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Filed pursuant to Rule 497(e)
File No. 33-76146/811-8404
SUPPLEMENT TO PROSPECTUS
FOR TOUCHSTONE FUNDS OFFERED BY
SELECT ADVISORS TRUST C
PROSPECTUS DATED MAY 1, 1996
The Prospectus for the Touchstone Family of Funds, dated May 1, 1996,
is hereby amended and supplemented as follows:
1. RETIREMENT PLANS. This section, appearing at page 26 of the
Prospectus, describes the types of retirement plans that may invest in
the Funds of Select Advisors Trust C. Effective January 1, 1997,
shares may be purchased for investment by Savings Incentive Match
Plans for Employees (SIMPLE). Accordingly, the second sentence in this
section is amended to read as follows: "You may invest in each
Portfolio through various retirement plans including Individual
Retirement Accounts ("IRAs"), SIMPLE plans, Simplified Employee Plan
("SEP") IRAs and Section 403(b) Tax Sheltered Accounts that employ as
custodian a bank acceptable to the Distributor. For further
information regarding Fund investments by SIMPLE or other retirement
plans, contact either the Distributor or your dealer.
2. ADMINISTRATOR. Information regarding the Administrator of
Select Advisors Trust C, and the Funds comprising the Trust, which
appears at page 32 of the Prospectus, is amended to disclose that,
effective December 1, 1996, Signature Financial Services, Inc. ceased
providing administrative and fund accounting services to the Trust and
that Investors Bank & Trust Company ("IBT"), the Custodian for the
Trust (see "Custodian and Transfer Agent" at page 33 of the
Prospectus), began providing such services immediately upon the
termination of Signature. IBT provides the same services previously
supplied by Signature. Although its fee structure is higher than
Signature's, the increase will not affect the expenses being paid by
shareholders owing to existing agreements under which Touchstone
Advisors, Inc., as Sponsor, has agreed to reimburse the Funds of the
Trust for total expenses exceeding the Expense Caps (as defined in the
Prospectus). This commitment remains in effect at least until March
31, 1998. For information regarding the Expense Caps, see "Summary of
Expenses" on pages 3 and 4 of the Prospectus and "Sponsor" at page 32
of the Prospectus.
This Supplement is dated January 1, 1997.
