supp.htm

0000717316-11-000012.txt : 20110729 0000717316-11-000012.hdr.sgml : 20110729 20110729112545 ACCESSION NUMBER: 0000717316-11-000012 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110729 DATE AS OF CHANGE: 20110729 EFFECTIVENESS DATE: 20110729 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: 11996119 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 S000005671 CALIFORNIA TAX-FREE MONEY MARKET FUND

C000015528 INVESTOR CLASS BCTXX

497 1 supp.htm PROSPECTUS SUPPLEMENT supp.htm

Prospectus Supplement

One Choice Portfolio®: Very Conservative

One Choice Portfolio®: Conservative

One Choice Portfolio®: Moderate

One Choice Portfolio®: Aggressive

One Choice Portfolio®: Very Aggressive

(Prospectus dated December 1, 2010)

California Tax-Free Money Market Fund

(Prospectus dated January 1, 2011)

Tax-Free Money Market Fund

(Prospectus dated October 1, 2010)

Balanced Fund ¡ Giftrust Fund ¡ Veedot Fund

(Prospectuses dated March 1, 2011)

Utilities Fund

(Prospectus dated November 1, 2010)

Supplement dated August 1, 2011

For funds with an Institutional Class, the following is added as the last sentence to the Minimum Initial Investment Amounts (Institutional Class) section.

American Century Investments may permit an intermediary to waive the initial minimum per shareholder as provided in Buying and Selling Fund Shares in the statement of additional information.

The following is added to the end of the Investing Through a Financial Intermediary section.

Moving Between Share Classes and Accounts

You may move your investment between share classes (within the same fund or between different funds) in certain circumstances deemed appropriate by American Century Investments. You also may move investments held in certain accounts to a different type of account if you meet certain criteria. Please contact your financial professional for more information about moving between share classes or account types.

©2011 American Century Proprietary Holdings, Inc. All rights reserved.

CL-SPL-72684 1108

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