[Janus letterhead] Exhibit 7(d)
LETTER AGREEMENT
July 6, 2004
Xx. Xxxx Xxxx
Associate Counsel
State Street Bank and Trust Company
Global Investor Services Group
0 Xxxxxx xx Xxxxxxxxx XXX0X
Xxxxxx, Xxxxxxxxxxxxx 00000
Dear Xx. Xxxx:
This letter is to notify you that Janus Adviser (the "Trust") has changed the
name of U.S. Value Fund to Focused Value Fund (the "Fund"), effective July 6,
2004. The Trust requests confirmation that all references to "U.S. Value Fund"
in the Custodian Contract dated October 14, 2003 between the Trust and State
Street Bank and Trust Company ("State Street") (the "Custodian Contract"), shall
be replaced with "Focused Value Fund," as referenced in the attached amended
Appendix A, and that State Street will continue to act as custodian for the Fund
for the limited purpose described under the terms of the Custodian Contract.
Please indicate your acceptance of the foregoing by executing two copies of this
letter, returning one copy to the Trust and retaining one copy for your records.
JANUS ADVISER
By: /s/ Xxxxxx Xxxxxx Xxxxx
---------------------------------------------
Xxxxxx Xxxxxx Xxxxx
Vice President, General Counsel and Secretary
STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxx X. Xxxxxx
---------------------------------------------
Agreed to this 30th day of June, 2004.
cc: Xxxxxx Xxxx
Xxxxx Xxxx
AMENDED
APPENDIX A
TO
CUSTODIAN CONTRACT
Between
State Street Bank and Trust Company and
Janus Adviser, on behalf of its portfolios
Dated July 6, 2004
JANUS ADVISER
FOCUSED VALUE FUND
INTERNATIONAL EQUITY FUND
