Janus to Launch Adviser Series High-Yield Fund, Ad

*Janus Adviser:Risk Managed Large Cap Gwth/I (JCGIX)

*Janus Adviser High-Yield Fund

Avery said the move is designed to limit and discourage market timers and arbitrageurs. The fees offset costs resulting from short-term trading of the funds.

Janus also said Janus Adviser:Aggressive Growth Fund/I (JGRTX), which is managed by Jonathan Coleman, is changing its name to Janus Adviser Mid Cap Growth Fund, effective June 2.

"This is simply a name change to better reflect the style and category that this portfolio invests in," Avery noted.

Also, Janus Adviser:International Fund/I (JIGRX) is changing its name to Janus Adviser International Growth Fund. As earlier reported, Brent Lynn takes over this portfolio, succeeding Helen Young Hayes, who is retiring.

"This name change is being done primarily to distinguish it from our Janus Adviser International Value fund, and to clarify that this fund has a growth emphasis," said Avery. There will be no change in the funds' investment styles, he added.