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T. ROWE PRICE
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Index Trust, Inc.
T. Rowe Price Equity Index Fund
Supplement to prospectus dated May 1, 1997
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On page 2 of the prospectus, under Table 1, Shareholder Transaction Expenses,
footnote b will be replaced with the following:
/ b/
A $2.50 quarterly account maintenance fee is charged for accounts with balances
less than $10,000.
After the paragraph entitled "Keeping Your Account Open," on page 13 of the
prospectus, the following paragraph is added:
Account Maintenance Fee
The account maintenance fee is charged on a quarterly basis usually during the
last week of a calendar quarter. On the day of the assessment, accounts with
balances below $10,000 will be charged the fee. Please note that the fee will
be charged to accounts that fall below $10,000 due to market fluctuations or
other reasons. When an account with less than $10,000 is closed either through
redemption or exchange, the fee will be charged and deducted from the proceeds.
The fee will apply to IRA accounts. The fee does not apply to retirement plans
directly registered with T. Rowe Price Services.
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The date of the above supplement is September 5, 1997.
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Effective January 1, 1998, the footnote to Table 1 on page 2 of the prospectus
is revised to add the following sentences which describe the extension of the
fund's expense limitation through December 31, 1999:
Effective January 1, 1998, T. Rowe Price agreed to extend the existing
expense limitation of 0.40% for a period of two years through December 31,
1999. 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, 2001,
or if it would result in the expense ratio exceeding 0.40%.
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The date of the above supplement is December 31, 1997.
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F50-041 12/31/97
