PRICE T ROWE CAPITAL APPRECIATION FUND
NSAR-B, 1996-02-22
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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SIGNATURE   JAMES S. RIEPE                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

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<CIK> 0000793347
<NAME> T. ROWE PRICE CAPITAL APPRECIATION FUND
<MULTIPLIER> 1000
       
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</TABLE>


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