In this paper, we consider periodic solutions of the functional-differential equation 
x″ + 
x(
t−kx) = 0. The structure of the set 
Ak (
k ∈ (0, ∞)) of all its nontrivial periodic solutions 
x satisfying 
x′ < 1/
k on 
R is described. It is proved that for each 
k ∈ (0, ∞) and 
T* ∈ (2π, ∞), there exists 
x ∈ 
Ak having the period 
T* and for each 
k ∈ (0, ∞) and 
a ∈ (0,1/
k), there exists a unique 
x ∈ 
Ak such that 
x(0) = 0 and 
x′(0) = 
a.
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