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 Â

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	Â
Stock Options (Right to buy)	  (2)	07/30/2012	Common Stock	30,000	$ 27.34	D	Â
Stock Options (Right to buy)	  (3)	11/18/2006	Common Stock	6,374	$ 36.71	D	Â
Stock Options (Right to buy)	  (4)	11/18/2006	Common Stock	9,388	$ 38.3438	D	Â
Stock Options (Right to buy)	  (5)	09/21/2011	Common Stock	9,189	$ 41.95	D	Â
Stock Options (Right to buy)	  (6)	09/21/2011	Common Stock	8,900	$ 42.9	D	Â
Stock Options (Right to buy)	  (7)	12/11/2013	Common Stock	60,000	$ 43.45	D	Â
Stock Options (Right to buy)	  (8)	07/30/2012	Common Stock	8,474	$ 48.39	D	Â
Stock Options (Right to buy)	  (9)	11/18/2007	Common Stock	29,248	$ 55.78	D	Â
Stock Options (Right to buy)	  (10)	12/21/2008	Common Stock	36,316	$ 61.23	D	Â
Stock Options (Right to buy)	  (11)	09/03/2009	Common Stock	16,279	$ 61.39	D	Â
Stock Options (Right to buy)	  (12)	12/20/2014	Common Stock	55,000	$ 61.55	D	Â
Stock Options (Right to buy)	  (13)	09/03/2009	Common Stock	19,252	$ 62.61	D	Â
Stock Options (Right to buy)	  (14)	10/03/2015	Common Stock	50,000	$ 65.24	D	Â
Stock Options (Right to buy)	  (15)	11/20/2010	Common Stock	39,075	$ 72.36	D	Â
Stock Options (Right to buy)	  (16)	07/30/2012	Common Stock	11,237	$ 72.99	D	Â
Stock Options (Right to buy)	  (16)	09/21/2011	Common Stock	10,563	$ 72.99	D	Â

Reporting Owners

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

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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