JANUS ASPEN SERIES
Institutional Shares
Supplement dated December 31, 2000,
to Prospectus dated May 1, 2000
THIS INFORMATION SUPPLEMENTS THE PROSPECTUS FOR THE INSTITUTIONAL SHARES OF
JANUS ASPEN SERIES DATED MAY 1, 2000. THIS SUPPLEMENT, ANY PREVIOUS
SUPPLEMENT(S) AND THE PROSPECTUS TOGETHER CONSTITUTE A CURRENT PROSPECTUS. TO
REQUEST ANOTHER COPY OF THE PROSPECTUS, PLEASE CONTACT YOUR INSURANCE COMPANY OR
PLAN SPONSOR.
The following information supplements the information under "Management of the
Portfolios - Portfolio Managers":
Effective December 31, 2000, Laurence J. Chang will no longer be an Executive
Vice President or a co-manager of International Growth Portfolio and Janus
Overseas Fund, and Brent A. Lynn will become an Executive Vice President and a
co-manager of International Growth Portfolio and Janus Overseas Fund. Mr. Lynn
joined Janus Capital in 1991 as a research analyst. He holds a Bachelor of Arts
degree in Economics and a Masters degree in Economics and Industrial Engineering
from Stanford University. Mr. Lynn has earned the right to use the Chartered
Financial Analyst designation. Mr. Chang will continue his role as an Executive
Vice President and a co-manager of Worldwide Growth Portfolio and Janus
Worldwide Fund.
Effective December 31, 2000, Sharon S. Pichler will no longer be Executive Vice
President and portfolio manager of Money Market Portfolio, and Ms. Pichler will
become Executive Vice President and portfolio manager of Janus Federal
Tax-Exempt Fund. Ms. Pichler's biographical information currently appears in the
Prospectus.
Effective December 31, 2000, J. Eric Thorderson will become Executive Vice
President and portfolio manager of Money Market Portfolio. Mr. Thorderson is
also Executive Vice President and portfolio manager of Janus Government Money
Market Fund, which he has managed since February 1999. He joined Janus Capital
in May 1996 as a research analyst. Prior to joining Janus Capital, he was a
portfolio manager for USAA Investment Management Company. He holds a Bachelor of
Arts degree in Business Administration from Wayne State University and a Masters
degree in Business Administration from the University of Illinois. Mr.
Thorderson has earned the right to use the Chartered Financial Analyst
designation.
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