AMR CORP
DEFERRED COMPENSATION AGREEMENT - JOE M. RODGERS
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<TYPE>EX-10.54
<SEQUENCE>11
<FILENAME>d33303exv10w54.htm
<DESCRIPTION>DEFERRED COMPENSATION AGREEMENT - JOE M. RODGERS
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.54</B>
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    <TD align="left" valign="top">November&nbsp;29, 2005</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Joe M. Rodgers<BR>
Chairman<BR>
The JMR Group<BR>
P. O. Box 158838<BR>
Nashville, TN 37215-8838

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Joe:
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This will confirm the following agreement relating to the deferral of your director&#146;s fees in
2006.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;All director&#146;s fees and retainers (&#147;Fees&#148;) payable to you in connection with your service
on the boards of directors (including committees of such boards) of AMR Corporation and American
Airlines, Inc. for the period January&nbsp;1, 2006 through the date of the annual meeting of AMR
Corporation, will be deferred and paid to you in accordance with this letter agreement.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Fees will be converted to Stock Equivalent Units in accordance with the Directors&#146; Stock
Equivalent Purchase Plan, a copy of which is attached hereto as Exhibit&nbsp;A (the &#147;Plan&#148;).
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;On the 30<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> business day after the date when you cease to be a Director of AMR
Corporation, the Stock Equivalent Units accrued in 2006 pursuant to the Plan will be converted to
cash and paid to you by multiplying the number of such Stock Equivalent Units by the arithmetic
mean of the high and the low of AMR stock (&#147;fair market value&#148;) during the month when you ceased to
be a Director of AMR Corporation.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;In the event of your death, the number of Stock Equivalent Units as of your date of death
will be multiplied by the fair market value of AMR stock during the calendar month immediately
preceding your death, and the amount paid to Helen Rodgers. The payment contemplated by this
paragraph 4 will be made on the 30<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> business day following the date of your death.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the foregoing is satisfactory to you, please indicate by signing one of the originals (two
are enclosed) and returning it to me.
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    <TD align="left" valign="top">Very truly yours,</TD>
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    <TD align="left" valign="top">Charles D. MarLett<BR>
Corporate Secretary</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Accepted and agreed:</DIV></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Joe M. Rodgers
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Joe M. Rodgers</DIV></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12/10/2005
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date</DIV></TD>
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