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EXHIBIT 99(d)(iii)(F)
SUPPLEMENTAL TERMS AND CONDITIONS TO
THE ADMINISTRATIVE SERVICES AGREEMENT BETWEEN THE
AMERICAN AADVANTAGE FUNDS
AND
AMR INVESTMENT SERVICES, INC.
The following terms and conditions hereby are incorporated into the
Administrative Services Agreement ("Agreement") dated November 1, 1995 as
supplemented November 21, 1997, September 1, 1998, January 1, 1999, March 1,
2000, and May 19, 2000 between the American AAdvantage Funds ("Trust") and AMR
Investment Services, Inc. ("Manager"). To the extent that there is any conflict
between the terms and conditions of the Agreement and these Supplemental Terms
and Conditions ("Supplement"), this Supplement shall govern.
1. Paragraph 3 of the Agreement is hereby amended to read, in its
entirety, as follows:
3. Fees for Administrative Services. As compensation for its
administrative services pursuant to Section 2 of this Agreement, the
Trust shall pay AMR an annualized fee equal as follows:
a. If a Fund manages its assets directly or invests all of its
investable assets (i.e., securities and cash) in another registered
investment company where AMR does not act as Manager and Administrator,
the Trust shall pay AMR an annualized fee equal to: (1) 0.05% of the
net assets of the AMR Class of the Balanced Fund, the Large Cap Value
Fund, the International Equity Fund, the Intermediate Bond Fund, the
Short-Term Bond Fund, the Small Cap Value Fund, the Large Cap Growth
Fund and the Emerging Markets Fund, 0.05% of the net assets of the
Institutional Class of the S&P 500 Index Fund, the Small Cap Index Fund
and the International Equity Index Fund, and 0.30% of the net assets of
all other classes of the Balanced Fund, the Large Cap Value Fund, the
International Equity Fund, the Intermediate Bond Fund, the Short-Term
Bond Fund, the Small Cap Value Fund, the S&P 500 Index Fund, the Large
Cap Growth Fund, the Emerging Markets Fund, the Small Cap Index Fund,
the International Equity Index Fund and the High Yield Bond Fund; (2)
0.10% of the net assets of the Money Market Fund, the Municipal Money
Market Fund and the U.S. Government Money Market Fund; and (3) such
percentage of any other class or Fund encompassed by this Agreement as
specified by one or more schedules attached hereto.
b. If a Fund invests all of its investable assets (i.e., securities and
cash) in another registered investment company for which AMR acts as
Manager and Administrator, the Trust shall pay AMR an annualized fee
equal to: (1) 0.00% of the net assets of the AMR Class, 0.05% of the
net assets of the Institutional Class of the S&P 500 Index Fund, the
Small Cap Index Fund and the International
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Equity Index Fund, and 0.25% of the net assets of all other classes of
the Balanced Fund, the Large Cap Value Fund, the International Equity
Fund, the Intermediate Bond Fund, the Short-Term Bond Fund, the Small
Cap Value Fund, the S&P 500 Index Fund, the Large Cap Growth Fund, the
Emerging Markets Fund, the Small Cap Index Fund, the International
Equity Index Fund and the High Yield Bond Fund; (2) 0.10% of the net
assets of the Money Market Fund, the Municipal Money Market Fund and
the U.S. Government Money Market Fund; and (3) such percentage of any
other class or Fund encompassed by this Agreement as specified by one
or more schedules attached hereto.
The above-described compensation shall be calculated and accrued daily
and be payable quarterly. The Trust acknowledges that none of the compensation
paid pursuant to this Agreement is compensation for portfolio allocation or
investment advisory functions performed by AMR pursuant to its separate
Management Agreement with the Trust; rather, AMR is compensated for those
services pursuant to a separate Management Agreement between the Trust and AMR.
2. Notice is hereby given that the Agreement and this Supplement are
executed on behalf of the Trustees of the Trust and not individually and that
the obligations of the Agreement and the Supplement are not binding upon any of
the Trustees, officers, or shareholders of the Trust, but are binding only upon
the assets and property of the Fund to which the Agreement and this Supplement
relate.
Dated: November 16, 2000
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AMERICAN AADVANTAGE FUNDS
By:
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Xxxxx X. Xxxxxxxxx
Vice President and Assistant Secretary
AMR INVESTMENT SERVICES, INC.
By:
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Xxxxxxx X. Xxxxx
President
