Janus Announces April Assets Under Management

Company Release - 5/6/2003 4:30 PM ET

DENVER--(BUSINESS WIRE)--May 6, 2003--At the close of the market on April 30, 2003, Janus Capital Group Inc. (NYSE: JNS) reported total assets under management of approximately $141.4 billion, up 6.6% from the end of March.

Janus Capital Group's average assets under management during April were approximately $137.9 billion, an increase of 3.1% from average assets during March.

For the 12 months ended April 30, 2003, 50% of the mutual funds and 64% of the mutual fund assets managed by Janus Capital Group subsidiaries ranked in Lipper's first and second quartiles.(a) (These performance figures exclude multiple share classes, Janus World Funds, subadvised funds, and money market funds.)

About Janus Capital Group Inc.

Based in Denver, Colorado, Janus Capital Group Inc. is a leading asset manager offering individual investors and institutional clients complementary asset management disciplines through the firm's global distribution network.

Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH) and Bay Isle Financial LLC. Janus Capital Group owns approximately 33% of DST Systems, Inc. (NYSE: DST) and has agreed to take a 30% ownership stake in Perkins, Wolf, McDonnell and Company's investment advisory business.

This press release includes statements concerning potential future events involving Janus Capital Group Inc. that could differ materially from the events that actually occur. The differences could be caused by a number of factors including those factors identified in Janus' Annual Report on Form 10-K for the year ended December 31, 2002 on file with the Securities and Exchange Commission (Commission file no. 001-15253). Janus will not update any forward-looking statement made in this press release to reflect future events or developments.

For a Janus funds prospectus please call Janus at 800-525-3713 or download the file from janus.com. The prospectus contains more information, including charges, risks and expenses. Read it carefully before you invest or send money.

Past performance is no guarantee of future results.

(a) Lipper performance percentages include funds with a minimum track

    record of one year. Funds included are 22 Janus Investment funds,
    12 Janus Adviser funds, and 12 Janus Aspen funds. Excludes
    multiple share classes, Janus World Funds, sub-advised funds, and
    money markets. Funds are ranked within their corresponding Lipper
    classification for the specified time period. Percentage of funds
    consists of the total number of funds in each quartile divided by
    the total number of funds represented. Funds ranked in first
    quartile are 14, funds ranked in second quartile are 9, funds
    ranked in third quartile are 9, funds ranked in fourth quartile
    are 14 and total funds are 46.

Percent of assets is calculated by totaling each fund's assets by the corresponding quartile and dividing by the total assets of funds represented as of April 30, 2003. Funds assets for the first quartile are $33.6 billion, funds assets for the second quartile are $22.1 billion, funds assets for the third quartile are $6.0 billion, funds assets for the fourth quartile are $26.0 billion and funds total assets are $87.7 billion.

Lipper, 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 and are based on total return with capital gains and dividends reinvested. Some funds have experienced poor or negative short-term performance.

Lipper Rankings as of 4/30/03
Janus Investment Fund
                                             1-Year   5-Year   10-Year
                         Lipper Category     Ranking  Ranking  Ranking
Growth Funds

Janus Fund(1)         LargeCap Growth Funds  301/634   86/310   31/84
Janus Enterprise
 Fund                 MultiCap Growth Funds  105/397   83/170   32/49
Janus Growth and
 Income Fund          LargeCap Core Funds    219/997   17/521   3/171
Janus Mercury Fund    LargeCap Growth Funds  142/634   21/310   -
Janus Olympus Fund    LargeCap Growth Funds  496/634   10/310   -
Janus Orion Fund      MultiCap Growth Funds  211/397   -        -
Janus Twenty Fund(b)  LargeCap Growth Funds  11/634    73/310   11/84
Janus Venture Fund(b) SmallCap Growth Funds  243/428   61/225   26/46

International/Global Funds
Janus Global Life
 Sciences Fund        Health/Biotechnology
                       Funds                 155/182   -        -
Janus Global
 Technology Fund      Science & Technology
                       Funds                 190/346   -        -
Janus Global
 Value Fund           Global Funds           303/316   -        -
Janus Overseas
 Fund(b)              International Funds    710/823   95/457   -
Janus Worldwide Fund  Global Funds           273/316   92/167   7/36

Core Funds
Janus Balanced Fund   Balanced Funds         59/509    7/336    4/98
Janus Core Equity
 Fund                 LargeCap Core Funds    473/997   7/521    -
Janus Special
 Equity Fund(2)       MultiCap Core Funds    416/485   -        -

Value Funds
Janus Mid Cap Value
 Fund-Inv. Shares(3)  MidCap Value Funds     78/207    -        -
Janus Small Cap Value
Fund-Inv.
 Shares(b)(4)         SmallCap Value Funds   162/244   9/115    -

Income Funds
Janus Federal
 Tax-Exempt Fund      General Muni Debt
                       Funds                 37/292    112/215  -
Janus Flexible
 Income Fund          Intermediate Investment
                       Grade Debt Funds      15/389    148/210  3/84

Janus High-Yield Fund High Current Yield
                       Funds                 237/385   20/212   -
Janus Short-Term
 Bond Fund            Short Investment Grade
                       Debt Funds            95/132    54/94    17/35


Lipper Rankings as of 4/30/03
Janus Aspen Series - Institutional Shares

                                                      1-Year   5-Year
                               Lipper Category        Ranking  Ranking
Growth Funds
Aggressive Growth
 Portfolio(5)                VA MultiCap Growth Funds 25/101   20/45
Capital Appreciation
 Portfolio                   VA LargeCap Growth Funds 6/130    2/62
Growth Portfolio             VA LargeCap Growth Funds 61/130   23/62
Growth and Income Portfolio  VA LargeCap Core Funds   82/202   -

International/Global Funds
Global Life Sciences
 Portfolio                   VA Specialty/Misc.       68/116   -
Global Technology Portfolio  VA Specialty/Misc.       92/116   -
International Growth
 Portfolio                   VA International Funds   159/176  22/104
Worldwide Growth Portfolio   VA Global Funds          58/68    25/37

Core Funds
Balanced Portfolio           VA Balanced Funds        14/72    1/53
Core Equity Portfolio        VA LargeCap Core Funds   131/202  2/110

Value Funds
Strategic Value Portfolio(6) VA MultiCap Value Funds  81/91    -

Income Fund
Flexible Income Portfolio(7) VA General Bond Funds    12/38    3/22

Lipper Rankings as of 4/30/03
Janus Adviser Series - I Shares

                                                      1-Year   5-Year
                               Lipper Category        Ranking  Ranking
Growth Funds
Aggressive Growth Fund(8)    MultiCap Growth Funds    104/397  86/170
Capital Appreciation Fund    LargeCap Growth Funds    42/634   3/310
Growth Fund                  LargeCap Growth Funds    414/634  63/310
Growth and Income Fund       LargeCap Core Funds      101/997  -

International/Global Funds
International Value Fund     International Funds      809/823  -
International Fund(9)        International Funds      756/823  80/457
Worldwide Fund               Global Funds             281/316  68/167

Core Funds
Balanced Fund                Balanced Funds           62/509   4/336
Core Equity Fund             LargeCap Core Funds      381/997  5/521

Value Funds
Small Cap Value Fund         SmallCap Value Funds     27/244   -
Strategic Value Fund(10)     MidCap Core Funds        263/308  -

Income Funds
Flexible Income Fund         Int. Inv. Grade
                              Debt Funds              20/389   128/210

(b) Closed to new investors.

(1) On 2/28/03, Janus Fund 2 merged into Janus Fund.

(2) On 2/28/03, Janus Special Situations Fund merged into Janus
    Strategic Value Fund and the fund was renamed to Janus Special
    Equity Fund.

(3) On 4/17/03, Berger Mid Cap Value Fund was reorganized into Janus
    Mid Cap Value Fund.

(4) On 4/17/03, Berger Small Cap Value Fund was reorganized into Janus
    Small Cap Value Fund.

(5) On 5/1/03, Janus Aspen Aggressive Growth Portfolio changed its
    name to Janus Aspen Mid Cap Growth Portfolio. Certain key
    investment policies of the Portfolio changed to invest at least
    80% of its net assets in equity securities of mid-sized companies.
    Please see the prospectus for more information.

(6) Janus Aspen Strategic Value Portfolio reorganized into Janus Aspen
    Mid Cap Value Portfolio on 5/1/03.

(7) On 5/1/03, certain key investment policies of Janus Aspen Flexible
    Income Portfolio changed to invest at least 65% of its assets in
    investment grade debt securities and maintain a dollar-weighted
    average portfolio maturity of five to ten years. The Portfolio
    also limits its investment in high-yield/high-risk bonds to less
    than 35% of its net assets.

(8) On 6/2/03, Janus Adviser Aggressive Growth Fund will change its
    name to Janus Adviser Mid Cap Growth Fund. Certain key investment
    policies of the Fund will change to invest at least 80% of its net
    assets in equity securities of mid-sized companies. Please see the
    prospectus for more information.

(9) On 6/2/03, Janus Adviser International Fund will change its name
    to Janus Adviser International Growth Fund.

(10) Janus Adviser Strategic Value Fund will reorganize into Janus
    Adviser Mid Cap Value Fund pending shareholder approval. If
    approved, the reorganization is expected to be effective on or
    about 6/2/03.

Janus funds are distributed by Janus Distributors LLC. (5/03)
    CONTACT: Janus Capital Group Inc.Blair Johnson, 720/210-1439
             Shelley Peterson, 303/316-5625

    SOURCE: Janus Capital Group Inc.