0001012968-06-000014 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT Between
Investment Management Agreement • July 17th, 2006 • T. Rowe Price Institutional Equity Funds, Inc.

INVESTMENT MANAGEMENT AGREEMENT, made as of the --- day of July, 2006, by and between T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, 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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