CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
20 FOCUS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of for Annual Units Deducted Total Total Full
End of Unit Purchased Admin Admin Fee for Annual Accum 09/30/2000 Accum Surrender
Qtr Value for $1,000 Fee $0.00 Admin Fee Units Unit Value Value Admin Fee
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10 100.000 1998 10 0.000 100.000 13.363378 1,336.34 0.00
<CAPTION>
----------------------------------
Value After Average Annual
Deduction for Total Return
Admin Fee n
(ERV) P(1+T) = ERV
----------------------------------
<S> <C>
1,336.34 33.60%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
20 FOCUS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of for Annual Units Deducted Total Total Full
End of Unit Purchased Admin Admin Fee for Annual Accum 09/30/2000 Accum Surrender
Qtr Value for $1,000 Fee $0.00 Admin Fee Units Unit Value Value Admin Fee
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10 100.000 1998 10 0.000 100.000 13.363378 1,336.34 0.00
<CAPTION>
-----------------------------------
Value After Average Annual
Deduction for Total Return
Admin Fee n
(ERV) P(1+T) = ERV
-----------------------------------
<S> <C>
1,336.34 33.63%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 19.124398 52.289 1998 23.189882 -0.016 52.273 22.942640 1,199.29
1998 13.993967 71.459 1998 17.565771 -0.020 71.423 22.942640 1,638.63
1997 12.486082 80.089 1997 12.01799 -0.030 80.023 22.942640 1,835.94
Incept 10.000000 100.000 N/A 0 0.000 99.934 22.942640 2,292.75
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,198.93 19.89%
1998 -0.36 1,638.27 27.99%
1997 -0.36 1,835.58 22.44%
Incept 0.00 2,292.75 27.45%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - LEVERAGED
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 23.376696 42.778 1999 32.65795 -0.011 42.767 31.141148 1,331.81
1998 14.127772 70.783 1998 18.580433 -0.019 70.753 31.141148 2,203.32
1997 12.688317 78.813 1997 11.926133 -0.030 78.752 31.141148 2,452.44
Incept 10.000000 100.000 N/A 0 0.000 99.939 31.141148 3,112.23
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,331.45 33.13%
1998 -0.36 2,202.96 48.42%
1997 -0.36 2,452.08 34.84%
Incept 0.00 3,112.23 39.36%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - MID CAP
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 16.000916 62.496 1998 20.032232 -0.018 62.478 24.121743 1,507.08
1998 12.152865 82.285 1998 15.392143 -0.023 82.244 24.121743 1,983.86
1997 12.945137 77.249 1997 11.967307 -0.030 77.178 24.121743 1,861.66
Incept 10.000000 100.000 N/A 0 0.000 99.929 24.121743 2,410.45
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,506.72 50.67%
1998 -0.36 1,983.50 40.84%
1997 -0.36 1,861.30 23.01%
Incept 0.00 2,410.45 29.33%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - SMALL CAP
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 15.590826 64.140 1998 20.366734 -0.018 64.122 18.309593 1,174.05
1998 11.57784 86.372 1998 14.386676 -0.025 86.329 18.309593 1,580.65
1997 13.499003 74.080 1997 12.615658 -0.029 74.009 18.309593 1,355.07
Incept 10.000000 100.000 N/A 0 0.000 99.929 18.309593 1,829.66
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,173.69 17.36%
1998 -0.36 1,580.29 25.71%
1997 -0.36 1,354.71 10.65%
Incept 0.00 1,829.66 19.31%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 19.124398 52.289 1998 23.189882 0.000 52.289 22.942640 1,199.65
1998 13.993967 71.459 1998 17.565771 0.000 71.459 22.942640 1,639.46
1997 12.486082 80.089 1997 12.01799 0.000 80.089 22.942640 1,837.45
Incept 10.000000 100.000 N/A 0 0.000 100.000 22.942640 2,294.26
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,199.65 19.97%
1998 0.00 1,639.46 28.04%
1997 0.00 1,837.45 22.48%
Incept 0.00 2,294.26 27.51%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - LEVERAGED
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 23.376696 42.778 1999 32.65795 0.000 42.778 31.141148 1,332.16
1998 14.127772 70.783 1998 18.580433 0.000 70.783 31.141148 2,204.26
1997 12.688317 78.813 1997 11.926133 0.000 78.813 31.141148 2,454.33
Incept 10.000000 100.000 N/A 0 0.000 100.000 31.141148 3,114.11
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,332.16 33.22%
1998 0.00 2,204.26 48.47%
1997 0.00 2,454.33 34.89%
Incept 0.00 3,114.11 39.44%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - MID CAP
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 16.000916 62.496 1998 20.032232 0.000 62.496 24.121743 1,507.51
1998 12.152865 82.285 1998 15.392143 0.000 82.285 24.121743 1,984.86
1997 12.945137 77.249 1997 11.967307 0.000 77.249 24.121743 1,863.38
Incept 10.000000 100.000 N/A 0 0.000 100.000 24.121743 2,412.17
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,507.51 50.75%
1998 0.00 1,984.86 40.89%
1997 0.00 1,863.38 23.06%
Incept 0.00 2,412.17 29.40%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
ALGER AMERICAN - SMALL CAP
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/00 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 15.590826 64.140 1998 20.366734 0.000 64.140 18.309593 1,174.38
1998 11.57784 86.372 1998 14.386676 0.000 86.372 18.309593 1,581.44
1997 13.499003 74.080 1997 12.615658 0.000 74.080 18.309593 1,356.37
Incept 10.000000 100.000 N/A 0 0.000 100.000 18.309593 1,830.96
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,174.38 17.44%
1998 0.00 1,581.44 25.76%
1997 0.00 1,356.37 10.69%
Incept 0.00 1,830.96 19.37%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
AMERICAN - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.119487 89.932 1998 12.612406 -0.029 89.903 12.012397 1,079.96
1998 8.925877 112.034 1998 10.826435 -0.033 111.972 12.012397 1,345.05
Incept 10.000000 100.000 N/A 0 0.000 99.938 12.012397 1,200.50
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,079.60 7.96%
1998 -0.36 1,344.69 15.96%
Incept 0.00 1,200.50 7.83%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
AMERICAN - International
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.688443 93.559 1998 15.722703 -0.023 93.536 13.672175 1,278.84
1998 8.399096 119.060 1998 9.709633 -0.037 119.000 13.672175 1,626.99
Incept 10.000000 100.000 N/A 0 0.000 99.940 13.672175 1,366.40
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,278.48 27.85%
1998 -0.36 1,626.63 27.54%
Incept 0.00 1,366.40 13.75%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
AMERICAN - Value
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.287887 107.667 1998 9.119531 -0.039 107.628 9.437991 1,015.79
1998 8.41791 118.794 1998 9.318051 -0.039 118.716 9.437991 1,120.44
Incept 10.000000 100.000 N/A 0 0.000 99.922 9.437991 943.06
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,015.43 1.55%
1998 -0.36 1,120.08 5.83%
Incept 0.00 943.06 -2.41%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
AMERICAN - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.119487 89.932 1998 12.612406 0.000 89.932 12.012397 1,080.30
1998 8.925877 112.034 1998 10.826435 0.000 112.034 12.012397 1,345.80
Incept 10.000000 100.000 N/A 0 0.000 100.000 12.012397 1,201.24
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,080.30 8.03%
1998 0.00 1,345.80 16.01%
Incept 0.00 1,201.24 7.88%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
AMERICAN - International
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.688443 93.559 1998 15.722703 0.000 93.559 13.672175 1,279.16
1998 8.399096 119.060 1998 9.709633 0.000 119.060 13.672175 1,627.81
Incept 10.000000 100.000 N/A 0 0.000 100.000 13.672175 1,367.22
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,279.16 27.92%
1998 0.00 1,627.81 27.59%
Incept 0.00 1,367.22 13.82%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
AMERICAN - Value
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.287887 107.667 1998 9.119531 0.000 107.667 9.437991 1,016.16
1998 8.41791 118.794 1998 9.318051 0.000 118.794 9.437991 1,121.18
Incept 10.000000 100.000 N/A 0 0.000 100.000 9.437991 943.80
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,016.16 1.62%
1998 0.00 1,121.18 5.89%
Incept 0.00 943.80 -2.37%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BALANCED
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 14.146007 70.691 1998 17.061023 -0.021 70.670 20.614965 1,456.86
1998 11.789147 84.824 1998 13.208721 -0.027 84.776 20.614965 1,747.65
1997 12.389127 80.716 1997 12.124015 -0.030 80.638 20.614965 1,662.35
Incept 10.000000 100.000 N/A 0 0.000 99.922 20.614965 2,059.89
<CAPTION>
----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,456.50 45.65%
1998 -0.36 1,747.29 32.19%
1997 -0.36 1,661.99 18.45%
Incept 0.00 2,059.89 23.52%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BALANCED
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 14.146007 70.691 1998 17.061023 0.000 70.691 20.614965 1,457.29
1998 11.789147 84.824 1998 13.208721 0.000 84.824 20.614965 1,748.64
1997 12.389127 80.716 1997 12.124015 0.000 80.716 20.614965 1,663.96
Incept 10.000000 100.000 N/A 0 0.000 100.000 20.614965 2,061.50
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,457.29 45.73%
1998 0.00 1,748.64 32.24%
1997 0.00 1,663.96 18.50%
Incept 0.00 2,061.50 23.58%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.094059 99.068 1998 10.094059 -0.036 99.032 15.99767 1,584.29
1998 7.510327 133.150 1998 7.510327 -0.048 133.066 15.99767 2,128.75
Incept 10.000000 100.000 N/A 0 0.000 99.916 15.99767 1,598.43
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,583.93 58.40%
1998 -0.36 2,128.39 45.89%
Incept 0.00 1,598.43 21.38%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - BIAM INT'L
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.71612 93.317 1998 10.71612 -0.034 93.283 11.624464 1,084.37
1998 8.367662 119.508 1998 8.367662 -0.043 119.431 11.624464 1,388.33
Incept 10.000000 100.000 N/A 0 0.000 99.923 11.624464 1,161.56
<CAPTION>
----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,084.01 8.40%
1998 -0.36 1,387.97 17.81%
Incept 0.00 1,161.56 6.37%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 12.613988 79.277 1998 12.613988 -0.029 79.248 19.163308 1,518.66
1998 9.322697 107.265 1998 9.322697 -0.039 107.198 19.163308 2,054.27
Incept 10.000000 100.000 N/A 0 0.000 99.933 19.163308 1,915.04
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,518.30 51.83%
1998 -0.36 2,053.91 43.31%
Incept 0.00 1,915.04 30.79%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - SMALL COMPANY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.783222 92.737 1999 10.783222 -0.033 92.704 19.235347 1,783.19
1998 7.183502 139.208 1998 7.183502 -0.050 139.124 19.235347 2,676.11
Incept 10.000000 100.000 N/A 0 0.000 99.916 19.235347 1,921.93
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,782.83 78.28%
1998 -0.36 2,675.75 63.58%
Incept 0.00 1,921.93 30.99%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - New Generation
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10 100.000 1999 10 0.000 100.000 10.402829 1,040.28
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,040.28 3.99%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.094059 99.068 1998 10.094059 0.000 99.068 15.99767 1,584.86
1998 7.510327 133.150 1998 7.510327 0.000 133.150 15.99767 2,130.09
Incept 10.000000 100.000 N/A 0 0.000 100.000 15.99767 1,599.77
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,584.86 58.49%
1998 0.00 2,130.09 45.95%
Incept 0.00 1,599.77 21.46%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - BIAM INT'L
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.71612 93.317 1998 10.71612 0.000 93.317 11.624464 1,084.76
1998 8.367662 119.508 1998 8.367662 0.000 119.508 11.624464 1,389.22
Incept 10.000000 100.000 N/A 0 0.000 100.000 11.624464 1,162.45
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,084.76 8.48%
1998 0.00 1,389.22 17.87%
Incept 0.00 1,162.45 6.43%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 12.613988 79.277 1998 12.613988 0.000 79.277 19.163308 1,519.21
1998 9.322697 107.265 1998 9.322697 0.000 107.265 19.163308 2,055.55
Incept 10.000000 100.000 N/A 0 0.000 100.000 19.163308 1,916.33
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,519.21 51.92%
1998 0.00 2,055.55 43.37%
Incept 0.00 1,916.33 30.89%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - SMALL COMPANY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.783222 92.737 1999 10.783222 0.000 92.737 19.235347 1,783.83
1998 7.183502 139.208 1998 7.183502 0.000 139.208 19.235347 2,677.71
Incept 10.000000 100.000 N/A 0 0.000 100.000 19.235347 1,923.53
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,783.83 78.38%
1998 0.00 2,677.71 63.64%
Incept 0.00 1,923.53 31.09%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
BERGER - New Generation
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10 100.000 1999 10 0.000 100.000 10.402829 1,040.28
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,040.28 4.03%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
HIGH YIELD
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of for Annual Units Deducted Total Total Full
End of Unit Purchased Admin Admin Fee for Annual Accum 09/30/2000 Accum Surrender
Qtr Value for $1,000 Fee $0.00 Admin Fee Units Unit Value Value Admin Fee
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10 100.000 1998 10 0.000 100.000 10.106632 1,010.66 0.00
<CAPTION>
-----------------------------------
Value After Average Annual
Deduction for Total Return
Admin Fee n
(ERV) P(1+T) = ERV
-----------------------------------
<S> <C>
1,010.66 1.03%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
HIGH YIELD
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total Full
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum Surrender
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value Admin Fee
--------------------------------------------------------------------------------------------------------------------------------
1999 10 100.000 1998 10 0.000 100.000 10.106632 1,010.66 0.00
<CAPTION>
----------------------------------
Value after Average Annual
Deduction for Total Return
Admin Fee n
(ERV) P(1+T) = ERV
----------------------------------
<S> <C>
1,010.66 1.07%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - DISCIPLINED
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.979163 91.082 1998 12.541406 -0.029 91.053 12.569095 1,144.46
1998 8.769816 114.027 1998 10.726492 -0.034 113.965 12.569095 1,432.43
Incept 10.000000 100.000 N/A 0 0.000 99.938 12.569095 1,256.13
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,144.10 14.41%
1998 -0.36 1,432.07 19.67%
Incept 0.00 1,256.13 9.87%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - INTERNATIONAL VALUE
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.905325 91.698 1998 11.889474 -0.030 91.668 10.812272 991.14
1998 8.197612 121.987 1998 9.423371 -0.038 121.919 10.812272 1,318.22
Incept 10.000000 100.000 N/A 0 0.000 99.932 10.812272 1,080.49
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 990.78 -0.93%
1998 -0.36 1,317.86 14.80%
Incept 0.00 1,080.49 3.24%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - SOCIALLY RESPONSIBLE GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.899464 84.037 1998 14.224514 -0.025 84.012 14.348712 1,205.46
1998 8.97291 111.447 1998 11.078197 -0.032 111.389 14.348712 1,598.29
Incept 10.000000 100.000 N/A 0 0.000 99.942 14.348712 1,434.04
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,205.10 20.51%
1998 -0.36 1,597.93 26.41%
Incept 0.00 1,434.04 16.05%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - STOCK INDEX
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.407138 87.664 1998 13.052208 -0.028 87.636 12.726345 1,115.29
1998 9.073846 110.207 1998 10.963876 -0.033 110.147 12.726345 1,401.76
Incept 10.000000 100.000 N/A 0 0.000 99.940 12.726345 1,271.87
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,114.93 11.49%
1998 -0.36 1,401.40 18.38%
Incept 0.00 1,271.87 10.43%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - DISCIPLINED
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.979163 91.082 1998 12.541406 0.000 91.082 12.569095 1,144.82
1998 8.769816 114.027 1998 10.726492 0.000 114.027 12.569095 1,433.22
Incept 10.000000 100.000 N/A 0 0.000 100.000 12.569095 1,256.91
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,144.82 14.48%
1998 0.00 1,433.22 19.72%
Incept 0.00 1,256.91 9.92%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - INTERNATIONAL VALUE
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.905325 91.698 1998 11.889474 0.000 91.698 10.812272 991.46
1998 8.197612 121.987 1998 9.423371 0.000 121.987 10.812272 1,318.96
Incept 10.000000 100.000 N/A 0 0.000 100.000 10.812272 1,081.23
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 991.46 -0.85%
1998 0.00 1,318.96 14.85%
Incept 0.00 1,081.23 3.28%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - SOCIALLY RESPONSIBLE GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.899464 84.037 1998 14.224514 0.000 84.037 14.348712 1,205.82
1998 8.97291 111.447 1998 11.078197 0.000 111.447 14.348712 1,599.12
Incept 10.000000 100.000 N/A 0 0.000 100.000 14.348712 1,434.87
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,205.82 20.58%
1998 0.00 1,599.12 26.46%
Incept 0.00 1,434.87 16.12%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
DREYFUS - STOCK INDEX
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.407138 87.664 1998 13.052208 0.000 87.664 12.726345 1,115.64
1998 9.073846 110.207 1998 10.963876 0.000 110.207 12.726345 1,402.53
Incept 10.000000 100.000 N/A 0 0.000 100.000 12.726345 1,272.63
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,115.64 11.56%
1998 0.00 1,402.53 18.43%
Incept 0.00 1,272.63 10.49%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
CST - EQUITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 16.589579 60.279 1998 16.589579 -0.022 60.257 27.608461 1,663.61
1998 11.534092 86.699 1998 11.534092 -0.031 86.646 27.608461 2,392.17
1997 13.682274 73.087 1997 13.682274 -0.026 73.008 27.608461 2,015.63
Incept 10.000000 100.000 N/A 0 0.000 99.921 27.608461 2,758.66
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,663.25 66.32%
1998 -0.36 2,391.81 54.65%
1997 -0.36 2,015.27 26.31%
Incept 0.00 2,758.66 34.54%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
CST - EQUITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 16.589579 60.279 1998 16.589579 0.000 60.279 27.608461 1,664.21
1998 11.534092 86.699 1998 11.534092 0.000 86.699 27.608461 2,393.63
1997 13.682274 73.087 1997 13.682274 0.000 73.087 27.608461 2,017.82
Incept 10.000000 100.000 N/A 0 0.000 100.000 27.608461 2,760.85
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,664.21 66.42%
1998 0.00 2,393.63 54.71%
1997 0.00 2,017.82 26.37%
Incept 0.00 2,760.85 34.62%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
FEDERATED HIGH INCOME BOND
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.730974 102.765 1998 9.902221 -0.036 102.729 9.596801 985.87
1998 9.549599 104.716 1998 9.805723 -0.037 104.643 9.596801 1,004.24
Incept 10.000000 100.000 N/A 0 0.000 99.927 9.596801 958.98
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 985.51 -1.45%
1998 -0.36 1,003.88 0.19%
Incept 0.00 958.98 -1.73%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
FEDERATED INT'L EQUITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 15.617132 64.032 1998 15.617132 -0.023 64.009 20.950739 1,341.03
1998 11.810732 84.669 1998 11.810732 -0.030 84.615 20.950739 1,772.76
1997 11.309618 88.420 1997 11.309618 -0.032 88.335 20.950739 1,850.68
Incept 10.000000 100.000 N/A 0 0.000 99.938 20.950739 2,093.77
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,340.67 34.06%
1998 -0.36 1,772.40 33.13%
1997 -0.36 1,850.32 22.77%
Incept 0.00 2,093.77 24.11%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
FEDERATED UTILITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.623982 94.127 1998 10.947785 -0.033 94.094 10.776217 1,013.98
1998 10.261332 97.453 1998 10.906294 -0.033 97.387 10.776217 1,049.46
Incept 10.000000 100.000 N/A 0 0.000 99.934 10.776217 1,076.91
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,013.62 1.36%
1998 -0.36 1,049.10 2.43%
Incept 0.00 1,076.91 3.09%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
FEDERATED HIGH INCOME BOND
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.730974 102.765 1998 9.902221 0.000 102.765 9.596801 986.22
1998 9.549599 104.716 1998 9.805723 0.000 104.716 9.596801 1,004.94
Incept 10.000000 100.000 N/A 0 0.000 100.000 9.596801 959.68
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 986.22 -1.38%
1998 0.00 1,004.94 0.25%
Incept 0.00 959.68 -1.69%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
FEDERATED INT'L EQUITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 15.617132 64.032 1998 15.617132 0.000 64.032 20.950739 1,341.52
1998 11.810732 84.669 1998 11.810732 0.000 84.669 20.950739 1,773.88
1997 11.309618 88.420 1997 11.309618 0.000 88.420 20.950739 1,852.46
Incept 10.000000 100.000 N/A 0 0.000 100.000 20.950739 2,095.07
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,341.52 34.15%
1998 0.00 1,773.88 33.19%
1997 0.00 1,852.46 22.81%
Incept 0.00 2,095.07 24.17%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
FEDERATED UTILITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.623982 94.127 1998 10.947785 0.000 94.127 10.776217 1,014.33
1998 10.261332 97.453 1998 10.906294 0.000 97.453 10.776217 1,050.17
Incept 10.000000 100.000 N/A 0 0.000 100.000 10.776217 1,077.62
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,014.33 1.43%
1998 0.00 1,050.17 2.48%
Incept 0.00 1,077.62 3.14%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
CST - FIXED INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.014681 90.788 1998 11.014681 -0.033 90.755 11.654427 1,057.70
1998 11.326329 88.290 1998 11.326329 -0.032 88.226 11.654427 1,028.22
1997 10.514005 95.111 1997 10.514005 -0.034 95.012 11.654427 1,107.31
Incept 10.000000 100.000 N/A 0 0.000 99.901 11.654427 1,164.29
<CAPTION>
------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,057.34 5.73%
1998 -0.36 1,027.86 1.38%
1997 -0.36 1,106.95 3.44%
Incept 0.00 1,164.29 4.54%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
CST - FIXED INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.014681 90.788 1998 11.014681 0.000 90.788 11.654427 1,058.08
1998 11.326329 88.290 1998 11.326329 0.000 88.290 11.654427 1,028.97
1997 10.514005 95.111 1997 10.514005 0.000 95.111 11.654427 1,108.46
Incept 10.000000 100.000 N/A 0 0.000 100.000 11.654427 1,165.44
<CAPTION>
------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,058.08 5.81%
1998 0.00 1,028.97 1.44%
1997 0.00 1,108.46 3.49%
Incept 0.00 1,165.44 4.58%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
CST - GOVERNMENT SECURITIES
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.920016 91.575 1998 10.811727 -0.033 91.542 11.455966 1,048.70
1998 11.329524 88.265 1998 11.230428 -0.032 88.200 11.455966 1,010.41
1997 10.395618 96.194 1997 10.625797 -0.034 96.095 11.455966 1,100.86
Incept 10.000000 100.000 N/A 0 0.000 99.901 11.455966 1,144.46
<CAPTION>
----------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,048.34 4.83%
1998 -0.36 1,010.05 0.50%
1997 -0.36 1,100.50 3.24%
Incept 0.00 1,144.46 4.01%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
CST - GOVERNMENT SECURITIES
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.920016 91.575 1998 10.811727 0.000 91.575 11.455966 1,049.08
1998 11.329524 88.265 1998 11.230428 0.000 88.265 11.455966 1,011.16
1997 10.395618 96.194 1997 10.625797 0.000 96.194 11.455966 1,102.00
Incept 10.000000 100.000 N/A 0 0.000 100.000 11.455966 1,145.60
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,049.08 4.91%
1998 0.00 1,011.16 0.56%
1997 0.00 1,102.00 3.29%
Incept 0.00 1,145.60 4.06%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
INVESCO - HIGH YIELD
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.871243 84.237 1998 11.871243 -0.030 84.207 11.930539 1,004.63
1998 11.116200 89.959 1998 11.116200 -0.032 89.896 11.930539 1,072.51
1997 11.150151 89.685 1997 11.150151 -0.032 89.590 11.930539 1,068.86
Incept 10.000000 100.000 N/A 0 0.000 99.905 11.930539 1,191.92
<CAPTION>
-----------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,004.27 0.43%
1998 -0.36 1,072.15 3.54%
1997 -0.36 1,068.50 2.23%
Incept 0.00 1,191.92 5.26%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
INVESCO - EQUITY INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 14.471288 69.102 1998 14.471288 -0.025 69.077 16.329359 1,127.99
1998 12.181681 82.090 1998 12.181681 -0.030 82.036 16.329359 1,339.59
1997 11.852222 84.372 1997 11.852222 -0.030 84.287 16.329359 1,376.36
Incept 10.000000 100.000 N/A 0 0.000 99.915 16.329359 1,631.55
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,127.63 12.77%
1998 -0.36 1,339.23 15.73%
1997 -0.36 1,376.00 11.23%
Incept 0.00 1,631.55 15.38%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
INVESCO - HIGH YIELD
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 11.871243 84.237 1998 11.871243 0.000 84.237 11.930539 1,004.99
1998 11.116200 89.959 1998 11.116200 0.000 89.959 11.930539 1,073.26
1997 11.150151 89.685 1997 11.150151 0.000 89.685 11.930539 1,069.99
Incept 10.000000 100.000 N/A 0 0.000 100.000 11.930539 1,193.05
<CAPTION>
----------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,004.99 0.50%
1998 0.00 1,073.26 3.60%
1997 0.00 1,069.99 2.28%
Incept 0.00 1,193.05 5.30%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
INVESCO - EQUITY INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 14.471288 69.102 1998 14.471288 0.000 69.102 16.329359 1,128.39
1998 12.181681 82.090 1998 12.181681 0.000 82.090 16.329359 1,340.48
1997 11.852222 84.372 1997 11.852222 0.000 84.372 16.329359 1,377.74
Incept 10.000000 100.000 N/A 0 0.000 100.000 16.329359 1,632.94
<CAPTION>
----------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,128.39 12.84%
1998 0.00 1,340.48 15.78%
1997 0.00 1,377.74 11.27%
Incept 0.00 1,632.94 15.43%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
JANUS - AGGRESSIVE GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 16.381865 61.043 1998 16.381865 -0.022 61.021 25.57722 1,560.75
1998 8.712811 114.774 1998 8.712811 -0.041 114.711 25.57722 2,933.98
Incept 10.000000 100.000 N/A 0 0.000 99.937 25.57722 2,556.10
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,560.39 56.04%
1998 -0.36 2,933.62 71.28%
Incept 0.00 2,556.10 47.37%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
JANUS - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 13.347166 74.922 1998 13.347166 -0.027 74.895 16.759236 1,255.18
1998 9.085059 110.071 1998 9.085059 -0.040 110.004 16.759236 1,843.59
Incept 10.000000 100.000 N/A 0 0.000 99.933 16.759236 1,674.81
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,254.82 25.48%
1998 -0.36 1,843.23 35.77%
Incept 0.00 1,674.81 23.74%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
JANUS - WORLDWIDE GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 12.034989 83.091 1998 12.034989 -0.030 83.061 16.334898 1,356.79
1998 8.724651 114.618 1998 8.724651 -0.041 114.547 16.334898 1,871.11
Incept 10.000000 100.000 N/A 0 0.000 99.929 16.334898 1,632.33
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,356.43 35.64%
1998 -0.36 1,870.75 36.78%
Incept 0.00 1,632.33 22.44%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
JANUS - AGGRESSIVE GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 16.381865 61.043 1998 16.381865 0.000 61.043 25.57722 1,561.31
1998 8.712811 114.774 1998 8.712811 0.000 114.774 25.57722 2,935.60
Incept 10.000000 100.000 N/A 0 0.000 100.000 25.57722 2,557.72
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,561.31 56.13%
1998 0.00 2,935.60 71.34%
Incept 0.00 2,557.72 47.50%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
JANUS - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 13.347166 74.922 1998 13.347166 0.000 74.922 16.759236 1,255.64
1998 9.085059 110.071 1998 9.085059 0.000 110.071 16.759236 1,844.71
Incept 10.000000 100.000 N/A 0 0.000 100.000 16.759236 1,675.92
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,255.64 25.56%
1998 0.00 1,844.71 35.82%
Incept 0.00 1,675.92 23.82%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
JANUS - WORLDWIDE GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 12.034989 83.091 1998 12.034989 0.000 83.091 16.334898 1,357.28
1998 8.724651 114.618 1998 8.724651 0.000 114.618 16.334898 1,872.27
Incept 10.000000 100.000 N/A 0 0.000 100.000 16.334898 1,633.49
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,357.28 35.73%
1998 0.00 1,872.27 36.83%
Incept 0.00 1,633.49 22.52%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
LORD ABBETT - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 13.584241 73.615 1998 13.584241 -0.027 73.588 15.715761 1,156.50
1998 11.124727 89.890 1997 11.124727 -0.032 89.831 15.715761 1,411.76
1997 11.68096 85.609 1997 11.68096 -0.031 85.519 15.715761 1,344.00
Incept 10.000000 100.000 N/A 0 0.000 99.910 15.715761 1,570.17
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,156.14 15.62%
1998 -0.36 1,411.40 18.80%
1997 -0.36 1,343.64 10.35%
Incept 0.00 1,570.17 14.10%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
LORD ABBETT - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 13.584241 73.615 1998 13.584241 0.000 73.615 15.715761 1,156.92
1998 11.124727 89.890 1997 11.124727 0.000 89.890 15.715761 1,412.69
1997 11.68096 85.609 1997 11.68096 0.000 85.609 15.715761 1,345.41
Incept 10.000000 100.000 N/A 0 0.000 100.000 15.715761 1,571.58
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,156.92 15.69%
1998 0.00 1,412.69 18.86%
1997 0.00 1,345.41 10.40%
Incept 0.00 1,571.58 14.15%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
LAZARD - EQUITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.56001 94.697 1998 10.56001 -0.034 94.663 11.176821 1,058.03
1998 8.885454 112.543 N/A 8.885454 -0.041 112.468 11.176821 1,257.04
Incept 10.000000 100.000 N/A 0 0.000 99.925 11.176821 1,116.85
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,057.67 5.77%
1998 -0.36 1,256.68 14.65%
Incept 0.00 1,116.85 4.66%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
LAZARD - SMALL CAP
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 8.797211 113.672 1998 8.797211 -0.041 113.631 10.087385 1,146.24
1998 7.657197 130.596 N/A 7.657197 -0.047 130.508 10.087385 1,316.49
Incept 10.000000 100.000 N/A 0 0.000 99.912 10.087385 1,007.85
<CAPTION>
-------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,145.88 14.59%
1998 -0.36 1,316.13 14.72%
Incept 0.00 1,007.85 0.31%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
LAZARD - EQUITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.56001 94.697 1998 10.56001 0.000 94.697 11.176821 1,058.41
1998 8.885454 112.543 N/A 8.885454 0.000 112.543 11.176821 1,257.87
Incept 10.000000 100.000 N/A 0 0.000 100.000 11.176821 1,117.68
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,058.41 5.84%
1998 0.00 1,257.87 14.72%
Incept 0.00 1,117.68 4.71%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
LAZARD - SMALL CAP
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 8.797211 113.672 1998 8.797211 0.000 113.672 10.087385 1,146.65
1998 7.657197 130.596 N/A 7.657197 0.000 130.596 10.087385 1,317.37
Incept 10.000000 100.000 N/A 0 0.000 100.000 10.087385 1,008.74
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,146.65 14.67%
1998 0.00 1,317.37 14.78%
Incept 0.00 1,008.74 0.36%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
MITCHELL HUTCHINS - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.603759 104.126 1998 9.603759 -0.037 104.089 10.276733 1,069.69
1998 8.303887 120.426 1998 8.303887 -0.043 120.345 10.276733 1,236.76
Incept 10.000000 100.000 N/A 0 0.000 99.919 10.276733 1,026.84
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,069.33 6.94%
1998 -0.36 1,236.40 11.19%
Incept 0.00 1,026.84 1.09%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
MITCHELL HUTCHINS - GROWTH & INCOME
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 9/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.603759 104.126 1998 9.603759 0.000 104.126 10.276733 1,070.08
1998 8.303887 120.426 1998 8.303887 0.000 120.426 10.276733 1,237.59
Incept 10.000000 100.000 N/A 0 0.000 100.000 10.276733 1,027.67
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,070.08 7.01%
1998 0.00 1,237.59 11.25%
Incept 0.00 1,027.67 1.14%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
NEUBERGER - LIMITED MATURITY BOND
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.175352 98.277 1998 10.175352 -0.035 98.242 10.512985 1,032.81
1998 10.167374 98.354 1998 10.167374 -0.035 98.283 10.512985 1,033.25
Incept 10.000000 100.000 N/A 0 0.000 99.929 10.512985 1,050.55
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,032.45 3.24%
1998 -0.36 1,032.89 1.63%
Incept 0.00 1,050.55 2.04%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
NEUBERGER - PARTNERS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.069664 110.258 1998 9.069664 -0.040 110.218 9.754856 1,075.16
1998 8.052174 124.190 1998 8.052174 -0.045 124.106 9.754856 1,210.63
Incept 10.000000 100.000 N/A 0 0.000 99.916 9.754856 974.66
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,074.80 7.49%
1998 -0.36 1,210.27 10.01%
Incept 0.00 974.66 -1.06%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
NEUBERGER - LIMITED MATURITY BOND
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.175352 98.277 1998 10.175352 0.000 98.277 10.512985 1,033.18
1998 10.167374 98.354 1998 10.167374 0.000 98.354 10.512985 1,033.99
Incept 10.000000 100.000 N/A 0 0.000 100.000 10.512985 1,051.30
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,033.18 3.32%
1998 0.00 1,033.99 1.69%
Incept 0.00 1,051.30 2.09%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
NEUBERGER - PARTNERS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 9.069664 110.258 1998 9.069664 0.000 110.258 9.754856 1,075.55
1998 8.052174 124.190 1998 8.052174 0.000 124.190 9.754856 1,211.46
Incept 10.000000 100.000 N/A 0 0.000 100.000 9.754856 975.49
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,075.55 7.55%
1998 0.00 1,211.46 10.07%
Incept 0.00 975.49 -1.02%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Rydex - NOVA
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 18.407580 54.325 1998 10 -0.036 54.289 17.580377 954.42
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 954.06 -4.56%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Rydex -OTC
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 39.086082 25.585 1998 10 -0.036 25.549 36.510315 932.80
<CAPTION>
----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 932.44 -6.68%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Seligman - Communications and Information
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.000000 100.000 1998 10 -0.036 99.964 7.738439 773.57
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 773.21 -22.65%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Seligman - Global Technology Portfolio
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.000000 100.000 1998 10 -0.036 99.964 8.462204 845.92
<CAPTION>
----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 845.56 -15.41%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Rydex - NOVA
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 18.407580 54.325 1998 10 0.000 54.325 17.580377 955.05
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 955.05 -4.49%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Rydex -OTC
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 39.086082 25.585 1998 10 0.000 25.585 36.510315 934.12
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 934.12 -6.59%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Seligman - Communications and Information
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.000000 100.000 1998 10 0.000 100.000 7.738439 773.84
<CAPTION>
----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 773.84 -22.62%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
Seligman - Global Technology Portfolio
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
09/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.000000 100.000 1998 10 0.000 100.000 8.462204 846.22
<CAPTION>
----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 846.22 -15.38%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
STRONG - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 15.01784 66.587 1998 15.01784 -0.024 66.563 23.881935 1,589.65
1998 9.310376 107.407 1998 9.310376 -0.039 107.344 23.881935 2,563.59
Incept 10.000000 100.000 N/A 0 0.000 99.937 23.881935 2,386.70
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,589.29 58.93%
1998 -0.36 2,563.23 60.10%
Incept 0.00 2,386.70 43.25%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
STRONG - OPPORTUNITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.816347 92.453 1998 10.816347 -0.033 92.420 13.321697 1,231.19
1998 8.167971 122.429 1998 8.167971 -0.044 122.352 13.321697 1,629.93
Incept 10.000000 100.000 N/A 0 0.000 99.923 13.321697 1,331.14
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,230.83 23.09%
1998 -0.36 1,629.57 27.65%
Incept 0.00 1,331.14 12.54%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
STRONG - OPPORTUNITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.816347 92.453 1998 10.816347 -0.033 92.420 13.321697 1,231.19
1998 8.167971 122.429 1998 8.167971 -0.044 122.352 13.321697 1,629.93
Incept 10.000000 100.000 N/A 0 0.000 99.923 13.321697 1,331.14
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,230.83 23.09%
1998 -0.36 1,629.57 27.65%
Incept 0.00 1,331.14 12.54%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
STRONG - GROWTH
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 15.01784 66.587 1998 15.01784 0.000 66.587 23.881935 1,590.23
1998 9.310376 107.407 1998 9.310376 0.000 107.407 23.881935 2,565.09
Incept 10.000000 100.000 N/A 0 0.000 100.000 23.881935 2,388.19
<CAPTION>
--------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
--------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,590.23 59.02%
1998 0.00 2,565.09 60.16%
Incept 0.00 2,388.19 43.37%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
STRONG - OPPORTUNITY
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.816347 92.453 1998 10.816347 0.000 92.453 13.321697 1,231.63
1998 8.167971 122.429 1998 8.167971 0.000 122.429 13.321697 1,630.96
Incept 10.000000 100.000 N/A 0 0.000 100.000 13.321697 1,332.17
<CAPTION>
---------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,231.63 23.16%
1998 0.00 1,630.96 27.71%
Incept 0.00 1,332.17 12.60%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - HARD ASSETS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 8.301186 120.465 1998 8.301186 -0.043 120.422 9.176761 1,105.08
1998 7.275851 137.441 1998 7.275851 -0.049 137.348 9.176761 1,260.41
1997 12.203835 81.941 1997 12.203835 -0.029 81.819 9.176761 750.83
Incept 10.000000 100.000 N/A 0 0.000 99.878 9.176761 916.55
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,104.72 10.47%
1998 -0.36 1,260.05 12.25%
1997 -0.36 750.47 -9.12%
Incept 0.00 916.55 -2.52%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - EMERGING MARKETS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 6.623806 150.971 1998 6.623806 -0.054 150.917 7.753837 1,170.18
1998 4.348031 229.989 1998 4.348031 -0.083 229.852 7.753837 1,782.23
1997 10.894319 91.791 1997 10.894319 -0.033 91.621 7.753837 710.41
Incept 10.000000 100.000 N/A 0 0.000 99.830 7.753837 774.06
<CAPTION>
------------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
------------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,169.82 16.99%
1998 -0.36 1,781.87 33.49%
1997 -0.36 710.05 -10.78%
Incept 0.00 774.06 -7.22%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - WORLDWIDE BOND
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.117567 98.838 1998 10.117567 -0.036 98.802 9.469211 935.58
1998 10.79704 92.618 1998 10.79704 -0.033 92.549 9.469211 876.37
Incept 10.000000 100.000 N/A 0 0.000 99.931 9.469211 946.27
<CAPTION>
---------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 935.22 -6.48%
1998 -0.36 876.01 -6.40%
Incept 0.00 946.27 -2.27%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - REAL ESTATE TRUST
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee -$0.36 Admin Fee Units Unit Value Value
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 8.592660 116.378 1998 8.59266 -0.042 116.336 9.319505 1,084.19
1998 8.118009 123.183 1998 8.118009 -0.044 123.097 9.319505 1,147.20
Incept 10.000000 100.000 N/A 0 0.000 99.914 9.319505 931.15
<CAPTION>
---------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------
<S> <C> <C> <C>
1999 -0.36 1,083.83 8.39%
1998 -0.36 1,146.84 7.09%
Incept 0.00 931.15 -2.92%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - HARD ASSETS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 8.301186 120.465 1998 8.301186 0.000 120.465 9.176761 1,105.48
1998 7.275851 137.441 1998 7.275851 0.000 137.441 9.176761 1,261.26
1997 12.203835 81.941 1997 12.203835 0.000 81.941 9.176761 751.95
Incept 10.000000 100.000 N/A 0 0.000 100.000 9.176761 917.68
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,105.48 10.55%
1998 0.00 1,261.26 12.31%
1997 0.00 751.95 -9.07%
Incept 0.00 917.68 -2.48%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - EMERGING MARKETS
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 6.623806 150.971 1998 6.623806 0.000 150.971 7.753837 1,170.60
1998 4.348031 229.989 1998 4.348031 0.000 229.989 7.753837 1,783.30
1997 10.894319 91.791 1997 10.894319 0.000 91.791 7.753837 711.73
Incept 10.000000 100.000 N/A 0 0.000 100.000 7.753837 775.38
<CAPTION>
-----------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
-----------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,170.60 17.06%
1998 0.00 1,783.30 33.54%
1997 0.00 711.73 -10.72%
Incept 0.00 775.38 -7.18%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - WORLDWIDE BOND
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 10.117567 98.838 1998 10.117567 0.000 98.838 9.469211 935.92
1998 10.79704 92.618 1998 10.79704 0.000 92.618 9.469211 877.02
Incept 10.000000 100.000 N/A 0 0.000 100.000 9.469211 946.92
<CAPTION>
---------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 935.92 -6.41%
1998 0.00 877.02 -6.35%
Incept 0.00 946.92 -2.23%
</TABLE>
<PAGE>
CONSECO VARIABLE INSURANCE COMPANY - ACCOUNT "G"
VAN ECK - REAL ESTATE TRUST
INDIVIDUAL & GROUP PROSPECTUS - MONUMENT
AVERAGE ANNUAL TOTAL RETURN
9/30/2000
TO MEET COMPLIANCE REQUIREMENTS OF SEC RELEASE IC-16245
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Accumulated Unit Value Accumulated
Units Year of For Annual Units Deducted Total Total
End of Unit Purchased Admin Admin Fee For Annual Accum 09/30/2000 Accum
Qtr Value For $1,000 Fee $0.00 Admin Fee Units Unit Value Value
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1999 8.592660 116.378 1998 8.59266 0.000 116.378 9.319505 1,084.59
1998 8.118009 123.183 1998 8.118009 0.000 123.183 9.319505 1,148.00
Incept 10.000000 100.000 N/A 0 0.000 100.000 9.319505 931.95
<CAPTION>
---------------------------------------------------------
Value after Average Annual
Full Deduction for Total Return
End of Surrender Admin Fee n
Qtr Admin Fee (ERV) P(1+T) = ERV
---------------------------------------------------------
<S> <C> <C> <C>
1999 0.00 1,084.59 8.46%
1998 0.00 1,148.00 7.14%
Incept 0.00 931.95 -2.87%
</TABLE>
