Exhibit 99.d(ii)(LL)
AMENDMENT TO
AMERICAN AADVANTAGE FUNDS
INVESTMENT ADVISORY AGREEMENT
This Amendment to the Investment Advisory Agreement ("Amendment") is
effective as of August 27, 2004 by and between AMR Investment Services, Inc., a
Delaware corporation ("AMRIS"), and NISA Investment Advisors, LLC (the
"Investment Manager"), a registered investment adviser under the Investment
Advisers Act of 1940, as amended.
Whereas, AMRIS and the Investment Manager entered into an Investment
Advisory Agreement dated June 30, 2004, (the "Agreement"), and they desire to
amend the Agreement as provided herein;
Now therefore, in consideration of the mutual covenants and promises
set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:
1. Amendment.
Section 2 of the Agreement is hereby deleted and replaced with the
following:
"2. Portfolio Transactions. The Adviser is authorized to
select the brokers or dealers (including, to the extent permitted by
law and applicable Trust guidelines, the Adviser or any of its
affiliates) that will execute the purchases and sales of portfolio
securities for the Portfolios and is directed to use its best efforts
to obtain the best net results with respect to brokers' commissions and
discounts as described in the Trust's current registration statement as
amended from time to time. In selecting brokers or dealers, the Adviser
may give consideration to factors other than price, including, but not
limited to, research services and market information. Any such services
or information which the Adviser receives in connection with activities
for the Trust may also be used for the benefit of other clients and
customers of the Adviser or any of its affiliates. The Adviser will
promptly communicate to the Manager and to the officers and the
Trustees of the Trust such information relating to portfolio
transactions as they may reasonably request. The Adviser shall not,
without the prior approval of the Manager, effect any transactions
which would cause the portion of the Portfolio's assets designated to
the Adviser to be out of compliance with any restrictions or policies
of the Portfolio established by the Manager or set forth in the
Portfolio's registration statement. The Adviser shall not consult with
any other investment sub-adviser of the Portfolio concerning
transactions for the Portfolio in securities or other assets."
2. Ratification and Confirmation of Agreement. Except as specifically
set forth herein, the Agreement is hereby ratified and confirmed in
all respects and shall remain in full force and effect.
3. Counterparts. This amendment may be executed in counterparts, each
of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have duly executed this
Amendment to be effective as of the 27th day of August, 2004.
NISA INVESTMENT ADVISORS, LLC AMR INVESTMENT SERVICES, INC.
By: By:
------------------------ --------------------------------
Name: Xxxxxxx X. Xxxxx
Title: President
Address: Address:
0000 Xxxx Xxxxxx Xxxx., XX 0000
Xx. Xxxxx, XX 00000
Attn: Xxxxxxx X. Xxxxx
Fax: (000) 000-0000
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