[Investment Company Act Release No. 31328; File No. 812-14329] HEADAmerican Century Capital Portfolios, Inc. and American Century Investment Management, Inc.; Notice of Application

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Summary of Application: Applicants request an order that would permit them to enter into and materially amend subadvisory agreements with Wholly-Owned Sub-Advisors (as defined below) and non-affiliated sub-advisors without shareholder approval and would grant relief from certain disclosure requirements. Applicants: American Century Capital Portfolios, Inc. ("Trust") and American Century Investment Management, Inc. ("Advisor").