JANUS ASPEN SERIES

                         Supplement Dated June 3, 1996
                        to Prospectus Dated May 1, 1996

THIS  SUPPLEMENT IS INTENDED TO BE USED WITH THE  PROSPECTUS  DATED MAY 1, 1996.
THIS  SUPPLEMENT,  TOGETHER  WITH THE  PROSPECTUS  PREVIOUSLY  FURNISHED TO YOU,
CONSTITUTE A CURRENT  PROSPECTUS.  TO REQUEST  ANOTHER  COPY OF THE  PROSPECTUS,
PLEASE CALL YOUR INSURANCE COMPANY.


Effective  June 3, 1996 through April 30, 1997,  Janus Capital  Corporation  has
reduced the expense limit of International  Growth Portfolio from 2.50% to 1.25%
of average net assets.



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