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AA Frequent Flyer Flight bookings to Europe

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Everyone:
I've got some AA Frequent Flyer miles I'm intending to use for a trip to Europe this fall. I'll be doing a multi-city trip from Chicago, flying into London LHR and returning from Madrid. When I ran a round trip flight (over a 20 day period to- from), it was 60,000 miles + about $480 in additional fees. However, when I ran the same dates, a one-way to London = 30,000 + only a $5.36 fee, then separately, a one way return from Madrid= 20,000 + $152 in fees. Doing it one way, each way saves 10,000 miles and over $300. But, of course I'm wary of what AA would do if I first book the one-way to London, then try to book the one-way back from Madrid. Will the extra fees kick in after I have the first one-way flight on record?
Has anyone tried to save miles and $$ using AA miles in this way? Will it work? All informed responses (no speculation please) would be very welcome. Thanks!

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