T ROWE PRICE SUMMIT FUNDS INC
NSAR-A, 1997-06-30
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<PAGE>      PAGE  1
000 A000000 04/30/97
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   76
019 C00AA00 TROWEPRICE
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
<PAGE>      PAGE  2
020 C000010      0
021  000000        0
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001   1209159
022 D000001     86443
022 A000002 MORGAN JP SECURITIES INC.
022 B000002 13-3224016
022 C000002    818758
022 D000002     53687
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003    631657
022 D000003     56654
022 A000004 MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004    290098
022 D000004      7352
022 A000005 CS FIRST BOSTON CORP
022 B000005 13-5659485
022 C000005    237190
022 D000005     18622
022 A000006 BT SECURITIES CORP.
022 B000006 13-4941247
022 C000006    185560
022 D000006         0
022 A000007 CHASE SECURITIES, INC.
022 B000007 13-3112953
022 C000007    146475
022 D000007      7343
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008     97057
022 D000008      1522
022 A000009 CITICORP SECURITIES MARKET
022 B000009 13-3187336
022 C000009     70813
022 D000009      9999
022 A000010 DEUTSCHE, MORGAN,GRENFELL
022 B000010 13-2730828
022 C000010     52132
022 D000010         0
023 C000000    4288218
023 D000000     258128
049  00AA00 N
050  00AA00 N
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053 C00AA00 N
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  10
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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> 0000912028
<NAME> T.ROWE PRICE SUMMIT FUNDS, INC
       
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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 FUNDS, INC.
       
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000912028
<NAME> T.ROWE PRICE SUMMIT FUNDS, INC.
       
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<PER-SHARE-NII>                                    .33
<PER-SHARE-GAIN-APPREC>                          (.16)
<PER-SHARE-DIVIDEND>                               .33
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.49
<EXPENSE-RATIO>                                     .6
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

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