-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PhhYnbYOmhr3ganMIsvR67HMpLo3m8aWHXm2zH4ibnEG9I3BSOSnjVt0Ao1+UF0L 8w1mCPYl4ZzcRZ1RaB5SIQ== 0000728889-08-002045.txt : 20081231 0000728889-08-002045.hdr.sgml : 20081231 20081231153625 ACCESSION NUMBER: 0000728889-08-002045 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081231 DATE AS OF CHANGE: 20081231 EFFECTIVENESS DATE: 20081231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTENNIAL TAX EXEMPT TRUST CENTRAL INDEX KEY: 0000319880 IRS NUMBER: 222328954 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-69653 FILM NUMBER: 081278879 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: 34TH FLOOR CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: CENTENNIAL TAX EXEMPT TRUST /CO/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DAILY CASH TAX EXEMPT FUND INC DATE OF NAME CHANGE: 19851009 FORMER COMPANY: FORMER CONFORMED NAME: CENTENNIAL TAX EXEMPT CASH FUND INC DATE OF NAME CHANGE: 19820720 0000319880 S000008466 CENTENNIAL TAX EXEMPT TRUST C000023200 A 497 1 supplementctet.htm PROSPECTUS SUPPLEMENT

Centennial Tax Exempt Trust
Supplement dated December 31, 2008 to the
Prospectus dated October 24, 2008

This supplement amends the Prospectus of Centennial Tax Exempt Trust (the “Trust”) dated October 24, 2008 and is in addition to the supplement dated December 10, 2008.

1.     In the section titled “Fees and Expenses of the Trust” on page 7, the following is added to the end of the first paragraph under the “Annual Trust Operating Expenses”:

The Manager has voluntarily undertaken to waive fees to the extent necessary to assist the Trust in attempting to maintain a positive yield. There is no guarantee that the Trust will maintain a positive yield. That undertaking may be amended or withdrawn at any time.

2.     In the section titled “How the Trusts are Managed – Advisory Fees,” on page 13, the following is added to the end of the second paragraph:

The Manager has voluntarily undertaken to waive fees to the extent necessary to assist the Trusts in attempting to maintain a positive yield. There is no guarantee that the Trusts will maintain a positive yield. That undertaking may be amended or withdrawn at any time.
 

3.     Effective as of January 1, 2009, the Board of Trustees of Centennial Tax Exempt Trust has set the rate for the Service (12b-1) Fees at the rate of zero.

December 31, 2008                                                                                                     PS0160.019

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