Notes to Financial Statements
JUNE 30, 2000 (UNAUDITED)
1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION -- American Century International Bond Funds (the trust) is registered under the Investment
Company Act of 1940 (the 1940 Act) as an open-end management investment company. International Bond
Fund (the fund) is the sole fund issued by the trust. The fund is non-diversified under the 1940 Act. The fund's
investment objective is to provide high current income and capital appreciation by investing in high-quality,
nondollar-denominated government and corporate debt securities issued outside the United States. The following
significant accounting policies are in accordance with generally accepted accounting principles; these policies may
require the use of estimates by fund management.
MULTIPLE CLASS -- The fund is authorized to issue two classes of shares: the Investor Class and Advisor
Class. The two classes of shares differ principally in their respective shareholder servicing and distribution
expenses and arrangements. All shares of the fund represent an equal pro rata interest in the assets of the class to
which such shares belong, and have identical voting, dividend, liquidation and other rights and the same terms and
conditions, except for class specific expenses and exclusive rights to vote on matters affecting only individual
SECURITY VALUATIONS -- Portfolio securities traded primarily on a principal securities exchange are valued
at the last reported sales price, or at the mean of the latest bid and asked prices where no last sales price is
available. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices or, in the
case of certain foreign securities, at the last reported sales price, depending on local convention or regulation.
When valuations are not readily available, securities are valued at fair value as determined in accordance with
procedures adopted by the Board of Trustees.