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<PAGE> PAGE 9
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 16
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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008 A000801 TOUCHSTONE ADVISORS, INC.
008 B000801 A
008 C000801 801-45963
008 D010801 CINCINNATI
008 D020801 OH
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008 A000802 FORT WASHINGTON INVESTMENT ADVISORS, INC.
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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SIGNATURE KEVIN M. CONNERTY
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers
financial statements at June 30, 1998
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> 6-MOS
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<PERIOD-END> Jun-30-1998
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers
financial statements at June 30, 1998
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> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers
financial statements at June 30, 1998
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> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 14,418,678
<INVESTMENTS-AT-VALUE> 15,515,568
<RECEIVABLES> 196,100
<ASSETS-OTHER> 12,319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15,723,987
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60,371
<TOTAL-LIABILITIES> 60,371
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,827,740
<SHARES-COMMON-STOCK> 952,948
<SHARES-COMMON-PRIOR> 397,027
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3,091
<ACCUMULATED-NET-GAINS> 822,096
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,871
<NET-ASSETS> 15,663,616
<DIVIDEND-INCOME> 123,485
<INTEREST-INCOME> 6,027
<OTHER-INCOME> 0
<EXPENSES-NET> 60,518
<NET-INVESTMENT-INCOME> 68,994
<REALIZED-GAINS-CURRENT> 738,280
<APPREC-INCREASE-CURRENT> (371,038)
<NET-CHANGE-FROM-OPS> 436,236
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 74,251
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 590,878
<NUMBER-OF-SHARES-REDEEMED> 37,109
<SHARES-REINVESTED> 2,152
<NET-CHANGE-IN-ASSETS> 9,683,390
<ACCUMULATED-NII-PRIOR> 2,166
<ACCUMULATED-GAINS-PRIOR> 83,816
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 138,886
<AVERAGE-NET-ASSETS> 9,387,405
<PER-SHARE-NAV-BEGIN> 15.06
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 1.39
<PER-SHARE-DIVIDEND> 0.10
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.44
<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
financial statements at June 30, 1998
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> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 3,960,065
<INVESTMENTS-AT-VALUE> 4,310,837
<RECEIVABLES> 171,821
<ASSETS-OTHER> 12,319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,494,977
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,591
<TOTAL-LIABILITIES> 42,591
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,981,905
<SHARES-COMMON-STOCK> 336,238
<SHARES-COMMON-PRIOR> 267,075
<ACCUMULATED-NII-CURRENT> 14,467
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 119,272
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 336,742
<NET-ASSETS> 4,452,386
<DIVIDEND-INCOME> 16,664
<INTEREST-INCOME> 53,520
<OTHER-INCOME> 0
<EXPENSES-NET> 26,229
<NET-INVESTMENT-INCOME> 43,955
<REALIZED-GAINS-CURRENT> 89,013
<APPREC-INCREASE-CURRENT> 115,287
<NET-CHANGE-FROM-OPS> 248,255
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 31,994
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88,067
<NUMBER-OF-SHARES-REDEEMED> 20,023
<SHARES-REINVESTED> 1,119
<NET-CHANGE-IN-ASSETS> 1,136,621
<ACCUMULATED-NII-PRIOR> 2,506
<ACCUMULATED-GAINS-PRIOR> 30,260
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 84,716
<AVERAGE-NET-ASSETS> 3,917,943
<PER-SHARE-NAV-BEGIN> 12.42
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 0.79
<PER-SHARE-DIVIDEND> 0.10
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.24
<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
financial statements at June 30, 1998
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> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 11,340,941
<INVESTMENTS-AT-VALUE> 11,340,797
<RECEIVABLES> 292,706
<ASSETS-OTHER> 20,749
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,654,252
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 69,624
<TOTAL-LIABILITIES> 69,624
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,591,282
<SHARES-COMMON-STOCK> 1,161,935
<SHARES-COMMON-PRIOR> 862,865
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 8,416
<ACCUMULATED-NET-GAINS> 1,907
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (145)
<NET-ASSETS> 11,584,628
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 271,193
<OTHER-INCOME> 0
<EXPENSES-NET> 34,660
<NET-INVESTMENT-INCOME> 236,533
<REALIZED-GAINS-CURRENT> 4,239
<APPREC-INCREASE-CURRENT> (14)
<NET-CHANGE-FROM-OPS> 240,758
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 240,805
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 556,160
<NUMBER-OF-SHARES-REDEEMED> 280,147
<SHARES-REINVESTED> 23,057
<NET-CHANGE-IN-ASSETS> 2,981,697
<ACCUMULATED-NII-PRIOR> 4,343
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 3,836
<GROSS-ADVISORY-FEES> 11,553
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 110,181
<AVERAGE-NET-ASSETS> 9,319,170
<PER-SHARE-NAV-BEGIN> 9.97
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> 0.75
<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
financial statements at June 30, 1998
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> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 8,115,265
<INVESTMENTS-AT-VALUE> 7,424,299
<RECEIVABLES> 159,222
<ASSETS-OTHER> 12,319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,595,840
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 120,823
<TOTAL-LIABILITIES> 120,823
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,334,533
<SHARES-COMMON-STOCK> 789,805
<SHARES-COMMON-PRIOR> 709,018
<ACCUMULATED-NII-CURRENT> 39,972
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (151,391)
<ACCUM-APPREC-OR-DEPREC> (748,097)
<NET-ASSETS> 7,475,017
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 436,017
<OTHER-INCOME> 0
<EXPENSES-NET> 44,325
<NET-INVESTMENT-INCOME> 391,692
<REALIZED-GAINS-CURRENT> 83,940
<APPREC-INCREASE-CURRENT> (448,785)
<NET-CHANGE-FROM-OPS> 26,847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 357,373
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 208,257
<NUMBER-OF-SHARES-REDEEMED> 149,435
<SHARES-REINVESTED> 21,965
<NET-CHANGE-IN-ASSETS> 466,151
<ACCUMULATED-NII-PRIOR> 5,651
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 235,330
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 125,406
<AVERAGE-NET-ASSETS> 7,448,788
<PER-SHARE-NAV-BEGIN> 9.89
<PER-SHARE-NII> 0.51
<PER-SHARE-GAIN-APPREC> (0.47)
<PER-SHARE-DIVIDEND> 0.47
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.46
<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
financial statements at June 30, 1998
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> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 4,007,483
<INVESTMENTS-AT-VALUE> 4,137,525
<RECEIVABLES> 155,959
<ASSETS-OTHER> 12,319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,305,803
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39,041
<TOTAL-LIABILITIES> 39,041
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,182,147
<SHARES-COMMON-STOCK> 410,045
<SHARES-COMMON-PRIOR> 164,839
<ACCUMULATED-NII-CURRENT> 15,160
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 32,404
<ACCUM-APPREC-OR-DEPREC> 37,051
<NET-ASSETS> 4,266,762
<DIVIDEND-INCOME> 6,574
<INTEREST-INCOME> 79,322
<OTHER-INCOME> 0
<EXPENSES-NET> 11,508
<NET-INVESTMENT-INCOME> 74,388
<REALIZED-GAINS-CURRENT> 36,043
<APPREC-INCREASE-CURRENT> 5,239
<NET-CHANGE-FROM-OPS> 115,670
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 61,646
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 254,323
<NUMBER-OF-SHARES-REDEEMED> 13,383
<SHARES-REINVESTED> 4,266
<NET-CHANGE-IN-ASSETS> 2,582,140
<ACCUMULATED-NII-PRIOR> 1,097
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 2,317
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 66,852
<AVERAGE-NET-ASSETS> 2,578,600
<PER-SHARE-NAV-BEGIN> 10.22
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.16
<PER-SHARE-DIVIDEND> 0.24
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.41
<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
financial statements at June 30, 1998
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 9
<NAME> Touchstone Value Plus Fund A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 25,199,056
<INVESTMENTS-AT-VALUE> 24,937,702
<RECEIVABLES> 24,182
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24,961,884
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,018
<TOTAL-LIABILITIES> 30,018
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,254,219
<SHARES-COMMON-STOCK> 2,526,311
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 19,908
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (71,602)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (270,659)
<NET-ASSETS> 24,931,866
<DIVIDEND-INCOME> 53,703
<INTEREST-INCOME> 19,589
<OTHER-INCOME> 0
<EXPENSES-NET> 53,384
<NET-INVESTMENT-INCOME> 19,908
<REALIZED-GAINS-CURRENT> (71,602)
<APPREC-INCREASE-CURRENT> (270,659)
<NET-CHANGE-FROM-OPS> (322,353)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,526,311
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 24,931,866
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 85,777
<AVERAGE-NET-ASSETS> 24,565,575
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> (0.13)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.87
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
