American Century Variable Portfolios, Inc.
Supplement to VP Income & Growth Prospectus
Supplement dated November 4, 1997
to Prospectus dated September 15, 1997
The disclosure set forth below replaces the heading and the first paragraph
under the current heading "Interest Rate Futures Contracts and Options Thereon"
found on page 6 of the VP Income & Growth prospectus.
FUTURES CONTRACTS AND OPTIONS THEREON
The fund may buy or sell futures contracts relating to groups of securities
or indices and write or buy put and call options relating to such futures
contracts.
[american century logo]
American Century(sm)
P.O. Box 419385 o Kansas City, Missouri 64141-6385
Person-to-person assistance:
1-800-345-3533 or 816-531-5575
www.americancentury.com
SH-SPL-10471
