Conseco Capital Management Named to Manage $100 Million for Mississippi's Public Employees Retirement System.

Business Editors

CARMEL, Ind.--(BUSINESS WIRE)--Sept. 29, 2000

Conseco, Inc. (NYSE:CNC)

The Public Employees' Retirement System of Mississippi (PERS) has named Conseco Capital Management, Inc. (CCM) to manage $100 million in domestic fixed-income assets.

CCM joins several other investment advisers who have been engaged to manage PERS' $17 billion dollars in assets.

PERS is the retirement system for nearly all of Mississippi's non-federal public employees. Established by the state Legislature in 1952, PERS provides benefits to more than 54,000 retirees, and future benefits to more than 200,000 current and former public employees. In addition to regular-service retirement benefits, PERS also provides disability and survivor protection to plan participants.

"CCM's bottom-up corporate credit analysis, disciplined investment process, team management approach, consistent out-performance over the past 13 years and fee structure were the key factors in our decision," said PERS Deputy Director of Investments, Lorrie Tingle.

Formed in 1981, CCM is an independent, wholly owned subsidiary of Conseco, Inc. (NYSE:CNC). The firm serves as the investment adviser for Conseco, Inc., Conseco Fund Group (CFG) and affiliated companies.

CCM also serves as the investment adviser covering a wide range of fixed-income and equity asset classes for more than 200 institutional clients including: endowments, corporate and government pension funds, Taft-Hartley pension funds, hospitals, insurance companies, religious organizations and high-net-worth individuals. As of June 30, CCM had more than $35 billion in taxable and non-taxable assets under management.

CFG offers a family of eight actively managed mutual funds through more than 180 national and regional broker-dealers. The CFG fund family includes the: Conseco Science & Technology Fund, Conseco 20 Fund, Conseco Equity Fund, Conseco Large-Cap Fund, Conseco Convertible Securities Fund, Conseco Balanced Fund, Conseco High Yield Fund and Conseco Fixed Income Fund.

CFG mutual funds are distributed through Conseco Equity Sales, Inc., member NASD, a wholly owned subsidiary of Conseco, Inc. For more information regarding CFG mutual funds, please obtain a prospectus through your financial advisor and read it carefully before you invest or send money.