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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 DIVERSIFIED SMALL-CAP GROWTH 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
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 2nd day of July, 1997.
T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC.
By: /s/Richard T. Whitney
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Richard T. Whitney
President
Attest: /s/Patricia S. Butcher
_______________________
Patricia S. Butcher
Assistant Secretary
