UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Kilian, Thomas J.
11825 N. Pennsylvania Street
Carmel, IN 46032
2. Date of Event Requiring Statement (Month/Day/Year)
March 31, 1998
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Conseco
CNC
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President and Chief Operations Officer
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C>
Common Stock |149,128 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3,202 |I |By 401(k) Plan |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
Options to Purchase |(1) |8/1/98 |Common Stock |968 |$1.56 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |8/14/98 |Common Stock |2,176 |$5.34 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |8/14/99 |Common Stock |2,176 |$5.34 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |8/5/98 |Common Stock |2,232 |$6.72 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |8/5/99 |Common Stock |2,232 |$6.72 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |8/5/00 |Common Stock |2,232 |$6.72 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |11/3/03 |Common Stock |60,000 |$14.09 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |11/4/98 |11/3/03 |Common Stock |60,000 |$14.09 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |11/4/99 |11/3/03 |Common Stock |60,000 |$14.09 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |11/4/00 |11/3/03 |Common Stock |60,000 |$14.09 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |11/4/01 |11/3/03 |Common Stock |60,000 |$14.09 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |6/7/98 |Common Stock |4,800 |$13.31 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |6/7/99 |Common Stock |4,800 |$13.31 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |6/7/00 |Common Stock |4,800 |$13.31 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |6/8/98 |6/7/01 |Common Stock |4,800 |$13.31 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/13/04 |Common Stock |3,896 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/13/04 |Common Stock |2,788 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/14/98 |12/13/04 |Common Stock |1,352 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/13/98 |Common Stock |4,800 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/13/99 |Common Stock |904 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/13/00 |Common Stock |2,012 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/14/98 |12/13/01 |Common Stock |3,448 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/14/99 |12/13/02 |Common Stock |4,800 |$10.47 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |8/25/98 |8/25/05 |Common Stock |4,000 |$12.06 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |8/25/99 |8/25/05 |Common Stock |2,000 |$12.06 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |8/25/00 |8/25/05 |Common Stock |2,000 |$12.06 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/13/99 |12/12/02 |Common Stock |1,792 |$14.30 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/13/00 |12/12/03 |Common Stock |4,800 |$14.30 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/12/05 |Common Stock |4,800 |$14.30 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/12/05 |Common Stock |4,800 |$14.30 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/13/98 |12/12/05 |Common Stock |4,800 |$14.30 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/13/99 |12/12/05 |Common Stock |3,008 |$14.30 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(1) |12/15/06 |Common Stock |2,400 |$30.41 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/16/98 |12/15/06 |Common Stock |2,400 |$30.41 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/16/99 |12/15/06 |Common Stock |2,400 |$30.41 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/16/00 |12/15/06 |Common Stock |2,162 |$30.41 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/16/00 |12/15/03 |Common Stock |238 |$30.41 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/16/01 |12/15/04 |Common Stock |2,400 |$30.41 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/19/01 |12/18/04 |Common Stock |628 |$43.00 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/19/02 |12/18/05 |Common Stock |1,500 |$43.00 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/19/00 |12/18/07 |Common Stock |3,000 |$43.00 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |12/19/01 |12/18/07 |Common Stock |872 |$43.00 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Options to Purchase |(2) |(3) |Common Stock |200,000 |$30.41 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Units |(4) |(4) |Common Stock |632 | |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) These options are currently
exercisable.
(2) The options will become exercisable in 2011 or 2016, but in the event of
death or disability, 40% of the
options will be exercisable if the Reporting Person remains employed until
1/1/02 and 100% will be exercisable if
the Reporting Person remains employed until
1/1/08.
(3) The options expire six months after they first become exercisable if the
Reporting Person does not remain
employed by the Issuer until age 60 and otherwise until one year after
death.
(4) Granted under the Conseco, Inc. Deferred Compensation
Plan.
SIGNATURE OF REPORTING PERSON
/s/Thomas J. Kilian by Karl W. Kindig, Attorney-in-Fact
DATE
April 9, 1998
