EXHIBIT 23.2


                       CONSENT OF INDEPENDENT ACCOUNTANTS


     We hereby  consent to the  incorporation  by reference in the  Registration
Statement on Form S-8,  pertaining  to the T. Rowe Price  Associates,  Inc. 1998
Director  Stock Option Plan, of our report dated January 26, 1999,  appearing on
page 22 of the T. Rowe Price Associates, Inc. Annual Report on Form 10-K for the
year ended December 31, 1998.


                                   /s/ PricewaterhouseCoopers LLP
                                   ------------------------------
Baltimore, Maryland
November 11, 1999