AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS, INC.
PROSPECTUS SUPPLEMENT
Income & Growth and Equity Growth
Investor Class o Institutional Class o Advisor Class
SUPPLEMENT DATED JANUARY 15, 1998
Prospectus dated September 2, 1997
The following disclosure should be inserted as the second paragraph under the
heading "American Century Investments" found on page 12 of the Investor Class
and Institutional Class Prospectuses and as the last paragraph under the heading
"How to Purchase and Sell American Century Funds" found on page 12 of the
Advisor Class Prospectus.
To reduce expenses and demonstrate respect for our environment, we have
initiated a project through which we will eliminate duplicate copies of most
financial reports and prospectuses to most households and deliver account
statements to most households in a single envelope, even if they have more than
one account. If additional copies of financial reports and prospectuses or
separate mailing of account statements is desired, please call us.
The following disclosure is added on page 18 of the Investor Class Prospectus,
page 17 of the Institutional Class Prospectus and page 13 of the Advisor Class
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 following the last paragraph under the heading
"Transfer and Administrative Services" on page 21 of the Investor Class and
Institutional Class Prospectuses and page 16 of the Advisor Class Prospectus.
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the funds. FDI is
responsible for (i) providing certain officers of the funds and (ii) reviewing
and filing marketing and sales literature on behalf of the funds. 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 22 of the Investor Class Prospectus,
page 21 of the Institutional Class Prospectus and page 17 of the Advisor Class
Prospectus.
The funds' 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 22 of the Investor Class
Prospectus, page 21 of the Institutional Class Prospectus and page 17 of the
Advisor Class Prospectus.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the funds 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 419200 [american century logo]
Kansas City, Missouri American
64141-6200 Century(reg.sm)
1-800-345-2021 or 816-531-5575
SH-SPL-11269 9801
<PAGE>
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS, INC.
PROSPECTUS SUPPLEMENT
Global Gold o Global Natural
Resources o Utilities
SUPPLEMENT DATED JANUARY 15, 1998
Prospectus dated September 2, 1997
Investor Class o Advisor Class
The following disclosure replaces the second, third and fourth paragraphs under
the heading "Global Gold" found on page 8 of the Investor Class Prospectus and
page 9 of the Advisor Class Prospectus.
Global Gold seeks to realize a total return (capital growth and dividends)
consistent with investment in securities of companies that are engaged in
mining, processing, fabricating or distributing gold or other precious metals
throughout the world.
The Manager will construct Global Gold's portfolio to match the risk
characteristics of the market for gold and gold-related equity securities and,
in turn, attempt to produce performance indicative of performance in the
worldwide gold equities market. As part of evaluating and determining the
appropriate investments for Global Gold, the Manager intends to utilize various
benchmarks, including a proprietary benchmark developed and monitored by the
Manager.
The Manager's proprietary benchmark is designed to reflect the securities
market identified by Global Gold's investment objective. The benchmark is
comprised of securities of companies throughout the world which are engaged in
mining, processing, exploring for or otherwise dealing with gold or other
precious metals ("Gold Companies"). The Gold Companies included in the Manager'
s proprietary benchmark must receive a minimum percentage of their revenues from
gold-related activities or have a minimum percentage of their assets invested in
gold-related assets, such as gold mines. In addition, the Gold Companies that
will be included in the Manager's proprietary benchmark must also meet minimum
market capitalization requirements. The Manager may change the composition and
characteristics of the proprietary benchmark as warranted by developments in the
global gold market. Such changes will be approved by Global Gold's Board of
Directors.
Global Gold will concentrate its investments in securities of Gold
Companies. Under normal circumstances, at least 65% of the value of Global
Gold's total assets will be invested in securities of issuers engaged in gold
operations, including securities of gold mining finance companies, as well as
operating companies with long-, medium- or short-life gold mines.
The disclosure set forth in the following paragraph should be inserted as the
second paragraph under the heading "American Century Investments" on page 18 of
the Investor Class Prospectus and as the last paragraph under the heading "How
to Purchase and Sell American Century Funds" on page 18 of the Advisor Class
Prospectus.
To reduce expenses and demonstrate respect for our environment, we have
initiated a project through which we will eliminate duplicate copies of most
financial reports and prospectuses to most households and deliver account
statements to most households in a single envelope, even if they have more than
one account. If additional copies of financial reports and prospectuses or
separate mailing of account statements is desired, please call us.
The following disclosure is added on page 24 of the Investor Class Prospectus
and page 19 of the Advisor Class 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 28 of the Investor Class Prospectus
and page 23 of the Advisor Class 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 funds. FDI is
responsible for (i) providing certain officers of the funds and (ii) reviewing
and filing marketing and sales literature on behalf of the funds. 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 28 of the Investor Class Prospectus and
page 23 of the Advisor Class Prospectus.
The funds' 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 28 of the Investor Class
Prospectus and page 23 of the Advisor Class Prospectus.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the funds 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 419200 [american century logo]
Kansas City, Missouri American
64141-6200 Century(reg.sm)
1-800-345-2021 or 816-531-5575
SH-SPL-11270 9801
