T ROWE PRICE SUMMIT FUNDS INC
NSAR-B, 1997-12-30
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<PAGE>      PAGE  1
000 B000000 10/31/97
000 C000000 0000912028
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T.ROWE PRICE SUMMIT FUNDS, INC.
001 B000000 811-7093
001 C000000 4105472000
002 A000000 100 EAST PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 T. ROWE PRICE SUMMIT CASH RESERVES FUND
007 C030100 N
007 C010200  2
007 C020200 T. ROWE PRICE SUMMIT GNMA FUND
007 C030200 N
007 C010300  3
007 C020300 T. ROWE PRICE SUMMIT LIMITED-TERM BOND FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   80
019 C00AA00 TROWEPRICE
020 A000001 SMITH BARNEY, INC.
020 B000001 13-1912900
020 C000001      1
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002      1
020 C000003      0
020 C000004      0
020 C000005      0
<PAGE>      PAGE  2
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        2
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001   2796973
022 D000001    173071
022 A000002 MORGAN JP SECURITIES INC.
022 B000002 13-3224016
022 C000002   1829704
022 D000002     63838
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003   1618346
022 D000003     94667
022 A000004 CHASE SECURITIES, INC.
022 B000004 13-3112953
022 C000004    519296
022 D000004     64817
022 A000005 CS FIRST BOSTON CORP
022 B000005 13-5659485
022 C000005    684368
022 D000005     36571
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006    565172
022 D000006      9040
022 A000007 BT SECURITIES, CORP.
022 B000007 13-4941247
022 C000007    335658
022 D000007         0
022 A000008 CITICORP SECURITIES MARKET
022 B000008 13-3187336
022 C000008    147626
022 D000008     29974
022 A000009 MORGAN STANLEY & CO., INC.
022 B000009 13-2655998
022 C000009    154016
022 D000009      2031
022 A000010 DEUTSCHE, MORGAN,GRENFELL
022 B000010 13-2730828
022 C000010    149901
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023 C000000   10017132
023 D000000     519486
077 A000000 Y
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<PAGE>      PAGE  3
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
070 L020200 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
070 H020300 N
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SIGNATURE   JIM RIEPE                                    
TITLE       VICE PRESIDENT      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000912029
<NAME> T.ROWE PRICE SUMMIT CASH RESERVES FUND
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000912028
<NAME> T.ROWE PRICE SUMMIT GNMA FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000912028
<NAME> T.ROWE PRICE SUMMIT LIMITED-TERM BOND FUND
       
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