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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LfiGVETwC5BnB6qKQoqzMVR6gbO7YY6pnk4aogbTzaVNyla8jsybPjVvUr3JMB34
 EVkmWBHlTXEc9slMcehdrA==

<SEC-DOCUMENT>9999999995-10-001968.txt : 20100629
<SEC-HEADER>9999999995-10-001968.hdr.sgml : 20100629
<ACCEPTANCE-DATETIME>20100629001521
ACCESSION NUMBER:		9999999995-10-001968
CONFORMED SUBMISSION TYPE:	EFFECT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100628
DATE AS OF CHANGE:		20100629
EFFECTIVENESS DATE:		20100628

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			T. Rowe Price Real Assets Fund, Inc.
		CENTRAL INDEX KEY:			0001486048
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-166395
		FILM NUMBER:		10921448

	BUSINESS ADDRESS:	
		STREET 1:		100 EAST PRATT STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
		BUSINESS PHONE:		410-345-4981

	MAIL ADDRESS:	
		STREET 1:		100 EAST PRATT STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0001486048
<SERIES-ID>S000029428
<SERIES-NAME>T. Rowe Price Real Assets Fund, Inc.
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000090373
<CLASS-CONTRACT-NAME>T. Rowe Price Real Assets Fund, Inc.
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>EFFECT
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2010-06-28</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>13:15:00</finalEffectivenessDispTime>
        <form>N-1A</form>
        <filer>
            <cik>0001486048</cik>
            <entityName>T. Rowe Price Real Assets Fund, Inc.</entityName>
            <fileNumber>333-166395</fileNumber>
            <seriesClassContractData>
                <existing>
                    <seriesId>S000029428</seriesId>
                    <seriesName>T. Rowe Price Real Assets Fund, Inc.</seriesName>
                    <classContractId>C000090373</classContractId>
                    <classContractName>T. Rowe Price Real Assets Fund, Inc.</classContractName>
                </existing>
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</TEXT>
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