AMERICAN CENTURY INTERNATIONAL BOND FUNDS
497, 1998-01-14
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                   AMERICAN CENTURY INTERNATIONAL BOND FUNDS


                                  SUPPLEMENT TO
                               International Bond
                         Investor Class o Advisor Class

                        SUPPLEMENT DATED JANUARY 15, 1998
                        Prospectus dated October 1, 1997

The following  disclosure is added on page 18 of the Investor  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  22 of the  Investor  Class
Prospectus and page 17 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 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 22 of the Investor  Class  Prospectus and
page 17 of the Advisor Class 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  22 of  the  Investor  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 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 419200                                        [american century logo]
Kansas City, Missouri                                          American
64141-6200                                                  Century(reg.sm)
1-800-345-2021 or 816-531-5575

SH-SPL-11272 9801


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