American Century Investments has announced a reorganization plan that will result in it absorbing 10 of 11 funds in the Mason Street family.
   The plan, which has already been approved by the American Century Funds and Mason Street Funds boards of directors, will result in the 10 funds merging into new or existing American Century funds.
   It is still subject to the approval of Mason Street Funds shareholders.
Under the plan, the Mason Street Small Cap Growth, Aggressive Growth, Select Bond and High Yield Bond funds will be reorganized into co-branded American Century-Mason Street that will be advised by American Century and sub-advised by Mason Street Advisors.
   The Mason Street International Equity and Municipal Bond funds will be reorganized into newly created American Century Funds to be advised by American Century. Templeton Investment Counsel LLC will continue to sub-advise the International Fund.
   Mason Street's Index 500, Large Cap Core, Asset Allocation and Growth Stock Funds will be reorganized into existing American Century Funds and be advised by American Century.
   The six newly created American Century funds will be load products.
   Northwestern Mutual, the parent company of Mason Street Advisors, will relinquish retail fund sponsorship and administration responsibilities.
   A meeting to allow Mason Street shareholders to consider and vote on the reorganization will be held March 2006. If approved, the plan will be effective March 31.