0000754915-03-000009 Sample Contracts

UNDERWRITING AGREEMENT BETWEEN
Underwriting Agreement • September 26th, 2003 • Price T Rowe High Yield Fund Inc

THIS UNDERWRITING AGREEMENT, made as of the 1st day of May 2003, by and between T. ROWE PRICE HIGH YIELD FUND, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the "Fund"), and T. ROWE PRICE INVESTMENT SERVICES, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the "Distributor").