LIVESTRONG^TM Portfolios from American Century Investments
Fund Series Helps Investors Take Control of Finances While Supporting the Lance Armstrong Foundation

KANSAS CITY, Mo. - May 15, 2006 - American Century Investments today introduced a series of asset allocation funds that provide investors with a convenient way to take control of their finances, while supporting the mission of the Lance Armstrong Foundation (LAF) to inspire and empower people affected by cancer. Called LIVESTRONG^TM Portfolios from American Century Investments, the funds are designed to offer a comprehensive investment solution based on a specific time horizon or goal. 

The management company of American Century will financially support the LAF, and investors in LIVESTRONG Portfolios can influence that support.  Every dollar invested in LIVESTRONG Portfolios will help determine the amount American Century's management company will pay to the LAF above a guaranteed amount.

"Our primary goal is to design a well-balanced investment solution offering investors the opportunity to set investment goals and stay on course to achieve them," said Jeffrey Tyler, American Century senior vice president and senior portfolio manager of the funds.  "It's especially gratifying to support the Lance Armstrong Foundation and have a direct impact on cancer survivors."

In addition to Tyler, an investment professional at American Century for the past 19 years, the portfolio management team for LIVESTRONG Portfolios includes Irina Torelli, who joined the company in 1997.  Tyler and Torelli also oversee American Century's other asset allocation funds: three Strategic Allocation funds, the five One Choice Portfolios and multiple target-date portfolios available through the Kansas Learning Quest 529 Education Savings Program. 

LIVESTRONG^TM  Portfolio 2015, 2025, 2035 and 2045 are target-date funds designed to reallocate from a capital appreciation focus to a more conservative focus as the target date approaches. A fifth fund - LIVESTRONG Income Portfolio - is for retirement investors seeking current income with some growth potential.  It is expected to have a fixed asset mix over time.

The underlying American Century funds used in LIVESTRONG Portfolios represent various asset classes, styles and capitalization ranges.  The allocation mix for the five portfolios invests in up to 14 different funds and provides exposure to specialty strategies such as real estate, emerging markets, international bonds and inflation-indexed bonds.

American Century created LIVESTRONG Portfolios by enhancing its existing My Retirement Portfolios, a series of asset allocation funds first launched in August 2004.  While the modified funds have the same fee structure and investment strategy as My Retirement Portfolios, the underlying funds in LIVESTRONG Portfolios will not invest in tobacco companies as part of American Century's commitment to the LAF and the fight against cancer.

Total expenses for LIVESTRONG Portfolios vary by portfolio and are comparable to the cost investors would bear if they constructed a portfolio of the underlying funds themselves. Also, the funds have a multiple share class structure including Investor, Institutional, R and Advisor Class shares.  For example, below are estimated expenses for the Investor Class:

The standard fund minimum is $2,500, although for a traditional or Roth IRA, American Century will waive the fund minimum for an initial investment of at least $500 and subsequent enlistment in automatic monthly investments of at least $100 until reaching the fund minimum.

About the Lance Armstrong Foundation
The Lance Armstrong Foundation (LAF) inspires and empowers people affected by cancer. The LAF helps people with cancer focus on living; they believe unity is strength, knowledge is power and attitude is everything. From the moment of diagnosis, the LAF provides the practical information and tools people with cancer need to live life on their own terms. The LAF serves its mission through advocacy, public health and research. Founded in 1997 by cancer survivor and champion cyclist Lance Armstrong, the LAF is located in Austin, Texas.  For more information visit www.livestrong.org.

About American Century's Collaboration with Lance Armstrong
In February 2006, American Century Investments announced it had entered into a multi-year collaboration with cancer survivor and cyclist Lance Armstrong to encourage investors to take a more active role in planning their financial futures.  Like Armstrong, American Century founder James Stowers Jr. is a cancer survivor.  Both men have made a substantial commitment to improve the quality of life of those affected by cancer - Armstrong through the work of the LAF and Stowers through the creation of the Stowers Institute for Medical Research, a world-class biomedical research facility based in Kansas City, Mo.  Founded in 1994 by Stowers and his wife Virginia, the Institute conducts basic research aimed at finding answers to some of the most important questions of human biology, health and disease.

About American Century Investments
American Century Investments is a leading investment manager with nearly 50 years of experience helping investors achieve their financial goals.  Serving financial professionals, institutions, corporations and 1.2 million individual investors, American Century offers a broad array of products across a variety of investment disciplines.

Based in Kansas City, Mo., the company manages more than $100 billion in assets through mutual funds, separate accounts, commingled trusts, sub-advisory accounts and institutional products.  James E. Stowers Jr. founded the company in 1958. 

His son, James E. Stowers III, is chairman and William M. Lyons is president and chief executive officer.  For the past seven years, American Century, which employs 1,900 people, has been selected as one of FORTUNE Magazine's 100 Best Companies to Work for in America.  For more information, visit www.americancentury.com or www.livestrongportfolios.com.