Exhibit 7(u)
[Janus Letterhead]
LETTER AGREEMENT
February 15, 2005
▇▇. ▇▇▇▇ ▇▇▇▇
Associate Counsel
State Street Bank and Trust Company
Global Investor Services Group
▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇:
This letter is to notify you that Janus Adviser Series (the "Trust") has changed
the name of ▇▇▇▇▇ Adviser Growth Fund to Janus Adviser Large Cap Growth Fund
(the "Fund"), effective February 28, 2005. The Trust requests confirmation that
all references to "Janus Adviser Growth Fund" in the Custodian Contract dated
June 29, 2000, as amended, between the Trust and State Street Bank and Trust
Company ("State Street") (the "Custodian Contract"), shall be replaced with
"Janus Adviser Large Cap Growth Fund," and that State Street will continue to
act as custodian for the Fund 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 SERIES
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, President and Chief Executive Officer
STATE STREET BANK AND TRUST COMPANY
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Agreed to this 22nd day of February, 2005.
cc: ▇▇▇▇▇ ▇▇▇▇