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To: Glenn D. Rudolph who wrote (124536)	5/3/2001 10:03:10 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>KANSAS CITY, Mo., May 1 (Reuters) - Stilwell Financial Inc. (NYSE:SV), parent of the Janus Capital Corp. mutual fund family, on Tuesday said assets under management rose 11.2 percent to $229 billion in April, as financial markets rebounded. Stilwell, a financial services company that includes the Berger LLC fund family as well as Janus, said it had assets under management of $206 billion at the end of March. The technology-heavy Nasdaq composite index , home to many of Janus's investments, rose 15 percent in April after hitting two-year lows on April 4. Stilwell's average assets under management in April were $215 billion and in the first four months of the year average assets were about $239 billion, down from the $246 billion in the first quarter, the company said. Stilwell also said it netted about $675 million from the private sale last week of 30-year zero-coupon convertible bonds. The sale was originally set at about $600 million but increased in size. Stilwell said it used $610 million to buy 600,000 shares in its Janus unit from Janus Chairman Thomas Bailey, and will use the remainder for general corporate purposes. After the purchase the company will own about 90.2 percent of Janus, the company said.