CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated January
25, 1995, appearing on page 22 of the T. Rowe Price Associates,
Inc. Annual Report on Form 10-K for the year ended December 31,
1994.

/s/  PRICE WATERHOUSE LLP

Baltimore, Maryland
April 20, 1995