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

To: Rick Slemmer who wrote (505)	12/11/1997 8:50:00 AM
From: Ken Sammut	Respond to of 4155

For a company "only worth $1.00 to $2.00," it is funny how their product line and customer base continues to grow. Dirk would have had more credibility if he picked a number in the 20's or 30's. CARMEL, Ind.--(BUSINESS WIRE)--Dec. 10, 1997--Conseco, Inc. said today that the Rydex Advisor Variable Annuity issued by its Great American Reserve Insurance Co. unit has been cleared for sale in California. The Rydex Advisor Variable Annuity is an innovative annuity contract designed exclusively for registered investment advisors who implement tactical asset allocation or market timing investment strategies. Featuring seven investment options, it is designed so that investment advisors can move their clients' assets easily from one financial sector to another. California is the 45th state to approve the product, which has reached approximately $30 million of assets under active management in the past seven months. Call for a free prospectus detailing fees and charges. Read the prospectus carefully before you invest or send money. The Rydex Variable Annuity is issued by Great American Reserve Insurance Company, a subsidiary of Conseco, Inc. located in Carmel, Ind., and distributed by PADCO Financial Services, Inc., a registered broker/dealer, member NASD/SIPC, located at 6116 Executive Blvd., Suite 400, Rockville, Md. 20852. Rydex sponsors the Rydex Series Trust, a no-load fund family with approximately $1.8 billion of assets under management. 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. CONTACT: Conseco, Inc., Carmel Jim Rosensteele, 317/817.2893 KEYWORD: INDIANA CALIFORNIA MARYLAND BW1249 DEC 10,1997