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Janus Olympus Fund
Supplement dated May 10, 2000
to Prospectus Dated January 31, 2000
as supplemented March 16, 2000
THIS INFORMATION SUPPLEMENTS THE PROSPECTUS DATED JANUARY 31, 2000, AS
SUPPLEMENTED MARCH 16, 2000. THIS SUPPLEMENT AND THE PROSPECTUS CONSTITUTE A
CURRENT PROSPECTUS. TO REQUEST ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL
1-800-525-3713.
Janus Olympus Fund (the "Fund") is closed to new investors effective May 10,
2000. Purchases into new accounts will be accepted only through the close of
business on May 9, 2000. After May 9, 2000, purchases into new accounts
generally will no longer be accepted.
The following may continue to make additional purchases and to reinvest
dividends and capital gains into existing accounts:
a. Current Fund shareholders (additionally, current Fund shareholders may open
new accounts in the Fund);
b. Discretionary investment advisers that invest through existing accounts at a
financial institution (additionally, discretionary investment advisers that
have existing accounts in the Fund may establish new accounts in the Fund);
and
c. Financial institutions that currently have a contractual agreement with Janus
to offer the Fund to qualified defined contribution retirement plans and
their participants (for example, 401(k) plans, profit sharing plans and money
purchase pension plans), 403(b) plans and 457 plans.
Once an account is closed, additional investments may not be accepted.
Investors who do not have open accounts in the Fund as of the close of business
on May 9, 2000 will not be allowed to purchase shares of the Fund, except that
employees of Janus Capital Corporation or its subsidiaries may open new accounts
directly with Janus.
Except as otherwise noted, these restrictions apply to investments made directly
with Janus and investments made through financial institutions. Investors may be
required to demonstrate eligibility to purchase shares of the Fund before an
investment is accepted. The Fund may resume sales of shares to new investors at
some future date, but it has no present intention to do so.
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