We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A (the "Registration Statement") of our reports dated February 11, 2005, relating to the financial statements and financial highlights appearing in the December 31, 2004 Annual Reports to Shareholders of Spectrum Growth Fund, Spectrum Income Fund and Spectrum International Fund, (comprising T. Rowe Price Spectrum Fund, Inc.), which are 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.