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<PAGE> PAGE 21
024 000600 Y
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
070 P010700 N
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
070 H010800 N
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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SIGNATURE GLENN P. O'FLAHERTY
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
[DESCRIPTION] FDS JANUS ASPEN GROWTH PORTFOLIO
[TEXT]
<ARTICLE> 6
<LEGEND> This schedule contains summary financial information
extracted from financial statements dated December 31, 1996 included in the
Fund's Annual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> JANUS ASPEN GROWTH PORTFOLIO
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND> This schedule contains summary financial information
extracted from financial statements dated December 31, 1996 included in the
Fund's Annual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 002
<NAME> Aspen Aggressive Growth Portfolio
<MULTIPLIER> 1,000
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND> This schedule contains summary financial information
extracted from financial statements dated December31, 1996 included in the
Fund's Annual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 003
<NAME> JANUS ASPEN WORLDWIDE GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
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<NET-CHANGE-IN-ASSETS> 474,040
<ACCUMULATED-NII-PRIOR> 445
<ACCUMULATED-GAINS-PRIOR> 1,341
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,014
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,440
<AVERAGE-NET-ASSETS> 304,111
<PER-SHARE-NAV-BEGIN> 15.310
<PER-SHARE-NII> 0.160
<PER-SHARE-GAIN-APPREC> 4.270
<PER-SHARE-DIVIDEND> (0.170)
<PER-SHARE-DISTRIBUTIONS> (0.130)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.440
<EXPENSE-RATIO> 1.000
<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 December 31, 1996 included in the
Fund's Annual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<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-01-1996
<PERIOD-END> DEC-31-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 82,670
<INVESTMENTS-AT-VALUE> 87,207
<RECEIVABLES> 1,782
<ASSETS-OTHER> 40
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89,029
<PAYABLE-FOR-SECURITIES> 3,347
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 202
<TOTAL-LIABILITIES> 3,549
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,031
<SHARES-COMMON-STOCK> 5,789
<SHARES-COMMON-PRIOR> 1,076
<ACCUMULATED-NII-CURRENT> 114
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,758
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,577
<NET-ASSETS> 85,480
<DIVIDEND-INCOME> 348
<INTEREST-INCOME> 1,323
<OTHER-INCOME> 0
<EXPENSES-NET> 401
<NET-INVESTMENT-INCOME> 1,270
<REALIZED-GAINS-CURRENT> 1,768
<APPREC-INCREASE-CURRENT> 3,680
<NET-CHANGE-FROM-OPS> 6,718
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,165)
<DISTRIBUTIONS-OF-GAINS> (278)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,179
<NUMBER-OF-SHARES-REDEEMED> (567)
<SHARES-REINVESTED> 101
<NET-CHANGE-IN-ASSETS> 71,459
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 277
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 345
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 406
<AVERAGE-NET-ASSETS> 43,414
<PER-SHARE-NAV-BEGIN> 13.030
<PER-SHARE-NII> 0.320
<PER-SHARE-GAIN-APPREC> 1.810
<PER-SHARE-DIVIDEND> (0.300)
<PER-SHARE-DISTRIBUTIONS> (0.090)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.770
<EXPENSE-RATIO> 0.940
<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 December 31, 1996 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 005
<NAME> 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> DEC-31-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 24,047
<INVESTMENTS-AT-VALUE> 24,698
<RECEIVABLES> 545
<ASSETS-OTHER> 96
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25,339
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24
<TOTAL-LIABILITIES> 24
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24,297
<SHARES-COMMON-STOCK> 2,252
<SHARES-COMMON-PRIOR> 975
<ACCUMULATED-NII-CURRENT> 46
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS> 322
<OVERDISTRIBUTION-GAINS>0
<ACCUM-APPREC-OR-DEPREC> 650
<NET-ASSETS> 25,315
<DIVIDEND-INCOME> 9
<INTEREST-INCOME> 1,446
<OTHER-INCOME>0
<EXPENSES-NET> 148
<NET-INVESTMENT-INCOME> 1,307
<REALIZED-GAINS-CURRENT> 324
<APPREC-INCREASE-CURRENT> 277
<NET-CHANGE-FROM-OPS> 1,908
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME> (1,255)
<DISTRIBUTIONS-OF-GAINS> (272)
<DISTRIBUTIONS-OTHER>0
<NUMBER-OF-SHARES-SOLD> 1,853
<NUMBER-OF-SHARES-REDEEMED> (715)
<SHARES-REINVESTED> 139
<NET-CHANGE-IN-ASSETS> 14,484
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 265
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 114
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 150
<AVERAGE-NET-ASSETS> 17,889
<PER-SHARE-NAV-BEGIN> 11.11
<PER-SHARE-NII> 0.74
<PER-SHARE-GAIN-APPREC> 0.24
<PER-SHARE-DIVIDEND> (0.72)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.24
<EXPENSE-RATIO> 0.840
<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 December 31, 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> DEC-31-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 11,710
<INVESTMENTS-AT-VALUE> 11,705
<RECEIVABLES> 120
<ASSETS-OTHER> 102
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,927
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26
<TOTAL-LIABILITIES> 26
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,866
<SHARES-COMMON-STOCK> 1,193
<SHARES-COMMON-PRIOR> 318
<ACCUMULATED-NII-CURRENT> 36
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4)
<NET-ASSETS> 11,901
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 436
<OTHER-INCOME> 0
<EXPENSES-NET> 47
<NET-INVESTMENT-INCOME> 389
<REALIZED-GAINS-CURRENT> 4
<APPREC-INCREASE-CURRENT> (28)
<NET-CHANGE-FROM-OPS> 365
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (370)
<DISTRIBUTIONS-OF-GAINS> (6)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,398
<NUMBER-OF-SHARES-REDEEMED> (561)
<SHARES-REINVESTED> 38
<NET-CHANGE-IN-ASSETS> 8,714
<ACCUMULATED-NII-PRIOR> 16
<ACCUMULATED-GAINS-PRIOR> 5
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 61
<AVERAGE-NET-ASSETS> 7,168
<PER-SHARE-NAV-BEGIN> 10.030
<PER-SHARE-NII> 0.420
<PER-SHARE-GAIN-APPREC> (0.030)
<PER-SHARE-DIVIDEND> (0.440)
<PER-SHARE-DISTRIBUTIONS> (0.010)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.970
<EXPENSE-RATIO> 0.660
<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 December 31, 1996 included in the
Fund's Semiannual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 007
<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> DEC-31-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 24,727
<INVESTMENTS-AT-VALUE> 26,678
<RECEIVABLES> 406
<ASSETS-OTHER> 190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27,274
<PAYABLE-FOR-SECURITIES> 45
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37
<TOTAL-LIABILITIES> 82
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24,992
<SHARES-COMMON-STOCK> 1,730
<SHARES-COMMON-PRIOR> 135
<ACCUMULATED-NII-CURRENT> 12
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 207
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,981
<NET-ASSETS> 27,192
<DIVIDEND-INCOME> 46
<INTEREST-INCOME> 93
<OTHER-INCOME> 0
<EXPENSES-NET> 93
<NET-INVESTMENT-INCOME> 46
<REALIZED-GAINS-CURRENT> 261
<APPREC-INCREASE-CURRENT> 1,663
<NET-CHANGE-FROM-OPS> 1,970
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (76)
<DISTRIBUTIONS-OF-GAINS> (83)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,817
<NUMBER-OF-SHARES-REDEEMED> (233)
<SHARES-REINVESTED> 11
<NET-CHANGE-IN-ASSETS> 25,584
<ACCUMULATED-NII-PRIOR> 9
<ACCUMULATED-GAINS-PRIOR> 62
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 55
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 145
<AVERAGE-NET-ASSETS> 7,437
<PER-SHARE-NAV-BEGIN> 11.950
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 4.060
<PER-SHARE-DIVIDEND> (0.110)
<PER-SHARE-DISTRIBUTIONS> (0.230)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.720
<EXPENSE-RATIO> 1.260
<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 December 31, 1996 included in the
Fund's Annual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 008
<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-01-1996
<PERIOD-END> DEC-31-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 6,109
<INVESTMENTS-AT-VALUE> 6,109
<RECEIVABLES> 3
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,115
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9
<TOTAL-LIABILITIES> 9
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,106
<SHARES-COMMON-STOCK> 6,106
<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> 6,106
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 202
<OTHER-INCOME> 0
<EXPENSES-NET> 19
<NET-INVESTMENT-INCOME> 183
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 183
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (183)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 28,902
<NUMBER-OF-SHARES-REDEEMED> (24,715)
<SHARES-REINVESTED> 184
<NET-CHANGE-IN-ASSETS> 4,371
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 29
<AVERAGE-NET-ASSETS> 3,715
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.050)
<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>
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 December 31, 1996, and is included in the Fund's Annual Report qualified
in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 009
<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> AUG-31-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 738
<INVESTMENTS-AT-VALUE> 764
<RECEIVABLES> 32
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 807
<PAYABLE-FOR-SECURITIES> 15
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9
<TOTAL-LIABILITIES> 24
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 749
<SHARES-COMMON-STOCK> 72
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 26
<NET-ASSETS> 783
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 29
<OTHER-INCOME> 0
<EXPENSES-NET> 3
<NET-INVESTMENT-INCOME> 26
<REALIZED-GAINS-CURRENT> 6
<APPREC-INCREASE-CURRENT> 26
<NET-CHANGE-FROM-OPS> 58
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (24)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140
<NUMBER-OF-SHARES-REDEEMED> (70)
<SHARES-REINVESTED> 2
<NET-CHANGE-IN-ASSETS> 783
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19
<AVERAGE-NET-ASSETS> 459
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.430
<PER-SHARE-GAIN-APPREC> 0.800
<PER-SHARE-DIVIDEND> (0.400)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.830
<EXPENSE-RATIO> 1.010
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
