GNMA Fund 07/01/2006 - 06/30/2007 

ICA File Number: 811-04441 

Reporting Period: 07/01/2006 - 06/30/2007 

T. Rowe Price GNMA Fund 

FORM N-PX 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT 

INVESTMENT COMPANY 

Investment Company Act file number 811-4441 

T. Rowe Price GNMA Fund 

(Exact name of registrant as specified in charter) 

100 East Pratt Street Baltimore, Maryland 21202 

(Address of principal executive offices) 

Joseph A. Carrier 

100 East Pratt Street 

Baltimore, Maryland 21202 

(Name and address of agent for service) 

Registrant's telephone number, including area code: (410) 345-2653 

Date of fiscal year end: 5/31 

Date of reporting period: 7/1/06 to 6/30/07 

SIGNATURES 

Pursuant to the requirements of the Investment Company Act of 1940, the 

registrant has duly caused this report to be signed on its behalf by the 

undersigned, thereunto duly authorized. 

(Registrant) T. Rowe Price GNMA Fund 

By (Signature and Title) /s/ Joseph A. Carrier 

                                        Joseph A. Carrier, Vice-President 

Date August 27, 2007 

================================== GNMA FUND =================================== 

The Fund held no securities during the period covered by this report in which 

there was a securityholder vote. Accordingly, there are no proxy votes to 

report. 

================================ END NPX REPORT ================================