144
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 343
<DISTRIBUTIONS-OF-GAINS> 1190
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 397
<NUMBER-OF-SHARES-REDEEMED> 126
<SHARES-REINVESTED> 85
<NET-CHANGE-IN-ASSETS> 158840
<ACCUMULATED-NII-PRIOR> 21170
<ACCUMULATED-GAINS-PRIOR> 77394
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214
<AVERAGE-NET-ASSETS> 1204382
<PER-SHARE-NAV-BEGIN> 18.33
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> 1.45
<PER-SHARE-DIVIDEND> .38
<PER-SHARE-DISTRIBUTIONS> 1.31
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.28
<EXPENSE-RATIO> .95
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE GROWTH & INCOME FUND-AMR CLASS
<SERIES>
<NUMBER> 013
<NAME> AMERICAN AADVANTAGE GROWTH & INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1260097
<RECEIVABLES> 4834
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 1264932
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 307
<TOTAL-LIABILITIES> 307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 934250
<SHARES-COMMON-STOCK> 63195<F1>
<SHARES-COMMON-PRIOR> 54324
<ACCUMULATED-NII-CURRENT> 8927
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 64013
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 257435
<NET-ASSETS> 1264625
<DIVIDEND-INCOME> 16492
<INTEREST-INCOME> 1048
<OTHER-INCOME> 82
<EXPENSES-NET> 2253
<NET-INVESTMENT-INCOME> 15369
<REALIZED-GAINS-CURRENT> 65362
<APPREC-INCREASE-CURRENT> 24413
<NET-CHANGE-FROM-OPS> 105144
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 25654
<DISTRIBUTIONS-OF-GAINS> 72372
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4842
<NUMBER-OF-SHARES-REDEEMED> 1381
<SHARES-REINVESTED> 5410
<NET-CHANGE-IN-ASSETS> 158840
<ACCUMULATED-NII-PRIOR> 21170
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214
<AVERAGE-NET-ASSETS> 1204382
<PER-SHARE-NAV-BEGIN> 18.56
<PER-SHARE-NII> .24
<PER-SHARE-GAIN-APPREC> 1.48
<PER-SHARE-DIVIDEND> .47
<PER-SHARE-DISTRIBUTIONS> 1.31
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.50
<EXPENSE-RATIO> .35
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE BALANCED FUND-INSTITUTIONAL CLASS
<SERIES>
<NUMBER> 021
<NAME> AMERICAN AADVANTAGE BALANCED FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1002473
<RECEIVABLES> 2207
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1004680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3804
<TOTAL-LIABILITIES> 3804
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 815883
<SHARES-COMMON-STOCK> 22075<F1>
<SHARES-COMMON-PRIOR> 19683
<ACCUMULATED-NII-CURRENT> 11992
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41259
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131742
<NET-ASSETS> 1000876
<DIVIDEND-INCOME> 7906
<INTEREST-INCOME> 13729
<OTHER-INCOME> 100
<EXPENSES-NET> 2137
<NET-INVESTMENT-INCOME> 19598
<REALIZED-GAINS-CURRENT> 41587
<APPREC-INCREASE-CURRENT> (4246)
<NET-CHANGE-FROM-OPS> 56939
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11595
<DISTRIBUTIONS-OF-GAINS> 22827
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1600
<NUMBER-OF-SHARES-REDEEMED> 1610
<SHARES-REINVESTED> 2402
<NET-CHANGE-IN-ASSETS> 108194
<ACCUMULATED-NII-PRIOR> 28578
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 520
<AVERAGE-NET-ASSETS> 965778
<PER-SHARE-NAV-BEGIN> 15.14
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> .64
<PER-SHARE-DIVIDEND> .59
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.31
<EXPENSE-RATIO> .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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE BALANCED FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 022
<NAME> AMERICAN AADVANTAGE BALANCED FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1002473
<RECEIVABLES> 2207
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1004680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3804
<TOTAL-LIABILITIES> 3804
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 815883
<SHARES-COMMON-STOCK> 2115<F1>
<SHARES-COMMON-PRIOR> 1197
<ACCUMULATED-NII-CURRENT> 11992
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41259
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131742
<NET-ASSETS> 1000876
<DIVIDEND-INCOME> 7906
<INTEREST-INCOME> 13729
<OTHER-INCOME> 100
<EXPENSES-NET> 2137
<NET-INVESTMENT-INCOME> 19598
<REALIZED-GAINS-CURRENT> 41587
<APPREC-INCREASE-CURRENT> (4246)
<NET-CHANGE-FROM-OPS> 56939
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 803
<DISTRIBUTIONS-OF-GAINS> 1633
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 898
<NUMBER-OF-SHARES-REDEEMED> 153
<SHARES-REINVESTED> 173
<NET-CHANGE-IN-ASSETS> 108194
<ACCUMULATED-NII-PRIOR> 28578
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 520
<AVERAGE-NET-ASSETS> 965778
<PER-SHARE-NAV-BEGIN> 15.03
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> .63
<PER-SHARE-DIVIDEND> .57
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.20
<EXPENSE-RATIO> .92
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE BALANCED FUND-AMR CLASS
<SERIES>
<NUMBER> 023
<NAME> AMERICAN AADVANTAGE BALANCED FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1002473
<RECEIVABLES> 2207
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1004680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3804
<TOTAL-LIABILITIES> 3804
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 815883
<SHARES-COMMON-STOCK> 45692<F1>
<SHARES-COMMON-PRIOR> 37994
<ACCUMULATED-NII-CURRENT> 11992
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41259
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131742
<NET-ASSETS> 1000876
<DIVIDEND-INCOME> 7906
<INTEREST-INCOME> 13729
<OTHER-INCOME> 100
<EXPENSES-NET> 2137
<NET-INVESTMENT-INCOME> 19598
<REALIZED-GAINS-CURRENT> 41598
<APPREC-INCREASE-CURRENT> (4246)
<NET-CHANGE-FROM-OPS> 56939
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23794
<DISTRIBUTIONS-OF-GAINS> 44091
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5480
<NUMBER-OF-SHARES-REDEEMED> 2582
<SHARES-REINVESTED> 4801
<NET-CHANGE-IN-ASSETS> 108194
<ACCUMULATED-NII-PRIOR> 28578
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 520
<AVERAGE-NET-ASSETS> 965778
<PER-SHARE-NAV-BEGIN> 15.18
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> .63
<PER-SHARE-DIVIDEND> .62
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.33
<EXPENSE-RATIO> .35
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MONEY MKT FUND-INSTITUTIONAL CLASS
<SERIES>
<NUMBER> 031
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1547380
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1547380
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8080
<TOTAL-LIABILITIES> 8080
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1539300
<SHARES-COMMON-STOCK> 1204970<F1>
<SHARES-COMMON-PRIOR> 1406938
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1539300
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46031
<OTHER-INCOME> 0
<EXPENSES-NET> 2647
<NET-INVESTMENT-INCOME> 43384
<REALIZED-GAINS-CURRENT> 25
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 43409
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 36723
<DISTRIBUTIONS-OF-GAINS> 21
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9620883
<NUMBER-OF-SHARES-REDEEMED> 9846216
<SHARES-REINVESTED> 23364
<NET-CHANGE-IN-ASSETS> (94510)
<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> 1273
<AVERAGE-NET-ASSETS> 1661447
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MONEY MKT FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 032
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1547380
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1547380
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8080
<TOTAL-LIABILITIES> 8080
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1539300
<SHARES-COMMON-STOCK> 181323<F1>
<SHARES-COMMON-PRIOR> 106890
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1539300
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46031
<OTHER-INCOME> 0
<EXPENSES-NET> 2647
<NET-INVESTMENT-INCOME> 43384
<REALIZED-GAINS-CURRENT> 25
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 43409
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3258
<DISTRIBUTIONS-OF-GAINS> 2
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 159282
<NUMBER-OF-SHARES-REDEEMED> 87577
<SHARES-REINVESTED> 2729
<NET-CHANGE-IN-ASSETS> (94510)
<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> 1273
<AVERAGE-NET-ASSETS> 1661447
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .55
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MONEY MKT FUND-PLATINUM CLASS
<SERIES>
<NUMBER> 034
<NAME> AMERICAN AADVANTAGE MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1547380
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1547380
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8080
<TOTAL-LIABILITIES> 8080
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1539300
<SHARES-COMMON-STOCK> 153006<F1>
<SHARES-COMMON-PRIOR> 119981
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1539300
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46031
<OTHER-INCOME> 0
<EXPENSES-NET> 2647
<NET-INVESTMENT-INCOME> 43384
<REALIZED-GAINS-CURRENT> 25
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 43409
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3403
<DISTRIBUTIONS-OF-GAINS> 2
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 92327
<NUMBER-OF-SHARES-REDEEMED> 62573
<SHARES-REINVESTED> 3271
<NET-CHANGE-IN-ASSETS> (94510)
<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> 1273
<AVERAGE-NET-ASSETS> 1661447
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLATINUM CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-INST CLASS
<SERIES>
<NUMBER> 041
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 218224
<RECEIVABLES> 180
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 218405
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 218
<TOTAL-LIABILITIES> 218
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 227921
<SHARES-COMMON-STOCK> 15902<F1>
<SHARES-COMMON-PRIOR> 11256
<ACCUMULATED-NII-CURRENT> 15
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9108)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (641)
<NET-ASSETS> 218187
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7520
<OTHER-INCOME> 0
<EXPENSES-NET> 517
<NET-INVESTMENT-INCOME> 7213
<REALIZED-GAINS-CURRENT> (912)
<APPREC-INCREASE-CURRENT> (1173)
<NET-CHANGE-FROM-OPS> 4918
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4818
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5499
<NUMBER-OF-SHARES-REDEEMED> 1335
<SHARES-REINVESTED> 482
<NET-CHANGE-IN-ASSETS> 46333
<ACCUMULATED-NII-PRIOR> 15
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210
<AVERAGE-NET-ASSETS> 206393
<PER-SHARE-NAV-BEGIN> 9.68
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> .33
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.59
<EXPENSE-RATIO> .57
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 042
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 218224
<RECEIVABLES> 180
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 218405
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 218
<TOTAL-LIABILITIES> 218
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 227921
<SHARES-COMMON-STOCK> 470<F1>
<SHARES-COMMON-PRIOR> 351
<ACCUMULATED-NII-CURRENT> 15
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9108)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (641)
<NET-ASSETS> 218187
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7520
<OTHER-INCOME> 0
<EXPENSES-NET> 517
<NET-INVESTMENT-INCOME> 7213
<REALIZED-GAINS-CURRENT> (912)
<APPREC-INCREASE-CURRENT> (1173)
<NET-CHANGE-FROM-OPS> 4918
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 128
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 148
<NUMBER-OF-SHARES-REDEEMED> 41
<SHARES-REINVESTED> 13
<NET-CHANGE-IN-ASSETS> 46333
<ACCUMULATED-NII-PRIOR> 15
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210
<AVERAGE-NET-ASSETS> 206393
<PER-SHARE-NAV-BEGIN> 9.68
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> .31
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.59
<EXPENSE-RATIO> .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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND-AMR CLASS
<SERIES>
<NUMBER> 043
<NAME> AMERICAN AADVANTAGE LIMITED-TERM INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 218224
<RECEIVABLES> 180
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 218405
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 218
<TOTAL-LIABILITIES> 218
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 227921
<SHARES-COMMON-STOCK> 6386<F1>
<SHARES-COMMON-PRIOR> 6154
<ACCUMULATED-NII-CURRENT> 15
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9108)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (641)
<NET-ASSETS> 218187
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7520
<OTHER-INCOME> 0
<EXPENSES-NET> 517
<NET-INVESTMENT-INCOME> 7213
<REALIZED-GAINS-CURRENT> (912)
<APPREC-INCREASE-CURRENT> (1173)
<NET-CHANGE-FROM-OPS> 4918
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2057
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 492
<NUMBER-OF-SHARES-REDEEMED> 474
<SHARES-REINVESTED> 214
<NET-CHANGE-IN-ASSETS> 46333
<ACCUMULATED-NII-PRIOR> 15
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210
<AVERAGE-NET-ASSETS> 206393
<PER-SHARE-NAV-BEGIN> 9.67
<PER-SHARE-NII> .34
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> .34
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.58
<EXPENSE-RATIO> .31
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND-INST. CLASS
<SERIES>
<NUMBER> 051
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 564097
<RECEIVABLES> 2239
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 566336
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180
<TOTAL-LIABILITIES> 180
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 473559
<SHARES-COMMON-STOCK> 9884<F1>
<SHARES-COMMON-PRIOR> 4196
<ACCUMULATED-NII-CURRENT> 3905
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4078
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 84614
<NET-ASSETS> 566156
<DIVIDEND-INCOME> 5346
<INTEREST-INCOME> 1171
<OTHER-INCOME> 136
<EXPENSES-NET> 1534
<NET-INVESTMENT-INCOME> 5301
<REALIZED-GAINS-CURRENT> 4856
<APPREC-INCREASE-CURRENT> 31025
<NET-CHANGE-FROM-OPS> 41000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1369
<DISTRIBUTIONS-OF-GAINS> 1859
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6317
<NUMBER-OF-SHARES-REDEEMED> 823
<SHARES-REINVESTED> 194
<NET-CHANGE-IN-ASSETS> 165128
<ACCUMULATED-NII-PRIOR> 7574
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 182
<AVERAGE-NET-ASSETS> 476117
<PER-SHARE-NAV-BEGIN> 15.01
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> 1.27
<PER-SHARE-DIVIDEND> .30
<PER-SHARE-DISTRIBUTIONS> .41
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.71
<EXPENSE-RATIO> .85
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE INTL. EQUITY FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 052
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 564097
<RECEIVABLES> 2239
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 566336
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180
<TOTAL-LIABILITIES> 180
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 473559
<SHARES-COMMON-STOCK> 814<F1>
<SHARES-COMMON-PRIOR> 479
<ACCUMULATED-NII-CURRENT> 3905
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4078
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 84614
<NET-ASSETS> 566156
<DIVIDEND-INCOME> 5346
<INTEREST-INCOME> 1171
<OTHER-INCOME> 136
<EXPENSES-NET> 1534
<NET-INVESTMENT-INCOME> 5301
<REALIZED-GAINS-CURRENT> 4856
<APPREC-INCREASE-CURRENT> 31025
<NET-CHANGE-FROM-OPS> 41000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 157
<DISTRIBUTIONS-OF-GAINS> 230
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 458
<NUMBER-OF-SHARES-REDEEMED> 145
<SHARES-REINVESTED> 23
<NET-CHANGE-IN-ASSETS> 165128
<ACCUMULATED-NII-PRIOR> 7574
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 182
<AVERAGE-NET-ASSETS> 476117
<PER-SHARE-NAV-BEGIN> 14.90
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> 1.26
<PER-SHARE-DIVIDEND> .28
<PER-SHARE-DISTRIBUTIONS> .41
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.59
<EXPENSE-RATIO> 1.16
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE INTL. EQUITY FUND-AMR CLASS
<SERIES>
<NUMBER> 053
<NAME> AMERICAN AADVANTAGE INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 564097
<RECEIVABLES> 2239
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 566336
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180
<TOTAL-LIABILITIES> 180
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 473559
<SHARES-COMMON-STOCK> 25274<F1>
<SHARES-COMMON-PRIOR> 21978
<ACCUMULATED-NII-CURRENT> 3905
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4078
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 84614
<NET-ASSETS> 566156
<DIVIDEND-INCOME> 5346
<INTEREST-INCOME> 1171
<OTHER-INCOME> 136
<EXPENSES-NET> 1534
<NET-INVESTMENT-INCOME> 5301
<REALIZED-GAINS-CURRENT> 4856
<APPREC-INCREASE-CURRENT> 31025
<NET-CHANGE-FROM-OPS> 41000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7262
<DISTRIBUTIONS-OF-GAINS> 8971
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3192
<NUMBER-OF-SHARES-REDEEMED> 962
<SHARES-REINVESTED> 1067
<NET-CHANGE-IN-ASSETS> 165128
<ACCUMULATED-NII-PRIOR> 7574
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 182
<AVERAGE-NET-ASSETS> 476117
<PER-SHARE-NAV-BEGIN> 15.06
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> 1.27
<PER-SHARE-DIVIDEND> .33
<PER-SHARE-DISTRIBUTIONS> .41
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.75
<EXPENSE-RATIO> .59
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE US GOVERNMENT MONEY MKT FUND-INST CLASS
<SERIES>
<NUMBER> 071
<NAME> AMERICAN AADVANTAGE US GOVERNMENT MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 100748
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100748
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502
<TOTAL-LIABILITIES> 502
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100246
<SHARES-COMMON-STOCK> 27471<F1>
<SHARES-COMMON-PRIOR> 25595
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 100246
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2454
<OTHER-INCOME> 0
<EXPENSES-NET> 331
<NET-INVESTMENT-INCOME> 2123
<REALIZED-GAINS-CURRENT> 5
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2128
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 633
<DISTRIBUTIONS-OF-GAINS> 2
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 49244
<NUMBER-OF-SHARES-REDEEMED> 47771
<SHARES-REINVESTED> 404
<NET-CHANGE-IN-ASSETS> 20676
<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> 248
<AVERAGE-NET-ASSETS> 91268
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .29
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE US GOVT MONEY MKT FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 073
<NAME> AMERICAN AADVANTAGE US GOVERNMENT MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 100748
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100748
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502
<TOTAL-LIABILITIES> 502
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100246
<SHARES-COMMON-STOCK> 23589<F1>
<SHARES-COMMON-PRIOR> 1822
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 100246
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2454
<OTHER-INCOME> 0
<EXPENSES-NET> 331
<NET-INVESTMENT-INCOME> 2123
<REALIZED-GAINS-CURRENT> 5
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2128
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 369
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 53425
<NUMBER-OF-SHARES-REDEEMED> 31742
<SHARES-REINVESTED> 84
<NET-CHANGE-IN-ASSETS> 20676
<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> 248
<AVERAGE-NET-ASSETS> 91268
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .53
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE US GOVT MONEY MKT FUND-PLATINUM CLASS
<SERIES>
<NUMBER> 074
<NAME> AMERICAN AADVANTAGE US GOVERNMENT MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 100748
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100748
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 502
<TOTAL-LIABILITIES> 502
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100246
<SHARES-COMMON-STOCK> 49185<F1>
<SHARES-COMMON-PRIOR> 52153
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 100246
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2454
<OTHER-INCOME> 0
<EXPENSES-NET> 331
<NET-INVESTMENT-INCOME> 2123
<REALIZED-GAINS-CURRENT> 5
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2128
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1121
<DISTRIBUTIONS-OF-GAINS> 3
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24874
<NUMBER-OF-SHARES-REDEEMED> 28973
<SHARES-REINVESTED> 1131
<NET-CHANGE-IN-ASSETS> 20676
<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> 248
<AVERAGE-NET-ASSETS> 91268
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLATINUM CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MKT FUND-INST CLASS
<SERIES>
<NUMBER> 081
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 63697
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 269
<TOTAL-LIABILITIES> 269
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63428
<SHARES-COMMON-STOCK> 2045<F1>
<SHARES-COMMON-PRIOR> 6
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63428
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1158
<OTHER-INCOME> 0
<EXPENSES-NET> 303
<NET-INVESTMENT-INCOME> 1106
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 855
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 32
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5021
<NUMBER-OF-SHARES-REDEEMED> 3007
<SHARES-REINVESTED> 25
<NET-CHANGE-IN-ASSETS> 11220
<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> 251
<AVERAGE-NET-ASSETS> 64036
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .31
<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
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MKT FUND-PLANAHEAD CLASS
<SERIES>
<NUMBER> 082
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 63697
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 269
<TOTAL-LIABILITIES> 269
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63428
<SHARES-COMMON-STOCK> 7479<F1>
<SHARES-COMMON-PRIOR> 2340
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63428
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1158
<OTHER-INCOME> 0
<EXPENSES-NET> 303
<NET-INVESTMENT-INCOME> 1106
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 855
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 100
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16123
<NUMBER-OF-SHARES-REDEEMED> 11059
<SHARES-REINVESTED> 76
<NET-CHANGE-IN-ASSETS> 11220
<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> 251
<AVERAGE-NET-ASSETS> 64036
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLANAHEAD CLASS. PER SAHRE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MKT FUND-PLATINUM CLASS
<SERIES>
<NUMBER> 084
<NAME> AMERICAN AADVANTAGE MUNICIPAL MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 63697
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 269
<TOTAL-LIABILITIES> 269
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63428
<SHARES-COMMON-STOCK> 53903<F1>
<SHARES-COMMON-PRIOR> 49863
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63428
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1158
<OTHER-INCOME> 0
<EXPENSES-NET> 303
<NET-INVESTMENT-INCOME> 1106
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 855
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 723
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 53311
<NUMBER-OF-SHARES-REDEEMED> 49982
<SHARES-REINVESTED> 712
<NET-CHANGE-IN-ASSETS> 11220
<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> 251
<AVERAGE-NET-ASSETS> 64036
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .01
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>PLATINUM CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
