SUB-ITEM 77I
TERMS OF NEW OR AMENDED SECURITIES

(a)      N/A
(b)      Fundamental Equity Fund, a new series of the Registrant, began offering A Class, B Class and C Class shares
during the period. The following describes all classes of the funds issued by the Registrant, as called for by the
applicable registration statement items:

Each fund votes separately on matters affecting that fund exclusively. Voting rights are not cumulative, so that
investors holding more than 50% of the corporation's (all funds') outstanding shares may be able to elect a Board of
Directors. The corporation undertakes dollar-based voting, meaning that the number of votes a shareholder is entitled to
is based upon the dollar amount of the shareholder's investment. The election of directors is determined by the votes
received from all the corporation shareholders without regard to whether a majority of shares of any one fund voted in
favor of a particular nominee or all nominees as a group.

The assets belonging to each series or class of shares are held separately by the custodian and the shares of each
series or class represent a beneficial interest in the principal, earnings and profit (or losses) of investments and
other assets held for each series or class. Within their respective series or class, all shares have equal redemption
rights. Each share, when issued, is fully paid and non-assessable.

In the event of complete liquidation or dissolution of the funds, shareholders of each series or class of shares will be
entitled to receive, pro rata, all of the assets less the liabilities of that series or class.

Each shareholder has rights to dividends and distributions declared by the fund he or she owns and to the net assets of
such fund upon its liquidation or dissolution proportionate to his or her share ownership in the fund.

The assets belonging to each fund or class of shares are held separately by the custodian and the shares of each fund or
class represent a beneficial interest in the principal, earnings and profit (or losses) of investments and other assets
held for each fund or class. Within their respective fund or class, all shares have equal redemption rights. Each share,
when issued, is fully paid and non-assessable.

Each shareholder has rights to dividends and distributions declared by the fund he or she owns and to the net assets of
such fund upon its liquidation or dissolution proportionate to his or her share ownership interest in the fund. Shares
of each fund have equal voting rights, although each fund votes separately on matters affecting that fund exclusively.



A Class shares are sold at their offering price, which is net asset value plus an initial sales charge. This sales
charge varies depending on the amount of a shareholder's investment, and is deducted from a shareholder's purchase
before it is invested. A Class shares are intended for purchase by participants in employer-sponsored retirement or
savings plans and for persons purchasing shares through investment advisors, broker-dealers, banks, insurance companies
and other financial intermediaries that provide various administrative and distribution services.

A shareholder may qualify for a reduction or waiver of certain sales charges, but must provide information to American
Century at the time shares are purchased in order to take advantage of a reduction or waiver.

A shareholder and his immediate family (spouse and children under the age of 21) may combine investments to reduce A
Class sales charges in the following ways:

ACCOUNT AGGREGATION. Investments made by a shareholder and his immediate family may be aggregated if made for his own
account(s) and/or certain other accounts, such as:
o    Certain trust accounts
o    Solely controlled business accounts
o    Single-participant retirement plans
o    Endowments or foundations established and controlled by the shareholder or an immediate family member

CONCURRENT PURCHASES. A shareholder may combine simultaneous purchases in A, B or C Class shares of any two or more
American Century Advisor Funds (funds that offer A,B and C Class shares) to qualify for a reduced A Class sales charge.

RIGHTS OF ACCUMULATION. A shareholder may take into account the current value of his existing holdings in A, B or C
Class shares of any American Century Advisor Fund to determine his A Class sales charge.

LETTER OF INTENT. A Letter of Intent allows a shareholder to combine all non-money market fund purchases of all A, B and
C Class shares he intends to purchase over a 13-month period to determine the applicable sales charge. At a
shareholder's request, purchases made during the previous 90 days may be included; however, capital appreciation, capital
gains and reinvested dividends do not apply toward these combined purchases. A portion of a shareholder's account will
be held in escrow to cover additional A Class sales charges that will be due if his total investments over the 13-month
period do not qualify for the applicable sales charge reduction.

WAIVER FOR CERTAIN INVESTORS. The sales charge on A Class shares may be waived for:
o    Purchases by registered representatives and other employees of certain financial intermediaries (and their
     immediate family members) who have selling agreements for American Century funds
o    Wrap accounts maintained for clients of certain financial intermediaries who have entered into agreements with
     American Century
o    Present or former officers, directors and employees (and their families) of American Century
o    Qualified retirement plan purchases
o    IRA Rollovers from any American Century Advisor Fund held in a qualified retirement plan
o    Certain other investors as deemed appropriate by American Century

B Class shares are sold at their net asset value without an initial sales charge. However, if a shareholder redeems
shares within six years of their purchase, he will pay a contingent deferred sales charge (CDSC) the amount of which is
contingent upon the length of time the shares have been held. There is no CDSC on shares acquired through reinvestment
of dividends or capital gains. B Class shares automatically convert to A Class shares in the month of the eight-year
anniversary of the purchase date.

C Class shares are sold at their net asset value without an initial sales charge. However, if a shareholder sells his C
Class shares within 12 months of their purchase, he will pay a sales charge the amount of which is contingent upon the
length of time the shares have been held.

Any applicable CDSC may be waived in the following cases:
o    Redemptions through systematic withdrawal plans not exceeding annually:
     o   12% of the lesser of the original purchase cost or current market value for A Class shares
     o   12% of the original purchase cost for B Class shares
     o   12% of the lesser of the original purchase cost or current market value for C Class shares
o    Distributions from IRAs due to attainment of age 59 1/2 for A Class and C Class shares
o    Required minimum distributions from retirement accounts upon reaching age 70 1/2
o    Tax-free returns of excess contributions to IRAs
o    Redemptions due to death or post-purchase disability
o    Exchanges, unless the shares acquired by exchange are redeemed within the original CDSC period
o    IRA rollovers from any American Century Advisor Fund held in a qualified retirement plan, for A Class shares only
o    If no broker was compensated for the sale

The A Class, B Class and C Class each have a 12b-1 plan. The plans provide for the funds to pay annual fees of 0.25% for
A Class and 1.00% for B Class and C Class to the distributor. The distributor may use these fees to pay for certain
ongoing shareholder an administrative services and for distribution services including past distribution services. The
distributor pays all or a portion of such fees to the investment advisors, banks, broker-dealers and insurance companies
that make the classes available. Because these fees are used to pay for services that are not related to prospective
sales of the funds, each class will continue to make payments under its Plan even if it is closed to new investors.

Redemption proceeds are calculated using the net asset value (NAV) next determined after a transaction request is
received in good order. However, American Century reserves the right to delay delivery of redemption proceeds up to
seven days. For example, each time an investment is made with American Century, there is a seven-day holding period
before redemption proceeds from those shares will be released, unless satisfactory proof is provided that the purchase
funds have cleared. For funds with CheckWriting privileges, American Century will not honor checks written against
shares subject to this seven-day holding period. Investments by wire generally require only a one-day holding period. If
a shareholder changes his address, American Century may require that any redemption request made within 15 days be
submitted in writing and be signed by all authorized signers with their signatures guaranteed. If a shareholder changes
his bank information, American Century may impose a 15-day holding period before proceeds are transferred or wired to
the shareholder's bank.

In addition, American Century reserves the right to honor certain redemptions with securities rather than cash.

If, during any 90-day period, fund shares worth more than $250,000 (or 1% of the value of the fund's assets if that
amount is less than $250,000) are redeemed, American Century reserves the right to pay part or all of the redemption
proceeds in excess of this amount in readily marketable securities instead of in cash. The fund managers would select
these securities from the fund's portfolio. A payment in securities can help the fund's remaining shareholders avoid tax
liabilities that they might otherwise have incurred had the fund sold securities prematurely to pay the entire
redemption amount in cash.

American Century will value these securities in the same manner as used in computing the fund's net asset value.
American Century may provide these securities in lieu of cash without prior notice. Also, if payment is made in
securities, brokerage or other transaction costs may be incurred to convert the securities to cash.

If a shareholder's redemption would exceed this limit and he would like to avoid being paid in securities, he must
provide American Century with an unconditional instruction to redeem at least 15 days prior to the date on which the
redemptions transaction is to occur. The instruction must specify the dollar amount or number of shares to be redeemed
and the date of the transaction. This minimizes the effect of the redemption on the fund and its remaining investors.

If an account balance falls below the minimum initial investment amount for any reason other than as a result of market
fluctuation, American Century will notify the account holder and allow 90 days to meet the minimum. If the deadline is
not met, American Century reserves the right to redeem the shares in the account and send the proceeds to the account
holder's address of record. A, B or C Class shares may be subject to a sales charge as a result of the redemption. A
shareholder may also incur tax liability if shares are redeemed in this manner.

American Century may require a signature guarantee for the following transactions:
o    A shareholder's redemption or distribution check, Check-A-Month or automatic redemption is made payable to someone
     other than the account owners
o    A shareholder's redemption proceeds or distribution amount is sent by wire or EFT to a destination other than his
     personal bank account
o    A shareholder is transferring ownership of an account over $100,000
American Century reserves the right to require a signature guarantee for other transactions.

A shareholder may exchange shares of a fund for shares of the same class of another American Century Advisor Fund
without a sales charge if he meets the following criteria:

o    The exchange is for a minimum of $100
o    For an exchange that opens a new account, the amount of the exchange meets or exceeds the minimum account size
     requirement for the fund receiving the exchange.

For purposes of computing any applicable CDSC on shares that have been exchanged, the holding period will begin as of
the date of purchase of the original fund owned. Exchanges from a money market fund are subject to a sales charge on the
fund being purchased, unless the money market fund shares were acquired by exchange from a fund with a sales charge or
by reinvestment of dividends or capital gains distributions.

Within 90 days of a redemption of any A or B Class shares, a shareholder may reinvest all of the redemption proceeds in
A Class shares of any American Century Advisor Fund at the then-current net asset value without paying an initial sales
charge. Any CDSC the shareholder paid on an A Class redemption that he is reinvesting will be credited to his account.
The shareholder or his financial advisor must notify the fund's transfer agent in writing at the time of the
reinvestment to take advantage of this privilege, and it may be used only once.