May 4, 1998
Martha Platt, Esquire
Office of Insurance Products
Division of Investment Management
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: T. Rowe Price Equity Series, Inc.,
consisting of four separate portfolios:
T. Rowe Price Equity Income Portfolio
T. Rowe Price Mid-Cap Growth Portfolio
T. Rowe Price New America Growth Portfolio
T. Rowe Price Personal Strategy Balanced Portfolio
File Nos.: 033-52161/811-07143
Gentlemen:
This letter will serve as our filing under the provisions of
Rule 497 of the Securities Act of 1933. We are writing to inform
you that there have been no changes to the Funds' Prospectuses
and Statements of Additional Information that were filed under
Rule 485(b) as part of Post-Effective Amendment No. 10 on April
30, 1998. The Prospectuses and Statements of Additional
Information went effective automatically on May 1, 1998. These
documents will be used for the offer and sale of Fund shares.
Sincerely,
/s/Forrest R. Foss
Forrest R. Foss
