PAGE 1
T. ROWE PRICE
_________________________________________________________________
SPECTRUM FUND, INC.
Ohio Supplement to Prospectus dated May 1, 1996
_________________________________________________________________
The investment policy of the Spectrum Funds permits
the Funds to own up to 30% of the voting securities of specified
Underlying Price Funds. See page 15 of the Prospectus.
Ohio Rule 1301:6-3-09(E)(8) prohibits any investment
company from purchasing the securities of any issuer if the
purchase would cause the investment company to hold more than 10%
of the voting securities of the issuer.
By providing the Notice and a statement that the
securities of the Spectrum Fund have been duly registered with
the Securities and Exchange Commission under the Investment
Company Act of 1940, the Spectrum Fund is in compliance with this
Rule.
_________________________________________________________________
The date of this Supplement is May 1, 1996.
_________________________________________________________________