0000950134-08-022968 Sample Contracts

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and The Renaissance Group LLC, dba Renaissance Investment Management (the “Adviser”);

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FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Logan Circle Partners, L.P. (the “Adviser”);

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon, Inc., a Delaware Corporation (the “Manager”), and Lazard Asset Management LLC (the “Adviser”);

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Hotchkis and Wiley Capital Management LLC (the “Adviser”);

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Morgan Stanley Investment Management Inc. (the “Adviser”);

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made as of this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and The Boston Company Asset Management, LLC (the “Adviser”);

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Causeway Capital Management LLC (the “Adviser”);

AMERICAN BEACON FUNDS AMERICAN BEACON MILEAGE FUNDS AMERICAN BEACON SELECT FUNDS AMERICAN BEACON MASTER TRUST MANAGEMENT AGREEMENT
Management Agreement • December 31st, 2008 • American Beacon Funds • Texas

This Agreement is made as of September 12, 2008, by and between the American Beacon Funds, the American Beacon Mileage Funds, the American Beacon Select Funds and the American Beacon Master Trust, each a Massachusetts business trust (each, a “Trust”), on behalf of each Fund of a Trust listed on Schedule A hereto, as may be amended from time to time (each, a “Fund”), and American Beacon Advisors, Inc., a Delaware corporation (“Manager”).

FORM OF AMERICAN BEACON FUNDS AMERICAN BEACON MILEAGE FUNDS AMERICAN BEACON SELECT FUNDS AMERICAN BEACON MASTER TRUST ADMINISTRATION AGREEMENT
Administration Agreement • December 31st, 2008 • American Beacon Funds • Texas

This Agreement is made as of September 12 2008, by and among the American Beacon Funds, the American Beacon Mileage Funds, the American Beacon Select Funds and the American Beacon Master Trust, each a Massachusetts business trust (each a “Trust”), and American Beacon Advisors, Inc., a Delaware corporation (“ABA”).

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Calamos Advisors LLC (the “Adviser”);

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Barrow, Hanley, Mewhinney & Strauss, Inc (the “Adviser”);

FORM OF AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2008 • American Beacon Funds

AGREEMENT made this 12th day of September, 2008 by and between America Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Goldman Sachs Asset Management, LP (the “Adviser”);

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