<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000906185
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 U
001 A000000 JANUS ASPEN SERIES
001 B000000 811-7736
001 C000000 3033333863
002 A000000 100 FILLMORE STREET, SUITE 300
002 B000000 DENVER
002 C000000 CO
002 D010000 80206
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 JANUS ASPEN GROWTH PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 JANUS ASPEN AGGRESSIVE GROWTH PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 JANUS ASPEN WORLDWIDE GROWTH PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 JANUS ASPEN BALANCED PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 JANUS ASPEN FLEXIBLE INCOME PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 JANUS ASPEN SHORT-TERM BOND PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 JANUS ASPEN INTERNATIONAL GROWTH PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 JANUS ASPEN MONEY MARKET PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 JANUS ASPEN HIGH-YIELD PORTFOLIO
007 C030900 N
008 A00AA01 JANUS CAPITAL CORPORATION
008 B00AA01 A
<PAGE> PAGE 2
008 C00AA01 801-13991
008 D01AA01 DENVER
008 D02AA01 CO
008 D03AA01 80206
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 28
019 C00AA00 JANUSCAPIT
020 A000001 KLEINWORT BENSON
020 B000001 13-2647786
020 C000001 136
020 A000002 INSTINET
020 B000002 13-3443395
020 C000002 75
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003 74
020 A000004 CANTOR FITZGERALD & CO., INC.
020 B000004 13-3680184
020 C000004 63
020 A000005 ARNHOLD & S. BLEISCHROEDER
020 B000005 13-4959915
020 C000005 45
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006 44
020 A000007 CREDIT LYONNAISE
020 B000007 13-2602298
020 C000007 36
020 A000008 LAZARD FRERES & CO.
020 B000008 13-5545100
020 C000008 32
020 A000009 ALFRED BERG
020 B000009 13-3629590
020 C000009 32
020 A000010 WERTHEIM & CO.
020 B000010 13-2697272
020 C000010 30
021 000000 1106
022 A000001 FORD MOTOR CREDIT CORP.
022 B000001 38-1612444
022 C000001 1766716
022 D000001 0
022 A000002 HSBC SECURITIES, INC.
022 B000002 13-2650272
022 C000002 1217931
022 D000002 22364
022 A000003 FUJI SECURITIES
022 B000003 36-2880722
022 C000003 153550
022 D000003 499
<PAGE> PAGE 3
022 A000004 NATIONSBANC CAPITAL MARKETS
022 B000004 57-0236115
022 C000004 139355
022 D000004 10979
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
022 C000005 95001
022 D000005 16944
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 91814
022 D000006 16269
022 A000007 GENERAL ELECTRIC CAPITAL CORP.
022 B000007 13-1500700
022 C000007 99467
022 D000007 6997
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008 59902
022 D000008 9145
022 A000009 STATE STREET BANK AND TRUST CO.
022 B000009 04-1867445
022 C000009 66430
022 D000009 0
022 A000010 CHEVRON OIL FINANCE CO.
022 B000010 25-1215010
022 C000010 60928
022 D000010 0
023 C000000 4046093
023 D000000 166677
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 Y
026 G010000 N
026 G020000 Y
026 H000000 N
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
077 A000000 N
024 000100 N
025 A000101 DELETE
025 D000101 0
025 A000102 DELETE
025 D000102 0
025 D000103 0
025 D000104 0
<PAGE> PAGE 4
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 9723
028 A020100 0
028 A030100 0
028 A040100 876
028 B010100 12595
028 B020100 0
028 B030100 0
028 B040100 1881
028 C010100 13649
028 C020100 0
028 C030100 0
028 C040100 1562
028 D010100 18047
028 D020100 0
028 D030100 0
028 D040100 380
028 E010100 12022
028 E020100 0
028 E030100 0
028 E040100 1429
028 F010100 11861
028 F020100 4268
028 F030100 0
028 F040100 1621
028 G010100 77897
028 G020100 4268
028 G030100 0
028 G040100 7749
028 H000100 0
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 500
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
<PAGE> PAGE 5
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 D000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 129517
071 B000100 69051
071 C000100 145351
071 D000100 48
<PAGE> PAGE 6
072 A000100 6
072 B000100 745
072 C000100 964
072 D000100 0
072 E000100 0
072 F000100 553
072 G000100 0
072 H000100 0
072 I000100 1
072 J000100 38
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 -18
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 1
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 5
072 X000100 580
072 Y000100 2
072 Z000100 1131
072AA000100 6050
072BB000100 0
072CC010100 8907
072CC020100 0
072DD010100 3284
072DD020100 0
072EE000100 984
073 A010100 0.2308
073 A020100 0.0000
073 B000100 0.0692
073 C000100 0.0000
074 A000100 502
074 B000100 0
074 C000100 34066
074 D000100 0
074 E000100 3148
074 F000100 174794
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1957
074 K000100 0
074 L000100 832
074 M000100 1
074 N000100 215300
<PAGE> PAGE 7
074 O000100 1920
074 P000100 112
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 121
074 S000100 0
074 T000100 213147
074 U010100 14594
074 U020100 0
074 V010100 14.60
074 V020100 0.00
074 W000100 0.0000
074 X000100 10
074 Y000100 0
075 A000100 0
075 B000100 170326
076 000100 0.00
028 A010200 12330
028 A020200 0
028 A030200 0
028 A040200 1312
028 B010200 11366
028 B020200 0
028 B030200 0
028 B040200 2316
028 C010200 14312
028 C020200 0
028 C030200 0
028 C040200 1272
028 D010200 31700
028 D020200 0
028 D030200 0
028 D040200 1267
028 E010200 22683
028 E020200 0
028 E030200 0
028 E040200 944
028 F010200 16683
028 F020200 3240
028 F030200 0
028 F040200 1858
028 G010200 109074
028 G020200 3240
028 G030200 0
028 G040200 8969
028 H000200 0
058 A000200 N
059 000200 Y
060 A000200 N
<PAGE> PAGE 8
060 B000200 N
061 000200 500
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
<PAGE> PAGE 9
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 236756
071 B000200 134940
071 C000200 233195
071 D000200 58
072 A000200 6
072 B000200 413
072 C000200 136
072 D000200 0
072 E000200 0
072 F000200 885
072 G000200 0
072 H000200 0
072 I000200 1
072 J000200 44
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 -37
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 8
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 4
072 X000200 905
072 Y000200 1
072 Z000200 -355
072AA000200 5413
072BB000200 0
072CC010200 20512
072CC020200 0
072DD010200 2605
072DD020200 0
072EE000200 635
073 A010200 0.1600
073 A020200 0.0000
073 B000200 0.0400
073 C000200 0.0000
074 A000200 265
074 B000200 9800
074 C000200 2386
074 D000200 0
074 E000200 0
<PAGE> PAGE 10
074 F000200 302660
074 G000200 0
074 H000200 0
074 I000200 957
074 J000200 3759
074 K000200 0
074 L000200 854
074 M000200 4
074 N000200 320685
074 O000200 8589
074 P000200 183
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 327
074 S000200 0
074 T000200 311586
074 U010200 16482
074 U020200 0
074 V010200 18.90
074 V020200 0.00
074 W000200 0.0000
074 X000200 8
074 Y000200 0
075 A000200 0
075 B000200 243754
076 000200 0.00
024 000300 N
028 A010300 19738
028 A020300 0
028 A030300 0
028 A040300 327
028 B010300 21875
028 B020300 0
028 B030300 0
028 B040300 621
028 C010300 22493
028 C020300 0
028 C030300 0
028 C040300 3088
028 D010300 33890
028 D020300 0
028 D030300 0
028 D040300 929
028 E010300 32379
028 E020300 0
028 E030300 0
028 E040300 1997
028 F010300 31839
028 F020300 3214
<PAGE> PAGE 11
028 F030300 0
028 F040300 986
028 G010300 162214
028 G020300 3214
028 G030300 0
028 G040300 7948
028 H000300 0
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 500
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 Y
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
<PAGE> PAGE 12
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 199672
071 B000300 55631
071 C000300 181194
071 D000300 31
072 A000300 6
072 B000300 396
072 C000300 1707
072 D000300 0
072 E000300 0
072 F000300 630
072 G000300 0
072 H000300 0
072 I000300 1
072 J000300 72
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 -5
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 6
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 9
072 X000300 713
072 Y000300 3
072 Z000300 1393
072AA000300 5765
072BB000300 0
072CC010300 28914
072CC020300 0
072DD010300 2145
072DD020300 0
<PAGE> PAGE 13
072EE000300 1069
073 A010300 0.1335
073 A020300 0.0000
073 B000300 0.0665
073 C000300 0.0000
074 A000300 1415
074 B000300 0
074 C000300 29473
074 D000300 0
074 E000300 10002
074 F000300 256401
074 G000300 0
074 H000300 0
074 I000300 2015
074 J000300 5365
074 K000300 0
074 L000300 2225
074 M000300 2
074 N000300 306898
074 O000300 7689
074 P000300 152
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 156
074 S000300 0
074 T000300 298901
074 U010300 16398
074 U020300 0
074 V010300 18.23
074 V020300 0.00
074 W000300 0.0000
074 X000300 8
074 Y000300 0
075 A000300 0
075 B000300 190772
076 000300 0.00
025 D000401 0
025 A000402 MERRILL LYNCH, PIERCE, FENNER AND SMITH, INC.
025 B000402 13-5674085
025 C000402 D
025 D000402 99
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 3520
028 A020400 0
<PAGE> PAGE 14
028 A030400 0
028 A040400 393
028 B010400 5688
028 B020400 0
028 B030400 0
028 B040400 751
028 C010400 4772
028 C020400 0
028 C030400 0
028 C040400 197
028 D010400 5739
028 D020400 0
028 D030400 0
028 D040400 179
028 E010400 4292
028 E020400 0
028 E030400 0
028 E040400 588
028 F010400 4435
028 F020400 595
028 F030400 0
028 F040400 494
028 G010400 28446
028 G020400 595
028 G030400 0
028 G040400 2602
028 H000400 0
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 500
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
070 A010400 Y
<PAGE> PAGE 15
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 40210
071 B000400 17237
071 C000400 25972
071 D000400 66
072 A000400 6
072 B000400 416
072 C000400 111
072 D000400 0
072 E000400 0
072 F000400 109
072 G000400 0
072 H000400 0
072 I000400 1
072 J000400 21
072 K000400 0
072 L000400 0
<PAGE> PAGE 16
072 M000400 0
072 N000400 -1
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 3
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 3
072 X000400 136
072 Y000400 2
072 Z000400 393
072AA000400 1023
072BB000400 0
072CC010400 274
072CC020400 0
072DD010400 578
072DD020400 0
072EE000400 17
073 A010400 0.1900
073 A020400 0.0000
073 B000400 0.0100
073 C000400 0.0000
074 A000400 58
074 B000400 0
074 C000400 11019
074 D000400 8811
074 E000400 1376
074 F000400 19534
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 480
074 K000400 0
074 L000400 437
074 M000400 0
074 N000400 41715
074 O000400 105
074 P000400 26
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 29
074 S000400 0
074 T000400 41555
074 U010400 3036
074 U020400 0
074 V010400 13.69
<PAGE> PAGE 17
074 V020400 0.00
074 W000400 0.0000
074 X000400 7
074 Y000400 0
075 A000400 0
075 B000400 27364
076 000400 0.00
028 A010500 1518
028 A020500 0
028 A030500 0
028 A040500 314
028 B010500 1759
028 B020500 0
028 B030500 0
028 B040500 672
028 C010500 1770
028 C020500 0
028 C030500 0
028 C040500 621
028 D010500 1212
028 D020500 0
028 D030500 0
028 D040500 557
028 E010500 1447
028 E020500 0
028 E030500 0
028 E040500 377
028 F010500 1723
028 F020500 763
028 F030500 0
028 F040500 553
028 G010500 9429
028 G020500 763
028 G030500 0
028 G040500 3094
028 H000500 0
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 500
062 A000500 Y
062 B000500 0.0
062 C000500 20.7
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
<PAGE> PAGE 18
062 K000500 0.0
062 L000500 -0.7
062 M000500 7.7
062 N000500 0.0
062 O000500 0.0
062 P000500 72.2
062 Q000500 0.1
062 R000500 0.0
063 A000500 0
063 B000500 7.4
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
071 A000500 21892
071 B000500 17985
071 C000500 12406
071 D000500 145
072 A000500 6
072 B000500 563
072 C000500 2
072 D000500 0
072 E000500 0
072 F000500 45
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 9
072 K000500 0
072 L000500 0
072 M000500 0
072 N000500 -3
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 4
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 2
072 X000500 57
072 Y000500 0
072 Z000500 508
072AA000500 53
072BB000500 0
072CC010500 0
072CC020500 372
<PAGE> PAGE 19
072DD010500 755
072DD020500 0
072EE000500 8
073 A010500 0.4946
073 A020500 0.0000
073 B000500 0.0054
073 C000500 0.0000
074 A000500 149
074 B000500 0
074 C000500 3600
074 D000500 13870
074 E000500 0
074 F000500 10
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 490
074 K000500 0
074 L000500 464
074 M000500 0
074 N000500 18583
074 O000500 1206
074 P000500 9
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 13
074 S000500 0
074 T000500 17355
074 U010500 1618
074 U020500 0
074 V010500 10.73
074 V020500 0.00
074 W000500 0.0000
074 X000500 6
074 Y000500 10
075 A000500 0
075 B000500 13974
076 000500 0.00
024 000600 Y
025 A000601 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
025 B000601 13-5674085
025 C000601 D
025 D000601 245
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
<PAGE> PAGE 20
025 D000608 0
028 A010600 345
028 A020600 0
028 A030600 0
028 A040600 49
028 B010600 749
028 B020600 0
028 B030600 0
028 B040600 72
028 C010600 705
028 C020600 0
028 C030600 0
028 C040600 98
028 D010600 1047
028 D020600 0
028 D030600 0
028 D040600 350
028 E010600 454
028 E020600 0
028 E030600 0
028 E040600 340
028 F010600 277
028 F020600 144
028 F030600 0
028 F040600 142
028 G010600 3577
028 G020600 144
028 G030600 0
028 G040600 1051
028 H000600 0
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 500
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.3
062 M000600 0.0
062 N000600 36.1
062 O000600 0.0
062 P000600 63.6
<PAGE> PAGE 21
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 2.1
064 A000600 N
064 B000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 12323
071 B000600 9868
071 C000600 4557
071 D000600 217
072 A000600 6
072 B000600 138
072 C000600 0
072 D000600 0
072 E000600 0
<PAGE> PAGE 22
072 F000600 15
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 3
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 0
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 -2
072 X000600 16
072 Y000600 1
072 Z000600 123
072AA000600 0
072BB000600 77
072CC010600 0
072CC020600 27
072DD010600 144
072DD020600 0
072EE000600 0
073 A010600 0.2500
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 19
074 B000600 0
074 C000600 0
074 D000600 5715
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 251
074 K000600 0
074 L000600 95
074 M000600 1
074 N000600 6081
074 O000600 301
074 P000600 3
074 Q000600 0
074 R010600 0
074 R020600 0
<PAGE> PAGE 23
074 R030600 0
074 R040600 45
074 S000600 0
074 T000600 5732
074 U010600 584
074 U020600 0
074 V010600 9.81
074 V020600 0.00
074 W000600 0.0000
074 X000600 5
074 Y000600 0
075 A000600 0
075 B000600 4637
076 000600 0.00
024 000700 N
025 A000701 DELETE
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 587
028 A020700 0
028 A030700 0
028 A040700 50
028 B010700 166
028 B020700 0
028 B030700 0
028 B040700 239
028 C010700 545
028 C020700 0
028 C030700 0
028 C040700 545
028 D010700 287
028 D020700 0
028 D030700 0
028 D040700 23
028 E010700 593
028 E020700 0
028 E030700 0
028 E040700 39
028 F010700 1216
028 F020700 92
028 F030700 0
028 F040700 128
028 G010700 3394
028 G020700 92
028 G030700 0
<PAGE> PAGE 24
028 G040700 1024
028 H000700 0
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 500
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
071 A000700 2482
071 B000700 1070
071 C000700 2382
071 D000700 45
072 A000700 6
072 B000700 5
072 C000700 20
072 D000700 0
072 E000700 0
072 F000700 10
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 15
072 K000700 0
072 L000700 0
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 2
072 S000700 0
072 T000700 0
<PAGE> PAGE 25
072 U000700 0
072 V000700 0
072 W000700 2
072 X000700 29
072 Y000700 13
072 Z000700 9
072AA000700 119
072BB000700 0
072CC010700 374
072CC020700 0
072DD010700 25
072DD020700 0
072EE000700 67
073 A010700 0.0820
073 A020700 0.0000
073 B000700 0.2216
073 C000700 0.0000
074 A000700 171
074 B000700 0
074 C000700 900
074 D000700 0
074 E000700 229
074 F000700 3219
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 82
074 K000700 0
074 L000700 82
074 M000700 1
074 N000700 4684
074 O000700 188
074 P000700 3
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 13
074 S000700 0
074 T000700 4480
074 U010700 315
074 U020700 0
074 V010700 14.21
074 V020700 0.00
074 W000700 0.0000
074 X000700 2
074 Y000700 0
075 A000700 0
075 B000700 2569
076 000700 0.00
028 A010800 984
<PAGE> PAGE 26
028 A020800 9
028 A030800 0
028 A040800 1134
028 B010800 1368
028 B020800 8
028 B030800 0
028 B040800 1022
028 C010800 3227
028 C020800 12
028 C030800 0
028 C040800 2512
028 D010800 1262
028 D020800 9
028 D030800 0
028 D040800 2050
028 E010800 3104
028 E020800 11
028 E030800 0
028 E040800 2562
028 F010800 2557
028 F020800 11
028 F030800 0
028 F040800 1789
028 G010800 12502
028 G020800 60
028 G030800 0
028 G040800 11069
028 H000800 0
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 500
062 A000800 Y
062 B000800 0.0
062 C000800 47.5
062 D000800 24.8
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 30.2
062 J000800 0.0
062 K000800 0.0
062 L000800 -2.5
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
<PAGE> PAGE 27
063 A000800 7
063 B000800 0.0
064 A000800 N
064 B000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 6
072 B000800 67
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 3
072 G000800 0
<PAGE> PAGE 28
072 H000800 0
072 I000800 0
072 J000800 3
072 K000800 0
072 L000800 0
072 M000800 0
072 N000800 -1
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 2
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 3
072 X000800 10
072 Y000800 4
072 Z000800 61
072AA000800 0
072BB000800 0
072CC010800 0
072CC020800 0
072DD010800 61
072DD020800 0
072EE000800 0
073 A010800 0.0200
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 7
074 B000800 800
074 C000800 2508
074 D000800 0
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 2
074 L000800 0
074 M000800 0
074 N000800 3317
074 O000800 0
074 P000800 1
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 88
<PAGE> PAGE 29
074 S000800 0
074 T000800 3228
074 U010800 3228
074 U020800 0
074 V010800 1.00
074 V020800 0.00
074 W000800 0.9997
074 X000800 2
074 Y000800 0
075 A000800 2511
075 B000800 0
076 000800 0.00
024 000900 N
028 A010900 0
028 A020900 0
028 A030900 0
028 A040900 0
028 B010900 0
028 B020900 0
028 B030900 0
028 B040900 0
028 C010900 0
028 C020900 0
028 C030900 0
028 C040900 0
028 D010900 0
028 D020900 0
028 D030900 0
028 D040900 0
028 E010900 333
028 E020900 0
028 E030900 0
028 E040900 0
028 F010900 8
028 F020900 3
028 F030900 0
028 F040900 18
028 G010900 341
028 G020900 3
028 G030900 0
028 G040900 18
028 H000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.000
048 A010900 300000
048 A020900 0.750
048 B010900 0
048 B020900 0.000
048 C010900 0
<PAGE> PAGE 30
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 300000
048 K020900 0.650
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 500
062 A000900 Y
062 B000900 0.0
062 C000900 12.1
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 86.9
062 Q000900 0.0
062 R000900 1.0
063 A000900 0
063 B000900 6.9
064 A000900 N
064 B000900 N
066 A000900 N
<PAGE> PAGE 31
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 Y
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 389
071 B000900 94
071 C000900 275
071 D000900 34
072 A000900 2
072 B000900 4
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 0
072 G000900 0
<PAGE> PAGE 32
072 H000900 0
072 I000900 0
072 J000900 0
072 K000900 0
072 L000900 0
072 M000900 0
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 0
072 S000900 0
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 3
072 X000900 3
072 Y000900 3
072 Z000900 4
072AA000900 0
072BB000900 0
072CC010900 4
072CC020900 0
072DD010900 3
072DD020900 0
072EE000900 0
073 A010900 0.1000
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 2
074 B000900 0
074 C000900 40
074 D000900 288
074 E000900 11
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 21
074 K000900 0
074 L000900 8
074 M000900 0
074 N000900 370
074 O000900 35
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 4
<PAGE> PAGE 33
074 S000900 0
074 T000900 331
074 U010900 33
074 U020900 0
074 V010900 10.18
074 V020900 0.00
074 W000900 0.0000
074 X000900 2
074 Y000900 0
075 A000900 0
075 B000900 294
076 000900 0.00
SIGNATURE GLENN P. O'FLAHERTY
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> JANUS ASPEN GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 188,613
<INVESTMENTS-AT-VALUE> 212,008
<RECEIVABLES> 2,789
<ASSETS-OTHER> 503
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 215,300
<PAYABLE-FOR-SECURITIES> 1,920
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233
<TOTAL-LIABILITIES> 2,153
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 183,685
<SHARES-COMMON-STOCK> 14,594
<SHARES-COMMON-PRIOR> 9,436
<ACCUMULATED-NII-CURRENT> (2,152)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,306
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,308
<NET-ASSETS> 213,147
<DIVIDEND-INCOME> 964
<INTEREST-INCOME> 745
<OTHER-INCOME> 0
<EXPENSES-NET> 578
<NET-INVESTMENT-INCOME> 1,131
<REALIZED-GAINS-CURRENT> 6,050
<APPREC-INCREASE-CURRENT> 8,907
<NET-CHANGE-FROM-OPS> 16,088
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,284)
<DISTRIBUTIONS-OF-GAINS> (984)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,404
<NUMBER-OF-SHARES-REDEEMED> (540)
<SHARES-REINVESTED> 294
<NET-CHANGE-IN-ASSETS> 86,236
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,241
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 553
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 580
<AVERAGE-NET-ASSETS> 170,326
<PER-SHARE-NAV-BEGIN> 13.450
<PER-SHARE-NII> 0.380
<PER-SHARE-GAIN-APPREC> 1.070
<PER-SHARE-DIVIDEND> (0.230)
<PER-SHARE-DISTRIBUTIONS> (0.070)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.600
<EXPENSE-RATIO> 0.680
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Janus Aspen Aggressive Growth Portfolio
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 265,979
<INVESTMENTS-AT-VALUE> 315,803
<RECEIVABLES> 4,613
<ASSETS-OTHER> 269
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 320,685
<PAYABLE-FOR-SECURITIES> 8,589
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 510
<TOTAL-LIABILITIES> 9,099
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 257,403
<SHARES-COMMON-STOCK> 16,482
<SHARES-COMMON-PRIOR> 10,885
<ACCUMULATED-NII-CURRENT> (2,960)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,607
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 49,536
<NET-ASSETS> 311,586
<DIVIDEND-INCOME> 136
<INTEREST-INCOME> 413
<OTHER-INCOME> 0
<EXPENSES-NET> 904
<NET-INVESTMENT-INCOME> (355)
<REALIZED-GAINS-CURRENT> 5,413
<APPREC-INCREASE-CURRENT> 20,512
<NET-CHANGE-FROM-OPS> 25,570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,605)
<DISTRIBUTIONS-OF-GAINS> (635)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,919
<NUMBER-OF-SHARES-REDEEMED> (498)
<SHARES-REINVESTED> 176
<NET-CHANGE-IN-ASSETS> 125,675
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,829
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 885
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 905
<AVERAGE-NET-ASSETS> 243,754
<PER-SHARE-NAV-BEGIN> 17.080
<PER-SHARE-NII> (0.020)
<PER-SHARE-GAIN-APPREC> 2.040
<PER-SHARE-DIVIDEND> (0.160)
<PER-SHARE-DISTRIBUTIONS> (0.040)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.900
<EXPENSE-RATIO> 0.750
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> JANUS ASPEN WORLDWIDE GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 255,170
<INVESTMENTS-AT-VALUE> 296,735
<RECEIVABLES> 7,590
<ASSETS-OTHER> 2,571
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 306,898
<PAYABLE-FOR-SECURITIES> 7,689
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 308
<TOTAL-LIABILITIES> 7,997
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 250,718
<SHARES-COMMON-STOCK> 16,398
<SHARES-COMMON-PRIOR> 7,090
<ACCUMULATED-NII-CURRENT> (307)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,037
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42,453
<NET-ASSETS> 298,901
<DIVIDEND-INCOME> 1,707
<INTEREST-INCOME> 396
<OTHER-INCOME> 0
<EXPENSES-NET> 710
<NET-INVESTMENT-INCOME> 1,393
<REALIZED-GAINS-CURRENT> 5,765
<APPREC-INCREASE-CURRENT> 28,914
<NET-CHANGE-FROM-OPS> 36,072
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,145)
<DISTRIBUTIONS-OF-GAINS> (1,069)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,606
<NUMBER-OF-SHARES-REDEEMED> (475)
<SHARES-REINVESTED> 177
<NET-CHANGE-IN-ASSETS> 190,338
<ACCUMULATED-NII-PRIOR> 445
<ACCUMULATED-GAINS-PRIOR> 1,341
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 630
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 713
<AVERAGE-NET-ASSETS> 190,772
<PER-SHARE-NAV-BEGIN> 15.310
<PER-SHARE-NII> 0.090
<PER-SHARE-GAIN-APPREC> 3.030
<PER-SHARE-DIVIDEND> (0.130)
<PER-SHARE-DISTRIBUTIONS> (0.070)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.230
<EXPENSE-RATIO> 0.750
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Janus Aspen Balanced Portfolio
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 39,559
<INVESTMENTS-AT-VALUE> 40,740
<RECEIVABLES> 917
<ASSETS-OTHER> 58
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,715
<PAYABLE-FOR-SECURITIES> 105
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 55
<TOTAL-LIABILITIES> 160
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,286
<SHARES-COMMON-STOCK> 3,036
<SHARES-COMMON-PRIOR> 1,076
<ACCUMULATED-NII-CURRENT> (185)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,283
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,171
<NET-ASSETS> 41,555
<DIVIDEND-INCOME> 111
<INTEREST-INCOME> 416
<OTHER-INCOME> 0
<EXPENSES-NET> 134
<NET-INVESTMENT-INCOME> 393
<REALIZED-GAINS-CURRENT> 1,023
<APPREC-INCREASE-CURRENT> 274
<NET-CHANGE-FROM-OPS> 1,690
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (578)
<DISTRIBUTIONS-OF-GAINS> (17)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,110
<NUMBER-OF-SHARES-REDEEMED> (194)
<SHARES-REINVESTED> 44
<NET-CHANGE-IN-ASSETS> 27,534
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 277
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 109
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 136
<AVERAGE-NET-ASSETS> 27,364
<PER-SHARE-NAV-BEGIN> 13.030
<PER-SHARE-NII> 0.130
<PER-SHARE-GAIN-APPREC> 0.730
<PER-SHARE-DIVIDEND> (0.190)
<PER-SHARE-DISTRIBUTIONS> (0.010)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.690
<EXPENSE-RATIO> 1.000
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> JANUS ASPEN FLEXIBLE INCOME PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 17,473
<INVESTMENTS-AT-VALUE> 17,480
<RECEIVABLES> 951
<ASSETS-OTHER> 152
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,583
<PAYABLE-FOR-SECURITIES> 1,206
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22
<TOTAL-LIABILITIES> 1,228
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,291
<SHARES-COMMON-STOCK> 1,618
<SHARES-COMMON-PRIOR> 975
<ACCUMULATED-NII-CURRENT> (247)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 310
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1
<NET-ASSETS> 17,355
<DIVIDEND-INCOME> 2
<INTEREST-INCOME> 563
<OTHER-INCOME> 0
<EXPENSES-NET> 57
<NET-INVESTMENT-INCOME> 508
<REALIZED-GAINS-CURRENT> 53
<APPREC-INCREASE-CURRENT> (372)
<NET-CHANGE-FROM-OPS> 189
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (755)
<DISTRIBUTIONS-OF-GAINS> (8)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 851
<NUMBER-OF-SHARES-REDEEMED> (279)
<SHARES-REINVESTED> 71
<NET-CHANGE-IN-ASSETS> 6,524
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 265
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 57
<AVERAGE-NET-ASSETS> 13,974
<PER-SHARE-NAV-BEGIN> 11.11
<PER-SHARE-NII> 0.35
<PER-SHARE-GAIN-APPREC> (0.23)
<PER-SHARE-DIVIDEND> (0.49)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.73
<EXPENSE-RATIO> 0.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> JANUS ASPEN SHORT TERM BOND PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 5,718
<INVESTMENTS-AT-VALUE> 5,715
<RECEIVABLES> 346
<ASSETS-OTHER> 20
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,081
<PAYABLE-FOR-SECURITIES> 301
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48
<TOTAL-LIABILITIES> 349
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,811
<SHARES-COMMON-STOCK> 584
<SHARES-COMMON-PRIOR> 318
<ACCUMULATED-NII-CURRENT> (4)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (72)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3)
<NET-ASSETS> 5,732
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 138
<OTHER-INCOME> 0
<EXPENSES-NET> 15
<NET-INVESTMENT-INCOME> 123
<REALIZED-GAINS-CURRENT> (77)
<APPREC-INCREASE-CURRENT> (27)
<NET-CHANGE-FROM-OPS> 19
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (144)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 357
<NUMBER-OF-SHARES-REDEEMED> (106)
<SHARES-REINVESTED> 15
<NET-CHANGE-IN-ASSETS> 2,545
<ACCUMULATED-NII-PRIOR> 16
<ACCUMULATED-GAINS-PRIOR> 5
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16
<AVERAGE-NET-ASSETS> 4,637
<PER-SHARE-NAV-BEGIN> 10.030
<PER-SHARE-NII> 0.190
<PER-SHARE-GAIN-APPREC> (0.160)
<PER-SHARE-DIVIDEND> (0.250)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.810
<EXPENSE-RATIO> 0.670
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> JANUS ASPEN INTERNATIONAL PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 3,666
<INVESTMENTS-AT-VALUE> 4,348
<RECEIVABLES> 154
<ASSETS-OTHER> 182
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,684
<PAYABLE-FOR-SECURITIES> 188
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16
<TOTAL-LIABILITIES> 204
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,680
<SHARES-COMMON-STOCK> 315
<SHARES-COMMON-PRIOR> 135
<ACCUMULATED-NII-CURRENT> (6)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 113
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 693
<NET-ASSETS> 4,480
<DIVIDEND-INCOME> 20
<INTEREST-INCOME> 5
<OTHER-INCOME> 0
<EXPENSES-NET> 16
<NET-INVESTMENT-INCOME> 9
<REALIZED-GAINS-CURRENT> 119
<APPREC-INCREASE-CURRENT> 374
<NET-CHANGE-FROM-OPS> 502
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25)
<DISTRIBUTIONS-OF-GAINS> (67)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 253
<NUMBER-OF-SHARES-REDEEMED> (79)
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> 2,872
<ACCUMULATED-NII-PRIOR> 9
<ACCUMULATED-GAINS-PRIOR> 62
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 29
<AVERAGE-NET-ASSETS> 2,569
<PER-SHARE-NAV-BEGIN> 11.950
<PER-SHARE-NII> 0.210
<PER-SHARE-GAIN-APPREC> 2.350
<PER-SHARE-DIVIDEND> (0.080)
<PER-SHARE-DISTRIBUTIONS> (0.220)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.210
<EXPENSE-RATIO> 2.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Janus Aspen Money Market Portfolio
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 3,308
<INVESTMENTS-AT-VALUE> 3,308
<RECEIVABLES> 2
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,317
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 89
<TOTAL-LIABILITIES> 89
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,228
<SHARES-COMMON-STOCK> 3,228
<SHARES-COMMON-PRIOR> 1,735
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 3,228
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 67
<OTHER-INCOME> 0
<EXPENSES-NET> 6
<NET-INVESTMENT-INCOME> 61
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 61
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (61)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,502
<NUMBER-OF-SHARES-REDEEMED> (11,069)
<SHARES-REINVESTED> 60
<NET-CHANGE-IN-ASSETS> 1,493
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10
<AVERAGE-NET-ASSETS> 2,511
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.500
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated June 30, 1996 included in the Fund's Semiannual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> JANUS ASPEN HIGH-YIELD PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 335
<INVESTMENTS-AT-VALUE> 339
<RECEIVABLES> 29
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 370
<PAYABLE-FOR-SECURITIES> 35
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4
<TOTAL-LIABILITIES> 39
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 326
<SHARES-COMMON-STOCK> 33
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4
<NET-ASSETS> 331
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 4
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 4
<NET-CHANGE-FROM-OPS> 8
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34
<NUMBER-OF-SHARES-REDEEMED> (1)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 331
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3
<AVERAGE-NET-ASSETS> 294
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.120
<PER-SHARE-GAIN-APPREC> 0.160
<PER-SHARE-DIVIDEND> (0.100)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.180
<EXPENSE-RATIO> 7.53
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
