# EDGAR Filing Document

**Accession Number:** 0000918294
**File Stem:** 0001193125-23-039843
**Filing Date:** 2023-2
**Character Count:** 187507
**Document Hash:** 810a552f88fb0035aa34c790493369c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-039843.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001193125-23-039843

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**EFFECTIVENESS DATE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Equity Series, Inc.
- **CENTRAL INDEX KEY:** 0000918294
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07143
- **FILM NUMBER:** 23633857

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE EQUITY SERIES INC
- **DATE OF NAME CHANGE:** 19940131

## Series and Classes Contracts Data

### T. Rowe Price Equity Index 500 Portfolio (Series ID: S000002082)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000005447 | T. Rowe Price Equity Index 500 Portfolio | QAAGTX          |

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

# **FORM N-CSR**

# **CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act File Number: 811-07143

T. Rowe Price Equity Series, Inc.
(Exact name of registrant as specified in charter)

100 East Pratt Street, Baltimore, MD 21202
(Address of principal executive offices)

David Oestreicher
100 East Pratt Street, Baltimore, MD 21202
(Name and address of agent for service)

Registrant's telephone number, including area code: (410) 345-2000

Date of fiscal year end: December 31

Date of reporting period: December 31, 2022

# ---**Item 1. Reports to Shareholders**

# **(a) Report pursuant to Rule 30e-1**

T.RowePrice®

ANNUAL REPORT

December 31, 2022

T. ROWE PRICE

# Equity Index 500 Portfolio

For more insights from T. Rowe Price investment professionals,
go to troweprice.com.

INVEST WITH CONFIDENCE

Large-cap U.S. stocks plunged as Russia's assault on Ukraine, surging commodity prices, elevated inflation, and rising interest rates weighed heavily on the economy and the financial markets during the year. The Equity Index 500 Portfolio modestly lagged its benchmark, the S&P 500 Index, primarily due to expenses.

Most sectors in the S&P 500 Index produced negative returns in the last 12 months. Information technology and consumer discretionary stocks were some of our largest absolute detractors. Energy companies surged, while health care companies were mostly flat.

## Go Paperless

Sign up for e-delivery of your statements, confirmations, and prospectuses or shareholder reports.

### TO ENROLL:

If you invest directly with T. Rowe Price, go to **troweprice.com/paperless**.

If you invest through an investment advisor, a bank, or a brokerage firm, please contact that organization and ask if it can provide electronic documentation.

**It's fast**-receive your statements and confirmations faster than U.S. mail.

**It's convenient**-access your important account documents whenever you need them.

**It's secure**-we protect your online accounts using 'True Identity' to confirm new accounts and make verification faster and more secure.

**It can save you money**-where applicable, T. Rowe Price passes on the cost savings to fund holders.*

* Certain mutual fund accounts that are assessed an annual account service fee can also save money by switching to e-delivery.

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

Market Commentary

# **HIGHLIGHTS**

The portfolio offers broad exposure to different sectors of the U.S. stock market, and its sector allocations are consistent with those of the benchmark. As such, changes in the portfolio's sector diversification and other overall characteristics reflect changes in the composition of the S&P 500 Index.

Nearly all major global stock and bond indexes fell sharply in 2023, as well as the economy, corporate earnings, and interest rates are unpredictable, and investor demand toward the broad market and various market segments could change without warning. Our main task is not to determine which stocks or sectors may perform best in the period ahead but, rather, to replicate the structure of the S&P 500 Index and closely match its performance.

As the period came to an end, the economic backdrop appeared in the U.S. stock market, which is not to determine which stocks or sectors may perform best in the period ahead but, rather, to replicate the structure of the S&P 500 Index and closely match its performance.

Double-digit losses were common in equity markets around

Log in to your account at troweprice.com for more information.

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

Management's Discussion of Fund Performance

## Dear Investor

the world, and bond investors also faced a historically tough environment. While a sharp rise in finance rates, value shares declined but outperformed growth stocks by a considerable margin as equity investors turned risk averse and as rising rates put downward pressure on growth stock valuations.

Emerging markets stocks generally underperformed shares in

**FUND COMMENTARY** Meanwhile, the U.S. dollar strengthened

rising mortgage rates.

The past year has been a trying time for investors as few firm struggling to combat slowing growth and over-staffing as security remains unnotched. The trend backwards that markets faced and volatility may continue in the next term as security breaks tightens policy amid slowing economic growth. However, in our view, there continue to be opportunities for security investors focused on environmental valuations.

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

1

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# **INVESTMENT OBJECTIVE**

How did the fund perform in the past 12 months? The Equity Index 500 Portfolio, which tends to closely track its performance, is invested in International Securities. The Equity Index 500 Portfolio, returned 18.43% versus benchmark, offers broad exposure to different sectors of the WRA in the S&P 500 Index, the market size and the portfolio's performance. The S&P 500 Index, which is a key factor in the portfolio's performance, is a key factor in the portfolio's performance. The S&P 500 Index, which is a key factor in the portfolio's performance, is a key factor in the portfolio's performance.

marketing segment also lagged. Shares of Amazon.com fell

Energy companies were by far the top contributors in our most global equity markets have improved markedly, although portfolio, led by ExxonMobil and Chevron. Many large oil U.S. equities still appear relatively expensive by historical companies reported record profits during the first quarter of standards, while bond yields have reached some of the most 2022, as many countries decided to find alternatives to Russian attractive levels since the 2008 global financial crisis energy exports, resulting in higher oil, gasoline, and natural gas prices. Oil companies were modelled by the management of the Global Investment Portfolio and approximately 10 out of 12.

date of this report and are subject to change based on changes in market, economic, or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.

2

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

How is the fund positioned?

strategic and the other care/control of relatively well and satisfied

PORTFOLIO

The fund is designed to work in the context of the fund's performance, which is generally accurate in value and in value. The fund's performance is based on the performance of the fund's performance, which is generally accurate in value and in value. The fund's performance is based on the performance of the fund's performance, which is generally accurate in value and in value. The fund's performance is based on the performance of the fund's performance, which is generally accurate in value and in value.

The fund's performance is based on the performance of the fund's performance, which is generally accurate in value and in value.

The fund's performance is based on the performance of the fund's performance, which is generally accurate in value and in value. The fund's performance is based on the performance of the fund's performance, which is generally accurate in value and in value.

The views expressed reflect the opinions of T. Rowe Price as of the

3

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# RISKS OF INVESTING IN THE EQUITY INDEX 500

The equity index 500 is a general analysis of the U.S. stock market, which is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets

The equity index 500 is a general analysis of the U.S. stock market, which is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets, and is based on the U.S. financial markets

![img-2.jpeg](img-2.jpeg)

As of 12/31/22

| Equity Index 500 Portfolio | $31,392 |
| --- | --- |
| S&P 500 Index | 32,654 |

4

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# **GROWTH OF $10,000**

mutual fund and several other equity indexes entered "year market" at the end of 2021 had been reported. The company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share

# **FUND EXPENSE EXAMPLE**

period. Procter & Gamble
Percent of Net Assets
6/30/22 12/31/22 1.1
Actual Expenses
For a share outstanding throughout each period
The first time of the following table (Actual) provides information about actual actual expenses and actual expenses. You may use the information on this line, or write your account balance, to estimate the expenses that you can use the period. Simply divide your account value by $1,000.0 (for example, the amount of value divided by $1,000 = 8.6), then 0.7 (for example, the amount of value divided by $1,000 = 8.6).

# **NET ASSET VALUE**

| Beginning of period | $31.37 | $25.07 | $22.96 | $17.99 | $19.66 |
| --- | --- | --- | --- | --- | --- |
| Net investment activities | ▲ |  |  |  |  |
| Net investment income (1)(2) | 0.33 | 0.28 | 0.37 | 0.35 | 0.34 |

5

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

December 31, 2022

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Investments and Business Services | 7.8 | 8.7 |
| "Expenses Paid During Period" to estimate the expenses you paid on your | 6.9 | 7.9 |
| outstanding income |  |  |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |

NET ASSET VALUE[{"box_2d": [512, 93, 943, 231], "label": "table", "caption": "

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Industrials and Business Services | 7.8 | 8.7 |
| \"Expenses Paid During Period\" to estimate the expenses you paid on your | 6.9 | 7.9 |
| outstanding income |  |  |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |
| Total | 7.8 | 8.7 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |
| Other | 6.9 | 7.1 |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

| Other | 6.9 | 7.1 |
| --- | --- | --- |

|  | Shares/Par | $ Value |
| --- | --- | --- |

<table><thead><tr><td>Other</td><td>6.

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# EXAMPLE 6

The following table provides the information in a specific format:

Ratios to average net assets: (2)

Gross expenses before waivers/payments by Price Associates (3) 0.39%

example: (1) The theoretical examples that appear in the shareholder's case are: (1) The company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share

7

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| To the extent, a fund provides you with broad exposure to large-cap |
| --- |
| transfers and other financial instruments, and concerns that macro pressures |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |
| Notes and reports and to collect, trade, and other instruments |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |
| Notes and reports and to collect, trade, and other instruments |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

</table>

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

| Notes and reports and to collect, trade, and other instruments |
| --- |

</table>

| Notes and reports and to collect, trade, and other instruments |
| --- |

</table>

| Notes and reports and to collect, trade, and other instruments |
| --- |

</table><tr><td>Notes and reports and to collect, trade, and other instruments</td></tr></table></table><tr><td>Notes and reports and to collect, trade, and other instruments</td></tr></table></table></table></table>

(1) Per share amounts calculated using average shares outstanding method.

| relative total costs of owning different funds. To the extent a fund charges or transferable income, the total cost of owning that fund is higher 1.67% |  |  |
| --- | --- | --- |
| ENERGY 5.1% | Shares/Par | $ Value |
| MGM Resorts International | 231 | 8 |
| Energy Equipment & Services 0.4% | 303 | 4 |
| Retail Dealers & Gauges (1) | 15% | 21 |
| Banking | 10% | 20 |
| Other | 0.3% | Paid (Dollar) |
| Other | 1.61% | Amount |
| Yum Brands | Value | Value |
| HEALTH CARE 15.7% | Value | 7/1/22/1/20 |
|  | 16.1% | 12.0% |
| $29,530 | $22,667 | $22,419 |
|  |  | $17,850 |

8

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

The fund's performance information represents only past performance and
Close 2004. The fund's 2004. Course is a registered trademark of Dow
CONSUMER STAPLES 2004. The fund's performance data is presented in Table 1. The
fund's performance data is presented in Table 1. The fund's performance data is presented in Table 1.
The fund's performance data is presented in Table 1. The fund's performance data is presented in Table 1.
The fund's performance data is presented in Table 1. The fund's performance data is presented in Table 1.
The fund's performance data is presented in Table 1. The fund's performance data is presented in Table 1.

| Oil Gas & Consumable Fuels 2/14/22 | 12/31/22 | 12/31/22 |
| --- | --- | --- |
| Biochemicals |  |  |
| Alloy | $1,000.00 | $1,000.00 |
| Alloy | 1,207 | 1,207 |
| Alloy (Value in $000s) | 1,207 | 1,207 |
| Alloy (Minimum) | 1,207 | 1,207 |
| Alloy (Exempts International) | 1,207 | 1,207 |
| Alloy (Exempts International) each portion assuming 1,000 percent of all | 1,207 | 1,207 |
| Alloy (Exempts) (1) | 1,207 | 1,207 |
| Alloy (Exempts) (2) | 1,207 | 1,207 |
| Alloy (Exempts) (3) | 1,207 | 1,207 |
| Alloy (Exempts) (4) | 1,207 | 1,207 |
| Alloy (Exempts) (5) | 1,207 | 1,207 |
| Alloy (Exempts) (6) | 1,207 | 1,207 |
| Alloy (Exempts) (7) | 1,207 | 1,207 |
| Alloy (Exempts) (8) | 1,207 | 1,207 |
| Alloy (Exempts) (9) | 1,207 | 1,207 |
| Alloy (Exempts) (10) | 1,207 | 1,207 |
| Alloy (Exempts) (11) | 1,207 | 1,207 |
| Alloy (Exempts) (12) | 1,207 | 1,207 |
| Alloy (Exempts) (13) | 1,207 | 1,207 |
| Alloy (Exempts) (14) | 1,207 | 1,207 |
| Alloy (Exempts) (15) | 1,207 | 1,207 |
| Alloy (Exempts) (16) | 1,207 | 1,207 |
| Alloy (Exempts) (17) | 1,207 | 1,207 |
| Alloy (Exempts) (18) | 1,207 | 1,207 |
| Alloy (Exempts) (19) | 1,207 | 1,207 |
| Alloy (Exempts) (20) | 1,207 | 1,207 |
| Alloy (Exempts) (21) | 1,207 | 1,207 |
| Alloy (Exempts) (22) | 1,207 | 1,207 |
| Alloy (Exempts) (23) | 1,207 | 1,207 |
| Alloy (Exempts) (24) | 1,207 | 1,207 |
| Alloy (Exempts) (25) | 1,207 | 1,207 |
| Alloy (Exempts) (26) | 1,207 | 1,207 |
| Alloy (Exempts) (27) | 1,207 | 1,207 |
| Alloy (Exempts) (28) | 1,207 | 1,207 |
| Alloy (Exempts) (29) | 1,207 | 1,207 |
| Alloy (Exempts) (30) | 1,207 | 1,207 |
| Alloy (Exempts) (31) | 1,207 | 1,207 |
| Alloy (Exempts) (32) | 1,207 | 1,207 |
| Alloy (Exempts) (33) | 1,207 | 1,207 |
| Alloy (Exempts) (34) | 1,207 | 1,207 |
| Alloy (Exempts) (35) | 1,207 | 1,207 |
| Alloy (Exempts) (36) | 1,207 | 1,207 |
| Alloy (Exempts) (37) | 1,207 | 1,207 |
| Alloy (Exempts) (38) | 1,207 | 1,207 |
| Alloy (Exempts) (39) | 1,207 | 1,207 |
| Alloy (Exempts) (40) | 1,207 | 1,207 |
| Alloy (Exempts) (41) | 1,207 | 1,207 |
| Alloy (Exempts) (42) | 1,207 | 1,207 |
| Alloy (Exempts) (43) | 1,207 | 1,207 |
| Alloy (Exempts) (44) | 1,207 | 1,207 |
| Alloy (Exempts) (45) | 1,207 | 1,207 |
| Alloy (Exempts) (46) | 1,207 | 1,207 |
| Alloy (Exempts) (47) | 1,207 | 1,207 |
| Alloy (Exempts) (48) | 1,207 | 1,207 |
| Alloy (Exempts) (49) | 1,207 | 1,207 |
| Alloy (Exempts) (50) | 1,207 | 1,207 |

9

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| DISH Network, Class A (1) | 181 | 3 |
| --- | --- | --- |
| Data (2) shows how the portfolio would have performed each year (3) | 188 | 3 |
| Data (3) shows how the portfolio would have been performed each year (4) | 188 | 3 |
| Data (4) shows how the portfolio would have been performed each year (5) | 188 | 3 |
| Data (5) shows how the portfolio would have been performed each year (6) | 188 | 3 |
| Data (6) shows how the portfolio would have been performed each year (7) | 188 | 3 |
| Data (7) shows how the portfolio would have been performed each year (8) | 188 | 3 |
| Data (8) shows how the portfolio would have been performed each year (9) | 188 | 3 |
| Data (9) shows how the portfolio would have been performed each year (10) | 188 | 3 |
| Data (10) shows how the portfolio would have been performed each year (11) | 188 | 3 |
| Data (11) shows how the portfolio would have been performed each year (12) | 188 | 3 |
| Data (12) shows how the portfolio would have been performed each year (13) | 188 | 3 |
| Data (13) shows how the portfolio would have been performed each year (14) | 188 | 3 |
| Data (14) shows how the portfolio would have been performed each year (15) | 188 | 3 |
| Data (15) shows how the portfolio would have been performed each year (16) | 188 | 3 |
| Data (16) shows how the portfolio would have been performed each year (17) | 188 | 3 |
| Data (17) shows how the portfolio would have been performed each year (18) | 188 | 3 |
| Data (18) shows how the portfolio would have been performed each year (19) | 188 | 3 |
| Data (19) shows how the portfolio would have been performed each year (20) | 188 | 3 |
| Data (20) shows how the portfolio would have been performed each year (21) | 188 | 3 |
| Data (21) shows how the portfolio would have been performed each year (22) | 188 | 3 |
| Data (22) shows how the portfolio would have been performed each year (23) | 188 | 3 |
| Data (23) shows how the portfolio would have been performed each year (24) | 188 | 3 |
| Data (24) shows how the portfolio would have been performed each year (25) | 188 | 3 |
| Data (25) shows how the portfolio would have been performed each year (26) | 188 | 3 |
| Data (26) shows how the portfolio would have been performed each year (27) | 188 | 3 |
| Data (27) shows how the portfolio would have been performed each year (28) | 188 | 3 |
| Data (28) shows how the portfolio would have been performed each year (29) | 188 | 3 |
| Data (29) shows how the portfolio would have been performed each year (30) | 188 | 3 |
| Data (30) shows how the portfolio would have been performed each year (31) | 188 | 3 |
| Data (31) shows how the portfolio would have been performed each year (32) | 188 | 3 |
| Data (32) shows how the portfolio would have been performed each year (33) | 188 | 3 |
| Data (33) shows how the portfolio would have been performed each year (34) | 188 | 3 |
| Data (34) shows how the portfolio would have been performed each year (35) | 188 | 3 |
| Data (35) shows how the portfolio would have been performed each year (36) | 188 | 3 |
| Data (36) shows how the portfolio would have been performed each year (37) | 188 | 3 |
| Data (37) shows how the portfolio would have been performed each year (38) | 188 | 3 |
| Data (38) shows how the portfolio would have been performed each year (39) | 188 | 3 |
| Data (39) shows how the portfolio would have been performed each year (40) | 188 | 3 |

[{"box_2d": [528, 97, 948, 219], "label": "table", "caption": "

| 6-month period (0.39%), multiplied by the average account value over |  |  |
| --- | --- | --- |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |
| Commercial Services & | 1,000 | 1 |
| Commercial Services & | 1,000 | 1 |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |
| Commercial Services & | 1,000 | 1 |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |
| Commercial Services & | 1,000 | 1 |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |
| Commercial Services & | 1,000 | 1 |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

| Commercial Services & | 1,000 | 1 |
| --- | --- | --- |

<table><tr><td>Commercial Services &amp;</td><td>1,000</td

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| Old Dominion Freight Line | 1,056 | 140 |
| --- | --- | --- |
| Wired & Recommunication | 1,000 | 100 |
| Services | Shares/Par | $ Value |
| Services | 1,528 | 110 |
| Cost of Service | 130 | 0 |
| Cost of Service | 240 | 67 |
| Cost of Service | 3,172 | 247 |
| Cost of Service | 1,561 | 132 |
| Cost of Service | 4,181 | 1,292 |
| Cost of Service | 1,588 | 1,288 |
| Cost of Service | 1,588 | 1,288 |
| Cost of Service | 1,588 | 1,288 |
| Cost of Service | 1,588 | 1,288 |
| Cost of Service | 1,588 | 1,288 |
| Cost of Service | 1,588 | 1,288 |

| Construction & Engineering 0.1% | 343 | 36 |
| --- | --- | --- |
| Construction & Engineering 0.0% | 1,000 | 100 |
| Construction & Engineering 0.0% | Shares/Par | $ Value |
| Construction & Engineering 0.6% | 1,000 | 10 |
| Construction & Engineering 0.6% | 2,000 | 20 |
| Construction & Engineering 0.5% | 1,000 | 20 |
| Construction & Engineering 0.5% | 1,000 | 1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1 |
| Construction & Engineering 0.6% | 1,000 | 10 |
| Construction & Engineering 0.6% | 1,000 | 10 |
| Construction & Engineering 0.5% | 1,000 | 10 |
| Construction & Engineering 0.5% | 1,000 | 10 |

11

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| Hornell Foods | 208 | 140 |
| --- | --- | --- |
| Directors Financial Services 1.7% | 1 | 1 |
| Professionals & Business Services | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |
| International (1) | 1 | 1 |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |
| Balance 2.0% | 2.0% | 5.0% |
| Balance 2.0% | 2.0% | 5.0% |
| Balance 2.0% | 2.0% | 5.0% |
| Balance 2.0% | 2.0% | 5.0% |
| Balance 2.0% | 2.0% | 5.0% |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |
| Balance 2.0% | 2.0% | 5.0% |
| Balance 2.0% | 2.0% | 5.0% |
| Balance 2.0% | 2.0% | 5.0% |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |
| Balance 2.0% | 2.0% | 5.0% |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |
| Balance 2.0% | 2.0% | 5.0% |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table>

| Balance 2.0% | 2.0% | 5.0% |
| --- | --- | --- |

</table></table><tr><td>Balance 2.0%</td><td>2.0%</td><td>5.0%</td></tr></table></table></table><tr><td>Balance 2.0%</td><td>2.0%</td><td>5.0%</td></tr></table></table></table><tr><td>Balance 2.0%</td><td>2.0%</td><td>5.0%</td></tr></table></table></table><tr><td>Balance 2.0%</td><td>2.0%</td><td>5.0%</td></tr></table></table></table><tr><td>Balance 2.0%</td><td>2.0%</td><td>5.0%</td></tr></table></table>

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

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![img-56.jpeg](img-56.jpeg)

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| ES (1) | 1.67 | 2.6 | Wastewater REIT | 2.958 | 2.94 |
| --- | --- | --- | --- | --- | --- |
| Standard Wastes | 1.66 | 2.6 | Machinery 1.8% | 0.62 | 1.00 |
| Non-Standard Products 1.6% | 2.67 | 4.1 | O.S. Treasury Obligations 0.2% | 1.00 | 0.00 |
| Standard Equipment | 2.66 | 4.1 |  |  |  |
| Non-Standard Equipment (not 37,339) | 1.66 | 23,278 | Standard Equipment Services Group | 2.93 | 2.9 |
| Electrical Equipment Instruments | 0.66 | 4.0 | General Equipment | 40,000 | 3.0 |
| Equipment 0.6% | 0.66 | 4.0 | Equipment, Class A (1) | 1.00 | 1.00 |
| EQUITY MUTUAL FUNDS 0.1% | 2.66 | 6.0 | Operating Bank | 1.00 | 1.00 |
| Operating Expenses | 1.66 | 2.6 | Operating Bank | 1.00 | Value and |
| Operating & Packaging 0.3% | 1.00 | 2.6 | Operating & Engineering | 1.00 | Unrealized |
| Interest and S&P 500 ETF | 1.00 | 2.6 | Operating & Engineering | 1.00 | Gain (2.6%) |
|  |  |  | Corporate Health | Amount |  |

13

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO[{"box_2d": [69, 101, 942, 212], "label": "table", "caption": "

| United States of America | 1,000 | 18 | Caribbean Design Systems (1) | 193 | 198 | 32 |
| --- | --- | --- | --- | --- | --- | --- |
| United States of America (Cost $25) | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| United States of America margin to date | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| United States of America Class A | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| United States of America (payable) on open futures contracts | 100 | 20 | United States of America Holdings | 2,000 | 20 | 20 |
| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |
| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |
| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

| United States of America | 100 | 20 | United States of America | 2,000 | 20 | 20 |
| --- | --- | --- | --- | --- | --- | --- |

<table><tr><td>United States of America</td><td>100</td><td>20</td><td>United States of America</td><td>2,000

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

December 31, 2022

| considered affiliated companies for all or some portion of the year ended December 31, 2022. Net realized gain (loss), investment income, change in net | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- | --- |
| Associated Companies | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Associated Data Processing | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Associated Data Processing | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Associated Data Processing | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Associated Data Processing | 1,000 | 1,000 |  |  |  |
| Associated Data Processing | 1,000 | 1,000 |  |  |  |
| Associated Data Processing | 1,000 | 1,000 |  |  |  |
| Associated Data Processing | 1,000 | 1,000 |  |  |  |
| Associated Data Processing | 1,000 | 1,000 |  |  |  |
| Associated Data Processing | 1,000 |  |  |  |  |
| Associated Data Processing | 1,000 |  |  |  |  |
| Associated Data Processing | 1,000 |  |  |  |  |
| Associated Data Processing | 1,000 |  |  |  |  |
| Associated Data Processing | 1,000 |  |  |  |  |
| Associated Data Processing | 1,000 |  |  |  |  |
| Associated Data Processing | 1,000 |  |  |  |  |

**Liabilities**

- Investment management and administrative fees payable
- Variation margin payable on futures contracts
- Total liabilities

21
1
22

15

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| 1. REIT/Asset Information Services | 430 | 49 | Apple | 10,829 | 1,407 |
| --- | --- | --- | --- | --- | --- |
| 2. STATEMENT OF OPERATIONS | 460 | 46 | Deposits Holdings | 100 | 10 |
| 3. Property and Investment Schedule | 57 | 19 | Deposits Fair and Enterprise | 100 | 42 |
| 4. Theft & Technologies (1) | 57 | 19 | Deposits Half International | 100 | 19 |
| 5. Real Estate Equities, REIT | 168 | 18 | Real Estate | 500 | 19 |
| 6. Real Estate Equity | 168 | 18 | Real Estate | 5,000 | Value |
| 7. Real Estate Equity | 168 | 18 | NetApp | 12/31/21 | Cost |
| 8. Real Estate Equity | 168 | 18 | Seagate Technology Holdings | 1 | 12/31/21 |
| 9. Real Estate Equity | 168 | 18 | Cash Inflows 0.15% | 2 | $ |
| 10. Real Estate Equity | 168 | 18 | Western Digital | 25 | $ |
| 11. Real Estate Equity | 168 | 9 | Atmos Energy | 25 | 23,500 |
| 12. Real Estate Equity | 168 | 9 | Atmos Energy | 102 | 12/31/21 |
| 13. Real Estate Equity | 168 | 214 | Total Information Technology |  | $1780 |
| 14. Real Estate Equity | 168 | 214 |  |  | 5,055 |
| 15. Real Estate Equity | 168 | 214 |  |  | 15,508 |
| Paid-in capital applicable to 935,893 shares of $0.0001 par value capital stock outstanding; 1,000,000,000 shares of the Corporation authorized Investment management and administrative expense |  |  |  |  |  |
| NET ASSETS Paid by Price Associates |  |  |  |  |  |
| $23,508(3) |  |  |  |  |  |

The accompanying notes are an integral part of these financial statements.

16

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) 2041 (1) 2042 (1) 2043 (1) 2044 (1) 2045 (1) 2046 (1) 2047 (1) 2048 (1) 2049 (1) 2050 (1) 2051 (1) 2052 (1) 2053 (1) 2054 (1) 2055 (1) 2056 (1) 2057 (1) 2058 (1) 2059 (1) 2060 (1) 2061 (1) 2062 (1) 2063 (1) 2064 (1) 2065 (1) 2066 (1) 2067 (1) 2068 (1) 2069 (1) 2070 (1) 2071 (1) 2072 (1) 2073 (1) 2074 (1) 2075 (1) 2076 (1) 2077 (1) 2078 (1) 2079 (1) 2080 (1) 2081 (1) 2082 (1) 2083 (1) 2084 (1) 2085 (1) 2086 (1) 2087 (1) 2088 (1) 2089 (1) 2090 (1) 2091 (1) 2092 (1) 2093 (1) 2094 (1) 2095 (1) 2096 (1) 2097 (1) 2098 (1) 2099 (1) 2100 (1) |  | Independent Power & Renewable Assets (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) 2041 (1) 2042 (1) 2043 (1) 2044 (1) 2045 (1) 2046 (1) 2047 (1) 2048 (1) 2049 (1) 2050 (1) 2051 (1) 2052 (1) 2053 (1) 2054 (1) 2055 (1) 2056 (1) 2057 (1) 2058 (1) 2059 (1) 2060 (1) 2061 (1) 2062 (1) 2063 (1) 2064 (1) 2065 (1) 2066 (1) 2067 (1) 2068 (1) 2069 (1) 2070 (1) 2071 (1) 2072 (1) 2073 (1) 2074 (1) 2075 (1) 2076 (1) 2077 (1) 2078 (1) 2079 (1) 2080 (1) 2081 (1) 2082 (1) 2083 (1) 2084 (1) 2085 (1) 2086 (1) 2087 (1) 2088 (1) 2089 (1) 2090 (1) 2091 (1) 2092 (1) 2093 (1) 2094 (1) 2095 (1) 2096 (1) 2097 (1) 2098 (1) 2099 (1) 2100 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) 2041 (1) 2042 (1) 2043 (1) 2044 (1) 2045 (1) 2046 (1) 2047 (1) 2048 (1) 2049 (1) 2050 (1) 2051 (1) 2052 (1) 2053 (1) 2054 (1) 2055 (1) 2056 (1) 2057 (1) 2058 (1) 2059 (1) 2060 (1) 2061 (1) 2062 (1) 2063 (1) 2064 (1) 2065 (1) 2066 (1) 2067 (1) 2068 (1) 2069 (1) 2070 (1) 2071 (1) 2072 (1) 2073 (1) 2074 (1) 2075 (1) 2076 (1) 2077 (1) 2078 (1) 2079 (1) 2080 (1) 2081 (1) 2082 (1) 2083 (1) 2084 (1) 2085 (1) 2086 (1) 2087 (1) 2088 (1) 2089 (1) 2090 (1) 2091 (1) 2092 (1) 2093 (1) 2094 (1) 2095 (1) 2096 (1) 2097 (1) 2098 (1) 2099 (1) 2100 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) 2041 (1) 2042 (1) 2043 (1) 2044 (1) 2045 (1) 2046 (1) 2047 (1) 2048 (1) 2049 (1) 2050 (1) 2051 (1) 2052 (1) 2053 (1) 2054 (1) 2055 (1) 2056 (1) 2057 (1) 2058 (1) 2059 (1) 2060 (1) 2061 (1) 2062 (1) 2063 (1) 2064 (1) 2065 (1) 2066 (1) 2067 (1) 2068 (1) 2069 (1) 2070 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) 2041 (1) 2042 (1) 2043 (1) 2044 (1) 2045 (1) 2046 (1) 2047 (1) 2048 (1) 2049 (1) 2050 (1) 2051 (1) 2052 (1) 2053 (1) 2054 (1) 2055 (1) 2056 (1) 2057 (1) 2058 (1) 2059 (1) 2060 (1) 2061 (1) 2062 (1) 2063 (1) 2064 (1) 2065 (1) 2066 (1) 2067 (1) 2068 (1) 2069 (1) 2070 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) 2041 (1) 2042 (1) 2043 (1) 2044 (1) 2045 (1) 2046 (1) 2047 (1) 2048 (1) 2049 (1) 2050 (1) 2051 (1) 2052 (1) 2053 (1) 2054 (1) 2055 (1) 2056 (1) 2057 (1) 2058 (1) 2059 (1) 2060 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) 2041 (1) 2042 (1) 2043 (1) 2044 (1) 2045 (1) 2046 (1) 2047 (1) 2048 (1) 2049 (1) 2050 (1) 2051 (1) 2052 (1) 2053 (1) 2054 (1) 2055 (1) 2056 (1) 2057 (1) 2058 (1) 2059 (1) 2060 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) 2031 (1) 2032 (1) 2033 (1) 2034 (1) 2035 (1) 2036 (1) 2037 (1) 2038 (1) 2039 (1) 2040 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) | Total (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1) 2023 (1) 2024 (1) 2025 (1) 2026 (1) 2027 (1) 2028 (1) 2029 (1) 2030 (1) |  |  |  |  |  |

The accompanying notes are an integral part of these financial statements.

17

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

| Consolidated Edison | 512 | 8 | Consolidated Edison | 256 | 24 |
| --- | --- | --- | --- | --- | --- |
| Dominion Energy | 418 | 12 | Dominion Energy | 604 | 37 |
| Iron Mountain, REIT | 209 | 10 | DTE Energy | 141 | 17 |
| KRC Interim, REIT | 452 | 10 | NiSource | 294 | 8 |
|  |  |  | Public Service Enterprise Group | 361 | 22 |

Change in net unrealized gain / loss

Net earnings 500 Portfolio (the fund) is an open-end management investment company established by the corporation and intends to be 2,768 (6,268) and diversified in approximately the same proportion as the index it tracks is diversified. The fund may become nondiversified for periods (8) and the share of the capital is not a result of changes in the composition of the index (for example, changes in the relative market capitalization or index of the capital is not a result of changes in the composition of the index (for example, changes in the relative market capitalization or index of the capital is not a result of changes in the composition of the index (for example, changes in the relative market capitalization or index of the capital is not a result of changes in the composition of the index (for example, changes in the relative market capitalization or index of the capital is not a result of changes in the composition of the index (for example, changes in the relative market capitalization or index of the capital is not a result of

Distributions reinvested

DECREASE IN NET ASSETS FROM OPERATIONS

Shares of the fund are currently offered only to insurance companies. Separate accounts established for the purpose of funding variable annuity contracts and variable life insurance policies.

The accompanying notes are an integral part of these financial statements.

18

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

Increase in Net Assets (net assets) in the total (total) and (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total) (total)

Net Assets is performed by its Valuation Committee. The Valuation Designee provides periodic reporting to the Board on valuation matters.

Increase (decrease) during period (6,022) 6,863
Beginning of period (6,022) 6,863
End of period (6,022) 6,863

End of period (6,022) 6,863

Standards Board (FASB) Accounting Standards Codification Topic 946 (ASC 946). The accompanying financial statements were
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information (0.00%)
*Share information

19

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

performing fair value determinations: assesses and manages valuation risks; establishes and applies fair value methodologies; tests fair

Level 2 - inputs other than Level 1 quoted prices that are observable, either directly or indirectly (including, but not limited to, quoted prices) are not available at the fair value level. Values are based on the fair value level of the fair value level. Values are based on the fair value level of the fair value level. Values are based on the fair value level of the fair value level. Values are based on the fair value level of the fair value level. Values are based on the fair value level of the fair value level. Values are based on the fair value level of the fair value level. Values are based on the fair value level of the fair value level. Values are based on the fair value level of the fair value level.

Level 3 - unobservable inputs (including the Valuation Designee's assumptions in determining fair value) are accounted for on the trade date basis. Investment Transactions, Investment Income, and Distributions are accounted for on the trade date basis. Investment Transactions are accounted for on the trade date basis. Investment Transactions are accounted for on the trade date basis. Investment Transactions are accounted for on the trade date basis. Investment Transactions are accounted for on the trade date basis. Investment Transactions are accounted for on the trade date basis. Investment Transactions are accounted for on the trade date basis. Investment Transactions are accounted for on the trade date basis.

20

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

Valuation Inputs The following table summarizes the fund's financial instruments, based on the inputs used to determine their fair

market data are not available and are developed using the best information available about the assumptions that market participants

Short-term investments 100 40 200

The accompanying notes are an integral part of these financial statements.

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

The following notes are an integral part of these financial statements:

21

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

Additionally, the amount of gains and losses on derivative instruments recognized in fund earnings during the year ended

Equity derivatives over-the-counter (OTC) market are valued at the last quoted sale price or for certain markets, the official closing price at the time the are administered by a lending agent in accordance with a securities lending agreement. Security loans generally do not have stated (39) the value of the loan is not to be paid at the time of the sale. The fund reserves collateral in the form of cash or U.S. government (39) securities. Collateral is maintained over the life of the loan in an amount not less than the value of loaned securities, any additional restricted securities. The NOSE and the other other may be permitted by the SEC Purchasing and and related to the Company's share of the collateral required due to changes in security values is delivered to the fund the next business day. Cash collateral is invested in the Company's share after receipt of the transaction, order by T. Rowe Price Associates, Inc., or its agents. NOTE: The Company's share of the loan is not to be paid at the time of the sale. The Company's share of the loan is not to be paid at the time of the sale. The Company's share of the loan is not to be paid at the time of the sale. The Company's share of the loan is not to be paid at the time of the sale. The Company's share of the loan is not to be paid at the time of the sale. The Company's share of the loan is not to be paid at the time of the sale.

22

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

Securities Lending The fund may lend its securities to approved borrowers to earn additional income. Its securities lending activities

factors such as but not limited to the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices
investments, which are also and the land and property of the property. Securities lending is not a result of the amount of the assets, or
quoted by dealers who make markets in such securities.
Other and borrowings, fees, net of any interest in the bond or its operations, net of lending. The fund's assets and derivatives' interest (R)
is not considered in measuring fair value. The amendments under this ASU are effective for fiscal years beginning after December 15,
including the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount

however, the risk of material loss is currently considered to be remote.

23

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

At December 31, 2022, the tax-basis components of accumulated net earnings (loss) were as follows:

from the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, the valuation of the tax-based assets, and

NOTE: The tax-based assets are not included in the current year's tax, which is not included in the current year's tax. The tax-based assets are not included in the current year's tax, which is not included in the current year's tax. The tax-based assets are not included in the current year's tax, which is not included in the current year's tax. The tax-based assets are not included in the current year's tax, which is not included in the current year's tax. The tax-based assets are not included in the current year's tax, which is not included in the current year's tax.

valuation designee (Valuation Designee). Subject to oversight by the Board, the Valuation Designee performs the following functions in

24

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

Since 2020, a novel strain of coronavirus (COVID-19) has resulted in disruptions to global business activity and caused significant

**NOTE** **RELEASED PART 1: TRANSACTIONS** are reviewed to all the parties. The party's party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party party

25

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# **Report of Independent Registered Public Accounting Firm**

financial instrument, and other contract terms. Payments are made or received by the fund each day to settle daily fluctuations in the
amount of the fund's average daily net assets. Thereafter, this agreement automatically reports for one-year terms unless terminated
by the contract (Valuation margin), which reflect changes in the value of the underlying financial instrument. Valuation margin 5
was assigned to the fund's stock. This amount was executed until the adjustment and the adjustment is completed. The fund's
value was calculated as the amount of the fund's stock. This amount was executed until the adjustment and the adjustment is completed. The fund's
value was calculated as the amount of the fund's stock. This amount was executed until the adjustment and the adjustment is completed. The fund's
value was calculated as the amount of the fund's stock. This amount was executed until the adjustment and the adjustment is completed. The fund's
value was calculated as the amount of the fund's stock. This amount was executed until the adjustment and the adjustment is completed. The fund's
value was calculated as the amount of the fund's stock. This amount was executed until the adjustment and the adjustment is completed.

26

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# TAX INFORMATION (UNAUDITED) FOR THE TAX YEAR ENDED 12/31/22

NOTE: All other investment transactions, including the following described items, are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions of the Treasury Department of the Treasury, which are subject to the terms and conditions

27

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# **LIQUIDITY RISK MANAGEMENT PROGRAM**

We plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, e.g., a lower price fund. The adviser has delegated oversight of the Liquidity Program to a Liquidity Risk Corporation (LRC) which is a cross-country, a public, and a private. The LRC is involved in the LRC's research and development. We also have a wide variety of matters affecting or potentially affecting the LRC's performance. The LRC is involved in the LRC's research and development. We also have a wide variety of matters affecting or potentially affecting the LRC's performance. The LRC is involved in the LRC's research and development. We also have a wide variety of matters affecting or potentially affecting the LRC's performance. The LRC is involved in the LRC's research and development. We also have a wide variety of matters affecting or potentially affecting the LRC's performance.

INFORMATION OF PROXY VOTING POLICIES PROCEDURES AND RECORDS
The LRC is a limited, non-remittable, and non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable, non-remittable

28

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# ABOUT THE PORTFOLIO'S DIRECTORS AND OFFICERS

Price Associates
We believe that our auditors have not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable
Name (Title) of the firm of our liquidity categories based on estimations of the investment's ability to be sold during designated time frames in
the event of the firm.
We have a large number of questions, without significantly changing the investment's market value.
T. Rowe Price Portfolios (T. Rowe Price Portfolios) Principal Occupation(s) and Director/Sales of Public Companies and Other Investment Companies During the
NORTHERN NORTHERN PARTNERS
T. Rowe Price Portfolios (T. Rowe Price Portfolios) is a firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of

29

T. ROWE PRICE EQUITY INDEX 500 PORTFOLIO

# OFFICERS

Armstrong, D. and C. H. (1990) presents during normal and reasonably foreclosed to national offices and New York. The New York and Pennsylvania is not a national office. President, the United Nations, University of California, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and the United States, and

# T.RowePrice®

100 East Pratt Street
Baltimore, MD 21202

Call 1-800-225-5132 to request a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

202302-2582488

E308-050 2/23

30

# Item 1. (b) Notice pursuant to Rule 30e-3.

Not applicable.

# Item 2. Code of Ethics.

The registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. A copy of this code of ethics is filed as an exhibit to this Form N-CSR. No substantive amendments were approved or waivers were granted to this code of ethics during the period covered by this report.

# Item 3. Audit Committee Financial Expert.

The registrant's Principal Directors has determined that Mr. Trevor Price, the manager of the Company, has been a member of the Company's Group of Directors. The Company is considered a member of the Company's Group of Directors. The Company is considered a member of the Company's Group of Directors.

The Company is considered a member of the Company's Group of Directors. The Company is considered a member of the Company's Group of Directors.

(a) - (d) As a result of the following: (1) The Company is considered a member of the Company's Group of Directors.

| Audit Fees | $21,734 | $21,172 | Excess and remaining Cents (and 2020 to present); Executive |
| --- | --- | --- | --- |
| 2021-2022 |  |  |  |
| Tax Fees | Vice President and Chief Legal Officer, Huntington, Ingalls Industries, Inc. (January 2015 to March 2020); Director, |  |  |
| All Other Fees | Lincoln Electric Company (October 2020 to present) |  |  |

Audit fees include amounts related to the audit of the registrant's annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings. Audit-related fees include amounts reasonably related to the performance of the audit of the registrant's financial statements and specifically include the issuance of a report on internal controls and, if applicable, agreed-upon procedures related to fund acquisitions. Tax fees include amounts related to services for tax compliance, tax planning, and tax advice. The nature of these services specifically includes the review of distribution calculations and the preparation of Federal, state, and excise tax returns. All other fees include the registrant's pro-rata share of amounts for agreed-upon procedures in conjunction with service contract approvals by the registrant's Board of Directors/Trustees.

(e)(1) The registrant's audit committee has adopted a policy whereby audit and non-audit services performed by the registrant's principal accountant for the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant require pre-approval in advance at regularly scheduled audit committee meetings. If such a service is required between regularly scheduled audit committee meetings, pre-approval may be authorized by one audit committee member with ratification at the next scheduled audit committee meeting. Waiver of pre-approval for audit or non-audit services requiring fees of a de minimis amount is not permitted.

(2) No services included in (b) - (d) above were approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

T. Rowe Price Investment Services, Inc.

(f) Less than 50 percent of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.

(g) The aggregate fees billed for the most recent fiscal year and the preceding fiscal year by the registrant's principal accountant for non-audit services rendered to the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant were $2,037,000 and $3,732,000, respectively.

(h) All non-audit services rendered in (g) above were pre-approved by the registrant's audit committee. Accordingly, these services were considered by the registrant's audit committee in maintaining the principal accountant's independence.

#### **Item 5. Audit Committee of Listed Registrants.**

Not applicable

See President, Oppenheimer Funds, Inc. (to 2019)
"All information about the independent directors was current as of December 31, 2021, unless otherwise indicated, except for the number of portfolios."
Stephen Jackson, CFA (1962) Vice President, T. Rowe Price

**Item 6. Investment Watch is current as of the date of this report.**

Effective April 27, 2022, Mr. Daniels resigned from his role as an independent director of the Price Funds.

(a) Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.

Effective November 8, 2022, Ms. Walker was appointed as an independent director of the Price Funds.

(b) Not applicable.

#### **INTERESTED DIRECTORS (a)**

Paul J. King, CPA (1964) Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price

**Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Name (Year of Birth)

Not applicable.

#### **Item 8. Portfolio Managers of Closed-End Management Investment Companies.**

Not applicable.

#### **Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.**

Not applicable.

#### **Item 10. Submission of Matters to a Vote of Security Holders.**

There has been no change to the procedures by which shareholders may recommend nominees to the registrant's board of directors.

#### **Item 11. Controls and Procedures.**

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(b) The registrant's principal executive officer and principal financial officer are aware of no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable.

**Item 13. Exhibits.**

(a) The registrant's code of ethics pursuant to Item 2 of Form N-CSR is attached.

(1)

(2) Separate certifications by the registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) and the Federal Trade Commission's Code of Federal Trade, 1965, and 1970, and the Federal Trade Commission's Code of Federal Trade, 1970, and 1975.

| Title | Principal Occupation(s) and Director(s) of Public Companies and Other Investment Companies During the Past Five Years | Part of the Company |
| --- | --- | --- |
| (3) Written certification to make these securities issued by closed-end companies; not applicable. | Director, Vice President, and Secretary, T. Rowe Price, T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services, Inc., T. Rowe Price Investment Services | First Company |
| (b) A new name by the registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) and the Federal Trade Commission's Code of Federal Trade, 1965, and 1970, and the Federal Trade Commission's Code of Federal Trade, 1970, and 1975. | Management, Inc. (Price Investment Management); Vice President and Secretary, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); Vice President, T. Rowe Price International (Price International); | First Company |
| Fran M. Pollack-Matz (1961) | Vice President and Secretary | T. Rowe Price Singapore (Price Singapore); General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore; General Counsel, Vice President and Secretary, T. Rowe Price Singapore |
| Shannon H. Rauser (1987) | Executive Officer and Executive Vice President, all funds | Assistant Vice President, T. Rowe Price |

# SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

T. Rowe Price Equity Series, Inc.

By /s/ David Oestreicher
David Oestreicher
Principal Executive Officer

Date February 10, 2023

Assistant Secretary
Robert W. Sharps, CFA, CPA(1)
Charles M. Shriver, CFA (1967)
Director and Vice President, T. Rowe Price; Director, Price Investment Management; Chief Executive Officer and President, T. Rowe Price Group, Inc., Price International, and T. Rowe Price Trust Company

By /s/ David Oestreicher
David Oestreicher
Director and Vice President, T. Rowe Price; Director, Price Investment Management; Chief Executive Officer and President, T. Rowe Price Group, Inc., Price International, and T. Rowe Price Trust Company

By /s/ David Oestreicher
David Oestreicher
Director and Vice President, T. Rowe Price; Director, Price Investment Management; Chief Executive Officer and President, T. Rowe Price Group, Inc., Price International, and T. Rowe Price Trust Company

Date February 10, 2023

By /s/ Alan S. Dupski
Alan S. Dupski
Principal Financial Officer

Date February 10, 2023

Effective February 3, 2022. Mr. Sharps resigned from his role as an interested director of the Price Funds.

John F. Wakeman (1962)

Vice President

Megan Warren (1968)

Vice President

Justin P. White (1981)

Vice President, Price Investment Management and T. Rowe Price Group, Inc.

OFAC Sanctions Compliance Officer and Vice President, Price Investment Management; Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price Retirement Plan Services, Inc., T. Rowe Price Services, Inc., and T. Rowe Price Trust Company

Vice President, T. Rowe Price and T. Rowe Price Group, Inc.

Executive Vice President

Unless otherwise noted, officers have been employees of T. Rowe Price or Price International for at least 5 years.

## Ex-99.Cert

**Item 13. (a)(2)** 

**<u>CERTIFICATIONS</u>**

I, David Oestreicher, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price Equity
Index 500 Portfolio;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 10, 2023 | <u>/s/ David Oestreicher</u> |
|  | David Oestreicher |
|  | Principal Executive Officer |

---

------

**<u>CERTIFICATIONS</u>**

I, Alan S. Dupski, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price Equity
Index 500 Portfolio;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 10, 2023 | <u>/s/ Alan S. Dupski</u> |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**Item 13. (b)** 

**CERTIFICATION UNDER SECTION 906 OF SARBANES-OXLEY ACT OF 2002** 

Name of Issuer: T. Rowe Price Equity Index 500 Portfolio

In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Issuer.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 10, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 10, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Ex-99.Code

**CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL** 

**OFFICERS OF THE T. ROWE PRICE MUTUAL FUNDS AND EXCHANGE-** 

**TRADED FUNDS** 

**UNDER THE SARBANES-OXLEY ACT OF 2002** 

**I. General Statement.** This Code of Ethics for the T. Rowe Price Mutual Funds and Exchange-Traded Funds (the "Price ETFs" and, together with the Mutual Funds, the **"Price Funds")** has been designed to bring the Price Funds into compliance with the applicable requirements of the Sarbanes-Oxley Act of 2002 (the **"Act")** and rules promulgated by the Securities and Exchange Commission thereunder ("Regulations"). This Price Funds' Code of Ethics (the **"S-O Code")** applies solely to the Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer or Controller of, or persons performing similar functions for, a Price Fund (whether such persons are employed by a Price Fund or third party) **("Covered Officers").** The **"Price Funds"** shall include each mutual fund and ETF that is managed, sponsored and distributed by affiliates of T. Rowe Price Group, Inc. **("Group").** The investment managers to the Price Funds will be referred to as the **"Price Fund Advisers."** A list of Covered Officers is attached as **Exhibit A.**

The Price Fund Advisers have, along with their parent, T. Rowe Price Group, Inc. **("Group")** also maintained a comprehensive Code of Ethics and Conduct (the **"Group Code")** since 1972, which applies to all officers, directors and employees of the Price Funds, Group and its affiliates.

As mandated by the Act, Group has adopted a Code (the **"Group S-O Code"),** similar to the Price Funds S-O Code, which applies solely to its principal executive and senior financial officers. The Group S-O Code and the Price Funds S-O Code will be referred to collectively as the **"S-O Codes".**

The Price Funds S-O Code has been adopted by the Price Funds in accordance with the Act and Regulations thereunder and will be administered in conformity with the disclosure requirements of Item 2 of Form N-CSR. The S-O Codes are attachments to the Group Code. In many respects the S-O Codes are supplementary to the Group Code, but the Group Code is administered separately from the S-O Codes, as the S-O Codes are from each other.

**II. Purpose of the Price Funds S-O Code.** The purpose of the Price Funds S-O Code, as mandated by the Act and the Regulations, is to establish standards that are reasonably designed to deter wrongdoing and to promote:

**Ethical Conduct.** Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.

**Disclosure.** Full, fair, accurate, timely and understandable disclosure in reports and documents that the Price Funds file with, or submit to, the SEC and in other public communications made by the Price Funds.

**Compliance.** Compliance with applicable governmental laws, rules and regulations.

**Reporting of Violations.** The prompt internal reporting of violations of the Price Funds S-O Code to an appropriate person or persons identified in the Price Funds S-O Code.

**Accountability.** Accountability for adherence to the Price Funds S-O Code.

------

**III. Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest.** 

**Overview.** Each Covered Officer owes a duty to the Price Funds to adhere to a high standard of honesty and business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his or her service to, the Price Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of his or her family, receives improper personal benefits as a result of his or her position with a Price Fund.

Certain conflicts of interest covered by the Price Funds S-O Code arise out of the relationships between Covered Officers and the Price Funds and may already be subject to provisions regulating conflicts of interest in the Investment Company Act of 1940 **("Investment Company Act"),** the Investment Advisers Act of 1940 **("Investment Advisers Act")** and the Group Code. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Price Fund because of their status as "affiliated persons" of a Price Fund. The compliance programs and procedures of the Price Funds and Price Fund Advisers are designed to prevent, or identify and correct, violations of these provisions.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between a Price Fund and its Price Fund Adviser (and its affiliates) of which the Covered Officers may also be officers or employees. As a result, the Price Funds S-O Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Price Funds or for the Price Fund Advisers, or for both), be involved in establishing policies and implementing decisions which will have different effects on these entities. The participation of the Covered Officers in such activities is inherent in the contractual relationship between each Price Fund and its respective Price Fund Adviser. Such participation is also consistent with the performance by the Covered Officers of their duties as officers of the Price Funds and, if consistent with the provisions of the Investment Company Act and the Investment Advisers Act, it will be deemed to have been handled ethically.

Other conflicts of interest are covered by the Price Funds and Price ETFs S-O Code, even if these conflicts of interest are not addressed by or subject to provisions in the Investment Company Act and the Investment Advisers Act.

Whenever a Covered Officer is confronted with a conflict of interest situation where he or she is uncertain as to the appropriate action to be taken, he or she should discuss the matter with the Chairperson of Group's Ethics Committee or another member of the Committee.

**Handling of Specific Types of Conflicts.** Each Covered Officer (and close family members) must not:

**Entertainment.** Accept entertainment from any company with which any Price Fund or any Price Fund Adviser has current or prospective business dealings including portfolio companies, unless such entertainment is in full compliance with the policy on entertainment as set forth in the Group Code.

------

**Gifts.** Accept any gifts, except as permitted by the Group Code.

**Improper Personal Influence.** Use his or her personal influence or personal relationships improperly to influence investment decisions, brokerage allocations or financial reporting by the Price Funds to the detriment of any one or more of the Price Funds.

**Taking Action at the Expense of a Price Fund.** Cause a Price Fund to take action, or fail to take action, for the personal benefit of the Covered Officer rather than for the benefit of one or more of the Price Funds.

**Misuse of Price Funds' Transaction Information.** Use knowledge of portfolio transactions made or contemplated for a Price Fund or any other clients of the Price Fund Advisers to trade personally or cause others to trade in order to take advantage of or avoid the market impact of such portfolio transactions; and in connection with Price ETFs that do not disclose portfolio holdings daily, use knowledge of pending changes to an ETF's proxy portfolio holdings for such purposes.

**Outside Business Activities.** Engage in any outside business activity that detracts from a Covered Officer's ability to devote appropriate time and attention to his or her responsibilities to a Price Fund.

**Service Providers.** Excluding Group and its affiliates, have any ownership interest in, or any consulting or employment relationship with, any of the Price Funds' service providers, except that an ownership interest in public companies is permitted

**Receipt of Payments.** Have a direct or indirect financial interest in commissions, transaction charges, spreads or other payments paid by a Price Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest (such as compensation or equity ownership) arising from the Covered Officer's employment by Group or any of its affiliates.

**Service as a Director or Trustee.** Serve as a director, trustee or officer of any public or private company or a non-profit organization that issues securities eligible for purchase by any of the Price Funds, unless approval is obtained as required by the Group Code.

**IV. Covered Officers' Specific Obligations and Accountabilities.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Disclosure Requirements and Controls.** Each Covered Officer must familiarize himself or herself with the disclosure requirements (Form N-lA registration statement, proxy (Schedule 14A), shareholder reports, Forms N-CEN, N-CSR, etc.) applicable to the Price Funds and the disclosure controls and procedures of the Price Fund and the Price Fund Advisers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Compliance with Applicable Law.** It is the responsibility of each Covered Officer to promote compliance with all laws, rules and regulations applicable to the Price Funds and the Price Fund Advisers. Each Covered Officer should, to the extent appropriate within his or her area of responsibility, consult with other officers and employees of the Price Funds and the Price Fund Advisers and take other appropriate steps with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Price Funds file with, or submit to, the SEC, and in other public

------

communications made by the Price Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Fair Disclosure.** Each Covered Officer must not knowingly misrepresent, or cause others to misrepresent, facts about a Price Fund to others, whether within or outside the Price organization, including to the Price Fund's directors and auditors, and to governmental regulators and self-regulatory organizations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Initial and Annual Affirmations.** Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Upon adoption of the Price Funds S-O Code (or thereafter, as applicable, upon becoming a Covered Officer), affirm in writing that he or she has received, read, and understands the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Annually affirm that he or she has complied with the requirements of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Reporting of Material Violations of the Price Funds S-O Code.** If a Covered Officer becomes aware of any material violation of the Price Funds S-O Code or laws and governmental rules and regulations applicable to the operations of the Price Funds, he or she must promptly report the violation **("Report")** to the Chief Compliance Officer of the Price Funds **("CCO").** Failure to report a material violation will be considered itself a violation of the Price Funds S-O Code. The CCO is identified in the attached **Exhibit B.**

It is the Price Funds' policy that no retaliation or other adverse action will be taken against any Covered Officer or other employee of a Price Fund, a Price Fund Adviser or their affiliates based upon any lawful actions of the Covered Officer or employee with respect to a Report made in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F. Annual Disclosures.** Each Covered Officer must report, at least annually, all affiliations or other relationships as called for in the "Annual Compliance Certification" for T. Rowe Price Group.

**V. Administration of the Price Funds S-O Code.** The Ethics Committee is responsible for administering the Price Funds S-O Code and applying its provisions to specific situations in which questions are presented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Waivers and Interpretations.** The Chairperson of the Ethics Committee has the authority to interpret the Price Funds S-O Code in any particular situation and to grant waivers where justified, subject to the approval of the Joint Audit Committee of the Price Funds. All material interpretations concerning Covered Officers will be reported to the Joint Audit Committee of the Price Funds at its next meeting. Waivers, including implicit waivers, to Covered Officers will be publicly disclosed as required in the Instructions to N-CSR. Pursuant to the definition in the Regulations, an implicit waiver means a Price Fund's failure to take action within a reasonable period of time regarding a material departure from a provision of the Price Funds S-O Code that has been made known to an "executive officer" (as defined in Rule 3b-7 under the Securities Exchange Act of 1934) of a Price Fund. An executive officer of a Price Fund includes its president and any vice-president in charge of a principal business unit, division or function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Violations/Investigations.** The following procedures will be followed in

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investigating and enforcing the Price Funds S-O Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The CCO will take or cause to be taken appropriate action to investigate any potential or actual violation reported to him or her.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The CCO, after consultation if deemed appropriate with Outside Counsel to the Price Funds, will make a recommendation to the appropriate Price Funds Board regarding the action to be taken with regard to each material violation. Such action could include any of the following: a letter of censure or suspension, a fine, a suspension of trading privileges or termination of officership or employment. In addition, the violator may be required to surrender any profit realized (or loss avoided) from any activity that is in violation of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Investigations of Whistleblower complaints related to Price Funds will be handled in accordance with the T. Rowe Price Global Whistleblower Policy.

**VI. Amendments to the Price Funds S-O Code.** Except as to the contents of **Exhibit A and Exhibit B,** the Price Funds S-O Code may not be materially amended except in written form, which is specifically approved or ratified by a majority vote of each Price Fund Board, including a majority of the independent directors on each Board.

**VII. Confidentiality.** All reports and records prepared or maintained pursuant to the Price Funds S-O Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law, the Price Funds S-O Code or as necessary in connection with regulations under the Price Funds S-O Code, such matters shall not be disclosed to anyone other than the directors of the appropriate Price Fund Board, Outside Counsel to the Price Funds, members of the Ethics Committee and the CCO and authorized persons on his or her staff.

Adoption Date: 10/22/03

Last Revised: 05/11/2022 (Exhibit B revised)

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## Exhibit A
**Persons Covered by the Price Funds and** 

**Price ETFs S-O Code of Ethics** 

David Oestreicher, Executive Vice President and Principal Executive Officer

Alan S. Dupski, Treasurer and Principal Financial Officer

## Exhibit B
Dino Capasso, Chief Compliance Officer