EXHIBIT 99.d(ii)(uu)
AMENDMENT TO
AMERICAN AADVANTAGE FUNDS
INVESTMENT ADVISORY AGREEMENT
This Amendment to the Investment Advisory Agreement ("Amendment") is
effective as of February 9, 2004 by and between AMR Investment Services, Inc., a
Delaware corporation (the "Manager"), and Xxxxxx Xxxxxxx Investment Management
Inc. (formerly Xxxxxx Xxxxxxx Xxxx Xxxxxx Investment Management Inc.) (the
"Adviser"), a registered investment adviser under the Investment Advisers Act of
1940, as amended.
Whereas, the Manager and the Adviser entered into an Investment Advisory
Agreement dated July 31, 2000, as subsequently amended on January 1, 2003 and
September 1, 2003 (the "Agreement"), and they desire to further 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 ("Adviser's Assets") 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 as applied
solely to the Adviser's Assets. The Adviser shall not consult with
any other investment sub-adviser of the Portfolio or a sub-adviser
to a portfolio that is under common control with the Portfolio
concerning transactions for the Portfolio in securities or other
assets, except as permitted by Rule 12d3-1 of the Investment Company
Act of 1940, as amended."
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 9th day of February, 2004.
XXXXXX XXXXXXX INVESTMENT AMR INVESTMENT SERVICES, INC.
MANAGEMENT INC.
By: ______________________________ By: ______________________________
Xxxxxxxxxx X. Xxxx Xxxxxxx X. Xxxxx
Executive Director President
Address: Address:
1221 Avenue of the Americas 0000 Xxxx Xxxxxx Xxxx., XX 0000
Xxx Xxxx, XX 00000 Ft. Xxxxx, XX 00000
Attn: Xxxxxxxx Xxxxx Attn: Xxxxxxx X. Xxxxx
Fax: (000) 000-0000 Fax: (000) 000-0000
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