We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A (the "Registration Statement") of our report dated February 11, 2005, relating to the financial statements and financial highlights appearing in the December 31, 2004 Annual Report to Shareholders of T. Rowe Price New America Growth Fund, which is incorporated by reference into the Registration Statement. We also consent to the references to us under the headings "Financial Highlights" and "Independent Registered Public Accounting Firm" in such Registration Statement.