PRICE T ROWE EQUITY INCOME FUND
NSAR-A, 1995-08-29
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SIGNATURE   JAMES S. RIEPE                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775688
<NAME> T. ROWE PRICE EQUITY INCOME FUND
<MULTIPLIER> 1000
       
<S>                             <C>
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<PERIOD-END>                               JUN-30-1995
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<RECEIVABLES>                                    39917
<ASSETS-OTHER>                                    3961
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<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                              81085
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       3418039
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<ACCUMULATED-NII-CURRENT>                         2358
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</TABLE>


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