DISTRIBUTION AGREEMENT
THIS DISTRIBUTION AGREEMENT is made and entered into this 15th day of
January, 1998, by and between each of the open-end management investment
companies listed on SCHEDULE A, attached hereto, as of the dates noted on such
SCHEDULE A, together with all other open end management investment companies
subsequently established and made subject to this Agreement in accordance with
Section 11 (the "Issuers") and FUNDS DISTRIBUTOR, INC. ("Distributor"), a
Massachusetts corporation.
WHEREAS, the common stock of each of the Issuers is currently divided
into a number of separate series of shares, or funds, each corresponding to a
distinct portfolio of securities, and many of which are also divided into
multiple classes of shares; and
WHEREAS, Distributor is a registered as a broker-dealer with the
Securities and Exchange Commission ("SEC") under the Securities Exchange Act of
1934 and is a member of the National Association of Securities Dealers, Inc.;
and
WHEREAS, American Century Investment Management, Inc. (the "Manager")
is the registered investment adviser to the Issuers; and
WHEREAS, the Boards of Directors/Trustees of the Funds (the "Board")
wish to engage the Distributor to act as the distributor of the Funds;
NOW, THEREFORE, in consideration of the mutual promises set forth
herein, the parties agree as follows:
Section 1. General Responsibilities
Each Issuer hereby engages Distributor to act as exclusive distributor of the
shares of each class of its separate series, and any other series and classes as
may be designated from time to time hereafter (the "Funds"). The Funds subject
to this Distribution Agreement are identified on SCHEDULE A, as the same may be
amended from time to time. Sales of a Fund's shares shall be made only to
investors residing in those states in which such Fund is registered. After
effectiveness of each Fund's registration statement, Distributor will hold
itself available to receive, as agent for the Funds, and will receive, by mail,
telex, telephone, and/or such other method as may be agreed upon between
Distributor and Issuers, orders for the purchase of Fund shares, and will accept
or reject such orders on behalf of the Funds in accordance with the provisions
of the applicable Fund's prospectus. Distributor will be available to transmit
such orders as are so accepted to the Fund's transfer agent as promptly as
possible for processing at the shares' net asset value next determined in
accordance with the prospectuses. Distributor shall promptly forward to the
Funds' custodian funds received in respect of purchases of shares.
a. Offering Price. All shares sold by Distributor under this Agreement shall
be sold at the net asset value per share ("Net Asset Value") determined in
the manner described in each Fund's prospectus, as it may be amended from
time to time, next computed after the order is accepted by Distributor or
its agents or affiliates. Each Fund shall determine and promptly furnish to
Distributor a statement of the Net Asset Value of shares of said Fund's
series at least once on each day on which the Fund is open for business, as
described in its current prospectus.
b. Promotion Support. Each Fund shall furnish to Distributor for use in
connection with the sale of its shares such written information with
respect to said Fund as Distributor may reasonably request. Each Fund
represents and warrants that such information, when authenticated by the
signature of one of its officers, shall be true and correct. Each Fund
shall also furnish to Distributor copies of its reports to its shareholders
and such additional information regarding said Fund's financial condition
as Distributor may reasonably request. Any and all representations,
statements and solicitations respecting a Fund's shares made in
advertisements, sales literature and in any other manner whatsoever shall
be limited to and conform in all respects to the information provided
hereunder.
c. Regulatory Compliance. Each Fund shall furnish to Distributor copies of its
current form of prospectus, as filed with the SEC, in such quantity as
Distributor may reasonably request from time to time, and authorizes
Distributor to use the prospectus in connection with the sale of such
Fund's shares. All such sales shall be initiated by offer of, and conducted
in accordance with, such prospectus and all of the provisions of the
Securities Act of 1933 ("1933 Act"), the Investment Company Act of 1940
("1940 Act") and all the rules and regulations thereunder. Distributor
shall furnish applicable federal and state regulatory authorities with any
information or reports related to its services under this Agreement which
such authorities may lawfully request in order to ascertain whether the
Funds' operations are being conducted in a manner consistent with any
applicable law or regulations.
d. Availability of Shares. Each Fund agrees to sell shares of that Fund so
long as it has shares available for sale and to cause each Fund's transfer
agent to record on its books the ownership of (or deliver certificates, if
any, for) such Shares registered in such names and amounts as the
Distributor has requested in writing or other means of data transmission,
as promptly as practicable after receipt by each Fund of the net asset
value thereof and written request of the Distributor therefor.
e. Federal Registration of Shares. Each Fund shall, from time to time, take
such steps as may be necessary to register its shares under the 1933 Act,
including payment of the related filing fee, to the end that there will be
available for sale such number of shares as the Distributor may be expected
to sell. Each Fund agrees to file, from time to time, such amendments,
reports and other documents as may be necessary in order that there may be
no untrue statement of a material fact in a registration statement or
prospectus pertaining to the Fund, or no omission to state therein a
material fact required to be stated therein, which misstatement or omission
would make the statements therein misleading.
f. State Registration of Shares. Each Fund shall, from time to time, take such
steps as may be necessary to qualify and maintain the qualification of an
appropriate number of the shares of each Fund for sale under the securities
laws of such states as the Distributor and each Fund may approve, and, if
necessary or appropriate in connection therewith, to qualify and maintain
the qualification of each Fund as a broker or dealer in such states;
provided that each Fund shall not be required to amend its Articles of
Incorporation, Declaration of Trust or By-laws to comply with the laws of
any state, to maintain an office in any state, to change the terms of the
offering of the shares in any state from the terms set forth in its
registration statement and prospectus, to qualify as a foreign corporation
in any state or to consent to service of process in any state other than
with respect to claims arising out of the offering of the shares. If a Fund
determines not to sell shares in a particular state or jurisdiction, the
Fund or its Administrator shall notify Distributor and Distributor shall
not sell shares in such state or jurisdiction. The Distributor shall
furnish such information and other material relating to its affairs and
activities as may be required by such Fund (or Administrator) in connection
with such qualifications.
g. Sales Through Intermediaries. Distributor will enter into selling
agreements with various financial intermediaries for the sale or
distribution of Fund shares. Any payment obligations arising thereunder for
distribution services shall be made by Distributor or the Administrator, as
paying agent for the Fund, out of any 12b-1 fee payable by the applicable
Funds or, where appropriate, out of the profits the Administrator earns
from fees earned under its Management Agreement with the Fund.
h. Acceptance. All orders for the purchase of its shares are subject to
acceptance by each Fund.
Section 2. Compensation
a. Investor Class, Institutional Class and Single Class Shares. Except for the
promises of the Funds contained in this Agreement and their performance
thereof, Distributor shall not be entitled to compensation for its services
hereunder with respect to the Investor Class or the Institutional Class of
shares or funds that offer a single class of shares.
b. Advisor Class and Service Class Shares. For the services provided and
expenses incurred by Distributor as described in Section 2 and Section 3 of
the Master Distribution and Shareholder Services Plan adopted by the Board
with respect to the Advisor Class of such Funds, and for the services
provided and expenses incurred by Distributor as described in Section 2 of
the Shareholder Services Plan adopted by the Board with respect to the
Service Class of such Funds, Distributor shall be compensated by the
Manager, not by the Funds.
Section 3. Expenses
a. Distributor Expenses. In connection with the sale and distribution of
shares pursuant to this Agreement, the Distributor shall pay all of its own
expenses and such other expenses as are not specifically assumed by the
Funds or its Administrator as hereinafter provided.
b. Payments to Third Parties. The Administrator shall be responsible for
paying all administrative services fees payable to financial intermediaries
pursuant to contractual arrangements entered into by Administrator and/or
Distributor for the provision of shareholder and administrative services to
beneficial owners of Fund shares. The Funds, through the Distributor or the
Administrator, as paying agent, shall be responsible for paying all 12b-1
fees payable to financial intermediaries pursuant to contractual
arrangements entered into by Distributor for the distribution and sale of
Advisor Class shares.
c. Fund Expenses. The parties acknowledge that the Distributor shall not be
liable for any fees or expenses incurred in (a) the preparation of audited
financial statements for the Fund; (b) the preparation and printing of
post-effective amendments, supplements and revisions of its registration
statements and prospectuses; (c) the preparation, printing and distributing
to its shareholders copies of any prospectus; (d) the preparation, printing
and distributing to its shareholders of shareholder reports and other
shareholder communications; (e) the registration of the Fund and its shares
with the Securities and Exchange Commission; and (f) the qualification of
the Fund and its shares in each state in which its shares will be qualified
for sale. Nothing contained herein shall be deemed to require the Funds to
pay any of the costs of advertising the sale of Fund shares.
Section 4. Independent Contractor
Distributor shall be an independent contractor. Neither Distributor nor any of
its officers, trustees, employees or representatives is or shall be an employee
of a Fund in connection with the performance of Distributor's duties hereunder.
Distributor shall be responsible for its own conduct and the employment,
control, compensation and conduct of its agents and employees, and for any
injury to such agents or employees or to others through its agents and
employees. Any obligations of Distributor hereunder may be performed by one or
more affiliates of Distributor.
Section 5. Affiliation with the Funds
Subject to and in accordance with each Fund's formative documents, Section 10 of
the 1940 Act, it is understood: that the directors, trustees, officers, agents
and shareholders of the Funds are or may be interested in Distributor as
directors, officers, or shareholders of Distributor; that directors, officers,
agents or shareholders of Distributor are or may be interested in the Funds as
directors, trustees, officers, shareholders (directly or indirectly) or
otherwise; and that the affect of any such interest shall be governed by the
1940 Act and Section 4.
Section 6. Books and Records
It is expressly understood and agreed that all documents, reports, records,
books, files and other materials ("Fund Records") relating to this Agreement and
the services to be performed hereunder shall be the sole property of the Funds
and that such property, to the extent held by Distributor, shall be held by
Distributor as agent during the effective term of this Agreement. All Fund
Records shall be delivered to the applicable Fund upon the termination of this
Agreement, free from any claim or retention of rights by Distributor.
Section 7. Indemnification
a. The parties acknowledge that the obligations of the Funds to take any
action or perform any duties under this Agreement have been delegated to
the Administrator pursuant to the terms of a Management Agreement and that
the liability for breach or nonperformance under this Agreement and all
indemnification obligations for damages shall be governed under the Master
Consulting Agreement between Distributor and Administrator.
b. The Distributor agrees to indemnify, defend and hold each Fund, its
directors, trustees and officers and any person who controls Each Fund, if
any, within the meaning of Section 15 of the 1933 Act, free and harmless
from and against any and all claims, demands, liabilities and expenses
(including the cost of investigating or defending against such claims,
demands or liabilities and any counsel fees incurred in connection
therewith) which each Fund, its directors, trustees or officers of any such
controlling person may incur under the 1933 Act or under common law or
otherwise, but only to the extent that such liability or expense incurred
by each Fund, its directors, trustees or officers or such controlling
person resulting from such claims or demands shall arise out of or be based
upon any alleged untrue statement of a material fact contained in
information furnished in writing by the Distributor to each Fund for use in
the preparation of the registration statement or prospectus or shall arise
out of or be based upon any alleged omission to state a material fact in
such information or a fact necessary to make such information not
misleading, it being understood that each Fund will rely upon the
information provided by the Distributor for use in the preparation of the
registration statement and prospectus. The Distributor's agreement to
indemnify each Fund, its directors, trustees and officers, and any such
controlling person as aforesaid is expressly conditioned upon the
Distributor's being promptly notified of any action brought against each
Fund, its directors, trustees or officers or any such controlling person,
such notification to be given to the Distributor in accordance with Section
11.
Section 8. Limitation of Liability
The Distributor shall not be liable for any error of judgment or for any loss
suffered by each Fund in connection with the matters to which this Agreement
relates, except a loss resulting from willful misfeasance, bad faith or gross
negligence on its part in the performance of its duties or for reckless
disregard by it of its obligations and duties under this Agreement.
Section 9. Compliance with Securities Laws
Each Fund represents that it is registered as an open-end management investment
company under the 1940 Act, and agrees that it will comply with the provisions
of the 1940 Act and of the rules and regulations thereunder. Each Fund and the
Distributor each agree to comply with the applicable terms and provisions of the
1940 Act, the 1933 Act and, subject to the provisions of Section 1(f),
applicable state securities laws. The Distributor agrees to comply with the
applicable terms and provisions of the Securities Exchange Act of 1934.
Section 10. Confidentiality
The Distributor agrees on behalf of itself and its employees to treat
confidentially and as proprietary information of each Fund all records and other
information not otherwise publicly available relative to each Fund and its
prior, present or potential shareholders and not to use such records and
information for any purpose other than performance of its responsibilities and
duties hereunder, except after prior notification to and approval in writing by
each Fund or the Fund's Administrator, which approval shall not be unreasonably
withheld and may not be withheld where the Distributor reasonably believes that
the disclosure is necessary to avoid exposure to civil or criminal contempt
proceedings for failure to comply, when requested to divulge such information by
duly constituted authorities, or when so requested by each Fund.
Section 11. Notices
Any notice required to be given pursuant to this Agreement shall be deemed duly
given if delivered or mailed by registered mail, postage prepaid: (1) to the
Distributor at Funds Distributor, Inc., 00 Xxxxx Xxxxxx, 00xx Xxxxx, Xxxxxx,
Xxxxxxxxxxxxx 00000, Attention: President with a copy to General Counsel; or (2)
to the Fund at its address as set forth in its Prospectuses, Attention: General
Counsel, or at such other address as either party may from time to time specify
to the other party pursuant to this Section 11.
Section 12. Services Not Exclusive
The services of Distributor to the Funds hereunder are not to be deemed
exclusive, and Distributor shall be free to render similar services to others.
Section 13. Renewal and Termination
a. Term and Annual Renewal. The term of this Agreement shall be from the date
of its approval by the vote of a majority of the Board of each Issuer, and
it shall continue in effect from year to year thereafter only so long as
such continuance is specifically approved at least annually by the vote of
a majority of its Board, and the vote of a majority of said
directors/trustees who are neither parties to the Agreement nor interested
persons of any such party, cast at a meeting called for the purpose of
voting on such approval. "Approved at least annually" shall mean approval
occurring, with respect to the first continuance of the Agreement, during
the 90 days prior to and including the date of its termination in the
absence of such approval, and with respect to any subsequent continuance,
during the 90 days prior to and including the first anniversary of the date
upon which the most recent previous annual continuance of the Agreement
became effective. The effective date of the Agreement with respect to each
Fund is identified in the Schedules attached to this Agreement.
b. Termination. This Agreement may be terminated at any time, without payment
of any penalty, by a Fund's Board, upon 60 days' written notice to
Distributor, and by Distributor upon 60 days' written notice to the Fund.
This Agreement shall terminate automatically in the event of its
assignment. The term "assignment" shall have the meaning set forth for such
term in Section 2(a)(4) of the 1940 Act.
Section 14. Severability
If any provision of this Agreement shall be held or made invalid by a court
decision, statute, rule or similar authority, the remainder of this Agreement
shall not be affected thereby.
Section 15. Applicable Law
This Agreement shall be construed in accordance with the laws of the State of
Missouri.
Section 16. Amendment
This Agreement and the Schedules forming a part hereof may be amended at any
time by a writing signed by each of the parties hereto. In the event that the
Board or trustees of any additional funds indicate by resolution that such funds
are to be made parties to this Agreement, whether such funds were in existence
at the time of the effective date of this Agreement or subsequently formed,
SCHEDULE A hereto shall be amended to reflect the addition of such new funds and
such new funds shall thereafter become parties hereto. In the event that such
new funds issue multiple classes of shares, SCHEDULES B, C, D, and E, as
appropriate, shall be amended to reflect the addition of such new funds'
classes. In the event that any of the Funds listed on SCHEDULE A terminates its
registration as a management investment company, or otherwise ceases operations,
SCHEDULE A (and, as appropriate, SCHEDULES B, C, D, and E) shall be amended to
reflect the deletion of such Fund and its various classes.
FUNDS DISTRIBUTOR, INC.
By:/s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx
President
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY MUNICIPAL TRUST
AMERICAN CENTURY MUTUAL FUNDS, INC.
AMERICAN CENTURY PREMIUM RESERVES, INC.
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
AMERICAN CENTURY TARGET MATURITIES TRUST
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
By:/s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Executive Vice President of each of the Issuers
SCHEDULE A
Companies and Funds Covered by this Distribution Agreement
FUND DATE OF AGREEMENT
--------------------------------------------------------------------------------
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
Xxxxxx California Municipal Money Market Fund January 15, 1998
Xxxxxx California High-Yield Municipal Fund January 15, 0000
Xxxxxx Xxxxxxxxxx Tax-Free Money Market Fund January 15, 1998
Xxxxxx California Limited Term Tax-Free Fund January 15, 1998
Xxxxxx California Intermediate-Term Tax-Free Fund January 15, 1998
Xxxxxx California Long-Term Tax-Free Fund January 15, 1998
Xxxxxx California Insured Tax-Free Fund January 15, 1998
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
American Century Equity Income Fund January 15, 1998
American Century Real Estate Fund January 15, 1998
American Century Value Fund January 15, 1998
AMERICAN CENTURY GOVERNMENT INCOME TRUST
Xxxxxx Short-Term Treasury Fund January 15, 1998
Xxxxxx Intermediate-Term Treasury Fund January 15, 1998
Benham Long-Term Treasury Fund January 15, 1998
Xxxxxx Government Agency Money Market Fund January 15, 1998
Xxxxxx Short-Term Government Fund January 15, 0000
Xxxxxx XXXX Fund January 15, 1998
Xxxxxx Inflation-Adjusted Treasury Fund January 15, 1998
Xxxxxx Capital Preservation Fund January 15, 1998
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
Xxxxxx International Bond Fund January 15, 1998
AMERICAN CENTURY INVESTMENT TRUST
Xxxxxx Prime Money Market Fund January 15, 1998
AMERICAN CENTURY MUNICIPAL TRUST
Xxxxxx Arizona Intermediate-Term Municipal Fund January 15, 1998
Xxxxxx Florida Municipal Money Market Fund January 15, 1998
Xxxxxx Florida Intermediate-Term Municipal Fund January 15, 1998
Xxxxxx Tax-Free Money Market Fund January 15, 1998
Xxxxxx Intermediate-Term Tax-Free Fund January 15, 1998
Benham Long-Term Tax-Free Fund January 15, 1998
Xxxxxx Limited-Term Tax-Free Fund January 15, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
American Century Balanced Fund January 15, 1998
Xxxxxx Cash Reserve Fund January 15, 1998
Twentieth Century Growth Fund January 15, 1998
Twentieth Century Heritage Fund January 15, 1998
Xxxxxx Intermediate-Term Bond Fund January 15, 1998
Xxxxxx Limited-Term Bond Fund January 15, 1998
Xxxxxx Xxxx Fund January 15, 1998
Twentieth Century Select Fund January 15, 1998
Xxxxxx Intermediate-Term Government Fund January 15, 1998
Xxxxxx Short-Term Government Fund January 15, 1998
Twentieth Century Ultra Fund January 15, 0000
Xxxxxxxxx Xxxxxxx Xxxxx Fund January 15, 1998
Twentieth Century Giftrust January 15, 1998
Twentieth Century New Opportunities Fund January 15, 1998
AMERICAN CENTURY PREMIUM RESERVES, INC.
Xxxxxx Premium Government Reserve Fund January 15, 1998
Xxxxxx Premium Capital Reserve Fund January 15, 1998
Xxxxxx Premium Managed Bond Fund January 15, 1998
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
American Century Equity Growth Fund January 15, 1998
American Century Income & Growth Fund January 15, 1998
American Century Global Gold Fund January 15, 1998
American Century Global Natural Resources Fund January 15, 1998
American Century Utilities Fund January 15, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
American Century Strategic Allocation: Aggressive January 15, 1998
American Century Strategic Allocation: Conservative January 15, 1998
American Century Strategic Allocation: Moderate January 15, 1998
AMERICAN CENTURY TARGET MATURITIES TRUST
Xxxxxx Target Maturities Trust: 2000 January 15, 1998
Xxxxxx Target Maturities Trust: 2005 January 15, 1998
Xxxxxx Target Maturities Trust: 2010 January 15, 1998
Xxxxxx Target Maturities Trust: 2015 January 15, 1998
Xxxxxx Target Maturities Trust: 2020 January 15, 1998
Xxxxxx Target Maturities Trust: 2025 January 15, 1998
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
American Century VP Advantage January 15, 1998
American Century VP Balanced January 15, 1998
American Century VP Capital Appreciation January 15, 1998
American Century VP International January 15, 1998
American Century VP Income & Growth January 15, 1998
American Century VP Value January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
Twentieth Century Emerging Markets Fund January 15, 1998
Twentieth Century International Growth Fund January 15, 1998
Twentieth Century International Discovery Fund January 15, 1998
SCHEDULE B
Investor Class and Single Class Funds
FUND DATE OF AGREEMENT
--------------------------------------------------------------------------------
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
Xxxxxx California Municipal Money Market Fund January 15, 1998
Xxxxxx California High-Yield Municipal Fund January 15, 0000
Xxxxxx Xxxxxxxxxx Tax-Free Money Market Fund January 15, 1998
Xxxxxx California Limited Term Tax-Free Fund January 15, 1998
Xxxxxx California Intermediate-Term Tax-Free Fund January 15, 1998
Xxxxxx California Long-Term Tax-Free Fund January 15, 1998
Xxxxxx California Insured Tax-Free Fund January 15, 1998
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
American Century Equity Income Fund(1) January 15, 1998
American Century Real Estate Fund January 15, 1998
American Century Value Fund(2) January 15, 1998
AMERICAN CENTURY GOVERNMENT INCOME TRUST
Xxxxxx Short-Term Treasury Fund January 15, 1998
Xxxxxx Intermediate-Term Treasury Fund January 15, 1998
Benham Long-Term Treasury Fund January 15, 1998
Xxxxxx Government Agency Money Market Fund January 15, 1998
Xxxxxx Short-Term Government Fund January 15, 0000
Xxxxxx XXXX Fund January 15, 1998
Xxxxxx Inflation-Adjusted Treasury Fund January 15, 1998
Xxxxxx Capital Preservation Fund January 15, 1998
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
Xxxxxx International Bond Fund January 15, 1998
AMERICAN CENTURY INVESTMENT TRUST
Xxxxxx Prime Money Market Fund January 15, 1998
AMERICAN CENTURY MUNICIPAL TRUST
Xxxxxx Arizona Intermediate-Term Municipal Fund January 15, 1998
Xxxxxx Florida Municipal Money Market Fund January 15, 1998
Xxxxxx Florida Intermediate-Term Municipal Fund January 15, 1998
Xxxxxx Tax-Free Money Market Fund January 15, 1998
Xxxxxx Intermediate-Term Tax-Free Fund January 15, 1998
Benham Long-Term Tax-Free Fund January 15, 1998
Xxxxxx Limited-Term Tax-Free Fund January 15, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
American Century Balanced Fund(2) January 15, 1998
Xxxxxx Cash Reserve Fund(2) January 15, 1998
Twentieth Century Growth Fund(2) January 15, 1998
Twentieth Century Heritage Fund(2) January 15, 1998
Xxxxxx Intermediate-Term Bond Fund(2) January 15, 1998
Xxxxxx Limited-Term Bond Fund(2) January 15, 1998
Xxxxxx Xxxx Fund(2) January 15, 1998
Twentieth Century Select Fund(2) January 15, 1998
Xxxxxx Intermediate-Term Government Fund(2) January 15, 1998
Xxxxxx Short-Term Government Fund(2) January 15, 1998
Twentieth Century Ultra Fund(2) January 15, 0000
Xxxxxxxxx Xxxxxxx Xxxxx Fund(2) January 15, 1998
Twentieth Century Giftrust(1) January 15, 1998
Twentieth Century New Opportunities Fund(1) January 15, 1998
AMERICAN CENTURY PREMIUM RESERVES, INC.
Xxxxxx Premium Government Reserve Fund(1) January 15, 1998
Xxxxxx Premium Capital Reserve Fund(1) January 15, 1998
Xxxxxx Premium Bond Fund(1) January 15, 1998
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
American Century Equity Growth Fund January 15, 1998
American Century Income & Growth Fund January 15, 1998
American Century Global Gold Fund January 15, 1998
American Century Global Natural Resources Fund January 15, 1998
American Century Utilities Fund January 15, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
American Century Strategic Allocation: Aggressive(2) January 15, 1998
American Century Strategic Allocation: Conservative(2) January 15, 1998
American Century Strategic Allocation: Moderate(2) January 15, 1998
AMERICAN CENTURY TARGET MATURITIES TRUST
Xxxxxx Target Maturities Trust: 2000 January 15, 1998
Xxxxxx Target Maturities Trust: 2005 January 15, 1998
Xxxxxx Target Maturities Trust: 2010 January 15, 1998
Xxxxxx Target Maturities Trust: 2015 January 15, 1998
Xxxxxx Target Maturities Trust: 2020 January 15, 1998
Xxxxxx Target Maturities Trust: 2025 January 15, 1998
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
American Century VP Advantage(2) January 15, 1998
American Century VP Balanced(1) January 15, 1998
American Century VP Capital Appreciation(1) January 15, 1998
American Century VP International(1) January 15, 1998
American Century VP Income & Growth January 15, 1998
American Century VP Value(1) January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
Twentieth Century Emerging Markets Fund(2) January 15, 1998
Twentieth Century International Growth Fund(2) January 15, 1998
Twentieth Century International Discovery Fund(2) January 15, 1998
--------
1 Multiple Classes of Shares
2 Single Class of Shares
SCHEDULE C
Institutional Class Funds
FUND DATE OF AGREEMENT
--------------------------------------------------------------------------------
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
American Century Equity Income Fund January 15, 1998
American Century Real Estate Fund January 15, 1998
American Century Value Fund January 15, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
American Century Balanced Fund January 15, 1998
Twentieth Century Growth Fund January 15, 1998
Twentieth Century Heritage Fund January 15, 1998
Twentieth Century Select Fund January 15, 1998
Twentieth Century Ultra Fund January 15, 0000
Xxxxxxxxx Xxxxxxx Xxxxx Fund January 15, 1998
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
American Century Equity Growth Fund January 15, 1998
American Century Income & Growth Fund January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
Twentieth Century Emerging Markets Fund January 15, 1998
Twentieth Century International Growth Fund January 15, 1998
Twentieth Century International Discovery Fund January 15, 1998
SCHEDULE D
Service Class Funds
FUND DATE OF AGREEMENT
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AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
American Century Equity Income Fund January 15, 1998
American Century Real Estate Fund January 15, 1998
American Century Value Fund January 15, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
American Century Balanced Fund January 15, 1998
Xxxxxx Cash Reserve Fund January 15, 1998
Twentieth Century Growth Fund January 15, 1998
Twentieth Century Heritage Fund January 15, 1998
Xxxxxx Intermediate-Term Bond Fund January 15, 1998
Xxxxxx Limited-Term Bond Fund January 15, 1998
Xxxxxx Xxxx Fund January 15, 1998
Twentieth Century Select Fund January 15, 1998
Xxxxxx Intermediate-Term Government Fund January 15, 1998
Xxxxxx Short-Term Government Fund January 15, 1998
Twentieth Century Ultra Fund January 15, 0000
Xxxxxxxxx Xxxxxxx Xxxxx Fund January 15, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
American Century Strategic Allocation: Aggressive January 15, 1998
American Century Strategic Allocation: Conservative January 15, 1998
American Century Strategic Allocation: Moderate January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
Twentieth Century Emerging Markets Fund January 15, 1998
Twentieth Century International Growth Fund January 15, 1998
Twentieth Century International Discovery Fund January 15, 1998
SCHEDULE E
Advisor Class Funds
FUND DATE OF AGREEMENT
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AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
American Century Equity Income Fund January 15, 1998
American Century Value Fund January 15, 1998
AMERICAN CENTURY GOVERNMENT INCOME TRUST
Xxxxxx Short-Term Treasury Fund January 15, 1998
Xxxxxx Intermediate-Term Treasury Fund January 15, 1998
Benham Long-Term Treasury Fund January 15, 1998
Xxxxxx Government Agency Money Market Fund January 15, 1998
Xxxxxx Short-Term Government Fund January 15, 0000
Xxxxxx XXXX Fund January 15, 1998
Xxxxxx Inflation-Adjusted Treasury Fund January 15, 1998
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
Xxxxxx International Bond Fund January 15, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
American Century Balanced Fund January 15, 1998
Xxxxxx Cash Reserve Fund January 15, 1998
Twentieth Century Growth Fund January 15, 1998
Twentieth Century Heritage Fund January 15, 1998
Xxxxxx Intermediate-Term Bond Fund January 15, 1998
Xxxxxx Limited-Term Bond Fund January 15, 1998
Xxxxxx Xxxx Fund January 15, 1998
Twentieth Century Select Fund January 15, 1998
Xxxxxx Intermediate-Term Government Fund January 15, 1998
Xxxxxx Short-Term Government Fund January 15, 1998
Twentieth Century Ultra Fund January 15, 0000
Xxxxxxxxx Xxxxxxx Xxxxx Fund January 15, 1998
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
American Century Equity Growth Fund January 15, 1998
American Century Income & Growth Fund January 15, 1998
American Century Global Gold Fund January 15, 1998
American Century Global Natural Resources Fund January 15, 1998
American Century Utilities Fund January 15, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
American Century Strategic Allocation: Aggressive January 15, 1998
American CenturyStrategic Allocation: Conservative January 15, 1998
American Century Strategic Allocation: Moderate January 15, 1998
AMERICAN CENTURY TARGET MATURITIES TRUST
Xxxxxx Target Maturities Trust: 2000 January 15, 1998
Xxxxxx Target Maturities Trust: 2005 January 15, 1998
Xxxxxx Target Maturities Trust: 2010 January 15, 1998
Xxxxxx Target Maturities Trust: 2015 January 15, 1998
Xxxxxx Target Maturities Trust: 2020 January 15, 1998
Xxxxxx Target Maturities Trust: 2025 January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
Twentieth Century Emerging Markets Fund January 15, 1998
Twentieth Century International Growth Fund January 15, 1998
Twentieth Century International Discovery Fund January 15, 1998
