Conseco Fund Group 11815 North Pennsylvania Street Carmel, Indiana 46032 May 22, 1998 EDGAR FILING - ------------ Mr. Houghton R. Hallock, Jr. Division of Investment Management Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Conseco Fund Group - CIK No. 0001023658 -- Conseco High Yield Focus Fund 1933 Act File No. 333-13185 1940 Act File No. 811-07839 Post-Effective Amendment No. 5 - Application for Withdrawal ------------------------------------------------------------ Dear Sir: Pursuant to Rule 477(a) under the Securities Act of 1933, as amended ("1933 Act"), on behalf of Conseco Fund Group ("Registrant"), we respectfully withdraw Post-Effective Amendment No. 5 to the Registrant's Registration Statement on Form N-1A. Post-Effective Amendment No. 5 was submitted and accepted on April 14, 1998 pursuant to Rule 485(a) under the 1933 Act. The effective date of Post-Effective Amendment No. 5 was to be 75 days after the date of its filing (June 29, 1998), and currently it is pending. Post-Effective Amendment No. 5 was submitted to reflect the creation of a new series of the Registrant, the Conseco High Yield Focus Fund. Due to marketing considerations, the Registrant has determined not to initiate the Conseco High Yield Focus Fund as a new series at this time. The Board of Trustees of the Registrant has passed a resolution approving this application for withdrawal of Post-Effective Amendment No. 5. Sincerely, /s/ William P. Latimer -------------------------------- William P. Latimer, Esq. Vice President and Secretary Conseco Fund Group cc: Donald W. Smith, Esq. Kirkpatrick & Lockhart LLP