0000950134-06-006425 Sample Contracts

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TO THE
Management Agreement • March 31st, 2006 • American Beacon Funds
AMENDMENT TO SECURITIES LENDING AGREEMENT BETWEEN AMERICAN BEACON FUNDS (formerly AMERICAN AADVANTAGE FUNDS) AND STATE STREET BANK AND TRUST COMPANY
Securities Lending Agreement • March 31st, 2006 • American Beacon Funds

WHEREAS, American Beacon Funds (formerly American AAdvantage Funds) ("Client") and State Street Bank and Trust Company ("State Street") entered into a Securities Lending Agreement dated January 2, 1998, as subsequently amended on January 1, 1999, August 17, 2000, July 1, 2003 and June 30, 2004 (the "Agreement");

CUSTODIAN AGREEMENT SCHEDULE D
Custody Agreement and Transfer Agency and Service Agreement • March 31st, 2006 • American Beacon Funds

This is to advise you that the American Beacon Funds ("the Funds") have established a new series, the Small Cap Value Opportunity Fund. In accordance with the Additional Funds provisions of Section 20 of the Custodian Contract dated December 1, 1997 and Section 15 of the Transfer Agency and Services Agreement dated January 1, 1998 between the Funds and State Street Bank and Trust Company, the Funds hereby request that you act as Custodian and Transfer Agent for the Small Cap Value Opportunity Fund.

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