<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000793347
<NAME> T. ROWE PRICE CAPITAL APPRECIATION FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 733371
<INVESTMENTS-AT-VALUE> 771692
<RECEIVABLES> 10006
<ASSETS-OTHER> 6277
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 787976
<PAYABLE-FOR-SECURITIES> 2280
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7755
<TOTAL-LIABILITIES> 10036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 689924
<SHARES-COMMON-STOCK> 59566
<SHARES-COMMON-PRIOR> 68381
<ACCUMULATED-NII-CURRENT> 13319
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 36380
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38322
<NET-ASSETS> 777941
<DIVIDEND-INCOME> 6514
<INTEREST-INCOME> 9692
<OTHER-INCOME> 0
<EXPENSES-NET> 3448
<NET-INVESTMENT-INCOME> 12758
<REALIZED-GAINS-CURRENT> 14098
<APPREC-INCREASE-CURRENT> 3744
<NET-CHANGE-FROM-OPS> 30600
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4651
<NUMBER-OF-SHARES-REDEEMED> 13466
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (77825)
<ACCUMULATED-NII-PRIOR> 561
<ACCUMULATED-GAINS-PRIOR> 22282
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3453
<AVERAGE-NET-ASSETS> 784017
<PER-SHARE-NAV-BEGIN> 12.51
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.33
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.06
<EXPENSE-RATIO> 0.89
</TABLE>
