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Janus Equity Funds
Supplement dated May 10, 2000
to Prospectus dated January 31, 2000,
as supplemented March 16, 2000
THIS INFORMATION SUPPLEMENTS THE PROSPECTUS DATED JANUARY 31, 2000, AS
SUPPLEMENTED MARCH 16, 2000. THIS SUPPLEMENT AND THE PROSPECTUS CONSTITUTE A
CURRENT PROSPECTUS. TO REQUEST ANOTHER COPY OF THE PROSPECTUS, PLEASE CALL
1-800-525-3713.
Janus Olympus Fund, Janus Global Life Sciences Fund and Janus Worldwide Fund
(individually, the "Fund" and collectively, the "Funds") are closed to new
investors effective May 10, 2000. Purchases into new accounts will be accepted
only through the close of business on May 9, 2000. After May 9, 2000, purchases
into new accounts generally will no longer be accepted.
After May 9, 2000, the following may continue to make additional purchases and
to reinvest dividends and capital gains into existing accounts:
a. Current shareholders of the Funds (additionally, current shareholders of the
Funds may open new accounts in any Fund in which they currently own shares);
b. For Janus Global Life Sciences Fund and Janus Worldwide Fund, discretionary
investment advisers that invest through existing accounts at a financial
institution; however, after the close of business on May 9, 2000, no
investments in Janus Global Life Sciences Fund and Janus Worldwide Fund will
be accepted for any new accounts even if they will be established through an
existing relationship with a discretionary investment adviser;
c. For Janus Olympus Fund, discretionary investment advisers that invest through
existing accounts at a financial institution (additionally, discretionary
investment advisers that have existing accounts in the Fund may establish new
accounts in the Fund);
d. For Janus Global Life Sciences Fund and Janus Worldwide Fund, participants in
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 omnibus accounts at a financial
institution; and
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e. For Janus Olympus Fund, financial institutions that currently have a
contractual agreement with Janus to offer the Fund to qualified defined
contribution retirement plans and their participants (for example, 401(k)
plans, profit sharing plans and money purchase pension plans), 403(b) plans
and 457 plans.
Once an account is closed, additional investments may not be accepted.
Investors who do not have open accounts in a Fund as of the close of business on
May 9, 2000 will not be allowed to purchase shares of a Fund, except that:
a. Employees of Janus Capital Corporation or its subsidiaries may open new
accounts directly with Janus; and
b. For Janus Global Life Sciences Fund and Janus Worldwide Fund, certain defined
contribution plans that have selected Janus as part of their investment
program, but have not established an account, may open new accounts in a Fund
as long as their account is funded with Janus by January 31, 2001.
Except as otherwise noted, these restrictions apply to investments made directly
with Janus and investments made through financial institutions. Investors may be
required to demonstrate eligibility to purchase shares of a Fund before an
investment is accepted. A Fund may resume sales of shares to new investors at
some future date, but there is no present intention to do so.
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