Conseco Fund Group
Classes A, B, C and Y Shares
Supplement Dated January 9, 2001,
to the Prospectus dated April 13, 2000
as revised May 22, 2000, July 27, 2000, October 23, 2000
and December 1, 2000
The following disclosure replaces the information for Eric Todd, under the
heading titled "Portfolio managers of the Conseco Fund Group":
<TABLE>
FUND MANAGER WITH CCM SINCE PROFESSIONAL EXPERIENCE FUNDS
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
R. Anthony Jasinski September 2000 o Oversees high yield trading Conseco High Yield
Vice President,
Trading o Co-manages privately placed
high yield portfolios
o Portfolio Manager of other
affiliated investment companies
o Prior to joining the Adviser,
Mr. Jasinski was a Managing
Director and Co-head of fixed
income trading at PPM America
o Prior to PPM, he was a Vice
President of fixed income trading
for Scudder Kemper
</TABLE>