EXHIBIT (g)(ii)

State Street Bank and Trust Company
1776 Heritage Drive
North Quincy, MA 02171

Re:      Custody Agreement
         Transfer Agency and Service Agreement
         American Select Funds

Gentlemen:

This is to advise you that effective December 1, 2001, the American Select Funds
(the "Funds") will be renamed the American AAdvantage Select Funds, and the
American Select Cash Reserve Fund will be renamed the American AAdvantage Money
Market Select Fund. In addition, one new series of the American AAdvantage
Select Funds will be created as of December 1, 2001, known as the American
AAdvantage U.S. Government Money Market Select Fund. In accordance with the
Additional Funds provisions of Section 20 of the Custodian Contract dated
December 31, 1999 and Section 15 of the Transfer Agency and Services Agreement
dated December 31, 1999 between the Funds and State Street Bank and Trust
Company, the Funds hereby request that you act as Custodian and Transfer Agent
for the new series under the terms of the respective contracts.

Pursuant to Section 20 of the above referenced Custodian Contract and Section 15
of the above referenced Transfer Agency and Services Agreement, the Funds hereby
request that Schedule D of the Custodian Contract and Schedule A of the Transfer
Agency and Services Agreement be amended and restated as attached.

Please indicate your acceptance of the foregoing by executing two copies of this
Letter Agreement, returning one to the Funds and retaining one copy for your
records.

American AAdvantage Select Funds

By:
         -------------------------------
         Name: William F. Quinn
         Title: President

Agreed to as of the          day of November, 2001.
                    --------

State Street Bank and Trust Company

By:
         -------------------------------
         Name:
         Title:








                               CUSTODIAN AGREEMENT
                                   SCHEDULE D


                                   PORTFOLIOS

Name of Portfolio                                    Effective Date

MONEY MARKET SELECT FUND                             DECEMBER 31, 1999

U.S. GOVERNMENT MONEY MARKET SELECT FUND             DECEMBER 1, 2001







                      TRANSFER AGENCY AND SERVICE AGREEMENT
                                   SCHEDULE A


                                   PORTFOLIOS

Name of Portfolio

MONEY MARKET SELECT FUND

U.S. GOVERNMENT MONEY MARKET SELECT FUND