EX-99.N 15 exn-pea35.htm AMENDED AND RESTATED MULTI-CLASS PLAN exhibit
                    AMENDED AND RESTATED MULTIPLE CLASS PLAN
                                       of
            AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
                    AMERICAN CENTURY GOVERNMENT INCOME TRUST
                    AMERICAN CENTURY INTERNATIONAL BOND FUNDS
                        AMERICAN CENTURY INVESTMENT TRUST
                        AMERICAN CENTURY MUNICIPAL TRUST
                    AMERICAN CENTURY TARGET MATURITIES TRUST
                   AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
                    AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
                       AMERICAN CENTURY MUTUAL FUNDS, INC.
               AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
                    AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.


         WHEREAS, each of the above-named corporations (the "Issuers") is an
open-end management investment company registered under the Investment Company
Act of 1940, as amended (the "1940 Act"); and

         WHEREAS, the common stock of the Issuers are currently divided into a
number of separate series of shares; and

         WHEREAS, the Issuers have offered multiple classes of certain of such
series of shares pursuant to Rule 18f-3 under the 1940 Act since the original
Multiple Class Plan was adopted; and

         WHEREAS, the Issuers desire to offer additional classes of certain of
such series of shares pursuant to Rule 18f-3; and

         WHEREAS, Rule 18f-3 requires that the Boards of Directors and Boards of
Trustees of the Issuers (collectively, the "Board"), adopt a written plan
setting forth (1) the specific arrangement for shareholder services and the
distribution of securities for each class, (2) the allocation of expenses for
each class and (3) any related conversion features or exchange privileges; and

         WHEREAS, the Board, including a majority of the Independent
Directors/Trustees, as defined in Section 3d below, have determined that the
following plan (the "Plan"), adopted pursuant to Rule 18f-3 under the 1940 Act,
is in the best interests of each class individually and the Issuers as a whole;

         NOW, THEREFORE, the Issuers hereby adopt, on behalf of the Funds (as
defined in Section 2a below), this Amended and Restated Multiple Class Plan, in
accordance with Rule 18f-3 under the 1940 Act on the following terms and
conditions:



Section 1. Establishment of Plan

As required by Rule 18f-3 under the 1940 Act, this Plan describes the multiple
class system for certain series of shares of the Issuers, including the separate
class arrangements for shareholder services and/or distribution of shares, the
method for allocating expenses to classes and any related conversion features or
exchange privileges applicable to the classes. Upon the effective date of this
Plan, the Issuers elect to offer multiple classes of their shares, as described
herein, pursuant to Rule 18f-3 and this Plan.


Section 2. Features of the Classes

a.       Division into Classes. Each series of shares of the Issuers identified
         in SCHEDULE A attached hereto, and each series of shares of any Issuer
         subsequently added to this Plan (collectively, the "Funds"), may offer
         one or more classes of shares: the Investor Class, the Institutional
         Class, the Advisor Class, the A Class, the B Class, the C Class and the
         C Class II. The classes that each Fund is authorized to issue pursuant
         to this Plan are set forth in SCHEDULE A. Shares of each class of a
         Fund shall represent an equal pro rata interest in such Fund, and
         generally, shall have identical voting, dividend, liquidation and other
         rights, preferences, powers, restrictions, limitations, qualifications,
         and terms and conditions, except that: (A) each class shall have a
         different designation; (B) each class of shares shall bear any Class
         Expenses, as defined in Section 3d(3) below; (C) each class shall have
         exclusive voting rights on any matter submitted to shareholders that
         relates solely to its service arrangement; and (D) each class shall
         have separate voting rights on any matter submitted to shareholders in
         which the interests of one class differ from the interests of any other
         class.

b.       Management Fees.

         (1) Investor Class Unified Fee. The Issuers of the Funds listed on
         SCHEDULE A are each party to a Management Agreement with American
         Century Investment Management, Inc. ("ACIM"), the Funds' investment
         adviser, for the provision of investment advisory and management
         services in exchange for a single, unified fee. Such Management
         Agreement and such unified fee applies to each Fund's Investor Class of
         shares.

         (2) Institutional Class Unified Fee. The Issuers of the Funds listed on
         SCHEDULE A as being authorized to issue Institutional Class shares are
         each party to a Management Agreement with ACIM providing for a unified
         fee of 20 basis points less than the existing unified fee in place for
         the corresponding Investor Class of such Funds, as described in each
         Fund's current Investor Class prospectus or prospectus supplement.
         Institutional Class shares are available to large institutional
         shareholders, such as corporations and retirement plans and other
         pooled accounts that meet certain investment minimums established from
         time to time by ACIM. Institutional Class shares are not eligible for
         purchase by insurance companies, except in connection with a product
         for defined benefit plans not involving a group annuity contract.

         (3) Advisor Class Unified Fee. The Issuers of the Funds listed on
         SCHEDULE A as being authorized to issue Advisor Class shares are each
         party to a Management Agreement with ACIM providing for a unified fee
         of 25 basis points less than the existing unified fee in place for the
         corresponding Investor Class of such Funds, as described in each Fund's
         current Investor Class prospectus or prospectus supplement. The Advisor
         Class is sold to employer-sponsored retirement plans (including
         participant directed plans), insurance companies, broker-dealers, banks
         and other financial intermediaries.

         (4) A Class Unified Fee. The Issuers of the Funds listed on SCHEDULE A
         as being authorized to issue A Class shares shall enter into a
         Management Agreement with ACIM providing for a unified fee equal to the
         existing unified fee in place for the corresponding Investor Class of
         such funds, as described in each Fund's current Investor Class
         prospectus or prospectus supplement. The A Class is intended to be sold
         to and through broker-dealers, banks and other financial
         intermediaries.

         (5) B Class Unified Fee. The Issuers of the Funds listed on SCHEDULE A
         as being authorized to issue B Class shares shall enter into a
         Management Agreement with ACIM providing for a unified fee equal to the
         existing unified fee in place for the corresponding Investor Class of
         such funds, as described in each Fund's current Investor Class
         prospectus or prospectus supplement. The B Class is intended to be sold
         to and through broker-dealers, banks and other financial
         intermediaries.

         (6) C Class Unified Fee. The Issuers of the Funds listed on SCHEDULE A
         as being authorized to issue C Class shares are each party to a
         Management Agreement with ACIM providing for a unified fee equal to the
         existing unified fee in place for the corresponding Investor Class of
         such funds, as described in each Fund's current Investor Class
         prospectus or prospectus supplement. The C Class is intended to be sold
         to and through broker-dealers, banks and other financial
         intermediaries.

         (7) C Class II Unified Fee. The Issuers of the Funds listed on SCHEDULE
         A as being authorized to issue C Class II shares shall enter into a
         Management Agreement with ACIM providing for a unified fee equal to the
         existing unified fee in place for the corresponding Investor Class of
         such funds, as described in each Fund's current Investor Class
         prospectus or prospectus supplement. The C Class II is intended to be
         sold to and through broker-dealers, banks and other financial
         intermediaries.

c.       Shareholder Services and Distribution Services.

         (1) Advisor Class Distribution Plan. Shares of the Advisor Class of
         each Fund are offered subject to an Advisor Class Master Distribution
         and Shareholder Services Plan pursuant to Rule 12b-1 under the 1940 Act
         (the "Advisor Class Plan") adopted by the Issuers effective September
         3, 1996. Advisor Class shares of each Fund shall pay ACIM, as paying
         agent for the Funds, for the expenses of shareholder and administrative
         services and distribution expenses incurred in connection with
         providing such services for shares of the Funds, as provided in the
         Advisor Class Plan, at an aggregate annual rate of .50% of the average
         daily net assets of such class; .25% for distribution expenses and .25%
         for shareholder and administrative services.

         (2) A Class Distribution Plan. Shares of the A Class of each Fund are
         offered subject to an A Class Master Distribution and Individual
         Shareholder Services Plan pursuant to Rule 12b-1 under the 1940 Act
         (the "A Class Plan") adopted by the Issuers effective May 1, 2001. A
         Class Shares of each Fund shall pay ACIM, as paying agent for the
         Funds, for the expenses of individual shareholder services and
         distribution expenses incurred in connection with providing such
         services for shares of the Funds, as provided in the A Class Plan, at
         an aggregate annual rate of .25% of the average daily net assets of
         such class.

         (3) B Class Distribution Plan. Shares of the B Class of each Fund are
         offered subject to a B Class Master Distribution and Individual
         Shareholder Services Plan pursuant to Rule 12b-1 under the 1940 Act
         (the "B Class Plan") adopted by the Issuers effective May 1, 2001. B
         Class Shares of each Fund shall pay ACIM, as paying agent for the
         Funds, for the expenses of individual shareholder services and
         distribution expenses incurred in connection with providing such
         services for shares of the Funds, as provided in the B Class Plan, at
         an aggregate annual rate of 1.00% of the average daily net assets of
         such class (.75% for distribution expenses and .25% for individual
         shareholder services).

         (4) C Class Distribution Plan. Shares of the C Class of each Fund are
         offered subject to a C Class Master Distribution and Individual
         Shareholder Services Plan pursuant to Rule 12b-1 under the 1940 Act
         (the "C Class Plan") adopted by the Issuers effective May 1, 2001. C
         Class Shares of each Fund shall pay ACIM, as paying agent for the
         Funds, for the expenses of individual shareholder services and
         distribution expenses incurred in connection with providing such
         services for shares of the Funds, as provided in the C Class Plan, at
         an aggregate annual rate of: (A) for equity funds, 1.00% of the average
         daily net assets of such class (.75% for distribution expenses and .25%
         for individual shareholder services); and (B) for fixed income funds,
         .75% of the average daily net assets of such class (.50% for
         distribution expenses and .25% for individual shareholder services).

         (5) C Class II Distribution Plan. Shares of the C Class of each Fund
         are offered subject to a C Class II Master Distribution and Individual
         Shareholder Services Plan pursuant to Rule 12b-1 under the 1940 Act
         (the "C Class II Plan") adopted by the Issuers effective May 1, 2001. C
         Class Shares of each Fund shall pay ACIM, as paying agent for the
         Funds, for the expenses of individual shareholder services and
         distribution expenses incurred in connection with providing such
         services for shares of the Funds, as provided in the C Class II Plan,
         at an aggregate annual rate of: (A) for equity funds, 1.00% of the
         average daily net assets of such class (.75% for distribution expenses
         and .25% for individual shareholder services); and (B) for fixed income
         funds, .75% of the average daily net assets of such class (.50% for
         distribution expenses and .25% for individual shareholder services).

         (6) Definition of Services. Under the Advisor, A, B, C and C Class II
         Plans, "distribution expenses" include, but are not limited to expenses
         incurred in connection with (A) payment of sales commission, ongoing
         commissions and other payments to brokers, dealers, financial
         institutions or others who sell C Class II shares pursuant to Selling
         Agreements; (B) compensation to employees of Distributor who engage in
         or support distribution of the Fund's C Class II shares; (C)
         compensation to, and expenses (including overhead and telephone
         expenses) of, Distributor; (D) the printing of prospectuses, statements
         of additional information and reports for other than existing
         shareholders; (E) the preparation, printing and distribution of sales
         literature and advertising materials provided to the Funds'
         shareholders and prospective shareholders; (F) receiving and answering
         correspondence from prospective shareholders, including distributing
         prospectuses, statements of additional information, and shareholder
         reports; (G) the providing of facilities to answer questions from
         prospective investors about Fund shares; (H) complying with federal and
         state securities laws pertaining to the sale of Fund Shares; (I)
         assisting investors in completing application forms and selecting
         dividend and other account options; (J) the providing of other
         reasonable assistance in connection with the distribution of Fund
         shares; (K) the organizing and conducting of sales seminars and
         payments in the form of transactional compensation or promotional
         incentives; (L) profit on the foregoing; (M) the payment of "service
         fees", as contemplated by the Rules of Fair Practice of the National
         Association of Securities Dealers; and (N) such other distribution and
         services activities as the Issuers determine may be paid for by the
         Issuers pursuant to the terms of this Agreement and in accordance with
         Rule 12b-1 of the 1940 Act.

         Under the Advisor Class Plan, shareholder and administrative service
         activities may include: (A) receiving, aggregating and processing
         purchase, exchange and redemption request from beneficial owners of
         Advisor Class shares (including contract owners of insurance products
         that utilize the Funds as underlying investment media) and placing
         purchase, exchange and redemption orders with the Funds' distributor
         and/or transfer agent; (B) providing shareholders with a service that
         invests the assets of their accounts in shares pursuant to specific or
         pre-authorized instructions; (C) processing dividend payments from a
         Fund on behalf of shareholders and assisting shareholders in changing
         dividend options, account designations and addresses; (D) providing and
         maintaining elective services such as check writing and wire transfer
         services; (E) acting as sole shareholder of record and nominee for
         beneficial owners; (F) maintaining account records for shareholders;
         (G) issuing confirmations of transactions; (H) providing subaccounting
         with respect to shares beneficially owned by customers or providing the
         information to a Fund as necessary for such subaccounting; (I) creating
         and forwarding shareholder communications from the Funds (such as
         proxies, shareholder reports, annual and semi-annual financial
         statements and dividend, distribution and tax notices) to shareholders
         and/or other beneficial owners; and (J) providing other similar
         administrative and sub-transfer agency services.

         Under the A, B, C and C Class II Plans, individual shareholder
         activities may include, but are not limited to: (A) individualized and
         customized investment advisory services, including the consideration of
         shareholder profiles and specific goals; (B) the creation of investment
         models and asset allocation models for use by the shareholder in
         selecting appropriate Funds; (C) proprietary research about investment
         choices and the market in general; (D) periodic rebalancing of
         shareholder accounts to ensure compliance with the selected asset
         allocation; (E) consolidation of shareholder accounts in one place; and
         (F) other individual services.

d.       Additional Features.

         (1) Front-end Loads. A Class and C Class II shares shall be subject to
         a front-end sales charge in the circumstances and pursuant to the
         schedules set forth in each Fund's then-current prospectus.

         (2) Contingent Deferred Sales Charges. A, B, C and C Class II shares
         shall be subject to a contingent deferred sales charge in the
         circumstances and pursuant to the schedules as set forth in each Fund's
         then-current prospectus.

         (3) B Class Conversion. B Class shares will automatically convert to A
         Class shares of the same Fund at the end of a specified number of years
         after the initial purchase date of the B Class shares, in accordance
         with the provisions set forth in each Fund's then-current prospectus.


Section 3. Allocation of Income and Expenses

a.       Daily Dividend Funds. Funds that declare distributions of net
         investment income daily to maintain the same net asset value per share
         in each class ("Daily Dividend Funds") will allocate gross income and
         expenses (other than Class Expenses, as defined below) to each class on
         the basis of "relative net assets (settled shares)". Realized and
         unrealized capital gains and losses will be allocated to each class on
         the basis of relative net assets. "Relative net assets (settled
         shares)," for this purpose, are net assets valued in accordance with
         generally accepted accounting principles but excluding the value of
         subscriptions receivable, in relation to the net assets of the
         particular Daily Dividend Fund. Expenses to be so allocated include
         Issuer Expenses and Fund Expenses, each as defined below.

b.       Non-Daily Dividend Funds. The gross income, realized and unrealized
         capital gains and losses and expenses (other than Class Expenses) of
         each Fund, other than the Daily Dividend Funds, shall be allocated to
         each class on the basis of its net asset value relative to the net
         asset value of the Fund. Expenses to be so allocated also include
         Issuer Expenses and Fund Expenses.

c.       Apportionment of Certain Expenses. Expenses of a Fund shall be
         apportioned to each class of shares depending on the nature of the
         expense item. Issuer Expenses and Fund Expenses will be allocated among
         the classes of shares pro rata based on their relative net asset values
         in relation to the net asset value of all outstanding shares in the
         Fund. Approved Class Expenses shall be allocated to the particular
         class to which they are attributable. In addition, certain expenses may
         be allocated differently if their method of imposition changes. Thus,
         if a Class Expense can no longer be attributed to a class, it shall be
         charged to a Fund for allocation among classes, as determined by ACIM.

d.       Definitions.

         (1) Issuer Expenses. "Issuer Expenses" include expenses of an Issuer
         that are not attributable to a particular Fund or class of a Fund.
         Issuer Expenses include fees and expenses of those Directors/Trustees
         who are not "interested persons" as defined in the 1940 Act
         ("Independent Directors"), including counsel fees for the Independent
         Directors, and certain extraordinary expenses of the Issuer that are
         not attributable to a particular Fund or class of a Fund.

         (2) Fund Expenses. "Fund Expenses" include expenses of an Issuer that
         are attributable to a particular fund but are not attributable to a
         particular class of the Fund. Fund Expenses include (i) interest
         expenses, (ii) taxes, (iii) brokerage expenses, and (iv) certain
         extraordinary expenses of a Fund that are not attributable to a
         particular class of a Fund.

         (3) Class Expenses. "Class Expenses" are expenses that are attributable
         to a particular class of a Fund and shall be limited to: (i) applicable
         unified fee; (ii) payments made pursuant to the Advisor Class Plan;
         (iii) payments made pursuant to the C Class Plan; and (iv) certain
         extraordinary expenses of an Issuer or Fund that are attributable to a
         particular class of a Fund.

         (4) Extraordinary Expenses. "Extraordinary expenses" shall be allocated
         as an Issuer Expense, a Fund Expense or a Class Expense in such manner
         and utilizing such methodology as ACIM shall reasonably determine,
         which determination shall be subject to ratification or approval of the
         Board and shall be consistent with applicable legal principles and
         requirements under the 1940 Act and the Internal Revenue Code, as
         amended. ACIM shall report to the Board quarterly regarding those
         extraordinary expenses that have been allocated as Class Expenses. Any
         such allocations shall be reviewed by, and subject to the approval of,
         the Board.


Section 4. Exchange Privileges

Subject to the restrictions and conditions set forth in the Funds' prospectuses,
shareholders may (i) exchange shares of one class of a Fund for shares of the
same class of another Fund, (ii) exchange Investor Class shares for shares of
any fund within the American Century family of funds that only offers a single
class of shares (a "Single Class Fund"), and (iii) exchange shares of any Single
Class Fund for Investor Class shares of another Fund, provided that the amount
to be exchanged meets the applicable minimum investment requirements and the
shares to be acquired in the exchange are qualified for sale in the
stockholder's state of residence.


Section 5. Conversion Features

Conversions from one class of shares into another class of shares are not
permitted; provided, however, that if a shareholder of a particular class is no
longer eligible to own shares of that class, upon prior notice to such
shareholder, those shares will be converted to shares of the same Fund but of
another class in which such shareholder is eligible to invest. Similarly, if a
shareholder becomes eligible to invest in shares of another class that has lower
expenses than the class in which such shareholder is invested, such shareholder
may be eligible to convert into shares of the same Fund but of the class with
the lower expenses.


Section 6. Quarterly and Annual Reports

The Board shall receive quarterly and annual reports concerning all allocated
Class Expenses and distribution and servicing expenditures complying with
paragraph (b)(3)(ii) of Rule 12b-1, as it may be amended from time to time. In
the reports, only expenditures properly attributable to the sale or servicing of
a particular class of shares will be used to justify any distribution or
servicing fee or other expenses charged to that class. Expenditures not related
to the sale or servicing of a particular class shall not be presented to the
Board to justify any fee attributable to that class. The reports, including the
allocations upon which they are based, shall be subject to the review and
approval of the Independent Directors of the Issuers who have no direct or
indirect financial interest in the operation of this Plan in the exercise of
their fiduciary duties.


Section 7. Waiver or Reimbursement of Expenses

Expenses may be waived or reimbursed by any adviser to the Issuers, by the
Issuers' underwriter or by any other provider of services to the Issuers without
the prior approval of the Board, provided that the fee is waived or reimbursed
to all shares of a particular Fund in proportion to their relative average daily
net asset values.


Section 8. Effectiveness of Plan

Upon receipt of approval by votes of a majority of both (a) the Board and (b)
the Independent Directors, this Plan shall become effective September 3, 2002.


Section 9. Material Modifications

This Plan may not be amended to modify materially its terms unless such
amendment is approved in the manner provided for initial approval in Section 8
herein; provided; however; that a new Fund may be added by any Issuer upon
approval by that Issuer's Board by executing a new Schedule A to this Plan.






         IN WITNESS WHEREOF, the Issuers have adopted this Multiple Class Plan
as of September 3, 2002.

                                            AMERICAN CENTURY CALIFORNIA
                                                TAX-FREE AND MUNICIPAL FUNDS
                                            AMERICAN CENTURY GOVERNMENT INCOME
                                                TRUST
                                            AMERICAN CENTURY INTERNATIONAL
                                                BOND FUNDS
                                            AMERICAN CENTURY INVESTMENT TRUST
                                            AMERICAN CENTURY MUNICIPAL TRUST
                                            AMERICAN CENTURY TARGET MATURITIES
                                                TRUST
                                            AMERICAN CENTURY QUANTITATIVE
                                                EQUITY FUNDS
                                            AMERICAN CENTURY CAPITAL
                                                PORTFOLIOS, INC.
                                            AMERICAN CENTURY MUTUAL FUNDS, INC.
                                            AMERICAN CENTURY STRATEGIC ASSET
                                               ALLOCATIONS, INC.
                                            AMERICAN CENTURY WORLD MUTUAL
                                                FUNDS, INC.


                                            By: /*/Charles A. Etherington
                                            Name: Charles A. Etherington
                                            Title: Vice President




                                                                SCHEDULE A

                                           Companies and Funds Covered by this Multiclass Plan
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
                                                             Investor    Institu-     Advisor      A       B        C     C Class II
                    Fixed Income Funds                        Class       tional       Class     Class   Class    Class
                                                                           Class
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
>>       California High-Yield Municipal                       Yes          No          No        Yes     Yes      Yes       Yes
>>       California Tax-Free Money Market Fund                 Yes          No          No        No       No      No         No
>>       California Intermediate-Term Tax-Free                 Yes          No          No        No       No      Yes        No
>>       California Long-Term Tax-Free                         Yes          No          No        No       No      Yes        No
>>       California Limited-Term Tax-Free Fund                 Yes          No          No        No       No      No         No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY GOVERNMENT INCOME TRUST
>>       Ginnie Mae Fund                                       Yes          No          Yes       No       No      Yes        No
>>       Government Agency Money Market Fund                   Yes          No          Yes       No       No      No         No
>>       Government Bond Fund                                  Yes          No          Yes       No       No      No         No
>>       Short-Term Government Fund                            Yes          No          Yes       No       No      No         No
>>       Capital Preservation Fund                             Yes          No          No        No       No      No         No
>>       Inflation-Adjusted Bond Fund                          Yes          Yes         Yes       No       No      No         No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
>>       International Bond Fund                               Yes          No          Yes       No       No      No         No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY INVESTMENT TRUST
>>       Diversified Bond Fund                                 Yes          Yes         Yes       Yes     Yes      Yes       Yes
>>       Premium Money Market Fund                             Yes          No          No        No       No      No         No
>>       Prime Money Market Fund                               Yes          No          Yes       Yes     Yes      Yes       Yes
>>       High-Yield Fund                                       Yes          No          Yes       Yes     Yes      Yes       Yes
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY MUNICIPAL TRUST
>>       Arizona Municipal Bond Fund                           Yes          No          No        No       No      Yes        No
>>       Florida Municipal Bond Fund                           Yes          No          No        No       No      Yes        No
>>       High-Yield Municipal Fund                             Yes          No          No        Yes     Yes      Yes       Yes
>>       Tax-Free Bond Fund                                    Yes          No          No        No       No      Yes        No
>>       Tax-Free Money Market Fund                            Yes          No          No        No       No      No         No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY TARGET MATURITIES TRUST
>>       Target 2005 Fund                                      Yes          No          Yes       No       No      No         No
>>       Target 2010 Fund                                      Yes          No          Yes       No       No      No         No
>>       Target 2015 Fund                                      Yes          No          Yes       No       No      No         No
>>       Target 2020 Fund                                      Yes          No          Yes       No       No      No         No
>>       Target 2025 Fund                                      Yes          No          Yes       No       No      No         No
>>       Target 2030 Fund                                      Yes          No          Yes       No       No      Yes        No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------





----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
                                                             Investor    Institu-     Advisor      A       B        C     C Class II
                       Equity Funds                           Class       tional       Class     Class   Class    Class
                                                                           Class
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
>>       Equity Growth Fund                                    Yes          Yes         Yes       No       No      Yes        No
>>       Income & Growth Fund                                  Yes          Yes         Yes       No       No      Yes        No
>>       Global Gold Fund                                      Yes          No          Yes       No       No      No         No
>>       Small Cap Quantitative Fund                           Yes          Yes         Yes       No       No      No         No
>>       Utilities Fund                                        Yes          No          Yes       No       No      No         No
>>       Global Natural Resources Fund                         Yes          No          Yes       No       No      No         No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
>>       Equity Income Fund                                    Yes          Yes         Yes       No       No      Yes        No
>>       Value Fund                                            Yes          Yes         Yes       Yes     Yes      Yes       Yes
>>       Real Estate Fund                                      Yes          Yes         Yes       No       No      No         No
>>       Small Cap Value Fund                                  Yes          Yes         Yes       No       No      Yes        No
>>       Equity Index Fund                                     Yes          Yes         No        No       No      No         No
>>       Large Company Value Fund                              Yes          Yes         Yes       Yes     Yes      Yes       Yes
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY MUTUAL FUNDS, INC.
>>       Balanced Fund                                         Yes          Yes         Yes       No       No      No         No
>>       Growth Fund                                           Yes          Yes         Yes       No       No      Yes        No
>>       Heritage Fund                                         Yes          Yes         Yes       No       No      Yes        No
>>       Select Fund                                           Yes          Yes         Yes       Yes     Yes      Yes       Yes
>>       Ultra Fund                                            Yes          Yes         Yes       No       No      Yes        No
>>       Veedot Fund                                           Yes          Yes         Yes       No       No      No         No
>>       Vista Fund                                            Yes          Yes         Yes       No       No      Yes        No
>>       Giftrust Fund                                         Yes          No          No        No       No      No         No
>>       New Opportunities Fund                                Yes          No          No        No       No      No         No
>>       Tax-Managed Value Fund                                Yes          Yes         Yes       No       No      No         No
>>       Veedot Large-Cap Fund                                 Yes          Yes         Yes       No       No      No         No
>>       New Opportunities II Fund                             Yes          Yes         No        Yes     Yes     Yes        Yes
>>       Large Company Growth Fund                             Yes          Yes         Yes       Yes     Yes    Yes          No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
American Century Strategic Asset Allocations, Inc.
>>       Strategic Allocation: Aggressive Fund                 Yes          Yes         Yes       No       No      Yes        No
>>       Strategic Allocation: Conservative Fund               Yes          Yes         Yes       No       No      No         No
>>       Strategic Allocation: Moderate Fund                   Yes          Yes         Yes       No       No      Yes        No





----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
                                                             Investor    Institu-     Advisor      A       B        C     C Class II
                       Equity Funds                           Class       tional       Class     Class   Class    Class
                                                                           Class
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
>>       Emerging Markets Fund                                 Yes          Yes         Yes       No       No      Yes        No
>>       Global Growth Fund                                    Yes          Yes         Yes       No       No      Yes        No
>>       International Growth Fund                             Yes          Yes         Yes       Yes     Yes      Yes       Yes
>>       International Discovery Fund                          Yes          Yes         Yes       No       No      No         No
>>       Life Sciences Fund                                    Yes          Yes         Yes       No       No      Yes        No
>>       Technology Fund                                       Yes          Yes         Yes       No       No      Yes        No
>>       International Opportunities Fund                      Yes          Yes         No        No       No      No         No
>>       European Growth Fund                                  Yes          Yes         Yes       No       No      Yes        No
----------------------------------------------------------- ----------- ------------ ---------- -------- ------- -------- -----------




         By:     /*/David C. Tucker
         Name:   David C. Tucker
         Title:  Senior Vice President
         Date:    September 3, 2002