American Century Fundamental Equity Fund Turns Three and Receives Five-Star Morningstar Rating.

KANSAS CITY, Mo. -- American Century Fundamental Equity Fund (AFDAX) celebrated its third birthday with a five-star overall rating from Morningstar, Inc., for the three-year period ended Nov. 30, 2007 (out of 1,624 large-cap blend funds) - Morningstar's highest rating. Fundamental Equity, A Class, completed its third year of operation on Nov. 30.

American Century Fundamental Equity is a large-cap blend fund that seeks to own attractively priced companies with improving fundamental prospects. The portfolio seeks to maintain at least 75 percent of its holdings in large-cap equities across the growth and value spectrum, allowing it to participate in upward-trending markets in either investment style. The remaining 25 percent of the portfolio may be invested in small- and mid-cap stocks and initial public offerings (IPOs).

Investors should seriously consider Fundamental Equity, according to co-manager Jerry Sullivan. "We think it's a sound choice as a large-cap holding for a diversified portfolio," said Sullivan. "Our years of experience in the large-cap space may enable us to find good, large-company buying opportunities and to find similar or related small- and mid-cap companies that might be otherwise overlooked."

Since its inception, Fundamental Equity's returns have surpassed its benchmark, the S&P 500, by an annualized average of nearly 5 percent.

                                              <
Annualized Return


Fundamental Equity, A Class                   <
16.56%


S&P 500                                   <
11.61%


From 11/30/2004 inception through 11/30/2007  <

A Class shares are subject to an initial sales charge of up to 4.50%. Fund performance to date was affected by investments in initial public offerings (IPOs), non-U.S. stocks, and small- and mid-cap stocks. IPOs and smaller stocks may have less impact on the fund's performance as its assets grow. Performance over a longer period of time is more meaningful than short-term performance.

Sullivan and co-portfolio manager Rob Brookby lead the Fundamental Equity team.

Sullivan joined American Century Investments in 2000 and previously served as a co-manager on other large-cap growth portfolios within the firm. Before that, he was a portfolio manager for the Franklin Templeton Group and prior to that, a portfolio manager with SunAmerica Asset Management. He has worked in the financial industry since 1982. Sullivan holds a bachelor's of arts degree in political science from Columbia University and a master's degree in business administration in finance and accounting from the Columbia Graduate School of Business.

Brookby joined American Century Investments in 2000 and previously served as an analyst on other U.S. Growth portfolios within the firm. Before that, he was an equity research analyst at Raymond James Financial. He has worked in the financial industry since 1994. Brookby received a bachelor's degree in economics from Northwestern University and a master's degree in business administration from Harvard Business School.

Fundamental Equity is available for purchase through financial intermediaries.

American Century Investments is a leading investment manager with more than 45 years of experience helping investors achieve their financial goals. Serving investment professionals, institutions, corporations and individual investors, American Century offers a broad array of products across a variety of investment disciplines. With offices in New York, Mountain View, Calif. and Kansas City, Mo., the company manages approximately $101 billion in assets (as of 12/18) through mutual funds, institutional separate accounts, commingled trusts and sub advisory accounts. James E. Stowers Jr. founded the company in 1958. Jonathan S. Thomas is president and chief executive officer, and Enrique Chang is chief investment officer. For the past eight years, American Century, which employs 1,800 people, has been selected as one of FORTUNE Magazine's 100 Best Companies to Work for in America. For more information about the company, visit www.americancentury.com.

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Contact 1-800-345-6488 for a prospectus containing this and other information. Read it carefully.

As of 9/30/07                <                      <


                             <                      <  1-year perform-

Since inception
Fundamental Equity, A class  <                      <  26.96%

18.28%
S&P 500                  <                      <  16.44%

11.61%

Data presented reflect past performance. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance shown. Investment return and fund share value will fluctuate, and redemption value may be more or less than original cost. To obtain performance data current to the most recent month end, please call 1-800-345-6488 or visit www.americancentury.com. Performance reflects A Class shares. For information about other share classes available, please consult the prospectus. Data assumes reinvestment of dividends and capital gains. Fund performance to date was affected by investments in initial public offerings (IPOs), non-U.S. stocks, and small- and mid-cap stocks. IPOs and smaller stocks may have less impact on the fund's performance as its assets grow. Performance over a longer period of time is more meaningful than short-term performance.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating[TM] based on a Morningstar Risk-Adjusted Return measure that account for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating[TM] for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating[TM] metrics. As of 11/30/2007, Fundamental Equity was rated against the following numbers of U.S.-domiciled large-cap blend funds over the following time period: 1,624 funds in the last three years. With respect to these large-cap blend funds, Fundamental Equity received a Morningstar Rating[TM] of five stars. Past performance is no guarantee of future results.