Exhibit (h)(46)

                                FORM OF AGREEMENT

      Agreement, dated July 6, 2009, between Janus Capital Management LLC, a
Delaware limited liability company ("JCM"), and Janus Investment Fund, a
Massachusetts Business Trust (the "Trust").

      Pursuant to the Investment Advisory Agreement between JCM and the Trust,
with respect to INTECH Risk-Managed Growth Fund, that provides that JCM may
perform certain administrative and clerical functions and shall be reimbursed
for the costs thereof or receive such compensation therefor as may be agreed
upon from time to time, JCM and the Trust agree as follows:

      1. JCM shall perform all necessary and appropriate internal accounting,
recordkeeping, and blue sky monitoring and registration functions of the Fund,
including the preparation of reports and returns incidental thereto.

      2. The Fund shall reimburse to JCM on a monthly basis the reasonable costs
incurred by JCM in performing the functions described herein, including without
limitation the salaries of JCM personnel performing those functions, applicable
systems costs, and other ancillary costs such as costs associated with DTC
confirms and the costs of the pricing feed into such systems.

                                JANUS CAPITAL MANAGEMENT LLC

                                By:
                                    -------------------------------------------
                                    Heidi W. Hardin, Senior Vice President,
                                    General Counsel and Secretary

                                JANUS INVESTMENT FUND

                                By:
                                    --------------------------------------------
                                    Stephanie Grauerholz-Lofton, Vice President,
                                    Chief Legal Counsel and Secretary