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T. Rowe Price Opens Investor Center in Garden City

   Global Investment Management Firm Expands New York-Area Presence; Long
    Island Investor Center Offers Face-to-Face Guidance with Investment
                                 Counselors

    GARDEN CITY, N.Y., June 13 /PRNewswire-FirstCall/ -- Global investment
management firm T. Rowe Price announces the opening today of a new walk-in
Investor Center in Garden City, N.Y., to provide personal services to
investors in the area. The Garden City Investor Center is located at 1100
Franklin Avenue, Suite 101. To contact the center, call 516-535-6100 or
toll-free at 800-618-3015. Regular hours of operation are Monday through
Friday from 8:30 a.m. to 5 p.m. The Center is also open Saturday from 9
a.m. to noon by appointment. The Center is the second in the New York area
for the firm, which also has an Investor Center in Short Hills, N.J.
    "We have a very strong client base in the New York area, and the Garden
City Investor Center will enable us to better serve investors on Long
Island and the eastern side of New York City who prefer to meet
face-to-face with a T. Rowe Price investment counselor or who want access
to a wide range of investment resources all at one place," said Edward C.
Bernard, chairman of T. Rowe Price Investment Services. "The new Garden
City center reflects our ongoing commitment to meet the needs of our
clients, help investors manage their investments in a way that's most
convenient and comfortable for them, and help people make the right
decisions to reach their financial goals."
    The Garden City Investor Center will offer the following services:

        -- Investment Guidance - Investors can work one-on-one with an
           investment counselor to review their portfolios, develop asset
           allocation strategies, or plan for retirement and other financial
           goals.

        -- Mutual Funds - Investors can obtain information on the entire
           family of T. Rowe Price 100% no-load funds, as well as consolidate
           their T. Rowe Price and non-T. Rowe Price accounts through the
           firm's Brokerage Advantage services.  They can also open new
           accounts or make account transactions.

        -- Brokerage - Investors can place orders for the purchase and sale of
           individual securities and/or deposit stock certificates in an
           account.

        -- Investor Resources - Investors can access their accounts, conduct
           online transactions, and obtain a variety of investment planning
           kits.
    "Whether investors are seeking confirmation on their investment plans
or guidance from a professional, visiting a T. Rowe Price Investor Center
will enable them to work one-on-one with an investment counselor who can
help them with key investment goals, including planning for retirement,
rolling over an old 401(k), choosing a college savings plan, or simply
selecting a mutual fund," said Bill Duffy, manager of the T. Rowe Price
Garden City Investor Center. "In addition, our investment counselors are
not commissioned, enabling them to provide objective advice that focuses on
an investor's best interests."
    The Garden City and Short Hills Investor Centers are two of 13 T. Rowe
Price Investor Centers nationwide. Other centers are in Baltimore and
Owings Mills, Md.; Walnut Creek and Woodland Hills, Calif.; Wellesley,
Mass.; Colorado Springs, Colo.; Tampa, Fla.; Oak Brook and Northbrook,
Ill.; Washington, D.C.; and Tysons Corner, Va.
    Founded in 1937, Baltimore-based T. Rowe Price (Nasdaq: TROW) is a
global investment management firm with $292.9 billion in assets under
management as of March 31, 2006. The firm provides a broad array of mutual
funds, sub- advisory services, and separate account management for
individual and institutional investors, financial intermediaries, and
retirement plans. 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.
    Call 1-800-638-5660 to request a prospectus, which includes investment
objectives, risks, fees, expenses, and other information that you should
read and consider carefully before investing.
    T. Rowe Price Investment Services, Inc., distributor.


SOURCE T. Rowe Price




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Related links:
  • http://www.troweprice.com
    CONTACT:
    Bill Duffy, Garden City Investor Center,
    +1-516-535-6100, or Brian Lewbart, T. Rowe Price Corporate,
    +1-410-345-2242