CONSECO FUND GROUP
CONSECO FIXED INCOME FUND
CONSECO HIGH YIELD FUND
CONSECO BALANCED FUND
CONSECO EQUITY FUND
CONSECO INTERNATIONAL FUND
CONSECO 20 FUND
Supplement Dated December 1, 1998 to the Prospectus
for Class A, B and C Shares dated August 4, 1998
THE FOLLOWING LANGUAGE IS ADDED TO THE SECTION UNDER "ALTERNATIVE PRICING
ARRANGEMENTS" ON PAGE 26 WHICH ADDRESSES WAIVERS OF THE CLASS A SALES CHARGE:
ALTERNATIVE PRICING ARRANGEMENTS
WAIVER OF CLASS A INITIAL SALES CHARGE
o by an omnibus account established by a sponsor for tax-qualified employee
benefit plans where the sponsor provides recordkeeping services for the
plans, and has entered into an agreement with the Distributor in connection
with such account;
THE FOLLOWING LANGUAGE IS ADDED TO THE SECTION UNDER "ALTERNATIVE PRICING
ARRANGEMENTS" ON PAGE 28 WHICH ADDRESSES WAIVERS OF THE CLASS B AND C SALES
CHARGES:
WAIVERS OF THE CONTINGENT DEFERRED SALES CHARGE FOR CLASS B AND CLASS C
o redemptions from an omnibus account established by a sponsor for
tax-qualified employee benefit plans where the sponsor provides recordkeeping
services for the plans, and has entered into an agreement with the
Distributor in connection with such account;
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CONSECO FUND GROUP
CONSECO FIXED INCOME FUND
CONSECO HIGH YIELD FUND
CONSECO BALANCED FUND
CONSECO EQUITY FUND
CONSECO INTERNATIONAL FUND
CONSECO 20 FUND
Supplement Dated December 1, 1998 to the Prospectus
for Class Y Shares dated August 4, 1998
THE SIXTH PARAGRAPH IN THE SECTION "PURCHASE AND REDEMPTION OF SHARES - HOW TO
BUY SHARES" ON PAGE 21 OF THE PROSPECTUS IS REVISED TO READ AS FOLLOWS:
Your initial purchase amount must be at least $500,000. However, the
minimum may be waived at the discretion of a Fund's officers. Each Fund and the
Distributor or Transfer Agent reserves the right to reject any order for the
purchase of shares in whole or in part. The Trust reserves the right to cancel
any purchase order for which payment has not been received by the third business
day following placement of the order.
