U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
T. Rowe Price Short-Term Bond Fund, Inc.
100 East Pratt Street
Baltimore, MD 21202
2. The name of each series or class of securities for which this Form is
filed (If the Form is being filed for all series and classes of
securities of the issuer, check the box but do not list series or
classes): /X/
3. Investment Company Act File Number: 811-3894
Securities Act File Number: 02-87568
4a. Last day of fiscal year for which this Form is filed:
May 31, 1999
4b. / / Check box if this Form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year). (See
Instruction A.2.)
Note: If the Form is being filed late, interest must be paid on the
registration fee due.
4c. / / Check box if this is the last time the issuer will be filing the
Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year pursuant
to section 24(f): $174,509,722
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year:$178,121,672
(iii) Aggregate price of securities redeemed
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or repurchased during any prior fiscal
year ending no earlier than October 11,
1995 that were not previously used to
reduce registration fees payable to
the Commission: $44,604,430
(iv) Total available redemption credits
[add items 5(ii) and 5(iii)]: -$222,726,102
(v) Net sales - if Item 5(i) is greater
than Item 5(iv) [subtract Item 5(iv)
from Item 5(i): $ -0-
(vi) Redemption credits available for use in
future years - if Item 5(I)is less than
Item 5(iv)[subtract Item 5(iv) from
Item 5(I)]: ($48,216,380)
(vii) Multiplier for determining registration
fee (See Instruction C.9): x .000278
(viii) Registration fee due [multiply Item
5(v) by Item 5(vii)] (enter "0" if no
fee is due): $ -0-
6. Prepaid Shares
If the response to Item 5(I) was determined
by deducting an amount of securities that were
registered under the Securities Act of 1933
pursuant to Rule 24e-2 as in effect before
October 11, 1997, then report the amount of
securities (number of shares or other units)
deducted here: -0-. If there is a number
of shares or other units that were registered
pursuant to Rule 24e-2 remaining unsold at
the end of the fiscal year for which this form
is filed that are available for use by the
issuer in future fiscal years, then state
that number here: 60,605,782 shares.
7. Interest due - if this Form is being filed
more than 90 days after the end of the
issuer's fiscal year (see Instruction D): +$ -0-
8. Total of the amount of the registration
fee due plus any interest due [line 5(viii)
plus line 7]: $ -0-
9. Date the registration fee and any interest
payment was sent to the Commission's lockbox
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depository: on or about July 29, 1999
Method of delivery: Wire transfer
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
Carmen F. Deyesu, Treasurer
By (Signature and Title)*
July 30, 1999
