Janus Announces May Assets Under Management

Company Release - 6/9/2003 5:13 PM ET

DENVER--(BUSINESS WIRE)--June 9, 2003--For the month ending May 31, 2003, Janus Capital Group Inc. (NYSE:JNS) reported total assets under management of approximately $147.4 billion, up 4.2% from the end of April.

Janus Capital Group's average assets under management during May were approximately $144.6 billion, an increase of 4.9% from average assets during April.

For the 12 months ended May 31, 2003, 42% of the mutual funds and 43% 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 30% of Perkins, Wolf, McDonnell and Company, LLC.

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 11 Janus Aspen funds. Funds not included are multiple share classes, Janus World Funds, subadvised 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 13, funds ranked in second quartile are 6, funds ranked in third quartile are 14, funds ranked in fourth quartile are 12 and total funds are 45.

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 May 31, 2003. Funds assets for the first quartile are $24.2 billion, funds assets for the second quartile are $15.1 billion, funds assets for the third quartile are $30.1 billion, funds assets for the fourth quartile are $22.0 billion and funds total assets are $91.4 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 5/31/03
Janus Investment Fund

                     Lipper Category       1-Year    5-Year    10-Year
                                           Ranking   Ranking   Ranking
Growth Funds:
Janus Fund(1)     LargeCap Growth Funds    434/634    98/320     30/86
Janus Enterprise
 Fund             MultiCap Growth Funds     89/385    81/162     30/48
Janus Growth and
 Income Fund        LargeCap Core Funds   482/1006    24/533     5/177
Janus Mercury
 Fund             LargeCap Growth Funds     69/634    19/320      2/86
Janus Olympus
 Fund             LargeCap Growth Funds    519/634    14/320         -
Janus Orion Fund  MultiCap Growth Funds    165/385         -         -
Janus Twenty
 Fund(b)          LargeCap Growth Funds     28/634    88/320     11/86
Janus Venture
 Fund(b)          SmallCap Growth Funds    236/440    64/233     20/48
International/Global
 Funds:
Janus Global Life
 Sciences Fund     Health/Biotechnology
                         Funds             157/175         -         -
Janus Global
 Technology Fund  Science & Technology
                         Funds             221/345         -         -
Janus Global Value
 Fund                 Global Funds         291/315         -         -
Janus Overseas
 Fund(b)            International Funds    527/821   108/461         -
Janus Worldwide
 Fund                 Global Funds         278/315   107/169      6/34
Core Funds:
Janus Balanced Fund      Balanced Funds    129/514     7/339      4/98
Janus Core Equity
 Fund               LargeCap Core Funds   746/1006     7/533         -
Janus Special
 Equity Fund(2)     MultiCap Core Funds    277/498         -         -
Value Funds:
Janus Mid Cap Value
 Fund-Inv. Shares(3) MidCap Value Funds     48/210         -         -
Janus Small Cap
 Value Fund-Inv.
 Shares(b),(4)     SmallCap Value Funds    160/249    13/119         -
Income Funds:
Janus Federal
 Tax-Exempt Fund  General Muni Debt Funds   25/292   102/217     63/98
Janus Flexible
 Income Fund      Intermediate Investment
                     Grade Debt Funds        9/396   137/214      4/85
Janus High-Yield
 Fund            High Current Yield Funds  287/386    26/221         -
Janus Short-Term
 Bond Fund         Short Investment Grade
                       Debt Funds           91/130     51/92     18/35


Lipper Rankings as of 5/31/03
Janus Aspen Series - Institutional Shares

                     Lipper Category       1-Year    5-Year
                                           Ranking   Ranking
Growth Funds:
Mid Cap Growth
 Portfolio(5)    VA MidCap Growth Funds      5/106     23/44
Capital Appreciation
 Portfolio     VA LargeCap Growth Funds     17/139      2/66
Growth
 Portfolio     VA LargeCap Growth Funds     96/139     27/66
Growth and
 Income
 Portfolio       VA LargeCap Core Funds    149/208     1/113
International/Global
 Funds:
Global Life
 Sciences
 Portfolio     VA Specialty/Misc. Funds    105/127         -
Global
 Technology
 Portfolio     VA Specialty/Misc. Funds     93/127         -
International
 Growth
 Portfolio       VA International Funds    135/181    26/106
Worldwide Growth
 Portfolio              VA Global Funds      60/68     26/39
Core Funds:
Balanced Portfolio    VA Balanced Funds      32/75      1/54
Core Equity
 Portfolio       VA LargeCap Core Funds    179/208     3/113
Income Fund:
Flexible Income
 Portfolio(6)      VA Int. Inv. Grade
                        Debt Funds            2/35      7/17


Lipper Rankings as of 5/31/03
Janus Adviser Series - I Shares

                     Lipper Category       1-Year    5-Year
                                           Ranking   Ranking
Growth Funds:
Aggressive Growth
 Fund(7)            MidCap Growth Funds     56/495   135/218
Capital Appreciation
 Fund             LargeCap Growth Funds     91/634     2/320
Growth Fund       LargeCap Growth Funds    512/634    71/320
Growth and Income
 Fund               LargeCap Core Funds   288/1006     3/533
International/Global
 Funds:
International Value
 Fund               International Funds    807/821         -
International
 Fund(8)            International Funds    654/821    96/461
Worldwide Fund         Global Funds        288/315    87/169
Core Funds:
Balanced Fund            Balanced Funds    145/514     5/339
Core Equity Fund    LargeCap Core Funds   599/1006     5/533
Value Funds:
Small Cap Value
 Fund              SmallCap Value Funds     27/249         -
Strategic Value
 Fund(9)              MidCap Core Funds    273/306         -
Income Funds:
Flexible Income
 Fund                 Int. Inv. Grade
                        Debt Funds          11/396   109/214


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

    Janus funds are distributed by Janus Distributors LLC. (6/03)
    CONTACT: Janus Capital Group Inc.Blair Johnson, 720/210-1439
             Shelley Peterson, 303/316-5625

    SOURCE: Janus Capital Group Inc.