American Century Investments Announces Agreement to Acquire Mutual Fund Assets of Kopp Investment Advisors.

KANSAS CITY, Mo. -- American Century Investments today announced an agreement in principle to acquire the retail mutual fund assets of Kopp Investment Advisors. The two acquired Kopp mutual funds will be reorganized into existing American Century mutual funds. Assets totaling approximately $300-350 million from Kopp Emerging Growth Fund and Kopp Total Quality Management Fund will be added to American Century New Opportunities II Fund and American Century Equity Growth Fund, respectively.

Terms of the deal were not disclosed.

The planned reorganizations, unanimously approved by the boards of American Century and Kopp Funds and expected to be completed in late February 2007, stand to benefit the investors of both companies while fulfilling the long-term strategic intent of both groups.

"We're very pleased to be announcing this transaction with Kopp," said David Tucker, American Century senior vice president of business development. "The additional assets will allow us to reach a fee breakpoint on one of our key strategies, New Opportunities II, which will directly translate to lower fees for its shareholders."

"I'm delighted we are entering into this agreement with American Century," said Lee Kopp, chairman and chief executive officer of Kopp Investment Advisors. "The reorganization of our retail funds will enable us to focus exclusively on our core competency: private account management."

Kopp Emerging Growth is a small cap growth strategy that seeks long-term capital appreciation. Kopp Total Quality Management is a large-cap blend strategy that also seeks long-term capital appreciation. Lee Kopp and Sally Anderson co-manage the funds.

American Century New Opportunities II Fund seeks long-term capital growth. Its portfolio managers look for stocks of smaller-size companies they believe will increase in value over time, using an investment strategy developed by American Century and a bottom-up approach to stock selection. Harold Bradley, Stafford Southwick and Matthew Ferretti co-manage the fund.

American Century Equity Growth Fund seeks long-term capital growth. In selecting stocks for the fund, the portfolio managers select primarily from the 1,500 largest publicly traded U.S. companies. The managers use quantitative, computer-driven models to construct the portfolio of stocks for the fund. William Martin, Fei Zou and Thomas Vaiana are the co-managers.

Planned Reorganization

Kopp Fund                            (Merges into) American Century
                                     Fund
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Kopp Emerging Growth Fund            American Century New
(Small Cap Growth)                   Opportunities II Fund
                                     (Small Cap Growth)
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Kopp Total Quality Management Fund   American Century Equity Growth
(Large Cap Blend)                    Fund
                                     (Large Cap Blend)
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About Kopp Investment Advisors

The Kopp Funds are managed by Kopp Investment Advisors, a Minnesota-based firm founded in 1990 by President and CEO Lee Kopp. Kopp Investment Advisors was initially established to manage private accounts and launched its retail mutual fund business in 1997. The firm currently manages approximately $1.5 billion.

About American Century Investments

American Century Investments is a leading investment manager with nearly fifty years of experience helping investors achieve their financial goals. Based in Kansas City, Mo., the company manages approximately $98 billion in assets through separate accounts, commingled trusts, subadvisory accounts and mutual funds. James E. Stowers Jr. founded the company in 1958. His son, James E. Stowers III, is chairman and William M. Lyons is president and chief executive officer. For the past seven years, American Century, which employs approximately 1,900 people, has been selected as one of FORTUNE Magazine's 100 Best Companies to Work for. For more information about the company, visit www.americancentury.com.

Important Disclosure Information

The information included herein is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy. American Century Mutual Funds, Inc. and American Century Quantitative Equity Funds, Inc. will file a proxy statement/prospectus and other relevant documents regarding the reorganizations with the U.S. Securities and Exchange Commission (the "SEC"). Investors are urged to read these documents because they will contain important information about the reorganizations and related matters. You will be able to obtain these documents free of charge at the SEC Web site (www.sec.gov).

You should consider the funds' investment objectives, risks, and charges and expenses carefully before you invest. The funds' prospectuses, which can be obtained by calling 800-345-2021 (for the American Century funds) or 888-533-KOPP (for the Kopp funds), contains this and other information about the funds, and should be read carefully before investing. Investment return and fund share value will fluctuate, and redemption value may be more or less than original cost.