Janus Announces August Assets under Management, Names Dominic Martellaro to Lead Its Intermediary Business

Company Release - 9/9/2004 4:48 PM ET

DENVER--(BUSINESS WIRE)--Sept. 9, 2004--For the month ended August 31, 2004, Janus Capital Group Inc. (NYSE: JNS) reported total assets under management of approximately $127.8 billion, which is down 0.9% from the prior month's assets of $129.0 billion. Firmwide average assets under management during August were approximately $126.5 billion compared with July's average assets of $131.4 billion, a decrease of 3.7%. Average assets excluding money markets in August were $114.9 billion.

The company's redemptions, excluding money markets, continue to improve and are at their lowest level since November 1998. Total net outflows (not including money markets) in August were $1.4 billion.

Janus also announced that it hired Dominic Martellaro as senior vice president and managing director of Global Intermediary Distribution. In this new position, Martellaro will lead Janus' initiatives to expand its defined contribution, subadvised, insurance and broker-dealer businesses. A former managing director at Morgan Stanley Investment Management, Martellaro has 20 years' industry experience, including senior leadership positions at Kemper Mutual Funds, SEI Investments, Van Kampen Investments, and FrontPoint Partners.

"As we sharpen our focus on building our brand and increasing sales, the positioning and distribution of our products is a critical strategic priority," said Chairman and CEO Steve Scheid. "That's why I am thrilled to be adding the depth of experience and leadership that Dominic brings to the team."

In addition, Scheid said Janus launched a new television advertising campaign this week highlighting the company's fundamental research expertise. The commercials will run through November, airing on high-profile network and national cable TV.

Janus continued to post strong relative fund performance results as of August 31. More than 65% of Janus retail funds were in the top half of their Lipper categories on a 1-year basis and more than 59% were in the top half of their Lipper categories on a 3-year basis based on total returns. Of the seven Janus domestic retail growth funds (see Exhibit 2), approximately 86% were in the top two quartiles on a 1-year basis and more than 71% were in the top two quartiles on a 3-year basis as of August 31.

The attached Exhibit 1 shows assets and flows by investment discipline for June, July, and August. Exhibit 2 provides detailed Lipper rankings for Janus retail funds (Janus Investment Fund).

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), Bay Isle Financial LLC and Capital Group Partners, Inc. 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.

Funds distributed by Janus Distributors LLC (09/04)

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). Any forward-looking statements contained in this release are as of the date on which such statements were made. The Company assumes no duty to update them, even if experience, unexpected events, or future changes make it clear that any projected results express or implied therein will not be realized.

Exhibit 1
                       JANUS CAPITAL GROUP INC.
                ASSETS & FLOWS BY INVESTMENT DISCIPLINE
                         (dollars in billions)

                                             One Month Ended(a)
                                       -------------------------------
                                        June 30,  July 31,  August 31,
                                          2004      2004      2004
                                       --------- --------- ----------
Growth Equity
  Beginning of period assets              $74.8     $73.8      $68.1
  Sales                                     0.5       0.4        0.3
  Redemptions                               2.0       1.9        1.8
                                       --------- --------- ----------
  Net Sales (redemptions)                  (1.5)     (1.5)      (1.5)
  Market appreciation                       0.5      (4.3)      (0.4)
                                       --------- --------- ----------
  End of period assets                    $73.8     $68.1      $66.2
                                       ========= ========= ==========

Mathematical/Quantitative
  Beginning of period assets              $16.7     $17.5      $17.5
  Sales                                     0.4       0.8        0.5
  Redemptions                               0.1       0.1          -
                                       --------- --------- ----------
  Net Sales (redemptions)                   0.3       0.7        0.4
  Market appreciation                       0.5      (0.7)         -
                                       --------- --------- ----------
  End of period assets                    $17.5     $17.5      $17.9
                                       ========= ========= ==========

Fixed Income
  Beginning of period assets               $6.1      $6.0       $5.9
  Sales                                     0.1       0.1        0.1
  Redemptions                               0.2       0.2        0.2
                                       --------- --------- ----------
  Net Sales (redemptions)                  (0.1)     (0.1)      (0.1)
  Market appreciation                       0.0         -        0.1
                                       --------- --------- ----------
  End of period assets                     $6.0      $5.9       $5.8
                                       ========= ========= ==========

Core/Blend
  Beginning of period assets              $17.7     $17.7      $16.9
  Sales                                     0.2       0.1        0.1
  Redemptions                               0.4       0.5        0.4
                                       --------- --------- ----------
  Net Sales (redemptions)                  (0.2)     (0.3)      (0.2)
  Market appreciation                       0.2      (0.5)         -
                                       --------- --------- ----------
  End of period assets                    $17.7     $16.9      $16.6
                                       ========= ========= ==========

Value
  Beginning of period assets               $9.0      $9.3       $9.4
  Sales                                     0.3       0.3        0.2
  Redemptions                               0.2       0.2        0.2
                                       --------- --------- ----------
  Net Sales (redemptions)                   0.1       0.1          -
  Market appreciation                       0.2         -        0.1
                                       --------- --------- ----------
  End of period assets                     $9.3      $9.4       $9.5
                                       ========= ========= ==========

Money Market
  Beginning of period assets              $11.5     $11.1      $11.4
  Sales                                     9.0       6.9        6.6
  Redemptions                               9.4       6.7        6.2
                                       --------- --------- ----------
  Net Sales (redemptions)                  (0.4)      0.2        0.4
  Market appreciation                         -         -          -
                                       --------- --------- ----------
  End of period assets                    $11.1     $11.4      $11.8
                                       ========= ========= ==========

Total
  Beginning of period assets             $135.8    $135.4     $129.0
  Sales                                    10.5       8.7        7.9
  Redemptions                              12.3       9.5        8.9
                                       --------- --------- ----------
  Net Sales (redemptions)                  (1.8)     (0.8)      (1.0)
  Market appreciation                       1.4      (5.5)      (0.3)
                                       --------- --------- ----------
  End of period assets                   $135.4    $129.0     $127.8
                                       ========= ========= ==========

Total Excluding Money Markets
  Beginning of period assets             $124.3    $124.3     $117.7
  Sales                                     1.5       1.8        1.3
  Redemptions                               2.9       2.8        2.7
                                       --------- --------- ----------
  Net Sales (redemptions)                  (1.4)     (1.1)      (1.4)
  Market appreciation                       1.4      (5.5)      (0.3)
                                       --------- --------- ----------
  End of period assets                   $124.3    $117.7     $116.0
                                       ========= ========= ==========


Total Excluding
 Mathematical/Quantitative &
 Money Markets
  Beginning of period assets             $107.6    $106.8     $100.2
  Sales                                     1.1       1.0        0.8
  Redemptions                               2.8       2.7        2.6
                                       --------- --------- ----------
  Net Sales (redemptions)                  (1.7)     (1.8)      (1.9)
  Market appreciation                       0.9      (4.8)      (0.3)
                                       --------- --------- ----------
  End of period assets                   $106.8    $100.2      $98.1
                                       ========= ========= ==========

(a) Beginning in July 2004, to increase the accuracy of the amounts
    presented, Janus has rounded each line item in this schedule
    individually. Therefore, total and subtotals may not foot.
Exhibit 2
Janus Investment Funds

                                     Lipper Rankings Based on Total
                                       Returns as of 8/31/04
                              ---------------------------------------
                                    1-Year              3-Year
                              ------------------- -------------------
                                          Rank/                Rank/
                 Lipper       Percentile  Total   Percentile   Total
Growth Funds    Category         Rank(%)  Funds     Rank(%)    Funds
-------------- -------------  ---------- -------- ---------- --------
Janus
 Enterprise    Mid-Cap
 Fund           Growth Funds          3   14/491         51  200/394
Janus Fund     Large-Cap
                Growth Funds         42  264/639         54  282/523
Janus Mercury  Large-Cap
 Fund           Growth Funds         18  112/639         47  246/523
Janus Olympus  Multi-Cap
 Fund           Growth Funds         55  233/426         50  170/339
Janus Orion    Multi-Cap
 Fund           Growth Funds          4   17/426          7   23/339
Janus Twenty   Large-Cap
 Fund(a)        Growth Funds          1    2/639          9   47/523
Janus Venture  Small-Cap
 Fund(a)        Growth Funds         29  147/516         22   88/418
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Balanced Balanced
 Fund           Funds                61  330/546         41  178/440
Janus Core     Large-Cap
 Equity Fund    Core Funds           16  151/952         15  111/791
Janus Growth
 and Income    Large-Cap
 Fund           Core Funds           66  625/952         53  412/791
Janus Risk-
 Managed Stock Multi-Cap
 Fund           Core Funds            5   31/685          -        -
Janus Special  Multi-Cap
 Equity Fund    Core Funds           23  157/685         12   56/501
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Federal
 Tax-Exempt    General Muni
 Fund           Debt Funds           66  194/293         55  146/265
Janus Flexible Intermediate
 Income Fund    Inv Grade
                Debt Funds           44  195/450         12   42/352
Janus High-    High Current
 Yield Fund     Yield Funds          66  272/417         59  202/346
Janus Short-   Short
 Term Bond      Investment
 Fund           Grade Debt
                Funds                 6   10/177         43   51/120
----------------------------------------------------------------------
International/
Global
 Funds
----------------------------------------------------------------------
Janus Global   Health/
 Life Sciences Biotechnology
 Fund           Funds                13   24/194         55   82/150
Janus Global
 Opportunities
 Fund          Global Funds          21   66/314          8   20/258
Janus Global   Science &
 Technology     Technology
 Fund           Funds                62  191/310         58  158/275
Janus Overseas International
 Fund           Funds                70  588/845         63  425/683
Janus
 Worldwide
 Fund(1)       Global Funds          94  296/314         97  251/258
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid Cap
 Value Fund -  Mid-Cap Value
 Inv(2)         Funds                28   58/211         18   26/144
Janus Small
 Cap Value
 Fund -        Small-Cap
 Inv.(a)(2,3)   Core Funds           34  180/540         36  155/434
----------------------------------------------------------------------


Janus Investment Funds
                                     Lipper Rankings Based on Total
                                       Returns as of 8/31/04
                              ---------------------------------------
                                      5-Year             10-Year
                                ------------------  ------------------
                                            Rank/               Rank/
                   Lipper       Percentile  Total   Percentile  Total
Growth Funds       Category       Rank(%)   Funds     Rank(%)   Funds
----------------- ------------- ---------- -------  ---------- -------
Janus Enterprise  Mid-Cap
 Fund              Growth Funds        90  227/252         56   54/97
Janus Fund        Large-Cap
                   Growth Funds        58  215/375         36  41/116
Janus Mercury     Large-Cap
 Fund              Growth Funds        55  205/375          3   3/116
Janus Olympus     Multi-Cap
 Fund              Growth Funds        56  112/201          -       -
Janus Orion Fund  Multi-Cap
                   Growth Funds         -        -          -       -
Janus Twenty      Large-Cap
 Fund(a)           Growth Funds        66  245/375          1   1/116
Janus Venture     Small-Cap
 Fund(a)           Growth Funds        66  183/277         40   31/77
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Balanced    Balanced
 Fund              Funds               33  119/367          8  11/142
Janus Core Equity Large-Cap
 Fund              Core Funds          12   67/603          -       -
Janus Growth and  Large-Cap
 Income Fund       Core Funds          20  120/603          4   7/205
Janus Risk-
 Managed Stock    Multi-Cap
 Fund              Core Funds           -        -          -       -
Janus Special     Multi-Cap
 Equity Fund       Core Funds           -        -          -       -
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Federal     General Muni
 Tax-Exempt Fund   Debt Funds          78  180/231         71  91/128
Janus Flexible    Intermediate
 Income Fund       Inv Grade
                   Debt Funds          61  159/261         10  11/113
Janus High-Yield  High Current
 Fund              Yield Funds         15   39/272          -       -
Janus Short-Term  Short
 Bond Fund         Investment
                   Grade Debt
                   Funds               41    39/95         34   18/52
----------------------------------------------------------------------
International/
Global
 Funds
----------------------------------------------------------------------
Janus Global Life Health/
 Sciences Fund    Biotechnology
                   Funds               58    37/63          -       -
Janus Global
 Opportunities
 Fund             Global Funds          -        -          -       -
Janus Global      Science &
 Technology Fund   Technology
                   Funds               49   53/109          -       -
Janus Overseas    International
 Fund              Funds               28  138/498          4   5/145
Janus Worldwide
 Fund(1)          Global Funds         80  146/182         37   21/56
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid Cap
 Value Fund -     Mid-Cap Value
 Inv(2)            Funds                4     3/97          -       -
Janus Small Cap
 Value Fund -     Small-Cap
 Inv.(a)(2,3)      Core Funds          22   68/309          -       -
----------------------------------------------------------------------

                         Percent of Retail Funds per Lipper Quartile
                                     based on Total Returns
                         ---------------------------------------------
                          1-Year     3-Year      5-Year      10-Year
                          -------    --------    --------    ---------
1st Quartile               43.5%      36.4%       26.3%        50.0%
2nd Quartile               21.7       22.7        21.1         33.3
3rd Quartile               30.4       36.4        36.8         16.7
4th Quartile                4.4        4.5        15.8          0.0
----------------------------------------------------------------------

Past performance is no guarantee of future results.

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.

Some funds may have experienced poor or negative short-term
performance. Call 1-800-525-3713 for current month end performance.

Funds not ranked by Lipper are not included in percentages disclosed
on page 1.

A fund's performance may be affected by risks that include those
associated with non-diversification, investments in foreign
securities, non-investment grade debt securities, undervalued
companies or companies with a relatively small market capitalization.
Please see a Janus funds' prospectus for more detailed information.

A fund's performance for very short time periods may not be indicative
of future performance.

1. Effective July 1, 2004, Jason Yee was appointed portfolio manager
   of the Janus Worldwide Fund

2. Rating is for the investor share class only; other classes may have
   different performance characteristics.

3. On February 27, 2004, Todd Perkins joined Bob Perkins and Tom
   Perkins as a co-portfolio manager of Janus Small Cap Value Fund.

(a) Closed to new investors.

    CONTACT: Janus Capital Group Inc.
             Investor Contact:
             Steve Belgrad, 303-394-7706
             or
             Media Contact:
             Shelley Peterson, 303-316-5625

    SOURCE: Janus Capital Group Inc.