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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: JM who wrote (459)	12/8/1997 8:11:00 AM
From: Ken Sammut	Read Replies (1) \| Respond to of 4155

CNBC discussed Dirks and Abelson of Barrons. Laughed at Abelson for being a bear for the last 10 years. Also made it a point to say that you would have been hurt following Dirks and others who tried to short CNC the last few years. Here is CNC's response to Abelson's mention of Dirks in Barrons: >Conseco Responds to Barron's Article Carmel, Ind.: Dec. 8, 1997 - In response to an article in today's edition of Barron's, Conseco, Inc. (NYSE:CNC) today reiterated the following: The statements cited in Barron's emanate from an individual who (as previously announced) issued a negative report on Conseco last Spring after the company refused his demand for a $4.7 million "finder's" fee for an acquisition the company "found" without his help. His claim is in litigation. Conseco officers and directors, in the open market, purchased 4 million shares of the company's common stock between August and October of this year. Officers and directors also purchased 4 million shares of common stock in the open market during 1996. Employees now own or control nearly one-fourth of all fully diluted shares. Conseco is a financial services organization headquartered in Carmel, Ind. Through its subsidiaries, Conseco is one of the nation's leading providers of supplemental health insurance, retirement annuities and universal life insurance. - # # # # -