-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NSf7pYReF4Yp73GUIqgoqhSyLPnZaAlbEliVNKnrjEeg2y3rbaq3wgHhiMGcNRCT eOGS+7iVZi2hLkh/XqZ8fw== 0000950109-99-002819.txt : 19990812 0000950109-99-002819.hdr.sgml : 19990812 ACCESSION NUMBER: 0000950109-99-002819 CONFORMED SUBMISSION TYPE: N-30D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990630 FILED AS OF DATE: 19990811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRICE T ROWE INDEX TRUST INC CENTRAL INDEX KEY: 0000858581 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30D SEC ACT: SEC FILE NUMBER: 811-05986 FILM NUMBER: 99683650 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT ST CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 3015472000 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INSTITUTIONAL EQUITY FUNDS INC DATE OF NAME CHANGE: 19900227 N-30D 1 T. ROWE PRICE INDEX TRUST, INC. S-A/R Semiannual Report -- Financial Statements T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND June 30, 1999 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited FINANCIAL HIGHLIGHTS For a share outstanding throughout each period - -------------------------------------------------------------------------------- 6 Months 1/30/98 Ended Through 6/30/99 12/31/98 NET ASSET VALUE Beginning of period $ 11.02 $ 10.00 ---------------------------- Investment activities Net investment income 0.04 0.08 Net realized and unrealized gain (loss) 1.20 1.13 ---------------------------- Total from investment activities 1.24 1.21 ---------------------------- Distributions Net investment income - (0.08) Net realized gain - (0.11) ---------------------------- Total distributions - (0.19) ---------------------------- NET ASSET VALUE End of period $ 12.26 $ 11.02 ---------------------------- Ratios/Supplemental Data Total return++ 11.25% 12.29% ---------------------------- Ratio of total expenses to average net assets 0.40%+ 0.40%+ ---------------------------- Ratio of net investment income to average net assets 0.91%+ 1.15%+ ---------------------------- Portfolio turnover rate 19.1%+ 26.3%+ ---------------------------- Net assets, end of period (in thousands) $ 35,313 $ 20,743 ---------------------------- ++ Total return reflects the rate that an investor would have earned on an investment in the fund during each period, assuming reinvestment of all distributions and payment of no redemption or account fees. + Annualized The accompanying notes are an integral part of these financial statements. 2 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited June 30, 1999 STATEMENT OF NET ASSETS Shares/Par Value - -------------------------------------------------------------------------------- In thousands COMMON STOCKS AND RIGHTS 90.1% BASIC MATERIALS 3.2% Chemicals 1.6% Solutia 1,400 $ 30 Sequa (Class A) * 400 28 IMC Global 1,500 26 Crompton & Knowles 1,300 25 Lyondell Petrochemical 1,200 25 Valhi 2,100 23 Cabot 900 22 Millennium Chemicals 900 21 Summa Industries * 1,600 21 Ivex Packaging * 900 20 Georgia Gulf 1,100 19 Airgas * 1,400 17 Furon 900 17 Lubrizol 600 16 Cytec Industries * 500 16 Arch Chemicals 650 16 M.A. Hanna * 900 15 O'Sullivan 1,200 15 Carlisle Companies 300 14 RPM 1,000 14 Witco 700 14 Synetic * 200 14 Gencorp 500 13 NL Industries 1,100 12 AEP Industries * 400 12 Catalytica * 800 11 Minerals Technologies 200 11 Home Products International * 1,300 11 Terra Nitrogen * 1,000 10 Finishmaster * 1,600 10 Olin 700 9 Valley National Gases * 2,000 9 International Specialty Products * 700 7 3 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Mississippi Chemical 700 $ 7 Tuscarora 400 5 ICO * 1,900 2 ------------- 557 ------------- Forest and Paper Products 0.9% Bowater 800 38 Sonoco Products 1,060 32 Smurfit-Stone Container * 1,500 31 Consolidated Papers 1,100 29 Wausau-Mosinee Paper 1,300 23 United Stationers * 900 20 Gaylord Container, (Class A) * 2,300 18 Mail-Well * 1,100 18 Workflow Management * 1,192 17 Rock-Tenn 1,000 17 Pope & Talbot 1,200 15 Baltek * 1,400 13 Boise Cascade Office Products * 1,000 12 Universal Forest Products 500 11 Badger Paper Mills * 1,200 8 FiberMark * 600 8 Tufco Technologies * 900 7 Crown Vantage * 1,000 2 ------------- 319 ------------- Gold 0.0% Royal Gold 2,000 9 ------------- 9 ------------- Metals and Mining 0.7% USEC 1,800 27 AK Steel 1,100 25 NS Group * 2,200 20 Titanium Metals 1,800 20 Gibraltar Steel 800 20 MAXXAM * 300 19 Mueller Inds * 500 17 Texas Industries 400 16 Tremont 600 13 Wolverine Tube * 500 13 4 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Arch Coal 900 $ 12 Rock Of Ages * 1,200 12 Steel Technologies 1,000 9 Steel Dynamics * 400 6 Huntco 900 3 Pittston Minerals 600 1 ------------ 233 ------------ Total Basic Materials 1,118 ------------ BUSINESS SERVICES 5.7% Advertising 1.1% CMG Information Services * 900 102 Outdoor Systems * 1,900 69 Doubleclick * 400 37 Young & Rubicam 800 36 Harte-Hanks 1,300 35 Valassis Communications * 900 33 TMP Worldwide * 500 32 Catalina Marketing * 300 28 Lamar Advertising * 400 17 ------------ 389 ------------ Business Services 2.2% Concord EFS * 1,300 55 Verisign * 600 52 Quintiles Transnational * 1,100 46 NorthPoint Communications Group * 1,100 40 Reynolds & Reynolds 1,500 35 Viad 1,100 34 Snyder Communications * 1,000 33 National Data 700 30 SEI 300 26 Gartner Group (Class A) * 1,200 25 Sylvan Learning Systems * 900 24 A.C. Nielson * 800 24 Sotheby's (Class A) 600 23 NOVA * 900 23 US Oncology * 1,758 21 5 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands International Telecommunication Data Systems * 1,100 $ 18 Peekskill Financial 1,300 17 Automobile Protection * 1,300 17 Tetra Tech * 1,000 17 Value Line 400 16 Whittman-Hart * 500 16 Navigant * 1,969 15 ProBusiness Services * 400 14 Information Resources * 1,600 14 West TeleServices * 1,400 13 Staff Leasing * 1,000 13 MPW Industrial Services Group * 1,200 12 Nielsen Media Research 400 12 Metzler Group * 400 11 Prepaid Legal Services * 400 11 Iron Mountain * 300 9 Network Event Theater * 500 8 Opinion Research * 1,400 8 SPECTRX * 1,000 8 AmeriPath * 800 7 Cheap Tickets * 200 7 Hagler Bailly * 600 6 APAC TeleServices * 1,200 4 SITEL * 900 3 ------------- 767 ------------- Environmental Services 0.7% Republic Services * 4,700 84 Republic Services (Class A) * 1,800 45 Allied Waste Industries * 2,100 41 Safety Kleen * 1,000 18 Superior Services * 600 16 Ecology and Environment (Class A) 1,900 13 Harding Lawson Associates * 1,500 13 U.S. Liquids * 600 12 Metal Management * 600 1 ------------- 243 ------------- Industrial Services 1.7% Cintas 1,100 74 6 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands ServiceMaster 3,050 $ 57 Hertz 500 31 GATX 800 30 Apollo Group (Class A) * 1,100 29 Modis Professional Services * 2,100 29 Robert Half International * 1,100 29 Manpower 1,200 27 Hanover Compressor * 800 26 Apria Healthcare * 1,400 24 United Rentals * 800 24 Dollar Thrifty Auto Group * 1,000 23 Devry * 1,000 22 Labor Ready * 600 19 Avis Rent A Car * 600 17 Wackenhut Corrections * 800 16 G & K Services 300 16 ABM Industries 500 15 Borg Warner Security * 700 14 Olsten 2,200 14 Budget Group (Class A) * 1,100 14 Rent Way * 500 12 C.H. Heist * 1,700 11 Caribiner International * 1,800 11 Pittston Services 400 11 UniFirst 500 9 Volt Information Sciences * 300 7 ------------- 611 ------------- Total Business Services 2,010 ------------- CONSUMER DISCRETIONARY 7.2% Entertainment 0.7% Royal Caribbean Cruises 1,800 79 Premier Parks * 800 29 Metro Goldwyn Mayer * 1,600 29 Pixar * 600 26 SFX Entertainment (Class A) * 400 26 Cedar Fair 900 22 7 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Handleman * 1,800 $ 21 Marcus 700 9 ------------- 241 ------------- Hotels 0.6% MGM Grand * 998 49 Mandalay Resort Group * 1,400 30 Aztar * 3,100 28 Host Marriott 2,174 26 Park Place Entertainment * 2,600 25 Promus Hotel * 800 25 NS & L Bancorp 1,200 16 Crestline Capital * 600 10 Interstate Hotels * 67 0 ------------- 209 ------------- Leisure 1.0% Harley-Davidson 1,500 82 Blyth Industries * 900 31 Hollywood Park * 1,400 24 Oneida 800 23 Polaris Industries 500 22 GTECH * 900 21 Steinway Musical Instruments * 800 21 WMS Industries * 1,200 20 International Game Technology 1,100 20 Callaway Golf 1,300 19 Speedway Motorsports * 400 16 Panavision * 1,700 11 Lazare Kaplan International * 1,100 11 Play By Play Toys & Novelties * 2,400 10 Dover Downs Entertainment 400 7 Concord Camera * 1,300 7 Penn National Gaming * 700 6 Seattle Filmworks * 600 2 ------------- 353 ------------- Media 3.2% Cox Communications (Class A) * 5,200 191 Cablevision Systems (Class A) * 1,200 84 Chancellor Media * 1,400 77 8 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Univision Communications * 1,000 $ 66 Washington Post (Class B) 100 54 Broadcast.com * 400 53 Infinity Broadcasting (Class A) * 1,600 48 United International Holdings (Class A) * 700 47 Hispanic Broadcasting * 600 46 BHC Communications (Class A) 300 39 Adelphia Communications * 600 39 E. W. Scripps 800 38 Century Communications (Class A) * 800 37 TCA Cable TV 600 33 Fox Entertainment Group (Class A) * 1,100 30 Chris-Craft * 624 29 TV Guide * 800 29 RCN * 700 29 A. H. Belo (Class A) 1,200 24 United Television 200 21 Jones Intercable * 400 20 EchoStar Communications (Class A) * 100 15 Media General 300 15 Pulitzer 300 15 Citadel Communications * 400 15 Hearst Argyle Television * 491 12 Ascent Entertainment * 700 10 Saga Communications (Class A) * 400 7 Launch Media * 400 7 ------------- 1,130 ------------- Publishing 0.9% Reader's Digest (Class A) 1,200 48 PRIMEDIA * 2,400 41 Wiley John & Son 1,600 28 Central Newspapers (Class A) 600 23 McClatchy (Class A) 600 20 Ziff-Davis * 1,200 19 Wallace Computer Services 700 17 World Color Press * 600 17 Daily Journal * 400 15 Houghton Mifflin 300 14 9 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands New England Business Service 400 $ 12 American Business Products 800 12 Merrill 700 10 Hollinger International (Class A) 600 7 Franklin Covey * 800 6 TST/ Impreso * 1,300 5 Successories * 1,700 4 ------------- 298 ------------- Restaurants 0.8% Starbucks * 2,000 75 Outback Steakhouse * 1,200 47 Papa Johns * 600 27 Brinker * 800 22 Cracker Barrel * 1,100 19 Consolidated Products * 1,000 18 Buffets * 1,400 16 Avado Brands 1,700 14 Sbarro * 500 13 Cooker Restaurant 2,100 12 CKE Restaurants 550 9 Ark Restaurants * 800 9 Schlotzsky's * 700 7 Ryan's Family Steak Houses * 500 6 ------------- 294 ------------- Total Consumer Discretionary 2,525 ------------- CONSUMER NONDURABLES 3.3% Beverages 0.0% TRIARC COMPANIES * 500 11 Pure World * 1,140 5 ------------- 16 ------------- Food 1.7% Tyson Foods (Class A) 1,900 43 McCormick 1,200 38 Hormel Foods 900 36 Dean Foods 800 33 Keebler Foods * 1,000 30 10 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Nabisco Holdings (Class A) 700 $ 30 Pepsi Bottling Group 1,300 30 IBP 1,100 26 Flowers Industries 1,100 24 Universal Foods 1,100 23 Richfood Holdings 1,300 23 U.S. Foodservice * 500 21 Dole Food 700 21 Interstate Bakeries 900 20 Whitman 1,100 20 International Home Foods * 1,000 18 American Italian Pasta * 600 18 Fresh Del Monte Produce * 1,200 17 Suiza Foods * 400 17 Worthington Foods 1,000 17 Fleming Companies 1,300 15 Imperial Sugar 2,100 15 United Natural Foods * 500 12 Green Mountain Coffee * 1,700 12 National Beverage * 1,100 10 Ralcorp Holdings * 600 10 Earthgrains 300 8 Cagles 400 7 Delta Pine & Land 200 6 ------------- 600 ------------- Home Products 0.6% Estee Lauder 1,200 60 Dial Corp 1,200 45 Lancaster Colony 800 27 Premark International 600 23 Revlon (Class A) * 700 21 Guest Supply * 900 12 Block Drug (Class A) 200 8 French Fragrances * 1,100 8 Platinum Entertainment * 1,000 8 Ekco Group * 1,100 4 Enamelon * 1,400 2 ------------- 218 ------------- 11 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Liquor 0.1% Canandaigua Brands (Class A) * 300 $ 16 Robert Mondavi (Class A) * 300 11 Todhunter Intl * 1,200 10 ------------- 37 ------------- Textiles and Apparel 0.7% Jones Apparel Group * 1,550 53 WestPoint Stevens 1,100 33 Warnaco Group (Class A) 900 24 Kellwood 800 22 Unifi * 900 19 Quicksilver * 600 16 Nautica Enterprises * 800 13 Culp 1,100 12 Polo Ralph Lauren * 600 11 Polymer Group * 900 11 bebe stores * 300 10 Haggar 700 9 R. G. Barry * 1,100 9 Hartmarx * 2,000 8 ------------- 250 ------------- Tobacco 0.2% R.J. Reynolds Tobacco * 1,000 31 Universal 500 14 Brooke Group 600 14 Standard Commercial 600 4 ------------- 63 ------------- Total Consumer Nondurables 1,184 ------------- DURABLE GOODS 7.0% Consumer Durables 0.7% Leggett & Platt 2,100 58 HON Industries 900 26 Herman Miller * 1,200 25 Shaw Industries * 1,400 23 La-Z-Boy 900 21 Mohawk Industries * 600 18 12 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Sunbeam * 2,200 $ 18 Kimball International 900 15 Bush Industries (Class A) 900 15 Knoll * 500 13 O'Sullivan Industries * 700 12 Mikasa 800 9 ------------- 253 ------------- Construction & Real Property 5.5% Equity Office Properties, REIT 2,700 69 Equity Residential Properties Trust, REIT 1,300 59 Starwood Hotels & Resorts, REIT 1,800 55 Simon DeBartolo Group, REIT 1,900 48 Public Storage, REIT 1,600 45 Archstone Communities Trust, REIT 2,000 44 USG 700 39 Starwood Financial Trust (Class A) 600 37 ProLogis Trust, REIT 1,760 36 Martin Marietta Materials 600 35 Vornado Realty Trust, REIT 1,000 35 Kimco Realty, REIT 900 35 Apartment Investment & Management, REIT 800 34 Crescent Real Estate Equities, REIT 1,400 33 Southdown 500 32 Lafarge 900 32 Spieker Properties, REIT 800 31 Catellus Development * 2,000 31 Avalonbay Communities, REIT 784 29 Boston Properties, REIT 800 29 Johns Manville 2,200 29 Georgia Pac Timber 1,100 28 Highwoods Properties, REIT 1,000 27 Elcor 600 26 AMB Property 1,100 26 Rouse 1,000 25 Liberty Property, REIT 1,000 25 Mack-Cali Realty, REIT 800 25 HRPT Properties Trust, REIT 1,600 24 Cornerstone Properties, REIT 1,500 24 13 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Cousins Properties, REIT 700 $ 24 New Plan Excel Reality Trust, REIT 1,300 23 Federal Realty Investment Trust, REIT 1,000 23 Duke Realty Investments, REIT 1,000 23 CarrAmerica Realty, REIT 900 22 Granite Construction 750 22 Developers Diversified Realty, REIT 1,300 22 Lennar 900 22 Meditrust, REIT 1,632 21 Sun Communities, REIT 600 21 Felcor Suite Hotels, REIT 1,000 21 Post Properties, REIT 500 20 D.R. Horton 1,200 20 Comfort Systems USA * 1,100 20 Regency Realty, REIT 900 20 Arden Realty, REIT 800 20 Franchise Finance, REIT 800 18 Weingarten Realty Investors, REIT 400 17 Camden Property Trust, REIT 600 17 Morrison Knudsen * 1,600 16 First Industrial Realty, REIT 600 16 Hospitality Properties Trust, REIT 600 16 Macerich, REIT 600 16 Nationwide Health Properties, REIT 800 15 Weeks, REIT 500 15 Jacobs Engineering Group * 400 15 Westfield America 1,000 15 MDC Holdings 700 15 Jones Lang Lasalle * 500 15 Chelsea GCA, REIT 400 15 Trammell Crow * 900 15 General Growth Properties, REIT 400 14 Colonial Properties Trust, REIT 500 14 Lexington Corporate Properties, REIT 1,200 14 Price Enterprises, REIT 1,924 14 Brandywine Reality Trust, REIT 700 14 Florida Rock Industries 300 14 14 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Prison Realty, REIT 1,387 $ 14 Parkway Properties, REIT 400 13 Manufactured Home Communities, REIT 500 13 Koger Equity, REIT 700 13 Glenborough Realty Trust, REIT 700 12 EastGroup Properties, REIT 600 12 Lexford Residential Trust, REIT 500 12 Health Care, REIT 500 12 Health Care Property Investors 400 12 Butler Manufacturing 400 11 American Locker Group * 1,200 11 CBL & Associates Properties, REIT 400 11 Oakwood Homes 800 10 Crown American Reality, REIT 1,300 9 Wyndham International 2,039 9 Beazer Homes * 400 9 TriNet Corporation Reality Trust, REIT 300 8 Fairfield Communities * 500 8 Pittsburgh & West Virginia Railroad 1,000 8 Perini * 1,000 6 Monmouth Real Estate Investment, REIT 1,000 6 Miller Building Systems * 800 5 ------------- 1,935 ------------- Motor Vehicles & Parts 0.8% Federal-Mogul 800 42 Lear * 700 35 Gentex * 900 25 Hayes Lemmerz International * 700 21 Meritor Automotive 700 18 Standard Motor Products 700 17 Dura Automotive Systems * 500 17 Borg-Warner 300 16 Coachmen Industries 700 16 Tower Automotive * 600 15 Bandag 400 14 Copart * 600 13 Arvin Industries 300 11 Modine Manufacturing 300 10 15 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Superior Industries Intl 300 $ 8 Aftermarket Technology * 700 8 Smc * 1,200 6 ------------- 292 ------------- Total Durable Goods 2,480 ------------- ENERGY 3.0% Energy Reserves & Production 1.0% Vastar Resources 1,100 58 Enron Oil & Gas 1,900 38 Dynegy 1,600 33 Ocean Energy * 2,600 25 Murphy Oil 500 24 Noble Affiliates 800 23 BP Prudhoe Bay Royalty Trust 3,000 22 Houston Exploration * 1,100 21 Pioneer Natural Resources 1,800 20 Northwestern Public Service 800 19 Pogo Producing 900 17 Forest Oil * 1,200 15 Devon Energy 400 14 Leviathan Gas Pipeline 500 12 Pennzenergy 500 8 Meridian Resource * 1,700 7 Howell 1,200 6 Chesapeake Energy * 1,200 3 Brigham Exploration * 900 2 ------------- 367 ------------- Oil Refining Distribution 0.7% Conoco (Class A) 1,700 47 Tosco 1,700 44 UtiliCorp United 900 22 Ultramar Diamond Shamrock 1,000 22 Valero Energy 1,000 22 Equitable Resources 400 15 Teppco Partners 600 15 Pennzoil-Quaker State 800 12 16 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands World Fuel Services 700 $ 10 Adams Resources & Energy 1,100 9 Kaneb Services * 1,900 8 Giant Industries 600 6 ------------- 232 ------------- Oil Service 1.3% Weatherford International 1,190 44 Diamond Offshore Drilling 1,200 34 Noble Drilling * 1,600 31 Smith International 700 30 Global Marine * 1,900 29 Nabors Industries * 1,100 27 ENSCO International 1,300 26 Global Industries 2,000 26 Santa Fe International 1,100 25 Transocean Offshore 900 24 BJ Services * 800 24 Tuboscope Vetco * 1,500 20 Newpark Resources * 2,300 20 Tidewater * 600 18 Cooper Cameron * 400 15 National Oilwell * 1,000 14 R & B Falcon * 1,240 12 Offshore Logistics * 800 9 Dawson Geophysical * 800 8 UTI Energy * 400 7 ------------- 443 ------------- Total Energy 1,042 ------------- FINANCIAL 16.9% Bank and Trust 5.2% Marshall & Ilsley 1,100 71 First Security 2,389 65 UnionBancal 1,800 65 First Tennessee National 1,500 58 Zions Bancorp 900 57 First American 1,334 55 17 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands M & T Bank 100 $ 55 Charter One Financial 1,835 51 Old Kent Financial * 1,181 49 Popular 1,600 49 CNB Bancshares 710 40 Associated Banc-Corp 975 40 FirstMerit 1,400 39 North Fork Bancorporation 1,750 37 Compass Bancshares 1,350 37 First Virginia Banks 700 34 TCF Financial 1,200 33 Commerce Bancshares 825 33 Peoples Heritage Financial Group 1,700 32 Mercantile Bankshares 900 32 CCB Financial 600 32 Hibernia Corp. (Class A) 2,000 31 Provident Financial Group 700 30 City National 800 30 Trustmark 1,300 30 Wilmington Trust 500 29 National Commerce Bancorporation 1,300 29 Centura Banks 500 28 US Trust 300 28 UST 900 27 Fulton Financial 1,265 26 Pacific Century Financial 1,200 26 Commercial Federal 1,100 26 Keystone Financial 800 24 Old National Bancorp 780 23 Valley National Bancorp 813 23 One Valley Bancorp 600 23 Cullen/Frost Bankers 800 22 WestAmerica 600 22 Midwest Banc Holdings 1,000 19 First United Bancshares 1,000 19 Bancwest 500 19 Merchants Bancshares 800 18 18 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Trustco Bank 660 $ 18 Wintrust Financial 1,000 18 Silicon Valley Bancshares * 700 17 Commerce Bancorp 400 17 First Midwest Bancorp 430 17 Arrow Financial 640 17 Colonial Bancgroup 1,200 17 Susquehanna Bancshares 950 17 Community First Bankshares 700 17 Sky Financial Group 600 16 U.S. Bancorp * 1,000 16 Hudson United Bancorp 500 15 BOK Financial * 600 15 PFF Bancorp * 700 13 First Commonwealth Financial 500 12 Net Bank * 300 11 Peoples Bancorp 1,147 11 Independence Community Bank 800 11 F&M National 300 10 BWC Financial * 400 9 Niagara Bancorp 800 9 ------------- 1,819 ------------- Financial Services 1.4% Comdisco 2,100 54 The CIT Group (Class A) 1,700 49 FINOVA Group 800 42 Express Scripts (Class A) * 500 30 AmeriCredit * 1,600 26 Erie Indemnity 900 25 Arthur J. Gallagher 500 25 Clayton Homes 2,050 23 Nextcard * 600 20 Markel * 100 19 Cash America Investments 1,300 17 Metris Companies 400 16 Litchfield Financial 900 15 Allied Capital 600 14 Perry County Financial 700 14 19 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Heller Financial 500 $ 14 ADVANTA 766 14 E.W. Blanch 200 14 PEC Israel Economic * 400 13 Matrix Capital * 800 12 Crawford (Class B) 600 10 Student Loan Corporation 200 9 Actrade International Limited * 600 8 Insignia Financial Group * 700 7 ------------- 490 ------------- Life & Health Insurance 0.6% ReliaStar Financial 1,000 44 Protective Life 1,000 33 UICI 900 25 Hartford Life (Class A) 400 21 Liberty Financial 700 21 Kansas City Life Insurance 400 18 MONY Group 500 16 Reinsurance Group America 450 16 Guarantee Life 600 15 American Heritage Life Investment 300 7 ------------- 216 ------------- Property & Casualty Insurance 5.1% Berkshire Hathaway (Class A) * 15 1,033 CNA Financial * 1,500 60 AMBAC 800 46 Travelers Property Casualty (Class A) 1,000 39 Transatlantic Holdings 500 37 Allmerica Financial 600 36 American National Insurance 500 36 Unitrin 800 33 Wesco Financial 100 31 American Financial Group 900 31 American Bankers 500 27 Mercury General 800 27 PMI Group 400 25 Old Republic International 1,350 23 Leucadia National 900 23 20 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Financial Security Assurance 400 $ 21 Fremont General 1,100 21 Radian Group 400 20 Everest Reinsurance Holdings 500 16 Horace Mann Educators 600 16 Frontier Insurance Group 1,030 16 20th Century Industries 800 15 State Auto Financial 1,100 15 Commerce Group 600 15 Midland 500 13 BancInsurance * 2,310 13 First American 700 13 Reliance Group Holdings 1,500 11 Superior National Insurance Group * 400 11 Acceptance Insurance * 700 11 Harleysville Group 500 10 Trenwick Group 400 10 Capital Re 600 10 Highlands Insurance Group * 900 9 NYMAGIC 600 9 Chartwell Re 500 9 RLI 200 8 Triad Guaranty * 400 7 Risk Capital Holdings * 500 7 Amwest Insurance Group 726 7 ------------- 1,820 ------------- Securities & Asset Management 3.3% Goldman Sachs Group * 4,400 318 Equitable Companies 2,300 154 E*TRADE Group * 2,300 92 Knight Trimark Group * 1,400 85 Donaldson, Lufkin & Jenrette 1,300 78 AmeriTrade * 600 64 Alliance Capital 1,800 58 A.G. Edwards 1,300 42 Eaton Vance 1,100 38 Federated Investors (Class B) 1,500 27 Raymond James Financial 1,100 26 21 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Waddell & Reed Financial (Class A) 900 $ 25 Legg Mason 600 23 John Nuveen (Class A) 500 21 Morgan Keegan 1,000 19 United Asset Management 800 18 PIMCO Advisors Holdings 600 18 Hambrecht & Quist Group * 400 15 Nvest LP 500 12 Dain Rauscher 200 11 Cabot Industrial 500 11 Peoples Financial Corporation of Ohio 600 6 ------------- 1,161 ------------- Thrift Institutions 1.3% Greenpoint Financial 1,200 39 Astoria Financial 800 35 Golden Sate Bancorp * 1,400 31 People's Bank * 1,000 31 Dime Bancorp 1,500 30 Sovereign Bancorp 2,183 27 St. Paul Bancorp 1,000 26 Washington Federal 1,080 24 FirstFed Financial * 1,100 21 Home Federal Savings Bank 700 20 St. Francis Capital 900 20 First Indiana 900 20 Queens County Bancorp 600 19 First Bancorp Puerto Rico 800 18 Ameriana Bancorp 960 16 Wood Bancorp 800 16 ISB Financial 700 15 Staten Island Bancorp 800 14 Roslyn Bancorp 800 14 Bank United 300 12 Mid Coast Bancorp 1,500 11 StateFed Financial 800 9 Bedford Bancshares 600 8 ------------- 476 ------------- Total Financial 5,982 ------------- 22 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands HEALTH CARE 5.8% Drugs 3.0% Biogen * 1,600 $ 103 Immunex * 800 102 Genzyme * 1,100 53 Forest Laboratories * 900 42 Chiron * 2,000 41 MedImmune * 600 41 Centocor * 800 37 Priority Healthcare (Class B) * 750 36 Mylan Laboratories 1,300 34 Bergen Brunswig 1,915 33 ICOS * 800 33 Sepracor * 400 32 Andrx * 400 31 ICN Pharmaceuticals 900 29 Human Genome Sciences * 700 28 Cygnus * 2,100 27 Gilead Sciences * 500 26 Affymetrix * 500 25 Roberts Pharmaceutical * 900 22 Covance * 900 22 Bindley Western Industries 888 20 D&K Healthcare * 800 19 Jones Pharma 400 16 Digene * 1,400 16 IVAX * 1,100 16 Dura Pharmaceuticals * 1,300 15 Millennium Pharmaceuticals * 400 14 ONYX Pharmaceuticals * 1,600 14 Nexstar Pharmaceuticals * 700 14 Ventana Medical Systems * 700 14 AmeriSource Health * 500 13 Rexall Sundown * 1,000 12 Sugen * 400 12 Immucor * 800 11 Geron * 1,000 11 23 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Northfield Laboratories * 800 $ 10 K-V Pharmaceutical * 600 9 Priority Healthcare (Class A) * 447 5 Neurocrine Biosciences * 1,000 5 Interneuron Pharmaceuticals * 1,400 4 Genzyme Molecular Biology * 75 0 ------------- 1,047 ------------- Medical Products 1.6% Stryker 1,000 60 VISX * 600 48 Sybron International * 1,300 36 Summit Technology * 1,500 33 Imclone Systems * 1,300 33 Teleflex 700 30 Steris * 1,200 23 Dentsply International 800 23 Minimed * 300 23 Wesley Jessen VisionCare * 700 23 Henry Schein * 600 19 Techne * 700 18 IDEC Pharmaceuticals * 200 15 CONMED * 500 15 Beckman Coulter 300 15 Patterson Dental * 400 14 Collagen 1,000 14 Dexter 300 12 Ocular Sciences * 700 12 Merit Medical Systems * 2,300 11 Mentor 600 11 Kensey Nash * 1,300 11 Arrow International 400 10 ABIOMED * 700 10 Cohesion Technologies * 1,400 9 Eltrax Systems * 1,900 8 Invacare 300 8 American Science Engineering * 800 7 Safeskin * 600 7 Analogic 200 6 24 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Cardima * 2,000 $ 4 Advanced Tissue Sciences * 1,100 4 VIVUS * 900 2 ------------- 574 ------------- Medical Providers & Services 1.2% PacifiCare Health Systems (Class A) * 500 36 Health Management (Class A) * 2,900 33 Hillenbrand Industries 700 30 First Health Group * 1,400 30 Total Renal Care Holdings * 1,700 26 Foundation Health Systems * 1,700 26 Trigon Healthcare * 700 26 Lincare * 1,000 25 Stewart Enterprises (Class A) 1,500 22 Quorum Health Group * 1,700 21 Medpartners * 2,600 20 Universal Health Services * 400 19 Concentra Managed Care * 1,200 18 Orthodontic Centers of America * 1,200 17 Omnicare 1,100 14 Lab Holdings 1,000 14 Res-Care * 600 14 Rural Metro * 1,300 12 Alterra Healthcare * 800 11 Oxford Health Plans * 600 9 Sierra Health Services * 500 7 Coventry Health Care * 400 4 ------------- 434 ------------- Total Health Care 2,055 ------------- INDUSTRIAL 3.0% Defense and Aerospace 0.7% Gulfstream Aerospace * 700 47 Litton Industries * 600 43 Newport News Shipbuilding 800 23 Howmet International * 1,300 22 Cordant Technologies 400 18 25 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands United Industrial 1,600 $ 18 Precision Castparts 400 17 Kellstrom Industries * 700 13 EDO 1,500 11 Heico 400 10 Heico (Class A) 250 6 GRC International ADS * 700 6 T NETIX * 700 4 ------------- 238 ------------- Heavy Electrical Equipment 0.7% American Power Conversion * 2,200 44 SPX * 500 42 Hubbell (Class B) 900 41 UCAR International * 1,300 33 Technitrol 700 22 Anicom * 2,000 21 Alpine Group * 1,100 18 Cable Design Technologies * 1,100 17 ------------- 238 ------------- Heavy Machinery 0.3% Trinity Industries 900 30 Applied Power (Class A) 825 23 Tennant * 500 16 AGCO 1,300 15 Dril-Quip * 400 9 CMI (Class A) 800 8 ------------- 101 ------------- Industrial Parts 1.3% American Standard * 900 43 Pentair 700 32 Tecumseh Products 500 30 U.S. Industries 1,700 29 York International 600 26 Manitowoc 600 25 Harsco 700 22 Coltec Industries * 1,000 22 UNOVA * 1,200 19 Powell Industries * 1,900 18 26 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Genlyte Group * 800 $ 18 Specialty Equipment * 600 18 Kaman 1,100 17 Energy Conversion Devices * 1,700 17 Thomas Industries 800 16 AAON * 1,200 14 Trigen Energy 700 13 Mattson Technology * 1,000 13 Key Technology * 1,400 12 Industrial Holdings * 1,600 12 Lindsay Manufacturing 650 11 Kaydon 300 10 Flow International * 700 8 CTB International * 900 7 Zoltek * 900 7 WSI Industries * 1,400 6 Graham * 600 6 Waterlink * 800 2 ------------- 473 ------------- Total Industrial 1,050 ------------- RETAIL 4.6% Clothing Stores 1.2% Intimate Brands * 2,415 114 Abercrombie & Fitch (Class A) * 1,000 48 Ross Stores 800 40 Payless Shoesource * 600 32 Talbots 800 30 Gadzooks * 1,600 26 Neiman-Marcus * 800 21 American Eagle Outfitters * 400 18 The Dress Barn * 1,100 18 The Children's Place * 300 12 Stein Mart * 1,300 12 Brauns Fashions * 800 12 Harold's Stores * 1,700 11 Stage Stores * 1,700 11 27 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Syms * 900 $ 7 ------------- 412 ------------- Department Stores 0.3% Family Dollar Stores 1,900 45 Saks * 1,375 40 Ames Department Stores * 500 23 Bon-Ton Stores * 1,400 9 ------------- 117 ------------- Grocery Stores 0.4% Food Lion 4,200 50 Weis Markets 700 28 Hannaford Brothers 500 27 Whole Foods Market * 400 19 Rocky Mountain Chocolate Factory * 1,900 11 Casey's General Stores 600 9 Marsh Supermarkets 600 7 ------------- 151 ------------- Specialty Retail 2.7% Amazon.com * 1,600 200 Bed Bath & Beyond * 1,500 58 USA Networks * 1,300 52 Tiffany & Company 500 48 eToys * 1,000 41 Fastenal 700 37 CDW Computer Centers * 800 35 Lands' End * 700 34 Dollar Tree Stores * 750 33 OfficeMax * 2,400 29 Williams-Sonoma * 800 28 General Nutrition * 1,100 26 West Marine * 1,700 25 Barnes & Noble * 900 25 BJ's Wholesale Club * 800 24 Borders Group * 1,300 20 Fred's (Class A) 1,300 20 Corporate Express * 2,600 18 Ubid * 563 18 CompUSA * 2,400 18 28 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Linens `n Things * 400 $ 17 CSK Auto * 600 16 Hibbett Sporting Goods * 700 16 U.S. Office Products * 2,572 14 Micro Warehouse * 700 12 Zale * 300 12 Spiegel (Class A) * 1,300 12 Hancock Fabrics 2,600 11 PETsMART * 1,100 11 School Specialty * 676 11 Good Guys * 1,400 11 Boyds Collection Limited * 500 9 MSC * 700 7 Creative Computers 800 6 NCS HealthCare * 600 3 ------------- 957 ------------- Total Retail 1,637 ------------- TECHNOLOGY 22.6% Communication Equipment 2.6% Qwest Communications International * 6,898 228 QUALCOMM * 1,500 215 Comverse Technology * 850 64 ADC Telecommunications * 1,300 59 Covad Communications Group * 750 40 CIENA * 1,300 39 Polycom * 800 31 DSP Group * 800 29 Adaptive Broadband * 1,200 26 Plantronics * 400 26 ANTEC * 800 26 ADTRAN * 700 25 Advanced Fibre Communications * 1,400 22 L-3 Communications Holdings * 300 15 Aspect Telecommunications * 1,500 14 Comtech Telecommunications * 1,100 12 Harmonic Lightwaves * 200 12 29 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Terayon Communication Systems * 200 $ 11 P-COM * 1,900 10 CMC Industries * 1,100 8 Premisys Communications * 1,000 7 ------------- 919 ------------- Computer Communications Equipment 0.4% Adaptec * 1,300 46 Electronics for Imaging * 800 41 Network Peripherals * 1,100 21 Mylex * 2,000 12 Digi International * 1,000 10 Splash Technology * 1,400 10 ------------- 140 ------------- Computer Makers 0.1% Micron Electronics * 1,500 15 MMC Networks * 300 14 Sequent Computer Systems * 700 12 ------------- 41 ------------- Computer Software 5.2% priceline.com * 1,400 162 VERITAS Software * 800 76 Siebel Systems * 1,000 66 Inktomi * 500 66 Citrix Systems * 1,000 56 Intuit * 600 54 Broadvision * 700 52 Convergys * 2,600 50 NCR * 1,000 49 RealNetworks * 700 48 Synopsys * 800 44 Electronic Arts * 800 43 i2 Technologies * 1,000 43 Sterling Commerce * 1,100 40 BEA Systems * 1,400 40 Rational Software * 1,200 40 Portal Software * 800 37 Sterling Software * 1,300 35 Cadence Design Systems * 2,600 33 30 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Vignette * 400 $ 30 Network Associates * 2,000 29 J. D. Edwards * 1,500 28 Visio * 700 27 USinternetworking * 600 25 National Instruments * 600 24 LHS Group * 700 23 Legato Systems * 400 23 Avt * 600 23 Sapient * 400 23 Verity * 400 22 USWeb * 950 21 Peregrine Systems * 800 21 Symantec * 800 20 Checkfree Holdings * 700 19 ISS Group * 500 19 Harbinger * 1,500 19 SPSS * 700 18 Policy Management Systems * 600 18 Macromedia * 500 18 New Era Of Networks * 400 18 Informix * 2,000 17 Applix * 1,900 17 Marimba * 300 16 Transaction Systems Architects * 400 16 iVillage * 300 15 Razorfish * 400 15 T-HQ * 500 14 Mercury Interactive * 400 14 Great Plains Software * 300 14 Midway Games * 1,079 14 Aware * 300 14 IDX Systems * 600 13 HNC Software * 400 12 Softworks * 1,100 12 JDA Software Group * 1,200 11 Personal Group Of America * 1,100 11 31 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Advantage Learning Systems * 500 $ 11 Health Management Systems * 2,000 11 Intergraph * 1,400 11 Cybercash * 800 10 Micromuse * 200 10 IMRglobal * 500 10 Mapics * 900 9 Medical Manager * 200 9 Clarify * 200 8 Industri-Matematik * 3,200 8 Dendrite International * 200 7 GT Interactive Software * 2,000 7 Summit Design * 2,000 6 BiznessOnline.com * 600 4 Zitel * 2,200 3 Aztec Technology Partners * 538 1 ------------- 1,852 ------------- Electronic Equipment 3.7% Level 3 Communications * 3,300 198 General Motors (Class H) * 1,259 71 Teradyne * 900 65 Molex 1,700 63 Metromedia Fiber Network * 1,600 58 Sanmina * 700 53 Loral Space & Communications * 2,600 47 SCI Systems * 900 43 Waters * 800 42 American Tower Systems (Class A) * 1,700 41 Jabil Circuit * 900 41 Extreme Networks * 600 35 Thermo Instrument Systems * 1,900 32 Vishay Intertechnology * 1,400 29 AVX 1,100 27 Redback Networks * 200 25 Belden 1,000 24 Copper Mountain * 300 23 Bio-Rad Laboratories * 800 21 Amphenol * 500 20 32 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Esterline Technologies * 1,300 $ 19 Park Electrochemical 600 17 Optical Coating Laboratory 200 17 Orbital Sciences * 700 17 General Cable 1,000 16 MagneTek * 1,500 16 Cognex * 500 16 Pittway 400 14 Cytyc * 700 14 Choicepoint * 200 13 Fisher Scientific * 600 13 Roper Industries 400 13 Federal Signal 600 13 C-Cube Microsystems * 400 13 Advanced Energy Industries * 300 12 Dionex * 300 12 Methode Electronics (Class A) 500 11 Cyberoptics * 700 11 Input/Output * 1,500 11 CustomTracks * 200 11 Credence Systems * 300 11 EMS Technologies * 700 10 Tollgrade Communications * 600 9 Xircom * 300 9 Oak Industries * 200 9 Brightpoint * 1,400 8 Checkpoint Systems * 900 8 Video Display * 1,700 8 Perceptron * 1,600 7 Hutchinson Technology * 200 6 ------------- 1,322 ------------- Information Services 5.2% Yahoo! * 2,003 345 At Home * 3,440 186 e-Bay * 1,200 182 Galileo International 1,100 59 Healtheon * 700 54 Exodus Communications * 400 48 33 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands CNET * 800 $ 46 FIserv * 1,425 45 SunGard Data Systems 1,200 41 Total Systems Services 2,000 38 DST Systems * 600 38 Lycos * 400 37 MindSpring Enterprises * 800 35 PSINet * 800 35 Verticalnet * 300 32 Affiliated Computer Services (Class A) * 600 30 International Network Services * 750 30 Infoseek * 600 29 InfoSpace.com * 600 28 Verio * 400 28 Acxiom * 1,100 28 Perot Systems * 900 27 Medquist * 600 26 Sykes Enterprises * 700 23 American Management Systems * 700 22 Critical Path * 400 22 Cambridge Technology Partners * 1,200 21 CIBER * 1,100 21 Prodigy Communication * 800 21 Data Transmission Network * 700 20 Lightbridge * 1,500 19 EarthLink Network * 300 18 Go2Net * 200 18 Keane * 800 18 BISYS Group * 300 18 Concentric Network * 400 16 Incyte Pharmaceuticals * 600 16 A Consulting Team * 1,800 15 SABRE Group Holdings * 200 14 Scient * 300 14 CSG Systems International * 500 13 Superior Consultant Holdings * 500 12 Abovenet Communications * 200 8 34 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands TheStreet.com * 200 $ 7 SportsLine USA * 200 7 Avert * 1,100 7 UBICS * 2,200 7 Group 1 Software * 600 5 Multex Systems * 200 5 ------------- 1,834 ------------- Miscellaneous Computer Hardware 1.4% Lexmark International Group (Class A) * 1,400 92 Quantum * 1,700 41 Symbol Technologies 1,050 39 Tech Data * 800 30 MIP Technologies * 600 29 Zebra Technologies (Class A) * 700 27 Diebold 900 26 Storage Technology * 1,100 25 Safeguard Scientifics * 400 25 Ingram Micro * 800 21 Dataram * 1,700 17 Iomega * 3,400 17 Scansource * 700 15 Black Box * 300 15 Sandisk * 300 13 Jack Henry & Associates 300 12 Bell & Howell * 300 11 Exabyte * 2,200 8 Security Dynamics Technologies * 400 8 Stratasys * 1,700 6 Global Payment Technologies * 600 5 Gradco Systems * 1,425 4 Western Digital * 300 2 Ultradata Systems * 1,200 2 SED International Holdings * 600 1 ------------- 491 ------------- Semiconductor Capital Equipment 0.3% Novellus Systems * 500 34 Photronics * 800 19 Kulicke & Soffa * 700 19 35
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Watkins-Johnson 500 $ 15 Veeco * 400 14 Lam Research * 300 14 .......................................................................... 115 ............. Semiconductors 3.6% Linear Technology 1,500 101 Maxim Integrated Products * 1,400 93 Xilinx * 1,600 92 Analog Devices * 1,700 85 Uniphase * 500 83 Altera * 2,000 74 Vitesse Semiconductor * 1,000 68 Conexant Systems * 1,000 58 Broadcom * 400 58 RF Micro Devices * 600 45 E Tek Dynamics * 900 43 Atmel * 1,500 39 Microchip Technology * 800 38 Rambus * 400 37 Burr Brown * 900 33 Unitrode * 1,000 29 Avnet 600 28 Arrow Electronics * 1,400 27 QLogic * 200 26 Applied Micro Circuits * 300 25 SDL * 400 20 Amkor Technology * 1,600 16 SMART Modular Technologies * 900 16 Micrel * 200 15 DuPont Photomasks * 300 14 HEI * 2,100 14 PLX Technology * 300 14 Cypress Semiconductor * 800 13 Cohu 300 11 TelCom Semiconductor * 1,100 11 Dallas Semiconductor 200 10 Transwitch * 200 9 MEMC Electronic Materials * 700 9
36 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Align-Rite International * 600 $ 8 Opti * 1,200 7 ------------- 1,269 ------------- Total Technology 7,983 ------------- TELECOMMUNICATIONS 2.6% Wireless Communications 0.9% U. S. Cellular * 900 48 Telephone and Data Systems 600 44 Omnipoint * 1,400 40 Associated Group * 600 39 Price Communications * 2,033 31 Leap Wireless International * 1,400 28 Cellullar Communications 700 20 Voicestream Wireless * 700 20 Western Wireless 700 19 Boston Communications Group * 1,100 15 Centinal Cellular (Class A) * 400 14 ------------- 318 ------------- Telephone 1.7% GTS * 800 65 NTL * 700 60 McLeod USA * 800 44 Citizens Utilities * 3,734 42 Rhythms Netconnections * 700 41 Allegiance Telecom * 600 33 Cincinnati Bell 1,300 32 Winstar Communications * 500 24 Intermedia Communications * 800 24 GST Telecommunications * 1,800 24 ICG Communications * 1,100 23 Nextlink Communications * 300 22 IXC Communications * 500 20 Aliant Communications * 400 19 Teleglobe 619 18 Hickory Technology 1,400 16 ITC Deltacom * 500 14 37 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Talk Com * 1,200 $ 13 Total-Tel USA Communications * 700 12 Viatel * 200 11 General Communication * 1,600 11 COMSAT 300 10 Northeast Optic Network * 500 8 Primus Telecomm Group * 300 7 Talk Com, Rights, 2/12/00 * 30 0 ------------- 593 ------------- Total Telecommunications 911 ------------- TRANSPORTATION 1.4% Airlines 0.5% UAL * 600 39 Continental Airlines * 700 26 Northwest Airlines * 800 26 Comair Holdings 1,100 23 Amtran * 800 20 Frontier Airlines * 900 15 Atlantic Coast Airlines * 600 11 Mesa Air Group * 1,100 8 ------------- 168 ------------- Railroads 0.2% St. Joe 1,000 27 Florida East Coast 300 13 RailAmerica * 1,100 11 Greenbrier Companies 1,000 11 Wisconsin Central Transport * 500 9 Varlen * 200 8 ------------- 79 ------------- Trucking, Shipping, Air Freight 0.7% CNF Transportation 700 27 Eagle USA Air Freight * 600 25 Airbourne Freight 900 25 Swift Transportation * 1,050 23 C.H. Robinson Worldwide 600 22 American Freightways * 1,100 21 38 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Werner Enterprises 800 $ 17 Roadway Express 800 16 Overseas Shipholding Group 1,200 15 U.S. Xpress Enterprises * 1,100 12 Expeditors International of Washington 400 11 Trico Marine Services * 1,600 11 KLLM Transport * 1,400 8 Forward Air 200 6 Hvide Marine * 1,500 3 ------------- 242 ------------- Total Transportation 489 ------------- UTILIITES 3.5% Electric Utilities 2.4% Montana Power 700 49 Energy East 1,700 44 Allegheny Energy 1,200 38 Conectiv 1,500 37 DQE 900 36 Potomac Electric Power 1,200 35 NiSource 1,300 34 Pinnacle West Capital 800 32 Northeast Utilities * 1,800 32 Midamerica Energy Holdings * 900 31 SCANA 1,300 30 Teco Energy 1,300 30 DPL 1,600 29 Wisconsin Energy 1,100 28 Pugets Sound Energy 1,100 26 IPALCO Enterprises 1,200 25 Illinova 900 25 CMP Group 900 24 Alliant 800 23 BEC Energy 500 21 OGE Energy 800 19 St. Joseph Light & Power 900 19 Public Service of New Mexico 900 18 39 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands Kansas City Power & Light 700 $ 18 SIGCORP 600 17 Maine Public Service 900 16 Western Resources 600 16 New England Electric System 300 15 Unisource Energy * 1,200 14 Minnesota Power & Light 700 14 United Illuminating 300 13 WPS Resources 400 12 Thermo Ecotek * 1,300 10 ------------- 830 ------------- Gas Utilities 1.1% Marketspan 1,640 43 El Paso Energy 1,200 42 American Water Works 1,300 40 LG&E Energy 1,768 37 Western Gas Resources 1,600 26 National Fuel Gas 500 24 Energen 1,100 20 MCN 900 19 E'town 400 18 WICOR 600 17 SJW 200 16 Yankee Energy System 400 16 Colonial Gas 400 15 Roanoke Gas * 700 14 Questar 700 13 KN Energy 950 13 EnergyNorth 400 12 Southwestern Energy 1,000 11 ------------- 396 ------------- Total Utiliites 1,226 ------------- 40 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Shares/Par Value - -------------------------------------------------------------------------------- In thousands MISCELLANEOUS 0.3% Crown Castle International * 1,700 $ 35 Santa Fe Snyder 2,100 16 Sodexho Marriott Services * 800 15 Landair * 3,100 13 Resource Asset Investment Trust, REIT 900 11 Meristar Hospitality 500 11 Vornado Operating * 1,335 11 Investment Technology Group 300 10 Genzyme Surgical Products * 196 1 Procurenet * 600 0 Total Miscellaneous 123 ------------- Total Common Stocks (Cost $29,305) 31,815 ------------- Short-Term Investments 10.7% U.S. Government Obligations 0.6% U.S. Treasury Bills, 4.05 - 4.12%, 7/22/99 $ 200,000 200 200 ------------- Money Market Funds, 10.1% Reserve Investment Fund, 5.05% # 3,587,351 3,587 3,587 ------------- Total Short-Term Investments (Cost $3,787) 3,787 ------------- 41 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - --------------------------------------------------------------------------------
Value - ------------------------------------------------------------------------------------------------- In thousands Total Investments in Securities 100.8% of Net Assets (Cost $33,092) $ 35,602 Futures Contracts In thousands Contract Unrealized Expiration Value Gain (Loss) Long, 8 Midcap 400 Stock Index contracts $100,000 of U.S. Treasury Bills pledged as initial margin 9/99 $ 1,626 $ 52 Long, 8 Russell 2000 Stock Index contracts $100,000 of U.S. Treasury Bills pledged as initial margin 9/99 1,777 71 Net payments (receipts) of variation margin to date (99) Variation margin receivable (payable) on open futures contracts 24 Other Assets Less Liabilities (313) NET ASSETS $ 35,313 ------------- Net Assets Consist of: Accumulated net investment income - net of distributions $ 120 Accumulated net realized gain/loss - net of distributions 1,304 Net unrealized gain (loss) 2,633 Paid-in-capital applicable to 2,881,536 shares of $0.0001 par value capital stock outstanding; 1,000,000,000 shares of the Corporation authorized 31,256 NET ASSETS $ 35,313 ------------- NET ASSET VALUE PER SHARE $ 12.26 -------------
# Seven-day yield * Non-income producing ADS American depository share REIT Real Estate Investment Trust The accompanying notes are an integral part of these financial statements. 42 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited - ----------------------- Statement of Operations - -------------------------------------------------------------------------------- In thousands 6 Months Ended 6/30/99 Investment Income Income Dividend $ 127 Interest 42 Total income 169 Expenses Investment management and administrative 51 Net investment income 118 Realized and Unrealized Gain (Loss) Net realized gain (loss) Securities 555 Futures 120 Net realized gain (loss) 675 Change in net unrealized gain or loss Securities 2,332 Futures 51 Change in net unrealized gain or loss 2,383 Net realized and unrealized gain (loss) 3,058 INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS $ 3,176 -------------- The accompanying notes are an integral part of these financial statements. 43 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited - ---------------------------------- STATEMENT OF CHANGES IN NET ASSETS - -------------------------------------------------------------------------------- In thousands 6 Months 1/30/98 Ended Through 6/30/99 12/31/98 Increase (Decrease) in Net Assets Operations Net investment income $ 118 $ 143 Net realized gain (loss) 675 822 Change in net unrealized gain or loss 2,383 250 Increase (decrease) in net assets from operations 3,176 1,215 Distributions to shareholders Net investment income - (141) Net realized gain - (193) Decrease in net assets from distributions - (334) Capital share transactions* Shares sold 15,084 23,207 Distributions reinvested - 327 Shares redeemed (3,692) (3,679) Redemption fees received 2 7 Increase (decrease) in net assets from capital share transactions 11,394 19,862 Net Assets Increase (decrease) during period 14,570 20,743 Beginning of period 20,743 - End of period $ 35,313 $ 20,743 --------------------------- *Share information Shares sold 1,327 2,226 Distributions reinvested - 33 Shares redeemed (327) (377) Increase (decrease) in shares outstanding 1,000 1,882 The accompanying notes are an integral part of these financial statements. 44 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- Unaudited June 30, 1999 - ----------------------------- NOTES TO FINANCIAL STATEMENTS - -------------------------------------------------------------------------------- NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES T. Rowe Price Index Trust, Inc. (the corporation) is registered under the Investment Company Act of 1940. The Extended Equity Market Index Fund (the fund), a diversified, open-end management investment company, is one of the portfolios established by the corporation and commenced operations on January 30, 1998. The accompanying financial statements are prepared in accordance with generally accepted accounting principles for the investment company industry; these principles may require the use of estimates by fund management. Valuation Equity securities listed or regularly traded on a securities exchange are valued at the last quoted sales price on the day the valuations are made. A security which is listed or traded on more than one exchange is valued at the quotation on the exchange determined to be the primary market for such security. Listed securities not traded on a particular day and securities regularly traded in the over-the-counter market are valued at the mean of the latest bid and asked prices. Other equity securities are valued at a price within the limits of the latest bid and asked prices deemed by the Board of Directors, or by persons delegated by the Board, best to reflect fair value. Short-term debt securities are valued at amortized cost which, when combined with accrued interest, approximates fair value. Investments in mutual funds are valued at the closing net asset value per share of the mutual fund on the day of valuation. Financial futures contracts are valued at closing settlement prices. Assets and liabilities for which the above valuation procedures are inappropriate or are deemed not to reflect fair value are stated at fair value as determined in good faith by or under the supervision of the officers of the fund, as authorized by the Board of Directors. Premiums and Discounts Premiums and discounts on debt securities are amortized for both financial reporting and tax purposes. Other Income and expenses are recorded on the accrual basis. Investment transactions are accounted for on the trade date. Realized gains and losses are reported on the identified cost basis. Dividend income and distributions to shareholders are recorded by the fund on the ex-dividend date. Income and 45 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- capital gain distributions are determined in accordance with federal income tax regulations and may differ from those determined in accordance with generally accepted accounting principles. Payments ("variation margin") made or received by the fund to settle the daily fluctuations in the value of futures contracts are recorded as unrealized gains or losses until the contracts are closed. Unrealized gains or losses on futures contracts are included in Change in net unrealized gain or loss in the accompanying financial statements. NOTE 2 - INVESTMENT TRANSACTIONS Consistent with its investment objective, the fund engages in the following practices to manage exposure to certain risks or enhance performance. The investment objective, policies, program, and risk factors of the fund are described more fully in the fund's prospectus and Statement of Additional Information. Futures Contracts At June 30, 1999, the fund was a party to futures contracts, which provide for the future sale by one party and purchase by another of a specified amount of a specific financial instrument at an agreed upon price, date, time, and place. Risks arise from possible illiquidity of the futures market and from movements in security values. Other Purchases and sales of portfolio securities, other than short-term securities, aggregated $12,087,000 and $2,359,000, respectively, for the six months ended June 30, 1999. NOTE 3 - FEDERAL INCOME TAXES No provision for federal income taxes is required since the fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. At June 30, 1999, the cost of investments for federal income tax purposes was substantially the same as for financial reporting and totaled $33,092,000. Net unrealized gain aggregated $2,510,000 at period-end, of which $5,160,000 related to appreciated investments and $2,650,000 to depreciated investments. 46 T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND - -------------------------------------------------------------------------------- NOTE 4 - RELATED PARTY TRANSACTIONS The investment management and administrative agreement between the fund and T. Rowe Price Associates, Inc. (the manager) provides for an all-inclusive annual fee. The fee, computed daily and paid monthly, is equal to 0.40% of the fund's average daily net assets. Pursuant to the agreement, investment management, shareholder servicing, transfer agency, accounting, and custody services are provided to the fund, and interest, taxes, brokerage commissions, and extraordinary expenses are paid directly by the fund. The fund may invest in the Reserve Investment Fund and Government Reserve Investment Fund (collectively, the Reserve Funds), open-end management investment companies managed by T. Rowe Price Associates, Inc. The Reserve Funds are offered as cash management options only to mutual funds and other accounts managed by T. Rowe Price and its affiliates and are not available to the public. The Reserve Funds pay no investment management fees. Distributions from the Reserve Funds to the fund for the six months ended June 30, 1999, totaled $40,000 and are reflected as interest income in the accompanying Statement of Operations. 47 For yield, price, last transaction, current balance, or to conduct transactions, 24 hours, 7 days a week, call Tele*Access(R): 1-800-638-2587 toll free For assistance with your existing fund account, call: Shareholder Service Center 1-800-225-5132 toll free 410-625-6500 Baltimore area To open a brokerage account or obtain information, call: 1-800-638-5660 toll free Internet address: www.troweprice.com T. Rowe Price Associates 100 East Pratt Street Baltimore, Maryland 21202 This report is authorized for distribution only to shareholders and to others who have received a copy of the prospectus appropriate to the fund or funds covered in this report. Investor Centers: 101 East Lombard St. Baltimore, MD 21202 T. Rowe Price Financial Center 10090 Red Run Blvd. Owings Mills, MD 21117 Farragut Square 900 17th Street, N.W. Washington, D.C. 20006 4200 West Cypress St. 10th Floor Tampa, FL 33607 4410 ArrowsWest Drive Colorado Springs, CO 80907 Warner Center 21800 Oxnard Street, Suite 270 Woodland Hills, CA 91367 [LOGO OF T. ROWE PRICE APPEARS HERE] T. Rowe Price Investment Services, Inc., Distributor. F24-051 6/30/99 -----END PRIVACY-ENHANCED MESSAGE-----