-----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, WPmXJXqRE/vH5cP8N5h/NBrRch70HumhNJ3WQ4MzHYERAkKZyHg3g1YPbg+Py0+4 N+ZU+yw3e2UREccgt3ARkA== 0000717316-01-500015.txt : 20010810 0000717316-01-500015.hdr.sgml : 20010810 ACCESSION NUMBER: 0000717316-01-500015 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY CALIFORNIA TAX FREE & MUNICIPAL FUNDS CENTRAL INDEX KEY: 0000717316 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 946562826 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-82734 FILM NUMBER: 1701611 BUSINESS ADDRESS: STREET 1: 1665 CHARLESTON RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 8003218321 MAIL ADDRESS: STREET 1: 1665 CHARLESTON RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 FORMER COMPANY: FORMER CONFORMED NAME: BENHAM CALIFORNIA TAX FREE & MUNICIPAL FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BENHAM CALIFORNIA TAX FREE TRUST DATE OF NAME CHANGE: 19910218 FORMER COMPANY: FORMER CONFORMED NAME: BENHAM CALIFORNIA TAX FREE TRUST / DATE OF NAME CHANGE: 19960815 497 1 supp.htm PROSPECTUS SUPPLEMENT supplement 
American Century California Tax-Free and Municipal Funds

Prospectus Supplement

CALIFORNIA HIGH-YIELD MUNICIPAL FUND

Supplement dated August 10, 2001 * Prospectus dated January 1, 2001
Prospectus dated May 1, 2001 (C Class)

SPECIAL MEETING OF SHAREHOLDERS

The Board of Trustees has requested that the following matter be submitted to
shareholders of the fund for approval at a Special Meeting of Shareholders to
be held on November 16, 2001.

The record date for the meeting is August 10, 2001. If you own shares of the
fund as of the close of business on that date, you will be entitled to vote at
the Special Meeting. Proxy materials containing more information about this
proposal are expected to be sent to shareholders on or about August 22, 2001.
If approved by shareholders, the proposal will become effective on December 3,
2001.

Shareholders of California High-Yield Municipal Fund will be asked to consider
and act upon a proposal to change the fund's sub-classification from diversified
to non-diversified in order to provide the fund with the investment flexibility
to invest greater than 5% of its assets in certain issuers.

SH-SPL-26618   0108
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