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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 16
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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008 A000501 TOUCHSTONE ADVISORS, INC.
008 B000501 A
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008 D020501 OH
008 D030501 45202
008 A000502 FORT WASHINGTON INVESTMENT ADVISORS, INC.
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015 A000501 INVESTORS BANK & TRUST COMPANY
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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064 B000500 N
066 A000500 N
067 000500 N
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070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
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070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
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070 K020500 N
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070 L020500 N
070 M010500 Y
070 M020500 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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008 A000601 TOUCHSTONE ADVISORS, INC
008 B000601 A
008 C000601 801-45963
008 D010601 CINCINNATI
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008 A000602 FORT WASHINGTON INVESTMENT ADVISORS, INC
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008 D010602 CINCINNATI
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008 D030602 45202
015 A000601 INVESTORS BANK & TRUST COMPANY
015 B000601 C
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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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<PAGE> PAGE 30
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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 Variable Insuran
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 Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 23,233,335
<INVESTMENTS-AT-VALUE> 25,960,094
<RECEIVABLES> 501,505
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4,188,739
<TOTAL-ASSETS> 30,650,338
<PAYABLE-FOR-SECURITIES> 1,720,211
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 93,094
<TOTAL-LIABILITIES> 1,813,305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24,613,269
<SHARES-COMMON-STOCK> 1,771,259
<SHARES-COMMON-PRIOR> 1,260,959
<ACCUMULATED-NII-CURRENT> 25,636
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,471,370
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,726,758
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<DIVIDEND-INCOME> 87,229
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<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> 22,418
<REALIZED-GAINS-CURRENT> 1,263,075
<APPREC-INCREASE-CURRENT> (92,915)
<NET-CHANGE-FROM-OPS> 1,192,578
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 583,159
<NUMBER-OF-SHARES-REDEEMED> 72,859
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,420,083
<ACCUMULATED-NII-PRIOR> 3,217
<ACCUMULATED-GAINS-PRIOR> 208,293
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 188,412
<AVERAGE-NET-ASSETS> 24,014,622
<PER-SHARE-NAV-BEGIN> 15.40
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.87
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.28
<EXPENSE-RATIO> 1.15
<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 Variable Insuran
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 Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 24,234,023
<INVESTMENTS-AT-VALUE> 30,064,636
<RECEIVABLES> 532,099
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3,870,159
<TOTAL-ASSETS> 34,466,894
<PAYABLE-FOR-SECURITIES> 2,222,359
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,500
<TOTAL-LIABILITIES> 2,264,859
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,610,460
<SHARES-COMMON-STOCK> 2,170,628
<SHARES-COMMON-PRIOR> 1,640,973
<ACCUMULATED-NII-CURRENT> 208,480
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 549,242
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,833,853
<NET-ASSETS> 32,202,035
<DIVIDEND-INCOME> 285,499
<INTEREST-INCOME> 51,194
<OTHER-INCOME> 0
<EXPENSES-NET> 158,690
<NET-INVESTMENT-INCOME> 178,003
<REALIZED-GAINS-CURRENT> 577,882
<APPREC-INCREASE-CURRENT> 4,418,063
<NET-CHANGE-FROM-OPS> 5,173,948
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 565,036
<NUMBER-OF-SHARES-REDEEMED> 35,381
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,499,304
<ACCUMULATED-NII-PRIOR> (56,246)
<ACCUMULATED-GAINS-PRIOR> 58,471
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 120,604
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 270,833
<AVERAGE-NET-ASSETS> 25,599,985
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.84
<EXPENSE-RATIO> 1.15
<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 Variable Insuran
financial statements at June 30, 1998
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Touchstone Balanced Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 32,700,799
<INVESTMENTS-AT-VALUE> 34,859,991
<RECEIVABLES> 446,888
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 913,615
<TOTAL-ASSETS> 36,220,494
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 260,117
<TOTAL-LIABILITIES> 260,117
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33,029,648
<SHARES-COMMON-STOCK> 2,417,751
<SHARES-COMMON-PRIOR> 1,592,899
<ACCUMULATED-NII-CURRENT> 47,096
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 658,322
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,225,311
<NET-ASSETS> 35,960,377
<DIVIDEND-INCOME> 119,632
<INTEREST-INCOME> 415,609
<OTHER-INCOME> 0
<EXPENSES-NET> 130,634
<NET-INVESTMENT-INCOME> 404,607
<REALIZED-GAINS-CURRENT> 489,997
<APPREC-INCREASE-CURRENT> 1,023,108
<NET-CHANGE-FROM-OPS> 1,917,712
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 352,041
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 862,220
<NUMBER-OF-SHARES-REDEEMED> 48,064
<SHARES-REINVESTED> 10,696
<NET-CHANGE-IN-ASSETS> 13,673,310
<ACCUMULATED-NII-PRIOR> 14,838
<ACCUMULATED-GAINS-PRIOR> 148,018
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 116,119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214,942
<AVERAGE-NET-ASSETS> 29,268,971
<PER-SHARE-NAV-BEGIN> 13.99
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 0.87
<PER-SHARE-DIVIDEND> 0.16
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.87
<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 Variable Insuran
financial statements at June 30, 1998
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> Touchstone Income Opportunity Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 37,669,829
<INVESTMENTS-AT-VALUE> 35,605,070
<RECEIVABLES> 1,193,106
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,152,209
<TOTAL-ASSETS> 37,950,385
<PAYABLE-FOR-SECURITIES> 450,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 435,972
<TOTAL-LIABILITIES> 885,972
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,182,450
<SHARES-COMMON-STOCK> 3,475,446
<SHARES-COMMON-PRIOR> 2,439,073
<ACCUMULATED-NII-CURRENT> 212,031
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (265,073)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,064,995)
<NET-ASSETS> 37,064,413
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,771,552
<OTHER-INCOME> 0
<EXPENSES-NET> 137,003
<NET-INVESTMENT-INCOME> 1,634,549
<REALIZED-GAINS-CURRENT> 258,024
<APPREC-INCREASE-CURRENT> (1,835,019)
<NET-CHANGE-FROM-OPS> 57,554
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,449,017
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,030,466
<NUMBER-OF-SHARES-REDEEMED> 93,059
<SHARES-REINVESTED> 98,966
<NET-CHANGE-IN-ASSETS> 10,185,002
<ACCUMULATED-NII-PRIOR> 543
<ACCUMULATED-GAINS-PRIOR> (484,024)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 104,768
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 205,888
<AVERAGE-NET-ASSETS> 32,501,789
<PER-SHARE-NAV-BEGIN> 11.02
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> (0.42)
<PER-SHARE-DIVIDEND> 0.48
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.66
<EXPENSE-RATIO> 0.85
<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 Variable Insuran
financial statements at June 30, 1998
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> Touchstone Standby Income Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 21,607,925
<INVESTMENTS-AT-VALUE> 21,607,755
<RECEIVABLES> 177,162
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 101,243
<TOTAL-ASSETS> 21,886,160
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 124,451
<TOTAL-LIABILITIES> 124,451
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21,774,652
<SHARES-COMMON-STOCK> 2,175,731
<SHARES-COMMON-PRIOR> 1,755,724
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,773)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (169)
<NET-ASSETS> 21,761,710
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 568,623
<OTHER-INCOME> 0
<EXPENSES-NET> 48,176
<NET-INVESTMENT-INCOME> 520,447
<REALIZED-GAINS-CURRENT> (3,214)
<APPREC-INCREASE-CURRENT> 33
<NET-CHANGE-FROM-OPS> 517,266
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 520,447
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 986,200
<NUMBER-OF-SHARES-REDEEMED> 616,877
<SHARES-REINVESTED> 50,684
<NET-CHANGE-IN-ASSETS> 4,199,508
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 24,088
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 112,282
<AVERAGE-NET-ASSETS> 19,429,392
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.27
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> 0.50
<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 Variable Insuran
financial statements at June 30, 1998
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> Touchstone Value Plus Portfolio
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Jun-30-1998
<INVESTMENTS-AT-COST> 1,654,336
<INVESTMENTS-AT-VALUE> 1,659,353
<RECEIVABLES> 24,055
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 122,311
<TOTAL-ASSETS> 1,805,719
<PAYABLE-FOR-SECURITIES> 7,081
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (943)
<TOTAL-LIABILITIES> 6,138
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,794,141
<SHARES-COMMON-STOCK> 182,947
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,572
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,149)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,017
<NET-ASSETS> 1,799,581
<DIVIDEND-INCOME> 1,814
<INTEREST-INCOME> 1,533
<OTHER-INCOME> 0
<EXPENSES-NET> 1,775
<NET-INVESTMENT-INCOME> 1,572
<REALIZED-GAINS-CURRENT> (1,149)
<APPREC-INCREASE-CURRENT> 5,017
<NET-CHANGE-FROM-OPS> 5,440
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 182,977
<NUMBER-OF-SHARES-REDEEMED> 30
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,799,581
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,158
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,178
<AVERAGE-NET-ASSETS> 923,513
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (0.17)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.84
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
TOUCHSTONE FUNDS
Transactions Pursuant to Rule 10f-3 of ICA
Touchstone Variable Insurance Trust
Income Opportunity Portfolio
Name of Issuer: Doe Run Resources
Name of Security: Doe Run Resources 11.25%
due 3/15/05, cusip#256582AA5
- -----------------
Years of Issuers Operations: 25 years
Date of Purchase: 03/06/98
Number of Units Purchased: 500,000
Price Per Unit: $100.00
Total Price Paid: $500,000.00
Portfolio Assets on Trade Date: $30,394,184
% Gross Underwriting Spread: 2.5%
Underwriting Type: Firm
Total Offering: 200,000,000
25% of Offering: 50,000,000 Par value
3% of Total Assets: $911,825.52
Underwriter from whom Portfolio purchased: Donaldson, Lufkin & Jenrette
Securities Corporation
BT Alex. Brown
UBS Securities
Broker from whom Portfolio purchased: Bankers Trust
TOUCHSTONE FUNDS
Transactions Pursuant to Rule 10f-3 of ICA
Touchstone Variable Insurance Trust
Income Opportunity Portfolio
Name of Issuer: Metals USA
Name of Security: Metals USA 8.625% due 2/15/08,
cusip#591324AA6
- -----------------
Years of Issuers Operations: 40 years
Date of Purchase: 02/06/98
Number of Units Purchased: 300,000
Price Per Unit: $100.00
Total Price Paid: $300,000.00
Portfolio Assets on Trade Date: $26,934,230
% Gross Underwriting Spread: 2%
Underwriting Type: Firm
Total Offering: 200,000,000
25% of Offering: 50,000,000 Par value
3% of Total Assets: $808,026.90
Underwriter: Donaldson, Lufkin &
Jenrette Securities Corporation
BT Alex. Brown
Bear, Stearns & Co, Inc
NationsBanc Montgomery
Securities LLC
Broker from whom Portfolio purchased: Bankers Trust
TOUCHSTONE FUNDS
Transactions Pursuant to Rule 10f-3 of ICA
Touchstone Variable Insurance Trust
Income Opportunity Portfolio
Name of Issuer: United International
Holdings
Name of Security: United International Holdings 0 %
to 2/15/03,
- -----------------
10.75% to the maturity of 02/15/08
Years of Issuers Operations: 9
Date of Purchase: 01/30/98
Number of Units Purchased: 1,200,000
Price Per Unit: $59.069
Total Price Paid: $708,828
Portfolio Assets on Trade Date: $26,079,222
% Gross Underwriting Spread: 2.25%
Underwriting Type: Firm
Total Offering: 1,375,000,000
25% of Offering: 343,750,000 Par value
3% of Total Assets: $782,376.66
Underwriter: Donaldson, Lufkin &
Jenrette Securities Corporation
Merrill Lynch & Co
Morgan Stanley Dean
Witter
TD Securities
Broker from whom Portfolio purchased: Merrill Lynch
TOUCHSTONE FUNDS
Transactions Pursuant to Rule 10f-3 of ICA
Touchstone Variable Insurance Trust
Income Opportunity Portfolio
Name of Issuer: Trans-Resources, Inc
Name of Security: Trans-Resources, Inc 10.75%, due
3/15/08,
cusip#893320AE1
Years of Issuers Operations: 12 years
Date of Purchase: 03/11/98
Number of Units Purchased: 500,000
Price Per Unit: $100.00
Total Price Paid: $500,000
Portfolio Assets on Trade Date: $32,736,000
% Gross Underwriting Spread: 2.788%
Underwriting Type: Firm
Total Offering: 100,000,000
25% of Offering: 25,000,000 Par value
3% of Total Assets: $982,080
Underwriter: Donaldson, Lufkin &
Jenrette Securities Corporation
Chase Securities Inc
Broker from whom Portfolio purchased: Chase Securities
TOUCHSTONE FUNDS
Transactions Pursuant to Rule 10f-3 of ICA
Touchstone Variable Insurance Trust
Income Opportunity Portfolio
Name of Issuer: Regal Cinemas
Name of Security: Regal Cinemas 9.5% due 06/01/08,
cusip# 758754AC9
- -----------------
Years of Issuers Operations: 10 years
Date of Purchase: 05/21/98
Number of Units Purchased: 400,000
Price Per Unit: $100.00
Total Price Paid: $400,000.00
Portfolio Assets on Trade Date: $35,421,910
% Gross Underwriting Spread: 2.5%
Underwriting Type: Firm
Total Offering: 100,000,000
25% of Offering: 25,000,000 Par value
3% of Total Assets: $1,062,657.30
Underwriter: Morgan Stanley
Donaldson, Lufkin &
Jenrette
Goldman Sachs
Broker from whom Portfolio purchased: Morgan Stanley
TOUCHSTONE FUNDS
Transactions Pursuant to Rule 10f-3 of ICA
Touchstone Variable Insurance Trust
Income Opportunity Portfolio
Name of Issuer: CEX Holdings Inc
Name of Security: CEX Holdings Inc, 144a, 9.625% due
06/01/08,
cusip# 125184AA9
Years of Issuers Operations: 5 years
Date of Purchase: 05/20/98
Number of Units Purchased: 450,000
Price Per Unit: $100.00
Total Price Paid: $450,000.00
Portfolio Assets on Trade Date: $35,421,910
% Gross Underwriting Spread: 2.5%
Underwriting Type: Firm
Total Offering: 87,500,000
25% of Offering: 21,875,000 Par value
3% of Total Assets: $1,062,657.30
Underwriter : Donaldson, Lufkin &
Jenrette
BT Alex Brown
Merrill Lynch
Broker from whom Portfolio purchased: BT Alex Brown
TOUCHSTONE FUNDS
Transactions Pursuant to Rule 10f-3 of ICA
Touchstone Variable Insurance Trust
Income Opportunity Portfolio
Name of Issuer: Schuff Steel
Name of Security: Schuff Steel 10.5% due 06/01/08,
cusip# 808156AA1
- -----------------
Years of Issuers Operations: 12 years
Date of Purchase: 06/01//98
Number of Units Purchased: 400,000
Price Per Unit: $100.00
Total Price Paid: $400,000.00
Portfolio Assets on Trade Date: $35,421,910
% Gross Underwriting Spread: 3%
Underwriting Type: Firm
Total Offering: 25,000,000
25% of Offering: 6,250,000 Par value
3% of Total Assets: $1,062,657.30
Underwriter : Donaldson, Lufkin &
Jenrette
Jefferies
Broker from whom Portfolio purchased: Jefferies
