American Century California Tax-Free and Municipal Funds

PROSPECTUS SUPPLEMENT

CALIFORNIA TAX-FREE MONEY MARKET FUND
CALIFORNIA MUNICIPAL MONEY MARKET FUND
CALIFORNIA LIMITED-TERM TAX-FREE FUND
CALIFORNIA INTERMEDIATE-TERM TAX-FREE FUND
CALIFORNIA LONG-TERM TAX-FREE FUND
CALIFORNIA INSURED TAX-FREE FUND
CALIFORNIA HIGH-YIELD MUNICIPAL FUND

Supplement dated January 29, 2002 * Prospectus dated January 1, 2002


The following replaces the bar chart under the heading "Annual Total Returns(1)"
on page 5 of the Investor Class prospectus.

[annual total returns chart below]

California Limited-Term Tax-Free
2000    7.03%
1999    1.13%
1998    4.91%
1997    5.34%
1996    3.93%
1995    8.32%
1994   -0.61%
1993    5.92%

California Intermediate-Term Tax-Free
2000   10.14%
1999   -1.09%
1998    5.59%
1997    7.45%
1996    4.25%
1995   13.52%
1994   -3.72%
1993   10.69%
1992    7.09%
1991   10.38%

California Long-Term Tax-Free
2000   14.92%
1999   -5.22%
1998    6.31%
1997    9.74%
1996    3.59%
1995   19.80%
1994   -6.51%
1993   13.74%
1992    8.16%
1991   11.80%


(1)  As of September 30, 2001, the funds' year-to-date returns were California
 Limited-Term Tax-Free, 5.02%; California Intermediate-Term Tax-Free, 4.88%; and
 California Long-Term Tax-Free, 5.18%.


SH-SPL-28832   0201