CONSECO STOCKCAR STOCKS INDEX FUND
Advisor Class Shares
Supplement Dated August 2, 2000
to the Prospectus dated May 12, 2000
as revised Aug. 1, 2000
The paragraph under the heading titled, "THE ENGINE", is replaced as follows:
INDEX INVESTING
We mentioned this briefly before in PACE LAP, but we should emphasize it again.
It's all in our name: the Conseco StockCar Stocks Index Fund is an index fund.
Unlike actively managed stock mutual funds, we don't pick just those stocks we
think will finish well --- we invest in the stocks in the Index. We believe our
approach makes sense over the long run. Historically, stocks have gained more
value than any other financial investment, like corporate or U.S. government
bonds.
