American Century Investments Launches New Load Fund.

Business Editors

KANSAS CITY, Mo.--(BUSINESS WIRE)--March 2, 2004

In order to better serve financial intermediaries and their clients, American Century Investments is expanding its lineup of load funds.

A new, large-cap growth fund, American Century Capital Growth, launched March 1. American Century began offering load funds in February 2003.

Tickers for Capital Growth are as follows:

American Century Capital Growth - Class A ACCGX

American Century Capital Growth - Class B ACGBX

American Century Capital Growth - Class C ACPGX

American Century Capital Growth Fund seeks long-term capital growth by investing in common stocks of larger companies with accelerating earnings and revenue growth.

Gregory Woodhams, Prescott LeGard and Tim Reynolds head up the management team of Capital Growth. The team also manages American Century Growth Fund (TWCGX), a $5.2 billion large-cap growth portfolio.

American Century Capital Growth is designed to meet the long-term objectives of investors who are generally aggressive or who are specifically seeking an investment for asset allocation purposes in a fund that is benchmarked to a popular, large-cap growth index, the Russell 1000 Growth Index(1).

Three share classes, A, B and C, will be offered. The annual management fee is 1.00 percent of assets; minimum initial investment is $2,500. Sales charges and other fees for the A, B and C class shares follow industry standards:

-- A Class shares have an initial (front-end) sales charge, which

is paid by the investor at the time of purchase.

-- B Class shares may have a sales charge, depending upon when

investors sell shares; the investor does not pay an initial

sales charge. The sales charge at redemption is a contingent

deferred sales charge (CDSC).

-- C Class shares may have a sales charge, depending upon when

investors sell shares; the investor does not pay an initial

sales charge. The deferred sales charge will be 1.00 percent.

With the addition of Capital Growth, American Century's load fund lineup, also known as Advisor Funds, totals 13 and has $278 million in assets under management: American Century International Growth, American Century Large Company Value, American Century New Opportunities II, American Century Select, American Century Value, American Century Capital Growth, American Century California High-Yield Municipal, American Century Diversified Bond, American Century High-Yield Municipal, American Century High-Yield, American Century Arizona Municipal Bond, American Century Florida Municipal Bond and American Century Prime Money Market.

For more information about American Century Capital Growth, investment professionals may call American Century at 800-345-6488, ext. 5034.

American Century Investments is a leading investment manager with more than 45 years of experience helping investors achieve their financial goals. Serving institutions, corporations, investment professionals and nearly two million individual investors, American Century offers a broad array of products across a variety of investment disciplines.

Based in Kansas City, Mo., the company manages approximately $90 billion in assets through separate accounts, commingled trusts, subadvisory accounts and mutual funds. James E. Stowers Jr. founded the company in 1958 and serves as chairman. His son, James E. Stowers III, is co-chairman and William M. Lyons is president and chief executive officer. For the past five years, American Century, which employs approximately 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.

For more complete information, please call 800-345-6488, ext. 5034 for a prospectus which should be read carefully before investing or sending money.

Notwithstanding general similarities in the management teams and investment policies, this fund and our American Century Growth Fund are separate mutual funds that will have different investment performance. Differences in cash flows into the funds, the size of their portfolios and specific investments held by the funds, will cause performance to differ.

(1) The Russell 1000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. Created by Frank Russell Company, it is not an investment product available for purchase.