AMR <AMR> FORMS NEW INVESTMENT UNIT
AMR Corp, parent company of American
Airlines, said it has formed a new unit named AMR Investment
Services to provide cash and pension fund management services
to AMR and to small and medium-sized companies and
institutional investors.
    AMR said the unit will provide short-term portfolio
management services through either individual segregated
accounts or through a commingled money market portfolio that is
part of a new open-ended mutual fund called American AAdvantage
Funds.
    AMR said the unit will provide pension fund and profit
sharing invetsment management services through the American
AAdvantage Balance Fund, the American AAdvantage Equity Fund
and the American AAdvantage Fixed Income Fund.
    The company said it appointed William Quinn, AMR Corp's
assistant treasurer-funds management, as president of the new
unit.
 Reuter
