T. ROWE PRICE
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Media & Telecommunications Fund, Inc.
Supplement to prospectus dated May 1, 1999
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Effective immediately, the Portfolio Management paragraph on page 12 of the
prospectus will be replaced with the following:
Portfolio Management
The fund has an Investment Advisory Committee with the following members:
Robert N. Gensler, Chairman, Archana Basi, Giri Devulapally, Stephen Jensen,
Terral Jordan, and Robert Smith. The committee chairman has day-to-day
responsibility for managing the portfolio and works with the committee in
developing and executing the fund's investment program. Mr. Gensler was elected
chairman of the fund's committee in 2000. He joined T. Rowe Price as an
investment analyst in 1993.
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The date of this supplement is February 7, 2000.
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F21-041 2/7/00
<PAGE>
February 8, 2000
Laura J. Riegel, Esquire
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: T. Rowe Price Media & Telecommunications Fund, Inc.
File Nos.: 033-27963/811-07075
Dear Ms. Riegel:
In accordance with the provisions of Rule 497 of the Securities Act of 1933,
we are hereby filing the above-captioned Fund's sticker dated February 7,
2000.
The purpose of the sticker is to revise the Portfolio Management paragraph
on page 12 of the Prospectus
If you have any questions about this filing, please give me a call at
410-345-6601 or, in my absence, Melissa Hill at 410-345-6646.
Sincerely,
/s/Forrest R. Foss
Forrest R. Foss
