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Business Description
T. Rowe Price Group, Inc. is a financial services holding company that derives its consolidated revenues and net income primarily from investment advisory services that its subsidiaries provide to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios. The Company operates its investment advisory business through its subsidiary companies, primarily T. Rowe Price Associates and T. Rowe Price International. Assets under its management at the end of 2001 included $89.7 billion of U.S. domestic equity securities, $42.1 billion of debt securities, and $24.5 billion of international securities.

Financial Information
T. Rowe Price Group Inc., and its consolidated subsids., serve as the advisor to individual and institutional investors in the sponsored T. Rowe Price Mutual Funds and private investment portfolios. For the six months ended 06/02, revenues decreased 12% to $478.3 million. Net income rose 4% to $104.9 million. Results reflect lower advisory fees due to lower average fund assets under management, offset by lower compensation costs and the absence of amortization.