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The following capital gains distributions were declared to shareholders of record on January 28, 2008.

Declaration/Record Date: January 28, 2008
Ex-Dividend and Reinvestment Date: January 29, 2008
Pay Date: January 30, 2008
January 2008 Capital Gains Distributions
  Per Share Amounts
T. Rowe Price Funds Short-Term
Capital Gains
Capital Gains
Emerging Markets Bond $0.07
International Bond $0.04
International Bond—Advisor Class $0.04
Spectrum Income $0.10
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