Conseco/Green Tree Merger Receives Required Regulatory Approvals.

CARMEL, Ind.--(BUSINESS WIRE)--June 26, 1998--Conseco, Inc. (NYSE:CNC) and Green Tree Financial Corporation (NYSE:GNT) today announced that they have received all regulatory approvals required to consummate their merger. Conseco and Green Tree said that they expect to close the transaction on June 30, 1998, subject to the approval of both Conseco and Green Tree shareholders, who are scheduled to hold separate special meetings that day to consider the merger.

Green Tree Financial Corporation is a leading diversified financial services company with nationwide operations serving customers in the consumer finance, commercial finance and insurance markets. Founded in 1975, Green Tree has 6,000 employees at 200 company locations that work with over 20,000 independent retail dealers across the country as well as directly with consumers and businesses.

Headquartered in Carmel, Ind., Conseco is a financial services organization dedicated to providing its customers with solutions for both wealth protection and wealth creation. Through its subsidiaries, Conseco is one of the nation's leading providers of supplemental health insurance, retirement annuities and universal life insurance.

World Wide Web http://www.conseco.com Investor Hotline 800.4.CONSECO Fax-on-Demand 800.344.6452

   CONTACT: Conseco, Inc., Carmel
             Jim Rosensteele, 317/817-2893