Spectrum Fund 07/01/2010 - 06/30/2011 

ICA File Number: 811-4998

Reporting Period: 07/01/2010 - 06/30/2011

T. Rowe Price Spectrum Fund, Inc.

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811-4998

T. Rowe Price Spectrum Fund, Inc.

(Exact name of registrant as specified in charter)

100 East Pratt Street Baltimore, Maryland 21202

(Address of principal executive offices)

Edward C. Bernard

100 East Pratt Street

Baltimore, Maryland 21202

(Name and address of agent for service)

Registrant’s telephone number, including area code: (410) 345-3577

Date of fiscal year end: 12/31

Date of reporting period: 07/01/2010 to 06/30/2011

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 Spectrum Fund, Inc.

By (Signature and Title) /s/ Edward C. Bernard

                             Edward C. Bernard, Chairman of the Board - T. Rowe Price Funds

Date August 29, 2011

============================= SPECTRUM GROWTH 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. 

============================= SPECTRUM INCOME 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. 

========================= SPECTRUM INTERNATIONAL 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===================================