U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
T. Rowe Price Summit Funds, Inc.
100 East Pratt Street
Baltimore, MD 21202
2. The name of each series or class of securities
for which this Form is filed (If the Form is
being filed for all series and classes of
securities of the issuer, check the box but
do not list series or classes): /T/
3. Investment Company Act File Number: 811-7093
Securities Act File Number: 33-50319
4a. Last day of fiscal year for which this Form is filed:
October 31, 1998
4b. / / Check box if this Form is being filed
late (i.e., more than 90 calendar days after
the end of the issuer's fiscal year).
(See Instruction A.2.)
Note: If the Form is being filed late,
interest must be paid on the registration fee due.
4c. / / Check box if this is the last time the
issuer will be filing the Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year pursuant
to section 24(f): $3,040,566,331
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $2,431,571,174
(iii) Aggregate price of securities redeemed
or repurchased during any prior fiscal year
ending no earlier than October 11, 1995
that were not previously used to reduce
registration fees payable to the
Commission: $ -0-
(iv) Total available redemption credits
[add items 5(ii) and 5(iii)]: -$2,431,571,174
(v) Net sales - if Item 5(i) is greater
than Item 5(iv) [subtract Item 5(iv) from
Item 5(i): $608,995,157
(vi) Redemption credits available for use in future
years - if Item 5(I)is less than Item 5(iv)
[subtract Item 5(iv) from Item 5(I)]: ($ -0-)
(vii) Multiplier for determining registration fee (See
Instruction C.9: x .000278
(viii)Registration fee due [multiply Item 5(v)
by Item 5(vii)] (enter "0" if no fee is
due): $169,300.66
6. Prepaid Shares
If the response to Item 5(I) was determined
by deducting an amount of securities that were
registered under the Securities Act of 1933
pursuant to Rule 24e-2 as in effect before
October 11, 1997, then report the amount of
securities (number of shares or other units)
deducted here: -0- shares. If there is a
number of shares or other units that were
registered pursuant to Rule 24e-2 remaining
unsold at the end of the fiscal year for which
this form is filed that are available for use
by the issuer in future fiscal years, then
state that number here: -0-.
7. Interest due - if this Form is being
filed more than 90 days after the end
of the issuer's fiscal year (see
Instruction D): +$ -0-
8. Total of the amount of the registration
fee due plus any interest due [line 5(viii)
plus line 7]: $169,300.66
9. Date the registration fee and any interest
payment was sent to the Commission's lockbox
depository: on or about December 21, 1998
Method of delivery: Wire transfer
SIGNATURES
This report has been signed below by the following
persons on behalf of the issuer and in the
capacities and on the dates indicated.
Carmen F. Deyesu, Treasurer
December 21, 1998
