American Century Launches Three New Load Funds.

American Century Investments Opens Two Fixed Income Funds and New Quantitative International Core Equity Strategy

MOUNTAIN VIEW, Calif. -- American Century Investments today announced the launch of its new Short Duration Bond and Core Plus Bond funds by its fixed income investment team and a separate international equity fund managed by the firm's quantitative equity group. The launch of the new funds increases American Century's load fund lineup, strengthening the firm's offerings for financial advisors.

American Century Short Duration Bond (ACSNX1) and American Century Core Plus Bond (ACCNX1) are managed by the investment group that oversees some $19 billion in fixed income assets. The Core Plus Bond fund will invest at least 65 percent of its assets in investment-grade bonds and also have the ability to invest up to 35 percent of its assets in high-yield and emerging market debt. The fund's objective is to attain maximum total return, and secondarily, to seek a high level of income.

The new Short Duration Bond fund also will invest in investment-grade, non-money market debt securities, yet the weighted average duration of the fund's portfolio will be three years or shorter. Both the Short Duration and Core Plus funds may be appropriate for investors seeking short term yield, along with capital preservation.

"The processes used to build the new bond portfolios rely on a combination of bottom-up security selection and top-down macro-economic analysis," said Chief Investment Officer for Fixed Income G. David MacEwen. "Our team of portfolio managers and analysts will structure benchmark-aware funds to meet specific risk and return objectives."

American Century's quantitative equity group launched International Core Equity Fund (ACIMX1) with the investment objective of long-term capital growth by investing in companies in the developed world, excluding the United States and Canada. The portfolio management team will review the approximately 2,500 largest publicly traded companies with a multi-factor model to select those companies with quality earnings, positive stock momentum and an attractive stock price. By employing a quantitatively driven, bottom-up approach to portfolio construction, the managers will conduct a comprehensive analysis of all the relevant data, risk management and sophisticated modeling in an effort to achieve positive active returns. The portfolio benchmark is the MSCI-EAFE Index, an acronym for the Morgan Stanley Capital International Europe Australasia Far East.

"Our goal is to provide an optimal balance between risk and expected return without taking on significant additional risk," said Chief Investment Officer for Quantitative Equity John Schniedwind, whose team of professionals directs and supervises approximately $14 billion in domestic equity funds. "We welcome the opportunity to add a new core international strategy to our existing quantitative equity capability," he said.

The funds require a minimum $2,500 initial investment. The management fee for Short Duration (Investor share class) is 0.62%; management fee for Core Plus Bond (Investor share class) is 0.67%; and the management fee for International Core Equity is 1.15% (Investor share class). In addition to the Investor class, all three funds are available in the following share classes: A, B, C, R and Institutional. The funds are only available through financial intermediaries.

Each of the funds are run by veteran managers. The managers on International Core Equity are Chief Investment Officer for Quantitative Equity John Schniedwind, CFA; Director of Quantitative Research Zili Zhang, Ph.D.; and Portfolio Manager Fei Zou, Ph.D. For the fixed income funds, American Century's taxable bond team lead Robert V. Gahagan and James F. Keegan, along with several portfolio managers and analysts, will supervise the funds day to day.

"The strategy for our Core Plus Fund is to construct a portfolio with the goal of a high level of return with broad bond market exposure," MacEwen said. "We will search for opportunities among various sectors to achieve attractive overall returns. For Short Duration, we'll buy bonds with attractive yields and our objective is to minimize fluctuations in principal and seek current income across the portfolio."

About American Century Investments

American Century Investments is a leading investment manager with nearly 50 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. Based in Kansas City, Mo., the company manages $100 billion in assets through mutual funds, institutional separate accounts, commingled trusts and subadvisory accounts. 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 1,900 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.

You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The individual fund's prospectus, which can be obtained by calling 1-800-345-2021, contains this and other information about the fund, and should be read carefully before investing.

Investment return and principal value will fluctuate, and it is possible to lose money by investing. International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

Generally as interest rates rise, bond prices fall. The lower rated securities in which the funds invest are subject to greater credit risk, default risk and liquidity risk.

EAFE[R] - The MSCI Europe, Australasia, Far East (EAFEa) Index is a widely followed group of stocks from 20 developed market countries. It is not an investment product available for purchase.

1 Ticker symbols listed are for Investor Class shares only.