NEW AGE MEDIA FUND INC
497, 1997-07-29
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July 29, 1997

Ruth Sanders, Esq.
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549

Re:  T. Rowe Price Media & Telecommunciations Fund, Inc.
     File Nos.: 333-27963/811-7075

Dear Ms. Sanders:

This letter will serve as our filing under provisions of Rule 497 of the
Securities Act of 1933. We are writing to inform you that there have been no
changes to the Fund's Prospectus and Statement of Additional Information that
were filed as part of Pre-Effective Amendment No. 1 on July 22, 1997. The
Prospectus and Statement of Additional Information went effective on July 25,
1997, at 5:00 p.m. These documents will be used for the offer and sale of Fund
shares.

Sincerely,

/s/Forrest R. Foss
Forrest R. Foss




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