Janus Announces March Assets under Management; First-Quarter Earnings Presentation Scheduled for Wednesday, April 20

Company Release - 4/11/2005 4:30 PM ET

DENVER--(BUSINESS WIRE)--April 11, 2005--For the month ended March 31, 2005, Janus Capital Group Inc. (NYSE:JNS) reported total assets under management of approximately $132.2 billion, which is down from the prior month's assets of $134.4 billion. This decrease of 1.6% reflects March's challenging market environment, which saw the S&P 500 and NASDAQ composite indexes lose 1.8% and 2.6%, respectively, during the month. Firmwide average assets under management during March were approximately $133.3 billion compared with February's average assets of $134.4 billion, a decrease of 0.8%. Excluding money markets, average assets in March were $124.5 billion.

Total long-term (non-money market) net outflows were $0.6 billion for the month, which is unchanged from February. The second and final phase of the previously disclosed ING redemption, which was expected to happen in March, will now occur in April and is estimated to be approximately $2.2 billion.

Janus' relative mutual fund performance remained strong in March. As of March 31, approximately 68% 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 three-year, total-return basis. In addition, more than 65% of the JIF funds were in the top half of their Lipper categories on a one-year period, based on total-returns. The relative performance of Janus' growth and core equity funds continued to be strong, with 83% and 73% of those funds ranking in Lipper's top quartile on a one- and three-year total return basis, respectively. (See Exhibit 2).

First-Quarter Financial Results

Janus Capital Group will release its first-quarter financial results before the market opens on Wednesday, April 20. The company will discuss its results during a conference call April 20 at 10:00 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) approximately one hour before the call. For those unable to join the conference call at the scheduled time, an audio replay will be available on www.janus.com.

The attached Exhibit 1 shows Janus' assets and flows by investment discipline for the first quarter of 2005. Exhibit 2 provides detailed Lipper rankings for the JIF funds.

Please note that this release marks the final monthly disclosure of Janus' assets under management and flows. As first announced in January 2005, this information will now 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.

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

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.

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 (04/05)

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' Annual Report on Form 10-K for the year ended December 31, 2004, 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)

                                                               Three
                                                               Months
                                     One Month Ended           Ended
                              ------------------------------ ---------
                              Jan. 31,  Feb. 28,  March 31,  March 31,
                                2005      2005      2005       2005
                              --------- --------- ---------- ---------
Growth Equity
 Beginning of period assets     $69.0     $65.4      $65.4     $69.0
 Sales                            0.9       0.6        0.5       1.9
 Redemptions                      2.1       1.5        1.5       5.1
                              --------- --------- ---------- ---------
 Net Sales (redemptions)         (1.2)     (0.9)      (1.0)     (3.1)
 Market appreciation             (2.5)      0.9       (0.7)     (2.3)
                              --------- --------- ---------- ---------
 End of period assets           $65.4     $65.4      $63.6     $63.6
                              ========= ========= ========== =========

Mathematical/Quantitative
 Beginning of period assets     $25.8     $26.0      $27.2     $25.8
 Sales                            0.8       0.7        0.9       2.4
 Redemptions                      0.1       0.1        0.2       0.4
                              --------- --------- ---------- ---------
 Net Sales (redemptions)          0.7       0.6        0.7       2.0
 Market appreciation             (0.5)      0.6          -       0.2
                              --------- --------- ---------- ---------
 End of period assets           $26.0     $27.2      $28.0     $28.0
                              ========= ========= ========== =========

Fixed Income
 Beginning of period assets      $6.2      $6.1       $6.0      $6.2
 Sales                            0.1       0.1        0.1       0.4
 Redemptions                      0.2       0.1        0.2       0.5
                              --------- --------- ---------- ---------
 Net Sales (redemptions)         (0.1)        -       (0.1)     (0.2)
 Market appreciation                -         -       (0.1)     (0.1)
                              --------- --------- ---------- ---------
 End of period assets            $6.1      $6.0       $5.9      $5.9
                              ========= ========= ========== =========

Core/Blend
 Beginning of period assets     $17.4     $16.8      $16.8     $17.4
 Sales                            0.2       0.2        0.2       0.7
 Redemptions                      0.4       0.5        0.4       1.4
                              --------- --------- ---------- ---------
 Net Sales (redemptions)         (0.2)     (0.3)      (0.2)     (0.7)
 Market appreciation             (0.4)      0.3       (0.2)     (0.3)
                              --------- --------- ---------- ---------
 End of period assets           $16.8     $16.8      $16.4     $16.4
                              ========= ========= ========== =========

Value
 Beginning of period assets      $9.8      $9.6      $10.0      $9.8
 Sales                            0.4       0.3        0.3       0.9
 Redemptions                      0.3       0.2        0.4       0.9
                              --------- --------- ---------- ---------
 Net Sales (redemptions)          0.1       0.1       (0.1)      0.1
 Market appreciation             (0.3)      0.4       (0.1)     (0.1)
                              --------- --------- ---------- ---------
 End of period assets            $9.6     $10.0       $9.8      $9.8
                              ========= ========= ========== =========

Money Market
 Beginning of period assets     $10.8      $8.9       $9.0     $10.8
 Sales                            3.9       4.3        4.2      12.3
 Redemptions                      5.7       4.2        4.7      14.6
                              --------- --------- ---------- ---------
 Net Sales (redemptions)         (1.8)      0.1       (0.5)     (2.3)
 Market appreciation                -         -          -         -
                              --------- --------- ---------- ---------
 End of period assets            $8.9      $9.0       $8.5      $8.5
                              ========= ========= ========== =========

Total
 Beginning of period assets    $139.0    $132.7     $134.4    $139.0
 Sales                            6.3       6.1        6.2      18.6
 Redemptions                      8.8       6.7        7.3      22.8
                              --------- --------- ---------- ---------
 Net Sales (redemptions)         (2.5)     (0.6)      (1.1)     (4.2)
 Market appreciation             (3.7)      2.2       (1.1)     (2.6)
                              --------- --------- ---------- ---------
 End of period assets          $132.7    $134.4     $132.2    $132.2
                              ========= ========= ========== =========

Total Excluding Money Markets
 Beginning of period assets    $128.2    $123.8     $125.4    $128.2
 Sales                            2.4       1.9        2.0       6.3
 Redemptions                      3.1       2.5        2.6       8.2
                              --------- --------- ---------- ---------
 Net Sales (redemptions)         (0.7)     (0.6)      (0.6)     (1.9)
 Market appreciation             (3.7)      2.2       (1.1)     (2.6)
                              --------- --------- ---------- ---------
 End of period assets          $123.8    $125.4     $123.7    $123.7
                              ========= ========= ========== =========


Total Excluding Mathematical/
Quantitative & Money Markets
 Beginning of period assets    $102.4     $97.8      $98.2    $102.4
 Sales                            1.6       1.2        1.1       3.9
 Redemptions                      3.0       2.4        2.5       7.8
                              --------- --------- ---------- ---------
 Net Sales (redemptions)         (1.4)     (1.2)      (1.3)     (3.9)
 Market appreciation             (3.2)      1.6       (1.1)     (2.7)
                              --------- --------- ---------- ---------
 End of period assets           $97.8     $98.2      $95.7     $95.7
                              ========= ========= ========== =========

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 3/31/05
                             -----------------------------------------
                                    1-Year                3-Year
                             --------------------- -------------------
                             Percentile   Rank /   Percentile   Rank /
                Lipper         Rank (%)   Total      Rank (%)   Total
                Category                  Funds                 Funds
                --------     ----------   ------   ----------   ------
Growth Funds
----------------------------------------------------------------------
Janus
 Enterprise     Mid-Cap
 Fund            Growth Funds     12      59/530        8       33/426
Janus Fund      Large-Cap
                 Growth Funds     14      86/652       42      226/547
Janus Mercury   Large-Cap
 Fund            Growth Funds     18     114/652       13       66/547
Janus Olympus   Multi-Cap
 Fund            Growth Funds     41     177/432       74      271/368
Janus Orion     Multi-Cap
 Fund            Growth Funds      9      36/432       13       47/368
Janus Twenty    Large-Cap
 Fund(1)         Growth Funds      2      10/652        3       11/547
Janus Venture   Small-Cap
 Fund(1)         Growth Funds     16      77/512       13       54/427
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Balanced  Balanced
 Fund            Funds            40     235/594       49      216/446
Janus Core      Large-Cap
 Equity Fund     Core Funds        4      35/908       15      109/774
Janus Growth
 and Income     Large-Cap
 Fund            Core Funds        8      71/908       21      156/774
Janus Risk-
 Managed Stock  Multi-Cap
 Fund            Core Funds        4      24/728        -            -
Janus
 Contrarian     Multi-Cap
 Fund            Core Funds        3      15/728        4       20/523
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Federal
 Tax-Exempt     General Muni
 Fund(2)         Debt Funds       92     261/284       75      194/261
Janus Flexible  Intermediate
 Bond Fund(3)    Inv Grade
                 Debt Funds       74     340/459       14       51/389
Janus High-     High Current
 Yield Fund      Yield Funds      56     230/415       82      287/350
Janus Short-    Short
 Term Bond       Investment
 Fund            Grade Debt
                 Funds            42      85/206       45       62/139
----------------------------------------------------------------------
International/
Global Funds
----------------------------------------------------------------------
Janus Global    Health/
 Life Sciences  Biotechnology
 Fund           Funds             24      43/179       41       63/155
Janus Global
 Opportunities
 Fund           Global Funds      48     149/315       32       82/259
Janus Global    Science &
 Technology      Technology
 Fund            Funds            53     156/294       59      162/276
Janus Overseas  International
 Fund            Funds            91     765/845       67      472/708
Janus
 Worldwide
 Fund           Global Funds      95     298/315       99      255/259
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid Cap
 Value Fund -  Mid-Cap Value
 Inv(4)          Funds            56     126/228       42       73/177
Janus Small
 Cap Value
 Fund -         Small-Cap
 Inv.(1,4)       Core Funds       52     293/572       72      337/472
----------------------------------------------------------------------



                                      Lipper Rankings Based
                                   on Total Returns as of 3/31/05
                             -----------------------------------------
                                    5-Year                10-Year
                             --------------------- -------------------
                             Percentile   Rank /   Percentile   Rank /
                Lipper         Rank (%)   Total      Rank (%)   Total
                Category                  Funds                 Funds
                --------     ----------   ------   ----------   ------
Growth Funds
----------------------------------------------------------------------
Janus
 Enterprise     Mid-Cap
 Fund            Growth Funds     92     264/288       59       65/110
Janus Fund      Large-Cap
                 Growth Funds     64     270/426       38       52/138
Janus Mercury   Large-Cap
 Fund            Growth Funds     82     347/426        3        4/138
Janus Olympus   Multi-Cap
 Fund            Growth Funds     73     179/245        -            -
Janus Orion     Multi-Cap
 Fund            Growth Funds      -           -        -            -
Janus Twenty    Large-Cap
 Fund(1)         Growth Funds     79     334/426        1        1/138
Janus Venture   Small-Cap
 Fund(1)         Growth Funds     71     224/316       37        31/83
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Balanced  Balanced
 Fund            Funds            63     229/364        8       12/166
Janus Core      Large-Cap
 Equity Fund     Core Funds       30     176/596        -            -
Janus Growth
 and Income     Large-Cap
 Fund            Core Funds       65     386/596        3        5/229
Janus Risk-
 Managed Stock  Multi-Cap
 Fund            Core Funds        -           -        -            -
Janus
 Contrarian     Multi-Cap
 Fund            Core Funds       20      70/360        -            -
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Federal
 Tax-Exempt     General Muni
 Fund(2)         Debt Funds       89     203/228       76      109/144
Janus Flexible  Intermediate
 Bond Fund(3)    Inv Grade
                 Debt Funds       63     168/267        8       10/136
Janus High-     High Current
 Yield Fund      Yield Funds      38     108/284        -            -
Janus Short-    Short
 Term Bond       Investment
 Fund            Grade Debt
                  Funds           57      60/105       32        18/56
----------------------------------------------------------------------
International/
Global Funds
----------------------------------------------------------------------
Janus Global    Health/
 Life Sciences  Biotechnology
 Fund           Funds             88       67/76        -            -
Janus Global
 Opportunities
 Fund           Global Funds       -           -        -            -
Janus Global    Science &
 Technology      Technology
 Fund            Funds            58      82/141        -            -
Janus Overseas  International
 Fund            Funds            83     425/512        5        8/171
Janus
 Worldwide
 Fund           Global Funds      92     176/192       33        20/61
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid Cap
 Value Fund -  Mid-Cap Value
 Inv(4)          Funds            26      26/100        -            -
Janus Small
 Cap Value
 Fund -         Small-Cap
 Inv.(1,4)       Core Funds       18      57/323        -            -
----------------------------------------------------------------------



                              Percent of JIF Funds per Lipper
                              Quartile based on Total Returns
                     -------------------------------------------------
                     1-Year        3-Year        5-Year        10-Year
----------------------------------------------------------------------
1st Quartile          47.9%         40.9%         10.0%          50.0%
2nd Quartile          17.4          27.3          15.0           33.4
3rd Quartile          21.7          22.7          40.0            8.3
4th Quartile          13.0           9.1          35.0            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 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
             Tamar Gerber, 303-336-4092
                 or
             Media Contact:
             Blair Johnson, 720-210-1439

    SOURCE: Janus Capital Group Inc.