40-17F2 1 acctfmf17f2filing.txt ACCTF&MF 17F-2 FILING FOR 8-31-2001 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-17f-2 Certificate of Accounting of Securities and Similar Investments in the Custody of Management Investment Companies Pursuant to Rule 17f-2 [17 CFR 270.17F-2] ---------------------------------------- OMB APPROVAL ---------------------------------------- ---------------------------------------- OMB Number: 3235-0360 Expires: July 31, 1994 Estimated average burden hours per response 0.05 ----------------------------------------- -------------------------------------------------------------------------------- 1. Investment Company Act File Number: Date examination completed: 811-4025 August 30, 2001 -------------------------------------------------------------------------------- 2. State identification Number: -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- AL AK AZ AR CA CO -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- CT DE DC FL GA HI -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- ID IL IN IA KS KY -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- LA ME MD MA MI MN -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- MS MO MT NE NV NH -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- NJ NM NY NC ND OH -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- OK OR PA RI SC SD -------------------- -------------------- --------------------- --------------------- ---------------------- --------------- TN TX UT VT VA WA -------------------- -------------------- --------------------- ------------------------------------------------------------ WV WI WY PUERTO RICO ----------------------------------------------------------------------------------------------------------------------------
Other (specify): -------------------------------------------------------------------------------- 3. Exact name of investment company as specified in registration statement: American Century Tax Free and Municipal Funds -------------------------------------------------------------------------------- 5. Address of principal executive office (number, street, city, state, zip code) Jami Waggoner, American Century Funds, 4500 Main Street, Kansas City, MO 64111 -------------------------------------------------------------------------------- INSTRUCTIONS This Form must be completed by investment companies that have custody of securities or similar investments. Investment Company 1. All items must be completed by the investment company. 2. Give this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law, examines securities and similar investments in the custody of the investment company. Accountant 3. Submit this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-2 under the Act and applicable state law. File the original and one copy with the Securities and Exchange Commission's principal office in Washington, D.C., one copy with the regional office for the region in which the investment company's principal business operations are conducted, and one copy with the appropriate state administrator(s), if applicable. THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT SEC 2198 (11-91) Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940 We, as members of management of American Century California Tax-Free and Municipal Funds (the "Funds"), are responsible for complying with the requirements of subsections (b) and (c) of rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds' compliance with the requirements of subsections (b) and (c) of rule 17f-2 as of August 31, 2001, and from July 31, 2001 through August 31, 2001. Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsections (b) and (c) of rule 17f-2 of the Investment Company Act of 1940 as of August 31, 2001, and from July 31, 2001 through August 31, 2001, with respect to securities reflected in the investment accounts of the Funds. American Century Investment Management, Inc. By: /s/Maryanne Roepke Maryanne Roepke Senior Vice President and Treasurer January 23, 2002 January 17, 2001 To the Trustees of the American Century California Tax-Free and Municipal Funds: We have examined management's assertions, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, about the American Century California Tax-Free and Municipal Funds (the "Funds") compliance with the requirements of subsections (b) and (c) of rule 17f-2 under the Investment Company Act of 1940 (the "Act") as of August 31, 2001. Management is responsible for the Funds' compliance with those requirements. Our responsibility is to express an opinion on management's assertions about the Funds' compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis evidence about the Funds' compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of August 31, 2001, and with respect to agreement of security purchases and sales, for the period from July 31, 2001 through August 31, 2001: o Count and inspection of all securities located in the vault of The JP Morgan Chase Manhattan Bank, New York (the "Custodian") at 4 New York Plaza, 11th Floor, NY, NY, 11245, without prior notice to management o Testing of securities and similar investments held in book entry by the Depository Trust Company via evaluation of the reconciliation procedures used by the Custodian and disposition of any reconciling items related to the Funds' positions; o Agreement of four security purchases, four security sales and two maturities since our last report from the books and records of the Company to broker confirmations; We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide legal determination on the Funds' compliance with specified requirements. In our opinion, management's assertion that the Funds were in compliance with the requirement of sub sections (b) and (c) of rule 17f-2 of the Investment Company Act of 1940 as of August 31, 2001 with respect to securities reflected in the investment accounts of the Funds are fairly stated, in all material respects. This report is intended solely for the information and use of the Board of Trustees, management, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP January 17, 2001