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T. ROWE PRICE
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STATE TAX-FREE INCOME TRUST
New York Tax-Free Bond Fund
Supplement to Prospectus dated July 1, 1996
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Effective immediately, the paragraph entitled "Portfolio Management" on page
17 of the Prospectus in the section entitled "Organization and Management,"
will be replaced with the following:
Portfolio Management. The fund has an Investment Advisory Committee composed
of the following members: William F. Snider, Chairman, Jeremy N. Baker,
Patrice L. Berchtenbreiter, Paul W. Boltz, A. Gene Caponi, Patricia S. Deford,
Joseph K. Lynagh, Konstatine B. Mallas, William T. Reynolds, Theodore E.
Robson, and Arthur S. Varnado. The committee chairman has day-to-day
responsibility for managing the portfolio and works with the committee in
developing and executing the fund's investment program. Mr. Snider was
appointed as the fund's chairman in March 1997, and has been a member of the
fund's committee since 1994. Mr. Snider joined T. Rowe Price in 1991 and has
been managing investments for the past 4 years.
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The date of this supplement is April 3, 1997.
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