JANUS INVESTMENT FUND
497, 1996-12-12
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                             JANUS INVESTMENT FUND
                         JANUS SPECIAL SITUATIONS FUND

                     Supplement dated December 12, 1996 to
          Statement of Additional Information dated November 29, 1996


The first paragraph of the section  entitled  "Income  Dividends,  Capital Gains
Distributions  and  Tax  Status"  on  page  20 of the  Statement  of  Additional
Information is amended as follows:

It is a policy of the Fund to make  distributions  of  substantially  all of its
investment  income and any net realized  capital  gains.  The Fund  declares and
makes annual distributions of income (if any). Any capital gains realized during
each fiscal year ended October 31, as defined by the Code, are normally declared
and  payable  to  shareholders  in  December.  The Fund  intends to qualify as a
regulated  investment company by satisfying certain  requirements  prescribed by
Subchapter M of the Code.





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