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Janus Money Market Fund
Janus Government Money Market Fund
Janus Tax-Exempt Money Market Fund
Institutional Shares and Service Shares
Supplement Dated September 25, 2000
to Statements of Additional Information Dated January 31, 2000,
As Supplemented July 1, 2000 and July 28, 2000
THIS INFORMATION SUPPLEMENTS THE FUNDS' STATEMENTS OF ADDITIONAL INFORMATION.
THIS SUPPLEMENT, ANY PREVIOUS SUPPLEMENT(S) AND THE FUNDS' STATEMENTS OF
ADDITIONAL INFORMATION TOGETHER CONSTITUTE CURRENT STATEMENTS OF ADDITIONAL
INFORMATION. TO REQUEST A CURRENT COPY OF A STATEMENT OF ADDITIONAL INFORMATION,
PLEASE CALL 1-800-29JANUS.
I. The following replaces the information about Janus Capital's ownership
under the heading "Investment Adviser and Administrator:"
Stilwell Financial Inc. ("Stilwell") owns approximately 81.5% of the
outstanding voting stock of Janus Capital. Stilwell is a publicly traded
holding company with principal operations in financial asset management
businesses. Thomas H. Bailey, President, Chief Executive Officer and
Chairman of the Board of Janus Capital, owns approximately 12% of Janus
Capital's voting stock and, by agreement with Stilwell, selects a
majority of Janus Capital's Board, subject to the approval of Stilwell,
which Stilwell cannot unreasonably withhold.
II. Effective September 25, 2000, James P. Craig is no longer a Trustee or a
Vice President of the Funds.
III. Effective September 25, 2000, Steven R. Goodbarn is no longer Vice
President and Chief Financial Officer of the Funds.
