NOTES TO FINANCIAL STATEMENTS
April 30, 1999
1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
American AAdvantage Funds (the "Trust") is organized as a Massachusetts business trust and is registered under
the Investment Company Act of 1940, as amended, as a no-load, open-end management investment company.
These financial statements and notes to the financial statements relate to the American AAdvantage Money
Market, American AAdvantage Municipal Money Market and American AAdvantage U.S. Government Money
Market Funds (each a "Fund" and collectively, the "Funds"), each a series of the Trust. The Trust commenced
sales on August 1, 1994 of a second class of shares of the Funds, designated as "PlanAhead Class" shares and
on November 7, 1995 a third class of shares of the Funds, designated as "Platinum Class" shares.
Each Fund invests all of its investable assets in the corresponding portfolio of the AMR Investment Services
Trust, an open-end diversified management investment company, as follows:
Each AMR Investment Services Portfolio has the same investment objectives as its corresponding Fund. The
value of such investment reflects each Fund's proportionate interest in the net assets of the corresponding
portfolio (89.17%, 80.11% and 87.38% at April 30, 1999 of the AMR Investment Services Money Market,
Municipal Money Market and U.S. Government Money Market Portfolios, respectively) (each a "Portfolio" and
collectively the "Portfolios"). The financial statements of the Portfolios are included elsewhere in this report and
should be read in conjunction with the Funds' financial statements.
AMR Investment Services, Inc. (the "Manager") is a wholly-owned subsidiary of AMR Corporation, the parent
company of American Airlines, Inc. ("American"), and was organized in 1986 to provide business management,
advisory, administrative and asset management consulting services to the Trust and other investors.
The following is a summary of the significant accounting policies followed by the Funds.