<PAGE> PAGE 1
000 B000000 05/31/98
000 C000000 0000923084
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 PERSONAL STRATEGY FUNDS, INC.
001 B000000 811-07173
001 C000000 4103452000
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
012 A00AA01 T. ROWE PRICE SERVICES, INC.
012 B00AA01 84-1079
012 C01AA01 BALTIMORE
012 C02AA01 MD
012 C03AA01 21202
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 86
019 C00AA00 TROWEPRICE
020 A000001 INVESTMENT TECHNOLOGY
020 B000001 95-4339369
020 C000001 82
020 A000002 NOMURA SECURITIES
020 B000002 13-2642206
020 C000002 35
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003 22
020 A000004 ROBERT FLEMING
020 B000004 13-3298866
020 C000004 16
020 A000005 INSTINET
020 B000005 13-3443395
<PAGE> PAGE 2
020 C000005 13
020 A000006 DRESDNER KLEINWORT BENSEN
020 B000006 13-3894311
020 C000006 7
020 A000007 BEAR STEARNS
020 B000007 13-3299429
020 C000007 7
020 A000008 MERRILL LYNCH
020 B000008 13-5674085
020 C000008 7
020 A000009 JPP EURO SECURITIES
020 B000009 FOREIGN
020 C000009 4
020 A000010 NEUBERGER AND BERMAN
020 B000010 13-5521970
020 C000010 4
021 000000 250
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 116214
022 D000001 12758
022 A000002 JP MORGAN
022 B000002 13-3224016
022 C000002 122269
022 D000002 1386
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 104147
022 D000003 15468
022 A000004 UBS SECURITIES
022 B000004 13-3873456
022 C000004 34354
022 D000004 24490
022 A000005 GMAC
022 B000005 38-0572512
022 C000005 56496
022 D000005 0
022 A000006 FIRST BOSTON
022 B000006 13-5659485
022 C000006 44580
022 D000006 3598
022 A000007 MERRILL LYNCH
022 B000007 13-5674085
022 C000007 19933
022 D000007 17566
022 A000008 BT/ALEX BROWN SECURITIES
022 B000008 13-3311934
022 C000008 30698
022 D000008 664
022 A000009 PRUDENTIAL SECURITIES
022 B000009 22-2347336
<PAGE> PAGE 3
022 C000009 27258
022 D000009 621
022 A000010 SALOMON BROTHERS
022 B000010 13-3082694
022 C000010 20038
022 D000010 7581
023 C000000 653455
023 D000000 94819
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 N/A
080 C00AA00 60000
081 A00AA00 Y
081 B00AA00 125
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
024 000100 N
028 A010100 5002
028 A020100 4874
028 A030100 0
028 A040100 6744
028 B010100 7734
028 B020100 0
028 B030100 0
028 B040100 4086
028 C010100 12182
028 C020100 0
028 C030100 0
028 C040100 5824
028 D010100 10174
028 D020100 2164
028 D030100 0
028 D040100 7963
028 E010100 15439
028 E020100 0
028 E030100 0
028 E040100 6508
028 F010100 9446
028 F020100 0
028 F030100 0
028 F040100 6597
028 G010100 59977
028 G020100 7038
<PAGE> PAGE 4
028 G030100 0
028 G040100 37722
028 H000100 0
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
071 A000100 190615
071 B000100 112732
071 C000100 271557
071 D000100 42
072 A000100 12
072 B000100 8633
072 C000100 2978
072 D000100 0
072 E000100 0
072 F000100 1741
072 G000100 0
072 H000100 0
072 I000100 883
072 J000100 70
072 K000100 13
072 L000100 53
072 M000100 7
072 N000100 68
072 O000100 0
072 P000100 0
072 Q000100 82
072 R000100 11
072 S000100 3
072 T000100 0
072 U000100 9
072 V000100 0
<PAGE> PAGE 5
072 W000100 4
072 X000100 2944
072 Y000100 0
072 Z000100 8667
072AA000100 12398
072BB000100 0
072CC010100 26365
072CC020100 0
072DD010100 8060
072DD020100 0
072EE000100 5729
073 A010100 0.4500
073 A020100 0.0000
073 B000100 0.3500
073 C000100 0.0000
074 A000100 706
074 B000100 0
074 C000100 12124
074 D000100 125890
074 E000100 0
074 F000100 189042
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1663
074 K000100 0
074 L000100 26552
074 M000100 41
074 N000100 356018
074 O000100 3203
074 P000100 75
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 24384
074 S000100 0
074 T000100 328356
074 U010100 20673
074 U020100 0
074 V010100 15.88
074 V020100 0.00
074 W000100 0.0000
074 X000100 4420
074 Y000100 0
075 A000100 0
075 B000100 280398
076 000100 0.00
024 000200 N
028 A010200 3748
028 A020200 2621
<PAGE> PAGE 6
028 A030200 0
028 A040200 3710
028 B010200 5583
028 B020200 0
028 B030200 0
028 B040200 2350
028 C010200 8226
028 C020200 0
028 C030200 0
028 C040200 2354
028 D010200 7074
028 D020200 0
028 D030200 0
028 D040200 3161
028 E010200 26029
028 E020200 0
028 E030200 0
028 E040200 3095
028 F010200 7458
028 F020200 0
028 F030200 0
028 F040200 3862
028 G010200 58118
028 G020200 2621
028 G030200 0
028 G040200 18532
028 H000200 0
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
071 A000200 93833
071 B000200 32254
071 C000200 96925
071 D000200 33
072 A000200 12
072 B000200 1890
<PAGE> PAGE 7
072 C000200 1370
072 D000200 0
072 E000200 0
072 F000200 514
072 G000200 0
072 H000200 0
072 I000200 335
072 J000200 49
072 K000200 13
072 L000200 36
072 M000200 6
072 N000200 48
072 O000200 0
072 P000200 0
072 Q000200 78
072 R000200 10
072 S000200 3
072 T000200 0
072 U000200 9
072 V000200 0
072 W000200 4
072 X000200 1105
072 Y000200 0
072 Z000200 2155
072AA000200 3643
072BB000200 0
072CC010200 12554
072CC020200 0
072DD010200 1529
072DD020200 0
072EE000200 1117
073 A010200 0.2600
073 A020200 0.0000
073 B000200 0.1900
073 C000200 0.0000
074 A000200 93
074 B000200 0
074 C000200 5174
074 D000200 35642
074 E000200 0
074 F000200 108077
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 155
074 K000200 0
074 L000200 11113
074 M000200 33
074 N000200 160287
074 O000200 2469
074 P000200 34
<PAGE> PAGE 8
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 10437
074 S000200 0
074 T000200 147347
074 U010200 8163
074 U020200 0
074 V010200 18.05
074 V020200 0.00
074 W000200 0.0000
074 X000200 4730
074 Y000200 0
075 A000200 0
075 B000200 100418
076 000200 0.00
024 000300 N
028 A010300 2571
028 A020300 2043
028 A030300 0
028 A040300 1894
028 B010300 6975
028 B020300 0
028 B030300 0
028 B040300 2388
028 C010300 4455
028 C020300 637
028 C030300 0
028 C040300 3512
028 D010300 5898
028 D020300 0
028 D030300 0
028 D040300 2213
028 E010300 7000
028 E020300 0
028 E030300 0
028 E040300 3055
028 F010300 6266
028 F020300 0
028 F030300 0
028 F040300 4288
028 G010300 33165
028 G020300 2680
028 G030300 0
028 G040300 17350
028 H000300 0
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
<PAGE> PAGE 9
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 46961
071 B000300 17324
071 C000300 56140
071 D000300 31
072 A000300 12
072 B000300 2789
072 C000300 466
072 D000300 0
072 E000300 0
072 F000300 206
072 G000300 0
072 H000300 0
072 I000300 177
072 J000300 44
072 K000300 10
072 L000300 24
072 M000300 6
072 N000300 39
072 O000300 0
072 P000300 0
072 Q000300 78
072 R000300 10
072 S000300 3
072 T000300 0
072 U000300 8
072 V000300 0
072 W000300 4
072 X000300 609
072 Y000300 0
072 Z000300 2646
072AA000300 2006
072BB000300 0
072CC010300 4846
072CC020300 0
072DD010300 2388
072DD020300 0
072EE000300 1446
<PAGE> PAGE 10
073 A010300 0.5000
073 A020300 0.0000
073 B000300 0.2800
073 C000300 0.0000
074 A000300 387
074 B000300 0
074 C000300 8851
074 D000300 42504
074 E000300 0
074 F000300 33447
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 60
074 K000300 0
074 L000300 6046
074 M000300 32
074 N000300 91327
074 O000300 328
074 P000300 21
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 5080
074 S000300 0
074 T000300 85898
074 U010300 6541
074 U020300 0
074 V010300 13.13
074 V020300 0.00
074 W000300 0.0000
074 X000300 1756
074 Y000300 0
075 A000300 0
075 B000300 64054
076 000300 0.00
SIGNATURE JIM RIEPE
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923084
<NAME> TRP PERSONAL STRATEGY FUNDS
<SERIES>
<NUMBER> 1
<NAME> TRP PERSONAL STRATEGY BALANCED FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1998
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 282330
<INVESTMENTS-AT-VALUE> 327056
<RECEIVABLES> 28215
<ASSETS-OTHER> 747
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 356018
<PAYABLE-FOR-SECURITIES> 3203
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24459
<TOTAL-LIABILITIES> 27662
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 271925
<SHARES-COMMON-STOCK> 20673
<SHARES-COMMON-PRIOR> 14638
<ACCUMULATED-NII-CURRENT> 1788
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9939
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44704
<NET-ASSETS> 328356
<DIVIDEND-INCOME> 2978
<INTEREST-INCOME> 8633
<OTHER-INCOME> 0
<EXPENSES-NET> 2944
<NET-INVESTMENT-INCOME> 8667
<REALIZED-GAINS-CURRENT> 12398
<APPREC-INCREASE-CURRENT> 26365
<NET-CHANGE-FROM-OPS> 47430
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8060)
<DISTRIBUTIONS-OF-GAINS> (5729)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9497
<NUMBER-OF-SHARES-REDEEMED> (4395)
<SHARES-REINVESTED> 933
<NET-CHANGE-IN-ASSETS> 122473
<ACCUMULATED-NII-PRIOR> 1173
<ACCUMULATED-GAINS-PRIOR> 3270
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1685
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2944
<AVERAGE-NET-ASSETS> 280398
<PER-SHARE-NAV-BEGIN> 14.07
<PER-SHARE-NII> .46
<PER-SHARE-GAIN-APPREC> 2.15
<PER-SHARE-DIVIDEND> (.45)
<PER-SHARE-DISTRIBUTIONS> (.35)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.88
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923084
<NAME> TRP PERSONAL STRATEGY FUNDS
<SERIES>
<NUMBER> 3
<NAME> TRP PERSONAL STRATEGY INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1998
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 76460
<INVESTMENTS-AT-VALUE> 84802
<RECEIVABLES> 6106
<ASSETS-OTHER> 419
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 91327
<PAYABLE-FOR-SECURITIES> 328
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5101
<TOTAL-LIABILITIES> 5429
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75634
<SHARES-COMMON-STOCK> 6541
<SHARES-COMMON-PRIOR> 3705
<ACCUMULATED-NII-CURRENT> 579
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1355
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8330
<NET-ASSETS> 85898
<DIVIDEND-INCOME> 466
<INTEREST-INCOME> 2789
<OTHER-INCOME> 0
<EXPENSES-NET> 609
<NET-INVESTMENT-INCOME> 2646
<REALIZED-GAINS-CURRENT> 2006
<APPREC-INCREASE-CURRENT> 4846
<NET-CHANGE-FROM-OPS> 9498
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2388)
<DISTRIBUTIONS-OF-GAINS> (1446)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4819
<NUMBER-OF-SHARES-REDEEMED> (2278)
<SHARES-REINVESTED> 295
<NET-CHANGE-IN-ASSETS> 41530
<ACCUMULATED-NII-PRIOR> 364
<ACCUMULATED-GAINS-PRIOR> 795
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 206
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 609
<AVERAGE-NET-ASSETS> 64054
<PER-SHARE-NAV-BEGIN> 11.98
<PER-SHARE-NII> .50
<PER-SHARE-GAIN-APPREC> 1.43
<PER-SHARE-DIVIDEND> (.50)
<PER-SHARE-DISTRIBUTIONS> (.28)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.13
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923084
<NAME> TRP PERSONAL STRATEGY FUNDS
<SERIES>
<NUMBER> 2
<NAME> TRP PERSONAL STRATEGY GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1998
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 128140
<INVESTMENTS-AT-VALUE> 148893
<RECEIVABLES> 11268
<ASSETS-OTHER> 126
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 160287
<PAYABLE-FOR-SECURITIES> 2469
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10471
<TOTAL-LIABILITIES> 12940
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122681
<SHARES-COMMON-STOCK> 8163
<SHARES-COMMON-PRIOR> 1823
<ACCUMULATED-NII-CURRENT> 1079
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2838
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20749
<NET-ASSETS> 147347
<DIVIDEND-INCOME> 1370
<INTEREST-INCOME> 1890
<OTHER-INCOME> 0
<EXPENSES-NET> 1105
<NET-INVESTMENT-INCOME> 2155
<REALIZED-GAINS-CURRENT> 3643
<APPREC-INCREASE-CURRENT> 12554
<NET-CHANGE-FROM-OPS> 18352
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1529)
<DISTRIBUTIONS-OF-GAINS> (1117)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5091
<NUMBER-OF-SHARES-REDEEMED> (1534)
<SHARES-REINVESTED> 160
<NET-CHANGE-IN-ASSETS> 79795
<ACCUMULATED-NII-PRIOR> 444
<ACCUMULATED-GAINS-PRIOR> 312
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 514
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1105
<AVERAGE-NET-ASSETS> 100418
<PER-SHARE-NAV-BEGIN> 15.20
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> 3.01
<PER-SHARE-DIVIDEND> (.26)
<PER-SHARE-DISTRIBUTIONS> (.19)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.05
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>