AMERICAN CENTURY INTERNATIONAL BOND FUNDS
497, 1999-10-27
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AMERICAN CENTURY INTERNATIONAL BOND

PROSPECTUS SUPPLEMENT

INTERNATIONAL BOND

Supplement dated October 27, 1999 * Prospectus dated May 1, 1999

The following should replace the third paragraph under "How does the fund pursue
its investment objective?" on  page 5 of the Investor Class Prospectus and page
5 of the Advisor Class Prospectus.

Normally, the fund will only purchase bonds denominated in foreign currencies.

The section entitled "Inflation Risk" on page 8 of the Investor Class Prospectus
and page 8 of the Advisor Class Prospectus should be deleted.

SH-SPL-18621   9910


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