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T. ROWE PRICE
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NEW HORIZONS FUND, INC.
Supplement to Prospectus dated May 1, 1996
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The following paragraph will be added before the paragraph
entitled "How can I decide if the fund is appropriate for me?" on
page 5 of the Prospectus in the section entitled "Fund, Market,
and Risk Characteristics: What to Expect."
Who can purchase fund shares?
o The fund will not accept new accounts after 4:00 p.m. on
June 18, 1996, except for defined contribution retirement
plan accounts (including SEP-IRAs). The fund will not
accept new IRA accounts but will permit persons to effect a
direct rollover from a qualified retirement plan and open a
new IRA account in the fund.
o Shareholders who held shares prior to the closing are not
affected. Purchases of additional shares are permitted for
all existing accounts.
o The closing does not restrict shareholders from making
redemptions from their fund accounts.
o When deemed to be in the fund's best interests, the fund
reserves the right in appropriate cases to extend the
offering to other persons, to restrict sales further, or to
withdraw the offering altogether, all without notice.
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The date of this supplement is June 6, 1996.
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