[CONNING LOGO]



Investor Contact: Fred M. Schpero
                  or Paul Kopsky, Jr.
                  (314) 444-0715

Media Contact:    David Garino
                  (314) 982-1700

Internet:  http://www.conning.com


      CONNING CORPORATION COMMENTS ON BOARD MEMBER RESIGNATION
      --------------------------------------------------------

     ST. LOUIS, JANUARY 17, 2000 -- Conning Corporation (NASDAQ:CNNG)
announced today that John C. Shaw has resigned from the Company's Board
of Directors and its related committees.  Mr. Shaw indicated that his
resignation was due to personal reasons.  Mr. Shaw had been a director
of Conning since June 1997.

Conning provides asset management services primarily to insurance
companies and institutional investors with discretionary assets under
management, manages private equity funds investing in insurance and
insurance-related companies, and conducts in-depth research on the
insurance industry.

     The preceding discussions of expected future results may
constitute forward-looking statements.  Actual results could differ from
expected results due to factors discussed in company filings with the
Securities and Exchange Commission.


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