JANUS INVESTMENT FUND
497, 1995-11-29
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                              JANUS INVESTMENT FUND
                              JANUS HIGH-YIELD FUND
                               JANUS OLYMPUS FUND

                       SUPPLEMENT DATED NOVEMBER 29, 1995
                     TO PROSPECTUSES DATED NOVEMBER 28, 1995



Orders  to  purchase  shares  of Janus  High-Yield  Fund or Janus  Olympus  Fund
(collectively,  the  "Funds")  will  not be  processed  before  commencement  of
operations  (currently scheduled for December 29, 1995). Orders to purchase Fund
shares that are accompanied by payment and are received before December 22, 1995
will be returned together with payment.  Orders to purchase Fund shares that are
accompanied  by payment and are received  after December 21, 1995 will be deemed
orders to purchase Fund shares as of the  commencement of operations and will be
processed and priced into the appropriate Fund on December 29, 1995.







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