ADDENDUM TO MANAGEMENT AGREEMENT
This Addendum, dated as of September 15, 1997, supplements the
Management Agreement (the "Agreement") dated as of August 1, 1997, by and
between American Century Mutual Funds, Inc. ("ACMF") and American Century
Investment Management, Inc. ("ACIM").
IN CONSIDERATION of the mutual promises and conditions herein
contained, the parties agree as follows (all capitalized terms used herein and
not otherwise defined having the meaning given them in the Agreement):
1. ACIM shall manage the following series (the "New Series") of shares
to be issued by ACMF, and for such management shall receive the Applicable Fee
set forth below:
Applicable
Name of Series Name of Class Fee
-------------- ------------- ---
High-Yield Fund Investor Class 0.90%
Advisor Class 0.65%
2. ACIM shall manage the New Series in accordance with the terms and
conditions specified in the Agreement for its existing management
responsibilities.
IN WITNESS WHEREOF, the parties have caused this Addendum to Agreement
to be executed by their respective duly authorized officers as of the day and
year first above written.
Attest: AMERICAN CENTURY MUTUAL FUNDS, INC.
/*/Charles A. Etherington /*/William M. Lyons
Charles A. Etherington William M. Lyons
Assistant Secretary Executive Vice President
Attest: AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
/*/Charles A. Etherington /*/William M. Lyons
Charles A. Etherington William M. Lyons
Assistant Secretary Executive Vice President
