0000950134-09-004056 Sample Contracts

AMERICAN BEACON FUNDS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 27th, 2009 • American Beacon Funds

AGREEMENT made this 18th day of November, 2008 by and between American Beacon Advisors, Inc., a Delaware Corporation (the “Manager”), and Metropolitan West Capital Management, LLC (the “Adviser”);

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Amendment to the AMERICAN BEACON FUNDS AMERICAN BEACON MILEAGE FUNDS AMERICAN BEACON SELECT FUNDS AMERICAN BEACON MASTER TRUST MANAGEMENT AGREEMENT
Management Agreement • February 27th, 2009 • American Beacon Funds

The attached amended Schedule A replaces Schedule A of the Management Agreement dated September 12, 2008 (the “Agreement”) 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”).

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