AMERICAN CENTURY MUTUAL FUNDS INC
485BPOS, 1999-11-29
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                     AMENDMENT NO. 7 TO MULTIPLE CLASS PLAN
                                       OF
                    AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
                       AMERICAN CENTURY MUTUAL FUNDS, INC.
               AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
                    AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.


         THIS AMENDMENT NO. 7 TO MULTIPLE CLASS PLAN is made as of the 19th day
of November, 1999, by each of the above named corporations (the "Issuers").
Capitalized terms not otherwise defined herein shall have the meaning ascribed
to them in the Multiple Class Plan.

                                    RECITALS

         WHEREAS, the Issuers are parties to a certain Multiple Class Plan dated
as of May 31, 1996, amended June 13, 1997, September 30, 1997, June 30, 1998,
November 13, 1998, January 29, 1999 and July 30, 1999 (the "Plan"); and

         WHEREAS, American Century Mutual Funds, Inc., has added new series,
Veedot Fund and Veedot Large-Cap Fund (the "Funds"), offering multiple classes;
and

         WHEREAS, the parties desire to amend the Plan to adopt the Plan on
behalf of the Funds.

         NOW, THEREFORE, in consideration of the mutual promises set forth
herein, the parties hereto agree as follows:

         1. American Century Mutual Funds, Inc. hereby adopt the Plan on behalf
of the Funds, in accordance with Rule 18f-3 under the 1940 Act and on the terms
and conditions contained in the Plan.

         2. Schedule A to the Plan is hereby amended by deleting the text
thereof in its entirety and inserting in lieu therefor the Schedule A attached
hereto.

         3. After the date hereof, all references to the Plan shall be deemed to
mean the Multiple Class Plan, as amended by Amendment No. 7.

         4. In the event of a conflict between the terms of this Amendment No.7
and the Plan, it is the intention of the parties that the terms of this
Amendment No. 7 shall control and the Plan shall be interpreted on that basis.
To the extent the provisions of the Plan have not been amended by this Amendment
No. 7, the parties hereby confirm and ratify the Plan.

         5. This Amendment No. 7 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. 7
as of the date first above written.

                                    AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
                                    AMERICAN CENTURY MUTUAL FUNDS, INC.
                                    AMERICAN CENTURY STRATEGIC ASSET
                                        ALLOCATIONS, 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 Multiclass Plan
---------------------------------------------------- ------------ -------------------- -------------- -------------------
                                                      Investor       Institutional        Service          Advisor
Fund                                                    Class            Class             Class            Class
---------------------------------------------------- ------------ -------------------- -------------- -------------------
AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
      Equity Income Fund                                 Yes              Yes               Yes              Yes
      Value Fund                                         Yes              Yes               Yes              Yes
      Real Estate Fund                                   Yes              Yes               No               Yes
      Small Cap Value Fund                               Yes              Yes               No               Yes
      Equity Index Fund                                  Yes              Yes               No               No
      Large Cap Value Fund                               Yes              Yes               No               Yes

---------------------------------------------------- ------------ -------------------- -------------- -------------------
AMERICAN CENTURY MUTUAL FUNDS, INC.
      Balanced Fund                                      Yes              Yes               Yes              Yes
      Growth Fund                                        Yes              Yes               Yes              Yes
      Heritage Fund                                      Yes              Yes               Yes              Yes
      Intermediate-Term Bond Fund                        Yes              No                Yes              Yes
      Limited-Term Bond Fund                             Yes              No                Yes              Yes
      Bond Fund                                          Yes              No                Yes              Yes
      Select Fund                                        Yes              Yes               Yes              Yes
      Ultra Fund                                         Yes              Yes               Yes              Yes
      Vista Fund                                         Yes              Yes               Yes              Yes
      Giftrust Fund                                      Yes              No                No               No
      New Opportunities Fund                             Yes              No                No               No
      High-Yield Fund                                    Yes              No                No               Yes
      Tax-Managed Value Fund                             Yes              Yes               No               Yes
      Veedot Fund                                        Yes              Yes               No               Yes
      Veedot Large-Cap Fund                              Yes              Yes               No               Yes

---------------------------------------------------- ------------ -------------------- -------------- -------------------
AMERICAN  CENTURY STRATEGIC ASSET ALLOCATIONS, INC.
      Strategic Allocation: Aggressive
      Strategic Allocation: Conservative                 Yes              No                Yes              Yes
      Strategic Allocation: Moderate                     Yes              No                Yes              Yes
                                                         Yes              No                Yes              Yes
---------------------------------------------------- ------------ -------------------- -------------- -------------------
AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.
      International Growth Fund                          Yes              Yes               Yes              Yes
      International Discovery Fund                       Yes              Yes               Yes              Yes
      Emerging Markets Fund                              Yes              Yes               Yes              Yes
      Global Growth Fund                                 Yes              Yes               No               Yes
---------------------------------------------------- ------------ -------------------- -------------- -------------------


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