<PAGE>
Filed pursuant to Rule 424(b)(5)
File Nos. 333-85119
and 333-85119-01
Supplement dated November 4, 1999, to Prospectus Supplement dated November 1,
1999, to Prospectus dated November 1, 1999
[CONSECO LOGO]
$19,938,000 (Approximate)
Conseco Finance Securitizations Corp.
Seller
Conseco Finance Corp.
Servicer
Certificates for Home Equity Loans
Series 1999-G
----------------
We are offering the Class B-2 certificates through this supplement.
<TABLE>
<CAPTION>
Approximate Interest
Class Principal Amount Rate
- ----- ---------------- --------
<S> <C> <C>
Class B-2............................................. $19,938,000 10.96%
-----------
Total................................................. $19,938,000
===========
</TABLE>
This supplement relates to the offering of the Class B-2 certificates but
does not contain complete information about these certificates. 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 B-2 certificates 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 certificates, before deducting expenses, will be approximately
$19,832,113, 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 November 16, 1999.
----------------
Underwriter of the Class B-2 certificates:
Bear, Stearns & Co. Inc.
The date of this supplement is November 4, 1999.
<PAGE>
UNDERWRITING
The underwriter has agreed, subject to the terms and conditions of the
supplemental underwriting agreement dated November 4, 1999, to purchase from
Conseco Securitizations the principal amount of the certificates set forth
opposite its name below.
<TABLE>
<CAPTION>
Principal
Amount of
Class B-2
Underwriter Certificates
----------- ------------
<S> <C>
Bear, Stearns & Co. Inc...................................... $19,938,000
-----------
</TABLE>
In the supplemental underwriting agreement, the underwriter has agreed,
subject to the terms and conditions in the agreement, to purchase all of the
certificates offered by this supplement if any certificates 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]
$19,938,000
(Approximate)
Conseco Finance Home Loan Trust 1999-G Class B-2 Loan-Backed Certificates
Conseco Finance Securitizations Corp. Seller
Conseco Finance Corp. Servicer
-------------------------
Prospectus Supplement
-------------------------
Bear, Stearns & Co. Inc.
November 4, 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.
