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AMERICAN CENTURY MUTUAL FUNDS, INC. Prospectus Supplement GIFTRUST SUPPLEMENT DATED JULY 1, 1999 * PROSPECTUS DATED MARCH 1, 1999 Effective July 1, the following replaces the paragraph under "How to Invest in Giftrust -- By telephone -- Open an account" in the chart on page 9 of the Prospectus. A Giftrust account must be established in writing with an initial gift of at least $2,500. Call us for a Giftrust Kit. SH-SPL-17144 9906
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