JANUS INVESTMENT FUND
497, 1996-05-30
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                             JANUS INVESTMENT FUND
                            JANUS EQUITY INCOME FUND

                         Supplement Dated May 30, 1996
                        to Prospectus Dated May 29, 1996

Orders to purchase  shares of Janus Equity  Income Fund (the "Fund") will not be
processed before  commencement of operations  (currently  scheduled for June 28,
1996).  Orders to purchase Fund shares that are  accompanied  by payment and are
received before June 21, 1996 will be returned together with the payment. Orders
to purchase Fund shares that are  accompanied  by payment and are received after
June  20,  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
June 28, 1996.



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