SELECT ADVISORS TRUST C
Touchstone Emerging Growth Fund C, Touchstone International Equity Fund C
Touchstone Bond Fund C, Touchstone Growth & Income Fund C
Touchstone Income Opportunity Fund C, Touchstone Balanced Fund C
Touchstone Standby Income Fund and
Touchstone Municipal Bond Fund C (the "Funds")
Supplement to the Prospectus dated May 1, 1996
Only for Residents of the State of Arizona
Prospective Arizona investors should note that the Investment Advisor,
Touchstone Advisors, Inc., has no experience in managing mutual funds. The
day-to-day management of the Funds will be the responsibility of the Portfolio
Advisors. For more information about the experience of each Portfolio Advisor
see "Advisor and Portfolio Advisors" in the Prospectus.
Supplement dated May 1, 1996
IFS0059A
Form 7060-9605
<PAGE>
SELECT ADVISORS TRUST C
Touchstone Emerging Growth Fund C, Touchstone International Equity Fund C
Touchstone Bond Fund C, Touchstone Growth & Income Fund C
Touchstone Income Opportunity Fund C, Touchstone Balanced Fund C
Touchstone Standby Income Fund, Touchstone Municipal Bond Fund C
Supplement to the Prospectus dated May 1, 1996
Only for Residents of the State of Texas
The table included in the "Summary of Expenses" section on page 3 of the
prospectus has been revised as follows:
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Emerging International Growth & Income Standby Municipal
Shareholder Growth Equity Income Balanced Opportunity Bond Income Bond
Transaction Expenses Fund C Fund C Fund C Fund C Fund C Fund C Fund Fund C
Maximum Sales 1.00%(1) 1.00%(1) 1.00%(1) 1.00%(1) 1.00%(1) 1.00%(1) None 1.00%(1)
Charge
Annual Operating
Expenses
Advisory Fee 0.80% 0.95% 0.75% 0.70% 0.65% 0.55% 0.25% 0.55%
Rule 12b-1 Fees 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 0.00% 1.00%
Other Expenses 0.45% 0.40% 0.30% 0.40% 0.30% 0.10% 0.50% 0.25%
---- ---- ---- ---- ---- ---- ---- ----
(after waiver or
reimbursement)(2)
Total Operating 2.25% 2.35% 2.05% 2.10% 1.95% 1.65% 0.75% 1.80%
==== ==== ==== ==== ==== ==== ==== ====
Expenses
(after waiver or
reimbursement)(2)
<FN>
(1) On purchases of up to $1 million, a contingent deferred sales charge of
1.00% will be assessed on shares redeemed within one year of purchase. See
"Purchase of Shares."
(2) For more information please see "Summary of Expenses" beginning on page
3 of the prospectus.
</FN>
</TABLE>
Supplement dated May 1, 1996
IFS0059A
Form 7059-9605
<PAGE>
SELECT ADVISORS TRUST C
Touchstone Emerging Growth Fund C, Touchstone International Equity Fund C
Touchstone Bond Fund C, Touchstone Growth & Income Fund C
Touchstone Income Opportunity Fund C, Touchstone Balanced Fund C
Touchstone Standby Income Fund and
Touchstone Municipal Bond Fund C (the "Funds")
Supplement to the Prospectus dated May 1, 1996
Only for Residents of the State of Wisconsin
The following is inserted after the last paragraph on the cover page of the
Prospectus:
Each of the Funds may be permitted to engage in short-term trading and invest up
to 10% of its total assets in illiquid investments. These activities could be
considered speculative and could result in greater risk or cost to the Fund.
Supplement dated May 1, 1996
IFS0059A
Form 7057-9605
