CONSECO VARIABLE ANNUITY ACCOUNT C
497, 2000-12-13
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                       CONSECO VARIABLE INSURANCE COMPANY

                       CONSECO VARIABLE ANNUITY ACCOUNT C
                       CONSECO VARIABLE ANNUITY ACCOUNT E
                       CONSECO VARIABLE ANNUITY ACCOUNT F
                       CONSECO VARIABLE ANNUITY ACCOUNT G
                       CONSECO VARIABLE ANNUITY ACCOUNT H

                        Supplement dated November 8, 2000


         This  supplement  replaces  the  Supplement  dated  September  22, 2000
(September 22nd Supplement) in its entirety.

         In the September 22nd Supplement, a proposed substitution of shares was
described.  The  Supplement  stated  that  Conseco  Variable  Insurance  Company
(Conseco  Variable) proposed to substitute shares of the High Yield Portfolio of
Conseco  Series Trust for shares of the INVESCO  VIF-High  Yield Fund of INVESCO
Variable  Investment  Funds,  Inc.,  and to  substitute  shares  of  the  Equity
Portfolio  of the  Conseco  Series  Trust for shares of the  INVESCO  VIF-Equity
Income  Fund of INVESCO  Variable  Investment  Funds,  Inc.  (Substitution).  In
connection with the proposed Substitution, Conseco Variable filed an application
with the  Securities  and  Exchange  Commission  (SEC)  seeking  approval of the
proposed Substitution.

         The  purpose  of this  Supplement  is to inform  contract  owners  that
Conseco Variable has determined that it is not in the best interests of contract
owners to pursue  the  Substitution  at this  time.  In light of this  decision,
Conseco Variable has withdrawn its request for approval of the Substitution from
the SEC.



                       Conseco Variable Insurance Company
                          11815 N. Pennsylvania Street
                                Carmel, IN 46032
                                 (800) 342-6307



CV307




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