AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
PROSPECTUS SUPPLEMENT
VP Value
SUPPLEMENT DATED JANUARY 15, 1998
Prospectus dated May 1, 1997
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 12 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "WHEN SHARE PRICE IS DETERMINED."
We have contractual relationships with certain financial intermediaries in
which such intermediaries represent that they have systems to track the time at
which investment orders are received and to segregate orders received at
different times. Based on these representations, the fund has authorized such
intermediaries and their designees to accept purchase and redemption orders on
the fund's behalf up to the applicable cut-off time. The fund will be deemed to
have received such orders upon acceptance by the duly authorized intermediary,
and such orders will be priced at the fund's net asset value next determined
after acceptance on the fund's behalf by such intermediary.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 14 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "TRANSFER AND ADMINISTRATIVE SERVICES."
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the fund. FDI is
responsible for (i) providing certain officers of the fund and (ii) reviewing
and filing marketing and sales literature on behalf of the fund. The fees and
expenses of FDI are paid by the manager.
THE FOLLOWING DISCLOSURE REPLACES THE FIRST SENTENCE UNDER THE HEADING
"DISTRIBUTION OF FUND SHARES" FOUND ON PAGE 14 OF THE PROSPECTUS.
The fund's shares are distributed by FDI, a registered broker-dealer (the
Distributor). FDI is a wholly-owned indirect subsidiary of Boston Institutional
Group, Inc. FDI's principal business address is 60 State Street, Suite 1300,
Boston, Massachusetts 02109.
THE FOLLOWING DISCLOSURE SHOULD BE INSERTED AS THE LAST PARAGRAPH UNDER THE
HEADING "DISTRIBUTION OF FUND SHARES" ON PAGE 14 OF THE PROSPECTUS.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the fund offered by this Prospectus
are processed by the transfer agent, which is authorized to accept any
instructions relating to fund accounts. All purchase orders must be accepted by
the Distributor.
P.O. Box 419385 [american century logo]
Kansas City, Missouri American
64141-6385 Century(reg.sm)
1-800-345-3533 or 816-531-5575
SH-SPL-11262 9801
<PAGE>
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
PROSPECTUS SUPPLEMENT
VP Balanced
SUPPLEMENT DATED JANUARY 15, 1998
Prospectus dated May 1, 1997
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 12 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "WHEN SHARE PRICE IS DETERMINED."
We have contractual relationships with certain financial intermediaries in
which such intermediaries represent that they have systems to track the time at
which investment orders are received and to segregate orders received at
different times. Based on these representations, the fund has authorized such
intermediaries and their designees to accept purchase and redemption orders on
the fund's behalf up to the applicable cut-off time. The fund will be deemed to
have received such orders upon acceptance by the duly authorized intermediary,
and such orders will be priced at the fund's net asset value next determined
after acceptance on the fund's behalf by such intermediary.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 14 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "TRANSFER AND ADMINISTRATIVE SERVICES."
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the fund. FDI is
responsible for (i) providing certain officers of the fund and (ii) reviewing
and filing marketing and sales literature on behalf of the fund. The fees and
expenses of FDI are paid by the manager.
THE FOLLOWING DISCLOSURE REPLACES THE FIRST SENTENCE UNDER THE HEADING
"DISTRIBUTION OF FUND SHARES" FOUND ON PAGE 14 OF THE PROSPECTUS.
The fund's shares are distributed by FDI, a registered broker-dealer (the
Distributor). FDI is a wholly-owned indirect subsidiary of Boston Institutional
Group, Inc. FDI's principal business address is 60 State Street, Suite 1300,
Boston, Massachusetts 02109.
THE FOLLOWING DISCLOSURE SHOULD BE INSERTED AS THE LAST PARAGRAPH UNDER THE
HEADING "DISTRIBUTION OF FUND SHARES" ON PAGE 14 OF THE PROSPECTUS.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the fund offered by this Prospectus
are processed by the transfer agent, which is authorized to accept any
instructions relating to fund accounts. All purchase orders must be accepted by
the Distributor.
P.O. Box 419385 [american century logo]
Kansas City, Missouri American
64141-6385 Century(reg.sm)
1-800-345-3533 or 816-531-5575
SH-SPL-11263 9801
<PAGE>
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
PROSPECTUS SUPPLEMENT
VP Capital Appreciation
SUPPLEMENT DATED JANUARY 15, 1998
Prospectus dated May 1, 1997
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 10 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "WHEN SHARE PRICE IS DETERMINED."
We have contractual relationships with certain financial intermediaries in
which such intermediaries represent that they have systems to track the time at
which investment orders are received and to segregate orders received at
different times. Based on these representations, the fund has authorized such
intermediaries and their designees to accept purchase and redemption orders on
the fund's behalf up to the applicable cut-off time. The fund will be deemed to
have received such orders upon acceptance by the duly authorized intermediary,
and such orders will be priced at the fund's net asset value next determined
after acceptance on the fund's behalf by such intermediary.
THE FOLLOWING DISCLOSURE REPLACES THE FOURTH PARAGRAPH UNDER THE HEADING
"INVESTMENT MANAGEMENT," FOUND ON PAGE 11 OF THE PROSPECTUS.
CHRISTOPHER K. BOYD, Vice President and Portfolio Manager, joined American
Century in January 1998. With the exception of 1997, Mr. Boyd has been with
American Century since March 1988 and served as a Portfolio Manager since
December 1992. During 1997, Mr. Boyd was in private practice as an investment
advisor.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 12 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "TRANSFER AND ADMINISTRATIVE SERVICES."
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the fund. FDI is
responsible for (i) providing certain officers of the fund and (ii) reviewing
and filing marketing and sales literature on behalf of the fund. The fees and
expenses of FDI are paid by the manager.
THE FOLLOWING DISCLOSURE REPLACES THE FIRST SENTENCE UNDER THE HEADING
"DISTRIBUTION OF FUND SHARES" FOUND ON PAGE 12 OF THE PROSPECTUS.
The fund's shares are distributed by FDI, a registered broker-dealer (the
Distributor). FDI is a wholly-owned indirect subsidiary of Boston Institutional
Group, Inc. FDI's principal business address is 60 State Street, Suite 1300,
Boston, Massachusetts 02109.
THE FOLLOWING DISCLOSURE SHOULD BE INSERTED AS THE LAST PARAGRAPH UNDER THE
HEADING "DISTRIBUTION OF FUND SHARES" ON PAGE 12 OF THE PROSPECTUS.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the fund offered by this Prospectus
are processed by the transfer agent, which is authorized to accept any
instructions relating to fund accounts. All purchase orders must be accepted by
the Distributor.
P.O. Box 419385 [american century logo]
Kansas City, Missouri American
64141-6385 Century(reg.sm)
1-800-345-3533 or 816-531-5575
SH-SPL-11264 9801
<PAGE>
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
PROSPECTUS SUPPLEMENT
VP Advantage
SUPPLEMENT DATED JANUARY 15, 1998
to Prospectus dated May 1, 1997
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 12 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "WHEN SHARE PRICE IS DETERMINED."
We have contractual relationships with certain financial intermediaries in
which such intermediaries represent that they have systems to track the time at
which investment orders are received and to segregate orders received at
different times. Based on these representations, the fund has authorized such
intermediaries and their designees to accept purchase and redemption orders on
the fund's behalf up to the applicable cut-off time. The fund will be deemed to
have received such orders upon acceptance by the duly authorized intermediary,
and such orders will be priced at the fund's net asset value next determined
after acceptance on the fund's behalf by such intermediary.
THE FOLLOWING DISCLOSURE REPLACES THE THIRD THROUGH SIXTH PARAGRAPHS UNDER THE
HEADING "MANAGEMENT" ON PAGE 13 OF THE PROSPECTUS.
The portfolio manager members of the VP Advantage team and their work
experience for the last five years are as follows:
JAMES E. STOWERS III, Chief Executive Officer and Portfolio Manager, joined
American Century in 1981. He is a member of the team that manages the equity
portion of VP Advantage.
BRUCE A. WIMBERLY, Portfolio Manager, joined American Century in September
1994 as an Investment Analyst, a position he held until July 1996. At that time
he was promoted to Portfolio Manager. Prior to joining American Century, Mr.
Wimberly attended Kellogg Graduate School of Management, Northwestern University
from August 1992 to August 1994, where he obtained his MBA degree. Prior to that
he served as a Research Analyst for Frontier Capital Management Company, Boston,
Massachusetts. Mr. Wimberly is a member of the team that manages the equity
portion of VP Advantage.
NORMAN E. HOOPS, Senior Vice President and Fixed Income Portfolio Manager,
joined American Century as Vice President and Portfolio Manager in November
1989. In April 1993, he became Senior Vice President. He is a member of the team
that manages the fixed income portion of VP Advantage.
JEFFREY L. HOUSTON, Portfolio Manager, has worked for American Century since
November 1990. He is a member of the team that manages the fixed income portion
of VP Advantage.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 14 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "TRANSFER AND ADMINISTRATIVE SERVICES."
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the fund. FDI is
responsible for (i) providing certain officers of the fund and (ii) reviewing
and filing marketing and sales literature on behalf of the fund. The fees and
expenses of FDI are paid by the manager.
THE FOLLOWING DISCLOSURE REPLACES THE FIRST SENTENCE UNDER THE HEADING
"DISTRIBUTION OF FUND SHARES" ON PAGE 14 OF THE PROSPECTUS.
The fund's shares are distributed by FDI, a registered broker-dealer (the
Distributor). FDI is a wholly-owned indirect subsidiary of Boston Institutional
Group, Inc. FDI's principal business address is 60 State Street, Suite 1300,
Boston, Massachusetts 02109.
THE FOLLOWING DISCLOSURE SHOULD BE INSERTED AS THE LAST PARAGRAPH UNDER THE
HEADING "DISTRIBUTION OF FUND SHARES" ON PAGE 14 OF THE PROSPECTUS.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the fund offered by this Prospectus
are processed by the transfer agent, which is authorized to accept any
instructions relating to fund accounts. All purchase orders must be accepted by
the Distributor.
P.O. Box 419385 [american century logo]
Kansas City, Missouri American
64141-6385 Century(reg.sm)
1-800-345-3533 or 816-531-5575
SH-SPL-11265 9801
<PAGE>
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
PROSPECTUS SUPPLEMENT
VP International
SUPPLEMENT DATED JANUARY 15, 1998
to Prospectus dated May 1, 1997
THE FOLLOWING DISCLOSURE REPLACES THE LAST SENTENCE UNDER THE HEADING "RISK
FACTORS" FOUND ON PAGE 6 OF THE PROSPECTUS.
CLEARANCE AND SETTLEMENT RISK. Foreign securities markets also have different
clearance and settlement procedures, and in certain markets there have been
times when settlements have been unable to keep pace with the volume of
securities transactions, making it difficult to conduct such transactions.
Delays in clearance and settlement could result in temporary periods when assets
of the fund are uninvested and no return is earned thereon. The inability of the
fund to make intended security purchases due to clearance and settlement
problems could cause the funds to miss attractive investment opportunities.
Inability to dispose of portfolio securities due to clearance and settlement
problems could result either in losses to the fund due to subsequent declines in
value of the portfolio security or, if the fund has entered into a contract to
sell the security, liability to the purchaser.
OWNERSHIP RISK. Evidence of securities ownership may be uncertain in many
foreign countries. In many of these countries, the most notable of which is the
Russian Federation, the ultimate evidence of securities ownership is the share
register held by the issuing company or its registrar. While some companies may
issue share certificates or provide extracts of the company's share register,
these are not negotiable instruments and are not effective evidence of
securities ownership. In an ownership dispute, the company's share register is
controlling. As a result, there is a risk that the fund's trade details could be
incorrectly or fraudulently entered on the issuer's share register at the time
of the transaction, or that the fund's ownership position could thereafter be
altered or deleted entirely resulting in a loss to the fund. While the fund
intends to invest directly in Russia only in companies which utilize an
independent registrar, there can be no assurance that such investments will not
result in a loss to the fund.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 11 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "WHEN SHARE PRICE IS DETERMINED."
We have contractual relationships with certain financial intermediaries in
which such intermediaries represent that they have systems to track the time at
which investment orders are received and to segregate orders received at
different times. Based on these representations, the fund has authorized such
intermediaries and their designees to accept purchase and redemption orders on
the fund's behalf up to the applicable cut-off time. The fund will be deemed to
have received such orders upon acceptance by the duly authorized intermediary,
and such orders will be priced at the fund's net asset value next determined
after acceptance on the fund's behalf by such intermediary.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 13 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "TRANSFER AND ADMINISTRATIVE SERVICES."
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the fund. FDI is
responsible for (i) providing certain officers of the fund and (ii) reviewing
and filing marketing and sales literature on behalf of the fund. The fees and
expenses of FDI are paid by the manager.
THE FOLLOWING DISCLOSURE REPLACES THE FIRST SENTENCE UNDER THE HEADING
"DISTRIBUTION OF FUND SHARES" FOUND ON PAGE 13 OF THE PROSPECTUS.
The fund's shares are distributed by FDI, a registered broker-dealer (the
Distributor). FDI is a wholly-owned indirect subsidiary of Boston Institutional
Group, Inc. FDI's principal business address is 60 State Street, Suite 1300,
Boston, Massachusetts 02109.
THE FOLLOWING DISCLOSURE SHOULD BE INSERTED AS THE LAST PARAGRAPH UNDER THE
HEADING "DISTRIBUTION OF FUND SHARES" ON PAGE 13 OF THE PROSPECTUS.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the fund offered by this Prospectus
are processed by the transfer agent, which is authorized to accept any
instructions relating to fund accounts. All purchase orders must be accepted by
the Distributor.
P.O. Box 419385 [american century logo]
Kansas City, Missouri American
64141-6385 Century(reg.sm)
1-800-345-3533 or 816-531-5575
SH-SPL-11266 9801
<PAGE>
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
PROSPECTUS SUPPLEMENT
VP Income and Growth
SUPPLEMENT DATED JANUARY 15, 1998
Prospectus dated September 15, 1997
THE FOLLOWING DISCLOSURE SHOULD BE INSERTED AFTER THE SECTION "SECURITIES
LENDING" FOUND ON PAGE 7 OF THE PROSPECTUS.
INVESTMENTS IN COMPANIES WITH LIMITED OPERATING HISTORY
The fund may invest in the securities of issuers with limited operating
history. The manager considers an issuer to have a limited operating history if
that issuer has a record of less than three years of continuous operation.
Investments in securities of issuers with limited operating history may
involve greater risks than investments in securities of more mature issuers. By
their nature, such issuers present limited operating history and financial
information upon which the manager may base its investment decision on behalf of
the fund. In addition, financial and other information regarding such issuers,
when available, may be incomplete or inaccurate.
VP Income and Growth will not invest more than 5% of its total assets in the
securities of issuers with less than a three-year operating history. The manager
will consider periods of capital formation, incubation, consolidation, and
research and development in determining whether a particular issuer has a record
of three years of continuous operation.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 9 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "WHEN SHARE PRICE IS DETERMINED."
We have contractual relationships with certain financial intermediaries in
which such intermediaries represent that they have systems to track the time at
which investment orders are received and to segregate orders received at
different times. Based on these representations, the fund has authorized such
intermediaries and their designees to accept purchase and redemption orders on
the fund's behalf up to the applicable cut-off time. The fund will be deemed to
have received such orders upon acceptance by the duly authorized intermediary,
and such orders will be priced at the fund's net asset value next determined
after acceptance on the fund's behalf by such intermediary.
THE FOLLOWING DISCLOSURE IS ADDED ON PAGE 11 OF THE PROSPECTUS, FOLLOWING THE
LAST PARAGRAPH UNDER THE HEADING "TRANSFER AND ADMINISTRATIVE SERVICES."
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the fund. FDI is
responsible for (i) providing certain officers of the fund and (ii) reviewing
and filing marketing and sales literature on behalf of the fund. The fees and
expenses of FDI are paid by the manager.
THE FOLLOWING DISCLOSURE REPLACES THE FIRST SENTENCE UNDER THE HEADING
"DISTRIBUTION OF FUND SHARES" FOUND ON PAGE 11 OF THE PROSPECTUS.
The fund's shares are distributed by FDI, a registered broker-dealer (the
Distributor). FDI is a wholly-owned indirect subsidiary of Boston Institutional
Group, Inc. FDI's principal business address is 60 State Street, Suite 1300,
Boston, Massachusetts 02109.
THE FOLLOWING DISCLOSURE SHOULD BE INSERTED AS THE LAST PARAGRAPH UNDER THE
HEADING "DISTRIBUTION OF FUND SHARES" ON PAGE 11 OF THE PROSPECTUS.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the fund offered by this Prospectus
are processed by the transfer agent, which is authorized to accept any
instructions relating to fund accounts. All purchase orders must be accepted by
the Distributor.
P.O. Box 419385 [american century logo]
Kansas City, Missouri American
64141-6385 Century(reg.sm)
1-800-345-3533 or 816-531-5575
SH-SPL-11267 9801
