Janus Appoints Co-Chief Investment Officers

Company Release - 11/6/2006 5:29 PM ET

DENVER--(BUSINESS WIRE)--

Janus Capital Group Inc. (NYSE: JNS) today announced that it appointed two portfolio managers - Jonathan Coleman and Gibson Smith - as Janus' co-chief investment officers (CIOs) in charge of its equity, fixed income and money-markets teams. In taking on these roles, Coleman and Smith will enable Janus CEO and Chief Investment Officer Gary Black to turn over his CIO responsibilities and focus his efforts on growing Janus' assets.

The new roles, which are effective immediately, will not change the co-CIOs' portfolio management responsibilities. Coleman will continue to run the U.S.-based Janus Enterprise Fund and other mid-cap growth portfolios sold through intermediary and institutional channels. Smith, who leads the firm's fixed income and money-market departments, will still manage U.S.-based Janus High-Yield Fund, Janus Short-Term Bond Fund and co-manage Janus Balanced Fund and related portfolios sold through U.S. and international intermediary and institutional channels.

Black said the co-CIOs' positions, which replace the firm's four investment-discipline CIOs, are a natural evolution of the investment team's leadership. "I appreciate the significant contributions that our other two investment-discipline CIOs, David Decker and Jason Yee, have made," Black said. "David is focused on running our first alternative-investment product - Janus Adviser Long/Short Fund - as well as Janus Contrarian Fund, while Jason will continue to manage Janus Worldwide Fund and its related portfolios."

In their new capacities, Coleman and Smith will oversee the company's investment process, including Janus' portfolio management, research, investment risk and trading.

"I chose Jonathan and Gibson because they are respected by their peers, know our business well and have strong leadership skills and complementary investment backgrounds," Black said. "As they assume responsibility for our investment team, which continues to deliver strong performance, I can devote more of my time to helping Janus grow."

Black noted that Janus' three-year relative performance is the highest it's been since June 2001. As of September 30, 2006, approximately 64%, 78% and 77% of the funds in the company's primary U.S.-based retail fund family, Janus Investment Fund (JIF), were in the top half of their Lipper categories on a one-, three- and five-year total-return basis, respectively. Detailed Lipper rankings and performance data for JIF funds are on pages 3-5.

About Janus Capital Group Inc.

Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) is a recognized leader of growth and risk-managed investment strategies. Our commitment to deliver for investors is rooted in our research-intensive approach and relentless passion to gain a competitive edge.

At the end of September 30, 2006, Janus managed approximately $158.3 billion in assets for more than four million shareholders, clients and institutions around the globe. Outside the U.S., Janus has offices in London, Milan, Tokyo and Hong Kong.

Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH), and Capital Group Partners, Inc. (doing business as Rapid Solutions Group). In addition, 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 www.janus.com. Read it carefully before you invest or send money.

Data presented reflects past performance, which is no guarantee of future results. Rankings referenced exclude money markets.

Funds distributed by Janus Distributors LLC (11/06).

Janus Investment Funds ("JIF")            Lipper Rankings Based
                                     on Total Returns as of 9/30/06
                                   -----------------------------------
                                        1-Year            3-Year
                                   ----------------- ----------------

                                   Percen-           Percen-
                                     tile    Rank/    tile    Rank/
              PM      Lipper         Rank    Total    Rank    Total
            Inception  Category      (%)      Funds    (%)     Funds
           ---------- ------------ -----------------------------------
Growth
 Funds
----------------------------------------------------------------------
                      Large-Cap
                       Growth
Janus Fund   Jan-06    Funds            13   90/717      30  183/612
Janus                 Large-Cap
 Twenty                Growth
 Fund(1)     Aug-97    Funds            49  346/717       1    2/612
Janus                 Large-Cap
 Mercury               Growth
 Fund        Jan-06    Funds            21  147/717       6   33/612
Janus                 Multi-Cap
 Olympus               Growth
 Fund(1)     Jun-06    Funds            55  232/427      42  151/366
Janus                 Mid-Cap
 Enterprise            Growth
 Fund        Jan-02    Funds            15   87/605       9   40/479
Janus                 Small-Cap
 Venture               Growth
 Fund(1)     Jan-01    Funds            19  101/558      18   79/463
                      Multi-Cap
Janus Orion            Growth
 Fund        Jun-00    Funds             9   35/427       1    1/366
Janus                 Small-Cap
 Triton                Growth
 Fund        Jun-06    Funds            10   55/558       -        -
Janus                 Multi-Cap
 Research              Growth
 Fund        Feb-05    Funds             2    7/427       -        -
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus
 Growth and
 Income               Large-Cap
 Fund        Dec-03    Core Funds       91  764/841      12   84/708
                      Mixed-Asset
Janus                  Target
 Balanced              Alloc. Mod.
 Fund        Apr-05    Funds            12   47/400      28   76/279
Janus
 Contrarian           Multi-Cap
 Fund        Feb-00    Core Funds        4   27/845       1    1/595
Janus
Funda-
mental
Equity                Large-Cap
 Fund        Apr-05    Core Funds       54  449/841       2    9/708
INTECH
 Risk-
 Managed              Multi-Cap
 Stock Fund  Feb-03    Core Funds       56  467/845       7   41/595
----------------------------------------------------------------------
International/
 Global Funds
----------------------------------------------------------------------
Janus
 Worldwide
 Fund        Jun-04   Global Funds      83  312/375      99  297/302
Janus                 Inter-
 Overseas             national
 Fund        Jun-03    Funds             1    1/925       1    1/775
Janus
 Global
 Life                 Health/Bio-
 Sciences             technology
 Fund        Dec-98   Funds             63  112/177      19   29/160
Janus
 Global               Science &
 Technology            Technology
 Fund        Jan-06    Funds            40  114/288      49  125/259
Janus
Global
Oppor-
tunities
Fund         Jun-01   Global Funds      98  367/375      93  280/302
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid
 Cap Value
 Fund -               Mid-Cap
 Inv(2)      Aug-98    Value Funds      48  135/286      40   89/222
Janus Small
 Cap Value
 Fund -               Small-Cap
 Inv.(1,2)   Feb-97    Core Funds       66  434/657      69  350/508
----------------------------------------------------------------------
Income
 Funds
----------------------------------------------------------------------
Janus                 Intermediate
 Flexible              Inv Grade
 Bond Fund   Dec-91    Debt Funds       38  183/486      50  212/426
Janus High-           High Current
 Yield Fund  Dec-03    Yield Funds      22   97/458      51  201/396
                      Short
Janus                  Investment
 Short-Term            Grade Debt
 Bond Fund   Jun-03    Funds            43   99/233      27   51/192
Janus
 Federal
 Tax-Exempt           General Muni
 Fund        Feb-05    Debt Funds       61  155/256      85  209/247
----------------------------------------------------------------------

Janus Investment Funds ("JIF")           Lipper Rankings Based
                                     on Total Returns as of 9/30/06
                                   -----------------------------------
                                        5-Year           10-Year
                                   ----------------- ----------------

                                   Percen-           Percen-
                                     tile    Rank/    tile    Rank/
              PM      Lipper         Rank    Total    Rank    Total
            Inception  Category      (%)      Funds    (%)     Funds
           ---------- ------------ -----------------------------------
Growth
 Funds
----------------------------------------------------------------------
                      Large-Cap
                       Growth
Janus Fund   Jan-06    Funds            34  168/498      42   71/171
Janus                 Large-Cap
 Twenty                Growth
 Fund(1)     Aug-97    Funds             4   18/498       1    1/171
Janus                 Large-Cap
 Mercury               Growth
 Fund        Jan-06    Funds            30  149/498       6   10/171
Janus                 Multi-Cap
 Olympus               Growth
 Fund(1)     Jun-06    Funds            42  123/295      28   28/101
Janus                 Mid-Cap
 Enterprise            Growth
 Fund        Jan-02    Funds            32  117/373      64   88/137
Janus                 Small-Cap
 Venture               Growth
 Fund(1)     Jan-01    Funds            16   58/370      39   51/132
                      Multi-Cap
Janus Orion            Growth
 Fund        Jun-00    Funds             5   13/295       -        -
Janus                 Small-Cap
 Triton                Growth
 Fund        Jun-06    Funds             -        -       -        -
Janus                 Multi-Cap
 Research              Growth
 Fund        Feb-05    Funds             -        -       -        -
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus
 Growth and
 Income               Large-Cap
 Fund        Dec-03    Core Funds       24  136/587       3    6/257
                      Mixed-Asset
Janus                  Target
 Balanced              Alloc. Mod.
 Fund        Apr-05    Funds            44   96/219       3     2/93
Janus
 Contrarian           Multi-Cap
 Fund        Feb-00    Core Funds        2    6/440       -        -
Janus
Funda-
mental
Equity                Large-Cap
 Fund        Apr-05    Core Funds        5   25/587       2    3/257
INTECH
 Risk-
 Managed              Multi-Cap
 Stock Fund  Feb-03    Core Funds        -        -       -        -
----------------------------------------------------------------------
International/
 Global Funds
----------------------------------------------------------------------
Janus
 Worldwide
 Fund        Jun-04   Global Funds      98  227/233      68    61/89
Janus                 Inter-
 Overseas             national
 Fund        Jun-03    Funds             9   57/641       4    9/249
Janus
 Global
 Life                 Health/Bio-
 Sciences             technology
 Fund        Dec-98   Funds             50   65/129       -        -
Janus
 Global               Science &
 Technology            Technology
 Fund        Jan-06    Funds            55  124/227       -        -
Janus
Global
Oppor-
tunities
Fund         Jun-01   Global Funds      39   90/233       -        -
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid
 Cap Value
 Fund -               Mid-Cap
 Inv(2)      Aug-98    Value Funds      27   41/151       -        -
Janus Small
 Cap Value
 Fund -               Small-Cap
 Inv.(1,2)   Feb-97    Core Funds       58  230/397       -        -
----------------------------------------------------------------------
Income
 Funds
----------------------------------------------------------------------
Janus                 Intermediate
 Flexible              Inv Grade
 Bond Fund   Dec-91    Debt Funds       19   63/340      29   44/151
Janus High-           High Current
 Yield Fund  Dec-03    Yield Funds      61  196/321      14   16/120
                      Short
Janus                  Investment
 Short-Term            Grade Debt
 Bond Fund   Jun-03    Funds            41   57/139      23    16/71
Janus
 Federal
 Tax-Exempt           General Muni
 Fund        Feb-05    Debt Funds       72  158/220      83  120/145
----------------------------------------------------------------------

Janus Investment Funds ("JIF")            Lipper Rankings Based
                                     on Total Returns as of 9/30/06
                                   -----------------------------------
                                           Since PM Inception
                                   -----------------------------------


              PM      Lipper          Percentile            Rank/
            Inception  Category        Rank (%)          Total Funds
           ---------- ------------ -----------------------------------
Growth
 Funds
----------------------------------------------------------------------
                      Large-Cap
                       Growth
Janus Fund   Jan-06    Funds                      ++
Janus                 Large-Cap
 Twenty                Growth
 Fund(1)     Aug-97    Funds                      4             9/234
Janus                 Large-Cap
 Mercury               Growth
 Fund        Jan-06    Funds                      ++
Janus                 Multi-Cap
 Olympus               Growth
 Fund(1)     Jun-06    Funds                      ++
Janus                 Mid-Cap
 Enterprise            Growth
 Fund        Jan-02    Funds                     12            47/392
Janus                 Small-Cap
 Venture               Growth
 Fund(1)     Jan-01    Funds                     25            86/344
                      Multi-Cap
Janus Orion            Growth
 Fund        Jun-00    Funds                     31            69/223
Janus                 Small-Cap
 Triton                Growth
 Fund        Jun-06    Funds                      ++
Janus                 Multi-Cap
 Research              Growth
 Fund        Feb-05    Funds                      2             5/401
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus
 Growth and
 Income               Large-Cap
 Fund        Dec-03    Core Funds                12            80/717
                      Mixed-Asset
Janus                  Target
 Balanced              Alloc. Mod.
 Fund        Apr-05    Funds                      8            31/389
Janus
 Contrarian           Multi-Cap
 Fund        Feb-00    Core Funds                11            34/333
Janus
Funda-
mental
Equity                Large-Cap
 Fund        Apr-05    Core Funds                 2            10/809
INTECH
 Risk-
 Managed              Multi-Cap
 Stock Fund  Feb-03    Core Funds                23           125/565
----------------------------------------------------------------------
International/
 Global Funds
----------------------------------------------------------------------
Janus
 Worldwide
 Fund        Jun-04   Global Funds               90           286/320
Janus                 Inter-
 Overseas             national
 Fund        Jun-03    Funds                      1             1/759
Janus
 Global
 Life                 Health/Bio-
 Sciences             technology
 Fund        Dec-98   Funds                      37             18/48
Janus
 Global               Science &
 Technology            Technology
 Fund        Jan-06    Funds                      ++
Janus
Global
Oppor-
tunities
Fund         Jun-01   Global Funds               25            57/227
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Mid
 Cap Value
 Fund -               Mid-Cap
 Inv(2)      Aug-98    Value Funds                4              3/77
Janus Small
 Cap Value
 Fund -               Small-Cap
 Inv.(1,2)   Feb-97    Core Funds                13            17/134
----------------------------------------------------------------------
Income
 Funds
----------------------------------------------------------------------
Janus                 Intermediate
 Flexible              Inv Grade
 Bond Fund   Dec-91    Debt Funds                 4              2/55
Janus High-           High Current
 Yield Fund  Dec-03    Yield Funds               40           159/403
                      Short
Janus                  Investment
 Short-Term            Grade Debt
 Bond Fund   Jun-03    Funds                     25            45/180
Janus
 Federal
 Tax-Exempt           General Muni
 Fund        Feb-05    Debt Funds                53           133/251
----------------------------------------------------------------------
                   Percent of JIF Funds per Lipper Quartile based on
                                      Total Returns
                   ---------------------------------------------------
                                                            Since PM
                    1-Year    3-Year    5-Year   10-Year    Inception
----------------------------------------------------------------------
1st Quartile          44.0%     47.8%     36.4%     53.3%        75.0%
2nd Quartile          20.0%     30.4%     40.9%     26.7%        15.0%
3rd Quartile          24.0%      8.7%     18.2%     13.3%         5.0%
4th Quartile          12.0%     13.0%      4.5%      6.7%         5.0%
----------------------------------------------------------------------

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. If an expense waiver was in effect, it may have had a material effect on the total return or yield for the period.

Data presented reflects past performance, which is no guarantee of future results.

    Notes:

    (1) Closed to new investors

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

    ++ The Fund's since PM-Inception ranking is not available.

Data presented reflects past performance, which is no guarantee of future results. Investment results and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, current performance may be higher or lower than the performance shown. Call 1-800-975-9932 or visit www.janus.com for performance current to the most recent month-end.

See notes to performance on the following page.

Janus Investment Fund ("JIF")
                                    Average Annual Total Returns (%)
                                       for Periods Ended 9/30/06(1)
                                   -----------------------------------

                                                                 Life
                         Inception                                of
                            Date   1 Year 3 Year 5 Year 10 Year   Fund
                         --------- ------ ------ ------ ------- ------
Growth Funds
----------------------------------------------------------------------
Janus Fund                   2/70   6.72   8.91   4.36    5.85  13.67
Janus Twenty Fund(2)         4/85   3.87  15.28   7.69    9.53  13.10
Janus Mercury Fund(3)        5/93   5.99  11.19   4.61    7.94  12.15
Janus Olympus Fund(2)       12/95   4.13  11.26   6.84    8.90  10.72
Janus Enterprise Fund        9/92   9.17  16.41   9.49    6.15  11.10
Janus Venture Fund(2,4)      4/85   7.95  14.07  12.79    8.44  13.16
Janus Orion Fund(5,6)        6/00  12.24  20.01  13.21      --  (1.52)
Janus Triton Fund(4)         2/05   9.88     --     --      --  13.17
Janus Research Fund(5,7)     2/05  15.06     --     --      --  18.09
----------------------------------------------------------------------
Core Funds
----------------------------------------------------------------------
Janus Growth and Income
 Fund(4)                     5/91   4.90  13.33   6.82   10.80  13.12
Janus Balanced Fund          9/92   9.75   9.84   6.71    9.61  11.13
Janus Contrarian
 Fund(5,9)                   2/00  13.55  22.20  16.64      --   8.92
Janus Fundamental Equity
 Fund(8)                     6/96   8.93  16.17   9.12   11.39  12.60
INTECH Risk-Managed
 Stock Fund(10,11)           2/03   8.36  15.86     --      --  18.11
----------------------------------------------------------------------
International/Global
 Funds
----------------------------------------------------------------------
Janus Worldwide Fund(10)     5/91  10.12  10.32   4.25    6.13  10.78
Janus Overseas
 Fund(5,8,10,12,13)          5/94  36.62  31.63  18.68   13.26  14.14
Janus Global Life
 Sciences Fund(8,10)        12/98   1.41  12.07   4.05      --   9.47
Janus Global Technology
 Fund(5,8,10)               12/98   5.76   7.91   5.07      --   2.56
Janus Global
 Opportunities Fund(10)      6/01   6.02  11.96  10.99      --   8.53
----------------------------------------------------------------------
Value Funds
----------------------------------------------------------------------
Janus Small Cap Value
 Fund - Inv.(2,6,14)        10/87   5.91  14.03  13.20   14.71  14.21
Janus Mid Cap Value Fund
 - Inv.(6,8,15)              8/98   9.31  17.09  15.43      --  17.08
----------------------------------------------------------------------
Income Funds
----------------------------------------------------------------------
Janus Flexible Bond
 Fund(8,16,17)               7/87   3.32   2.98   4.98    6.08   7.50
Janus High-Yield
 Fund(6,8,10,16,17)         12/95   7.80   7.90   8.53    6.96   8.20
Janus Short-Term Bond
 Fund(8,16,17,18)            9/92   3.63   2.39   2.92    4.81   4.67
Janus Federal Tax-Exempt
 Fund(8,16,17,18.19)         5/93   3.81   2.91   3.98    4.47   4.60
----------------------------------------------------------------------
    Notes:

    (1) All figures unaudited.

    (2) Closed to new investors.

    (3) Effective on or about December 31, 2006, Janus Mercury Fund
        will change its name to "Janus Research Fund." The Fund will
        continue to be managed with the same investment objective and
        strategies.

    (4) This Fund has been significantly impacted, either positively
        or negatively, by investing in initial public offerings
        (IPOs).

    (5) This Fund may have significant exposure to emerging markets.
        In general, emerging market investments have historically been
        subject to significant gains and/or losses. As such, the
        Fund's returns and NAV may be subject to such volatility.

    (6) Due to certain investment strategies, some funds may have an
        increased position in cash.

    (7) Effective on or about December 31, 2006, Janus Research Fund
        will change its name to "Janus Global Research Fund" and adopt
        an additional investment strategy to normally invest at least
        40% of its net assets in securities of issuers from different
        countries located throughout the world, excluding the United
        States.

    (8) The Fund will invest at least 80% of its net assets in the
        type of securities described by its name.

    (9) The Fund held approximately 15.74% of its assets in
        Indian securities as of June 30, 2006 and the Fund has
        experienced significant gains due, in part, to its investments
        in India. While holdings are subject to change without notice,
        the Fund's returns and NAV may be affected to a large degree
        by fluctuations in currency exchange rates or political or
        economic conditions in India.

    (10) A 2% redemption fee may be imposed on shares held for 3
        months or less. Performance shown does not reflect this
        redemption fee and, if reflected, performance would have been
        lower.

    (11) For certain periods, the Fund's performance reflects the
        effect of expense waivers. Without the effect of these expense
        waivers, the performance shown would have been lower.

    (12) Returns have sustained significant gains due to market
        volatility in the financials sector.

    (13) The Fund held approximately 15.1% and 15.37% of its assets in
        India and Brazil securities, respectively, as of June 30,
        2006, and the Fund has experienced significant gains due, in
        part, to its investments in India and Brazil. While holdings
        are subject to change without notice, the Fund's returns and
        NAV may be affected to a large degree by fluctuations in
        currency exchange rates or political or economic conditions
        in India and/or Brazil.

    (14) Returns shown for Janus Small Cap Value Fund prior to April
        21, 2003 are those of Berger Small Cap Value Fund.

    (15) Returns shown for Janus Mid Cap Value Fund prior to April 21,
        2003 are those of Berger Mid Cap Value Fund.

    (16) Bond funds have the same interest rate, inflation, and credit
        risks that are associated with the underlying bonds owned by
        the Fund. Unlike owning individual bonds, there are ongoing
        fees and expenses associated with owning shares of bonds
        funds. The return of principal is not guaranteed due to net
        asset value fluctuation that is caused by changes in the price
        of specific bonds held in the Fund and selling of bonds within
        the fund by the portfolio manager.

    (17) As of September 30, 2006, the 30-day SEC Yield was 3.90% on
        Janus Federal Tax-Exempt Fund, 4.68% on Janus Flexible Bond
        Fund, 7.68% on Janus High-Yield Fund and 4.68% on Janus
        Short-Term Bond Fund.

    (18) Janus Capital has contractually agreed to waive Janus
        Short-Term Bond Fund and Janus Federal Tax-Exempt Fund's total
        operating expenses to the levels indicated in the prospectus
        until at least march 1, 2007. Without such waivers, Janus
        Short-Term Bond Fund and Janus Federal Tax-Exempt Fund's yield
        as of September 30, 2006 would have been 4.26% and 3.46%,
        respectively and total returns would have been lower.

    (19) Income may be subject to state or local taxes and to a
        limited extent certain federal tax. Capital gains are subject
        to federal, state and local taxes.

Differences between compared investments may include objectives, sales and management fees, liquidity, volatility, tax features and other features, which may result in differences in performance.

A fund's performance may be affected by risks that include those associated with non-diversification, investments in foreign securities and emerging markets, non-investment grade debt securities, undervalued or overlooked companies, companies with relatively small market capitalizations and investments in specific industries or countries. Please see a Janus prospectus or janus.com for more information about fund holdings and details.

112-07-938

Source: Janus Capital Group Inc.

Contact: Janus Capital Group Inc. Blair Johnson, 720-210-1439 Shelley Peterson, 303-316-5625 James Aber, 303-336-4513