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T. Rowe Price Group Declares Quarterly Dividend

    BALTIMORE, June 3 /PRNewswire-FirstCall/ -- T. Rowe Price Group, Inc.
(Nasdaq: TROW) announced today that its Board of Directors has declared a
quarterly dividend of $0.19 per share payable July 9, 2004 to stockholders of
record as of the close of business on June 25, 2004.
    Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global
investment management organization with $201 billion in assets under
management as of March 31, 2004. The organization provides a broad array of
mutual funds, sub-advisory services, and separate account management for
individual and institutional investors, retirement plans, and financial
intermediaries.  The company also offers a variety of sophisticated investment
planning and guidance tools.  T. Rowe Price's disciplined, risk-aware
investment approach focuses on diversification, style consistency, and
fundamental research.  More information is available at
http://www.troweprice.com.


SOURCE T. Rowe Price Group, Inc.




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Related links:
  • http://www.troweprice.com
    CONTACT:
    Steven E. Norwitz, +1-410-345-2124, or Brian
    J. Lewbart, +1-410-345-2242, both of T. Rowe Price Group