JANUS INVESTMENT FUND
JANUS OLYMPUS FUND
Supplement Dated June 27, 1996 to Prospectus Dated November 28, 1995
THIS SUPPLEMENT IS INTENDED TO BE USED WITH THE PROSPECTUS DATED NOVEMBER 28,
1995. THIS SUPPLEMENT, TOGETHER WITH THE PROSPECTUS PREVIOUSLY FURNISHED TO YOU,
CONSTITUTE A CURRENT PROSPECTUS. TO REQUEST ANOTHER COPY OF THE PROSPECTUS,
PLEASE CALL 1-800-525-3713.
I. The following table is added at page 2 of the Prospectus:
FINANCIAL HIGHLIGHTS
The unaudited information below is for the semiannual period ended April 30,
1996.
Janus Olympus Fund(1)
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1. Net asset value, beginning of period $12.00
Income from investment operations:
2. Net investment income .14
3. Net gains or (losses) on securities
(both realized and unrealized) 2.76
4. Total from investment operations 2.90
Less distributions:
5. Dividends (from net investment income) --
6. Distributions (from capital gains) --
7. Total distributions --
8. Net asset value, end of period $14.90
9. Total return* 24.25%
10. Net assets, end of period (in thousands) $259,445
11. Average net assets for the period (in thousands) $127,594
12. Ratio of gross expenses to average net assets** 1.10%(2)
13. Ratio of net expenses to average net assets 1.07%
14. Ratio of net investment income to average net assets** 5.57%
15. Portfolio turnover rate** 525%
16. Average commission rate $.0332
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(1) Period from December 29, 1995 (inception) through April 30, 1996.
(2) The Fund's expenses may be reduced through the use of brokerage commissions
and uninvested cash balances earning interest with the Fund's custodian.
The gross expense ratio for the semiannual period ended April 30, 1996,
does not reflect expense reductions, which reduced the expense ratio to
1.07%.
*Total return is not annualized for periods of less than one year.
**Annualized for periods of less than one full year.
II. The section "How to Get in Touch with Janus" on page 7 of the Prospectus is
amended as follows:
If you have any questions while reading this Prospectus, please call one of
our Investor Service Representatives at 1-800-525-3713 Monday-Friday: 8:00
a.m.-10:00 p.m., and Saturday: 10:00 a.m.-7:00 p.m., New York time.
