PAGE 1
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. __)
Filed by the Registrant [X]
Filed by a party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material pursuant to Rule 14a-11(c) or Section Rule 14a-12
[ ] Confidential, For Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
T. Rowe Price Blue Chip Growth Fund 033-49581/811-7059
T. Rowe Price Balanced Fund 033-38791/811-6275
T. Rowe Price Capital Appreciation Fund 033-05646/811-4519
T. Rowe Price Capital Opportunity Fund 033-56015/811-07225
T. Rowe Price Developing Technologies Fund 333-40558/811-10003
T. Rowe Price Diversified Small-Cap Growth Fund 333-26323/811-08203
T. Rowe Price Dividend Growth Fund 033-49187/811-7055
T. Rowe Price Equity Income Fund 033-00070/811-4400
T. Rowe Price Equity Series 033-52161/811-07143
T. Rowe Price Financial Services Fund 333-09551/811-07749
T. Rowe Price Global Technology Fund 333-40086/811-09995
T. Rowe Price Growth & Income Fund 002-79190/811-3566
T. Rowe Price Health Sciences Fund 033-63759/811-07381
T. Rowe Price Index Trust 033-32859/811-5986
Institutional Equity Funds 333-04753/811-07639
Institutional International Funds 033-29697/811-5833
T. Rowe Price International Funds 002-65539/811-2958
T.Rowe Price International Index Fund 333-44964/811-10063
T. Rowe Price International Series 033-52171/811-07145
T. Rowe Price Media & Telecommunications 033-27963/811-07075
T. Rowe Price Mid-Cap Growth Fund 033-47806/811-6665
T. Rowe Price Mid-Cap Value Fund 333-02993/811-07605
T. Rowe Price New America Growth Fund 002-99122/811-4358
T. Rowe Price Real Estate Fund 333-36137/811-08371
T. Rowe Price Science & Technology Fund 033-16567/811-5299
T. Rowe Price Small-Cap Stock Fund 002-12171/811-696
T. Rowe Price Small-Cap Value Fund 002-43237/811-2215
T. Rowe Price Spectrum Fund 033-10992/811-4998
T. Rowe Price Value Fund 033-54963/811-07209
T. Rowe Price California Tax-Free Income Trust 033-08093/811-4525
T. Rowe Price Corporate Income Fund 033-62275/811-07353
T. Rowe Price Fixed Income Series 033-52749/811-07153
T. Rowe Price GNMA Fund 033-01041/811-4441
T. Rowe Price High Yield Fund 002-93707/811-4119
T. Rowe Price New Income Fund 002-48848/811-2396
T. Rowe Price Personal Strategy Funds 033-53675/811-07173
T. Rowe Price Prime Reserve Fund 002-54926/811-2603
T. Rowe Price Reserve Investment Funds 811-08279
T. Rowe Price Short-Term Bond Fund 022-87568/811-3894
T. Rowe Price State Tax-Free Income Trust 033-06533/811-4521
T. Rowe Price Summit Funds 033-50319/811-7093
T. Rowe Price Summit Municipal Funds 033-50321/811-7095
T. Rowe Price Tax-Efficient Funds 333-26441/811-08207
T. Rowe Price Tax-Exempt Money Fund 002-67029/811-3055
T. Rowe Price Tax-Free High Yield Fund 002-94641/811-4163
T. Rowe Price Tax-Free Income Fund 002-57265/811-2684
T. Rowe Price Tax-Free Intermediate Bond Fund 033-49117/811-7051
T. Rowe Price Tax-Free Short-Intermediate Fund 002-87059/811-3872
T. Rowe Price U. S. Bond Index Fund 333-45018/811-10093
T. Rowe Price U. S. Treasury Funds 033-30531/811-5860
_________________________________________________________________
(Name of Registrant as Specified in its Charter)
T. Rowe Price Blue Chip Growth Fund 033-49581/811-7059
T. Rowe Price Balanced Fund 033-38791/811-6275
T. Rowe Price Capital Appreciation Fund 033-05646/811-4519
T. Rowe Price Capital Opportunity Fund 033-56015/811-07225
T. Rowe Price Developing Technologies Fund 333-40558/811-10003
T. Rowe Price Diversified Small-Cap Growth Fund 333-26323/811-08203
T. Rowe Price Dividend Growth Fund 033-49187/811-7055
T. Rowe Price Equity Income Fund 033-00070/811-4400
T. Rowe Price Equity Series 033-52161/811-07143
T. Rowe Price Financial Services Fund 333-09551/811-07749
T. Rowe Price Global Technology Fund 333-40086/811-09995
T. Rowe Price Growth & Income Fund 002-79190/811-3566
T. Rowe Price Health Sciences Fund 033-63759/811-07381
T. Rowe Price Index Trust 033-32859/811-5986
Institutional Equity Funds 333-04753/811-07639
Institutional International Funds 033-29697/811-5833
T. Rowe Price International Funds 002-65539/811-2958
T.Rowe Price International Index Fund 333-44964/811-10063
T. Rowe Price International Series 033-52171/811-07145
T. Rowe Price Media & Telecommunications 033-27963/811-07075
T. Rowe Price Mid-Cap Growth Fund 033-47806/811-6665
T. Rowe Price Mid-Cap Value Fund 333-02993/811-07605
T. Rowe Price New America Growth Fund 002-99122/811-4358
T. Rowe Price Real Estate Fund 333-36137/811-08371
T. Rowe Price Science & Technology Fund 033-16567/811-5299
T. Rowe Price Small-Cap Stock Fund 002-12171/811-696
T. Rowe Price Small-Cap Value Fund 002-43237/811-2215
T. Rowe Price Spectrum Fund 033-10992/811-4998
T. Rowe Price Value Fund 033-54963/811-07209
T. Rowe Price California Tax-Free Income Trust 033-08093/811-4525
T. Rowe Price Corporate Income Fund 033-62275/811-07353
T. Rowe Price Fixed Income Series 033-52749/811-07153
T. Rowe Price GNMA Fund 033-01041/811-4441
T. Rowe Price High Yield Fund 002-93707/811-4119
T. Rowe Price New Income Fund 002-48848/811-2396
T. Rowe Price Personal Strategy Funds 033-53675/811-07173
T. Rowe Price Prime Reserve Fund 002-54926/811-2603
T. Rowe Price Reserve Investment Funds 811-08279
T. Rowe Price Short-Term Bond Fund 022-87568/811-3894
T. Rowe Price State Tax-Free Income Trust 033-06533/811-4521
T. Rowe Price Summit Funds 033-50319/811-7093
T. Rowe Price Summit Municipal Funds 033-50321/811-7095
T. Rowe Price Tax-Efficient Funds 333-26441/811-08207
T. Rowe Price Tax-Exempt Money Fund 002-67029/811-3055
T. Rowe Price Tax-Free High Yield Fund 002-94641/811-4163
T. Rowe Price Tax-Free Income Fund 002-57265/811-2684
T. Rowe Price Tax-Free Intermediate Bond Fund 033-49117/811-7051
T. Rowe Price Tax-Free Short-Intermediate Fund 002-87059/811-3872
T. Rowe Price U. S. Bond Index Fund 333-45018/811-10093
T. Rowe Price U. S. Treasury Funds 033-30531/811-5860
_______________________________________________________________
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i) and 0-11.
1) Title of each class of securities to which transaction applies:
_______________________________________________________
2) Aggregate number of securities to which transaction applies:
________________________________________________________
3)
Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was determined): (1)
________________________________________________________
4) Proposed maximum aggregate value of transaction:
________________________________________________________
5) Total fee paid:
________________________________________________________
[ ] Fee paid previously with preliminary materials.
PAGE 2
________________________________________________________
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the form or schedule and the date of its filing.
1) Amount previously paid:
_______________________________________________________
2) Form, schedule, or Registration Statement no.:
________________________________________________________
3) Filing party:
________________________________________________________
4) Date filed:
________________________________________________________