AMERICAN CENTURY WORLD MUTUAL FUNDS INC
497, 1999-02-26
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                   AMERICAN CENTURY WORLD MUTUAL FUNDS, INC.

                              PROSPECTUS SUPPLEMENT

                      Global Growth * International Growth
                  International Discovery * Emerging Markets
             Investor Class * Institutional Class * Advisor Class

                       SUPPLEMENT DATED FEBRUARY 26, 1999
                        Prospectus dated November 1, 1998

    The following  disclosure replaces the third footnote to the Transaction and
Operating Expense Table on page 4 of the Institutional Class Prospecutus:

(3)   Global  Growth  pays an  annual  management  fee of 1.10% of the  first $1
      billion of average net assets, 0.95% of the next $1 billion of average net
      assets,  and 0.85% of average net assets  over $2  billion;  International
      Growth pays an annual  management  fee of 1.30% of the first $1 billion of
      average  net  assets,  1.00% of the next $1 billion of average net assets,
      and 0.90% of average net assets over $2 billion;  International  Discovery
      pays an  annual  management  fee of 1.55% of the  first  $500  million  of
      average net assets, 1.20% of the next $500 million average net assets, and
      1.00% of average net assets over $1 billion;  and Emerging Markets pays an
      annual  management  fee of 1.80% of the first $500  million of average net
      assets, 1.30% of the next $500 million of average net assets, and 1.05% of
      average net assets over $1 billion.

The  disclosure  set forth  below  should be  inserted as the seventh and eighth
paragraphs under the heading "Investment  Management" on page 27 of the Investor
Class Prospectus,  page 28 of the Institutional  Class Prospectus and page 24 of
the Advisor Class Prospectus:

    BRADLEY AMOILS,  Portfolio Manager,  joined American Century in July 1997 as
an Investment  Analyst and was promoted to Portfolio  Manager in November  1998.
Prior to joining American Century, Mr. Amoils served as a Securities Analyst for
Oppenheimer  Funds from  January 1996 to June 1997 and an Analyst at Clay Finlay
Asset  Management  from March 1995 to December  1995. He is a member of the team
that manages Global Growth.

    BRIAN BRADY,  Portfolio Manager,  joined American Century in June 1994 as an
Investment Analyst and was promoted to Portfolio Manager in November 1998. Prior
to joining American  Century,  Mr. Brady served as a Financial Analyst for Chase
Manhattan Bank. He is a member of the team that manages International Discovery.

                                                                 P.O. Box 419200
                                                           Kansas City, Missouri
                                                                      64141-6200
                                                  1-800-345-2021 or 816-531-5575

                                                         [american century logo]
                                                                        American
                                                                         Century
SH-SPL-15957   9902


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