MANAGEMENT AGREEMENT THIS MANAGEMENT AGREEMENT ("Agreement"), is made as of the 1st day of August, 1997, by and between AMERICAN CENTURY PREMIUM RESERVES, INC., a Maryland corporation (hereinafter called the "Corporation"), and AMERICAN CENTURY...Management Agreement • July 30th, 1997 • American Century Premium Reserves Inc
N-SAR Item 77N The fund owned funding agreements issued by General American Life Insurance Company ("Funding Agreements"), each of which included a demand feature (as that term in defined in rule 2-7a) permitting the Fund to put the Funding Agreement...American Century Premium Reserves Inc • November 29th, 1999
The fund owned funding agreements issued by General American Life Insurance Company ("Funding Agreements"), each of which included a demand feature (as that term in defined in rule 2-7a) permitting the Fund to put the Funding Agreement back to General American for payment in full upon 7 days' prior notice. On August 4, 1999, the Fund exercised the Demand Features and notified General American of termination of the Funding Agreements. General American failed to make payment when due on August 11, 1999. American Century Companies, Inc., an affiliated person of an affiliated person of the fund (the "Affiliate"), entered into a put agreement ("Put") on August 23, 1999 in order to avoid potential losses to shareholders of the fund. The Put granted to the fund the right, on or before September 20, 1999, to sell the Funding Agreements to the Affiliate at a price equal to the amortized cost (plus accrued interest) of the Funding Agreement. The fund undertook to exercise the Put prior to Septem
