Kansas taxpayers can receive a state adjusted gross income deduction of up to $3,000 per child for 2006 ($6,000 if married, filing jointly) on contributions to a Learning Quest account. This benefit is in addition to the federal and state tax benefits of tax-deferred growth and tax-free withdrawals for qualified educational expenses.1 The availability of tax or other benefits may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.

"A Learning Quest account makes a great gift that will last long after the holidays are over," said Kansas State Treasurer Lynn Jenkins, CPA and also administrator of Learning Quest. "I can't think of a more meaningful gift to give that special child in your life."

Kansas 529 plans offer the following potential additional benefits:

• Students can attend any qualified educational institution, which generally includes U. S. post-secondary schools such as public universities, private universities, community colleges and vocational or technical schools
• Account can be transferred to an eligible family member of the current beneficiary
• Earnings in your account grow tax deferred and can be withdrawn tax free if used for qualified higher education expenses.1
• Professional investment management
• Parents, grandparents or others can open a Learning Quest account by going online to www.learningquest.com, by calling a Learning Quest specialist at 1-800-579-2203 to receive an application.

The State of Kansas also has a new matching grant program for families with a household income less than $40,000 for a family of four. The income level varies based on the number of people in the household. If you qualify, the state of Kansas will match contributions made in calendar year 2006 up to $600, but the contributions must be postmarked by December 30, 2006. Visit www.KansasStateTreasurer.com/kids to find more details about the program and to download an application or call 785-296-5317.

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.

Jenkins, a former State Representative and Senator from Topeka, was re-elected to her second term as Kansas State Treasurer on Nov. 7, 2006. During her time as Treasurer, Jenkins has expanded investment options in Learning Quest and oversaw the re-bidding of the nearly $1.5 billion program, returned an average of $9 million a year in unclaimed property to Kansans, initiated multiple financial literacy programs, and eliminated the reliance on state general fund dollars to operate the office. She is a Certified Public Accountant and former small business owner.

¹ Nonqualified withdrawals are subject to federal and state income taxes and a 10% federal penalty tax.

As with any investment, withdrawal value may be more or less than the original investment.

Before investing, carefully consider the plan's investment objectives, risks, charges and expenses. This information and more about the plan can be found in the Learning Quest Handbook, available by contacting your financial advisor or American Century Investment Services, Inc., Distributor and Underwriter, at 1-800-579-2203, and should be read carefully before investing. If you are not a Kansas taxpayer, consider before investing whether your or the beneficiary's home state offers a 529 Plan that provides its taxpayers with state tax and other benefits not available through this plan.

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.