T. ROWE PRICE <TROW> SEES HIGHER FIRST QUARTER T. Rowe Price Associates said its first quarter earnings rose about 50 pct from the year-ago 2,634,000 dlrs and revenues about 30 pct from the year-ago 24.2 mln dlrs. It said it expects "very good" earnings and revenue growth this year. In 1986 it earned 14.8 mln dlrs on revenues of 111.1 mln dlrs.