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Previous: PRICE T ROWE INDEX TRUST INC, N-30D, 1999-08-11 |
Next: PRICE T ROWE INDEX TRUST INC, N-30D, 1999-08-11 |
<PAGE>
Semiannual Report -- Financial Statements
T. ROWE PRICE
EXTENDED EQUITY
MARKET INDEX
FUND
June 30, 1999
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Unaudited
FINANCIAL HIGHLIGHTS For a share outstanding throughout each period
- --------------------------------------------------------------------------------
6 Months 1/30/98
Ended Through
6/30/99 12/31/98
NET ASSET VALUE
Beginning of period $ 11.02 $ 10.00
----------------------------
Investment activities
Net investment income 0.04 0.08
Net realized and unrealized gain (loss) 1.20 1.13
----------------------------
Total from investment activities 1.24 1.21
----------------------------
Distributions
Net investment income - (0.08)
Net realized gain - (0.11)
----------------------------
Total distributions - (0.19)
----------------------------
NET ASSET VALUE
End of period $ 12.26 $ 11.02
----------------------------
Ratios/Supplemental Data
Total return++ 11.25% 12.29%
----------------------------
Ratio of total expenses to
average net assets 0.40%+ 0.40%+
----------------------------
Ratio of net investment
income to average net assets 0.91%+ 1.15%+
----------------------------
Portfolio turnover rate 19.1%+ 26.3%+
----------------------------
Net assets, end of period
(in thousands) $ 35,313 $ 20,743
----------------------------
++ Total return reflects the rate that an investor would have earned on an
investment in the fund during each period, assuming reinvestment of all
distributions and payment of no redemption or account fees.
+ Annualized
The accompanying notes are an integral part of these financial statements.
2
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Unaudited June 30, 1999
STATEMENT OF NET ASSETS Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
COMMON STOCKS AND RIGHTS 90.1%
BASIC MATERIALS 3.2%
Chemicals 1.6%
Solutia 1,400 $ 30
Sequa (Class A) * 400 28
IMC Global 1,500 26
Crompton & Knowles 1,300 25
Lyondell Petrochemical 1,200 25
Valhi 2,100 23
Cabot 900 22
Millennium Chemicals 900 21
Summa Industries * 1,600 21
Ivex Packaging * 900 20
Georgia Gulf 1,100 19
Airgas * 1,400 17
Furon 900 17
Lubrizol 600 16
Cytec Industries * 500 16
Arch Chemicals 650 16
M.A. Hanna * 900 15
O'Sullivan 1,200 15
Carlisle Companies 300 14
RPM 1,000 14
Witco 700 14
Synetic * 200 14
Gencorp 500 13
NL Industries 1,100 12
AEP Industries * 400 12
Catalytica * 800 11
Minerals Technologies 200 11
Home Products International * 1,300 11
Terra Nitrogen * 1,000 10
Finishmaster * 1,600 10
Olin 700 9
Valley National Gases * 2,000 9
International Specialty Products * 700 7
3
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Mississippi Chemical 700 $ 7
Tuscarora 400 5
ICO * 1,900 2
-------------
557
-------------
Forest and Paper Products 0.9%
Bowater 800 38
Sonoco Products 1,060 32
Smurfit-Stone Container * 1,500 31
Consolidated Papers 1,100 29
Wausau-Mosinee Paper 1,300 23
United Stationers * 900 20
Gaylord Container, (Class A) * 2,300 18
Mail-Well * 1,100 18
Workflow Management * 1,192 17
Rock-Tenn 1,000 17
Pope & Talbot 1,200 15
Baltek * 1,400 13
Boise Cascade Office Products * 1,000 12
Universal Forest Products 500 11
Badger Paper Mills * 1,200 8
FiberMark * 600 8
Tufco Technologies * 900 7
Crown Vantage * 1,000 2
-------------
319
-------------
Gold 0.0%
Royal Gold 2,000 9
-------------
9
-------------
Metals and Mining 0.7%
USEC 1,800 27
AK Steel 1,100 25
NS Group * 2,200 20
Titanium Metals 1,800 20
Gibraltar Steel 800 20
MAXXAM * 300 19
Mueller Inds * 500 17
Texas Industries 400 16
Tremont 600 13
Wolverine Tube * 500 13
4
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Arch Coal 900 $ 12
Rock Of Ages * 1,200 12
Steel Technologies 1,000 9
Steel Dynamics * 400 6
Huntco 900 3
Pittston Minerals 600 1
------------
233
------------
Total Basic Materials 1,118
------------
BUSINESS SERVICES 5.7%
Advertising 1.1%
CMG Information Services * 900 102
Outdoor Systems * 1,900 69
Doubleclick * 400 37
Young & Rubicam 800 36
Harte-Hanks 1,300 35
Valassis Communications * 900 33
TMP Worldwide * 500 32
Catalina Marketing * 300 28
Lamar Advertising * 400 17
------------
389
------------
Business Services 2.2%
Concord EFS * 1,300 55
Verisign * 600 52
Quintiles Transnational * 1,100 46
NorthPoint Communications Group * 1,100 40
Reynolds & Reynolds 1,500 35
Viad 1,100 34
Snyder Communications * 1,000 33
National Data 700 30
SEI 300 26
Gartner Group (Class A) * 1,200 25
Sylvan Learning Systems * 900 24
A.C. Nielson * 800 24
Sotheby's (Class A) 600 23
NOVA * 900 23
US Oncology * 1,758 21
5
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
International Telecommunication Data Systems * 1,100 $ 18
Peekskill Financial 1,300 17
Automobile Protection * 1,300 17
Tetra Tech * 1,000 17
Value Line 400 16
Whittman-Hart * 500 16
Navigant * 1,969 15
ProBusiness Services * 400 14
Information Resources * 1,600 14
West TeleServices * 1,400 13
Staff Leasing * 1,000 13
MPW Industrial Services Group * 1,200 12
Nielsen Media Research 400 12
Metzler Group * 400 11
Prepaid Legal Services * 400 11
Iron Mountain * 300 9
Network Event Theater * 500 8
Opinion Research * 1,400 8
SPECTRX * 1,000 8
AmeriPath * 800 7
Cheap Tickets * 200 7
Hagler Bailly * 600 6
APAC TeleServices * 1,200 4
SITEL * 900 3
-------------
767
-------------
Environmental Services 0.7%
Republic Services * 4,700 84
Republic Services (Class A) * 1,800 45
Allied Waste Industries * 2,100 41
Safety Kleen * 1,000 18
Superior Services * 600 16
Ecology and Environment (Class A) 1,900 13
Harding Lawson Associates * 1,500 13
U.S. Liquids * 600 12
Metal Management * 600 1
-------------
243
-------------
Industrial Services 1.7%
Cintas 1,100 74
6
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
ServiceMaster 3,050 $ 57
Hertz 500 31
GATX 800 30
Apollo Group (Class A) * 1,100 29
Modis Professional Services * 2,100 29
Robert Half International * 1,100 29
Manpower 1,200 27
Hanover Compressor * 800 26
Apria Healthcare * 1,400 24
United Rentals * 800 24
Dollar Thrifty Auto Group * 1,000 23
Devry * 1,000 22
Labor Ready * 600 19
Avis Rent A Car * 600 17
Wackenhut Corrections * 800 16
G & K Services 300 16
ABM Industries 500 15
Borg Warner Security * 700 14
Olsten 2,200 14
Budget Group (Class A) * 1,100 14
Rent Way * 500 12
C.H. Heist * 1,700 11
Caribiner International * 1,800 11
Pittston Services 400 11
UniFirst 500 9
Volt Information Sciences * 300 7
-------------
611
-------------
Total Business Services 2,010
-------------
CONSUMER DISCRETIONARY 7.2%
Entertainment 0.7%
Royal Caribbean Cruises 1,800 79
Premier Parks * 800 29
Metro Goldwyn Mayer * 1,600 29
Pixar * 600 26
SFX Entertainment (Class A) * 400 26
Cedar Fair 900 22
7
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Handleman * 1,800 $ 21
Marcus 700 9
-------------
241
-------------
Hotels 0.6%
MGM Grand * 998 49
Mandalay Resort Group * 1,400 30
Aztar * 3,100 28
Host Marriott 2,174 26
Park Place Entertainment * 2,600 25
Promus Hotel * 800 25
NS & L Bancorp 1,200 16
Crestline Capital * 600 10
Interstate Hotels * 67 0
-------------
209
-------------
Leisure 1.0%
Harley-Davidson 1,500 82
Blyth Industries * 900 31
Hollywood Park * 1,400 24
Oneida 800 23
Polaris Industries 500 22
GTECH * 900 21
Steinway Musical Instruments * 800 21
WMS Industries * 1,200 20
International Game Technology 1,100 20
Callaway Golf 1,300 19
Speedway Motorsports * 400 16
Panavision * 1,700 11
Lazare Kaplan International * 1,100 11
Play By Play Toys & Novelties * 2,400 10
Dover Downs Entertainment 400 7
Concord Camera * 1,300 7
Penn National Gaming * 700 6
Seattle Filmworks * 600 2
-------------
353
-------------
Media 3.2%
Cox Communications (Class A) * 5,200 191
Cablevision Systems (Class A) * 1,200 84
Chancellor Media * 1,400 77
8
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Univision Communications * 1,000 $ 66
Washington Post (Class B) 100 54
Broadcast.com * 400 53
Infinity Broadcasting (Class A) * 1,600 48
United International Holdings (Class A) * 700 47
Hispanic Broadcasting * 600 46
BHC Communications (Class A) 300 39
Adelphia Communications * 600 39
E. W. Scripps 800 38
Century Communications (Class A) * 800 37
TCA Cable TV 600 33
Fox Entertainment Group (Class A) * 1,100 30
Chris-Craft * 624 29
TV Guide * 800 29
RCN * 700 29
A. H. Belo (Class A) 1,200 24
United Television 200 21
Jones Intercable * 400 20
EchoStar Communications (Class A) * 100 15
Media General 300 15
Pulitzer 300 15
Citadel Communications * 400 15
Hearst Argyle Television * 491 12
Ascent Entertainment * 700 10
Saga Communications (Class A) * 400 7
Launch Media * 400 7
-------------
1,130
-------------
Publishing 0.9%
Reader's Digest (Class A) 1,200 48
PRIMEDIA * 2,400 41
Wiley John & Son 1,600 28
Central Newspapers (Class A) 600 23
McClatchy (Class A) 600 20
Ziff-Davis * 1,200 19
Wallace Computer Services 700 17
World Color Press * 600 17
Daily Journal * 400 15
Houghton Mifflin 300 14
9
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
New England Business Service 400 $ 12
American Business Products 800 12
Merrill 700 10
Hollinger International (Class A) 600 7
Franklin Covey * 800 6
TST/ Impreso * 1,300 5
Successories * 1,700 4
-------------
298
-------------
Restaurants 0.8%
Starbucks * 2,000 75
Outback Steakhouse * 1,200 47
Papa Johns * 600 27
Brinker * 800 22
Cracker Barrel * 1,100 19
Consolidated Products * 1,000 18
Buffets * 1,400 16
Avado Brands 1,700 14
Sbarro * 500 13
Cooker Restaurant 2,100 12
CKE Restaurants 550 9
Ark Restaurants * 800 9
Schlotzsky's * 700 7
Ryan's Family Steak Houses * 500 6
-------------
294
-------------
Total Consumer Discretionary 2,525
-------------
CONSUMER NONDURABLES 3.3%
Beverages 0.0%
TRIARC COMPANIES * 500 11
Pure World * 1,140 5
-------------
16
-------------
Food 1.7%
Tyson Foods (Class A) 1,900 43
McCormick 1,200 38
Hormel Foods 900 36
Dean Foods 800 33
Keebler Foods * 1,000 30
10
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Nabisco Holdings (Class A) 700 $ 30
Pepsi Bottling Group 1,300 30
IBP 1,100 26
Flowers Industries 1,100 24
Universal Foods 1,100 23
Richfood Holdings 1,300 23
U.S. Foodservice * 500 21
Dole Food 700 21
Interstate Bakeries 900 20
Whitman 1,100 20
International Home Foods * 1,000 18
American Italian Pasta * 600 18
Fresh Del Monte Produce * 1,200 17
Suiza Foods * 400 17
Worthington Foods 1,000 17
Fleming Companies 1,300 15
Imperial Sugar 2,100 15
United Natural Foods * 500 12
Green Mountain Coffee * 1,700 12
National Beverage * 1,100 10
Ralcorp Holdings * 600 10
Earthgrains 300 8
Cagles 400 7
Delta Pine & Land 200 6
-------------
600
-------------
Home Products 0.6%
Estee Lauder 1,200 60
Dial Corp 1,200 45
Lancaster Colony 800 27
Premark International 600 23
Revlon (Class A) * 700 21
Guest Supply * 900 12
Block Drug (Class A) 200 8
French Fragrances * 1,100 8
Platinum Entertainment * 1,000 8
Ekco Group * 1,100 4
Enamelon * 1,400 2
-------------
218
-------------
11
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Liquor 0.1%
Canandaigua Brands (Class A) * 300 $ 16
Robert Mondavi (Class A) * 300 11
Todhunter Intl * 1,200 10
-------------
37
-------------
Textiles and Apparel 0.7%
Jones Apparel Group * 1,550 53
WestPoint Stevens 1,100 33
Warnaco Group (Class A) 900 24
Kellwood 800 22
Unifi * 900 19
Quicksilver * 600 16
Nautica Enterprises * 800 13
Culp 1,100 12
Polo Ralph Lauren * 600 11
Polymer Group * 900 11
bebe stores * 300 10
Haggar 700 9
R. G. Barry * 1,100 9
Hartmarx * 2,000 8
-------------
250
-------------
Tobacco 0.2%
R.J. Reynolds Tobacco * 1,000 31
Universal 500 14
Brooke Group 600 14
Standard Commercial 600 4
-------------
63
-------------
Total Consumer Nondurables 1,184
-------------
DURABLE GOODS 7.0%
Consumer Durables 0.7%
Leggett & Platt 2,100 58
HON Industries 900 26
Herman Miller * 1,200 25
Shaw Industries * 1,400 23
La-Z-Boy 900 21
Mohawk Industries * 600 18
12
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Sunbeam * 2,200 $ 18
Kimball International 900 15
Bush Industries (Class A) 900 15
Knoll * 500 13
O'Sullivan Industries * 700 12
Mikasa 800 9
-------------
253
-------------
Construction & Real Property 5.5%
Equity Office Properties, REIT 2,700 69
Equity Residential Properties Trust, REIT 1,300 59
Starwood Hotels & Resorts, REIT 1,800 55
Simon DeBartolo Group, REIT 1,900 48
Public Storage, REIT 1,600 45
Archstone Communities Trust, REIT 2,000 44
USG 700 39
Starwood Financial Trust (Class A) 600 37
ProLogis Trust, REIT 1,760 36
Martin Marietta Materials 600 35
Vornado Realty Trust, REIT 1,000 35
Kimco Realty, REIT 900 35
Apartment Investment & Management, REIT 800 34
Crescent Real Estate Equities, REIT 1,400 33
Southdown 500 32
Lafarge 900 32
Spieker Properties, REIT 800 31
Catellus Development * 2,000 31
Avalonbay Communities, REIT 784 29
Boston Properties, REIT 800 29
Johns Manville 2,200 29
Georgia Pac Timber 1,100 28
Highwoods Properties, REIT 1,000 27
Elcor 600 26
AMB Property 1,100 26
Rouse 1,000 25
Liberty Property, REIT 1,000 25
Mack-Cali Realty, REIT 800 25
HRPT Properties Trust, REIT 1,600 24
Cornerstone Properties, REIT 1,500 24
13
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Cousins Properties, REIT 700 $ 24
New Plan Excel Reality Trust, REIT 1,300 23
Federal Realty Investment Trust, REIT 1,000 23
Duke Realty Investments, REIT 1,000 23
CarrAmerica Realty, REIT 900 22
Granite Construction 750 22
Developers Diversified Realty, REIT 1,300 22
Lennar 900 22
Meditrust, REIT 1,632 21
Sun Communities, REIT 600 21
Felcor Suite Hotels, REIT 1,000 21
Post Properties, REIT 500 20
D.R. Horton 1,200 20
Comfort Systems USA * 1,100 20
Regency Realty, REIT 900 20
Arden Realty, REIT 800 20
Franchise Finance, REIT 800 18
Weingarten Realty Investors, REIT 400 17
Camden Property Trust, REIT 600 17
Morrison Knudsen * 1,600 16
First Industrial Realty, REIT 600 16
Hospitality Properties Trust, REIT 600 16
Macerich, REIT 600 16
Nationwide Health Properties, REIT 800 15
Weeks, REIT 500 15
Jacobs Engineering Group * 400 15
Westfield America 1,000 15
MDC Holdings 700 15
Jones Lang Lasalle * 500 15
Chelsea GCA, REIT 400 15
Trammell Crow * 900 15
General Growth Properties, REIT 400 14
Colonial Properties Trust, REIT 500 14
Lexington Corporate Properties, REIT 1,200 14
Price Enterprises, REIT 1,924 14
Brandywine Reality Trust, REIT 700 14
Florida Rock Industries 300 14
14
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Prison Realty, REIT 1,387 $ 14
Parkway Properties, REIT 400 13
Manufactured Home Communities, REIT 500 13
Koger Equity, REIT 700 13
Glenborough Realty Trust, REIT 700 12
EastGroup Properties, REIT 600 12
Lexford Residential Trust, REIT 500 12
Health Care, REIT 500 12
Health Care Property Investors 400 12
Butler Manufacturing 400 11
American Locker Group * 1,200 11
CBL & Associates Properties, REIT 400 11
Oakwood Homes 800 10
Crown American Reality, REIT 1,300 9
Wyndham International 2,039 9
Beazer Homes * 400 9
TriNet Corporation Reality Trust, REIT 300 8
Fairfield Communities * 500 8
Pittsburgh & West Virginia Railroad 1,000 8
Perini * 1,000 6
Monmouth Real Estate Investment, REIT 1,000 6
Miller Building Systems * 800 5
-------------
1,935
-------------
Motor Vehicles & Parts 0.8%
Federal-Mogul 800 42
Lear * 700 35
Gentex * 900 25
Hayes Lemmerz International * 700 21
Meritor Automotive 700 18
Standard Motor Products 700 17
Dura Automotive Systems * 500 17
Borg-Warner 300 16
Coachmen Industries 700 16
Tower Automotive * 600 15
Bandag 400 14
Copart * 600 13
Arvin Industries 300 11
Modine Manufacturing 300 10
15
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Superior Industries Intl 300 $ 8
Aftermarket Technology * 700 8
Smc * 1,200 6
-------------
292
-------------
Total Durable Goods 2,480
-------------
ENERGY 3.0%
Energy Reserves & Production 1.0%
Vastar Resources 1,100 58
Enron Oil & Gas 1,900 38
Dynegy 1,600 33
Ocean Energy * 2,600 25
Murphy Oil 500 24
Noble Affiliates 800 23
BP Prudhoe Bay Royalty Trust 3,000 22
Houston Exploration * 1,100 21
Pioneer Natural Resources 1,800 20
Northwestern Public Service 800 19
Pogo Producing 900 17
Forest Oil * 1,200 15
Devon Energy 400 14
Leviathan Gas Pipeline 500 12
Pennzenergy 500 8
Meridian Resource * 1,700 7
Howell 1,200 6
Chesapeake Energy * 1,200 3
Brigham Exploration * 900 2
-------------
367
-------------
Oil Refining Distribution 0.7%
Conoco (Class A) 1,700 47
Tosco 1,700 44
UtiliCorp United 900 22
Ultramar Diamond Shamrock 1,000 22
Valero Energy 1,000 22
Equitable Resources 400 15
Teppco Partners 600 15
Pennzoil-Quaker State 800 12
16
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
World Fuel Services 700 $ 10
Adams Resources & Energy 1,100 9
Kaneb Services * 1,900 8
Giant Industries 600 6
-------------
232
-------------
Oil Service 1.3%
Weatherford International 1,190 44
Diamond Offshore Drilling 1,200 34
Noble Drilling * 1,600 31
Smith International 700 30
Global Marine * 1,900 29
Nabors Industries * 1,100 27
ENSCO International 1,300 26
Global Industries 2,000 26
Santa Fe International 1,100 25
Transocean Offshore 900 24
BJ Services * 800 24
Tuboscope Vetco * 1,500 20
Newpark Resources * 2,300 20
Tidewater * 600 18
Cooper Cameron * 400 15
National Oilwell * 1,000 14
R & B Falcon * 1,240 12
Offshore Logistics * 800 9
Dawson Geophysical * 800 8
UTI Energy * 400 7
-------------
443
-------------
Total Energy 1,042
-------------
FINANCIAL 16.9%
Bank and Trust 5.2%
Marshall & Ilsley 1,100 71
First Security 2,389 65
UnionBancal 1,800 65
First Tennessee National 1,500 58
Zions Bancorp 900 57
First American 1,334 55
17
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
M & T Bank 100 $ 55
Charter One Financial 1,835 51
Old Kent Financial * 1,181 49
Popular 1,600 49
CNB Bancshares 710 40
Associated Banc-Corp 975 40
FirstMerit 1,400 39
North Fork Bancorporation 1,750 37
Compass Bancshares 1,350 37
First Virginia Banks 700 34
TCF Financial 1,200 33
Commerce Bancshares 825 33
Peoples Heritage Financial Group 1,700 32
Mercantile Bankshares 900 32
CCB Financial 600 32
Hibernia Corp. (Class A) 2,000 31
Provident Financial Group 700 30
City National 800 30
Trustmark 1,300 30
Wilmington Trust 500 29
National Commerce Bancorporation 1,300 29
Centura Banks 500 28
US Trust 300 28
UST 900 27
Fulton Financial 1,265 26
Pacific Century Financial 1,200 26
Commercial Federal 1,100 26
Keystone Financial 800 24
Old National Bancorp 780 23
Valley National Bancorp 813 23
One Valley Bancorp 600 23
Cullen/Frost Bankers 800 22
WestAmerica 600 22
Midwest Banc Holdings 1,000 19
First United Bancshares 1,000 19
Bancwest 500 19
Merchants Bancshares 800 18
18
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Trustco Bank 660 $ 18
Wintrust Financial 1,000 18
Silicon Valley Bancshares * 700 17
Commerce Bancorp 400 17
First Midwest Bancorp 430 17
Arrow Financial 640 17
Colonial Bancgroup 1,200 17
Susquehanna Bancshares 950 17
Community First Bankshares 700 17
Sky Financial Group 600 16
U.S. Bancorp * 1,000 16
Hudson United Bancorp 500 15
BOK Financial * 600 15
PFF Bancorp * 700 13
First Commonwealth Financial 500 12
Net Bank * 300 11
Peoples Bancorp 1,147 11
Independence Community Bank 800 11
F&M National 300 10
BWC Financial * 400 9
Niagara Bancorp 800 9
-------------
1,819
-------------
Financial Services 1.4%
Comdisco 2,100 54
The CIT Group (Class A) 1,700 49
FINOVA Group 800 42
Express Scripts (Class A) * 500 30
AmeriCredit * 1,600 26
Erie Indemnity 900 25
Arthur J. Gallagher 500 25
Clayton Homes 2,050 23
Nextcard * 600 20
Markel * 100 19
Cash America Investments 1,300 17
Metris Companies 400 16
Litchfield Financial 900 15
Allied Capital 600 14
Perry County Financial 700 14
19
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Heller Financial 500 $ 14
ADVANTA 766 14
E.W. Blanch 200 14
PEC Israel Economic * 400 13
Matrix Capital * 800 12
Crawford (Class B) 600 10
Student Loan Corporation 200 9
Actrade International Limited * 600 8
Insignia Financial Group * 700 7
-------------
490
-------------
Life & Health Insurance 0.6%
ReliaStar Financial 1,000 44
Protective Life 1,000 33
UICI 900 25
Hartford Life (Class A) 400 21
Liberty Financial 700 21
Kansas City Life Insurance 400 18
MONY Group 500 16
Reinsurance Group America 450 16
Guarantee Life 600 15
American Heritage Life Investment 300 7
-------------
216
-------------
Property & Casualty Insurance 5.1%
Berkshire Hathaway (Class A) * 15 1,033
CNA Financial * 1,500 60
AMBAC 800 46
Travelers Property Casualty (Class A) 1,000 39
Transatlantic Holdings 500 37
Allmerica Financial 600 36
American National Insurance 500 36
Unitrin 800 33
Wesco Financial 100 31
American Financial Group 900 31
American Bankers 500 27
Mercury General 800 27
PMI Group 400 25
Old Republic International 1,350 23
Leucadia National 900 23
20
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Financial Security Assurance 400 $ 21
Fremont General 1,100 21
Radian Group 400 20
Everest Reinsurance Holdings 500 16
Horace Mann Educators 600 16
Frontier Insurance Group 1,030 16
20th Century Industries 800 15
State Auto Financial 1,100 15
Commerce Group 600 15
Midland 500 13
BancInsurance * 2,310 13
First American 700 13
Reliance Group Holdings 1,500 11
Superior National Insurance Group * 400 11
Acceptance Insurance * 700 11
Harleysville Group 500 10
Trenwick Group 400 10
Capital Re 600 10
Highlands Insurance Group * 900 9
NYMAGIC 600 9
Chartwell Re 500 9
RLI 200 8
Triad Guaranty * 400 7
Risk Capital Holdings * 500 7
Amwest Insurance Group 726 7
-------------
1,820
-------------
Securities & Asset Management 3.3%
Goldman Sachs Group * 4,400 318
Equitable Companies 2,300 154
E*TRADE Group * 2,300 92
Knight Trimark Group * 1,400 85
Donaldson, Lufkin & Jenrette 1,300 78
AmeriTrade * 600 64
Alliance Capital 1,800 58
A.G. Edwards 1,300 42
Eaton Vance 1,100 38
Federated Investors (Class B) 1,500 27
Raymond James Financial 1,100 26
21
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Waddell & Reed Financial (Class A) 900 $ 25
Legg Mason 600 23
John Nuveen (Class A) 500 21
Morgan Keegan 1,000 19
United Asset Management 800 18
PIMCO Advisors Holdings 600 18
Hambrecht & Quist Group * 400 15
Nvest LP 500 12
Dain Rauscher 200 11
Cabot Industrial 500 11
Peoples Financial Corporation of Ohio 600 6
-------------
1,161
-------------
Thrift Institutions 1.3%
Greenpoint Financial 1,200 39
Astoria Financial 800 35
Golden Sate Bancorp * 1,400 31
People's Bank * 1,000 31
Dime Bancorp 1,500 30
Sovereign Bancorp 2,183 27
St. Paul Bancorp 1,000 26
Washington Federal 1,080 24
FirstFed Financial * 1,100 21
Home Federal Savings Bank 700 20
St. Francis Capital 900 20
First Indiana 900 20
Queens County Bancorp 600 19
First Bancorp Puerto Rico 800 18
Ameriana Bancorp 960 16
Wood Bancorp 800 16
ISB Financial 700 15
Staten Island Bancorp 800 14
Roslyn Bancorp 800 14
Bank United 300 12
Mid Coast Bancorp 1,500 11
StateFed Financial 800 9
Bedford Bancshares 600 8
-------------
476
-------------
Total Financial 5,982
-------------
22
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
HEALTH CARE 5.8%
Drugs 3.0%
Biogen * 1,600 $ 103
Immunex * 800 102
Genzyme * 1,100 53
Forest Laboratories * 900 42
Chiron * 2,000 41
MedImmune * 600 41
Centocor * 800 37
Priority Healthcare (Class B) * 750 36
Mylan Laboratories 1,300 34
Bergen Brunswig 1,915 33
ICOS * 800 33
Sepracor * 400 32
Andrx * 400 31
ICN Pharmaceuticals 900 29
Human Genome Sciences * 700 28
Cygnus * 2,100 27
Gilead Sciences * 500 26
Affymetrix * 500 25
Roberts Pharmaceutical * 900 22
Covance * 900 22
Bindley Western Industries 888 20
D&K Healthcare * 800 19
Jones Pharma 400 16
Digene * 1,400 16
IVAX * 1,100 16
Dura Pharmaceuticals * 1,300 15
Millennium Pharmaceuticals * 400 14
ONYX Pharmaceuticals * 1,600 14
Nexstar Pharmaceuticals * 700 14
Ventana Medical Systems * 700 14
AmeriSource Health * 500 13
Rexall Sundown * 1,000 12
Sugen * 400 12
Immucor * 800 11
Geron * 1,000 11
23
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Northfield Laboratories * 800 $ 10
K-V Pharmaceutical * 600 9
Priority Healthcare (Class A) * 447 5
Neurocrine Biosciences * 1,000 5
Interneuron Pharmaceuticals * 1,400 4
Genzyme Molecular Biology * 75 0
-------------
1,047
-------------
Medical Products 1.6%
Stryker 1,000 60
VISX * 600 48
Sybron International * 1,300 36
Summit Technology * 1,500 33
Imclone Systems * 1,300 33
Teleflex 700 30
Steris * 1,200 23
Dentsply International 800 23
Minimed * 300 23
Wesley Jessen VisionCare * 700 23
Henry Schein * 600 19
Techne * 700 18
IDEC Pharmaceuticals * 200 15
CONMED * 500 15
Beckman Coulter 300 15
Patterson Dental * 400 14
Collagen 1,000 14
Dexter 300 12
Ocular Sciences * 700 12
Merit Medical Systems * 2,300 11
Mentor 600 11
Kensey Nash * 1,300 11
Arrow International 400 10
ABIOMED * 700 10
Cohesion Technologies * 1,400 9
Eltrax Systems * 1,900 8
Invacare 300 8
American Science Engineering * 800 7
Safeskin * 600 7
Analogic 200 6
24
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Cardima * 2,000 $ 4
Advanced Tissue Sciences * 1,100 4
VIVUS * 900 2
-------------
574
-------------
Medical Providers & Services 1.2%
PacifiCare Health Systems (Class A) * 500 36
Health Management (Class A) * 2,900 33
Hillenbrand Industries 700 30
First Health Group * 1,400 30
Total Renal Care Holdings * 1,700 26
Foundation Health Systems * 1,700 26
Trigon Healthcare * 700 26
Lincare * 1,000 25
Stewart Enterprises (Class A) 1,500 22
Quorum Health Group * 1,700 21
Medpartners * 2,600 20
Universal Health Services * 400 19
Concentra Managed Care * 1,200 18
Orthodontic Centers of America * 1,200 17
Omnicare 1,100 14
Lab Holdings 1,000 14
Res-Care * 600 14
Rural Metro * 1,300 12
Alterra Healthcare * 800 11
Oxford Health Plans * 600 9
Sierra Health Services * 500 7
Coventry Health Care * 400 4
-------------
434
-------------
Total Health Care 2,055
-------------
INDUSTRIAL 3.0%
Defense and Aerospace 0.7%
Gulfstream Aerospace * 700 47
Litton Industries * 600 43
Newport News Shipbuilding 800 23
Howmet International * 1,300 22
Cordant Technologies 400 18
25
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
United Industrial 1,600 $ 18
Precision Castparts 400 17
Kellstrom Industries * 700 13
EDO 1,500 11
Heico 400 10
Heico (Class A) 250 6
GRC International ADS * 700 6
T NETIX * 700 4
-------------
238
-------------
Heavy Electrical Equipment 0.7%
American Power Conversion * 2,200 44
SPX * 500 42
Hubbell (Class B) 900 41
UCAR International * 1,300 33
Technitrol 700 22
Anicom * 2,000 21
Alpine Group * 1,100 18
Cable Design Technologies * 1,100 17
-------------
238
-------------
Heavy Machinery 0.3%
Trinity Industries 900 30
Applied Power (Class A) 825 23
Tennant * 500 16
AGCO 1,300 15
Dril-Quip * 400 9
CMI (Class A) 800 8
-------------
101
-------------
Industrial Parts 1.3%
American Standard * 900 43
Pentair 700 32
Tecumseh Products 500 30
U.S. Industries 1,700 29
York International 600 26
Manitowoc 600 25
Harsco 700 22
Coltec Industries * 1,000 22
UNOVA * 1,200 19
Powell Industries * 1,900 18
26
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Genlyte Group * 800 $ 18
Specialty Equipment * 600 18
Kaman 1,100 17
Energy Conversion Devices * 1,700 17
Thomas Industries 800 16
AAON * 1,200 14
Trigen Energy 700 13
Mattson Technology * 1,000 13
Key Technology * 1,400 12
Industrial Holdings * 1,600 12
Lindsay Manufacturing 650 11
Kaydon 300 10
Flow International * 700 8
CTB International * 900 7
Zoltek * 900 7
WSI Industries * 1,400 6
Graham * 600 6
Waterlink * 800 2
-------------
473
-------------
Total Industrial 1,050
-------------
RETAIL 4.6%
Clothing Stores 1.2%
Intimate Brands * 2,415 114
Abercrombie & Fitch (Class A) * 1,000 48
Ross Stores 800 40
Payless Shoesource * 600 32
Talbots 800 30
Gadzooks * 1,600 26
Neiman-Marcus * 800 21
American Eagle Outfitters * 400 18
The Dress Barn * 1,100 18
The Children's Place * 300 12
Stein Mart * 1,300 12
Brauns Fashions * 800 12
Harold's Stores * 1,700 11
Stage Stores * 1,700 11
27
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Syms * 900 $ 7
-------------
412
-------------
Department Stores 0.3%
Family Dollar Stores 1,900 45
Saks * 1,375 40
Ames Department Stores * 500 23
Bon-Ton Stores * 1,400 9
-------------
117
-------------
Grocery Stores 0.4%
Food Lion 4,200 50
Weis Markets 700 28
Hannaford Brothers 500 27
Whole Foods Market * 400 19
Rocky Mountain Chocolate Factory * 1,900 11
Casey's General Stores 600 9
Marsh Supermarkets 600 7
-------------
151
-------------
Specialty Retail 2.7%
Amazon.com * 1,600 200
Bed Bath & Beyond * 1,500 58
USA Networks * 1,300 52
Tiffany & Company 500 48
eToys * 1,000 41
Fastenal 700 37
CDW Computer Centers * 800 35
Lands' End * 700 34
Dollar Tree Stores * 750 33
OfficeMax * 2,400 29
Williams-Sonoma * 800 28
General Nutrition * 1,100 26
West Marine * 1,700 25
Barnes & Noble * 900 25
BJ's Wholesale Club * 800 24
Borders Group * 1,300 20
Fred's (Class A) 1,300 20
Corporate Express * 2,600 18
Ubid * 563 18
CompUSA * 2,400 18
28
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Linens `n Things * 400 $ 17
CSK Auto * 600 16
Hibbett Sporting Goods * 700 16
U.S. Office Products * 2,572 14
Micro Warehouse * 700 12
Zale * 300 12
Spiegel (Class A) * 1,300 12
Hancock Fabrics 2,600 11
PETsMART * 1,100 11
School Specialty * 676 11
Good Guys * 1,400 11
Boyds Collection Limited * 500 9
MSC * 700 7
Creative Computers 800 6
NCS HealthCare * 600 3
-------------
957
-------------
Total Retail 1,637
-------------
TECHNOLOGY 22.6%
Communication Equipment 2.6%
Qwest Communications International * 6,898 228
QUALCOMM * 1,500 215
Comverse Technology * 850 64
ADC Telecommunications * 1,300 59
Covad Communications Group * 750 40
CIENA * 1,300 39
Polycom * 800 31
DSP Group * 800 29
Adaptive Broadband * 1,200 26
Plantronics * 400 26
ANTEC * 800 26
ADTRAN * 700 25
Advanced Fibre Communications * 1,400 22
L-3 Communications Holdings * 300 15
Aspect Telecommunications * 1,500 14
Comtech Telecommunications * 1,100 12
Harmonic Lightwaves * 200 12
29
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Terayon Communication Systems * 200 $ 11
P-COM * 1,900 10
CMC Industries * 1,100 8
Premisys Communications * 1,000 7
-------------
919
-------------
Computer Communications Equipment 0.4%
Adaptec * 1,300 46
Electronics for Imaging * 800 41
Network Peripherals * 1,100 21
Mylex * 2,000 12
Digi International * 1,000 10
Splash Technology * 1,400 10
-------------
140
-------------
Computer Makers 0.1%
Micron Electronics * 1,500 15
MMC Networks * 300 14
Sequent Computer Systems * 700 12
-------------
41
-------------
Computer Software 5.2%
priceline.com * 1,400 162
VERITAS Software * 800 76
Siebel Systems * 1,000 66
Inktomi * 500 66
Citrix Systems * 1,000 56
Intuit * 600 54
Broadvision * 700 52
Convergys * 2,600 50
NCR * 1,000 49
RealNetworks * 700 48
Synopsys * 800 44
Electronic Arts * 800 43
i2 Technologies * 1,000 43
Sterling Commerce * 1,100 40
BEA Systems * 1,400 40
Rational Software * 1,200 40
Portal Software * 800 37
Sterling Software * 1,300 35
Cadence Design Systems * 2,600 33
30
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Vignette * 400 $ 30
Network Associates * 2,000 29
J. D. Edwards * 1,500 28
Visio * 700 27
USinternetworking * 600 25
National Instruments * 600 24
LHS Group * 700 23
Legato Systems * 400 23
Avt * 600 23
Sapient * 400 23
Verity * 400 22
USWeb * 950 21
Peregrine Systems * 800 21
Symantec * 800 20
Checkfree Holdings * 700 19
ISS Group * 500 19
Harbinger * 1,500 19
SPSS * 700 18
Policy Management Systems * 600 18
Macromedia * 500 18
New Era Of Networks * 400 18
Informix * 2,000 17
Applix * 1,900 17
Marimba * 300 16
Transaction Systems Architects * 400 16
iVillage * 300 15
Razorfish * 400 15
T-HQ * 500 14
Mercury Interactive * 400 14
Great Plains Software * 300 14
Midway Games * 1,079 14
Aware * 300 14
IDX Systems * 600 13
HNC Software * 400 12
Softworks * 1,100 12
JDA Software Group * 1,200 11
Personal Group Of America * 1,100 11
31
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Advantage Learning Systems * 500 $ 11
Health Management Systems * 2,000 11
Intergraph * 1,400 11
Cybercash * 800 10
Micromuse * 200 10
IMRglobal * 500 10
Mapics * 900 9
Medical Manager * 200 9
Clarify * 200 8
Industri-Matematik * 3,200 8
Dendrite International * 200 7
GT Interactive Software * 2,000 7
Summit Design * 2,000 6
BiznessOnline.com * 600 4
Zitel * 2,200 3
Aztec Technology Partners * 538 1
-------------
1,852
-------------
Electronic Equipment 3.7%
Level 3 Communications * 3,300 198
General Motors (Class H) * 1,259 71
Teradyne * 900 65
Molex 1,700 63
Metromedia Fiber Network * 1,600 58
Sanmina * 700 53
Loral Space & Communications * 2,600 47
SCI Systems * 900 43
Waters * 800 42
American Tower Systems (Class A) * 1,700 41
Jabil Circuit * 900 41
Extreme Networks * 600 35
Thermo Instrument Systems * 1,900 32
Vishay Intertechnology * 1,400 29
AVX 1,100 27
Redback Networks * 200 25
Belden 1,000 24
Copper Mountain * 300 23
Bio-Rad Laboratories * 800 21
Amphenol * 500 20
32
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Esterline Technologies * 1,300 $ 19
Park Electrochemical 600 17
Optical Coating Laboratory 200 17
Orbital Sciences * 700 17
General Cable 1,000 16
MagneTek * 1,500 16
Cognex * 500 16
Pittway 400 14
Cytyc * 700 14
Choicepoint * 200 13
Fisher Scientific * 600 13
Roper Industries 400 13
Federal Signal 600 13
C-Cube Microsystems * 400 13
Advanced Energy Industries * 300 12
Dionex * 300 12
Methode Electronics (Class A) 500 11
Cyberoptics * 700 11
Input/Output * 1,500 11
CustomTracks * 200 11
Credence Systems * 300 11
EMS Technologies * 700 10
Tollgrade Communications * 600 9
Xircom * 300 9
Oak Industries * 200 9
Brightpoint * 1,400 8
Checkpoint Systems * 900 8
Video Display * 1,700 8
Perceptron * 1,600 7
Hutchinson Technology * 200 6
-------------
1,322
-------------
Information Services 5.2%
Yahoo! * 2,003 345
At Home * 3,440 186
e-Bay * 1,200 182
Galileo International 1,100 59
Healtheon * 700 54
Exodus Communications * 400 48
33
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
CNET * 800 $ 46
FIserv * 1,425 45
SunGard Data Systems 1,200 41
Total Systems Services 2,000 38
DST Systems * 600 38
Lycos * 400 37
MindSpring Enterprises * 800 35
PSINet * 800 35
Verticalnet * 300 32
Affiliated Computer Services (Class A) * 600 30
International Network Services * 750 30
Infoseek * 600 29
InfoSpace.com * 600 28
Verio * 400 28
Acxiom * 1,100 28
Perot Systems * 900 27
Medquist * 600 26
Sykes Enterprises * 700 23
American Management Systems * 700 22
Critical Path * 400 22
Cambridge Technology Partners * 1,200 21
CIBER * 1,100 21
Prodigy Communication * 800 21
Data Transmission Network * 700 20
Lightbridge * 1,500 19
EarthLink Network * 300 18
Go2Net * 200 18
Keane * 800 18
BISYS Group * 300 18
Concentric Network * 400 16
Incyte Pharmaceuticals * 600 16
A Consulting Team * 1,800 15
SABRE Group Holdings * 200 14
Scient * 300 14
CSG Systems International * 500 13
Superior Consultant Holdings * 500 12
Abovenet Communications * 200 8
34
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
TheStreet.com * 200 $ 7
SportsLine USA * 200 7
Avert * 1,100 7
UBICS * 2,200 7
Group 1 Software * 600 5
Multex Systems * 200 5
-------------
1,834
-------------
Miscellaneous Computer Hardware 1.4%
Lexmark International Group (Class A) * 1,400 92
Quantum * 1,700 41
Symbol Technologies 1,050 39
Tech Data * 800 30
MIP Technologies * 600 29
Zebra Technologies (Class A) * 700 27
Diebold 900 26
Storage Technology * 1,100 25
Safeguard Scientifics * 400 25
Ingram Micro * 800 21
Dataram * 1,700 17
Iomega * 3,400 17
Scansource * 700 15
Black Box * 300 15
Sandisk * 300 13
Jack Henry & Associates 300 12
Bell & Howell * 300 11
Exabyte * 2,200 8
Security Dynamics Technologies * 400 8
Stratasys * 1,700 6
Global Payment Technologies * 600 5
Gradco Systems * 1,425 4
Western Digital * 300 2
Ultradata Systems * 1,200 2
SED International Holdings * 600 1
-------------
491
-------------
Semiconductor Capital Equipment 0.3%
Novellus Systems * 500 34
Photronics * 800 19
Kulicke & Soffa * 700 19
35
<PAGE>
<TABLE>
<CAPTION>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
<S> <C> <C>
Watkins-Johnson 500 $ 15
Veeco * 400 14
Lam Research * 300 14
..........................................................................
115
.............
Semiconductors 3.6%
Linear Technology 1,500 101
Maxim Integrated Products * 1,400 93
Xilinx * 1,600 92
Analog Devices * 1,700 85
Uniphase * 500 83
Altera * 2,000 74
Vitesse Semiconductor * 1,000 68
Conexant Systems * 1,000 58
Broadcom * 400 58
RF Micro Devices * 600 45
E Tek Dynamics * 900 43
Atmel * 1,500 39
Microchip Technology * 800 38
Rambus * 400 37
Burr Brown * 900 33
Unitrode * 1,000 29
Avnet 600 28
Arrow Electronics * 1,400 27
QLogic * 200 26
Applied Micro Circuits * 300 25
SDL * 400 20
Amkor Technology * 1,600 16
SMART Modular Technologies * 900 16
Micrel * 200 15
DuPont Photomasks * 300 14
HEI * 2,100 14
PLX Technology * 300 14
Cypress Semiconductor * 800 13
Cohu 300 11
TelCom Semiconductor * 1,100 11
Dallas Semiconductor 200 10
Transwitch * 200 9
MEMC Electronic Materials * 700 9
</TABLE>
36
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Align-Rite International * 600 $ 8
Opti * 1,200 7
-------------
1,269
-------------
Total Technology 7,983
-------------
TELECOMMUNICATIONS 2.6%
Wireless Communications 0.9%
U. S. Cellular * 900 48
Telephone and Data Systems 600 44
Omnipoint * 1,400 40
Associated Group * 600 39
Price Communications * 2,033 31
Leap Wireless International * 1,400 28
Cellullar Communications 700 20
Voicestream Wireless * 700 20
Western Wireless 700 19
Boston Communications Group * 1,100 15
Centinal Cellular (Class A) * 400 14
-------------
318
-------------
Telephone 1.7%
GTS * 800 65
NTL * 700 60
McLeod USA * 800 44
Citizens Utilities * 3,734 42
Rhythms Netconnections * 700 41
Allegiance Telecom * 600 33
Cincinnati Bell 1,300 32
Winstar Communications * 500 24
Intermedia Communications * 800 24
GST Telecommunications * 1,800 24
ICG Communications * 1,100 23
Nextlink Communications * 300 22
IXC Communications * 500 20
Aliant Communications * 400 19
Teleglobe 619 18
Hickory Technology 1,400 16
ITC Deltacom * 500 14
37
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Talk Com * 1,200 $ 13
Total-Tel USA Communications * 700 12
Viatel * 200 11
General Communication * 1,600 11
COMSAT 300 10
Northeast Optic Network * 500 8
Primus Telecomm Group * 300 7
Talk Com, Rights, 2/12/00 * 30 0
-------------
593
-------------
Total Telecommunications 911
-------------
TRANSPORTATION 1.4%
Airlines 0.5%
UAL * 600 39
Continental Airlines * 700 26
Northwest Airlines * 800 26
Comair Holdings 1,100 23
Amtran * 800 20
Frontier Airlines * 900 15
Atlantic Coast Airlines * 600 11
Mesa Air Group * 1,100 8
-------------
168
-------------
Railroads 0.2%
St. Joe 1,000 27
Florida East Coast 300 13
RailAmerica * 1,100 11
Greenbrier Companies 1,000 11
Wisconsin Central Transport * 500 9
Varlen * 200 8
-------------
79
-------------
Trucking, Shipping, Air Freight 0.7%
CNF Transportation 700 27
Eagle USA Air Freight * 600 25
Airbourne Freight 900 25
Swift Transportation * 1,050 23
C.H. Robinson Worldwide 600 22
American Freightways * 1,100 21
38
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Werner Enterprises 800 $ 17
Roadway Express 800 16
Overseas Shipholding Group 1,200 15
U.S. Xpress Enterprises * 1,100 12
Expeditors International of Washington 400 11
Trico Marine Services * 1,600 11
KLLM Transport * 1,400 8
Forward Air 200 6
Hvide Marine * 1,500 3
-------------
242
-------------
Total Transportation 489
-------------
UTILIITES 3.5%
Electric Utilities 2.4%
Montana Power 700 49
Energy East 1,700 44
Allegheny Energy 1,200 38
Conectiv 1,500 37
DQE 900 36
Potomac Electric Power 1,200 35
NiSource 1,300 34
Pinnacle West Capital 800 32
Northeast Utilities * 1,800 32
Midamerica Energy Holdings * 900 31
SCANA 1,300 30
Teco Energy 1,300 30
DPL 1,600 29
Wisconsin Energy 1,100 28
Pugets Sound Energy 1,100 26
IPALCO Enterprises 1,200 25
Illinova 900 25
CMP Group 900 24
Alliant 800 23
BEC Energy 500 21
OGE Energy 800 19
St. Joseph Light & Power 900 19
Public Service of New Mexico 900 18
39
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Kansas City Power & Light 700 $ 18
SIGCORP 600 17
Maine Public Service 900 16
Western Resources 600 16
New England Electric System 300 15
Unisource Energy * 1,200 14
Minnesota Power & Light 700 14
United Illuminating 300 13
WPS Resources 400 12
Thermo Ecotek * 1,300 10
-------------
830
-------------
Gas Utilities 1.1%
Marketspan 1,640 43
El Paso Energy 1,200 42
American Water Works 1,300 40
LG&E Energy 1,768 37
Western Gas Resources 1,600 26
National Fuel Gas 500 24
Energen 1,100 20
MCN 900 19
E'town 400 18
WICOR 600 17
SJW 200 16
Yankee Energy System 400 16
Colonial Gas 400 15
Roanoke Gas * 700 14
Questar 700 13
KN Energy 950 13
EnergyNorth 400 12
Southwestern Energy 1,000 11
-------------
396
-------------
Total Utiliites 1,226
-------------
40
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
MISCELLANEOUS 0.3%
Crown Castle International * 1,700 $ 35
Santa Fe Snyder 2,100 16
Sodexho Marriott Services * 800 15
Landair * 3,100 13
Resource Asset Investment Trust, REIT 900 11
Meristar Hospitality 500 11
Vornado Operating * 1,335 11
Investment Technology Group 300 10
Genzyme Surgical Products * 196 1
Procurenet * 600 0
Total Miscellaneous 123
-------------
Total Common Stocks (Cost $29,305) 31,815
-------------
Short-Term Investments 10.7%
U.S. Government Obligations 0.6%
U.S. Treasury Bills, 4.05 - 4.12%, 7/22/99 $ 200,000 200
200
-------------
Money Market Funds, 10.1%
Reserve Investment Fund, 5.05% # 3,587,351 3,587
3,587
-------------
Total Short-Term Investments (Cost $3,787) 3,787
-------------
41
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Value
- -------------------------------------------------------------------------------------------------
In thousands
<S> <C>
Total Investments in Securities
100.8% of Net Assets (Cost $33,092) $ 35,602
Futures Contracts
<CAPTION>
In thousands
Contract Unrealized
Expiration Value Gain (Loss)
<S> <C> <C> <C> <C>
Long, 8 Midcap 400 Stock Index contracts
$100,000 of U.S. Treasury Bills
pledged as initial margin 9/99 $ 1,626 $ 52
Long, 8 Russell 2000 Stock Index contracts
$100,000 of U.S. Treasury Bills pledged as
initial margin 9/99 1,777 71
Net payments (receipts) of variation
margin to date (99)
Variation margin receivable
(payable) on open futures contracts 24
Other Assets Less Liabilities (313)
NET ASSETS $ 35,313
-------------
Net Assets Consist of:
Accumulated net investment income - net of distributions $ 120
Accumulated net realized gain/loss - net of distributions 1,304
Net unrealized gain (loss) 2,633
Paid-in-capital applicable to 2,881,536 shares of $0.0001 par
value capital stock outstanding; 1,000,000,000 shares of the
Corporation authorized 31,256
NET ASSETS $ 35,313
-------------
NET ASSET VALUE PER SHARE $ 12.26
-------------
</TABLE>
# Seven-day yield
* Non-income producing
ADS American depository share
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these financial statements.
42
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Unaudited
- -----------------------
Statement of Operations
- --------------------------------------------------------------------------------
In thousands
6 Months
Ended
6/30/99
Investment Income
Income
Dividend $ 127
Interest 42
Total income 169
Expenses
Investment management and administrative 51
Net investment income 118
Realized and Unrealized Gain (Loss)
Net realized gain (loss)
Securities 555
Futures 120
Net realized gain (loss) 675
Change in net unrealized gain or loss
Securities 2,332
Futures 51
Change in net unrealized gain or loss 2,383
Net realized and unrealized gain (loss) 3,058
INCREASE (DECREASE) IN NET
ASSETS FROM OPERATIONS $ 3,176
--------------
The accompanying notes are an integral part of these financial statements.
43
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Unaudited
- ----------------------------------
STATEMENT OF CHANGES IN NET ASSETS
- --------------------------------------------------------------------------------
In thousands
6 Months 1/30/98
Ended Through
6/30/99 12/31/98
Increase (Decrease) in Net Assets
Operations
Net investment income $ 118 $ 143
Net realized gain (loss) 675 822
Change in net unrealized gain or loss 2,383 250
Increase (decrease) in net assets from operations 3,176 1,215
Distributions to shareholders
Net investment income - (141)
Net realized gain - (193)
Decrease in net assets from distributions - (334)
Capital share transactions*
Shares sold 15,084 23,207
Distributions reinvested - 327
Shares redeemed (3,692) (3,679)
Redemption fees received 2 7
Increase (decrease) in net assets from capital
share transactions 11,394 19,862
Net Assets
Increase (decrease) during period 14,570 20,743
Beginning of period 20,743 -
End of period $ 35,313 $ 20,743
---------------------------
*Share information
Shares sold 1,327 2,226
Distributions reinvested - 33
Shares redeemed (327) (377)
Increase (decrease) in shares outstanding 1,000 1,882
The accompanying notes are an integral part of these financial statements.
44
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Unaudited June 30, 1999
- -----------------------------
NOTES TO FINANCIAL STATEMENTS
- --------------------------------------------------------------------------------
NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES
T. Rowe Price Index Trust, Inc. (the corporation) is registered under the
Investment Company Act of 1940. The Extended Equity Market Index Fund (the
fund), a diversified, open-end management investment company, is one of
the portfolios established by the corporation and commenced operations on
January 30, 1998.
The accompanying financial statements are prepared in accordance with
generally accepted accounting principles for the investment company
industry; these principles may require the use of estimates by fund
management.
Valuation Equity securities listed or regularly traded on a securities
exchange are valued at the last quoted sales price on the day the
valuations are made. A security which is listed or traded on more than one
exchange is valued at the quotation on the exchange determined to be the
primary market for such security. Listed securities not traded on a
particular day and securities regularly traded in the over-the-counter
market are valued at the mean of the latest bid and asked prices. Other
equity securities are valued at a price within the limits of the latest
bid and asked prices deemed by the Board of Directors, or by persons
delegated by the Board, best to reflect fair value.
Short-term debt securities are valued at amortized cost which, when
combined with accrued interest, approximates fair value.
Investments in mutual funds are valued at the closing net asset value per
share of the mutual fund on the day of valuation. Financial futures
contracts are valued at closing settlement prices.
Assets and liabilities for which the above valuation procedures are
inappropriate or are deemed not to reflect fair value are stated at fair
value as determined in good faith by or under the supervision of the
officers of the fund, as authorized by the Board of Directors.
Premiums and Discounts Premiums and discounts on debt securities are
amortized for both financial reporting and tax purposes.
Other Income and expenses are recorded on the accrual basis. Investment
transactions are accounted for on the trade date. Realized gains and
losses are reported on the identified cost basis. Dividend income and
distributions to shareholders are recorded by the fund on the ex-dividend
date. Income and
45
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
capital gain distributions are determined in accordance with federal
income tax regulations and may differ from those determined in accordance
with generally accepted accounting principles. Payments ("variation
margin") made or received by the fund to settle the daily fluctuations in
the value of futures contracts are recorded as unrealized gains or losses
until the contracts are closed. Unrealized gains or losses on futures
contracts are included in Change in net unrealized gain or loss in the
accompanying financial statements.
NOTE 2 - INVESTMENT TRANSACTIONS
Consistent with its investment objective, the fund engages in the
following practices to manage exposure to certain risks or enhance
performance. The investment objective, policies, program, and risk factors
of the fund are described more fully in the fund's prospectus and
Statement of Additional Information.
Futures Contracts At June 30, 1999, the fund was a party to futures
contracts, which provide for the future sale by one party and purchase by
another of a specified amount of a specific financial instrument at an
agreed upon price, date, time, and place. Risks arise from possible
illiquidity of the futures market and from movements in security values.
Other Purchases and sales of portfolio securities, other than short-term
securities, aggregated $12,087,000 and $2,359,000, respectively, for the
six months ended June 30, 1999.
NOTE 3 - FEDERAL INCOME TAXES
No provision for federal income taxes is required since the fund intends
to continue to qualify as a regulated investment company and distribute
all of its taxable income.
At June 30, 1999, the cost of investments for federal income tax purposes
was substantially the same as for financial reporting and totaled
$33,092,000. Net unrealized gain aggregated $2,510,000 at period-end, of
which $5,160,000 related to appreciated investments and $2,650,000 to
depreciated investments.
46
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
NOTE 4 - RELATED PARTY TRANSACTIONS
The investment management and administrative agreement between the fund
and T. Rowe Price Associates, Inc. (the manager) provides for an
all-inclusive annual fee. The fee, computed daily and paid monthly, is
equal to 0.40% of the fund's average daily net assets. Pursuant to the
agreement, investment management, shareholder servicing, transfer agency,
accounting, and custody services are provided to the fund, and interest,
taxes, brokerage commissions, and extraordinary expenses are paid directly
by the fund.
The fund may invest in the Reserve Investment Fund and Government Reserve
Investment Fund (collectively, the Reserve Funds), open-end management
investment companies managed by T. Rowe Price Associates, Inc. The Reserve
Funds are offered as cash management options only to mutual funds and
other accounts managed by T. Rowe Price and its affiliates and are not
available to the public. The Reserve Funds pay no investment management
fees. Distributions from the Reserve Funds to the fund for the six months
ended June 30, 1999, totaled $40,000 and are reflected as interest income
in the accompanying Statement of Operations.
47
<PAGE>
For yield, price, last transaction, current balance, or to conduct transactions,
24 hours, 7 days a week, call Tele*Access(R): 1-800-638-2587 toll free
For assistance with your existing fund account, call: Shareholder Service Center
1-800-225-5132 toll free 410-625-6500 Baltimore area
To open a brokerage account or obtain information, call: 1-800-638-5660 toll
free
Internet address:
www.troweprice.com
T. Rowe Price Associates
100 East Pratt Street
Baltimore, Maryland 21202
This report is authorized for distribution only to shareholders and to others
who have received a copy of the prospectus appropriate
to the fund or funds covered in this report.
Investor Centers:
101 East Lombard St.
Baltimore, MD 21202
T. Rowe Price
Financial Center
10090 Red Run Blvd.
Owings Mills, MD 21117
Farragut Square
900 17th Street, N.W.
Washington, D.C. 20006
4200 West Cypress St.
10th Floor
Tampa, FL 33607
4410 ArrowsWest Drive
Colorado Springs, CO 80907
Warner Center
21800 Oxnard Street, Suite 270
Woodland Hills, CA 91367
[LOGO OF T. ROWE PRICE APPEARS HERE]
T. Rowe Price Investment Services, Inc., Distributor. F24-051 6/30/99
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