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                                FORM N-18F-1





                     SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C.  20549






               NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                  UNDER THE INVESTMENT COMPANY ACT OF 1940






                  T. ROWE PRICE BLUE CHIP GROWTH FUND, INC.

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                          NOTIFICATION OF ELECTION

     The undersigned registered open-end investment company
hereby notifies the Securities and Exchange Commission that it
elects to commit itself to pay in cash all redemptions by a
shareholder of record as provided by Rule 18f-1 under the
Investment Company Act of 1940.  It is understood that this
election is irrevocable while such Rule is in effect unless the
Commission by order upon application permits the withdrawal of
this Notification of Election.


                                  SIGNATURE

     Pursuant to the requirements of Rule 18f-1 under the
Investment Company Act of 1940, the registrant has caused this
notification of election to be duly executed on its behalf in the
City of Baltimore and the State of Maryland on the 5th day
of August, 1994.


                   T. ROWE PRICE BLUE CHIP GROWTH FUND, INC.

                   By:/s/Thomas H. Broadus, Jr.
                   Thomas H. Broadus, Jr., President and Director


Attest:

/s/Lenora V. Hornung
Lenora V. Hornung, Secretary