Janus Reports January Assets under Management; Market Decline Overshadows Increase in Gross Sales of Janus-Branded Products

Company Release - 2/9/2005 8:01 AM ET

DENVER--(BUSINESS WIRE)--Feb. 9, 2005--For the month ended January 31, 2005, Janus Capital Group Inc. (NYSE:JNS) reported total assets under management of approximately $132.7 billion, which is down 4.5% from the prior month's assets of $139.0 billion. Firmwide average assets under management during January were approximately $133.6 billion compared with December's average assets of $137.5 billion, a decrease of 2.8%. Excluding money markets, average assets in January were $124.0 billion.

Total long-term (non-money market) net outflows were $0.7 billion for the month. Gross sales of Janus-branded long-term products (excluding INTECH) were $1.6 billion in January, marking the fourth consecutive monthly increase. In January, Janus' equity assets saw market depreciation of $3.7 billion, or 3.0% of the firm's equity assets at the beginning of the month. This depreciation reflected the challenging equity markets in January, when the NASDAQ Composite and S&P 500 indexes declined 5.2% and 2.4%, respectively.

"Despite a challenging market environment in January, I'm encouraged by the continued improvement in gross sales of Janus products, and the solid performance of our mutual funds," said Chairman and Chief Executive Officer Steve Scheid.

Janus' relative mutual fund performance remained strong in January. As of January 31, approximately 73% of the funds in the company's primary fund family, Janus Investment Fund (JIF), were in the top half of their Lipper categories on a 3-year, total-return basis. In addition, more than 65% of the JIF funds were in the top half of their Lipper categories on a 1-year, total-return basis at the end of January.

The attached Exhibit 1 shows Janus' assets and flows by investment discipline for November, December, and January. Exhibit 2 provides detailed Lipper rankings for the JIF funds.

Please note that following the March news release, scheduled for April 11, 2005, assets under management and flows will only be reported on a quarterly basis as part of Janus' earnings news release.

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.

Past performance is no guarantee of future results.

The National Association of Securities Dealers Automated Quotation System is a nationwide computerized quotation system for over 5,500 over-the-counter stocks. The index is compiled of more than 4,800 stocks that are traded via this system.

The S&P 500 Index is the Standard & Poor's composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices.

Theses indexes are not available for direct investment; therefore their performance does not reflect the expenses associated with the active management of an actual portfolio.

Funds distributed by Janus Distributors LLC (01/05)

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' Registration Statement on Form S-4/A filed on September 20, 2004 and in our 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). Many of these factors are beyond the control of the company and its management. 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
                                 -------------------------------------
                                 November 30, December 31, January 31,
                                     2004         2004         2005
                                 ------------ ------------ -----------
Growth Equity
   Beginning of period assets    $      66.3  $      68.5     $  69.0
   Sales                                 0.5          0.5         0.9
   Redemptions                           1.9          3.1         2.1
                                  -----------  -----------     -------
   Net Sales (redemptions)              (1.4)        (2.6)       (1.2)
   Market appreciation                   3.7          3.1        (2.5)
                                  -----------  -----------     -------
   End of period assets          $      68.5  $      69.0     $  65.4
                                  ===========  ===========     =======

Mathematical/Quantitative
   Beginning of period assets    $      21.2  $      23.5     $  25.8
   Sales                                 1.4          1.7         0.8
   Redemptions                           0.1          0.1         0.1
                                  -----------  -----------     -------
   Net Sales (redemptions)               1.4          1.6         0.7
   Market appreciation                   0.9          0.8        (0.5)
                                  -----------  -----------     -------
   End of period assets          $      23.5  $      25.8     $  26.0
                                  ===========  ===========     =======

Fixed Income
   Beginning of period assets    $       5.9  $       5.9     $   6.2
   Sales                                 0.2          0.4         0.1
   Redemptions                           0.2          0.3         0.2
                                  -----------  -----------     -------
   Net Sales (redemptions)                 -          0.1        (0.1)
   Market appreciation                     -          0.2           -
                                  -----------  -----------     -------
   End of period assets          $       5.9  $       6.2     $   6.1
                                  ===========  ===========     =======

Core/Blend
   Beginning of period assets    $      16.9  $      17.4     $  17.4
   Sales                                 0.2          0.3         0.2
   Redemptions                           0.4          1.0         0.4
                                  -----------  -----------     -------
   Net Sales (redemptions)              (0.2)        (0.7)       (0.2)
   Market appreciation                   0.8          0.6        (0.4)
                                  -----------  -----------     -------
   End of period assets          $      17.4  $      17.4     $  16.8
                                  ===========  ===========     =======

Value
   Beginning of period assets    $       9.0  $       9.6     $   9.8
   Sales                                 0.3          0.3         0.4
   Redemptions                           0.2          0.3         0.3
                                  -----------  -----------     -------
   Net Sales (redemptions)               0.1            -         0.1
   Market appreciation                   0.5          0.2        (0.3)
                                  -----------  -----------     -------
   End of period assets          $       9.6  $       9.8     $   9.6
                                  ===========  ===========     =======

Money Market
   Beginning of period assets    $      12.0  $      12.4     $  10.8
   Sales                                 7.1          7.0         3.9
   Redemptions                           6.7          8.6         5.7
                                  -----------  -----------     -------
   Net Sales (redemptions)               0.4         (1.6)       (1.8)
   Market appreciation                     -            -           -
                                  -----------  -----------     -------
   End of period assets          $      12.4  $      10.8     $   8.9
                                  ===========  ===========     =======

Total
   Beginning of period assets    $     131.3  $     137.4     $ 139.0
   Sales                                 9.6         10.2         6.3
   Redemptions                           9.4         13.3         8.8
                                  -----------  -----------     -------
   Net Sales (redemptions)               0.2         (3.1)       (2.5)
   Market appreciation                   5.9          4.7        (3.7)
                                  -----------  -----------     -------
   End of period assets          $     137.4  $     139.0     $ 132.7
                                  ===========  ===========     =======

Total Excluding Money Markets
   Beginning of period assets    $     119.3  $     125.0     $ 128.2
   Sales                                 2.5          3.2         2.4
   Redemptions                           2.7          4.8         3.1
                                  -----------  -----------     -------
   Net Sales (redemptions)              (0.2)        (1.6)       (0.7)
   Market appreciation                   5.9          4.8        (3.7)
                                  -----------  -----------     -------
   End of period assets          $     125.0  $     128.2     $ 123.8
                                  ===========  ===========     =======


Total Excluding
 Mathematical/Quantitative &
 Money Markets
   Beginning of period assets    $      98.1  $     101.5     $ 102.4
   Sales                                 1.1          1.5         1.6
   Redemptions                           2.6          4.7         3.0
                                  -----------  -----------     -------
   Net Sales (redemptions)              (1.5)        (3.2)       (1.4)
   Market appreciation                   4.9          4.1        (3.2)
                                  -----------  -----------     -------
   End of period assets          $     101.5  $     102.4     $  97.8
                                  ===========  ===========     =======

 Each line has been rounded on the schedule individually to increase
 the accuracy of the amounts presented. Therefore totals and
 subtotals may not foot.

Exhibit 2

Janus Investment Fund

                                     Lipper Rankings Based
                                 on Total Returns as of 1/31/05
                          --------------------------------------------
                                                        1-Year
                                                 ---------------------
                                                 Percentile   Rank /
                          Lipper Category          Rank (%)   Total
                                                               Funds
                          --------------------------------------------
 Growth Funds
 ---------------------------------------------------------------------
 Janus Enterprise Fund    Mid-Cap Growth Funds           5   21 / 520
 Janus Fund               Large-Cap Growth Funds        61  403 / 661
 Janus Mercury Fund       Large-Cap Growth Funds        19  124 / 661
 Janus Olympus Fund       Multi-Cap Growth Funds        57  244 / 428
 Janus Orion Fund         Multi-Cap Growth Funds         6   25 / 428
 Janus Twenty Fund(1)     Large-Cap Growth Funds         1    4 / 661
 Janus Venture Fund(1)    Small-Cap Growth Funds        14   70 / 514
 ---------------------------------------------------------------------
 Core Funds
 ---------------------------------------------------------------------
 Janus Balanced Fund      Balanced Funds                30  168 / 578
 Janus Core Equity Fund   Large-Cap Core Funds           1    9 / 914
 Janus Growth and Income  Large-Cap Core Funds
  Fund                                                   8   70 / 914
 Janus Risk-Managed Stock Multi-Cap Core Funds
  Fund                                                   4   27 / 696
 Janus Contrarian Fund    Multi-Cap Core Funds           2    9 / 696
 ---------------------------------------------------------------------
 Income Funds
 ---------------------------------------------------------------------
 Janus Federal Tax-Exempt General Muni Debt Funds
  Fund                                                  89  264 / 297
 Janus Flexible Income    Intermediate Inv Grade
  Fund                     Debt Funds                   64  298 / 468
 Janus High-Yield Fund    High Current Yield
                           Funds                        39  159 / 414
 Janus Short-Term Bond    Short Investment Grade
  Fund                     Debt Funds                   31   60 / 195
 ---------------------------------------------------------------------
 International/Global
  Funds
 ---------------------------------------------------------------------
 Janus Global Life        Health/Biotechnology
  Sciences Fund            Funds                         9   15 / 186
 Janus Global             Global Funds
  Opportunities Fund                                    26   81 / 315
 Janus Global Technology  Science & Technology
  Fund                     Funds                        51  150 / 298
 Janus Overseas Fund      International Funds           41  349 / 863
 Janus Worldwide Fund     Global Funds                  96  302 / 315
 ---------------------------------------------------------------------
 Value Funds
 ---------------------------------------------------------------------
 Janus Mid Cap Value Fund Mid-Cap Value Funds
  - Inv(2)                                              66  151 / 229
 Janus Small Cap Value    Small-Cap Core Funds
  Fund - Inv.(1,2)                                      65  363 / 560
 ---------------------------------------------------------------------

                           Percent of JIF Funds per Lipper Quartile
                                     based on Total Returns
                          --------------------------------------------
                                                   1-Year
 ---------------------------------------------------------------------
 1st Quartile                                         43.5%
 2nd Quartile                                         21.7
 3rd Quartile                                         26.1
 4th Quartile                                          8.7
 ---------------------------------------------------------------------


                                     Lipper Rankings Based
                                 on Total Returns as of 1/31/05
                          --------------------------------------------
                                  3-Year                5-Year
                           --------------------- ---------------------
                           Percentile   Rank /   Percentile   Rank /
                             Rank (%)   Total      Rank (%)   Total
                                        Funds                 Funds
                           ---------- ---------- ---------- ----------
 Growth Funds
 ---------------------------------------------------------------------
 Janus Enterprise Fund            12   49 / 419         93  252 / 272
 Janus Fund                       31  167 / 544         67  281 / 424
 Janus Mercury Fund               19  100 / 544         81  344 / 424
 Janus Olympus Fund               65  228 / 353         79  178 / 226
 Janus Orion Fund                 14   48 / 353          -      -
 Janus Twenty Fund(1)              6   29 / 544         80  339 / 424
 Janus Venture Fund(1)            11   43 / 425         87  273 / 316
 ---------------------------------------------------------------------
 Core Funds
 ---------------------------------------------------------------------
 Janus Balanced Fund              44  191 / 441         63  228 / 363
 Janus Core Equity Fund            8   59 / 775         34  197 / 595
 Janus Growth and Income
  Fund                            16  124 / 775         63  373 / 595
 Janus Risk-Managed Stock
  Fund                             -      -              -      -
 Janus Contrarian Fund             3   14 / 513          -      -
 ---------------------------------------------------------------------
 Income Funds
 ---------------------------------------------------------------------
 Janus Federal Tax-Exempt
  Fund                            78  209 / 269         86  200 / 234
 Janus Flexible Income
  Fund                            11   39 / 387         70  190 / 272
 Janus High-Yield Fund            77  261 / 342         28   74 / 272
 Janus Short-Term Bond
  Fund                            48   61 / 128         54   54 / 100
 ---------------------------------------------------------------------
 International/Global
  Funds
 ---------------------------------------------------------------------
 Janus Global Life
  Sciences Fund                   48   74 / 155         89    64 / 71
 Janus Global
  Opportunities Fund              19   46 / 249          -       -
 Janus Global Technology
  Fund                            50  138 / 277         64   85 / 132
 Janus Overseas Fund              68  479 / 708         77  395 / 515
 Janus Worldwide Fund             98  245 / 249         93  167 / 179
 ---------------------------------------------------------------------
 Value Funds
 ---------------------------------------------------------------------
 Janus Mid Cap Value Fund
  - Inv(2)                        48   81 / 168         19   19 / 100
 Janus Small Cap Value
  Fund - Inv.(1,2)                80  367 / 460         23   71 / 317
 ---------------------------------------------------------------------

                           Percent of JIF Funds per Lipper Quartile
                                     based on Total Returns
                          --------------------------------------------
                             3-Year                5-Year
 ---------------------------------------------------------------------
 1st Quartile                   45.4%                 10.5%
 2nd Quartile                   27.3                  10.5
 3rd Quartile                    9.1                  31.6
 4th Quartile                   18.2                  47.4
 ---------------------------------------------------------------------


                                    Lipper Rankings Based
                                 on Total Returns as of 1/31/05
                          --------------------------------------------
                                                       10-Year
                                               -----------------------
                                               Percentile    Rank /
                                                 Rank (%) Total Funds
                                               ---------- ------------
 Growth Funds
 ---------------------------------------------------------------------
 Janus Enterprise Fund                                67     70 / 104
 Janus Fund                                           39     54 / 138
 Janus Mercury Fund                                    5      6 / 138
 Janus Olympus Fund                                    -        -
 Janus Orion Fund                                      -        -
 Janus Twenty Fund(1)                                  1      1 / 138
 Janus Venture Fund(1)                                37     32 /  86
 ---------------------------------------------------------------------
 Core Funds
 ---------------------------------------------------------------------
 Janus Balanced Fund                                   8     12 / 165
 Janus Core Equity Fund                                -        -
 Janus Growth and Income
  Fund                                                 3      5 / 225
 Janus Risk-Managed Stock
  Fund                                                 -        -
 Janus Contrarian Fund                                 -        -
 ---------------------------------------------------------------------
 Income Funds
 ---------------------------------------------------------------------
 Janus Federal Tax-Exempt
  Fund                                                76    107 / 140
 Janus Flexible Income
  Fund                                                 7      9 / 135
 Janus High-Yield Fund                                 -        -
 Janus Short-Term Bond
  Fund                                                37     21 /  56
 ---------------------------------------------------------------------
 International/Global
  Funds
 ---------------------------------------------------------------------
 Janus Global Life
  Sciences Fund                                        -        -
 Janus Global
  Opportunities Fund                                   -        -
 Janus Global Technology
  Fund                                                 -        -
 Janus Overseas Fund                                   5      7 / 164
 Janus Worldwide Fund                                 40     23 /  57
 ---------------------------------------------------------------------
 Value Funds
 ---------------------------------------------------------------------
 Janus Mid Cap Value Fund
  - Inv(2)                                             -        -
 Janus Small Cap Value
  Fund - Inv.(1,2)                                     -        -
 ---------------------------------------------------------------------

                           Percent of JIF Funds per Lipper Quartile
                                     based on Total Returns
                          --------------------------------------------
                                                10-Year
 ---------------------------------------------------------------------
 1st Quartile                                       50.0%
 2nd Quartile                                       33.4
 3rd Quartile                                        8.3
 4th Quartile                                        8.3
 ---------------------------------------------------------------------

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.

Call 1-800-525-3713 for current month end performance.

Funds not ranked by Lipper are not included in percentages disclosed on page 2. Rankings exclude money market funds.

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 prospectus for more detailed information.

    1. Closed to new investors.

    2. Rating is for the investor share class only; other classes may
       have different performance characteristics.
    CONTACT: Janus Capital Group Inc.
             Steve Belgrad, 303-394-7706 (Investor Contact)
              or
             Tamar Gerber, 303-336-4092 (Investor Contact)
              or
             Shelley Peterson, 303-316-5625 (Media Contact)

    SOURCE: Janus Capital Group Inc.