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T. ROWE PRICE
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Corporate Income Fund, Inc.
Supplement to prospectus dated October 1, 1996.
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The Following sentences will be added at the end of the footnote in
Table 1 under Transaction and Fund Expenses on page 2 of the prospectus.
Effective June 1, 1997, T. Rowe Price agreed to extend the existing
expense limitation of 0.80% for a period of two years from June 1, 1997,
through May 31, 1999. Fees waived or expenses paid or assumed under this
agreement are subject to reimbursement to T. Rowe Price by the Fund
whenever the Fund's expense ratio is below 0.80%; however, no
reimbursement will be made after May 31, 2001, or if it would result in
the expense ratio exceeding 0.80%.
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The date of this supplement is June 1, 1997.
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F03-041 6/1/9
