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T. Rowe Price Reports Strong 2Q Earnings

T. Rowe Price Associates of Baltimore last week reported second quarter earnings of $246 million, up 11 percent from the second quarter of 1998. Net income in the quarter rose 20 percent to $53.7 million from $44.9 million a year earlier. The company also attracted $10 billion in additional assets in the quarter, closing the quarter with a total of $159.2 billion.