T. Rowe Price
_________________________________________________________________
T. Rowe Price Funds, 100 East Pratt Street, Baltimore, Maryland
21202
We Need Your Proxy Vote Now.
October 4, 1996
Dear Shareholder:
Several weeks ago, we sent you a notice of a special meeting of
shareholders and proxy materials describing a Plan of
Reorganization for the Fund to be voted on at the meeting on
October 30, 1996. As of today, we have not received your proxy,
and we want to remind you how important your vote is.
For your convenience, we are enclosing another proxy card and
postage paid envelope. Please take a moment now to complete this
card and mail it to us.
Your prompt action will help assure a quorum at the meeting and
avoid the additional expense to the Fund of another mailing to
solicit votes.
Thank you for your cooperation.
Sincerely,
/s/Lenora V. Hornung
Lenora V. Hornung
Secretary
