T. ROWE PRICE
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Value Fund, Inc.
Supplement to prospectus dated May 1, 1999
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The Board of Directors voted on February 9, 2000 to distribute the fund's
income dividends annually instead of quarterly. Consequently, effective
immediately, the paragraph entitled Income Dividends under Useful Information
on Distributions and Taxes on page 6 of the prospectus will be replaced with
the following:
Income Dividends
. The fund declares and pays dividends (if any) annually.
. A portion of the fund's dividends may be eligible for the 70% deduction for
dividends received by corporations.
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The date of this supplement is February 9, 2000.
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F07-041 2/09/00
February 9, 2000
Laura J. Riegel, Esquire
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: T. Rowe Price Value Fund, Inc.
File Nos.: 033-54963/811-07209
Dear Ms. Riegel:
In accordance with the provisions of Rule 497 of the Securities Act of 1933,
we are hereby filing the above-captioned Fund's sticker dated February 7,
2000.
The purpose of the sticker is to revise the Income Dividends paragraph
on page 6 of the Prospectus
If you have any questions about this filing, please give me a call at
410-345-6601 or, in my absence, Melissa Hill at 410-345-6646.
Sincerely,
/s/Forrest R. Foss
Forrest R. Foss
