PRICE T ROWE NEW INCOME FUND INC
DEFA14A, 1998-09-11
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                            SCHEDULE 14A INFORMATION
 
                Proxy Statement Pursuant to Section 14(a) of the
                        Securities Exchange Act of 1934
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      14a-6(e)(2))
 
T. Rowe Price Corporate Income Fund, Inc. 033-62275/811-07353
   T. Rowe Price Fixed Income Series, Inc. 033-52749/811-07153
       T. Rowe Price Limited-Term Bond Portfolio
       T. Rowe Price Prime Reserve Portfolio
   T. Rowe Price GNMA Fund, Inc. 033-01041/811-4441
   T. Rowe Price High Yield Fund, Inc. 002-93707/811-4119
   T. Rowe Price New Income Fund, Inc. 002-48848/811-2396
   T. Rowe Price Prime Reserve Fund, Inc. 002-54926/811-2603
   T. Rowe Price Short-Term Bond Fund, Inc. 002-87568/811-3894
   T. Rowe Price Short-Term U.S. Government Fund, Inc. 033-42206/811-6386
   T. Rowe Price State Tax-Free Income Trust 033-06533/811-4521
       Florida Insured Intermediate Tax-Free Fund
   T. Rowe Price Summit Funds, Inc. 033-50319/811-7093
       T. Rowe Price Summit Cash Reserves Fund
       T. Rowe Price Summit Limited-Term Bond Fund
       T. Rowe Price Summit GNMA Fund
   T. Rowe Price Tax-Exempt Money Fund, Inc. 002-67029/811-3055
   T. Rowe Price Tax-Free Insured Intermediate Bond Fund, Inc.
      033-49117/811-7051
   T. Rowe Price U.S. Treasury Funds, Inc. 033-30531/811-5860
       U.S. Treasury Intermediate Fund
       U.S. Treasury Long-Term Fund
       U.S. Treasury Money Fund
       _________________________________________________________________
                (NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
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