JANUS ASPEN SERIES
Service Shares
Strategic Value Portfolio
Supplement Dated July 28, 2000, to
Statement of Additional Information Dated May 1, 2000
THIS INFORMATION SUPPLEMENTS THE STATEMENT OF ADDITIONAL INFORMATION FOR
THE SERVICE SHARES OF THE STRATEGIC VALUE PORTFOLIO 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 22 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 23 of the Statement of
Additional Information, DST Systems, Inc., is now a subsidiary of Stilwell, and
not of KSCI.
