CONSECO SCIENCE & TECHNOLOGY FUND
CONSECO LARGE-CAP FUND
Class A, B, C and Y Shares
Supplement Dated August 29, 2000
to the Prospectus dated June 27, 2000
THE FOLLOWING "SIDEBAR" LANGUAGE IS ADDED TO PAGE 3 THAT IS ENTITLED "THE
CONSECO FUND GROUP'S APPROACH TO MANAGING YOUR MUTUAL FUND INVESTMENT":
As you review the investment objectives of the Conseco Fund Group mutual funds
and others, you should bear in mind that a single mutual fund can't have it all.
Pursuing high total investment return or high investment income normally means
investing in riskier stocks and bonds. Investing in safer securities normally
means sacrificing some upside potential.
THE EXPENSE EXAMPLES ARE REPLACED AS FOLLOWS:
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CONSECO SCIENCE AND TECHNOLOGY FUND
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1 Year 3 Year 5 Year 10 Year
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Class A $ 743 $ 1,202 $ 1,687 $ 3,019
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Class B $ 728 $ 1,116 $ 1,631 $ 3,088
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Class C $ 328 $ 816 $ 1,431 $ 3,088
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Class Y $ 127 $ 513 $ 924 $ 2,071
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CONSECO LARGE-CAP FUND
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1 Year 3 Year 5 Year 10 Year
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Class A $ 719 $ 1,085 $ 1,475 $ 2,565
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Class B $ 703 $ 994 $ 1,411 $ 2,631
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Class C $ 303 $ 694 $ 1,211 $ 2,631
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Class Y $ 102 $ 387 $ 693 $ 1,562
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THE FIRST SENTENCE UNDER THE HEADING ENTITLED "CLASS A SHARES" IS REPLACED AS
FOLLOWS:
Carry a maximum up-front sales charge of 5.75% of your investment -- depending
on the size of your investment.
