WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000080249
<NAME> T ROWE PRICE NEW INCOME FUND, INC.
<S> <C>
Financial Data Schedule Worksheet
T. Rowe Price New Income Fund
<PERIOD-TYPE>year
<FISCAL-YEAR-END> May-31-2000
<PERIOD-END> May-31-2000
<INVESTMENTS-AT-COST> 1,694,389
<INVESTMENTS-AT-VALUE> 1,614,722
<RECEIVABLES> 21,439
<ASSETS-OTHER> 97
<OTHER-ITEMS-ASSETS> 297,905
<TOTAL-ASSETS> 1,934,163
<PAYABLE-FOR-SECURITIES> 297,905
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,479
<TOTAL-LIABILITIES> 301,384
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,798,634
<SHARES-COMMON-STOCK> 202,439
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 2,791
<OVERDISTRIBUTION-NII> 2,791
<ACCUMULATED-NET-GAINS> (88,407)
<OVERDISTRIBUTION-GAINS> (88,407)
<ACCUM-APPREC-OR-DEPREC> (80,239)
<NET-ASSETS> 1,632,779
<DIVIDEND-INCOME> 1,408
<INTEREST-INCOME> 124,974
<OTHER-INCOME> 0
<EXPENSES-NET> 13,040
<NET-INVESTMENT-INCOME> 113,673
<REALIZED-GAINS-CURRENT> (71,654)
<APPREC-INCREASE-CURRENT> (23,998)
<NET-CHANGE-FROM-OPS> 18,021
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (113,579)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,373
<NUMBER-OF-SHARES-REDEEMED> (62,339)
<SHARES-REINVESTED> 12,863
<NET-CHANGE-IN-ASSETS> (308,994)
<ACCUMULATED-NII-PRIOR> 2,697
<ACCUMULATED-GAINS-PRIOR> (16,753)
<OVERDISTRIB-NII-PRIOR> 2,697
<OVERDIST-NET-GAINS-PRIOR> (16,753)
<GROSS-ADVISORY-FEES> 8,438
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 13,040
<AVERAGE-NET-ASSETS> 1,797,982
<PER-SHARE-NAV-BEGIN> 8.50
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> (0.43)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.52)
<RETURNS-OF-CAPITAL> 1.13
<PER-SHARE-NAV-END> 8.07
<EXPENSE-RATIO> 0.73
</TABLE>
