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<PAGE> PAGE 2
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<PAGE> PAGE 3
010 C031001 76155
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE T.J. JENKINS
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE S&P 500 INDEX FUND
<SERIES>
<NUMBER> 003
<NAME> AMERICAN AADVANTAGE S&P 500 INDEX FUND - INSTITUTIONAL CLASS
<MULTIPLIER> 1000
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
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<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
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<ARTICLE> 6
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE S&P 500 INDEX FUND
<SERIES>
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<NAME> AMERICAN AADVANTAE S&P 500 INDEX FUND - PLANAHEAD CLASS
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<S> <C>
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<F1>PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
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</TABLE>
