PRICE T ROWE FINANCIAL SERVICES FUND INC
NSAR-B, 1997-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0001019286
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T. ROWE PRICE FINANCIAL SERVICES FUND, INC.
001 B000000 811-07749
001 C000000 4103452000
002 A000000 100 EAST PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 T. ROWE PRICE ASSOCIATES , INC.
008 B000001 A
008 C000001 801-856
008 D010001 BALTIMORE
008 D020001 MD
008 D030001 21202
011 A000001 T. ROWE PRICE INVESTMENT SERVICES, INC.
011 B000001 8-25130
011 C010001 BALTIMORE
011 C020001 MD
011 C030001 21202
012 A000001 T. ROWE PRICE SERVICES, INC.
012 B000001 84-1079
012 C010001 BALTIMORE
012 C020001 MD
012 C030001 21202
013 A000001 COOPERS AND LYBRAND
013 B010001 BALTIMORE
013 B020001 MD
<PAGE>      PAGE  2
013 B030001 21202
014 A000001 T. ROWE PRICE INVESTMENT SERVICES, INC.
014 B000001 8-25130
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   76
019 C000000 TROWEPRICE
020 A000001 INSTINET
020 B000001 13-3443395
020 C000001      9
020 A000002 EXECUTION SERVICES
020 B000002 13-3747159
020 C000002      6
020 A000003 FOX PITT KELTON INC.
020 B000003 06-1058201
020 C000003      4
020 A000004 BRIDGE TRADING
020 B000004 43-1450530
020 C000004      2
020 A000005 SMITH BARNEY SHEARSON
020 B000005 13-1912900
020 C000005      1
020 A000006 MERRILL LYNCH
020 B000006 13-5674085
020 C000006      1
020 A000007 SALOMON BROTHERS
020 B000007 13-3082694
020 C000007      1
020 A000008 BEAR STEARNS
020 B000008 13-3299429
020 C000008      1
020 A000009 LEHMAN BROTHERS
020 B000009 13-2518466
020 C000009      1
020 A000010 PAINE WEBBER
020 B000010 13-2638166
020 C000010      1
021  000000       28
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001     15423
022 D000001       282
022 A000002 JP MORGAN
022 B000002 13-3224016
022 C000002     14003
<PAGE>      PAGE  3
022 D000002         0
022 A000003 GMAC
022 B000003 38-0572512
022 C000003     12672
022 D000003         0
022 A000004 CHASE SECURITIES
022 B000004 94-2530763
022 C000004     12405
022 D000004         0
022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
022 C000005      5479
022 D000005       742
022 A000006 UTENDAHL CAPITAL PARTNERS
022 B000006 13-3663000
022 C000006      3000
022 D000006         0
022 A000007 FIRST BOSTON
022 B000007 13-5659485
022 C000007      2698
022 D000007         0
022 A000008 BANKERS TRUST
022 B000008 13-4941247
022 C000008      2472
022 D000008         0
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009      1785
022 D000009         0
022 A000010 PRUDENTIAL SECURITIES
022 B000010 22-2347336
022 C000010       705
022 D000010         0
023 C000000      73466
023 D000000       1135
024  000000 Y
025 A000001 LEHMAN BROTHERS
025 B000001 13-2518466
025 C000001 E
025 D000001     138
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
028 A010000         0
<PAGE>      PAGE  4
028 A020000         0
028 A030000         0
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028 D040000       129
028 E010000     16007
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028 E040000       260
028 F010000      9751
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028 F040000      2362
028 G010000     31647
028 G020000        71
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028 G040000      2751
028 H000000         0
029  000000 N
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
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032  000000      0
033  000000      0
034  000000 N
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036 B000000      0
037  000000 N
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<PAGE>      PAGE  5
043  000000      0
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048 A020000 0.000
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049  000000 N
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<PAGE>      PAGE  6
055 B000000 N
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061  000000     2500
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<PAGE>      PAGE  7
070 G010000 Y
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070 I010000 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 N/A
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086 F020000      0
SIGNATURE   JAMES RIEPE                                  
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001019286
<NAME> T. ROWE PRICE FINANCIAL SERVICES FUND, INC.
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                            29678
<INVESTMENTS-AT-VALUE>                           30863
<RECEIVABLES>                                     1013
<ASSETS-OTHER>                                      56
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   31932
<PAYABLE-FOR-SECURITIES>                          1651
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                               1885
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<PAID-IN-CAPITAL-COMMON>                         28862
<SHARES-COMMON-STOCK>                             2657
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                           63
<OVERDISTRIBUTION-NII>                               0
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<NET-ASSETS>                                     30047
<DIVIDEND-INCOME>                                   84
<INTEREST-INCOME>                                   25
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      46
<NET-INVESTMENT-INCOME>                             63
<REALIZED-GAINS-CURRENT>                             6
<APPREC-INCREASE-CURRENT>                         1185
<NET-CHANGE-FROM-OPS>                             1254
<EQUALIZATION>                                      47
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<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2899
<NUMBER-OF-SHARES-REDEEMED>                        248
<SHARES-REINVESTED>                                  6
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<ACCUMULATED-NII-PRIOR>                              0
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<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>


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