CONSENT OF INDEPENDENT ACCOUNTANTS
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We hereby consent to the incorporation by reference in T. Rowe Price Developing
Technologies Fund's, Inc. Registration Statement on Form N-1A ("Registration
Statement") of our reports dated January 20, 2000, relating to the financial
statements and financial highlights which appear in the December 31, 1999 Annual
Reports to Shareholders of T. Rowe Price Balanced Fund, Inc., T. Rowe Price Blue
Chip Growth Fund, Inc., T. Rowe Price Capital Appreciation Fund, T. Rowe Price
Capital Opportunity Fund, Inc., T. Rowe Price Diversified Small-Cap Growth Fund,
Inc., T. Rowe Price Dividend Growth Fund, Inc., T. Rowe Price Equity Income
Fund, T. Rowe Price Financial Services Fund, Inc., T. Rowe Price Growth & Income
Fund, Inc., T. Rowe Price Growth Stock Fund, Inc., T. Rowe Price Health Sciences
Fund, Inc., T. Rowe Price Index Trust, Inc. (comprising T. Rowe Price Equity
Index 500 Fund, T. Rowe Price Extended Equity Market Index Fund, and T. Rowe
Price Total Equity Market Index Fund), T. Rowe Price Media & Telecommunications
Fund, Inc., T. Rowe Price Mid-Cap Growth Fund, Inc., T. Rowe Price Mid-Cap Value
Fund, Inc., T. Rowe Price New America Growth Fund, T. Rowe Price New Era Fund,
Inc., T. Rowe Price New Horizons Fund, Inc., T. Rowe Price Real Estate Fund,
Inc., T. Rowe Price Science & Technology Fund, Inc., T. Rowe Price Small-Cap
Stock Fund, Inc., T. Rowe Price Small-Cap Value Fund, Inc., T. Rowe Price Value
Fund, Inc., and Institutional Equity Funds, Inc. (comprising Institutional
Mid-Cap Equity Growth Fund) which are also incorporated by reference into the
Registration Statement. We also consent to the reference to us under the
heading "Independent Accountants" in such Registration Statement.
/s/PricewaterhouseCoopersLLP
PricewaterhouseCoopers LLP
Baltimore, MD
June 28, 2000
