JANUS INVESTMENT FUND
497, 2000-01-14
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                          Janus Global Technology Fund

                       Supplement dated January 14, 2000
                     to Prospectus Dated February 17, 1999
               as supplemented April 16, 1999, September 30, 1999
                              and January 1, 2000

THIS INFORMATION SUPPLEMENTS THE FUND'S PROSPECTUS DATED FEBRUARY 17, 1999 AS
SUPPLEMENTED APRIL 16, 1999, SEPTEMBER 30, 1999 AND JANUARY 1, 2000. THIS
SUPPLEMENT AND THE PROSPECTUS CONSTITUTE A CURRENT PROSPECTUS. TO REQUEST
ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL 1-800-525-3713.

Except as provided below, Janus Global Technology Fund is closed to new
investors effective January 18, 2000. After January 18, 2000, the following may
continue to make additional purchases and to reinvest dividends and capital
gains in existing accounts:

a. Shareholders of Janus Global Technology Fund;

b. Discretionary investment advisers that invest through existing accounts at a
   financial intermediary; and

c. 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 accounts at a financial intermediary.

Once an account is closed, additional investments will not be accepted.

Investors who do not have open accounts in Janus Global Technology Fund on
January 18, 2000, 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 Global Technology Fund if the application to invest in
   the fund is postmarked no later than January 21, 2000.

b. Individuals who requested a prospectus and application for Janus Global
   Technology Fund prior to January 18, 2000, as shown on the records of the
   fund's transfer agent, will be able to establish an account in Janus Global
   Technology Fund if the application is postmarked no later than January 21,
   2000.

                                                             (Continued on back)
<PAGE>


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 January 18, 2000.

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 Global Technology 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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