PRICE T ROWE EQUITY SERIES INC
N-8A, 1994-02-04
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                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549


                                  FORM N-8A


                        NOTIFICATION OF REGISTRATION
                    FILED PURSUANT TO SECTION 8(a) OF THE
                       INVESTMENT COMPANY ACT OF 1940



     The undersigned investment company hereby notifies the Securities and
Exchange Commission that it registers under and pursuant to the provisions of
Section 8(a) of the Investment Company Act of 1940 and in connection with such
notification of registration submits the following information:

__________________________________________________________________________


Name:        T. Rowe Price Equity Series, Inc.
__________________________________________________________________________


Address of Principal Business Office (No. & Street, City, State, Zip Code):

    100 East Pratt Street,           Baltimore, Maryland 21202
__________________________________________________________________________


Telephone Number (including area code):   (410) 547-2000
_______________________________________


Name and address of agent for service of process:

                         Henry Holt Hopkins, Esquire
__________________________________________________________________________


    100 East Pratt Street,      Baltimore, Maryland 21202
__________________________________________________________________________


Check Appropriate Box:

    Registrant is filing a Registration Statement pursuant to Section 8(b) of
    the Investment Company Act of 1940 concurrently with the filing of Form N-
    8A:

             YES  / X /              NO  /____/
__________________________________________________________________________

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                                 SIGNATURES


1.           Form of signature if registrant is an investment company having
             a board of directors:

             Pursuant to the requirements of the Investment Company Act of
             1940, the registrant has caused this notification of
             registration to be duly signed on its behalf in the city of
             Baltimore and State of Maryland on the 4th day of February,
             1994.



[SEAL]  Signature  T. ROWE PRICE EQUITY SERIES, INC.
                   __________________________________________________
                                    (Name of Registrant)


                      /s/ James S. Riepe
            By:       ___________________________________________________
                      James S. Riepe, Vice President and Director



        /s/Lenora V. Hornung
Attest: ______________________________
        Lenora V. Hornung

            Secretary
    ______________________________
             (Title)




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