SUPPLEMENT TO
TOUCHSTONE VARIABLE SERIES TRUST PROSPECTUS
THIS SUPPLEMENT IS DATED AUGUST 22, 2000.
The Touchstone Variable Series Trust Prospectus, dated May 1, 2000, is hereby
supplemented with the following information.
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The Touchstone Emerging Growth Fund and the Touchstone Value Plus Fund
are invested in technology securities. The value of technology
securities may fluctuate dramatically and technology securities may be
subject to greater than average financial and market risks. Investments
in the high technology sector include the risk that certain products
and services may be subject to competitive pressures and aggressive
pricing and the risk that new products will not meet expectations or
even reach the marketplace.
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Please keep this document with your prospectus for future reference.
794474.02
