T. ROWE PRICE
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International Funds, Inc.
Emerging Markets Stock Fund
Global Stock Fund
Supplement to prospectus dated March 1, 1999
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Effective November 1, 1999, footnotes (b), (c), and (d) to Table 3 of the
prospectus will be revised with the following to reflect the extension of the
funds' expense ratio limitations:
/b/Price-Fleming is contractually obligated to waive its fees and bear any
expenses to the extent such fees or expenses would cause the funds' ratios of
expenses to average net assets to exceed the indicated percentage
limitations. Fees waived or expenses paid or assumed are subject to
reimbursement to Price-Fleming by each fund through the indicated
reimbursement date, but no reimbursement will be made if it would result in a
fund's expense ratio exceeding its specified limit. A summary of the funds'
expense limitations and the periods for which they are effective is set forth
below:
<TABLE>
<CAPTION>
<S> <S> <C> <S> <S>
Fund Limitation Period Expense Ratio Limitation Reimbursement Date
Emerging Markets 11/1/99-10/31/01 1.75% 10/31/03
Stock
-----------------------------------------------------------------
Global Stock 11/1/99-10/31/01 1.20% 10/31/03
-----------------------------------------------------------------
International
Growth & Income 12/1/98-10/31/00 1.25% 10/31/02
</TABLE>
/c/The Emerging Markets Stock Fund operated under a 1.75% expense ratio
limitation that expired on October 31, 1998. Effective November 1, 1998,
Price-Fleming agreed to extend the expense limitation for a period of one
year through October 31, 1999. Fees waived or expenses assumed under these
agreements are subject to reimbursement to Price-Fleming by the fund whenever
the fund's expense ratio is below 1.75%. However, no reimbursement will be
made after October 31, 2000 (for the first agreement); or after October 31,
2001 (for the second agreement); or if it would result in the expense ratio
exceeding 1.75%.
/d/The Global Stock Fund previously operated under a 1.20% limitation that
expired October 31, 1999. The reimbursement period for this limitation
extends through October 31, 2001.
The date of this supplement is November 1, 1999.
C01-041
11/1/99
