Item 1. Report to Shareholders
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
June 30, 2004
Certified Semiannual Report
This report is certified under the Sarbanes-Oxley Act of 2002, which requires
that public companies, including mutual funds, affirm that the information
provided in their annual and semiannual shareholder reports fully and fairly
represents their financial position.
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited)
FINANCIAL HIGHLIGHTS For a share outstanding throughout each period
- --------------------------------------------------------------------------------
6 Months Year
Ended Ended
6/30/04 12/31/03 12/31/02 12/31/01 12/31/00 12/31/99
NET ASSET VALUE
Beginning of
period $ 11.55 $ 8.91 $ 11.44 $ 13.02 $ 14.77 $ 12.19
Investment
activities
Net investment
income (loss) 0.06 0.12 0.11 0.11 0.12 0.12
Net realized
and unrealized
gain (loss) 0.37 2.64 (2.53) (1.57) (1.64) 2.69
Total from
investment
activities 0.43 2.76 (2.42) (1.46) (1.52) 2.81
Distributions
Net investment
income - (0.12) (0.11) (0.11) (0.11) (0.11)
Net realized
gain - - - (0.01) (0.12) (0.12)
Total
distributions - (0.12) (0.11) (0.12) (0.23) (0.23)
NET ASSET VALUE
End of period $ 11.98 $ 11.55 $ 8.91 $ 11.44 $ 13.02 $ 14.77
--------------------------------------------------------------
Ratios/
Supplemental
Data
Total return^ 3.72% 31.02% (21.16)% (11.20)% (10.33)% 23.25%
Ratio of total
expenses to
average net assets 0.40%! 0.40% 0.40% 0.40% 0.40% 0.40%
Ratio of net
investment
income (loss)
to average
net assets 1.10%! 1.28% 1.13% 0.98% 0.85% 0.98%
Portfolio
turnover
rate 3.9%! 2.3% 5.6% 8.6% 7.6% 3.2%
Net assets,
end of period
(in thousands) $ 324,852 $ 293,967 $ 167,680 $ 197,775 $ 206,058 $ 199,427
^ Total return reflects the rate that an investor would have earned on an
investment in the fund during the period, assuming reinvestment of all
distributions and payment of no redemption or account fees.
! Annualized
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
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Certified Semiannual Report (Unaudited) June 30, 2004
PORTFOLIO OF INVESTMENTS (1) Shares/$ Par Value
- --------------------------------------------------------------------------------
(Cost and value in $ 000s)
COMMON STOCKS 98.0%
CONSUMER DISCRETIONARY 12.5%
Auto Components 0.3%
Johnson Controls 4,200 224
Delphi 14,314 153
Lear 1,700 100
Dana 4,000 79
Gentex 1,900 75
Borg-Warner 1,600 70
Visteon 5,086 59
Modine Manufacturing 1,700 54
American Axle & Manufacturing Holdings 1,300 47
Cooper Tire 2,000 46
Goodyear Tire & Rubber *(ss.) 4,600 42
Arvinmeritor 1,900 37
Bandag Inc. 800 36
Standard Motor Products (ss.) 2,000 30
Rockford Corporation *(ss.) 2,900 13
Tower Automotive *(ss.) 2,800 10
1,075
Automobiles 0.6%
Ford Motor 43,261 677
GM (ss.) 13,052 608
Harley-Davidson 7,000 434
Winnebago (ss.) 1,800 67
Fleetwood * 2,900 42
Thor Industries 1,000 34
1,862
Distributors 0.1%
Genuine Parts 4,700 187
Handleman 1,900 44
Noland (ss.) 400 17
248
Hotels, Restaurants & Leisure 1.7%
McDonald's 30,200 785
Carnival 14,100 663
Starbucks * 9,300 404
International Game Technology 7,600 293
Marriott, Class A 5,600 279
Yum! Brands * 7,400 275
Starwood Hotels & Resorts Worldwide,
Class B, REIT 5,200 233
Royal Caribbean Cruises (ss.) 4,700 204
MGM Mirage * 3,800 178
Hilton 8,372 156
Harrah's Entertainment 2,600 141
Caesars Entertainment * 7,900 119
Mandalay Resort Group 1,600 110
Station Casinos 2,200 107
Wendy's 2,600 91
Choice Hotels International * 1,800 90
Brinker * 2,550 87
Darden Restaurants 3,800 78
Wynn Resorts *(ss.) 1,900 73
GTECH (ss.) 1,500 69
Outback Steakhouse 1,600 66
International Speedway, Class A 1,200 58
Ruby Tuesday 1,800 49
Multimedia Games *(ss.) 1,800 48
Cedar Fair L. P. (ss.) 1,500 47
Gaylord Entertainment *(ss.) 1,500 47
WMS Industries *(ss.) 1,500 45
Speedway Motorsports (ss.) 1,300 44
Applebee's 1,837 42
Jack In The Box * 1,400 42
The Cheesecake Factory *(ss.) 1,000 40
PF Chang's China Bistro *(ss.) 900 37
Ryans Restaurant * 2,300 36
Bob Evans Farms 1,300 36
Cracker Barrel 1,100 34
Boca Resorts *(ss.) 1,700 34
triarc, Class B, Series 1 (ss.) 3,300 34
John Q. Hammons Hotels * 3,500 33
Landry's Seafood Restaurant 1,100 33
Papa John's International *(ss.) 1,000 30
Lone Star Steakhouse & Saloon 1,000 27
Krispy Kreme *(ss.) 1,400 27
CEC Entertainment * 900 27
Prime Hospitality * 2,500 27
MTR Gaming Group *(ss.) 2,300 25
Panera Bread, Class A *(ss.) 700 25
Vail Resorts * 1,000 19
Six Flags *(ss.) 2,500 18
5,465
Household Durables 0.9%
Fortune Brands 3,100 234
Newell Rubbermaid 7,476 176
Harman International 1,900 173
D. R. Horton 5,770 164
Lennar, Class A 3,500 156
Pulte 2,800 146
Centex 3,000 137
Leggett & Platt 4,900 131
Mohawk Industries * 1,531 112
Black & Decker 1,700 106
Whirlpool 1,500 103
NVR *(ss.) 200 97
Stanley Works 2,100 96
Toll Brothers *(ss.) 1,900 80
KB Home 1,100 75
Tupperware 3,500 68
Hovnanian Enterprises * 1,800 62
Helen of Troy Limited *(ss.) 1,500 55
Maytag 2,200 54
Snap-On 1,600 54
Furniture Brands International 2,100 53
Standard Pacific 1,000 49
Ryland Group 600 47
Blyth Industries 1,300 45
MDC Holdings 704 45
Kimball International 3,000 44
Meritage *(ss.) 600 41
Stanley Furniture 900 38
American Greetings, Class A * 1,500 35
Skyline 800 32
Ethan Allen Interiors (ss.) 800 29
Champion Enterprises *(ss.) 3,100 28
La-Z Boy (ss.) 1,500 27
Knape & Vogt Manufacturing 1,600 21
Russ Berrie 1,000 19
Cavco Industries * 270 11
Brillian Corp *(ss.) 750 6
2,849
Internet & Catalog Retail 0.6%
eBay * 15,100 1,388
Amazon.com * 9,300 506
Netflix *(ss.) 2,100 76
J. Jill Group *(ss.) 1,400 33
Insight Enterprises * 1,350 24
priceline.com *(ss.) 750 20
ValueVision International * 1,400 18
2,065
Leisure Equipment & Products 0.3%
Mattel 10,900 199
Eastman Kodak 6,900 186
Brunswick 2,000 82
Hasbro 4,000 76
SCP Pool 1,637 74
Polaris Industries (ss.) 1,300 62
K2 *(ss.) 2,834 44
Boyds Collection *(ss.) 10,100 34
Arctic Cat 1,200 33
Nautilus Group (ss.) 1,675 33
Callaway Golf (ss.) 2,500 28
Oakley (ss.) 1,900 25
Action Performance (ss.) 800 12
888
Media 4.1%
Time Warner * 104,120 1,830
Comcast, Class A * 52,094 1,460
Viacom, Class B 40,558 1,449
Disney 48,200 1,229
Liberty Media, Class A * 63,600 572
Directv * 31,750 543
Gannett 6,000 509
Clear Channel Communications 13,701 506
Cox Communications * 13,100 364
Tribune 7,522 343
McGraw-Hill 4,300 329
Omnicom 4,200 319
Fox Entertainment Group * 9,600 256
Univision Communications, Class A *(ss.) 7,840 250
Scripps, Class A 2,000 210
Washington Post, Class B 220 205
EchoStar Communications, Class A * 5,500 169
New York Times, Class A 3,700 165
Interpublic Group * 10,212 140
XM Satellite Radio Holdings, Class A *(ss.) 5,000 136
Knight-Ridder 1,700 122
Liberty Media, Series A * 3,020 112
Sirius Satellite Radio *(ss.) 35,900 111
Cablevision Systems, Class A *(ss.) 4,700 92
Lamar Advertising * 1,900 82
PanAmSat *(ss.) 3,500 81
Getty Images * 1,300 78
Dow Jones 1,700 77
Pixar *(ss.) 1,100 77
McClatchy 1,000 70
Grey Advertising 70 69
John Wiley & Sons 2,100 67
Hollinger International (ss.) 3,900 66
Metro Goldwyn Mayer *(ss.) 5,100 62
Meredith 1,100 61
Interactive Data * 3,100 54
Radio One * 3,300 53
Westwood One * 2,200 52
Belo Corporation 1,900 51
Information Holdings * 1,700 47
Hearst-Argyle Television 1,800 46
Harte-Hanks 1,900 46
Media General 700 45
Entercom Communications * 1,200 45
Journal Register * 2,200 44
Valassis Communications * 1,400 43
Gemstar TV Guide *(ss.) 8,500 41
Charter Communications *(ss.) 10,400 41
Lee Enterprises 800 38
ADVO 1,150 38
ProQuest *(ss.) 1,300 35
Cumulus Media, Class A * 2,106 35
Gray Communications System 2,500 35
Reader's Digest, Class A 2,100 34
R.H. Donnelley *(ss.) 740 32
Arbitron * 880 32
Cox Radio, Class A * 1,700 30
Liberty 600 28
Spanish Broadcasting, Class A * 2,600 24
Scholastic * 800 24
4Kids Entertainment *(ss.) 1,000 24
Primedia * 8,600 24
Emmis Communications, Class A * 1,100 23
Regent Communications * 3,600 22
Catalina Marketing *(ss.) 1,200 22
Regal Entertainment Group (ss.) 1,200 22
AMC Entertainment * 1,300 20
TiVo *(ss.) 2,800 20
Insight Communications, Class A *(ss.) 2,000 19
Mediacom Communications *(ss.) 1,800 14
Entravision Communications * 1,800 14
Paxson Communications *(ss.) 4,000 13
13,441
Multiline Retail 0.9%
Target 21,200 900
Kohl's * 8,200 347
J.C. Penney 5,800 219
Sears 5,700 215
Federated Department Stores 4,000 196
May Department Stores 6,350 174
Kmart *(ss.) 2,400 172
Dollar General 7,450 146
Nordstrom 3,300 141
Family Dollar Stores 4,100 125
Dollar Tree Stores * 2,500 69
Dillards, Class A 2,700 60
Neiman Marcus, Class A 1,000 56
Tuesday Morning * 1,900 55
Saks 2,975 45
Big Lots * 2,600 38
99 Cents Only Stores *(ss.) 1,600 24
Shopko Stores *(ss.) 1,200 17
2,999
Specialty Retail 2.5%
Home Depot 52,750 1,857
Lowe's 18,600 977
GAP 20,650 501
Best Buy 7,300 370
Staples 11,450 336
TJX 11,600 280
Bed Bath & Beyond * 7,100 273
The Limited 11,355 212
AutoZone * 2,500 200
Office Depot * 8,400 150
Sherwin-Williams 3,000 125
PETsMART 3,800 123
Tiffany 3,300 122
Chico's * 2,600 117
RadioShack 4,100 117
Weight Watchers *(ss.) 2,700 106
Autonation * 6,000 103
Ross Stores 3,600 96
Urban Outfitters *(ss.) 1,500 91
Williams-Sonoma * 2,600 86
Michaels Stores 1,500 83
Abercrombie & Fitch 2,116 82
Toys "R" Us * 5,100 81
Boise Cascade (ss.) 2,122 80
Foot Locker 3,200 78
Advanced Auto Parts * 1,600 71
CarMax * 3,129 68
Claire's Stores 2,800 61
Circuit City Stores 4,600 60
Barnes & Noble * 1,700 58
Rent-A-Center * 1,900 57
O'Reilly Automotive *(ss.) 1,200 54
Borders Group 2,300 54
Talbots 1,300 51
Pep Boys 2,000 51
American Eagle Outfitters * 1,650 48
Hibbett Sporting Goods *(ss.) 1,575 43
Regis 900 40
Hot Topic * 1,950 40
bebe stores *(ss.) 1,950 39
Zale * 1,400 38
Christopher & Banks 2,100 37
Guitar Center * 800 36
Pier 1 Imports 2,000 35
West Marine *(ss.) 1,300 35
Pacific Sunwear * 1,725 34
Group One Automotive *(ss.) 1,000 33
Blockbuster (ss.) 2,000 30
Linens 'n Things * 1,000 29
Cost Plus * 900 29
Men's Wearhouse * 1,000 26
Electronics Boutique Holdings *(ss.) 1,000 26
Genesco *(ss.) 1,100 26
Hollywood Entertainment * 1,900 25
Burlington Coat Factory 1,300 25
The Sports Authority *(ss.) 692 25
Payless Shoesource * 1,506 22
Deb Shops (ss.) 900 22
Charming Shoppes * 2,400 21
Shoe Pavilion * 8,100 20
Gymboree * 1,300 20
The Children's Place *(ss.) 800 19
Harvey Electronics * 13,700 17
Movie Gallery (ss.) 800 16
Too *(ss.) 757 13
United Retail Group *(ss.) 4,100 11
Tweeter Home Entertainment Group * 1,600 9
Ultimate Electronics *(ss.) 1,000 5
8,125
Textiles, Apparel, & Luxury Goods 0.5%
Nike, Class B 6,100 462
Coach * 4,900 222
Jones Apparel Group 3,600 142
V.F. 2,400 117
Liz Claiborne 2,900 104
Reebok 1,900 68
Columbia Sportswear * 1,100 60
Polo Ralph Lauren 1,700 59
Timberland, Class A * 900 58
Kellwood 1,000 44
K-Swiss (ss.) 2,000 41
Deckers Outdoor *(ss.) 1,300 38
Movado Group 2,200 38
Quiksilver * 1,400 33
Russell 1,800 32
Rocky Shoes & Boots *(ss.) 1,300 31
Tarrant Apparel *(ss.) 14,100 20
Forward Industries * 5,600 15
Unifi * 4,100 12
Marisa Christina *(ss.) 8,900 11
Culp *(ss.) 1,300 10
Superior Uniform Group 200 3
1,620
Total Consumer Discretionary 40,637
CONSUMER STAPLES 9.3%
Beverages 2.1%
Coca-Cola 57,100 2,882
PepsiCo 40,270 2,170
Anheuser-Busch 19,200 1,037
Coca-Cola Enterprises 10,900 316
Pepsi Bottling Group 6,100 186
Brown-Forman, Class B 2,500 121
Constellation Brands * 2,300 85
PepsiAmericas 3,100 66
Coors, Class B (ss.) 800 58
Robert Mondavi *(ss.) 700 26
Todhunter International * 1,400 19
6,966
Food & Staples Retailing 2.8%
Wal-Mart 100,500 5,302
Walgreen 24,300 880
Sysco 14,000 502
Costco Wholesale 10,800 444
CVS 9,400 395
Kroger * 17,000 309
Albertson's (ss.) 9,290 247
Safeway * 9,600 243
Whole Foods Market 1,700 162
Supervalu 2,700 83
United Natural Foods * 2,200 64
Rite Aid * 12,100 63
BJ's Wholesale Club * 2,400 60
Weis Markets (ss.) 1,300 46
Ruddick 1,700 38
Pantry, Inc. *(ss.) 1,400 30
Performance Food Group *(ss.) 1,100 29
Longs Drug Stores (ss.) 1,200 29
Winn-Dixie (ss.) 3,700 27
Great Atlantic & Pacific Tea Company *(ss.) 3,300 25
Duane Reade * 1,500 24
Topps (ss.) 2,400 23
Marsh Supermarkets (ss.) 500 7
9,032
Food Products 1.4%
Sara Lee 18,800 432
General Mills 8,600 409
Kellogg 9,500 398
Wrigley 5,300 334
ConAgra 12,308 333
Heinz 7,800 306
Hershey Foods 6,400 296
Campbell Soup 9,300 250
Archer-Daniels-Midland 14,872 250
Kraft Foods 6,300 200
Tyson Foods 8,154 171
Hormel Foods 4,100 128
Dean Foods * 3,379 126
McCormick 3,100 105
Bunge Limited (ss.) 2,500 97
Smithfield Foods * 2,400 71
Pilgrim's Pride (ss.) 2,400 69
J.M. Smucker Company 1,416 65
Flowers Foods 1,985 52
Corn Products International (ss.) 1,100 51
Alico (ss.) 1,100 44
Del Monte Foods * 4,311 44
Tootsie Roll Industries 1,295 42
Fresh Del Monte Produce (ss.) 1,500 38
Lance 2,300 35
Delta Pine & Land 1,600 35
Lancaster Colony 800 33
American Italian Pasta, Class A (ss.) 900 27
Hain Celestial Group * 1,400 25
Tasty Baking 2,200 21
Interstate Bakeries 1,800 20
Galaxy Nutritional Foods * 4,500 10
4,517
Household Products 1.6%
Procter & Gamble 59,800 3,256
Kimberly-Clark 11,700 771
Colgate-Palmolive 12,800 748
Clorox 4,800 258
Energizer * 1,800 81
5,114
Personal Products 0.6%
Gillette 23,200 984
Avon Products 11,600 535
Estee Lauder, Class A 2,800 136
Alberto Culver, Class B 1,800 90
NBTY * 2,200 65
Del Laboratories 1,557 48
Elizabeth Arden * 1,800 38
Chattem * 1,200 35
Playtex Products * 3,400 27
1,958
Tobacco 0.8%
Altria Group 46,800 2,342
UST 4,400 158
R.J. Reynolds Tobacco (ss.) 1,933 131
Vector Group (ss.) 3,125 49
Universal Corporation 500 26
DiMon (ss.) 2,000 12
2,718
Total Consumer Staples 30,305
ENERGY 6.2%
Energy Equipment & Services 1.1%
Schlumberger 13,172 837
Halliburton 9,900 300
Baker Hughes 7,400 279
Transocean, Class C * 7,625 221
BJ Services * 4,300 197
GlobalSantaFe 5,696 151
Smith International * 2,700 151
Nabors Industries * 3,130 141
Weatherford International * 3,000 135
Noble Drilling * 2,900 110
ENSCO International 3,200 93
Patterson-UTI Energy 2,500 83
Grant Prideco * 3,500 65
Diamond Offshore Drilling (ss.) 2,700 64
Rowan * 2,600 63
National Oilwell * 1,800 57
Pride International * 2,900 50
Varco International * 2,253 49
Cooper Cameron * 1,000 49
Unit * 1,500 47
FMC Technologies * 1,487 43
Oceaneering International * 1,200 41
Carbo Ceramics (ss.) 600 41
Veritas DGC *(ss.) 1,700 39
Tidewater 1,300 39
Superior Energy * 2,900 29
Key Energy Services * 3,000 28
TETRA Technologies * 1,050 28
Newpark Resources *(ss.) 4,300 27
Helmerich & Payne 900 23
Hanover Compressor *(ss.) 1,900 23
Universal Compression Holdings * 700 21
W-H Energy Services * 1,000 20
Offshore Logistics * 600 17
Atwood Oceanics * 400 17
Global Industries *(ss.) 2,300 13
Parker Drilling * 3,200 12
Input/Output *(ss.) 1,100 9
3,612
Oil & Gas 5.1%
Exxon Mobil 152,662 6,780
ChevronTexaco 25,014 2,354
ConocoPhillips 16,234 1,238
Occidental Petroleum 9,300 450
Apache 8,086 352
Devon Energy 5,166 341
Burlington Resources 9,200 333
Anadarko Petroleum 5,629 330
Marathon Oil 8,100 307
Unocal 5,814 221
Valero Energy 2,900 214
Kerr-McGee (ss.) 3,531 190
XTO Energy 6,282 187
Kinder Morgan 3,100 184
Amerada Hess 2,000 158
EOG Resources 2,600 155
Murphy Oil 2,100 155
Williams Companies 11,285 134
Sunoco 1,700 108
El Paso Energy 13,244 104
Chesapeake Energy (ss.) 6,708 99
Enterprise Products Partners *(ss.) 4,600 98
Pioneer Natural Resources 2,600 91
Newfield Exploration * 1,600 89
Quicksilver Resources *(ss.) 1,300 87
Tesoro Petroleum * 3,000 83
Noble Energy 1,600 82
Ashland 1,500 79
Patina Oil & Gas 2,586 77
Plains All American Pipeline *(ss.) 2,200 73
Western Gas Resources (ss.) 2,200 71
Ultra Petroleum *(ss.) 1,900 71
Pogo Producing 1,400 69
Petroleum Development *(ss.) 2,400 66
Teppco Partners *(ss.) 1,700 65
Southwestern Energy * 2,200 63
Spinnaker Exploration * 1,600 63
Hugoton Royalty Trust (ss.) 2,600 59
World Fuel Services (ss.) 1,300 59
Stone Energy * 1,200 55
Cabot Oil & Gas 1,200 51
BP Prudhoe Bay Royalty Trust (ss.) 1,500 49
Houston Exploration * 900 47
Premcor * 1,200 45
Syntroleum *(ss.) 6,000 40
Denbury Resources * 1,800 38
Vintage Petroleum 2,200 37
Penn Virginia 1,000 36
Plains Resources * 2,000 34
Forest Oil * 1,200 33
Magnum Hunter Resources *(ss.) 3,000 31
Cimarex Energy * 1,018 31
Remington Oil & Gas * 1,200 28
Cross Timbers Royalty Trust (ss.) 928 26
General Maritime * 900 25
Buckeye Partners * 600 24
Encore Aquisition * 700 20
Energy Partners *(ss.) 1,200 18
KFX *(ss.) 2,400 18
Magellan Midstream Partners *(ss.) 300 15
Plains Exploration & Production * 800 15
Callon Petroleum *(ss.) 300 4
16,459
Total Energy 20,071
FINANCIALS 21.1%
Capital Markets 2.4%
Morgan Stanley 25,700 1,356
Merrill Lynch 22,800 1,231
Goldman Sachs Group 11,200 1,055
Bank of New York 18,300 539
Lehman Brothers 6,634 499
State Street 7,700 378
Charles Schwab 32,806 315
Franklin Resources 6,100 305
Mellon Financial 10,200 299
Northern Trust 5,100 216
Bear Stearns 2,427 205
Legg Mason 1,500 137
AmeriTrade * 10,600 120
E*TRADE Group * 9,500 106
Federated Investors, Class B 3,050 93
Janus Capital Group 5,500 91
SEI 3,000 87
Allied Capital (ss.) 3,500 85
A.G. Edwards 2,200 75
Investor's Financial Services (ss.) 1,700 74
Eaton Vance 1,600 61
Waddell & Reed Financial, Class A 2,551 56
John Nuveen (ss.) 2,100 56
Jeffries Group 1,700 53
Knight/Trimark Group * 4,700 47
Raymond James Financial 1,750 46
Stifel Financial * 1,500 41
American Capital Strategies 1,400 39
Affiliated Managers Group *(ss.) 750 38
Investment Technology Group * 1,800 23
Piper Jaffray *(ss.) 415 19
LaBranche & Co. (ss.) 1,600 13
Westwood Holdings Group 500 9
7,767
Commercial Banks 6.1%
Bank of America 47,977 4,060
Wells Fargo 39,252 2,246
Wachovia 30,748 1,368
Bank One 26,036 1,328
U.S. Bancorp 45,255 1,247
Fifth Third Bancorp 13,136 706
BB&T 12,820 474
National City 13,440 471
SunTrust 6,568 427
PNC Financial Services Group 6,200 329
SouthTrust 7,300 283
KeyCorp 9,400 281
M & T Bank 2,800 244
Charter One Financial 5,432 240
AmSouth Bancorporation 9,167 233
Marshall & Ilsley 5,478 214
Comerica 3,900 214
Regions Financial 5,400 197
UnionBancal 3,300 186
Synovus Financial 6,900 175
Union Planters 5,000 149
National Commerce Financial 4,350 141
First Horizon National 3,100 141
North Fork Bancorporation 3,600 137
Popular 3,100 133
Huntington Bancshares 5,766 132
Zions Bancorp 2,100 129
Compass Bancshares 2,600 112
Banknorth Group 3,054 99
Commerce Bancorp 1,600 90
Associated Banc-Corp 3,015 89
TCF Financial 1,500 87
UCBH Holdings 2,100 83
Hibernia Corp. 3,400 83
Mercantile Bankshares 1,700 80
City National 1,200 79
Commerce Bancshares 1,439 66
Fulton Financial 3,229 65
Bank of Hawaii 1,400 63
Cullen/Frost Bankers 1,400 63
East West Bancorp 2,000 61
Sky Financial 2,433 60
Wilmington Trust 1,600 60
Silicon Valley Bancshares * 1,500 59
BanCorpSouth (ss.) 2,500 56
Valley National Bancorp (ss.) 2,208 56
BOK Financial 1,415 56
Pacific Capital Bancorp (ss.) 1,910 54
Wintrust Financial (ss.) 1,050 53
FirstMerit (ss.) 2,000 53
Gold Banc 3,400 53
Texas Regional Bancshares, Class A 1,145 53
Susquehanna Bancshares 2,000 50
Greater Bay Bancorp (ss.) 1,700 49
Unity Bancorp (ss.) 3,638 49
CVB Financial 2,234 49
WestAmerica 900 47
Bank of the Ozarks (ss.) 2,000 47
Colonial BancGroup 2,500 45
International Bancshares 1,093 44
Provident Financial Group (ss.) 1,100 43
Santander Bancorp (ss.) 1,730 43
Whitney Holding 950 42
Chittenden 1,175 41
UMB Financial (ss.) 798 41
U.S.B. Holding Company (ss.) 1,764 40
Capital Corp of the West (ss.) 1,000 39
Community First Bankshares 1,200 39
Park National (ss.) 300 38
Hancock Holding (ss.) 1,300 38
Community Banks 1,283 38
Trustmark 1,300 38
First Midwest Bancorp 1,050 37
FirstBank Puerto Rico 900 37
Southwest Bancorp 2,000 36
Amcore Financial 1,200 36
Hudson United Bancorp 970 36
South Financial Group (ss.) 1,265 36
Old National Bancorp (ss.) 1,440 36
IBERIABANK (ss.) 600 36
Southwest Bancorp 800 35
Frontier Financial (ss.) 1,000 35
First Financial Bancorp (ss.) 1,970 35
Sterling Bancshares 2,450 35
F.N.B. (ss.) 1,692 35
Citizens Banking (ss.) 1,100 34
Peoples Holding (ss.) 950 33
Community Bankshares of Indiana 1,400 33
Capitol Bancorp Limited (ss.) 1,247 32
Provident Bankshares 1,099 32
Fidelity Southern (ss.) 2,300 32
Community Capital 1,500 31
NBT Bancorp (ss.) 1,400 31
Midwest Banc Holdings (ss.) 1,400 31
Mid-State Bancshares (ss.) 1,300 31
First Charter 1,400 31
Peoples Bancorp (ss.) 1,145 30
Boston Private Financial (ss.) 1,300 30
Republic Bancorp 2,116 29
United Bankshares 900 29
Prosperity Bancshares (ss.) 1,200 29
First City Bank (ss.) 1,300 28
Integra Bank (ss.) 1,271 28
Sandy Spring Bancorp 800 28
Bay View Capital 13,100 27
Merrill Merchants Bancorp 1,111 27
Peoples Financial 1,500 26
Oriental Financial Group (ss.) 970 26
1st Source (ss.) 1,030 26
First National Bankshares (ss.) 1,330 25
First M & F Corporation (ss.) 800 25
First Merchants (ss.) 930 24
Metrocorp Bancshares 1,500 23
The Savannah Bancorp (ss.) 800 23
BWC Financial 1,014 22
Omega Financial 600 21
German American Bancorp (ss.) 1,174 20
S&T Bancorp (ss.) 600 19
Main Street Banks (ss.) 600 17
WesBanco (ss.) 500 15
19,891
Consumer Finance 1.1%
American Express 29,700 1,526
MBNA 29,375 758
SLM Corporation 11,100 449
Capital One Financial 5,500 376
Providian Financial * 7,300 107
AmeriCredit *(ss.) 4,700 92
Student Loan Corporation 500 68
Advanta 2,555 56
WFS Financial 1,000 50
CompuCredit * 2,100 36
World Acceptance * 1,700 31
Metris Companies * 2,900 25
3,574
Diversified Financial Services 2.6%
Citigroup 120,014 5,581
J.P. Morgan Chase 47,310 1,834
Principal Financial Group 7,600 264
Moody's 3,500 226
CIT Group 5,300 203
Chicago Merchantile Exchange Holdings (ss.) 700 101
Leucadia National 1,521 76
CapitalSource * 2,700 66
Alliance Capital (ss.) 1,800 61
GATX 2,100 57
eSpeed * 1,400 25
Instinet Group * 2,300 12
8,506
Insurance 5.0%
American International Group 60,918 4,342
Berkshire Hathaway, Class A * 26 2,313
Allstate 16,800 782
MetLife 18,300 656
Saint Paul Companies 15,523 629
Prudential 12,400 576
Marsh & McLennan 12,600 572
AFLAC 11,900 486
Hartford Financial Services 6,700 461
Progressive Corporation 5,250 448
Chubb 4,800 327
Genworth Financial, Class A * 11,300 259
Loews 4,200 252
Aon 7,050 201
Ambac 2,650 195
Lincoln National 4,100 194
MBIA 3,200 183
Fidelity National Financial 4,562 170
Cincinnati Financial 3,780 164
Jefferson Pilot 3,100 157
CNA Financial *(ss.) 4,800 142
SAFECO 3,200 141
Torchmark 2,600 140
Old Republic International 4,750 113
White Mountains Insurance Group 200 102
UnumProvident 6,376 101
Transatlantic Holdings 1,150 93
Brown and Brown 2,000 86
W. R. Berkley 1,950 84
Erie Indemnity 1,700 80
UICI * 2,700 64
Assurant 2,400 63
Arthur J. Gallagher 2,000 61
Markel *(ss.) 210 58
Protective Life 1,500 58
FPIC Insurance Group *(ss.) 2,300 57
Delphi Financial 1,250 56
Unitrin 1,300 55
Mercury General (ss.) 1,100 55
Wesco Financial 150 54
Zenith National (ss.) 1,100 53
Reinsurance Group of America 1,300 53
Odyssey Re Holdings (ss.) 2,200 53
Phoenix Companies (ss.) 4,000 49
American National Insurance 500 46
American Financial Group 1,500 46
Conseco *(ss.) 2,300 46
Commerce Group 900 44
First American Financial 1,685 44
Nationwide Financial Services, Class A 1,100 41
Triad Guaranty * 700 41
United Fire & Casualty (ss.) 700 40
StanCorp Financial Group 600 40
Hilb Rogal and Hamilton (ss.) 1,100 39
Penn-America Group 2,800 39
Alfa (ss.) 2,700 38
FBL Financial Group 1,332 38
Navigators Group * 1,300 38
AmerUs Life (ss.) 900 37
Allmerica Financial * 1,100 37
Horace Mann Educators 2,100 37
Great American Financial Resources 2,300 37
Arch Capital Group * 900 36
Midland 1,200 36
ProAssurance * 1,024 35
HCC Insurance Holdings 1,000 33
MONY Group *(ss.) 1,000 31
Presidential Life 1,700 31
Vesta Insurance (ss.) 4,600 30
RLI (ss.) 800 29
Ohio Casualty * 1,400 28
LandAmerica Financial Group 700 27
21st Century Insurance Group (ss.) 1,800 23
Financial Industries Corporation * 1,390 13
Citizens Financial * 600 4
16,322
Real Estate 1.8%
Equity Office Properties, REIT 9,761 266
Simon Property Group, REIT 4,700 242
Equity Residential, REIT 6,800 202
Vornado Realty Trust, REIT 2,900 166
Plum Creek Timber 4,544 148
General Growth Properties, REIT 4,800 142
ProLogis Trust, REIT 4,176 137
Kimco Realty, REIT 2,950 134
Public Storage, REIT 2,800 129
Archstone-Smith Trust, REIT 4,300 126
Duke Realty, REIT 3,800 121
Boston Properties, REIT 2,400 120
Rouse, REIT 2,500 119
IStar Financial, REIT 2,517 101
Friedman, Billings, Ramsey Group, REIT (ss.) 4,900 97
Avalonbay Communities, REIT 1,707 96
Apartment Investment & Management 3,000 93
Liberty Property Trust, REIT (ss.) 2,300 92
Macerich Company, REIT 1,900 91
Regency Centers, REIT 2,000 86
Host Marriott, REIT * 6,900 85
Developers Diversified Realty, REIT 2,400 85
Chelsea GCA, REIT 1,300 85
United Dominion Realty Trust, REIT 4,000 79
Catellus Development, REIT 3,178 78
Health Care Property Investors, REIT 3,200 77
AMB Property, REIT 2,200 76
Hospitality Properties Trust, REIT 1,800 76
Vencor 3,200 75
Camden Property Trust, REIT 1,600 73
St. Joe 1,800 71
Weingarten Realty, REIT 2,175 68
BRE Properties, REIT 1,900 66
CarrAmerica Realty, REIT 2,100 63
Realty Income, REIT (ss.) 1,500 63
Federal Realty Investment Trust, REIT 1,500 62
Trizec Properties, REIT 3,800 62
Centerpoint Properties, REIT 800 61
Mills, REIT 1,300 61
Pan Pacific Retail Properties, REIT 1,200 61
CBL & Associates Properties, REIT 1,100 61
Forest City Enterprises 1,100 58
Mack-Cali Realty, REIT 1,300 54
Rayonier 1,196 53
SL Green Realty, REIT (ss.) 1,100 51
New Plan Excel Realty, REIT (ss.) 2,100 49
Shurgard Storage Centers, REIT 1,300 49
Thornburg Mortgage, REIT (ss.) 1,800 49
Crescent Real Estate Equities, REIT 3,000 48
First Industrial Realty, REIT (ss.) 1,300 48
Cousins Properties, REIT 1,450 48
Nationwide Health Properties, REIT 2,500 47
Arden Realty, REIT 1,600 47
Felcor Lodging Trust, REIT *(ss.) 3,748 45
Kilroy Realty, REIT 1,300 44
Annaly Mortgage Management, REIT (ss.) 2,500 42
Maguire Properties, REIT (ss.) 1,700 42
Taubman Centers, REIT 1,800 41
Post Properties, REIT 1,400 41
Highwoods Properties, REIT 1,700 40
Koger Equity, REIT 1,700 39
Home Properties, REIT 1,000 39
Mission West Properties (ss.) 3,200 39
Pennsylvania Real Estate Investment, REIT 1,130 39
Brandywine Realty Trust, REIT 1,400 38
Mid-America Apartment Communities, REIT (ss.) 1,000 38
Heritage Property Investment Trust 1,400 38
Consolidated-Tomoka Land (ss.) 1,000 38
Manufactured Home Communities, REIT 1,100 37
Reckson Associates Realty, REIT 1,300 36
Getty Realty, REIT 1,400 35
One Liberty Properties (ss.) 1,900 35
Agree Realty, REIT 1,300 33
Innkeepers USA, REIT 3,100 32
NovaStar Financial, REIT (ss.) 800 30
AmeriVest Properties, REIT (ss.) 4,900 29
Trammell Crow *(ss.) 2,000 28
WP Carey & Co (ss.) 900 27
Parkway Properties, REIT 600 27
Bedford Property Investors, REIT (ss.) 900 26
Wellsford Real Properties * 1,600 25
Monmouth Real Estate Investment, REIT (ss.) 3,100 24
PMC Commercial Trust, REIT (ss.) 1,591 23
Levitt, Class A * 875 23
American Mortgage Acceptance, REIT 1,600 22
MeriStar Hospitality, REIT * 3,100 21
5,913
Thrifts & Mortgage Finance 2.1%
Fannie Mae 22,300 1,591
Freddie Mac 16,200 1,025
Washington Mutual 21,006 812
Countrywide Financial 6,249 439
Golden West Financial 3,500 372
MGIC Investment 2,200 167
Hudson City Bancorp (ss.) 4,900 164
Sovereign Bancorp 6,920 153
New York Community Bancorp (ss.) 7,253 142
Greenpoint Financial 3,100 123
Independence Community Bank 2,954 108
Radian Group 2,200 105
People's Bank (ss.) 2,850 89
PMI Group 2,000 87
Doral Financial 2,350 81
Webster Financial 1,700 80
Astoria Financial 2,050 75
Capitol Federal Financial (ss.) 2,200 66
MAF Bancorp 1,511 64
IndyMac Mortgage Holdings 1,800 57
Fremont General (ss.) 2,900 51
BankAtlantic 2,700 50
Washington Federal 2,057 49
CORUS Bankshares 1,100 45
Waypoint Financial 1,630 45
Brookline Bancorp 2,693 40
Berkshire Hills Bancorp (ss.) 1,000 37
Seacoast Financial Services 1,057 37
Commercial Federal 1,300 35
FSF Financial 1,000 35
Northwest Bancorp 1,500 34
FirstFed Financial * 800 33
Commercial Capital Bancorp * 1,900 33
First Busey Corporation (ss.) 1,100 32
Downey Financial 600 32
Anchor Bancorp Wisconsin (ss.) 1,200 32
First Niagara Financial 2,405 29
First Federal Cap Corp. (ss.) 1,000 28
Horizon Financial (ss.) 1,200 24
Flushing Financial 1,350 24
Alliance Bank 800 23
Net Bank (ss.) 2,021 22
Hudson River Bancorp 800 14
6,584
Total Financials 68,557
HEALTH CARE 13.1%
Biotechnology 1.8%
Amgen * 29,784 1,625
Genentech * 11,800 663
Biogen Idec * 7,610 481
Gilead Sciences * 4,640 311
Genzyme * 5,400 256
Chiron * 4,800 214
ImClone Systems *(ss.) 1,707 146
MedImmune * 5,652 132
Applied Biosystems Group - Applera 5,700 124
Celgene * 2,100 120
Millennium Pharmaceuticals * 6,585 91
Gen-Probe * 1,800 85
OSI Pharmaceuticals *(ss.) 1,000 70
Amylin Pharmaceuticals *(ss.) 2,900 66
Cephalon *(ss.) 1,200 65
Charles River Laboratories International * 1,200 59
Ligand Pharmaceuticals, Class B *(ss.) 2,800 49
ICOS *(ss.) 1,600 48
Affymetrix *(ss.) 1,400 46
Protein Design Labs * 2,300 44
VaxGen *(ss.) 3,100 44
Telik *(ss.) 1,800 43
Genencor International *(ss.) 2,600 43
Tularik *(ss.) 1,700 42
ILEX Oncology *(ss.) 1,600 40
Martek Biosciences *(ss.) 700 39
Techne *(ss.) 900 39
Serologicals *(ss.) 1,850 37
Progenics Pharmaceuticals *(ss.) 2,100 35
Tanox *(ss.) 1,800 34
Human Genome Sciences *(ss.) 2,900 34
Digene *(ss.) 900 33
Neurocrine Biosciences * 600 31
Immunomedics *(ss.) 6,100 30
Regeneron Pharmaceuticals *(ss.) 2,800 29
Alkermes *(ss.) 2,100 29
Luminex *(ss.) 2,800 28
BioMarin Pharmaceutical *(ss.) 4,300 26
Medarex *(ss.) 3,400 25
Diversa * 2,400 24
Abgenix * 2,000 23
Encysive Pharmaceuticals *(ss.) 2,700 23
Neose Technologies *(ss.) 2,700 22
Vertex Pharmaceuticals *(ss.) 1,948 21
InterMune *(ss.) 1,300 20
Incyte *(ss.) 2,500 19
Cell Genesys *(ss.) 1,800 19
Exelixis * 1,800 18
Transkaryotic Therapies * 1,200 18
OraSure Technologies *(ss.) 1,800 18
Celera Genomics * 1,500 17
Isis Pharmaceuticals *(ss.) 3,000 17
Albany Molecular Research * 1,300 17
NPS Pharmaceuticals *(ss.) 800 17
Array BioPharma *(ss.) 2,100 17
Ariad Pharmaceuticals * 2,200 16
Myriad Genetics *(ss.) 1,100 16
CuraGen *(ss.) 2,600 16
Cell Therapeutics *(ss.) 2,100 15
CV Therapeutics *(ss.) 900 15
Vicuron Pharmaceuticals * 1,200 15
XOMA *(ss.) 3,300 15
Enzon Pharmaceuticals *(ss.) 1,100 14
Enzo Biochem *(ss.) 924 14
Sangamo BioSciences *(ss.) 2,300 14
Interleukin Genetics * 3,000 14
Arena Pharmaceuticals *(ss.) 2,500 14
NeoPharm *(ss.) 1,305 13
Alexion Pharmaceutical *(ss.) 700 13
ONYX Pharmaceuticals *(ss.) 300 13
Novavax *(ss.) 2,300 12
Cubist Pharmaceuticals *(ss.) 1,000 11
OXiGENE * 1,700 11
Caliper Life Sciences * 2,200 10
ImmunoGen *(ss.) 1,600 10
Cytrx *(ss.) 8,700 10
Trimeris *(ss.) 600 9
Avigen *(ss.) 2,000 7
AVI BioPharma *(ss.) 2,700 7
Genta * 2,600 6
Gene Logic *(ss.) 1,500 6
La Jolla Pharmaceutical *(ss.) 2,300 6
Pharmacopeia Drug Discovery *(ss.) 800 5
Sequenom * 2,300 3
Aphton *(ss.) 700 3
Biopure *(ss.) 2,600 2
6,001
Health Care Equipment & Supplies 2.4%
Medtronic 28,720 1,399
Boston Scientific * 19,100 817
Stryker 9,700 533
Zimmer Holdings * 5,560 490
Baxter International 13,700 473
Guidant 6,900 386
Becton, Dickinson 6,200 321
St. Jude Medical * 3,900 295
Biomet 6,100 271
Waters Corporation * 2,800 134
Thermo Electron * 4,350 134
Varian Medical Systems * 1,600 127
C. R. Bard 2,200 125
Hospira * 3,590 99
Hillenbrand Industries 1,600 97
Dentsply International 1,700 89
Fisher Scientific *(ss.) 1,500 87
Invitrogen * 1,200 86
Bausch & Lomb 1,300 85
Align Technology *(ss.) 3,900 74
Cytyc * 2,900 74
Beckman Coulter 1,200 73
Kinetic Concepts * 1,400 70
Advanced Medical Optics * 1,544 66
Edwards Lifesciences * 1,860 65
Millipore * 1,100 62
Apogent Technologies * 1,900 61
ResMed * 1,100 56
Arrow International 1,800 54
Sybron Dental Specialties * 1,666 50
IDEXX Laboratories * 800 50
Respironics * 800 47
Matthews International, Class A 1,400 46
Exactech * 2,100 46
American Medical Systems * 1,300 44
ArthroCare *(ss.) 1,500 44
Bio-Rad Laboratories, Class A * 700 41
Inverness Medical Innovations *(ss.) 1,880 41
EPIX Medical *(ss.) 1,900 40
VISX * 1,500 40
Viasys Healthcare * 1,857 39
Medical Action Industries *(ss.) 2,100 39
Haemonetics * 1,300 38
Steris * 1,600 36
Invacare (ss.) 800 36
Vital Signs (ss.) 1,200 35
SurModics *(ss.) 1,400 34
Ventana Medical Systems *(ss.) 700 33
Biosite Diagnostics *(ss.) 700 31
Anika Therapeutics *(ss.) 1,800 31
Diagnostic Products 700 31
West Pharmaceutical Services 700 30
Regeneration Technologies *(ss.) 2,600 28
ICU Medical *(ss.) 800 27
Zoll Medical *(ss.) 700 25
Molecular Devices *(ss.) 1,300 23
Thoratec *(ss.) 2,100 22
Aspect Medical Systems * 1,200 22
Cantel Medical * 1,000 21
Analogic 500 21
Bioveris * 2,300 19
Valley Forge Scientific *(ss.) 9,200 18
Palomar Medical Technologies *(ss.) 1,000 17
CTI Molecular Imaging *(ss.) 1,100 16
Lifecore Biomedical * 2,300 14
Laserscope *(ss.) 500 14
NMT Medical *(ss.) 2,800 10
Bruker Biosciences * 2,100 10
Applied Imaging * 7,500 7
Cerus * 1,700 4
7,923
Health Care Providers & Services 2.5%
UnitedHealth Group 14,802 921
Cardinal Health 10,005 701
HCA 12,000 499
WellPoint Health Networks * 3,700 414
Caremark RX * 10,650 351
Aetna 3,500 298
Anthem * 3,231 289
Medco * 6,546 245
McKesson 6,951 239
CIGNA 3,400 234
Quest Diagnostics 2,600 221
Tenet Healthcare * 11,950 160
AmerisourceBergen 2,566 153
Express Scripts * 1,800 143
Laboratory Corporation of America * 3,500 139
IMS Health 5,800 136
Health Management 5,600 126
Patterson Dental *(ss.) 1,600 122
Oxford Health Plans 1,800 99
Omnicare 2,300 98
Coventry Health Care * 1,950 95
PacifiCare Health Systems * 2,400 93
Manor Care 2,600 85
Lincare Holdings * 2,500 82
WebMD *(ss.) 8,610 80
Davita * 2,599 80
Triad Hospitals * 2,131 79
Humana * 4,300 73
WellChoice * 1,700 70
Renal Care Group * 2,100 70
Health Net * 2,600 69
Accredo Health * 1,767 69
Covance * 1,700 66
Henry Schein * 1,000 63
Community Health System * 2,300 62
Sierra Health Services *(ss.) 1,300 58
PDI * 1,900 58
Pharmaceutical Product Dev *(ss.) 1,800 57
Universal Health Services 1,200 55
Select Medical (ss.) 3,800 51
Service Corp. International * 6,700 49
Inveresk Research Group * 1,600 49
Province Healthcare * 2,800 48
First Health Group * 2,800 44
Apria Healthcare * 1,500 43
Dendrite International * 2,200 41
AmSurg * 1,600 40
U.S. Oncology * 2,700 40
Gentiva Health Services *(ss.) 2,375 39
PSS World Medical * 3,400 38
Beverly Enterprises *(ss.) 4,400 38
Cerner *(ss.) 800 36
Hooper Holmes 6,200 36
Sunrise Senior Living *(ss.) 900 35
IDX Systems * 1,100 35
LifePoint Hospitals * 931 35
Stewart Enterprises * 4,100 33
NDC Health (ss.) 1,400 33
Priority Healthcare, Class B * 1,300 30
Omnicell *(ss.) 2,000 29
CorVel *(ss.) 950 27
Eclipsys *(ss.) 1,700 26
Psychemedics (ss.) 2,375 25
Orthodontic Centers of America *(ss.) 2,800 23
Allscripts Heathcare *(ss.) 2,900 23
MIM Corporation *(ss.) 2,500 22
Specialty Laboratories *(ss.) 2,200 20
Prime Medical Services *(ss.) 2,300 18
Cross Country Healthcare *(ss.) 1,000 18
United American Healthcare * 3,200 16
Q Med *(ss.) 1,800 15
AMN Healthcare Services *(ss.) 952 15
D&K Healthcare (ss.) 1,100 13
Rural Metro * 8,700 13
Bioanalytical Systems * 1,700 7
8,055
Pharmaceuticals 6.4%
Pfizer 176,805 6,061
Johnson & Johnson 68,875 3,836
Merck 51,594 2,451
Eli Lilly 25,900 1,811
Abbott Laboratories 36,300 1,480
Wyeth 30,800 1,114
Bristol-Myers Squibb 45,100 1,105
Schering-Plough 35,200 650
Forest Laboratories * 8,600 487
Allergan 3,200 286
Mylan Laboratories 6,475 131
Sepracor *(ss.) 2,400 127
IVAX * 4,350 104
Eon Labs *(ss.) 2,400 98
Medicis Pharmaceutical, Class A (ss.) 1,700 68
Watson Pharmaceuticals * 2,400 65
Endo Pharmaceutical * 2,600 61
King Pharmaceuticals * 5,289 60
Barr Laboratories * 1,701 57
MGI Pharma *(ss.) 2,000 54
Nektar Therapeutics *(ss.) 2,400 48
Noven Pharmaceuticals * 2,100 46
Andrx * 1,500 42
K-V Pharmaceutical, Class A *(ss.) 1,800 42
Valeant Pharmaceuticals International 1,900 38
Kos Pharmaceuticals *(ss.) 1,100 36
Medicines Company * 1,100 34
Perrigo 1,700 32
Atrix Laboratory * 900 31
Inspire Phamaceuticals * 1,500 25
Discovery Partners * 4,700 24
First Horizon Pharmaceutical *(ss.) 1,200 23
Alpharma (ss.) 1,000 20
CIMA Labs *(ss.) 600 20
aaiPharma *(ss.) 3,450 19
Par Pharmaceutical * 500 18
Orphan Medical *(ss.) 1,400 14
Antigenics *(ss.) 1,600 14
Adolor *(ss.) 800 10
Emisphere Technologies * 1,000 4
20,646
Total Health Care 42,625
INDUSTRIALS & BUSINESS SERVICES 10.6%
Aerospace & Defense 1.8%
United Technologies 12,202 1,116
Boeing 20,100 1,027
Honeywell International 20,125 737
Lockheed Martin 10,600 552
General Dynamics 4,500 447
Northrop Grumman 8,302 446
Raytheon 10,500 376
L-3 Communications Holdings 2,100 140
Rockwell Collins 3,900 130
Goodrich 2,740 89
Precision Castparts 1,484 81
Alliant Techsystems * 1,125 71
Engineered Support System (ss.) 1,150 67
Hexcel *(ss.) 4,800 56
Curtiss-Wright Corporation (ss.) 900 51
Pemco Aviation Group * 1,500 45
Invision Technologies *(ss.) 800 40
United Industrial (ss.) 1,700 40
BE Aerospace *(ss.) 4,800 36
Teledyne Technologies * 1,700 34
Aviall * 1,600 30
GenCorp (ss.) 2,200 30
Herley Industries * 1,200 23
DRS Technologies * 700 22
Mercury Computer Systems * 900 22
Ladish Company 2,300 20
Esterline Technologies * 500 15
5,743
Air Freight & Logistics 0.9%
UPS, Class B 26,300 1,977
Fedex 7,100 580
Expeditors International of Washington 2,300 114
C.H. Robinson Worldwide 2,200 101
JB Hunt Transport Services 2,000 77
CNF 1,600 66
Ryder System 1,400 56
EGL * 1,750 47
Forward Air * 1,100 41
3,059
Airlines 0.2%
Southwest Airlines 17,037 286
AMR *(ss.) 5,700 69
JetBlue Airways *(ss.) 2,175 64
Airtran Holdings *(ss.) 3,300 47
Northwest Airlines *(ss.) 2,900 32
Continental Airlines *(ss.) 2,500 28
SkyWest 1,400 24
Delta *(ss.) 3,400 24
Alaska Air Group *(ss.) 800 19
Atlantic Coast Airlines *(ss.) 2,900 17
610
Building Products 0.2%
Masco 10,600 331
American Standard * 4,800 193
York International 1,100 45
Water Pik Technologies *(ss.) 2,405 40
Jacuzzi Brands * 3,300 27
Ameron International 700 24
Lennox International 1,200 22
Universal Forest Products 600 19
AAON Inc *(ss.) 950 19
720
Commercial Services & Supplies 1.6%
Cendant 23,954 586
Waste Management 13,460 413
Apollo Group, Class A * 4,025 355
Pitney Bowes 5,300 235
H&R Block 4,400 210
Cintas 4,300 205
Avery Dennison 2,700 173
R.R. Donnelley 4,600 152
Career Education * 2,600 118
Robert Half International 3,800 113
Dun & Bradstreet * 1,900 102
Republic Services 3,400 98
Allied Waste Industries * 7,260 96
Copart * 3,350 89
ARAMARK, Class B 3,100 89
Manpower 1,700 86
ServiceMaster 6,700 83
Equifax 3,200 79
ChoicePoint * 1,666 76
Waste Connections * 2,400 71
Brinks 1,900 65
HNI Corporation 1,400 59
Consolidated Graphics * 1,300 57
Corinthian Colleges * 2,300 57
Education Management * 1,600 53
Laureate *(ss.) 1,368 52
Deluxe Corporation 1,200 52
Herman Miller 1,800 52
Corporate Executive Board 900 52
West Corporation * 1,900 50
Labor Ready *(ss.) 3,000 47
Strayer Education (ss.) 400 45
Viad 1,600 43
Bright Horizons Family Solutions * 800 43
NCO Group *(ss.) 1,600 43
Devry *(ss.) 1,500 41
Team, Inc. * 2,500 41
SITEL *(ss.) 9,200 39
Administaff *(ss.) 2,300 38
ITT Educational Services * 1,000 38
Tetra Tech * 2,325 38
CoStar Group * 800 37
Ikon Office Solutions 3,200 37
Corrections Corp of America * 923 36
Stericycle * 700 36
Imagistics International *(ss.) 1,012 36
Sotheby's * 2,200 35
Geo Group *(ss.) 1,600 33
Rollins 1,400 32
G&K Services, Class A 800 32
PRG-Schultz International *(ss.) 5,700 31
SOURCECORP * 1,100 30
United Rentals *(ss.) 1,600 29
United Stationers * 700 28
Banta 600 27
John H. Harland (ss.) 900 26
Korn/Ferry *(ss.) 1,300 25
Brady 500 23
TeleTech Holdings * 2,500 22
School Specialty *(ss.) 600 22
Exult *(ss.) 3,900 21
TRM Copy Centers * 1,400 20
Spherion * 2,000 20
DiamondCluster International * 2,300 20
Ionics *(ss.) 700 20
Westaff * 6,400 18
Franklin Covey *(ss.) 6,800 18
Electronic Clearing House *(ss.) 1,900 18
Learning Tree International *(ss.) 1,100 16
RemedyTemp, Class A *(ss.) 1,300 16
Central Parking (ss.) 800 15
Hudson Highland Group *(ss.) 457 14
Food Technology Services * 8,800 10
ICT Group *(ss.) 500 5
5,242
Construction & Engineering 0.1%
Fluor 1,900 91
Jacobs Engineering Group * 1,300 51
Mastec *(ss.) 7,850 43
Dycom Industries * 1,400 39
McDermott International * 3,400 35
Insituform Technologies, Class A *(ss.) 2,000 32
Granite Construction (ss.) 1,750 32
EMCOR Group *(ss.) 700 31
Quanta Services *(ss.) 4,550 28
Intergrated Electrical Services *(ss.) 3,400 27
Shaw Group *(ss.) 1,400 14
423
Electrical Equipment 0.5%
Emerson Electric 9,500 604
Rockwell Automation 4,300 161
Cooper Industries, Class A 2,400 143
American Power Conversion 4,600 90
Hubbell, Class B 1,200 56
AMETEK 1,800 56
Thomas & Betts 1,800 49
Genlyte Group * 700 44
Acuity Brands 1,500 40
Woodward Governor 500 36
Power-One *(ss.) 2,700 30
Ultralife Batteries *(ss.) 1,500 29
American Superconductor *(ss.) 2,200 29
Regal-Beloit (ss.) 1,100 24
LSI Industries (ss.) 2,112 24
General Cable *(ss.) 2,800 24
Vicor *(ss.) 1,200 22
Baldor Electric 800 19
Artesyn Technologies *(ss.) 2,000 18
C&D Technologies 1,000 18
AZZ * 1,100 17
Fuelcell Energy *(ss.) 1,400 16
UQM Technologies *(ss.) 5,700 15
Technology Research 1,200 15
Energy Conversion Devices *(ss.) 1,200 14
Plug Power *(ss.) 1,700 13
Channell Commercial * 1,700 7
1,613
Industrial Conglomerates 3.2%
General Electric Capital 253,006 8,197
3M 18,300 1,647
Textron 3,000 178
Roper Industries (ss.) 1,200 68
Allete 1,900 63
Alleghany 200 58
Teleflex 1,000 50
Carlisle Companies 700 44
Walter Industries (ss.) 2,700 37
Tredegar 1,300 21
10,363
Machinery 1.5%
Illinois Tool Works 7,350 705
Caterpillar 8,000 635
Deere 5,500 386
Danaher 7,200 373
Ingersoll-Rand, Class A 4,100 280
PACCAR 4,450 258
Eaton 3,200 207
Dover 4,400 185
ITT Industries 2,200 183
Parker Hannifin 2,819 168
Pall 3,200 84
Navistar * 2,000 77
SPX 1,604 74
Pentair 2,200 74
Terex * 1,900 65
Donaldson 2,200 64
EnPro Industries *(ss.) 2,768 64
Graco 1,987 62
Harsco 1,300 61
Actuant Corporation, Class A *(ss.) 1,540 60
Timken 2,200 58
Trinity Industries (ss.) 1,800 57
Cummins Engine (ss.) 900 56
Lincoln Electric Holdings 1,600 55
AGCO * 2,500 51
Crane 1,600 50
Briggs & Stratton 500 44
Cascade (ss.) 1,400 44
Nordson 1,000 43
Kennametal 800 37
Wabtec 1,925 35
Ampco Pittsburgh 2,400 31
Wolverine Tube *(ss.) 2,800 31
Flowserve * 1,200 30
Thomas Industries 900 30
Tecumseh Products 700 29
NACCO Industries 300 28
Valmont Industries 1,200 27
Manitowoc 800 27
Stewart & Stevenson 1,500 27
Robbins & Myers 1,100 25
Watts Water Technologies, Class A (ss.) 800 22
Turbochef Technologies *(ss.) 3,300 16
ESCO Electronics * 300 16
Toro 200 14
JLG Industries (ss.) 1,000 14
4,962
Marine 0.1%
Overseas Shipholding Group 1,300 58
Alexander & Baldwin 1,500 50
International Shipholding * 1,900 28
Kirby Corporation * 700 27
163
Road & Rail 0.4%
Union Pacific 6,000 357
Burlington Northern Santa Fe 8,200 288
Norfolk Southern 9,800 260
CSX 4,500 147
Florida East Coast Industries (ss.) 1,200 46
Swift Transportation * 2,370 42
Werner Enterprises 1,975 42
U.S. Xpress Enterprises * 2,500 39
USA Truck * 2,700 33
Dollar Thrifty Auto Group *(ss.) 1,000 27
Kansas City Southern Industries *(ss.) 1,600 25
Knight Transportation * 800 23
1,329
Trading Companies & Distributors 0.1%
W. W. Grainger 2,100 121
Fastenal 1,600 91
Huttig Building Products * 7,044 54
Applied Industrial Technologies 1,100 33
299
Total Industrials & Business Services 34,526
INFORMATION TECHNOLOGY 16.5%
Communications Equipment 2.9%
Cisco Systems * 158,968 3,768
QUALCOMM 18,600 1,357
Motorola 54,940 1,003
Corning * 30,710 401
Lucent Technologies *(ss.) 91,485 346
Juniper Networks * 11,650 286
Avaya * 11,457 181
Scientific-Atlanta 3,600 124
JDS Uniphase * 30,758 117
Plantronics * 2,500 105
Comverse Technology * 5,000 100
Harris 1,800 91
Tellabs *(ss.) 9,200 80
Andrew *(ss.) 3,900 78
Polycom * 2,700 60
Foundry Networks * 4,200 59
ditech Communications *(ss.) 2,500 58
ADTRAN 1,700 57
QLogic * 2,111 56
3Com * 8,300 52
Sonus Networks * 10,600 51
ADC Telecommunications * 16,252 46
Avocent * 1,236 45
InterDigital Communication *(ss.) 2,300 43
Paradyne Networks *(ss.) 7,300 40
Digital Lightwave *(ss.) 22,300 39
Advanced Fibre Communications * 1,900 38
CIENA * 10,247 38
Adaptec * 3,900 33
SeaChange International *(ss.) 1,800 30
Tekelec * 1,600 29
Packeteer * 1,800 29
Brocade Communications Systems * 4,860 29
Bel Fuse 800 29
Harmonic * 3,359 29
Black Box (ss.) 600 28
Commscope *(ss.) 1,300 28
Cable Design Technologies *(ss.) 2,600 28
Inter-Tel 1,100 27
Echelon *(ss.) 2,400 27
Finisar *(ss.) 13,400 27
F5 Networks *(ss.) 1,000 26
C-Cor.net * 2,500 26
Sycamore Networks * 5,900 25
MRV Communications *(ss.) 8,760 24
Emulex * 1,600 23
Centillium Communications * 5,900 23
Powerwave Technologies *(ss.) 2,700 21
Ixia * 2,100 21
Computer Network Technology *(ss.) 3,100 19
Extreme Networks * 3,300 18
Carrier Access *(ss.) 1,500 18
REMEC *(ss.) 2,800 18
Cognitronics * 3,800 16
Stratex Networks *(ss.) 4,500 13
McDATA *(ss.) 2,325 13
Anaren * 700 11
Safenet *(ss.) 411 11
Norstan * 3,000 9
Terayon Communication Systems *(ss.) 2,900 7
Tollgrade Communications * 400 4
Optical Cable, Warrants *@ 168 0
9,438
Computers & Peripherals 3.0%
IBM 39,490 3,481
Dell * 59,000 2,113
Hewlett-Packard 70,918 1,496
EMC * 56,576 645
Sun Microsystems * 75,300 327
Lexmark International, Class A * 3,100 299
Apple Computer * 8,700 283
Network Appliance * 7,600 164
Seagate Technology (ss.) 10,600 153
NCR * 2,100 104
Sandisk *(ss.) 4,500 98
Diebold 1,700 90
Storage Technology * 2,400 70
Avid Technology * 1,100 60
UNOVA *(ss.) 2,400 49
Electronics for Imaging * 1,700 48
Imation 1,000 43
Western Digital * 4,600 40
Gateway * 8,300 37
Presstek *(ss.) 3,500 37
Maxtor * 5,504 36
Intergraph * 1,400 36
Rimage * 2,200 33
In Focus Systems * 3,800 32
Advanced Digital Info * 2,000 19
Dot Hill * 1,700 19
Socket Communications *(ss.) 4,900 14
Quantum DLT & Storage Systems Group *(ss.) 4,100 13
Concurrent Computer *(ss.) 6,200 12
Drexler Technology *(ss.) 800 11
Iomega (ss.) 1,800 10
9,872
Electronic Equipment & Instruments 0.8%
Agilent Technologies * 10,287 301
Molex 4,350 140
CDW 1,900 121
Solectron * 18,240 118
Jabil Circuit * 4,300 108
Sanmina-SCI * 11,412 104
Symbol Technologies 4,700 69
Tektronix 2,000 68
Vishay Intertechnology * 3,468 64
National Instruments (ss.) 2,100 64
Avnet * 2,748 62
Amphenol * 1,800 60
AVX (ss.) 4,100 59
Aeroflex * 3,900 56
Tech Data * 1,400 55
Arrow Electronics * 2,000 54
PerkinElmer 2,635 53
Ingram Micro, Class A * 3,000 43
Trimble Navigation * 1,500 42
Digital Theater Systems *(ss.) 1,500 39
Dionex * 700 39
Electro Scientific Industries * 1,300 37
Napco Security Systems *(ss.) 4,800 36
Maxwell Technologies *(ss.) 2,500 32
Anixter International 900 31
Benchmark Electronics * 1,050 31
Varian * 700 29
X-Rite 2,000 29
KEMET * 2,200 27
Landauer 600 27
Sirenza Microdevices * 5,900 25
Lexar Media *(ss.) 3,700 25
OYO Geospace * 1,300 24
Technitrol * 1,100 24
Coherent *(ss.) 800 24
Veeco *(ss.) 900 23
PC Connection *(ss.) 2,950 19
Nu Horizons Electronics * 2,050 18
Newport * 1,100 18
TTM Technologies *(ss.) 1,400 17
Somera Communications *(ss.) 9,700 16
Park Electrochemical 600 15
Brightpoint *(ss.) 1,100 15
Zomax * 4,000 15
Zygo *(ss.) 1,300 15
Photon Dynamics * 400 14
CTS 1,100 13
Plexus * 900 12
Research Frontiers *(ss.) 1,700 12
Merix *(ss.) 1,000 11
2,353
Internet Software & Services 0.8%
Yahoo! * 31,632 1,149
InterActiveCorp * 15,242 459
VeriSign * 5,340 106
Ask Jeeves *(ss.) 2,100 82
Monster Worldwide * 2,500 64
CNET Networks *(ss.) 5,675 63
Earthlink * 5,730 59
Akamai Technologies *(ss.) 2,900 52
Digitas *(ss.) 4,469 49
S1 * 3,500 35
MarketWatch.com * 2,900 34
Websense * 900 34
eCollege.com *(ss.) 2,000 32
RealNetworks *(ss.) 4,600 31
NetRatings *(ss.) 1,900 31
Interwoven * 2,989 30
DoubleClick * 3,830 30
TippingPoint Technologies *(ss.) 1,100 28
Sonicwall * 3,200 28
Tumbleweed Communications *(ss.) 5,700 24
MatrixOne *(ss.) 3,500 24
Webex Communications *(ss.) 1,100 24
United Online *(ss.) 1,350 24
webMethods *(ss.) 2,310 20
FreeMarkets * 3,000 20
Internet Security Systems * 1,200 18
Entrust Technologies * 3,900 18
Netegrity * 2,050 17
SeeBeyond Technology Corporation * 4,200 16
aQuantive *(ss.) 1,400 14
Ariba *(ss.) 6,700 13
Retek * 1,972 12
Modem Media * 2,200 12
The Knot *(ss.) 2,800 11
Register.com *(ss.) 1,296 8
Kana Software *(ss.) 3,000 7
2,678
IT Services 1.4%
First Data 20,651 919
Automatic Data Processing 14,000 586
Paychex 8,587 291
Electronic Data Systems 11,400 218
Computer Sciences * 4,600 214
Fiserv * 4,375 170
SunGard Data Systems * 6,100 159
Affiliated Computer Services, Class A * 2,900 154
DST Systems * 2,400 115
Unisys * 7,500 104
Total Systems Services (ss.) 4,600 101
Cognizant Technology Solutions * 3,800 97
Iron Mountain * 1,850 89
Sabre Holdings 3,200 89
Ceridian * 3,100 70
Checkfree Holdings *(ss.) 2,100 63
Certegy 1,500 58
Acxiom 2,200 55
National Processing * 1,900 55
Convergys * 3,100 48
MPS Group * 3,600 44
BearingPoint * 4,800 43
Global Payments (ss.) 880 40
Maximus * 1,100 39
BISYS Group * 2,600 37
Sapient *(ss.) 6,000 36
EFunds * 1,906 33
Perot Systems * 2,500 33
CACl International, Class A * 800 32
Titan *(ss.) 2,300 30
Syntel (ss.) 1,800 30
InterCept Group *(ss.) 1,800 29
Intrado *(ss.) 1,700 27
Analysts International * 8,700 27
CSG Systems International * 1,200 25
AnswerThink *(ss.) 4,120 24
Startek 600 21
Keane * 1,456 20
Inforte *(ss.) 1,700 17
Pegasus Solutions *(ss.) 1,250 16
Igate Capital *(ss.) 4,000 16
Forrester Research *(ss.) 800 15
Sykes Enterprises * 1,800 14
CIBER * 1,500 12
Medquist * 900 10
Indus International *(ss.) 4,700 10
Safeguard Scientifics *(ss.) 4,100 9
Lightbridge *(ss.) 1,678 9
Intelligroup * 1,800 9
Management Network Group * 1,200 3
4,365
Office Electronics 0.1%
Xerox * 18,500 268
Zebra Technologies * 1,100 96
364
Semiconductor & Semiconductor Equipment 3.4%
Intel 150,490 4,154
Texas Instruments 40,400 977
Applied Materials * 38,478 755
Analog Devices 8,300 391
Maxim Integrated Products 7,121 373
Broadcom, Class A * 7,700 360
Linear Technology 7,200 284
Xilinx 8,300 276
KLA-Tencor * 4,700 232
Micron Technology * 14,700 225
National Semiconductor * 9,000 198
Altera * 8,800 196
Microchip Technology 4,464 141
Advanced Micro Devices *(ss.) 8,200 130
Novellus Systems * 3,800 119
Teradyne * 4,200 95
Agere Systems, Class A * 35,789 82
Lam Research * 3,000 80
NVIDIA * 3,700 76
Diodes * 2,850 68
LSI Logic * 8,306 63
Atmel * 10,600 63
Intersil Holding, Class A 2,796 61
Cognex 1,500 58
International Rectifier * 1,300 54
Silicon Laboratories *(ss.) 1,100 51
Varian Semiconductor Equipment * 1,200 46
Conexant Systems * 10,416 45
Skyworks Solutions *(ss.) 5,079 44
Fairchild Semiconductor * 2,600 43
Vitesse Semiconductor * 8,600 42
Integrated Circuit Systems * 1,500 41
FEI *(ss.) 1,700 41
Entegris * 3,500 40
Cypress Semiconductor *(ss.) 2,800 40
DSP Group * 1,400 38
Rambus *(ss.) 2,100 37
Kulicke & Soffa *(ss.) 3,300 36
Semtech * 1,500 35
Siliconix * 700 35
RF Micro Devices *(ss.) 4,600 34
Microsemi * 2,400 34
Mattson Technology * 2,800 34
ON Semiconductor * 6,500 33
Axcelis Technologies * 2,614 33
Omnivision Technologies *(ss.) 2,000 32
Integrated Device Technology * 2,300 32
Amkor Technology *(ss.) 3,800 31
Applied Micro Circuits * 5,842 31
Cymer * 800 30
Zoran * 1,614 30
Cabot Microelectronics *(ss.) 964 29
DuPont Photomasks *(ss.) 1,400 28
QuickLogic * 7,800 27
Integrated Silicon Solution *(ss.) 2,200 27
Mykrolis * 1,541 27
LTX * 2,400 26
Micrel * 2,100 25
MKS Instruments * 1,113 25
Transmeta *(ss.) 11,400 25
Silicon Storage Technology *(ss.) 2,400 25
Pericom Semiconductor * 2,200 24
ESS Technology *(ss.) 2,100 22
Advanced Energy Industries * 1,400 22
TriQuint Semiconductor * 3,890 21
Chippac *(ss.) 3,300 21
Cohu 1,000 19
Credence Systems *(ss.) 1,300 18
CEVA *(ss.) 2,266 18
Power Integrations * 700 17
Nanometrics *(ss.) 1,500 17
Pixelworks *(ss.) 1,100 17
Actel * 900 17
Virage Logic *(ss.) 1,800 16
Rudolph Technologies * 900 16
Monolithic Systems Technology * 2,100 16
Semitool * 1,300 15
MIPS Technologies * 2,400 15
Cirrus Logic *(ss.) 2,400 14
Sipex *(ss.) 2,400 14
Helix Technology 600 13
Lattice Semiconductor *(ss.) 1,800 13
ATMI *(ss.) 400 11
ANADIGICS *(ss.) 2,100 11
Kopin *(ss.) 2,000 10
Three-Five Systems *(ss.) 1,500 8
11,148
Software 4.1%
Microsoft 250,650 7,159
Oracle * 120,800 1,441
Computer Associates 13,357 375
Electronic Arts * 6,600 360
Symantec * 7,400 324
VERITAS Software * 9,575 265
Adobe Systems 5,300 246
Intuit * 4,500 174
PeopleSoft * 8,991 166
Siebel Systems * 12,900 138
Autodesk 3,000 128
Synopsys * 3,870 110
Mercury Interactive * 2,000 100
Red Hat *(ss.) 4,100 94
BMC Software * 5,000 93
Cadence Design Systems * 5,700 83
Novell * 9,334 78
Citrix Systems * 3,600 73
BEA Systems * 8,400 69
Network Associates * 3,337 61
FileNet * 1,800 57
Jack Henry & Associates 2,800 56
Activision * 3,525 56
Compuware * 8,400 55
RSA Security *(ss.) 2,600 53
Fair Isaac (ss.) 1,572 52
Macromedia * 2,080 51
Sybase * 2,810 51
Viewpoint Corporation *(ss.) 24,900 49
Ansys *(ss.) 1,000 47
FactSet Research Systems (ss.) 900 43
Hyperion Solutions * 970 42
Reynolds & Reynolds 1,800 42
Renaissance Learning (ss.) 1,800 40
TIBCO Software * 4,700 40
Ansoft *(ss.) 2,600 40
Quality Systems * 800 39
Mentor Graphics * 2,500 39
Wind River Systems * 3,272 38
Macrovision *(ss.) 1,500 38
Kronos * 900 37
SERENA Software *(ss.) 1,900 36
Quest Software * 2,700 35
Progress Software * 1,600 35
Roxio *(ss.) 6,913 34
Midway Games *(ss.) 2,839 33
THQ *(ss.) 1,250 29
MapInfo *(ss.) 2,700 29
Embarcadero * 2,300 28
Parametric Technology * 5,500 28
Advent Software * 1,500 27
EPlus * 2,300 25
Magma Design Automation *(ss.) 1,200 23
Borland Software *(ss.) 2,700 23
Ulticom *(ss.) 1,900 22
Informatica * 2,900 22
WatchGuard Technologies * 3,000 22
Manhattan Associates *(ss.) 700 22
Secure Computing *(ss.) 1,800 21
Micromuse *(ss.) 3,100 21
Agile Software * 2,300 20
Witness Systems * 1,600 19
JDA Software Group * 1,400 18
Ascential Software * 1,075 17
Aspen Technology *(ss.) 2,300 17
Accelrys *(ss.) 1,600 16
E.piphany * 3,225 16
NetIQ * 1,168 15
Verity * 1,100 15
Nuance Communications *(ss.) 3,200 15
OPNET Technologies * 1,100 14
Evans & Sutherland Computer * 3,000 14
Manugistics Group * 4,100 13
NetScout Systems *(ss.) 1,900 13
QRS * 1,900 12
Concord Communications *(ss.) 800 9
Atari (ss.) 2,700 7
Moldflow * 500 5
Vastera *(ss.) 1,800 5
ONYX Software * 250 1
13,278
Total Information Technology 53,496
MATERIALS 3.1%
Chemicals 1.5%
DuPont 23,209 1,031
Dow Chemical 21,299 867
Praxair 7,300 291
Air Products and Chemicals 5,500 288
Monsanto 6,180 238
PPG Industries 3,800 237
Rohm & Haas 5,500 229
Ecolab 5,900 187
Engelhard 3,400 110
Eastman Chemical 2,100 97
Sigma Aldrich 1,500 89
International Flavors & Fragrances 2,100 79
Lyondell Chemical (ss.) 4,100 71
W. R. Grace *(ss.) 10,400 65
Valspar 1,200 61
Hercules * 4,700 57
FMC * 1,100 47
Airgas 1,900 45
Cabot 1,100 45
Scotts, Class A * 700 45
Valhi (ss.) 3,700 42
Cytec Industries 900 41
Georgia Gulf 1,000 36
RPM 2,300 35
Ferro 1,300 35
MacDermid 1,000 34
NL Industries (ss.) 2,300 33
Lubrizol 900 33
IMC Global 2,400 32
H.B. Fuller 1,100 31
Terra Nitrogen Com L.P. * 2,600 31
Headwaters Incorporated *(ss.) 1,200 31
Hawkins Chemical (ss.) 2,500 30
Great Lakes Chemical 1,100 30
Calgon Carbon (ss.) 4,000 27
Sensient Technologies Corporation (ss.) 1,200 26
Spartech 900 23
Millennium Chemicals * 1,300 23
Kronos Worldwide (ss.) 631 22
OMNOVA Solutions * 3,500 21
Arch Chemicals 600 17
Crompton 2,500 16
A. Schulman 600 13
American Pacific (ss.) 1,700 13
4,854
Construction Materials 0.1%
Vulcan Materials 2,800 133
Lafarge 1,400 61
Martin Marietta Materials 1,100 49
Eagle Materials (ss.) 466 33
276
Containers & Packaging 0.3%
Smurfit-Stone Container * 5,690 114
Pactiv * 4,500 112
Ball 1,500 108
Sealed Air * 1,900 101
Temple-Inland 1,200 83
Bemis 2,600 73
Owens-Illinois * 3,300 55
Crown Cork & Seal * 5,500 55
Sonoco Products 1,900 48
Packaging Corp of America 2,000 48
Aptargroup 900 39
Chesapeake Corp. 1,200 32
Myers Industries 1,782 25
Longview Fibre 1,400 21
Caraustar * 1,400 20
Rock-Tenn 800 14
948
Metals & Mining 0.8%
Alcoa 20,520 678
Newmont Mining 9,400 364
Phelps Dodge * 2,228 173
Freeport McMoRan Copper Gold 4,400 146
Nucor (ss.) 1,700 130
CONSOL Energy (ss.) 3,000 108
USX-U.S. Steel Group 2,800 98
Peabody Energy 1,700 95
Glamis Gold *(ss.) 3,600 63
Alliance Resource Partners *(ss.) 1,300 61
International Steel * 2,000 60
Allegheny Technologies 3,250 59
Commercial Metals (ss.) 1,700 55
Worthington Industries 2,600 53
Arch Coal 1,446 53
Massey 1,700 48
Stillwater Mining *(ss.) 2,805 42
Carpenter Technology 1,200 41
GrafTech International * 3,900 41
Hecla Mining *(ss.) 6,300 36
Ryerson Tull 2,200 35
Coeur d'Alene Mines *(ss.) 7,900 32
Quanex (ss.) 600 29
AK Steel *(ss.) 3,600 19
Royal Gold (ss.) 1,000 14
2,533
Paper & Forest Products 0.4%
International Paper 11,784 527
Weyerhaeuser 4,800 303
Georgia-Pacific 5,940 220
MeadWestvaco 4,252 125
Louisiana Pacific 3,300 78
Bowater 1,700 71
P.H. Glatfelter 1,800 25
Potlatch (ss.) 600 25
Wausau-Mosinee Paper 1,100 19
Schweitzer Mauduit 600 18
Pope & Talbot 900 18
Buckeye Technologies * 1,300 15
Badger Paper Mills *(ss.) 2,300 11
FiberMark * 13,600 2
1,457
Total Materials 10,068
TELECOMMUNICATION SERVICES 2.9%
Diversified Telecommunication Services 2.2%
Verizon Communications 64,060 2,318
SBC Communications 76,797 1,862
BellSouth 41,800 1,096
Sprint 34,100 600
Alltel 7,700 390
AT&T 18,223 267
Qwest Communications International * 39,925 143
NTL * 2,300 133
Centurytel 2,575 77
Citizens Communications *(ss.) 5,940 72
Level 3 Communications *(ss.) 15,000 53
Atlantic Tele Network 1,600 52
IDT *(ss.) 2,000 36
Commonwealth Telephone Enterprises *(ss.) 800 36
Cincinnati Bell * 5,248 23
General Communications * 2,900 23
D&E Communications (ss.) 1,249 17
CT Communications (ss.) 1,000 15
Time Warner Telecom *(ss.) 3,300 14
US LEC *(ss.) 2,900 12
Covista Communications * 3,500 9
7,248
Wireless Telecommunication Services 0.7%
AT&T Wireless * 60,666 869
Nextel Communications, Class A * 24,800 661
Telephone and Data Systems 1,200 85
Western Wireless, Class A * 2,800 81
Crown Castle International * 4,800 71
U. S. Cellular * 1,800 69
American Tower Systems * 4,400 67
Nextel Partners, Class A *(ss.) 4,000 64
Alamosa Holdings *(ss.) 6,000 44
Wireless Facilities *(ss.) 3,700 36
Price Communications 2,285 34
Centennial Communication * 3,700 26
Spectrasite * 500 22
EMS Technologies * 900 18
Triton PCS Holdings, Class A *(ss.) 3,600 16
Boston Communications Group *(ss.) 1,500 15
Aether Systems * 4,450 15
Metro One Telecommunications *(ss.) 8,950 13
@Road *(ss.) 1,200 9
2,215
Total Telecommunication Services 9,463
UTILITIES 2.7%
Electric Utilities 1.7%
Exelon 15,924 530
Southern Company 17,700 516
TXU 7,300 296
PG&E * 10,500 293
FirstEnergy 7,660 287
American Electric Power 8,440 270
Entergy 4,800 269
FPL Group 4,200 269
Progress Energy 5,230 230
Consolidated Edison 4,800 191
PPL 3,900 179
Edison International 6,800 174
XCEL Energy 9,530 159
Ameren (ss.) 3,600 155
DTE Energy 3,749 152
CINergy 3,800 144
PEPCO Holdings 4,300 79
CenterPoint Energy (ss.) 6,700 77
Pinnacle West Capital 1,900 77
Allegheny Energy *(ss.) 4,800 74
Wisconsin Energy 2,200 72
DPL 3,600 70
Great Plains Energy 2,200 65
Puget Energy 2,700 59
Alliant 2,200 57
Northeast Utilities 2,900 56
NSTAR 1,100 53
OGE Energy 1,900 48
Teco Energy (ss.) 4,000 48
Public Service of New Mexico 2,250 47
WPS Resources 1,000 46
Western Resources 2,200 44
Madison Gas & Electric 1,300 42
CMS Energy *(ss.) 4,400 40
Unisource Energy (ss.) 1,600 40
CH Energy Group (ss.) 800 37
DQE (ss.) 1,900 37
Hawaiian Electric Industries (ss.) 1,400 37
Central Vermont Public Service (ss.) 1,700 35
Texas Genco Holdings (ss.) 760 34
IdaCorp (ss.) 1,100 30
Otter Tail (ss.) 1,100 30
United Illuminating (ss.) 600 29
El Paso Electric * 1,700 26
Empire District Electronics (ss.) 1,300 26
Cleco 1,300 23
5,552
Gas Utilities 0.2%
KeySpan 3,600 132
NiSource 5,608 116
Southern Union (ss.) 2,677 56
UGI 1,700 55
Washington Gas & Light (ss.) 1,600 46
Piedmont Natural Gas Company (ss.) 1,000 43
Peoples Energy (ss.) 1,000 42
NICOR (ss.) 1,100 37
Atmos Energy (ss.) 1,300 33
Cascade Natural Gas (ss.) 1,500 33
Laclede Gas (ss.) 1,100 30
NUI (ss.) 1,500 22
645
Multi-Utilities & Unregulated Power 0.8%
Dominion Resources 7,420 468
Duke Energy 22,500 457
Public Service Enterprise 5,600 224
Sempra Energy 4,951 170
AES * 16,555 164
Constellation Energy Group 3,600 136
Questar 2,400 93
SCANA 2,468 90
Equitable Resources 1,500 78
Energy East 2,700 65
Reliant Resources * 5,337 58
MDU Resources Group 2,300 55
National Fuel Gas Company 2,200 55
ONEOK 2,300 51
Avista 2,500 46
Vectren 1,700 43
Calpine *(ss.) 9,800 42
Dynegy, Class A *(ss.) 9,136 39
Sierra Pacific Resources *(ss.) 3,700 29
Aquila * 4,800 17
2,380
Water Utilities 0.0%
Aqua America 2,543 51
California Water Service Group (ss.) 1,100 30
81
Total Utilities 8,658
Total Common Stocks (Cost $290,333) 318,406
SHORT-TERM INVESTMENTS 1.8%
U.S. Treasury Obligations 0.3%
U.S. Treasury Bills, 1.025%, 8/12/04++ 1,000,000 999
999
Money Market Fund 1.5%
T. Rowe Price Reserve Investment Fund, 1.16% # 4,964,656 4,965
4,965
Total Short-Term Investments (Cost $5,964) 5,964
SECURITIES LENDING COLLATERAL 7.2%
Money Market Pooled Account 7.2%
State Street Bank and Trust Company
of New Hampshire N.A. Securities
Lending Quality Trust units, 1.22% # 23,333,183 23,333
Total Securities Lending Collateral (Cost $23,333) 23,333
Total Investments in Securities
107.0% of Net Assets (Cost $319,629) $ 347,703
----------
Futures Contracts
($ 000s)
Contract Unrealized
Expiration Value Gain (Loss)
---------- -------- -----------
Long, 18 S&P 500 contracts,
$308 par of U.S. Treasury Bills
pledged as initial margin 9/04 $ 5,132 $ 37
Long, 2 S&P Mid-Cap 400 contracts,
$30 par of U.S. Treasury Bills
pledged as initial margin 9/04 608 13
Long, 1 NASDAQ 100 contracts,
$15 par of U.S. Treasury Bills
pledged as initial margin 9/04 152 5
Long, 1 Russell 2000 contracts,
$15 par of U.S. Treasury Bills
pledged as initial margin 9/04 296 9
Long, 2 S&P Mini 500 contracts,
$8 par of U.S. Treasury Bills
pledged as initial margin 9/04 114 1
Net payments (receipts) of variation
margin to date (35)
Variation margin receivable (payable)
on open futures contracts $ 30
----------
(1) Denominated in U.S. dollar unless otherwise noted
# Seven-day yield
* Non-income producing
(ss.) All or a portion of this security is on loan at June 30, 2004 - See Note 2
++ All or a portion of this security is pledged to cover margin requirements
on futures contracts at June 31, 2004.
@ Valued by the T. Rowe Price Valuation Committee, established by the fund's
Board of Directors
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited) June 30, 2004
STATEMENT OF ASSETS AND LIABILITIES
- --------------------------------------------------------------------------------
(In thousands except shares and per share amounts)
Assets
Investments in securities, at value (cost $319,629) $ 347,703
Other assets 975
Total assets 348,678
Liabilities
Obligation to return securities lending collateral 23,333
Other liabilities 493
Total liabilities 23,826
NET ASSETS $ 324,852
----------------
Net Assets Consist of:
Undistributed net investment income (loss) $ 1,710
Undistributed net realized gain (loss) (20,477)
Net unrealized gain (loss) 28,139
Paid-in-capital applicable to 27,105,862 shares of
$0.0001 par value capital stock outstanding;
1,000,000,000 shares of the Corporation authorized 315,480
NET ASSETS $ 324,852
----------------
NET ASSET VALUE PER SHARE $ 11.98
----------------
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
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Certified Semiannual Report (Unaudited)
STATEMENT OF OPERATIONS
- --------------------------------------------------------------------------------
($ 000s)
6 Months
Ended
6/30/04
Investment Income (Loss)
Income
Dividend $ 2,303
Securities lending 23
Interest 5
Total income 2,331
Investment management and administrative expense 621
Net investment income (loss) 1,710
Realized and Unrealized Gain (Loss)
Net realized gain (loss)
Securities (1,249)
Futures 419
Net realized gain (loss) (830)
Change in net unrealized gain (loss)
Securities 10,602
Futures (228)
Change in net unrealized gain (loss) 10,374
Net realized and unrealized gain (loss) 9,544
INCREASE (DECREASE) IN NET
ASSETS FROM OPERATIONS $ 11,254
----------------
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
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Certified Semiannual Report (Unaudited)
STATEMENT OF CHANGES IN NET ASSETS
- --------------------------------------------------------------------------------
($ 000s)
6 Months Year
Ended Ended
6/30/04 12/31/03
Increase (Decrease) in Net Assets
Operations
Net investment income (loss) $ 1,710 $ 2,922
Net realized gain (loss) (830) 164
Change in net unrealized gain (loss) 10,374 63,153
Increase (decrease) in net
assets from operations 11,254 66,239
Distributions to shareholders
Net investment income - (3,015)
Capital share transactions *
Shares sold 42,673 94,263
Distributions reinvested - 2,844
Shares redeemed (23,053) (34,056)
Redemption fees received 11 12
Increase (decrease) in net assets from
capital share transactions 19,631 63,063
Net Assets
Increase (decrease) during period 30,885 126,287
Beginning of period 293,967 167,680
End of period $ 324,852 $ 293,967
---------------------------
(Including undistributed net investment income
of $1,710 at 6/30/04 and $0 at 12/31/03)
*Share information
Shares sold 3,614 9,798
Distributions reinvested - 255
Shares redeemed (1,961) (3,416)
Increase (decrease) in shares outstanding 1,653 6,637
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
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Certified Semiannual Report (Unaudited) June 30, 2004
NOTES TO FINANCIAL STATEMENTS
- --------------------------------------------------------------------------------
NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES
T. Rowe Price Index Trust, Inc. (the trust) is registered under the Investment
Company Act of 1940 (the 1940 Act). The Total Equity Market Index Fund (the
fund), a diversified, open-end management investment company, is one portfolio
established by the trust and commenced operations on January 30, 1998. The fund
seeks to match the performance of the entire U.S. stock market, as represented
by the Wilshire 5000 Total Market Index.
The accompanying financial statements were prepared in accordance with
accounting principles generally accepted in the United States of America, which
require the use of estimates made by fund management.
Valuation
The fund values its investments and computes its net asset value per share at
the close of the New York Stock Exchange (NYSE), normally 4 p.m. ET, each day
that the NYSE is open for business. Equity securities listed or regularly traded
on a securities exchange or in the over-the-counter market are valued at the
last quoted sale price at the time the valuations are made, except for OTC
Bulletin Board securities, which are valued at the mean of the latest bid and
asked prices. A security that is listed or traded on more than one exchange is
valued at the quotation on the exchange determined to be the primary market for
such security. Listed securities not traded on a particular day are valued at
the mean of the latest bid and asked prices. Debt securities with original
maturities of less than one year are valued at amortized cost in local currency,
which approximates fair value when combined with accrued interest.
Investments in mutual funds are valued at the mutual fund's closing net asset
value per share on the day of valuation. Financial futures contracts are valued
at closing settlement prices.
Other investments and those for which the above valuation procedures are
inappropriate or are deemed not to reflect fair value are stated at fair value
as determined in good faith by the T. Rowe Price Valuation Committee,
established by the fund's Board of Trustees.
Redemption Fees
A 0.5% fee is assessed on redemptions of fund shares held less than 90 days to
deter short-term trading and protect the interests of long-term shareholders.
Redemption fees are withheld from proceeds that shareholders receive from the
sale or exchange of fund shares. The fees are paid to the fund, and have the
primary effect of increasing paid-in capital.
Investment Transactions, Investment Income, and Distributions
Income and expenses are recorded on the accrual basis. Premiums and discounts on
debt securities are amortized for financial reporting purposes. Dividends
received from mutual fund investments are reflected as dividend income; capital
gain distributions are reflected as realized gain/loss. Dividend income and
capital gain distributions are recorded on the ex-dividend date. Investment
transactions are accounted for on the trade date. Realized gains and losses are
reported on the identified cost basis. Payments ("variation margin") made or
received to settle the daily fluctuations in the value of futures contracts are
recorded as unrealized gains or losses until the contracts are closed.
Unrealized gains and losses on futures contracts are included in other assets
and other liabilities, respectively, and in the change in net unrealized gain or
loss in the accompanying financial statements. Distributions to shareholders are
recorded on the ex-dividend date. Income distributions are declared and paid an
annual basis. Capital gain distributions, if any, are declared and paid by the
fund, typically on an annual basis.
Other
In the normal course of business, the fund enters into contracts that provide
general indemnifications. The fund's maximum exposure under these arrangements
is dependent on claims that may be made against the fund in the future and,
therefore, cannot be estimated; however, based on experience, the risk of
material loss from such claims is considered remote.
NOTE 2 - INVESTMENT TRANSACTIONS
Consistent with its investment objective, the fund engages in the following
practices to manage exposure to certain risks or enhance performance. The
investment objective, policies, program, and risk factors of the fund are
described more fully in the fund's prospectus and Statement of Additional
Information.
Futures Contracts
During the six months ended June 30, 2004, the fund was a party to futures
contracts, which provide for the future sale by one party and purchase by
another of a specified amount of a specific financial instrument at an agreed
upon price, date, time, and place. Risks arise from possible illiquidity of the
futures market and from movements in security values.
Securities Lending
The fund lends its securities to approved brokers to earn additional income. It
receives as collateral cash and U.S. government securities valued at 102% to
105% of the value of the securities on loan. Cash collateral is invested in a
money market pooled trust managed by the fund's lending agent
in accordance with investment guidelines approved by fund management. Collateral
is maintained over the life of the loan in an amount not less than the value of
loaned securities, as determined at the close of fund business each day; any
additional collateral required due to changes in security values is delivered to
the fund the next business day. Although risk is mitigated by the collateral,
the fund could experience a delay in recovering its securities and a possible
loss of income or value if the borrower fails to return the securities.
Securities lending revenue recognized by the fund consists of earnings on
invested collateral and borrowing fees, net of any rebates to the borrower and
compensation to the lending agent. At June 30, 2004, the value of loaned
securities was $22,848,000; aggregate collateral consisted of $23,333,000 in the
money market pooled trust and U.S. government securities valued at $52,000.
Other
Purchases and sales of portfolio securities, other than short-term securities,
aggregated $29,191,000 and $5,884,000, respectively, for the six months ended
June 30, 2004.
NOTE 3 - FEDERAL INCOME TAXES
No provision for federal income taxes is required since the fund intends to
continue to qualify as a regulated investment company under Subchapter M of the
Internal Revenue Code and distribute to shareholders all of its taxable income
and gains. Federal income tax regulations differ from generally accepted
accounting principles; therefore, distributions determined in accordance with
tax regulations may differ in amount or character from net investment income and
realized gains for financial reporting purposes. Financial reporting records are
adjusted for permanent book/tax differences to reflect tax character. Financial
records are not adjusted for temporary differences. The amount and character of
tax-basis distributions and composition of net assets are finalized at fiscal
year-end; accordingly, tax-basis balances have not been determined as of June
30, 2004.
The fund intends to retain realized gains to the extent of available capital
loss carryforwards. As of December 31, 2003, the fund had $19,325,000 of unused
capital loss carryforwards, of which $6,266,000 expire in 2009, and $13,059,000
expire in 2010.
At June 30, 2004, the cost of investments for federal income tax purposes was
$319,629,000. Net unrealized gain aggregated $28,139,000 at period-end, of which
$57,774,000 related to appreciated investments and $29,635,000 related to
depreciated investments.
NOTE 4 - RELATED PARTY TRANSACTIONS
The fund is managed by T. Rowe Price Associates, Inc. (the manager or Price
Associates), a wholly owned subsidiary of T. Rowe Price Group, Inc. The
investment management and administrative agreement between the fund and the
manager provides for an all-inclusive annual fee equal to 0.40% of the fund's
average daily net assets. The fee is computed daily and paid monthly. The
agreement provides that investment management, shareholder servicing, transfer
agency, accounting, and custody services are provided to the fund, and interest,
taxes, brokerage commissions, directors' fees and expenses, and extraordinary
expenses are paid directly by the fund. At June 30, 2004, $182,000 was payable
under the agreement.
The fund may invest in the T. Rowe Price Reserve Investment Fund and the T. Rowe
Price Government Reserve Investment Fund (collectively, the Reserve Funds),
open-end management investment companies managed by Price Associates. The
Reserve Funds are offered as cash management options to mutual funds, trusts,
and other accounts managed by Price Associates and/or its affiliates, and are
not available for direct purchase by members of the public. The Reserve Funds
pay no investment management fees. During the six months ended June 30, 2004,
dividend income from the Reserve Funds totaled $35,000.
T. Rowe Price Total Equity Market Index Fund
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Certified Semiannual Report
INFORMATION ON PROXY VOTING
- --------------------------------------------------------------------------------
A description of the policies and procedures that the T. Rowe Price Total Equity
Market Index Fund uses to determine how to vote proxies relating to portfolio
securities is available, without charge, upon request by calling 1-800-225-5132.
It also appears in the fund's Statement of Additional Information (Form 485B),
which can be found on the SEC's Web site, www.sec.gov.
Item 2. Code of Ethics.
A code of ethics, as defined in Item 2 of Form N-CSR, applicable to its
principal executive officer, principal financial officer, principal accounting
officer or controller, or persons performing similar functions is filed as an
exhibit to the registrant's annual Form N-CSR. No substantive amendments were
approved or waivers were granted to this code of ethics during the registrant's
most recent fiscal half-year.
Item 3. Audit Committee Financial Expert.
Disclosure required in registrant's annual Form N-CSR.
Item 4. Principal Accountant Fees and Services.
Disclosure required in registrant's annual Form N-CSR.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
Not applicable. The complete schedule of investments is included in Item 1 of
this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End
Management Investment Companies.
Not applicable.
Item 8. Purchases of Equity Securities by Closed-End Management Investment
Company and Affiliated Purchasers.
Not applicable.
Item 9. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 10. Controls and Procedures.
(a) The registrant's principal executive officer and principal financial officer
have evaluated the registrant's disclosure controls and procedures within 90
days of this filing and have concluded that the registrant's disclosure controls
and procedures were effective, as of that date, in ensuring that information
required to be disclosed by the registrant in this Form N-CSR was recorded,
processed, summarized, and reported timely.
(b) The registrant's principal executive officer and principal financial officer
are aware of no changes in the registrant's internal control over financial
reporting that occurred during the registrant's most recent fiscal half-year
that has materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting.
Item 11. Exhibits.
(a)(1) The registrant's code of ethics pursuant to Item 2 of Form N-CSR is filed
with the registrant's annual Form N-CSR.
(2) Separate certifications by the registrant's principal executive officer
and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of
1940, are attached.
(3) Written solicitation to repurchase securities issued by closed-end
companies: not applicable.
(b) A certification by the registrant's principal executive officer and
principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940,
is attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
T. Rowe Price Index Trust, Inc.
By: /s/ James S. Riepe
James S. Riepe
Principal Executive Officer
Date: August 16, 2004
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ James S. Riepe
James S. Riepe
Principal Executive Officer
Date: August 16, 2004
By: /s/ Joseph A. Carrier
Joseph A. Carrier
Principal Financial Officer
Date: August 16, 2004