In my opinion, the best 'bang for the point' in conversion to AA miles would be one of the
Complete Travel Package awards.
For 235-270K points, you get up to 120K AA miles and a week at any Marriott (non-Vacation Club) location worldwide.
Note that if miles are awarded based on destination selected, there are certain strategies that you might want to employ to maximize your miles.
[This message has been edited by BillMorrow (edited 02-22-2002).]