AMERICAN AADVANTAGE FUNDS
AMR Class
Institutional Class
PlanAhead Class
Supplement dated November 30, 2000 to the Prospectuses dated March 1, 2000
Under Investment Advisers on pages five and seven, Independence Investment
Associates, Inc. is hereby removed.
Under Investment Advisers on page seven, Metropolitan West Capital Management,
LLC is hereby added.
Under the section titled The Investment Advisers, the last sentence of the
paragraph describing Independence Investment Associates, Inc. is hereby changed
to read as follows:
IIA serves as an investment adviser to the International Equity Fund.
Under the section titled The Investment Advisers, the following paragraph is
hereby added:
METROPOLITAN WEST CAPITAL MANAGEMENT, LLC ("MetWest"), 610 Newport Center
Drive, Suite 150, Newport Beach, California 92660, is a professional
investment counseling firm founded in 1999. The firm is an affiliate of
Metropolitan West Securities, Inc., a wholly-owned subsidiary of
Metropolitan West Financial, Inc. As of October 27, 2000, MetWest had
approximately $1.3 billion of assets under management. MetWest serves as
an investment adviser to the Large Cap Value Fund.
