American Century has named replacements for two portfolio managers who have defected to Putnam Investments. Gregory Woodhams, Prescott LeGard, Joe Reiland, and Justin Brown will now manage the American Century Fundamental Equity Fund. They take over from Jerry Sullivan and Robert Brookby.

All four are company veterans with portfolio management responsibilities on various large-cap portfolios.

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Company Press Release

KANSAS CITY, Mo., June 13, 2008 - American Century Investments announces that effective today, portfolio management responsibilities for the American Century® Fundamental Equity Fund (AFDAX) will move to veteran portfolio managers Gregory Woodhams, CFA, Prescott LeGard, CFA, Joe Reiland, CFA, and Justin Brown, CFA. Jerry Sullivan and Robert Brookby, who previously served as co-portfolio managers, are leaving the company to pursue opportunities with another asset management firm. While no longer on the fund management team, Brookby will stay with the company through early September to assist with the management transition.

Woodhams, LeGard, Reiland and Brown have more than 70 years of combined portfolio management experience. In addition to Fundamental Equity, each has portfolio management responsibilities on various large-cap portfolios.

Woodhams, vice president and senior portfolio manager, has worked in the financial industry since 1981 and joined American Century Investments in 1997. Previously, he was vice president and director of equity research at Texas Commerce Bank. Woodhams holds a bachelor's degree in economics from Rice University and a master's degree in economics from the University of Wisconsin at Madison. He is a CFA charterholder.

LeGard, vice president and portfolio manager, has worked in the financial industry since 1991. He joined the company in 1999 as an analyst and was promoted to portfolio manager in 2000. Before joining the firm, he was an equity analyst for USAA Investment Management where he analyzed technology companies. LeGard holds a bachelor's degree in economics from DePauw University and is a CFA charterholder.

Reiland, portfolio manager, has worked in the financial industry since 1995. He joined the company in 2000 as an analyst and was promoted to portfolio manager in 2005. Prior to joining the company, he was an equity analyst for Commerce Bank. Reiland received a bachelor's of science degree in business administration from Washington University and is a CFA charterholder.

Brown, portfolio manager, joined the company in 2000 as an analyst and was promoted to portfolio manager in 2006. He has worked in the financial industry since 1993. Prior to joining the firm, he was an equity analyst for USAA Investment Management. Brown received a bachelor's of arts degree in business administration and finance from Texas Christian University.

About American Century Investments American Century Investments is a leading investment manager, committed to delivering superior investment performance and building long-term client relationships since 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a broad array of products across a variety of investment disciplines. With offices in New York, Mountain View, Calif. and Kansas City, Mo., the company manages approximately $98 billion1 in assets through mutual funds, institutional separate accounts, commingled trusts and subadvisory accounts. James E. Stowers Jr. founded the company and serves as co-chairman of the board. Jonathan S. Thomas is president and chief executive officer, and Enrique Chang is chief investment officer. For the past nine years, American Century Investments, which employs 1,600 employees, has been selected as one of FORTUNE Magazine's 100 Best Companies to Work for in America.  

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