0001368135-06-000014 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT Between
Investment Management Agreement • August 29th, 2006 • T. Rowe Price Short-Term Income Fund, Inc.

INVESTMENT MANAGEMENT AGREEMENT, made as of the 19th day of July, 2006, by and between T. ROWE PRICE SHORT-TERM INCOME FUND, INC., a Maryland corporation (the "Corporation"), and T. ROWE PRICE ASSOCIATES, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the "Manager").

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UNDERWRITING AGREEMENT ("Agreement") BETWEEN
Underwriting Agreement • August 29th, 2006 • T. Rowe Price Short-Term Income Fund, Inc.

THIS UNDERWRITING AGREEMENT, made as of the 19th day of July, 2006, by and between T. ROWE PRICE SHORT-TERM INCOME FUND, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the "Fund"), and T. ROWE PRICE INVESTMENT SERVICES, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the "Distributor").

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