AMERICAN AADVANTAGE FUNDS
AMERICAN AADVANTAGE MILEAGE FUNDS
Platinum Class
Supplement to the Statement of Additional Information dated March 1, 1999
The last paragraph on page 5 is changed to read as follows:
As compensation for their service to the Trusts and the AMR Trust, the
Independent Trustees and their spouses receive free air travel from American
Airlines, Inc., an affiliate of the Manager. The Trusts and the AMR Trust pay
American Airlines the flight service charges incurred for these travel
arrangements. The Trusts and the AMR Trust compensate each Trustee with payments
in an amount equal to the Trustees' income tax on the value of this free airline
travel. Mr. O'Sullivan, as a retiree of American Airlines, Inc., already
receives flight benefits. The Trusts compensate Mr. O'Sullivan up to $10,000
annually to cover his personal flight service charges and the charges for his
three adult children, as well as any income tax charged on the value of these
flight benefits. Trustees are also reimbursed for any expenses incurred in
attending Board meetings. These amounts (excluding reimbursements) are
reflected in the following table for the fiscal year ended October 31, 1998.
The compensation amounts below include the flight service charges paid by the
Trusts and the AMR Trust to American Airlines.
In the table following the above paragraph, the columns titled Aggregate
Compensation From the AAdvantage Trust, Aggregate Compensation From the Mileage
Trust and Total Compensation From American AAdvantage Funds Complex should
appear as follows:
Aggregate Aggregate Total Compensation
Compensation Compensation From American
From the From the AAdvantage Funds
AAdvantage Trust Mileage Trust Complex
$ 0 $ 0 $ 0
$10,350 $10,350 $41,400
$10,200 $10,200 $40,801
$ 460 $ 460 $ 1,842
$ 3,590 $ 3,590 $14,358
$ 5,064 $ 5,064 $20,255
$23,126 $23,126 $92,505
