American AAdvantage Mileage Funds
Supplement dated June 1, 1998 to the Prospectus dated March 1, 1998
The third paragraph under "INVESTMENT ADVISERS" on page 23 is
modified to read as follows:
Michael W. Fields is responsible for the day-to-day
portfolio management of the Short-Term Bond Fund and its
corresponding Portfolio, as well as the portion of the
Intermediate Bond Fund and its corresponding Portfolio allocated
to the Manager. Mr. Fields has been with the Manager since it
was founded in 1986 and serves as Vice President-Fixed Income
Investments.
