SUPPLEMENT TO PROSPECTUS
OF
TOUCHSTONE VARIABLE SERIES TRUST (THE "TRUST")
IN CONNECTION WITH
TOUCHSTONE INTERNATIONAL EQUITY FUND
THIS SUPPLEMENT IS DATED AS OF DECEMBER 30, 1999
The following information replaces certain information contained in the
Prospectus of the Trust, dated May 1, 1999, and should be read in conjunction
with that Prospectus.
CHANGE IN PORTFOLIO MANAGEMENT TEAM
The second paragraph of the section entitled "Fund Sub-Advisor to the
International Equity Fund" located on page 41 of the Prospectus is hereby
replaced with the following:
The Fund is managed by the Credit Suisse International Equity Management Team.
The team consists of Larry Smith, Steven D. Bleiberg, Alan Zlater, Emily
Alejos and Robert B. Hrabchak.
