SUPPLEMENT
TO THE
STATEMENT OF ADDITIONAL INFORMATION (SAI)
DATED MAY 1, 2000, AS AMENDED MAY 11, 2000
FOR
JNL SERIES TRUST
On page 35 of the SAI for the JNL Trust Series dated May 1, 2000, as
amended May 11, 2000, the fourth paragraph on the page, referring to Janus
Capital Corporation (Janus Capital), should be deleted and replaced in its
entirety with the following paragraph:
"Janus Capital Corporation (Janus Capital), a Colorado corporation with
principal offices at 100 Fillmore Street, Denver, Colorado 80206, serves as
sub-adviser to the JNL/Janus Aggressive Growth Series, the
JNL/JanusBalanced Series, the JNL/Janus Capital Growth Series, the
JNL/Janus Global Equities Series, and the JNL/Janus Growth & Income Series.
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 Stillwell, selects a least a majority of Janus
Capital's Board subject to the approval of Stilwell, which approval cannot be
unreasonably withheld."
This Supplement is dated July 20, 2000
