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Topeka, KS Time: 7:33pm
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FOR IMMEDIATE RELEASE
April 20, 2005
For more information, call:
Jenalea H Linn, Spokesperson
785/296-3342(Office)
785/270-3528(Pager)
jenalea@treasurer.state.ks.us

Beth Taylor
American Century Investments
816/340-7673 (Office)
816/340-7033 (Media Line)

LEARNING QUEST® 529 PARTNERS WITH BABYMINT TO HELP PARENTS SAVE FOR COLLEGE
TOPEKA - Kansas State Treasurer Lynn Jenkins, CPA, announced that the Learning Quest 529 Education Savings Program has partnered with Vesdia Corporation to offer BabyMint™, a loyalty program that includes a nationwide network of retailers that offer rebates on purchases that then are invested in an existing 529 account. BabyMint offers another way to help families investing for college enhance their college savings accounts. Learning Quest account owners can register for an account beginning April 19 by visiting www.Babymint.com.

Learning Quest participants can register with BabyMint at no cost and receive rebates of up to 30 percent on purchases made through BabyMint's nationwide network of hundreds of retailers. Merchant rebates are automatically tracked and credited to the client's 529 plan. Parents, grandparents, other family members and friends can also participate by directing rebates into the same 529 account.

"Kansans have been asking for a rebate program like this," Jenkins said. "Many Kansas families will be able to get an extra boost to their 529 contributions with purchases they are already making for things like school supplies, flowers and renting videos."

BabyMint will be available to Learning Quest participants who invest directly or through a financial advisor. For financial advisors, BabyMint offers program marketing materials for use with clients and prospects with a membership through the Basic Advisor Program. A membership in the Preferred Advisor Program includes a personal listing on BabyMint's consumer site and a starter pack of BabyMint marketing materials.

Jenkins is administrator of Learning Quest, Kansas's 529 Education Savings Program, and American Century Investments is the program manager.

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 November 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. For more information about the company, visit www.americancentury.com.

Headquartered in Atlanta, Vesdia is widely recognized as a global leader in the field of loyalty marketing technology. Through its network of top-name retailers and name brands, Vesdia's patent-protected technology enables consumers to save towards major life events without incurring out-of-pocket expenses. In addition to serving as the "savings engine" behind its own award-winning coalition loyalty programs, BabyMint and Stockback, the company's proprietary technology is also licensed by more than a dozen financial institutions, retailers, and credit card issuers in the U.S. and Canada to facilitate customer loyalty. To learn more about Vesdia, visit www.Vesdia.com.

* 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.

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.

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