JANUS ASPEN SERIES
Institutional Shares
Supplement Dated July 28, 2000, to
Statement of Additional Information Dated May 1, 2000
THIS INFORMATION SUPPLEMENTS THE STATEMENT OF ADDITIONAL INFORMATION FOR
THE INSTITUTIONAL SHARES OF JANUS ASPEN SERIES DATED MAY 1, 2000. THIS
SUPPLEMENT, TOGETHER WITH THE STATEMENT OF ADDITIONAL INFORMATION, CONSTITUTES A
CURRENT STATEMENT OF ADDITIONAL INFORMATION. TO REQUEST ANOTHER COPY OF THE
STATEMENT OF ADDITIONAL INFORMATION, PLEASE CONTACT YOUR INSURANCE COMPANY OR
PLAN SPONSOR.
The following replaces the first and second full paragraphs on page 24 of
the Statement of Additional Information:
Effective July 12, 2000, Janus Capital is owned in part by Stilwell
Financial Inc. ("Stilwell"), which owns approximately 81.5% of the
outstanding voting stock of Janus Capital. Stilwell is a publicly traded
holding company with principal operations in financial asset management
businesses. Thomas H. Bailey, President and Chairman of the Board of Janus
Capital, owns approximately 12% of Janus Capital's voting stock and, by
agreement with Stilwell, selects at least a majority of Janus Capital's
Board, subject to the approval of Stilwell, which approval cannot be
unreasonably withheld.
With respect to the third paragraph on page 25 of the Statement of
Additional Information, DST Systems, Inc., is now a subsidiary of Stilwell, and
not of KSCI.
