Conseco Capital Management Names New Co-portfolio Managers for Conseco Strategic Income Fund.

Business Editors

CARMEL, Ind.--(BUSINESS WIRE)--Aug. 16, 2000

Conseco Capital Management, Inc. (CCM) today announced the appointment of Robert Cook, CFA and Eric Todd, CFA, to co-manage the closed-end Conseco Strategic Income Fund (NYSE:CFD). Key members of the fund's investment management team since its inception July 31, 1998, they replace Peter Andersen, who departed on July 17, 2000. As of June 30, 2000, the fund had assets of $75.3 million.

Cook joined CCM in 1994 as a fixed-income analyst in the high-yield arena, after serving as a financial analyst at PNC Securities Corp. In addition to co-managing the fund, he is a vice president and senior fixed-income securities analyst at CCM. Cook will also co-manage more than $150 million in high-yield institutional client assets. He earned his bachelor's degree in finance from Indiana University, Bloomington.

Todd, who joined CCM in 1991 as a fixed-income analyst, is a vice president at CCM and will share responsibility for managing this fund, as well as more than $150 million in high-yield institutional client accounts. As director of structured products, he also manages over $1.8 billion in private investment funds, primarily in high yield. Todd graduated magna cum laude from Indiana State University, Terre Haute, with a bachelor's degree in finance and business administration.

"Rob and Eric are superb examples of our development program, bench strength and team-driven investment process," said Maxwell Bublitz, CCM president and CEO. "They have been instrumental in the growth and success of our institutional and mutual fund high-yield investment portfolios."

Director of Research Bill Lissenden said, "Their experience and expertise, when coupled with our extensive proprietary research capabilities and focus on total-return fundamentals, helps maintain exceptional investment performance potential for our clients and shareholders."

Formed in 1981, CCM is an independent, wholly owned subsidiary of Conseco, Inc. (NYSE:CNC). CCM also manages assets for college endowments, corporations, government entities, Taft-Hartley pension funds and high-net-worth individuals. CCM had more than $35 billion in taxable and non-taxable assets under management as of June 30, 2000.

Headquartered in Carmel, Ind., Conseco is one of middle America's leading sources for insurance, investment and lending products. Through its subsidiaries and a nationwide network of distributors, Conseco helps 13 million customers step up to a better, more secure future.

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