POWER OF ATTORNEY

         I, Alan D. Feld, Trustee of AMR Investment Services Trust, the
American AAdvantage Funds, the American AAdvantage Mileage Funds, and the
American AAdvantage Select Funds (collectively, the "Trusts"), hereby constitute
and appoint William F. Quinn and Barry Y. Greenberg my true and lawful attorney
with full power to sign for me in my capacity as Trustee for the Trusts any
registration statement on Form N-14 under the Securities Act of 1933 and/or the
Investment Company Act of 1940 and any amendments thereto of the Trusts and all
instruments necessary or desirable in connection therewith, hereby ratifying and
confirming my signature as it may be signed by said attorney to any and all
amendments to said registration statements.

         Pursuant to the requirements of the Securities Act of 1933, as amended,
this instrument has been signed below by the following in my capacity and on the
14th day of December, 2001.


Signature                                   Title
- ---------                                   -----

/s/ Alan D. Feld                            Trustee
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Alan D. Feld



                               POWER OF ATTORNEY

         I, Ben J. Fortson, Trustee of AMR Investment Services Trust, the
American AAdvantage Funds, the American AAdvantage Mileage Funds, and the
American AAdvantage Select Funds (collectively, the "Trusts"), hereby constitute
and appoint William F. Quinn and Barry Y. Greenberg my true and lawful attorney
with full power to sign for me in my capacity as Trustee for the Trusts any
registration statement on Form N-14 under the Securities Act of 1933 and/or the
Investment Company Act of 1940 and any amendments thereto of the Trusts and all
instruments necessary or desirable in connection therewith, hereby ratifying and
confirming my signature as it may be signed by said attorney to any and all
amendments to said registration statements.

         Pursuant to the requirements of the Securities Act of 1933, as amended,
this instrument has been signed below by the following in my capacity and on the
11th day of December, 2001.


Signature                                   Title
- ---------                                   -----

/s/ Ben J. Fortson                          Trustee
- -------------------------------
Ben J. Fortson



                               POWER OF ATTORNEY

         I, Dee J. Kelly, Jr., Trustee of AMR Investment Services Trust, the
American AAdvantage Funds, the American AAdvantage Mileage Funds, and the
American AAdvantage Select Funds (collectively, the "Trusts"), hereby constitute
and appoint William F. Quinn and Barry Y. Greenberg my true and lawful attorney
with full power to sign for me in my capacity as Trustee for the Trusts any
registration statement on Form N-14 under the Securities Act of 1933 and/or the
Investment Company Act of 1940 and any amendments thereto of the Trusts and all
instruments necessary or desirable in connection therewith, hereby ratifying and
confirming my signature as it may be signed by said attorney to any and all
amendments to said registration statements.

         Pursuant to the requirements of the Securities Act of 1933, as amended,
this instrument has been signed below by the following in my capacity and on the
11th day of December, 2001.


Signature                                   Title
- ---------                                   -----

/s/ Dee J. Kelly, Jr.                       Trustee
- -------------------------------
Dee J. Kelly, Jr.



                               POWER OF ATTORNEY

         I, Stephen D. O'Sullivan, Trustee of AMR Investment Services Trust, the
American AAdvantage Funds, the American AAdvantage Mileage Funds, and the
American AAdvantage Select Funds (collectively, the "Trusts"), hereby constitute
and appoint William F. Quinn and Barry Y. Greenberg my true and lawful attorney
with full power to sign for me in my capacity as Trustee for the Trusts any
registration statement on Form N-14 under the Securities Act of 1933 and/or the
Investment Company Act of 1940 and any amendments thereto of the Trusts and all
instruments necessary or desirable in connection therewith, hereby ratifying and
confirming my signature as it may be signed by said attorney to any and all
amendments to said registration statements.

         Pursuant to the requirements of the Securities Act of 1933, as amended,
this instrument has been signed below by the following in my capacity and on the
12th day of December, 2001.


Signature                                   Title
- ---------                                   -----

/s/ Stephen D. O'Sullivan                   Trustee
- -------------------------------
Stephen D. O'Sullivan



                               POWER OF ATTORNEY

         I, R. Gerald Turner, Trustee of AMR Investment Services Trust, the
American AAdvantage Funds, the American AAdvantage Mileage Funds, and the
American AAdvantage Select Funds (collectively, the "Trusts"), hereby constitute
and appoint William F. Quinn and Barry Y. Greenberg my true and lawful attorney
with full power to sign for me in my capacity as Trustee for the Trusts any
registration statement on Form N-14 under the Securities Act of 1933 and/or the
Investment Company Act of 1940 and any amendments thereto of the Trusts and all
instruments necessary or desirable in connection therewith, hereby ratifying and
confirming my signature as it may be signed by said attorney to any and all
amendments to said registration statements.

         Pursuant to the requirements of the Securities Act of 1933, as amended,
this instrument has been signed below by the following in my capacity and on the
13th day of December, 2001.


Signature                                   Title
- ---------                                   -----

/s/ R. Gerald Turner                       Trustee
- -------------------------------
R. Gerald Turner



                               POWER OF ATTORNEY

         I, Kneeland Youngblood, Trustee of AMR Investment Services Trust, the
American AAdvantage Funds, the American AAdvantage Mileage Funds, and the
American AAdvantage Select Funds (collectively, the "Trusts"), hereby constitute
and appoint William F. Quinn and Barry Y. Greenberg my true and lawful attorney
with full power to sign for me in my capacity as Trustee for the Trusts any
registration statement on Form N-14 under the Securities Act of 1933 and/or the
Investment Company Act of 1940 and any amendments thereto of the Trusts and all
instruments necessary or desirable in connection therewith, hereby ratifying and
confirming my signature as it may be signed by said attorney to any and all
amendments to said registration statements.

         Pursuant to the requirements of the Securities Act of 1933, as amended,
this instrument has been signed below by the following in my capacity and on the
13th day of December, 2001.


Signature                                   Title
- ---------                                   -----

/s/  Kneeland Youngblood                    Trustee
- -------------------------------
 Kneeland Youngblood