T. ROWE PRICE ASSOCIATES, INC.
                                
                        Power of Attorney

     KNOW ALL MEN BY THESE PRESENTS, that the undersigned
directors and officers of T. Rowe Price Associates, Inc., a
Maryland corporation, constitute and appoint George J. Collins,
George A. Roche, and Alvin M. Younger, Jr. or any one of them,
the true and lawful agents and attorneys-in-fact of the
undersigned with full power and authority in said agents and
attorneys-in-fact, and in any one or more of them, to sign for
the undersigned in their respective names as directors and
officers of T. Rowe Price Associates, Inc., a Registration
Statement on Form S-8 (or other appropriate form) to be filed
with the Securities and Exchange Commission under the Securities
Act of 1933 and any amendment or supplement to such registration
statement relating to the sale of common stock under the T. Rowe
Price Associates, Inc. 1995 Director Stock Option Plan.  We
hereby confirm all acts taken by such agents and attorneys-in-
fact, or any one or more of them, as herein authorized.


DATED:    April 21, 1995




                                   /s/
                                   George J. Collins,
                                   Principal Executive Officer and Director


                                   /s/
                                   George A. Roche,
                                   Principal Financial Officer and Director


                                   /s/
                                   Alvin M. Younger, Jr.
                                   Principal Accounting Officer



	                                   /s/
            	 	                     Thomas H. Broadus, Jr.
                                
                                
                    	               /s/ 
                                    Carter O. Hoffman
                                
                                
                  	                 /s/
                        	           Henry H. Hopkins
                                
                                
                    	               /s/
                         	          James S. Riepe
                                
                                
                    	               /s/
                        	           M. David Testa