-----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, KJJ+QoUDQWEK6naoIEwjjFJ4cBbWC8bx+kBFFKXu0zLjs8xcQRAsITBxknpMt0Kq hAYf7pKHA9Sm0hVpP/GiQA== 0000717316-08-000034.txt : 20080828 0000717316-08-000034.hdr.sgml : 20080828 20080828131809 ACCESSION NUMBER: 0000717316-08-000034 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: 081044715 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 S000005670 CALIFORNIA LONG-TERM TAX-FREE FUND C000015527 INVESTOR CLASS BCLTX C000055489 A CLASS ALTAX C000055490 B CLASS ALQBX C000055491 C CLASS ALTCX 0000717316 S000005671 CALIFORNIA TAX-FREE MONEY MARKET FUND C000015528 INVESTOR CLASS BCTXX 497 1 supp.htm STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT 
American Century California Tax-Free and Municipal Funds

STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT

[american century investments logo and text logo®]

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

Supplement  dated August 29, 2008 * Statement of  Additional  Information  dated
January 1, 2008

THE FOLLOWING IS ADDED TO THE Other Accounts Managed ENTRIES FOR California
Long-Term Tax-Free and California Tax-Free Bond ON PAGE 45 OF THE SAI.

OTHER ACCOUNTS MANAGED (AUGUST 31, 2007)
- ----------------------------------------------------------------------------------
                               REGISTERED                          OTHER ACCOUNTS
                               INVESTMENT         OTHER POOLED     (E.G., SEPARATE
                               COMPANIES          INVESTMENT       ACCOUNTS AND
                               (E.G., OTHER       VEHICLES (E.G.,  CORPORATE
                               AMERICAN           COMMINGLED       ACCOUNTS,
                               CENTURY FUNDS      TRUSTS AND       INCLUDING
                               AND AMERICAN       529              INCUBATION
                               CENTURY -          EDUCATION        STRATEGIES AND
                               SUBADVISED         SAVINGS          CORPORATE
                               FUNDS)             PLANS)           MONEY)
- ----------------------------------------------------------------------------------
California Long-Term Tax-Free
- ----------------------------------------------------------------------------------
Joseph      Number of Other    3                  0                0
Gotelli(1)  Accounts Managed
            ----------------------------------------------------------------------
            Assets in Other    $1,729,842,653     N/A              N/A
            Accounts Managed
- ----------------------------------------------------------------------------------
California Tax-Free Bond
- ----------------------------------------------------------------------------------
Joseph      Number of Other    3                  0                0
Gotelli(1)  Accounts Managed
            ----------------------------------------------------------------------
            Assets in Other    $1,569,188,078     N/A              N/A
            Accounts Managed
- ----------------------------------------------------------------------------------

(1)  MR. GOTELLI BECAME A PORTFOLIO MANAGER ON JULY 9, 2008. INFORMATION IS
     PROVIDED AS OF THAT DATE.

THE FOLLOWING IS ADDED TO THE Ownership of Securities ENTRIES FOR California
Long-Term Tax-Free and California Tax-Free Bond Fund ON PAGE 47 OF THE SAI.

OWNERSHIP OF SECURITIES
- ----------------------------------------------------------------------------------
                                    AGGREGATE DOLLAR RANGE OF SECURITIES IN FUND
- ----------------------------------------------------------------------------------
California Long-Term Tax-Free

          Joseph Gotelli(1)         A
- ----------------------------------------------------------------------------------
California Tax-Free Bond Fund

          Joseph Gotelli(1)         A
- ----------------------------------------------------------------------------------

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

(1)  MR. GOTELLI BECAME A PORTFOLIO MANAGER ON JULY 9, 2008. INFORMATION IS
     PROVIDED AS OF THAT DATE.

American Century Investment Services, Inc., Distributor

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

CL-SPL-61921 0808
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