T. ROWE PRICE NEW INCOME FUND, INC.

                             ARTICLES SUPPLEMENTARY
                          CLASSIFYING AUTHORIZED STOCK


     T. Rowe Price New Income Fund, Inc., a Maryland corporation, having its
principal office in Baltimore City, Maryland (hereinafter called the
"Corporation"), hereby certifies to the State Department of Assessments and
Taxation of Maryland that:

     FIRST: Pursuant to authority expressly vested in the Board of Directors of
the Corporation by Article Fifth of the Charter of the Corporation, the Board of
Directors has duly classified a number of shares of its unissued Common Stock
(determined in connection with the SECOND paragraph below) into two (2) new
classes of Common Stock to be designated the T. Rowe Price New Income
Fund-Advisor Class and T. Rowe Price New Income Fund-R Class.

     SECOND: After giving effect to the foregoing classification, the Board of
Directors has heretofore duly divided and classified an aggregate of 300,000,000
shares of the unissued Common Stock of the Corporation into the following
classes on the dates indicated in the parentheses following the names of the
respective class: T. Rowe Price New Income Fund (August 14, 1973), and T. Rowe
Price New Income Fund-Advisor Class and T. Rowe Price New Income Fund-R Class
(__________, 2002). Each such class shall consist, until further changed, of
the lesser of (x) 300,000,000 shares or (y) the number of shares that could be
issued by issuing all of the shares of the Corporation currently or hereafter
authorized less the total number of shares of the Corporation then issued and
outstanding of all other classes. The shares of Common Stock of the T. Rowe
Price New Income Fund-Advisor Class and T. Rowe Price New Income Fund-R Class
shall represent the same interest in the Corporation and have identical voting,
dividend, liquidation, and other rights with the shares of the other classes of
Common Stock of the Corporation; provided, however, that notwithstanding
anything in the charter of the Corporation to the contrary:

               (1)
          Expenses uniquely related to the shares of Common Stock of
          the T. Rowe Price New Income Fund-Advisor Class and T. Rowe
          Price New Income Fund-R Class (including, without
          limitation, distribution expenses under a Rule 12b-1 plan
          and administrative expenses under an administration or
          service agreement, plan or other arrangement, however
          designated) shall be borne by that respective Class, and
          shall be appropriately reflected (in the manner determined
          by the Board of Directors) in the net asset value,
          dividends, distribution and liquidation rights of the shares
          of that Class, all as the Board of Directors may determine
          by resolution from time to time, and shall be described in
          the prospectus or statement of additional information for
          such Class as and to the extent required by the Investment
          Company Act of 1940, as amended, and the rules and
          regulations thereunder.






               (2)
          As to any matter with respect to which a separate vote of
          any Class is required by the Investment Company Act
          (including, without limitation, approval of any plan,
          agreement or other arrangement referred to in subsection (1)
          above), such requirement as to a separate vote by that Class
          shall apply in lieu of any voting requirements established
          by the Maryland General Corporation Law. As to any matter
          which does not affect the interest of the T. Rowe Price New
          Income Fund-Advisor Class and T. Rowe Price New Income
          Fund-R Class of Common Stock, only the holders of shares of
          the affected Class or Classes shall be entitled to vote.

     THIRD:
The shares aforesaid have been duly classified by the Board of Directors
pursuant to authority and power contained in the Charter of the Corporation.
These Articles Supplementary do not increase the aggregate authorized capital
stock of the Corporation.

     IN WITNESS WHEREOF, T. Rowe Price New Income Fund, Inc. has caused these
presents to be signed in its name and on its behalf by its Vice President and
witnessed by its Secretary on _____________, 2002.


WITNESS:                       T. ROWE PRICE NEW INCOME FUND, INC.



 /s/Patricia B. Lippert                        By:  /s/Henry H. Hopkins
--------------------------                  ---------------------------
Patricia B. Lippert, Secretary    Henry H. Hopkins, Vice President


     THE UNDERSIGNED, Vice President of T. Rowe Price New Income Fund, Inc., who
executed on behalf of the Corporation Articles Supplementary of which this
certificate is made a part, hereby acknowledges in the name and on behalf of
said Corporation the foregoing Articles Supplementary to be the corporate act of
said Corporation and hereby certifies that the matters and facts set forth
herein with respect to the authorization and approval thereof are true in all
material respects under the penalties of perjury.




/s/Henry H. Hopkins
-------------------------------------------------------
                               Henry H. Hopkins, Vice President









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