PAGE 1
T. ROWE PRICE
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INTERNATIONAL FUNDS, INC.
Global Government Bond Fund
Emerging Markets Bond Fund
Supplement to Prospectus dated May 1, 1996
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Effective January 1, 1997, the first chart on page 4 of the
Prospectus will be replaced with the following chart reflecting
the extension of the Global Government Bond and Emerging Markets
Bond Funds' expense limitations:
Expense
Limitation Ratio Reimbursement
Period Limitation Date
Global Government January 1, 1997- 1.20% December 31, 2000
Bonda December 31, 1998
Emerging Markets January 1, 1997- 1.25% December 31, 2000
Bondb December 31, 1998
a The Global Government Bond Fund previously operated under a
1.20% limitation that expired December 31, 1996. The
reimbursement period for this limitation extends through
December 31, 1998.
b The Emerging Markets Bond Fund previously operated under a
1.25% limitation that expired December 31, 1996. The
reimbursement period for this limitation extends through
December 31, 1998.
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The date of this Supplement is December 30, 1996.
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