American Century California Tax Free & Municipal Funds · NSAR-B · For 8/31/02 · EX-99.77Q1

Filed On 10/29/02 12:00pm ET   ·   SEC File 811-03706   ·   Accession Number 717316-2-33

Annual Report of a Money-Management Company   ·   Form N-SAR
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-B      Acctf&Mf N-Sar 8-31-2002                              29    140K 
 2: EX-99.77B   Acctf&Mf N-Sar 8 31 2002 Accountant's Letter           1     10K 
 3: EX-99.77C   Acctf&Mf Exhibit C                                     1      8K 
 4: EX-99.77D   Acctf&Mf N-Sar Exhibit 77d                             1      6K 
 5: EX-99.77I   Acctf&Mf N-Sar Exhibit 77-I                            2±    12K 
 6: EX-99.77Q1  Acctf&Mf N-Sar Exhibit Q1a                             2±    10K 
 7: EX-99.77Q1  Acctf&Mf N-Sar Exhibit Q1e                             8±    33K 
 8: EX-99.77Q1  Acctf&Mf N-Sar Exhibit 77q1e.1                         7±    25K 
 9: EX-99.77Q3.CERT  Acctf&Mf N-Sar Certification                      3±    18K 
10: EX-99.77Q3.2 ITEM 15  Acctf&Mf N-Sar Exhibit 99.77.Q3.2 Item      10±    43K 
                          15                                                     

EX-99.77Q1   ·   Acctf&Mf N-Sar Exhibit 77q1e.1

Sponsored Ads...

Registrant Name: American Century California Tax-Free & Municipal Funds         

File Number: 811-3706                                                           

Registrant CIK Number:  0000717316                                              

                                  AMENDMENT NO. 3 TO

                                  MANAGEMENT AGREEMENT (C CLASS)

     THIS  AMENDMENT NO. 3 TO  MANAGEMENT  AGREEMENT (C CLASS) is made as of the
1st  day of  July,  2002,  by and  between  each  of the  registered  investment
companies that have executed this Amendment below (the "Companies") and American
Century  Investment  Management,  Inc., a Delaware  corporation (the "Investment
Manager"). Capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Management Agreement (defined below).                   

     WHEREAS,  the  Companies are parties to a certain  Management  Agreement (C
Class) dated September 16, 2000, to be effective May 1, 2001,  amended August 1,
2001, and December 3, 2001 (the "Agreement"); and                               

     WHEREAS,  the  Board  of  Trustees  of  American  Century  Investment  have
determined  that it is in the best  interests  of the Trust to add a new  Series
titled High-Yield Fund; and                                                     

   WHEREAS, the parties desire to amend the Agreement to add the new series;

     NOW,  THEREFORE,  IN  CONSIDERATION  of the mutual  promises and agreements
herein contained, the parties agree as follows:                                 

     1. Exhibits A, B, C and D to the  Agreement are hereby  amended by deleting
the text thereof in their  entirety and  inserting in lieu therefor the Exhibits
A, B, C and D attached hereto.                                                  

     2. After the date hereof,  all references to the Agreement  shall be deemed
to mean the Agreement as amended by this Amendment No. 3.                       

     3. In the event of a conflict  between the terms of this  Amendment and the
Agreement,  it is the intention of the parties that the terms of this  Amendment
shall  control and the  Agreement  shall be  interpreted  on that basis.  To the
extent the provisions of the Agreement have not been amended by this  Amendment,
the parties hereby confirm and ratify the Agreement.                            

     4. Except as expressly supplemented, amended or consented to hereby, all of
the  representations,   warranties,  terms,  covenants  and  conditions  of  the
Agreement  shall  remain  unamended  and shall  continue to be in full force and
effect.                                                                         

     IN WITNESS  WHEREOF,  the parties have caused this Amendment to be executed
by their respective duly authorized  officers as of the day and year first above
written.                                                                        

                AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
                                AMERICAN CENTURY GOVERNMENT INCOME TRUST
                         AMERICAN CENTURY INVESTMENT TRUST
                        AMERICAN CENTURY MUNICIPAL TRUST
                                  AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
                                AMERICAN CENTURY TARGET MATURITIES TRUST

                           By:  ______________________________
                     Name:  Charles A. Etherington
                     Title: Vice President of each

                               Attest:  ______________________________
           Name: Janet A. Nash
                           Title:  Assistant Secretary of each

                   AMERICAN CENTURY INVESTMENT
        MANAGEMENT, INC.

                           By:  ______________________________
              Name:  David C. Tucker
                       Title:    Senior Vice President

                               Attest:  ______________________________
            Name:  Janet A. Nash
                    Title:   Assistant Secretary

Exhibit A   

             Registered Investment Companies Subject to Management Agreement

                                                                [Download Table]
                                                                                    
Registered Investment Company and Funds                                 Date        

American Century California Tax-Free and Municipal Funds                            
         California High-Yield Municipal Fund                           May 1, 2001 
         California Insured Tax-Free Fund                               May 1, 2001 
         California Intermediate-Term Tax-Free Fund                     May 1, 2001 
         California Long-Term Tax-Free Fund                             May 1, 2001 

American Century Government Income Trust                                            
         Ginnie Mae Fund (formerly GNMA Fund)                           May 1, 2001 

American Century Investment Trust                                                   
         Prime Money Market Fund                                        May 1, 2001 
         High-Yield Fund                                                July 1, 2002

American Century Municipal Trust                                                    
         Arizona Municipal Bond Fund (formerly Arizona                  May 1, 2001 
         Intermediate-Term Municipal Fund)                                          
         Florida Municipal Bond Fund (formerly Florida                  May 1, 2001 
         Intermediate-Term Municipal Fund)                                          
         Tax-Free Bond Fund (formerly Intermediate-Term Tax-Free Fund)  May 1, 2001 
         High-Yield Municipal Fund                                      May 1, 2001 

American Century Quantitative Equity Funds                                          
         Equity Growth Fund                                             May 1, 2001 
         Income & Growth Fund                                           May 1, 2001 

American Century Target Maturities Trust                                            
         Target 2030 Fund                                               May 1, 2001 


Dated:  July 1, 2002                                                            

                                   Exhibit B

                                  Series Investment Categories

                                                                [Download Table]
                                                                                  
Investment Category  Series                                                       

Bond Funds           Arizona Muncipal Bond Fund (formerly Arizona Intermediate-   
                     Term Municipal Fund)                                         
                     California High-Yield Municipal Fund                         
                     California Insured Tax-Free Fund                             
                     California Intermediate-Term Tax-Free Fund                   
                     California Long-Term Tax-Free Fund                           
                     Florida Municipal Bond Fund (formerly Florida                
                     Intermediate-Term Municipal Fund)                            
                     Ginnie Mae Fund (formerly GNMA Fund)                         
                     High-Yield Municipal Fund                                    
                     Tax-Free Bond Fund (formerly Intermediate-Term Tax-Free Fund)
                     Target 2030 Fund                                             
                     High-Yield Fund                                              

Investment Category  Series                                                       

Equity Funds         Equity Growth Fund                                           
                     Income & Growth Fund                                         

Investment Category  Series                                                       

Money Market Funds   Prime Money Market Fund                                      


Dated:  July 1, 2002                                                            

Exhibit C 

   Investment Category Fee Schedules: Money Market Funds

       Schedule 1 Funds:
    none

                 Category Assets                    Fee Rate
                First $1 billion                   0.2500%
                Next $1 billion                    0.2070%
                Next $3 billion                    0.1660%
                Next $5 billion                    0.1490%
                Next $15 billion                   0.1380%
                Next $25 billion                   0.1375%
                Thereafter                         0.1370%

                                   Schedule 2 Funds:
                                  none

                 Category Assets                    Fee Rate
                First $1 billion                   0.2700%
                Next $1 billion                    0.2270%
                Next $3 billion                    0.1860%
                Next $5 billion                    0.1690%
                Next $15 billion                   0.1580%
                Next $25 billion                   0.1575%
                Thereafter                         0.1570%

                                   Schedule 3 Funds:
                                   Prime Money Market Fund

                 Category Assets                    Fee Rate
                First $1 billion                   0.3700%
                Next $1 billion                    0.3270%
                Next $3 billion                    0.2860%
                Next $5 billion                    0.2690%
                Next $15 billion                   0.2580%
                Next $25 billion                   0.2575%
                Thereafter                         0.2570%

                                   Schedule 4 Funds:
                                  none

                 Category Assets                    Fee Rate
                First $1 billion                   0.2300%
                Next $1 billion                    0.1870%
                Next $3 billion                    0.1460%
                Next $5 billion                    0.1290%
                Next $15 billion                   0.1180%
                Next $25 billion                   0.1175%
                Thereafter                         0.1170%

                                  Category Fee Schedules: Bond Funds

                                   Schedule 1 Funds:
                                  California Intermediate-Term Tax-Free Fund
                                  California Long-Term Tax-Free Fund
                                  California Insured Tax-Free Fund
 Arizona Municipal Bond Fund (formerly Arizona Intermediate-Term Municipal Fund)
 Florida Municipal Bond Fund (formerly Florida Intermediate-Term Municipal Fund)
                   Tax-Free Bond Fund (formerly Intermediate-Term Tax-Free Fund)

                 Category Assets                    Fee Rate
                First $1 billion                   0.2800%
                Next $1 billion                    0.2280%
                Next $3 billion                    0.1980%
                Next $5 billion                    0.1780%
                Next $15 billion                   0.1650%
                Next $25 billion                   0.1630%
                Thereafter                         0.1625%

                                   Schedule 2 Funds:
                                  California High-Yield Municipal Fund

                 Category Assets                    Fee Rate
                First $1 billion                   0.3100%
                Next $1 billion                    0.2580%
                Next $3 billion                    0.2280%
                Next $5 billion                    0.2080%
                Next $15 billion                   0.1950%
                Next $25 billion                   0.1930%
                Thereafter                         0.1925%

                                  Category Fee Schedules: Bond Funds
                                   (continued)

                                   Schedule 3 Funds:
                                  Ginnie Mae Fund (formerly GNMA Fund)
                                  Target 2030 Fund

                 Category Assets                    Fee Rate
                First $1 billion                   0.3600%
                Next $1 billion                    0.3080%
                Next $3 billion                    0.2780%
                Next $5 billion                    0.2580%
                Next $15 billion                   0.2450%
                Next $25 billion                   0.2430%
                Thereafter                         0.2425%

                                   Schedule 4 Funds:
                                  none

                 Category Assets                    Fee Rate
                First $1 billion                   0.6100%
                Next $1 billion                    0.5580%
                Next $3 billion                    0.5280%
                Next $5 billion                    0.5080%
                Next $15 billion                   0.4950%
                Next $25 billion                   0.4930%
                Thereafter                         0.4925%

                                  Category Fee Schedules: Bond Funds (continued)

                                   Schedule 5 Funds:
                                   High-Yield Municipal Fund

                 Category Assets                    Fee Rate
                First $1 billion                   0.4100%
                Next $1 billion                    0.3580%
                Next $3 billion                    0.3280%
                Next $5 billion                    0.3080%
                Next $15 billion                   0.2950%
                Next $25 billion                   0.2930%
                Thereafter                         0.2925%

                                   Schedule 6 Funds:
                                   High-Yield Fund

                 Category Assets                    Fee Rate
                First $1 billion                   0.6600%
                Next $1 billion                    0.6080%
                Next $3 billion                    0.5780%
                Next $5 billion                    0.5580%
                Next $15 billion                   0.5450%
                Next $25 billion                   0.5430%
                Thereafter                         0.5425%

                                  Category Fee Schedules: Equity Funds

                                   Schedule 1 Funds:
                                  Equity Growth Fund
                                  Income & Growth Fund

                 Category Assets                    Fee Rate
                First $1 billion                   0.5200%
                Next $5 billion                    0.4600%
                Next $15 billion                   0.4160%
                Next $25 billion                   0.3690%
                Next $50 billion                   0.3420%
                Next $150 billion                  0.3390%
                Thereafter                         0.3380%

                                   Schedule 2 Funds:
                                  none

                 Category Assets                    Fee Rate
                First $1 billion                   0.7200%
                Next $5 billion                    0.6600%
                Next $15 billion                   0.6160%
                Next $25 billion                   0.5690%
                Next $50 billion                   0.5420%
                Next $150 billion                  0.5390%
                Thereafter                         0.5380%

Dated:  July 1, 2002                                                            
                                   Exhibit D

                                  Complex Fee Schedule

                 Complex Assets                     Fee Rate
                First $2.5 billion                 0.3100%
                Next $7.5 billion                  0.3000%
                Next $15.0 billion                 0.2985%
                Next $25.0 billion                 0.2970%
                Next $50.0 billion                 0.2960%
                Next $100.0 billion                0.2950%
                Next $100.0 billion                0.2940%
                Next $200.0 billion                0.2930%
                Next $250.0 billion                0.2920%
                Next $500.0 billion                0.2910%
                Thereafter                         0.2900%

Dated:  July 1, 2002                                                            

Dates Referenced Herein   and   Documents Incorporated By Reference

This NSAR-B Filing		Date		Other Filings
		9/16/00
		5/1/01		485BPOS
		8/1/01		497K3B
		12/3/01
		7/1/02
For The Period Ended		8/31/02		N-30D, 24F-2NT
Filed On / Filed As Of / Effective As Of		10/29/02
Top				List All Filings