What It Scores
AM is a valid word in the tournament list this site uses. Tile values only, before any premium square: 4 in Scrabble and 4 in Words With Friends. The letters break down as A1 M3.
Anagrams of AM (1)
Same letters, different order. Any of these plays the same tiles for the same score.
Longer Words Containing AM
AM appears inside each of these, which is what makes it worth knowing as a hook.
Next: the Word Unscrambler for any letters at all, and the two and three letter lists. Full entry and definition at Merriam-Webster.