SUB-ITEM 77I

Terms of new or amended securities

(b)(1) California Long-Term Tax-Free and California High-Yield Municipal,
each a series of the Registrant (the trust), began offering Institutional
Class shares during the period, effective 03/01/10.
(2) California Tax-Free Bond, a series of the trust, began offering
Institutional, A and C Class shares during the period, effective 03/01/10.

Each fund is a series of shares issued by the trust, and shares of each
fund have equal voting rights. 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 (i.e.., 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. Shares of each fund have equal voting rights, although each fund votes
separately on matters affecting that fund exclusively.
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 series, all
shares have equal redemption rights. Each share, when issued, is fully
paid and non-assessable.
The A and C Class shares of the funds are made available to participants
in employer-sponsored retirement plans and 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 would otherwise be
performed by the funds’ transfer agent may be performed by a plan sponsor
(or its agents) or by a financial intermediary for A Class and 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 and C Class Plans.
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 funds’ 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 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 for the services
described below. 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
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 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 or C Class shares;
    (c)  paying and compensating 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 funds pursuant to the
terms of the agreement between the corporation and the funds’ 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 be affected by 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. Those charges are retained by
the financial intermediary and are not shared with American Century
Investments or the funds.
    The funds have authorized certain financial intermediaries to
accept orders on the funds’ behalf. American Century has selling
agreements with these financial 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
financial intermediary on the funds’ 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 selling agreement, they will be priced at the net asset value next
determined after your request is received in the form required by the
intermediary.
    Unless otherwise specified below, the minimum initial investment
amount to open an account is $2,500. 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 or employer-sponsored retirement plans, but financial
intermediaries may require their clients to meet different subsequent
purchase requirements.
    The Institutional Class shares are made available for purchase by
individuals and large institutional shareholders such as bank trust
departments, corporations, retirement plans, endowments, foundations
and financial advisors that meet the fund’s minimum investment
requirements. Institutional Class shares are not available for purchase
by insurance companies for variable annuity and variable life products.
    The minimum initial investment amount for Institutional Class shares
is $5 million ($3 million for endowments and foundations) per fund.
If you invest with us through a financial intermediary, this requirement
may be met if your financial intermediary aggregates your investments
with those of other clients into a single group, or omnibus, account
that meets the minimum. The minimum investment requirement may be waived
if you, or your financial intermediary if you invest through an omnibus
account, have an aggregate investment in our family of funds of $10 million
or more ($5 million for endowments and foundations), or in other situations
as determined by American Century Investments. In addition, financial
intermediaries or plan recordkeepers may require retirement plans
to meet certain other conditions, such as plan size or a minimum level
of assets per participant, in order to be eligible to purchase Institutional
Class shares.
    If you sell C, or in certain cases, A Class shares, you may pay a sales
charge, depending on how long you have held your shares.  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 a shareholder
provides us with satisfactory proof that the purchase funds have cleared.
For funds with CheckWriting privileges, we will not honor checks written
against shares subject to this seven-day holding period. 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.  In addition, we reserve the right to honor certain redemptions with
securities, rather than cash.
    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, American Century Investments reserves
the right to redeem the shares in the account and send the proceeds to
your address of record. Prior to doing so, we will notify the shareholder
and give him/her 60 days to meet the minimum. Please note that shares
redeemed in this manner may be subject to a sales charge if held less
than the applicable time period.  The shareholder also may incur tax
liability as a result of the redemption.  For Institutional Class shares,
we reserve the right to convert the shareholder’s shares to Investor Class
shares of the same fund. The Investor Class shares have a unified management
fee that is 0.20% higher than the Institutional Class.
    Within 90 days of a redemption of any A Class shares, you may reinvest
all of the redemption proceeds in A Class shares of any American Century
Investments 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 fund’s 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 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.
    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 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. Each 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.
    We reserve the right to change any stated investment requirement,
including those that relate to purchases, exchanges and redemptions. We
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 we may waive a policy on a case-by-case
basis, as the advisor deems appropriate.