<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXRACTED FROM THE SEMI-ANNUAL REPORT OF AMERICAN CENTURY
QUANTITATIVE EQUITY FUNDS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0000827060
<NAME> AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
<SERIES>
<NUMBER> 32
<NAME> EQUITY GROWTH FUND - INSTITUTIONAL CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 2,007,299,135
<INVESTMENTS-AT-VALUE> 2,511,885,010
<RECEIVABLES> 19,205,404
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,531,090,414
<PAYABLE-FOR-SECURITIES> 20,200,085
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,564,739
<TOTAL-LIABILITIES> 21,764,824
<SENIOR-EQUITY> 57,831
<PAID-IN-CAPITAL-COMMON> 1,864,286,935
<SHARES-COMMON-STOCK> 5,783,107
<SHARES-COMMON-PRIOR> 327,673
<ACCUMULATED-NII-CURRENT> (29,568)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 141,087,687
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 503,922,705
<NET-ASSETS> 2,509,325,590
<DIVIDEND-INCOME> 12,018,311
<INTEREST-INCOME> 2,172,500
<OTHER-INCOME> 0
<EXPENSES-NET> 8,154,520
<NET-INVESTMENT-INCOME> 6,036,291
<REALIZED-GAINS-CURRENT> 147,873,990
<APPREC-INCREASE-CURRENT> (163,834,189)
<NET-CHANGE-FROM-OPS> (9,923,908)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (385,867)
<DISTRIBUTIONS-OF-GAINS> (675,745)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,844,794
<NUMBER-OF-SHARES-REDEEMED> (429,839)
<SHARES-REINVESTED> 40,479
<NET-CHANGE-IN-ASSETS> 44,867,247
<ACCUMULATED-NII-PRIOR> 92,266
<ACCUMULATED-GAINS-PRIOR> 18,084,633
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,688,361
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,154,520
<AVERAGE-NET-ASSETS> 101,380,425
<PER-SHARE-NAV-BEGIN> 26.24
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> (0.14)
<PER-SHARE-DIVIDEND> (0.09)
<PER-SHARE-DISTRIBUTIONS> (0.27)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 25.83
<EXPENSE-RATIO> 0.47
</TABLE>
