Janus Investment Fund
Janus Overseas Fund
Supplement Dated April 17, 1998 to Prospectus Dated February 17, 1998
THIS INFORMATION SUPPLEMENTS THE FUND'S PROSPECTUS DATED FEBRUARY 17, 1998. THIS
SUPPLEMENT, TOGETHER WITH THE PROSPECTUS, CONSTITUTE A CURRENT PROSPECTUS. TO
REQUEST ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL 1-800-525-3713.
I. Except as provided below, Janus Overseas Fund is closed to new investors
effective April 20, 1998. After April 20, 1998, (i) shareholders of Janus
Overseas Fund, (ii) discretionary investment advisers that invest through
existing omnibus accounts at a financial intermediary, and (iii) qualified
defined contribution retirement plans (for example, 401(k) plans, profit sharing
plans and money purchase pension plans), 403(b) plans and 457 plans that invest
through existing omnibus accounts at a financial intermediary may continue to
make additional purchases and to reinvest dividends and capital gains in
existing accounts. Once an account is closed, additional investments will not be
accepted.
Investors who do not have open accounts in Janus Overseas Fund on April 20,
1998, will not be allowed to purchase fund shares except as set forth below:
a. Shareholders who have an account in any Janus fund will be able to establish
an account in Janus Overseas Fund until April 24, 1998.
b. Individuals who requested a prospectus and application for Janus Overseas
Fund prior to April 20, 1998, as shown on the records of the fund's transfer
agent, will be able to establish an account in Janus Overseas Fund until April
24, 1998.
c. New accounts may be established by participants in participant-directed
defined contribution plans (and their successor plans) in which the fund is
established as an investment option prior to April 20, 1998.
Except as otherwise noted, these restrictions apply to investments made directly
with Janus and investments made through financial intermediaries. Investors may
be required to demonstrate eligibility to purchase shares of the fund before an
investment is accepted. Janus Overseas Fund may resume sales of shares to new
investors at some future date, but it has no present intention to do so.
II. Effective April 17, 1998, Laurence J. Chang is Executive Vice President and
Co-Manager of Janus Overseas Fund. Mr. Chang is also Assistant Portfolio Manager
of Janus Worldwide Fund. Mr. Chang joined Janus in 1993 as a research analyst.
From 1989 to 1993, he was a Project Director for the National Security Archives,
a nonprofit research organization. Mr. Chang received an undergraduate degree
with honors in religion and philosophy from Dartmouth College and a Master's
Degree in Political Science from Stanford University. He is a Chartered
Financial Analyst.
