August 4, 2003

Notice to Certificateholders

of Home Equity/Home Improvement and
Recreational Vehicle Securitization Trusts

[*]Cusips: [see Schedule A]

Please forward this notice to beneficial holders.

U.S. Bank National Association serves as Trustee (the “Trustee”) for the above-referenced certificates or notes (the “Certificates”) issued by certain securitization trusts (the “Securitization Trusts”) pursuant to a Pooling and Servicing Agreement or Sale and Servicing Agreement. You are receiving this notice as a holder of one or more Certificates issued by the home equity/home improvement or recreational vehicle Securitization Trusts (the “HE/HI/REC Trusts”).

As reported to you earlier, Conseco Finance Corp. (“CFC”) and its affiliated debtors (collectively, the “CFC Debtors”) have filed and have obtained conditional confirmation of their Third Amended Joint Liquidating Plan of Reorganization (as has been amended by the Fourth Amended Joint Liquidating Plan of Reorganization filed by the CFC Debtors and as may be amended from time to time, the “Plan”) pursuant to that certain Corrected Interlocutory and Conditional Order Approving the Finance Company Debtors Third Amended Joint Liquidating Plan of Reorganization Subject to Confirmation Conditions and pursuant to Chapter 11 of the United States Bankruptcy Code (the “Conditional Confirmation Order”).

Pursuant to that certain Stipulation and Consent Order Resolving the Objection of U.S. Bank National Association, as Securitization Trustee, to the CFC Debtor’s Third Amended Plan of Liquidation, approved by the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division (the “Bankruptcy Court”), on June 19, 2003, the CFC Debtors and the Official Committee of Unsecured Creditors (the “Official Committee”), consisting primarily of holders of certificates issued by securitization trusts (including the Securitization Trusts), have agreed to establish a reserve in the amount of $5,000,000 for the benefit of the holders of the Certificates (the “Reserve Account”). Holders of Certificates are hereby provided notice of the Reserve Account.

The Reserve Account shall be established upon consummation of the Plan and shall be available to the HE/HI/REC Trusts and the Securitization Trustee to pay or reimburse holders of certificates in HE/HI/REC Trusts for the following claims to the extent such claims cause a monetary loss to holders of certificates in HE/HI/REC Trusts: (x) any claims that any HE/HI/REC Trust or the Securitization Trustee has against CFC or any affiliate thereof under a Servicing Contract for such HE/HI/REC Trusts or any other document related to the HE/HI/REC Trusts, (y) claims based on CFC’s failure to cure or repurchase any loan or contract for breaches of any representation or warranty in Servicing Contract for HE/HI/REC Trusts (respecting document exceptions or otherwise) or (z) any failure of CFC or any affiliate thereof to properly originate or service any loan or contract.

PLEASE BE ADVISED that a Hearing approving the Reserve Account will be held before the Honorable Judge Carol A. Doyle in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, 219 South Dearborn Street, Chicago, Illinois at 11:00 A.M. on August 27, 2003. Objections to the Reserve Account must be filed with the Clerk of the Bankruptcy Court on or before August 25, 2003. Any Objection shall also be served (by hand or first class mail, postage prepaid) upon (a) James E. Spiotto, Esq. Chapman and Cutler LLP, 111 West Monroe Street, Chicago, Illinois 60603, (b) Anup Sathy, Esq., Kirkland & Ellis, 200 E. Randolph Drive, Chicago, Illinois 60611, and (c) Nancy Mitchell, Esq., Greenberg Traurig, 77 W. Wacker Drive, Suite 2500, Chicago, Illinois 60601. Any objection shall contain (a) a written statement setting forth the Certificateholder’s name and address, certifying the principal amount of Certificates held, and stating any intention concerning appearing in person at the hearing and the name of legal counsel, if any, and (b) any affidavits or other paper which the objection intends to submit into evidence at the hearing, any brief containing any legal argument pertinent to the objection and a list of any witnesses such objector anticipates calling at the hearing.

Only persons who have timely filed and served objections to the proposed resolution and have otherwise complied with this Notice will be permitted to be heard at the Hearing. The failure to comply with these procedures will be deemed a waiver of all rights and interests which a Certificateholder may have to object to the proposed Reserve Account.

Any questions you may have about the matters in this notice should not be directed to the Court but should be directed by telephone or in writing to:

James E. Spiotto, Esq.

Franklin H. Top, III

Chapman and Cutler LLP

111 West Monroe Street

Chicago, Illinois 60603

(312) 845-3000

This Notice is for informational purposes only. In no event shall this Notice be construed as a statement or recommendation by the Trustee or its officers, directors, agents, employees or
counsel. Certificateholders with questions about this notice may direct them via phone to Timothy Pillar at (651) 244 4721, or via mail at the above address.

U.S. Bank National Association as Securitization Trustee

Schedule A

U20865AC2 / 393505ZJ4 / 393505S29 / 393505G30 / 20847TBA8 / 20846QJL3 / 20846QCE6
U20865AA6 / 393505YX4 / 393505RZ7 / 393505EY4 / 20847TAZ4 / 20846QJK5 / 20846QCD8
U20860AA7 / 393505YW6 / 393505RY0 / 393505D58 / 20847TAY7 / 20846QJJ8 / 20846QCC0
393533DH4 / 393505YV8 / 393505RS3 / 393505D41 / 20847TAX9 / 20846QJH2 / 20846QCB2
393533DG6 / 393505YS5 / 393505RR5 / 393505D25 / 20847TAW1 / 20846QJG4 / 20846QCA4
393533DF8 / 393505YR7 / 393505RQ7 / 393505CZ3 / 20847TAV3 / 20846QJF6 / 20846QBX5
393533CX0 / 393505YL0 / 393505R95 / 393505C91 / 20847TAU5 / 20846QJE9 / 20846QBW7
393533CW2 / 393505YJ5 / 393505R87 / 393505C83 / 20847TAT8 / 20846QJD1 / 20846QBV9
393533CV4 / 393505YH9 / 393505R46 / 393505C42 / 20847TAR2 / 20846QHJ0 / 20846QBU1
393533CM4 / 393505YG1 / 393505R38 / 393505C26 / 20847TAQ4 / 20846QGZ5 / 20846QBE7
393533CL6 / 393505WV0 / 393505R20 / 393505B92 / 20847TAP6 / 20846QGY8 / 20846QBD9
393533CK8 / 393505WU2 / 393505QF2 / 393505B76 / 20847TAN1 / 20846QGX0 / 20846QBC1
393533CD4 / 393505WT5 / 393505QE5 / 393505B68 / 20847TAM3 / 20846QGW2 / 20846QBB3
393533CC6 / 393505WP3 / 393505QD7 / 3935059R5 / 20847TAL5 / 20846QGV4 / 20846QBA5
393533CB8 / 393505WN8 / 393505QC9 / 3935054C3 / 20847TAJ0 / 20846QGU6 / 20846QAZ1
393533CA0 / 393505WL2 / 393505Q96 / 3935054B5 / 20847TAH4 / 20846QGS1 / 20846QAY4
393533BY9 / 393505WK4 / 393505Q62 / 3935054A7 / 20847TAG6 / 20846QGR3 / 20846QAX6
393533BX1 / 393505WJ7 / 393505Q54 / 3935053Y6 / 20847TAE1 / 20846QGQ5 / 20846QAW8
393533BW3 / 393505WH1 / 393505Q39 / 3935053H3 / 20847TAD3 / 20846QGP7 / 20846QAV0
393533BV5 / 393505VP4 / 393505PX4 / 3935053G5 / 20847TAC5 / 20846QGN2 / 20846QAU2
393533BT0 / 393505VN9 / 393505PW6 / 3935053F7 / 20847TAB7 / 20846QGM4 / 20846QAS7
393533BS2 / 393505VM1 / 393505P89 / 3935053D2 / 20847KAP5 / 20846QGL6 / 20846QAR9
393533BR4 / 393505VL3 / 393505P71 / 3935053C4 / 20847KAN0 / 20846QGK8 / 20846QAK4
393533BQ6 / 393505VG4 / 393505NU2 / 3935053B6 / 20847KAM2 / 20846QGJ1 / 20846QAJ7
393533BP8 / 393505VE9 / 393505NT5 / 3935053A8 / 20847KAL4 / 20846QFJ2 / 20846QAH1
393533BM5 / 393505VD1 / 393505NS7 / 3935052W1 / 20847KAK6 / 20846QFH6 / 20846QAF5
393533BL7 / 393505VC3 / 393505NR9 / 3935052V3 / 20847KAJ9 / 20846QFG8 / 20846QAE9
393533BK9 / 393505V33 / 393505NL2 / 3935052U5 / 20847KAH3 / 20846QFF0 / 20846QAD0
393533BJ2 / 393505V25 / 393505NK4 / 3935052S0 / 20847KAF7 / 20846QFD5 / 20846QAB4
393533BG8 / 393505UN0 / 393505NJ7 / 3935052R2 / 20847KAE0 / 20846QFC7 / 20846QAA6
393533BF0 / 393505UL4 / 393505N24 / 3935052M3 / 20847KAD2 / 20846QFB9
393533BE3 / 393505UK6 / 393505M90 / 3935052L5 / 20847KAC4 / 20846QFA1
393533BD5 / 393505UJ9 / 393505M82 / 20847TBU4 / 20847KAB6 / 20846QEZ7
393533BB9 / 393505UH3 / 393505M66 / 20847TBT7 / 20847KAA8 / 20846QEY0
393533BA1 / 393505U91 / 393505M58 / 20847TBS9 / 20846QKQ0 / 20846QEX2
393533AZ7 / 393505U75 / 393505LP5 / 20847TBR1 / 20846QKP2 / 20846QEW4
393533AY0 / 393505U67 / 393505L83 / 20847TBQ3 / 20846QKN7 / 20846QEJ3
393533AR5 / 393505U26 / 393505L59 / 20847TBP5 / 20846QKM9 / 20846QDH8
393533AP9 / 393505TQ5 / 393505L42 / 20847TBN0 / 20846QKL1 / 20846QDG0
393533AN4 / 393505TP7 / 393505L34 / 20847TBM2 / 20846QKK3 / 20846QDF2
393533AM6 / 393505TN2 / 393505L26 / 20847TBL4 / 20846QKJ6 / 20846QDE5
393533AL8 / 393505TF9 / 393505KP6 / 20847TBK6 / 20846QKH0 / 20846QDD7
393511AE0 / 393505TD4 / 393505JB9 / 20847TBJ9 / 20846QKG2 / 20846QDA3
393511AD2 / 393505TC6 / 393505HA3 / 20847TBH3 / 20846QKF4 / 20846QCZ9
393511AC4 / 393505TB8 / 393505H54 / 20847TBG5 / 20846QKE7 / 20846QCY2
393511AB6 / 393505T93 / 393505H47 / 20847TBF7 / 20846QKD9 / 20846QCX4
393511AA8 / 393505SB9 / 393505H39 / 20847TBE0 / 20846QKC1 / 20846QCW6
393505ZR6 / 393505SA1 / 393505H21 / 20847TBD2 / 20846QKB3 / 20846QCH9
393505ZQ8 / 393505S45 / 393505G97 / 20847TBC4 / 20846QJN9 / 20846QCG1
393505ZN5 / 393505S37 / 393505G89 / 20847TBB6 / 20846QJM1 / 20846QCF3

[*] Trustee is not responsible for selection or use of CUSIP. It is included solely for holder convenience.