T. ROWE PRICE TAX-EFFICIENT FUNDS, INC.
ARTICLES SUPPLEMENTARY
T. Rowe Price Tax-Efficient Funds, Inc., a Maryland corporation, having its
principal office in Baltimore City, Maryland (hereinafter called the
"Corporation"), hereby certifies to the State Department of Assessments and
Taxation of Maryland that:
FIRST: Pursuant to authority expressly vested in the Board of Directors of
the Corporation by Article Sixth of the Charter of the Corporation, the Board of
Directors has duly classified a number of shares of its unissued common stock
(determined in connection with the SECOND paragraph below) into a new series of
common stock to be designated the T. Rowe Price Tax-Efficient Multi-Cap Growth
Fund.
SECOND: After giving effect to the foregoing classification, the Board of
Directors has heretofore duly divided and classified an aggregate of
1,000,000,000 shares of the unissued Common Stock of the Corporation into the
following series on the dates indicated in the parentheses following the names
of the respective series: T. Rowe Price Tax-Efficient Balanced Fund (April 22,
1997), T. Rowe Price Tax-Efficient Growth (May 19, 1999), and T. Rowe Price
Tax-Efficient Multi-Cap Growth (October 18, 2000). Each such series shall
consist, until further changed, of the lesser of (x) 1,000,000,000 shares or (y)
the number of shares that could be issued by issuing all of the shares of any
series currently or hereafter classified less the total number of shares then
issued and outstanding in all of such series. All shares of each series have the
powers, preferences, other special rights, qualifications, restrictions, and
limitations set forth in the Charter. The Board of Directors also has provided
for the issuance of the shares of each such series.
THIRD: The stock has been classified by the Board of Directors under
authority contained in the Charter.
IN WITNESS WHEREOF, T. Rowe Price Tax-Efficient Funds, Inc. has caused
these Articles to be signed in its name and on its behalf by its Vice President
and witnessed by its Secretary on October 19, 2000.
WITNESS: T. ROWE PRICE TAX-EFFICIENT FUNDS, INC.
/s/Patricia B. Lippert /s/Henry H. Hopkins
__________________________ By: _______________________________
Patricia B. Lippert, Secretary Henry H. Hopkins, Vice President
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THE UNDERSIGNED, Vice President of T. Rowe Price Tax-Efficient Funds, Inc.,
who executed on behalf of the Corporation Articles Supplementary of which this
Certificate is made a part, hereby acknowledges in the name and on behalf of
said Corporation the foregoing Articles Supplementary to be the corporate act of
said Corporation and hereby certifies that the matters and facts set forth
herein with respect to the authorization and approval thereof are true in all
material respects under the penalties of perjury.
/s/Henry H. Hopkins
______________________________
Henry H. Hopkins, Vice President
