PRICE T ROWE CAPITAL APPRECIATION FUND
NSAR-B, 2000-02-25
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<PAGE>      PAGE  1
000 B000000 12/31/99
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<PAGE>      PAGE  9
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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>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                           823798
<INVESTMENTS-AT-VALUE>                          858376
<RECEIVABLES>                                    15172
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  873548
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        17782
<TOTAL-LIABILITIES>                              17782
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        798345
<SHARES-COMMON-STOCK>                            68381
<SHARES-COMMON-PRIOR>                            75902
<ACCUMULATED-NII-CURRENT>                          561
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22282
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         34578
<NET-ASSETS>                                    855766
<DIVIDEND-INCOME>                                17436
<INTEREST-INCOME>                                23006
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    8260
<NET-INVESTMENT-INCOME>                          32182
<REALIZED-GAINS-CURRENT>                         78649
<APPREC-INCREASE-CURRENT>                      (47189)
<NET-CHANGE-FROM-OPS>                            63642
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (31320)
<DISTRIBUTIONS-OF-GAINS>                       (70780)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          10394
<NUMBER-OF-SHARES-REDEEMED>                    (25956)
<SHARES-REINVESTED>                               8041
<NET-CHANGE-IN-ASSETS>                        (147932)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        14413
<OVERDISTRIB-NII-PRIOR>                          (301)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             5793
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   8266
<AVERAGE-NET-ASSETS>                            934671
<PER-SHARE-NAV-BEGIN>                            13.22
<PER-SHARE-NII>                                   0.51
<PER-SHARE-GAIN-APPREC>                           0.41
<PER-SHARE-DIVIDEND>                             (0.5)
<PER-SHARE-DISTRIBUTIONS>                       (1.13)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.51
<EXPENSE-RATIO>                                   0.88


</TABLE>


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