0001169187-04-000013 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT Between
Investment Management Agreement • November 29th, 2004 • T Rowe Price Institutional Income Funds Inc

INVESTMENT MANAGEMENT AGREEMENT, made as of the 20th day of September, 2004, by and between T. ROWE PRICE INSTITUTIONAL INCOME 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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