<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 809593
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000 J000000 A
001 A000000 AMERICAN AADVANTAGE FUNDS
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002 B000000 FORT WORTH
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007 C021000 AMERICAN AADVANTAGE S&P 5OO INDEX FUND
007 C031000 N
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<PAGE> PAGE 2
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008 A001001 BANKERS TRUST CO.
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<PAGE> PAGE 3
011 A001001 SWS FINANCIAL SERVICES
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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
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000809593
<NAME> AMERICAN AADVANTAGE S&P 500 INDEX FUND
<SERIES>
<NUMBER> 002
<NAME> AMERICAN AADVANTAGE S&P 500 INDEX FUND - INSTITUTIONAL CLASS
<MULTIPLIER> 1000
<S> <C>
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1>INSTITUTIONAL CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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 - PLANAHEAD CLASS
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[AVG-DEBT-OUTSTANDING] 0
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<FN>
<F1>PLANAHEAD CLASS. PER SHARE AMOUNTS ARE BY CLASS.
</FN>
</TABLE>
