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 September 22, 2000
The following information supplements the information contained in your variable
annuity Prospectus:
Conseco Variable Insurance Company (Conseco Variable) proposes 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 the INVESCO Variable Investment Funds,
Inc. (Substitution). Conseco Variable will file an application with the
Securities and Exchange Commission (Commission) shortly requesting an order
approving the Substitution, and subject to any prior approval by applicable
state insurance authorities, Conseco Variable and Conseco Variable Annuity
Account C, Conseco Variable Annuity Account E, Conseco Variable Annuity Account
F, Conseco Variable Annuity Account G and Conseco Variable Annuity Account H
(Annuity Accounts) propose to effect the Substitution as soon as is practical.
Prior to the date of the Substitution, you may transfer your Contract value in
the INVESCO VIF-High Yield Fund and the INVESCO VIF-Equity Income Fund
Investment Options to any other Investment Option of the Annuity Accounts
without any limitation or charge being imposed. Moreover, following the
Substitution for a period of 30 days, Conseco Variable will permit transfers
from the High Yield Portfolio of Conseco Series Trust and the Equity Portfolio
of the Conseco Series Trust to any other Investment Option of the Annuity
Account available under your Contract without any limitation or charge being
imposed. After the 30 days, any transfers from the High Yield Portfolio of
Conseco Series Trust and the Equity Portfolio of the Conseco Series Trust will
be subject to the restrictions described in the Prospectus.
A complete list of all available Portfolios and Funds which the Annuity Accounts
invest in is set forth in the Prospectus. You may obtain a Prospectus by writing
or calling Conseco Variable's Administrative Office at the address or telephone
number set forth below.
Conseco Variable will effect the Substitution by simultaneously placing an order
to
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redeem the shares of the INVESCO VIF-High Yield Fund and the INVESCO VIF-Equity
Income Fund and an order to purchase shares of the High Yield Portfolio of
Conseco Series Trust and the Equity Portfolio of the Conseco Series Trust,
respectively.
Conseco Variable will bear the expenses attributable to the Substitution.
Conseco Variable will send you a notice within five days after the Substitution.
Conseco Variable Insurance Company
11815 N. Pennsylvania Street
Carmel, IN 46032
(800) 342-6307
CV296
