"As Kansas State Treasurer and administrator of Learning Quest, I believe we have a solid 529 program. but I'm always looking for ways to enhance it," said Jenkins. "The new options managed by The Vanguard Group offer investors lower cost index options in addition to investment choices currently available through Learning Quest."

American Century Investments, program manager for all Learning Quest options, will continue to manage all of the Learning Quest portfolios and service all accounts.

The new portfolios include: 500 Index Portfolio - Invests in the Vanguard 500 Index Fund, which utilizes a "full replication" approach to track the S&P 500 Index. Total Growth Index Portfolio - An all stock portfolio customized for Learning Quest that seeks investment results that parallel a weighted mix of the performance of the Dow Jones Wilshire 5000 Total Market Index* (85%) and the Total International Composite Index (15%). The portfolio will allocate 85% of its assets to the Vanguard Total Stock Market Index Fund and 15% to the Vanguard Total International Stock Index Fund. Balanced Index Portfolio - Invests in the Vanguard Balanced Index Fund, which seeks investment results that parallel a 60% to 40% weighted mix of the performance of the Dow Jones Wilshire 5000 Total Market Index and the Lehman Brothers Aggregate Bond Index, respectively. Total Bond Market Index Portfolio - Invests in the Vanguard Total Bond Market Index Fund, which seeks investment results that parallel the performance of the Lehman Brothers Aggregate Bond Index.

There are no income limits for those investing, and the contribution maximum is $235,000 per beneficiary for Learning Quest and the other Kansas 529 products.

Kansas taxpayers can receive a state adjusted gross income deduction of up to $3,000 per child for 2005 ($6,000 if married, filing jointly) on contributions to Learning Quest and the other Kansas 529 products. This benefit is in addition to the federal and state tax benefits of tax-deferred growth and tax-free withdrawals for qualified educational expenses.**

General information about Learning Quest is available by calling 1-800-579-2203 or by visiting www.learningquest.com. Investment advisors interested in Learning Quest Advisor should call 1-877-882-6236 or visit www.americancentury.com/ipro.

Treasurer Lynn Jenkins, CPA is a former State Representative and Senator from Topeka and was elected as the 37th State Treasurer on Nov. 5, 2002. For more information about the Kansas 529 program or any of the programs offered by Treasurer Jenkins, please access her Web page at www.KansasStateTreasurer.com.

American Century Investments is a leading investment manager with nearly five decades of experience helping investors achieve their financial goals. Serving investment professionals, institutions, corporations and 1.6 million individual investors, American Century offers a broad array of products across a variety of investment disciplines. Based in Kansas City, Mo., the company manages approximately $96 billion in assets through mutual funds, separate accounts, commingled trusts, subadvisory accounts and institutional class funds.

The Vanguard Group, Inc., headquartered in Valley Forge, Pennsylvania, is the nation's second largest mutual fund firm and a leading provider of company sponsored retirement plan services. Vanguard manages more than $800 billion in U.S. mutual fund assets, in 129 funds, including over $8 billion for fourteen 529 programs.

*The board of trustees of Vanguard Total Stock Market Index Fund and Vanguard Balanced Index Fund have approved the adoption of the Morgan Stanley Capital International® (MSCI®) US Broad Market Index as the new benchmark index for the Fund/stock portion of the Fund. The effective date of the index change will be sometime between March 31, 2005 and December 31, 2005. The precise timing will not be disclosed to protect the Funds from harmful "front running" by sophisticated traders. The new index, like the current one, measures the performance of the overall stock market, so the investment objective and risks of the Funds will not change.

** Changes resulting from the 2001 Tax Act are effective through Dec. 31, 2010, and may or may not be extended past that date with further legislative action.

Past performance is no guarantee of future results. As with any investment, withdrawal value may be more or less than the original investment. An account owner investing in a 529 plan outside of the state in which they pay taxes may lose any tax benefits offered by their own state's plan. Please consult the handbook for additional information about applicable fees.

Notice: Accounts established under Learning Quest and their earnings are neither insured nor guaranteed by the State of Kansas, the Kansas State Treasurer or American Century Investments.