Fund Currently Managed

T Rowe Price Internatl Discovery Fund (PRIDX), since August 1998.

Investment Style Overview

Seeks rapidly-growing small and mid-cap companies around the world that can deliver sustainable high profits. Stays diversified among both developed and emerging markets. Generally holds about 150 securities.

Key Stock Selection Criteria

*Growing fast, with high earnings growth visibility.

*Strong management.

*Company can dominate niche market.

Key Sell Criteria

*Reaches price target.

*Fundamentals deteriorate.

Biographical Notes

Justin Thomson is a vice president and portfolio manager of T. Rowe Price International (London) covering European small-cap companies. He has been with the firm since 1998, and has a total of 11 years of investment experience. Prior to joining T. Rowe Price, he was a portfolio manager with G. T. Capital/LGT/Invesco. Thomson holds a M.A. (Hons.) in Economics from Cambridge University.