American Century Government Income Trust

STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT

CAPITAL PRESERVATION FUND * GINNIE MAE FUND * GOVERNMENT AGENCY MONEY MARKET FUND
GOVERNMENT BOND FUND * INFLATION-ADJUSTED BOND FUND * SHORT-TERM GOVERNMENT FUND

[american century investments logo and text logo]

Supplement dated December 3, 2007 * Statement of Additional Information dated August 1, 2007

Effective August 31, 2007, the Advisor Class of Government Agency Money Market
was liquidated and the Investor Class was reorganized into the Capital
Preservation fund. Accordingly, all references to Government Agency Money Market
should be deleted from the statement of additional information.

On December 3, 2007, Ginnie Mae C Class shareholders received Advisor Class
shares of Ginnie Mae in exchange for their C Class shares. Accordingly, C Class
shares of Ginnie Mae will no longer be offered.

THE FOLLOWING REPLACES THE TABLE ON PAGE 2:

FUND                                 TICKER SYMBOL                INCEPTION DATE
--------------------------------------------------------------------------------
Capital Preservation
  Investor Class                     CPFXX                        10/13/1972
--------------------------------------------------------------------------------
Ginnie Mae
  Investor Class                     BGNMX                        09/23/1985
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  Institutional Class                AGMNX                        09/28/2007
--------------------------------------------------------------------------------
  Advisor Class                      BGNAX                        10/09/1997
--------------------------------------------------------------------------------
  R Class                            AGMWX                        09/28/2007
--------------------------------------------------------------------------------
Government Bond
  Investor Class                     CPTNX                        05/16/1980
--------------------------------------------------------------------------------
  Advisor Class                      ABTAX                        10/09/1997
--------------------------------------------------------------------------------
Inflation-Adjusted Bond
  Investor Class                     ACITX                        02/10/1997
--------------------------------------------------------------------------------
  Institutional Class                AIANX                        10/01/2002
--------------------------------------------------------------------------------
  Advisor Class                      AIAVX                        06/15/1998
--------------------------------------------------------------------------------
Short-Term Government
  Investor Class                     TWUSX                        12/15/1982
--------------------------------------------------------------------------------
  Advisor Class                      TWAVX                        07/08/1998
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THE FOLLOWING REPLACES THE COMPLEX FEE SCHEDULE TABLE ON PAGE 38:

                                 INVESTOR, R AND
                                 ADVISOR CLASS:                  INSTITUTIONAL
COMPLEX ASSETS                   FEE RATE                        CLASS: FEE RATE
--------------------------------------------------------------------------------
First $2.5 billion               0.3100%                         0.1100%
--------------------------------------------------------------------------------
Next $7.5 billion                0.3000%                         0.1000%
--------------------------------------------------------------------------------
Next $15 billion                 0.2985%                         0.0985%
--------------------------------------------------------------------------------
Next $25 billion                 0.2970%                         0.0970%
--------------------------------------------------------------------------------
Next $25 billion                 0.2870%                         0.0870%
--------------------------------------------------------------------------------
Next $25 billion                 0.2800%                         0.0800%
--------------------------------------------------------------------------------
Next $25 billion                 0.2700%                         0.0700%
--------------------------------------------------------------------------------
Next $25 billion                 0.2650%                         0.0650%
--------------------------------------------------------------------------------
Next $25 billion                 0.2600%                         0.0600%
--------------------------------------------------------------------------------
Next $25 billion                 0.2550%                         0.0550%
--------------------------------------------------------------------------------
Thereafter                       0.2500%                         0.0500%
--------------------------------------------------------------------------------




THE FOLLOWING REPLACES THE SECOND PARAGRAPH UNDER MULTIPLE CLASS STRUCTURE ON
PAGE 46:

The Investor Class is made available to investors directly from American Century
and/or through some financial intermediaries. Investor Class shares charge a
single unified management fee, without any load or commission payable to
American Century. Additional information regarding eligibility for Investor
Class shares may be found in the funds' prospectuses. The Institutional Class is
made available to institutional shareholders or through financial intermediaries
whose clients do not require the same level of shareholder and administrative
services from the advisor as Investor Class shareholders. As a result, the
advisor is able to charge this class a lower unified management fee. The Advisor
Class also is made available through financial intermediaries, for purchase by
individual investors who receive advisory and personal services from the
intermediary. The R Class is made available through financial intermediaries and
is generally used in 401(k) and other retirement plans. The unified management
fee for the R and Advisor Classes is the same as for Investor Class, but the R
and Advisor Class shares each are subject to a separate Master Distribution and
Individual Shareholder Services Plan (the R Class Plan and Advisor Class Plan,
respectively, and collectively, the plans) described below. The plans have been
adopted by the funds' Board of Trustees in accordance with Rule 12b-1 adopted by
the SEC under the Investment Company Act.

THE FOLLOWING IS ADDED AS A FOOTNOTE TO THE C CLASS PLAN HEADING ON PAGE 47:

(1)  As of December 3, 2007, the C Class of Ginnie Mae was combined with the
     Advisor Class of the fund.

THE FOLLOWING REPLACES THE ADVISOR CLASS PLAN SECTION ON PAGES 50-51:

Advisor Class Plan

As described in the prospectus, the funds' Advisor Class shares are made
available to participants in employer-sponsored retirement or savings plans and
to persons purchasing through broker-dealers, banks, insurance companies and
other financial intermediaries that provide various administrative, shareholder
and distribution services. The distributor enters into contracts with various
banks, broker-dealers, insurance companies and other financial intermediaries
with respect to the sale of the funds' shares and/or the use of the funds'
shares in various investment products or in connection with various financial
services.

Certain recordkeeping and administrative services that are provided by the
funds' transfer agent for the Investor Class shareholders may be performed by a
plan sponsor (or its agents) or by a financial intermediary for investors in the
Advisor Class. In addition to such services, the financial intermediaries
provide various distribution services.

To make the funds' shares available through such plans and financial
intermediaries, and to compensate them for these services, the funds' Board of
Trustees has adopted the Advisor Class Plan. Prior to September 4, 2007 for
Ginnie Mae and Inflation-Adjusted Bond, and December 3, 2007 for Government Bond
and Short-Term Government, the Advisor Class Plan required the Advisor Class to
pay 0.50% annually of the aggregate average daily net assets of the funds'
Advisor Class shares, 0.25% for certain ongoing shareholder and administrative
services (as described below) and 0.25% for distribution services, including
past distribution services (as described below). However, at shareholder
meetings on July 27, 2007 and August 24, 2007, the Advisor Class shareholders
approved a decrease in the fee required by the Advisor Class Plan of 0.25%, and
a corresponding increase in the Advisor Class management fee. This change was
made because the administrative services portion of the 12b-1 fee does not need
to be made out of the 12b-1 plan, but may properly be made out of the funds'
unified fee, consistent with the other classes of the funds. This change
resulted in no difference in the overall fee for the Advisor Class, but will
lower the amount of the 12b-1 fee charged under the Advisor Class Plan from and
after September 4, 2007 for Ginnie Mae and Inflation-Adjusted Bond, and from and
after December 3, 2007 for Government Bond and Short-Term Government. After
those dates, pursuant to the Advisor Class Plan, the Advisor Class pays the
funds' distributor 0.25% annually of the aggregate average daily net assets of
the funds' Advisor Class shares, which is paid for certain ongoing individual
shareholder services (as described below) and for distribution services,
including past distribution services (as described below). This payment is fixed
at 0.25% and is not based on expenses incurred by the distributor. During the
fiscal year ended March 31, 2007, the aggregate amount of fees paid under the
Advisor Class Plan was:

Ginnie Mae                           $371,650
Government Agency Money Market        $91,558
Government Bond                      $196,308
Inflation-Adjusted Bond            $2,559,098
Short-Term Government                $146,984


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The distributor then makes these payments to the financial intermediaries
(including underwriters and broker-dealers, who may use some of the proceeds to
compensate sales personnel) who offer the Advisor Class shares in payment for
provision of the services described below. No portion of these payments is used
by the distributor to pay for advertising, printing costs or interest expenses.

Prior to September 4, 2007 for Ginnie Mae and Inflation-Adjusted Bond, and
December 3, 2007 for Government Bond and Short-Term Government, 0.25% of the fee
charged pursuant to the Advisor Class Plan was for a variety of shareholder
services, including, but not limited to:

(a)  receiving, aggregating and processing purchase, exchange and redemption
     requests from beneficial owners (including contract owners of insurance
     products that utilize the funds as underlying investment media) of shares
     and placing purchase, exchange and redemption orders with the distributor;

(b)  providing investors with a service that invests the assets of their
     accounts in shares pursuant to specific or pre-authorized instructions;

(c)  processing dividend payments from a fund on behalf of investors and
     assisting investors in changing dividend options, account designations and
     addresses;

(d)  providing and maintaining elective services such as check writing and
     wire transfer services;

(e)  acting as shareholder of record and nominee for beneficial owners;

(f)  maintaining account records for investors and/or other beneficial
     owners;

(g)  issuing confirmations of transactions;

(h)  providing subaccounting with respect to shares beneficially owned by
     customers of third parties or providing the information to a fund as
     necessary for such subaccounting;

(i)  preparing and forwarding investor communications from the funds (such
     as proxies, shareholder reports, annual and semiannual financial statements
     and dividend, distribution and tax notices) to investors and/or other
     beneficial owners; and

(j)  providing other similar administrative and sub-transfer agency
     services.

Shareholder services do not include those activities and expenses that are
primarily intended to result in the sale of additional shares of the funds.
During the fiscal year ended March 31, 2007, the amount of fees paid by the
funds under the Advisor Class Plan for shareholder services was:

Ginnie Mae                              $185,825
Government Agency Money Market           $45,779
Government Bond                          $98,154
Inflation-Adjusted Bond               $1,279,549
Short-Term Government                    $73,492

Although these services are still being provided by the financial
intermediaries, after September 4, 2007 for Ginnie Mae and Inflation-Adjusted
Bond, and December 3, 2007 for Government Bond and Short-Term Government, they
will be reimbursed by the funds' advisor out of the unified management fee
rather than out of a 12b-1 fee, as described above.

Distribution services include any activity undertaken or expense incurred that
is primarily intended to result in the sale of Advisor Class shares, which
services may include, but are not limited to,

(a)  paying sales commissions, ongoing commissions and other payments to
     brokers, dealers, financial institutions or others who sell Advisor Class
     shares pursuant to selling agreements;

(b)  compensating registered representatives or other employees of the
     distributor who engage in or support distribution of the funds' Advisor
     Class shares;

(c)  compensating and paying expenses (including overhead and telephone
     expenses) of the distributor;

(d)  printing prospectuses, statements of additional information and
     reports for other-than-existing investors;

(e)  preparing, printing and distributing sales literature and advertising
     materials provided to the funds' shareholders and prospective shareholders;


(f)  receiving and answering correspondence from prospective investors,
     including distributing prospectuses, statements of additional information
     and shareholder reports;

(g)  providing facilities to answer questions from prospective shareholders
     about fund shares;

(h)  complying with federal and state securities laws pertaining to the
     sale of fund shares;

(i)  assisting shareholders in completing application forms and selecting
     dividend and other account options;


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(j)  providing other reasonable assistance in connection with the
     distribution of fund shares;

(k)  organizing and conducting sales seminars and payments in the form of
     transactional compensation or promotional incentives;

(l)  profit on the foregoing;

(m)  paying "service fees" for the provision of personal, continuing
     services to investors, as contemplated by the Conduct Rules of the FINRA;
     and

(n)  such other distribution and services activities as the advisor
     determines may be paid for by the funds pursuant to the terms of this
     Agreement and in accordance with Rule 12b-1 of the Investment Company Act.

During the fiscal year ended March 31, 2007, the amount of fees paid by the
funds under the Advisor Class Plan for distribution services was:

Ginnie Mae                                $185,825
Government Agency Money Market             $45,779
Government Bond                            $98,154
Inflation-Adjusted Bond                 $1,279,549
Short-Term Government                      $73,492

Beginning on September 4, 2007 for Ginnie Mae and Inflation-Adjusted Bond, and
December 3, 2007 for Government Bond and Short-Term Government, a portion of the
12b-1 fee will be paid to the distributor for certain individual shareholder
services. These payments may be made for a variety of individual shareholder
services, including, but not limited to:

(a)  providing individualized and customized investment advisory services,
     including the consideration of shareholder profiles and specific goals;

(b)  creating investment models and asset allocation models for use by
     shareholders in selecting appropriate funds;

(c)  conducting proprietary research about investment choices and the
     market in general;

(d)  periodic rebalancing of shareholder accounts to ensure compliance with
     the selected asset allocation;

(e)  consolidating shareholder accounts in one place; and

(f)  other individual services.

Individual shareholder services do not include those activities and expenses
that are primarily intended to result in the sale of additional shares of the
funds.

American Century Investment Services, Inc., Distributor

©2007 American Century Proprietary Holdings, Inc. All rights reserved.

The American Century Investments logo, American Century and American Century
Investments are service marks of American Century Proprietary Holdings, Inc.

SH-SPL-57461 0712