INDIANAPOLIS — Gary C. Wendt, chairman and chief executive of Conseco Inc., on Friday issued his 10th memo to investors about the company’s efforts to turn around from a two-year tailspin caused by trouble in its Conseco Finance Corp. unit.

In his latest letter, Mr. Wendt said he expects Conseco Finance’s pretax 2001 earnings to come in on the high end of its December projection of $350 million to $390 million. He added that the unit has raised its projection of the positive cash flow it will deliver to the parent company to a range of $300 million to $350 million.

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