ADDENDUM TO MANAGEMENT AGREEMENT
This Addendum, dated as of June 18, 2001, supplements the Management
Agreement, dated as of November 16, 1998, as amended pursuant to an Addendum to
Management Agreement, dated as of December 1, 2000 (the "Agreement"), by and
between American Century Variable Portfolios, Inc., ("ACVP") and American
Century Investment Management, Inc. ("ACIM").
WHEREAS, the Board of Directors of ACVP adopted a Multiple Class Plan
that provides for the issuance of a new class of shares (the "Class II Shares");
IN CONSIDERATION of the mutual promises and conditions herein
contained, the parties agree as follows (all capitalized terms used herein and
not otherwise defined having the meaning given them in the Agreement):
1. ACIM shall manage the following ACVP funds issuing Class II Shares
in accordance with the terms and conditions specified in the Agreement, and for
such management ACIM shall receive the Applicable Fee set forth below:
Name of Fund/Series Name of Class Applicable Fee
VP Ultra Class II 0.90% on first $20 billion
0.85% thereafter
VP Value Class II 0.90% on first $500 million
0.85% on next $500 million
0.80% thereafter
VP International Class II 1.40% on first $250 million
1.10% on next $250 million
1.00% thereafter
VP Income & Growth Class II 0.70%
IN WITNESS WHEREOF, the parties have caused this Addendum to the
Management Agreement to be executed by their respective duly authorized officers
as of the day and year first above written.
Attest: AMERICAN CENTURY
VARIABLE PORTFOLIOS, INC.
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Vice President Senior Vice President
Attest: AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
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Xxxxxxx X. Xxxxxxxxxxx Xxxxx X. Xxxxxx
Assistant Secretary Senior Vice President
