Janus Reports Higher Assets under Management in February

Company Release - 3/8/2005 4:30 PM ET

DENVER--(BUSINESS WIRE)--March 8, 2005--For the month ended February 28, 2005, Janus Capital Group Inc. (NYSE: JNS) reported total assets under management of approximately $134.4 billion, which is up 1.3% from the prior month's assets of $132.7 billion. Firmwide average assets under management during February were approximately $134.4 billion compared with January's average assets of $133.6 billion, an increase of 0.6%. Excluding money markets, average assets in February were $125.1 billion, up 0.9% from January.

Total long-term (non-money market) net outflows were $0.6 billion for the month. Excluding INTECH, Janus' long-term net outflows in February were $1.2 billion, an improvement from $1.4 billion in January. The main catalyst for the February improvement was Janus' growth equity products, which had their lowest net outflows since August 2003.

Janus' relative mutual fund performance remained strong in February. As of February 28, approximately 70% 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 1-year, total-return basis. In addition, more than 64% of the JIF funds were in the top half of their Lipper categories on a 3-year, total-return basis at the end of February. Of particular note, 8 of the 11 growth and core funds with a three-year track record were top quartile performers in their respective Lipper categories on both a 1- and 3-year total-return basis (see Exhibit 2).

The attached Exhibit 1 shows Janus' assets and flows by investment discipline for December, January and February. 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 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), 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 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.

    Funds distributed by Janus Distributors LLC (03/05)

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)

                              ----------------------------------------
                               December 31,  January 31, February 28,
                                   2004         2005         2005
                               ------------- ----------- -------------
Growth Equity
   Beginning of period assets         $68.5       $69.0         $65.4
   Sales                                0.5         0.9           0.6
   Redemptions                          3.1         2.1           1.5
                               ------------- ----------- -------------
   Net Sales (redemptions)             (2.6)       (1.2)         (0.9)
   Market appreciation                  3.1        (2.5)          0.9
                               ------------- ----------- -------------
   End of period assets               $69.0       $65.4         $65.4
                               ============= =========== =============

Mathematical/Quantitative
   Beginning of period assets         $23.5       $25.8         $26.0
   Sales                                1.7         0.8           0.7
   Redemptions                          0.1         0.1           0.1
                               ------------- ----------- -------------
   Net Sales (redemptions)              1.6         0.7           0.6
   Market appreciation                  0.8        (0.5)          0.6
                               ------------- ----------- -------------
   End of period assets               $25.8       $26.0         $27.2
                               ============= =========== =============

Fixed Income
   Beginning of period assets          $5.9        $6.2          $6.1
   Sales                                0.4         0.1           0.1
   Redemptions                          0.3         0.2           0.1
                               ------------- ----------- -------------
   Net Sales (redemptions)              0.1        (0.1)            -
   Market appreciation                  0.2           -             -
                               ------------- ----------- -------------
   End of period assets                $6.2        $6.1          $6.0
                               ============= =========== =============

Core/Blend
   Beginning of period assets         $17.4       $17.4         $16.8
   Sales                                0.3         0.2           0.2
   Redemptions                          1.0         0.4           0.5
                               ------------- ----------- -------------
   Net Sales (redemptions)             (0.7)       (0.2)         (0.3)
   Market appreciation                  0.6        (0.4)          0.3
                               ------------- ----------- -------------
   End of period assets               $17.4       $16.8         $16.8
                               ============= =========== =============

Value
   Beginning of period assets          $9.6        $9.8          $9.6
   Sales                                0.3         0.4           0.3
   Redemptions                          0.3         0.3           0.2
                               ------------- ----------- -------------
   Net Sales (redemptions)                -         0.1           0.1
   Market appreciation                  0.2        (0.3)          0.4
                               ------------- ----------- -------------
   End of period assets                $9.8        $9.6         $10.0
                               ============= =========== =============

Money Market
   Beginning of period assets         $12.4       $10.8          $8.9
   Sales                                7.0         3.9           4.3
   Redemptions                          8.6         5.7           4.2
                               ------------- ----------- -------------
   Net Sales (redemptions)             (1.6)       (1.8)          0.1
   Market appreciation                    -           -             -
                               ------------- ----------- -------------
   End of period assets               $10.8        $8.9          $9.0
                               ============= =========== =============

Total
   Beginning of period assets        $137.4      $139.0        $132.7
   Sales                               10.2         6.3           6.1
   Redemptions                         13.3         8.8           6.7
                               ------------- ----------- -------------
   Net Sales (redemptions)             (3.1)       (2.5)         (0.6)
   Market appreciation                  4.7        (3.7)          2.2
                               ------------- ----------- -------------
   End of period assets              $139.0      $132.7        $134.4
                               ============= =========== =============

Total Excluding Money Markets
   Beginning of period assets        $125.0      $128.2        $123.8
   Sales                                3.2         2.4           1.9
   Redemptions                          4.8         3.1           2.5
                               ------------- ----------- -------------
   Net Sales (redemptions)             (1.6)       (0.7)         (0.6)
   Market appreciation                  4.8        (3.7)          2.2
                               ------------- ----------- -------------
   End of period assets              $128.2      $123.8        $125.4
                               ============= =========== =============

Total Excluding Mathematical/
 Quantitative & Money Markets
   Beginning of period assets        $101.5      $102.4         $97.8
   Sales                                1.5         1.6           1.2
   Redemptions                          4.7         3.0           2.4
                               ------------- ----------- -------------
   Net Sales (redemptions)             (3.2)       (1.4)         (1.2)
   Market appreciation                  4.1        (3.2)          1.6
                               ------------- ----------- -------------
   End of period assets              $102.4       $97.8         $98.2
                               ============= =========== =============

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 2/28/05
                            ------------------------------------------
                                   1-Year                3-Year
                            --------------------- --------------------
                                         Rank /                Rank /
               Lipper       Percentile   Total    Percentile   Total
                Category      Rank (%)    Funds     Rank (%)    Funds
               ----------- ---------------------- --------------------
Growth Funds
----------------------------------------------------------------------
Janus
 Enterprise    Mid-Cap
 Fund           Growth Funds        9   45 / 534         10   40 / 427
               Large-Cap
Janus Fund      Growth Funds       30  195 / 663         41  221 / 550
Janus Mercury  Large-Cap
 Fund           Growth Funds       21  137 / 663         13   70 / 550
Janus Olympus  Multi-Cap
 Fund           Growth Funds       53  226 / 431         78  282 / 363
Janus Orion    Multi-Cap
 Fund           Growth Funds       11   46 / 431         15   53 / 363
Janus Twenty   Large-Cap
 Fund(1)        Growth Funds        2    7 / 663          6   29 / 550
Janus Venture  Small-Cap
 Fund(1)        Growth Funds       18   88 / 515         12   48 / 419
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Balanced Balanced
 Fund           Funds              38  221 / 583         56  245 / 439
Janus Core     Large-Cap
 Equity Fund    Core Funds          3   27 / 920         19  146 / 771
Janus Growth
 and Income    Large-Cap
 Fund           Core Funds          4   32 / 920         20  149 / 771
Janus Risk-
 Managed Stock Multi-Cap
 Fund           Core Funds          4   22 / 711          -          -
Janus
 Contrarian    Multi-Cap
 Fund           Core Funds          2    8 / 711          3   15 / 510
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Federal
 Tax-Exempt    General Muni
 Fund(2)        Debt Funds         91  265 / 291         83  220 / 267
               Intermediate
Janus Flexible  Inv Grade
 Bond Fund(3)   Debt Funds         61  280 / 462         10   38 / 385
Janus High-    High Current
 Yield Fund     Yield Funds        43  176 / 414         82  281 / 345
               Short
Janus Short-    Investment
 Term Bond      Grade Debt
 Fund           Funds              25   49 / 200         39   52 / 133
----------------------------------------------------------------------
International/
 Global Funds
----------------------------------------------------------------------
Janus Global   Health/
 Life Sciences Biotechnology
 Fund           Funds               9   15 / 180         37   56 / 154
Janus Global
 Opportunities
 Fund          Global Funds        57  178 / 314         30   75 / 253
Janus Global   Science &
 Technology     Technology
 Fund           Funds              39  116 / 298         56  156 / 281
Janus Overseas International
 Fund           Funds              35  294 / 855         59  416 / 708
Janus
 Worldwide
 Fund          Global Funds        96  300 / 314         99  249 / 253
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid Cap
 Value Fund  - Mid-Cap Value
 Inv(4)         Funds              56  128 / 231         42   73 / 175
Janus Small
 Cap Value
 Fund -        Small-Cap
 Inv.(1,4)      Core Funds         56  315 / 562         81  370 / 461
----------------------------------------------------------------------

Janus Investment Fund                   Lipper Rankings Based
                                   on Total Returns as of 2/28/05
                            ------------------------------------------
                                   5-Year                10-Year
                            --------------------- --------------------
                                         Rank /                Rank /
               Lipper       Percentile   Total    Percentile   Total
                Category      Rank (%)    Funds     Rank (%)    Funds
               ----------- ---------------------- --------------------
Growth Funds
----------------------------------------------------------------------
Janus
 Enterprise    Mid-Cap
 Fund           Growth Funds       91  258 / 283         67   71 / 106
               Large-Cap
Janus Fund      Growth Funds       64  271 / 424         38   52 / 138
Janus Mercury  Large-Cap
 Fund           Growth Funds       84  354 / 424          6    7 / 138
Janus Olympus  Multi-Cap
 Fund           Growth Funds       81  190 / 236          -          -
Janus Orion    Multi-Cap
 Fund           Growth Funds        -          -          -          -
Janus Twenty   Large-Cap
 Fund(1)        Growth Funds       79  335 / 424          1    1 / 138
Janus Venture  Small-Cap
 Fund(1)        Growth Funds       82  257 / 314         41    34 / 82
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Balanced Balanced
 Fund           Funds              73  263 / 360          8   12 / 162
Janus Core     Large-Cap
 Equity Fund    Core Funds         48  281 / 595          -          -
Janus Growth
 and Income    Large-Cap
 Fund           Core Funds         72  426 / 595          3    5 / 227
Janus Risk-
 Managed Stock Multi-Cap
 Fund           Core Funds          -          -          -          -
Janus
 Contrarian    Multi-Cap
 Fund           Core Funds         19   65 / 353          -          -
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Federal
 Tax-Exempt    General Muni
 Fund(2)        Debt Funds         86  200 / 233         75  107 / 142
               Intermediate
Janus Flexible  Inv Grade
 Bond Fund(3)   Debt Funds         67  179 / 267          7    9 / 135
Janus High-    High Current
 Yield Fund     Yield Funds        37  103 / 280          -          -
               Short
Janus Short-    Investment
 Term Bond      Grade Debt
 Fund           Funds              54   56 / 103         34    19 / 55
----------------------------------------------------------------------
International/
 Global Funds
----------------------------------------------------------------------
Janus Global   Health/
 Life Sciences Biotechnology
 Fund           Funds              89    67 / 75          -          -
Janus Global
 Opportunities
 Fund          Global Funds         -          -          -          -
Janus Global   Science &
 Technology     Technology
 Fund           Funds              59   82 / 138          -          -
Janus Overseas International
 Fund           Funds              84  427 / 509          4    6 / 165
Janus
 Worldwide
 Fund          Global Funds        93  168 / 180         40    23 / 57
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid Cap
 Value Fund -  Mid-Cap Value
 Inv(4)         Funds              27   27 / 101          -          -
Janus Small
 Cap Value
 Fund -        Small-Cap
 Inv.(1,4)      Core Funds         16   49 / 316          -          -
----------------------------------------------------------------------
                     Percent of JIF Funds per Lipper Quartile
                               based on Total Returns
              --------------------------------------------------------
                        1-Year      3-Year        5-Year       10-Year
----------------------------------------------------------------------
1st Quartile             47.9%        41.0%        10.0%         50.0%
2nd Quartile             21.7         22.7         15.0          33.3
3rd Quartile             21.7         13.6         30.0          16.7
4th Quartile              8.7         22.7         45.0           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.

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

Funds not ranked by Lipper are not included in percentages disclosed
on page 1. 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. Effective 02/25/05, Sharon Pichler is no longer the portfolio
   manager of Janus Federal Tax-Exempt Fund, and Doug Nelson is now
   the Fund manager.

3. Effective February 28, 2005, Janus Flexible Income Fund changed its
   name to Janus Flexible Bond Fund and added to its investment
   policy to state that at least 80% of its net assets (plus
   borrowings for investment purposes) will be invested in bonds.

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

    SOURCE: Janus Capital Group Inc.