Janus Equity Funds
Supplement dated January 1, 2000 to Prospectus
dated February 17, 1999 as supplemented April 16, 1999
THIS INFORMATION SUPPLEMENTS THE JANUS INVESTMENT FUNDS' COMBINED EQUITY FUNDS'
PROSPECTUS DATED FEBRUARY 17, 1999 AS SUPPLEMENTED APRIL 16, 1999. THIS
SUPPLEMENT, TOGETHER WITH THE PROSPECTUS, CONSTITUTE A CURRENT PROSPECTUS. TO
REQUEST ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL 1-800-525-3713.
The following information should be added to the INVESTMENT PERSONNEL/ PORTFOLIO
MANAGERS' section on page 56 of the Prospectus:
Laurence J. Chang became co-manager of Janus Worldwide Fund on September 30,
1999. Prior to serving as co-manager of the Fund, he served as assistant
portfolio manager of Janus Worldwide Fund since December 1996. Mr. Chang has
co-managed Janus Overseas Fund since April 1998. Mr. Chang joined Janus Capital
in 1993 as a research analyst. He received an undergraduate degree with honors
in Religion and Philosophy from Dartmouth College and a Masters Degree in
Political Science from Stanford University. Mr. Chang is a Chartered Financial
Analyst.
Blaine P. Rollins is Executive Vice President and portfolio manager of Janus
Fund, replacing James P. Craig who previously managed Janus Fund from June 1986
through December 1999. Mr. Rollins served as Executive Vice President and
portfolio manager of Janus Balanced Fund from January 1996 through December
1999, Executive Vice President and portfolio manager of Janus Equity Income Fund
from June 1996 through December 1999, and as assistant portfolio manager of
Janus Fund from January 1994 through December 1999. Mr. Rollins joined Janus
Capital in 1990 and gained experience as a fixed-income trader and equity
research analyst prior to managing Janus Balanced Fund. He holds a Bachelor of
Science in Finance from the University of Colorado and is a Chartered Financial
Analyst.
Karen L. Reidy is Executive Vice President and portfolio manager of Janus
Balanced Fund and Janus Equity Income Fund, replacing Blaine P. Rollins who
previously managed Janus Balanced Fund and Janus Equity Income Fund. She is also
an assistant portfolio manager of Janus Fund. Prior to joining Janus Capital in
1995, she worked for Price Waterhouse as a manager in both the Mergers and
Acquisitions and Audit business units. In this capacity, Ms. Reidy performed due
diligence work for corporate clients and oversaw audit engagements. She received
an undergraduate degree in Accounting from the University of Colorado in 1989
and passed the CPA exam in 1992. She is a Chartered Financial Analyst.
John H. Schreiber is an assistant portfolio manager of Janus Fund. Mr. Schreiber
joined Janus Capital in 1997 as an equity research analyst. Prior to joining
Janus Capital, he was an equity analyst with Fidelity Investments. Mr. Schreiber
holds a Bachelor of Science degree in mechanical engineering from the University
of Washington and a Master of Business Administration from Harvard University.
He is a Chartered Financial Analyst.
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