-----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, VgLtQ7jQULLrO+Y3I0SvbN0AGHoCO5fbHGboDduQOXPVxzznJPBzvX/ijg4AIxyr i6sKCRI15zQN222MBc7szA== 0000728889-09-000339.txt : 20090204 0000728889-09-000339.hdr.sgml : 20090204 20090204170940 ACCESSION NUMBER: 0000728889-09-000339 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090204 DATE AS OF CHANGE: 20090204 EFFECTIVENESS DATE: 20090204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTENNIAL NEW YORK TAX EXEMPT TRUST CENTRAL INDEX KEY: 0000837278 IRS NUMBER: 133481209 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-23494 FILM NUMBER: 09569065 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: 3RD FLOOR CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER NEW YORK TAX EXEMPT CASH RESERVES DATE OF NAME CHANGE: 19900530 0000837278 S000008465 CENTENNIAL NEW YORK TAX EXEMPT TRUST C000023199 A 497 1 sticker.htm SAI SUPPLEMENT

CENTENNIAL CALIFORNIA TAX EXEMPT TRUST

CENTENNIAL NEW YORK TAX EXEMPT TRUST

CENTENNIAL TAX EXEMPT TRUST

Supplement dated February 3, 2009

This supplement amends the Statement of Additional Information of each of the above referenced funds (each a “Fund”) as follows and is in addition to any other supplement(s).

1.     In the section titled “About Your Account – How to Sell Shares,” the following is added after the sub-section titled “Sending Redemption Proceeds by Federal Funds Wire,”

Payments "In Kind." As stated in the Prospectus, payment for redeemed shares is ordinarily made in cash. Under certain circumstances, however, the Board may determine that it would be detrimental to the best interests of the remaining shareholders for the Fund to pay for the redeemed shares in cash. In that case, the Fund may pay the redemption proceeds, in whole or in part, by a distribution "in kind" of liquid securities from the Fund's portfolio. The Fund will value securities used to pay a redemption in kind using the same method described above under "Determination of Net Asset Value Per Share." That valuation will be made as of the time the redemption price is determined. If shares are redeemed in kind, the redeeming shareholder might incur brokerage or other costs in selling the securities for cash.

February 3, 2009                                                              PX000.023

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