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    T. Rowe Price Associates Inc.
    list rank
    From the April 28, 1997, Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 586,000 33.4
    Net Income 98,000 30.0
    Rank Last Year: 9

    Description:
    T. Rowe Price is one of the nation's largest mutual fund companies, as well as a major manager of employee pension funds and other investments. The funds had more than $48 billion in assets under management at the end of the year.

    Business Resume:
    • Contact Info --
      100 East Pratt St.
      Baltimore, Md. 21202
      410-345-2000
    • Main Business --
      Mutual funds
    • Founded --
      1937
    • Chairperson --
      George A. Roche
    • President --
      George A. Roche
    • Employees --
      2,500
    • D.C.-Area Employees --
      5
    Development:
    Continued growth at T. Rowe Price has led the company to expand into three new buildings in Owings Mills, signifying a shift from its downtown Baltimore headquarters. Operations that require public interaction, such as marketing and investing, will remain in Baltimore, while behind-the-scenes operations will be housed in the Owings Mills offices. The first building, a 64,000-square-foot technology center, opened in November. The center supports all of the company's technology needs, including record-keeping and telecommunications. The other two buildings are slated to open in the fall.

    George J. Collins, who had been president and chief executive since 1984, stepped aside earlier this month. George A. Roche, who joined the firm as an equity analyst in 1968 and has served as chief financial officer since 1984, assumed control of the management committee that directs the family of funds.

    Copyright 1997 The Washington Post

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