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T. ROWE PRICE
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Spectrum Fund, Inc.
Supplement to prospectus dated May 1, 1997
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The following fund description should be added to Table 5 on pages 25 and 26
of the prospectus within the Fixed Income category:
Fixed Income Objective/Program
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High Yield Fund High income and capital appreciation through
investments in high-yield ("junk") bonds. Average
maturity expected to be in the 8- to 12-year range.
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The date of this supplement is May 1, 1997. C08-041
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