American Century Subsidiary Acumation, Inc. Announces Appointment of Patrick Lin as President; Jim Blachman Joins as VP/Director of Investment Advisory Services.

Business Editors

KANSAS CITY, Mo.--(BUSINESS WIRE)--April 19, 2000

Acumation, Inc., a wholly-owned subsidiary of American Century Companies, Inc. that specializes in portfolio optimization systems, announced today the appointment of Patrick Lin as president of the firm and Jim Blachman as vice president/director of Investment Advisory Services. Both appointments are effective immediately and will be based at Acumation's headquarters in Mountain View, California.

"We sought a unique blend of skills for the president of Acumation, Inc.," said Acumation Chairman and Chief Executive Officer Mark Killen. "Patrick Lin brings impeccable academic credentials, computer and software expertise, and an impressive breadth of financial services management experience from the international operations of some of the premier names in finance. Acumation's charge of blending high-quality investment advice and online delivery will be well-served by Mr. Lin's experience and vision."

Patrick Lin joins Acumation from Barclays Capital in San Francisco where he served as the firm's managing director. Prior to that assignment, he was the president and chief executive of Barclays Capital and Bank in Japan, where, beginning in 1996, he managed the Fixed-Income and Capital Markets, Equity and Interest Rate Derivatives, Foreign Exchange, and Investment Banking businesses.

Mr. Lin has also served as a managing director of Lehman Brothers, Inc. in New York and Tokyo from 1994-1996, and was a principal of Morgan Stanley & Co., Inc. in New York, London and Tokyo from 1987-1994. His software and systems experience derives from Daisy Systems Corporation, where he implemented product-marketing strategies for computer-aided electronics and design systems.

"To date, the financial services Internet space has largely been devoted to trade execution," said Patrick Lin. "The real value for investors in that space going forward is delivering personalized investment advice for creating goal-specific portfolios. Acumation is devoted to, in a sense, creating a suite of 'virtual financial advisor' services that can tailor and deliver financial management to the investor in the form of mutual fund, equity and bond recommendations and execution. American Century's Fund Advisor is our first product, but we plan to move quickly into a broader menu of products and services in support of optimal portfolios for individual investors."

Acumation also announced the hire of Jim Blachman as vice president/director of its Investment Advisory Services. Mr. Blachman's most recent experience was in the design, construction and operation of Bank of America's mutual fund wrap program--Fund Strategies. He also was a Western Region team leader at SEI Investments, Inc.--which is involved in investment management, consulting and software. In addition, during most the 1980's, he was with Wharton Econometric Forecasting Associates, which develops data and analysis software.

Patrick Lin holds a B.S. in Industrial Engineering and Operations Research from the University of California at Berkeley and an M.S. in Engineering Management from Stanford University.

Jim Blachman holds Bachelor's and Master's degrees in Economics, both awarded by the University of California at Berkeley.

Acumation, Inc., a Registered Investment Advisor and a wholly-owned subsidiary of American Century Companies, Inc., offers specific and impartial investment advice and mutual fund recommendations to individual investors via the Web. Acumation's portfolio optimization system merges human expertise with innovative technology in order to create online, advice-based investment tools. The firm has offices in Kansas City, Missouri and Mountain View, California. For more information on the company, visit its Web site at www.acumation.com.

American Century is a mutual fund, brokerage and investment services company serving nearly two million individual and institutional investors. It was recently selected as one of FORTUNE Magazine's Best Companies to Work for in America. Through its broad selection of more than 70 mutual funds, the Kansas City, Missouri-based company manages more than $115 billion in assets. For more information on company products and services, visit its Web site at www.americancentury.com.