INTERIM MANAGEMENT AGREEMENT

This MANAGEMENT AGREEMENT (“Agreement”) is effective as of the 16th day of
February, 2010 by and between AMERICAN CENTURY INTERNATIONAL BOND FUNDS,
a Massachusetts business trust and registered investment company
(the “Company”), and AMERICAN CENTURY INVESTMENT MANAGEMENT, INC.,
a Delaware corporation (the “Investment Manager”).

WHEREAS, a majority of those members of the Board of Trustees of the
Company (collectively, the “Board of Directors”, and each Trustee
individually a “Director”) who are not “interested persons” as defined
in Investment Company Act (hereinafter referred to as the “Independent
Directors”), has approved this Agreement as it relates to each series
of shares of the Company set forth on Schedule B attached hereto
(the “Funds”).

NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1.	Investment Management Services. The Investment Manager shall
supervise the investments of each Fund. In such capacity, the Investment
Manager shall maintain a continuous investment program for each such Fund,
determine what securities shall be purchased or sold by each Fund, secure
and evaluate such information as it deems proper and take whatever action
is necessary or convenient to perform its functions, including the placing
of purchase and sale orders.
2.	Compliance with Laws. All functions undertaken by the Investment
Manager hereunder shall at all times conform to, and be in accordance with,
any requirements imposed by:
(a)	the Investment Company Act and any rules and regulations promulgated
thereunder;
(b)	any other applicable provisions of law;
(c)	the Declaration of Trust of the Company as amended from time to time;
(d)	the By-Laws of the Company as amended from time to time;
(e)	the Multiple Class Plan; and
(f)	the registration statement(s) of the Company, as amended from time
to time, filed under the Securities Act of 1933 and the Investment Company
Act.
3.	Board Supervision. All of the functions undertaken by the Investment
Manager hereunder shall at all times be subject to the direction of the Board
of Directors, its executive committee, or any committee or officers of the
Company acting under the authority of the Board of Directors.
4.	Payment of Expenses.  The Investment Manager will pay all the
expenses of each class of each Fund that it shall manage, other than
interest, taxes, brokerage commissions, portfolio insurance, extraordinary
expenses, the fees and expenses of the Independent Directors (including
counsel fees), and expenses incurred in connection with the provision of
shareholder services and distribution services under a plan adopted pursuant
to Rule 12b-1 under the Investment Company Act. The Investment Manager will
provide the Company with all physical facilities and personnel required to
carry on the business of each class of each Fund that it shall manage,
including but not limited to office space, office furniture, fixtures
and equipment, office supplies, computer hardware and software and
salaried and hourly paid personnel. The Investment Manager may at
its expense employ others to provide all or any part of such facilities
and personnel.
5.	Account Fees.  The Board of Directors may impose fees for various
account services, proceeds of which may be remitted to the appropriate Fund
or the Investment Manager at the discretion of the Board of Directors.
At least 60 days’ prior written notice of the intent to impose such fee
must be given to the shareholders of the affected series.
6.	Management Fees.
(a)	In consideration of the services provided by the Investment Manager,
each class of a Fund shall pay to the Investment Manager a management fee
that is calculated as described in this Section 6 using the fee schedules
described herein.
(b)	Definitions
(1)	An “Investment Team” is the Portfolio Managers that the Investment
Manager has designated to manage a given portfolio.
(2)	An “Investment Strategy” is the processes and policies implemented
by the Investment Manager for pursuing a particular investment objective
managed by an Investment Team.
(3)	A “Primary Strategy Portfolio” is each Fund, as well as any other
series of any other registered investment company for which the Investment
Manager serves as the investment manager and for which American Century
Investment Services, Inc. serves as the distributor; provided, however,
that a registered investment company that invests its assets exclusively
in the shares of other registered investment companies shall not be
a Primary Strategy Portfolio. Any exceptions to the above requirements
shall be approved by the Board of Directors.
(4)	A “Secondary Strategy Portfolio” is another account managed by
the Investment Manager that is managed by the same Investment Team as
that assigned to manage any Primary Strategy Portfolio that shares the
same board of directors or board of trustees as the Company. Any exceptions
to this requirement shall be approved by the Board of Directors.
(5)	An “Investment Category” for a Fund is the group to which the Fund
is assigned for determining the first component of its management fee.
Each Primary Strategy Portfolio is assigned to one of the three Investment
Categories indicated below. The Investment Category assignments for the
Funds appear in Schedule B to this Agreement. The amount of assets in each
of the Investment Categories (“Investment Category Assets”) is determined
as follows:
a)	Money Market Fund Category Assets.  The assets which are used to
determine the fee for this Investment Category is the sum of the assets of
all of the Primary Strategy Portfolios and Secondary Strategy Portfolios
that invest primarily in debt securities and are subject to Rule 2a-7
under the Investment Company Act.
b)	Bond Fund Category Assets. The assets which are used to determine
the fee for this Investment Category is the sum the assets of all of the
Primary Strategy Portfolios and Secondary Strategy Portfolios that invest
primarily in debt securities and are not subject to Rule 2a-7 under the
Investment Company Act.
c)	Equity Fund Category Assets.  The assets which are used to determine
the fee for this Investment Category is the sum the assets of all of the
Primary Strategy Portfolios and Secondary Strategy Portfolios that invest
primarily in equity securities.
(6)	The “Per Annum Investment Category Fee Dollar Amount” for a Fund
is the dollar amount resulting from applying the applicable Investment
Category Fee Schedule for the Fund (as shown on Schedule A) using the
applicable Investment Category Assets.
(7)	The “Per Annum Investment Category Fee Rate” for Fund is the
percentage rate that results from dividing the Per Annum Investment
Category Fee Dollar Amount for the Fund by the applicable Investment
Category Assets for the Fund.
(8)	The “Complex Assets” is the sum of the assets in all of the
Primary Strategy Portfolios.
(9)	The “Per Annum Complex Fee Dollar Amount” for a class of
a Fund shall be the dollar amount resulting from application of the
Complex Assets to the Complex Fee Schedule for the class as shown in
Schedule C.
(10)	The “Per Annum Complex Fee Rate” for a class of a Fund is the
percentage rate that results from dividing the Per Annum Complex Fee
Dollar Amount for the class of a Fund by the Complex Assets.
(11)	The “Per Annum Management Fee Rate” for a class of a Fund is
the sum of the Per Annum Investment Category Fee Rate applicable to
the Fund and the Per Annum Complex Fee Rate applicable to the class
of the Fund.
(c)	Daily Management Fee Calculation.  For each calendar day, each
class of each Fund shall accrue a fee calculated by multiplying the Per
Annum Management Fee Rate for that class times the net assets of the
class on that day, and further dividing that product by 365
(366 in leap years).
(d)	Monthly Management Fee Payment. On the first business day of
each month, each class of each series Fund shall pay the management fee
to the Investment Manager for the previous month. The fee for the previous
month shall be the sum of the Daily Management Fee Calculations for each
calendar day in the previous month.
(e)	Additional Series or Classes. In the event that the Board of
Directors shall determine to issue any additional series of shares for
which it is proposed that the Investment Manager serve as investment
manager, the Company and the Investment Manager shall enter into an
Addendum to this Agreement setting forth the name of the series and/or
classes, as appropriate, the Applicable Fee and such other terms and
conditions as are applicable to the management of such series and/or
classes, or, in the alternative, enter into a separate management
agreement that relates specifically to such series or classes of shares.
7.	Continuation of Agreement.  This Agreement shall become
effective for each Fund as of the date first set forth above (the
“Effective Date”) and shall continue in effect for each Fund until
the earlier of (i) 150 days from the Effective Date, or (ii) the date
as of which the shareholders of each Fund approve a new management
agreement.
8.	Termination.  This Agreement may be terminated, with respect
to any Fund, by the Investment Manager at any time without penalty upon
giving the Company 60 days’ written notice, and may be terminated, with
respect to any Fund, at any time without penalty by the Board of Directors
or by vote of a majority of the outstanding voting securities of such Fund
on 60 days’ written notice to the Investment Manager.
9.	Effect of Assignment.  This Agreement shall automatically terminate
with respect to any Fund in the event of its assignment by the Investment
Manager.  The term “assignment” for this purpose having the meaning defined
in Section 2(a)(4) of the Investment Company Act.
10.	Other Activities.  Nothing herein shall be deemed to limit or
restrict the right of the Investment Manager, or the right of any of
its officers, directors or employees (who may also be a Director, officer or
employee of the Company), to engage in any other business or to devote time
and attention to the management or other aspects of any other business,
whether of a similar or dissimilar nature, or to render services of any
kind to any other corporation, firm, individual or association.
11.	Standard of Care.  In the absence of willful misfeasance, bad faith,
gross negligence, or reckless disregard of its obligations or duties hereunder
on the part of the Investment Manager, it, as an inducement to it to enter
into this Agreement, shall not be subject to liability to the Company or to
any shareholder of the Company for any act or omission in the course of, or
connected with, rendering services hereunder or for any losses that may be
sustained in the purchase, holding or sale of any security.
12.	Separate Agreement.  The parties hereto acknowledge that certain
provisions of the Investment Company Act, in effect, treat each series of
shares of a registered investment company as a separate investment company.
Accordingly, the parties hereto hereby acknowledge and agree that, to the
extent deemed appropriate and consistent with the Investment Company Act,
this Agreement shall be deemed to constitute a separate agreement between
the Investment Manager and each Fund.
13.	Use of the Name “American Century”.  The name “American Century” and
all rights to the use of the name “American Century” are the exclusive property
of American Century Proprietary Holdings, Inc. (“ACPH”).  ACPH has consented to,
and granted a non-exclusive license for, the use by the Company of the name
“American Century” in the name of the Company and any Fund.  Such consent
and non-exclusive license may be revoked by ACPH in its discretion if ACPH,
the Investment Manager, or a subsidiary or affiliate of either of them is
not employed as the investment adviser of each Fund.  In the event of such
revocation, the Company and each Fund using the name “American Century”
shall cease using the name “American Century” unless otherwise consented
to by ACPH or any successor to its interest in such name.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their respective duly authorized officers to be effective as of the day
and year first written above.

American Century Investment 		American Century International
Management, Inc.			Bond Funds
/s/David H. Reinmiller			/s/Charles A.  Etherington
David H. Reinmiller			Charles A. Etherington
Vice President 				Senior Vice President



			Schedule A
		Investment Category Fee Schedules

Money Market Funds
				  Rate Schedules
					Schedule
Category Assets		   1	  2	  3	  4
First $1 billion	0.2500%	0.2700%	0.3500%	0.2300%
Next $1 billion		0.2070%	0.2270%	0.3070%	0.1870%
Next $3 billion		0.1660%	0.1860%	0.2660%	0.1460%
Next $5 billion		0.1490%	0.1690%	0.2490%	0.1290%
Next $15 billion	0.1380%	0.1580%	0.2380%	0.1180%
Next $25 billion	0.1375%	0.1575%	0.2375%	0.1175%
Thereafter		0.1370%	0.1570%	0.2370%	0.1170%


Bond Funds
				  Rate Schedules
					Schedule
Category Assets		1	2	3	4	5	6	7	8	9
First $1 billion	0.2800%	0.3100%	0.3600%	0.6100%	0.4100%	0.6600%	0.3800%	0.4600%	0.4400%
Next $1 billion		0.2280%	0.2580%	0.3080%	0.5580%	0.3580%	0.6080%	0.3280%	0.4080%	0.3880%
Next $3 billion		0.1980%	0.2280%	0.2780%	0.5280%	0.3280%	0.5780%	0.2980%	0.3780%	0.3580%
Next $5 billion		0.1780%	0.2080%	0.2580%	0.5080%	0.3080%	0.5580%	0.2780%	0.3580%	0.3380%
Next $15 billion	0.1650%	0.1950%	0.2450%	0.4950%	0.2950%	0.5450%	0.2650%	0.3450%	0.3250%
Next $25 billion	0.1630%	0.1930%	0.2430%	0.4930%	0.2930%	0.5430%	0.2630%	0.3430%	0.3230%
Thereafter		0.1625%	0.1925%	0.2425%	0.4925%	0.2925%	0.5425%	0.2625%	0.3425%	0.3225%


Equity Funds

				  Rate Schedules
					Schedule
Category Assets		1	2	3	4	5	6	7
First $1 billion	0.5200%	0.7200%	1.2300%	0.8700%	1.0000%	1.1500%	1.3000%
Next $5 billion		0.4600%	0.6600%	1.1700%	0.8100%	0.9400%	1.0900%	1.2400%
Next $15 billion	0.4160%	0.6160%	1.1260%	0.7660%	0.8960%	1.0460%	1.1960%
Next $25 billion	0.3690%	0.5690%	1.0790%	0.7190%	0.8490%	0.9990%	1.1490%
Next $50 billion	0.3420%	0.5420%	1.0520%	0.6920%	0.8220%	0.9720%	1.1220%
Next $150 billion	0.3390%	0.5390%	1.0490%	0.6890%	0.8190%	0.9690%	1.1190%
Thereafter		0.3380%	0.5380%	1.0480%	0.6880%	0.8180%	0.9680%	1.1180%



			Schedule B
		Investment Category Assignments

American Century International Bond Funds

Series				Category	Applicable Fee Schedule Number
International Bond Fund		Bond Funds		4


			Schedule C
		Complex Fee Schedules

				 Rate Schedules
Complex Assets		Institutional Class	All Other Classes
First $2.5 billion	0.1100%			0.3100%
Next $7.5 billion	0.1000%			0.3000%
Next $15.0 billion	0.0985%			0.2985%
Next $25.0 billion	0.0970%			0.2970%
Next $25.0 billion	0.0870%			0.2870%
Next $25.0 billion	0.0800%			0.2800%
Next $25.0 billion	0.0700%			0.2700%
Next $25.0 billion	0.0650%			0.2650%
Next $25.0 billion	0.0600%			0.2600%
Next $25.0 billion	0.0550%			0.2550%
Thereafter		0.0500%			0.2500%

		     		Investor Institu- Advisor A	B	C	R
				Class	 tional	 Class	Class	Class	Class	Class
Series					 Class
International Bond Fund		Yes	  Yes	  No	 Yes	 Yes	 Yes	 Yes