SELECT ADVISORS TRUST A
NSAR-B, 1997-02-28
Previous: SMITH BARNEY TRAVELERS SERIES FUND INC, 497, 1997-02-28
Next: SELECT ADVISORS TRUST A, 485APOS, 1997-02-28



<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000919629
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 SELECT ADVISORS TRUST A
001 B000000 811-8380
001 C000000 6173306113
002 A000000 311 PIKE STREET
002 B000000 CINCINNATI
002 C000000 OH
002 D010000 45202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 TOUCHSTONE EMERGING GROWTH FUND A
007 C030100 N
007 C010200  2
007 C020200 TOUCHSTONE INTERNATIONAL EQUITY FUND A
007 C030200 N
007 C010300  3
007 C020300 TOUCHSTONE GROWTH & INCOME FUND A
007 C030300 N
007 C010400  4
007 C020400 TOUCHSTONE BALANCED FUND A
007 C030400 N
007 C010500  5
007 C020500 TOUCHSTONE INCOME OPPORTUNITY FUND A
007 C030500 N
007 C010600  6
007 C020600 TOUCHSTONE BOND FUND A
007 C030600 N
007 C010700  7
007 C020700 TOUCHSTONE MUNICIPAL BOND FUND A
007 C030700 N
007 C010800  8
007 C020800 TOUCHSTONE STANDBY INCOME FUND
007 C030800 N
007 C010900  9
007 C011000 10
010 A00AA01 INVESTORS BANK & TRUST COMPANY
010 B00AA01 801-43443
010 C01AA01 BOSTON
<PAGE>      PAGE  2
010 C02AA01 MA
010 C03AA01 02110
011 A00AA01 TOUCHSTONE SECURITIES, INC.
011 B00AA01 8-00000000
011 C01AA01 CINCINNATI
011 C02AA01 OH
011 C03AA01 45202
012 A00AA01 STATE STREET BANK & TRUST COMPANY
012 B00AA01 84-0000000
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02266
012 C04AA01 8518
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   29
019 C00AA00 TOUCHSTONE
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
022 C000001     22070
022 D000001      1437
022 A000002 FIRST NATIONAL BANK OF CHICAGO
022 C000002     13931
022 D000002       583
022 A000003 CITICORP SECURITIES
022 C000003      5403
022 D000003         0
022 A000004 MORGAN STANLEY & CO. INC.
022 C000004      3500
022 D000004       618
022 A000005 INCOME OPPORTUNITY PORTFOLIO
<PAGE>      PAGE  3
022 C000005      3252
022 D000005       587
022 A000006 CHASE SECURITIES INC.
022 C000006       850
022 D000006      2522
022 A000007 LEHMAN BROTHERS INC.
022 C000007       158
022 D000007      2727
022 A000008 GROWTH & INCOME PORTFOLIO
022 C000008      2031
022 D000008       263
022 A000009 FIFTH THIRD BANK
022 C000009       500
022 D000009      1476
022 A000010 BANC ONE CAPITAL CORPORATION
022 C000010      1475
022 D000010         0
023 C000000      63409
023 D000000      12671
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
034  00AA00 N
035  00AA00      0
036 B00AA00      0
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00      500
070 A01AA00 Y
<PAGE>      PAGE  4
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 Y
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 B000000 Y
078  000000 N
080 A00AA00 FIDELITY & DEPOSIT COMPANY OF MARYLAND
080 C00AA00     3000
081 B00AA00   3
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 N
085 B00AA00 N
086 A010000      0
086 A020000      0
<PAGE>      PAGE  5
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100        66
028 A020100         0
028 A030100         0
028 A040100      1221
028 B010100        78
028 B020100         0
028 B030100         0
028 B040100        35
028 C010100        43
028 C020100         0
028 C030100         0
028 C040100         3
028 D010100        53
028 D020100         0
028 D030100         0
028 D040100        10
028 E010100        77
028 E020100         0
028 E030100         0
028 E040100        20
028 F010100        53
028 F020100       210
028 F030100         0
028 F040100         6
028 G010100       370
028 G020100       210
028 G030100         0
028 G040100      1295
028 H000100       370
029  000100 Y
030 A000100      0
030 B000100  5.75
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
<PAGE>      PAGE  6
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100 100
043  000100      8
044  000100      0
045  000100 N
048  000100  0.000
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
<PAGE>      PAGE  7
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100        9
072 C000100       32
072 D000100        0
072 E000100        0
072 F000100        0
072 G000100        0
072 H000100        0
072 I000100       32
072 J000100        0
072 K000100        0
072 L000100       10
072 M000100        1
072 N000100       24
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       16
072 S000100        0
072 T000100        8
072 U000100       10
072 V000100        0
072 W000100       56
072 X000100      157
072 Y000100      112
072 Z000100       -4
072AA000100      213
072BB000100        0
072CC010100      138
072CC020100        0
072DD010100        4
072DD020100        0
072EE000100      267
073 A010100   0.0100
073 A020100   0.0000
073 B000100   1.1700
073 C000100   0.0000
074 A000100        0
<PAGE>      PAGE  8
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100     2855
074 J000100        0
074 K000100       10
074 L000100        3
074 M000100       27
074 N000100     2895
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       22
074 S000100        0
074 T000100     2873
074 U010100      249
074 U020100        0
074 V010100    11.55
074 V020100     0.00
074 W000100   0.0000
074 X000100      572
074 Y000100        0
075 A000100        0
075 B000100     2996
076  000100     0.00
028 A010200        54
028 A020200         0
028 A030200         0
028 A040200         7
028 B010200        65
028 B020200         0
028 B030200         0
028 B040200        25
028 C010200        33
028 C020200         0
028 C030200         0
028 C040200         3
028 D010200        33
028 D020200         0
028 D030200         0
028 D040200        15
028 E010200        58
028 E020200         0
028 E030200         0
<PAGE>      PAGE  9
028 E040200        13
028 F010200        33
028 F020200        20
028 F030200         0
028 F040200         3
028 G010200       276
028 G020200        20
028 G030200         0
028 G040200        66
028 H000200       276
029  000200 Y
030 A000200      0
030 B000200  5.75
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200 100
043  000200      8
044  000200      0
045  000200 N
048  000200  0.000
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
<PAGE>      PAGE  10
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
062 A000200 N
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.0
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200 12
072 B000200       10
072 C000200       52
072 D000200        0
072 E000200        0
072 F000200        0
072 G000200        0
072 H000200        0
072 I000200       30
072 J000200        0
072 K000200        0
072 L000200        9
072 M000200        1
072 N000200       24
072 O000200        0
072 P000200        0
<PAGE>      PAGE  11
072 Q000200        0
072 R000200       16
072 S000200        0
072 T000200        8
072 U000200       10
072 V000200        0
072 W000200       60
072 X000200      158
072 Y000200      109
072 Z000200       13
072AA000200       68
072BB000200        0
072CC010200      249
072CC020200        0
072DD010200       20
072DD020200        0
072EE000200        0
073 A010200   0.0600
073 A020200   0.0000
073 B000200   0.3100
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200     3432
074 J000200        0
074 K000200        8
074 L000200        2
074 M000200       27
074 N000200     3469
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       20
074 S000200        0
074 T000200     3449
074 U010200      324
074 U020200        0
074 V010200    10.63
074 V020200     0.00
074 W000200   0.0000
074 X000200      505
074 Y000200        0
<PAGE>      PAGE  12
075 A000200        0
075 B000200     3056
076  000200     0.00
028 A010300       275
028 A020300         0
028 A030300         0
028 A040300        20
028 B010300       158
028 B020300         2
028 B030300         0
028 B040300        31
028 C010300       154
028 C020300         2
028 C030300         0
028 C040300        17
028 D010300       274
028 D020300         2
028 D030300         0
028 D040300        23
028 E010300       109
028 E020300         2
028 E030300         0
028 E040300        18
028 F010300        95
028 F020300       290
028 F030300         0
028 F040300        75
028 G010300      1065
028 G020300       298
028 G030300         0
028 G040300       184
028 H000300      1065
029  000300 Y
030 A000300      0
030 B000300  5.75
030 C000300  0.00
031 A000300      0
031 B000300      0
032  000300      0
033  000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 Y
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300   0
042 E000300   0
042 F000300   0
<PAGE>      PAGE  13
042 G000300   0
042 H000300 100
043  000300      6
044  000300      0
045  000300 N
048  000300  0.000
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  0.0
066 A000300 N
067  000300 N
068 A000300 N
<PAGE>      PAGE  14
068 B000300 N
069  000300 N
071 A000300         0
071 B000300         0
071 C000300         0
071 D000300    0
072 A000300 12
072 B000300        6
072 C000300       43
072 D000300        0
072 E000300        0
072 F000300        0
072 G000300        0
072 H000300        0
072 I000300       34
072 J000300        0
072 K000300        0
072 L000300        9
072 M000300        1
072 N000300       21
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       14
072 S000300        0
072 T000300        6
072 U000300       10
072 V000300        0
072 W000300       34
072 X000300      129
072 Y000300       95
072 Z000300       15
072AA000300      315
072BB000300        0
072CC010300       69
072CC020300        0
072DD010300       21
072DD020300        0
072EE000300      292
073 A010300   0.1200
073 A020300   0.0000
073 B000300   1.2300
073 C000300   0.0000
074 A000300        0
074 B000300        0
074 C000300        0
074 D000300        0
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
<PAGE>      PAGE  15
074 I000300     3610
074 J000300        0
074 K000300        7
074 L000300       33
074 M000300       27
074 N000300     3677
074 O000300        0
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       18
074 S000300        0
074 T000300     3659
074 U010300      261
074 U020300        0
074 V010300    14.03
074 V020300     0.00
074 W000300   0.0000
074 X000300      735
074 Y000300        0
075 A000300        0
075 B000300     2611
076  000300     0.00
028 A010400        53
028 A020400        12
028 A030400         0
028 A040400        26
028 B010400        92
028 B020400         0
028 B030400         0
028 B040400        25
028 C010400        11
028 C020400         0
028 C030400         0
028 C040400         3
028 D010400        29
028 D020400        13
028 D030400         0
028 D040400       121
028 E010400        36
028 E020400         0
028 E030400         0
028 E040400         7
028 F010400        30
028 F020400        72
028 F030400         0
028 F040400        33
028 G010400       251
028 G020400        97
<PAGE>      PAGE  16
028 G030400         0
028 G040400       215
028 H000400       251
029  000400 Y
030 A000400      0
030 B000400  5.75
030 C000400  0.00
031 A000400      0
031 B000400      0
032  000400      0
033  000400      0
037  000400 N
038  000400      0
039  000400 N
040  000400 Y
041  000400 Y
042 A000400   0
042 B000400   0
042 C000400   0
042 D000400   0
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400 100
043  000400      4
044  000400      0
045  000400 N
048  000400  0.000
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
062 A000400 N
<PAGE>      PAGE  17
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.0
066 A000400 N
067  000400 Y
068 A000400 N
068 B000400 N
069  000400 N
071 A000400         0
071 B000400         0
071 C000400         0
071 D000400    0
072 A000400 12
072 B000400       48
072 C000400       16
072 D000400        0
072 E000400        0
072 F000400        0
072 G000400        0
072 H000400        0
072 I000400       29
072 J000400        0
072 K000400        0
072 L000400        7
072 M000400        1
072 N000400       24
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400       14
072 S000400        0
072 T000400        4
072 U000400       10
072 V000400        0
072 W000400       32
<PAGE>      PAGE  18
072 X000400      121
072 Y000400       97
072 Z000400       40
072AA000400       75
072BB000400        0
072CC010400      181
072CC020400        0
072DD010400       47
072DD020400        0
072EE000400       73
073 A010400   0.3000
073 A020400   0.0000
073 B000400   0.4500
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400     2072
074 J000400        0
074 K000400        4
074 L000400        0
074 M000400       27
074 N000400     2103
074 O000400        0
074 P000400        0
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       18
074 S000400        0
074 T000400     2085
074 U010400      167
074 U020400        0
074 V010400    12.48
074 V020400     0.00
074 W000400   0.0000
074 X000400      437
074 Y000400        0
075 A000400        0
075 B000400     1821
076  000400     0.00
028 A010500       236
028 A020500        16
028 A030500         0
028 A040500        64
<PAGE>      PAGE  19
028 B010500       235
028 B020500        17
028 B030500         0
028 B040500        27
028 C010500       299
028 C020500        20
028 C030500         0
028 C040500       185
028 D010500       186
028 D020500        24
028 D030500         0
028 D040500        40
028 E010500       616
028 E020500        28
028 E030500         0
028 E040500        28
028 F010500       514
028 F020500       168
028 F030500         0
028 F040500        62
028 G010500      2086
028 G020500       273
028 G030500         0
028 G040500       406
028 H000500      2086
029  000500 Y
030 A000500      0
030 B000500  4.75
030 C000500  0.00
031 A000500      0
031 B000500      0
032  000500      0
033  000500      0
037  000500 N
038  000500      0
039  000500 N
040  000500 Y
041  000500 Y
042 A000500   0
042 B000500   0
042 C000500   0
042 D000500   0
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500 100
043  000500      6
044  000500      0
045  000500 N
048  000500  0.000
048 A010500        0
<PAGE>      PAGE  20
048 A020500 0.000
048 B010500        0
048 B020500 0.000
048 C010500        0
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500  0.0
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
071 A000500         0
071 B000500         0
071 C000500         0
071 D000500    0
072 A000500 12
<PAGE>      PAGE  21
072 B000500      316
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500        0
072 G000500        0
072 H000500        0
072 I000500       31
072 J000500        0
072 K000500        0
072 L000500        7
072 M000500        1
072 N000500       24
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500       17
072 S000500        0
072 T000500        6
072 U000500       10
072 V000500        0
072 W000500       39
072 X000500      135
072 Y000500      105
072 Z000500      286
072AA000500      213
072BB000500        0
072CC010500      102
072CC020500        0
072DD010500      269
072DD020500        0
072EE000500      145
073 A010500   1.1200
073 A020500   0.0000
073 B000500   0.3100
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500     4532
074 J000500        0
074 K000500        7
074 L000500       32
074 M000500       27
074 N000500     4598
074 O000500        0
<PAGE>      PAGE  22
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       19
074 S000500        0
074 T000500     4579
074 U010500      420
074 U020500        0
074 V010500    10.90
074 V020500     0.00
074 W000500   0.0000
074 X000500      590
074 Y000500        0
075 A000500        0
075 B000500     2527
076  000500     0.00
028 A010600        56
028 A020600         3
028 A030600         0
028 A040600         5
028 B010600        72
028 B020600         4
028 B030600         0
028 B040600         6
028 C010600         6
028 C020600         4
028 C030600         0
028 C040600         3
028 D010600        23
028 D020600         4
028 D030600         0
028 D040600        49
028 E010600        22
028 E020600         4
028 E030600         0
028 E040600         4
028 F010600        46
028 F020600         5
028 F030600         0
028 F040600         3
028 G010600       225
028 G020600        24
028 G030600         0
028 G040600        70
028 H000600       225
029  000600 Y
030 A000600      0
030 B000600  4.75
030 C000600  0.00
<PAGE>      PAGE  23
031 A000600      0
031 B000600      0
032  000600      0
033  000600      0
037  000600 N
038  000600      0
039  000600 N
040  000600 Y
041  000600 Y
042 A000600   0
042 B000600   0
042 C000600   0
042 D000600   0
042 E000600   0
042 F000600   0
042 G000600   0
042 H000600 100
043  000600      3
044  000600      0
045  000600 N
048  000600  0.000
048 A010600        0
048 A020600 0.000
048 B010600        0
048 B020600 0.000
048 C010600        0
048 C020600 0.000
048 D010600        0
048 D020600 0.000
048 E010600        0
048 E020600 0.000
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600        0
048 K020600 0.000
062 A000600 N
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
<PAGE>      PAGE  24
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600   0
063 B000600  0.0
066 A000600 N
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
071 A000600         0
071 B000600         0
071 C000600         0
071 D000600    0
072 A000600 12
072 B000600       46
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600        0
072 G000600        0
072 H000600        0
072 I000600       26
072 J000600        0
072 K000600        0
072 L000600        6
072 M000600        0
072 N000600       21
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600       13
072 S000600        0
072 T000600        3
072 U000600       10
072 V000600        0
072 W000600        8
072 X000600       87
072 Y000600       81
072 Z000600       40
072AA000600        0
072BB000600        4
072CC010600        0
072CC020600       11
<PAGE>      PAGE  25
072DD010600       46
072DD020600        0
072EE000600        1
073 A010600   0.7000
073 A020600   0.0000
073 B000600   0.0200
073 C000600   0.0000
074 A000600        0
074 B000600        0
074 C000600        0
074 D000600        0
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600      810
074 J000600        0
074 K000600        0
074 L000600        0
074 M000600       27
074 N000600      837
074 O000600        0
074 P000600        1
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600       15
074 S000600        0
074 T000600      821
074 U010600       81
074 U020600        0
074 V010600    10.17
074 V020600     0.00
074 W000600   0.0000
074 X000600      306
074 Y000600        0
075 A000600        0
075 B000600      661
076  000600     0.00
028 A010700         0
028 A020700         4
028 A030700         0
028 A040700         0
028 B010700         0
028 B020700         4
028 B030700         0
028 B040700         0
028 C010700         0
028 C020700         4
028 C030700         0
<PAGE>      PAGE  26
028 C040700         0
028 D010700         0
028 D020700         4
028 D030700         0
028 D040700         0
028 E010700         0
028 E020700         4
028 E030700         0
028 E040700         0
028 F010700         1
028 F020700         2
028 F030700         0
028 F040700         0
028 G010700         1
028 G020700        22
028 G030700         0
028 G040700         0
028 H000700         1
029  000700 Y
030 A000700      0
030 B000700  4.75
030 C000700  0.00
031 A000700      0
031 B000700      0
032  000700      0
033  000700      0
037  000700 N
038  000700      0
039  000700 N
040  000700 Y
041  000700 Y
042 A000700   0
042 B000700   0
042 C000700   0
042 D000700   0
042 E000700   0
042 F000700   0
042 G000700   0
042 H000700 100
043  000700      4
044  000700      0
045  000700 N
048  000700  0.000
048 A010700        0
048 A020700 0.000
048 B010700        0
048 B020700 0.000
048 C010700        0
048 C020700 0.000
048 D010700        0
048 D020700 0.000
<PAGE>      PAGE  27
048 E010700        0
048 E020700 0.000
048 F010700        0
048 F020700 0.000
048 G010700        0
048 G020700 0.000
048 H010700        0
048 H020700 0.000
048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700        0
048 K020700 0.000
062 A000700 N
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700   0.0
062 N000700   0.0
062 O000700   0.0
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
063 A000700   0
063 B000700  0.0
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
071 A000700         0
071 B000700         0
071 C000700         0
071 D000700    0
072 A000700 12
072 B000700       74
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700        0
072 G000700        0
072 H000700        0
<PAGE>      PAGE  28
072 I000700       20
072 J000700        0
072 K000700        0
072 L000700        4
072 M000700        0
072 N000700       24
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700       11
072 S000700        0
072 T000700        4
072 U000700       10
072 V000700        0
072 W000700       24
072 X000700       97
072 Y000700       81
072 Z000700       58
072AA000700        6
072BB000700        0
072CC010700        0
072CC020700       17
072DD010700       62
072DD020700        0
072EE000700        1
073 A010700   0.4100
073 A020700   0.0000
073 B000700   0.0100
073 C000700   0.0000
074 A000700        0
074 B000700        0
074 C000700        0
074 D000700        0
074 E000700        0
074 F000700        0
074 G000700        0
074 H000700        0
074 I000700     1569
074 J000700        0
074 K000700        0
074 L000700        0
074 M000700       27
074 N000700     1596
074 O000700        0
074 P000700        2
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700       16
074 S000700        0
<PAGE>      PAGE  29
074 T000700     1578
074 U010700      156
074 U020700        0
074 V010700    10.09
074 V020700     0.00
074 W000700   0.0000
074 X000700       26
074 Y000700        0
075 A000700        0
075 B000700     1509
076  000700     0.00
008 A000801 TOUCHSTONE ADVISORS, INC.
008 B000801 A
008 C000801 801-000000
008 D010801 CINCINNATI
008 D020801 OH
008 D030801 45202
008 A000802 FORT WASHINGTON INVESTMENT ADVISORS, INC.
008 B000802 S
008 C000802 801-000000
008 D010802 CINCINNATI
008 D020802 OH
008 D030802 45202
028 A010800       311
028 A020800        24
028 A030800         0
028 A040800        31
028 B010800        41
028 B020800        27
028 B030800         0
028 B040800        23
028 C010800        58
028 C020800        26
028 C030800         0
028 C040800        28
028 D010800        33
028 D020800        26
028 D030800         0
028 D040800        21
028 E010800        45
028 E020800        27
028 E030800         0
028 E040800        96
028 F010800        40
028 F020800        32
028 F030800         0
028 F040800       100
028 G010800       528
028 G020800       162
028 G030800         0
028 G040800       299
<PAGE>      PAGE  30
028 H000800         0
029  000800 N
030 A000800      0
030 B000800  0.00
030 C000800  0.00
031 A000800      0
031 B000800      0
032  000800      0
033  000800      0
037  000800 N
038  000800      0
039  000800 N
040  000800 N
041  000800 N
042 A000800   0
042 B000800   0
042 C000800   0
042 D000800   0
042 E000800   0
042 F000800   0
042 G000800   0
042 H000800   0
043  000800      0
044  000800      0
045  000800 Y
046  000800 N
047  000800 Y
048  000800  0.250
048 A010800        0
048 A020800 0.000
048 B010800        0
048 B020800 0.000
048 C010800        0
048 C020800 0.000
048 D010800        0
048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800        0
048 K020800 0.000
049  000800 N
<PAGE>      PAGE  31
050  000800 N
051  000800 N
052  000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
054 A000800 Y
054 B000800 N
054 C000800 N
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 Y
054 H000800 Y
054 I000800 N
054 J000800 Y
054 K000800 N
054 L000800 N
054 M000800 Y
054 N000800 N
054 O000800 N
062 A000800 Y
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800  63.7
062 J000800   0.0
062 K000800   0.0
062 L000800   0.3
062 M000800   8.8
062 N000800   0.0
062 O000800   0.0
062 P000800  12.6
062 Q000800  14.6
062 R000800   0.0
063 A000800   0
063 B000800  2.5
064 A000800 N
064 B000800 N
066 A000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
071 A000800      6106
071 B000800       578
071 C000800      2857
<PAGE>      PAGE  32
071 D000800   20
072 A000800 12
072 B000800      348
072 C000800        0
072 D000800        0
072 E000800        0
072 F000800       16
072 G000800       24
072 H000800        0
072 I000800       43
072 J000800        7
072 K000800        0
072 L000800       13
072 M000800        2
072 N000800       25
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800       13
072 S000800        0
072 T000800        0
072 U000800       13
072 V000800        0
072 W000800       17
072 X000800      173
072 Y000800      126
072 Z000800      301
072AA000800        4
072BB000800        0
072CC010800        0
072CC020800       14
072DD010800      309
072DD020800        0
072EE000800        1
073 A010800   0.5000
073 A020800   0.0000
073 B000800   0.0000
073 C000800   0.0000
074 A000800        0
074 B000800        0
074 C000800     4109
074 D000800     2326
074 E000800        0
074 F000800        0
074 G000800        0
074 H000800        0
074 I000800        0
074 J000800        1
074 K000800        0
074 L000800       12
074 M000800       36
<PAGE>      PAGE  33
074 N000800     6483
074 O000800        0
074 P000800        6
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800       21
074 S000800        0
074 T000800     6456
074 U010800      647
074 U020800        0
074 V010800     9.98
074 V020800     0.00
074 W000800   0.0000
074 X000800      205
074 Y000800        0
075 A000800        0
075 B000800     6173
076  000800     0.00
SIGNATURE   KEVIN M. CONNERTY                            
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> Touchstone Emerging Growth Fund A
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                     2,385,650
<INVESTMENTS-AT-VALUE>                                    2,854,625
<RECEIVABLES>                                                12,984
<ASSETS-OTHER>                                               26,935
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                            2,894,544
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    21,287
<TOTAL-LIABILITIES>                                          21,287
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  2,492,187
<SHARES-COMMON-STOCK>                                       248,734
<SHARES-COMMON-PRIOR>                                       218,710
<ACCUMULATED-NII-CURRENT>                                         0
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                     (87,905)
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                    468,975
<NET-ASSETS>                                              2,873,257
<DIVIDEND-INCOME>                                            32,201
<INTEREST-INCOME>                                             9,207
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                               44,940
<NET-INVESTMENT-INCOME>                                      (3,532)
<REALIZED-GAINS-CURRENT>                                    213,424
<APPREC-INCREASE-CURRENT>                                   138,123
<NET-CHANGE-FROM-OPS>                                       348,015
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                     3,534
<DISTRIBUTIONS-OF-GAINS>                                    178,581
<DISTRIBUTIONS-OTHER>                                        88,437
<NUMBER-OF-SHARES-SOLD>                                     117,342
<NUMBER-OF-SHARES-REDEEMED>                                 105,541
<SHARES-REINVESTED>                                          18,223
<NET-CHANGE-IN-ASSETS>                                      353,224
<ACCUMULATED-NII-PRIOR>                                          85
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                      34,846
<OVERDIST-NET-GAINS-PRIOR>                                        0
<GROSS-ADVISORY-FEES>                                             0
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                             157,217
<AVERAGE-NET-ASSETS>                                      2,996,060
<PER-SHARE-NAV-BEGIN>                                         11.52
<PER-SHARE-NII>                                                0.01
<PER-SHARE-GAIN-APPREC>                                        1.20
<PER-SHARE-DIVIDEND>                                           0.01
<PER-SHARE-DISTRIBUTIONS>                                      1.17
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                           11.55
<EXPENSE-RATIO>                                                1.50
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 2
   <NAME> Touchstone International Equity Fund A
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                     DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                     3,046,205
<INVESTMENTS-AT-VALUE>                                    3,432,017
<RECEIVABLES>                                                 9,884
<ASSETS-OTHER>                                               26,935
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                            3,468,836
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    20,199
<TOTAL-LIABILITIES>                                          20,199
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  3,207,208
<SHARES-COMMON-STOCK>                                       324,402
<SHARES-COMMON-PRIOR>                                       273,107
<ACCUMULATED-NII-CURRENT>                                         0
<OVERDISTRIBUTION-NII>                                       (1,546)
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                    142,837
<ACCUM-APPREC-OR-DEPREC>                                    385,812
<NET-ASSETS>                                              3,448,637
<DIVIDEND-INCOME>                                            51,908
<INTEREST-INCOME>                                             9,684
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                               48,684
<NET-INVESTMENT-INCOME>                                      12,908
<REALIZED-GAINS-CURRENT>                                     68,388
<APPREC-INCREASE-CURRENT>                                   248,918
<NET-CHANGE-FROM-OPS>                                       330,214
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                    18,430
<DISTRIBUTIONS-OF-GAINS>                                          0
<DISTRIBUTIONS-OTHER>                                         1,433
<NUMBER-OF-SHARES-SOLD>                                      57,446
<NUMBER-OF-SHARES-REDEEMED>                                   8,018
<SHARES-REINVESTED>                                           1,867
<NET-CHANGE-IN-ASSETS>                                      831,653
<ACCUMULATED-NII-PRIOR>                                       2,525
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                  214,805
<GROSS-ADVISORY-FEES>                                             0
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                             157,647
<AVERAGE-NET-ASSETS>                                      3,056,153
<PER-SHARE-NAV-BEGIN>                                          9.58
<PER-SHARE-NII>                                                0.05
<PER-SHARE-GAIN-APPREC>                                        1.06
<PER-SHARE-DIVIDEND>                                           0.06
<PER-SHARE-DISTRIBUTIONS>                                      0.00
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                           10.63
<EXPENSE-RATIO>                                                1.60
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at  December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> Touchstone Growth & Income Fund A
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                     DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                     3,434,797
<INVESTMENTS-AT-VALUE>                                    3,610,405
<RECEIVABLES>                                                39,654
<ASSETS-OTHER>                                               26,935
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                            3,676,994
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    17,628
<TOTAL-LIABILITIES>                                          17,628
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  3,455,188
<SHARES-COMMON-STOCK>                                       260,854
<SHARES-COMMON-PRIOR>                                       114,121
<ACCUMULATED-NII-CURRENT>                                       777
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                      27,793
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                    175,608
<NET-ASSETS>                                              3,659,366
<DIVIDEND-INCOME>                                            42,679
<INTEREST-INCOME>                                             5,760
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                               33,944
<NET-INVESTMENT-INCOME>                                      14,495
<REALIZED-GAINS-CURRENT>                                    314,565
<APPREC-INCREASE-CURRENT>                                    69,117
<NET-CHANGE-FROM-OPS>                                       398,177
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                    20,854
<DISTRIBUTIONS-OF-GAINS>                                    292,380
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                     143,229
<NUMBER-OF-SHARES-REDEEMED>                                  17,984
<SHARES-REINVESTED>                                          21,488
<NET-CHANGE-IN-ASSETS>                                    2,159,330
<ACCUMULATED-NII-PRIOR>                                         154
<ACCUMULATED-GAINS-PRIOR>                                     5,608
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                        0
<GROSS-ADVISORY-FEES>                                             0
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                             129,326
<AVERAGE-NET-ASSETS>                                      2,611,028
<PER-SHARE-NAV-BEGIN>                                         13.14
<PER-SHARE-NII>                                                0.12
<PER-SHARE-GAIN-APPREC>                                        2.12
<PER-SHARE-DIVIDEND>                                           0.12
<PER-SHARE-DISTRIBUTIONS>                                      1.23
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                           14.03
<EXPENSE-RATIO>                                                1.30
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> Touchstone Balanced Fund A
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                     1,759,237        
<INVESTMENTS-AT-VALUE>                                    2,071,973
<RECEIVABLES>                                                 3,974
<ASSETS-OTHER>                                               26,935
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                            2,102,882
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    17,451
<TOTAL-LIABILITIES>                                          17,451
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  1,763,814
<SHARES-COMMON-STOCK>                                       167,150
<SHARES-COMMON-PRIOR>                                       132,400
<ACCUMULATED-NII-CURRENT>                                       402
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                       8,479
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                    312,736
<NET-ASSETS>                                              2,085,431
<DIVIDEND-INCOME>                                            16,162
<INTEREST-INCOME>                                            48,471
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                               24,583
<NET-INVESTMENT-INCOME>                                      40,050
<REALIZED-GAINS-CURRENT>                                     74,879
<APPREC-INCREASE-CURRENT>                                   180,857
<NET-CHANGE-FROM-OPS>                                       295,786
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                    46,692
<DISTRIBUTIONS-OF-GAINS>                                     72,596
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                      43,756
<NUMBER-OF-SHARES-REDEEMED>                                  18,586
<SHARES-REINVESTED>                                           9,580
<NET-CHANGE-IN-ASSETS>                                      583,491
<ACCUMULATED-NII-PRIOR>                                           0
<ACCUMULATED-GAINS-PRIOR>                                     6,195
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                        0
<GROSS-ADVISORY-FEES>                                             0
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                             121,200
<AVERAGE-NET-ASSETS>                                      1,821,016
<PER-SHARE-NAV-BEGIN>                                         11.34
<PER-SHARE-NII>                                                0.30
<PER-SHARE-GAIN-APPREC>                                        1.59
<PER-SHARE-DIVIDEND>                                           0.30
<PER-SHARE-DISTRIBUTIONS>                                      0.45
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                           12.48
<EXPENSE-RATIO>                                                1.35
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 5
   <NAME> Touchstone Income Opportunity Fund A
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                     4,372,509
<INVESTMENTS-AT-VALUE>                                    4,532,154
<RECEIVABLES>                                                39,258
<ASSETS-OTHER>                                               26,935
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                            4,598,347
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    19,267
<TOTAL-LIABILITIES>                                          19,267
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  4,397,914
<SHARES-COMMON-STOCK>                                       419,997
<SHARES-COMMON-PRIOR>                                       139,335
<ACCUMULATED-NII-CURRENT>                                         0
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                      21,521
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                    159,645
<NET-ASSETS>                                              4,579,080
<DIVIDEND-INCOME>                                           316,435
<INTEREST-INCOME>                                                 0
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                               30,329
<NET-INVESTMENT-INCOME>                                     286,106
<REALIZED-GAINS-CURRENT>                                    213,344
<APPREC-INCREASE-CURRENT>                                   102,483
<NET-CHANGE-FROM-OPS>                                       601,933
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                   268,997
<DISTRIBUTIONS-OF-GAINS>                                    144,529
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                     302,698
<NUMBER-OF-SHARES-REDEEMED>                                  55,165
<SHARES-REINVESTED>                                          33,129
<NET-CHANGE-IN-ASSETS>                                    3,209,683
<ACCUMULATED-NII-PRIOR>                                           0
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                         380
<OVERDIST-NET-GAINS-PRIOR>                                   47,294
<GROSS-ADVISORY-FEES>                                             0
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                             134,644
<AVERAGE-NET-ASSETS>                                      2,527,422
<PER-SHARE-NAV-BEGIN>                                          9.83
<PER-SHARE-NII>                                                1.12
<PER-SHARE-GAIN-APPREC>                                        1.38
<PER-SHARE-DIVIDEND>                                           1.12
<PER-SHARE-DISTRIBUTIONS>                                      0.31
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                           10.90
<EXPENSE-RATIO>                                                1.20
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 6
   <NAME> Touchstone Bond Fund A
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                       806,875
<INVESTMENTS-AT-VALUE>                                      810,367
<RECEIVABLES>                                                   105
<ASSETS-OTHER>                                               26,935
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                              837,407
<PAYABLE-FOR-SECURITIES>                                        816
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    15,739
<TOTAL-LIABILITIES>                                          16,555
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                    820,298
<SHARES-COMMON-STOCK>                                        80,730
<SHARES-COMMON-PRIOR>                                        49,238
<ACCUMULATED-NII-CURRENT>                                     1,362
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                      4,299
<ACCUM-APPREC-OR-DEPREC>                                      3,492
<NET-ASSETS>                                                820,853
<DIVIDEND-INCOME>                                                 0
<INTEREST-INCOME>                                            45,794
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                                5,948
<NET-INVESTMENT-INCOME>                                      39,846
<REALIZED-GAINS-CURRENT>                                     (4,117)
<APPREC-INCREASE-CURRENT>                                   (11,119)
<NET-CHANGE-FROM-OPS>                                        24,610
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                    45,753
<DISTRIBUTIONS-OF-GAINS>                                      1,318
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                      37,352
<NUMBER-OF-SHARES-REDEEMED>                                  10,139
<SHARES-REINVESTED>                                           4,279
<NET-CHANGE-IN-ASSETS>                                      298,233
<ACCUMULATED-NII-PRIOR>                                         105
<ACCUMULATED-GAINS-PRIOR>                                     1,318
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                        0
<GROSS-ADVISORY-FEES>                                             0
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                              86,833
<AVERAGE-NET-ASSETS>                                        660,851
<PER-SHARE-NAV-BEGIN>                                         10.61
<PER-SHARE-NII>                                                0.71
<PER-SHARE-GAIN-APPREC>                                       (0.43)
<PER-SHARE-DIVIDEND>                                           0.70
<PER-SHARE-DISTRIBUTIONS>                                      0.02
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                           10.17
<EXPENSE-RATIO>                                                0.90
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 7
   <NAME> Touchstone Muni Bond Fund A
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                     1,549,178
<INVESTMENTS-AT-VALUE>                                    1,568,766
<RECEIVABLES>                                                    28
<ASSETS-OTHER>                                               26,935
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                            1,595,729
<PAYABLE-FOR-SECURITIES>                                      2,364
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    15,729
<TOTAL-LIABILITIES>                                          18,093
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  1,552,023
<SHARES-COMMON-STOCK>                                       156,344
<SHARES-COMMON-PRIOR>                                       132,426
<ACCUMULATED-NII-CURRENT>                                     3,181
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                       2,844
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                     19,588
<NET-ASSETS>                                              1,577,636
<DIVIDEND-INCOME>                                                 0
<INTEREST-INCOME>                                            74,235
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                               15,843
<NET-INVESTMENT-INCOME>                                      58,392
<REALIZED-GAINS-CURRENT>                                      5,674
<APPREC-INCREASE-CURRENT>                                   (16,648)
<NET-CHANGE-FROM-OPS>                                        47,418
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                    62,091
<DISTRIBUTIONS-OF-GAINS>                                        828
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                      19,639
<NUMBER-OF-SHARES-REDEEMED>                                     389
<SHARES-REINVESTED>                                           4,668
<NET-CHANGE-IN-ASSETS>                                      226,457
<ACCUMULATED-NII-PRIOR>                                           0
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                         191
<OVERDIST-NET-GAINS-PRIOR>                                    2,002
<GROSS-ADVISORY-FEES>                                             0
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                              97,309
<AVERAGE-NET-ASSETS>                                      1,508,872
<PER-SHARE-NAV-BEGIN>                                         10.20
<PER-SHARE-NII>                                                0.43
<PER-SHARE-GAIN-APPREC>                                       (0.12)
<PER-SHARE-DIVIDEND>                                           0.41
<PER-SHARE-DISTRIBUTIONS>                                      0.01
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                           10.09
<EXPENSE-RATIO>                                                1.05
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust A
financial statements at December 31, 1996
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 8
   <NAME> Touchstone Standby Income Fund
       
<S>                                                   <C>
<PERIOD-TYPE>                                             12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-END>                                            DEC-31-1996
<INVESTMENTS-AT-COST>                                     6,434,422
<INVESTMENTS-AT-VALUE>                                    6,434,790
<RECEIVABLES>                                                12,816
<ASSETS-OTHER>                                                    0
<OTHER-ITEMS-ASSETS>                                         35,690
<TOTAL-ASSETS>                                            6,483,296
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    27,641
<TOTAL-LIABILITIES>                                          27,641
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  6,453,052
<SHARES-COMMON-STOCK>                                       646,782
<SHARES-COMMON-PRIOR>                                       590,301
<ACCUMULATED-NII-CURRENT>                                     2,838
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                        603
<ACCUM-APPREC-OR-DEPREC>                                        368
<NET-ASSETS>                                              6,455,655
<DIVIDEND-INCOME>                                                 0
<INTEREST-INCOME>                                           348,065
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                               46,283
<NET-INVESTMENT-INCOME>                                     301,782
<REALIZED-GAINS-CURRENT>                                      4,350
<APPREC-INCREASE-CURRENT>                                   (14,207)
<NET-CHANGE-FROM-OPS>                                       291,925
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                   309,188
<DISTRIBUTIONS-OF-GAINS>                                      1,159
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                      78,751
<NUMBER-OF-SHARES-REDEEMED>                                  53,105
<SHARES-REINVESTED>                                          30,835
<NET-CHANGE-IN-ASSETS>                                      545,804
<ACCUMULATED-NII-PRIOR>                                       2,244
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                   14,575
<GROSS-ADVISORY-FEES>                                        15,674
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                             173,041
<AVERAGE-NET-ASSETS>                                      6,172,502
<PER-SHARE-NAV-BEGIN>                                         10.01
<PER-SHARE-NII>                                                0.46
<PER-SHARE-GAIN-APPREC>                                        0.01
<PER-SHARE-DIVIDEND>                                           0.50
<PER-SHARE-DISTRIBUTIONS>                                      0.00
<RETURNS-OF-CAPITAL>                                           0.00
<PER-SHARE-NAV-END>                                            9.98
<EXPENSE-RATIO>                                                0.75
<AVG-DEBT-OUTSTANDING>                                            0
<AVG-DEBT-PER-SHARE>                                           0.00
        

</TABLE>







                        REPORT OF INDEPENDENT ACCOUNTANTS


To the Investors and Trustees of
Select Advisors Trust A:

In  planning  and  performing   our  audit  of  the  financial   statements  and
supplementary  data of Select  Advisors  Trust A (the  "Trust")  (consisting  of
Emerging  Growth Fund A,  Touchstone  International  Equity  Fund A,  Touchstone
Growth  &  Income  Fund  A,  Touchstone   Balanced  Fund  A,  Touchstone  Income
Opportunity Fund A, Touchstone Bond Fund A, Touchstone Municipal Bond Fund A and
Touchstone  Standby  Income  Fund) for the year  ended  December  31,  1996,  we
considered its internal control structure, including procedures for safeguarding
securities,  in order to determine  our auditing  procedures  for the purpose of
expressing our opinion on the financial  statements and financial highlights and
to comply with the requirements of Form N-SAR,  not to provide  assurance on the
internal control structure.

The management of the Trust is responsible for  establishing  and maintaining an
internal control  structure.  In fulfilling this  responsibility,  estimates and
judgments by management are required to assess the expected benefits and related
costs  of  internal  control  structure  policies  and  procedures.  Two  of the
objectives  of an internal  control  structure  are to provide  management  with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from  unauthorized  use or  disposition  and that  transactions  are executed in
accordance  with  management's  authorization  and  recorded  properly to permit
preparation  of financial  statements  in  conformity  with  generally  accepted
accounting principles.

Because of inherent  limitations in any internal  control  structure,  errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the  structure  to future  periods  is subject to the risk that it may become
inadequate  because of changes in  conditions or that the  effectiveness  of the
design and operation may deteriorate.

Our  consideration  of the  internal  control  structure  would not  necessarily
disclose all matters in the internal  control  structure  that might be material
weaknesses  under standards  established by the American  Institute of Certified
Public  Accountants.  A material  weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively  low level the risk that errors or  irregularities  in amounts that
would  be  material  in  relation  to the  financial  statements  and  financial
highlights being audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned functions.  However,
we  noted  no  matters  involving  the  internal  control  structure,  including
procedures  for  safeguarding  securities,  that  we  consider  to  be  material
weaknesses,  as defined above,  as of December 31, 1996. This report is intended
solely for the information and use of management of the Trust and the Securities
and Exchange Commission.





                                            /S/      Coopers & Lybrand L.L.P.



Boston, Massachusetts
February 20, 1997





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission