Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Stromberg William J
   2. Issuer Name and Ticker or Trading Symbol
PRICE T ROWE GROUP INC [TROW] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
(Last)
(First)
(Middle)
100 E. PRATT STREET		 3. Date of Earliest Transaction (Month/Day/Year)
06/30/2006
(Street)

BALTIMORE, MD 21202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2006   A V 68.149 A $ 0 (1) 693,678.575 (2) D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $ 12.85               (3) 09/21/2011 Common Stock 30,000   30,000 (4) D  
Stock Options (Right to buy) $ 13.67               (5) 07/30/2012 Common Stock 60,000   60,000 (4) D  
Stock Options (Right to buy) $ 20.975               (6) 09/21/2011 Common Stock 18,378   18,378 (4) D  
Stock Options (Right to buy) $ 21.45               (7) 09/21/2011 Common Stock 17,800   17,800 (4) D  
Stock Options (Right to buy) $ 21.725               (8) 12/11/2013 Common Stock 120,000   120,000 (4) D  
Stock Options (Right to buy) $ 24.195               (9) 07/30/2012 Common Stock 16,948   16,948 (4) D  
Stock Options (Right to buy) $ 27.89               (10) 11/18/2007 Common Stock 58,496   58,496 (4) D  
Stock Options (Right to buy) $ 30.615               (11) 12/21/2008 Common Stock 72,632   72,632 (4) D  
Stock Options (Right to buy) $ 30.695               (12) 09/03/2009 Common Stock 32,558   32,558 (4) D  
Stock Options (Right to buy) $ 30.775               (13) 12/20/2014 Common Stock 110,000   110,000 (4) D  
Stock Options (Right to buy) $ 31.305               (14) 09/03/2009 Common Stock 38,504   38,504 (4) D  
Stock Options (Right to buy) $ 32.62               (15) 10/03/2015 Common Stock 100,000   100,000 (4) D  
Stock Options (Right to buy) $ 36.18               (16) 11/20/2010 Common Stock 78,150   78,150 (4) D  
Stock Options (Right to buy) $ 36.495               (17) 09/21/2011 Common Stock 21,126   21,126 (4) D  
Stock Options (Right to buy) $ 36.495               (17) 07/30/2012 Common Stock 22,474   22,474 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Stromberg William J
100 E. PRATT STREET
BALTIMORE, MD 21202		       Vice President  

Signatures

 WILLIAM J STROMBERG   07/19/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(12) 02/28/2005 Replenishment Grant - option vests 100% immediately.
(8) 12/11/2003 Grant - The option vests 20% annually over a 5 year period beginning on 12/11/2004.
(5) 07/30/2002 Grant - The option vests 20% annually over a 5 year period beginning on 07/30/2003.
(3) 09/21/2001 Grant - The option vests 20% annually over a 5 year period beginning on 09/21/2002.
(15) 10/03/2005 Grant - The option vests 20% annually over a 5 year period beginning on 10/03/2006.
(11) 06/17/2005 Replenishment Grant - option vests 100% immediately.
(13) 12/20/2004 Grant - The option vests 20% annually over a 5 year period beginning on 12/20/2005.
(2) At the close of business on June 23, 2006, the Common Stock of the issuer split 2:1 resulting in the reporting person's acquisition of one additional share of Common Stock for each share owned.
(7) 09/24/2003 Replenishment Grant - option vests 100% immediately.
(6) 08/12/2003 Replenishment Grant - option vests 100% immediately.
(1) ESPP - Shares acquired on 05/31/2006 and 06/30/2006 pursuant to the T. Rowe Price Group, Inc. Employee Stock Purchase Plan. Shares were purchased at $39.5196 and $37.5675 per share, respectively.
(16) 11/23/2005 Replenishment Grant - option vests 100% immediately.
(10) 03/05/2004 Replenishment Grant - option vests 100% immediately.
(9) 01/02/2004 Replenishment Grant - option vests 100% immediately.
(4) This option, previously reported, has been adjusted to reflect a 2:1 stock split that occurred on June 23, 2006.
(17) 01/03/2006 Replenishment Grant - option vests 100% immediately.
(14) 03/01/2005 Replenishment Grant - option vests 100% immediately.

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