SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]
File No. 2-94608
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 30 [X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]
File No. 811-4165
Amendment No. 32 [X]
(Check appropriate box or boxes.)
AMERICAN CENTURY TARGET MATURITIES TRUST
_________________________________________________________________
(Exact Name of Registrant as Specified in Charter)
4500 Main Street, Kansas City, MO 64111
_________________________________________________________________
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (816) 531-5575
William M. Lyons, 4500 Main Street, Kansas City, MO 64111
_________________________________________________________________
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering: February 1, 1999
It is proposed that this filing will become effective (check
appropriate box)
[ ] immediately upon filing pursuant to paragraph (b)
[X] on February 1, 1999 pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)(1)
[ ] on (date) pursuant to paragraph (a)(1)
[ ] 75 days after filing pursuant to paragraph (a)(2)
[ ] on (date) pursuant to paragraph (a)(2) of rule 485.
If appropriate, check the following box:
[X] This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
<PAGE>
This filing is being made to extend the date of effectiveness of the
Registrant's 1933 Post-Effective Amendment No. 29 to February 1, 1999. The
Post-Effective Amendment originally requested effectiveness as of January 12,
1999.
The following documents are hereby incorporated by reference:
* Prospectus for the Target Funds Investor Class dated February 1, 1999 filed
pursuant to Rule 485(a) on November 13, 1998 (Accession No.
0000757928-98-000006).
* Prospectus for the Target Funds Advisor Class dated February 1, 1999 filed
pursuant to Rule 485(a) on November 13, 1998 (Accession No.
0000757928-98-000006).
* Statement of Additional Information for the Target Funds dated February 1,
1999 filed pursuant to Rule 485(a) on November 13, 1998 (Accession No.
0000757928-98-000006).
Registrant is extending effectiveness of its Registration Statement in order to
incorporate comments provided to its manager by the staff of the Commission.
<PAGE>
AMERICAN CENTURY TARGET MATURITIES TRUST
1933 Act Post-Effective Amendment No. 30
1940 Act Amendment No. 32
- --------------------------------------------------------------------------------
PART C OTHER INFORMATION
ITEM 23 EXHIBITS (all exhibits not filed herewith are being incorporated
herein by reference).
(a) (1) Agreement and Declaration of Trust dated May 31, 1995 (filed
electronically as Exhibit 1(b) to Post-Effective Amendment No. 24
to the Registration Statement on November 29, 1995, File No.
2-94608).
(2) Amendment to the Declaration of Trust dated October 21, 1996
(filed electronically as Exhibit 1 to Post-Effective Amendment
No. 27 to the Registration Statement on August 28, 1997, File No.
2-94608).
(3) Amendment to the Declaration of Trust dated August 1, 1997
(filed electronically as Exhibit 1 to Post-Effective Amendment
No. 27 to the Registration Statement on August 28, 1997, File No.
2-94608).
(b) Amended and Restated Bylaws, dated May 17, 1995 (filed
electronically as Exhibit 2 to Post-Effective Amendment No. 24 to
the Registration Statement on November 29, 1995, File No.
2-94608).
(c) Registrant hereby incorporates by reference, as though set forth
fully herein, Article III, Article VIII, Article X, Article XI
and Article XII of Registrant's Declaration of Trust , appearing
as Exhibit (1)(b) to Post-Effective Amendment No. 24 and Exhibit
(1) to Post-Effective Amendment No. 27 to the Registration
Statements on Form N-1A of the Registrant; and Article II,
Article VII and Article VIII of Registrant's Amended and Restated
Bylaws, appearing as Exhibit (b) to Post-Effective Amendment No.
24 to the Registration Statement on Form N-1A of the Registrant.
(d) (1) Investor Class Investment Management Agreement between
American Century Target Maturities Trust and American Century
Investment Management, Inc., dated August 1, 1997 (filed
electronically as Exhibit 5 of Post-Effective Amendment No. 33 to
the Registration Statement of American Century Government Income
Trust on July 31, 1997, File No. 2-99222).
(2) Advisor Class Investment Management Agreement between
American Century Target Maturities Trust, American Century
Government Income Trust, American Century International Bond
Funds, and American Century Quantitative Equity Funds, dated
August 1, 1997 (filed electronically as Exhibit 5 of
Post-Effective Amendment No. 27 to the Registration Statement on
August 28, 1997, File No. 2-94608).
(e) (1) Distribution Agreement between American Century Target
Maturities Trust and Funds Distributor, Inc., dated January 15,
1998 (filed electronically as Exhibit 6 to Post-Effective
Amendment No. 28 to the Registration Statement on January 30,
1998, File No. 2-94608).
(2) Amendment No. 1 to the Distribution Agreement between
American Century Target Maturities Trust and Funds Distributor,
Inc., dated June 1, 1998 (filed electronically as Exhibit 6b to
Post-Effective Amendment No. 11 to the Registration Statement of
American Century Capital Portfolios, Inc. on June 26, 1998, File
No. 33-64872).
(3) Amendment No. 2 to Distribution Agreement between American
Century Target Maturities Trust and Funds Distributor, Inc.,
dated December 1, 1998 (filed electronically as Exhibit (e)(3) to
Post-Effective Amendment No. 12 to the Registration Statement of
American Century World Mutual Funds, Inc., on November 13, 1998,
File No. 33-39242).
(4) Amendment No. 3 to Distribution Agreement between American
Century Target Maturities Trust and Funds Distributor, Inc.,
dated January 29, 1999 (filed electronically as Exhibit (e)(4) to
Post-Effective Amendment No. 28 to the Registration Statement of
American Century California Tax-Free and Municipal Funds, on
December 28, 1998, File No. 2-82734).
(f) Not applicable.
(g) Custodian Agreement between American Century Investments
(including American Century Target Maturities Trust), and The
Chase Manhattan Bank, dated August 9, 1996 (filed electronically
as Exhibit 8 of Post-Effective Amendment No. 31 to the
Registration Statement of American Century Government Income
Trust on February 7, 1997, File No. 2-99222).
(h) (1) Transfer Agency Agreement between American Century Target
Maturities Trust and American Century Services Corporation, dated
August 1, 1997 (filed electronically as Exhibit 9 of
Post-Effective Amendment No. 33 to the Registration Statement of
American Century Government Income Trust on July 31, 1997, File
No. 2-99222).
(2) Amendment to Transfer Agency Agreement between American
Century Target Maturities Trust and American Century Services
Corporation, dated June 29, 1998 (filed electronically as Exhibit
9b to Post-Effective Amendment No. 23 to the Registration
Statement of American Century Quantitative Equity Funds on June
29, 1998, File No. 33-19589).
(i) Opinion and consent of counsel (filed electronically as Exhibit
(i) of Post-Effective Amendment No. 29 to the Registration
Statement on November 13, 1998, File No. 2-94608).
(j) (1) Consent of PricewaterhouseCoopers, LLP, independent auditors,
to be filed by amendment.
(2) Consent of KPMG Peat Marwick, LLP, independent auditors, to
be filed by amendment.
(3) Power of Attorney dated December 18, 1998 is included herein.
(k) Not applicable.
(l) Not applicable.
(m) (1) Master Distribution and Shareholder Services Plan of American
Century Government Income Trust, American Century International
Bond Fund, American Century Target Maturities Trust and American
Century Quantitative Equity Funds (Advisor Class) dated August 1,
1997 (filed electronically as Exhibit 15 to Post-Effective
Amendment No. 27 to the Registration Statement filed on August
28, 1997, filed No. 2-94608).
(2) Amendment No. 1 to Master Distribution and Shareholder
Services Plan of American Century Target Maturities Trust
(Advisor Class) dated June 29, 1998 (filed electronically as
Exhibit 15b to Post-Effective Amendment No. 23 of American
Century Quantitative Equity Funds filed on June 29, 1998, File
No. 33-19589).
(n) (1) Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2000 is included herein.
(2) Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2005 is included herein.
(3) Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2010 is included herein.
(4) Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2015 is included herein.
(5) Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2020 is included herein.
(6) Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2025 is included herein.
(o) (1) Multiple Class Plan of American Century California Tax-Free
and Municipal Funds, American Century Government Income Trust,
American Century International Bond Funds, American Century
Investment Trust, American Century Municipal Trust, American
Century Target Maturities Trust and American Century Quantitative
Equity Funds dated August 1, 1997 (filed electronically as
Exhibit 18 of Post-Effective Amendment No. 27 to the Registration
Statement on August 28, 1997, File No. 2-94608).
(2) Amendment to Multiple Class Plan of American Century Target
Maturities Trust dated June 29, 1998 (filed electronically as
Exhibit (o)(2) to Post-Effective Amendment No. 23 to the
Registration Statement of American Century Quantitative Equity
Funds on June 29, 1998, File No. 33-19589).
Item 24. Persons Controlled by or Under Common Control with Registrant.
Not applicable.
Item 25. Indemnification.
As stated in Article VII, Section 3 of the Declaration of Trust, incorporated
herein by reference to Exhibit 1 to the Registration Statement, "The Trustees
shall be entitled and empowered to the fullest extent permitted by law to
purchase insurance for and to provide by resolution or in the Bylaws for
indemnification out of Trust assets for liability and for all expenses
reasonably incurred or paid or expected to be paid by a Trustee or officer in
connection with any claim, action, suit, or proceeding in which he or she
becomes involved by virtue of his or her capacity or former capacity with the
Trust. The provisions, including any exceptions and limitations concerning
indemnification, may be set forth in detail in the Bylaws or in a resolution
adopted by the Board of Trustees."
Registrant hereby incorporates by reference, as though set forth fully herein,
Article VI of the Registrant's Bylaws, amended on May 17, 1995 (filed
electronically as Exhibit 2(b) of Post-Effective Amendment No. 24 to the
Registration Statement on November 29, 1995, File No. 2-94608).
Item 26. Business and Other Connections of Investment Advisor.
American Century Investment Management, Inc., the investment advisor, is engaged
in the business of managing investments for registered investment companies,
deferred compensation plans and other institutional investors.
Item 27. Principal Underwriters.
(a) Funds Distributor, Inc. (the "Distributor") acts as principal
underwriter for the following investment companies.
American Century California Tax-Free and Municipal Funds
American Century Capital Portfolios, Inc.
American Century Government Income Trust
American Century International Bond Funds
American Century Investment Trust
American Century Municipal Trust
American Century Mutual Funds, Inc.
American Century Premium Reserves, Inc.
American Century Quantitative Equity Funds
American Century Strategic Asset Allocations, Inc.
American Century Target Maturities Trust
American Century Variable Portfolios, Inc.
American Century World Mutual Funds, Inc.
BJB Investment Funds
The Brinson Funds
Dresdner RCM Capital Funds, Inc.
Dresdner RCM Equity Funds, Inc.
Founders Funds, Inc.
Harris Insight Funds Trust
HT Insight Funds, Inc. d/b/a Harris Insight Funds
J.P. Morgan Institutional Funds
J.P. Morgan Funds
JPM Series Trust
JPM Series Trust II
LaSalle Partners Funds, Inc.
Kobrick - Cendant Investment Trust
Monetta Fund, Inc.
Monetta Trust
The Montgomery Funds I
The Montgomery Funds II
The Munder Framlington Funds Trust
The Munder Funds Trust
The Munder Funds, Inc.
National Investors Cash Management Fund, Inc.
Orbitex Group of Funds
SG Cowen Funds, Inc.
SG Cowen Income + Growth Fund, Inc.
SG Cowen Standby Reserve Fund, Inc.
SG Cowen Standby Tax-Exempt Reserve Fund, Inc.
SG Cowen Series Funds, Inc.
St. Clair Funds, Inc.
The Skyline Funds
Waterhouse Investors Family of Funds, Inc.
WEBS Index Fund, Inc.
The Distributor is registered with the Securities and Exchange
Commission as a broker-dealer and is a member of the National
Association of Securities Dealers. The Distributor is located at 60
State Street, Suite 1300, Boston, Massachusetts 02109. The Distributor
is an indirect wholly-owned subsidiary of Boston Institutional Group,
Inc., a holding company all of whose outstanding shares are owned by
key employees.
(b) The following is a list of the executive officers, directors and
partners of the Distributor:
<TABLE>
Name and Principal Business Positions and Offices with Positions and Offices with
Address* Underwriter Registrant
<S> <C> <C>
Marie E. Connolly Director, President and Chief None
Executive Officer
George A. Rio Executive Vice President President, Principal Executive
and Principal Financial Officer
Donald R. Roberson Executive Vice President None
William S. Nichols Executive Vice President None
Margaret W. Chambers Senior Vice President, General None
Counsel, Chief Compliance
Officer, Secretary and Clerk
Michael S. Petrucelli Senior Vice President None
Joseph F. Tower, III Director, Senior Vice President, None
Treasurer and Chief Financial
Officer
Paula R. David Senior Vice President None
Allen B. Closser Senior Vice President None
Bernard A. Whalen Senior Vice President None
William J. Nutt Chairman and Director None
- --------------------
* All addresses are 60 State Street, Suite 1300, Boston, Massachusetts 02109
</TABLE>
(c) Not applicable.
Item 28. Location of Accounts and Records.
All accounts, books and other documents required to be maintained by Section
31(a) of the 1940 Act, and the rules promulgated thereunder, are in the
possession of Registrant, American Century Services Corporation and American
Century Investment Management, Inc., all located at 4500 Main Street, Kansas
City, Missouri 64111.
Item 29. Management Services.
Not applicable.
Item 30. Undertakings.
Not applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant certifies that it meets all the requirements
for effectiveness of this 1933 Post-Effective Amendment No. 30 and 1940 Act
Amendment No. 32 to its Registration Statement pursuant to Rule 485(b)
promogulated under the Securities Act of 1933, as amended, and has duly caused
this Post-Effective Amendment No. 30/Amendment No. 32 to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of Kansas City, and
State of Missouri, on the 8th day of January, 1999.
AMERICAN CENTURY TARGET MATURITIES TRUST
By: /*/George A. Rio
George A. Rio
President and Principal Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment No. 30/Amendment No. 32 has been signed below by the following persons
in the capacities and on the dates indicated.
<TABLE>
<CAPTION>
Date
<S> <C> <C>
* President, Principal Executive and January 8, 1999
- --------------------------------- Principal Financial Officer
George A. Rio
* Vice President and Treasurer January 8, 1999
- ---------------------------------
Maryanne Roepke
* Chairman of the Board and Trustee January 8, 1999
- ---------------------------------
James E. Stowers III
* Trustee January 8, 1999
- ---------------------------------
William M. Lyons
* Trustee January 8, 1999
- ---------------------------------
Albert A. Eisenstat
* Trustee January 8, 1999
- ---------------------------------
Ronald J. Gilson
* Trustee January 8, 1999
- ---------------------------------
Myron S. Scholes
* Trustee January 8, 1999
- ---------------------------------
Kenneth E. Scott
* Trustee January 8, 1999
- ---------------------------------
Isaac Stein
* Trustee January 8, 1999
- ---------------------------------
Jeanne D. Wohlers
</TABLE>
/s/Charles C.S. Park
*by Charles C.S. Park, Attorney in Fact (pursuant to a Power of Attorney dated
December 18, 1998).
EXHIBIT DESCRIPTION
EX-99.a1 Agreement and Declaration of Trust dated May 31, 1995 (filed as a
part of Post-Effective Amendment No. 24 to the Registration
Statement on Form N-1A of the Registrant, File No. 2-94608, filed on
November 29, 1995 and incorporated herein by reference).
EX-99.a2 Amendment to the Declaration of Trust dated October 21, 1996 (filed
as a part of Post-Effective Amendment No. 27 to the Registration
Statement on Form N-1A of the Registrant, File No. 2-94608, filed on
August 28, 1997 and incorporated herein by reference).
EX-99.a3 Amendment to the Declaration of Trust dated August 1, 1997 (filed as
a part of Post-Effective Amendment No. 27 to the Registration
Statement on Form N-1A of the Registrant, File No. 2-94608, filed on
August 28, 1997 and incorporated herein by reference).
EX-99.b Amended and Restated Bylaws, dated May 17, 1995 (filed as a part of
Post-Effective Amendment No. 24 to the Registration Statement on
Form N-1A of the Registrant, File No. 2-94608, filed on November 29,
1995 and incorporated herein by reference).
EX-99.d1 Investor Class Investment Management Agreement between American
Century Target Maturities Trust and American Century Investment
Management, Inc., dated August 1, 1997 (filed as a part of
Post-Effective Amendment No. 33 to the Registration Statement on
Form N-1A of American Century Government Income Trust, File No.
2-99222, filed July 31, 1997 and incorporated herein by reference).
EX-99.d2 Advisor Class Investment Management Agreement between American
Century Target Maturities Trust, American Century Government Income
Trust, American Century International Bond Funds, and American
Century Quantitative Equity Funds, dated August 1, 1997 (filed as a
part of Post-Effective Amendment No. 27 to the Registration
Statement on Form N-1A of the Registrant, File No. 2-94608, filed on
August 28, 1997 and incorporated herein by reference).
EX-99.e1 Distribution Agreement between American Century Target Maturities
Trust and Funds Distributor, Inc., dated January 15, 1998 (filed as
a part of Post-Effective Amendment No. 28 to the Registration
Statement on Form N-1A of the Registrant, File No. 2-94608, filed on
January 30, 1998 and incorporated herein by reference).
EX-99.e2 Amendment No. 1 to the Distribution Agreement between American
Century Target Maturities Trust and Funds Distributor, Inc., dated
June 1, 1998 (filed as a part of Post-Effective Amendment No. 11 to
the Registration Statement on Form N-1A of American Century Capital
Portfolios, Inc., File No. 33-64872, filed on June 26, 1998 and
incorporated herein by reference).
EX-99.e3 Amendment No. 2 to Distribution Agreement between American Century
Target Maturities Trust and Funds Distributor, Inc., dated as of
December 1, 1998 (filed as a part of Post-Effective Amendment No. 12
to the Registration Statement on Form N-1A of American Century World
Mutual Funds, Inc., File No. 33-39242, filed on November 13, 1998,
and incorporated herein by reference).
EX-99.e4 Amendment No. 3 to Distribution Agreement between American Century
Target Maturities Trust and Funds Distributor, Inc., dated as of
January 29, 1999 (filed as a part of Post-Effective Amendment No. 28
to the Registration Statement on Form N-1A of American Century
California Tax-Free and Municipal Funds, File No. 2-82734, filed on
December 28, 1998, and incorporated herein by reference).
EX-99.g Custodian Agreement between American Century Investments (including
American Century Target Maturities Trust), and The Chase Manhattan
Bank, dated August 9, 1996 (filed as a part of Post-Effective
Amendment No. 31 to the Registration Statement on Form N-1A of
American Century Government Income Trust, File No. 2-99222, filed
February 7, 1997 and incorporated herein by reference).
EX-99.h1 Transfer Agency Agreement between American Century Target Maturities
Trust and American Century Services Corporation, dated August 1,
1997 (filed as a part of Post-Effective Amendment No. 33 to the
Registration Statement on Form N-1A of American Century Government
Income Trust, File No. 2-99222, filed on July 31, 1997 and
incorporated herein by reference).
EX-99.h2 Amendment to Transfer Agency Agreement between American Century
Target Maturities Trust and American Century Services Corporation
dated June 29, 1998 (filed as a part of Post-Effective Amendment No.
23 to the Registration Statement on Form N-1A of American Century
Quantitative Equity Funds, File No. 33-19589, filed on June 29,
1998, and incorporated herein by reference).
EX-99.i Opinion and consent of counsel (filed as a part of Post-Effective
Amendment No. 29 to the Registration Statement on Form N-1A of the
Registrant, File No. 2-94608, filed on August 28, 1997 and
incorporated herein by reference).
EX-99.j1 Consent of PricewaterhouseCoopers, LLP, independent auditors, to be
filed by amendment.
EX-99.j2 Consent of KPMG Peat Marwick, LLP, independent auditors, to be filed
by amendment.
EX-99.j3 Power of Attorney dated December 18, 1998.
EX-99.m1 Master Distribution and Shareholder Services Plan of American
Century Government Income Trust, American Century International Bond
Fund, American Century Target Maturities Trust and American Century
Quantitative Equity Funds (Advisor Class) dated August 1, 1997
(filed as a part of Post-Effective Amendment No. 27 to the
Registration Statement on Form N-1A of the Registrant, File No.
2-94608, filed on August 28, 1997 and incorporated herein by
reference).
EX-99.m2 Amendment No. 1 to Master Distribution and Shareholder Services Plan
of American Century Target Maturities Trust (Advisor Class) dated
June 29, 1998 (filed as a part of Post-Effective Amendment No. 23 to
the Registration Statement on Form N-1A of American Century
Quantitative Equity Funds, File No. 33-19589, filed on June 29, 1998
and incorporated herein by reference).
EX-99.o1 Multiple Class Plan of American Century California Tax-Free and
Municipal Funds, American Century Government Income Trust, American
Century International Bond Funds, American Century Investment Trust,
American Century Municipal Trust, American Century Target Maturities
Trust and American Century Quantitative Equity Funds dated August 1,
1997 (filed as a part of Post-Effective Amendment No. 27 of the
Registration Statement on Form N-1A of the Registrant, File No.
2-94608, filed on August 28, 1997 and incorporated herein by
reference).
EX-99.o2 Amendment to Multiple Class Plan of American Century Target
Maturities Trust dated June 29, 1998 (filed as a part of
Post-Effective Amendment No. 23 to the Registration Statement on
Form N-1A of American Century Quantitative Equity Funds, File No.
33-19589, filed on June 29, 1998 and incorporated herein by
reference).
EX-27.5.1 Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2000
EX-27.5.2 Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2005
EX-27.5.3 Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2010
EX-27.5.4 Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2015
EX-27.5.5 Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2020
EX-27.5.6 Financial Data Schedule for American Century - Benham Target
Maturities Trust: 2025
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, American Century
Target Maturities Trust, hereinafter called the "Trust", and certain trustees
and officers of the Trust, do hereby constitute and appoint George A. Rio, David
C. Tucker, Douglas A. Paul, Charles A. Etherington, and Charles C.S. Park, and
each of them individually, their true and lawful attorneys and agents to take
any and all action and execute any and all instruments which said attorneys and
agents may deem necessary or advisable to enable the Trust to comply with the
Securities Act of 1933 and/or the Investment Company Act of 1940, as amended,
and any rules, regulations, orders, or other requirements of the United States
Securities and Exchange Commission thereunder, in connection with the
registration under the Securities Act of 1933 and/or the Investment Company Act
of 1940, as amended, including specifically, but without limitation of the
foregoing, power and authority to sign the name of the Trust in its behalf and
to affix its seal, and to sign the names of each of such trustees and officers
in their capacities as indicated, to any amendment or supplement to the
Registration Statement filed with the Securities and Exchange Commission under
the Securities Act of 1933 and/or the Investment Company Act of 1940, as
amended, and to any instruments or documents filed or to be filed as a part of
or in connection with such Registration Statement; and each of the undersigned
hereby ratifies and confirms all that said attorneys and agents shall do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the Trust has caused this Power to be executed by
its duly authorized officers on this the 18th day of December, 1998.
AMERICAN CENTURY TARGET MATURITIES TRUST
By: /s/ George A. Rio
George A. Rio, President
SIGNATURE AND TITLE
/s/ George A. Rio /s/ Ronald J. Gilson
George A. Rio Ronald J. Gilson
President, Principal Executive and Principal Trustee
Financial Officer
/s/ Maryanne Roepke /s/ Myron S. Scholes
Maryanne Roepke Myron S. Scholes
Vice President and Treasurer Trustee
/s/ James E. Stowers, III /s/ Kenneth E. Scott
James E. Stowers, III Kenneth E. Scott
Trustee Trustee
/s/ William M. Lyons /s/ Isaac Stein
William M. Lyons Isaac Stein
Trustee Trustee
/s/ Albert A. Eisenstat /s/ Jeanne D. Wohlers
Albert A. Eisenstat Jeanne D. Wohlers
Trustee Trustee
Attest:
By: /s/ Douglas A. Paul
Douglas A. Paul, Secretary
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT OF AMERICAN CENTURY TARGET MATURITIES TRUST AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT. INFORMATION PRESENTED IS A TOTAL OF ALL
CLASSES, EXCEPT WHERE SUCH PRESENTATION IS NOT POSSIBLE(SUCH AS PER SHARE DATA).
IN THOSE CASES, ONLY THE INVESTOR CLASS INFORMATION IS PRESENTED.
</LEGEND>
<CIK> 0000757928
<NAME> AMERICAN CENTURY TARGET MATURITIES TRUST
<SERIES>
<NUMBER> 2
<NAME> BENHAM TARGET MATURITIES - 2000 PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> SEP-30-1998 <F1>
<INVESTMENTS-AT-COST> 230,516,406
<INVESTMENTS-AT-VALUE> 238,739,903
<RECEIVABLES> 0
<ASSETS-OTHER> 584,484
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 239,324,387
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,735,889
<TOTAL-LIABILITIES> 1,735,889
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 216,542,478
<SHARES-COMMON-STOCK> 2,533,390
<SHARES-COMMON-PRIOR> 3,349,052
<ACCUMULATED-NII-CURRENT> 10,075,324
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,747,199
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,223,497
<NET-ASSETS> 237,588,498
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,205,216
<OTHER-INCOME> 0
<EXPENSES-NET> 1,420,550
<NET-INVESTMENT-INCOME> 13,784,666
<REALIZED-GAINS-CURRENT> 6,149,330
<APPREC-INCREASE-CURRENT> 679,135
<NET-CHANGE-FROM-OPS> 20,613,131
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 15,765,056
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 645,063
<NUMBER-OF-SHARES-REDEEMED> 1,189,038
<SHARES-REINVESTED> 191,104
<NET-CHANGE-IN-ASSETS> (10,788,636)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,592,691)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,410,866
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,420,550
<AVERAGE-NET-ASSETS> 239,827,115
<PER-SHARE-NAV-BEGIN> 86.05 <F2>
<PER-SHARE-NII> 5.13 <F2>
<PER-SHARE-GAIN-APPREC> 2.60 <F2>
<PER-SHARE-DIVIDEND> 5.64 <F2>
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 93.78 <F2>
<EXPENSE-RATIO> 0.59 <F2>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
<FN>
<F1> SCHEDULE REFLECTS THE TOTAL FOR ALL CLASSES, EXCEPT WHERE INDICATED.
<F2> INVESTOR CLASS INFORMATION ONLY.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT OF AMERICAN CENTURY TARGET MATURITIES TRUST AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT. INFORMATION PRESENTED IS A TOTAL OF ALL
CLASSES, EXCEPT WHERE SUCH PRESENTATION IS NOT POSSIBLE(SUCH AS PER SHARE DATA).
IN THOSE CASES, ONLY THE INVESTOR CLASS INFORMATION IS PRESENTED.
</LEGEND>
<CIK> 0000757928
<NAME> AMERICAN CENTURY TARGET MATURITIES TRUST
<SERIES>
<NUMBER> 3
<NAME> BENHAM TARGET MATURITIES - 2005 PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
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<AVG-DEBT-PER-SHARE> 0.00
<FN>
<F1> SCHEDULE REFLECTS THE TOTAL FOR ALL CLASSES, EXCEPT WHERE INDICATED.
<F2> INVESTOR CLASS INFORMATION ONLY.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT OF AMERICAN CENTURY TARGET MATURITIES TRUST AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT. INFORMATION PRESENTED IS A TOTAL OF ALL
CLASSES, EXCEPT WHERE SUCH PRESENTATION IS NOT POSSIBLE(SUCH AS PER SHARE DATA).
IN THOSE CASES, ONLY THE INVESTOR CLASS INFORMATION IS PRESENTED.
</LEGEND>
<CIK> 0000757928
<NAME> AMERICAN CENTURY TARGET MATURITIES TRUST
<SERIES>
<NUMBER> 4
<NAME> BENHAM TARGET MATURITIES - 2010 PORTFOLIO
<S> <C>
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<EXPENSE-RATIO> 0.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
<FN>
<F1> SCHEDULE REFLECTS THE TOTAL FOR ALL CLASSES, EXCEPT WHERE INDICATED.
<F2> INVESTOR CLASS INFORMATION ONLY.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT OF AMERICAN CENTURY TARGET MATURITIES TRUST AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT. INFORMATION PRESENTED IS A TOTAL OF ALL
CLASSES, EXCEPT WHERE SUCH PRESENTATION IS NOT POSSIBLE(SUCH AS PER SHARE DATA).
IN THOSE CASES, ONLY THE INVESTOR CLASS INFORMATION IS PRESENTED.
</LEGEND>
<CIK> 0000757928
<NAME> AMERICAN CENTURY TARGET MATURITIES TRUST
<SERIES>
<NUMBER> 5
<NAME> BENHAM TARGET MATURITIES - 2015 PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> SEP-30-1998
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<AVG-DEBT-PER-SHARE> 0.00
<FN>
<F1> SCHEDULE REFLECTS THE TOTAL FOR ALL CLASSES, EXCEPT WHERE INDICATED.
<F2> INVESTOR CLASS INFORMATION ONLY.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT OF AMERICAN CENTURY TARGET MATURITIES TRUST AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT. INFORMATION PRESENTED IS A TOTAL OF ALL
CLASSES, EXCEPT WHERE SUCH PRESENTATION IS NOT POSSIBLE(SUCH AS PER SHARE DATA).
IN THOSE CASES, ONLY THE INVESTOR CLASS INFORMATION IS PRESENTED.
</LEGEND>
<CIK> 0000757928
<NAME> AMERICAN CENTURY TARGET MATURITIES TRUST
<SERIES>
<NUMBER> 6
<NAME> BENHAM TARGET MATURITIES - 2020 PORTFOLIO
<S> <C>
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<AVG-DEBT-PER-SHARE> 0.00
<FN>
<F1> SCHEDULE REFLECTS THE TOTAL FOR ALL CLASSES, EXCEPT WHERE INDICATED.
<F2> INVESTOR CLASS INFORMATION ONLY.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT OF AMERICAN CENTURY TARGET MATURITIES TRUST AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT. INFORMATION PRESENTED IS A TOTAL OF ALL
CLASSES, EXCEPT WHERE SUCH PRESENTATION IS NOT POSSIBLE(SUCH AS PER SHARE DATA).
IN THOSE CASES, ONLY THE INVESTOR CLASS INFORMATION IS PRESENTED.
</LEGEND>
<CIK> 0000757928
<NAME> AMERICAN CENTURY TARGET MATURITIES TRUST
<SERIES>
<NUMBER> 7
<NAME> BENHAM TARGET MATURITIES - 2025 PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
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<AVG-DEBT-PER-SHARE> 0.00
<FN>
<F1> SCHEDULE REFLECTS THE TOTAL FOR ALL CLASSES, EXCEPT WHERE INDICATED.
<F2> INVESTOR CLASS INFORMATION ONLY.
</FN>
</TABLE>
