T. ROWE PRICE
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          Blue Chip Growth Fund
          Supplement to Prospectus dated May 1, 1994
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          The following sentences will be added at the end of the fifth
          paragraph under the section "Summary of Fund Fees and Expenses"
          on page 3 of the prospectus.
               Effective January 1, 1995, T. Rowe Price agreed to extend the
               existing expense limitation of 1.25% for a period of two
               years from January 1, 1995.  Fees waived or expenses paid or
               assumed under this agreement are subject to reimbursement to
               T. Rowe Price by the Fund whenever the Fund's expense ratio 
               is below 1.25%; however, no reimbursement will be made after
               December 31, 1998, or if it would result in the expense 
               ratio exceeding 1.25% for the Fund.
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          The date of this supplement is December 21, 1994.
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