NOTES TO FINANCIAL STATEMENTS
FEBRUARY 28, 1997
1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization--American Century Investment Trust (the Trust) is registered under the Investment Company Act of
1940 as an open-end management investment company. American Century-Benham Prime Money Market Fund
(the Fund) is the sole fund issued by the Trust. The Fund seeks the highest level of current income consistent with
preservation of capital. The Fund buys high-quality (first-tier), U.S. dollar-denominated money market
instruments and other short-term obligations of banks, governments, and corporations. The following significant
accounting policies, related to the Fund, are in accordance with accounting policies generally accepted in the
investment company industry.
Security Valuations--Securities are valued at amortized cost, which approximates current market value. When
valuations are not readily available, securities are valued at fair value as determined in accordance with
procedures adopted by the Board of Trustees.
Security Transactions--Security transactions are accounted for on the date purchased or sold. Net realized gains
and losses are determined on the identified cost basis, which is also used for federal income tax purposes.
Investment Income--Interest income is recorded on the accrual basis and includes amortization of discounts and
Income Tax Status--It is the Fund's policy to distribute all taxable income and to otherwise qualify as a regulated
investment company under the provisions of the Internal Revenue Code. Accordingly, no provision has been
made for federal income taxes.
Distributions--Distributions from net investment income are declared daily and distributed monthly. The Fund
does not expect to realize any long-term capital gains, and accordingly, does not expect to pay any capital gains
At February 28, 1997, accumulated net realized capital loss carryovers of $278,535 (expiring 2005) may be
used to offset future taxa