AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
PROSPECTUS SUPPLEMENT
VP Value
SUPPLEMENT DATED JULY 30, 1998
Prospectus dated May 1, 1998
The following disclosure replaces the fourth paragraph under the heading
"Investment Management" found on page 12 of the Prospectus.
R. TODD VINGERS, Portfolio Manager, joined American Century in August 1994 as an
Investment Analyst, a position he held until February 1998. At that time he was
promoted to Portfolio Manager. Prior to joining American Century, Mr. Vingers
attended the University of Chicago Graduate School of Business from October 1991
to June 1994, where he obtained his MBA degree.
[american century logo(reg.sm)]
American
Century(reg.tm)
P.O. Box 419385 * Kansas City, Missouri 64141-6385
1-800-345-3533 or 816-531-5575
www.americancentury.com
SH-SPL-13585 9807
