Consent of Independent Accountants


We hereby consent to the incorporation by reference in the Prospectuses and
Statement of Additional Information constituting parts of this Post-Effective
Amendment No. 53 to the registration statement on Form N-1A (the "Registration
Statement") of our reports dated June 19, 2002, relating to the financial
statements and financial highlights appearing in the May 31, 2002 Annual Reports
to Shareholders of U.S. Treasury Intermediate Fund, U.S. Treasury Long-Term
Fund, and U.S. Treasury Money Fund (comprising T. Rowe Price U.S. Treasury
Funds, Inc.)., T. Rowe Price Institutional High Yield Fund (the portfolio
comprising T. Rowe Price Institutional Income Funds, Inc.), T. Rowe Price
Personal Strategy Balanced Fund, T. Rowe Price Personal Strategy Growth Fund,
and T. Rowe Price Personal Strategy Income Fund (comprising T. Rowe Price
Personal Strategy Funds, Inc.), T. Rowe Price Reserve Investment Fund, and T.
Rowe Price Government Reserve Investment Fund (comprising T. Rowe Price Reserve
Investment Funds, Inc.), T. Rowe Price Corporate Income Fund, Inc., T. Rowe
Price GNMA Fund, T. Rowe Price High Yield Fund, Inc., T. Rowe Price New Income
Fund, T. Rowe Price Prime Reserve Fund, Inc., and T. Rowe Price Short-Term Bond
Fund, Inc., which are incorporated by reference into the Registration Statement.
We also consent to the references to us under the heading "Financial Highlights"
in the Prospectuses and under the heading "Independent Accountants" in the
Statement of Additional Information.


/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Baltimore, Maryland
August 29, 2002