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T. ROWE PRICE
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International Funds, Inc.
T. Rowe Price Global Bond Fund
Supplement to prospectus dated March 1, 2000
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Important Information About the Global Bond Fund
We want to let you know that on July 18, 2000, the Board of Directors of the T.
Rowe Price International Funds, Inc. recommended a plan of reorganization for
the Global Bond Fund. Under the reorganization, the assets of the fund would be
merged into the T. Rowe Price International Bond Fund. The Global Bond Fund was
closed to new investors on July 18.
If you hold shares in the Global Bond Fund at the close of business August 25,
2000, the "record" date, you will have the opportunity to vote on the
reorganization plan. Proxy materials and voting instructions will be mailed in
early September to shareholders of record, and a special shareholder meeting
will be held on October 25, 2000. If the proposal is approved, the transfer of
assets will take place soon thereafter, and you will then own shares with the
same total value in the International Bond Fund. The merger is designed to have
no adverse tax consequences for shareholders in the Global Bond Fund.
Please note that the Emerging Markets Bond Fund is not involved in the
reorganization plan.
Detailed information about the proposed reorganization is provided only by the
proxy. You may wish to read the information on the International Bond Fund in
the Foreign Bond Funds prospectus. If we can provide additional information
about the International Bond Fund or any other T. Rowe Price fund, please give
us a call at 1-800-225-5132 or visit our Web site at www.troweprice.com.
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The date of this supplement is July 19, 2000.
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C02-041 7/19/00
