October 13, 2006

AMERICAN BEACON MONEY MARKET ASSETS
SURPASS $15 BILLION

American Beacon Advisors, Inc., manager of the American Beacon Funds, announced on October 3, 2006 that total assets under management, including offshore assets, for their money market funds surpassed $15 billion.

“This is a milestone for American Beacon Advisors as well as our money market funds,” said Bill Quinn, Chairman and CEO of American Beacon Advisors. “Our ‘active’ portfolio investment strategy has allowed our investment team to deliver consistently strong yields. The American Beacon Money Market Select Fund was ranked #1 out of 181 funds in iMoneyNet’s Prime Institutional Money Market Funds Category for 7-day yield as of September 29, 2006.”

American Beacon’s cash plus portfolios are also headed for a milestone with combined assets under management of $4.9 billion. The U.S. Government Money Market Funds managed by American Beacon total $440.6 million in assets.

American Beacon’s money market expertise is available through multiple funds and classes designed to meet the needs of various investors. For example, the taxable money market strategy is offered through the Money Market Select Fund (ASRXX), Beacon Fund – Cash Management Class (AAEXX), Beacon Fund – Institutional Class (AADXX), Beacon Fund – PlanAhead Class (APAXX), Beacon Fund – Platinum Class (AAPXX), Mileage Fund – Mileage Class (AVMXX), and Mileage Fund-Platinum Class (ADVXX). Assets under management across all money market funds were $15,194,331,822 as of October 3, 2006.

The iMoneyNet ranking is historical and may not be indicative of future returns. An investment in the Money Market Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these Funds.

About American Beacon Advisors, Inc.
American Beacon Advisors, Inc., a wholly owned subsidiary of AMR Corporation, is an experienced provider of investment advisory services to institutional and retail markets. Since 1986, American Beacon Advisors has offered a variety of products and investment advisory services to numerous institutional and retail clients, including a variety of mutual funds, corporate cash management, and separate account management. American Beacon uses a “manager-of managers” strategy to combine the talents of multiple, leading investment advisory firms within the equity American Beacon Funds. According to Pensions & Investments, American Beacon Advisors was listed the 91st largest U.S. money manager as of May 29, 2006. Strategic Insight also listed American Beacon as the 20th fastest growing fund manager for 2005.

You should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other information is available in each Fund’s prospectus, which you may obtain at www.americanbeaconfunds.com or by calling 1-800-967-9009. Please read the prospectus carefully before investing.