AMERICAN CENTURY INVESTMENT TRUST
497K3B, 1999-10-25
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[front cover]

                                AMERICAN CENTURY

                                  Fund Profile

[american century logo (reg.sm)]
American
Century

                            Prime Money Market Fund

                                                                OCTOBER 25, 1999

                                                                  INVESTOR CLASS

  This profile summarizes key information about the fund that is included in the
  fund's Prospectus. The fund's Prospectus includes additional information about
    the fund, including a more detailed description of the risks associated with
         investing in the fund, that you may want to consider before you invest.

  [photos of woman and girls blowing bubbles, men talking, woman at computer]

   You may obtain the Prospectus and other information about the fund at no cost
  by calling us at 1-800-345-2021, accessing our Web site or visiting one of our
   Investor Centers. See the back cover for additional telephone numbers and our
                                                                        address.




PRIME MONEY MARKET FUND

1. WHAT IS THE FUND'S INVESTMENT OBJECTIVE?

    Prime Money Market seeks to earn the highest level of current income while
    preserving the value of your investment.

2. WHAT IS THE FUND'S INVESTMENT STRATEGY?

    The fund earns its income by investing in high-quality, cash-equivalent
    securities. These securities are short-term obligations of banks,
    governments and corporations that are payable in U.S. dollars.

    Additional information about Prime Money Market's investments is available
    in its annual and semiannual reports. In these reports you will find a
    discussion of the market conditions and investment strategies that
    significantly affected the fund's performance during the most recent fiscal
    period. You may get these reports at no cost by calling us.

3. WHAT ARE THE SIGNIFICANT RISKS OF INVESTING IN THE FUND?

    * An investment in the fund is not a bank deposit, and it is not insured or
    guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other
    government agency. Although the fund seeks to preserve the value of your
    investment at $1.00 per share, it is possible to lose money by investing in
    the fund.

    * Because cash-equivalent securities are among the safest securities
    available, the interest they pay is among the lowest for income-paying
    securities. Accordingly, the yield on this fund will likely be lower than
    yields on funds that invest in longer-term or lower-quality securities.

    FUND PERFORMANCE

    The following bar chart shows the actual performance of Prime Money Market's
    Investor Class shares for each calendar year since the fund's inception on
    November 17, 1993. The bar chart indicates the volatility of the fund's
    historical returns from year to year. The bar chart and the performance
    information below are not intended to indicate how the fund will perform in
    the future.


[data shown in bar chart]
   Calendar Year-By-Year Returns (1)
                      1998       1997       1996       1995       1994
Prime Money Market    5.18%      5.26%      5.09%      5.70%      4.47%

        (1) As of September 30, 1999, the end of the most recent calendar
        quarter, Prime Money Market's year-to-date return was 3.44%.

    The highest and lowest quarterly returns for the period reflected in the bar
    chart are:

                              Highest                 Lowest

    Prime Money Market        1.47% (1Q 1995)         0.84% (1Q 1994)

    The following table shows the average annual total returns of the fund's
    shares for the periods indicated. The 90-Day Treasury Bill Index, an
    unmanaged index that reflects no operating costs, is included as a benchmark
    for performance comparisons. The index is derived from secondary market
    interest rates as published by the Federal Reserve Bank. For current
    performance information, including seven-day yield, please call us or access
    our Web site.

<TABLE>

                                          1 YEAR        5 YEARS     LIFE OF FUND(1)
<S>                                       <C>           <C>                     <C>
     AVERAGE ANNUAL TOTAL RETURNS (PERIOD ENDED SEPTEMBER 30, 1999)

        Prime Money Market                4.71%         5.21%           5.04%

        90-Day Treasury Bill Index        4.54%         5.12%           4.94%(2)
</TABLE>

        (1) The inception date for Prime Money Market is November 17, 1993.

        (2) Since November 30, 1993, the date nearest the fund's inception for
            which data are available.

4. WHAT ARE THE FUND'S FEES AND EXPENSES?

    There are no sales loads, fees or other charges

    * to buy fund shares directly from American Century

    * to reinvest dividends in additional shares

    * to exchange into the Investor Class shares of other American Century
      funds

    * to redeem your shares


Prime Money Market                            American Century Investments


    The following table describes the fees and expenses that you will pay if you
    buy and hold shares of the fund.

     ANNUAL FUND OPERATING EXPENSES
     (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS)

               Management Fee                                       0.60%(1)

               Distribution and Service (12b-1) Fees                None

               Other Expenses                                       0.00%(2)

               Total Annual Fund Operating Expenses                 0.60%

        (1) Based on expenses incurred during the fund's most recent fiscal
            year. The fund has a stepped fee schedule. As a result, the fund's
            management fee rate generally decreases as fund assets increase.

        (2) Other expenses, which include the fees and expenses of the fund's
            independent trustees, their legal counsel and interest, were less
            than 0.005% for the most recent fiscal year.

           EXAMPLE

             Assuming you . . .
             * invest $10,000 in the fund
             * redeem all of your shares at the end of the periods shown below
             * earn a 5% return each year
             * incur the same operating expenses as shown above

             . . . your cost of investing in the fund would be:

                       1 year         3 years       5 years       10 years

                        $61            $192          $334           $749

             Of course, actual costs may be higher or lower. Use this example to
             compare the costs of investing in other funds.


5. WHO ARE THE FUND'S INVESTMENT ADVISOR AND PORTFOLIO MANAGERS?

    American Century Investment Management, Inc. provides investment advisory
    and management services for the fund. American Century uses teams of
    portfolio managers, assistant portfolio managers and analysts working
    together to manage its mutual funds. Identified below is the portfolio
    manager who leads the team that manages Prime Money Market:

    DENISE TABACCO, Portfolio Manager, has been a member of the team that
    manages Prime Money Market since May 1996. She joined American Century in
    1988, becoming a member of its portfolio department in 1991. She has a
    bachelor's degree in accounting from San Diego State University and an MBA
    in finance from Golden Gate University.

6. HOW DO I BUY FUND SHARES?

    American Century offers several ways to purchase shares

    * Complete and return an application along with an investment check payable
    to American Century Investments

    * If you already have an American Century account, call us or access our Web
    site to exchange shares from another American Century fund

    * Call us and send your investment by bank wire transfer

    Your initial investment must be at least $2,500 ($1,000 for traditional and
    Roth IRAs). If your redemption activity causes the value of your account to
    fall below this account minimum, your shares may be redeemed involuntarily.

7. HOW DO I SELL FUND SHARES?

    You may sell all or part of your fund shares on any business day by writing
    or calling us. You also may exchange your shares in Prime Money Market for
    shares in nearly 70 other mutual funds offered by American Century.
    Depending on the options you select when you open your account, some
    restrictions may apply. For your protection, some redemption requests
    require a signature guarantee.

8. HOW ARE FUND DISTRIBUTIONS MADE AND TAXED?

    Dividends are declared and available for redemption daily. Because Prime is
    a money market fund, its distributions generally will be taxed as ordinary
    income. If the fund's share price were to go up or down, its annual
    distributions also could include capital gains or losses. Distributions are
    reinvested automatically in additional shares unless you choose another
    option.


Prime Money Market                                             Fund Profile


9. WHAT SERVICES ARE AVAILABLE?

    American Century offers several ways to make it easier for you to manage
    your account, such as

    * telephone transactions

    * wire and electronic funds transfers

    * 24-hour Automated Information Line transactions

    * 24-hour online Internet account access and transactions

    You will find more information about these choices in Your Guide to American
    Century Services, which you may request by calling us, accessing our Web
    site or visiting one of our Investor Centers.

    Information contained in the services guide pertains to shareholders who
    invest directly with American Century rather than through an
    employer-sponsored retirement plan or financial intermediary.

    If you own or are considering purchasing fund shares through an
    employer-sponsored retirement plan or financial intermediary, your ability
    to purchase shares of the fund, exchange them for shares of other American
    Century funds, and redeem them will depend on the terms of your plan or
    financial intermediary. If you have questions about investing in an
    employer-sponsored retirement plan or through a financial intermediary, call
    a Service Representative at 1-800-345-3533.

- --------------------------------------------------------------------------------
[american century logo (reg.sm)]
American
Century

AMERICAN CENTURY INVESTMENTS
P.O. BOX 419200
KANSAS CITY, MISSOURI 64141-6200

INVESTOR RELATIONS
1-800-345-2021 or 816-531-5575

AUTOMATED INFORMATION LINE
1-800-345-8765

FAX
816-340-7962

TELECOMMUNICATIONS DEVICE FOR THE DEAF
1-800-634-4113 or 816-444-3485

BUSINESS, NOT-FOR-PROFIT AND
EMPLOYER-SPONSORED RETIREMENT PLANS
1-800-345-3533

Visit our Web site at WWW.AMERICANCENTURY.COM

SH-PRF-17888   9910                                   Funds Distributor, Inc.
<PAGE>
[front cover]

                                AMERICAN CENTURY

                                  Fund Profile

[american century logo (reg.sm)]
American
Century

                            Prime Money Market Fund


  This profile summarizes key information about the fund that is included in the
  fund's Prospectus. The fund's Prospectus includes additional information about
   the  fund, including a more detailed description of the risks associated with
         investing in the fund, that you may want to consider before you invest.

   [photos of woman and girls blowing bubbles, men talking, woman at computer]

                                                                OCTOBER 25, 1999

                                                                  INVESTOR CLASS

   You may obtain the Prospectus and other information about the fund at no cost
  by calling us at 1-888-345-2071, accessing our Web site or visiting one of our
   Investor Centers. See the back cover for additional telephone numbers and our
                                                                        address.




PRIME MONEY MARKET FUND

1. WHAT IS THE FUND'S INVESTMENT OBJECTIVE?

    Prime Money Market seeks to earn the highest level of current income while
    preserving the value of your investment.

2. WHAT IS THE FUND'S INVESTMENT STRATEGY?

    The fund earns its income by investing in high-quality, cash-equivalent
    securities. These securities are short-term obligations of banks,
    governments and corporations that are payable in U.S. dollars.

    Additional information about Prime Money Market's investments is available
    in its annual and semiannual reports. In these reports you will find a
    discussion of the market conditions and investment strategies that
    significantly affected the fund's performance during the most recent fiscal
    period. You may get these reports at no cost by calling us.

3. WHAT ARE THE SIGNIFICANT RISKS OF INVESTING IN THE FUND?

    * An investment in the fund is not a bank deposit, and it is not insured or
    guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other
    government agency. Although the fund seeks to preserve the value of your
    investment at $1.00 per share, it is possible to lose money by investing in
    the fund.

    * Because cash-equivalent securities are among the safest securities
    available, the interest they pay is among the lowest for income-paying
    securities. Accordingly, the yield on this fund will likely be lower than
    yields on funds that invest in longer-term or lower-quality securities.

    FUND PERFORMANCE

    The following bar chart shows the actual performance of Prime Money Market's
    Investor Class shares for each calendar year since the fund's inception on
    November 17, 1993. The bar chart indicates the volatility of the fund's
    historical returns from year to year. The bar chart and the performance
    information below are not intended to indicate how the fund will perform in
    the future.



[data shown in bar chart]
   Calendar Year-By-Year Returns (1)
                      1998       1997       1996       1995       1994
Prime Money Market    5.18%      5.26%      5.09%      5.70%      4.47%

        (1) As of September 30, 1999, the end of the most recent calendar
            quarter, Prime Money Market's year-to-date return was 3.44%.

    The highest and lowest quarterly returns for the period reflected in the bar
    chart are:

                              Highest                 Lowest

    Prime Money Market        1.47% (1Q 1995)         0.84% (1Q 1994)

    The following table shows the average annual total returns of the fund's
    shares for the periods indicated. The 90-Day Treasury Bill Index, an
    unmanaged index that reflects no operating costs, is included as a benchmark
    for performance comparisons. The index is derived from secondary market
    interest rates as published by the Federal Reserve Bank. For current
    performance information, including seven-day yield, please call us or access
    our Web site.

<TABLE>
                                                1 YEAR       5 YEARS     LIFE OF FUND(1)

     AVERAGE ANNUAL TOTAL RETURNS (PERIOD ENDED SEPTEMBER 30, 1999)
<S>                                              <C>           <C>           <C>
           Prime Money Market                    4.71%         5.21%         5.04%

           90-Day Treasury Bill Index            4.54%         5.12%         4.94%(2)
</TABLE>

        (1) The inception date for Prime Money Market is November 17, 1993.

        (2) Since November 30, 1993, the date nearest the fund's inception for
            which data are available.

4. WHAT ARE THE FUND'S FEES AND EXPENSES?

    There are no sales loads, fees or other charges

    * to buy fund shares directly from American Century

    * to reinvest dividends in additional shares

    * to exchange into the Investor Class shares of other American Century
      funds

    * to redeem your shares


Prime Money Market                            American Century Investments


    The following table describes the fees and expenses that you will pay if you
    buy and hold shares of the fund.


     ANNUAL FUND OPERATING EXPENSES
     (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS)

        Management Fee                                          0.60%(1)

        Distribution and Service (12b-1) Fees                   None

        Other Expenses                                          0.00%(2)

        Total Annual Fund Operating Expenses                    0.60%


        (1) Based on expenses incurred during the fund's most recent fiscal
            year. The fund has a stepped fee schedule. As a result, the fund's
            management fee rate generally decreases as fund assets increase.

        (2) Other expenses, which include the fees and expenses of the fund's
            independent trustees, their legal counsel and interest, were less
            than 0.005% for the most recent fiscal year.

           EXAMPLE

             Assuming you . . .
             * invest $10,000 in the fund
             * redeem all of your shares at the end of the periods shown below
             * earn a 5% return each year
             * incur the same operating expenses as shown above

             . . . your cost of investing in the fund would be:

                        1 year         3 years       5 years         10 years

                         $61            $192          $334             $749

            Of course, actual costs may be higher or lower. Use this example to
            compare the costs of investing in other funds.


5. WHO ARE THE FUND'S INVESTMENT ADVISOR AND PORTFOLIO MANAGERS?

    American Century Investment Management, Inc. provides investment advisory
    and management services for the fund. American Century uses teams of
    portfolio managers, assistant portfolio managers and analysts working
    together to manage its mutual funds. Identified below is the portfolio
    manager who leads the team that manages Prime Money Market:

    DENISE TABACCO, Portfolio Manager, has been a member of the team that
    manages Prime Money Market since May 1996. She joined American Century in
    1988, becoming a member of its portfolio department in 1991. She has a
    bachelor's degree in accounting from San Diego State University and an MBA
    in finance from Golden Gate University.

6. HOW DO I BUY FUND SHARES?

    American Century Brokerage offers several ways to purchase shares

    * Complete and return a brokerage application along with an investment check
    payable to American Century Brokerage

    * Call us and send your investment by bank wire transfer

    * If you already have an American Century Brokerage account, simply contact
    us by writing, calling or accessing our Web site

    Your initial investment in your brokerage account must be at least $2,500.
    If your redemption activity causes the value of your account to fall below
    this account minimum, your shares may be redeemed involuntarily.

7. HOW DO I SELL FUND SHARES?

    The most convenient way for you to sell money market fund shares in your
    brokerage account is to use our CheckWriting feature. If you do not have
    checks, you can call us during business hours or send us a letter requesting
    a redemption check or bank wire. Bank wires require a minimum redemption of
    $1,000 and a $20 fee applies. In addition, we will automatically sell
    sufficient shares in Prime Money Market when you direct us to make other
    investments in your brokerage account.

    Depending on the options you select when you open your account, some
    restrictions may apply. For your protection, some redemption requests may
    require a signature guarantee.

8. HOW ARE FUND DISTRIBUTIONS MADE AND TAXED?

    Dividends are declared and available for redemption daily. Because Prime is
    a money market fund, its distributions generally will be taxed as ordinary
    income. If the fund's share price were to go up or down, its annual
    distributions also could include capital gains or losses. Distributions are
    reinvested automatically in additional shares unless you choose another
    option.


Prime Money Market                                             Fund Profile


9. WHAT SERVICES ARE AVAILABLE?

    American Century Brokerage offers several ways to make it easier for you to
    manage your account, such as

    * telephone transactions

    * wire and electronic funds transfers

    * TeleSelect Automated Information and Trading Line transactions

    * 24-hour online Internet account access and transactions

    You will find more information about these choices in our Brokerage
    Information Kit, which you may request by calling us, accessing our Web site
    or visiting one of our Investor Centers.


- --------------------------------------------------------------------------------
[american century logo (reg.sm)]
American
Century

AMERICAN CENTURY BROKERAGE, INC.
P.O. BOX 419146
KANSAS CITY, MISSOURI 64141-6146

BROKERAGE ASSOCIATE
1-888-345-2071

FAX
650-967-9627

TELESELECT AUTOMATED INFORMATION
AND TRADING LINE
1-888-345-2091

TELECOMMUNICATIONS DEVICE FOR THE DEAF
1-800-634-4113

SEP-IRA SERVICES
1-800-345-3533, ext. 4210

Visit our Web site at WWW.AMERICANCENTURY.COM

BK-PRF-17889   9910                                   Funds Distributor, Inc.


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