JANUS INVESTMENT FUND
JANUS SPECIAL SITUATIONS FUND
Supplement dated December 2, 1996 to Prospectus dated November 29, 1996
Orders to purchase shares of Janus Special Situations Fund (the "Fund") will not
be processed before commencement of operations (currently scheduled for December
31, 1996). Orders to purchase Fund shares that are accompanied by payment and
are received before December 22, 1996 will be returned together with payment.
Orders to purchase Fund shares that are accompanied by payment and are received
after December 22, 1996 will be deemed orders to purchase Fund shares as of the
commencement of operations and will be processed and priced into the Fund on
December 31, 1996.
