AMENDMENT NO. 1 TO
MANAGEMENT AGREEMENT (ADVISOR CLASS)
THIS AMENDMENT NO. 1 TO MANAGEMENT AGREEMENT (ADVISOR CLASS) is made as
of the 16th day of September, 2000, by and between each of the registered
investment companies that have executed this Amendment below (the "Companies")
and American Century Investment Management, Inc., a Delaware corporation (the
"Investment Manager"). Capitalized terms not otherwise defined herein shall have
the meaning ascribed to them in the Management Agreement (defined below).
WHEREAS, the Companies and the Investment Manager are parties to a
certain Management Agreement (Advisor Class) dated August 1, 1997 ("Agreement");
and
WHEREAS, American Century Target Maturities Trust has added a new
series, Target 2030 Fund; and
WHEREAS, the parties desire to amend the Agreement to add the Target
2030 Fund;
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. Exhibits A, B, C and D to the Agreement are hereby amended by
deleting the text thereof in their entirety and inserting in lieu
therefor the Exhibits A, B, C and D attached hereto.
2. After the date hereof, all references to the Agreement shall be
deemed to mean the Agreement as amended by this Amendment No. 1.
3. In the event of a conflict between the terms of this Amendment and
the Agreement, it is the intention of the parties that the terms of
this Amendment shall control and the Agreement shall be interpreted on
that basis. To the extent the provisions of the Agreement have not been
amended by this Amendment, the parties hereby confirm and ratify the
Agreement.
4. Except as expressly supplemented, amended or consented to hereby,
all of the representations, warranties, terms, covenants and conditions
of the Agreement shall remain unamended and shall continue to be in
full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by their respective duly authorized officers as of the day and year
first above written.
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY MUNICIPAL TRUST
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY TARGET MATURITIES TRUST
By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President of each
Attest: /s/ Xxxxx X. Xxxx
Name: Xxxxx X. Xxxx
Title: Assistant Secretary of each
AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
By: /s/ Xxxxxxx X. Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
Attest: /s/ Xxxxxxx X. Xxxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Assistant Secretary
Exhibit A
Registered Investment Companies Subject to Management Agreement
Registered Investment Company and Funds Date
--------------------------------------- ----
American Century Government Income Trust
GNMA Fund August 1, 1997
Government Agency Money Market Fund August 1, 1997
Intermediate-Term Treasury Fund August 1, 1997
Long-Term Treasury Fund August 1, 1997
Short-Term Government Fund August 1, 1997
Short-Term Treasury Fund August 1, 1997
American Century International Bond Funds
International Bond Fund August 1, 1997
American Century Investment Trust
Prime Money Market Fund June 1, 1998
American Century Quantitative Equity Funds
Equity Growth Fund August 1, 1997
Global Gold Fund August 1, 1997
Global Natural Resources Fund August 1, 1997
Income & Growth Fund August 1, 1997
Small Cap Quantitative Fund July 1, 1998
Utilities Fund August 1, 1997
American Century Target Maturities Trust
Target 2000 Fund August 1, 1997
Target 2005 Fund August 1, 1997
Target 2010 Fund August 1, 1997
Target 2015 Fund August 1, 1997
Target 2020 Fund August 1, 1997
Target 2025 Fund August 1, 1997
Target 2030 Fund September 16, 2000
Dated: September 16, 2000
Exhibit B
Series Investment Categories
Investment Category Series
------------------- ------
Money Market Funds Government Agency Money Market Fund
Prime Money Market Fund
Bond Funds GNMA Fund
Intermediate-Term Treasury Fund
International Bond Fund Long-Term Treasury
Fund Short-Term Government Fund Short-Term
Treasury Fund Target 2000 Fund Target 2005
Fund Target 2010 Fund Target 2015 Fund
Target 2020 Fund Target 2025 Fund Target
2030 Fund
Equity Funds Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Small Cap Quantitative Fund
Utilities Fund
Dated: September 16, 2000
Exhibit C
Investment Category Fee Schedules: Money Market Funds
Schedule 1 Funds:
Government Agency Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2500%
Next $1 billion 0.2070%
Next $3 billion 0.1660%
Next $5 billion 0.1490%
Next $15 billion 0.1380%
Next $25 billion 0.1375%
Thereafter 0.1370%
Schedule 2 Funds:
None
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2700%
Next $1 billion 0.2270%
Next $3 billion 0.1860%
Next $5 billion 0.1690%
Next $15 billion 0.1580%
Next $25 billion 0.1575%
Thereafter 0.1570%
Schedule 3 Funds:
Prime Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3700%
Next $1 billion 0.3270%
Next $3 billion 0.2860%
Next $5 billion 0.2690%
Next $15 billion 0.2580%
Next $25 billion 0.2575%
Thereafter 0.2570%
Category Fee Schedules: Bond Funds
Schedule 1 Funds:
Short-Term Treasury Fund
Intermediate-Term Treasury Fund
Long-Term Treasury Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2800%
Next $1 billion 0.2280%
Next $3 billion 0.1980%
Next $5 billion 0.1780%
Next $15 billion 0.1650%
Next $25 billion 0.1630%
Thereafter 0.1625%
Schedule 2 Funds:
None
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3100%
Next $1 billion 0.2580%
Next $3 billion 0.2280%
Next $5 billion 0.2080%
Next $15 billion 0.1950%
Next $25 billion 0.1930%
Thereafter 0.1925%
Category Fee Schedules: Bond Funds
(continued)
Schedule 3 Funds:
GNMA Fund
Short-Term Government Fund
Target 2000 Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3600%
Next $1 billion 0.3080%
Next $3 billion 0.2780%
Next $5 billion 0.2580%
Next $15 billion 0.2450%
Next $25 billion 0.2430%
Thereafter 0.2425%
Schedule 4 Funds:
International Bond Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6100%
Next $1 billion 0.5580%
Next $3 billion 0.5280%
Next $5 billion 0.5080%
Next $15 billion 0.4950%
Next $25 billion 0.4930%
Thereafter 0.4925%
Category Fee Schedules: Bond Funds (continued)
Schedule 5 Funds:
None
Category Assets Fee Rate
--------------- --------
First $1 billion 0.4100%
Next $1 billion 0.3580%
Next $3 billion 0.3280%
Next $5 billion 0.3080%
Next $15 billion 0.2950%
Next $25 billion 0.2930%
Thereafter 0.2925%
Category Fee Schedules: Equity Funds
Schedule 1 Funds:
Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Utilities Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.5200%
Next $5 billion 0.4600%
Next $15 billion 0.4160%
Next $25 billion 0.3690%
Next $50 billion 0.3420%
Next $150 billion 0.3390%
Thereafter 0.3380%
Schedule 2 Funds:
Small Cap Quantitative Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.7200%
Next $5 billion 0.6600%
Next $15 billion 0.6160%
Next $25 billion 0.5690%
Next $50 billion 0.5420%
Next $150 billion 0.5390%
Thereafter 0.5380%
Dated: September 16, 2000
Exhibit D
Complex Fee Schedule
Complex Assets Fee Rate
-------------- --------
First $2.5 billion 0.0600%
Next $7.5 billion 0.0500%
Next $15.0 billion 0.0485%
Next $25.0 billion 0.0470%
Next $50.0 billion 0.0460%
Next $100.0 billion 0.0450%
Next $100.0 billion 0.0440%
Next $200.0 billion 0.0430%
Next $250.0 billion 0.0420%
Next $500.0 billion 0.0410%
Thereafter 0.0400%
Dated: September 16, 2000
