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SIGNATURE ROBERT FLITTER
TITLE MANAGER
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<NAME> CONSECO STRATEGIC INCOME FUND
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</TABLE>
EXHIBIT INDEX
Exhibit A: Attachment to item 77B:
Accountants report on internal control
Exhibit B: Attachment to item 77Q2:
- -------------------------------------------------------
Exhibit A:
Report of Independent Accountants
To the Board of Trustees and Shareholders of Conseco Strategic
Income Fund:
In planning and performing our audit of the financial
statements of Conseco Strategic Income Fund (the "Fund") for
the period July 31,1998 (commencement of operations) through
June 30, 1999, we considered its internal control, including
control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material weakness
is a condition in which the design or operation of one or more
of the internal control components does not reduce to a
relatively low level the risk that misstatements caused by
error or fraud in amounts that would be material in relation to
the financial statements being audited may occur and not be
detected within a timely period by employees in the normal
course of performing their assigned functions. However, we
noted no matters involving internal control and its operation,
including controls over safeguarding securities, that we
consider to be material weaknesses as defined above as of June
30, 1999.
This report is intended solely for the information and use of
management, the Board of Trustees of the Fund, and the
Securities and Exchange Commission.
PRICEWATERHOUSECOOPERS
August 11, 1999
Exhibit B:
N-SAR Exhibit 77Q2:
Section 16(a) Beneficial Ownership Reporting Compliance:
NAME
Thomas A. Meyers
RELATIONSHIP
Affiliated Person
NUMBER OF LATE FILINGS
1 Late Form 3
NUMBER OF TRANSACTIONS NOT REPORTED ON A TIMELY BASIS
1 transaction
