JANUS INVESTMENT FUND
497, 1996-06-28
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                             JANUS INVESTMENT FUND
                           JANUS FLEXIBLE INCOME FUND

     Supplement Dated June 27, 1996 to Prospectuses Dated February 18, 1996


Sandy R.  Rufenacht is  co-manager  of Janus  Flexible  Income Fund.  He is also
Executive Vice President and portfolio manager of Janus Intermediate  Government
Securities  Fund  and  Janus  Short-Term  Bond  Fund  and  co-manager  of  Janus
High-Yield  Fund.  Mr.  Rufenacht  joined  Janus  Capital  in  1990  and  gained
experience  as  a  trader  and  research  analyst  before  assuming   management
responsibilities. He holds a Bachelor of Arts in Business from the University of
Northern Colorado.



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