SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C.

         LITIGATION  Release No. 15697   / April 7, 1998


         Securities and Exchange Commission v. Guoping Wu,  Jing Xian, and
         Ding Sang, 3-98 CV 0862-P (N.D.Tex.)

         The  Securities  and  Exchange  Commission  ("Commission")  filed
a
         Complaint  today  in  the  United  States  District  Court  for
the
         Northern  District  of  Texas  against  three  defendants
alleging
         insider  trading  in  the  securities  of  Texas  insurer
Transport
         Holdings,  Inc. ("Transport") prior to the September,  1996
public
         announcement  that  it  would  be acquired by Carmel, Indiana
based
         insurer Conseco, Inc ("Conseco").   The  defendants are Guoping
Wu,
         also known as Daniel Wu, 36, of Sunnyvale,  California,  his
former
         wife, Jing Xian, also known as Jean Xian, 32, of Richardson,
Texas,
         and  his  friend,  Ding  Sang,  also  known as Daphne Sang, 33,
of
         Redwood City, California. The Commission's  Complaint  alleges
the
         following:

         *  Wu  worked  for  Milliman & Robertson ("Milliman"), an
actuarial
         firm that was a consultant to
             Transport;

         *  On September 10, 1996,  after  negotiations  with  Conseco
were
         underway,  Transport  engaged    Milliman  to  perform  services
in
         connection with the acquisition;

         *  On  September 13, 1996, in the course of his duties at
Milliman,
         Wu was informed in confidence
            of details of the proposed Conseco-Transport transaction;