PRICE T ROWE NEW HORIZONS FUND INC
497, 1995-08-29
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          T. Rowe Price
                                                                               
          NEW  HORIZONS FUND, INC.
          Supplement to Prospectus dated May 1, 1995
          _________________________________________________________________
          ____________________________________________________________
          Effective immediately, the  following paragraph will be  added to
          the cover page:

               "The shares offered by  this prospectus are not  deposits or
               obligations of, or guaranteed or endorsed by, any  bank, and
               are   not   insured  by   the   Federal  Deposit   Insurance
               Corporation,  the  Federal  Reserve  Board,   or  any  other
               governmental  agency.   Investment  in  this  Fund  involves
               investment risk, including the loss of principal."
          _________________________________________________________________
          ______________________________________________________________
          The date of this Supplement is August 29, 1995.
          _________________________________________________________________
          ______________________________________________________________













































          


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