SELECT ADVISORS TRUST A
Touchstone Emerging Growth Fund A, Touchstone International Equity Fund A
Touchstone Bond Fund A, Touchstone Growth & Income Fund A
Touchstone Income Opportunity Fund A, Touchstone Balanced Fund A
Touchstone Standby Income Fund and
Touchstone Municipal Bond Fund A (the "Funds")
Supplement to the Prospectus dated May 1, 1996
Only for Residents of the State of Arizona
Prospective Arizona investors should note that the Investment Advisor,
Touchstone Advisors, Inc., has no experience in managing mutual funds. The
day-to-day management of the Funds will be the responsibility of the Portfolio
Advisors. For more information about the experience of each Portfolio Advisor
see "Advisor and Portfolio Advisors" in the Prospectus.
Supplement dated May 1, 1996
IFS0059A
Form 7060-9605
<PAGE>
SELECT ADVISORS TRUST A
Touchstone Emerging Growth Fund A, Touchstone International Equity Fund A
Touchstone Bond Fund A, Touchstone Growth & Income Fund A
Touchstone Income Opportunity Fund A, Touchstone Balanced Fund A
Touchstone Standby Income Fund and
Touchstone Municipal Bond Fund A (the "Funds")
Supplement to the Prospectus dated May 1, 1996
Only for Residents of the State of Wisconsin
The following is inserted after the last paragraph on the cover page of the
Prospectus:
Each of the Funds may be permitted to engage in short-term trading and invest up
to 10% of its total assets in illiquid investments. These activities could be
considered speculative and could result in greater risk or cost to the Fund.
Supplement dated May 1, 1996
IFS0059A
Form 7057-9605
