<PAGE>
<PAGE>
- - ------------
/ FORM 4 /
- - ------------
CHECK THIS BOX IF NO LONGER
SUBJECT TO SECTION 16. FORM 4 OR
FORM 5 OBLIGATIONS MAY CONTINUE.
SEE INSTRUCTION 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
- - ------------------------------
OMB APPROVAL
- - ------------------------------
OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response. . . . .0.5
- - ------------------------------
(Print or Type Responses)
- - ------------------------------------------------------------------------
1. Name and Address of Reporting Person<F*>
Slayton, Maurice W.
- - ------------------------------------------------------------------------
(Last) (First) (Middle)
185 Asylum Street
- - ------------------------------------------------------------------------
(Street)
Hartford, Connecticut 06103-4105
- - ------------------------------------------------------------------------
(City) (State) (Zip)
- - ------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
Conning Corporation (CNNG)
- - ------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- - ------------------------------------------------------------------------
4. Statement for Month/Year
January, 1999
- - ------------------------------------------------------------------------
5. If Amendment, Date of Original
(Month/Year)
- - ------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
----- ------
X Officer (give title below) Other (specify below)
----- ------
President
- - ------------------------------------------------------------------------
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
____ Form filed by More than One Reporting Person
- - ------------------------------------------------------------------------
<PAGE>
<TABLE>
- - ---------------------------------------------------------------------------------------------------------------------------------
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- - ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr. 8) Owned at Direct Owner-
End of Month (D) or ship
- - ---------------------- (Month/ -------------------------------------------- Indirect
Day/ (A) or (Instr. 3 and 4) (I)
Year) Code V Amount (D) Price (Instr. 4) (Instr. 4)
- - ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 1/28/99 M 37,524 A $5.33 37,524 D
- - ---------------------------------------------------------------------------------------------------------------------------------
- - ---------------------------------------------------------------------------------------------------------------------------------
- - ---------------------------------------------------------------------------------------------------------------------------------
- - ---------------------------------------------------------------------------------------------------------------------------------
- - ---------------------------------------------------------------------------------------------------------------------------------
- - ---------------------------------------------------------------------------------------------------------------------------------
<FN>
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
<F*> If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- - -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of
Security sion or action action ative Securities Ac- cisable and Underlying Securities
Exercise Date Code quired (A) or Dis- Expiration (Instr. 3 and 4)
Price of (Instr. 8) posed of (D) Date
Deri- (Month/ (Instr. 3, 4, and 5) (Month/Day/
vative Day/ Year)
Security Year)
-------------------------------------------------------------------------------
Date Expira- Amount or
Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
- - -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee stock option
(right to buy) $5.33 1/28/99 M 37,524 8/11/96 8/11/05 Common Stock 37,524
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- - -----------------------------------------------------------------------------------------------------------------------------------
8. Price 9. Number 10. Owner- 11. Nature
of of deriv- ship of
Deriv- ative Form of Indirect
ative Secur- Deriv- Benefi-
Secur- ities ative cial
ity Bene- Security: Owner-
(Instr. ficially Direct ship
5) Owned (D) or (Instr. 4)
at End Indirect
of (I)
Month (Instr. 4)
(Instr. 4)
- - -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C>
82,476 D
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
- - -----------------------------------------------------------------------------------------------------------------------------------
<FN>
EXPLANATION OF RESPONSES:
<F*> Options vested at a rate of 20% per year; provided that, the vesting accelerated and became immediate upon the registrant's
initial public offering (12/97).
<F**> Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.
</TABLE>
/s/ Maurice W. Slayton 2/8/99
- - -------------------------------------- ------------------ Page 2
<F**>Signature of Reporting Person Date SEC 1474 (7-96)
