Conseco Fund Group
Classes A, B, C and Y Shares
Supplement Dated July 27, 2000
to the Prospectus dated April 13, 2000
as revised May 22, 2000
The following disclosure replaces the information for Peter Anderson, under the
heading titled "Portfolio managers of the Conseco Fund Group":
WITH CCM PROFESSIONAL
FUND MANAGER SINCE EXPERIENCE FUNDS
--------------------------------------------------------------------------------
Robert L. Cook, CFA 1994 Senior member of CCM's Conseco High Yield
Vice President research group focusing
Portfolio Manager on investments in the
gaming, lodging, leisure
and wireless
telecommunication
industries
Co-manages approximately
$300 million in high
yield total return
portfolios
Portfolio Manager for
other affiliated
investment companies
Eric D. Todd, CFA 1987 Portfolio manager for Conseco High Yield
Vice President collateralized bond
Portfolio Manager obligations, which
encompasses $1.4 billion
in high yield assets and
$420 million in
investment grade assets
Co-manages high yield
total return portfolios
and is responsible for
the oversight of CCM's
private investment funds
Portfolio manager for
other affiliated
investment companies
