American Beacon Advisors, Inc. announced that the following American Beacon Funds have been accepted to participate in the U.S. Treasury Temporary Guarantee Program for 2a-7 money market funds: American Beacon Money Market Select Fund (ASRXX), American Beacon Money Market Fund Institutional Class (AADXX), American Beacon MMF PlanAhead Class (APAXX), American Beacon MMF Cash Management Class (AAEXX), American Beacon MMF BBH ComSet Class (ABHXX), American Beacon Money Market Mileage Fund (AVMXX), American Beacon U.S. Government Money Market Select Fund (AAOXX), American Beacon U.S. Government MMF PlanAhead Class (AUPXX), American Beacon U.S. Government MMF Cash Management Class (AAUXX). The press release says, "The Funds' portfolio holdings are S&P rated A-1+, P-1 for credit quality and do not include holdings in Lehman Brothers Holdings, Inc., American International Group, Inc. (AIG), Washington Mutual, Inc., Wachovia Corporation, or any of these entities' subsidiaries. Each Money Market Fund's net asset value as calculated on September 19, 2008 was $1.00 per share. The U.S. Treasury Temporary Guarantee Program provides a guarantee to participating money market mutual fund shareholders based on the number of shares invested in the Fund at the close of business on September 19, 2008. Any increase in the number of shares a shareholder holds after the close of business on September 19, 2008 will not be guaranteed.... If the number of shares a shareholder holds fluctuates over the period, the shareholder will be covered for either the number of shares held as of the close of business on September 19, 2008, or the current amount, whichever is less. The Program expires on December 18, 2008, unless extended by the United States Treasury."
