Conseco Strategic Income Fund Declares Dividend.

Business Editors

INDIANAPOLIS--(BUSINESS WIRE)--Nov. 14, 2002

Conseco Strategic Income Fund (NYSE:CFD) declared a dividend of $0.0900 per share, payable Dec. 6, 2002 to holders of record at the close of business on Nov. 29, 2002.

Conseco Strategic Income Fund is a closed-end

income. As discussed in the Fund's prospectus, the Fund intends to distribute substantially all of its net investment income monthly. All net realized capital gains, if any, generally will be distributed to the Fund's shareholders at least annually, although net capital gains (i.e., the excess of net long-term capital gains over net short-term capital losses) may be retained by the Fund.

The Fund is managed by Conseco Capital Management, Inc., a wholly owned subsidiary of Conseco, Inc. (OTCBB:CNCE). Headquartered in Indianapolis, 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.