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Previous: NELX INC, 8-K, 2000-08-18 |
Next: CISCO SYSTEMS INC, 424B3, 2000-08-18 |
<PAGE>
Semiannual Report - Financial Statements
T. ROWE PRICE
EXTENDED EQUITY
MARKET INDEX
FUND
JUNE 30, 2000
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Unaudited
--------------------
FINANCIAL HIGHLIGHTS For a share outstanding throughout each period
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
6 Months Year 1/30/98
Ended Ended Through
6/30/00 12/31/99 12/31/98
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C>
NET ASSET VALUE
Beginning of period $ 14.05 $ 11.02 $ 10.00
Investment activities
Net investment income (loss) 0.05 0.10 0.08
Net realized and unrealized gain (loss) (0.03) 3.56 1.13
Total from investment activities 0.02 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 $ 14.07 $ 14.05 $ 11.02
----------------------------------------
Ratios/Supplemental Data
Total return/./ 0.14% 33.72% 12.29%
Ratio of total expenses to average net assets 0.40%+ 0.40% 0.40%+
Ratio of net investment income (loss)
to average net assets 0.80%+ 1.04% 1.15%+
Portfolio turnover rate 20.4%+ 23.4% 26.3%+
Net assets, end of period (in thousands) $ 98,331 $ 54,219 $ 20,743
</TABLE>
/./ 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, 2000
-----------------------
STATEMENT OF NET ASSETS Shares/Par Value
--------------------------------------------------------------------------------
In thousands
COMMON STOCKS 94.1%
BASIC MATERIALS 2.2%
Chemicals 1.2%
Cabot 1,900 $ 52
Lyondell Chemical 3,000 50
Sybron International * 2,400 48
Solutia 3,100 43
IMC Global 3,000 39
CK Witco 3,124 38
Carlisle Companies 800 36
Valspar 1,000 34
Valhi 3,000 31
Millennium Chemicals 1,800 31
RPM 3,000 30
Lubrizol 1,400 29
Scotts (Class A) * 800 29
OM Group 600 26
Albemarle 1,300 26
Cytec Industries * 1,000 25
ATMI * 500 23
Georgia Gulf 1,100 23
Bush Boake Allen * 500 22
H.B. Fuller 460 21
Arch Chemicals 950 21
Dexter 400 19
Tredegar 1,000 19
Aptargroup 700 19
Summa Industries * 1,600 19
Minerals Technologies 400 18
NL Industries 1,100 17
Olin 1,000 17
Brady 500 16
SPARTECH 600 16
AMCOL International 900 15
Ferro 700 15
MacDermid 600 14
3
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Sybron Chemical * 600 $ 13
Triple S Plastics * 500 12
A. Schulman 1,000 12
Uniroyal Technology * 1,000 11
International Specialty Products * 1,900 11
Tuscarora 700 11
SurModics * 400 11
AEP Industries * 400 10
Calgon Carbon 1,300 10
Ivex Packaging * 900 10
OMNOVA Solutions 1,600 10
Valley National Gases * 2,000 10
Finishmaster * 1,600 10
Stepan 400 9
Geon 500 9
Ionics * 300 9
North American Scientific * 500 9
Catalytica * 800 9
Channell Commercial * 700 8
Chemfab * 700 8
M.A. Hanna 900 8
Airgas * 1,400 8
Associated Materials 500 8
Mississippi Chemical 1,100 5
Home Products International * 1,300 5
Terra Nitrogen Com L.P. * 1,000 4
ICO * 1,900 3
------------
1,124
------------
Forest and Paper Products 0.5%
Smurfit-Stone Container * 5,600 72
Bowater 1,300 57
Sonoco Products 2,760 57
Consolidated Papers 1,100 40
United Stationers * 900 29
Packaging Corp. of America 2,500 25
Rayonier 600 22
Pope & Talbot 1,200 19
Greif Bros 600 19
4
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Wausau-Mosinee Paper 1,800 $ 15
Trex * 300 15
Workflow Management * 1,192 14
Buckeye Technologies * 600 13
P.H. Glaltfelter 1,200 12
Longview Fibre 1,000 11
Baltek * 1,400 10
Tufco Technologies * 900 9
Chesapeake 300 9
U.S. Timberlands 900 9
Rock-Tenn 1,000 9
FiberMark * 600 8
Albany International (Class A) 510 7
Universal Forest Products 500 7
Gaylord Container (Class A) 2,300 6
EarthShell * 1,800 6
Badger Paper Mills * 1,200 5
------------
505
------------
Gold 0.0%
Meridian Gold Inc * 2,900 18
Battle Mountain Gold * 3,000 6
Royal Gold * 2,000 6
Altair International * 1,700 5
------------
35
------------
Metals and Mining 0.5%
NS Group * 2,200 46
Mdu Resources Group 1,400 30
AK Steel 3,544 28
Mueller Inds * 1,000 28
Stillwater Mining * 900 25
CONSOL Energy 1,600 24
American Material Can Group 1,400 24
Harsco 900 23
Lone Star Technologies * 410 19
Texas Industries 600 17
Carpenter Technology 800 17
Cleveland-Cliffs 600 16
Maverick Tube * 500 15
5
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Steel Dynamics * 1,500 $ 14
Tremont 600 14
Reliance Steel & Aluminum 700 13
Century Aluminum 1,100 12
Valmont Industries 600 12
Gibraltar Steel 800 11
Centex Construction Products 500 11
Carbo Ceramics 300 11
Donnelly 800 10
Ryerson Tull 900 9
Wolverine Tube * 500 9
Titanium Metals 1,800 9
USEC 1,800 8
Commercial Metals 300 8
Northwest Pipe * 700 8
Steel Technologies 1,000 7
Arch Coal 900 7
Kaiser Aluminum * 1,600 6
Silgan Holdings * 600 6
Rock of Ages * 1,200 6
MAXXAM * 300 5
Metals USA 1,000 5
Huntco * 900 2
------------
515
------------
Total Basic Materials 2,179
------------
BUSINESS SERVICES 3.8%
Advertising 0.5%
TMP Worldwide * 2,000 148
Lamar Advertising * 1,700 74
Valassis Communications * 1,500 57
Catalina Marketing * 500 51
True North Communications 1,100 48
Harte-Hanks 1,700 43
Getty Images * 1,000 37
ADVO * 500 21
NetCreations * 400 18
6
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Grey Advertising 30 $ 15
InfoUSA * 2,000 13
------------
525
------------
Business Services 1.6%
Marchfirst * 3,654 67
NOVA * 1,900 53
SEI 1,300 52
Diamond Technology Partners * 550 48
Wireless Facilities * 900 46
Lexicon Genetics * 1,300 45
Forrester Research * 600 44
West TeleServices * 1,700 43
SBA Communcations * 800 42
Symyx Technologies * 950 41
TeleTech Holdings * 1,300 40
Exelixis 1,100 36
iBEAM Broadcasting * 2,000 36
Medical Manager * 987 34
A.C. Nielson * 1,500 33
Management Network Group * 900 31
Sotheby's (Class A) 1,800 31
Snyder Communications * 1,300 31
CuraGen * 800 30
Peekskill Financial 1,300 28
Corporate Executive Board * 400 24
Prepaid Legal Services * 800 24
Wit Soundview Group * 2,200 24
Nanogen * 550 23
Ctc Communications Group * 650 23
Tetra Tech * 1,000 23
Orchid BioSciences * 600 23
Veritas DGC * 800 21
The Profit Recovery Group International * 1,250 21
National Data 900 21
Startek * 400 20
Gartner Group * 2,000 20
Metricom * 700 19
Navigant * 1,969 19
7
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
APAC TeleServices * 1,700 $ 19
Cyber-Care * 1,800 18
F. Y. I. * 500 17
Teledyne Technologies * 1,000 17
eLoyalty * 1,300 16
Jupiter Communications * 700 16
Value Line 400 15
LivePerson * 1,700 15
Bell & Howell * 600 15
Zixit * 300 14
MemberWorks * 400 13
Fair, Issac 300 13
I3 Mobile * 700 13
Pharmaceutical Product Dev. * 600 13
ShopNow.com * 2,000 12
R.H. Donnelley * 600 12
Netcentives * 600 11
Braun Consulting * 500 11
ProBusiness Services * 400 10
SPECTRX * 1,000 10
Sylvan Learning Systems * 734 10
Microvision * 200 10
SITEL * 1,900 9
Ventiv Health * 833 9
Opinion Research * 1,400 9
MPW Industrial Services Group * 1,200 9
Maximus * 400 9
US Oncology * 1,758 9
Syntel * 800 8
HA-LO Industries * 1,300 7
Xceed * 800 7
Information Resources * 1,600 6
Modem Media . Poppe Tyson * 500 6
Greg Manning Auctions * 500 6
Giga Information Group * 1,000 6
Racotek * 1,000 5
Navigant Consulting * 1,000 4
8
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Hagler Bailly * 800 $ 4
Abington Bancorp 400 4
TeleSpectrum Worldwide * 800 4
Staff Leasing * 1,000 4
Cheap Tickets * 300 4
Nextera Enterprises * 700 3
Youthstream Media Networks * 500 3
Century Business Services * 1,400 3
Official Payments * 600 3
eGlobe * 800 2
Lason * 800 2
Gerald Stevens * 1,300 2
------------
1,563
------------
Environmental Services 0.2%
Republic Services (Class A) * 4,700 75
Energy Research * 300 21
Ecology and Environment (Class A) 1,900 12
Stericycle * 500 12
Casella Waste Systems (Class A) * 600 6
Ogden 700 6
Metropolitan Pro 500 5
United States Plastic Lumber * 900 4
U. S. Liquids * 600 3
Metal Management * 600 1
------------
145
------------
Industrial Services 1.5%
Cintas 3,750 137
Robert Half International * 4,400 125
ServiceMaster 6,750 77
Autonation * 9,200 65
Hanover Compressor * 1,600 61
Viad 2,200 60
Apollo Group (Class A) * 1,800 50
Manpower 1,500 48
Devry * 1,800 48
GATX 1,200 41
Heidrick & Struggles International * 600 38
United Rentals * 2,000 34
9
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Korn/Ferry * 1,000 $ 32
Learning Tree International * 500 31
Hertz 1,000 28
Interim Services * 1,500 27
Reckson Services International * 1,200 26
Administaff * 400 25
Central Parking 1,000 24
Apria Healthcare * 1,900 23
Edison Schools * 1,000 23
Kelly Services 1,000 23
Modis Professional Services * 2,600 23
XTRA * 500 20
Digimarc * 500 19
Dollar Thrifty Auto Group * 1,000 18
ProsoftTraining.com * 900 15
G&K Services 600 15
Rollins 1,000 15
Rent Way * 500 15
Career Education * 300 15
Pittston Services 949 13
On Assignment * 400 12
AMERCO * 600 12
ABM Industries 500 12
Avis Rent A Car * 600 11
Renters Choice * 500 11
Rollins Truck Leasing 1,600 11
Education Management * 600 11
Interpool 1,100 11
ITT Educational Services * 600 11
Superior Surgical Mfg 1,200 10
kforce.com * 1,500 10
Volt Information Sciences * 300 10
Strayer Education 400 10
Labor Ready * 1,400 9
Wackenhut * 700 9
C.H. Heist * 1,700 9
Borg Wagner Security * 700 9
10
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Regis Minnesota 700 $ 9
Bright Horizons Family Solutions * 400 9
Chemed 300 8
CDI * 400 8
MIDAS 400 8
NationsRent * 1,700 6
Wackenhut Corrections * 800 6
StaffMark * 800 5
Aaron Rents (Class B) 400 5
Budget Group (Class A) * 1,100 5
Gentiva Health Services * 550 4
Kroll-O'Gara * 600 4
UniFirst 500 4
Personnel Group of America * 1,100 3
CareerBuilder * 700 2
PROVANT * 400 2
Renaissance Worldwide * 1,200 2
------------
1,482
------------
Total Business Services 3,715
------------
CONSUMER DISCRETIONARY 7.4%
Entertainment 0.5%
Metro Goldwyn Mayer * 4,400 115
Royal Caribbean Cruises 4,610 85
SFX Entertainment (Class A) * 1,100 50
Premier Parks * 2,100 48
Pixar * 1,100 39
Cedar Fair L.P. 1,500 29
Handleman * 1,800 23
Blockbuster 1,400 14
Trimark Holdings * 1,400 11
American Classic Voyages * 500 10
On Command * 600 8
Todd-AO * 120 8
Vdi Media * 1,000 7
Image Entertainment * 1,800 7
J2 Communications * 400 3
------------
457
------------
11
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Hotels 0.6%
Starwood Hotels & Resorts Worldwide, REIT 4,600 $ 150
MGM Grand 3,696 119
Park Place Entertainment * 6,500 79
Mandalay Resort Group * 2,500 50
Aztar * 2,500 39
Extended Stay America * 2,800 26
Boca Resorts * 1,700 17
Prime Hospitality * 1,600 15
Anchor Gaming * 300 14
NS&L Bancorp 1,200 13
Crestline Capital * 600 10
Choice Hotels International * 900 9
Marcus 700 9
Westcoast Hospitality * 900 6
Lodgian * 1,000 3
Interstate Hotels * 67 0
------------
559
------------
Leisure 0.6%
International Speedway (Class A) 1,400 58
International Game Technology 1,700 45
Concord Camera * 2,000 42
Blyth Industries 1,300 38
Harman International 500 31
Yankee Candle * 1,400 30
Speedway Motorsports * 1,200 28
Station Casinos * 1,100 28
Hollywood Park * 1,400 27
Polaris Industries 700 22
Callaway Golf 1,300 21
GTECH * 900 21
WMS Industries * 1,200 19
Oakley * 1,500 17
Casino America * 1,200 16
Fossil * 850 16
Panavision * 1,700 14
Quokka Sports * 1,700 14
Steinway Musical Instruments * 800 13
12
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Bally Total Fitness Holdings * 500 $ 13
Arctic Cat 900 11
Dover Downs Entertainment 700 10
Vail Resorts * 600 10
Penn National Gaming * 700 10
Lazare Kaplan International * 1,100 9
Oneida 500 9
Koala * 600 8
JAKKS Pacific * 500 7
Equity Marketing * 600 6
OroAmerica * 900 6
Play By Play Toys & Novelties * 2,400 4
Photoworks * 1,100 3
Tickets.com * 700 2
------------
608
------------
Media 4.6%
Cox Communications (Class A) * 13,445 613
General Motors (Class H) * 5,359 470
Infinity Broadcasting (Class A) * 9,025 329
AMFM * 4,400 304
Univision Communications * 2,400 248
Cablevision Systems (Class A) * 2,860 194
EchoStar Communications (Class A) * 5,200 172
USA Networks * 6,340 137
United Video Satellite * 3,700 127
Adelphia Communications * 2,633 123
Fox Entertainment Group (Class A) * 3,900 118
Washington Post (Class B) 230 110
Westwood One * 2,700 92
Hispanic Broadcasting * 2,700 89
United International Holdings * 1,900 89
Scripps 1,800 89
BHC Communications (Class A) 450 68
Chris-Craft 942 62
Charter Communications (Class A) * 3,700 61
Loral Space & Communications * 8,200 57
RCN * 2,070 52
A. H. Belo (Class A) 3,000 52
13
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Adaptive Broadband * 1,400 $ 51
Emmis Broadcasting (Class A) * 1,000 41
Sirius Satellite Radio * 900 40
Liberty Digital * 1,300 40
Pegasus Communications * 800 39
TiVo * 1,100 39
Price Communications 1,534 36
Citadel Communications * 1,000 35
Media General 700 34
XM Satellite Radio Holdings * 900 34
Hearst-Argyle Television * 1,591 31
Entercom Communications * 600 29
Mediacom Communications * 1,900 29
United Television 200 26
Cox Radio (Class A) * 900 25
Liberty 600 25
Insight Communications * 1,600 25
Spanish Broadcasting * 1,200 25
Motient * 1,400 22
PanAmSat * 500 22
Crown Media Holdings * 1,300 19
Lee Enterprises 800 19
Nucentrix Broadband Networks * 600 15
TCI Satellite Entertainment * 1,700 15
Radio One * 500 15
Acme Communications * 800 15
Regent Communications * 1,700 15
Paxson Communications * 1,700 14
Gaylord Entertainment * 600 13
Data Broadcasting * 1,900 12
Ackerley Communications 1,000 12
Saga Communications (Class A) * 500 11
Granite Broadcasting * 1,500 11
Young Broadcasting (Class A) * 400 10
Sinclair Broadcast Group (Class A) * 900 10
CTN Media Group * 1,500 8
Metromedia International * 1,500 7
14
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Playboy Enterprises (Class B) * 500 $ 6
Cumulus Media * 500 5
Salem Communications * 400 4
AT&T Liberty Media Group * 150 4
Radio Unica Communications * 500 3
Wegener * 1,200 2
-------
4,549
-------
Publishing 0.7%
Reader's Digest (Class A) 2,400 95
PRIMEDIA * 3,700 84
Central Newspapers (Class A) 700 44
McClatchy (Class A) 1,200 40
Reynolds & Reynolds 2,100 38
Hollinger International (Class A) 2,700 37
Wiley John & Son 1,600 36
Scholastic * 500 30
Houghton Mifflin 600 28
Penton Media 600 21
Journal Register * 1,000 18
Ziff-Davis * 2,000 18
Standard Register 1,200 17
Information Holdings * 400 15
Paxar * 1,100 13
Bowne 1,300 13
Pulitzer 300 13
Topps * 1,100 13
John H. Harland 800 12
Wallace Computer Services 1,200 12
Daily Journal * 400 12
Banta 600 11
Plato Learning * 800 11
Cadmus Communications 1,000 10
Mail-Well * 1,100 9
New England Business Service 400 6
Franklin Covey * 800 6
Impreso.com * 1,300 5
Consolidated Graphics * 500 5
Imagex.com * 500 3
15
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Women.com Networks * 1,400 $ 3
-------
678
-------
Restaurants 0.4%
Outback Steakhouse * 2,000 59
Brinker * 1,800 53
Jack In The Box * 1,100 27
Applebee's 800 24
CEC Entertainment * 800 21
Ruby Tuesday 1,600 20
Morrison Management Specialists 640 18
Bob Evans Farms 1,200 18
Buffets * 1,400 18
Papa John's * 700 17
The Cheesecake Factory * 600 16
Cracker Barrel 1,100 16
Ihop * 900 15
P.F. Chang's China Bistro * 400 13
Sonic * 400 12
Lone Star Steakhouse & Saloon 1,100 11
Consolidated Products 1,100 10
Buca * 600 9
Ryan's Family Steak Houses * 1,100 9
O' Charley's * 600 8
Cooker Restaurant 2,100 6
Ark Restaurants * 800 6
CKE Restaurants 1,650 5
Schlotzsky's * 700 4
-------
415
-------
Total Consumer Discretionary 7,266
-------
CONSUMER NONDURABLES 2.1%
Beverages 0.0%
TRIARC COMPANIES * 900 19
Pure World * 1,140 3
22
Food 1.1%
Pepsi Bottling Group 3,200 93
16
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Keebler Foods 2,200 $ 82
Nabisco Holdings (Class A) 1,300 68
Hormel Foods 3,500 59
McCormick 1,700 55
Whitman 3,800 47
International Home Foods * 2,100 44
Flowers Industries 2,200 44
IBP 2,800 43
Tyson Foods (Class A) 4,900 43
Smithfield Foods * 1,300 37
Tootsie Roll Industries 915 32
Dean Foods 1,000 32
Suiza Foods * 600 29
Universal Foods 1,400 26
Dole Food 1,500 25
Interstate Bakeries 1,600 22
Hain Celestial Group * 600 22
Earthgrains 1,100 21
Green Mountain Coffee * 1,200 21
Delta Pine & Land 800 20
Corn Products International 700 19
Fleming Companies 1,300 17
Dreyer's Grand Ice Cream 800 17
Riviana Foods 800 14
Fresh Del Monte Produce * 1,900 13
Performance Food Group * 400 13
American Italian Pasta * 600 12
Bridgford Foods 1,000 12
Smucker J M 600 12
Andersons 1,100 10
International Multifoods 600 10
Farmer Brothers 60 10
Michael Foods 400 10
Alico 600 10
National Beverage * 1,100 9
Coca-Cola Bottling 200 9
Agribrands International * 200 8
Del Monte Foods 1,200 8
17
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Ralcorp Holdings * 600 $ 7
J&J Snack Foods * 400 7
Cadiz * 900 7
Wlr Foods * 1,500 7
United Natural Foods * 500 7
Aurora Foods * 1,200 5
Northland Cranberries 1,100 4
Cagles Foods JV 400 3
Lancer * 600 3
-------
1,128
-------
Home Products 0.4%
Estee Lauder 2,700 134
Energizer * 2,700 49
Dial Corp 2,400 25
Block Drug (Class A) 509 22
Church & Dwight 1,100 20
Lancaster Colony 1,000 19
Carter Wallace 900 18
Guest Supply * 900 16
Zomax * 1,200 16
Libbey 400 13
Playtex Products * 1,000 11
Inter Parfums * 1,200 10
Hunt 1,000 10
French Fragrances * 1,100 9
Revlon (Class A) * 1,300 8
Jason * 700 7
-------
387
-------
Liquor 0.1%
Canandaigua Brands (Class A) * 500 25
Beringer Wine Estates * 300 11
Todhunter * 1,200 10
Robert Mondavi (Class A) * 300 9
-------
55
-------
Textiles and Apparel 0.4%
Jones Apparel Group * 2,850 67
Timberland 500 35
Unifi * 1,800 22
18
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Columbia Sportswear * 800 $ 21
Wellman 1,300 21
Polo Ralph Lauren * 1,300 19
Kenneth Cole Productions (Class A) * 450 18
WestPoint Stevens 1,600 18
Kellwood 800 17
Guess? * 1,200 17
Nautica Enterprises * 1,300 14
Justin Inds 600 13
Maxwell Shoe * 1,100 11
Weyco Group 400 10
Cherokee Delaware New 1,100 10
Phillips-Van Heusen 1,000 9
QuickSilver * 600 9
Stride Rite 1,500 9
Wolverine World Wide 900 9
Polymer Group 900 8
Brown Group 600 8
Haggar 700 8
Warnaco Group (Class A) 900 7
Garan 300 7
bebe stores * 700 6
Culp 1,100 6
Hartmarx * 2,000 5
Quaker Fabric * 1,000 5
Global Sports * 400 3
-------
412
-------
Tobacco 0.1%
R.J. Reynolds Tobacco 2,600 72
Universal 700 15
Brooke Group 630 9
Standard Commercial 600 3
99
-------
Total Consumer Nondurables 2,103
-------
19
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
DURABLE GOODS 4.9%
Construction & Real Property 1.0%
Quanta Services * 1,200 $ 66
Southdown 1,000 58
Johns Manville 3,600 47
Martin Marietta Materials 1,100 45
Georgia-Pacific (Timber Group) 2,000 43
Catellus Development * 2,700 41
Mastec * 1,050 40
Lafarge 1,900 40
USG 1,100 33
Clayton Homes 4,050 32
Lennar 1,484 30
Newhall Land & Farming 900 24
Forest City Enterprises 700 23
D.R. Horton 1,700 23
Toll Brothers * 1,100 23
Elcor 900 21
Jacobs Engineering Group * 600 20
Granite Construction 750 18
Syntroleum * 1,000 17
Nvr * 300 17
Morrison Knudsen * 2,300 17
Insituform Technologies (Class A) * 600 16
Fleetwood 1,100 16
Horizon Offshore * 1,000 15
Trammell Crow * 1,400 15
Florida Rock Industries 400 14
NCI Building Systems * 700 14
Coors Tek * 300 14
Dal-Tile International * 1,600 13
MDC Holdings 700 13
Walter Industries 1,000 11
Fairfield Communities * 1,400 11
SLI 900 11
Carey Diversified 600 10
LNR Property 500 10
20
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Standard Pacific 900 $ 9
Ryland Group 400 9
Skyline, REIT 400 9
Palm Harbor Homes * 600 9
Kaiser Ventures * 600 8
Aaron Rents (Class A) 500 8
American Locker Group * 1,200 8
Newmark Homes * 1,200 7
Beazer Homes * 400 7
Butler Manufacturing 400 7
Trendwest Resorts * 400 6
Miller Building Systems * 800 6
Encompass Services * 1,000 6
Comfort Systems USA * 1,100 4
Perini * 1,000 4
Zaring National * 1,000 3
Oakwood Homes 1,200 2
-------
973
-------
Consumer Durables 0.4%
Herman Miller 2,100 54
Shaw Industries 3,700 46
HON Industries 1,600 38
Applied Power (Class A) 1,025 34
Mohawk Industries * 1,400 31
U.S. Industries 2,500 30
La-Z Boy 1,700 24
Pier 1 Imports 2,300 22
Furniture Brands International * 1,200 18
Ethan Allen Interiors 700 17
Bush Industries (Class A) 900 14
Steelcase 800 14
Mikasa 800 9
Sunbeam * 2,200 8
SRS Labs * 800 8
Salton * 200 7
Flexsteel Inds 500 6
Applica * 500 6
Digital Video Systems * 600 4
21
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
American Technology * 800 $ 4
-------
394
-------
Equity 3.1%
Equity Office Properties, REIT 6,777 187
Equity Residential Properties Trust, REIT 2,931 135
Simon Property Group, REIT 4,000 89
ProLogis Trust, REIT 3,760 80
Archstone Communities Trust, REIT 3,500 74
Duke-Weeks Realty, REIT 3,290 74
Vornado Realty Trust, REIT 2,000 69
Apartment Investment & Management, REIT 1,600 69
Spieker Properties, REIT 1,500 69
Avalonbay Communities, REIT 1,584 66
Boston Properties, REIT 1,700 66
Public Storage, REIT 2,800 66
Kimco Realty, REIT 1,500 61
Crescent Real Estate Equities, REIT 2,900 59
Pinnacle Holdings * 1,100 59
Rouse 2,000 49
Host Marriott 5,274 49
Liberty Property Trust, REIT 1,800 47
AMB Property 2,000 46
Post Properties, REIT 1,000 44
Mack-Cali Realty, REIT 1,700 44
CarrAmerica Realty, REIT 1,600 42
Highwoods Properties, REIT 1,700 41
Istar Financial 1,873 39
General Growth Properties, REIT 1,200 38
Arden Realty, REIT 1,600 38
Health Care Property Investors 1,300 35
Cousins Properties, REIT 900 35
United Dominion Realty Trust, REIT 3,000 33
Franchise Finance 1,400 32
Reckson Associates Realty, REIT 1,300 31
Regency Realty, REIT 1,300 31
Excel Reality Trust 2,300 30
Felcor Suite Hotels, REIT 1,600 30
First Industrial Realty 1,000 29
22
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
IndyMac Mortgage Holdings, REIT 2,100 $ 28
Westfield America 2,000 27
Camden Property Trust, REIT 900 26
BRE Properties 900 26
Health & Retirement Properties, REIT 4,100 25
Hospitality Properties Trust, REIT 1,100 25
Centerpoint Properties Trust 600 24
Weingarten Realty Investors, REIT 500 20
Sun Communities, REIT 600 20
Federal Realty Investment Trust, REIT 1,000 20
Developers Diversified Realty, REIT 1,300 19
Prentiss Properties Trust 800 19
Brandywine Reality Trust 1,000 19
Mills 1,000 19
Koger Equity, REIT 1,100 19
Shurgard Storage Centers 800 18
Storage USA, REIT 600 18
Macerich, REIT 800 18
Glenborough Realty Trust, REIT 1,000 17
Healthcare Reality Trust 1,000 17
Chateau Communities, REIT 600 17
Essex Property Trust 400 17
Nationwide Health Properties, REIT 1,200 17
Bedford Property Investors 900 17
Sl Green Reality 600 16
Cabot Industrial 800 16
Kilroy Realty, REIT 600 16
Gables Residential Trust, REIT 600 15
Smith Charles Residential Realty 400 15
Cornerstone Reality Income Trust 1,500 15
CBL & Associates Properties, REIT 600 15
Alexanders * 200 15
PS Business Parks 600 14
Capital Automotive Reit 1,000 14
Chelsea GCA, REIT 400 14
Colonial Properties Trust, REIT 500 14
Urban Shopping Centers 400 13
23
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Lexington Corporate Properties 1,200 $ 13
Taubman Centers, REIT 1,200 13
Bradley Real Estate 600 13
EastGroup Properties, REIT 600 13
Summit Properties 600 13
Pacific Gulf Properties, REIT 500 13
Washington, REIT 700 13
Parkway Properties, REIT 400 12
Home Properties 400 12
Manufactured Home Communities, REIT 500 12
Amli Residential Properties Trust 500 12
Realty Income 500 12
Jdn Realty 1,100 11
Innkeepers USA, REIT 1,200 11
JP Realty, REIT 600 11
RFS Hotel Investors 900 11
Alexandria Real Estate 300 10
Great Lakes, REIT 600 10
Pan Pacific Retail Properties 500 10
Malan Reality Investors 700 10
Entertainment Properties, REIT 700 10
Mid America Apartment Communities 400 10
Commercial Net Lease Reality 900 9
Tanger Factory Outlet Centers 400 9
IRT Property 1,100 9
Commercial Assets 1,700 9
Senior Housing Properties 1,160 8
Kranzco Realty Trust 900 8
Health Care REIT 500 8
Equity Inns 1,300 8
Urstadt Biddle Properties 1,100 7
LaSalle Hotel Properties 500 7
Crown American Realty 1,300 7
Pittsburgh & West Virginia Railroad 1,000 7
Monmouth Real Estate Investment 1,000 5
Wyndham International (Class A) * 2,039 5
CCA Prison Realty Trust 1,587 5
24
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
G&L Realty 256 $ 2
-------
3,038
-------
Motor Vehicles and Parts 0.4%
Gentex * 1,900 48
Lear * 1,500 30
Borg-Warner 800 28
Copart * 1,500 24
Federal-Mogul 2,100 20
American Axle + Manufacturing Holdings * 1,400 20
Modine Manufacturing 700 19
IMPCO Technologies * 400 17
Meritor Automotive 1,500 16
Tower Automotive * 1,100 14
Monaco Coach * 1,000 14
Superior Industries International 500 13
Thor Inds 600 13
Arvin Industries 700 12
Oshkosh Truck 300 11
Strattec Security * 300 10
MascoTech 900 10
Collins & Aikman * 1,800 9
Hayes Lemmerz International * 700 8
Wabash National 700 8
Coachmen Industries 700 8
Keystone Automotive * 1,000 7
Aftermarket Technology * 700 6
Dura Automotive Systems * 500 5
Winnebago 400 5
SMC * 1,200 4
Fidelity Holdings * 400 1
380
-------
Total Durable Goods 4,785
-------
ENERGY 3.3%
Energy Reserves & Production 1.3%
Vastar Resources 2,300 189
Devon Energy 2,158 121
25
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
EOG Resources 3,000 $ 101
Murphy Oil 1,180 70
Grant Pride * 2,690 67
Ocean Energy * 4,200 60
Noble Affiliates 1,300 48
Vintage Petroleum 1,800 41
Mitchell Energy & Development (Class A) 1,100 35
Louis Dreyfuss Natural Gas * 1,100 34
Newfield Exploration * 800 31
Pioneer Natural Resources * 2,400 31
Stone Energy * 500 30
Cross Timbers Oil 1,300 29
Houston Exploration * 1,100 28
BP Prudhoe Bay Royalty Trust 2,300 28
Barrett Resources * 900 27
Pogo Producing 1,100 24
St. Mary Land Exploration 500 21
Swift Energy * 700 20
Forest Oil * 1,200 19
Unit * 1,400 19
Spinnaker Exploration * 700 18
Chesapeake Energy * 2,100 16
Tom Brown * 700 16
HS Resources * 500 15
Evergreen Resources * 500 15
Nuevo Energy * 700 13
Denbury Resources * 2,400 13
Berry Petroleum 700 12
Howell 1,200 11
Bellwether Exploration * 1,300 11
Cabot Oil & Gas 500 11
Meridian Resource * 1,700 10
Cross Timbers Royalty Trust 600 8
McMoRan Exploration * 500 8
Penn Virginia 300 7
Southwestern Energy 1,000 6
Brigham Exploration * 900 2
-------
1,265
-------
26
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Oil Refining 0.3%
Ultramar Diamond Shamrock 1,600 $ 40
Valero Energy 1,200 38
Enterprise Products Partners 1,300 29
Western Gas Resources 1,300 27
Teppco Partners * 1,000 24
Pennzoil-Quaker State 1,900 23
Buckeye Partners 800 21
Northwestern Public Service 800 18
Adams Resources & Energy 1,100 15
Castle Energy 1,400 9
Holly 700 8
Kaneb Services * 1,900 8
World Fuel Services 700 6
Giant Industries * 600 5
-------
271
-------
Oil Service 1.7%
Nabors Industries * 3,400 141
Noble Drilling * 3,000 124
Diamond Offshore Drilling 3,400 119
BJ Services * 1,900 119
Global Marine * 4,200 118
ENSCO International 3,200 115
R&B Falcon * 4,740 112
Weatherford International * 2,590 103
Smith International * 1,200 87
Santa Fe International 2,500 87
Cooper Cameron * 1,300 86
Varco International * 2,711 63
National Oilwell * 1,700 56
Tidewater 1,400 50
Helmerich & Payne 1,300 49
Global Industries * 2,000 38
Pride International * 1,500 37
Cal Dive International * 500 27
Patterson Energy * 900 26
Newpark Resources * 2,300 22
Key Energy * 2,100 20
27
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Superior Energy * 1,900 $ 20
UTI Energy * 400 16
Grey Wolf * 3,000 15
Atwood Oceanics * 300 13
Friede Goldman Halter * 1,300 12
Offshore Logistics * 800 12
Oceaneering International * 500 9
Parker Drilling * 1,500 9
Dawson Geophysical * 800 9
Seitel * 1,100 9
-------
1,723
-------
Total Energy 3,259
-------
FINANCIAL 10.7%
Bank and Trust 2.9%
Marshall & Ilsley 2,500 104
Zions Bancorp 2,200 101
M&T Bank 180 81
UnionBancal 3,900 72
Silicon Valley Bancshares * 1,400 60
First Security 4,389 60
Popular 3,100 59
Peoples Heritage Financial * 3,695 56
North Fork Bancorporation 3,550 54
Hudson City Bancorp 3,200 53
First Tennessee National 3,200 53
FirstMerit 2,300 49
Commerce Bancshares 1,566 47
Compass Bancshares 2,650 45
First Virginia Banks 1,300 45
Mercantile Bankshares 1,500 45
Hibernia (Class A) 4,100 45
TCF Financial 1,700 44
Cullen/Frost Bankers 1,600 42
Associated Banc-Corp 1,912 42
Banco Santander Puerto Rico 3,050 41
National Commerce Bancorporation 2,400 39
Wilmington Trust 900 38
28
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
City National 1,100 $ 38
Centura Banks 1,125 38
CCB Financial 1,000 37
Valley National Bancorp 1,483 36
Trustmark 1,900 33
Old National Bancorp 1,119 33
Hudson United Bancorp 1,415 32
Pacific Century Financial 2,100 31
BancWest 1,800 30
Fulton Financial 1,643 29
Provident Financial Group 1,200 29
WestAmerica 1,000 26
Colonial BancGroup 2,700 26
Greater Bay Bancorp 553 26
Sky Financial 1,603 26
Commerce Bancorp 525 24
Investors Financial Services 600 24
Commercial Federal 1,500 23
Independence Community Bank 1,700 23
National Bancorp of Alaska 600 21
Keystone Financial 1,000 21
Whitney Holding 600 20
United Bankshares 1,100 20
BOK Financial 1,118 20
First Midwest Bancorp 845 20
Chittenden 800 20
Citizens Banking 1,200 19
First Commonwealth Financial 2,100 19
One Valley Bancorp 600 19
Park National 205 19
First Citizens Bancshares 300 18
Community First Bankshares 1,000 16
Trustco Bank 1,320 16
Merchants Bancshares 800 16
Wintrust Financial 1,000 15
Texas Regional Bancshares 600 15
Pacific Capital Bancorp 600 15
29
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Frontier Financial 800 $ 15
National Penn Bancshares 700 14
UMB Financial 430 14
Midwest Banc Holdings 1,000 14
Cathay Bancorp 300 14
National City Bancshare 800 14
Susquehanna Bancshares 950 13
Imperial Bancorp 848 13
Century South Bank 700 13
Niagara Bancorp 1,400 13
PFF Bancorp 700 13
Southwest Bancorp * 600 12
Republic Bancorp 1,400 12
Arrow Financial 800 12
Alabama National Bancorp 600 12
Riggs 900 11
S & T Bancorp 600 11
Mid-State Bancshares 400 11
United National Bancorp 600 11
First Financial Bankshares 400 11
Chemical Financial 420 11
F&M National 515 11
Suffolk Bancorp 400 11
CORUS Bankshares 400 11
Summit Bancshares 600 10
InterCept Group * 600 10
Omega Financial 400 10
Mid America Bancorp 400 10
East West Bancorp 700 10
SGV Bancorp * 400 10
Hancock Holding 300 10
CB Bancshrs 400 10
BostonFed Bancorp 700 10
First South Bancorp 500 10
WesBanco 400 10
First Place Financial 900 10
State Bancorp 756 10
30
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Ambanc Holding 600 $ 9
Trust Company of New Jersey 500 9
Farmers Capital Bank 300 9
AMCORE 500 9
Brookline Bancorp 800 9
Area Bancshares 400 9
U.S.B. Holding 630 9
Vista Bancorp 630 9
German American Bancorp 600 9
Irwin Financial 600 9
Timberland Bancorp * 800 9
Merchants New York Bancorp 500 9
First Merchants 400 8
First United 800 8
First Washington Bancorp 600 8
Peoples Holding 400 8
CVB Financial 500 8
First Charter 500 8
BWC Financial * 400 8
Bar Harbor Bankshares 500 8
BankFirst 900 7
CNB Financial 700 7
Mississippi Valley Bancshares 300 7
Republic Bancshares * 600 7
F New Brunswick 700 7
Gold Banc 1,400 7
Medford Bancorp 500 7
Provident Bankshares 525 7
1st Source 400 6
Bay Bancshares 400 6
Net Bank * 500 6
Second Bancorp 400 6
United Community Financial 900 6
First Financial 200 6
Interchange Financial Services 400 5
Delphos Citizens Bancorp 400 5
USBANCORP 1,000 4
-------
2,873
-------
31
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Financial Services 1.1%
Concord EFS * 5,050 $ 131
The CIT Group (Class A) 6,600 107
Comdisco 3,810 85
Express Scripts (Class A) * 1,000 62
Choicepoint * 1,062 47
Erie Indemnity 1,500 47
Arthur J. Gallagher 1,000 42
Metris 1,350 34
White Mountains Insurance Group 200 32
CompuCredit * 1,000 30
Heller Financial 1,400 29
AmeriCredit * 1,600 27
Allied Capital 1,500 26
Security Capital Group (Class B) * 1,500 26
FINOVA Group 1,700 22
Student Loan 500 21
4Kids Entertainment * 700 18
Crawford (Class B) 1,600 18
Hilb, Rogal and Hamilton 500 17
NCO Group * 700 16
Brown and Brown 300 16
First United Bancshares 1,000 15
ADVANTA 1,166 14
Actrade International * 600 12
Clark / Bardes Holdings * 700 12
Doral Financial 1,000 11
National Processing * 900 11
Perry County Financial 700 11
WFS Financial * 600 10
Advance Paradigm * 500 10
Cash America Investments 1,300 10
NextCard * 1,100 9
Somerset Group 400 9
CB Richard Ellis * 900 8
MLC Holdings * 300 8
Medallion Financial 500 8
32
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Insignia-ESG Holdings * 700 $ 7
National Wireless Holdings * 300 7
Ampal-American Israel * 400 6
UICI * 900 6
Harris & Harris Group * 700 6
Matrix Capital * 800 6
E-LOAN * 900 4
Sierracities * 500 2
-------
1,055
-------
Life & Health Insurance 0.4%
MetLife * 4,700 99
Protective Life 1,800 48
Reinsurance Group of America 1,350 41
MONY Group 1,000 34
StanCorp Financial Group 900 29
Liberty Financial 1,100 24
Delphia Financial 704 24
American Annuity Group 1,000 18
Nationwide Financial Services (Class A) 500 16
FBL Financial Group 800 12
AmerUs Life 600 12
Kansas City Life Insurance 400 11
Presidential Life 700 10
InterContinental Life * 1,000 9
Cotton States Life Insurance 500 4
HealthAxis * 400 1
-------
392
-------
Property & Casualty Insurance 3.3%
Berkshire Hathaway (Class A) * 36 1,937
CNA Financial * 3,900 133
AMBAC 1,700 93
Transatlantic Holdings 820 69
Allmerica Financial 1,200 63
Unitrin 1,900 56
Old Republic International 3,250 54
Financial Security Assurance 680 52
PMI Group 1,000 47
Radian Group 900 47
33
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
American National Insurance 800 $ 41
20th Century Industries 2,400 38
Leucadia National 1,600 36
Everest Reinsurance Group Limited 1,100 36
Mercury General 1,500 35
American Financial Group 1,300 32
Wesco Financial 150 31
HSB Group 900 28
Alleghany 163 27
Fidelity National Financial 1,400 26
Commerce Group 800 24
First American Financial 1,600 23
Horace Mann Educators 1,300 20
HCC Insurance Holdings 1,000 19
Markel * 130 18
State Auto Financial 1,500 18
Zenith National 700 15
Ohio Casualty 1,400 15
Alfa 800 14
W.R. Berkley 700 13
Midland 500 12
Trenwick Group 812 12
Harleysville Group 700 12
Selective Insurance 600 11
MEEMIC Holdings * 600 11
RLI 300 10
Enhance Financial Services 700 10
CNA Surety 800 10
BancInsurance * 2,310 9
Penn-America Group 1,200 9
Triad Guaranty * 400 9
Argonaut Group 500 9
NYMAGIC 600 9
Highlands Insurance Group * 900 8
Navigators Group * 900 8
SCPIE Holdings 400 8
Fremont General 2,000 8
34
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Arh Capital Group * 500 $ 7
Danielson * 1,500 7
Donegal Group 1,100 6
Medical Assurance 420 5
Acceptance Insurance * 700 4
Amwest Insurance Group 726 3
PAULA Financial 800 2
Reliance Group Holdings 1,800 1
-------
3,260
-------
Securities & Asset Management 2.1%
Equitable Companies 9,900 337
Alliance Capital 3,800 180
John Hancock Financial Srvcs * 7,600 180
Goldman Sachs Group 1,700 161
Donaldson, Lufkin & Jenrette 3,100 132
ReliaStar Financial 1,800 94
Knight/Trimark Group * 3,100 92
A.G. Edwards 2,200 86
Legg Mason 1,700 85
Federated Investors (Class B) 2,100 74
Waddell & Reed Financial (Class A) 2,050 67
Neuberger Berman 1,200 56
Eaton Vance 1,100 51
TD Waterhouse Group * 2,500 43
Nvest 1,000 38
United Asset Management 1,500 35
Investment Technology Group * 700 30
John Nuveen (Class A) 700 29
Affiliated Managers Group * 600 27
Pioneer Group * 600 25
Raymond James Financial 1,100 25
American Capital Strategies 900 20
LaBranche & Co. * 1,400 20
Dain Rauscher 300 20
eSpeed (Class A) * 400 17
International Bancshares 500 16
Jeffries Group 800 16
Morgan Keegan 1,000 15
35
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Acacia Research * 600 $ 15
National Discount Brokers Group * 400 13
Ocwen Financial * 2,100 12
Southwest Securities 300 11
Jones Lang Lasalle * 800 11
Freedom Securities 500 9
Charles Schwab 242 8
FirstSpartan Financial 400 7
Big Foot Financial 400 5
Peoples Financial 600 3
Track Data * 1,500 2
-------
2,067
-------
Thrift Institutions 0.9%
Greenpoint Financial 2,900 54
Golden Sate Bancorp * 2,900 52
Sovereign Bancorp 6,500 46
Dime Bancorp 2,500 39
Astoria Financial 1,500 39
Bank United * 900 32
People's Bank 1,700 31
Webster Financial 1,356 30
Roslyn Bancorp 1,800 30
Washington Federal 1,480 27
Mid-Coast Bancorp 1,575 25
Downey Financial 800 23
First Financial Bancorp 1,050 21
Staten Island Bancorp 1,100 19
Capitol Federal Financial 1,700 19
First Indiana 900 17
Richmond County Financial 900 17
FirstFed Financial * 1,100 16
Anchor Bancorp Wisconsin 1,000 15
First Bank Puerto Rico 800 15
MAF Bancorp 800 15
St. Francis Capital 900 14
First of Long Island 400 14
Home Federal Savings Bank 700 12
Carolina First 800 12
36
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Northwest Bancorp 1,600 $ 11
Queens County Bancorp 600 11
ISB Financial 700 11
Harbor Florida Bancshares 1,000 10
Ameriana Bancorp 960 10
FVNB 300 10
Jefferson Savings Bancorp 900 10
PBOC Holdings * 1,100 10
Klamath First Bancorp 800 9
BankUnited Financial * 1,300 9
BT Financial 500 9
Coastal Bancorp 600 9
F New Brunswick 420 9
Republic Security Financial 1,700 8
InterWest Bancorp 600 8
W Holdings Company 900 7
StateFed Financial 800 7
Woronoco Bancorp 600 6
Westcorp 500 6
CENIT Bankcorp 500 6
Bedford Bancshares 600 5
Commonwealth Bancorp 400 5
Cooperative Bankshares 400 4
-------
824
-------
Total Financial 10,471
-------
HEALTH CARE 8.8%
Drugs 6.1%
Immunex * 11,900 589
Genentech * 1,930 332
Millennium Pharmaceuticals * 1,990 223
Forest Laboratories * 2,050 207
Sepracor * 1,700 205
Chiron * 4,300 204
Human Genome Sciences * 1,200 160
IVAX * 3,750 156
Tiansgenics * 2,200 131
37
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
PerkinElmer * 1,250 $ 117
Abgenix * 900 108
Affymetrix * 650 107
Andrx * 1,400 89
Celgene * 1,500 88
King Pharmaceuticals * 1,950 86
Gilead Sciences * 1,065 76
Priority Healthcare (Class B) * 997 74
Medarex * 800 68
Protein Design Labs * 400 66
ICN Genomics 2,100 58
Mylan Laboratories 3,200 58
Vertex Pharmaceuticals * 550 58
Jones Pharma 1,450 58
Incyte Pharmaceuticals * 700 58
Alkermes * 1,200 57
United Therapeutics * 500 54
Alpharma (Class A) 800 50
Invitrogen * 650 49
ICOS * 1,100 48
Enzo Biochem * 700 48
COR Therapeutics * 550 47
Inhale Therapeutic Systems * 450 46
Enzon * 1,070 45
Maxygen * 800 45
Myriad Genetics * 300 44
Tanox * 900 43
Cephalon * 700 43
CV Therapeutics * 600 42
Digene * 1,000 40
Barr Laboratories * 900 40
AmeriSource Health * 1,300 40
Medicis Pharmaceutical * 700 40
Cubist Pharmaceuticals * 800 39
Tularik * 1,300 38
Alexion Pharmaceutical * 500 36
Neurocrine Biosciences * 1,000 35
38
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Trimeris * 500 $ 35
Titan Pharmaceuticals * 800 34
Immunomedics * 1,400 34
Sequenom * 700 32
Geron * 1,000 31
Maxim Pharmaceuticals * 600 31
Praecis Pharmaceuticals * 1,100 31
Cygnus * 2,100 30
SuperGen * 800 29
Syncor International * 400 29
ILEX Oncology * 800 28
Cell Genesys * 1,000 28
Regeneron Pharmaceuticals * 900 27
Amylin Pharmaceuticals * 1,700 26
IDEXX Laboratories * 1,100 25
Pharmacyclics * 400 24
Biosite Diagnostics * 500 24
IntraBiotics Pharmaceuticals * 900 24
Bergen Brunswig 4,315 24
Gene Logic * 660 24
Bindley Western Industries 888 23
Cambrex 500 22
Transkaryotic Therapies * 600 22
Schein Pharmaceuticals * 1,000 22
Neose Technologies * 500 21
Texas Biotechnology * 1,100 21
InterMune Pharmaceuticals * 500 21
BioMarin Pharmaceutical * 1,200 20
Bio-Technology General * 1,500 20
ONYX Pharmaceuticals * 1,600 20
Targeted Genetics * 1,300 19
Cerus * 370 19
Dura Pharmaceuticals * 1,300 19
Genome Therapeutics * 600 18
Avigen * 400 18
BioCryst Pharmaceuticals * 600 17
Corixa * 400 17
39
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Emisphere Technologies * 400 $ 17
Gensia Pharmaceuticals * 2,100 17
Creative Biomolecules * 1,200 17
Ventana Medical Systems * 700 17
Antigenics * 1,000 16
Cell Pathways * 700 16
Albany Molecular Research * 300 16
NPS Pharmaceuticals * 600 16
Allscripts * 700 16
Perrigo * 2,500 16
K-V Pharmaceutical * 600 16
NeoRx * 800 15
EntreMed * 500 15
MGI PHARMA * 500 15
Ligand Pharmaceuticals * 1,100 14
Kos Pharmaceuticals * 900 14
Neurogen * 500 14
Hyseq * 300 14
Algos Pharmaceutical * 900 14
Vical * 700 13
Biopure * 700 13
NeoPharm * 700 13
Northfield Laboratories * 800 13
GelTex Pharmaceuticals * 600 12
ImmunoGen * 1,000 12
Nu Skin Asia Pacific * 2,100 12
Noven Pharmaceuticals * 400 12
Isis Pharmaceuticals (Class B) * 800 12
Conentric Network * 800 12
Martek Biosciences * 600 11
NBTY * 1,700 11
Covance * 1,200 11
AVANT Immunotherapeutics * 1,000 11
PathoGenesis * 400 10
Organogenesis * 900 10
Collateral Therapeutics * 400 10
Crescendo Pharmaceuticals * 500 10
40
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Aviron * 300 $ 9
Cell Therapeutics * 300 9
Closure Medical * 400 9
Alliance Pharmaceutical * 800 9
D&K Healthcare * 800 8
Diversa * 250 8
Coulter Pharmaceutical * 400 8
ChiRex * 400 8
Ribozyme Pharmaceuticals * 300 8
NeoTherapeutics * 700 7
OXiGENE * 700 7
Matritech * 1,000 7
Immune Response * 600 7
Triangle Pharmaceuticals * 700 6
ViroPharma * 400 6
Guilford Pharmaceuticals * 400 6
Theragenics * 700 6
Valentis * 500 6
Arqule * 300 6
Techniclone * 1,400 6
Genzyme General * 375 5
Synaptic Pharmaceutical * 1,000 5
AVI BioPharma * 500 5
IGEN * 300 5
Arris Pharmaceutical * 800 5
Xoma Limited * 1,100 5
Columbia Laboratories * 800 5
Von Pharmaceuticals 600 5
Immucor * 800 4
Progenics Pharmaceutical * 300 4
Interleukin Genetics * 800 4
Microcide Pharmaceuticals * 400 4
Hemispherx Biopharma * 600 3
SafeScience * 500 3
Trega Biosciences * 600 2
-------
5,967
-------
41
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Medical Products 1.8%
Stryker 4,700 $ 206
Waters * 1,500 187
IDEC Pharmaceuticals * 900 106
MiniMed * 800 94
Techne * 700 92
Imclone Systems * 1,000 76
Cytyc * 1,400 75
VISX * 1,700 47
Beckman Coulter 800 47
Dentsply International 1,400 43
Patterson Dental * 800 41
Edwards Lifesciences * 1,600 31
Summit Technology * 1,500 28
Varian Associates * 700 27
Genzyme Transgenics * 1,000 27
Wesley Jessen VisionCare * 700 26
ADAC Laboratories * 1,000 24
INAMED * 600 22
ABIOMED * 700 22
ArthroCare * 400 21
Invacare 800 21
Owens & Minor 1,200 21
Steris * 2,200 20
Haemonetics * 900 19
Novoste * 300 18
CONMED * 700 18
Cohesion Technologies * 1,400 17
Mentor 600 16
ResMed * 600 16
Henry Schein * 900 15
Merit Medical Systems * 2,300 15
Kensey Nash * 1,300 14
CYTOGEN * 1,400 14
Biomatrix * 600 14
Arrow International 400 13
ATS Medical * 900 13
West Pharmaceutical Services 600 13
Protocol Systems * 800 13
42
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Bacou USA * 600 $ 12
Thermo Cardiosystems * 1,200 12
Analogic 300 12
SangStat Medical * 400 12
Eltrax Systems * 1,900 11
Cooper Cos 300 11
Datascope 300 11
Aspect Medical Systems * 400 11
Respironics * 600 11
Aphton * 400 10
LJL BioSystems * 500 10
PSS World Medical * 1,400 9
Genzyme Surgical Products * 896 9
Advanced Tissue Sciences * 1,100 9
LifeCell * 1,400 9
Aradigm * 500 9
IRIDEX * 700 9
Cholestech * 1,100 8
Ocular Sciences * 700 8
Acuson * 600 8
Sunrise Technologies International * 800 8
Exactech * 500 8
VIVUS * 900 6
Cyberonics * 500 6
Vasomedical * 1,000 5
American Science Engineering * 800 4
Nexell Therapeutics 275 4
Eclipse Surgical Technologies * 900 4
-------
1,778
-------
Medical Providers & Services 0.9%
Quest Diagnostics * 1,010 72
Health Management (Class A) * 5,300 69
PacifiCare Health Systems (Class A) * 1,100 66
Universal Health Services * 800 52
Oxford Health Plans * 2,200 52
Hillenbrand 1,600 50
Trigon Healthcare * 900 46
First Health Group * 1,400 46
43
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Foundation Health Systems * 2,700 $ 35
Lincare * 1,400 35
Orthodontic Centers of America * 1,500 34
RehabCare Group * 800 22
Omnicare 2,400 22
Province Healthcare * 600 22
Renal Care Group * 800 20
Mid Atlantic Medical Services * 1,400 19
Service Corp. International 5,600 18
Quorum Health Group * 1,700 18
Coventry * 1,300 17
IMPATH * 300 16
CryoLife * 700 16
LifePoint Hospitals * 700 16
Laboratory Corporation of America Holdings * 200 16
Dianon Systems * 600 15
Triad Hospitals * 600 15
Accredo Health * 400 14
Sunrise Assisted Living * 600 11
Total Renal Care Holdings * 1,700 10
Veterinary Centers of America * 700 10
Hooper Holmes 1,200 10
United Wisconsin Services 1,700 9
Lab Holdings 1,500 8
America Service Group * 400 8
AmeriPath * 800 7
Stewart Enterprises (Class A) 1,800 6
NovaMed Eyecare * 600 5
AmSurg * 900 5
LCA-Vision * 1,600 4
Res-Care * 600 3
Capital Senior Living * 1,000 3
Sierra Health Services * 700 2
Alternative Living Services * 800 2
United Wisconsin Group * 100 1
-------
927
-------
Total Health Care 8,672
-------
44
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
INDUSTRIAL 1.8%
Defense and Aerospace 0.2%
Precision Castparts 700 $ 32
Alliant Techsystems * 300 20
Sequa (Class A) * 400 15
Orbital Sciences * 1,200 15
United Industrial 1,600 15
U.S. Wireleless * 600 13
LodgeNet Entertainment * 500 12
Kaman 1,100 12
Stewart & Stevenson 700 10
SPACEHAB * 1,900 9
GenCorp 1,000 8
Allied Research * 1,000 7
HEICO 400 6
Kellstrom Industries * 700 3
Heico (Class A) 250 3
T NETIX * 700 3
PNV * 1,300 2
-------
185
-------
Heavy Electrical Equipment 0.5%
Plug Power * 1,000 62
Commscope * 1,100 45
Teleflex 1,000 37
Cable Design Technologies * 1,100 37
Hubbell (Class B) 1,400 36
C&D Technologies 600 34
Spectra-Physics Lasers * 400 28
Belden 1,000 26
Optical Cable * 800 24
Anixter International * 800 21
Baldor Electric 1,100 21
UCAR International * 1,300 17
Lincoln Electric Holdings 1,100 16
WESCO International * 1,400 13
A.O. Smith (Class B) 600 13
Hughes Supply 600 12
45
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Woodward Governor 400 $ 11
Anicom * 2,000 7
Alpine Group * 1,100 7
Regal-Beloit 400 6
Ultrak * 600 5
LSI Industries 300 5
Owosso 1,200 3
------------
486
------------
Heavy Machinery 0.1%
Newport News Shipbuilding 800 29
Trinity Industries 1,100 20
Tennant 500 19
Dril-Quip * 400 19
AGCO 1,300 16
Astec Industries * 600 15
JLG Industries 1,200 14
Terex * 1,000 14
Columbus Mckinnon 600 9
CMI (Class A) 800 3
------------
158
------------
Industrial Parts 1.0%
American Standard * 1,600 66
Pentair 1,400 50
Marine Drilling * 1,700 48
EMCORE * 370 44
Mattson Technology * 1,000 33
AAON * 1,200 30
Cymer * 600 28
IDEX 900 28
York International 1,100 28
Donaldson 1,200 24
GaSonics International * 600 24
Tecumseh Products 600 23
Manitowoc 800 21
Mark IV 1,000 21
Nordson 400 20
Brooks Automation * 300 19
Shaw Group * 400 19
46
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Powell Industries * 1,900 $ 19
Kennametal 800 17
Genlyte Group * 800 17
Toro 500 16
Specialty Equipment * 600 16
Rayovac * 700 16
Helix Technology 400 16
Flowserve 1,000 15
Kaydon 700 15
Simpson Manufacturing * 300 14
Thomas Industries 800 14
Semitool * 800 14
Lennox International 1,000 13
Presstek * 800 13
Lindsay Manufacturing 650 13
SPS Technologies * 300 12
CLARCOR 600 12
Key Technology * 1,400 12
UNOVA * 1,600 12
SpeedFam International * 600 11
AMETEK 600 10
Applied Industrial Technologies 600 10
Graco 300 10
EDO 1,500 9
T B Wood's 900 9
Blout International * 1,207 9
Robbins & Myers 400 9
Detroit Diesel 600 9
TransTechnology 800 9
Thermo Fibertek * 1,700 8
Zoltek * 900 8
Watts Industries (Class A) 600 7
Exide 900 7
Flow International * 700 7
CUNO * 300 7
Enviromental Tectonics * 700 6
CTB International * 900 6
47
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
NN 600 $ 6
Standard Motor Products 700 6
Washington Scientific Industries * 1,400 6
Middleby * 800 6
Graham * 600 5
Waterlink * 800 2
BHA Group (Class A) 100 1
------------
985
------------
Total Industrial 1,814
------------
RETAIL 2.5%
Clothing Stores 0.8%
Intimate Brands 11,430 226
Ross Stores 2,600 44
Talbots 800 44
Brauns Fashions * 1,200 44
Payless Shoesource * 705 36
WoolWorth * 3,500 36
The Neiman Marcus Group * 1,100 33
Abercrombie & Fitch (Class A) * 2,500 30
Claire's Stores 1,500 29
Dress Barn * 1,100 24
Pacific Sunwear * 1,100 21
Footstar * 600 20
AnnTaylor Stores * 600 20
Gadzooks * 1,600 19
Men's Wearhouse * 700 16
Too * 600 15
Factory 2-U Stores * 400 15
Charming Shoppes * 2,900 15
Stein Mart * 1,300 13
American Eagle Outfitters * 900 13
The Children's Place * 600 12
Burlington Coat Factory 1,100 12
Harold's Stores * 1,700 4
Syms * 900 3
------------
744
------------
48
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Department Stores 0.1%
Family Dollar Stores 4,100 $ 80
Saks * 3,675 39
Shopko Stores * 600 9
Value City Dept Stores * 700 7
Ames Department Stores * 800 7
Elder-Beerman Stores * 1,500 6
Bon-Ton Stores * 1,400 3
------------
151
------------
Grocery Stores 0.3%
Hannaford Brothers 950 68
Food Lion 3,600 64
Weis Markets 1,100 36
Whole Foods Market * 700 29
7-Eleven * 1,700 24
Casey's General Stores 1,700 18
Ruddick 1,200 14
Marsh Supermarkets 600 6
Wild Oats Markets * 400 5
Rocky Mountain Chocolate Factory * 576 3
------------
267
------------
Retailing/Specialty Retailers 1.3%
CDW Computer Centers * 2,000 125
Dollar Tree Stores * 2,325 92
BJ's Wholesale Club * 1,600 53
Fastenal 1,000 51
Williams-Sonoma * 1,500 49
PC Connection * 700 40
Barnes & Noble * 1,700 38
99 Cents Only Stores * 933 37
Insight Enterprises * 600 36
Medpartners * 4,900 33
Zale * 900 33
Linens `n Things * 1,200 32
Michaels Stores * 700 32
Borders Group * 1,900 30
49
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Krispy Kreme Doughnuts * 400 $ 29
Direct Focus Inc * 500 24
ValueVision International (Class A) * 1,000 24
Fred's (Class A) 1,300 24
Spiegel (Class A) 2,800 24
O'Reilly Automotive * 1,700 23
Lands' End * 700 23
Ventro * 1,100 21
Trans World Entertainment * 1,700 21
buy.com * 3,800 19
eToys * 3,000 19
Tweeter Home Entertainment Group * 600 18
Polymedica * 400 17
Cost Plus * 600 17
Hibbett Sporting Goods * 700 16
Tuesday Morning * 1,500 15
The Boyds Collection * 1,800 15
MSC * 700 15
Damark International * 700 15
Bandag 600 14
Hollywood Entertainment * 1,800 14
Drugstore.com * 1,700 13
School Specialty * 676 12
OfficeMax * 2,400 12
West Marine * 1,700 12
Advanced Marketing Services 600 11
Hancock Fabrics 2,600 11
Webvan Group * 1,500 11
Duane Reade * 400 10
Electronics Boutique Holdings * 600 10
Cole National (Class A) 1,300 9
IntertAn * 750 9
Global DirectMail * 2,100 8
Envision Development * 300 8
Miami Computer Supply * 300 8
PriceSmart * 200 8
United Auto Group * 800 7
50
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Wolohan Lumber 700 $ 7
CSK Auto * 900 7
Finlay Enterprises * 500 6
Haverty Furniture 700 6
barnesandnoble.com * 900 6
Stamps.com * 800 6
PETsMART * 1,600 5
Good Guys * 1,400 5
Sunglass Hut International * 600 5
Elcom International * 600 4
Friedman's 800 4
Ideamall * 800 4
1-800-FLOWERS.com * 600 3
Shop At Home * 600 3
Ashford.com * 800 2
Emerging Vision * 800 2
E-Stamp * 1,000 2
Fogdog * 800 1
------------
1,325
------------
Total Retail 2,487
------------
TECHNOLOGY 37.3%
Communication Equipment 2.7%
Sycamore Networks * 5,600 618
CIENA * 3,340 557
Terayon Communication Systems * 1,300 83
Advanced Fibre Communications * 1,800 82
Polycom * 800 75
Tekelec * 1,500 72
DSP Group * 1,200 68
Powerwave Technologies * 1,500 66
Digital Microwave * 1,610 61
Harris 1,800 59
Plantronics * 500 58
Sawtek * 1,000 58
ditech Communications * 600 57
ADTRAN * 900 54
51
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
L3 Communications Holdings * 900 $ 51
ADC Telecommunications * 602 50
Aspect Telecommunications * 1,200 47
Natural MicroSystems * 400 45
ANTEC * 1,000 42
Harmonic * 1,384 34
Metawave Communications * 1,100 29
California Amplifier * 600 27
Ulticom * 1,100 27
Carrier Access * 500 26
VYYO * 900 24
Comtech Telecommunications * 1,350 22
ViaSat * 400 22
Telaxis Communications * 600 19
Celeritek * 400 16
MCK Communications * 700 16
C-COR.net * 600 16
Airnet Communications * 600 16
Allen Telecom * 800 14
RF Monolithics * 900 14
Glenayre Technologies * 1,200 13
Westell Technologies * 800 12
P-COM * 1,900 11
InteliData Technologies * 1,000 10
Com21 * 400 10
Lifeline Systems * 700 10
Inter-Tel 500 8
Brooktrout Technology * 300 7
Xeta Technologies * 200 6
SpectraLink * 400 6
Applied Signal Technology 500 6
Active Voice * 600 5
InterVoice * 710 5
Globecomm Systems * 300 4
Data Critical * 200 3
PictureTel * 800 2
------------
2,643
------------
52
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Computer Communications Equipment 1.2%
Brocade Communications Systems * 2,600 $ 476
Extreme Networks * 1,200 126
Alleon WebSystems * 900 90
Cisco Systems * 1,379 88
Emulex * 800 52
Echelon * 700 41
Electronics for Imaging * 1,500 38
Proxim * 330 33
Paradyne Networks * 900 29
Extended Systems * 300 29
Apex * 500 22
Ancor Communications * 600 21
SCM Microsystems * 350 21
Cybex Computer Products * 500 21
Tricord Systems * 1,100 20
Network Peripherals * 900 15
Splash Technology * 1,400 11
Gadzoox Networks * 700 10
Digi International * 1,000 6
FVC.com * 500 4
Auspex Systems * 600 3
VideoServer * 600 3
Performance Technologies * 300 3
------------
1,162
------------
Computer Makers 0.2%
Digital Lightwave * 650 65
MMC Networks * 800 43
Palm * 800 27
Micron Electronics * 1,700 21
Concurrent Computer * 1,100 15
Xybernaut * 1,100 12
Vitech America * 1,400 8
Bitwise Designs * 700 4
------------
195
------------
53
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Computer Software 6.7%
Redback Networks * 3,370 $ 604
i2 Technologies * 4,503 470
TIBCO Software * 4,300 461
BEA Systems * 5,700 282
Vignette * 4,500 234
Rational Software * 2,100 195
Intuit * 4,600 190
Micromuse * 800 132
Peregrine Systems * 3,625 126
Cadence Design Systems * 5,600 114
Electronic Arts * 1,500 109
Quest Software * 1,900 105
Entrust Technologies * 1,200 100
ISS Group * 950 94
Safeguard Scientifics * 2,900 93
Symantec * 1,460 79
Agile Software * 1,100 78
Checkfree Holdings * 1,400 72
Macrovision * 1,000 64
Network Associates * 2,900 59
Acxiom * 2,100 59
Wind River Systems * 1,476 56
Synopsys * 1,600 55
LHS Group * 1,600 55
National Instruments * 1,200 52
SERENA Software * 1,100 50
Titan * 1,100 49
Informatica * 600 49
Mercator Software * 700 48
Virginia Linux Systems * 1,112 48
Sybase * 2,000 46
Informix * 6,000 45
Retek * 1,300 42
NetIQ * 682 41
J.D. Edwards * 2,700 41
SilverStream Software * 700 40
Software Technologies * 1,300 40
54
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
MetaSolv Software * 900 $ 40
Advent Software * 600 39
Actuate * 700 37
HNC Software * 600 37
Dendrite International * 1,100 37
New Era of Networks * 860 37
Documentum * 400 36
Mentor Graphics * 1,800 36
Remedy * 600 33
Manugistics Group * 700 33
Pharmacopeia * 700 32
Legato Systems * 2,100 32
Lightbridge * 1,300 31
Aware * 600 31
National Computer Systems 600 30
Numerical Technologies * 600 29
Predictive Systems * 800 29
Accrue Software * 800 28
WatchGuard Technologies * 500 27
Cerner * 1,000 27
Puma Technology * 1,000 27
Verity * 700 27
ACTV * 1,600 24
MicroStrategy (Class A) * 800 24
SeaChange International * 800 23
JDA Software Group * 1,200 23
Allaire * 600 22
Embarcadero * 700 21
Concord Communications * 500 20
SPSS * 700 20
Radiant Systems * 850 20
Progress Software * 1,100 20
IMRglobal * 1,500 20
Hyperion Solutions * 600 19
Mercury Computer Systems * 600 19
Aspen Technology * 500 19
55
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Complete Busines Solutions * 1,100 $ 19
Cysive * 800 19
Extensity * 550 19
Sanchez Computer Associates * 800 19
WebTrends * 480 18
MapInfo * 450 18
Policy Management Systems * 1,200 18
ONYX Software * 600 18
Clarus * 450 17
Manhattan Assocs * 700 17
Industri-Matematik * 3,200 17
Transaction Systems Architects * 1,000 17
Brio Technology * 800 17
BondView Development * 1,400 17
Intergraph * 2,200 17
NetZero * 3,100 16
StarBase * 1,500 16
Borland International * 2,600 16
Computer Network Technology * 900 16
Avant * 800 15
FileNet * 800 15
Visual Networks * 500 14
Systems & Computer Technology * 700 14
Exchange Applications * 500 13
TenFold * 800 13
MICROS Systems * 700 13
Bluestone Software * 500 13
Project Software & Development * 700 13
Websense * 500 13
Applix * 1,600 13
AremisSoft De * 400 12
Advantage Learning Systems * 800 12
DSET * 400 12
Excalibur Technologies * 300 12
Corsair Communications * 400 11
SAGA SYSTEMS* 900 11
56
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Research Engineers * 600 $ 11
Structural Dynamics Research * 700 11
Retix * 600 10
Santa Cruz Operation * 1,600 10
Bottomline Technologies * 300 10
BTG * 1,200 10
Great Plains Software * 500 10
Phoenix Technologies * 600 10
Witness Systems * 400 10
Moldflow * 600 9
Summit Design * 2,000 9
NetScout Systems * 700 9
Communication Intelligence 2,000 9
AVT * 1,200 9
Click2learn.com * 500 9
Midway Games * 1,079 9
Indus International * 1,000 9
Sagent Technology * 600 9
Sonic Foundry * 400 8
TREEV * 1,300 8
IDX Systems * 600 8
Centura Software * 1,500 8
LCC International * 300 8
Computer Horizons * 600 8
Novadigm * 400 8
Netsolve * 300 8
CACI International * 400 8
Tripos * 400 8
Tanning Technology * 400 8
Datalink * 500 7
InfoCure * 1,300 7
4Front Technologies * 600 7
NetManage * 1,600 7
Software Spectrum * 400 7
NHancement Technologies * 500 7
Latitude Communications * 600 7
57
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Scientific Learning * 300 $ 7
Pegasystems * 1,300 7
Health Management Systems * 2,000 7
Objective Systems Integrators * 600 6
CCC Information Services Group * 600 6
Daleen Technologies * 400 6
Datastream * 500 6
Geoworks * 400 6
Avid Technology * 500 6
MetaCreations * 500 6
Eclipsys * 800 6
Artificial Life * 300 6
NEON Systems * 300 6
eXcelon * 700 6
3Do * 700 5
Blaze Software * 400 5
MAPICS * 900 5
Norstan * 1,300 5
Integral Systems * 300 5
General Magic * 600 5
Carreker-Antinori * 600 5
Interact Commerce * 400 5
Litronic * 500 4
Troy Group * 300 4
Applied Digital Solutions * 1,300 4
Spatial Technology * 1,100 4
viaLink * 400 4
Ducocorp * 1,100 4
Datatec Systems * 700 4
Banyon Systems * 500 4
SVI Holdings * 700 4
Intelligroup * 300 4
Information Architects * 500 3
Unify * 400 3
GT Interactive Software 400 3
Learn2.com * 1,600 3
Rogue Wave Software * 600 3
58
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Intelect Communications * 1,200 $ 3
Platinum Software * 1,100 3
First Consulting Group * 500 3
CompuCom Systems * 1,600 3
eShare Technologies * 400 3
QAD * 700 3
On2.com * 500 3
Smith Micro Software * 400 3
Optika * 400 2
RAVISENT Technologies * 300 2
Viisage Technology * 700 2
eSoft * 300 2
Concur Technologies * 500 2
Smith-Gardner & Assocs * 400 2
INSO * 300 2
Logility * 400 2
Aztec Consulting * 538 1
-------
6,569
-------
Electronic Equipment 4.8%
Level 3 Communications * 8,700 765
Metromedia Fiber Network * 11,400 452
Jabil Circuit * 4,500 223
American Tower Systems (Class A) * 3,400 142
SCI Systems * 3,610 142
Vishay Intertechnology * 3,200 121
AVX 4,200 96
Tollgrade Communications * 700 93
Power-One * 800 91
SPX * 750 91
TeleCorp PCS * 2,000 81
MRV Communications * 1,200 81
Newport 750 81
Netro * 1,300 75
Technitrol 700 68
Amphenol * 1,000 66
New Focus * 800 66
Credence Systems * 1,000 55
Coherent * 650 54
59
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Litton Industries * 1,200 $ 50
Thermo Instrument Systems * 2,600 49
Cyberoptics * 1,050 49
Cobalt Networks * 800 46
KEMET * 1,800 45
Agilent Technologies * 600 44
Plexus * 380 43
Cognex * 800 41
ACLARA BioSciences * 800 41
Anaren Microwave * 300 39
Aurora Biosciences * 540 37
Zygo * 400 36
Sanmina * 420 36
LTX * 1,000 35
Vicor * 1,000 35
Methode Electronics (Class A) 900 35
Trimble Navigation * 700 34
Xircom * 700 33
Pinnacle * 1,400 32
Littelfuse * 600 30
Advanced Energy Industries * 500 30
Varian * 600 28
MKS Instruments * 700 27
Keithley Instruments 300 26
DDi * 900 26
Act Manufacturing * 550 26
Artesyn Technologies * 900 25
Fisher Scientific * 1,000 25
Wink Communications * 800 24
United Dominion Industries 1,400 24
Caliper Technologies * 500 23
PC-Tel 600 23
Photon Dynamics * 300 22
Valence Technology * 1,200 22
Sensormatic Electronics * 1,400 22
Park Electrochemical 600 22
Federal Signal 1,300 21
60
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
ParkerVision * 400 $ 20
Excel Technology * 400 20
Bio-Rad Laboratories * 800 20
Aeroflex * 400 20
Viasystems Group * 1,200 19
Rudolph Technologies * 500 19
Esterline Technologies * 1,300 19
UTStarcom * 600 18
InterDigital Commerce * 1,100 18
Research Frontiers * 600 18
BEI Technologies 700 18
Mechanical Technology * 1,110 17
Dionex * 600 16
Pioneer-Standard Electronics 1,100 16
Therma Wave * 700 16
Roper Industries 600 15
FEI * 500 15
Meade Instruments * 600 15
Benchmark Electronics * 400 15
II-VI * 300 15
Rogers * 400 14
Thermedics * 1,400 14
Molecular Devices * 200 14
Somera Communications * 1,000 14
Kimball International 900 13
World Access * 1,200 13
Input/Output * 1,500 13
GenRad * 1,400 13
EMS Technologies * 700 13
Nanometrics * 300 12
Brightpoint * 1,400 12
MagneTek * 1,500 12
Chromavision Medical Systems * 900 12
SBS Technologies * 300 11
DRS Technologies * 900 10
Ultratech Stepper * 700 10
Video Display * 1,700 10
61
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Netrix * 800 $ 10
T-HQ * 750 9
General Cable 1,000 8
Hutchinson Technology * 500 7
Checkpoint Systems * 900 7
Interspeed * 400 7
Perceptron * 1,600 6
APA Optics * 300 4
LeCroy * 400 4
Sage * 200 3
-------
4,673
-------
Information Services 1.7%
FIserv * 2,825 122
Internap Network Services * 2,850 118
DST Systems * 1,470 112
Red Hat 3,400 92
SunGard Data Systems * 2,700 84
CSG Systems International * 1,400 78
Total Systems Services 4,600 73
Healtheon * 4,400 65
HomeStore.com * 1,750 51
Affiliated Computer Services (Class A) * 1,400 46
Keynote Systems * 650 45
Galileo International 1,900 40
BISYS Group * 600 37
Keane * 1,700 37
Savvis Communications * 2,300 30
American Management Systems * 900 29
PurchasePro.com * 700 29
Avert 1,100 27
Data Return * 900 26
Interliant * 1,100 26
Factset Research Systems 900 25
BSQUARE * 1,100 25
Perot Systems * 2,200 24
MP3.com * 1,700 23
Multex.com* 900 23
Primark * 600 22
62
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Breakaway Solutions * 800 $ 22
Igate Capital * 1,500 21
Barra * 400 20
Answerthink * 1,100 18
Agency.com * 1,000 18
CIBER * 1,300 17
National Information Consortm * 1,500 17
Sykes Enterprises * 1,300 17
Group 1 Software * 900 16
Digital Insight * 431 15
Pivotal * 600 14
Cambridge Technology Partners * 1,600 14
The A Consulting Team * 1,800 14
Calico Commerce * 800 13
Corillian * 700 12
Comptek Research * 600 11
Medquist * 293 10
HotJobs.com * 700 10
C-bridge Internet Solutions * 500 9
PEC Solutions * 1,000 8
Technology Solutions * 1,300 8
CoStar Group * 300 7
QRS * 300 7
Tier Technologies (Class B) * 1,300 7
Student Advantage * 900 7
Cognizant Technology Solutions * 200 7
TriZetto Group * 400 6
UBICS * 2,200 6
Pegasussystems * 500 5
McAfee.com * 200 5
Travelocity.com * 300 5
U.S. Interactive * 320 4
Metro Information * 400 4
PSW Technologies 300 4
Luminant Worlwide * 400 3
Loislaw * 400 3
N2H2 * 600 3
63
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Cavion Technologies * 300 $ 3
Zapme! * 1,000 3
DAOU Systems * 1,500 3
Superior Consultant Holdings * 500 2
Circle.com * 550 2
PFSweb * 300 1
HomeSeekers.com * 300 1
Opus360 * 25 0
-------
1,711
-------
Internet 11.1%
Juniper Networks * 7,460 1,086
VeriSign * 4,611 813
Ariba * 4,500 441
Exodus Communications * 8,800 406
e-Bay * 6,300 342
Inktomi * 2,600 308
CMGI * 6,668 305
InfoSpace.com * 5,500 304
Amazon.com * 8,300 301
Broadvision * 5,761 292
Portal Software * 3,800 243
At Home * 9,040 187
RealNetworks * 3,700 187
Vitria Technology * 2,900 177
GlobeSpan * 1,350 165
priceline.com * 4,100 156
Commerce One * 3,400 155
Art Technology Group * 1,480 149
Software.com * 1,100 143
Copper Mountain * 1,500 132
Kana Communications * 2,098 130
Lycos * 2,200 119
Macromedia * 1,200 116
E*TRADE Group * 6,930 114
WebMethods * 700 110
DoubleClick * 2,792 106
Phone.com * 1,600 104
PSINet * 4,040 101
64
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Efficient Networks * 1,200 $ 88
Critical Path * 1,500 87
Infonet Services * 6,900 82
Scient * 1,750 78
E.piphany * 710 76
Interwoven * 600 66
Digital Island * 1,350 66
VerticalNet * 1,700 63
Proxicom * 1,200 57
Clarent * 800 57
Sonicwall * 650 57
CNET Networks * 2,260 55
Cacheflow * 900 55
Navisite * 1,300 54
Active Software * 700 54
Inet Technologies * 1,000 54
Liberate Technologies * 1,850 54
AmeriTrade * 4,600 53
MatrixOne * 1,300 53
Nuance Communications * 600 50
On Display * 600 49
Akamai Technologies * 378 45
Earthlink * 2,907 45
USInternetworking * 2,100 43
Choice One Communications * 1,000 41
FreeMarkets * 850 40
Intertrust Technologies * 1,960 40
Go2Net * 800 40
FirePond * 1,100 40
F5 Networks * 700 38
Verio * 670 37
AppNet Systems * 1,000 36
Digex * 530 36
AsiaINfo Holdings * 800 36
Tumbleweed Communications * 700 36
Viant * 1,200 36
Looksmart * 1,900 35
65
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Ibasis * 800 $ 34
Luminex * 800 33
Broadbase Software * 1,080 33
StarMedia Network * 1,700 32
Razorfish * 1,950 31
Engage Technologies * 2,400 31
DigitalThink * 800 29
CareInsite * 1,600 29
Quintus * 1,413 28
iXL Enterprises * 1,900 28
Rhythms NetConnections * 2,100 26
Internet Capital Group * 700 26
OTG Software * 900 26
S1 * 1,100 26
IDT * 700 24
Packeteer * 800 23
Saba Software * 1,100 23
NetRatings * 900 23
ORATEC Interventions * 700 23
Intranet Solutions * 600 23
GoTo.com * 1,500 23
HomeGrocer.com * 3,800 23
Tut Systems * 400 23
Primus Knowledge Solutions * 500 23
Xpedior * 1,600 22
Lante * 1,050 21
Internet Pictures * 1,400 21
Ticketmaster Online-CitySearch * 1,300 21
Organic * 2,200 21
Netopia * 500 20
VIA NET.WORKS * 1,300 20
Digitas * 1,200 20
Loudeye Technologies * 1,100 19
eMerge * 1,050 19
Interactive Intelligence * 500 19
Rare Medium Group * 1,170 19
Caldera Systems * 1,400 18
66
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Vicinity * 900 $ 18
Selectica * 250 17
Bearer Free 1,900 17
Niku * 500 17
Chordiant Software * 1,000 17
Lifeminders * 560 17
Open Market * 1,200 17
Expedia * 1,100 16
Ask Jeeves * 900 16
Internet.com * 800 16
Spyglass * 500 16
Mediaplex * 800 15
AXENT Technologies * 600 15
Universal Access * 600 15
Persistence Software * 800 15
InterWorld * 700 14
Apropos Technology * 700 14
Network Access Solutions * 1,400 13
Juno Online Services * 1,200 13
Media Metrix * 500 13
EBENX * 600 13
net.Genesis * 700 13
Digital Impact * 900 13
About.com * 400 13
Worldgate Communications * 700 12
Hotel Reservations Network * 400 12
Telocity * 2,500 11
Neoforma.com * 1,600 11
Intraware * 700 11
Marimba * 800 11
Egain Communications * 900 11
iManage * 1,100 11
Netpliance * 1,200 11
Inforte * 300 11
SmartServ Online * 150 11
FirstWorld Communications * 1,000 10
L90 * 1,000 10
67
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
CyberSource * 700 $ 10
Digital Corier Technologies * 1,500 10
MyPoints * 500 10
Lightspan Partnership * 1,700 9
Preview Systems * 700 9
GRIC Communications * 500 9
Medicalogic * 955 9
High Speed Access * 1,300 9
Getthere * 800 8
Prodigy Communications * 800 8
America Online * 157 8
Prime Response * 1,200 8
Eprice * 500 8
Versata * 200 8
Switchboard * 800 8
Viador * 500 8
24/7 Media * 500 8
FairMarket * 1,100 8
Liquid Audio * 800 8
AppliedTheory * 500 8
Ramp Networks * 600 7
HealthExtras * 1,300 7
SportsLine USA * 400 7
OneMain.com * 600 7
Voyager.net * 800 7
Convergent Communications * 800 6
Net Perceptions * 400 6
Audible * 1,500 6
GlobalNet Financial.com * 300 6
Register.com * 200 6
MessageMedia * 1,700 6
Cybergold * 600 6
MarketWatch.com * 300 6
CAIS Internet * 400 6
Skillsoft * 400 6
Harris Interactive * 1,000 5
Centra Software * 500 5
68
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Sciquest * 400 $ 5
NetObjects * 500 5
Pilot Network Services * 300 4
Onvia.com * 500 4
iVillage * 500 4
Lionbridge Technologies * 400 4
Netzee * 700 4
NetSpeak * 400 4
Mail.com * 700 4
CyberCash * 800 4
Launch Media * 400 4
Uproar * 500 4
Eloquent * 400 4
Avenue A * 400 4
TheStreet.com * 600 3
The Cobalt Group * 500 3
Collectors Universe * 1,100 3
BiznessOnline.com * 600 3
Landacorp * 700 3
Rocky Mountain Internet * 1,000 3
Digital River * 400 3
Telescan * 400 3
Deltathree * 200 3
BE * 600 3
CDnow * 900 3
Quotesmith.com * 1,300 3
CUseeMe Networks * 300 3
WEBB Interactive Services * 200 3
Delano Technology * 200 2
ZipLink * 400 2
Egghead.com * 800 2
EDGAR Online * 700 2
Freeshop * 400 2
Ashton Technology Group * 700 2
Netgateway * 1,000 2
EMusic.com * 800 2
Hearme * 400 2
69
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Rainmaker Systems * 600 $ 2
Rowecom * 200 1
-------
10,930
-------
Miscellaneous Computer Hardware 1.6%
Foundry Networks * 2,650 292
Symbol Technologies 3,150 170
Sandisk * 1,600 98
Tech Data * 1,300 57
RSA Security * 800 56
Jack Henry & Associates 1,000 50
Dataram * 1,650 48
Diebold 1,700 47
Quantum * 4,100 40
Netegrity * 500 38
Black Box * 470 37
Ingram Micro * 1,900 33
NYFIX * 750 31
Zebra Technologies (Class A) * 700 31
Storage Technology * 2,800 31
Quantum * 2,700 30
Globix * 1,000 29
RadiSys * 500 28
Scansource * 700 28
Imation * 900 26
Procom Technology * 500 26
MIPS Technologies * 600 25
Maxtor * 2,400 25
Advanced Digital Info * 1,400 22
Osicom Technologies * 250 21
Interlink Electronics * 450 19
Wave Systems * 1,100 17
Crossroads Systems * 640 16
SmartDisk * 600 16
Immersion * 500 15
Take-Two Interactive Software * 1,200 15
Iomega * 3,400 14
Western Digital * 2,700 14
NETSilicon * 400 13
70
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
In Focus Systems * 400 $ 13
Stratasys * 1,700 11
Hypercom * 700 10
Exabyte * 2,200 10
eMachines * 3,400 9
Vixel * 1,000 8
Identix * 500 8
Kronos * 300 8
Secure Computing * 400 8
Metrologic Instrs * 500 7
Coinstar * 600 6
Amplicon 600 6
Gerber Scientific 500 6
MTI Technology * 600 5
Aspeon * 900 4
Global Payment Technologies * 600 4
Hauppague Digital * 400 4
SoftNet Systems * 400 4
Mitek Systems * 600 4
Ultradata Systems * 1,200 3
SED International Holdings * 600 2
Optio Software * 400 2
En Pointe Technologies * 200 2
-------
1,602
-------
Semiconductor Capital Equipment 0.4%
Lam Research * 2,750 103
Veeco * 629 46
Kulicke & Soffa * 700 41
Varian Semiconductor Equipment * 600 38
Photronics * 1,310 37
Asyst Technologies * 900 31
Pri Automation * 400 26
Silicon Valley Group * 800 21
FSI International * 600 13
BTU International * 800 10
CFM Technologies * 600 9
Electroglas * 400 9
-------
384
-------
71
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Semiconductors 6.9%
JDS Uniphase * 13,002 $ 1,558
SDL * 1,700 485
E-Tek Dynamics * 1,590 419
Vitesse Semiconductor * 4,400 324
Applied Micro Circuits * 2,900 286
Rambus * 2,280 235
Atmel * 5,300 196
RF Micro Devices * 1,900 166
Integrated Device Technology * 2,100 126
Burr Brown * 1,350 117
QLogic * 1,700 113
Microchip Technology * 1,900 111
Amkor Technology * 3,000 106
Cypress Semiconductor * 2,400 101
Cree Research * 750 100
Finisar * 3,600 94
NVIDIA * 1,300 83
Micrel * 1,880 82
TriQuint Semiconductor * 850 81
Fairchild Semiconductor * 1,910 77
Arrow Electronics * 2,400 74
Lattice Semiconductor * 1,070 74
Semtech * 900 68
International Rectifier * 1,200 67
Avnet 1,100 65
Transwitch * 800 62
Dallas Semiconductor 1,400 57
Siliconix * 800 54
Intersil Holding * 1,000 54
Virata * 900 54
Silicon Storage Technology * 600 53
Kopin * 700 49
TelCom Semiconductor * 1,100 44
Energy Conversion Devices * 1,700 43
Elantec Semiconductor * 600 42
Alpha Industries * 900 40
72
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
IXYS * 700 $ 37
Quantum Effect Devices * 600 34
Three-Five Systems * 550 33
Actel * 700 32
Oak Technology * 1,400 30
HEI * 2,100 29
PLX Technology * 700 29
Avanex * 300 29
S3 * 1,900 28
Pericom Semiconductor * 400 28
DuPont Photomasks * 400 27
CTS 600 27
Alliance Semiconductor 1,100 27
Integrated Silicon Solution * 700 27
Zoran * 400 26
Exar * 300 26
MEMC Electronic Materials * 1,400 25
REMEC * 600 25
Silicon Image * 500 25
Cirrus Logic * 1,500 24
Kent Electronics * 800 24
JNI * 700 22
SIPEX * 800 22
Electro Scientific Industries * 500 22
Universal Display * 700 21
Microsemi * 600 20
ANADIGICS * 595 20
American Superconductor * 400 19
General Semiconductor * 1,300 19
ESS Technology * 1,200 17
American Xtal Technology * 400 17
Power Integrations * 700 17
Cohu 600 16
Nu Horizons Electronics 600 16
QuickLogic * 700 16
Superconductor Technologies * 400 16
Ramtron International * 800 16
73
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
AstroPower * 500 $ 14
Media 100 * 500 13
Diodes * 300 13
Ibis Technology * 200 12
Pixelworks * 500 11
TESSCO Technologies * 400 11
8X8 * 800 10
Katy Industries 800 9
Brush Wellman 600 9
hi/fn * 200 9
Micro Linear * 1,100 8
Reptron Electronics * 600 7
OPTi 1,200 6
3Dfx Interactive * 800 6
Sigma Designs * 1,400 6
Silicon Laboratories * 100 5
Artisan Components * 400 5
-----------------
6,802
-----------------
Total Technology 36,671
-----------------
TELECOMMUNICATIONS 4.9%
Telephone 3.3%
Qwest Communications International * 16,988 844
McLeod USA * 13,402 278
NEXTLINK Communications * 5,105 193
NTL * 3,225 193
Next Level Communications * 2,000 172
Allegiance Telecom * 2,400 154
Broadwing 5,248 136
Citizens Utilities * 5,334 92
Winstar Communications * 1,950 66
GTS 5,100 62
Time Warner Telecom (Class A) * 860 55
Williams Communications Group * 1,600 53
Covad Communications Group * 3,175 51
Focal Communications * 1,400 51
Global Crossing * 1,725 45
74
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Intermedia Communications * 1,300 $ 39
Dycom Industries * 800 37
MGC Communications * 600 36
ICG Communications * 1,500 33
Turnstone Systems * 200 33
COMSAT 1,335 33
Commonwealth Telephone Enterprises * 700 33
Illuminet Holdings * 650 33
ITXC * 900 32
NorthEast Optic Network * 500 31
NorthPoint Communications * 2,700 30
ITC Deltacom * 1,200 27
Network Plus * 1,800 26
Viatel * 878 25
Pac-West Telecomm * 1,150 23
DSL.net * 2,200 23
Allied Riser Communications * 1,600 23
Primus Telecommunications * 900 22
Adelphia Business Solutions 928 21
CFW Communications 500 19
AirGate PCS * 350 18
FirstCom * 1,200 18
Net2Phone * 500 18
Hickory Technology 1,400 17
CapRock Communications * 800 16
Net2000 * 800 13
Alaska Communications Systems Group * 1,200 12
CT Communications 400 11
Z-Tel Technologies * 900 11
Cypress Communications 1,400 10
Talk.com 1,700 10
Conestoga Enterprises 500 9
WorldPages.com * 1,500 9
General Communication * 1,600 8
North Pittsburgh Systems 500 7
Total-Tel USA Communications * 700 7
US LEC * 400 7
75
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
American Communications * 1,000 $ 7
Startec Global Communications * 300 3
I-Link * 600 3
Premiere Technologies * 900 3
STAR Telecommunications * 1,100 3
eLOT * 1,100 2
Pacific Gateway Exchange * 500 2
-----------------
3,248
-----------------
Wireline Communications 1.6%
VoiceStream Wireless * 4,173 485
Aether Systems * 900 185
U.S. Cellular * 2,100 132
Telephone and Data Systems 1,300 130
Western Wireless * 1,800 98
Spectrasite Holdings * 2,800 80
Triton PCS Holdings * 1,300 75
Tritel * 2,500 74
Powertel * 600 43
Dobson Communications * 2,000 39
Centinal Cellular (Class A) 2,500 34
Alamosa PCS Holdings * 1,400 30
Leap Wireless International * 600 28
Teligent * 1,000 24
Rural Cellular (Class A) * 300 23
Audiovox * 700 15
Boston Communications Group * 1,100 15
COMARCO * 400 13
WebLink Wireless * 700 9
Advanced Radio Telecom * 500 7
CellStar * 1,500 4
-----------------
1,543
-----------------
Total Telecommunications 4,791
-----------------
TRANSPORTATION 1.2%
Airlines 0.4%
UAL 1,300 76
Continental Airlines * 1,500 70
76
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Northwest Airlines * 2,200 $ 67
Atlas Air * 900 32
Atlantic Coast Airlines * 600 19
America West Holdings * 900 15
SkyWest 400 15
Alaska Air Group * 500 13
Frontier Airlines * 900 13
Amtran * 800 10
Midwest Express Holdings * 400 9
Mesa Air Group * 1,100 6
-----------------
345
-----------------
Railroads 0.1%
St. Joe 2,100 63
Florida East Coast 700 28
Wisconsin Central Transport * 1,400 18
Westinghouse Air Brake 1,600 17
Greenbrier 1,000 7
RailAmerica * 1,100 7
-----------------
140
-----------------
Trucking, Shipping & Air Freight 0.7%
UPS 2,500 147
Expeditors International of Washington 1,400 66
C.H. Robinson Worldwide 1,100 54
Iron Mountain * 1,220 41
CNF Transportation 1,400 32
Overseas Shipholding Group 1,200 29
Alexander & Baldwin 1,300 29
EGL * 900 28
Trico Marine Services * 1,600 20
Swift Transportation * 1,350 19
Airborne Freight 1,000 19
Roadway Express 800 19
American Freightways * 1,100 16
Forward Air * 400 16
USFreightways 600 15
J.B. Hunt Transport Services 900 14
Werner Enterprises 1,100 13
Landstar Systems * 200 12
77
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Seacor Smit * 300 $ 12
Heartland Express * 700 12
KLLM Transport * 1,400 11
Kirby * 500 11
Maritrans 1,500 9
U.S. Xpress Enterprises * 1,100 9
M.S. Carriers * 500 9
Transport Corp. of America * 1,300 9
Allied Holdings * 1,400 8
Motor Cargo Industries * 900 4
-----------------
683
-----------------
Total Transportation 1,168
-----------------
UTILITIES 2.8%
Gas Utilities 0.9%
Marketspan 3,140 97
Kinder Morgan 2,650 92
American Water Works 2,600 65
National Fuel Gas 1,100 54
LG&E Energy 1,968 47
Questar 2,100 41
Equitable Resources 800 39
MCN 1,400 30
Philadelphia Suburban 1,300 27
Azurix * 3,800 27
E'town 400 27
Vectren 1,399 24
Washington Gas Light 1,000 24
Energen 1,100 24
SJW 200 24
Southern Union 1,365 22
Piedmont Natural Gas 800 21
UGI 900 18
AGL Resources 1,100 17
Northwest Natural Gas 700 16
New Jersey Resources 400 15
California Water Service Group 600 14
77
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Valley Resources 600 $ 14
United Water Resources 400 14
Roanoke Gas 700 12
Atmos Energy 700 12
EnergyNorth 200 12
Southwest Gas 600 10
EnergySouth 500 9
Chesapeake Utilities 500 9
-----------------
857
-----------------
Electric Utilities 1.9%
Dynegy 3,480 238
Calpine * 2,800 184
Montana Power 2,400 85
DQE 2,000 79
Allegheny Energy 2,700 74
DPL 3,300 72
Potomac Electric Power 2,600 65
Teco Energy 3,200 64
NSTAR 1,415 58
Wisconsin Energy 2,900 57
New York State Electric & Gas 3,000 57
Interstate Energy 2,100 55
UtiliCorp United 2,500 50
NiSource 2,500 47
IPALCO Enterprises 2,300 46
SCANA 1,910 46
Pugets Sound Energy 2,100 45
OGE Energy 2,200 41
Conectiv 2,600 40
Northeast Utilities 1,700 37
Minnesota Power 1,900 33
Western Resources 2,100 33
IDACORP 1,000 32
Kansas City Power & Light 1,300 29
Central Maine Power 900 26
Hawaiian Electric Industries 800 26
Sierra Pacific Resources 2,000 25
WPS Resources 800 24
79
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Shares/Par Value
--------------------------------------------------------------------------------
In thousands
Avista 1,100 $ 19
St. Joseph Light & Power 900 19
Public Service of New Mexico 1,200 18
Maine Public Service 900 18
Unisource Energy 1,200 18
United Illuminating 400 17
Cleco 500 17
El Paso Electric Company * 1,300 15
CH Energy Group 400 14
Thermo Ecotek * 1,300 12
Rodchester Gas & Electric 500 11
Baycorp Holdings * 1,200 10
Madison Gas & Electric 500 10
Black Hills 400 9
Otter Tail Power 400 8
Florida Public Utilities Company 400 6
-----------------
1,889
-----------------
Total Utilities 2,746
-----------------
MISCELLANEOUS 0.4%
Miscellaneous 0.4%
Crown Castle International * 3,300 120
Santa Fe Snyder * 4,600 52
Centillium Communications * 700 48
Cabot Microelectronics * 700 32
Sodexho Marriott Services 1,900 31
MeriStar Hospitality 1,200 25
Lynx Therapeutics * 500 24
Radio One * 1,000 22
C-Cube Microsystems * 800 16
Landair * 3,100 16
Vornado Operating * 1,335 10
Resource Asset Investment Trust, REIT 900 10
Philips International Realty, REIT 500 9
Gulf West Banks 840 7
80
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Shares/Par Value
--------------------------------------------------------------------------------------------
In thousands
<S> <C> <C>
Three Rivers Bancorp 500 $ 3
Procurenet * 600 0
--------------
Total Miscellaneous 425
--------------
Total Common Stocks (Cost $88,693) 92,552
--------------
SHORT-TERM INVESTMENTS 4.8%
U.S. Government Obligations 1.0%
United States Treasury Bills, 5.565 - 5.648%, 7/27/00 490,000 488
United States Treasury Bills, 5.755%, 8/10/00 500,000 497
--------------
985
--------------
Money Market Funds 3.8%
Reserve Investment Fund, 6.68% # 3,714,963 3,715
--------------
3,715
--------------
Total Short-Term Investments (Cost $4,700) 4,700
--------------
Total Investments in Securities
98.9% of Net Assets (Cost $93,393) $ 97,252
Futures Contracts
In thousands
</TABLE>
81
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Value
-------------------------------------------------------------------------------------------------------------
In thousands
Contract Unrealized
Expiration Value Gain (Loss)
----------------------------------------------
<S> <C> <C> <C> <C>
Long, 2 S & P Mid-Cap 400 Index contracts
$32,000 of U.S. Treasury Bills
pledged as initial margin 9/00 $ 488 $ (16)
Long, 3 Nasdaq 100 Index contracts
$111,000 of U.S. Treasury Bills
pledged as initial margin 9/00 1,145 20
Long, 15 Russell 2000 Index contracts
$273,000 of U.S. Treasury Bills
pledged as initial margin 9/00 3,920 (45)
Net payments (receipts) of variation
margin to date 100
-----------
Variation margin receivable
(payable) on open futures contracts 59
Other Assets Less Liabilities 1,020
-----------
NET ASSETS $98,331
===========
Net Assets Consist of:
Accumulated net investment income - net of distributions $ 318
Accumulated net realized gain/loss - net of distributions 3,911
Net unrealized gain (loss) 3,817
Paid-in-capital applicable to 6,990,046 shares of $0.0001 par
value capital stock outstanding; 1,000,000,000 shares of the
Coropration authorized 90,285
NET ASSETS $98,331
===========
NET ASSET VALUE PER SHARE $ 14.07
===========
</TABLE>
# Seven-day yield
* Non-income producing
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these financial statements.
82
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Unaudited
STATEMENT OF OPERATIONS
--------------------------------------------------------------------------------
In thousands
6 Months
Ended
6/30/00
Investment Income (Loss)
Income
Dividend $ 283
Interest 194
---------
Total income 477
---------
Expenses
Investment management and administrative 158
---------
Net investment income (loss) 319
---------
Realized and Unrealized Gain (Loss)
Net realized gain (loss)
Securities 2,607
Futures (5)
---------
Net realized gain (loss) 2,602
---------
Change in net unrealized gain or loss
Securities (5,007)
Futures (314)
---------
Change in net unrealized gain or loss (5,321)
---------
Net realized and unrealized gain (loss) (2,719)
---------
INCREASE (DECREASE) IN NET
ASSETS FROM OPERATIONS $(2,400)
=========
The accompanying notes are an integral part of these financial statements.
83
<PAGE>
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
Unaudited
STATEMENT OF CHANGES IN NET ASSETS
--------------------------------------------------------------------------------
In thousands
<TABLE>
<CAPTION>
6 Months Year
Ended Ended
6/30/00 12/31/99
<S> <C> <C>
Increase (Decrease) in Net Assets
Operations
Net investment income (loss) $ 319 $ 342
Net realized gain (loss) 2,602 2,513
Change in net unrealized gain or loss (5,321) 8,889
--------------------------
Increase (decrease) in net assets from operations (2,400) 11,744
--------------------------
Distributions to shareholders
Net investment income - (346)
Net realized gain - (1,833)
--------------------------
Decrease in net assets from distributions - (2,179)
--------------------------
Capital share transactions *
Shares sold 62,208 30,392
Distributions reinvested - 2,140
Shares redeemed (15,713) (8,627)
Redemption fees received 17 6
--------------------------
Increase (decrease) in net assets from capital
share transactions 46,512 23,911
--------------------------
Net Assets
Increase (decrease) during period 44,112 33,476
Beginning of period 54,219 20,743
--------------------------
End of period $ 98,331 $ 54,219
--------------------------
* Share information
Shares sold 4,284 2,538
Distributions reinvested - 166
Shares redeemed (1,152) (728)
--------------------------
Increase (decrease) in shares outstanding 3,132 1,976
</TABLE>
The accompanying notes are an integral part of these financial statements.
84
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T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
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Unaudited June 30, 2000
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 fund seeks to match the performance of the U.S. stocks not
included in the Standard & Poor's 500 Stock Index by investing primarily in a
group of small- and mid-cap stocks representative of the Wilshire 4500 Index.
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.
85
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T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
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
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 June 30, 2000, 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 $53,290,000 and $7,528,000, respectively, for the six
months ended June 30, 2000.
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, 2000, the cost of investments for federal income tax purposes was
substantially the same as for financial reporting and totaled $93,393,000. Net
86
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T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
--------------------------------------------------------------------------------
unrealized gain aggregated $3,859,000 at period-end, of which $17,578,000
related to appreciated investments and $13,719,000 to depreciated investments.
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, of which $65,000 was payable at June 30, 2000. 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, 2000, totaled
$182,000 and are reflected as interest income in the accompanying Statement of
Operations.
87
<PAGE>
For fund and account information Walk-In Investor Centers:
or to conduct transactions, For directions, call 1-800-225-5132
24 hours, 7 days a week or visit our Web site.
By touch-tone telephone
Tele*Access 1-800-638-2587
By Account Access on the Internet Baltimore Area
www.troweprice.com/access Downtown
101 East Lombard Street
For assistance Owings Mills
with your existing Three Financial Center
fund account, call: 4515 Painters Mill Road
Shareholder Service Center
1-800-225-5132 Boston Area
386 Washington Street
To open a brokerage account Wellesley
or obtain information, call:
1-800-638-5660 Colorado Springs
4410 ArrowsWest Drive
Internet address:
www.troweprice.com Los Angeles Area
Warner Center
Plan Account Lines for retirement 21800 Oxnard Street, Suite 270
plan participants: Woodland Hills
The appropriate 800 number appears
on your retirement account statement. Tampa
4200 West Cypress Street
T. Rowe Price Associates 10th Floor
100 East Pratt Street
Baltimore, Maryland 21202 Washington, D.C.
900 17th Street N.W.
This report is authorized for Farragut Square
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.
[T ROWE PRICE LOGO]
T. Rowe Price Investment Services, Inc., Distributor. F24-051 6/30/00
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