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T. ROWE PRICE
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Short-Term U.S. Government Fund, Inc.
Supplement to prospectus dated October 1, 1998
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Effective immediately, the Portfolio Management paragraph on page 17 of the
prospectus will be replaced with the following:
Portfolio Management
The fund has an Investment Advisory Committee with the following members:
Connice A. Bavely, Chairman, James M. McDonald, Edmund M. Notzon, William T.
Reynolds, Daniel O. Shackelford, and Edward A. Wiese. The committee chairman
has day-to-day responsibility for managing the fund and works with the
committee in developing and executing the fund's investment program. Ms.
Bavely joined T. Rowe Price as a senior portfolio manager in 1998 and was
appointed chairman of the committee in 1999. Prior to joining T. Rowe Price,
Ms. Bavely was a partner and senior portfolio manager at Atlantic Asset
Management Partners, LLC for 6 years.
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The date of this supplement is July 1, 1999.
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F69-041 7/1/99
