-----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, C2kcAuPNzqB0d8qAQ5ubwUT6UZOft27MGns6gsSDXwjIudIWTCpM5r3rNmFpwf67 cm4z2zVHt0+LNKcTcqKwWQ== 0000717316-06-000021.txt : 20060512 0000717316-06-000021.hdr.sgml : 20060512 20060512161742 ACCESSION NUMBER: 0000717316-06-000021 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060512 DATE AS OF CHANGE: 20060512 EFFECTIVENESS DATE: 20060512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY CALIFORNIA TAX FREE & MUNICIPAL FUNDS CENTRAL INDEX KEY: 0000717316 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: 06835079 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 TRUST / DATE OF NAME CHANGE: 19960815 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 0000717316 S000005667 CALIFORNIA HIGH-YIELD MUNICIPAL FUND C000015521 INVESTOR CLASS BCHYX C000015522 A CLASS CAYAX C000015523 B CLASS CAYBX C000015524 C CLASS CAYCX 0000717316 S000005668 CALIFORNIA TAX-FREE BOND FUND C000015525 INVESTOR CLASS BCITX 0000717316 S000005669 CALIFORNIA LIMITED-TERM TAX-FREE FUND C000015526 INVESTOR CLASS BCSTX 0000717316 S000005670 CALIFORNIA LONG-TERM TAX-FREE FUND C000015527 INVESTOR CLASS BCLTX 0000717316 S000005671 CALIFORNIA TAX-FREE MONEY MARKET FUND C000015528 INVESTOR CLASS BCTXX 497 1 supp.htm STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT 
American Century California Tax-Free and Municipal Funds

STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT


CALIFORNIA HIGH-YIELD MUNICIPAL FUND * CALIFORNIA LIMITED-TERM TAX-FREE FUND
CALIFORNIA LONG-TERM TAX-FREE FUND * CALIFORNIA TAX-FREE BOND FUND
CALIFORNIA TAX-FREE MONEY MARKET FUND


Supplement dated May 15, 2006  *  Statement of  Additional  Information  dated
January 1, 2006

THE FOLLOWING REPLACES THE CHART ON PAGE 45.

     OTHER ACCOUNTS MANAGED

     The  portfolio   managers  also  may  be  responsible  for  the  day-to-day
     management of other accounts,  as indicated by the following table. None of
     these accounts has an advisory fee based on the performance of the account.


OTHER ACCOUNTS MANAGED (AS OF AUGUST 31, 2005)
- --------------------------------------------------------------------------------------------------------------
                                                                                          OTHER ACCOUNTS (E.G.,
                                       REGISTERED INVESTMENT    OTHER POOLED              SEPARATE ACCOUNTS AND
                                       COMPANIES (E.G., OTHER   INVESTMENT VEHICLES       CORPORATE ACCOUNTS,
                                       AMERICAN CENTURY FUNDS   (E.G., COMMINGLED         INCLUDING INCUBATION
                                       AND AMERICAN CENTURY-    TRUSTS AND 529            STRATEGIES AND
                                       SUBADVISED FUNDS)        EDUCATION SAVINGS PLANS)  CORPORATE MONEY)
- --------------------------------------------------------------------------------------------------------------
CALIFORNIA HIGH-YIELD MUNICIPAL
- --------------------------------------------------------------------------------------------------------------
Steve Permut       Number of Other               1                        0                      0
                   Accounts Managed
                   -------------------------------------------------------------------------------------------
                   Assets in Other          $190,805,341                 N/A                    N/A
                   Accounts Managed
- --------------------------------------------------------------------------------------------------------------
CALIFORNIA LIMITED-TERM TAX-FREE
- --------------------------------------------------------------------------------------------------------------
Alan Kruss(1)      Number of Other               2                        0                      0
                   Accounts Managed
                   -------------------------------------------------------------------------------------------
                   Assets in Other          $100,943,020                 N/A                    N/A
                   Accounts Managed
- --------------------------------------------------------------------------------------------------------------
CALIFORNIA LONG-TERM TAX-FREE
- --------------------------------------------------------------------------------------------------------------
David MacEwen      Number of Other               5                        0                      3
                   Accounts Managed
                   -------------------------------------------------------------------------------------------
                   Assets in Other         $1,810,132,827                N/A                $44,331,443
                   Accounts Managed
- --------------------------------------------------------------------------------------------------------------
CALIFORNIA TAX-FREE BOND(2)
- --------------------------------------------------------------------------------------------------------------
Robert J. Miller   Number of Other               1                        0                      0
                   Accounts Managed
                   -------------------------------------------------------------------------------------------
                   Assets in Other          $181,301,132                 N/A                    N/A
                   Accounts Managed
- --------------------------------------------------------------------------------------------------------------
CALIFORNIA TAX-FREE MONEY MARKET
- --------------------------------------------------------------------------------------------------------------
Todd Pardula       Number of Other               0                        0                      0
                   Accounts Managed
                   -------------------------------------------------------------------------------------------
                   Assets in Other              N/A                      N/A                    N/A
                   Accounts Managed
- --------------------------------------------------------------------------------------------------------------

(1)  MR. KRUSS BECAME  PORTFOLIO  MANAGER ON APRIL 21, 2006, AND  INFORMATION IS
     PROVIDED  AS OF THAT DATE.

(2)  FORMERLY KNOWN AS CALIFORNIA INTERMEDIATE-TERM TAX-FREE FUND.



THE FOLLOWING REPLACES THE CHART ON PAGE 47.


OWNERSHIP OF SECURITIES
                                   AGGREGATE DOLLAR RANGE OF SECURITIES IN FUND
- --------------------------------------------------------------------------------
California High-Yield Municipal
        Steve Permut                                       F
- --------------------------------------------------------------------------------
California Limited-Term Tax-Free Fund
        Alan Kruss(1)                                      A
- --------------------------------------------------------------------------------
California Long-Term Tax-Free
        David MacEwen                                      C
- --------------------------------------------------------------------------------
California Tax-Free Bond Fund(2)
        Robert Miller(3)                                   C
- --------------------------------------------------------------------------------
California Tax-Free Money Market
        Todd Pardula                                       C
- --------------------------------------------------------------------------------

RANGES: A - NONE; B - $1-$10,000; C - $10,001-$50,000; D - $50,001-$100,000; E -
$100,001-$500,000; F - $500,001-$1,000,000; G - MORE THAN $1,000,000.

(1)  MR.  KRUSS  BECAME  PORTFOLIO  MANAGER ON APRIL 21,  2006.  INFORMATION  IS
     PROVIDED AS OF APRIL 1, 2006.

(2)  FORMERLY KNOWN AS CALIFORNIA INTERMEDIATE-TERM TAX-FREE FUND.

(3)  INFORMATION AS OF APRIL 17, 2006.




American Century Investment Services, Inc., Distributor

©2006 American Century Proprietary Holdings, Inc. All rights reserved.

The American  Century  Investments  logo,  American Century and American Century
Investments are service marks of American Century Proprietary Holdings, Inc.

SH-SPL-49418   0605
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