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;

         * Wu thereafter  tipped  Xian  and Sang about the Conseco-Transport
         transaction;

         * From September 18 to September  23,  1996,  Xian  used all of her
         available cash to purchase a
            total of 700 shares of Transport common stock;

         *  On September 20, 1996, Sang purchased 500 shares of  Transport's
         common stock;

         * After  the  public  announcement on September 26, 1996,  Xian and
         Sang each sold their    Transport  shares, and as a result of their
         insider trading, made $14,389 and $10,046.50   respectively.

         Simultaneously with the filing of the  Commission's  Complaint, Wu,
         Xian, and Sang, without admitting or denying the allegations in the
         Complaint,  consented  to the entry of orders enjoining  them  from
         violating Section 10(b)  of the Securities Exchange Act of 1934 and
         Rule 10b-5 thereunder, and  requiring  them  to pay civil penalties
         pursuant  to  the  Insider  Trading  Sanctions  Act   of   1984  of
         $24,435.50,  $14,389,  and  $10,046.50  respectively. Xian and Sang
         also consented to the entry of orders requiring  them  to  disgorge
         their illegal trading profits with prejudgment interest.

         The Commission's investigation into trading in Transport stock is
         continuing.