American Century New Opportunities Fund Passes $400 Million Mark; Fund Closed to New Investors.

KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov. 23, 1999--

Keeping its pledge to investors, American Century Investments announced today it closed the American Century New Opportunities Fund to new investors because the fund surpassed $400 million in assets. This marks the first time the Kansas City-based mutual fund company has closed a fund to new investors based on the asset level of the fund.

"When we launched the fund, American Century knew it was important to keep the fund to a reasonable size to allow the management team to remain nimble and maintain the emphasis on the small- and mid-cap market," said Spence Fitzgibbons, American Century's director of product management.

The growth of New Opportunities has come from both new investments and through performance. For the first three quarters of this year through Sept. 30, the fund has gained nearly 40 percent. For the one-year period ended Sept. 30, 1999, the fund posted an average annual total return of 79.31 percent. Since the Dec. 26, 1996, inception through Sept. 30, 1999, the fund has returned 20.25 percent(a).

The aggressive growth fund, which was launched in January 1997, has a $10,000 minimum investment and a 2 percent redemption fee if shares are exchanged or redeemed less than five years after investment. Chris Boyd and John Seitzer co-manage the fund.

American Century accepted new applications with investments for New Opportunities from qualified investors that were received by Nov. 22, 1999. Qualified investors were notified by mail of the fund's closing. Subsequent investments from current investors for New Opportunities accounts that already are open will continue to be accepted.

American Century is a mutual fund, brokerage and investment services company serving nearly two million individual and institutional investors. Through its broad selection of more than 70 mutual funds, the Kansas City, Missouri-based company manages about $100 billion in assets. James E. Stowers Jr. founded the company in 1958 and serves as chairman. His son, James E. Stowers III, is chief executive officer and William M. Lyons is president and chief operating officer. For more information on company products and services, visit its Web site at www.americancentury.com.

(a) Data presented reflect past performance, assume reinvestment of all dividends and capital gains distributions and are no guarantee of future results. Performance reflects Investor Class shares. For information about other share classes, please consult the prospectus. Investment return and principal value will fluctuate, and redemption value may be more or less than original cost. For more information on American Century funds, including charges and expenses, call an Investor Services Representative at [phone] from 7 a.m. to 7 p.m. Central Time for fund prospectuses or profiles, which should be read carefully before investing or sending money. Funds Distributor, Inc. is the distributor of American Century funds.