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                                                                 Exhibit 4(gggg)

                                  AMENDMENT TO

                               JANUS ASPEN SERIES

                        INVESTMENT SUB-ADVISORY AGREEMENT

                          RISK-MANAGED GROWTH PORTFOLIO

      THIS AMENDMENT is made this 1st day of May, 2006, between JANUS CAPITAL
MANAGEMENT LLC, a Delaware limited liability company ("Janus"), and ENHANCED
INVESTMENT TECHNOLOGIES, LLC, a Delaware limited liability company ("INTECH").

                               W I T N E S S E T H

      WHEREAS, Janus and INTECH are parties to an Investment Sub-Advisory
Agreement on behalf of Risk-Managed Growth Portfolio (the "Portfolio"), a series
of Janus Aspen Series, a Delaware statutory trust (the "Trust"), dated July 1,
2004 (the "Agreement");

      WHEREAS, the parties desire to amend the Agreement as set forth in greater
detail below;

      WHEREAS, pursuant to Section 11 of the Agreement, any amendment to the
Agreement is subject to approval by (i) a majority of the Trustees, including a
majority of the Trustees who are not interested persons (as that phrase is
defined in Section 2(a)(19) of the 1940 Act) of the Trust or Janus, INTECH or
their affiliates, and (ii) if required by applicable law, by the affirmative
vote of a majority of the outstanding voting securities of the Portfolio (as
that phrase is defined in Section 2(a)(42) of the 1940 Act);

      WHEREAS, the parties have obtained Trustee approval as set forth above,
and the parties agree that a shareholder vote is not required to amend the
Agreement; and

      WHEREAS, the name of Risk-Managed Growth Portfolio has been changed to
Janus Aspen INTECH Risk-Managed Growth Portfolio effective May 1, 2006;

      NOW, THEREFORE, in consideration of the premises and of the mutual
agreements set forth below, the parties agree to amend the Agreement as follows:

      1. All references to "Risk-Managed Growth Portfolio" shall be replaced
with "Janus Aspen INTECH Risk-Managed Growth Portfolio."

      2. The parties acknowledge that the Agreement, as amended, remains in full
force and effect as of the date of this Amendment, and that this Amendment,
together with the Agreement and any prior amendments, contains the entire
understanding and the full and

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complete agreement of the parties and supercedes and replaces any prior
understandings and agreements among the parties respecting the subject matter
hereof.

      3. This Amendment may be contemporaneously executed in two or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

      IN WITNESS WHEREOF, the parties have caused their duly authorized officers
to execute this Amendment as of the date first above written.

                            JANUS CAPITAL MANAGEMENT LLC

                            By: /s/ David R. Martin
                                ------------------------------------
                                David R. Martin
                                Executive Vice President and
                                Chief Financial Officer

                            ENHANCED INVESTMENT TECHNOLOGIES, LLC

                            By:  /s/ Andrew J. Iseman
                                 -----------------------------------
                            Name: Andrew J. Iseman
                            Title: Senior Vice Presidentexv10w1

 

    Exhibit 10.1

 

    PRIVILEGED
    SETTLEMENT COMMUNICATION

 

    Heller v. Quovadx et. Al,

    Case
    No. C04-CV-0665-
    RPM

    United States District Court for the District of Colorado

 

    MEMORANDUM OF UNDERSTANDING

 

    The parties to this litigation (the “Parties”), by and
    through their undersigned attorneys (“Plaintiff’s Lead
    Counsel” on behalf of Plaintiff and the Class, and
    “Defendants’ Counsel” on behalf of Defendants),
    have reached an agreement in principle for the settlement of the
    above-captioned action (the “Action”) on the terms set
    forth below and subject to court approval. This Memorandum of
    Understanding (“MOU”) outlines the general terms of
    the proposed settlement (the “Settlement”) and is
    intended to be used as a basis for drafting a Stipulation and
    Agreement of Settlement (the “Stipulation”) and
    accompanying papers which shall embody the terms set forth
    herein and such other and consistent terms as are agreed upon by
    counsel for the Parties.

 

    1. For purposes of this Settlement, the Class shall be
    defined as: all persons who purchased or acquired QUOVADX common
    stock between October 22, 2003 and March 15, 2004 (the
    “Class Period”). Excluded from the Class are
    Defendants and their related parties. This settlement applies to
    all claims arising under §10(b) and
    Rule 10b-5
    during the Class Period.

 

    2. Quovadx shall pay $3,000,000 (Three Million Dollars) and
    shall cause Genesis Insurance Company and Old Republic Insurance
    Company to pay, collectively, $7,000,000 (Seven Million
    Dollars), for a total of $10,000,000 (Ten Million Dollars) (the
    “Settlement Fund”), in settlement of the claims
    against defendants, to be deposited within ten
    (10) business days from the date of this MOU into an
    interest-bearing account designated by Plaintiff’s Lead
    Counsel. Failure to make full payment into the Settlement Fund
    by the deadline set herein shall result in immediate termination
    of the MOU and the settlement contemplated hereby.

 

    3. Within a reasonable time after the execution of this
    MOU, the Parties shall advise the Court of this MOU and shall
    seek a stay of all pending motions and schedules pending
    effectuation of the Settlement.

 

    4. Following execution of this MOU, the Parties and their
    counsel shall use their best efforts to finalize and execute the
    Stipulation and such other documentation as may be required or
    appropriate in order to obtain approval by the Court of the
    Settlement of the Action upon the terms set forth in this MOU.
    Promptly upon execution of the Stipulation, the Parties shall
    apply to the Court for preliminary approval of the Settlement
    and for the scheduling of a hearing for consideration of final
    approval of the Settlement and Plaintiff’s Lead
    Counsel’s application for an award of attorneys’ fees
    and expenses.

 

    5. The Parties intend that this MOU will lead to a final
    settlement of the Action and shall use their best efforts to
    negotiate a binding Stipulation to be submitted to the Court for
    preliminary and final approval.

 

    6. The Stipulation shall provide for the dismissal the
    Action with prejudice upon final approval of the Settlement and
    the final judgment shall contain the usual release of all claims
    in this type of action, subject to the limitation in the last
    sentence of this paragraph, including “unknown claims”
    as defined in California Civil Code Section 1542, arising
    out of, relating to, or in connection with, the purchase or
    acquisition of QUOVADX common stock during the Class Period
    which have been or could have been asserted by any member of the
    Class in the Action against the Defendants. Defendants shall
    release Plaintiff, the members of the Class and their counsel
    from any claims relating to the institution, prosecution or
    settlement of the Action. This release, however, shall not apply
    to any claims arising under §11 of the Securities Act of
    1933 and that are the subject of Henderson v. Quovadx,
    et al.,
    No. 4-CV-1006-
    RPM, (D. Colo.) which are specifically excluded from this
    Settlement.

 

    7. The Stipulation shall also provide (among other terms)
    that:

 

    (a) the Parties shall seek from the Court an order of
    preliminary approval of the Stipulation and Settlement and
    directing that notice of pendency and settlement be provided to
    the Class;

 

    (b) the consideration described in paragraph 2 above
    shall be timely provided;

 

    (c) Defendants have denied and continue to deny that they
    have committed any act or omission giving rise to any liability
    and/or
    violation of law, and state that they are entering into this
    Settlement to eliminate the burden and expense of further
    litigation;

 

    (d) neither the Settlement nor any of its terms shall
    constitute an admission or finding of wrongful conduct, acts or
    omissions;

 

    (e) Plaintiff, Defendants, and their counsel shall not make
    any applications for sanctions, pursuant to Rule 11 of the
    Federal Rules of Civil Procedure (“F.R.Civ.P.”) or
    other court rule or statute, with respect to any claims or
    defenses in this Action. The Defendants agree that the
    litigation was filed in good faith and in accordance with
    F.R.Civ.P 11, and is being settled voluntarily by the
    defendants after consultation with competent legal counsel. The
    Defendants may issue a press release announcing the Settlement,
    but may not contradict this language.

 

    (f) the allocation of the Settlement Fund among the members
    of the Class shall be subject to a plan of allocation to be
    proposed by Plaintiff’s Lead Counsel and approved by the
    Court. Defendants will take no position with respect to such
    proposed plan of allocation or such plan as may be approved by
    the Court, such plan of allocation is a matter separate and
    apart from the proposed Settlement between the Parties and any
    decision by the Court concerning the plan of allocation shall
    not affect the validity or finality of the proposed Settlement;

 

    (g) that Defendants take no position with respect to any
    questions concerning Plaintiff’s Lead Counsel’s
    request or award of attorneys’ fees and reimbursement of
    expenses and such matters are not the subject of any agreement
    between the Parties other than what is already set forth above;
    and,

 

    (h) that Plaintiff’s Counsel may apply for and receive
    an award of attorneys’ fees and reimbursement of expenses
    from the Settlement Fund in such amounts as may be approved by
    the Court and that any cash amount included in such award shall
    be paid to Plaintiff’s Lead Counsel immediately upon the
    Court’s approval of the Settlement and award, subject to
    each counsel’s obligation to pay back any such amount if,
    or to the extent that, the award order is amended or does not
    become final.

 

    8. In addition to the Stipulation, the Parties will enter
    into a separate confidential agreement, allowing Quovadx to
    terminate the Settlement in the event that Class members holding
    in excess of [*]% ([*] percent) of the total number of
    shares that are included in the Class opt out of the settlement.

 

    9. The Parties agree that the Settlement Fund is intended
    to be a Qualified Settlement Fund within the meaning of Treasury
    Regulation § 1.468B-1. Plaintiff’s Lead Counsel
    shall administer the account. All reasonable costs and expenses
    of class notice and administration of the Settlement shall be
    paid from the Settlement Fund when incurred. The account funds,
    less any amounts incurred for notice, administration,
    and/or taxes
    shall revert to the person(s) making the deposits if the
    Settlement does not become effective.

 

    10. Plaintiff’s Lead Counsel may designate the
    settlement claims administrator, subject to Court approval. The
    Company shall provide or cause to be provided to the settlement
    claims administrator its shareholder lists as appropriate for
    providing notice to the Class.

 

    11. If the Settlement outlined in this MOU is not approved
    by the Court or is terminated: (a) the Settlement shall be
    without prejudice, and none of its terms shall be effective or
    enforceable, except to the extent costs of notice and
    administration have been incurred or expended pursuant to
    paragraph 7 above; (b) the Parties shall revert to
    their litigation positions immediately prior to the execution of
    this MOU; and (c) the fact and terms of this Settlement
    shall not be admissible in any trial of this Action; and
    (d) Plaintiff’s Lead Counsel shall direct that all
    amounts then remaining in the interest-bearing account
    identified in paragraph 2 hereof be deposited promptly into
    an escrow account to be designated jointly by Defendants’
    Counsel within ten (10) days from the date on which the
    court declines to approve the settlement or on which the
    settlement is terminated.

 

    12. This MOU may be executed in counterparts, including by
    signature transmitted by facsimile. Each counterpart when so
    executed shall be deemed to be an original, and all such
    counterparts together shall constitute the same instrument. The
    undersigned signatories represent

 

    [*] We are seeking confidential treatment of these terms
    which have been omitted. The confidential portions have been
    filed separately with the Securities and Exchange Commission.

 

    that they have authority from their clients to execute this MOU.
    The terms of this MOU and Settlement shall inure to and be
    binding upon the Parties and their successors in interest.

 

    IT IS HEREBY AGREED by the undersigned.

 

    LERACH, COUGHLIN, STOIA, GELLER,

    RUDMAN & ROBBINS LLP

 

			
	 	    By: 
	
    /s/  Jeffrey W. Lawrence

    Jeffrey W. Lawrence

    Attorneys for Lead Plaintiff

 

    Dated: March   , 2006

 

    WILSON SONSINI GOODRICH & ROSATI

 

			
	 	    By: 
	
    /s/  Nina Locker

    Nicki Locker

    Attorneys for Defendants

 

    Dated: April 4, 2006

 

    ROTHGERBER JOHNSON & LYONS LLP

 

			
	 	    By: 
	
    /s/  Frederick J. Baumann

    Frederick J. Baumann

    Attorneys for Defendants Lorine Sweeney

    and Gary Scherping

 

    Dated: April 4, 2006

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