Janus Announces March Assets under Management; First-Quarter Earnings Presentation Scheduled for Wednesday, April 28

Company Release - 4/7/2004 6:54 PM ET

DENVER--(BUSINESS WIRE)--April 7, 2004--For the month ended March 31, 2004, Janus Capital Group Inc. (NYSE: JNS) reported total assets under management of approximately $145.0 billion, which is down 1.7% from the prior month's assets of $147.5 billion. Firmwide average assets under management during March were approximately $144.8 billion compared with February's average assets of $148.6 billion, a 2.6% decrease.

Long-term assets were approximately $132.0 billion at the end of March versus $134.0 billion at the end of February, a decrease of 1.5%. Long-term average assets in March were $131.4 billion, which is down 2.3% from February's long-term average assets of $134.5 billion. Excluding money market funds, net outflows for the month of March were $2.6 billion compared to net outflows of $2.0 billion in the month of February.

We have attached an exhibit that breaks out assets and flows by investment discipline for the three months ended March 31, 2004.

First-Quarter Financial Results

Janus Capital Group will release its first-quarter financial results before the market opens on Wednesday, April 28, 2004. The company will discuss its results during a conference call April 28 at 11 a.m. Eastern Daylight Time. The call-in number will be 877-301-7574. (Anyone outside the U.S. or Canada should call 706-643-3623.) The slides used during the presentation will be available in the investor relations section of the Janus Capital Group web site (www.janus.com) beginning April 28. For those unable to join the conference call at the scheduled time, an audio replay will be available on www.janus.com.

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. Outside the U.S. it has offices in London, Hong Kong, Tokyo, and Milan.

Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH), Bay Isle Financial LLC and Capital Group Partners, Inc. Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC and approximately 9% of DST Systems, Inc.

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.

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, 2003 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.

Funds distributed by Janus Distributors LLC (4/04)

                                Exhibit

                       JANUS CAPITAL GROUP INC.
                ASSETS & FLOWS BY INVESTMENT DISCIPLINE
                         (dollars in billions)

                                                              Quarter
                                     One Month Ended           Ended
                             ------------------------------  ---------
                              Jan. 31,  Feb. 29,  March 31,  March 31,
                                2004      2004       2004       2004
                             ---------  --------  ---------  ---------
Growth Equity
  Beginning of period assets    $84.9     $83.9      $82.4      $84.9
  Sales                           1.1       0.7        0.8        2.6
  Redemptions                     3.6       2.6        2.7        8.9
                             ---------  --------  --------- ----------
  Net Sales (redemptions)        (2.5)     (1.9)      (1.9)      (6.3)
  Market appreciation             1.5       0.4        0.3        2.2
                             ---------  --------  --------- ----------
  End of period assets          $83.9     $82.4      $80.8      $80.8
                             =========  ========  ========= ==========

Mathematical/Quantitative
  Beginning of period assets    $14.3     $14.7      $15.4      $14.3
  Sales                           0.4       0.5        0.4        1.3
  Redemptions                     0.4       0.1        0.3        0.8
                             ---------  --------  --------- ----------
  Net Sales (redemptions)           -       0.4        0.1        0.5
  Market appreciation             0.4       0.3          -        0.7
                             ---------  --------  --------- ----------
  End of period assets          $14.7     $15.4      $15.5      $15.5
                             =========  ========  ========= ==========

Fixed Income
  Beginning of period assets     $7.3      $6.9       $6.8       $7.3
  Sales                           0.2       0.2        0.2        0.6
  Redemptions                     0.3       0.3        0.4        1.0
                             ---------  --------  --------- ----------
  Net Sales (redemptions)        (0.1)     (0.1)      (0.2)      (0.4)
  Market appreciation            (0.3)        -        0.1       (0.2)
                             ---------  --------  --------- ----------
  End of period assets           $6.9      $6.8       $6.7       $6.7
                             =========  ========  ========= ==========

Core/Blend
  Beginning of period assets    $20.8     $20.5      $20.4      $20.8
  Sales                           0.3       0.2        0.2        0.7
  Redemptions                     0.8       0.5        0.9        2.2
                             ---------  --------  --------- ----------
  Net Sales (redemptions)        (0.5)     (0.3)      (0.7)      (1.5)
  Market appreciation             0.2       0.2        0.2        0.6
                             ---------  --------  --------- ----------
  End of period assets          $20.5     $20.4      $19.9      $19.9
                             =========  ========  ========= ==========

Value
  Beginning of period assets     $8.4      $8.6       $9.0       $8.4
  Sales                           0.4       0.3        0.3        1.0
  Redemptions                     0.4       0.4        0.2        1.0
                             ---------  --------  --------- ----------
  Net Sales (redemptions)           -      (0.1)       0.1          -
  Market appreciation             0.2       0.5          -        0.7
                             ---------  --------  --------- ----------
  End of period assets           $8.6      $9.0       $9.1       $9.1
                             =========  ========  ========= ==========

Money Market
  Beginning of period assets    $15.8     $14.2      $13.5      $15.8
  Sales                          10.8       8.3        7.1       26.2
  Redemptions                    12.4       9.0        7.6       29.0
                             ---------  --------  --------- ----------
  Net Sales (redemptions)        (1.6)     (0.7)      (0.5)      (2.8)
  Market appreciation               -         -          -          -
                             ---------  --------  --------- ----------
  End of period assets          $14.2     $13.5      $13.0      $13.0
                             =========  ========  ========= ==========

Total
  Beginning of period assets   $151.5    $148.8     $147.5     $151.5
  Sales                          13.2      10.2        9.0       32.4
  Redemptions                    17.9      12.9       12.1       42.9
                             ---------  --------  --------- ----------
  Net Sales (redemptions)        (4.7)     (2.7)      (3.1)     (10.5)
  Market appreciation             2.0       1.4        0.6        4.0
                             ---------  --------  --------- ----------
  End of period assets         $148.8    $147.5     $145.0     $145.0
                             =========  ========  ========= ==========

Total Excluding Money Markets
  Beginning of period assets   $135.7    $134.6     $134.0     $135.7
  Sales                           2.4       1.9        1.9        6.2
  Redemptions                     5.5       3.9        4.5       13.9
                             ---------  --------  --------- ----------
  Net Sales (redemptions)        (3.1)     (2.0)      (2.6)      (7.7)
  Market appreciation             2.0       1.4        0.6        4.0
                             ---------  --------  --------- ----------
  End of period assets         $134.6    $134.0     $132.0     $132.0
                             =========  ========  ========= ==========


Total Excluding Mathematical/
 Quantitative & Money Markets
  Beginning of period assets   $121.4    $119.9     $118.6     $121.4
  Sales                           2.0       1.4        1.5        4.9
  Redemptions                     5.1       3.8        4.2       13.1
                             ---------  --------  --------- ----------
  Net Sales (redemptions)        (3.1)     (2.4)      (2.7)      (8.2)
  Market appreciation             1.6       1.1        0.6        3.3
                             ---------  --------  --------- ----------
  End of period assets         $119.9    $118.6     $116.5     $116.5
                             =========  ========  ========= ==========
    CONTACT: Janus Capital Group Inc.
             Investor Contact
             Steve Belgrad, 303-394-7706
                 or
             Media Contact:
             Blair Johnson, 720-210-1439
             Shelley Peterson, 303-316-5625

    SOURCE: Janus Capital Group Inc.