<PAGE> PAGE 1
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001 A000000 INSTITUTIONAL EQUITY FUNDS, INC.
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020 A000007 PIPER JAFFRAY
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<PAGE> PAGE 2
020 B000009 13-5659485
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<PAGE> PAGE 4
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SIGNATURE JAMES RIEPE
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0001012968
<NAME> T. ROWE PRICE MID-CAP EQUITY GROWTH FUND
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</TABLE>