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Janus Overseas Fund
Supplement dated December 21, 2000
to Prospectus dated January 31, 2000, as
supplemented March 16, 2000 and May 10, 2000
THIS INFORMATION SUPPLEMENTS THE FUND'S PROSPECTUS. THIS SUPPLEMENT, ANY
PREVIOUS SUPPLEMENT(S) AND THE PROSPECTUS TOGETHER CONSTITUTE A CURRENT
PROSPECTUS. TO REQUEST ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL
1-800-525-3713.
The following information supplements the information under "Management of the
Fund -- Portfolio Managers":
Effective December 31, 2000, Laurence J. Chang will no longer be an Executive
Vice President or a Co-Manager of the Fund, and Brent A. Lynn will become an
Executive Vice President and a Co-Manager of the Fund. Mr. Lynn joined Janus
Capital in 1991 as a research analyst. He holds a Bachelor of Arts degree in
Economics and a Masters degree in Economics and Industrial Engineering from
Stanford University. Mr. Lynn has earned the right to use the Chartered
Financial Analyst designation. Mr. Chang will continue his role as an Executive
Vice President and a Co-Manager of Janus Worldwide Fund.
OVSUPP-12/21/00
