UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 4
 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person Coss, Lawrence M.
1100 Landmark Towers
345 St. Peter Street
Saint Paul, MN 55102
2. Issuer Name and Ticker or Trading Symbol
Conseco, Inc.
 CNC
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year November 30, 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below) Chairman and CEO of Green Tree Financial Corp.
7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person

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 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
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1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
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 Common Stock              |11/4/9|M   | |762,161           |A  |$3.24      |                   |      |                           |
                           |8     |    | |                  |   |           |                   |      |                           |
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 Common Stock              |11/4/9|F   | |404,659           |D  |$35.97     |4,701,944          |D     |                           |
                           |8     |    | |                  |   |           |                   |      |                           |
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 Common Stock              |      |    | |                  |   |           |79,918             |I     |By Spouse                  |
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 Common Stock              |      |    | |                  |   |           |14,663             |I     |By Minor Child             |
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 Common Stock              |      |    | |                  |   |           |73,320             |I     |LVC Investment Co. Inc.    |
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 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
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1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
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 Options to Purchase  |$3.24   |11/4/|M   | |762,161    |D  |6/30/|4/20/|Common Stock|762,161|       |0           |D  |            |
                      |        |98   |    | |           |   |98   |01   |            |       |       |            |   |            |
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 Options to Purchase  |$35.97  |11/4/|A   | |404,659    |A  |5/4/9|2/9/0|Common Stock|404,659|       |404,659     |D  |            |
                      |        |98   |    | |           |   |9    |6    |            |       |       |            |   |            |
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 Options to Purchase (|        |     |    | |           |   |     |     |            |       |       |1,833,000   |D  |            |
1)                    |        |     |    | |           |   |     |     |            |       |       |            |   |            |
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                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
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Explanation of Responses:
(1) Represents stock options held by the Reporting Person as previously reported.

SIGNATURE OF REPORTING PERSON

/s/Lawrence M. Coss by Karl W. Kindig, Attorney-in-Fact
DATE
December 8, 1998