T. ROWE PRICE
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Growth & Income Fund, Inc.
Supplement to prospectus dated May 1, 2000
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Effective December 31, 2000, the Portfolio Management paragraph on page 13
of the prospectus will be replaced with the following:
Portfolio Management
The fund has an Investment Advisory Committee with the following members:
Robert W. Sharps, Chairman, Arthur B. Cecil III, Giri Devulapally, Michael
W. Holton, Stephen C. Jansen, Robert W. Smith, and R. Candler Young. The
committee chairman has day-to-day responsibility for managing the portfolio
and works with the committee in developing and executing the fund's
investment program. Mr. Sharps was elected chairman of the fund's committee
in 2000. He joined T. Rowe Price in 1997 and has been responsible for the
coverage of financial services stocks, with an emphasis on the banking and
brokerage industries. Prior to joining T. Rowe Price he was a Senior
Consultant at KPMG Peat Marwick from 1993 to 1995 and attended the Wharton
School of Business from 1995-1997.
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The date of this supplement is December 31, 2000.
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F54-041 12/31/00
