Exhibit 7(bb)
LETTER AGREEMENT
February 15, 2005
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Associate Counsel
State Street Bank and Trust Company
Global Investor Services Group
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Dear ▇▇. ▇▇▇▇:
This letter is to notify you that Janus Aspen Series (the "Trust") has changed
the name of Flexible Income Portfolio to Flexible Bond Portfolio (the
"Portfolio") effective May 1, 2005. The Trust requests confirmation that all
references to "Flexible Income Portfolio" in the Custodian Contract dated
September 13, 1993, as amended, between the Trust and State Street Bank and
Trust Company ("State Street") (the "Custodian Contract"), shall be replaced
with "Flexible Bond Portfolio," and that State Street will continue to act as
custodian for the Portfolio 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 ASPEN 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: ▇▇▇▇▇ ▇▇▇▇