T. Rowe Price Retirement 2010 Adv

Ticker: PARAX


Investment Objective
The fund seeks the highest total return over time consistent with an emphasis on both capital growth and income.

Investment Strategy
The fund will seek to achieve its objective by investing in a set of underlying T. Rowe Price mutual funds representing various asset classes and sectors. The fund is managed to a specific retirement year (target date) included in its name. The fund invests in a diversified portfolio of T. Rowe Price stock and bond funds. The fund's allocation between T. Rowe Price stock and bond funds will change over time.

 Morningstar Category
 Target-Date 2000-2014
 Morningstar Style Box
  Style Box not available
CUSIP: 74149P861
General Information
Expense Ratio: 0.88%
Inception Date: 10/31/2003
Fund Manager: Jerome A. Clark
Managed Fund Since:
Fund Phone Number: 800-638-5660
Fund Website: www.troweprice.com
Top 5 Holdings (as of 06/30/2008 )
T. Rowe Price Equity Index 500  27.37 %
T. Rowe Price New Income  26.55 %
T. Rowe Price Short-Term Income  7.79 %
T. Rowe Price Growth Stock  7.61 %
T. Rowe Price High-Yield  4.77 %

Be aware that there are significant differences in risk among investment asset classes. Refer to the investment pyramid for a complete listing of disclosures. Shares of a mutual fund will fluctuate so that, when redeemed, they may be worth more or less than their original cost. Refer to the fund’s prospectus for complete information on the risks and expenses involved with a particular investment. Please note that some fund companies may waive a portion of these expenses.

Funds that diversify across asset classes generally have the same, but reduced, risks relative to the underlying asset classes.

Mutual funds offered through Lincoln Financial Advisors Corp., a broker/dealer, 1300 S. Clinton St., Fort Wayne, IN, 46802.

This information must be preceded or accompanied by prospectuses for the funds listed. The most current information on a specific mutual fund, including risk, fees and expenses can be viewed online at www.LincolnAlliance.com. Paper copies of prospectuses can be requested by calling 800-234-3500. Read the prospectus carefully before investing.

The Morningstar® category is assigned based on the underlying securities in each portfolio as measured by the portfolio statistics and compositions over the past three years.

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The mutual fund information is compiled by NewRiver, Inc., from documents filed with the Securities & Exchange Commission’s EDGAR database. The information is provided on an ‘as is’ basis and without warranties.

CRN0306-3628