American Beacon Advisors

American Beacon Advisors as of June 30, 2005

Portfolio Holdings for American Beacon Advisors

American Beacon Advisors holds 0 positions in its portfolio as reported in the June 2005 quarterly 13F filing

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                 TITLE OF                 VALUE       SHRS OR  SH/  PUT/   INVESTMENT     OTHER      VOTING AUTHORITY
NAME OF ISSUER    CLASS      CUSIP      (x$1000)      PRN AMT  PRN  CALL   DISCRETION    MANAGERS    SOLE  SHARED  NONE
--------------  ----------  -------  ---------  ---------  --------  --------  ----------  --------  ----------------
{S}                {C}       {C}          {C}          {C}    {C}  {C}       {C}         {C}       {C}    {C}    {C}
                  SDCV
AES Corp        4.500% 8/1  00130HAN5     2,750      2,750,000 PRN           DEFINED                2,750,000