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Two American Century Funds Swap Managers

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Oct. 3, 2002 — American Century Management Inc. has reassigned portfolio managers on two of its biggest mutual funds and has given two other fund managers added duties.

John Sykora, who had been helping to run the $18.7-billion American Century Ultra/Inv (TWCUX), was named lead manager of the $3.5-billion American Century Select/Inv (TWCIX). Money manager Wade Slome has moved to Ultra from Select.

The company also named Philip Davidson chief investment officer for its value-oriented stock funds, and appointed John Schniedwind CIO of its quantitative stock funds.

American Century moved Sykora and Slome because it “felt like it was a more effective allocation of some veteran investment experience,” said company spokeswoman Lauri Kouri.

Slome was promoted to portfolio manager this year, but had been an analyst on Ultra for the past four years, the company said. Sykora had helped pilot American Century Growth/Inv (TWCGX) before becoming co-manager of Ultra in 1997.

Sykora joined Tim Reynolds on the Select fund. James Stowers III, Bruce Wemberly and Jerry Sullivan are the other managers of the Ultra fund.

In their new positions, Davidson oversees teams that manage about $6 billion in assets, while Schniedwind heads a group that manages about $8 billion. Davidson is also co-manager of American Century Equity Income/Inv (TWEIX) and American Century Value/Inv (TWVLX). Schniedwind also is co-manager of American Century Income & Growth/Inv (BIGRX).