<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000925596
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 SELECT ADVISORS TRUST C
001 B000000 811-8404
001 C000000 6173306113
002 A000000 311 PIKE STREET
002 B000000 CINCINNATI
002 C000000 OH
002 D010000 45202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 TOUCHSTONE EMERGING GROWTH FUND C
007 C030100 N
007 C010200 2
007 C020200 TOUCHSTONE INTERNATIONAL EQUITY FUND C
007 C030200 N
007 C010300 3
007 C020300 TOUCHSTONE GROWTH & INCOME FUND C
007 C030300 N
007 C010400 4
007 C020400 TOUCHSTONE BALANCED FUND C
007 C030400 N
007 C010500 5
007 C020500 TOUCHSTONE INCOME OPPORTUNITY FUND C
007 C030500 N
007 C010600 6
007 C020600 TOUCHSTONE BOND FUND FUND C
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 INVESTORS BANK & TRUST CO.
010 B00AA01 801-45963
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
011 A00AA01 DELETE
012 A00AA01 STATE STREET BANK & TRUST COMPANY
<PAGE> PAGE 2
012 B00AA01 85-50030
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02266
012 C04AA01 8518
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 26
019 C00AA00 TOUCHSTONE
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 INCOME OPPORTUNITY PORTFOLIO
022 B000001 04-3235202
022 C000001 1683
022 D000001 759
022 A000002 GROWTH & INCOME PORTFOLIO
022 B000002 04-3235200
022 C000002 897
022 D000002 478
022 A000003 BALANCED PORTFOLIO
022 B000003 04-3234434
022 C000003 839
022 D000003 533
022 A000004 BOND PORTFOLIO
022 B000004 06-1398026
022 C000004 628
022 D000004 643
022 A000005 INTERNATIONAL EQUITY PORTFOLIO
022 B000005 04-3235205
022 C000005 540
022 D000005 295
022 A000006 EMERGING GROWTH PORTFOLIO
<PAGE> PAGE 3
022 B000006 04-3235204
022 C000006 721
022 D000006 342
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 5308
023 D000000 3050
024 00AA00 N
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025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
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025 D00AA06 0
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025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
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032 00AA00 0
033 00AA00 0
034 00AA00 Y
035 00AA00 1
036 A00AA00 Y
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
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042 B00AA00 0
<PAGE> PAGE 4
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
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043 00AA00 145
044 00AA00 585
045 00AA00 N
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048 B02AA00 0.000
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048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 500
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
<PAGE> PAGE 5
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 Y
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 Q010000 Y
078 000000 N
<PAGE> PAGE 6
080 A00AA00 FIDELITY & DEPOSIT COMPANY OF MARYLAND
080 C00AA00 3000
081 A00AA00 Y
081 B00AA00 3
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
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028 A010100 84
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028 B010100 36
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028 D010100 165
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028 F020100 226
028 F030100 0
028 F040100 3
028 G010100 443
028 G020100 226
028 G030100 0
028 G040100 191
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<PAGE> PAGE 7
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
071 A000100 0
071 B000100 0
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072 A000100 12
072 B000100 7
072 C000100 20
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072 J000100 15
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072 R000100 12
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072 Z000100 -24
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072EE000100 226
073 A010100 0.0000
073 A020100 0.0000
073 B000100 1.2300
073 C000100 0.0000
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074 C000100 0
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<PAGE> PAGE 8
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 2751
074 J000100 0
074 K000100 100
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074 M000100 17
074 N000100 2869
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074 R040100 35
074 S000100 0
074 T000100 2834
074 U010100 201
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074 V010100 14.13
074 V020100 0.00
074 W000100 0.0000
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076 000100 0.00
028 A010200 25
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028 B010200 42
028 B020200 0
028 B030200 0
028 B040200 28
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028 C030200 0
028 C040200 16
028 D010200 98
028 D020200 0
028 D030200 0
028 D040200 25
028 E010200 17
028 E020200 0
028 E030200 0
028 E040200 20
028 F010200 46
028 F020200 269
028 F030200 0
<PAGE> PAGE 9
028 F040200 34
028 G010200 284
028 G020200 269
028 G030200 0
028 G040200 129
028 H000200 0
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 12
072 B000200 8
072 C000200 58
072 D000200 0
072 E000200 0
072 F000200 0
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072 I000200 35
072 J000200 18
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072 U000200 9
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072 W000200 69
072 X000200 206
072 Y000200 119
072 Z000200 -21
072AA000200 480
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072CC010200 36
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 273
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.8200
<PAGE> PAGE 10
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
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074 H000200 0
074 I000200 3940
074 J000200 0
074 K000200 119
074 L000200 0
074 M000200 17
074 N000200 4076
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 42
074 S000200 0
074 T000200 4034
074 U010200 358
074 U020200 0
074 V010200 11.27
074 V020200 0.00
074 W000200 0.0000
074 X000200 408
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075 A000200 0
075 B000200 3682
076 000200 0.00
028 A010300 34
028 A020300 0
028 A030300 0
028 A040300 12
028 B010300 57
028 B020300 0
028 B030300 0
028 B040300 74
028 C010300 153
028 C020300 0
028 C030300 0
028 C040300 59
028 D010300 145
028 D020300 0
028 D030300 0
028 D040300 68
028 E010300 122
<PAGE> PAGE 11
028 E020300 0
028 E030300 0
028 E040300 166
028 F010300 87
028 F020300 190
028 F030300 0
028 F040300 101
028 G010300 599
028 G020300 190
028 G030300 0
028 G040300 481
028 H000300 0
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 12
072 B000300 3
072 C000300 30
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072 Z000300 -2
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<PAGE> PAGE 12
072DD010300 5
072DD020300 0
072EE000300 208
073 A010300 0.0400
073 A020300 0.0000
073 B000300 1.6400
073 C000300 0.0000
074 A000300 0
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074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 1957
074 J000300 0
074 K000300 94
074 L000300 1
074 M000300 17
074 N000300 2069
074 O000300 0
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074 R040300 30
074 S000300 0
074 T000300 2039
074 U010300 141
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074 V010300 14.49
074 V020300 0.00
074 W000300 0.0000
074 X000300 468
074 Y000300 0
075 A000300 0
075 B000300 1691
076 000300 0.00
028 A010400 24
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028 A040400 25
028 B010400 48
028 B020400 0
028 B030400 0
028 B040400 95
028 C010400 218
028 C020400 0
028 C030400 0
<PAGE> PAGE 13
028 C040400 22
028 D010400 36
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028 E040400 12
028 F010400 106
028 F020400 436
028 F030400 0
028 F040400 115
028 G010400 466
028 G020400 445
028 G030400 0
028 G040400 363
028 H000400 0
066 A000400 N
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
072 B000400 68
072 C000400 17
072 D000400 0
072 E000400 0
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072 I000400 34
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<PAGE> PAGE 14
072 Y000400 102
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072AA000400 465
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072DD010400 42
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072EE000400 441
073 A010400 0.2200
073 A020400 0.0000
073 B000400 2.2700
073 C000400 0.0000
074 A000400 0
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074 G000400 0
074 H000400 0
074 I000400 2722
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074 N000400 2840
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074 R030400 0
074 R040400 33
074 S000400 0
074 T000400 2807
074 U010400 231
074 U020400 0
074 V010400 12.15
074 V020400 0.00
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075 A000400 0
075 B000400 2492
076 000400 0.00
028 A010500 40
028 A020500 0
028 A030500 0
028 A040500 12
028 B010500 94
<PAGE> PAGE 15
028 B020500 25
028 B030500 0
028 B040500 76
028 C010500 228
028 C020500 25
028 C030500 0
028 C040500 32
028 D010500 147
028 D020500 26
028 D030500 0
028 D040500 106
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028 E020500 29
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028 E040500 68
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028 F020500 337
028 F030500 0
028 F040500 121
028 G010500 850
028 G020500 443
028 G030500 0
028 G040500 415
028 H000500 0
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 12
072 B000500 422
072 C000500 0
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<PAGE> PAGE 16
072 S000500 1
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073 A010500 1.1400
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074 R040500 40
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074 T000500 3824
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074 U020500 0
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<PAGE> PAGE 17
076 000500 0.00
028 A010600 20
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028 B020600 4
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028 C020600 3
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028 G020600 27
028 G030600 0
028 G040600 449
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066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
071 A000600 0
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072 A000600 12
072 B000600 50
072 C000600 2
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<PAGE> PAGE 18
072 M000600 0
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072 S000600 1
072 T000600 8
072 U000600 9
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072AA000600 2
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072EE000600 1
073 A010600 0.6200
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074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
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074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 665
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074 K000600 83
074 L000600 0
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074 N000600 765
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074 R030600 0
074 R040600 26
074 S000600 0
074 T000600 739
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<PAGE> PAGE 19
074 V020600 0.00
074 W000600 0.0000
074 X000600 199
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075 A000600 0
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076 000600 0.00
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<PAGE> PAGE 20
028 D040800 0
028 E010800 0
028 E020800 0
028 E030800 0
028 E040800 0
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SIGNATURE KEVIN M. CONNERTY
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust C
financial statements at December 31, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Touchstone Emerging Growth Fund C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 2,201,734
<INVESTMENTS-AT-VALUE> 2,751,499
<RECEIVABLES> 100,706
<ASSETS-OTHER> 16,514
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,868,719
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,596
<TOTAL-LIABILITIES> 34,596
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,251,248
<SHARES-COMMON-STOCK> 200,570
<SHARES-COMMON-PRIOR> 149,748
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 25,037
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 557,838
<NET-ASSETS> 2,834,123
<DIVIDEND-INCOME> 20,266
<INTEREST-INCOME> 6,597
<OTHER-INCOME> 0
<EXPENSES-NET> 50,590
<NET-INVESTMENT-INCOME> (23,727)
<REALIZED-GAINS-CURRENT> 323,521
<APPREC-INCREASE-CURRENT> 307,612
<NET-CHANGE-FROM-OPS> 607,406
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 225,979
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52,455
<NUMBER-OF-SHARES-REDEEMED> 18,070
<SHARES-REINVESTED> 16,437
<NET-CHANGE-IN-ASSETS> 1,070,055
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 150,832
<AVERAGE-NET-ASSETS> 2,248,417
<PER-SHARE-NAV-BEGIN> 11.78
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> 3.70
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.23)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.13
<EXPENSE-RATIO> 2.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust C
financial statements at December 31, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Touchstone International Equity Fund C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 3,541,622
<INVESTMENTS-AT-VALUE> 3,940,053
<RECEIVABLES> 119,484
<ASSETS-OTHER> 16,514
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,076,051
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,216
<TOTAL-LIABILITIES> 42,216
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,599,360
<SHARES-COMMON-STOCK> 357,858
<SHARES-COMMON-PRIOR> 299,523
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (16,192)
<ACCUMULATED-NET-GAINS> 63,937
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 386,730
<NET-ASSETS> 4,033,835
<DIVIDEND-INCOME> 57,907
<INTEREST-INCOME> 7,846
<OTHER-INCOME> 0
<EXPENSES-NET> 86,522
<NET-INVESTMENT-INCOME> (20,769)
<REALIZED-GAINS-CURRENT> 480,002
<APPREC-INCREASE-CURRENT> 36,236
<NET-CHANGE-FROM-OPS> 495,469
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 273,265
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 49,430
<NUMBER-OF-SHARES-REDEEMED> 15,117
<SHARES-REINVESTED> 24,022
<NET-CHANGE-IN-ASSETS> 876,995
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 205,543
<AVERAGE-NET-ASSETS> 3,681,808
<PER-SHARE-NAV-BEGIN> 10.54
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 1.61
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.82)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 2.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust C
financial statements at December 31, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Touchstone Growth & Income Fund C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,939,114
<INVESTMENTS-AT-VALUE> 1,957,080
<RECEIVABLES> 95,019
<ASSETS-OTHER> 16,514
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,068,613
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29,834
<TOTAL-LIABILITIES> 29,834
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,871,667
<SHARES-COMMON-STOCK> 140,703
<SHARES-COMMON-PRIOR> 89,787
<ACCUMULATED-NII-CURRENT> 706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,043
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 137,363
<NET-ASSETS> 2,038,779
<DIVIDEND-INCOME> 29,850
<INTEREST-INCOME> 2,915
<OTHER-INCOME> 0
<EXPENSES-NET> 34,656
<NET-INVESTMENT-INCOME> (1,891)
<REALIZED-GAINS-CURRENT> 225,936
<APPREC-INCREASE-CURRENT> 86,797
<NET-CHANGE-FROM-OPS> 310,842
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,621
<DISTRIBUTIONS-OF-GAINS> 208,515
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 68,486
<NUMBER-OF-SHARES-REDEEMED> 30,951
<SHARES-REINVESTED> 13,381
<NET-CHANGE-IN-ASSETS> 818,937
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 129,118
<AVERAGE-NET-ASSETS> 1,690,551
<PER-SHARE-NAV-BEGIN> 13.59
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 2.59
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (1.64)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.49
<EXPENSE-RATIO> 2.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust C
financial statements at December 31, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> Touchstone Balanced Fund C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 2,530,399
<INVESTMENTS-AT-VALUE> 2,721,538
<RECEIVABLES> 101,587
<ASSETS-OTHER> 16,514
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,839,639
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32,680
<TOTAL-LIABILITIES> 32,680
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,576,151
<SHARES-COMMON-STOCK> 230,973
<SHARES-COMMON-PRIOR> 158,946
<ACCUMULATED-NII-CURRENT> 1,883
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,017
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 200,908
<NET-ASSETS> 2,806,959
<DIVIDEND-INCOME> 17,315
<INTEREST-INCOME> 67,966
<OTHER-INCOME> 0
<EXPENSES-NET> 52,323
<NET-INVESTMENT-INCOME> 32,958
<REALIZED-GAINS-CURRENT> 465,528
<APPREC-INCREASE-CURRENT> (84,212)
<NET-CHANGE-FROM-OPS> 414,274
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 42,618
<DISTRIBUTIONS-OF-GAINS> 440,673
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 65,015
<NUMBER-OF-SHARES-REDEEMED> 31,124
<SHARES-REINVESTED> 38,136
<NET-CHANGE-IN-ASSETS> 836,463
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 153,722
<AVERAGE-NET-ASSETS> 2,491,530
<PER-SHARE-NAV-BEGIN> 12.40
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 2.06
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> (2.27)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.15
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust C
financial statements at December 31, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> Touchstone Income Opportunity Fund C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 3,918,585
<INVESTMENTS-AT-VALUE> 3,805,244
<RECEIVABLES> 42,609
<ASSETS-OTHER> 16,514
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,864,367
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,533
<TOTAL-LIABILITIES> 40,533
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,089,891
<SHARES-COMMON-STOCK> 395,636
<SHARES-COMMON-PRIOR> 244,820
<ACCUMULATED-NII-CURRENT> 2,805
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (106,419)
<ACCUM-APPREC-OR-DEPREC> (162,443)
<NET-ASSETS> 3,823,834
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 422,433
<OTHER-INCOME> 0
<EXPENSES-NET> 65,454
<NET-INVESTMENT-INCOME> 356,979
<REALIZED-GAINS-CURRENT> 168,491
<APPREC-INCREASE-CURRENT> (283,336)
<NET-CHANGE-FROM-OPS> 242,134
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 355,644
<DISTRIBUTIONS-OF-GAINS> 309,393
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 145,714
<NUMBER-OF-SHARES-REDEEMED> 51,460
<SHARES-REINVESTED> 56,562
<NET-CHANGE-IN-ASSETS> 1,190,641
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 181,646
<AVERAGE-NET-ASSETS> 3,377,047
<PER-SHARE-NAV-BEGIN> 10.76
<PER-SHARE-NII> 1.15
<PER-SHARE-GAIN-APPREC> (0.25)
<PER-SHARE-DIVIDEND> (1.14)
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.67
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Touchstone Select Advisers Trust C
financial statements at December 31, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> Touchstone Bond Fund C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 653,701
<INVESTMENTS-AT-VALUE> 664,636
<RECEIVABLES> 83,508
<ASSETS-OTHER> 16,514
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 764,658
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,392
<TOTAL-LIABILITIES> 25,392
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 725,896
<SHARES-COMMON-STOCK> 73,508
<SHARES-COMMON-PRIOR> 63,171
<ACCUMULATED-NII-CURRENT> 1,215
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (973)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,128
<NET-ASSETS> 739,266
<DIVIDEND-INCOME> 2,098
<INTEREST-INCOME> 49,676
<OTHER-INCOME> 0
<EXPENSES-NET> 12,607
<NET-INVESTMENT-INCOME> 39,167
<REALIZED-GAINS-CURRENT> 1,853
<APPREC-INCREASE-CURRENT> 8,153
<NET-CHANGE-FROM-OPS> 49,173
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 45,836
<DISTRIBUTIONS-OF-GAINS> 469
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 62,123
<NUMBER-OF-SHARES-REDEEMED> 56,366
<SHARES-REINVESTED> 4,580
<NET-CHANGE-IN-ASSETS> 103,906
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 95,901
<AVERAGE-NET-ASSETS> 764,084
<PER-SHARE-NAV-BEGIN> 10.06
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> (0.62)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.06
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
TO ACCOMPANY FORM N-SAR
To the Investors and Trustees of Select Advisors Trust C:
Touchstone 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 Fund C
In planning and performing our audits of the financial statements and financial
highlights of the above referenced funds of Select Advisors Trust C for the year
ended December 31, 1997 we considered their internal control, including controls
over 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 internal control.
The management of Select Advisors Trust C is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant to an audit pertain to
the entity's objective of preparing financial statements and financial
highlights for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include the
safe-guarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, misstatements due to errors
or fraud may occur and not be detected. Also, projection of any evaluation of
internal control 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 internal control would not necessarily disclose all matters
in internal control 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 any
specific internal control component does not reduce to a relatively low level
the risk that misstatements due to errors or fraud in amounts that would be
material in relation to the financial statements and supplementary data 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 internal control, including controls over safeguarding
securities, that we consider to be material weaknesses, as defined above, as of
December 31, 1997. This report is intended solely for the information and use of
management, and the Securities and Exchange Commission.
Coopers & Lybrand L.L.P.
Boston, Massachusetts
February 13, 1998
Proxy Voting Results
A special meeting of the shareholders of Touchstone Growth & Income Fund C
("Fund C") of Select Advisors Trust C ("Trust C") was held on September 18,
1997. The results of votes taken among shareholders on proposals are listed
below.
Proposal 1
To consider the approval of the Portfolio Advisory Agreement dated September 1,
1997 between Touchstone Advisors, Inc., the investment advisor for the Select
Advisors Portfolios (the "Advisor"), and Scudder, Stevens & Clark, Inc.
("Scudder").
Fund C: QUORUM NOT MET.
Proposal 2
To approve a new Portfolio Advisory Agreement between the Advisor and Scudder to
become effective upon the consummation of certain transactions, described in the
proxy statement, pursuant to which Scudder will be subject to a change in
control.
Fund C: QUORUM NOT MET.
Proposal 3
To approve an amendment to the Investment Advisory Agreement between the Advisor
and Select Advisors Portfolios.
Fund C: QUORUM NOT MET.
Proposal 4
To approve an amendment to the fundamental investment restriction applicable to
the Growth & Income Portfolio of Select Advisors Portfolios relating to real
estate investments.
Fund C: QUORUM NOT MET.
<PAGE>
Proxy Voting Results
A special meeting of the shareholders of Touchstone Emerging Growth Fund C
("Fund C"), a separate series of Select Advisors Trust C ("Trust C" or a
"Trust") was held on October 30, 1997. The results of the votes taken among
shareholders on proposals are listed below.
Proposal 1
To adopt a new portfolio agreement between Touchstone Advisors, Inc. and
Westfield Capital Management Company, Inc. ("Westfield"), pursuant to which
Westfield would act as portfolio advisor with respect to a portion of the assets
of the Emerging Growth Portfolio of the Select Advisors Portfolios.
Fund C:
# of Shares Voted % of Shares
Affirmative........... 133,387.460 99.55%
Against................. 0.00 0.00
Abstain................. 1,008.178 0.75
Proxy Voting Results
On October 30, 1997, Touchstone Emerging Growth Fund C ("Fund C"), a separate
series of Select Advisors Trust C ("Trust C"), as one of the two interest
holders of the Emerging Growth Portfolio (the "Portfolio") of Select Advisors
Portfolios, took the following actions without meeting, by the unanimous written
consent of more than 50% of the outstanding interests of the Portfolio:
1. It was approved that Touchstone Advisors, Inc., the investment
advisor to the Portfolio, would enter into a new portfolio advisory
agreement with Westfield Capital Management Company, which differs from
the previous agreement only in the effective and termination dates.
<PAGE>
