EXHIBIT 99.m22


                     AMENDMENT NO. 2 TO MASTER DISTRIBUTION
                    AND INDIVIDUAL SHAREHOLDER SERVICES PLAN
                                       OF
                      AMERICAN CENTURY CALIFORNIA TAX-FREE
                               AND MUNICIPAL FUNDS
                        AMERICAN CENTURY INVESTMENT TRUST
                        AMERICAN CENTURY MUNICIPAL TRUST
                       AMERICAN CENTURY MUTUAL FUNDS, INC.
                    AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
                    AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.

                                     A CLASS

     THIS  AMENDMENT NO. 2 TO MASTER  DISTRIBUTION  AND  INDIVIDUAL  SHAREHOLDER
SERVICES PLAN is made as of the 30th day of September, 2004 by each of the above
named  corporations  (the "Issuers").  Capitalized  terms not otherwise  defined
herein shall have the meaning  ascribed to them in the Master  Distribution  and
Individual Shareholder Services Plan.

                                    RECITALS

     WHEREAS,  the  Issuers  are parties to a certain  Master  Distribution  and
Individual  Shareholder  Services  Plan  dated  September  3,  2002 and  amended
February 27, 2004 (the "Plan"); and

     WHEREAS, American Century Strategic Asset Allocations,  Inc. has added an A
class  of  shares  for the  Strategic  Allocation:  Aggressive  Fund,  Strategic
Allocation:  Moderate Fund and  Strategic  Allocation:  Conservative  Fund ("New
Classes"); and

     WHEREAS,  the parties  desire to amend the Plan to adopt the Plan on behalf
of the New Classes;

     NOW,  THEREFORE,  in consideration of the mutual promises set forth herein,
the parties hereto agree as follows:

     1. American  Century  Strategic Asset  Allocations,  Inc. hereby adopts the
Plan on behalf of the Fund, in accordance with Rule 12b-1 under the 1940 Act and
on the terms and conditions contained in the Plan.

     2. Schedule A to the Plan is hereby amended by deleting the text thereof in
its entirety and inserting in lieu therefor the Schedule A attached hereto.


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     3. After the date  hereof,  all  references  to the Plan shall be deemed to
mean the Master  Distribution  and  Individual  Shareholder  Services  Plan,  as
amended by this Amendment No. 2.

     4. In the event of a conflict between the terms of this Amendment No. 2 and
the Plan,  it is the  intention of the parties that the terms of this  Amendment
No. 2 shall  control and the Plan shall be  interpreted  on that  basis.  To the
extent the provisions of the Plan have not been amended by this Amendment No. 2,
the parties hereby confirm and ratify the Plan.

     5. This Amendment No. 2 may be executed in two or more  counterparts,  each
of which shall be an original and all of which  together  shall  constitute  one
instrument.

     IN WITNESS  WHEREOF,  the undersigned have executed this Amendment No. 2 as
of the date first above written.

                                 AMERICAN CENTURY CALIFORNIA TAX-FREE
                                    AND MUNICIPAL FUNDS
                                 AMERICAN CENTURY INVESTMENT TRUST
                                 AMERICAN CENTURY MUNICIPAL TRUST
                                 AMERICAN CENTURY MUTUAL FUNDS, INC.
                                 AMERICAN CENTURY WORLD MUTUAL
                                    FUNDS, INC.
                                 AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
                                 AMERICAN CENTURY STRATEGIC ASSET
                                    ALLOCATIONS, INC.


                                 BY:  /s/ Charles A. Etherington
                                      -----------------------------------------
                                      Charles A. Etherington
                                      Vice President of each of the Issuers



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                                   SCHEDULE A

                         SERIES OFFERING A CLASS SHARES

SERIES                                                   DATE PLAN EFFECTIVE
------                                                   -------------------

American Century California Tax-Free And
Municipal Funds
>>       California High-Yield Municipal Fund            September 3, 2002

American Century Investment Trust
>>       Prime Money Market Fund                         September 3, 2002
>>       Diversified Bond Fund                           September 3, 2002
>>       High-Yield Fund                                 September 3, 2002

American Century Municipal Trust
>>       High-Yield Municipal Fund                       September 3, 2002
>>       Arizona Municipal Bond Fund                     February 27, 2004
>>       Florida Municipal Bond Fund                     February 27, 2004

American Century Mutual Funds, Inc.
>>       Select Fund                                     September 3, 2002
>>       New Opportunities II Fund                       September 3, 2002
>>       Large Company Growth Fund                       September 3, 2002
>>       Capital Growth Fund                             February 27, 2004

American Century World Mutual Funds, Inc.
>>       International Growth Fund                       September 3, 2002

American Century Capital Portfolios, Inc.
>>       Large Company Value Fund                        September 3, 2002
>>       Value Fund                                      September 3, 2002

American Century Strategic Asset Allocations, Inc.
>>       Strategic Allocation: Aggressive Fund           September 30, 2004
>>       Strategic Allocation: Moderate Fund             September 30, 2004
>>       Strategic Allocation: Conservative Fund         September 30, 2004




By:   /s/ Charles A. Etherington
      -----------------------------------------------
Name:  Charles A. Etherington
Title: Vice President
Date:  September 30, 2004

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