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TOUCHSTONE SELECT VARIABLE ANNUITY
SUPPLEMENT TO PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION
WESTERN-SOUTHERN LIFE ASSURANCE COMPANY SEPARATE ACCOUNT 1
GROWTH AND INCOME PORTFOLIO
OF SELECT ADVISORS PORTFOLIOS
THIS SUPPLEMENT IS DATED AS OF JANUARY 1, 1998.
The Prospectus and Statement of Additional Information of Western-Southern
Life Assurance Company Separate Account 1 for the Touchstone Select Variable
Annuity, each dated October 20, 1997, are hereby amended and supplemented as
follows:
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PORTFOLIO ADVISOR
As of January 1, 1998, Scudder Kemper Investments, Inc. ("Scudder Kemper")
became the Portfolio Advisor to the Growth and Income Portfolio (the
"Portfolio"). This change resulted from the completion of a strategic alliance
between Scudder, Stevens & Clark, Inc. ("Scudder"), the Portfolio's previous
portfolio advisor, and the Zurich Group ("Zurich"). As part of the strategic
alliance, the operations of Scudder and Zurich Kemper Investments, Inc., a
subsidiary of Zurich, were combined and the combined operations were named
Scudder Kemper Investments, Inc.
Scudder Kemper is owned 69.5% by Zurich and 30.5% by senior employees of
Scudder Kemper. Scudder Kemper provides investment advisory services to mutual
fund investors, retirement and pension plans, institutional and corporate
clients, insurance companies, and private family and individual accounts. As of
December 31, 1997, Scudder Kemper had assets under management of more than $200
billion. Scudder Kemper's headquarters are located in New York, New York.
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NEW PORTFOLIO ADVISORY AGREEMENT
A new Portfolio Advisory Agreement (the "New Agreement") with Scudder
Kemper became effective January 1, 1998. The terms of the New Agreement are
identical to the terms of the previous Portfolio Advisory Agreement with
Scudder, except for the effective date, the name of the portfolio advisor and
certain language that became inapplicable upon shareholder approval of the
previous Portfolio Advisory Agreement. The New Agreement was approved by the
Board of Trustees of Select Advisors Portfolio (the "SA Trust") on August 15,
1997 and by the shareholders of the Portfolio on September 18, 1997. The
Portfolio is a separate portfolio of the SA Trust.
