CONSECO FUND GROUP
11815 N. Pennsylvania Street, Carmel, Indiana 46032


			 IMPORTANT NOTICE
		ADJOURNMENT OF THE SPECIAL MEETING

February 4, 2004

Dear Shareholder:

We recently mailed you information concerning a Special Meeting of
Shareholders. The meeting that was originally scheduled for January 22,
2004 has been adjourned until February 11, 2004 at 10 a.m. due to an
insufficient number of votes received. The location of the meeting
remains the Conseco Conference Center at the address noted above. This
rescheduling occurred so that we may continue to solicit votes from
shareholders of the Funds regarding the following item:

	* To approve an agreement and plan of reorganization for each
	  of the Conseco "Existing Funds" to become part of The Managers
	  Funds Family of Funds.

THE BOARD OF TRUSTEES HAS UNANIMOUSLY RECOMMENDED A VOTE "FOR" THIS
PROPOSAL.

	EVERY VOTE COUNTS! DON'T HESITATE. PLEASE VOTE TODAY!

No matter how many shares you own, it is critical that you vote. Any
additional solicitations are costly and time-consuming. We urge you to
vote your proxy now.

IF YOU HAVE ANY QUESTIONS, PLEASE CALL THE FUND'S PROXY SOLICITOR, D.F.
KING & CO., INC., TOLL-FREE AT 1-800-628-8510.

	--------------------------------------------------------

	For your convenience, please use one of these easy methods
	to register your vote:

    1.  BY TOUCH TONE PHONE.
	====================
	Please call us toll-free 24 hours a day at the number
	indicated on your proxy card. Follow the simple voting
	instructions provided.

    2.  BY INTERNET.
	============
	Visit the web site and vote per the instructions on the
	enclosed proxy card.

    3.  BY MAIL.
	========
	Simply return your executed proxy in the enclosed postage
	paid envelope immediately so that we will receive it by
	February 11, 2004.

	--------------------------------------------------------



	IF SUFFICIENT VOTES ARE NOT RECEIVED BY FEBRUARY 11TH,
		THE MEETING DATE WILL NEED TO BE EXTENDED
		    DON'T DELAY -- PLEASE VOTE TODAY





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