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Previous: AMERICAN CENTURY VARIABLE PORTFOLIOS II INC, N-1A/A, EX-99.B, 2001-01-09 |
Next: AMERICAN CENTURY VARIABLE PORTFOLIOS II INC, N-1A/A, EX-99.G2, 2001-01-09 |
AMENDMENT NO. 1 TO
MANAGEMENT AGREEMENT (INVESTOR CLASS)
THIS AMENDMENT NO. 1 TO MANAGEMENT AGREEMENT (INVESTOR CLASS) is made
as of the 16th day of September, 2000, by and between each of the registered
investment companies that have executed this Amendment below (the "Companies")
and American Century Investment Management, Inc., a Delaware corporation (the
"Investment Manager"). Capitalized terms not otherwise defined herein shall have
the meaning ascribed to them in the Management Agreement (defined below).
WHEREAS, the Companies (other than American Century Variable Portfolios
II, Inc. ("ACVPII")) and the Investment Manager are parties to a certain
Management Agreement (Investor Class) dated August 1, 1997 ("Agreement"); and
WHEREAS, American Century Target Maturities Trust has added a new
series, Target 2030 Fund; and
WHEREAS, a new Issuer, American Century Variable Portfolios II, Inc.,
has been formed and desires to become a party to the Agreement; and
WHEREAS, the parties desire to amend the Agreement to add the Target
2030 Fund and ACVPII as a party thereto;
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. Exhibits A, B, C and D to the Agreement are hereby amended
by deleting the text thereof in their entirety and inserting
in lieu therefor the Exhibits A, B, C and D attached hereto.
2. After the date hereof, all references to the Agreement
shall be deemed to mean the Agreement as amended by this
Amendment No. 1.
3. In the event of a conflict between the terms of this
Amendment and the Agreement, it is the intention of the
parties that the terms of this Amendment shall control and the
Agreement shall be interpreted on that basis. To the extent
the provisions of the Agreement have not been amended by this
Amendment, the parties hereby confirm and ratify the
Agreement.
4. Except as expressly supplemented, amended or consented to
hereby, all of the representations, warranties, terms,
covenants and conditions of the Agreement shall remain
unamended and shall continue to be in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by their respective duly authorized officers as of the day and year
first above written.
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY MUNICIPAL TRUST
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY TARGET MATURITIES TRUST
AMERICAN CENTURY VARIABLE PORTFOLIOS II, INC.
By: /s/ David C. Tucker
Name: David C. Tucker
Title: Senior Vice President of each
Attest: /s/ Janet A. Nash
Name: Janet A. Nash
Title: Assistant Secretary of each
AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
By: /s/ William M. Lyons
Name: William M. Lyons
Title: Executive Vice President
Attest: /s/ Charles A. Etherington
Name: Charles A. Etherington
Title: Assistant Secretary
EXHIBIT A
REGISTERED INVESTMENT COMPANIES SUBJECT TO MANAGEMENT AGREEMENT
Registered Investment Company and Funds Date
American Century California Tax-Free and Municipal Funds
California High-Yield Municipal Fund August 1, 1997
California Insured Tax-Free Fund August 1, 1997
California Intermediate-Term Tax-Free Fund August 1, 1997
California Limited-Term Tax-Free Fund August 1, 1997
California Long-Term Tax-Free Fund August 1, 1997
California Municipal Money Market Fund August 1, 1997
California Tax-Free Money Market Fund August 1, 1997
American Century Government Income Trust
Capital Preservation Fund August 1, 1997
GNMA Fund August 1, 1997
Government Agency Money Market Fund August 1, 1997
Inflation-Adjusted Treasury Fund August 1, 1997
Intermediate-Term Treasury Fund August 1, 1997
Long-Term Treasury Fund August 1, 1997
Short-Term Government Fund August 1, 1997
Short-Term Treasury Fund August 1, 1997
American Century International Bond Funds
International Bond Fund August 1, 1997
American Century Investment Trust
Prime Money Market Fund August 1, 1997
American Century Municipal Trust
Arizona Intermediate-Term Municipal Fund August 1, 1997
Florida Intermediate-Term Municipal Fund August 1, 1997
Florida Municipal Money Market Fund August 1, 1997
Intermediate-Term Tax-Free Fund August 1, 1997
Limited-Term Tax-Free Fund August 1, 1997
Long-Term Tax-Free Fund August 1, 1997
High-Yield Municipal Fund March 31, 1998
Tax-Free Money Market Fund August 1, 1997
Registered Investment Company and Funds Date
American Century Quantitative Equity Funds
Equity Growth Fund August 1, 1997
Global Gold Fund August 1, 1997
Global Natural Resources Fund August 1, 1997
Income & Growth Fund August 1, 1997
Small Cap Quantitative Fund July 1, 1998
Utilities Fund August 1, 1997
American Century Target Maturities Trust
Target 2000 Fund August 1, 1997
Target 2005 Fund August 1, 1997
Target 2010 Fund August 1, 1997
Target 2015 Fund August 1, 1997
Target 2020 Fund August 1, 1997
Target 2025 Fund August 1, 1997
Target 2030 Fund September 16, 2000
American Century Variable Portfolios II, Inc.
VP Prime Money Market Fund September 16, 2000
Dated: September 16, 2000
EXHIBIT B
SERIES INVESTMENT CATEGORIES
Investment Category Series
Money Market Funds California Municipal Money Market Fund
California Tax-Free Money Market Fund
Capital Preservation Fund
Florida Municipal Money Market Fund
Government Agency Money Market Fund
Prime Money Market Fund
Tax-Free Money Market Fund
VP Prime Money Market Fund
Bond Funds Arizona Intermediate-Term Municipal Fund
California High-Yield Municipal Fund
California Insured Tax-Free Fund
California Intermediate-Term Tax-Free Fund
California Limited-Term Tax-Free Fund
California Long-Term Tax-Free Fund
Florida Intermediate-Term Municipal Fund
GNMA Fund
High-Yield Municipal Fund
Inflation-Adjusted Treasury Fund
Intermediate-Term Tax-Free Fund
Intermediate-Term Treasury Fund
International Bond Fund
Limited-Term Tax-Free Fund
Long-Term Tax-Free Fund
Long-Term Treasury Fund
Short-Term Government Fund
Short-Term Treasury Fund
Target 2000 Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Investment Category Series
Equity Funds Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Small Cap Quantitative Fund
Utilities Fund
Dated: September 16, 2000
EXHIBIT C
INVESTMENT CATEGORY FEE SCHEDULES: MONEY MARKET FUNDS
Schedule 1 Funds:
Capital Preservation Fund
Government Agency Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2500%
Next $1 billion 0.2070%
Next $3 billion 0.1660%
Next $5 billion 0.1490%
Next $15 billion 0.1380%
Next $25 billion 0.1375%
Thereafter 0.1370%
Schedule 2 Funds:
California Tax-Free Money Market Fund
California Municipal Money Market Fund
Florida Municipal Money Market Fund
Tax-Free Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2700%
Next $1 billion 0.2270%
Next $3 billion 0.1860%
Next $5 billion 0.1690%
Next $15 billion 0.1580%
Next $25 billion 0.1575%
Thereafter 0.1570%
Schedule 3 Funds:
Prime Money Market Fund
VP Prime Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3700%
Next $1 billion 0.3270%
Next $3 billion 0.2860%
Next $5 billion 0.2690%
Next $15 billion 0.2580%
Next $25 billion 0.2575%
Thereafter 0.2570%
CATEGORY FEE SCHEDULES: BOND FUNDS
Schedule 1 Funds:
Short-Term Treasury Fund
Intermediate-Term Treasury Fund
Long-Term Treasury Fund
California Limited-Term Tax-Free Fund
California Intermediate-Term Tax-Free Fund
California Long-Term Tax-Free Fund
California Insured Tax-Free Fund
Arizona Intermediate-Term Municipal Fund
Florida Intermediate-Term Municipal Fund
Limited-Term Tax-Free Fund
Intermediate-Term Tax-Free Fund
Long-Term Tax-Free Fund
Inflation-Adjusted Treasury Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2800%
Next $1 billion 0.2280%
Next $3 billion 0.1980%
Next $5 billion 0.1780%
Next $15 billion 0.1650%
Next $25 billion 0.1630%
Thereafter 0.1625%
Schedule 2 Funds:
California High-Yield Municipal Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3100%
Next $1 billion 0.2580%
Next $3 billion 0.2280%
Next $5 billion 0.2080%
Next $15 billion 0.1950%
Next $25 billion 0.1930%
Thereafter 0.1925%
CATEGORY FEE SCHEDULES: BOND FUNDS
(continued)
Schedule 3 Funds:
GNMA Fund
Short-Term Government Fund
Target 2000 Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3600%
Next $1 billion 0.3080%
Next $3 billion 0.2780%
Next $5 billion 0.2580%
Next $15 billion 0.2450%
Next $25 billion 0.2430%
Thereafter 0.2425%
Schedule 4 Funds:
International Bond Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6100%
Next $1 billion 0.5580%
Next $3 billion 0.5280%
Next $5 billion 0.5080%
Next $15 billion 0.4950%
Next $25 billion 0.4930%
Thereafter 0.4925%
CATEGORY FEE SCHEDULES: BOND FUNDS (continued)
Schedule 5 Funds:
High-Yield Municipal Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.4100%
Next $1 billion 0.3580%
Next $3 billion 0.3280%
Next $5 billion 0.3080%
Next $15 billion 0.2950%
Next $25 billion 0.2930%
Thereafter 0.2925%
CATEGORY FEE SCHEDULES: EQUITY FUNDS
Schedule 1 Funds:
Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Utilities Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.5200%
Next $5 billion 0.4600%
Next $15 billion 0.4160%
Next $25 billion 0.3690%
Next $50 billion 0.3420%
Next $150 billion 0.3390%
Thereafter 0.3380%
Schedule 2 Funds:
Small Cap Quantitative Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.7200%
Next $5 billion 0.6600%
Next $15 billion 0.6160%
Next $25 billion 0.5690%
Next $50 billion 0.5420%
Next $150 billion 0.5390%
Thereafter 0.5380%
Dated: September 16, 2000
EXHIBIT D
COMPLEX FEE SCHEDULE
Complex Assets Fee Rate
-------------- --------
First $2.5 billion 0.3100%
Next $7.5 billion 0.3000%
Next $15.0 billion 0.2985%
Next $25.0 billion 0.2970%
Next $50.0 billion 0.2960%
Next $100.0 billion 0.2950%
Next $100.0 billion 0.2940%
Next $200.0 billion 0.2930%
Next $250.0 billion 0.2920%
Next $500.0 billion 0.2910%
Thereafter 0.2900%
Dated: September 16, 2000
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