JANUS ADVISER SERIES
N-18F1, 2000-04-04
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                                 FORM N-18F-1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549







                 NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940
















                              JANUS ADVISER SERIES
                           Exact Name of Registrant


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                            NOTIFICATION OF ELECTION


     The undersigned  registered open-end investment company hereby notifies the
Securities  and Exchange  Commission  that it elects to commit  itself to pay in
cash all  redemptions by a shareholder of record as provided by Rule 18f-1 under
the  Investment  Company Act of 1940.  It is  understood  that this  election is
irrevocable  while such Rule is in effect  unless the  Commission  by order upon
application permits the withdrawal of this Notification of Election.




                                    SIGNATURE

     Pursuant to the requirements of Rule 18f-1 under the Investment Company Act
of 1940,  the  Registrant  has caused this  notification  of election to be duly
executed  on its behalf in the City of Denver and the State of  Colorado  on the
4th day of April, 2000.

                                        JANUS ADVISER SERIES


                                        BY:/s/Steve Goodbarn
                                        Steven R. Goodbarn

Attest:

/s/Kelley Abbott Howes
Kelley Abbott Howes, Secretary



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