AMERICAN CENTURY TARGET MATURITIES TRUST
PROSPECTUS SUPPLEMENT
Target 2000 o Target 2005 o Target 2010
Target 2015 o Target 2020 o Target 2025
Investor Class o Advisor Class
SUPPLEMENT DATED JANUARY 15, 1998
Prospectus dated September 2, 1997
The following disclosure should be inserted as the second paragraph under the
heading "American Century Investments" found on page 15 of the Investor Class
Prospectus and as the last paragraph under the heading "How to Purchase and Sell
American Century Funds" found on page 15 of the Advisor Class Prospectus.
To reduce expenses and demonstrate respect for our environment, we have
initiated a project through which we will eliminate duplicate copies of most
financial reports and prospectuses to most households and deliver account
statements to most households in a single envelope, even if they have more than
one account. If additional copies of financial reports and prospectuses or
separate mailing of account statements is desired, please call us.
The following disclosure is added on page 21 of the Investor Class Prospectus
and page 16 of the Advisor Class Prospectus, following the last paragraph under
the heading "When Share Price is Determined."
We have contractual relationships with certain financial intermediaries in
which such intermediaries represent that they have systems to track the time at
which investment orders are received and to segregate orders received at
different times. Based on these representations, the fund has authorized such
intermediaries and their designees to accept purchase and redemption orders on
the funds' behalf up to the applicable cut-off time. The fund will be deemed to
have received such orders upon acceptance by the duly authorized intermediary,
and such orders will be priced at the fund's net asset value next determined
after acceptance on the funds' behalf by such intermediary.
The following disclosure is added following the last paragraph under the heading
"Transfer and Administrative Services," on page 24 of the Investor Class
Prospectus and page 19 of the Advisor Class Prospectus.
Pursuant to a Sub-Administration Agreement with the manager, Funds
Distributor, Inc. (FDI) serves as the Co-Administrator for the funds. FDI is
responsible for (i) providing certain officers of the funds and (ii) reviewing
and filing marketing and sales literature on behalf of the funds. The fees and
expenses of FDI are paid by the manager.
The following disclosure replaces the first sentence under the heading
"Distribution of Fund Shares" found on page 25 of the Investor Class Prospectus
and page 20 of the Advisor Class Prospectus.
The funds' shares are distributed by FDI, a registered broker-dealer (the
Distributor). FDI is a wholly-owned indirect subsidiary of Boston Institutional
Group, Inc. FDI's principal business address is 60 State Street, Suite 1300,
Boston, Massachusetts 02109.
The following disclosure should be inserted as the last paragraph under the
heading "Distribution of Fund Shares" on page 25 of the Investor Class
Prospectus and page 20 of the Advisor Class Prospectus.
Investors may open accounts with American Century only through the
Distributor. All purchase transactions in the funds offered by this Prospectus
are processed by the transfer agent, which is authorized to accept any
instructions relating to fund accounts. All purchase orders must be accepted by
the Distributor.
P.O. Box 419200 [american century logo]
Kansas City, Missouri American
64141-6200 Century(reg.sm)
1-800-345-2021 or 816-531-5575
Funds Distributor, Inc.
SH-SPL-11274 9801