Janus Announces Investment Team Appointments.

DENVER -- Gary Black, CEO and Chief Investment Officer of Janus Capital Group (NYSE: JNS), today announced the following investment team changes that will take effect June 30, 2006, at the close of the New York Stock Exchange:

--After 14 years with Janus, Claire Young, portfolio manager of Janus Olympus Fund and Janus World Funds Plc - U.S. All Cap Growth Fund, is retiring from professional money management to devote more time to her family and philanthropic pursuits. Ron Sachs, portfolio manager of Janus Orion Fund, will assume portfolio management of both Janus Olympus Fund and World Funds Plc - U.S. All Cap Growth Fund. Janus Orion Fund will continue to be managed by 10-year Janus veteran Sachs, who has run the fund since its inception in June 2000. During that time, Janus Orion Fund has earned an overall five-star rating from Morningstar, out of 818 mid-cap growth funds, based on risk-adjusted returns, as of May 31, 2006. For the five-year period ending May 31, 2006, Janus Orion ranked in Lipper's top 3rd percentile (7th out of 287 funds) in the multi-cap growth category based on total returns. (Please see the accompanying tables for complete ratings, rankings and performance.)

--Janus research analysts Brian Schaub and Chad Meade will become co-managers of Janus Triton Fund, a small- and mid-cap growth fund introduced in February 2005. They will succeed portfolio manager Blaine Rollins, who has decided to retire from professional money management business after 16 years with Janus to devote more time to personal pursuits. Schaub has specialized in analyzing small- and mid-cap equities since joining Janus in 2000. He graduated cum laude from Williams College with a bachelor's degree in economics and has earned the right to use the Chartered Financial Analyst designation. Meade, a former financial analyst for Goldman Sachs' global investment research team, came to Janus in 2001. Meade graduated summa cum laude from Virginia Polytechnic Institute and State University with a bachelor's degree in finance. Both Schaub and Meade have been integral members of Janus' small- and mid-cap growth team and, working closely with small-cap portfolio manager Will Bales, have assisted in managing Janus' institutional small-cap portfolio.

"Claire and Blaine have had long, distinguished careers at Janus and we wish them well in their future endeavors," Black said. "Although we'll miss them, they leave behind a strong team with exceptional talent that is ready to deliver for shareholders."

About Janus Capital Group Inc.

Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) is a recognized leader of growth and risk-managed investment strategies. Our commitment to deliver for investors is rooted in our research-intensive approach and relentless passion to gain a competitive edge.

At the end of March 2006, Janus managed approximately $158 billion in assets for more than 4 million shareholders, clients and institutions around the globe. Outside the U.S., Janus has offices in London, Milan, Tokyo and Hong Kong. Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH) and Capital Group Partners, Inc. (doing business as Rapid Solutions Group). In addition, Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC.

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call Janus at 1-800-525-3713 or download the file from janus.com. Read it carefully before you invest or send money.

Data presented reflects past performance, which is no guarantee of future results.

Janus Distributors LLC 151 Detroit Street Denver, CO 80206 (6/06)

C0606-99

Janus Investment Fund                  Lipper Rankings Based
                                   on Total Returns as of 5/31/06
                              ----------------------------------------
                                     1-Year              3-Year
                              ----------------------------------------
              PM              Percentile  Rank /  Percentile  Rank /
          ----------
          Inception  Lipper     Rank (%)  Total     Rank (%)  Total
                     Category             Funds               Funds
          ------------------------------------------------------------
Janus       Aug-97  Multi-Cap
 Olympus             Growth
 Fund                Funds        56    233 / 420     53    188 / 358
Janus       Jun-00  Multi-Cap
 Orion               Growth
 Fund                Funds         4     16 / 420      3      8 / 358
Janus       Feb-06  Small-Cap
 Triton              Growth
 Fund                Funds         7     35 / 534      -        -



Janus Investment Fund                   Lipper Rankings Based
                                   on Total Returns as of 5/31/06
                              ----------------------------------------
                                     5-Year             10-Year
                              ----------------------------------------
              PM              Percentile  Rank /  Percentile  Rank /
          ----------
          Inception  Lipper     Rank (%)  Total     Rank (%)  Total
                     Category             Funds               Funds
          ------------------------------------------------------------
Janus       Aug-97  Multi-Cap
 Olympus             Growth
 Fund                Funds        63    179 / 287     29     27 / 95
Janus       Jun-00  Multi-Cap
 Orion               Growth
 Fund                Funds         3      7 / 287      -        -
Janus       Feb-06  Small-Cap
 Triton              Growth
 Fund                Funds         -        -          -        -



Janus Investment Fund         Lipper Rankings Based
                                on Total Returns
                                 as of 5/31/06
                              --------------------
                               Since PM Inception
                              --------------------
              PM              Percentile  Rank /
          ----------
          Inception  Lipper     Rank (%)  Total
                     Category             Funds
          ----------------------------------------
Janus       Aug-97  Multi-Cap
 Olympus             Growth
 Fund                Funds        18     23 / 134
Janus       Jun-00  Multi-Cap
 Orion               Growth
 Fund                Funds        31     69 / 226
Janus       Feb-06  Small-Cap
 Triton              Growth
 Fund                Funds        32    181 / 572

Lipper Inc. - A Reuters Company, is a nationally recognized
 organization that ranks the performance of mutual funds within a
 universe of funds that have similar investment objectives.
Rankings are historical with capital gains and dividends reinvested.

Data presented reflects past performance, which is no guarantee of
 future results.
Janus Investment Fund    Based on risk-adjusted returns, the Overall
(as of 5/31/06)          Morningstar Rating(TM) is derived from a
                         weighted average of the performance figures
                         associated with its three-, five-, and
                         ten-year (if applicable) Morningstar
                         Rating(TM) metrics.

                      Overall    Three-Year    Five-Year    Ten-Year
                       Rating      Rating        Rating      Rating
                    --------------------------------------------------
 Fund     Category  Stars  # of  Stars  # of  Stars  # of  Stars # of
                           Funds        Funds        Funds       Funds
----------------------------------------------------------------------

----------------------------------------------------------------------
Janus     Large     three  1379  four   1379  three  1086  three  400
 Olympus   Growth   stars        stars        stars        stars
 Fund      Funds
Janus     Mid-Cap   five   818   five   818   five   640   N/A    --
 Orion     Growth   stars        stars        stars
 Fund      Funds
Janus     Small     N/A    --    N/A    --    N/A    --    N/A    --
 Triton    Growth
 Fund(a)   Funds

(a) Morningstar does not yet rate this Fund as it is less than
    3 years old.

Data presented reflects past performance, which is no guarantee of
 future results.
For each fund with at least a three-year history, Morningstar
 calculates a Morningstar Rating(TM) based on a Morningstar
 Risk-Adjusted Return measure that accounts for variation in a
 fund's monthly performance (including the effects of sales charges,
 loads, and redemption fees), placing more emphasis on downward
 variations and rewarding consistent performance.  The top 10% of the
 funds in each category receive 5 stars, the next 22.5% receive 4
 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars,
 and the bottom 10% receive 1 star.  (Each share class is counted as a
 fraction of one fund within this scale and rated separately, which
 may cause slight variations in the distribution percentages.)  The
 Overall Morningstar Rating(TM) for a fund is derived from a weighted
 average of the performance figures associated with its three-, five-
 and ten-year (if applicable) Morningstar Rating(TM) metrics.
Janus Investment Fund
                                         Average Annual Total Returns
                                            (%) for Periods Ended
                                                   3/31/06(1)
                                         -----------------------------
                         Inception                             Life of
                            Date   1 Year 3 Year 5 Year 10 Year  Fund
                         ---------------------------------------------
Growth Funds
----------------------------------------------------------------------
Janus Fund(2)               2/70   12.80  15.50  (0.25)  6.68   13.88
Janus Twenty Fund(3,4)      4/85   21.41  20.70   4.53  10.68   13.46
Janus Mercury Fund(5)       5/93   15.35  17.95   1.34   8.99   12.78
Janus Olympus Fund         12/95   24.43  19.67   2.59  11.07   11.95
Janus Enterprise Fund(6)    9/92   23.42  25.35   4.74   7.03   11.72
Janus Venture Fund(3,6,7)   4/85   24.90  31.29  12.38   9.95   13.92
Janus Orion Fund(8,9)       6/00   34.09  31.81  11.41     --   (1.17)
----------------------------------------------------------------------
Janus Research Fund(10)     2/05   31.71     --     --     --   26.54
----------------------------------------------------------------------
Janus Triton
 Fund(4,6,7,10,12,13)       2/05   36.27     --     --     --   33.28
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Growth and Income
 Fund                       5/91   20.62  19.11   4.80  12.05   13.79
Janus Balanced Fund         9/92   13.84  11.78   5.45  10.25   11.41
Janus Contrarian
 Fund(8,14,15)              2/00   31.88  35.15  11.64     --    9.61
Janus Core Equity
 Fund(14)                   6/96   26.43  21.41   6.93     --   13.43
INTECH Risk-Managed Stock
 Fund(14,16,17,18)          2/03   14.95  21.50     --     --   20.93
----------------------------------------------------------------------
International/Global
 Funds
----------------------------------------------------------------------
Janus Worldwide Fund(17)    5/91   11.67  16.66   0.04   6.95   11.07
Janus Overseas
 Fund(8,14,17,19,20)        5/94   58.06  42.13  12.66  14.06   14.37
Janus Global Life
 Sciences Fund(4,14,17)    12/98   22.56  19.03   5.96     --   10.89
Janus Global Technology
 Fund(7,8,14,17,21,22)     12/98   28.12  22.11  (1.86)    --    3.78
Janus Global
 Opportunities Fund(17)     6/01    8.52  25.00     --     --    9.65
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Small Cap Value
 Fund - Inv.(3,6,23)       10/87   16.11  23.61  12.38  16.06   14.73
Janus Mid Cap Value Fund
 - Inv.(12,14,23)           8/98   15.98  25.49  14.30     --   18.08
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Flexible Bond
 Fund(14,24,25,26,27)       7/87    2.12   3.08   5.04   6.14    7.52
Janus High-Yield
 Fund(14,17,24,25,28)      12/95    7.28   8.80   6.82   7.66    8.21
Janus Short-Term Bond
 Fund(10,14,24,25,29)       9/92    2.74   2.35   3.14   4.84    4.66
Janus Federal Tax-Exempt
 Fund(10,14,24,25,29)       5/93    3.53   2.56   3.92   4.41    4.54
----------------------------------------------------------------------

Data presented reflects past performance, which is no guarantee of
 future results. Investment results and principal value will fluctuate
 so that shares, when redeemed, may be worth more or less than their
 original cost. Due to market volatility, current performance may be
 higher or lower than the performance shown.  Call 1-800-975-9932 or
 visit www.janus.com for performance current to the most recent month-
 end.

See notes to performance on the following page.
Total return includes reinvestment of dividends and capital gains.

(1)  All figures unaudited.
(2)  Effective February 1, 2006, Blaine Rollins is no longer the
     Portfolio Manager of Janus Fund and David Corkins is now the
     Portfolio Manager.
(3)  Closed to new investors.
(4)  Returns have sustained significant gains and losses due to
     market volatility in the healthcare sector.
(5)  Effective February 1, 2006, David Corkins is no longer the
     Portfolio Manager of Janus Mercury Fund and a research team now
     selects the investments for Janus Mercury Fund led by Director of
     Research, James Goff.
(6)  Funds that emphasize investments in smaller companies may
     experience greater price volatility.
(7)  This Fund has been significantly impacted, either positively
     or negatively, by investing in initial public offerings (IPOs).
(8)  This Fund may have significant exposure to emerging markets.
     In general, emerging market investments have historically been
     subject to significant gains and/or losses. As such, the Fund's
     returns and NAV may be subject to such volatility.
(9)  The Fund held approximately 10.6% of its assets in Brazilian
     securities, as of March 31, 2006, and the Fund has experienced
     significant gains due, in part, to its investments in Brazil.
     While holdings are subject to change without notice, the Fund's
     returns and NAV may be affected to a large degree by fluctuations
     in currency exchange rates or political or economic conditions in
     Brazil.
(10) Janus Capital has contractually agreed to waive each Fund's
     total operating expenses to the levels indicated in the Statement
     of Additional Information until at least March 1, 2007. Total
     returns and yields shown include fee waiters, if any, and without
     such waivers, the Fund's yield and total returns would have been
     lower.
(11) A fund's performance for very short time periods may not be
     indicative of future performance.
(12) Due to certain investment strategies, some funds may have an
     increased position in cash.
(13) Effective February 1, 2006, Ron Sachs is no longer the Portfolio
     Manager of Janus Triton Fund and Blaine Rollins is now the
     Portfolio Manager.
(14) The Fund will invest at least 80% of its net assets in the type
     of securities described by its name.
(15) The Fund held approximately 17.6% of its assets in Indian
     securities as of March 31, 2006, and the Fund has experienced
     significant gains due, in part, to its investments in India.
     While holdings are subject to change without notice, the Fund's
     returns and NAV may be affected to a large degree by fluctuations
     in currency exchange rates or political or economic conditions in
     India.
(16) Effective February 28, 2006, Janus Risk-Managed Stock Fund
     changed its name to INTECH Risk-Managed Stock Fund.
(17) A 2% redemption fee may be imposed on shares held for 3 months or
     less. Performance shown does not reflect this redemption fee and,
     if reflected, performance would have been lower.
(18) For certain periods, the Fund's performance reflects the effect
     of expense waivers. Without the effect of expense waivers, the
     performance shown would have been lower.
(19) Returns have sustained significant gains due to market
     volatility in the financials sector.
(20) The Fund held approximately 15.9% and 13.2% of its assets in
     Indian and Brazilian securities, respectively, as of March 31,
     2006, and the Fund has experienced significant gains due, in
     part, to its investments in India and Brazil. While holdings are
     subject to change without notice, the Fund's returns and NAV may
     be affected to a large degree by fluctuations in currency
     exchange rates or political or economic conditions in India
     and/or Brazil.
(21) Effective February 1, 2006, Mike Lu is no longer the Portfolio
     Manager of Janus Global Technology Fund, and a team of technology
     analysts selects investments for the Fund. Bradley Slingerlend
     and Burton Wilson lead the team and are jointly and primarily
     responsible for the day-to-day management of Janus Global
     Technology Fund.
(22) Returns have sustained significant gains due to market volatility
     in the information technology sector.
(23) Returns shown for Janus Mid Cap Value Fund prior to April 21,
     2003, are those of Berger Mid Cap Value Fund. Returns shown for
     Janus Small Cap Value Fund prior to April 21, 2003 are those of
     Berger Small Cap Value Fund.
(24) Bond funds have the same interest rate, inflation, and credit
     risks that are associated with the underlying bonds owned by the
     Fund. Unlike owning individual bonds, there are ongoing fees and
     expenses associated with owning shares of bonds funds. The return
     of principal is not guaranteed due to net asset value fluctuation
     that is caused by changes in the price of specific bonds held in
     the Fund and selling of bonds within the fund by the Portfolio
     Manager.
(25) As of March 31, 2006, 30-day SEC Yield was 3.93% on Janus Federal
     Tax-Exempt Fund, 4.52% on Janus Flexible Bond Fund, 7.16% on
     Janus High-Yield Fund and 4.48% on Janus Short-Term Bond Fund.
(26) Adviser has agreed to waive a portion of the Fund's expenses if
     they exceed the designated cap. If during the periods shown, the
     Fund's actual expenses exceeded the cap, its yield and total
     return and yield would have been lower.
(27) The Fund's total operating expenses did not exceed the expense
     limit so no waivers were in effect for the most recent period
     presented.
(28) High-yield bonds involve a greater risk of default and price
     volatility than U.S. Government and other high quality bonds.
     High-yield/high-risk bonds can experience sudden and sharp price
     swings which will affect net asset value. Due to a onetime
     payment added to the fund, the yield experienced a positive
     fluctuation. There is no guarantee of any future payments to the
     fund.
(29) Income may be subject to state or local taxes and to a limited
     extent certain federal tax. Capital gains are subject to federal,
     state and local taxes.

Differences between compared investments may include objectives,
sales and management fees, liquidity, volatility, tax features and
other features, which may result in differences in performance.

A fund's performance may be affected by risks that include those
associated with non-diversification, investments in foreign securities
and emerging markets, non-investment grade debt securities,
undervalued or overlooked companies, companies with a relatively small
market capitalizations and investments in specific industries or
countries. Please see a Janus prospectus or janus.com for more
information about fund holdings and details.