-----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, OlhMYfLjCQtCVsuEYBKl21SkHCHegX4oKQUQ+7XRPrPSsSkpbaeFCkS2bQVfUNLT 5wagHX0RMjHegq8RCaFtxQ== 0000728889-08-002047.txt : 20081231 0000728889-08-002047.hdr.sgml : 20081231 20081231153830 ACCESSION NUMBER: 0000728889-08-002047 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081231 DATE AS OF CHANGE: 20081231 EFFECTIVENESS DATE: 20081231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTENNIAL CALIFORNIA TAX EXEMPT TRUST CENTRAL INDEX KEY: 0000854437 IRS NUMBER: 841121370 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-30471 FILM NUMBER: 081278894 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: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 0000854437 S000004498 CENTENNIAL CALIFORNIA TAX EXEMPT TRUST C000012372 A 497 1 supplementcctet.htm PROSPECTUS SUPPLEMENT

Centennial California Tax Exempt Trust
Supplement dated December 31, 2008 to the
Prospectus dated October 24, 2008

This amends the Prospectus of Centennial California Tax Exempt Trust (the “Trust”) dated October 24, 2008 and is in addition to the supplement dated December 10, 2008:

1.     In the section titled “Fees and Expenses of the Trust” on page 6, the following is added to the end of the first paragraph under the “Annual Trust Operating Expenses”:

The Manager has voluntarily undertaken to waive fees to the extent necessary to assist the Trust in attempting to maintain a positive yield. There is no guarantee that the Trust will maintain a positive yield. That undertaking may be amended or withdrawn at any time.

2.     In the section titled “How the Trust is Managed – Advisory Fees,” on beginning on page 12, the following is added to the end of the first paragraph:

The Manager has voluntarily undertaken to waive fees to the extent necessary to assist the Trust in attempting to maintain a positive yield. There is no guarantee that the Trust will maintain a positive yield. That undertaking may be amended or withdrawn at any time.

December 31, 2008                                                                                                   PS0180.020

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