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T. ROWE PRICE
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State Tax-Free Income Trust
Virginia Short-Term Tax-Free Bond Fund
Supplement to prospectus dated July 1, 1999
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Effective March 1, 2000, the footnote to Table 2 on page 5 of the prospectus
will be revised with the following to reflect the extension of the fund's
expense ratio limitation:
/a/
To limit the fund's expenses, T. Rowe Price has contractually obligated itself
to bear any expenses through February 28, 2002, to the extent such expenses
would cause the ratio of expenses to average net assets to exceed 0.60%. Fees
waived or expenses paid or assumed under this agreement are subject to
reimbursement to T. Rowe Price whenever the fund's expense ratio is below
0.60%; however, no reimbursement will be made after February 29, 2004, or if it
would result in the expense ratio exceeding 0.60%. Any amounts reimbursed have
the effect of increasing fees otherwise paid by the fund.
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The date of this supplement is March 1, 2000
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C14-041 3/1/00
