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T. ROWE PRICE
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SUMMIT FUNDS, INC.
LIMITED-TERM BOND FUND
Supplement to Prospectus dated October 29, 1993, revised to
January 3, 1995
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Effective January 3, 1995, the paragraph entitled Portfolio
Management on page 12 of the Prospectus in the section entitled
"The Fund's Organization and Management", will be replaced with
the following paragraph:
Portfolio Management. The fund has an Investment Advisory
Committee composed of the following members: Edward A.
Wiese, Chairman, Robert P. Campbell, Christy M. DePietro,
Thomas E. Tewksbury, and Mark J. Vaselkiv. 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. Mr. Wiese has been Chairman of
the Committee since 1995. He joined T. Rowe Price in 1984
and has been managing investments since 1985.
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The date of this Supplement is January 13, 1995.
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