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Previous: PRICE T ROWE INDEX TRUST INC, N-30D, 2000-02-22 |
Next: PRICE T ROWE INDEX TRUST INC, N-30D, 2000-02-22 |
<PAGE>
- --------------------------------------------------------------------------------
Annual Report - Financial Statements
- --------------------------------------------------------------------------------
T. ROWE PRICE
EXTENDED EQUITY
MARKET INDEX
FUND
-----------------
DECEMBER 31, 1999
-----------------
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
- --------------------
FINANCIAL HIGHLIGHTS For a share outstanding throughout each period
- --------------------------------------------------------------------------------
Year 1/30/98
Ended Through
12/31/99 12/31/98
NET ASSET VALUE
Beginning of period $ 11.02 $ 10.00
----------------------------
Investment activities
Net investment income (loss) 0.10 0.08
Net realized and unrealized gain (loss) 3.56 1.13
----------------------------
Total from investment activities 3.66 1.21
----------------------------
Distributions
Net investment income (0.10) (0.08)
Net realized gain (0.53) (0.11)
----------------------------
Total distributions (0.63) (0.19)
----------------------------
NET ASSET VALUE
End of period $ 14.05 $ 11.02
----------------------------
Ratios/Supplemental Data
Total return * 33.72% 12.29%
Ratio of total expenses to average net assets 0.40% 0.40%+
Ratio of net investment income (loss) to
average net assets 1.04% 1.15%+
Portfolio turnover rate 23.4% 26.3%+
Net assets, end of period (in thousands) $ 54,219 $ 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
- --------------------------------------------------------------------------------
December 31, 1999
- -----------------------
STATEMENT OF NET ASSETS Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
COMMON STOCKS AND RIGHTS 90.8%
BASIC MATERIALS 2.4%
Chemicals 1.2%
Medical Manager * 587 $ 49
Georgia Gulf 1,100 33
CK Witco 2,224 30
IMC Global 1,500 25
Valhi 2,100 22
Millennium Chemicals 1,100 22
Lubrizol 700 22
Solutia 1,400 22
Valspar 500 21
Macdermid 13 21
Lyondell Chemical 1,500 19
Cabot 900 18
Summa Industries * 1,600 18
NL Industries 1,100 17
Cytec * 700 16
Carlisle 400 14
Olin 700 14
Home Products International * 1,300 14
Arch Chemicals 650 14
Airgas * 1,400 13
Finishmaster * 1,600 13
RPM 1,200 12
Scotts (Class A) * 300 12
Minerals Technologies 300 12
Dexter 300 12
Albemarle 600 11
H.B. Fuller 200 11
Catalytica * 800 11
Om Group 300 10
AEP Industries * 400 10
Brady 300 10
International Specialty Products * 1,100 10
ATMI * 300 10
M.A. Hanna 900 10
3
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Ivex Packaging * 900 $ 9
Ferro 400 9
Tuscarora 700 8
Mississippi Chemical 1,100 7
Valley National Gases * 2,000 6
Omnova Solutions 800 6
Terra Nitrogen * 1,000 4
ICO * 1,900 3
-------------
630
-------------
Forest and Paper Products 0.6%
Smurfit-Stone Container * 2,400 59
Bowater 800 44
Consolidated Papers 1,100 35
Workflow Management * 1,192 34
United Stationers * 900 26
Sonoco Products 1,060 24
Pope & Talbot 1,200 19
Gaylord Container (Class A) * 2,300 16
Wausau-Mosinee Paper 1,300 15
Boise Cascade Office Products * 1,000 15
Rock-Tenn 1,000 15
Baltek * 1,400 11
Tufco Technologies * 900 9
Albany International (Class A) 510 8
Universal Forest Products 500 7
FiberMark * 600 7
Badger Paper Mills * 1,200 6
-------------
350
-------------
Metals and Mining 0.6%
AK Steel 1,444 27
Harsco 700 22
Gibraltar Steel 800 19
Mueller Industries * 500 18
Texas Industries 400 17
NS Group * 2,200 17
Steel Technologies 1,000 15
Steel Dynamics * 900 14
Consol Energy 1,300 13
4
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
MAXXAM * 300 $ 13
Stillwater Mining * 400 13
USEC 1,800 13
MDU Resources Group 600 12
Centex Construction Products 300 12
Arch Coal 900 10
Reliance Steel & Aluminum 400 9
American Material Can Group 700 9
Tremont 600 9
Lone Star Technologies * 300 8
Carpenter Technology 300 8
Titanium Metals 1,800 8
Kaiser Aluminum * 1,000 8
Wolverine Tube * 500 7
Rock Of Ages * 1,200 6
Huntco * 900 3
Pittston Minerals 600 1
-------------
311
-------------
Gold 0.0%
Meridian Gold * 1,200 8
Royal Gold * 2,000 7
Battle Mountain Gold 2,200 5
-------------
20
-------------
Total Basic Materials 1,311
-------------
BUSINESS SERVICES 6.2%
Advertising 1.8%
CMG Information Services * 1,300 360
Doubleclick * 561 142
Internet Capital Group* 580 99
TMP Worldwide * 500 71
Young & Rubicam 900 64
Valassis Communications * 900 38
Catalina Marketing * 300 35
Lamar Advertising * 500 30
Getty Images * 600 29
Harte-Hanks 1,300 28
True North Communications 600 27
5
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Mypoints.com * 300 $ 22
Preview Travel * 200 11
Infousa * 600 8
ADVO * 300 7
-------------
971
-------------
Business Services 2.9%
Verisign * 1,200 229
ServiceMaster 3,950 49
Digital Island * 500 47
Infonet Services * 1,500 39
Metricom * 500 39
Whittman-Hart * 700 38
SEI 300 36
West TeleServices * 1,400 34
Freemarkets * 100 34
Reynolds & Reynolds 1,500 34
Viad 1,100 31
Disney * 1,205 29
NOVA * 900 28
Teletech Holdings * 800 27
Mediaplex * 400 25
Netcentives * 400 25
National Data 700 24
Navigant * 1,969 23
Wireless Facilities * 500 22
Adforce * 300 21
Sotheby's (Class A) 700 21
A.C. Nielson * 800 20
Iron Mountain * 500 20
Snyder Communications * 1,000 19
Expedia * 500 17
Diamond Technology * 200 17
APAC TeleServices * 1,200 17
Bsquare * 400 17
Gartner Group * 1,200 17
Peekskill Financial 1,300 16
Data Return * 300 16
Sciquest * 200 16
6
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Official Payments * 300 $ 16
NBC Internet * 200 15
Tetra Tech * 1,000 15
Digital Impact * 300 15
Network Event Theater * 500 15
Information Resources * 1,600 15
Profit Recovery Group International * 550 15
Braun Consulting * 200 14
ProBusiness Services * 400 14
Value Line 400 14
Curagen * 200 14
Forrester Research * 200 14
Opinion Research * 1,400 13
Xceed * 300 12
Sonicwall * 300 12
Getthere * 300 12
Zixit * 300 12
Splitrock Services * 600 12
Sylvan Learning Systems * 900 12
SPECTRX * 1,000 12
Lifeminders * 200 11
Mapquest * 500 11
Corporate Executive Board * 200 11
E Stamp * 500 11
Fair, Issac 200 11
Cais Internet * 300 11
F. Y. I. * 300 10
Maximus * 300 10
Prepaid Legal Services * 400 10
Shopnow * 500 10
Bell & Howell * 300 10
Staff Leasing * 1,000 9
MPW Industrial Services Group * 1,200 9
Symyx Technologies * 300 9
Ibasis * 300 9
US Oncology * 1,758 9
Rainmaker Systems * 400 8
Syntel * 500 8
7
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Navigant Consulting * 700 $ 8
Centurybusiness Services * 900 8
R.H. Donnelley * 400 8
Precision Response * 300 7
Media Metrix * 200 7
Messagemedia * 500 7
SITEL * 900 6
Veritas DGC * 400 6
Abington Bancorp 400 4
Cheap Tickets * 300 4
Hagler Bailly * 800 4
Snyder Communications * 250 3
Ventiv Health * 333 3
Lason * 200 2
-------------
1,574
-------------
Environmental Services 0.2%
Republic Services (Class A) * 2,200 32
Safety Kleen * 1,300 15
Harding Lawson Associates * 1,500 11
Ecology and Environment (Class A) 1,900 11
Ogden 700 8
U.S. Liquids * 600 5
Met-Pro 500 5
US Plastic Lumber * 500 4
Metal Management * 600 2
-------------
93
-------------
Industrial Services 1.3%
Cintas 1,400 74
Autonation * 5,200 48
Manpower 1,200 45
Robert Half International * 1,100 32
Hanover Compressor * 800 30
Modis Professional Services * 2,100 30
GATX 800 27
Apria Healthcare * 1,400 25
Hertz 500 25
Olsten 2,200 25
Dollar Thrifty Auto Group * 1,000 24
8
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Apollo Group (Class A) * 1,100 $ 22
Interim Services * 800 20
Devry * 1,000 19
Avis Rent A Car * 600 15
Korn/Ferry International * 400 15
United Rentals * 800 14
Pittston Services 600 13
G & K Services 400 13
Xtra * 300 13
Metamor Worldwide * 400 12
Personnel Group Of America * 1,100 11
Labor Ready * 900 11
Reckson Associates Realty, REIT 500 10
ABM Industries 500 10
Kelly Services 400 10
C.H. Heist * 1,700 10
Budget Group (Class A) * 1,100 10
Regis 500 9
Wackenhut Corrections * 800 9
Rent Way * 500 9
Learning Tree International * 300 8
Heidrick & Struggles International * 200 8
Rollins Truck Leasing 700 8
Romac International * 600 8
Edison Schools * 500 8
Central Parking 400 8
Burns International Services * 700 8
Volt Information Sciences * 300 7
Aaron Rents (Class B) 400 7
Caribiner International * 1,800 7
UniFirst 500 6
723
-------------
Total Business Services 3,361
-------------
CONSUMER DISCRETIONARY 7.8%
Entertainment 0.6%
Royal Caribbean Cruises 2,200 109
Metro Goldwyn Mayer * 2,500 59
9
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
SFX Entertainment (Class A) * 800 $ 29
Premier Parks * 1,000 29
Handleman * 1,800 24
Pixar * 600 21
Cedar Fair 900 17
American Classic Voyages * 300 10
Blockbuster 500 7
J2 Communications * 400 6
VDI MultiMedia * 300 4
-------------
315
-------------
Leisure 0.9%
Harley-Davidson 1,900 122
Hollywood Park * 1,400 31
International Speedway (Class A) 600 30
Concord Camera * 1,300 30
Callaway Golf 1,300 23
International Game Technology * 1,100 22
Blyth Industries * 900 22
GTECH * 900 20
Polaris Industries 500 18
Steinway Musical Instruments * 800 16
WMS Industries * 1,200 16
Speedway Motorsports * 500 14
Dover Downs Entertainment 700 13
Oneida 500 11
Yankee Candle * 700 11
Station Casinos * 500 11
Fossil * 450 10
Meditrust 1,632 9
Lazare Kaplan International * 1,100 9
Panavision * 1,700 8
Bally Total Fitness * 300 8
Quokka Sports * 600 8
Ticketmaster Online Citysearch * 200 8
Oroamerica * 900 6
Penn National Gaming * 700 6
Play By Play Toys & Novelties * 2,400 4
Seattle Filmworks * 600 2
-------------
488
-------------
10
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Hotels 0.4%
MGM Grand * 998 $ 50
Park Place Entertainment * 3,000 38
Mandalay Resort Group * 1,400 28
Aztar * 2,500 27
Starwood Financial 1,173 20
Crestline Capital * 600 12
NS & L Bancorp 1,200 12
Marcus 700 10
Extended Stay America * 1,200 9
Hilton 906 9
Lodgian * 1,000 5
Interstate Hotels * 67 0
-----------
220
-----------
Media 4.8%
Cox Communications (Class A) * 7,045 363
AMFM * 2,600 203
Infinity Broadcasting (Class A) * 4,425 160
General Motors (Class H) * 1,659 159
EchoStar Communications (Class A) * 1,300 127
Univision Communications * 1,200 123
Cablevision Systems (Class A) * 1,300 98
USA Networks * 1,700 94
Unitedglobalcom * 1,200 85
TV Guide * 1,800 77
Adelphia Communications * 1,033 68
Washington Post (Class B) 120 67
Loral Space & Communications * 2,600 63
Adaptive Broadband * 800 58
Hispanic Broadcasting * 600 55
Fox Entertainment Group (Class A) * 2,200 55
Westwood One * 650 49
BHC Communications (Class A) 300 48
Charter Communications (Class A) * 2,100 46
Chris-Craft * 624 45
RCN * 900 44
Price Communications * 1,534 43
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
E. W. Scripps 900 $ 40
Citadel Communications * 600 39
Jones Intercable * 500 34
United Television 200 28
Entercom Communications * 400 26
Emmis Broadcasting (Class A) * 200 25
A. H. Belo (Class A) 1,200 23
Liberty Digital * 300 22
Hearst Argyle Television * 691 18
PanAmSat * 300 18
Media General 300 16
Cumulus Media * 300 15
Insight Communications * 500 15
Tivo * 400 13
Sirius Satellite Radio * 300 13
American Mobile Satellite * 600 13
Liberty 300 13
Spanish Broadcasting Systems * 300 12
Gaylord Entertainment 400 12
XM Satellite Radio Holdings * 300 11
Saga Communications (Class A) * 500 10
Cox Radio (Class A) * 100 10
Pegasus Communications * 100 10
Radio One * 100 9
Ascent Entertainment * 700 9
Radio Unica Communications * 300 9
Paxson Communications * 700 8
Playboy Enterprises (Class B) * 300 7
Acme Communications * 200 7
Emusic.com * 500 5
Sinclair Broadcast Group (Class A) * 400 5
-------------
2,625
-------------
Publishing 0.6%
PRIMEDIA * 2,400 39
Reader's Digest (Class A) 1,200 35
Wiley John & Son 1,600 27
McClatchy (Class A) 600 26
Ziff-Davis * 1,500 24
12
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Central Newspapers (Class A) 600 $ 24
Hollinger International (Class A) 1,400 18
Houghton Mifflin 400 17
Lee Enterprises 500 16
Mail-Well * 1,100 15
Daily Journal * 400 13
Scholastic * 200 12
Pulitzer 300 12
Wallace Computer Services 700 12
New England Business Service 400 10
Penton Media 400 10
American Business Products 800 9
Women Common Networks * 600 8
Journal Register * 400 6
Franklin Covey * 800 6
Cunningham Graphics International * 400 5
TST/ Impreso * 1,300 5
Successories * 1,700 4
Consolidated Graphics * 200 3
-------------
356
-------------
Restaurants 0.5%
Starbucks * 2,200 53
Outback Steakhouse * 1,200 31
Brinker * 1,000 24
Papa John's * 600 16
Buffets * 1,400 14
Applebee's 400 12
Consolidated Products 1,100 11
Cracker Barrel 1,100 11
The Cheesecake Factory * 300 10
Jack In The Box * 500 10
Ryan's Family Steak Houses * 1,100 9
CEC Entertainment * 300 9
Bob Evans Farms 500 8
Avado Brands 1,700 7
Ark Restaurants * 800 7
IHOP * 400 7
Cooker Restaurant 2,100 6
13
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
CKE Restaurants 850 $ 5
Schlotzsky's * 700 5
255
-----------
Total Consumer Discretionary 4,259
-----------
CONSUMER NONDURABLES 2.1%
Beverages 0.0%
TRIARC COMPANIES * 500 9
Pure World * 1,140 4
-----------
13
-----------
Food 1.1%
Tyson Foods (Class A) 2,900 47
Hormel Foods 900 37
McCormick 1,200 36
Pepsi Bottling Group 2,000 33
Dean Foods 800 32
Keebler Foods * 1,000 28
Whitman 1,800 24
IBP 1,300 23
Universal Foods 1,100 22
Nabisco Holdings (Class A) 700 22
U.S. Foodservice * 1,300 22
Flowers Industries 1,300 21
American Italian Pasta * 600 18
International Home Foods 1,000 17
Tootsie Roll Industries 500 17
Corn Products International 500 16
Interstate Bakeries 900 16
Suiza Foods * 400 16
Green Mountain Coffee * 1,700 14
Fleming 1,300 13
Smithfield Foods * 500 12
Ralcorp Holdings * 600 12
Dole Food 700 11
Fresh Del Monte Produce * 1,200 11
Agribrands International * 200 9
National Beverage * 1,100 9
14
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Riviana Foods 500 $ 9
Delta Pine & Land 500 9
J & J Snack Foods * 400 9
J.M. Smucker 400 8
Aurora Foods * 700 7
Earthgrains 400 6
Del Monte Foods * 500 6
United Natural Foods * 500 6
Cagles 400 5
Lancer * 600 3
Supervalu * 11 0
-----------
606
-----------
Home Products 0.4%
Estee Lauder 1,400 71
Dial Corp 1,300 32
Lancaster Colony 800 26
Guest Supply * 900 13
Playtex Products * 700 11
Church & Dwight 400 11
Block Drug (Class A) 309 9
Zomax Optical Media * 200 9
Carter Wallace 500 9
French Fragrances * 1,100 7
Revlon (Class A) * 700 6
Jason * 700 5
Platinum Entertainment * 1,000 2
-----------
211
-----------
Liquor 0.1%
Canandaigua Brands (Class A) * 300 15
Todhunter International * 1,200 11
Robert Mondavi (Class A) * 300 11
-----------
37
-----------
Textiles and Apparel 0.4%
Jones Apparel Group * 1,550 42
Timberland * 400 21
WestPoint Stevens 1,100 19
Polymer Group 900 16
Kellwood 800 16
15
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Unifi * 900 $ 11
Warnaco Group (Class A) 900 11
Polo Ralph Lauren * 600 10
Quicksilver * 600 9
Kenneth Cole Productions (Class A) * 200 9
Nautica Enterprises * 800 9
Guess * 400 9
Columbia Sportswear * 400 9
Garan 300 9
Brown Shoe 600 9
Hartmarx * 2,000 8
Haggar 700 8
bebe Stores * 300 8
Culp 1,100 7
R. G. Barry * 1,100 4
----------
244
----------
Tobacco 0.1%
RJ Reynolds Tobacco 1,000 18
Universal 500 11
Brooke Group 630 10
Standard Commercial 600 2
41
----------
Total Consumer Nondurables 1,152
----------
DURABLE GOODS 4.8%
Construction & Real Property 3.9%
Equity Office Properties, REIT 3,100 76
Equity Residential Properties Trust, REIT 1,631 70
Starwood Hotels & Resorts Worldwide, REIT 2,100 49
Simon Property Group, REIT 2,100 48
Archstone Communities Trust, REIT 2,000 41
Prologis Trust, REIT 1,960 38
Public Storage, REIT 1,600 36
Apartment Investment & Management, REIT 900 36
Vornado Realty Trust, REIT 1,100 36
USG 700 33
Duke-Weeks Realty, REIT 1,690 33
16
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Spieker Properties, REIT 900 $ 33
Johns Manville 2,200 31
Kimco Realty, REIT 900 30
Crescent Real Estate Equities, REIT 1,600 29
Elcor 900 27
Georgia Pac Timber 1,100 27
Avalonbay Communities, REIT 784 27
AMB Property 1,300 26
Southdown 500 26
Catellus Development * 2,000 26
Reckson Services Industries * 400 25
Boston Properties, REIT 800 25
Lafarge 900 25
Martin Marietta Materials 600 25
Liberty Property, REIT 1,000 24
Cousins Properties, REIT 700 24
Cornerstone Properties 1,600 23
Highwoods Properties, REIT 1,000 23
Host Marriott 2,674 22
Pinnacle Holdings * 500 21
Rouse 1,000 21
Mack-Cali Realty, REIT 800 21
Excel Realty Trust 1,300 21
Arden Realty, REIT 1,000 20
Weingarten Realty Investors, REIT 500 19
Sun Communities, REIT 600 19
Franchise Finance 800 19
Post Properties, REIT 500 19
CarrAmerica Realty, REIT 900 19
Clayton Homes 2,050 19
Federal Realty Investment Trust, REIT 1,000 19
Regency Realty, REIT 900 18
Mastec * 400 18
Felcor Suite Hotels, REIT 1,000 18
General Growth Properties, REIT 600 17
Developers Diversified Realty, REIT 1,300 17
17
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
D.R. Horton 1,200 $ 17
First Industrial Realty 600 16
Camden Property Trust, REIT 600 16
Jacobs Engineering Group * 500 16
Westfield America 1,300 16
BRE Properties 700 16
United Dominion Realty Trust, REIT 1,500 15
Cabot Industrial 800 15
Lennar 900 15
HRPT Properties Trust, REIT 1,600 14
Health Care Property Investors 600 14
Quanta Services * 500 14
Granite Construction 750 14
Florida Rock Industries 400 14
Hospitality Properties Trust, REIT 700 13
Morrison Knudsen * 1,600 13
Macerich, REIT 600 12
CBL & Associates Properties, REIT 600 12
Manufactured Home Communities, REIT 500 12
Storage USA, REIT 400 12
Chelsea GCA, REIT 400 12
Koger Equity, REIT 700 12
Colonial Properties Trust, REIT 500 12
Parkway Properties, REIT 400 12
IndyMac Mortgage Holdings, REIT * 900 11
Brandywine Reality Trust 700 11
Forest City Enterprises 400 11
EastGroup Properties, REIT 600 11
Lexington Corporate Properties 1,200 11
Nationwide Health Properties, REIT 800 11
MDC Holdings 700 11
Home Properties 400 11
Urban Shopping Centers 400 11
Walden Residential Properties * 500 11
Newhall Land & Farming 400 11
Centerpoint Properties Trust 300 11
18
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Smith Charles Residential Realty 300 $ 11
Prentiss Properties Trust 500 11
Trammell Crow * 900 10
Chateau Communities, REIT 400 10
Realty Income 500 10
US Home * 400 10
Essex Property Trust 300 10
Pacific Gulf Properties, REIT 500 10
Gables Residential Trust, REIT 400 10
Jones Lang Lasalle * 800 10
Glenborough Realty Trust, REIT 700 9
Toll Brothers * 500 9
Shurgard Storage 400 9
Ryland Group 400 9
Aaron Rents (Class A) 500 9
Butler Manufacturing 400 9
Kilroy Realty, REIT 400 9
Taubman Centers, REIT 800 9
Tanger Factory Outlet 400 8
Comfort Systems USA * 1,100 8
Prison Realty * 1,587 8
Healthcare Realty Trust 500 8
Beazer Homes * 400 8
Health Care REIT 500 8
Crown American Realty 1,300 7
Summit Properties 400 7
Pittsburgh & West Virginia Railroad 1,000 7
American Locker Group * 1,200 7
SLI * 500 7
JDN Realty 400 6
Wyndham International (Class A) * 2,039 6
Lasalle Hotel Properties 500 6
Senior Housing Properties 460 6
Fairfield Communities * 500 5
Zaring National * 1,000 5
Monmouth Real Estate Investment 1,000 5
Miller Building Systems * 800 4
Perini * 1,000 4
19
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Oakwood Homes 1,200 $ 4
G&L Realty 256 2
-----------
2,095
-----------
Consumer Durables 0.4%
Applied Power (Class A) * 825 30
Herman Miller 1,200 28
Shaw Industries 1,600 25
U.S. Industries 1,700 24
Mohawk Industries * 800 21
HON Industries 900 20
Ethan Allen Interiors 500 16
Bush Industries (Class A) 900 16
La-Z-Boy 900 15
Furniture Brands International * 600 13
Sunbeam * 2,200 9
Pier 1 Imports 1,400 9
Mikasa 800 8
-----------
234
-----------
Motor Vehicles and Parts 0.5%
Copart * 600 26
Lear * 800 26
Gentex * 900 25
Federal-Mogul 900 18
Meritor Automotive 900 17
Borg-Warner 400 16
Modine Manufacturing 500 12
Hayes Lemmerz International * 700 12
Arvin Industries 400 11
Superior Industries 400 11
Coachmen Industries 700 11
Tower Automotive * 600 9
Oshkosh Truck 300 9
Dura Automotive Systems * 500 9
Aftermarket Technology * 700 8
Winnebago 400 8
Monaco Coach * 300 8
Mascotech 600 8
20
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
American Axle & Manufacturing Holdings * 600 $ 7
SMC * 1,200 5
-----------
256
-----------
Total Durable Goods 2,585
-----------
ENERGY 2.2%
Energy Reserves & Production 0.8%
Vastar Resources 1,200 71
Murphy Oil 600 34
Eog Resources 1,900 33
Devon Energy 958 32
Houston Exploration * 1,100 22
BP Prudhoe Bay Royalty Trust 2,300 21
Ocean Energy * 2,600 20
Pogo Producing 900 18
Noble Affiliates 800 17
Pioneer Natural Resources * 1,800 16
Forest Oil * 1,200 16
Newfield Exploration * 500 13
Mitchell Energy & Development (Class A) 600 13
Barrett Resources * 400 12
Vintage Petroleum 800 10
El Paso Energy 500 10
Louis Dreyfus Natural Gas * 500 9
HS Resources * 500 9
Stone Energy * 200 7
Howell 1,200 7
Southwestern Energy 1,000 7
Meridian Resource * 1,700 5
Penn Virginia 300 5
Chesapeake Energy * 1,200 3
Brigham Exploration * 900 1
-----------
411
-----------
Oil Refining 0.3%
Dynegy 1,800 44
Ultramar Diamond Shamrock 1,000 23
Valero Energy 1,000 20
NorthWestern 800 18
21
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Teppco Partners 600 $ 12
Adams Resources & Energy 1,100 9
Enterprise Products 500 9
Kaneb Services * 1,900 8
Pennzoil-Quaker State 800 8
World Fuel Services 700 5
Giant Industries * 600 5
-----------
161
-----------
Oil Service 1.1%
Weatherford International * 1,390 56
Nabors Industries * 1,700 53
Noble Drilling * 1,600 52
Diamond Offshore Drilling 1,700 52
ENSCO International 1,700 39
BJ Services * 900 38
Global Marine * 2,200 37
Santa Fe International 1,400 36
Smith International * 700 35
Cooper Cameron * 700 34
R & B Falcon * 2,440 32
Tuboscope Vetco * 1,500 24
Tidewater 600 22
Global Industries * 2,000 17
Western Gas Resources 1,300 17
National Oilwell * 1,000 16
Newpark Resources * 2,300 14
Pride International * 700 10
UTI Energy * 400 9
Varco International * 800 8
Offshore Logistics * 800 7
Dawson Geophysical * 800 7
-----------
615
-----------
Total Energy 1,187
-----------
FINANCIAL 11.2%
Bank and Trust 3.5%
Marshall & Ilsley 1,400 88
UnionBancal 2,100 83
22
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
First Security 2,389 $ 61
Charter One Financial 3,128 60
Zions Bancorp 1,000 59
Popular 1,700 47
First Tennessee National 1,600 46
M & T Bank 100 41
Silicon Valley Bancshares * 700 35
Associated Banc-Corp 975 33
FirstMerit 1,400 33
North Fork Bancorporation 1,750 31
Compass Bancshares 1,350 30
First Virginia Banks 700 30
TCF Financial 1,200 30
Commerce Bancshares 866 30
National Commerce Bancorporation 1,300 30
Mercantile Bankshares 900 29
UST 900 29
Trustmark 1,300 28
City National 800 26
Sky Financial Group 1,303 26
CCB Financial 600 26
Peoples Heritage Financial Group 1,700 26
Old National Bancorp 780 25
Provident Financial Group 700 25
Wilmington Trust 500 24
U.S. Trust 300 24
Fulton Financial 1,265 23
Valley National Bancorp 813 23
Pacific Century Financial 1,200 22
First Midwest Bancorp 845 22
Centura Banks 500 22
Hibernia Corp. (Class A) 2,000 21
Cullen/Frost Bankers 800 21
Commerce Bancorp 500 20
Commercial Federal 1,100 20
Bancwest 1,000 19
One Valley Bancorp 600 18
23
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Trustco Bank 1,320 $ 18
Merchants Bancshares 800 17
Keystone Financial 800 17
WestAmerica 600 17
Bancorpsouth 1,000 16
Hudson United Bancorp 615 16
TeleBanc Financial * 600 16
Arrow Financial 800 15
Wintrust Financial * 1,000 15
Susquehanna Bancshares 950 15
Colonial Bancgroup 1,400 15
F&M National 515 14
First Citizens Bancshares 200 14
Midwest Banc Holdings 1,000 14
Independence Community Bank 1,100 14
PFF Bancorp 700 14
Citizens Banking 600 13
Mid State Bancshares 400 13
BOK Financial * 618 13
Chemical Financial 400 13
Cathay Bancorp 300 12
UMB Financial 330 12
Imperial Bancorp * 500 12
First Commonwealth Financial 1,000 12
United Bankshares 500 12
USBANCORP 1,000 12
Chittenden 400 12
Texas Regional Bancshares 400 12
Merchants Bancorp 400 11
National Bancorp Alaska 400 11
Whitney Holding 300 11
Community First Bankshares 700 11
First Union 331 11
Park National 105 10
Net Bank * 500 9
S & T Bancorp 400 9
Pacific Capital Bancorp 300 9
24
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
U.S. Bancorp 387 $ 9
Investors Financial Services 200 9
Second Bancorp 400 9
SGV Bancorp * 400 9
Medford Bancorp 500 8
Niagara Bancorp 800 8
Mississippi Valley Bankshares 300 8
Banknorth Group 300 8
Hudson City Bancorp 600 8
Southwest Bancorp * 400 8
BWC Financial * 400 8
Banco Santander Prior San Juan 500 8
Republic Bancshares * 600 8
Bay Bancshares 400 7
Delphos Citizens Bancorp 400 7
Interchange Financial Services 400 7
Provident Bankshares 300 5
-------------
1,907
-------------
Financial Services 1.2%
Comdisco 2,100 78
The CIT Group (Class A) * 3,200 68
Concord EFS * 2,550 66
Arthur J. Gallagher 500 32
Express Scripts (Class A) * 500 32
AmeriCredit * 1,600 30
Erie Indemnity 900 29
FINOVA Group 800 28
Choicepoint * 600 25
Compucredit * 500 19
Metris 500 18
Nextcard * 600 17
Student Loan 300 15
Allied Capital 800 15
Perry County Financial 700 14
ADVANTA 766 14
First United Bancshares 1,000 14
Cash America Investments 1,300 13
E.W. Blanch 200 12
White Mountains Insurance Group 100 12
25
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Crawford (Class B) 800 $ 11
Heller Financial 500 10
Matrix Capital * 800 10
UICI * 900 10
NCO Group * 300 9
Actrade International * 600 9
WFS Financial * 400 8
Brown and Brown 200 8
Security Capital Group (Class B) * 600 7
Doral Financial 600 7
E Loan * 400 6
Insignia Financial Group * 700 6
4 Kids Entertainment * 100 3
Linc Capital * 600 3
Homefed * 158 0
-------------
658
-------------
Life & Health Insurance 0.3%
Protective Life 1,000 32
Reinsurance Group America 650 18
Hartford Life (Class A) 400 18
Liberty Financial 700 16
Mony Group 500 15
Kansas City Life Insurance 400 14
Stancorp Financial Group 400 10
American Annuity Group 500 9
Nationwide Financial Services (Class A) 300 8
Presidential Life 400 7
Delphi Financial Group * 204 6
Cotton States Life Insurance 500 4
-------------
157
-------------
Property & Casualty Insurance 3.4%
Berkshire Hathaway (Class A) * 19 1,066
CNA Financial * 2,200 86
AMBAC 800 42
Transatlantic Holdings 500 39
Travelers Property Casualty (Class A) 1,000 34
Unitrin 900 34
Allmerica Financial 600 33
American National Insurance 500 32
26
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
PMI Group 600 $ 29
Wesco Financial 100 24
Radian Group 500 24
American Financial Group 900 24
Financial Security Assurance 400 21
Leucadia National 900 21
20th Century Industries 1,000 19
Alleghany * 100 19
Old Republic International 1,350 18
Mercury General 800 18
Commerce Group 600 16
Markel * 100 15
Trenwick Group 812 14
First American 1,000 12
BancInsurance * 2,310 12
Horace Mann Educators 600 12
Everest Reinsurance Holdings 500 11
Midland 500 10
RLI 300 10
HSB Group 300 10
Reliance Group Holdings 1,500 10
State Auto Financial 1,100 10
Harleysville Group 700 10
HCC Insurance Holdings 700 9
Triad Guaranty * 400 9
Highlands Insurance Group * 900 9
W. R. Berkley 400 8
Alfa 500 8
Fremont General 1,100 8
Ohio Casualty 500 8
NYMAGIC 600 8
ACE Limited 390 7
Enhance Financial Services 400 7
Risk Capital Holdings * 500 7
Amwest Insurance Group 726 5
PAULA Financial 800 5
Acceptance Insurance * 700 4
Frontier Insurance Group * 1,030 4
27
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Superior National Insurance Group * 400 $ 3
-------------
1,844
-------------
Securities & Asset Management 1.9%
AXA Financial 5,500 186
Goldman Sachs Group 900 85
E*TRADE * 2,900 76
Donaldson, Lufkin & Jenrette 1,400 68
Knight Trimark Group * 1,400 64
Alliance Capital 2,100 63
AmeriTrade * 2,000 43
ReliaStar Financial 1,100 43
Eaton Vance 1,100 42
A.G. Edwards 1,300 42
TD Waterhouse Group * 2,500 41
Federated Investors (Class B) 1,500 30
Legg Mason 700 25
Waddell & Reed Financial (Class A) 900 24
Pimco Advisors Holdings 600 23
Raymond James Financial 1,100 20
John Nuveen (Class A) 500 18
Morgan Keegan 1,000 17
Neuberger Berman * 600 15
United Asset Management 800 15
Wit Capital Group * 800 14
NVEST 700 11
Dain Rauscher * 200 9
International Bancshares 200 9
National Discount Brokers Group * 300 8
Labranche & Company * 600 8
Big Foot Financial 400 5
Peoples Financial 600 4
-------------
1,008
-------------
Thrift Institutions 0.9%
Golden State Bancorp * 1,900 33
Greenpoint Financial 1,300 31
Astoria Financial 800 25
Sovereign Bancorp 3,100 23
Dime Bancorp 1,500 23
28
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Washington Federal 1,080 $ 21
People's Bank 1,000 21
First Indiana 900 20
Roslyn Bancorp 1,000 18
St. Francis Capital 900 17
FirstBank Puerto Rico 800 17
Queens County Bancorp 600 16
Home Federal Savings Bank 700 16
FirstFed Financial * 1,100 16
Staten Island Bancorp 800 14
Ameriana Bancorp 960 14
Webster Financial 600 14
Mid Coast Bancorp 1,575 12
First Financial Bancorp 550 12
Bank United 400 11
Capitol Federal Financial 1,100 11
Mech Financial 300 10
J S B Financial 200 10
Reliance Bancorp 300 10
ISB Financial 700 10
Maf Bancorp 400 8
Downey Financial 400 8
Westcorp 500 7
Richmond County Financial 400 7
StateFed Financial 800 7
Commonwealth Bancorp 400 7
Bedford Bancshares 600 6
475
-------------
Total Financial 6,049
-------------
HEALTH CARE 5.9%
Drugs 3.9%
Immunex * 2,000 219
Biogen * 1,900 160
MedImmune * 800 133
Genentech * 900 121
Chiron * 2,300 97
Affymetrix * 500 85
Human Genome Sciences * 500 76
29
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Millennium Pharmaceuticals * 585 $ 71
Forest Laboratories * 1,000 61
Genzyme * 1,100 49
Perkin-Elmer * 300 45
Gilead Sciences * 765 41
Mylan Laboratories 1,600 40
Sepracor * 400 40
Cygnus * 2,100 38
King Pharmaceuticals * 600 34
IVAX * 1,300 33
Priority Healthcare (Class B) * 997 29
ICN Pharmaceuticals 1,100 28
Abgenix * 200 26
Jones Medical Industries 600 26
Neurocrine Biosciences * 1,000 25
Digene * 1,400 24
ICOS * 800 23
Enzon * 500 22
Vical * 700 21
Dura Pharmaceuticals * 1,300 18
Ventana Medical Systems * 700 17
Andrx * 400 17
ONYX Pharmaceuticals * 1,600 16
Bergen Brunswig 1,915 16
Bio Technology General * 1,000 15
Medarex * 400 15
Alkermes * 300 15
Celgene * 200 14
Protein Design Labs * 200 14
Cephalon * 400 14
United Therapeutics * 300 14
Enzo Biochem * 300 14
Bindley Western Industries 888 13
K-V Pharmaceutical * 600 13
Allscripts * 300 13
Inhale Therapeutic Systems * 300 13
Medicis Pharmaceutical * 300 13
Geron * 1,000 13
Alpharma (Class A) 400 12
30
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Invitrogen * 200 $ 12
BioCryst Pharmaceuticals * 400 12
D&K Healthcare * 800 12
Pharmacia & Upjohn 243 11
COR Therapeutics * 400 11
AmeriSource Health * 700 11
Immucor * 800 11
Vertex Pharmaceuticals * 300 10
Rexall Sundown * 1,000 10
Cambrex 300 10
Covance * 900 10
Barr Laboratories * 300 9
Albany Molecular Research * 300 9
Supergen * 300 9
Northfield Laboratories * 800 9
PathoGenesis * 400 9
Pharmacyclics * 200 8
IDEXX Laboratories * 500 8
CV Therapeutics * 300 8
NBTY * 700 8
Transkaryotic Therapies * 200 8
Viropharma * 200 7
Liposome * 500 6
Syncor International * 200 6
Triangle Pharmaceuticals * 400 5
Genzyme Molecular Biology * 75 1
-------------
2,086
-------------
Medical Products 1.3%
Stryker 1,200 84
IDEC Pharmaceuticals * 500 49
Cytyc * 700 43
Imclone Systems * 1,000 40
Techne * 700 39
VISX * 700 36
Sybron International * 1,300 32
Minimed * 400 29
Wesley Jessen VisionCare * 700 26
ABIOMED * 700 25
Beckman Industries 500 25
31
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Dentsply International 800 $ 19
Summit Technology * 1,500 17
Patterson Dental * 400 17
Merit Medical Systems * 2,300 17
Mentor 600 16
Kensey Nash * 1,300 15
Eltrax Systems * 1,900 15
Varian Associates * 500 15
Safeskin * 1,100 14
Ocular Sciences * 700 13
CONMED * 500 13
Cohesion Technologies * 1,400 13
Steris * 1,200 12
Invacare 600 12
Arrow International 400 11
ADAC Laboratories * 1,000 11
Inamed * 200 9
Henry Schein * 600 8
Analogic 200 7
Arthrocare * 100 6
American Science Engineering * 800 6
Genzyme Surgical Products * 896 5
VIVUS * 900 3
Advanced Tissue Sciences * 1,100 3
-------------
705
-------------
Medical Providers & Services 0.7%
Health Management (Class A) * 3,400 45
First Health Group * 1,400 38
Lincare * 1,000 35
PacifiCare Health Systems (Class A) * 600 32
Hillenbrand Industries 800 25
Trigon Healthcare * 700 21
Omnicare 1,600 19
Foundation Health Systems * 1,700 17
Quorum Health Group * 1,700 16
Oxford Health Plans * 1,200 15
Universal Health Services * 400 14
Orthodontic Centers of America * 1,200 14
Quest Diagnostics * 400 12
32
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Renal Care Group * 500 $ 12
Total Renal Care Holdings * 1,700 11
Hooper Holmes 400 10
Labone 1,500 10
Coventry Health Care * 1,300 9
Stewart Enterprises (Class A) 1,800 9
Res-Care * 600 8
Alterra Healthcare * 800 7
AmeriPath * 800 6
Rural Metro * 1,300 6
Capital Senior Living * 1,000 5
Sierra Health Services * 700 5
-------------
401
-------------
Total Health Care 3,192
-------------
INDUSTRIAL 2.0%
Defense and Aerospace 0.3%
Litton Industries * 600 30
Howmet International * 1,300 23
Sequa (Class A) * 400 22
United Industrial 1,600 15
Kaman 1,100 14
Cordant Technologies 400 13
Orbital Sciences * 700 13
Precision Castparts 400 11
Heico 400 9
GRC International ADS * 700 8
Kellstrom Industries * 700 6
Heico (Class A) 250 5
Gencorp 500 5
T NETIX * 700 3
-------------
177
-------------
Heavy Electrical Equipment 0.5%
American Power Conversion * 2,400 63
Cable Design Technologies * 1,100 25
Hubbell (Class B) 900 25
Commscope * 600 24
UCAR International * 1,300 23
33
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Teleflex 700 $ 22
Belden 1,000 21
Alpine Group * 1,100 14
Plug Power * 500 14
Lincoln Electric Holdings 600 13
Anicom * 2,000 9
Anixter International * 400 8
Optical Cable * 400 8
Owosso 1,200 4
-------------
273
-------------
Industrial Parts 1.0%
American Standard * 900 41
Pentair 700 27
Tecumseh Products 500 24
Manitowoc 600 20
Donaldson 800 19
Cymer * 400 18
Marine Drilling * 800 18
AAON * 1,200 17
Mattson Technology * 1,000 17
Genlyte Group * 800 17
York International 600 17
Thomas Industries 800 16
Energy Conversion Devices * 1,700 16
UNOVA * 1,200 16
Specialty Equipment * 600 14
Kennametal 400 13
Powell Industries * 1,900 13
Key Technology * 1,400 13
Trigen Energy 700 12
Lindsay Manufacturing 650 12
Standard Motor Products 700 11
Graco 300 11
Mark IV Industries 600 11
Hussmann 700 11
United Dominion Industries 500 10
Nordson 200 10
IDEX 300 9
Helix Technology 200 9
34
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
EDO 1,500 $ 9
Kaydon 300 8
Flow International * 700 8
Zoltek * 900 8
Ametek Aerospace Products 400 8
Rayovac * 400 8
Blout International * 407 7
CTB International * 900 5
Washington Scientific Industries * 1,400 5
Middleby * 800 5
Industrial Holdings * 1,600 4
Graham * 600 4
Waterlink * 800 2
-------------
523
-------------
Heavy Machinery 0.2%
Trinity Industries 900 26
Newport News Shipbuilding 800 22
AGCO 1,300 17
Tennant 500 16
Dril-Quip * 400 12
CMI (Class A) 800 6
-------------
99
-------------
Total Industrial 1,072
-------------
RETAIL 3.6%
Clothing Stores 0.8%
Intimate Brands 3,015 130
Talbots 800 36
Abercrombie & Fitch (Class A) * 1,300 35
Ross Stores 1,600 29
Payless Shoesource * 600 28
Brauns Fashions * 1,200 25
American Eagle Outfitters * 500 22
Neiman Marcus Group * 800 22
Dress Barn * 1,100 18
Gadzooks * 1,600 16
AnnTaylor Stores * 300 10
WoolWorth * 1,400 10
Pacific Sunwear * 300 10
35
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Men's Wearhouse * 300 $ 9
Stein Mart * 1,300 7
Too * 400 7
Claire's Stores 300 7
Harold's Stores * 1,700 6
The Children's Place * 300 5
Syms * 900 5
Stage Stores * 1,700 4
-------------
441
-------------
Grocery Stores 0.3%
Hannaford Brothers 600 42
Food Lion 1,800 37
Weis Markets 700 30
Whole Foods Market * 400 19
Rocky Mountain Chocolate Factory * 1,900 10
Casey's General Stores 900 9
Ruddick 600 9
Marsh Supermarkets 600 6
-------------
162
-------------
Department Stores 0.2%
Family Dollar Stores 2,200 36
Saks * 1,675 26
Ames Department Stores * 500 14
Value City Dept Stores * 700 11
Bon-Ton Stores * 1,400 5
-------------
92
-------------
Retailing/Specialty Retailers 2.3%
Amazon.com * 4,300 328
Tiffany 1,000 89
CDW Computer Centers * 800 63
Chemdex * 400 44
etoys * 1,400 37
Williams-Sonoma * 800 37
Dollar Tree Stores * 750 36
BJ's Wholesale Club * 900 33
Fastenal 700 32
ValueVision International (Class A) * 500 29
Lands' End * 700 24
Zale * 500 24
Borders Group * 1,300 21
36
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Fred's (Class A) 1,300 $ 21
Barnes & Noble * 900 19
Drugstore.Com * 500 18
Linens `n Things * 600 18
Stamps.com * 400 17
Spiegel (Class A) * 2,200 16
99 Cents Only Stores * 400 15
uBid * 563 15
West Marine * 1,700 14
OfficeMax * 2,400 13
Caremark Rx * 2,600 13
O'Reilly Automotive * 600 13
Micro Warehouse * 700 13
Good Guys * 1,400 13
CompUSA * 2,400 12
Insight Enterprises * 300 12
Hibbett Sporting Goods * 700 12
Advanced Marketing Services 400 11
Michaels Stores * 400 11
Damark International * 700 11
Tweeter Home Entertainment Group * 300 11
CSK Auto * 600 11
School Specialty * 676 10
Bandag 400 10
MSC * 700 9
PETsMART * 1,600 9
Planetrx * 600 9
U.S. Office Products * 2,572 8
Boyds Collection * 1,200 8
Hancock Fabrics 2,600 8
InterTAN * 300 8
Transport World Entertainment * 700 7
Tuesday Morning * 400 7
Hollywood Entertainment * 500 7
Cost Plus * 200 7
Sunglass Hut International * 600 7
Beyond.com * 800 6
Friedman's 800 6
Creative Computers * 800 6
37
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
barnesandnoble.com * 400 $ 6
Ashford.com * 400 4
Value America * 600 3
-----------
1,251
-----------
Total Retail 1,946
-----------
TECHNOLOGY 34.3%
Computer Makers 0.1%
Digital Lightwave * 400 25
Micron Electronics * 1,500 17
MMC Networks * 400 14
Concurrent Computer * 700 13
-----------
69
-----------
Communications Equipment 2.6%
Qwest Communications International * 8,698 374
Sycamore Networks * 1,000 305
CIENA * 1,600 92
Advanced Fibre Communications * 1,400 63
DSP Group * 600 56
Polycom * 800 51
Aspect Telecommunications * 1,200 47
Harmonic Lightwaves * 400 38
ADTRAN * 700 36
Sawtek * 500 33
ANTEC * 800 29
Plantronics * 400 29
Efficient Networks * 400 27
Ortel * 200 24
Comtech Telecommunications * 1,350 19
Terayon Communication Systems * 300 19
P-COM * 1,900 17
L 3 Communications * 400 17
Digital Microwave * 700 16
Tekelec * 700 16
C-Cor.net * 200 15
Viasat * 300 15
Carrier Access * 200 13
Powerwave Technologies * 200 12
38
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
PairGain Technologies * 800 $ 11
Harris 400 11
ditech Communications * 100 9
InterVoice * 400 9
Active Voice * 300 9
Com21 * 300 7
-----------
1,419
-----------
Computer Communications Equipment 1.1%
Juniper Networks * 600 204
Extreme Networks * 600 50
Electronics for Imaging * 800 47
Emulux * 400 45
Alteon Websystems * 500 44
Network Peripherals * 900 43
Ancor Communications * 300 20
Aironet Wireless Communication * 200 13
Gadzoox Networks * 300 13
SCM Microsystems * 200 13
Splash Technology * 1,400 12
Proxim * 100 11
Netopia * 200 11
Paradyne Networks * 400 11
Digi International * 1,000 11
Apex * 300 10
Cybex Computer Products * 200 8
Ezenia * 600 5
-----------
571
-----------
Miscellaneous Computer Hardware 1.9%
Foundry Networks * 700 211
Brocade Communications Systems * 600 106
Symbol Technologies 1,150 73
RSA Security * 800 62
Dataram * 2,550 57
Zebra Technologies (Class A) * 700 41
Sandisk * 400 38
MIPS Technologies * 600 31
Quantum * 2,000 30
Scansource * 700 28
Crossroads Systems * 300 25
39
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Storage Technology * 1,300 $ 24
Intraware * 300 24
Tech Data * 800 22
Diebold 900 21
Jack Henry & Associates 400 21
Black Box * 300 20
Interlink Electronics * 300 17
Imation * 500 17
Exabyte * 2,200 17
Advanced Digital Info * 300 15
Stratasys * 1,700 12
Kronos * 200 12
Iomega * 3,400 12
Netegrity * 200 11
MTI Technology * 300 11
Ingram Micro * 800 11
Radisys * 200 10
Immersion * 200 8
Amplicon 600 7
Digital River * 200 7
Smartdisk * 200 7
Maxtor * 900 7
Quantum * 900 6
Global Payment Technologies * 600 6
Vixel * 300 5
Ultradata Systems * 1,200 1
SED International Holdings * 600 1
Western Digital * 300 1
-------------
1,035
-------------
Computer Software 12.0%
VERITAS Software * 3,250 465
Siebel Systems * 2,400 202
i2 Technologies * 1,000 195
Broadvision * 1,100 187
Commerce One * 900 177
Intuit * 2,400 144
Vignette * 800 130
Liberate Technologies * 500 128
BEA Systems * 1,800 126
40
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Sapient * 800 $ 113
RealNetworks * 900 108
Tibco Software * 700 107
Inktomi * 1,200 106
Vitria Technology * 400 94
Phone.com * 800 93
Portal Software * 900 92
Redback Networks * 500 89
Cadence Design Systems * 3,400 82
Safeguard Scientifics * 500 81
Checkfree Holdings * 700 74
Legato Systems * 1,000 69
Peregrine Systems * 800 67
Electronic Arts * 800 67
USinternetworking * 900 63
Synopsys * 900 60
Rational Software * 1,200 59
Intertrust Technologies * 500 59
Razorfish * 575 55
Mercury Interactive * 500 54
Network Associates * 2,000 53
HNC Software * 500 53
Cacheflow * 400 52
Art Technology Group * 400 52
Macromedia * 700 51
Micromuse * 300 51
Quest Software * 500 50
iXL Enterprises * 900 50
Software.com * 500 48
Harbinger * 1,500 48
Symantec * 800 47
NCR * 1,200 45
Retek * 600 45
J. D. Edwards * 1,500 45
Agile Software * 200 43
USWeb * 950 42
Inet Technologies * 600 42
Virginia Linux Systems * 200 41
41
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Sterling Software * 1,300 $ 41
Clarify * 300 38
Sterling Commerce * 1,100 38
Active Software * 400 37
Interwoven * 300 37
Lightbridge * 1,300 37
Engage Technologies * 600 36
Informix * 3,100 36
ISS Group * 500 36
National Instruments * 900 35
F5 Networks * 300 34
Metasolv Software * 400 33
Silknet Software * 200 33
Akamai Technologies * 100 33
S1 Corporation * 400 31
Entrust Technologies * 500 30
Verity * 700 30
Netzero * 1,100 30
Macrovision * 400 30
Allaire * 200 29
Applix * 1,600 29
New Era Of Networks * 600 29
Titan * 600 28
Applied Voice Technology * 600 28
Packeteer * 400 28
Aspect Development * 400 27
Acxiom * 1,100 26
Puma Technology * 200 26
Midway Games * 1,079 26
Interworld * 300 26
Tumbleweed Communications * 300 25
Silverstream Software * 200 24
Visio * 500 24
Visual Networks * 300 24
Clarent * 300 23
Bluestone Software * 200 23
Activision * 500 23
Open Market * 500 23
42
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Great Plains Software * 300 $ 22
Broadbase Software * 200 22
Project Software & Development * 400 22
Informatica * 200 21
MicroStrategy (Class A) * 100 21
Dendrite International * 600 20
Predictive Systems * 300 20
Industri-Matematik * 3,200 20
JDA Software Group * 1,200 20
Remedy * 400 19
IDX Systems * 600 19
Marimba * 400 18
Wind River Systems * 500 18
Quintus * 400 18
SPSS * 700 18
Tanning Technology * 300 18
Hyperion Solutions * 400 17
LHS Group * 700 17
Rare Medium Group * 500 17
TSI International Software * 300 17
Genesys Telecommunications Laboratory * 300 16
WebTrends * 200 16
Accrue Software * 300 16
Tenfold * 400 16
Eclipsys * 600 15
SABRE Group Holdings * 300 15
Policy Management Systems * 600 15
Sybase * 900 15
Santa Cruz Operation * 500 15
National Computer Systems 400 15
Bindview Development * 300 15
Micros Systems * 200 15
Cysive * 200 15
Research Engineers * 300 14
Mustang.com * 900 14
Amdocs 408 14
Mission Critical Software * 200 14
Concord Communications * 300 13
Clarus * 200 13
43
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Integral Systems * 300 $ 13
Health Management Systems * 2,000 13
Actuate Software * 300 13
Advent Software * 200 13
Net Perceptions * 300 13
Sanchez Computer Associates * 300 12
Documentum * 200 12
Ardent Software * 300 12
Mapics * 900 11
Progress Software * 200 11
Egain Communications * 300 11
Transaction Systems Architects * 400 11
Onyx Software * 300 11
Exchange Applications Software * 200 11
Intranet Solutions * 300 11
Aware * 300 11
MapInfo * 300 11
SOFTWORKS * 1,100 11
SeaChange International * 300 11
NetIQ * 200 11
Mentor Graphics * 800 11
Mercury Computer Systems * 300 10
Integrated Systems * 300 10
Complete Business Solutions * 400 10
Imanage * 300 10
Manugistics Group * 300 10
Infocure * 300 9
NetScout Systems * 300 9
Serena Software * 300 9
BE * 400 9
Primus Knowledge Solutions * 200 9
Sagent Technology * 300 9
eSoft * 300 9
On2.com * 300 9
AXENT Technologies * 400 9
Brio Technology * 200 8
SalesLoggix * 200 8
4Front Technologies * 600 8
Saga Systems * 400 8
44
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Aspen Technology * 300 $ 8
Liquid Audio * 300 8
Cerner * 400 8
CyberCash * 800 7
Summit Design * 2,000 7
digex * 100 7
Inprise * 600 7
Intergraph * 1,400 7
IMRglobal * 500 6
Concur Technologies * 200 6
Advantage Learning Systems * 500 6
Rogue Wave Software * 600 5
Daleen Technologies * 200 4
GT Interactive Software * 2,000 3
Aztec Technology Partners * 538 3
-------------
6,514
-------------
Heavy Electrical Equipment 0.0%
World Access * 600 12
-------------
12
-------------
Electronic Equipment 3.9%
Level 3 Communications * 4,200 344
Agilent Technologies * 1,600 124
Metromedia Fiber Network * 2,370 114
SCI Systems * 900 74
Jabil Circuit * 1,000 73
Sanmina * 700 70
Optical Coating Laboratory 200 59
AVX 1,100 55
American Tower Systems (Class A) * 1,700 52
Vishay Intertechnology * 1,400 44
Waters * 800 42
SPX * 500 40
InterDigital Communication * 500 38
Xircom * 500 38
TeleCorp PCS * 900 34
Amphenol * 500 33
Cobalt Networks * 300 32
Oak Industries * 300 32
Technitrol 700 31
45
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Copper Mountain * 600 $ 29
Pittway 600 27
Credence Systems * 300 26
Netro * 500 25
MRV Communications * 400 25
C-Cube Microsystems * 400 25
KEMET * 500 23
Methode Electronics (Class A) * 700 22
Fisher Scientific * 600 22
Thermo Instrument Systems * 1,900 21
Tollgrade Communications * 600 21
Act Manufacturing * 550 21
Vicor * 500 20
Watkins-Johnson 500 20
Advanced Energy Industries * 400 20
Cognex * 500 19
Cyberoptics * 700 19
Bio-Rad Laboratories * 800 19
Brightpoint * 1,400 18
Wink Communications * 300 18
T-HQ * 750 17
Park Electrochemical 600 16
Sensormatic Electronics * 900 16
Roper Industries 400 15
Esterline Technologies * 1,300 15
Kimball International 900 15
Power-One * 300 14
NetOptix * 200 13
Dionex * 300 12
Pinnacle * 300 12
MagneTek * 1,500 12
LTX * 500 11
MKS Instruments * 300 11
PC-Tel * 200 11
Artesyn Technologies * 500 10
Hadco * 200 10
Federal Signal 600 10
Checkpoint Systems * 900 9
Plexus * 200 9
46
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
EMS Technologies * 700 $ 8
Coherent * 300 8
Thermo Optek * 700 8
Input/Output * 1,500 8
General Cable 1,000 8
Valence Technology * 400 8
Video Display * 1,700 7
Varian * 300 7
Perceptron * 1,600 6
LeCroy * 400 5
Hutchinson Technology * 200 4
-------------
2,084
-------------
Information Services 7.0%
Ariba * 1,200 213
e-bay * 1,600 200
Exodus Communications * 2,100 187
At Home * 4,240 182
Redeemable Hat * 800 169
Internap Network Services * 800 138
InfoSpace.com * 600 128
VerticalNet * 600 98
Lycos * 1,200 96
Network Solutions (Class A) * 400 87
priceline.com * 1,800 85
Convergys * 2,600 80
Scient * 900 78
CareInsite * 900 72
Proxicom * 500 62
Kana Communications * 300 62
DST Systems * 800 61
HomeStore.com * 800 59
FIserv * 1,525 58
CNET * 900 51
PSINet * 800 49
Critical Path * 500 47
Verio * 900 42
PurchasePro.com * 300 41
Total Systems Services 2,500 41
Galileo International 1,200 36
47
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
SunGard Data Systems * 1,500 $ 36
Incyte Pharmaceuticals * 600 36
Goto.com * 600 35
Ask Jeeves * 300 34
Healtheon * 900 34
Affiliated Computer Services (Class A) * 700 32
Cambridge Technology Partners * 1,200 32
Sykes Enterprises * 700 31
CIBER * 1,100 30
Navisite * 300 30
Viant * 300 29
Keane * 900 29
Starmedia Network * 700 28
LookSmart * 1,000 27
Go2Net * 300 26
BISYS Group 400 26
Flycast Communications * 200 26
MP3.com * 800 25
CSG Systems International * 600 24
Perot Systems * 1,200 23
American Management Systems * 700 22
Breakaway Solutions * 300 22
Keynote Systems * 300 22
Calico Commerce * 400 21
QRS * 200 21
Mindspring Enterprises * 800 21
InterVU * 200 21
National Information Consortium * 600 19
Concentric Network * 600 18
About.com * 200 18
Juno Online Services * 500 18
AppNet Systems * 400 18
Mastech * 700 17
AnswerThink Consulting Group * 500 17
Yesmail.com * 500 17
Earthlink Network * 400 17
24/7 Media * 300 17
Technology Solutions * 500 16
Factset Research Systems 200 16
48
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Internet * 300 $ 16
Cybersource * 300 16
Prodigy Communications * 800 15
Medquist * 600 15
Multex.com * 400 15
SportsLine USA * 300 15
Worldgate Communications * 300 14
Trizetto Group * 300 14
Avert 1,100 14
Luminant Worldwide * 300 14
Hotjobs * 300 13
Interliant * 500 13
Pegasus Systems * 200 12
Data Transmission Network * 700 12
Loislaw * 300 12
High Speed Access * 600 11
InsWeb * 400 10
Telescan * 400 10
Freeshop * 200 10
Metro Information * 400 10
US Interactive * 220 9
Student Advantage * 400 9
A Consulting Team * 1,800 9
Pivotal * 200 8
AppliedTheory * 300 8
Mpath Interactive * 300 8
Group 1 Software * 600 8
Launch Media * 400 8
Mail.com * 400 8
MarketWatch.com * 200 7
Digital Insight * 200 7
Lionbridge Technologies * 400 7
N2H2 * 300 7
Superior Consultant Holdings * 500 7
UBICS * 2,200 7
iVillage * 300 6
TheStreet.com * 300 6
Daou Systems * 1,500 5
CareerBuilder * 700 5
49
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
ZapMe! * 500 $ 4
BiznessOnline.com * 600 4
-------------
3,781
-------------
Semiconductor Capital Equipment 0.4%
Novellus Systems * 500 61
Lam Research * 500 56
Kulicke & Soffa * 700 30
Photronics * 800 23
Veeco * 400 19
Asyst Technologies * 200 13
Varian Semiconductor Equipment * 300 10
Etec Systems * 200 9
Silicon Valley Group * 400 7
-------------
228
-------------
Semiconductors 5.3%
JDS Uniphase * 2,800 452
Broadcom * 600 163
Conexant Systems * 2,400 159
Maxim Integrated Products * 3,300 156
Linear Technology 1,800 129
Altera * 2,500 124
E Tek Dynamics * 900 121
Vitesse Semiconductor * 2,000 105
Applied Micro Circuits * 700 89
Atmel * 3,000 89
SDL * 400 87
RF Micro Devices * 1,200 82
QLogic * 400 64
Microchip Technology * 800 55
Finisar * 600 54
Cree Research * 600 51
Burr Brown * 1,350 49
Cypress Semiconductor * 1,400 45
Amkor Technology * 1,600 45
Avnet 600 36
Arrow Electronics * 1,400 36
Integrated Device Technology * 1,100 32
CTS 400 30
50
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Micrel * 500 $ 29
Lattice Semiconductor * 600 28
DII Group * 400 28
Rambus * 400 27
Dallas Semiconductor 400 26
Fairchild Semiconductor International * 800 24
TelCom Semiconductor * 1,100 23
TriQuint Semiconductor * 200 22
TranSwitch * 300 22
Semtech * 400 21
JNI * 300 20
Nvidia * 400 19
Cohu 600 18
Maker Communications * 400 17
Kopin * 400 17
HEI * 2,100 17
Network Plus * 700 15
Electro Scientific Industries * 200 15
DuPont Photomasks * 300 14
Power Integrations * 300 14
MEMC Electronic Materials * 1,100 13
Align-Rite International * 600 13
Siliconix * 100 13
International Rectifier * 500 13
GlobeSpan Semiconductor * 200 13
Silicon Storage Technology * 300 12
Exar * 200 12
S3 * 1,000 12
Alpha Industries * 200 11
ESS Technology * 500 11
Cirrus Logic * 800 11
Elantec Semiconductor * 300 10
PLX Technology * 500 9
ANADIGICS * 200 9
Audiovox * 300 9
Kent Electronics * 400 9
Virata * 300 9
Alliance Semiconductor * 500 8
51
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Opti 1,200 $ 6
hi/fn * 100 4
2,876
-------------
Total Technology 18,589
-------------
TELECOMMUNICATIONS 4.0%
Wireless Communications 1.2%
VoiceStream Wireless * 1,100 156
U. S. Cellular * 1,100 111
Omnipoint * 900 108
Telephone and Data Systems 700 88
Associated Group * 600 55
Leap Wireless * 600 47
Western Wireless * 700 47
Centennial Cellular (Class A) * 400 33
Boston Communications Group * 1,100 6
-------------
651
-------------
Telephone 2.6%
NTL * 1,300 162
McLeod USA * 1,900 112
Broadwing * 2,648 98
GTS * 2,200 76
NEXTLINK Communications * 900 75
Allegiance Telecom * 800 74
Next Level Communications * 900 68
Covad Communications Group * 950 53
Citizens Utilities * 3,734 53
Winstar Communications * 700 53
Viatel * 678 36
NorthPoint Communications * 1,500 36
Northeast Optic Network * 500 31
Rhythms NetConnections * 1,000 31
Intermedia Communications * 800 31
Williams Communications Group * 800 23
ITC Deltacom * 800 22
Illuminet Holdings 400 22
Emmis Broadcasting * 1,200 21
Hickory Technology 1,400 21
52
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
ICG Communications * 1,100 $ 21
Focal Communications * 800 19
GST Telecommunications * 1,800 16
Network Access Solutions * 500 16
Commonwealth Telephone Enterprises * 300 16
Primus Telecommunications * 400 15
MGC Communications * 300 15
Time Warner Telecom (Class A) * 300 15
Adelphia Business Solutions * 300 14
Allied Riser Communications * 700 14
Itxc * 400 13
Dycom Industries * 300 13
CapRock Communications * 400 13
IXnet * 400 12
Pacific West Telecommunications * 450 12
FirstCom * 300 11
COMSAT 535 11
DSL.net * 700 10
Total-Tel USA Communications * 700 10
Net2Phone * 200 9
General Communications * 1,600 7
IDT * 300 6
Emmis Broadcasting, Rights, 2/12/00 * 30 0
-------------
1,386
-------------
Wireless Communications 0.2%
Powertel * 300 30
Triton PCS Holdings * 600 27
Aether Systems * 300 22
Aerial Communications * 200 12
MCI WorldCom * 192 10
Tritel * 300 10
Rural Cellular (Class A) * 100 9
CellStar * 700 7
-------------
127
-------------
Total Telecommunications 2,164
-------------
TRANSPORTATION 1.2%
Airlines 0.4%
UAL * 600 47
53
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Continental Airlines * 900 $ 40
Northwest Airlines * 900 20
Amtran * 800 15
Atlantic Coast Airlines * 600 14
Atlas Air * 500 14
Skywest 400 11
Alaska Air Group * 300 11
Frontier Airlines * 900 10
America West Holdings * 300 6
Mesa Air Group * 1,100 5
-------------
193
-------------
Railroads 0.1%
St. Joe 1,000 24
Florida East Coast 300 13
Wisconsin Central Transport * 800 11
RailAmerica * 1,100 9
Greenbrier 1,000 9
Westinghouse Air Brake 400 7
-------------
73
-------------
Trucking, Shipping & Air Freight 0.7%
United Parcel Service 1,400 97
Eagle USA Air Freight * 900 39
Expeditors International of Washington 700 30
CNF Transportation 700 24
C.H. Robinson Worldwide 600 24
Airbourne Freight 900 20
Swift Transportation * 1,050 19
American Freightways * 1,100 18
Overseas Shipholding Group 1,200 18
Roadway Express 800 17
USFreightways 300 14
M.S. Carriers * 500 12
Alexander & Baldwin * 500 11
Trico Marine Services * 1,600 11
Werner Enterprises 800 11
Forward Air * 200 9
U.S. Xpress Enterprises * 1,100 8
54
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
KLLM Transport * 1,400 $ 7
Motor Cargo Industries * 900 4
393
-------------
Total Transportation 659
-------------
UTILITIES 2.5%
Electric Utilities 1.7%
Calpine * 800 51
Montana Power 1,400 51
Allegheny Energy 1,400 38
New England Electric System 700 36
Energy East 1,700 35
Northeast Utilities 1,700 35
SCANA 1,300 35
Potomac Electric Power 1,500 34
Nstar 815 33
DPL 1,900 33
Illinova 900 31
DQE 900 31
Midamerica Energy Holdings 900 30
Teco Energy 1,500 28
Wisconsin Energy 1,400 27
NiSource 1,500 27
Conectiv 1,500 25
Central Maine Power 900 25
Alliant 800 22
UtiliCorp United 1,100 21
Pugets Sound Energy 1,100 21
IPALCO Enterprises 1,200 21
St. Joseph Light & Power 900 19
Idacorp 600 16
Maine Public Service 900 16
Sierra Pacific Resources 900 16
Kansas City Power & Light 700 15
United Illuminating 300 15
Minnesota Power & Light 900 15
OGE Energy 800 15
Public Service of New Mexico 900 15
55
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
SIGCORP 600 $ 14
Unisource Energy * 1,200 13
Western Resources 600 10
WPS Resources 400 10
Thermo Ecotek * 1,300 7
Florida Public Utilities 400 7
Rochester Gas & Electric 300 6
Hawaiian Electric Industries 200 6
--------------
905
--------------
Gas Utilities 0.8%
Marketspan 1,640 38
LG&E Energy 1,768 31
National Fuel Gas 600 28
American Water Works 1,300 28
Kinder Morgan 1,350 27
MCN 1,100 26
E'town 400 25
SJW 200 24
Energen 1,100 20
Piedmont Natural Gas 600 18
Yankee Energy System 400 18
WICOR 600 18
Washington Gas Light 600 16
Roanoke Gas Resources 700 15
AGL Resources 800 14
Equitable Resources 400 13
Valley Resources 600 13
Azurix * 1,300 12
EnergyNorth 200 11
Questar 700 10
Southern Union * 500 10
Southwest Gas 400 9
New Jersey Resources 200 8
Indiana Energy 400 7
United Water Resources 200 7
Philadelphia Suburban 300 6
--------------
452
--------------
Total Utilities 1,357
--------------
56
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
MISCELLANEOUS 0.6%
Miscellaneous 0.6%
E Piphany * 300 $ 67
Crown Castle International * 1,800 58
Transocean Sedco Forex 1,200 40
Webvan Group * 1,500 24
Be Free * 300 22
Silicon Image * 300 21
Santa Fe Snyder * 2,100 17
Landair * 3,100 16
Sodexho Marriott Services 1,100 14
Management Network Group * 400 13
Resource Asset Investment Trust, REIT 900 10
Meristar Hospitality 600 10
Investment Technology Group 300 9
Viador * 200 8
Vornado Operating * 1,335 8
Gulf West Banks 840 7
Procurenet 600 0
-------------
Total Miscellaneous 344
-------------
Total Common Stocks and Rights (Cost $40,361) 49,227
-------------
SHORT-TERM INVESTMENTS 9.6%
U.S. Government Obligations 0.4%
U.S. Treasury Bills, 5.145%, 3/30/00 $ 200,000 198
-------------
198
-------------
Money Market Funds 9.2%
Reserve Investment Fund, 6.18% # 4998,394 4,998
-------------
4,998
-------------
Total Short-Term Investments (Cost $5,196) 5,196
-------------
57
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
Value
- --------------------------------------------------------------------------------
In thousands
Total Investments in Securities
100.4% of Net Assets (Cost $45,557) $ 54,423
Futures Contracts
In thousands
Contract Unrealized
Expiration Value Gain (Loss)
---------- ----- -----------
Long, 10 Midcap 400 Stock
Index contracts, $100,000
of U.S. Treasury Bills
pledged as initial margin 3/00 $ 2,246 $ 104
Long, 10 Russell 2000
Stock Index contracts,
$100,000 of U.S. Treasury
Bills pledged as initial
margin 3/00 2,550 169
Net payments (receipts)
of variation margin to date (214)
Variation margin receivable
(payable) on open futures contracts 59
Other Assets Less Liabilities (263)
NET ASSETS $ 54,219
-----------
Net Assets Consist of:
Accumulated net investment income - net
of distributions $ (2)
Accumulated net realized gain/loss - net
of distributions 1,309
Net unrealized gain (loss) 9,139
Paid-in-capital applicable to 3,857,725
shares of $0.0001 par value capital
stock outstanding; 1,000,000,000 shares
of the Corporation authorized 43,773
NET ASSETS $ 54,219
-----------
NET ASSET VALUE PER SHARE $ 14.05
===========
# Seven-day yield
* Non-income producing
ADR American depository receipt
ADS American depository share
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these financial statements.
58
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
- -----------------------
STATEMENT OF OPERATIONS
- --------------------------------------------------------------------------------
In thousands
Year
Ended
12/31/99
Investment Income (Loss)
Income
Dividend $ 337
Interest 136
Total income 473
Expenses
Investment management and administrative 131
Net investment income (loss) 342
Realized and Unrealized Gain (Loss)
Net realized gain (loss)
Securities 2,331
Futures 182
Net realized gain (loss) 2,513
Change in net unrealized gain or loss
Securities 8,688
Futures 201
Change in net unrealized gain or loss 8,889
Net realized and unrealized gain (loss) 11,402
INCREASE (DECREASE) IN NET
ASSETS FROM OPERATIONS $ 11,744
-----------
The accompanying notes are an integral part of these financial statements.
59
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
- ----------------------------------
STATEMENT OF CHANGES IN NET ASSETS
- --------------------------------------------------------------------------------
In thousands
Year 1/30/98
Ended Through
12/31/99 12/31/98
Increase (Decrease) in Net Assets
Operations
Net investment income (loss) $ 342 $ 143
Net realized gain (loss) 2,513 822
Change in net unrealized gain or loss 8,889 250
Increase (decrease) in net assets from operations 11,744 1,215
Distributions to shareholders
Net investment income (346) (141)
Net realized gain (1,833) (193)
Decrease in net assets from distributions (2,179) (334)
Capital share transactions*
Shares sold 30,392 23,207
Distributions reinvested 2,140 327
Shares redeemed (8,627) (3,679)
Redemption fees received 6 7
Increase (decrease) in net assets from capital
share transactions 23,911 19,862
Net Assets
Increase (decrease) during period 33,476 20,743
Beginning of period 20,743 -
End of period $ 54,219 $ 20,743
-------------------------
*Share information
Shares sold 2,538 2,226
Distributions reinvested 166 33
Shares redeemed (728) (377)
Increase (decrease) in shares outstanding 1,976 1,882
The accompanying notes are an integral part of these financial statements.
60
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
December 31, 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
61
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
- --------------------------------------------------------------------------------
and 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 and 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 December 31, 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 $26,175,000 and $7,176,000, respectively, for the year
ended December 31, 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 December 31, 1999, the cost of investments for federal income tax purposes
was substantially the same as for financial reporting and totaled $45,557,000.
Net unrealized gain aggregated $8,866,000 at period-end, of which $14,454,000
related to appreciated investments and $5,588,000 to depreciated investments.
62
<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 year ended December 31, 1999,
totaled $130,000 and are reflected as interest income in the accompanying
Statement of Operations.
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T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
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REPORT OF INDEPENDENT ACCOUNTANTS
- --------------------------------------------------------------------------------
To the Board of Directors of T. Rowe Price Index Trust, Inc. and
Shareholders of T. Rowe Price Extended Equity Market Index Fund
In our opinion, the accompanying statement of net assets and the related
statements of operations and of changes in net assets and the financial
highlights present fairly, in all material respects, the financial position of
T. Rowe Price Extended Equity Market Index Fund (one of the portfolios
comprising T. Rowe Price Index Trust, Inc., hereafter referred to as the
"Fund") at December 31, 1999, and the results of its operations, the changes
in its net assets and the financial highlights for each of the fiscal periods
presented, in conformity with accounting principles generally accepted in the
United States. These financial statements and financial highlights (hereafter
referred to as "financial statements") are the responsibility of the Fund's
management; our responsibility is to express an opinion on these financial
statements based on our audits. We conducted our audits of these financial
statements in accordance with auditing standards generally accepted in the
United States, which require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management,
and evaluating the overall financial statement presentation. We believe that
our audits, which included confirmation of securities at December 31, 1999 by
correspondence with the custodian and brokers, provide a reasonable basis for
the opinion expressed above.
PricewaterhouseCoopers LLP
Baltimore, Maryland
January 20, 2000
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T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
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TAX INFORMATION (UNAUDITED) FOR THE TAX YEAR ENDED 12/31/99
- --------------------------------------------------------------------------------
We are providing this information as required by the Internal Revenue Code. The
amounts shown may differ from those elsewhere in this report because of
differences between tax and financial reporting requirements.
The Fund's distributions to shareholders included:
. $1,210,000 from short-term capital gains,
. $623,000 from long-term capital gains, subject to the 20% rate gains
category.
For corporate shareholders, $236,000 of the fund's distributed income and
short-term capital gains qualified for the dividends-received deduction.
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<PAGE>
T. ROWE PRICE SHAREHOLDER SERVICES
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INVESTMENT SERVICES AND INFORMATION
Knowledgeable Service Representatives
By Phone 1-800-225-5132 Available Monday through Friday from 8 a.m. to 10 p.m.
ET and weekends from 8:30 a.m. to 5 p.m. ET.
In Person Available in T. Rowe Price Investor Centers.
Account Services
Checking Available on most fixed income funds ($500 minimum).
Automatic Investing From your bank account or paycheck.
Automatic Withdrawal Scheduled, automatic redemptions.
Distribution Options Reinvest all, some, or none of your
distributions.
Automated 24-Hour Services Including Tele*Access(R)and the T. Rowe Price Web
site on the Internet. Address: www.troweprice.com
Brokerage services*
Individual Investments Stocks, bonds, options, precious metals, and other
securities at a savings over full-service commission rates. **
Investment Information
Combined Statement Overview of all your accounts with T. Rowe Price.
Shareholder Reports Fund managers' reviews of their strategies
and results.
T. Rowe Price Report Quarterly investment newsletter discussing markets and
financial strategies.
Performance Update Quarterly review of all T. Rowe Price fund results.
Insights Educational reports on investment strategies and financial markets.
Investment Guides Asset Mix Worksheet, College Planning Kit, Diversifying
Overseas: A Guide to International Investing, Personal Strategy Planner,
Retirees Financial Guide, and Retirement Planning Kit.
* T. Rowe Price Brokerage is a division of T. Rowe Price Investment Services,
Inc., Member NASD/SIPC.
** Based on a September 1999 survey for representative-assisted stock trades.
Services vary by firm, and commissions may vary depending on size of order.
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<PAGE>
T. ROWE PRICE MUTUAL FUNDS
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Stock Funds
Domestic
Blue Chip Growth
Capital Appreciation
Capital Opportunity
Diversified Small-Cap Growth
Dividend Growth
Equity Income
Equity Index 500
Extended Equity Market Index
Financial Services
Growth & Income
Growth Stock
Health Sciences
Media & Telecommunications
Mid-Cap Growth
Mid-Cap Value
New America Growth
New Era
New Horizons*
Real Estate
Science & Technology
Small-Cap Stock
Small-Cap Value
Spectrum Growth
Tax-Efficient Growth
Total Equity Market Index Value
International/Global
Emerging Markets Stock
European Stock
Global Stock
International Discovery
International Growth & Income
International Stock
Japan
Latin America
New Asia
Spectrum International
Bond Funds
Domestic Taxable
Corporate Income
GNMA
High Yield
New Income
Short-Term Bond
Short-Term U.S. Government
Spectrum Income
Summit GNMA
Summit Limited-Term Bond
U.S. Treasury Intermediate
U.S. Treasury Long-Term
Domestic Tax-Free
California Tax-Free Bond
Florida Intermediate Tax-Free
Georgia Tax-Free Bond
Maryland Short-Term Tax-Free Bond
Maryland Tax-Free Bond
New Jersey Tax-Free Bond
New York Tax-Free Bond
Summit Municipal Income
Summit Municipal Intermediate
Tax-Free High Yield
Tax-Free Income
Tax-Free Intermediate Bond
Tax-Free Short-Intermediate
Virginia Short-Term Tax-Free Bond
Virginia Tax-Free Bond
International/Global
Emerging Markets Bond
Global Bond
International Bond
Money Market Funds+
Taxable
Prime Reserve
Summit Cash Reserves
U.S. Treasury Money
Tax-Free
California Tax-Free Money
New York Tax-Free Money
Summit Municipal
Money Market
Tax-Exempt Money
Blended Asset FUNDS
Balanced
Personal Strategy Balanced
Personal Strategy Growth
Personal Strategy Income
Tax-Efficient Balanced
T. Rowe Price No-Load
Variable Annuity
Equity Income Portfolio
International Stock Portfolio
Limited-Term Bond Portfolio
Mid-Cap Growth Portfolio
New America Growth Portfolio
Personal Strategy Balanced Portfolio
Prime Reserve Portfolio
* Closed to new investors.
+ Investments in the funds are not insured or guaranteed by the FDIC or any
other government agency. Although the funds seek to preserve the value of
your investment at $1.00 per share, it is possible to lose money by
investing in the funds.
Please call for a prospectus. Read it carefully before investing.
The T. Rowe Price No-Load Variable Annuity [#V6021] is issued by Security
Benefit Life Insurance Company. In New York, it [#FSB201(11-96)] is issued by
First Security Benefit Life Insurance Company of New York, White Plains, NY. T.
Rowe Price refers to the underlying portfolios' investment managers and the
distributors, T. Rowe Price Investment Services, Inc.; T. Rowe Price Insurance
Agency, Inc.; and T. Rowe Price Insurance Agency of Texas, Inc. The Security
Benefit Group of Companies and the T. Rowe Price companies are not affiliated.
The variable annuity may not be available in all states. The contract has
limitations. Call a representative for costs and complete details of the
coverage.
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For fund and account information or to conduct transactions, 24 hours, 7 days a
week
By touch-tone telephone
Tele*Access 1-800-638-2587
By Account Access on the Internet
www.troweprice.com/access
For assistance with your existing fund account, call:
Shareholder Service Center
1-800-225-5132
To open a brokerage account or obtain information, call:
1-800-638-5660
Internet address:
www.troweprice.com
Plan Account Lines for retirement plan participants:
The appropriate 800 number appears on your retirement account statement.
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.
Walk-In Investor Centers:
For directions, call 1-800-225-5132
or visit our Web site
Baltimore Area
Downtown
101 East Lombard Street
Owings Mills
Three Financial Center
4515 Painters Mill Road
Boston Area
386 Washington Street
Wellesley
Colorado Springs
4410 ArrowsWest Drive
Los Angeles Area
Warner Center
21800 Oxnard Street, Suite 270
Woodland Hills
Tampa
4200 West Cypress Street
10th Floor
Washington, D.C.
900 17th Street N.W.
Farragut Square
[LOGO OF T. ROWE PRICE]
T. Rowe Price Investment Services, Inc., Distributor. F24-050 12/31/99
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