Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Stromberg William J
2. Date of Event Requiring Statement (Month/Day/Year)
02/08/2006
3. Issuer Name and Ticker or Trading Symbol
PRICE T ROWE GROUP INC [TROW]
(Last)
(First)
(Middle)
100 E. PRATT STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BALTIMORE, MD 21202
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 341,915.597
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy)   (1) 09/21/2011 Common Stock 15,000 $ 25.7 D  
Stock Options (Right to buy)   (2) 07/30/2012 Common Stock 30,000 $ 27.34 D  
Stock Options (Right to buy)   (3) 11/18/2006 Common Stock 6,374 $ 36.71 D  
Stock Options (Right to buy)   (4) 11/18/2006 Common Stock 9,388 $ 38.3438 D  
Stock Options (Right to buy)   (5) 09/21/2011 Common Stock 9,189 $ 41.95 D  
Stock Options (Right to buy)   (6) 09/21/2011 Common Stock 8,900 $ 42.9 D  
Stock Options (Right to buy)   (7) 12/11/2013 Common Stock 60,000 $ 43.45 D  
Stock Options (Right to buy)   (8) 07/30/2012 Common Stock 8,474 $ 48.39 D  
Stock Options (Right to buy)   (9) 11/18/2007 Common Stock 29,248 $ 55.78 D  
Stock Options (Right to buy)   (10) 12/21/2008 Common Stock 36,316 $ 61.23 D  
Stock Options (Right to buy)   (11) 09/03/2009 Common Stock 16,279 $ 61.39 D  
Stock Options (Right to buy)   (12) 12/20/2014 Common Stock 55,000 $ 61.55 D  
Stock Options (Right to buy)   (13) 09/03/2009 Common Stock 19,252 $ 62.61 D  
Stock Options (Right to buy)   (14) 10/03/2015 Common Stock 50,000 $ 65.24 D  
Stock Options (Right to buy)   (15) 11/20/2010 Common Stock 39,075 $ 72.36 D  
Stock Options (Right to buy)   (16) 07/30/2012 Common Stock 11,237 $ 72.99 D  
Stock Options (Right to buy)   (16) 09/21/2011 Common Stock 10,563 $ 72.99 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stromberg William J
100 E. PRATT STREET
BALTIMORE, MD 21202
      Vice President  

Signatures

WILLIAM J STROMBERG 02/10/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(11) 02/28/2005 Replenishment Grant - option vest 100% immediately.
(7) 12/11/2003 Grant - The option vests 20% annually over a 5 year period beginning on 12/11/2004.
(1) 09/21/2001 Grant - The option vests 20% annually over a 5 year period beginning on 09/21/2002.
(14) 10/03/2005 Grant - The option vests 20% annually over a 5 year period beginning on 10/03/2006.
(10) 06/17/2005 Replenishment Grant - option vest 100% immediately.
(8) 01/02/2004 Replenishment Grant - option vest 100% immediately.
(12) 12/20/2004 Grant - The option vests 20% annually over a 5 year period beginning on 12/20/2005.
(6) 09/24/2003 Replenishment Grant - option vest 100% immediately.
(5) 08/12/2003 Replenishment Grant - option vest 100% immediately.
(4) 03/16/1999 Replenishment Grant - option vest 100% immediately.
(15) 11/23/2005 Replenishment Grant - option vest 100% immediately.
(2) 07/30/2002 Grant - The option vests 20% annually over a 5 year period beginning on July 30, 2003.
(9) 03/05/2004 Replenishment Grant - option vest 100% immediately.
(16) 01/03/2006 Replishment Grant - option vest 100% immediately.
(13) 03/01/2005 Replenishment Grant - option vest 100% immediately.
(3) 05/30/2003 Replenishment Grant - option vest 100% immediately.

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