AMERICAN AADVANTAGE FUNDS
AMR Class
Institutional Class
PlanAhead Class
Supplement dated October 11, 2000 to the Prospectuses dated March 1, 2000
Under the section titled The Investment Advisers, the paragraph describing
Barrow, Hanley, Mewhinney & Strauss, Inc. is hereby changed to read as follows:
BARROW, HANLEY, MEWHINNEY & STRAUSS, INC. ("Barrow"), 3232 McKinney Avenue,
15th Floor, Dallas, Texas 75204, is a professional investment counseling firm
which has been providing investment advisory services since 1979. The firm is
wholly owned by United Asset Management Corporation, a Delaware corporation,
which is a wholly-owned subsidiary of Old Mutual plc, an international
financial services group. As of December 31, 1999, Barrow had discretionary
investment management authority with respect to approximately $29.1 billion of
assets, including approximately $1.3 billion of assets of AMR and its
subsidiaries and affiliated entities. Barrow serves as an investment adviser
to the Balanced, Large Cap Value, Intermediate Bond and Short-Term Bond Funds,
although the Manager does not presently intend to allocate any of the assets in
the Short-Term Bond Fund to Barrow.
