<PAGE>
PAGE 1
000 A000000 06/30/97
000 C000000 0001023658
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 CONSECO FUND GROUP
001 B000000 811-7839
001 C000000 3178176300
002 A000000 11825 N PENNSYLVANIA STREET
002 B000000 CARMEL
002 C000000 IN
002 D010000 46032
002 D020000 4555
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
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007 C020100 ASSET ALLOCATION FUND
007 C030100 N
007 C010200 2
007 C020200 EQUITY FUND
007 C030200 N
007 C010300 3
007 C020300 FIXED INCOME FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 CONSECO CAPITAL MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-17857
008 D01AA01 CARMEL
008 D02AA01 IN
008 D03AA01 46032
008 D04AA01 4555
010 A00AA01 CONSECO SERVICES LLC
010 C01AA01 CARMEL
010 C02AA01 IN
010 C03AA01 46032
010 C04AA01 4555
<PAGE>
PAGE 2
011 A00AA01 CONSECO EQUITY SALES, INC.
011 B00AA01 8-14875
011 C01AA01 CARMEL
011 C02AA01 IN
011 C03AA01 46032
011 C04AA01 4555
012 A00AA01 BOSTON FINANCIAL DATA SERVICES
012 B00AA01 84-00896
012 C01AA01 QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 COOPERS & LYBRAND LLP
013 B01AA01 INDIANAPOLIS
013 B02AA01 IN
013 B03AA01 46282
013 B04AA01 0002
014 A00AA01 CONSECO FINANCIAL SERVICES, INC.
014 B00AA01 8-13233
014 A00AA02 CONSECO EQUITY SALES, INC.
014 B00AA02 8-14875
014 A00AA03 MDS SECURITIES INCORPORATED
014 B00AA03 8-44287
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10826
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 8
019 C00AA00 CONSECOFUN
020 A000001 GOLDMAN SACHS
020 B000001 13-5108880
020 C000001 20
020 A000002 O'NEIL (WILLIAM) & CO. INC.
020 B000002 95-2269163
020 C000002 6
020 A000003 SMITH BARNEY, INC.
020 B000003 13-1912900
020 C000003 6
020 A000004 LYNCH, JONES, & RYAN
020 B000004 13-3356934
020 C000004 5
020 A000005 RAUSCHER, PIERCE, REFSNES, INC.
020 B000005 75-1828470
020 C000005 4
020 A000006 OPPENHEIMER & CO., INC.
020 B000006 13-2798313
020 C000006 4
020 A000007 MONTGOMERY SECURITIES
<PAGE>
PAGE 3
020 B000007 94-1701676
020 C000007 4
020 A000008 JOHNSON, RICE & CO.
020 B000008 72-1091384
020 C000008 3
020 A000009 KING (C.L.) & ASSOCIATES, INC.
020 B000009 13-2700327
020 C000009 3
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020 B000010 13-2741729
020 C000010 2
021 000000 83
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022 B000001 13-5674085
022 C000001 8798
022 D000001 4930
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022 C000002 8139
022 D000002 2505
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 4145
022 D000003 3927
022 A000004 SALOMON BROTHERS
022 B000004 13-3082694
022 C000004 3919
022 D000004 2866
022 A000005 BEAR STEARNS & CO.
022 B000005 13-3299429
022 C000005 3088
022 D000005 3414
022 A000006 UBS SECURITIES
022 B000006 13-2932996
022 C000006 2066
022 D000006 3729
022 A000007 J.P. MORGAN SECURITIES INC.
022 B000007 13-3224016
022 C000007 3037
022 D000007 687
022 A000008 BRADFORD, J.C. & CO
022 B000008 62-0136910
022 C000008 1507
022 D000008 2005
022 A000009 LEHMAN BROTHERS INC.
022 B000009 13-2518466
022 C000009 1650
022 D000009 1806
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022 B000010 22-2347336
022 C000010 2198
<PAGE>
PAGE 4
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<PAGE>
PAGE 5
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<PAGE>
PAGE 6
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<PAGE>
PAGE 7
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<PAGE>
PAGE 8
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<PAGE>
PAGE 10
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<PAGE>
PAGE 11
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<PAGE>
PAGE 12
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<PAGE>
PAGE 13
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<PAGE>
PAGE 14
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<PAGE>
PAGE 15
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<PAGE>
PAGE 16
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<PAGE>
PAGE 17
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PAGE 18
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SIGNATURE WILLIAM P. LATIMER
TITLE SECRETARY
Conseco Fund Group
N-SAR for June 30, 1997
Exhibit in Response to Item 77C
Item 77C. Submission of matters to a vote of security holders
a) A special meeting of the Conseco Fund Group shareholders was held on
March 28, 1997.
b) Not applicable
c) Proposal 1 - To approve investment advisory agreements between the
Trust, on behalf of each Fund, and Conseco Capital Management, Inc.:
(For all shareholders of the Equity Fund, the Asset Allocation Fund and the
Fixed Income Fund, voting separately)
Affirmative Negative Shares
Fund Votes Votes Outstanding
- ------------------------ ------------------ -------------- -------------------
Equity 1,008,844 0 1,013,229
Asset Allocation 1,003,161 0 1,003,456
Fixed Income 954,401 0 1,004,754
Proposal 2 - To approve a distribution and service plan for each
Fund's Class A shares to increase distribution fees.:
(For Class A shareholders only of the Equity Fund, the Asset Allocation Fund
and the Fixed Income Fund, voting separately)
Affirmative Negative Class A Shares
Fund Votes Votes Outstanding
- ------------------------ ------------------ -------------- ---------------------
Equity 10,330 0 14,714
Asset Allocation 3,161 0 3,457
Fixed Income 1,870 0 2,068
Proposal 3 - To ratify the selection of Coopers & Lybrand LLP as
independent accountants of the Trust.:
(For all shareholders of the Equity Fund, the Asset Allocation Fund and the
Fixed Income Fund, voting together)
Affirmative Negative Shares
Votes Votes Outstanding
- ------------------- -------------- --------------------
2,966,408 0 3,021,440
(Fractional shares not shown)
d) Not applicable
Conseco Fund Group
N-SAR for June 30, 1997
Exhibit in Response to Item 77Q1
Item 77Q1:
1) Amended Registrant Investment Advisory Contracts
Incorporated by reference from Post-Effective Amendment No. 1 to
Registrant's Registration Statement (SEC File No. 333-13185) filed on July 30,
1997. Edgar Accession No. 0000898432-97-000365.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED 6/30/97 FINANCIAL STATEMENTS
OF THE CONSECO FUND GROUP AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> CONSECO FUND GROUP EQUITY FUND - CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
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<INVESTMENTS-AT-VALUE> 48,854,864
<RECEIVABLES> 2,528,981
<ASSETS-OTHER> 1,083,045
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 52,466,890
<PAYABLE-FOR-SECURITIES> 2,089,285
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<OTHER-ITEMS-LIABILITIES> 148,642
<TOTAL-LIABILITIES> 2,237,936
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 575,490
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,507,842
<NET-ASSETS> 50,228,954
<DIVIDEND-INCOME> 88,500
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (113,146)
<NET-INVESTMENT-INCOME> (24,646)
<REALIZED-GAINS-CURRENT> 575,490
<APPREC-INCREASE-CURRENT> 5,507,842
<NET-CHANGE-FROM-OPS> 6,058,686
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140,742
<NUMBER-OF-SHARES-REDEEMED> (726)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 50,195,604
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,439
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 176,752
<AVERAGE-NET-ASSETS> 537,193
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> .88
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.85
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED 6/30/97 FINANCIAL STATEMENTS
OF THE CONSECO FUND GROUP AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 002
<NAME> CONSECO FUND GROUP EQUITY FUND - CLASS Y
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-02-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 43,347,022
<INVESTMENTS-AT-VALUE> 48,854,864
<RECEIVABLES> 2,528,981
<ASSETS-OTHER> 1,083,045
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 52,466,890
<PAYABLE-FOR-SECURITIES> 2,089,285
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 148,642
<TOTAL-LIABILITIES> 2,237,936
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,170,268
<SHARES-COMMON-STOCK> 4,474,639
<SHARES-COMMON-PRIOR> 1,667
<ACCUMULATED-NII-CURRENT> (24,646)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 575,490
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,507,842
<NET-ASSETS> 50,228,954
<DIVIDEND-INCOME> 88,500
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (113,146)
<NET-INVESTMENT-INCOME> (24,646)
<REALIZED-GAINS-CURRENT> 575,490
<APPREC-INCREASE-CURRENT> 5,507,842
<NET-CHANGE-FROM-OPS> 6,058,686
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,652,917
<NUMBER-OF-SHARES-REDEEMED> (179,945)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 50,195,604
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,439
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 176,752
<AVERAGE-NET-ASSETS> 19,218,020
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> .89
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED 6/30/97 FINANCIAL STATEMENTS
OF THE CONSECO FUND GROUP AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> CONSECO FUND GROUP ASSET ALLOCATION FUND - CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-02-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 9,901,112
<INVESTMENTS-AT-VALUE> 10,656,716
<RECEIVABLES> 1,015,412
<ASSETS-OTHER> 682,849
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,354,977
<PAYABLE-FOR-SECURITIES> 1,023,441
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 191,769
<TOTAL-LIABILITIES> 1,215,210
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,543,011
<SHARES-COMMON-STOCK> 41,038
<SHARES-COMMON-PRIOR> 1,668
<ACCUMULATED-NII-CURRENT> 6,118
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (164,966)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 755,604
<NET-ASSETS> 11,139,767
<DIVIDEND-INCOME> 13,965
<INTEREST-INCOME> 161,938
<OTHER-INCOME> 0
<EXPENSES-NET> (50,782)
<NET-INVESTMENT-INCOME> 125,121
<REALIZED-GAINS-CURRENT> (164,966)
<APPREC-INCREASE-CURRENT> 755,604
<NET-CHANGE-FROM-OPS> 715,759
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (119,003)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,387
<NUMBER-OF-SHARES-REDEEMED> (80)
<SHARES-REINVESTED> 63
<NET-CHANGE-IN-ASSETS> 11,106,417
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18,156
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 116,138
<AVERAGE-NET-ASSETS> 153,546
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> .65
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.20)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.55
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED 6/30/97 FINANCIAL STATEMENTS
OF THE CONSECO FUND GROUP AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> CONSECO FUND GROUP ASSET ALLOCATION FUND - CLASS Y
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-02-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 9,901,112
<INVESTMENTS-AT-VALUE> 10,656,716
<RECEIVABLES> 1,015,412
<ASSETS-OTHER> 682,849
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,354,977
<PAYABLE-FOR-SECURITIES> 1,023,441
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 191,769
<TOTAL-LIABILITIES> 1,215,210
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,543,011
<SHARES-COMMON-STOCK> 1,012,757
<SHARES-COMMON-PRIOR> 1,667
<ACCUMULATED-NII-CURRENT> 6,118
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (164,966)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 755,604
<NET-ASSETS> 11,139,767
<DIVIDEND-INCOME> 13,965
<INTEREST-INCOME> 161,938
<OTHER-INCOME> 0
<EXPENSES-NET> (50,782)
<NET-INVESTMENT-INCOME> 125,121
<REALIZED-GAINS-CURRENT> (164,966)
<APPREC-INCREASE-CURRENT> 755,604
<NET-CHANGE-FROM-OPS> 715,759
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (119,003)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,005,930
<NUMBER-OF-SHARES-REDEEMED> (35)
<SHARES-REINVESTED> 5,195
<NET-CHANGE-IN-ASSETS> 11,106,417
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18,156
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 116,138
<AVERAGE-NET-ASSETS> 8,669,389
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> .56
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.05)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED 6/30/97 FINANCIAL STATEMENTS
OF THE CONSECO FUND GROUP AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> CONSECO FUND GROUP FIXED INCOME FUND - CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-02-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 18,294,048
<INVESTMENTS-AT-VALUE> 18,429,263
<RECEIVABLES> 1,354,272
<ASSETS-OTHER> 2,049,327
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,832,862
<PAYABLE-FOR-SECURITIES> 2,095,875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 212,317
<TOTAL-LIABILITIES> 2,308,192
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,322,654
<SHARES-COMMON-STOCK> 4,357
<SHARES-COMMON-PRIOR> 1,667
<ACCUMULATED-NII-CURRENT> 16,750
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 50,052
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 135,214
<NET-ASSETS> 19,524,670
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 430,617
<OTHER-INCOME> 0
<EXPENSES-NET> (38,064)
<NET-INVESTMENT-INCOME> 392,553
<REALIZED-GAINS-CURRENT> 50,052
<APPREC-INCREASE-CURRENT> 135,214
<NET-CHANGE-FROM-OPS> 577,819
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,615
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 75
<NET-CHANGE-IN-ASSETS> 19,491,320
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,619
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 111,619
<AVERAGE-NET-ASSETS> 27,088
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> .09
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.30)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.06
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED 6/30/97 FINANCIAL STATEMENTS
OF THE CONSECO FUND GROUP AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 032
<NAME> CONSECO FUND GROUP FIXED INCOME FUND - CLASS Y
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-02-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 18,294,048
<INVESTMENTS-AT-VALUE> 18,429,263
<RECEIVABLES> 1,354,272
<ASSETS-OTHER> 2,049,327
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,832,862
<PAYABLE-FOR-SECURITIES> 2,095,875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 212,317
<TOTAL-LIABILITIES> 2,308,192
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,322,654
<SHARES-COMMON-STOCK> 1,933,502
<SHARES-COMMON-PRIOR> 1,668
<ACCUMULATED-NII-CURRENT> 16,750
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 50,052
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 135,214
<NET-ASSETS> 19,524,670
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 430,617
<OTHER-INCOME> 0
<EXPENSES-NET> (38,064)
<NET-INVESTMENT-INCOME> 392,553
<REALIZED-GAINS-CURRENT> 50,052
<APPREC-INCREASE-CURRENT> 135,214
<NET-CHANGE-FROM-OPS> 577,819
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,933,837
<NUMBER-OF-SHARES-REDEEMED> (29,783)
<SHARES-REINVESTED> 27,780
<NET-CHANGE-IN-ASSETS> 19,491,320
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,619
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 111,619
<AVERAGE-NET-ASSETS> 11,277,291
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.33)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.08
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
