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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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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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074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 23
074 S000700 0
074 T000700 1134
074 U010700 111
074 U020700 0
074 V010700 10.18
074 V020700 0.00
074 W000700 0.0000
074 X000700 7
074 Y000700 0
075 A000700 0
075 B000700 1044
076 000700 0.00
<PAGE> PAGE 22
SIGNATURE DAVID G. DANIELSON
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial summary information extracted from the
Touchstone Emerging Growth Fund C Annual Report dated December 31, 1995 and
is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000925596
<NAME> SELECT ADVISORS TRUST C
<SERIES>
<NUMBER> 1
<NAME> TOUCHSTONE EMERGING GROWTH FUND C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1,118,005
<INVESTMENTS-AT-VALUE> 1,283,474
<RECEIVABLES> 28,729
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35,345
<TOTAL-ASSETS> 1,347,548
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68,758
<TOTAL-LIABILITIES> 68,758
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,128,184
<SHARES-COMMON-STOCK> 111,990
<SHARES-COMMON-PRIOR> 101,154
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14,863)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 165,469
<NET-ASSETS> 1,278,790
<DIVIDEND-INCOME> 12,090
<INTEREST-INCOME> 4,410
<OTHER-INCOME> 0
<EXPENSES-NET> 25,826
<NET-INVESTMENT-INCOME> (9,326)
<REALIZED-GAINS-CURRENT> 104,176
<APPREC-INCREASE-CURRENT> 122,679
<NET-CHANGE-FROM-OPS> 217,529
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 484
<DISTRIBUTIONS-OF-GAINS> 85,973
<DISTRIBUTIONS-OTHER> 29
<NUMBER-OF-SHARES-SOLD> 3,921
<NUMBER-OF-SHARES-REDEEMED> 655
<SHARES-REINVESTED> 7,570
<NET-CHANGE-IN-ASSETS> 256,530
<ACCUMULATED-NII-PRIOR> 484
<ACCUMULATED-GAINS-PRIOR> (30,782)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 98,425
<AVERAGE-NET-ASSETS> 1,144,631
<PER-SHARE-NAV-BEGIN> 10.11
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> 2.16
<PER-SHARE-DIVIDEND> 0.01
<PER-SHARE-DISTRIBUTIONS> 0.82
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.42
<EXPENSE-RATIO> 2.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial summmary information extracted from the
Touchstone International Equity C Fund Annual Report dated December 31, 1995
and is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000925596
<NAME> SELECT ADVISORS TRUST C
<SERIES>
<NUMBER> 2
<NAME> TOUCHSTONE INTERNATIONAL EQUITY FUND C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,356,948
<INVESTMENTS-AT-VALUE> 2,486,345
<RECEIVABLES> 30,186
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35,345
<TOTAL-ASSETS> 2,551,876
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 69,578
<TOTAL-LIABILITIES> 69,578
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,568,084
<SHARES-COMMON-STOCK> 260,836
<SHARES-COMMON-PRIOR> 249,917
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (215,183)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 129,397
<NET-ASSETS> 2,482,298
<DIVIDEND-INCOME> 30,999
<INTEREST-INCOME> 8,585
<OTHER-INCOME> 0
<EXPENSES-NET> 54,113
<NET-INVESTMENT-INCOME> (14,529)
<REALIZED-GAINS-CURRENT> (212,994)
<APPREC-INCREASE-CURRENT> 334,278
<NET-CHANGE-FROM-OPS> 106,755
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,845
<NUMBER-OF-SHARES-REDEEMED> 926
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 208,095
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (5,261)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 131,369
<AVERAGE-NET-ASSETS> 2,296,413
<PER-SHARE-NAV-BEGIN> 9.10
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 0.47
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.52
<EXPENSE-RATIO> 2.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Touchstone Growth & Income Fund C Annual Report dated December 31, 1995
and is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000925596
<NAME> SELECT ADVISORS TRUST C
<SERIES>
<NUMBER> 3
<NAME> TOUCHSTONE GROWTH & INCOME FUND C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 296,852
<INVESTMENTS-AT-VALUE> 330,762
<RECEIVABLES> 30,623
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35,345
<TOTAL-ASSETS> 396,730
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68,940
<TOTAL-LIABILITIES> 68,940
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 291,949
<SHARES-COMMON-STOCK> 26,053
<SHARES-COMMON-PRIOR> 2,055
<ACCUMULATED-NII-CURRENT> 90
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,841
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,910
<NET-ASSETS> 327,790
<DIVIDEND-INCOME> 2,937
<INTEREST-INCOME> 435
<OTHER-INCOME> 0
<EXPENSES-NET> 3,493
<NET-INVESTMENT-INCOME> (121)
<REALIZED-GAINS-CURRENT> 14,625
<APPREC-INCREASE-CURRENT> 33,698
<NET-CHANGE-FROM-OPS> 48,202
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,566
<DISTRIBUTIONS-OF-GAINS> 12,661
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,514
<NUMBER-OF-SHARES-REDEEMED> 1,202
<SHARES-REINVESTED> 1,686
<NET-CHANGE-IN-ASSETS> 307,222
<ACCUMULATED-NII-PRIOR> 1,676
<ACCUMULATED-GAINS-PRIOR> (123)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 65,413
<AVERAGE-NET-ASSETS> 169,966
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 3.51
<PER-SHARE-DIVIDEND> 0.42
<PER-SHARE-DISTRIBUTIONS> 0.51
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.58
<EXPENSE-RATIO> 2.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial summary information extracted from the
Touchstone Balanced Fund C Annual Report dated December 31, 1995 and is
qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000925596
<NAME> SELECT ADVISORS TRUST C
<SERIES>
<NUMBER> 4
<NAME> TOUCHSTONE BALANCED FUND C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1,259,152
<INVESTMENTS-AT-VALUE> 1,383,894
<RECEIVABLES> 28,189
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35,345
<TOTAL-ASSETS> 1,447,428
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67,854
<TOTAL-LIABILITIES> 67,854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,248,718
<SHARES-COMMON-STOCK> 122,129
<SHARES-COMMON-PRIOR> 100,206
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,114
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 124,742
<NET-ASSETS> 1,379,574
<DIVIDEND-INCOME> 10,048
<INTEREST-INCOME> 33,470
<OTHER-INCOME> 0
<EXPENSES-NET> 24,500
<NET-INVESTMENT-INCOME> 19,018
<REALIZED-GAINS-CURRENT> 83,548
<APPREC-INCREASE-CURRENT> 122,824
<NET-CHANGE-FROM-OPS> 225,390
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 28,268
<DISTRIBUTIONS-OF-GAINS> 72,034
<DISTRIBUTIONS-OTHER> 8
<NUMBER-OF-SHARES-SOLD> 13,903
<NUMBER-OF-SHARES-REDEEMED> 848
<SHARES-REINVESTED> 8,868
<NET-CHANGE-IN-ASSETS> 380,622
<ACCUMULATED-NII-PRIOR> 2,027
<ACCUMULATED-GAINS-PRIOR> (5,286)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 96,507
<AVERAGE-NET-ASSETS> 1,163,511
<PER-SHARE-NAV-BEGIN> 9.97
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 1.98
<PER-SHARE-DIVIDEND> 0.27
<PER-SHARE-DISTRIBUTIONS> 0.63
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.30
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial summary information extracted from the
Touchstone Income Opportunity Fund C Annual Report dated December 31, 1995
and is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000925596
<NAME> SELECT ADVISORS TRUST C
<SERIES>
<NUMBER> 5
<NAME> TOUCHSTONE INCOME OPPORTUNITY FUND C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1,159,738
<INVESTMENTS-AT-VALUE> 1,207,818
<RECEIVABLES> 28,881
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35,345
<TOTAL-ASSETS> 1,272,044
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68,782
<TOTAL-LIABILITIES> 68,782
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,204,380
<SHARES-COMMON-STOCK> 122,785
<SHARES-COMMON-PRIOR> 102,050
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (49,198)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48,080
<NET-ASSETS> 1,203,262
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 139,458
<OTHER-INCOME> 0
<EXPENSES-NET> 19,968
<NET-INVESTMENT-INCOME> 119,490
<REALIZED-GAINS-CURRENT> 3,125
<APPREC-INCREASE-CURRENT> 88,462
<NET-CHANGE-FROM-OPS> 211,077
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 128,334
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 406
<NUMBER-OF-SHARES-SOLD> 8,235
<NUMBER-OF-SHARES-REDEEMED> 1,353
<SHARES-REINVESTED> 13,853
<NET-CHANGE-IN-ASSETS> 276,809
<ACCUMULATED-NII-PRIOR> 1,756
<ACCUMULATED-GAINS-PRIOR> (52,323)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 91,301
<AVERAGE-NET-ASSETS> 1,021,187
<PER-SHARE-NAV-BEGIN> 9.08
<PER-SHARE-NII> 1.14
<PER-SHARE-GAIN-APPREC> 0.74
<PER-SHARE-DIVIDEND> 1.16
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.80
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Touchstone Bond Fund C Annual Report dated December 31, 1995 and is qualified
in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000925596
<NAME> SELECT ADVISORS TRUST C
<SERIES>
<NUMBER> 6
<NAME> TOUCHSTONE BOND FUND C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 331,561
<INVESTMENTS-AT-VALUE> 342,994
<RECEIVABLES> 29,742
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35,345
<TOTAL-ASSETS> 408,081
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67,813
<TOTAL-LIABILITIES> 67,813
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 327,774
<SHARES-COMMON-STOCK> 32,315
<SHARES-COMMON-PRIOR> 2,227
<ACCUMULATED-NII-CURRENT> 24
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,037
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,433
<NET-ASSETS> 340,268
<DIVIDEND-INCOME> 165
<INTEREST-INCOME> 11,891
<OTHER-INCOME> 0
<EXPENSES-NET> 2,812
<NET-INVESTMENT-INCOME> 9,244
<REALIZED-GAINS-CURRENT> 2,742
<APPREC-INCREASE-CURRENT> 11,486
<NET-CHANGE-FROM-OPS> 23,472
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 18,040
<DISTRIBUTIONS-OF-GAINS> 1,597
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29,389
<NUMBER-OF-SHARES-REDEEMED> 1,166
<SHARES-REINVESTED> 1,865
<NET-CHANGE-IN-ASSETS> 318,197
<ACCUMULATED-NII-PRIOR> 1,686
<ACCUMULATED-GAINS-PRIOR> (74)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 63,773
<AVERAGE-NET-ASSETS> 169,929
<PER-SHARE-NAV-BEGIN> 9.91
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0.90
<PER-SHARE-DISTRIBUTIONS> 0.05
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.53
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial summary information extracted from the
Touchstone Municipal Bond Fund C Annual Report dated December 31, 1995 and
is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000925596
<NAME> SELECT ADVISORS TRUST C
<SERIES>
<NUMBER> 7
<NAME> TOUCHSTONE MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1,108,051
<INVESTMENTS-AT-VALUE> 1,137,300
<RECEIVABLES> 29,219
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35,345
<TOTAL-ASSETS> 1,201,864
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68,270
<TOTAL-LIABILITIES> 68,270
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,106,474
<SHARES-COMMON-STOCK> 111,382
<SHARES-COMMON-PRIOR> 100,299
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,129)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 29,249
<NET-ASSETS> 1,133,594
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 60,562
<OTHER-INCOME> 0
<EXPENSES-NET> 18,842
<NET-INVESTMENT-INCOME> 41,720
<REALIZED-GAINS-CURRENT> (2,102)
<APPREC-INCREASE-CURRENT> 41,510
<NET-CHANGE-FROM-OPS> 81,128
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 50,774
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 114
<NUMBER-OF-SHARES-SOLD> 6,054
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 5,029
<NET-CHANGE-IN-ASSETS> 142,634
<ACCUMULATED-NII-PRIOR> 2,020
<ACCUMULATED-GAINS-PRIOR> (27)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 88,818
<AVERAGE-NET-ASSETS> 1,043,869
<PER-SHARE-NAV-BEGIN> 9.88
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> 0.32
<PER-SHARE-DIVIDEND> 0.49
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.18
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Investors and Trustees of
Select Advisors Trust C:
In planning and performing our audit of the financial statements and financial
highlights of Select Advisors Trust C (the "Trust") (consisting of Emerging
Growth Fund C, Touchstone International Equity Fund C, Touchstone Growth &
Income Fund C, Touchstone Balanced Fund C, Touchstone Income Opportunity Fund C,
Touchstone Bond C and Municipal Bond C) for the year ended December 31, 1995, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and financial highlights and
to comply with the requirements of Form N-SAR, not to provide assurance on the
internal control structure.
The management of the Trust is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements and financial
highlights being audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned functions. However,
we noted no matters involving the internal control structure, including
procedures for safeguarding securities, that we consider to be material
weaknesses, as defined above, as of December 31, 1995.
This report is intended solely for the information and use of management of the
Trust and the Securities and Exchange Commission.
Coopers & Lybrand L.L.P.
Boston, Massachusetts
February 16, 1996
