Exhibit 99.d(ii)(MM)
SECOND AMENDMENT TO AMERICAN AADVANTAGE
FUNDS INVESTMENT ADVISORY AGREEMENT
This Second Amendment to the Investment Advisory Agreement ("Second Amendment")
is effective as of June 1, 2004 by and between AMR Investment Services, Inc., a
Delaware corporation (the "Manager"), and Post Advisory Group, LLC (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 October 15, 2003, as amended pursuant to that certain Amendment
to Investment Advisory Agreement effective February 9, 2004 (as so amended, the
"Agreement"),
Whereas, the Manager and the Adviser 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. The reference to "0.55%" set forth in Schedule A to the Agreement
is hereby deleted and "0.42%" is substituted therefor.
2. Ratification. 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 Second 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 Second Amendment
to be effective as of the 1st day of June 2004.
POST ADVISORY GROUP, LLC
By: __________________________
Xxxxxx Xxxxxxx
President
AMR INVESTMENT SERVICES, INC.
By: __________________________
Xxxxxxx X. Xxxxx
President
