<PAGE>
Filed Pursuant to Rule 424(b)(3)
File Nos. 333-85037 and 333-85037-01
Supplement dated February 22, 2000,
to Prospectus Supplement dated January 19, 2000,
to Prospectus dated January 19, 2000
[CONSECO LOGO]
$27,000,000 (Approximate)
Conseco Finance Securitizations Corp.
Seller
Conseco Finance Corp.
Servicer and Originator
Manufactured Housing Contract Senior/Subordinate
Pass-Through CertificatesSeries 2000-1
----------------
We are offering the Class B-1 certificates through this supplement.
<TABLE>
<CAPTION>
Approximate Remittance
Class Principal Amount Rate
- ----- ---------------- ----------
<S> <C> <C>
Class B-1........................................... $27,000,000 8.80%
-----------
Total............................................... $27,000,000
===========
</TABLE>
This supplement relates to the offering of the Class B-1 certificates but
does not contain complete information about these certificates. Additional
information is contained in the accompanying prospectus supplement dated
January 19, 2000 and in the related prospectus dated January 19, 2000.
Prospective purchasers are urged to read this supplement, the prospectus
supplement and the prospectus in full.
The Class B-1 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
$26,311,481, including accrued interest.
Consider carefully the risk factors beginning on page S-11 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 supplement or prospectus are truthful or complete. Any
representation to the contrary is a criminal offense.
These securities will be delivered on or about February 25, 2000.
----------------
Underwriter of the Class B-1 certificates
Lehman Brothers
The date of this supplement is February 22, 2000.
<PAGE>
UNDERWRITING
The underwriter has agreed, subject to the terms and conditions of the
underwriting agreement, to purchase from Conseco Securitizations the principal
amount of the certificates set forth opposite its name below.
<TABLE>
<CAPTION>
Principal
Amount of
Class B-1
Underwriter Certificates
----------- ------------
<S> <C>
Lehman Brothers Inc. ........................................ $27,000,000
-----------
</TABLE>
In the 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 underwriting agreement provides that, in some
circumstances, the underwriting agreement may be terminated.
SS-2
<PAGE>
[CONSECO LEGO]
$27,000,000
(Approximate)
Conseco Finance Manufactured Housing Contract Senior/Subordinate Pass-Through
Certificates Series 2000-1
Conseco Finance Securitizations Corp.
Seller
Conseco Finance Corp.
Servicer and Originator
--------------------------------------------
Supplement to Prospectus Supplement
--------------------------------------------
Lehman Brothers
February 22, 2000
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.
