ASSIGNMENT AND ASSUMPTION AGREEMENT
This Agreement (hereinafter referred to as the "Assignment") is made effective as of 12:04 a.m. eastern standard
time on January 1, 2005, by and between American Century Investment Management, Inc., a Delaware corporation
(ACIM) and American Century Global Investment Management, Inc., a Delaware corporation (ACGIM), and American
Century Variable Portfolios, Inc., a Maryland corporation (Corporation).
WHEREAS, ACIM entered into that certain Management Agreement, dated as of August 1, 2004 (the Management
Agreement), with the Corporation that designates ACIM as the investment manager for each class of each series of
shares of the Corporation as of the date thereof, and each class of each subsequent series of shares of the
Corporation that the Corporation selects ACIM to manage;
WHEREAS, ACIM recently formed ACGIM as a wholly owned subsidiary of ACIM as part of a corporate restructuring,
and now the parties hereto desire to assign the Management Agreement, as it relates to the investment management
of each class of that series of shares issued by the Corporation that is known as American Century VP
International Fund and American Century VP Global Growth Fund (the Funds), to ACGIM;
WHEREAS, the assignment of the Management Agreement by ACIM to ACGIM pursuant to this Assignment will not result
in (a) a change of actual control or management of the investment adviser to the Funds, (b) a material change in
the nature or the level of actual investment advisory and administrative services provided to the Funds, (c) a
change in the investment management personnel who manage the Funds, and, therefore, is not an assignment for
purposes of section 15(a)(4) of the Investment Company Act of 1940;
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements herein contained, the parties to this
Assignment agree as follows:
1. Effective January 1, 2005, ACGIM hereby assumes all the rights, obligations, responsibilities, and
liabilities of ACIM under the Management Agreement that relate to the management of the Funds.
2. Effective January 1, 2005, ACIM is hereby released from all of its obligations, responsibilities, and
liabilities under the Management Agreement that relate to the management of the Funds.
3. Effective January 1, 2005, the Management Agreement, as it relates to the Funds, shall have the same
force and effect as if such agreement were executed by ACGIM.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be executed by their respective duly
authorized officers as of the effective date above-written.
American Century Investment Management, Inc.
By: /s/Xxx X. Xxxxxx
Xxx X. Xxxxxx
Title: Vice President
American Century Global Investment Management, Inc.
By: /s/Xxx X. Xxxxxx
Xxx X. Xxxxxx
Title: Vice President
American Century Variable Portfolios, Inc.
By: /s/Xxxxxxxx Xxxxxx
Xxxxxxxx Xxxxxx
Title: Senior Vice President
