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Janus Money Market Fund
Janus Tax-Exempt Money Market Fund
Institutional Shares
Supplement Dated July 1, 2000
to Prospectus Dated January 31, 2000
THIS INFORMATION SUPPLEMENTS THE FUNDS' PROSPECTUS DATED JANUARY 31, 2000. THIS
SUPPLEMENT AND THE PROSPECTUS CONSTITUTE A CURRENT PROSPECTUS. TO REQUEST
ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL 1-800-29JANUS.
THE FOLLOWING INFORMATION REPLACES THE FIRST AND SECOND COLUMNS OF THE TABLE IN
THE SECTION "FEES AND EXPENSES":
<TABLE>
<CAPTION>
Janus Money Janus Tax-Exempt
Institutional Shares Market Fund Money Market Fund
<S> <C> <C>
Management Fee 0.20% 0.20%
Other Expenses 0.15% 0.15%
Total Annual Fund Operating
Expenses Without Waivers* 0.35% 0.35%
Total Waivers (0.17)% (0.17)%
Total Annual Fund Operating
Expenses With Waivers* 0.18% 0.18%
</TABLE>
* All expenses are stated both with and without contractual waivers by Janus
Capital. Janus Capital has agreed to continue such waivers until at least the
next annual renewal of the advisory agreements.
S-4217
