-----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, OpxyRoQ4U8ZZmlTzluVLNYjS3msyqduBoV/KVWN/EjRErQoi01TcKRx8VL3rldkK OwMT6/ejIpvIW6MfdmpzRA== 0000717316-07-000068.txt : 20071029 0000717316-07-000068.hdr.sgml : 20071029 20071029153308 ACCESSION NUMBER: 0000717316-07-000068 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20070831 FILED AS OF DATE: 20071029 DATE AS OF CHANGE: 20071029 EFFECTIVENESS DATE: 20071029 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: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-03706 FILM NUMBER: 071196430 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 C000055489 A CLASS ALTAX C000055490 B CLASS ALQBX C000055491 C CLASS 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B030300 0 028 B040300 6498 028 C010300 9015 028 C020300 1234 028 C030300 0 028 C040300 4743 028 D010300 10820 028 D020300 1286 028 D030300 0 028 D040300 4584 028 E010300 5657 028 E020300 1257 028 E030300 0 028 E040300 5976 028 F010300 9568 028 F020300 1419 028 F030300 0 028 F040300 13740 028 G010300 52094 028 G020300 7595 028 G030300 0 028 G040300 41184 028 H000300 0 029 000300 N 030 A000300 0 030 B000300 0.00 030 C000300 0.00 031 A000300 0 031 B000300 0 032 000300 0 033 000300 0 034 000300 N 035 000300 0 036 B000300 0 037 000300 N 038 000300 0 039 000300 Y 040 000300 N 041 000300 N 042 A000300 0 042 B000300 0 042 C000300 0 042 D000300 0 042 E000300 0 042 F000300 0 PAGE 11 042 G000300 0 042 H000300 0 043 000300 0 044 000300 0 045 000300 Y 046 000300 N 047 000300 Y 048 000300 0.000 048 A010300 1000000 048 A020300 0.572 048 B010300 1000000 048 B020300 0.520 048 C010300 3000000 048 C020300 0.490 048 D010300 5000000 048 D020300 0.470 048 E010300 15000000 048 E020300 0.457 048 F010300 25000000 048 F020300 0.455 048 G010300 0 048 G020300 0.000 048 H010300 0 048 H020300 0.000 048 I010300 0 048 I020300 0.000 048 J010300 0 048 J020300 0.000 048 K010300 50000000 048 K020300 0.455 049 000300 N 050 000300 N 051 000300 N 052 000300 Y 053 A000300 N 055 A000300 Y 055 B000300 N 056 000300 Y 057 000300 N 058 A000300 N 059 000300 Y 060 A000300 Y 060 B000300 Y 061 000300 5000 062 A000300 Y 062 B000300 0.0 062 C000300 0.0 062 D000300 0.0 062 E000300 13.5 062 F000300 0.0 062 G000300 0.0 PAGE 12 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 062 L000300 0.0 062 M000300 0.0 062 N000300 0.0 062 O000300 85.9 062 P000300 0.0 062 Q000300 0.0 062 R000300 0.0 063 A000300 0 063 B000300 7.3 064 A000300 Y 064 B000300 N 070 A010300 Y 070 A020300 N 070 B010300 N 070 B020300 N 070 C010300 Y 070 C020300 N 070 D010300 N 070 D020300 N 070 E010300 Y 070 E020300 Y 070 F010300 N 070 F020300 N 070 G010300 Y 070 G020300 N 070 H010300 N 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 Y 070 J020300 N 070 K010300 Y 070 K020300 Y 070 L010300 N 070 L020300 N 070 M010300 N 070 M020300 N 070 N010300 Y 070 N020300 N 070 O010300 Y 070 O020300 N 070 P010300 Y 070 P020300 Y 070 Q010300 N 070 Q020300 N 070 R010300 Y 070 R020300 N PAGE 13 071 A000300 163909 071 B000300 161852 071 C000300 390906 071 D000300 41 072 A000300 12 072 B000300 20493 072 C000300 0 072 D000300 0 072 E000300 0 072 F000300 2185 072 G000300 0 072 H000300 0 072 I000300 0 072 J000300 0 072 K000300 0 072 L000300 0 072 M000300 23 072 N000300 0 072 O000300 0 072 P000300 0 072 Q000300 0 072 R000300 0 072 S000300 0 072 T000300 0 072 U000300 0 072 V000300 0 072 W000300 1 072 X000300 2210 072 Y000300 0 072 Z000300 18284 072AA000300 0 072BB000300 64 072CC010300 0 072CC020300 9738 072DD010300 18284 072DD020300 0 072EE000300 0 073 A010300 0.4537 073 A020300 0.0000 073 B000300 0.0000 073 C000300 0.0000 074 A000300 0 074 B000300 0 074 C000300 62456 074 D000300 396948 074 E000300 0 074 F000300 0 074 G000300 0 074 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033 000400 0 034 000400 N 035 000400 0 036 B000400 0 037 000400 N 038 000400 0 039 000400 Y 040 000400 N 041 000400 N 042 A000400 0 042 B000400 0 042 C000400 0 042 D000400 0 042 E000400 0 042 F000400 0 042 G000400 0 042 H000400 0 043 000400 0 044 000400 0 045 000400 Y 046 000400 N 047 000400 Y 048 000400 0.000 048 A010400 1000000 048 A020400 0.572 048 B010400 1000000 048 B020400 0.520 048 C010400 3000000 048 C020400 0.490 048 D010400 5000000 048 D020400 0.470 048 E010400 15000000 048 E020400 0.457 048 F010400 25000000 048 F020400 0.455 048 G010400 0 048 G020400 0.000 048 H010400 0 048 H020400 0.000 048 I010400 0 048 I020400 0.000 048 J010400 0 048 J020400 0.000 PAGE 16 048 K010400 50000000 048 K020400 0.455 049 000400 N 050 000400 N 051 000400 N 052 000400 Y 053 A000400 N 055 A000400 N 055 B000400 N 056 000400 Y 057 000400 N 058 A000400 N 059 000400 Y 060 A000400 Y 060 B000400 Y 061 000400 5000 062 A000400 Y 062 B000400 0.0 062 C000400 0.0 062 D000400 0.0 062 E000400 0.5 062 F000400 0.0 062 G000400 0.0 062 H000400 0.0 062 I000400 0.0 062 J000400 0.0 062 K000400 0.0 062 L000400 0.0 062 M000400 0.0 062 N000400 0.0 062 O000400 98.5 062 P000400 0.0 062 Q000400 0.0 062 R000400 0.0 063 A000400 0 063 B000400 13.9 064 A000400 Y 064 B000400 N 070 A010400 Y 070 A020400 N 070 B010400 N 070 B020400 N 070 C010400 Y 070 C020400 N 070 D010400 N 070 D020400 N 070 E010400 Y 070 E020400 Y 070 F010400 N 070 F020400 N 070 G010400 Y PAGE 17 070 G020400 N 070 H010400 N 070 H020400 N 070 I010400 N 070 I020400 N 070 J010400 Y 070 J020400 N 070 K010400 Y 070 K020400 Y 070 L010400 N 070 L020400 N 070 M010400 N 070 M020400 N 070 N010400 Y 070 N020400 N 070 O010400 Y 070 O020400 N 070 P010400 Y 070 P020400 Y 070 Q010400 N 070 Q020400 N 070 R010400 Y 070 R020400 N 071 A000400 114988 071 B000400 77541 071 C000400 423438 071 D000400 18 072 A000400 12 072 B000400 22278 072 C000400 0 072 D000400 0 072 E000400 0 072 F000400 2174 072 G000400 0 072 H000400 0 072 I000400 0 072 J000400 0 072 K000400 0 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B010500 20748 PAGE 19 028 B020500 1573 028 B030500 0 028 B040500 9528 028 C010500 40182 028 C020500 1719 028 C030500 0 028 C040500 8053 028 D010500 19034 028 D020500 1795 028 D030500 0 028 D040500 13942 028 E010500 16764 028 E020500 1756 028 E030500 0 028 E040500 8537 028 F010500 16318 028 F020500 2031 028 F030500 0 028 F040500 13788 028 G010500 133027 028 G020500 10602 028 G030500 0 028 G040500 68620 028 H000500 55501 029 000500 Y 030 A000500 278 030 B000500 4.50 030 C000500 0.00 031 A000500 0 031 B000500 0 032 000500 0 033 000500 278 034 000500 Y 035 000500 8 036 A000500 N 036 B000500 0 037 000500 N 038 000500 0 039 000500 Y 040 000500 Y 041 000500 Y 042 A000500 0 042 B000500 0 042 C000500 0 042 D000500 0 042 E000500 0 042 F000500 0 042 G000500 0 042 H000500 100 043 000500 692 044 000500 0 PAGE 20 045 000500 Y 046 000500 N 047 000500 Y 048 000500 0.000 048 A010500 1000000 048 A020500 0.602 048 B010500 1000000 048 B020500 0.550 048 C010500 3000000 048 C020500 0.520 048 D010500 5000000 048 D020500 0.500 048 E010500 15000000 048 E020500 0.487 048 F010500 25000000 048 F020500 0.485 048 G010500 0 048 G020500 0.000 048 H010500 0 048 H020500 0.000 048 I010500 0 048 I020500 0.000 048 J010500 0 048 J020500 0.000 048 K010500 50000000 048 K020500 0.485 049 000500 N 050 000500 N 051 000500 N 052 000500 Y 053 A000500 N 055 A000500 N 055 B000500 N 056 000500 Y 057 000500 N 058 A000500 N 059 000500 Y 060 A000500 N 060 B000500 N 061 000500 5000 062 A000500 Y 062 B000500 0.0 062 C000500 0.0 062 D000500 0.0 062 E000500 9.4 062 F000500 0.0 062 G000500 0.0 062 H000500 0.0 062 I000500 0.0 062 J000500 0.0 062 K000500 0.0 PAGE 21 062 L000500 0.0 062 M000500 0.0 062 N000500 0.0 062 O000500 92.1 062 P000500 0.0 062 Q000500 0.0 062 R000500 0.0 063 A000500 0 063 B000500 15.7 064 A000500 Y 064 B000500 N 070 A010500 Y 070 A020500 N 070 B010500 N 070 B020500 N 070 C010500 Y 070 C020500 Y 070 D010500 N 070 D020500 N 070 E010500 Y 070 E020500 Y 070 F010500 N 070 F020500 N 070 G010500 Y 070 G020500 Y 070 H010500 N 070 H020500 N 070 I010500 N 070 I020500 N 070 J010500 Y 070 J020500 Y 070 K010500 Y 070 K020500 Y 070 L010500 N 070 L020500 N 070 M010500 N 070 M020500 N 070 N010500 Y 070 N020500 N 070 O010500 Y 070 O020500 N 070 P010500 Y 070 P020500 Y 070 Q010500 N 070 Q020500 N 070 R010500 Y 070 R020500 N 071 A000500 228936 071 B000500 95130 071 C000500 564564 071 D000500 17 PAGE 22 072 A000500 12 072 B000500 31518 072 C000500 0 072 D000500 0 072 E000500 0 072 F000500 3109 072 G000500 0 072 H000500 0 072 I000500 0 072 J000500 0 072 K000500 0 072 L000500 0 072 M000500 26 072 N000500 0 072 O000500 0 072 P000500 0 072 Q000500 0 072 R000500 0 072 S000500 0 072 T000500 692 072 U000500 0 072 V000500 0 072 W000500 1 072 X000500 3829 072 Y000500 0 072 Z000500 27689 072AA000500 400 072BB000500 0 072CC010500 0 072CC020500 23384 072DD010500 20886 072DD020500 6804 072EE000500 0 073 A010500 0.0000 073 A020500 0.0000 073 B000500 0.0000 073 C000500 0.0000 074 A000500 141 074 B000500 0 074 C000500 61886 074 D000500 606202 074 E000500 0 074 F000500 0 074 G000500 0 074 H000500 0 074 I000500 0 074 J000500 0 074 K000500 0 074 L000500 11288 074 M000500 0 074 N000500 679518 PAGE 23 074 O000500 19840 074 P000500 355 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 0 074 R040500 954 074 S000500 0 074 T000500 658369 074 U010500 47212 074 U020500 19279 074 V010500 0.00 074 V020500 0.00 074 W000500 0.0000 074 X000500 3116 074 Y000500 0 075 A000500 0 075 B000500 603862 076 000500 0.00 028 A010700 1801 028 A020700 384 028 A030700 0 028 A040700 3108 028 B010700 1286 028 B020700 344 028 B030700 0 028 B040700 4483 028 C010700 2036 028 C020700 357 028 C030700 0 028 C040700 4103 028 D010700 1443 028 D020700 368 028 D030700 0 028 D040700 2104 028 E010700 2011 028 E020700 357 028 E030700 0 028 E040700 3195 028 F010700 752 028 F020700 0 028 F030700 0 028 F040700 15103 028 G010700 9329 028 G020700 1810 028 G030700 0 028 G040700 32096 028 H000700 0 029 000700 N 030 A000700 0 030 B000700 0.00 PAGE 24 030 C000700 0.00 031 A000700 0 031 B000700 0 032 000700 0 033 000700 0 034 000700 N 035 000700 0 036 B000700 0 037 000700 N 038 000700 0 039 000700 Y 040 000700 N 041 000700 N 042 A000700 0 042 B000700 0 042 C000700 0 042 D000700 0 042 E000700 0 042 F000700 0 042 G000700 0 042 H000700 0 043 000700 0 044 000700 0 045 000700 Y 046 000700 N 047 000700 Y 048 000700 0.000 048 A010700 1000000 048 A020700 0.572 048 B010700 1000000 048 B020700 0.520 048 C010700 3000000 048 C020700 0.490 048 D010700 5000000 048 D020700 0.470 048 E010700 15000000 048 E020700 0.457 048 F010700 25000000 048 F020700 0.455 048 G010700 0 048 G020700 0.000 048 H010700 0 048 H020700 0.000 048 I010700 0 048 I020700 0.000 048 J010700 0 048 J020700 0.000 048 K010700 50000000 048 K020700 0.455 049 000700 N 050 000700 N PAGE 25 051 000700 N 052 000700 Y 053 A000700 N 055 A000700 Y 055 B000700 N 056 000700 Y 057 000700 N 058 A000700 N 059 000700 Y 060 A000700 Y 060 B000700 Y 061 000700 5000 062 A000700 Y 062 B000700 0.0 062 C000700 0.0 062 D000700 0.0 062 E000700 18.1 062 F000700 0.0 062 G000700 0.0 062 H000700 0.0 062 I000700 0.0 062 J000700 0.0 062 K000700 0.0 062 L000700 0.0 062 M000700 0.0 062 N000700 0.0 062 O000700 82.0 062 P000700 0.0 062 Q000700 0.0 062 R000700 0.0 063 A000700 0 063 B000700 3.9 064 A000700 Y 064 B000700 N 070 A010700 Y 070 A020700 N 070 B010700 N 070 B020700 N 070 C010700 Y 070 C020700 N 070 D010700 N 070 D020700 N 070 E010700 Y 070 E020700 Y 070 F010700 N 070 F020700 N 070 G010700 Y 070 G020700 N 070 H010700 N 070 H020700 N 070 I010700 N PAGE 26 070 I020700 N 070 J010700 Y 070 J020700 N 070 K010700 Y 070 K020700 Y 070 L010700 N 070 L020700 N 070 M010700 N 070 M020700 N 070 N010700 Y 070 N020700 N 070 O010700 Y 070 O020700 N 070 P010700 Y 070 P020700 Y 070 Q010700 N 070 Q020700 N 070 R010700 Y 070 R020700 N 071 A000700 34281 071 B000700 58948 071 C000700 126074 071 D000700 27 072 A000700 12 072 B000700 6065 072 C000700 0 072 D000700 0 072 E000700 0 072 F000700 703 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JAMI D. WAGGONER TITLE VICE PRESIDENT EX-99.77B 2 exhibit77b.txt EXHIBIT 77B Report of Independent Registered Public Accounting Firm To the Trustees of the American Century California Tax-Free and Municipal Funds and Shareholders of the California Tax-Free Money Market Fund, California Limited-Term Tax-Free Fund, California Tax-Free Bond Fund, California Long-Term Tax-Free Fund and California High-Yield Municipal Fund: In planning and performing our audits of the financial statements of American Century California Tax-Free and Municipal Funds (the "Funds") as of and for the year ended August 31, 2007, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Such internal control over financial reporting includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the company's ability to initiate, authorize, record, process or report external financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the company's annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2007. This report is intended solely for the information and use of management and the Board of Trustees of American Century California Tax-Free and Municipal Funds 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 October 15, 2007 EX-99.77C 3 exhibit77c.txt EXHIBIT 77C American Century California Tax-Free & Municipal Funds Exhibit 77C A special meeting of shareholders was held on July 27, 2007, to vote on the following proposal. The proposal received the required number of votes of the American Century California Tax-Free and Municipal Funds and was adopted. A summary of voting results is listed below each proposal. PROPOSAL: To elect eight Trustees to the Board of Trustees of American Century California Tax-Free and Municipal Funds (the proposal was voted on by all shareholders of funds issued by American Century California Tax-Free and Municipal Funds): Jonathan S. Thomas For: 1,196,700,006 Withhold: 41,904,885 Abstain: 0 Broker Non-Vote: 0 John Freidenrich For: 1,197,510,256 Withhold: 41,094,636 Abstain: 0 Broker Non-Vote: 0 Ronald J. Gilson For: 1,198,244,848 Withhold: 40,360,044 Abstain: 0 Broker Non-Vote: 0 Kathryn A. Hall For: 1,198,026,073 Withhold: 40,578,819 Abstain: 0 Broker Non-Vote: 0 Peter F. Pervere For: 1,197,268,471 Withhold: 41,336,421 Abstain: 0 Broker Non-Vote: 0 Myron S. Scholes For: 1,196,432,024 Withhold: 42,172,868 Abstain: 0 Broker Non-Vote: 0 John B. Shoven For: 1,197,907,207 Withhold: 40,697,685 Abstain: 0 Broker Non-Vote: 0 Jeanne D. Wohlers For: 1,197,917,523 Withhold: 40,687,369 Abstain: 0 Broker Non-Vote: 0
EX-99.77Q1 4 exhibit77q1a1.txt EXHIBIT 77Q1A1 AMENDMENT NO. 2 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST is made as of the 8th day of March, 2007 by the Trustees hereunder. WHEREAS, the Board of Trustees have executed an Amendment and Restatement to the Agreement and Declaration of Trust dated March 26, 2004, and amended December 12, 2005; and WHEREAS, pursuant to Article VIII, Section 8 of the Declaration of Trust, the Trustees wish to amend the Declaration of Trust as follows. NOW, THEREFORE, BE IT RESOLVED, the Declaration of Trust is hereby amended by deleting the present Section 6(d) of Article III and inserting in lieu thereof the following: (d) VOTING. On any matter submitted to a vote of the Shareholders of the Trust, all Shares of all Series and Classes then entitled to vote shall be voted together, except that (i) when required by the 1940 Act to be voted by individual Series or Class, Shares shall be voted by individual Series or Class, or (ii) when the matter affects only the interests of Shareholders of one or more Series or Classes, only Shareholders of such one or more Series or Classes shall be entitled to vote thereon. RESOLVED, the Declaration of Trust is hereby amended by deleting the present Section 3 of Article V and inserting in lieu thereof the following: SECTION 3. QUORUM AND REQUIRED VOTE Except when a larger quorum is required by applicable law, by the Bylaws or by this Declaration of Trust, one-third of the Shares entitled to vote shall constitute a quorum at a Shareholders' meeting. When any one or more Series or Classes are to vote as a single class separate from any other Shares, one-third of the Shares of each such Series or Class entitled to vote shall constitute a quorum at a Shareholders' meeting of that Series or Class. Any meeting of Shareholders may be adjourned from time to time by a majority of the votes properly cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned within a reasonable time after the date set for the original meeting without further notice. Subject to the provisions of Article III, Section 6(d), when a quorum is present at any meeting, a majority of the Shares voted shall decide any questions and a plurality shall elect a Trustee, except when a larger vote is required by any provision of this Declaration of Trust or the Bylaws or by applicable law. RESOLVED, the Declaration of Trust is hereby amended by deleting the present Section 4 of Article VIII and inserting in lieu thereof the following: SECTION 4. TERMINATION OF TRUST, SERIES OR CLASS Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by vote of at least two-thirds (66 (2)/3%) of the Shares of each Series entitled to vote, voting separately by Series, or by the Trustees by written notice to the Shareholders. Any Series or Class may be terminated at any time by vote of at least two-thirds (66 (2)/3%) of the Shares of that Series or Class, or by the Trustees by written notice to the Shareholders of that Series or Class. Upon termination of the Trust (or any Series or Class, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities belonging, severally, to each Series (or the applicable Series or Class, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets belonging, severally, to each Series (or the applicable Series or Class, as the case may be), to distributable form in cash or shares or other securities, or any combination thereof, and distribute the proceeds belonging to each Series (or the applicable Series or Class, as the case may be), to the Shareholders of that Series or Class, as a Series or Class, ratably according to the number of Shares of that Series or Class held by the several Shareholders on the date of termination. IN WITNESS WHEREOF, the Trustees do hereto set their hands as of the date written above. TRUSTEES OF THE AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS /s/ John Freidenrich /s/ Ronald J. Gilson John Freidenrich Ronald J. Gilson /s/ Kathryn A. Hall /s/ Myron S. Scholes Kathryn A. Hall Myron S. Scholes /s/ John B. Shoven /s/ Jeanne D. Wohlers John B. Shoven Jeanne D. Wohlers
EX-99.77Q1 5 exhibit77q1a2.txt EXHIBIT 77Q1A2 AMENDMENT NO. 3 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS THIS AMENDMENT NO. 3 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST is made as of the 31st day of August, 2007, by the Trustees hereunder. WHEREAS, the Board of Trustees has determined that it is in the best interests of American Century California Tax-Free and Municipal Funds (the "Trust") to take the following actions: (1) to reorganize the California Limited-Term Tax-Free Fund into the California Tax-Free Bond Fund, effective September 4, 2007, in accordance with the terms of the relevant Agreement and Plan of Reorganization approved by the Board of Trustees at its meeting on December 8, 2006, as a result of which shareholders will receive shares of the California Tax-Free Bond Fund in exchange for their shares of the California Limited-Term Tax-Free Fund, which will be liquidated and terminated; and (2) to establish and designate the following new classes of the California Long-Term Tax-Free Fund, effective September 27, 2007, as approved by the Board of Trustees at its meeting on December 8, 2006: A Class B Class C Class; NOW, THEREFORE, BE IT RESOLVED, that each of the aforementioned actions shall take effect as indicated in the first recital hereto; and RESOLVED, that Schedule A of the Amended and Restated Agreement and Declaration of Trust for the Trust is hereby amended to reflect such actions by deleting the text thereof in its entirety and inserting in lieu therefore the Schedule A attached hereto. IN WITNESS WHEREOF, a majority of the Trustees do hereto set their hands as of the date first referenced above. Trustees of the American Century California Tax-Free and Municipal Funds /s/ Jonathan S. Thomas /s/ Peter F. Pervere Jonathan S. Thomas Peter F. Pervere /s/ John Freidenrich /s/ Myron S. Scholes John Freidenrich Myron S. Scholes /s/ Ronald J. Gilson /s/ John B. Shoven Ronald J. Gilson John B. Shoven /s/ Kathryn A. Hall /s/ Jeanne D. Wohlers Kathryn A. Hall Jeanne D. Wohlers SCHEDULE A AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS Pursuant to Article III, Section 6, the Trustees hereby establish and designate the following Series as Series of the Trust (and the Classes thereof), with the relative rights and preferences as described in Section 6: SERIES CLASS DATE OF ESTABLISHMENT California Tax-Free Money Market Fund Investor Class 11/09/1983 California Tax-Free Bond Fund Investor Class 11/09/1983 California Long-Term Tax-Free Fund Investor Class 11/09/1983 A Class 09/27/2007 B Class 09/27/2007 C Class 09/27/2007 California High-Yield Municipal Fund Investor Class 12/30/1986 A Class 05/08/2002 B Class 05/08/2002 C Class 05/01/2001 This Schedule A shall supersede any previously adopted Schedule A to the Declaration of Trust.
EX-99.77Q1 6 exhibit77q1e.txt EXHIBIT 77Q1E American Century California Tax-Free and Municipal Funds MANAGEMENT AGREEMENT This MANAGEMENT AGREEMENT ("Agreement") is made as of the 1st day of August, 2007 by and between AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS, a Massachusetts business trust and registered investment company (the "Company"), and AMERICAN CENTURY INVESTMENT MANAGEMENT, INC., a Delaware corporation (the "Investment Manager"). WHEREAS, a majority of those members of the Board of Trustees of the Company (collectively, the "Board of Directors", and each Trustee individually a "Director") who are not "interested persons" as defined in Investment Company Act (hereinafter referred to as the "Independent Directors"), during its most recent annual evaluation of the terms of the Agreement pursuant to Section 15(c) of the Investment Company Act, has approved the continuance of the Agreement as it relates to each series of shares of the Company set forth on Schedule B attached hereto (the "Funds"). NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements herein contained, the parties agree as follows: 1. Investment Management Services. The Investment Manager shall supervise the investments of each Fund. In such capacity, the Investment Manager shall maintain a continuous investment program for each such Fund, determine what securities shall be purchased or sold by each Fund, secure and evaluate such information as it deems proper and take whatever action is necessary or convenient to perform its functions, including the placing of purchase and sale orders. 2. Compliance with Laws. All functions undertaken by the Investment Manager hereunder shall at all times conform to, and be in accordance with, any requirements imposed by: (a) the Investment Company Act and any rules and regulations promulgated thereunder; (b) any other applicable provisions of law; (c) the Declaration of Trust of the Company as amended from time to time; (d) the By-Laws of the Company as amended from time to time; (e) the Multiple Class Plan; and (f) the registration statement(s) of the Company, as amended from time to time, filed under the Securities Act of 1933 and the Investment Company Act. 3. Board Supervision. All of the functions undertaken by the Investment Manager hereunder shall at all times be subject to the direction of the Board of Directors, its executive committee, or any committee or officers of the Company acting under the authority of the Board of Directors. 4. Payment of Expenses. The Investment Manager will pay all the expenses of each class of each Fund that it shall manage, other than interest, taxes, brokerage commissions, portfolio insurance, extraordinary expenses, the fees and expenses of the Independent Directors (including counsel fees), and expenses incurred in connection with the provision of shareholder services and distribution services under a plan adopted pursuant to Rule 12b-1 under the Investment Company Act. The Investment Manager will provide the Company with all physical facilities and personnel required to carry on the business of each class of each Fund that it shall manage, including but not limited to office space, office furniture, fixtures and equipment, office supplies, computer hardware and software and salaried and hourly paid personnel. The Investment Manager may at its expense employ others to provide all or any part of such facilities and personnel. 5. Account Fees. The Board of Directors may impose fees for various account services, proceeds of which may be remitted to the appropriate Fund or the Investment Manager at the discretion of the Board of Directors. At least 60 days' prior written notice of the intent to impose such fee must be given to the shareholders of the affected series. 6. Management Fees. (a) In consideration of the services provided by the Investment Manager, each class of a Fund shall pay to the Investment Manager a management fee that is calculated as described in this Section 6 using the fee schedules described herein. (b) Definitions (1) An "Investment Team" is the Portfolio Managers that the Investment Manager has designated to manage a given portfolio. (2) An "Investment Strategy" is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team. (3) A "Primary Strategy Portfolio" is each Fund, as well as any other series of any other registered investment company for which the Investment Manager serves as the investment manager and for which American Century Investment Services, Inc. serves as the distributor; provided, however, that a registered investment company that invests its assets exclusively in the shares of other registered investment companies shall not be a Primary Strategy Portfolio. Any exceptions to the above requirements shall be approved by the Board of Directors. (4) A "Secondary Strategy Portfolio" is another account managed by the Investment Manager that is managed by the same Investment Team as that assigned to manage any Primary Strategy Portfolio that shares the same board of directors or board of trustees as the Company. Any exceptions to this requirement shall be approved by the Board of Directors. (5) An "Investment Category" for a Fund is the group to which the Fund is assigned for determining the first component of its management fee. Each Primary Strategy Portfolio is assigned to one of the three Investment Categories indicated below. The Investment Category assignments for the Funds appear in Schedule B to this Agreement. The amount of assets in each of the Investment Categories ("Investment Category Assets") is determined as follows: a) Money Market Fund Category Assets. The assets which are used to determine the fee for this Investment Category is the sum of the assets of all of the Primary Strategy Portfolios and Secondary Strategy Portfolios that invest primarily in debt securities and are subject to Rule 2a-7 under the Investment Company Act. b) Bond Fund Category Assets. The assets which are used to determine the fee for this Investment Category is the sum the assets of all of the Primary Strategy Portfolios and Secondary Strategy Portfolios that invest primarily in debt securities and are not subject to Rule 2a-7 under the Investment Company Act. c) Equity Fund Category Assets. The assets which are used to determine the fee for this Investment Category is the sum the assets of all of the Primary Strategy Portfolios and Secondary Strategy Portfolios that invest primarily in equity securities. (6) The "Per Annum Investment Category Fee Dollar Amount" for a Fund is the dollar amount resulting from applying the applicable Investment Category Fee Schedule for the Fund (as shown on Schedule A) using the applicable Investment Category Assets. (7) The "Per Annum Investment Category Fee Rate" for Fund is the percentage rate that results from dividing the Per Annum Investment Category Fee Dollar Amount for the Fund by the applicable Investment Category Assets for the Fund. (8) The "Complex Assets" is the sum of the assets in all of the Primary Strategy Portfolios. (9) The "Per Annum Complex Fee Dollar Amount" for a class of a Fund shall be the dollar amount resulting from application of the Complex Assets to the Complex Fee Schedule for the class as shown in Schedule C. (10) The "Per Annum Complex Fee Rate" for a class of a Fund is the percentage rate that results from dividing the Per Annum Complex Fee Dollar Amount for the class of a Fund by the Complex Assets. (11) The "Per Annum Management Fee Rate" for a class of a Fund is the sum of the Per Annum Investment Category Fee Rate applicable to the Fund and the Per Annum Complex Fee Rate applicable to the class of the Fund. (c) Daily Management Fee Calculation. For each calendar day, each class of each Fund shall accrue a fee calculated by multiplying the Per Annum Management Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years). (d) Monthly Management Fee Payment. On the first business day of each month, each class of each series Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month. (e) Additional Series or Classes. In the event that the Board of Directors shall determine to issue any additional series of shares for which it is proposed that the Investment Manager serve as investment manager, the Company and the Investment Manager shall enter into an Addendum to this Agreement setting forth the name of the series and/or classes, as appropriate, the Applicable Fee and such other terms and conditions as are applicable to the management of such series and/or classes, or, in the alternative, enter into a separate management agreement that relates specifically to such series or classes of shares. 7. Continuation of Agreement. This Agreement shall become effective for each Fund as of the date first set forth above and shall continue in effect for each Fund until August 1, 2008, unless sooner terminated as hereinafter provided, and shall continue in effect from year to year thereafter for each Fund only as long as such continuance is specifically approved at least annually (i) by either the Board of Directors or by the vote of a majority of the outstanding voting securities of such Fund, and (ii) by the vote of a majority of the Directors, who are not parties to the Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. The annual approvals provided for herein shall be effective to continue this Agreement from year to year if given within a period beginning not more than 90 days prior to August 1st of each applicable year, notwithstanding the fact that more than 365 days may have elapsed since the date on which such approval was last given. 8. Termination. This Agreement may be terminated, with respect to any Fund, by the Investment Manager at any time without penalty upon giving the Company 60 days' written notice, and may be terminated, with respect to any Fund, at any time without penalty by the Board of Directors or by vote of a majority of the outstanding voting securities of such Fund on 60 days' written notice to the Investment Manager. 9. Effect of Assignment. This Agreement shall automatically terminate with respect to any Fund in the event of its assignment by the Investment Manager. The term "assignment" for this purpose having the meaning defined in Section 2(a)(4) of the Investment Company Act. 10. Other Activities. Nothing herein shall be deemed to limit or restrict the right of the Investment Manager, or the right of any of its officers, directors or employees (who may also be a Director, officer or employee of the Company), to engage in any other business or to devote time and attention to the management or other aspects of any other business, whether of a similar or dissimilar nature, or to render services of any kind to any other corporation, firm, individual or association. 11. Standard of Care. In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of its obligations or duties hereunder on the part of the Investment Manager, it, as an inducement to it to enter into this Agreement, shall not be subject to liability to the Company or to any shareholder of the Company for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. 12. Separate Agreement. The parties hereto acknowledge that certain provisions of the Investment Company Act, in effect, treat each series of shares of a registered investment company as a separate investment company. Accordingly, the parties hereto hereby acknowledge and agree that, to the extent deemed appropriate and consistent with the Investment Company Act, this Agreement shall be deemed to constitute a separate agreement between the Investment Manager and each Fund. 13. Use of the Name "American Century". The name "American Century" and all rights to the use of the name "American Century" are the exclusive property of American Century Proprietary Holdings, Inc. ("ACPH"). ACPH has consented to, and granted a non-exclusive license for, the use by the Company of the name "American Century" in the name of the Company and any Fund. Such consent and non-exclusive license may be revoked by ACPH in its discretion if ACPH, the Investment Manager, or a subsidiary or affiliate of either of them is not employed as the investment adviser of each Fund. In the event of such revocation, the Company and each Fund using the name "American Century" shall cease using the name "American Century" unless otherwise consented to by ACPH or any successor to its interest in such name. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective duly authorized officers as of the day and year first written above. American Century Investment Management, Inc. American Century California Tax-Free and Municipal Funds /s/ Otis H. Cowan /s/ Maryanne L. Roepke Otis H. Cowan Maryanne L. Roepke Vice President Senior Vice President - ---------------------------------------------------------------------------------------------------------- American Century Schedule A: Investment Category Fee Schedules - ---------------------------------------------------------------------------------------------------------- American Century California Tax-Free and Municipal Funds Schedule A: Category Fee Schedules - ---------------------------------------------------------------------------------------------------------- Schedule A Investment Category Fee Schedules Money Market Funds =========================================== ========================================================================= Rate Schedules Category Assets Schedule 1 Schedule 2 Schedule 3 Schedule 4 - ------------------------------------------- ----------------- ------------------ ----------------- ------------------ - ------------------------------------------- ----------------- ------------------ ----------------- ------------------ First $1 billion 0.2500% 0.2700% 0.3500% 0.2300% Next $1 billion 0.2070% 0.2270% 0.3070% 0.1870% Next $3 billion 0.1660% 0.1860% 0.2660% 0.1460% Next $5 billion 0.1490% 0.1690% 0.2490% 0.1290% Next $15 billion 0.1380% 0.1580% 0.2380% 0.1180% Next $25 billion 0.1375% 0.1575% 0.2375% 0.1175% Thereafter 0.1370% 0.1570% 0.2370% 0.1170% =========================================== ================= ================== ================= ================== Bond Funds ====================== ========================================================================================================= Rate Schedules Category Assets Schedule 1 Schedule 2 Schedule 3 Schedule 4 Schedule 5 Schedule 6 Schedule 7 Schedule 8 - ---------------------- ------------ ----------- ------------ ------------ ------------ ------------ ------------- -------------- - ---------------------- ------------ ----------- ------------ ------------ ------------ ------------ ------------- -------------- First $1 billion 0.2800% 0.3100% 0.3600% 0.6100% 0.4100% 0.6600% 0.3800% 0.4600% Next $1 billion 0.2280% 0.2580% 0.3080% 0.5580% 0.3580% 0.6080% 0.3280% 0.4080% Next $3 billion 0.1980% 0.2280% 0.2780% 0.5280% 0.3280% 0.5780% 0.2980% 0.3780% Next $5 billion 0.1780% 0.2080% 0.2580% 0.5080% 0.3080% 0.5580% 0.2780% 0.3580% Next $15 billion 0.1650% 0.1950% 0.2450% 0.4950% 0.2950% 0.5450% 0.2650% 0.3450% Next $25 billion 0.1630% 0.1930% 0.2430% 0.4930% 0.2930% 0.5430% 0.2630% 0.3430% Thereafter 0.1625% 0.1925% 0.2425% 0.4925% 0.2925% 0.5425% 0.2625% 0.3425% ====================== ============ =========== ============ ============ ============ ============ ============= ============== Equity Funds ========================== ==================================================================================== Rate Schedules Category Assets Schedule 1 Schedule 2 Schedule 3 Schedule 4 Schedule 5 - -------------------------- -------------- --------------- ----------------- ------------------ ---------------- - -------------------------- -------------- --------------- ----------------- ------------------ ---------------- First $1 billion 0.5200% 0.7200% 1.2300% 0.8700% 1.0000% Next $5 billion 0.4600% 0.6600% 1.1700% 0.8100% 0.9400% Next $15 billion 0.4160% 0.6160% 1.1260% 0.7660% 0.8960% Next $25 billion 0.3690% 0.5690% 1.0790% 0.7190% 0.8490% Next $50 billion 0.3420% 0.5420% 1.0520% 0.6920% 0.8220% Next $150 billion 0.3390% 0.5390% 1.0490% 0.6890% 0.8190% Thereafter 0.3380% 0.5380% 1.0480% 0.6880% 0.8180% ========================== ============== =============== ================= ================== ================ American Century Schedule B: Complex Fee Schedules - ---------------------------------------------------------------------------------------------------------- American Century California Tax-Free and Municipal Funds Schedule B: Investment Category Assignments - ---------------------------------------------------------------------------------------------------------- Schedule B Effective from August 1, 2007 through September 3, 2007 Investment Category Assignments American Century California Tax-Free and Municipal Funds =========================================================== ======================================= ================= Series Category Applicable Fee Schedule Number - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California Tax-Free Money Market Fund Money Market Funds 2 - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California Limited-Term Tax-Free Fund Bond Funds 1 - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California Tax-Free Bond Fund Bond Funds 1 - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California Long-Term Tax-Free Fund Bond Funds 1 - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California High-Yield Municipal Fund Bond Funds 2 =========================================================== ======================================= ================= - ---------------------------------------------------------------------------------------------------------- Schedule B Effective from September 4, 2007 through July 31, 2008 Investment Category Assignments American Century California Tax-Free and Municipal Funds =========================================================== ======================================= ================= Series Category Applicable Fee Schedule Number - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California Tax-Free Money Market Fund Money Market Funds 2 - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California Tax-Free Bond Fund Bond Funds 1 - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California Long-Term Tax-Free Fund Bond Funds 1 - ----------------------------------------------------------- --------------------------------------- ----------------- - ----------------------------------------------------------- --------------------------------------- ----------------- California High-Yield Municipal Fund Bond Funds 2 =========================================================== ======================================= ================= American Century California Tax-Free and Municipal Funds Schedule C: Complex Fee Schedules - ---------------------------------------------------------------------------------------------------------- Schedule C Effective from August 1, 2007 through September 3, 2007 Complex Fee Schedules Rate Schedules - ----------------------------------------- ------------------------------------------------- Complex Assets Institutional Class All Other Classes - ----------------------------------------- ------------------------ ------------------------ - ----------------------------------------- ------------------------ ------------------------ First $2.5 billion 0.1100% 0.3100% Next $7.5 billion 0.1000% 0.3000% Next $15.0 billion 0.0985% 0.2985% Next $25.0 billion 0.0970% 0.2970% Next $25.0 billion 0.0870% 0.2870% Next $25.0 billion 0.0800% 0.2800% Next $25.0 billion 0.0700% 0.2700% Next $25.0 billion 0.0650% 0.2650% Next $25.0 billion 0.0600% 0.2600% Next $25.0 billion 0.0550% 0.2550% Thereafter 0.0500% 0.2500% ========================================= ======================== ======================== ===================================================== ========== ========= ========== ======== ======= ======== ======= Series Investor Institu- Advisor A B C R Class tional Class Class Class Class Class Class - ----------------------------------------------------- ---------- --------- ---------- -------- ------- -------- ------- >> California High-Yield Municipal Fund Yes No No Yes Yes Yes No >> California Tax Free Money Market Fund Yes No No No No No No >> California Tax-Free Bond Fund Yes No No No No No No >> California Long-Term Tax-Free Fund Yes No No No No No No >> California Limited-Term Tax-Free Fund Yes No No No No No No ===================================================== ========== ========= ========== ======== ======= ======== ======= Schedule C Effective from September 4, 2007 through September 27, 2007 Complex Fee Schedules Rate Schedules - ----------------------------------------- ------------------------------------------------- Complex Assets Institutional Class All Other Classes - ----------------------------------------- ------------------------ ------------------------ - ----------------------------------------- ------------------------ ------------------------ First $2.5 billion 0.1100% 0.3100% Next $7.5 billion 0.1000% 0.3000% Next $15.0 billion 0.0985% 0.2985% Next $25.0 billion 0.0970% 0.2970% Next $25.0 billion 0.0870% 0.2870% Next $25.0 billion 0.0800% 0.2800% Next $25.0 billion 0.0700% 0.2700% Next $25.0 billion 0.0650% 0.2650% Next $25.0 billion 0.0600% 0.2600% Next $25.0 billion 0.0550% 0.2550% Thereafter 0.0500% 0.2500% ========================================= ======================== ======================== ===================================================== ========== ========= ========== ======== ======= ======== ======= Series Investor Institu- Advisor A B C R Class tional Class Class Class Class Class Class - ----------------------------------------------------- ---------- --------- ---------- -------- ------- -------- ------- >> California High-Yield Municipal Fund Yes No No Yes Yes Yes No >> California Tax Free Money Market Fund Yes No No No No No No >> California Tax-Free Bond Fund Yes No No No No No No >> California Long-Term Tax-Free Fund Yes No No No No No No ===================================================== ========== ========= ========== ======== ======= ======== ======= Schedule C Effective from September 28, 2007 through July 31, 2008 Complex Fee Schedules Rate Schedules - ----------------------------------------- ------------------------------------------------- Complex Assets Institutional Class All Other Classes - ----------------------------------------- ------------------------ ------------------------ - ----------------------------------------- ------------------------ ------------------------ First $2.5 billion 0.1100% 0.3100% Next $7.5 billion 0.1000% 0.3000% Next $15.0 billion 0.0985% 0.2985% Next $25.0 billion 0.0970% 0.2970% Next $25.0 billion 0.0870% 0.2870% Next $25.0 billion 0.0800% 0.2800% Next $25.0 billion 0.0700% 0.2700% Next $25.0 billion 0.0650% 0.2650% Next $25.0 billion 0.0600% 0.2600% Next $25.0 billion 0.0550% 0.2550% Thereafter 0.0500% 0.2500% ========================================= ======================== ======================== ===================================================== ========== ========= ========== ======== ======= ======== ======= Series Investor Institu- Advisor A B C R Class tional Class Class Class Class Class Class - ----------------------------------------------------- ---------- --------- ---------- -------- ------- -------- ------- >> California High-Yield Municipal Fund Yes No No Yes Yes Yes No >> California Tax Free Money Market Fund Yes No No No No No No >> California Tax-Free Bond Fund Yes No No No No No No >> California Long-Term Tax-Free Fund Yes No No Yes Yes Yes No ===================================================== ========== ========= ========== ======== ======= ======== =======
EX-99.77Q1 7 exhibit77q1g.txt EXHIBIT 77Q1G AGREEMENT AND PLAN OF REORGANIZATION THIS AGREEMENT AND PLAN OF REORGANIZATION (the "Agreement") is made as of this 31st day of August 2007 by and between American Century California Tax-Free and Municipal Funds, a Massachusetts business trust, with its principal place of business at 4500 Main Street, Kansas City, Missouri 64111-0141 (the "Trust"), with respect to its California Tax-Free Bond Fund (the "Acquiring Fund"), and the Trust with respect to its California Limited-Term Tax-Free Fund (the "Acquired Fund" and, collectively with the Acquiring Fund, the "Funds"). RECITALS This Agreement is intended to be, and is adopted as, a plan of reorganization within the meaning of Section-368 of the United States Internal Revenue Code of 1986, as amended (the "Code") and the Treasury Regulations promulgated thereunder. The reorganization will consist of: (i) the transfer of all of the assets of the Acquired Fund in exchange for Investor Class Shares of the Acquiring Fund ("Acquiring Fund Shares"); and (ii) the distribution of Investor Class Shares of the Acquiring Fund to the holders of Investor Class shares of the Acquired Fund and the liquidation of the Acquired Fund as provided herein, all upon the terms and conditions set forth in this Agreement (the "Reorganization"). WHEREAS, the Acquired Fund and Acquiring Fund are both separate series of the Trust, the Trust is an open-end, registered management investment company and the Acquired Fund owns securities that generally are assets of the character in which the Acquiring Fund is permitted to invest; WHEREAS, each of the Acquiring Fund and the Acquired Fund is authorized to issue its respective shares; WHEREAS, the Trustees of the Trust have determined that the Reorganization, with respect to the Acquiring Fund, is in the best interests of the Acquiring Fund and that the interests of the existing shareholders of the Acquiring Fund will not be diluted as a result of the Reorganization; and WHEREAS, the Trustees of the Trust have determined that the Reorganization, with respect to the Acquired Fund, is in the best interests of the Acquired Fund and that the interests of the existing shareholders of the Acquired Fund will not be diluted as a result of the Reorganization. AGREEMENT NOW, THEREFORE, in consideration of the premises and of the covenants and agreements hereinafter set forth, the parties hereto covenant and agree as follows: ARTICLE I TRANSFER OF ASSETS OF THE ACQUIRED FUND IN EXCHANGE FOR ACQUIRING FUND SHARES AND LIQUIDATION OF THE ACQUIRED FUND 1.1 THE EXCHANGE. Subject to the terms and conditions contained herein and on the basis of the representations and warranties contained herein, the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph 1.2, to the Acquiring Fund. In exchange, the Acquiring Fund agrees to deliver to the Acquired Fund the number of full and fractional Acquiring Fund Shares, determined by dividing the assets of the Acquired Fund, computed in the manner and as of the time and date set forth in paragraph 2.1 by the net asset value per share of the Acquiring Fund Shares computed in the manner and as of the time and date set forth in paragraph 2.2. Holders of Investor Class shares of the Acquired Fund will receive Investor Class shares of the Acquiring Fund. Such transaction shall take place at the closing on the Closing Date provided for in paragraph 3.1. 1.2 ASSETS TO BE ACQUIRED. The assets of the Acquired Fund to be acquired by the Acquiring Fund shall consist of property having a value equal to the total net assets of the Acquired Fund, including, without limitation, cash, securities, commodities, interests in futures and dividends or interest receivable, owned by the Acquired Fund and any deferred or prepaid expenses shown as an asset on the books of the Acquired Fund on the Closing Date. The Acquired Fund has provided the Acquiring Fund with its most recent audited financial statements, which contain a list of all of the Acquired Fund's assets as of the date of such statements. The Acquired Fund hereby represents that as of the date of the execution of this Agreement, there have been no changes in its financial position as reflected in such financial statements other than as the result of changes in the market values of securities or otherwise occurring in the ordinary course of business in connection with the purchase and sale of securities, the issuance and redemption of Acquired Fund shares and the payment of normal operating expenses, dividends and capital gains distributions. 1.3 LIABILITIES TO BE DISCHARGED. The Acquired Fund will discharge all of its liabilities and obligations prior to the Closing Date other than the ordinary course liabilities reflected in the Acquired Fund's net asset value incurred by the Acquired Fund prior to the Closing Date in connection with its on-going business operations (including accrued fees and expenses and payables for securities purchased or for shares redeemed) ("Acquired Fund Ordinary Course Liabilities"). Subject to the terms and conditions contained in this Agreement and on the basis of the representations and warranties contained in this Agreement, on the Closing Date, the Acquiring Fund shall assume and thereafter in due course pay and fully satisfy, discharge or perform the Acquired Fund Ordinary Course Liabilities. For avoidance of doubt, the Acquiring Fund shall not assume or agree to pay, satisfy, discharge or perform any contingent liabilities, or any liabilities arising under any plan adopted by the Acquired Fund under Rule 12b-1 with respect to the sale of the Acquired Fund's shares prior to the Closing Date. 1.4 LIQUIDATION AND DISTRIBUTION. On or as soon after the Closing Date as is conveniently practicable: (a)-the Acquired Fund will distribute in complete liquidation of the Acquired Fund, pro-rata to its shareholders of record, determined as of the close of business on the Closing Date (the "Acquired Fund Shareholders"), all of the Acquiring Fund Shares received by the Acquired Fund pursuant to paragraph-1.1; and (b)-the Acquired Fund will thereupon proceed to dissolve and terminate as set forth in paragraph-1.8 below. Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of the Acquired Fund Shareholders, and representing the respective pro-rata number of Acquiring Fund Shares due such shareholders. All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund. The Acquiring Fund shall not issue certificates representing Acquiring Fund Shares in connection with such transfer. After the Closing Date, the Acquired Fund shall not conduct any business except in connection with its termination. 1.5 OWNERSHIP OF SHARES. Ownership of Acquiring Fund Shares will be shown on the books of the Acquiring Fund's transfer agent. Acquiring Fund Shares will be issued simultaneously to the Acquired Fund, in an amount equal in value to the aggregate net asset value of the Acquired Fund Shares, to be distributed to Acquired Fund Shareholders. 1.6 TRANSFER TAXES. Any transfer taxes payable upon the issuance of Acquiring Fund Shares in a name other than the registered holder of the Acquired Fund Shares on the books of the Acquired Fund as of that time shall, as a condition of such issuance and transfer, be paid by the person to whom such Acquiring Fund Shares are to be issued and transferred. 1.7 REPORTING RESPONSIBILITY. Any reporting responsibility of the Acquired Fund is and shall remain the responsibility of the Acquired Fund. 1.8 TERMINATION. The Acquired Fund shall be terminated promptly following the Closing Date and the making of all distributions pursuant to paragraph-1.4. 1.9 BOOKS AND RECORDS. All books and records of the Acquired Fund, including all books and records required to be maintained under the Investment Company Act of 1940, as amended (the "1940 Act"), and the rules and regulations thereunder, shall be available to the Acquiring Fund from and after the Closing Date and shall be turned over to the Acquiring Fund as soon as practicable following the Closing Date. ARTICLE II VALUATION 2.1 VALUATION OF ASSETS. The value of the Acquired Fund's assets to be acquired by the Acquiring Fund hereunder shall be the value of such assets at the closing on the Closing Date, using the valuation procedures set forth in the Acquiring Fund's Amended and Restated Agreement and Declaration of Trust, Bylaws and the Acquiring Fund's then current prospectus and statement of additional information. 2.2 VALUATION OF SHARES. The net asset value per share of Acquiring Fund Shares shall be the net asset value per share computed at the closing on the Closing Date, using the valuation procedures set forth in the Acquiring Fund's Amended and Restated Agreement and Declaration of Trust, Bylaws and the Acquiring Fund's then current prospectus and statement of additional information. 2.3 SHARES TO BE ISSUED. The number of the Acquiring Fund's shares to be issued (including fractional shares, if any) in exchange for the Acquired Fund's assets, shall be determined as set forth in paragraph 1.1. 2.4 DETERMINATION OF VALUE. All computations of value shall be made by American Century Investment Management, Inc., on behalf of the Acquiring Fund and the Acquired Fund. ARTICLE III CLOSING AND CLOSING DATE 3.1 CLOSING DATE. The closing shall occur on or about August 31, 2007, or such other date(s) as the parties may agree to in writing (the "Closing Date"). All acts taking place at the closing shall be deemed to take place at 4:00 p.m., Eastern Time, on the Closing Date unless otherwise provided herein. The closing shall be held at the offices of American Century Investments, 4500 Main Street, Kansas City, Missouri 64111-0141, or at such other time and/or place as the parties may agree. 3.2 CUSTODIAN'S CERTIFICATE. The Acquired Fund shall cause JPMorgan Chase Banks, N.A., as custodian for the Acquired Fund (the "Custodian"), to deliver at the Closing a certificate of an authorized officer stating that: (a) the Acquired Fund's portfolio securities, cash, and any other assets have been delivered in proper form to the Acquiring Fund on the Closing Date; and (b) all necessary taxes including all applicable federal and state stock transfer stamps, if any, shall have been paid, or provision for payment shall have been made, in conjunction with the delivery of portfolio securities by the Acquired Fund. 3.3 EFFECT OF SUSPENSION IN TRADING. In the event that on the scheduled Closing Date, either: (a) the New York Stock Exchange ("NYSE") or another primary exchange on which the portfolio securities of the Acquiring Fund or the Acquired Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b)-trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Acquiring Fund or the Acquired Fund is impracticable, the Closing Date shall be postponed until the first business day after the day when trading is fully resumed and reporting is restored. 3.4 TRANSFER AGENT'S CERTIFICATE. The Acquired Fund shall cause American Century Services, LLC, as transfer agent for the Acquired Fund as of the Closing Date, to deliver at the Closing a certificate of an authorized officer stating that its records contain the names and addresses of Acquired Fund Shareholders, and the number and percentage ownership of outstanding shares owned by each such shareholder immediately prior to the Closing. The Acquiring Fund shall issue and deliver or cause American Century Services, LLC, its transfer agent, to issue and deliver a confirmation evidencing Acquiring Fund Shares to be credited on the Closing Date to the Secretary of the Trust or provide evidence satisfactory to the Acquired Fund that the Acquiring Fund Shares have been credited to the Acquired Fund's account on the books of the Acquiring Fund. At the Closing, each party shall deliver to the other such bills of sale, checks, assignments, share certificates, receipts, officer's certificates, transfer agent certificates, custodian certificates, opinions, and other certificates and documents, if any, as such other party or its counsel may reasonably request. ARTICLE IV REPRESENTATIONS AND WARRANTIES 4.1 REPRESENTATIONS OF THE ACQUIRED FUND. The Trust, on behalf of the Acquired Fund, represents and warrants to the Trust on behalf of the Acquiring Fund as follows: a) The Acquired Fund is a legally designated, separate series of a business trust duly organized, validly existing and in good standing under the laws of Massachusetts. b) The Trust is registered as an open-end management investment company under the 1940 Act, and the Acquired Fund's registration with the Securities and Exchange Commission (the "Commission") as an investment company under the 1940 Act is in full force and effect. c) The current prospectus and statement of additional information of the Acquired Fund conform in all material respects to the applicable requirements of the Securities Act of 1933, as amended (the "1933 Act"), and the 1940 Act, and the rules and regulations thereunder, and do not include any untrue statement of a material fact or omit to state any material fact required to be stated or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. d) The Acquired Fund is not, and the execution, delivery, and performance of this Agreement will not, result in the violation of any provision of the Trust's Amended and Restated Agreement and Declaration of Trust or By-Laws or of any material agreement, indenture, instrument, contract, lease, or other undertaking to which the Acquired Fund is a party or by which it is bound. e) The Acquired Fund has no material contracts or other commitments (other than this Agreement) that will be terminated with liability to it before the Closing Date, except for liabilities, if any, to be discharged as provided in paragraph-1.3 hereof. f) No litigation, administrative proceeding, or investigation of or before any court or governmental body is presently pending or to its knowledge threatened against the Acquired Fund or any of its properties or assets, which, if adversely determined, would materially and adversely affect its financial condition, the conduct of its business, or the ability of the Acquired Fund to carry out the transactions contemplated by this Agreement. The Acquired Fund knows of no facts that might form the basis for the institution of such proceedings and is not a party to or subject to the provisions of any order, decree, or judgment of any court or governmental body that materially and adversely affects its business or its ability to consummate the transactions contemplated herein. g) The financial statements of the Acquired Fund as of August 31, 2006, and for the fiscal year then ended, have been prepared in accordance with generally accepted accounting principles, and audited by PricewaterhouseCoopers LLP, independent registered public accounting firm, and such statements (copies of which have been furnished to the Acquiring Fund) fairly and accurately reflect the financial condition of the Acquired Fund as of such date, and there are no known contingent liabilities of the Acquired Fund as of such date that are not disclosed in such statements. h) The unaudited financial statements of the Acquired Fund as of February 28, 2007, and for the six months then ended, have been prepared in accordance with generally accepted accounting principles, and such statements (copies of which have been furnished to the Acquiring Fund) fairly and accurately reflect the financial condition of the Acquired Fund as of such date, and there are no known contingent liabilities of the Acquired Fund as of such date that are not disclosed in such statements. i) Since the date of the financial statements referred to in subparagraph (h) above, there have been no material adverse changes in the Acquired Fund's financial condition, assets, liabilities or business (other than changes occurring in the ordinary course of business), or any incurrence by the Acquired Fund of indebtedness maturing more than one year from the date such indebtedness was incurred, except as identified and disclosed by the Acquired Fund on Schedule 4.1 to this Agreement. For the purposes of this subparagraph (i), a decline in the net asset value of the Acquired Fund in and of itself shall not constitute a material adverse change. j) All federal and other tax returns and reports of the Acquired Fund required by law to be filed, have been timely and accurately filed, and all federal and other taxes shown due on such returns and reports have been paid, or provision shall have been made for the payment thereof. To the best of the Acquired Fund's knowledge, no such return is currently under audit, and no assessment has been asserted with respect to such returns. k) All issued and outstanding Acquired Fund Shares are duly and validly issued and outstanding, fully paid and non-assessable by the Acquired Fund. All of the issued and outstanding Acquired Fund Shares will, at the time of the Closing Date, be held by the persons and in the amounts set forth in the records of the Acquired Fund's transfer agent as provided in paragraph 3.4. The Acquired Fund has no outstanding options, warrants, or other rights to subscribe for or purchase any of the Acquired Fund Shares, and has no outstanding securities convertible into any of the Acquired Fund Shares. l) At the Closing Date, the Acquired Fund will have good and marketable title to the Acquired Fund's assets to be transferred to the Acquiring Fund pursuant to paragraph 1.2, and full right, power, and authority to sell, assign, transfer, and deliver such assets hereunder, free of any lien or other encumbrance, except those liens or encumbrances to which the Acquiring Fund has received notice, and, upon delivery and payment for such assets, and the filing of any articles, certificates or other documents under the laws of Massachusetts, the Acquiring Fund will acquire good and marketable title, subject to no restrictions on the full transfer of such assets, other than such restrictions as might arise under the 1933 Act or the 1940 Act, and other than as disclosed to and accepted by the Acquiring Fund. m) The execution, delivery and performance of this Agreement have been duly authorized by all necessary action on the part of the Acquired Fund and its Board of Trustees. This Agreement constitutes a valid and binding obligation of the Acquired Fund, enforceable in accordance with its terms, subject as to enforcement, to bankruptcy, insolvency, reorganization, moratorium, and other laws relating to or affecting creditors' rights and to general equity principles. n) The information to be furnished by the Acquired Fund for use in documents that may be necessary in connection with the transactions contemplated herein shall comply in all material respects with federal securities and other laws and regulations and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated or necessary to make the statements, in light of the circumstances under which such statements were made, not misleading. o) The Acquired Fund has elected to qualify and has qualified as a "regulated investment company" under the Code (a "RIC"), as of and since its first taxable year; has been a RIC under the Code at all times since the end of its first taxable year when it so qualified; and qualifies and will continue to qualify as a RIC under the Code for its taxable year ending upon its liquidation. p) No governmental consents, approvals, authorizations or filings are required under the 1933 Act, the Securities Exchange Act of 1934, as amended (the "1934 Act"), the 1940 Act or Massachusetts law for the execution of this Agreement by the Trust, for itself and on behalf of the Acquired Fund, except for the filing of any articles, certificates or other documents that may be required under Massachusetts law, and except for such other consents, approvals, authorizations and filings as have been made or received, and except for such consents, approvals, authorizations and filings as may be required subsequent to the Closing Date. 4.2 REPRESENTATIONS OF THE ACQUIRING FUND. The Trust on behalf of the Acquiring Fund represents and warrants to the Trust on behalf of the Acquired Fund as follows: a) The Acquiring Fund is a legally designated, separate series of a business trust duly organized, validly existing and in good standing under the laws of Massachusetts. b) The Trust is registered as an open-end management investment company under the 1940 Act, and the Acquiring Fund's registration with the Commission as an investment company under the 1940 Act is in full force and effect. c) The current prospectus and statement of additional information of the Acquiring Fund conform in all material respects to the applicable requirements of the 1933 Act and the 1940 Act, and the rules and regulations thereunder, and do not include any untrue statement of a material fact or omit to state any material fact required to be stated or necessary to make such statements therein, in light of the circumstances under which they were made, not misleading. d) The Acquiring Fund is not in violation of, and the execution, delivery and performance of this Agreement will not result in a violation of any provision of the Trust's Amended and Restated Agreement and Declaration of Trust or By-Laws or of any material agreement, indenture, instrument, contract, lease, or other undertaking to which the Acquiring Fund is a party or by which it is bound. e) No litigation, administrative proceeding, or investigation of or before any court or governmental body is presently pending or to its knowledge threatened against the Acquiring Fund or any of its properties or assets, which, if adversely determined, would materially and adversely affect its financial condition, the conduct of its business, or the ability of the Acquiring Fund to carry out the transactions contemplated by this Agreement. The Acquiring Fund knows of no facts that might form the basis for the institution of such proceedings and it is not a party to or subject to the provisions of any order, decree, or judgment of any court or governmental body that materially and adversely affects its business or its ability to consummate the transaction contemplated herein. f) The financial statements of the Acquiring Fund as of August 31, 2006, and for the fiscal year then ended, have been prepared in accordance with generally accepted accounting principles, and audited by PricewaterhouseCoopers LLP, independent registered public accounting firm, and such statements (copies of which have been furnished to the Acquired Fund) fairly and accurately reflect the financial condition of the Acquiring Fund as of such date, and there are no known contingent liabilities of the Acquiring Fund as of such date that are not disclosed in such statements. g) The unaudited financial statements of the Acquiring Fund as of February 28, 2007, and for the six months then ended, have been prepared in accordance with generally accepted accounting principles, and such statements (copies of which have been furnished to the Acquired Fund) fairly and accurately reflect the financial condition of the Acquiring Fund as of such date, and there are no known contingent liabilities of the Acquiring Fund as of such date that are not disclosed in such statements. h) Since the date of the financial statements referred to in subparagraph-(g) above, there have been no material adverse changes in the Acquiring Fund's financial condition, assets, liabilities or business (other than changes occurring in the ordinary course of business), or any incurrence by the Acquiring Fund of indebtedness maturing more than one year from the date such indebtedness was incurred, except as identified and disclosed by the Acquiring Fund on Schedule 4.2 to this Agreement. For the purposes of this subparagraph-(h), a decline in the net asset value of the Acquiring Fund in and of itself shall not constitute a material adverse change. i) All federal and other tax returns and reports of the Acquiring Fund required by law to be filed, have been timely and accurately filed and all federal and other taxes shown due on such returns and reports have been paid, or provision shall have been made for their payment. To the best of the Acquiring Fund's knowledge, no such return is currently under audit, and no assessment has been asserted with respect to such returns. j) All issued and outstanding Acquiring Fund Shares are duly and validly issued and outstanding, fully paid and non-assessable by the Acquiring Fund. The Acquiring Fund has no outstanding options, warrants, or other rights to subscribe for or purchase any Acquiring Fund Shares, and has no outstanding securities convertible into any Acquiring Fund Shares. k) The execution, delivery and performance of this Agreement have been duly authorized by all necessary action on the part of the Acquiring Fund and its Board of Directors, and this Agreement constitutes a valid and binding obligation of the Acquiring Fund, enforceable in accordance with its terms, subject as to enforcement, to bankruptcy, insolvency, reorganization, moratorium, and other laws relating to or affecting creditors' rights and to general equity principles. l) Acquiring Fund Shares to be issued and delivered to the Acquired Fund for the account of the Acquired Fund Shareholders pursuant to the terms of this Agreement will, at the Closing Date, have been duly authorized. When so issued and delivered, such shares will be duly and validly issued Acquiring Fund Shares, and will be fully paid and non-assessable. m) The information to be furnished by the Acquiring Fund for use in documents that may be necessary in connection with the transactions contemplated herein shall comply in all material respects with federal securities and other laws and regulations and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated or necessary to make the statements, in light of the circumstances under which such statements were made, not misleading. n) The Acquiring Fund has elected to qualify and has qualified as a RIC under the Code, as of and since its first taxable year; has been a RIC under the Code at all times since the end of its first taxable year when it so qualified; and qualifies and shall continue to qualify as a RIC under the Code for its current taxable year. o) No governmental consents, approvals, authorizations or filings are required under the 1933 Act, the 1934 Act, the 1940 Act or Massachusetts law for the execution of this Agreement by the Trust, for itself, and behalf of the Acquiring Fund, except for the filing of any articles, certificates or other documents that may be required under Massachusetts law, and except for such other consents, approvals, authorizations and filings as have been made or received, and except for such consents, approvals, authorizations and filings as may be required subsequent to the Closing Date. p) The Acquiring Fund agrees to use all reasonable efforts to obtain the approvals and authorizations required by the 1933 Act, the 1940 Act, and any state blue sky or securities laws as it may deem appropriate in order to continue its operations after the Closing Date. ARTICLE V COVENANTS OF THE ACQUIRING FUND AND THE ACQUIRED FUND 5.1 OPERATION IN ORDINARY COURSE. The Acquiring Fund and the Acquired Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions. 5.2 INVESTMENT REPRESENTATION. The Acquired Fund covenants that the Acquiring Fund Shares to be issued pursuant to this Agreement are not being acquired for the purpose of making any distribution, other than in connection with the Reorganization and in accordance with the terms of this Agreement. 5.3 ADDITIONAL INFORMATION. The Acquired Fund will assist the Acquiring Fund in obtaining such information as the Acquiring Fund reasonably requests concerning the beneficial ownership of the Acquired Fund's shares. 5.4 FURTHER ACTION. Subject to the provisions of this Agreement, the Acquiring Fund and the Acquired Fund will each take or cause to be taken, all action, and do or cause to be done, all things reasonably necessary, proper or advisable to consummate and make effective the transactions contemplated by this Agreement, including any actions required to be taken after the Closing Date. 5.5 STATEMENT OF EARNINGS AND PROFITS. As promptly as practicable, but in any case within sixty days after the Closing Date, the Acquired Fund shall furnish the Acquiring Fund, in such form as is reasonably satisfactory to the Acquiring Fund, a statement of the earnings and profits of the Acquired Fund for federal income tax purposes that will be carried over by the Acquiring Fund as a result of Section 381 of the Code, and which will be certified by the Trust's Treasurer. 5.6 DISTRIBUTIONS. On or before the Closing Date, the Acquired Fund shall have declared and paid a dividend or dividends which, together with all previous such dividends, shall have the effect of distributing to the Acquired Fund Shareholders all of the Acquired Fund's investment company taxable income (computed without regard to any deduction for dividends paid), if any, plus the excess, if any, of its interest income excludible from gross income under Section 103(a) of the Code over its deductions disallowed under Sections 265 and 171(a)(2) of the Code for all taxable periods or years ending on or before the Closing Date, and all of its net capital gains realized (after reduction for any capital loss carry forward), if any, in all taxable periods or years ending on or before the Closing Date. In addition, the Acquired Fund shall declare and pay any dividends for the period between the Closing Date and the next business day following the Closing Date to the Acquired Fund Shareholders. 5.7 TAX RETURNS. The Acquiring Fund and the Acquired Fund agree to cooperate with each other after the Closing in filing any tax return, amended return or claim for refund, determining a liability for taxes or a right to a refund of taxes or participating in or conducting any audit or other proceeding in respect of taxes. 5.8 CONFIRMATION OF TAX BASIS. The Acquired Fund shall deliver to the Acquiring Fund on the Closing Date confirmations or other adequate evidence as to the tax basis and holding period of each of the Assets delivered to the Acquiring Fund hereunder. ARTICLE VI CONDITIONS PRECEDENT TO OBLIGATIONS OF THE ACQUIRED FUND The obligations of the Acquired Fund to consummate the transactions provided for herein shall be subject, at its election, to the performance by the Acquiring Fund of all the obligations to be performed by the Acquiring Fund pursuant to this Agreement, on or before the Closing Date and, in addition, subject to the following conditions: 6.1 All representations, covenants, and warranties of the Acquiring Fund contained in this Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing Date, with the same force and effect as if made on and as of the Closing Date. The Acquiring Fund shall have delivered to the Acquired Fund on such Closing Date a certificate executed in the Acquiring Fund's name by the Trust's President or Vice President and its Treasurer or Assistant Treasurer, in form and substance satisfactory to the Acquired Fund and dated as of the Closing Date, to such effect and as to such other matters as the Acquired Fund shall reasonably request. ARTICLE VII CONDITIONS PRECEDENT TO OBLIGATIONS OF THE ACQUIRING FUND The obligations of the Acquiring Fund to consummate the transactions provided for herein shall be subject, at its election, to the performance by the Acquired Fund of all the obligations to be performed by the Acquired Fund pursuant to this Agreement, on or before the Closing Date and, in addition, shall be subject to the following conditions: 7.1 All representations, covenants, and warranties of the Acquired Fund contained in this Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing Date, with the same force and effect as if made on and as of such Closing Date. The Acquired Fund shall have delivered to the Acquiring Fund on such Closing Date a certificate executed in the Acquired Fund's name by the Trust's President or Vice President and its Treasurer or Assistant Treasurer, in form and substance satisfactory to the Acquiring Fund and dated as of such Closing Date, to such effect and as to such other matters as the Acquiring Fund shall reasonably request. 7.2 The Acquired Fund shall have delivered to the Acquiring Fund a statement of the Acquired Fund's assets and liabilities, together with a list of the Acquired Fund's portfolio securities showing the tax costs of such securities by lot and the holding periods of such securities, as of the Closing Date, certified by the Treasurer of the Trust. ARTICLE VIII FURTHER CONDITIONS PRECEDENT TO OBLIGATIONS OF THE ACQUIRING FUND AND ACQUIRED FUND If any of the conditions set forth below do not exist on or before the Closing Date with respect to the Acquired Fund or the Acquiring Fund, the other party to this Agreement shall, at its option, not be required to consummate the transactions contemplated by this Agreement: 8.1 This Agreement and the transactions contemplated herein, with respect to the Acquired Fund, shall have been approved by the requisite vote of the Board of Trustees in accordance with applicable law and the provisions of the Trust's Amended and Restated Agreement and Declaration of Trust and By-Laws. Certified copies of the resolutions evidencing such approval shall have been delivered to the Acquiring Fund. Notwithstanding anything herein to the contrary, neither the Acquiring Fund nor the Acquired Fund may waive the conditions set forth in this paragraph 8.1. 8.2 On the Closing Date, the Commission shall not have issued an unfavorable report under Section 25(b) of the 1940 Act, or instituted any proceeding seeking to enjoin the consummation of the transactions contemplated by this Agreement under Section 25(c) of the 1940 Act. Furthermore, no action, suit or other proceeding shall be threatened or pending before any court or governmental agency in which it is sought to restrain or prohibit, or obtain damages or other relief in connection with this Agreement or the transactions contemplated herein. 8.3 All required consents of other parties and all other consents, orders, and permits of federal, state and local regulatory authorities (including those of the Commission and of state securities authorities, including any necessary "no-action" positions and exemptive orders from such federal and state authorities) to permit consummation of the transactions contemplated herein shall have been obtained, except where failure to obtain any such consent, order, or permit would not involve a risk of a material adverse effect on the assets or properties of the Acquiring Fund or the Acquired Fund, provided that either party hereto may waive any such conditions for itself. 8.4 The parties shall have received an opinion of Reed Smith LLP substantially to the effect that for federal income tax purposes: a) The transfer of all of the Acquired Fund's assets to the Acquiring Fund solely in exchange for Acquiring Fund Shares (followed by the distribution of Acquiring Fund Shares to the Acquired Fund Shareholders in dissolution and liquidation of the Acquired Fund) will constitute a "reorganization" within the meaning of Section 368(a) of the Code, and the Acquiring Fund and the Acquired Fund will each be a "party to a reorganization" within the meaning of Section 368(b) of the Code. b) No gain or loss will be recognized by the Acquiring Fund upon the receipt of the assets of the Acquired Fund solely in exchange for Acquiring Fund Shares. c) No gain or loss will be recognized by the Acquired Fund upon the transfer of the Acquired Fund's assets to the Acquiring Fund solely in exchange for Acquiring Fund Shares or upon the distribution (whether actual or constructive) of Acquiring Fund Shares to Acquired Fund Shareholders in exchange for their Acquired Fund Shares. d) No gain or loss will be recognized by any Acquired Fund Shareholder upon the exchange of its Acquired Fund Shares for Acquiring Fund Shares. e) The aggregate tax basis of the Acquiring Fund Shares received by each Acquired Fund Shareholder pursuant to the Reorganization will be the same as the aggregate tax basis of the Acquired Fund Shares held by it immediately prior to the Reorganization. The holding period of the Acquiring Fund Shares received by each Acquired Fund Shareholder will include the period during which the Acquired Fund Shares exchanged therefore were held by such shareholder, provided the Acquired Fund Shares are held as capital assets at the time of the Reorganization. f) The tax basis of the Acquired Fund's assets acquired by the Acquiring Fund will be the same as the tax basis of such assets to the Acquired Fund immediately prior to the Reorganization. The holding period of the assets of the Acquired Fund in the hands of the Acquiring Fund will include the period during which those assets were held by the Acquired Fund. Such opinion shall be based on customary assumptions and such representations Reed Smith LLP may reasonably request, and the Acquired Fund and Acquiring Fund will cooperate to make and certify the accuracy of such representations. The foregoing opinion may state that no opinion is expressed as to the effect of the Reorganization on the Acquiring Fund, the Acquired Fund or any Acquired Fund Shareholder with respect to any asset as to which unrealized gain or loss is required to be recognized for federal income tax purposes at the end of a taxable year (or on the termination or transfer thereof) under a mark-to-market system of accounting. Notwithstanding anything herein to the contrary, neither the Acquiring Fund nor the Acquired Fund may waive the conditions set forth in this paragraph 8.4. ARTICLE IX EXPENSES As soon as practical after the Closing, American Century Investment Management, Inc., as advisor to the Acquiring Fund shall bear the expenses associated with the Reorganization. The Acquiring Fund shall bear expenses associated with the qualification of Acquiring Fund Shares for sale in the various states. Reorganization expenses include, without limitation: (a)-accounting fees; (b) legal fees incurred by each Fund; and (c)-other related administrative or operational costs. ARTICLE X ENTIRE AGREEMENT; SURVIVAL OF WARRANTIES 10.1 The Trust, on behalf of the Acquiring Fund, and the Trust, on behalf of the Acquired Fund, agree that neither party has made to the other party any representation, warranty and/or covenant not set forth herein, and that this Agreement constitutes the entire agreement between the parties. 10.2 Except as specified in the next sentence set forth in this paragraph 10.2, the representations, warranties, and covenants contained in this Agreement or in any document delivered pursuant to or in connection with this Agreement, shall not survive the consummation of the transactions contemplated hereunder. The covenants to be performed after the Closing Date shall continue in effect beyond the consummation of the transactions contemplated hereunder. ARTICLE X I TERMINATION This Agreement may be terminated by the mutual agreement of the Trust and the Trust. In addition, the Trust may at its option terminate this Agreement at or before the Closing Date due to: a) a breach by the other of any representation, warranty, or agreement contained herein to be performed at or before the Closing Date, if not cured within 30 days; b) a condition herein expressed to be precedent to the obligations of the terminating party that has not been met and it reasonably appears that it will not or cannot be met; or c) a determination by the Trust's Board of Trustees, that the consummation of the transactions contemplated herein is not in the best interest of the Acquired Fund or Acquiring Fund, respectively, and notice given to the other party hereto. In the event of any such termination, in the absence of willful default, there shall be no liability for damages on the part of the Acquiring Fund, the Acquired Fund, or the Trust, or their respective directors or officers, to the other party or its directors or officers. ARTICLE XI I AMENDMENTS This Agreement may be amended, modified, or supplemented in such manner as may be mutually agreed upon in writing by the officers of the Trust as specifically authorized by the Board of Trustees. ARTICLE XII I HEADINGS; COUNTERPARTS; GOVERNING LAW; ASSIGNMENT; LIMITATION OF LIABILITY 13.1 The Article and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 13.2 This Agreement may be executed in any number of counterparts, each of which shall be deemed an original. 13.3 This Agreement shall be governed by and construed in accordance with the laws of the State of Missouri, without regard to the conflict of laws rules of that or any other jurisdiction. 13.4 This Agreement shall bind and inure to the benefit of the parties hereto and their respective successors and assigns, but, except as provided in this paragraph, no assignment or transfer hereof or of any rights or obligations hereunder shall be made by any party without the written consent of the other party. Nothing herein expressed or implied is intended or shall be construed to confer upon or give any person, firm, or corporation, other than the parties hereto and their respective successors and assigns, any rights or remedies under or by reason of this Agreement. IN WITNESS WHEREOF, the parties have duly executed this Agreement, all as of the date first written above. AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS on behalf of its portfolio, CALIFORNIA LIMITED-TERM TAX-FREE FUND By: /s/ Charles A. Etherington Name: Charles A. Etherington Title: Senior Vice President AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS on behalf of its portfolio, CALIFORNIA TAX-FREE BOND FUND By: /s/ David H. Reinmiller Name: David H. Reinmiller Title: Vice President
EX-99.77Q3 8 exhibit77q3.txt EXHIBIT 77Q3- ADDITIONAL INFORMATION Exhibit 99.77Q3 Registrant Name: American Century California Tax-Free and Municipal Funds File Number 811-03706 Registrant CIK Number: 0000717316 The electronic format for filing FORM N-SAR does not provide adequate space for responding fully to Items 15, 72DD, 73A, 74U and 74V. The complete answers are as follows: Item 15 Custodian: Sub-Custodian: J.P. Morgan Chase & Company See Attachment A Attachment A a.Foreign Subcustodians: Country Foreign Subcustodian ARGENTINA HSBC Bank Argentina S.A. HSBC Bank Argentina S.A. Florida 201, 7th Floor Buenos Aires 1005 Buenos Aires ARGENTINA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ AUSTRALIA JPMorgan Chase Bank** Australia and New Zealand Banking Group Ltd. Level 37 Melbourne AAP Center 259, George Street Sydney NSW 2000 AUSTRALIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ AUSTRIA Bank Austria Creditanstalt AG J.P. Morgan AG Julius Tandler Platz - 3 Frankfurt A-1090 Vienna AUSTRIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ BAHRAIN HSBC Bank Middle East Limited National Bank of Bahrain PO Box 57 Manama Manama, 304 BAHRAIN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ BANGLADESH Standard Chartered Bank Standard Chartered Bank 18-20 Motijheel C.A Dhaka Box 536 Dhaka-1000 BANGLADESH - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ BELGIUM Fortis Bank (Nederland) N.V. J.P. Morgan AG Rokin 55 Frankfurt 1012KK Amsterdam THE NETHERLANDS - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ BERMUDA The Bank of Bermuda Limited The Bank of Bermuda Limited 6 Front Street Hamilton Hamilton HMDX BERMUDA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ BOTSWANA Barclays Bank of Botswana Limited Barclays Bank of Botswana Limited Barclays House, Khama Crescent Gaborone Gaborone BOTSWANA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ BRAZIL Citibank, N.A. Citibank, N.A. Avenida Paulista, 1111 Sao Paulo Sao Paulo, SP 01311-920 BRAZIL - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ BULGARIA ING Bank N.V. ING Bank N.V. Sofia Branch Sofia 12 Emil Bersinski Street Ivan Vazov Region 1408 Sofia BULGARIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ CANADA Canadian Imperial Bank of Commerce Royal Bank of Canada Commerce Court West Toronto Security Level Toronto, Ontario M5L 1G9 CANADA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ Royal Bank of Canada Royal Bank of Canada 200 Bay Street, Suite 1500 Toronto 15th Floor Royal Bank Plaza, North Tower Toronto Ontario M5J 2J5 CANADA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ CHILE Citibank, N.A. Citibank, N.A Av. Andres Bello 2687 5th Floor Santiago Las Condes Santiago CHILE - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ CHINA - SHANGHAI The Hongkong and Shanghai Banking JPMorgan Chase Bank Corporation Limited New York (for B-Share Market) 35/F, HSBC Tower 101 Yin Cheng East Road The Hongkong and Shanghai Banking Pudong Corporation Limited Shanghai 200120 Shanghai (for A-Share Market) THE PEOPLE'S REPUBLIC OF CHINA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ CHINA - SHENZHEN The Hongkong and Shanghai Banking JPMorgan Chase Bank Corporation Limited Hong Kong (for B-Share Market) 35/F, HSBC Tower 101 Yin Cheng East Road The Hongkong and Shanghai Banking Pudong Corporation Limited Shanghai 200120 Shanghai (for A-Share Market) THE PEOPLE'S REPUBLIC OF CHINA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ COLOMBIA Cititrust Colombia S.A. Cititrust Colombia S.A. Sociedad Fiduciaria Sociedad Fiduciaria Santa Fe de Bogota Carrera 9a No 99-02 First Floor Santa Fe de Bogota, D.C. COLOMBIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ CROATIA Privredna banka Zagreb d.d. Privredna banka Zagreb d.d. Savska c.28 Zagreb 10000 Zagreb CROATIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ CYPRUS The Cyprus Popular Bank Ltd. The Cyprus Popular Bank Ltd. 154 Limassol Avenue Nicosia P.O. Box 22032 CY-1598 Nicosia CYPRUS - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ CZECH REPUBLIC HVB Bank Czech Republic a.s. Ceskoslovenska obchodni banka, a.s. Revolucni 7 Prague 110 05 Prague 1 CZECH REPUBLIC - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ DENMARK Danske Bank A/S Nordea Bank Danmark A/S 2-12 Holmens Kanal Copenhagen DK 1092 Copenhagen K DENMARK - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ EGYPT Citibank, N.A. Citibank, N.A. 4 Ahmed Pasha Street Cairo Garden City Cairo EGYPT - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ESTONIA Hansabank Esti Uhispank Liivalaia 8 Tallinn EE0001 Tallinn ESTONIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ FINLAND Nordea Bank Finland Plc J.P. Morgan AG 2598 Custody Services Frankfurt Aleksis Kiven Katu 3-5 FIN-00020 MERITA, Helsinki FINLAND - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ FRANCE BNP Paribas Securities Services S.A. J.P. Morgan AG Ref 256 Frankfurt BP 141 3, Rue D'Antin 75078 Paris Cedex 02 FRANCE - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ Societe Generale J.P. Morgan AG 50 Boulevard Haussman Frankfurt 75009 Paris FRANCE - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ GERMANY Dresdner Bank AG J.P. Morgan AG Juergen-Ponto-Platz 1 Frankfurt 60284 Frankfurt/Main GERMANY - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ GHANA Barclays Bank of Ghana Limited Barclays Bank of Ghana Limited Barclays House, High Street Accra Accra GHANA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ GREECE HSBC Bank plc J.P. Morgan AG Messogion 109-111 Frankfurt 11526 Athens GREECE - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ HONG KONG The Hongkong and Shanghai Banking JPMorgan Chase Bank Corporation Limited Hong Kong 36th Floor, Sun Hung Kai Centre 30 Harbour Road Wan Chai HONG KONG - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ HUNGARY Citibank Rt. ING Bank Rt. Szabadsag ter 7-9 Budapest H-1051 Budapest V HUNGARY - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ICELAND Islandsbanki-FBA Islandsbanki-FBA Kirkjusandur 2 Reykjavik 155 Reykjavik ICELAND - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ INDIA The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking Corporation Limited Corporation Limited Sudam Kalu Ahire Marg, Mumbai Worli Mumbai 400 030 INDIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ Standard Chartered Bank Standard Chartered Bank 23-25 Mahatma Ghandi Road Mumbai Mumbai 400 001 INDIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ INDONESIA The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking Corporation Limited Corporation Limited World Trade Center 4th Floor Jakarta Jalan Jendral Sudirman Kav. 29-31 Jakarta 12920 INDONESIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ IRELAND Bank of Ireland J.P. Morgan AG International Financial Services Centre Frankfurt 1 Harbourmaster Place Dublin 1 IRELAND - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ISRAEL Bank Leumi le-Israel B.M. Bank Leumi le-Israel B.M. 35, Yehuda Halevi Street Tel Aviv 61000 Tel Aviv ISRAEL - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ITALY Banca Intesa Spa J.P. Morgan AG 6, Piazza della Scala Frankfurt 20121 Milan ITALY - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ IVORY COAST Societe Generale de Banques en Cote d'Ivoire Societe Generale 5 et 7, Avenue J. Anoma - 01 B.P. 1355 Paris Abidjan 01 IVORY COAST - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ *JAMAICA* FirstCaribbean International Securities FirstCaribbean International Securities Limited Limited 23-27 Knutsford Blvd. Kingston Kingston 10 JAMAICA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ JAPAN Mizuho Corporate Bank, Limited JPMorgan Chase Bank 6-7 Nihonbashi-Kabutocho Tokyo Chuo-Ku Tokyo 103 JAPAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ The Bank of Tokyo-Mitsubishi, Limited JPMorgan Chase Bank 3-2 Nihombashi Hongkucho 1-chome Tokyo Chuo-ku Tokyo 103 JAPAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ JORDAN Arab Bank Plc Arab Bank Plc P O Box 950544-5 Amman Amman Shmeisani JORDAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ KAZAKHSTAN SB JSC HSBC Bank Kazakhstan SB JSC HSBC Bank Kazakhstan 43 Dostyk Avenue Almaty 480100 Almaty KAZAKHSTAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ KENYA Barclays Bank of Kenya Limited Barclays Bank of Kenya Limited c/o Barclaytrust Investment Services & Nairobi Limited Mezzanine 3, Barclays Plaza, Loita Street Nairobi KENYA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ LATVIA Hansabanka Hansabanka Kalku iela 26 Riga Riga, LV 1050 LATVIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ LEBANON HSBC Bank Middle East Limited JPMorgan Chase Bank HSBC Main Building New York Riad El Solh, P.O. Box 11-1380 1107-2080 Beirut LEBANON - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ LITHUANIA Vilniaus Bankas AB Vilniaus Bankas AB 12 Gedimino pr. Vilnius LT 2600 Vilnius LITHUANIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ LUXEMBOURG Banque Generale du Luxembourg S.A. J.P. Morgan AG 50 Avenue J.F. Kennedy Frankfurt L-2951 LUXEMBOURG - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ MALAYSIA HSBC Bank Malaysia Berhad HSBC Bank Malaysia Berhad 2 Leboh Ampang Kuala Lumpur 50100 Kuala Lumpur MALAYSIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ MALTA HSBC Bank Malta p.l.c. HSBC Bank Malta p.l.c. 233 Republic Street Valletta Valletta VLT 05 MALTA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ MAURITIUS The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking Corporation Limited Corporation Limited 5/F Les Cascades Building Port Louis Edith Cavell Street Port Louis MAURITIUS - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ MEXICO Banco Nacional de Mexico, S.A. BBVA Bancomer, S.A. Act. Roberto Medellin No. 800 3er Piso Norte Mexico, D.F. Colonia Santa Fe 01210 Mexico, D.F. MEXICO - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ MOROCCO Banque Commerciale du Maroc S.A. Banque Commerciale du Maroc S.A. 2 Boulevard Moulay Youssef Casablanca Casablanca 20000 MOROCCO - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ NAMIBIA Standard Bank Namibia Limited Standard Bank of Namibia Limited Mutual Platz Windhoek Cnr. Stroebel and Post Streets P.O.Box 3327 Windhoek NAMIBIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ NETHERLANDS KAS Bank N.V. J.P. Morgan AG Spuistraat 172 Frankfurt 1012 VT Amsterdam NETHERLANDS - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ NEW ZEALAND National Australia Bank Limited Westpac Banking Corporation National Nominees Limited Wellington Level 2 BNZ Tower 125 Queen Street Auckland NEW ZEALAND - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ *NIGERIA* Stanbic Bank Nigeria Limited The Standard Bank of South Africa Limited Plot 688 Johannesburg Amodu Tijani Street Victoria Island Lagos NIGERIA - ------------------------------------------------------------------------------------------------------------------------- - ------------------------ ----------------------------------------------- ------------------------------------------------ NORWAY DnB NOR Bank ASA Nordea Bank Norge ASA Stranden 21 Oslo PO Box 1171 Sentrum N-0107 Oslo NORWAY - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ OMAN HSBC Bank Middle East Limited Oman Arab Bank Bait Al Falaj Main Office Muscat Ruwi, Muscat PC 112 OMAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ PAKISTAN Citibank, N.A. Citibank, N.A. AWT Plaza Karachi I.I. Chundrigar Road Karachi 74200 PAKISTAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ Deutsche Bank AG Deutsche Bank AG Unitowers Karachi I.I. Chundrigar Road Karachi 74200 PAKISTAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ Standard Chartered Bank Standard Chartered Bank Box 4896 Karachi Ismail Ibrahim Chundrigar Road Karachi 74000 PAKISTAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ PERU Citibank del Peru S.A. Banco de Credito del Peru Camino Real 457 Lima Torre Real - 5th Floor San Isidro, Lima 27 PERU - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ PHILIPPINES The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking Corporation Limited Corporation Limited 30/F Discovery Suites Manila 25 ADB Avenue Ortigas Center Pasig City, Manila PHILIPPINES - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ POLAND Bank Handlowy w. Warszawie S.A. Bank Rozwoju Eksportu S.A. ul. Senatorska 16 Warsaw 00-923 Warsaw 55 POLAND - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ PORTUGAL Banco Espirito Santo, S.A J.P. Morgan AG 7th floor Frankfurt Rua Castilho, 26 1250-069 Lisbon PORTUGAL - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ROMANIA ING Bank N.V. ING Bank N.V. 13-15 Kiseleff Avenue Bucharest 71268 Bucharest 1 ROMANIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ *RUSSIA* J.P. Morgan Bank International** JPMorgan Chase Bank (Limited Liability Company) New York Building 2/1, 8th floor A/C JPMorgan Chase Bank London (USD NOSTRO Paveletskaya Square Account) 113054 Moscow RUSSIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ING Bank (Eurasia) ZAO JPMorgan Chase Bank (Closed Joint Stock Company) New York 31 Krasnaya Presnya A/C JPMorgan Chase Bank London (USD NOSTRO 123022 Moscow Account) RUSSIA - ------------------------------------------------------------------------------------------------------------------------- - ------------------------ ----------------------------------------------- ------------------------------------------------ SINGAPORE Standard Chartered Bank Oversea-Chinese Banking Corporation 3/F, 6 Battery Road Singapore 049909 SINGAPORE - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SLOVAK REPUBLIC HVB Bank Slovakia a.s. Vseobecno Uverova Banka S.A. Mostova 6 Bratislava SK-814 16 Bratislava SLOVAK REPUBLIC - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SLOVENIA Bank Austria Creditanstalt d.d. Ljubljana Bank Austria Creditanstalt d.d. Ljubljana Wolfova 1 Ljubljana SI-1000 Ljubljana SLOVENIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SOUTH AFRICA The Standard Bank of South Africa Limited The Standard Bank of South Africa Limited Standard Bank Centre Johannesburg 1st Floor 5 Simmonds Street Johannesburg 2001 SOUTH AFRICA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SOUTH KOREA Standard Chartered Bank Standard Chartered Bank 22/F, Seoul Finance Centre Building Seoul 84 Taepyeongno 1-ga, Jung gu Seoul 100-101 SOUTH KOREA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SPAIN Santander Central Hispano Investment, S.A. J.P. Morgan AG Edificio 4 Planta 2 Frankfurt Carretera de Barcelona km 11,700 28022 Madrid SPAIN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SRI LANKA The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking Corporation Limited Corporation Limited 24 Sir Baron Jayatillaka Mawatha Colombo Colombo 1 SRI LANKA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SWEDEN Skandinaviska Enskilda Banken Svenska Handelsbanken Sergels Torg 2 Stockholm SE-106 40 Stockholm SWEDEN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ SWITZERLAND UBS AG UBS AG 45 Bahnhofstrasse Zurich 8021 Zurich SWITZERLAND - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ TAIWAN JPMorgan Chase Bank** JPMorgan Chase Bank 8th Floor, Cathay Xin Yi Trading Building Taipei No. 108, Section 5, Hsin Yi Road Taipei 110 TAIWAN - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ THAILAND Standard Chartered Bank Standard Chartered Bank 14th Floor, Zone B Bangkok Sathorn Nakorn Tower 100 North Sathorn Road Bangrak Bangkok 10500 THAILAND - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ TUNISIA Banque Internationale Arabe de Tunisie, S.A. Banque Internationale Arabe de Tunisie, S.A. 70-72 Avenue Habib Bourguiba Tunis P.O. Box 520 1080 Tunis Cedex TUNISIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ TURKEY Citibank A.S. JPMorgan Chase Bank Turkiye Main Branch Istanbul Buyukdere Cad. No:100 80280 Esentepe Istanbul TURKEY - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ *UKRAINE* ING Bank Ukraine JPMorgan Chase Bank 28 Kominterna Street New York 5th Floor A/C JPMorgan Chase Bank London (USD NOSTRO Kiev, 252032 Account) UKRAINE - ------------------------------------------------------------------------------------------------------------------------- - ------------------------ ----------------------------------------------- ------------------------------------------------ U.A.E. HSBC Bank Middle East Limited The National Bank of Abu Dhabi P.O. Box 66 Abu Dhabi Dubai UNITED ARAB EMIRATES - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ U.K. JPMorgan Chase Bank** National Westminster Bank Crosby Court London Ground Floor 38 Bishopsgate London EC2N 4AJ UNITED KINGDOM - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ Bank One, N.A. Varies by currency The Depository and Clearing Centre 1 Triton Square London NW1 3FN UNITED KINGDOM - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ URUGUAY BankBoston, N.A. BankBoston, N.A Zabala 1463 Montevideo. Montevideo URUGUAY - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ U.S.A. JPMorgan Chase Bank** JPMorgan Chase Bank 4 New York Plaza New York New York NY 10004 U.S.A. - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ VENEZUELA Citibank, N.A. Citibank, N.A. Centro Comercial El Recreo Caracas Torre Norte, Piso 20 Avda. Casanora, Sabana Grande Caracas 1050 D.C. VENEZUELA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ VIETNAM The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking Corporation Limited Corporation Limited 75 Pham Hong Thai, District 1 Ho Chi Minh City Ho Chi Minh City VIETNAM - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ZAMBIA Barclays Bank of Zambia Limited Barclays Bank of Zambia Limited Kafue House, Cairo Road Lusaka Lusaka ZAMBIA - ------------------------ ----------------------------------------------- ------------------------------------------------ - ------------------------ ----------------------------------------------- ------------------------------------------------ ZIMBABWE Barclays Bank of Zimbabwe Limited Barclays Bank of Zimbabwe Limited 2nd Floor, 3 Anchor House Harare Jason Mayo Avenue Harare ZIMBABWE - ------------------------ ----------------------------------------------- ------------------------------------------------ Series Number: 5 For the six months ended 08/31/2007 72DD). 1. Total income dividends for which record date passed during the period Investor Class 20,886 2. Dividends for a second class of open-end company shares A Class 5,360 B Class 50 C Class 1,393 73A) 1. Dividends from net investment income Investor Class $0.4845 2. Dividends for a second class of open-end company shares A Class $0.4588 B Class $0.3813 C Class $0.3813 74U). 1. Number of shares outstanding (000's omitted) Investor Class 47,212 2. Number of shares outstanding of a second class of open-end company shares (000's omitted) A Class 14,878 B Class 147 C Class 4,254 74V). 1. Net asset value per share (to nearest cent) Investor Class $ 9.90 2.Net asset value per share of a second class of open-end company shares (to nearest cent) A Class $ 9.90 B Class $ 9.90 C Class $ 9.90
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