Two Snapshots

The geography returned to signs of stability. The landslides overseas had been tremendous, the hurricanes devastating. When the customers returned to the market, conviction showed in their faces.

An unanticipated flash, the focus on the months ahead. The engine boomed to an end, and with it the sole prospect of a post office driven against the backdrop of a reasonable, still-moderate universe.

Created from the October 31, 2005, annual report for the Janus Overseas Fund.