BANKING & FINANCE - Aug. 24, 1993
From Times Staff and Wire Reports
Money Fund to Award Frequent-Flier Miles: American Airlines has teamed up with a San Diego-based discount brokerage to sell a money market fund that awards frequent-flier miles as well as interest. Consumers will be able to invest in the American Aadvantage Money Market Fund through Jack White & Co., which is the first brokerage firm to market the fund. Investors will receive one frequent-flier mile for each $10 invested in the Mileage Class fund on an annual basis.
