T. Rowe Price
Performance Report
for Titan Corporation Periods Ended 12/31/00
(Performance figures for time periods greater than one year are annualized.)



Investment Options Compared with Unmanaged Indices 3 Months 1 Year 3 Years 5 Years 10 Years Since
Inception
Inception
Date
ONE-STEP MIX
TRP Personal Strategy Income Fund 1.83 6.59 7.72 9.95 --- 11.57 07/29/94
Lipper Income Funds Average 0.56 4.99 5.96 9.68 12.26 --- ---
Weighted Index
(34% S&P, 40% LB Agg, 20% T-Bills, 6% EAFE)
-0.86 1.76 8.72 10.52 10.75 --- ---

TRP Personal Strategy Balanced Fund 1.32 5.60 9.10 11.80 --- 13.59 07/29/94
Lipper Flexible Portfolio Funds Average -2.70 0.29 8.75 11.54 12.63 --- ---
Weighted Index
(51% S&P, 30% LB Agg, 10% T-Bills, 9% EAFE)
-2.85 -1.98 9.96 12.70 12.72 --- ---

TRP Personal Strategy Growth Fund 0.87 4.70 10.43 13.82 --- 15.77 07/29/94
Lipper Flexible Portfolio Funds Average -2.70 0.29 8.75 11.54 12.63 --- ---
Weighted Index
(68% S&P, 20% LB Agg, 12% EAFE)
-4.83 -5.67 11.07 14.81 14.64 --- ---

CHOOSE-YOUR-OWN MIX
STABILITY
T. Rowe Price Stable Value¹ 1.50 6.00 5.95 5.98 6.26 6.68 09/12/88
S-SB 3-Month Treasury Bill Index 1.57 5.96 5.25 5.25 4.87 --- ---
(7-Day Yield = 6.26%)³
TRP Summit Cash Reserves²

1.58 6.16 5.48 5.39 --- 5.18 10/29/93
Lipper Money Market Funds Average 1.47 5.70 5.02 5.00 4.62 --- ---
S-SB 3-Month Treasury Bill Index 1.57 5.96 5.25 5.25 4.87 --- ---
INCOME
PIMCO High Yield -1.83 -0.66 2.69 6.36 --- 8.58 01/16/95
Lipper High Current Yield Funds Average -6.32 -8.38 -2.29 3.36 9.99 --- ---
Lehman Brothers High Yield Index -5.24 -5.86 -0.61 4.28 11.16 --- ---

PIMCO Total Return-Admin 4.62 11.83 6.80 6.94 --- --- 09/08/94
Lipper Intermediate Invest Grade Debt Funds Ave 3.68 9.78 5.30 5.47 7.58 --- ---
Lehman Brothers Aggregate Bond Index 4.21 11.63 6.36 6.46 7.96 --- ---
GROWTH
Lower  Risk / Return  Potential
T. Rowe Price Equity Income 8.85 13.12 8.66 14.75 16.37 15.50 10/31/85
Lipper Equity Income Funds Average 2.72 6.77 6.72 12.77 14.46 --- ---
S&P 500 Index -7.82 -9.11 12.26 18.33 17.46 --- ---
Moderate  Risk / Return  Potential
Janus Worldwide -13.86 -16.87 19.81 21.24 --- 19.91 05/15/91
Lipper Global Funds Average -7.03 -10.27 11.62 12.86 11.65 --- ---
MSCI World Index -6.11 -12.92 10.85 12.53 12.43 --- ---

T. Rowe Price Equity Index 500 -7.87 -9.30 11.97 18.00 16.99 15.74 03/30/90
S&P 500 Index -7.82 -9.11 12.26 18.33 17.46 --- ---

T. Rowe Price International Stock -6.03 -17.09 9.03 9.07 10.34 13.35 05/09/80
Lipper International Funds Average -4.75 -15.60 9.88 9.09 9.59 --- ---
MSCI EAFE Index -2.62 -13.96 9.64 7.43 8.56 --- ---

T. Rowe Price Spectrum Growth -4.47 -0.11 11.22 14.25 --- 13.79 06/29/90
Lipper Multi-Cap Core Funds Average -7.71 -2.96 10.83 15.92 16.27 --- ---
S&P 500 Index -7.82 -9.11 12.26 18.33 17.46 --- ---

UAM Heitman Real Estate 4.19 24.90 1.57 11.89 13.34 8.80 03/06/89
Lipper Real Estate Funds Average 3.15 25.62 0.36 10.08 11.33 --- ---
Wilshire Real Estate Securities Index 2.81 3.10 -1.12 8.82 4.94 --- ---
Higher  Risk / Return  Potential
TRP Extended Equity Market Index -18.48 -15.58 --- --- --- 8.47 01/30/98
Lipper Mid-Cap Core Funds Average -8.24 7.10 13.17 15.65 16.97 --- ---
Wilshire 4500 Equity Index -19.22 -15.78 7.42 12.81 15.87 --- ---

T. Rowe Price Mid-Cap Growth -3.81 7.43 17.50 19.10 --- 21.74 06/30/92
Lipper Mid-Cap Core Funds Average -8.24 7.10 13.17 15.65 16.97 --- ---
S&P 400 MidCap Index -3.85 17.51 17.10 20.41 19.86 --- ---

T. Rowe Price Small-Cap Value 2.10 19.77 1.99 11.08 15.73 12.47 06/30/88
Lipper Small-Cap Value Funds Average 17.77 17.77 4.22 12.77 15.61 --- ---
Russell 2000 Value Index 8.11 22.83 4.22 12.60 17.64 --- ---
Highest  Risk / Return  Potential
Janus Mercury -20.61 -22.75 33.91 25.88 --- 25.90 05/03/93
Lipper Multi-Cap Growth Funds Average -20.16 -11.07 20.65 18.98 18.51 --- ---
S&P 500 Index -7.82 -9.11 12.26 18.33 17.46 --- ---

TRP Science & Technology -32.29 -34.19 23.48 16.95 25.00 20.47 09/30/87
Lipper Science & Technology Fund Index -34.61 -30.27 29.90 22.54 23.30 --- ---
Russell 2500 Growth Index -19.35 -16.09 10.39 12.18 15.72 --- ---

Titan Corporation -1.52 -65.65 37.62 17.99 24.99 --- ---

FOOTNOTES
¹The Stable Value Common Trust Fund (the "Stable Value Fund") is not a mutual fund. It is a common trust fund established by the T. Rowe Price Trust Company under Maryland banking law and its units are exempt from registration under the Securities Act of 1933. Investments in the trust are not deposits or obligations of, or guaranteed by, the U.S. Government or its agencies or the T. Rowe Price Trust Company. Although the trust seeks to preserve the value of your investment at $1.00 per unit, it is possible to lose money by investing in the trust. Performance figures shown are net of .45%, which is the highest trustee fee charged to participating plans in the fund. Actual fees may vary depending upon, among other things, the applicable fee schedule and plan size. Your plan's actual investment returns may be higher than those shown.
This table was originally an Excel spreadsheet generated by TRP for Titan. I converted it to HTML with StarOffice v5.2 and hand-edited it a bit for generic web usage.

Except for insertion of this orange block and renumbering of footnotes, TRP's information is unchanged. This is why I feel comfortable referring to the information herein as "semi-official". Neither T. Rowe Price nor Titan has authorized or reviewed this work.

The page has been tested with IE 5, Netscape 4, and Netscape 6. All 3 display it correctly, but for some reason, only the standards-based NS 6 prints it properly.

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Accesses since 28 Jan 2001
Page last updated on 28 Jan 2001

²An investment in the fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

³Yields for money market funds represent the average daily dividends for the seven days, annualized by 365 days and divided by the net asset values per share at the end of the period. This yield will vary and is not guaranteed. Three month and year-to-date figures are not annualized and represent total return, which includes reinvested distributions (income and capital gains) and any change in share price for the given period. Money market funds seek to maintain a stable share price.

Note: Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.

The performance information presented includes changes in principal value, reinvested dividends, and capital gain distributions. Investment return and principal value will vary and shares may be worth more or less at redemption than at original price. Past performance cannot guarantee future results. Certain funds with inception dates after 1985 may have been or are currently operating under expense limitations. Without these limitations, the total return of these funds would have been lower.

For more details on these funds, please ask your T. Rowe Price representative for a prospectus with more complete information, including investment objective, risks, management fees and other charges and expenses. Read the prospectus carefully before you invest, send money, or add the fund to your plan's lineup.

T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds.