Janus Balanced Fund
Supplement dated January 1, 2000 to Prospectus
dated February 17, 1999
THIS INFORMATION SUPPLEMENTS THE FUND'S PROSPECTUS DATED FEBRUARY 17, 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 PORTFOLIO MANAGER'S section on
page 34 of the Prospectus:
Karen L. Reidy is Executive Vice President and portfolio manager of Janus
Balanced Fund. Ms. Reidy is also Executive Vice President and portfolio manager
of Janus Equity Income Fund. She replaces 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.
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