Document:

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                                                                    EXHIBIT 10.2

                                    EIGHTH AMENDMENT dated as of April 14, 2004
                           (this "Amendment"), among JANUS CAPITAL GROUP INC., a
                           Delaware corporation formerly known as Stilwell
                           Financial Inc. (the "Borrower"), the lenders party
                           hereto (the "Lenders") and CITIBANK, N.A., as
                           administrative agent (in such capacity, the "Agent")
                           and as swingline lender.

                  Reference is made to the Five-Year Credit Agreement dated
December 7, 2000 (as amended, supplemented or otherwise modified from time to
time, the "Five-Year Agreement"), among the Borrower, the Lenders party thereto,
Wells Fargo Bank West, N.A., as documentation agent, JPMorgan Chase Bank, as
syndication agent, and the Agent. Capitalized terms used but not otherwise
defined herein have the meanings assigned to them in the Five-Year Agreement as
amended hereby.

                  The Borrower has informed the Lenders that it intends to
commence an exchange offer pursuant to which it will issue unsecured senior
notes due 2014 in an aggregate principal amount not to exceed $700,000,000 in
exchange for any combination of (a) its 7% senior notes due November 1, 2006
(the "2006 Notes"), together with all accrued interest and other amounts due
thereunder, and (b) its 7.75% senior notes due June 15, 2009 (the "2009 Notes"),
together with all accrued interest and other amounts due thereunder. In
connection with such transactions, the Borrower will incur for a period of no
longer than 65 days additional Indebtedness in an aggregate principal amount not
to exceed $100,000,000 to pay the amount by which the price offered for the 2006
Notes and 2009 Notes in the Exchange Transaction exceeds the principal of and
interest and other amounts accrued or owed with respect to such Notes.

                  The Borrower has requested that the Lenders consent to the
temporary incurrence of additional Indebtedness described in the preceding
paragraph and agree to amend certain provisions of the Five-Year Agreement as
set forth in this Amendment, and the Lenders whose signatures appear below,
constituting at least the Required Lenders, are willing to agree to such waivers
and amendments on the terms and subject to the conditions set forth herein.

                  Accordingly, in consideration of the mutual agreements herein
contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto hereby agree as follows:

                  SECTION 1. Amendment of Section 1.01. The following new
definitions are inserted in the appropriate alphabetical in Section 1.01 of the
Five-Year Agreement:

                           "'Eighth Amendment' shall mean the Eighth Amendment
                  dated as of April 14, 2004, to this Agreement."

                           "'Exchange Transaction' shall mean the issuance by
                  the Borrower of unsecured senior notes due 2014 in an
                  aggregate principal amount not to exceed

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                  $700,000,000 in exchange for any combination of (a) its 7%
                  senior notes due November 1, 2006 (the "2006 Notes"), together
                  with all accrued interest and other amounts due thereunder,
                  and (b) its 7.75% senior notes due June 15, 2009 (the "2009
                  Notes"), together with all accrued interest and other amounts
                  due thereunder, and the incurrence for a period not to exceed
                  65 days of additional Indebtedness to pay the amount by which
                  the price offered for the 2006 Notes and 2009 Notes in the
                  exchange exceeds the principal of and interest and other
                  amounts accrued or owed with respect to such Notes."

                           "'Leverage Ratio' shall mean, on any date, the ratio
                  of (a) Consolidated Total Indebtedness as of such date
                  (excluding the Secured Portion of any Indebtedness referred to
                  in Section 6.01(a)(viii) and any Indebtedness referred to in
                  Section 6.01(a)(xii)) to (b) Consolidated EBITDA for the
                  period of four consecutive fiscal quarters of Stilwell ended
                  on such date (or, if such date is not the last day of a fiscal
                  quarter, on the last day of the fiscal quarter of Stilwell
                  most recently ended prior to such date)."

                           "'Liquid Assets' shall mean unencumbered cash, cash
                  equivalents, unused cash available under any equity
                  monetization and/or hedging transactions described under
                  Section 6.01(a)(viii), and other readily marketable securities
                  (it being understood that the equity of the Borrower held by
                  any Related Subsidiary shall not qualify as 'Liquid Assets'
                  hereunder), the value of which shall be deemed to be the
                  amount of cash which would be realized upon prompt liquidation
                  of such securities."

                           "'Secured Portion' shall mean, with respect to any
                  Indebtedness under Section 6.01(a)(viii), either of the
                  following as applicable: for 'European Options', up to the
                  present value of the put strike; or, for 'American Options',
                  up to the strike price."

                  SECTION 2. Amendment of Section 5.08. Section 5.08 of the
Five-Year Agreement is hereby amended by inserting ", (viii) (excluding the
Secured Portion of any Indebtedness)" immediately after "(v)".

                  SECTION 3. Amendment of Section 6.01(a). Section 6.01(a) of
the Five-Year Agreement is hereby amended as follows:

                  (a) Paragraph (viii) of Section 6.01(a) is amended to read as
         follows:

                                    (viii) at any time after the completion of
                           the Exchange Transaction, Indebtedness of the
                           Borrower and its Related Subsidiaries incurred
                           pursuant to any equity monetization and/or hedging
                           transactions entered into with respect to shares of
                           capital stock of DST Systems; provided that the
                           aggregate principal amount of such Indebtedness shall
                           not at any time exceed the greater of (x) (A)
                           7,424,052 multiplied by (B) the closing price on the
                           New York Stock Exchange of a share of capital stock
                           of DST Systems on the date any applicable equity
                           monetization and/or hedging transaction in connection
                           with shares of capital stock of DST Systems is

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                           entered into or (y) the current value of the collared
                           floor under such equitization and/or hedging
                           transactions.

                  (b) Section 6.01(a)(xi) of the Five-Year Agreement is amended
         to read as follows:

                                    "(xi) other Indebtedness of Stilwell and its
                           Related Subsidiaries that is not secured by any Lien
                           in an aggregate principal amount at any time
                           outstanding that does not exceed $856,000,000
                           (excluding Indebtedness permitted pursuant to Section
                           6.01(a)(xii)) minus the aggregate principal amount of
                           any Indebtedness outstanding under this paragraph
                           (other than Indebtedness referred to in the
                           parenthetical above) that shall have been repaid,
                           prepaid, redeemed, purchased or defeased by Stilwell
                           or any other Related Subsidiary, including any such
                           Indebtedness of either Borrower or any Related
                           Subsidiary of either Borrower originally owed to
                           third parties and purchased by either Borrower or any
                           Related Subsidiary of either Borrower (other, in each
                           case, than Indebtedness repaid, prepaid, redeemed,
                           purchased or defeased with the proceeds of new
                           Indebtedness issued for the specific purpose of
                           providing funds for any such repayment, prepayment,
                           redemption or purchase); provided that with respect
                           to any such Indebtedness issued or incurred to
                           extend, renew or refinance existing Indebtedness, the
                           principal thereof is not by its terms required to be
                           repaid, prepaid, redeemed, purchased or defeased, in
                           whole or in part, at the option of any holder thereof
                           or on any date prior to the Maturity Date; provided
                           further that the incurrence of such Indebtedness
                           would not cause a Default or an Event of Default
                           under any other Section of this Agreement."

                  (c) by adding a new Section 6.01(a)(xii) that reads in its
         entirety as follows:

                                    (xii) only during the period commencing on
                           the date of the effectiveness of the Eighth Amendment
                           and ending 65 days thereafter, an aggregate principal
                           amount not to exceed $100,000,000 of Indebtedness of
                           Stilwell outstanding in connection with the Exchange
                           Transaction.

                  SECTION 4. Amendment of Section 6.02(g). Section 6.02(g) of
the Five-Year Agreement is hereby amended to read in its entirety as follows:

                           "(g) Liens on shares of the capital stock of DST
                  Systems or on any other financial instruments incorporated as
                  part of a monetization and/or hedging transaction thereof
                  securing Indebtedness described under Section 6.01(a)(viii);"

                  SECTION 5. Amendment of Section 6.04. Section 6.04(c)(iv) of
the Five-Year Agreement is hereby amended to read in it entirety as follows:

                           "(iv) Stilwell may (x) sell the common stock of DST
                  Systems for cash, (y) exchange the common stock of DST Systems
                  for the common stock of publicly-traded entity whose senior
                  unsecured non-credit enhanced long-term indebtedness for
                  borrowed money is rated Baa3 or better by Moody's Investors
                  Service or BBB- by Standard and Poor's, in either case to a
                  third party buyer that

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                  is not an Affiliate of Stilwell, or (z) sell, transfer,
                  encumber, or otherwise dispose of the common stock of DST
                  Systems pursuant to any equity monetization and/or hedging
                  transactions as described under Section 6.01(a)(viii)."

                  SECTION 6. Amendment to Section 6.06. Section 6.06 of the
Five-Year Agreement is hereby amended by inserting the following language at the
beginning of the Section:

                           "Except with respect to any equity monetization
                  and/or hedging transactions as described under Section
                  6.01(a)(viii),"

                  SECTION 7. Amendment of Section 6.09. Section 6.09 of the
Five-Year Agreement is hereby amended to read in its entirety as follows:

                           "SECTION 6.09. Limitation on Investment in JCG
                  Partners. Except for any contributions or other transfers of
                  call and/or put options to JCG Partners in connection with the
                  Exchange Transaction, such Borrower shall not make, or permit
                  any Related Subsidiary to make, any loans, advances or capital
                  contributions to, or other investments of any kind in, JCG
                  Partners or any of its subsidiaries, except that JCG Inc. may
                  make regularly scheduled payments of interest and principal in
                  respect of any Indebtedness of JCG Inc. that shall have been
                  purchased or otherwise acquired by JCG Partners from third
                  parties."

                  SECTION 8. Representations, Warranties and Agreements. The
Borrower hereby represents and warrants to and agrees with each Lender and the
Agent that:

                  (a) The representations and warranties of the Borrower set
         forth in Article III of the Five-Year Agreement, after giving effect to
         this Amendment, are true and correct in all material respects with the
         same effect as if made on the Amendment Effective Date, except to the
         extent such representations and warranties expressly relate to an
         earlier date.

                  (b) The Borrower has the requisite power and authority to
         execute, deliver and perform its obligations under this Amendment and
         to perform its obligations under the Five-Year Agreement, as amended
         and waived by this Amendment.

                  (c) This Amendment has been duly executed and delivered by the
         Borrower. The Five-Year Agreement, as amended and waived by this
         Amendment, constitutes a legal, valid and binding obligation of the
         Borrower, enforceable against the Borrower in accordance with its
         terms, except as enforceability may be limited by (i) any applicable
         bankruptcy, insolvency, reorganization, moratorium or similar laws
         affecting the enforcement of creditors' rights generally and (ii)
         general principles of equity.

                  (d) As of the Amendment Effective Date, no Event of Default or
         Default has occurred and is continuing.

                  SECTION 9. Conditions to Effectiveness. This Amendment shall
become effective as of the date first above written (the "Amendment Effective
Date") on the date of the satisfaction in full of the following conditions
precedent:

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                  (a) The Agent shall have received duly executed counterparts
         hereof which, when taken together, bear the authorized signatures of
         the Borrower, Janus Capital Management LLC, the Agent and the Required
         Lenders under the Five-Year Agreement.

                  (b) All legal matters incident to this Amendment shall be
         satisfactory to the Required Lenders, the Agent and Cravath, Swaine &
         Moore LLP, counsel for the Agent.

                  (c) The Agent shall have received such other documents,
         instruments and certificates as it or its counsel shall reasonably
         request.

                  SECTION 10. Five-Year Agreement. Except as specifically stated
herein, the Five-Year Agreement shall continue in full force and effect in
accordance with the provisions thereof. As used therein, the terms "Agreement,"
"herein," "hereunder," "hereto," "hereof" and words of similar import shall,
unless the context otherwise requires, refer to the Five-Year Agreement as
modified hereby.

                  SECTION 11. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

                  SECTION 12. Counterparts. This Amendment may be executed in
any number of counterparts, each of which shall be an original but all of which,
when taken together, shall constitute but one instrument. Delivery of an
executed counterpart of a signature page of this Amendment by facsimile shall be
effective as delivery of a manually executed counterpart of this Amendment.

                  SECTION 13. Expenses. The Borrower agrees to reimburse the
Agent for its out-of-pocket expenses in connection with this Amendment,
including the reasonable fees, charges and disbursements of Cravath, Swaine &
Moore LLP, counsel for the Agent.

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                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed by their respective authorized officers as of the
date first above written.

                                    JANUS CAPITAL GROUP INC.,

                                      by:  /s/ Loren M. Starr
                                         --------------------------------------
                                         Name: Loren M. Starr
                                         Title: SVP, CFO

                                    JANUS CAPITAL MANAGEMENT LLC, as Guarantor,

                                      by:  /s/ Gregory Frost
                                         --------------------------------------
                                         Name: Gregory Frost
                                         Title: VP and Controller

                                    CITIBANK, N.A., individually and as
                                    Administrative Agent and as Swingline
                                    Lender,

                                      by:  /s/ Matthew Nichols
                                         --------------------------------------
                                         Name: Matthew Nichols
                                         Title: Director

                                    WELLS FARGO BANK, N.A., as successor in
                                    interest to WELLS FARGO BANK WEST, N.A.,

                                      by: /s/ Randall Schmidt
                                         --------------------------------------
                                         Name: Randall Schmidt
                                         Title: Vice President

                                    JPMORGAN CHASE BANK, individually and as
                                    Syndication Agent,

                                      by: /s/ Marybeth Mullen
                                         --------------------------------------
                                         Name: Marybeth Mullen
                                         Title: Vice President

<PAGE>

                                    BANK OF AMERICA, N.A.,

                                      by: /s/ Patrick Gally
                                         --------------------------------------
                                         Name: Patrick Gally
                                         Title: Vice President

                                    THE GOVERNOR AND COMPANY OF THE BANK OF
                                    IRELAND,

                                      by:
                                         --------------------------------------
                                         Name:
                                         Title:

                                      by:
                                         --------------------------------------
                                         Name:
                                         Title:

                                    THE BANK OF NEW YORK,

                                      by:
                                         --------------------------------------
                                         Name:
                                         Title:

                                    CREDIT SUISSE FIRST BOSTON,

                                      by: /s/ Jay Chall
                                         --------------------------------------
                                         Name: Jay Chall
                                         Title: Director

                                      by: /s/ Cassandra Droogan
                                         --------------------------------------
                                         Name: Cassandra Droogan
                                         Title: Associate

                                    U.S. BANK NATIONAL ASSOCIATION,

                                      by:
                                         --------------------------------------
                                         Name:
                                         Title:

<PAGE>

                                    FLEET NATIONAL BANK,

                                      by:
                                         --------------------------------------
                                         Name:
                                         Title:

                                    HSBC,

                                      by: /s/ Scott H. Buitekant
                                         --------------------------------------
                                         Name: Scott H. Buitekant
                                         Title: First VP

                                    THE ROYAL BANK OF SCOTLAND plc,

                                      by:
                                         --------------------------------------
                                         Name:
                                         Title:

                                    STATE STREET BANK AND TRUST COMPANY,

                                      by: /s/ John A. Stankard
                                         --------------------------------------
                                         Name: John A. Stankard
                                         Title: Vice President

                                    UMB, N.A.,

                                      by: /s/ Douglas F. Page
                                         --------------------------------------
                                         Name: Douglas F. Page
                                         Title: Executive Vice President<PAGE>

                                                                    EXHIBIT 10.3

                       ASSIGNMENT AND ASSUMPTION AGREEMENT

      THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Agreement") is made and entered
into as of the 16th day of March, 2004 by and between Janus Capital Group Inc.,
a Delaware corporation ("Assignor"), and Capital Group Partners, Inc., a New
York corporation ("Assignee"). Capitalized terms otherwise not defined herein
shall have the meanings ascribed to such terms in the offering memorandum of
Assignor dated the date hereof and attached hereto as Exhibit A (the "Offering
Memorandum").

                              W I T N E S S E T H:

      THAT, WHEREAS, Assignor will make exchange offers pursuant to which
Assignor will offer to exchange any or all of its 2006 Notes and any or all of
its 2009 Notes for New Notes (the "Exchange Offers") as further described in the
Offering Memorandum;

      WHEREAS, the Indenture (the "Indenture") governing the New Notes that are
to be issued pursuant to the Exchange Offers will provide, among other things,
that Assignor may redeem from the holders of New Notes, on a pro rata basis, an
aggregate principal amount of New Notes up to the Purchase Limit on the Call
Date (such redemption right, the "Call Right");

      WHEREAS, the Indenture will also provide, among other things, that, in the
event Assignor fails to exercise the Call Right or exercises the Call Right with
respect to less than the Purchase Limit, holders of the New Notes may require
Assignor to purchase from the holders of the New Notes, on a pro rata basis, an
aggregate principal amount of New Notes up to the Put Limit on the Put Date
(such right, the "Put Right"); and

      WHEREAS, Assignor and Assignee have determined that the difference between
the value of portion of the Call Right to be assigned hereunder and the value of
the portion of the Put Right to be assumed hereunder is not more than $24,060.

      NOW THEREFORE, the parties hereto agree as follows:

      1.    Assignment and Assumption.

            (a)   For good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Assignor hereby contributes,
conveys, transfers and assigns to Assignee the right of Assignor to purchase up
to the first $450,000,000 aggregate principal amount of New Notes under the Call
Right. Assignee hereby accepts the foregoing assignment and, in consideration
for the assignment of a portion of Assignor's rights under the Call Right
pursuant to this Section 1 and the receipt of the cash contribution pursuant to
Section 2 below, Assignee assumes and agrees to pay, perform and/or discharge
all of the obligations of Assignor arising under the Put Right solely with
respect to the purchase of up to $450,000,000 aggregate principal amount of New
Notes. The parties hereto agree that, while nothing in this Agreement shall
relieve Assignor from its obligations to holders of the New Notes (the
"Holders") under the Put Right, if Assignor receives a notice from the Holders
exercising the Put Right, Assignee will satisfy all obligations of Assignor
arising under the Put Right with respect to the purchase of up to $450,000,000
aggregate principal amount of New Notes.

                                       1
<PAGE>

            (b)   The assignment and assumption set forth in Section 1(a) shall
have no effect on Assignor's rights and obligations under the Call Right and Put
Right with respect to the purchase of New Notes in excess of $450,000,000
aggregate principal amount.

            (c)   The parties further agree that (i) if Assignee notifies
Assignor that it wishes to exercise the Call Right, Assignor will promptly
provide to the Trustee the notice required by the Indenture; and (ii) Assignor
will promptly furnish to Assignee any notice relating to the Put Right that
Assignor receives from the Trustee.

            (d)   The parties further agree that following any purchase of New
Notes by Assignee under the Call Right or satisfaction of the Assignor's
obligation to purchase New Notes under the Put Right, Assignor will direct the
Trustee to deliver such New Notes to or at the direction of the Assignee.

      2.    Consideration. The aggregate contribution by Assignor to Assignee is
an amount of cash equal to $24,060. Such amount shall be transferred to the
account of Assignee upon the effectiveness of the assignment and assumption set
forth in Section 1 hereof.

      3.    Effectiveness. Assignee and Assignor hereby acknowledge and agree
that the assignment and assumption set forth in Section 1 hereof are conditioned
on, and will become effective upon, the issuance of the New Notes under the
Indenture on the Settlement Date.

      4.    Cooperation. Assignor and Assignee each agree to execute such other
documents and take such other actions as may be reasonably necessary or
desirable to confirm or effectuate the assignments and assumptions contemplated
by this Agreement.

      5.    Third Party Beneficiaries. This Agreement shall inure to the benefit
of and be binding upon Assignee, Assignor and their respective legal
representatives, successors and assigns. The parties hereto acknowledge and
agree that the Trustee on behalf of the Holders shall be an express third-party
beneficiary (and not merely an incidental third-party beneficiary) of this
Agreement and the obligations of each party under this Agreement. As such, the
Trustee shall be entitled to enforce this Agreement against any party hereto on
behalf of the Holders and otherwise shall be afforded all remedies available
hereunder or otherwise afforded by law against the parties hereto to redress any
damage or loss incurred by the Holders.

      6.    Governing Law. This Agreement shall be construed in accordance with,
and governed by, the laws of the State of New York without regard to the
principles of conflicts of laws.

      7.    Counterparts. This Agreement may be executed in counterparts, each
of which shall be deemed an original and all of which, when taken together,
shall constitute one and the same instrument.

      8.    Facsimile Signature. This Agreement may be executed by facsimile
signature and a facsimile signature shall constitute an original signature for
all purposes.

                                       2
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      IN WITNESS WHEREOF, the parties hereto have executed this Agreement
effective as of the date first above written.

                                                ASSIGNOR:

                                                JANUS CAPITAL GROUP INC.

                                                /s/ Loren M. Starr
                                                --------------------------------
                                                By:    Loren M. Starr
                                                Title: SVP and CFO

                                                ASSIGNEE:

                                                CAPITAL GROUP PARTNERS, INC.

                                                /s/ Gregory A. Frost
                                                --------------------------------
                                                By:    Gregory A. Frost
                                                Title: VP and Controller

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