PRICE T ROWE HEALTH & LIFE SCIENCES FUND INC
N-18F1, 1996-01-16
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                                     FORM N-18F-1





                          SECURITIES AND EXCHANGE COMMISSION

                               Washington, D.C.  20549






                   NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                       UNDER THE INVESTMENT COMPANY ACT OF 1940






                       T. ROWE PRICE HEALTH SCIENCES FUND, INC.








































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                               NOTIFICATION OF ELECTION

               The undersigned registered open-end investment company
          hereby notifies the Securities and Exchange Commission that it
          elects to commit itself to pay in cash all redemptions by a
          shareholder of record as provided by Rule 18f-1 under the
          Investment Company Act of 1940.  It is understood that this
          election is irrevocable while such Rule is in effect unless the
          Commission by order upon application permits the withdrawal of
          this Notification of Election.


                                      SIGNATURE        
          SIGNATURE

               Pursuant to the requirements of Rule 18f-1 under the
          Investment Company Act of 1940, the registrant has caused this
          notification of election to be duly executed on its behalf in the
          City of Baltimore and the State of Maryland on the 16th day
          of January, 1995.


                          T. ROWE PRICE HEALTH SCIENCES FUND, INC.

                          By:/s/James S. Riepe
                          James S. Riepe, Vice President and Director


          Attest:

          /s/Patricia S. Butcher
          Patricia S. Butcher, Assistant Secretary


































          


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