Form of AMENDMENT TO JANUS INVESTMENT FUND SUB-ADVISORY AGREEMENT INTECH RISK- MANAGED GROWTH FUND

Exhibit (d)(204)

Form of

AMENDMENT TO

JANUS INVESTMENT FUND

SUB-ADVISORY AGREEMENT

INTECH RISK-MANAGED GROWTH FUND

     THIS AMENDMENT is made this [ ] Day of [ ], between JANUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (“Janus”), and INTECH INVESMENT MANGEMENT LLC, a Delaware limited liability company (“INTECH”).

W I T N E S S E T H

     WHEREAS, Janus and INTECH are parties to a Sub-Advisory Agreement on behalf of INTECH Risk-Managed Growth Fund (the “Fund”), a series of Janus Investment Fund (the “Trust”), dated July 6, 2009 (the “Agreement”);

     WHEREAS, the parties desire to amend the Agreement as set forth in greater detail below;

     WHEREAS, pursuant to Section 11 of the Agreement, any amendment to the Agreement is subject to approval (i) by a majority of the Trustees, including a majority of the Trustees who are not interested persons (as that phrase is defined in Section 2(a)(19) of the 0000 Xxx) of any party to this Agreement and, if required by applicable law, (ii) by the affirmative vote of a majority of the outstanding voting securities of the Fund (as that phrase is defined in Section 2(a)(42) of the 1940 Act);

     WHEREAS, the parties have obtained Trustee approval as set forth above, and the parties agree that a shareholder vote is not required to amend the Agreement;

     WHEREAS, the name of INTECH Risk-Managed Growth Fund has been changed to INTECH U.S. Growth Fund.

     NOW, THEREFORE, in consideration of the premises and of the mutual agreements set forth below, the parties agree to amend the Agreement as follows:

     1. All references to INTECH Risk-Managed Growth Fund are deleted and replaced with INTECH U.S. Growth Fund.

     2. The parties acknowledge that the Agreement, as amended, remains in full force and effect as of the date of this Amendment, and that this Amendment, together with the Agreement and any prior amendments, contains the entire understanding and the full and complete agreement of the parties and supercedes and replaces any prior understandings and agreements among the parties respecting the subject matter hereof.

     3. This Amendment may be contemporaneously executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

     IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Amendment as of the date first above written.

		JANUS CAPITAL MANAGEMENT LLC
		By:
		Name: Title:		Xxxxxxxxx Xxxxxxxxxx-Xxxxxx Vice President and Assistant General Counsel
		INTECH INVESTMENT MANAGEMENT LLC
		By:
		Name:
		Title: