Subject: File No. 3-11590
From: William A Oran, Ph.D.
Affiliation: Retired Physicist

October 19, 2007

I am still mad at Janus for allowing the market timers into their funds, but I am angrier at the SEC for delaying the compensation so long.

Justice delayed is justice denied.

I don't know if I understand the compensation formula, but it seems as reasonable as anything.

Lets get it on