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

    Supplement dated December 12, 1996 to Prospectus dated November 29, 1996


The first paragraph of the section  entitled  "Distributions"  on page 13 of the
Prospectus is amended as follows:

To avoid taxation, the Internal Revenue Code requires the Fund to distribute net
income and any net gains realized by its investments annually. The Fund's income
from  dividends and interest and any net realized  short-term  capital gains are
paid to shareholders as ordinary income dividends.  Net realized long-term gains
are paid to shareholders as capital gains  distributions.  Dividends and capital
gains distributions are declared and paid in December.





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