<PAGE> PAGE 1
000 B000000 12/31/96
000 C000000 834798
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
001 B000000 811-2215
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 N
007 B000000 0
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 76
019 C000000 TROWEPRICE
020 A000001 INSTINET
020 B000001 13-3443395
020 C000001 61
020 A000002 SMITH BARNEY SHEARSON
020 B000002 13-1912900
020 C000002 54
020 A000003 PAINE WEBBER
020 B000003 13-2638166
020 C000003 29
020 A000004 ALEX BROWN
020 B000004 52-1319768
020 C000004 27
020 A000005 MONTGOMERY SECURITIES
020 B000005 94-1701676
020 C000005 26
020 A000006 MESIROW CAPITAL
020 B000006 36-3194849
020 C000006 20
020 A000007 DONALDSON LUFKIN JENRETTE
<PAGE> PAGE 2
020 B000007 13-2741729
020 C000007 20
020 A000008 PETRIE PARKMAN
020 B000008 84-1108632
020 C000008 19
020 A000009 JEFFRIES & CO
020 B000009 95-2622900
020 C000009 18
020 A000010 J.B.WERE
020 B000010 13-3077027
020 C000010 18
021 000000 629
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 191929
022 D000001 10031
022 A000002 J.P.MORGAN
022 B000002 13-3224016
022 C000002 457663
022 D000002 0
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 409137
022 D000003 4240
022 A000004 GMAC
022 B000004 38-0572512
022 C000004 353471
022 D000004 0
022 A000005 DEUTSCHE MORGAN GRENFEL
022 B000005 13-2730828
022 C000005 291576
022 D000005 0
022 A000006 CHASE SECURITIES
022 B000006 13-3379014
022 C000006 254029
022 D000006 0
022 A000007 FIRST BOSTON
022 B000007 13-5659485
022 C000007 186720
022 D000007 10799
022 A000008 BANKERS TRUST
022 B000008 13-4941247
022 C000008 141341
022 D000008 0
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009 117762
022 D000009 7210
022 A000010 CITICORP
022 B000010 13-3187336
022 C000010 60864
<PAGE> PAGE 3
022 D000010 0
023 C000000 3439335
023 D000000 85129
024 000000 N
028 A010000 31928
028 A020000 0
028 A030000 0
028 A040000 45796
028 B010000 21164
028 B020000 0
028 B030000 0
028 B040000 16249
028 C010000 27187
028 C020000 0
028 C030000 0
028 C040000 15910
028 D010000 26083
028 D020000 0
028 D030000 0
028 D040000 22208
028 E010000 25252
028 E020000 0
028 E030000 0
028 E040000 15602
028 F010000 30678
028 F020000 67615
028 F030000 0
028 F040000 19060
028 G010000 162292
028 G020000 67615
028 G030000 0
028 G040000 134825
028 H000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
<PAGE> PAGE 4
071 A000000 388491
071 B000000 155099
071 C000000 1018083
071 D000000 15
072 A000000 12
072 B000000 11216
072 C000000 15486
072 D000000 0
072 E000000 0
072 F000000 8187
072 G000000 0
072 H000000 0
072 I000000 2498
072 J000000 105
072 K000000 48
072 L000000 99
072 M000000 18
072 N000000 304
072 O000000 0
072 P000000 0
072 Q000000 64
072 R000000 16
072 S000000 7
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 16
072 X000000 11362
072 Y000000 0
072 Z000000 15340
072AA000000 61605
072BB000000 0
072CC010000 188653
072CC020000 0
072DD010000 15749
072DD020000 0
072EE000000 54759
073 A010000 0.2300
073 A020000 0.0000
073 B000000 0.8000
073 C000000 0.0000
074 A000000 324
074 B000000 0
074 C000000 176756
074 D000000 14480
074 E000000 22648
074 F000000 1196278
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 2185
<PAGE> PAGE 5
074 K000000 0
074 L000000 6740
074 M000000 0
074 N000000 1419411
074 O000000 3978
074 P000000 218
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 5386
074 S000000 0
074 T000000 1409829
074 U010000 72074
074 U020000 0
074 V010000 19.56
074 V020000 0.00
074 W000000 0.0000
074 X000000 57428
074 Y000000 11000
075 A000000 0
075 B000000 1202757
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 60000
081 A000000 Y
081 B000000 95
082 A000000 Y
082 B000000 100
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE JAMES RIEPE
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000834798
<NAME> T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 1067639
<INVESTMENTS-AT-VALUE> 1410162
<RECEIVABLES> 8925
<ASSETS-OTHER> 324
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1419411
<PAYABLE-FOR-SECURITIES> 3978
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5604
<TOTAL-LIABILITIES> 9582
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1048056
<SHARES-COMMON-STOCK> 72074
<SHARES-COMMON-PRIOR> 56666
<ACCUMULATED-NII-CURRENT> 40
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19156
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 342577
<NET-ASSETS> 1409829
<DIVIDEND-INCOME> 15486
<INTEREST-INCOME> 11216
<OTHER-INCOME> 0
<EXPENSES-NET> 11362
<NET-INVESTMENT-INCOME> 15340
<REALIZED-GAINS-CURRENT> 61605
<APPREC-INCREASE-CURRENT> 188653
<NET-CHANGE-FROM-OPS> 265598
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 15749
<DISTRIBUTIONS-OF-GAINS> 54759
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26142
<NUMBER-OF-SHARES-REDEEMED> 14216
<SHARES-REINVESTED> 3482
<NET-CHANGE-IN-ASSETS> 473404
<ACCUMULATED-NII-PRIOR> 449
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 12310
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8187
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11362
<AVERAGE-NET-ASSETS> 1202757
<PER-SHARE-NAV-BEGIN> 16.53
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> 3.84
<PER-SHARE-DIVIDEND> .23
<PER-SHARE-DISTRIBUTIONS> .80
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.56
<EXPENSE-RATIO> .94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>