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. 14
to the registration statement on Form N-1A (the
"Registration Statement") of our reports dated January 18,
2002, relating to the financial statements and financial
highlights appearing in the December 31, 2001 Annual Reports
to Shareholders of T. Rowe Price Equity Index 500 Fund, T.
Rowe Price Extended Equity Market Index Fund, and T. Rowe
Price Total Equity Market Index Fund (comprising T. Rowe
Price Index Trust, Inc.), T. Rowe Price Institutional Mid-
Cap Equity Growth Fund, T. Rowe Price Institutional Large-
Cap Value Fund, T. Rowe Price Institutional Small-Cap Stock
Fund, and T. Rowe Price Institutional Large-Cap Growth Fund
(comprising T. Rowe Price Institutional Equity Funds, Inc.),
T. Rowe Price Balanced Fund, Inc., T. Rowe Price Blue Chip
Growth Fund, Inc., T. Rowe Price Capital Appreciation Fund,
T. Rowe Price Capital Opportunity Fund, Inc., T. Rowe Price
Developing Technologies Fund, Inc., T. Rowe Price
Diversified Small-Cap Growth Fund, Inc., T. Rowe Price
Dividend Growth Fund, Inc., T. Rowe Price Equity Income
Fund, T. Rowe Price Financial Services Fund, Inc., T. Rowe
Price Global Technology Fund, Inc., T. Rowe Price Growth &
Income Fund, Inc., T. Rowe Price Growth Stock Fund, Inc., T.
Rowe Price Health Sciences Fund, Inc., T. Rowe Price Media &
Telecommunications Fund, Inc., T. Rowe Price Mid-Cap Growth
Fund, Inc., T. Rowe Price Mid-Cap Value Fund, Inc., T. Rowe
Price New America Growth Fund, T. Rowe Price New Era Fund,
Inc., T. Rowe Price New Horizons Fund, Inc., T. Rowe Price
Real Estate Fund, Inc., T. Rowe Price Science & Technology
Fund, Inc., T. Rowe Price Small-Cap Stock Fund, Inc., T.
Rowe Price Small-Cap Value Fund, Inc., and T. Rowe Price
Value 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.





PricewaterhouseCoopers LLP
Baltimore, Maryland
August 29, 2002