<PAGE 1>
T. ROWE PRICE
_________________________________________________________________
Index Trust, Inc.
Equity Index Fund
Supplement to Prospectus dated May 1, 1995
_________________________________________________________________
The following sentences will be added at the end of footnote (a)
to Table 1 under the section "Transaction and Fund Expenses" on
page 2 of the prospectus.
Effective January 1, 1996, T. Rowe Price agreed that the
expense ratio for the fund will not exceed 0.40%, for a
period of two years from January 1, 1996. This represents a
modest decrease of 0.05% in the expense limitation. Fees
waived or expenses paid or assumed under this agreement are
subject to reimbursement to T. Rowe Price by the fund
whenever the fund's expense ratio is below 0.40%; however,
no reimbursement will be made after December 31, 1999, or if
it would result in the expense ratio exceeding 0.40% for the
fund.
_________________________________________________________________
The date of this supplement is December 27, 1995.
_________________________________________________________________