-----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, R8wXkVcdNroPGJKyDrsXw+50PY2Gjux8vs8Yydl9AFCbslzMbN3i6QITyCrtH1/A jXbpmBbOmtaK5yX9G20DSg== 0000717316-08-000032.txt : 20080828 0000717316-08-000032.hdr.sgml : 20080828 20080828130940 ACCESSION NUMBER: 0000717316-08-000032 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080828 DATE AS OF CHANGE: 20080828 EFFECTIVENESS DATE: 20080828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY CALIFORNIA TAX FREE & MUNICIPAL FUNDS CENTRAL INDEX KEY: 0000717316 IRS NUMBER: 946562826 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-82734 FILM NUMBER: 081044662 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 S000005670 CALIFORNIA LONG-TERM TAX-FREE FUND C000015527 INVESTOR CLASS BCLTX C000055489 A CLASS ALTAX C000055490 B CLASS ALQBX C000055491 C CLASS ALTCX 497 1 supp.htm PROSPECTUS SUPPLEMENT PROSPECTUS SUPPLEMENT 
American Century California Tax-Free and Municipal Funds

PROSPECTUS SUPPLEMENT

[american century investments logo and text logo®]

CALIFORNIA HIGH-YIELD MUNICIPAL FUND
CALIFORNIA LONG-TERM TAX-FREE FUND

Supplement dated August 29, 2008 * Prospectus dated January 1, 2008

THE FOLLOWING IS ADDED AS THE SECOND PARAGRAPH UNDER California Long-Term
Tax-Free ON PAGE 17 OF THE PROSPECTUS:

JOSEPH GOTELLI (LEAD PORTFOLIO MANAGER)

Mr. Gotelli, Portfolio Manager, has been a member of the team since he joined
American Century Investments in July 2008 as a portfolio manager. Prior to
joining American Century Investments, he spent six years at Franklin Templeton
Investments as an assistant portfolio manager. He has a bachelor's degree in
business economics from the University of California, Santa Barbara and an MBA
from Santa Clara University.

American Century Investment Services, Inc., Distributor

©2008 American Century Proprietary Holdings, Inc. All rights reserved.

CL-SPL-61920 0808
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