Exhibit 77I to ACCTFMF 02.29.2008 NSAR

77I.  Terms of New or Amended Securities

Effective 09/28/07, California Long-Term Tax-Free, a series of the Registrant,
began offering A, B and C Classes.

Each fund is a series of shares issued by the trust. In addition, each series (or fund) may be divided
into separate classes. Additional funds and classes may be added without a shareholder vote. Each fund
votes separately on matters affecting that fund exclusively. Voting rights are not cumulative, so that
investors holding more than 50% of the trust's (all funds') outstanding shares may be able to elect a
Board of Trustees. The trust undertakes dollar-based voting, meaning that the number of votes a
shareholder is entitled to is based upon the dollar amount of the shareholder's investment. The election
of trustees is determined by the votes received from all trust shareholders without regard to whether a
majority of shares of any one fund voted in favor of a particular nominee or all nominees as a group.

Each shareholder has rights to dividends and distributions declared by the fund he or she owns and to
the net assets of such fund upon its liquidation or dissolution proportionate to his or her share
ownership interest in the fund.

The assets belonging to each series are held separately by the custodian, and the shares of each series
represent a beneficial interest in the principal, earnings and profit (or losses) of investments and
other assets held for each series. Shareholder rights are the same for all series of securities unless
otherwise stated. Within their respective fund or class, all shares have equal redemption rights. Each
share, when issued, is fully paid and non-assessable.

The A, B and C Classes are made available through financial intermediaries, for purchase by individual
investors who receive advisory and personal services from the intermediary.

The A, B and C Class shares of the funds are also made available to persons purchasing through
broker-dealers, banks, insurance companies and other financial intermediaries that provide various
administrative, shareholder and distribution services. The funds' distributor enters into contracts with
various banks, broker-dealers, insurance companies and other financial intermediaries, with respect to
the sale of the funds' shares and/or the use of the funds' shares in various investment products or in
connection with various financial services.

Certain recordkeeping and administrative services that are provided by the funds' transfer agent for the
Investor Class shareholders may be performed by a plan sponsor (or its agents) or by a financial
intermediary for A Class, B Class, or C Class investors. In addition to such services, the financial
intermediaries provide various individual shareholder and distribution services.

To enable the funds' shares to be made available through such plans and financial intermediaries, and to
compensate them for such services, the funds' Board of Trustees has adopted the A Class Plan, B Class
Plan and C Class Plan.

Pursuant to the A Class Plan, the A Class pays the funds' distributor 0.25% annually of the average
daily net asset value of the A Class shares. The distributor may use these fees to pay for certain
ongoing shareholder and administrative services and for distribution services, including past
distribution services. This payment is fixed at 0.25% and is not based on expenses incurred by the
distributor.

Pursuant to the B Class Plan, the B Class pays the funds' distributor 1.00% annually of the average
daily net asset value of the funds' B Class shares, 0.25% of which is paid for certain ongoing
individual shareholder and administrative services and 0.75% of which is paid for distribution services,
including past distribution services. This payment is fixed at 1.00% and is not based on expenses
incurred by the distributor.

Pursuant to the C Class Plan, the C Class pays the funds' distributor 1.00% annually of the average
daily net asset value of the funds' C Class shares, 0.25% of which is paid for certain ongoing
individual shareholder and administrative services and 0.75% of which is paid for distribution services,
including past distribution services. This payment is fixed at 1.00% and is not based on expenses
incurred by the distributor.

The distributor then makes these payments to the financial intermediaries (including underwriters and
broker-dealers, who may use some of the proceeds to compensate sales personnel) who offer the A Class, B
Class or C Class shares for services. No portion of these payments is used by the distributor to pay for
advertising, printing costs or interest expenses.

Payments may be made for a variety of individual shareholder services, including, but not limited to:

(a)  providing individualized and customized investment advisory services, including the consideration
of shareholder profiles and specific goals;
(b)  creating investment models and asset allocation models for use by shareholders in selecting
appropriate funds;
(c)  conducting proprietary research about investment choices and the market in general;
(d)  periodic rebalancing of shareholder accounts to ensure compliance with the selected asset
allocation;
(e)  consolidating shareholder accounts in one place; and
(f)  other individual services.

Individual shareholder services do not include those activities and expenses that are primarily intended
to result in the sale of additional shares of the funds.

Distribution services include any activity undertaken or expense incurred that is primarily intended to
result in the sale of A Class, B Class or C Class shares, which services may include but are not limited
to:

(a)  paying sales commissions, on-going commissions and other payments to brokers, dealers, financial
institutions or others who sell A Class, B Class or C Class shares pursuant to selling agreements;
(b)  compensating registered representatives or other employees of the distributor who engage in or
support distribution of the funds' A Class, B Class or C Class shares;
(c)  compensating and paying expenses (including overhead and telephone expenses) of the distributor;
(d)  printing prospectuses, statements of additional information and reports for other-than-existing
shareholders;
(e)  preparing, printing and distributing sales literature and advertising materials provided to the
funds' shareholders and prospective shareholders;
(f)  receiving and answering correspondence from prospective shareholders, including distributing
prospectuses, statements of additional information,
and shareholder reports;
(g)  providing facilities to answer questions from prospective shareholders about fund shares;
(h)  complying with federal and state securities laws pertaining to the sale of fund shares;
(i)  assisting shareholders in completing application forms and selecting dividend and other account
options;
(j)  providing other reasonable assistance in connection with the distribution of fund shares;
(k)  organizing and conducting of sales seminars and payments in the form of transactional and
compensation or promotional incentives;
(l)  profit on the foregoing;
(m)  paying service fees for providing personal, continuing services to investors, as contemplated by
the Conduct Rules of the FINRA; and
(n)  such other distribution and services activities as the advisor determines may be paid for by the
fund pursuant to the terms of the agreement between the corporation and the fund's distributor and in
accordance with Rule 12b-1 of the Investment Company Act.
Each shareholder's ability to purchase, exchange, redeem and transfer shares will depend on the policies
of the financial intermediary through which he/she does business. Some policy differences may include
-        minimum investment requirements
-        exchange policies
-        fund choices
-        cutoff time for investments
-        trading restrictions

In addition, a financial intermediary may charge a transaction fee for the purchase or sale of fund
shares.

The fund has authorized certain financial intermediaries to accept orders on the fund's behalf. American
Century has contracts with these intermediaries requiring them to track the time investment orders are
received and to comply with procedures relating to the transmission of orders. Orders must be received
by the intermediary on a fund's behalf before the time the net asset value is determined in order to
receive that day's share price. If those orders are transmitted to American Century and paid for in
accordance with the contract, they will be priced at the net asset value next determined after your
request is received in the form required by the intermediary.

Investment instructions are irrevocable. That means that once a shareholder has mailed or otherwise
transmitted investment instructions, he/she may not modify or cancel it. The fund reserves the right to
suspend the offering of shares for a period of time and to reject any specific investment (including a
purchase by exchange). Additionally, we may refuse a purchase if, in our judgment, it is of a size that
would disrupt the management of the fund.

Unless otherwise specified below, the minimum initial investment amount to open an account is $5,000.
Financial intermediaries may open an account with $250, but may require their clients to meet different
investment minimums. There is a $50 minimum for subsequent purchases. However, there is no subsequent
purchase minimum for financial intermediaries, but financial intermediaries may require their clients to
meet different subsequent purchase requirements.

As of the date of this prospectus the funds are registered for sale only in the following states and
territories: Arizona, California, Colorado, District of Columbia, Florida, Hawaii, New Mexico, Nevada,
New York, Oregon, Texas, Utah, Washington, the Virgin Islands and Guam.  Redemption proceeds will be
calculated using the net asset value (NAV) next determined after we receive a transaction request in
good order.
                  - A fund's net asset value, or NAV, is the price of the fund's shares.

However, we reserve the right to delay delivery of redemption proceeds up to seven days. For example,
each time a shareholder makes an investment with American Century, there is a seven-day holding period
before we will release redemption proceeds from those shares, unless we receive with satisfactory proof
that the purchase funds have cleared.  Investments by wire generally require only a one-day holding
period. If you change your address, we may require that any redemption request made within 15 days be
submitted in writing and be signed by all authorized signers with their signatures guaranteed. If you
change your bank information, we may impose a 15-day holding period before we will transfer or wire
redemption proceeds to your bank. Please remember, if you request redemptions by wire, $10 will be
deducted from the amount redeemed. Your bank also may charge a fee.

If, during any 90-day period, a shareholder redeems fund shares worth more than $250,000 (or 1% of the
value of a fund's assets if that amount is less than $250,000), we reserve the right to pay part or all
of the redemption proceeds in excess of this amount in readily marketable securities instead of in cash.
The portfolio managers would select these securities from the fund's portfolio.

We will value these securities in the same manner as we do in computing the fund's net asset value. We
may provide these securities in lieu of cash without prior notice. Also, if payment is made in
securities, the shareholder may have to pay brokerage or other transaction costs to convert the
securities to cash.

If the redemption would exceed this limit and the shareholder would like to avoid being paid in
securities, please provide us with an unconditional instruction to redeem at least 15 days prior to the
date on which the redemption transaction is to occur. The instruction must specify the dollar amount or
number of shares to be redeemed and the date of the transaction. This minimizes the effect of the
redemption on a fund and its remaining investors.

If the shareholder's account balance falls below the minimum initial investment amount for any reason
other than as a result of market fluctuation, we will notify the shareholder and give him/her 90 days to
meet the minimum. You also may incur tax liability as a result of the redemption.

You may exchange shares of the fund for shares of the same class of another American Century fund
without a sales charge if you meet the following criteria:
*  The exchange is for a minimum of $100
*  For an exchange that opens a new account, the amount of the exchange must meet or exceed the minimum
account size requirement for the fund receiving the exchange

For purposes of computing any applicable CDSC on shares that have been exchanged, the holding period
will begin as of the date of purchase of the original fund owned. Exchanges from a money market fund are
subject to a sales charge on the fund being purchased, unless the money market fund shares were acquired
by exchange from a fund with a sales charge or by reinvestment of dividends or capital gains
distributions.

Within 90 days of a redemption of any B Class shares, you may reinvest all of the redemption proceeds in
A Class shares of any American Century fund at the then-current net asset value without paying an
initial sales charge. At your request, any CDSC you paid on an A Class redemption that you are
reinvesting will be credited to your account. You or your financial professional must notify the funds'
transfer agent in writing at the time of the reinvestment to take advantage of this privilege, and you
may use it only once per account. This privilege applies only if the new account is owned by the
original account owner.

You may exchange C Class shares of a fund for C Class shares of any other American Century fund. You may
not exchange from the C Class to any other class. We will not charge a CDSC on the shares you exchange,
regardless of the length of time you have owned them. When you do redeem shares that have been
exchanged, the CDSC will be based on the date you purchased the original shares.

A signature guarantee - which is different from a notarized signature - is a warranty that the signature
presented is genuine. We may require a signature guarantee for the following transactions.
*  You have chosen to conduct business in writing only and would like to redeem over $100,000.
*  Your redemption or distribution check, Check-A-Month or automatic redemption is made payable to
someone other than the account owners.
*  Your redemption proceeds or distribution amount is sent by EFT (ACH or wire) to a destination other
than your personal bank account.
*  You are transferring ownership of an account over $100,000.
*  You change your address and request a redemption over $100,000 within 15 days.
*  You change your bank information and request a redemption within 15 days.

We reserve the right to require a signature guarantee for other transactions, at  our discretion.

Investment instructions are irrevocable. That means that once you have mailed or otherwise transmitted
your investment instruction, you may not modify or cancel it. The fund reserves the right to suspend the
offering of shares for a period of time and to reject any specific investment (including a purchase by
exchange). Additionally, we may refuse a purchase if, in our judgment, it is of a size that would
disrupt the management of a fund.

American Century reserves the right to change any stated investment requirement, including those that
relate to purchases, exchanges and redemptions.  American Century also may alter, add or discontinue any
service or privilege. Changes may affect all investors or only those in certain classes or groups. In
addition, from time to time American Century may waive a policy on a case-by-case basis, as the advisor
deems appropriate.