PRICE T ROWE CAPITAL APPRECIATION FUND
NSAR-A, 1998-08-21
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SIGNATURE   JAMES S. RIEPE                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000793347
<NAME> T.ROWE PRICE CAPITAL APPRECIATION FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               JUN-30-1998
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<ASSETS-OTHER>                                    (56)
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                            69959
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<APPREC-INCREASE-CURRENT>                      (25687)
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</TABLE>


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