Janus Strategic Value Fund
Supplement Dated January 31, 2000 to Prospectus
Dated January 31, 2000
THIS INFORMATION SUPPLEMENTS THE FUND'S PROSPECTUS DATED JANUARY 31, 2000. THIS
SUPPLEMENT AND THE PROSPECTUS CONSTITUTE A CURRENT PROSPECTUS. TO REQUEST
ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL 1-800-525-3713.
Janus Distributors Inc., the distributor for Janus Strategic Value Fund (the
"Fund"), will solicit orders to purchase shares of the Fund during an initial
offering period from January 31, 2000 to February 29, 2000 (the "Subscription
Period"). Orders received during the Subscription Period will not be processed
before commencement of operations (currently scheduled for February 29, 2000).
An order in proper form to purchase shares of the Fund that is accompanied by
payment and is received by the Fund's transfer agent prior to February 26, 2000
will be deemed to be an order to purchase shares of Janus Money Market
Fund - Investor Shares, and a further order to exchange shares of Janus Money
Market Fund - Investor Shares for shares of the Fund as of February 29, 2000.
The exchange will be processed and priced at the initial offering price of
$10.00 per share into the Fund on February 29, 2000. An exchange order may be
revoked at any time prior to February 29, 2000. An order in proper form to
purchase shares of the Fund that is accompanied by payment and is received by
the Fund's transfer agent from February 26, 2000 to February 28, 2000 will be
held and invested in the Fund on February 29, 2000.
Existing Janus fund shareholders may exchange all or a portion of shares of any
Janus fund they currently hold into the Fund. Exchange orders will be effected
at the net asset value on February 29, 2000 of the Janus fund(s) currently held
and being exchanged into the Fund. Shareholders bear the risk that the value of
the Janus fund shares currently held and being exchanged into the Fund will go
down between the time an exchange order is given and when it is accepted by the
Fund on February 29, 2000. Shareholders may revoke their exchange order and
avoid realizing such a loss at any time before February 29, 2000.
Any exchange into the Fund represents the sale of shares from one fund and the
purchase of shares of the Fund, which may produce a taxable gain or loss in a
non-tax deferred account.
Charles Schwab & Co., Inc. ("Schwab") is also soliciting subscriptions of shares
of the Fund during the Subscription Period pursuant to a selected dealer
agreement with Janus Distributors, Inc. The $10.00 per share purchase price for
shares of the Fund ordered through Schwab will be paid from a Schwab customer's
brokerage account on February 29, 2000. The funds to cover the subscription
order must be available in the Schwab account by the close of business on
Friday, February 25, 2000 or the order may be cancelled. Janus Capital
Corporation or its affiliates may pay to Schwab from its own resources
compensation in connection with Schwab's services related to the Subscription
Period, and such compensation will have no effect on the Fund's fees or
expenses. For more information about Schwab's compensation, see the Prospectus
section "Transactions Through Processing Organizations."
Shares of the Fund will not be available to the public prior to the Fund's
commencement of operations except through these subscription offers.
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