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Janus High-Yield Fund
Supplement dated January 1, 2001 to
Prospectus dated January 31, 2000,
as supplemented March 16, 2000 and June 6, 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 VISIT JANUS.COM OR
CALL 1-800-525-3713.
Effective January 1, 2001, if you hold Fund shares in a tax-deferred account,
you will no longer be charged the annual $12 account maintenance fee.
