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<PAGE> PAGE 2
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SIGNATURE JAMES S. RIEPE
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK] 0000316968
[NAME] T. ROWE PRICE PRIME RESERVE FUND, INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] MAY-31-1995
[PERIOD-END] MAY-31-1995
[INVESTMENTS-AT-COST] 3832902
[INVESTMENTS-AT-VALUE] 3832567
[RECEIVABLES] 35631
[ASSETS-OTHER] 30
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3868228
[PAYABLE-FOR-SECURITIES] 5091
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 22359
[TOTAL-LIABILITIES] 27450
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3842561
[SHARES-COMMON-STOCK] 3843719
[SHARES-COMMON-PRIOR] 3632478
[ACCUMULATED-NII-CURRENT] 1765
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 3213
[ACCUM-APPREC-OR-DEPREC] (335)
[NET-ASSETS] 3840778
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 204597
[OTHER-INCOME] 0
[EXPENSES-NET] 25398
[NET-INVESTMENT-INCOME] 179199
[REALIZED-GAINS-CURRENT] 613
[APPREC-INCREASE-CURRENT] 2005
[NET-CHANGE-FROM-OPS] 181817
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 179540
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 6221625
[NUMBER-OF-SHARES-REDEEMED] 6183066
[SHARES-REINVESTED] 172682
[NET-CHANGE-IN-ASSETS] 213523
[ACCUMULATED-NII-PRIOR] 2106
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 3826
[GROSS-ADVISORY-FEES] 14784
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 25398
[AVERAGE-NET-ASSETS] 3766996
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .047
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .047
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .67
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
