AMENDMENT NO. 5 TO DISTRIBUTION AGREEMENT
THIS AMENDMENT NO. 5 TO DISTRIBUTION AGREEMENT is made as of the 19th
of November, 1999, by and between each of the open end management investment
companies listed on Schedule A, attached hereto, as of the dates noted on such
Schedule A, together with all other open end management investment companies
subsequently established and made subject to this Agreement in accordance with
Section 16 (the "Issuers") and Funds Distributor, Inc. ("Distributor").
Capitalized terms not otherwise defined herein shall have the meaning ascribed
to them in the Distribution Agreement.
RECITALS
WHEREAS, the Issuers and Distributor are parties to a certain
Distribution Agreement dated January 15, 1998, amended June 1, 1998, December 1,
1998, January 29, 1999 and July 30, 1999 (the "Distribution Agreement"); and
WHEREAS, American Century Mutual Funds, Inc. has added two series,
Veedot Fund and Veedot Large-Cap Fund; and
WHEREAS, the parties desire to amend the Distribution Agreement to add
the new series and multiple classes.
NOW, THEREFORE, in consideration of the mutual promises set
forth herein, the parties hereto agree as follows:
1. The new series are hereby added as parties to the Distribution
Agreement.
2. Schedules A, B, C, D and E to Distribution Agreement are hereby
amended by deleting the text thereof in their entirety and inserting in lieu
therefor the Schedules A, B, C, D and E attached hereto.
3. After the date hereof, all references to the Distribution Agreement
shall be deemed to mean the Distribution Agreement, as amended by Amendment No.
1, Amendment 2, Amendment No. 3, Amendment No. 4 and this Amendment No. 5.
4. In the event of a conflict between the terms of this Amendment No.
5, Amendment No. 4, Amendment No. 3, Amendment No. 2, Amendment No. 1 and the
Distribution Agreement, it is the intention of the parties that the terms of
this Amendment No. 5 shall control and the Distribution Agreement shall be
interpreted on that basis. To the extent the provisions of the Distribution
Agreement, Amendment No. 1, Amendment No. 2, Amendment No. 3 and Amendment No. 4
have not been amended by this Amendment No. 5, the parties hereby confirm and
ratify the Distribution Agreement.
5. This Amendment No. 5 may be executed in two or more counterparts,
each of which shall be an original and all of which together shall constitute
one instrument.
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 5
as of the date first above written.
FUNDS DISTRIBUTOR, INC.
By: /s/ Marie E. Connolly
Name: Marie E. Connolly
Title: President and CEO
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY MUNICIPAL TRUST
AMERICAN CENTURY MUTUAL FUNDS, INC.
AMERICAN CENTURY PREMIUM RESERVES, INC.
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
AMERICAN CENTURY TARGET MATURITIES TRUST
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
By: /s/ David C. Tucker
David C. Tucker
Vice President of each of the Issuers
SCHEDULE A
Companies and Funds Covered by this Distribution Agreement
Fund Date of Agreement
---- -----------------
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
0 California Municipal Money Market Fund January 15, 1998
0 California High-Yield Municipal Fund January 15, 1998
0 California Tax-Free Money Market Fund January 15, 1998
0 California Limited Term Tax-Free Fund January 15, 1998
0 California Intermediate-Term Tax-Free Fund January 15, 1998
0 California Long-Term Tax-Free Fund January 15, 1998
0 California Insured Tax-Free Fund January 15, 1998
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
0 Equity Income Fund January 15, 1998
0 Real Estate Fund January 15, 1998
0 Value Fund January 15, 1998
0 Small Cap Value Fund July 30, 1998
0 Equity Index Fund January 29, 1999
0 Large Cap Value Fund July 30, 1999
AMERICAN CENTURY GOVERNMENT INCOME TRUST
0 Short-Term Treasury Fund January 15, 1998
0 Intermediate-Term Treasury Fund January 15, 1998
0 Long-Term Treasury Fund January 15, 1998
0 Government Agency Money Market Fund January 15, 1998
0 Short-Term Government Fund January 15, 1998
0 GNMA Fund January 15, 1998
0 Inflation-Adjusted Treasury Fund January 15, 1998
0 Capital Preservation Fund January 15, 1998
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
0 International Bond Fund January 15, 1998
AMERICAN CENTURY INVESTMENT TRUST
0 Prime Money Market Fund January 15, 1998
AMERICAN CENTURY MUNICIPAL TRUST
0 Arizona Intermediate-Term Municipal Fund January 15, 1998
0 Florida Municipal Money Market Fund January 15, 1998
0 Florida Intermediate-Term Municipal Fund January 15, 1998
0 Tax-Free Money Market Fund January 15, 1998
0 Intermediate-Term Tax-Free Fund January 15, 1998
0 Long-Term Tax-Free Fund January 15, 1998
0 Limited-Term Tax-Free Fund January 15, 1998
0 High-Yield Municipal Fund March 31, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
0 Balanced Fund January 15, 1998
0 Growth Fund January 15, 1998
0 Heritage Fund January 15, 1998
0 Intermediate-Term Bond Fund January 15, 1998
0 Limited-Term Bond Fund January 15, 1998
0 Bond Fund January 15, 1998
0 Select Fund January 15, 1998
0 Ultra Fund January 15, 1998
0 Vista Fund January 15, 1998
0 Giftrust Fund January 15, 1998
0 New Opportunities Fund January 15, 1998
0 High-Yield Fund January 15, 1998
0 Tax-Managed Value Fund February 15, 1999
0 Veedot Fund November 19, 1999
0 Veedot Large-Cap Fund November 19, 1999
AMERICAN CENTURY PREMIUM RESERVES, INC.
0 Premium Government Reserve Fund January 15, 1998
0 Premium Capital Reserve Fund January 15, 1998
0 Premium Managed Bond Fund January 15, 1998
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
0 Equity Growth Fund January 15, 1998
0 Income & Growth Fund January 15, 1998
0 Global Gold Fund January 15, 1998
0 Global Natural Resources Fund January 15, 1998
0 Utilities Fund January 15, 1998
0 Small Cap Quantitative Fund July 30, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
0 Strategic Allocation: Aggressive Fund January 15, 1998
0 Strategic Allocation: Conservative Fund January 15, 1998
0 Strategic Allocation: Moderate Fund January 15, 1998
AMERICAN CENTURY TARGET MATURITIES TRUST
0 Target 2000 Fund January 15, 1998
0 Target 2005 Fund January 15, 1998
0 Target 2010 Fund January 15, 1998
0 Target 2015 Fund January 15, 1998
0 Target 2020 Fund January 15, 1998
0 Target 2025 Fund January 15, 1998
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
0 VP Advantage Fund January 15, 1998
0 VP Balanced Fund January 15, 1998
0 VP Capital Appreciation Fund January 15, 1998
0 VP International Fund January 15, 1998
0 VP Income & Growth Fund January 15, 1998
0 VP Value Fund January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
0 Emerging Markets Fund January 15, 1998
0 International Growth Fund January 15, 1998
0 International Discovery Fund January 15, 1998
0 Global Growth Fund December 1, 1998
SCHEDULE B
Investor Class Funds
Fund Date of Agreement
---- -----------------
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
0 California Municipal Money Market Fund January 15, 1998
0 California High-Yield Municipal Fund January 15, 1998
0 California Tax-Free Money Market Fund January 15, 1998
0 California Limited Term Tax-Free Fund January 15, 1998
0 California Intermediate-Term Tax-Free Fund January 15, 1998
0 California Long-Term Tax-Free Fund January 15, 1998
0 California Insured Tax-Free Fund January 15, 1998
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
0 Equity Income Fund1 January 15, 1998
0 Real Estate Fund1 January 15, 1998
0 Value Fund1 January 15, 1998
0 Small Cap Value Fund1 July 30, 1998
0 Equity Index Fund1 January 29, 1999
0 Large Cap Value Fund1 July 30, 1999
AMERICAN CENTURY GOVERNMENT INCOME TRUST
0 Short-Term Treasury Fund1 January 15, 1998
0 Intermediate-Term Treasury Fund1 January 15, 1998
0 Long-Term Treasury Fund1 January 15, 1998
0 Government Agency Money Market Fund1 January 15, 1998
0 Short-Term Government Fund1 January 15, 1998
0 GNMA Fund1 January 15, 1998
0 Inflation-Adjusted Treasury Fund1 January 15, 1998
0 Capital Preservation Fund January 15, 1998
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
0 International Bond Fund1 January 15, 1998
AMERICAN CENTURY INVESTMENT TRUST
0 Prime Money Market Fund1 June 1, 1998
AMERICAN CENTURY MUNICIPAL TRUST
0 Arizona Intermediate-Term Municipal Fund January 15, 1998
0 Florida Municipal Money Market Fund January 15, 1998
0 Florida Intermediate-Term Municipal Fund January 15, 1998
0 Tax-Free Money Market Fund January 15, 1998
0 Intermediate-Term Tax-Free Fund January 15, 1998
0 Long-Term Tax-Free Fund January 15, 1998
0 Limited-Term Tax-Free Fund January 15, 1998
0 High-Yield Municipal Fund March 31, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
0 Balanced Fund1 January 15, 1998
0 Growth Fund1 January 15, 1998
0 Heritage Fund1 January 15, 1998
0 Intermediate-Term Bond Fund1 January 15, 1998
0 Limited-Term Bond Fund1 January 15, 1998
0 Bond Fund1 January 15, 1998
0 Select Fund1 January 15, 1998
0 Ultra Fund1 January 15, 1998
0 Vista Fund1 January 15, 1998
0 Giftrust January 15, 1998
0 New Opportunities Fund January 15, 1998
0 High-Yield Fund January 15, 1998
0 Tax-Managed Value Fund February 15, 1999
0 Veedot Fund November 19, 1999
0 Veedot Large-Cap Fund November 19, 1999
AMERICAN CENTURY PREMIUM RESERVES, INC.
0 Premium Government Reserve Fund January 15, 1998
0 Premium Capital Reserve Fund January 15, 1998
0 Premium Bond Fund January 15, 1998
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
0 Equity Growth Fund1 January 15, 1998
0 Income & Growth Fund1 January 15, 1998
0 Global Gold Fund1 January 15, 1998
0 Global Natural Resources Fund1 January 15, 1998
0 Utilities Fund1 January 15, 1998
0 Small Cap Quantitative Fund1 July 30, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
0 Strategic Allocation: Aggressive1 January 15, 1998
0 Strategic Allocation: Conservative1 January 15, 1998
0 Strategic Allocation: Moderate1 January 15, 1998
AMERICAN CENTURY TARGET MATURITIES TRUST
0 Target 2000 Fund1 January 15, 1998
0 Target 2005 Fund1 January 15, 1998
0 Target 2010 Fund1 January 15, 1998
0 Target 2015 Fund1 January 15, 1998
0 Target 2020 Fund1 January 15, 1998
0 Target 2025 Fund1 January 15, 1998
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
0 VP Advantage Fund January 15, 1998
0 VP Balanced Fund January 15, 1998
0 VP Capital Appreciation Fund January 15, 1998
0 VP International Fund January 15, 1998
0 VP Income & Growth Fund January 15, 1998
0 VP Value Fund January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
0 Emerging Markets Fund1 January 15, 1998
0 International Growth Fund1 January 15, 1998
0 International Discovery Fund1 January 15, 1998
0 Global Growth Fund1 December 1, 1998
--------
1 Multiple Classes of Shares
SCHEDULE C
Institutional Class Funds
Fund Date of Agreement
---- -----------------
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
0 Equity Income Fund January 15, 1998
0 Real Estate Fund January 15, 1998
0 Value Fund January 15, 1998
0 Small Cap Value Fund July 30, 1998
0 Equity Index Fund January 29, 1999
0 Large Cap Value Fund July 30, 1999
AMERICAN CENTURY MUTUAL FUNDS, INC.
0 Balanced Fund January 15, 1998
0 Growth Fund January 15, 1998
0 Heritage Fund January 15, 1998
0 Select Fund January 15, 1998
0 Ultra Fund January 15, 1998
0 Vista Fund January 15, 1998
0 Tax-Managed Value Fund February 15, 1999
0 Veedot Fund November 19, 1999
0 Veedot Large-Cap Fund November 19, 1999
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
0 Equity Growth Fund January 15, 1998
0 Income & Growth Fund January 15, 1998
0 Small Cap Quantitative Fund July 30, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
0 Emerging Markets Fund January 15, 1998
0 International Growth Fund January 15, 1998
0 International Discovery Fund January 15, 1998
0 Global Growth Fund December 1, 1998
SCHEDULE D
Service Class Funds
Fund Date of Agreement
---- -----------------
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
0 Equity Income Fund January 15, 1998
0 Real Estate Fund January 15, 1998
0 Value Fund January 15, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
0 Balanced Fund January 15, 1998
0 Growth Fund January 15, 1998
0 Heritage Fund January 15, 1998
0 Intermediate-Term Bond Fund January 15, 1998
0 Limited-Term Bond Fund January 15, 1998
0 Bond Fund January 15, 1998
0 Select Fund January 15, 1998
0 Ultra Fund January 15, 1998
0 Vista Fund January 15, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
0 Strategic Allocation: Aggressive January 15, 1998
0 Strategic Allocation: Conservative January 15, 1998
0 Strategic Allocation: Moderate January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
0 Emerging Markets Fund January 15, 1998
0 International Growth Fund January 15, 1998
0 International Discovery Fund January 15, 1998
SCHEDULE E
Advisor Class Funds
Fund Date of Agreement
---- -----------------
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
0 Equity Income Fund January 15, 1998
0 Value Fund January 15, 1998
0 Real Estate Fund January 15, 1998
0 Small Cap Value Fund July 30, 1998
0 Large Cap Value Fund July 30, 1999
AMERICAN CENTURY GOVERNMENT INCOME TRUST
0 Short-Term Treasury Fund January 15, 1998
0 Intermediate-Term Treasury Fund January 15, 1998
0 Long-Term Treasury Fund January 15, 1998
0 Government Agency Money Market Fund January 15, 1998
0 Short-Term Government Fund January 15, 1998
0 GNMA Fund January 15, 1998
0 Inflation-Adjusted Treasury Fund January 15, 1998
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
0 International Bond Fund January 15, 1998
AMERICAN CENTURY MUTUAL FUNDS, INC.
0 Balanced Fund January 15, 1998
0 Growth Fund January 15, 1998
0 Heritage Fund January 15, 1998
0 Intermediate-Term Bond Fund January 15, 1998
0 Limited-Term Bond Fund January 15, 1998
0 Bond Fund January 15, 1998
0 Select Fund January 15, 1998
0 Ultra Fund January 15, 1998
0 Vista Fund January 15, 1998
0 High-Yield Fund January 15, 1998
0 Tax-Managed Value Fund February 15, 1999
0 Veedot Fund November 19, 1999
0 Veedot Large-Cap Fund November 19, 1999
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
0 Equity Growth Fund January 15, 1998
0 Income & Growth Fund January 15, 1998
0 Global Gold Fund January 15, 1998
0 Global Natural Resources Fund January 15, 1998
0 Utilities Fund January 15, 1998
0 Small Cap Quantitative Fund July 30, 1998
AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
0 Strategic Allocation: Aggressive January 15, 1998
0 Strategic Allocation: Conservative January 15, 1998
0 Strategic Allocation: Moderate January 15, 1998
AMERICAN CENTURY TARGET MATURITIES TRUST
0 Target 2000 Fund January 15, 1998
0 Target 2005 Fund January 15, 1998
0 Target 2010 Fund January 15, 1998
0 Target 2015 Fund January 15, 1998
0 Target 2020 Fund January 15, 1998
0 Target 2025 Fund January 15, 1998
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
0 Emerging Markets Fund January 15, 1998
0 International Growth Fund January 15, 1998
0 International Discovery Fund January 15, 1998
0 Global Growth Fund December 1, 1998
AMERICAN CENTURY INVESTMENT TRUST
0 Prime Money Market Fund June 1, 1998
