ITEM 77M
Mergers

(a) Government Bond Fund, a series of American Century Government Income Trust.

(b) At a  special  meeting  held on  August 2,  2002,  shareholders  of the
Treasury Fund, a series of American Century Government Income Trust,  approved a
proposed  Agreement and Plan of Reorganization to combine the Treasury Fund with
and into the Government Bond Fund, another series of American Century Government
Income Trust,  effective  September 3, 2002. The proposal was recommended by the
Board  of  Trustees  of  American   Century   Government   Income   Trust.   The
reorganization  took the form of a transfer  of assets by the  Treasury  Fund in
exchange for shares of the  Government  Bond Fund. The Treasury Fund then made a
liquidating  distribution to its shareholders of the Government Bond Fund shares
received in the  exchange.  The total  dollar  value of  Treasury  shareholders'
accounts  after the  reorganization  was the same as the total  dollar  value of
those accounts before the reorganization. As a result of the reorganization, the
Treasury Fund has ceased to exist.