PRICE T ROWE SPECTRUM FUND INC
NSAR-B, 1997-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 808303
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T. ROWE PRICE SPECTRUM FUND, INC.
001 B000000 811-4998
001 C000000 4103452000
002 A000000 100 EAST PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   76
019 C00AA00 TROWEPRICE
022 A000001 T ROWE PRICE
022 C000001   1194953
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023 D000000     263326
045  00AA00 Y
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048 I01AA00        0
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077 A000000 Y
077 B000000 Y
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 NONE
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<PAGE>      PAGE  3
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070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
<PAGE>      PAGE  4
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE>      PAGE  5
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028 A010200     61318
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028 F020200    144007
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<PAGE>      PAGE  6
028 G020200    144007
028 G030200         0
028 G040200    165196
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070 A010200 Y
070 A020200 N
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070 B020200 N
070 C010200 N
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070 D010200 N
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070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
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070 L010200 N
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072 A000200 12
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<PAGE>      PAGE  7
072 H000200        0
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072 Z000200    25566
072AA000200   117652
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074 R040200     5260
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074 T000200  2104094
074 U010200   139027
074 U020200        0
074 V010200    15.13
074 V020200     0.00
074 W000200   0.0000
074 X000200    92156
074 Y000200        0
075 A000200        0
075 B000200  1616648
076  000200     0.00
SIGNATURE   HENRY H. HOPKINS                             
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

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<CIK> 0000808303
<NAME> T. ROWE PRICE SPECTRUM FUND, INC.
<SERIES>
   <NUMBER> 01
   <NAME> SPECTRUM INCOME FUND
<MULTIPLIER> 1000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808303
<NAME> T. ROWE PRICE SPECTRUM FUND, INC.
<SERIES>
   <NUMBER> 02
   <NAME> SPECTRUM GROWTH FUND
<MULTIPLIER> 1000
       
<S>                             <C>
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</TABLE>


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