T. Rowe Price Spectrum Fund, Inc.
Spectrum International Fund

The fund's investment strategy table, "Asset Allocation Ranges for Underlying
Funds," has been revised to reflect the following:

The T. Rowe Price International Growth & Income ("IGI") was added to the mix of
underlying funds for the Spectrum International Fund (investment range 0-35%)
and the investment range for the International Stock Fund ("ISF") was changed
from 35-65% to 0-55%.