<PAGE>
Filed pursuant to Rule 424(b)(5)
File Nos. 333-85119
and 333-85119-01
Supplement dated December 2, 1999, to Prospectus Supplement dated November 1,
1999, to Prospectus dated November 1, 1999
[CONSECO LOGO]
$17,875,000 (Approximate)
Conseco Finance Securitizations Corp.
Seller
Conseco Finance Corp.
Servicer
Conseco Finance Home Loan Trust 1999-G
Loan-Backed Securities
----------------
We are offering the Class M-2 notes through this supplement.
<TABLE>
<CAPTION>
Approximate Interest
Class Principal Amount Rate
- ----- ---------------- --------
<S> <C> <C>
Class M-2............................................. $17,875,000 9.52%
-----------
Total................................................. $17,875,000
===========
</TABLE>
This supplement relates to the offering of the Class M-2 notes but does not
contain complete information about these notes. Additional information is
contained in the accompanying prospectus supplement dated November 1, 1999 and
in the related prospectus dated November 1, 1999. Prospective purchasers are
urged to read this supplement, the prospectus supplement and the prospectus in
full.
The Class M-2 notes will be purchased by the underwriter from Conseco
Securitizations and will be offered by the underwriter from time to time to
the public in negotiated transactions or otherwise at varying prices to be
determined at the time of sale. Proceeds to Conseco Securitizations from the
sale of such notes, before deducting expenses, will be approximately
$17,620,229.11, including accrued interest, beginning on November 16, 1999.
Consider carefully the risk factors beginning on page S-12 in the prospectus
supplement.
----------------
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if
this prospectus is truthful or complete. Any representation to the contrary is
a criminal offense.
The Attorney General of the State of New York has not passed on or endorsed
the merits of this offering. Any representation to the contrary is unlawful.
These securities will be delivered on or about December 7, 1999.
----------------
Underwriter of the Class M-2 notes:
Bear, Stearns & Co. Inc.
The date of this supplement is December 2, 1999.
<PAGE>
UNDERWRITING
The underwriter has agreed, subject to the terms and conditions of the
supplemental underwriting agreement dated December 2, 1999, to purchase from
Conseco Securitizations the principal amount of the notes set forth opposite
its name below.
<TABLE>
<CAPTION>
Principal
Amount of
Class M-2
Underwriter Notes
----------- -----------
<S> <C>
Bear, Stearns & Co. Inc...................................... $17,875,000
-----------
</TABLE>
In the supplemental underwriting agreement, the underwriter has agreed,
subject to the terms and conditions in the agreement, to purchase all of the
notes offered by this supplement if any notes are purchased. If the underwriter
defaults, the supplemental underwriting agreement provides that, in some
circumstances, the supplemental underwriting agreement may be terminated.
SS-2
<PAGE>
[CONSECO LEGO]
$17,875,000
(Approximate)
Conseco Finance Home Loan Trust 1999-G Loan-Backed Securities
Conseco Finance Securitizations Corp.
Seller
Conseco Finance Corp.
Servicer
-------------------------
Prospectus Supplement
-------------------------
Bear, Stearns & Co. Inc.
December 2, 1999
For 90 days after the date of this supplement to the prospectus supplement,
all dealers that effect transactions in these securities, whether or not
participating in this offering, may be required to deliver a prospectus. This
is in addition to the dealers' obligation to deliver a copy of this supplement,
the prospectus supplement and the prospectus when acting as underwriters and
with respect to their unsold allotments or subscriptions.
