0001035704-06-000034 Sample Contracts

WITNESSETH:
Investment Advisory Agreement • January 12th, 2006 • Janus Adviser Series • Colorado
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Exhibit 8(iii) Janus Adviser Series 151 Detroit Street Denver, Colorado 80206 Ladies and Gentlemen: As you know, Section 5 of our Investment Advisory Agreement provides for compensation payable to Janus Capital Management LLC ("JCM") with respect to...
Janus Adviser Series • January 12th, 2006

As you know, Section 5 of our Investment Advisory Agreement provides for compensation payable to Janus Capital Management LLC ("JCM") with respect to Janus Adviser Long/Short Fund (the "Fund"). This letter is to inform you that JCM will waive all or a portion of its fee, as applicable, from the date of commencement of operations of the Fund until December 1, 2007, under the following conditions:

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