SELECT ADVISORS PORTFOLIOS
40-8F-L, 2000-02-07
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM N8-F

              APPLICATION FOR DEREGISTRATION OF CERTAIN REGISTERED
                              INVESTMENT COMPANIES

I. GENERAL IDENTIFYING INFORMATION

1.   Reason fund is applying to deregister (check ONLY one; for description, see
     Instruction 1 above):

     []   MERGER

     [X]  LIQUIDATION

     [ ]  ABANDONMENT OF  REGISTRATION  (Note:  Abandonments  of  Registration
          answer  ONLY  questions  1  through  15,  24 and 25 of this  form  and
          complete verification at the end of the form.)

     [ ]  Election of status as a BUSINESS DEVELOPMENT COMPANY (Note: Business
          Development  Companies answer only questions 1 through 10 of this form
          and complete verification at the end of the form.)

2.   Name of fund:

     Select Advisors  Portfolios  (including  the following  series:  Touchstone
     Emerging Growth Portfolio,  Touchstone International Equity Portfolio,
     Touchstone  Income  Opportunity   Portfolio,   Touchstone  Value  Plus
     Portfolio,  Touchstone Growth & Income Portfolio,  Touchstone Growth &
     Income II Portfolio,  Touchstone  Bond  Portfolio,  Touchstone Bond II
     Portfolio, Touchstone Standby Income Portfolio and Touchstone Balanced
     Portfolio).

3.   Securities and Exchange Commission File No.:

     File No.: 811-8778

4.   Is this an initial Form N-8F or an amendment to a previously filed
     Form N-8F?

     [X]     Initial Application                     [ ]     Amendment

5.   Address of Principal  Executive Office (include No. and Street,  City,
     State, and Zip Code).

     311 Pike Street
     Cincinnati, OH 45202




6.   Name,  address and telephone  number of  individual  the  Commission  staff
     should contact with any questions regarding this form:

     Cynthia Surprise, Counsel
     Investors Bank & Trust
     200 Clarendon Street
     Boston, MA 02116
     617-204-4652

7.   Name,  address and telephone number of individual or entity responsible for
     maintenance and preservation of fund records in accordance with rules 31a-1
     and 31a-2 under the Act [17 CFR 270.31a-1, .31a-2]:

     Investors Bank & Trust                  Touchstone Advisors, Inc.
     200 Clarendon Street                    311 Pike Street
     Boston, MA 02116                        Cincinnati, OH 45202
     617-443-6856                            513-361-7948

     NOTE:ONCE  DEREGISTERED,  A FUND IS STILL REQUIRED TO MAINTAIN AND PRESERVE
     THE  RECORDS  DESCRIBED  IN RULES  31A-1  AND  31A-2  FOR THE  PERIODS
     SPECIFIED IN THOSE RULES.

8.   Classification of fund (check only one):

     [X]     Management company;
     [ ]     Unit investment trust; or
     [ ]     Face-amount certificate company.

9.   Subclassification if the fund is a management company (check only one):

     [X]    Open-end                [ ]     Closed-end

10.  State law under which the fund was  organized  or formed  (e.g.,  Delaware,
     Massachusetts):

     New York

11.  Provide  the  name  and  address  of each  investment  adviser  of the fund
     (including  sub-advisers)  during the last five  years,  even if the fund's
     contracts with those advisers have been terminated:


     INVESTMENT ADVISOR         Touchstone Advisors, Inc.
                                311 Pike Street
                                Cincinnati, OH 45202

<TABLE>
<CAPTION>

SUB-ADVISORS
<S>                                                    <C>

Touchstone Bond Portfolio,                             Fort Washington Investment Advisors, Inc.
Touchstone Bond II Portfolio,                          550 East 4th Street
Touchstone Value Plus Portfolio and                    Cincinnati, OH 45202
Standby Income Portfolio

Touchstone Municipal Bond Portfolio                    Neuberger & Berman
                                                       605 Third Avenue
                                                       New York, NY 10158-3698

Touchstone Growth & Income Portfolio                   Scudder Kemper Investments, Inc.
Touchstone Growth & Income II Portfolio                345 Park Avenue
                                                       New York, NY 10154

                                                       Fort Washington Investment Advisors, Inc.
                                                       550 East Fourth Street
                                                       Cincinnati, OH 45202

Touchstone Balanced Portfolio                          OpCap Advisors
                                                       Oppenheimer Tower
                                                       One World Financial Center
                                                       New York, NY 10281

                                                       Harbor Capital Management Company, Inc.
                                                       125 High Street, 26th Floor
                                                       Boston, MA 02110

                                                       Morgan Grenfell Capital Management, Inc.
                                                       885 Third Avenue
                                                       New York, NY 10022

Touchstone Income Opportunity Portfolio                Alliance Capital Management Corp., L.P.
                                                       1345 Avenue of the Americas
                                                       New York, NY 10154

Touchstone International Equity Portfolio              BEA Associates
                                                       153 East 53rd Street
                                                       New York, NY 10022

Touchstone Emerging Growth Portfolio                   David L. Babson and Company, Inc.
                                                       One Memorial Drive
                                                       Cambridge, MA 02142-1300

                                                       Westfield Capital Management Company, Inc.
                                                       One Financial Center
                                                       Boston, MA 02111

</TABLE>

12.  Provide  the name and  address of each  principal  underwriter  of the fund
     during  the last  five  years,  even if the  fund's  contracts  with  those
     underwriters have been terminated:

13.  If the fund is a unit investment trust ("UIT") provide: N/A

     (a)     Depositor's name(s) and address(es): N/A

     (b)     Trustee's name(s) and address(es): N/A

14.  Is there a UIT  registered  under  the Act that  served  as a  vehicle  for
     investment in the fund (e.g., an insurance company separate account)?

     [X ]     Yes             []     No

     If Yes, for each UIT state:

     Name(s):        Western and Southern Life Assurance Company
                     Separate Account 1

     File No.:       811-8420

     Business Address:       Western and Southern Life Assurance Company
                             400 Broadway
                             Cincinnati, OH 45202

15.  (a) Did the fund obtain approval from the board of directors concerning the
     decision to engage in a Merger, Liquidation or Abandonment of Registration?

     [X]     Yes             [ ]     No

     If Yes, state the date on which the board vote took place:

     June 18, 1998

     If No, explain:

     (b) Did the fund  obtain  approval  from the  shareholders  concerning  the
     decision to engage in a Merger, Liquidation or Abandonment of Registration?

     [ ]     Yes             [X ]     No

     If Yes, state the date on which the shareholder vote took place:


     If No,  explain:  The Registrant and other entities were part of a hub
     and spoke investment  structure that were reorganized as multi-class  funds
     pursuant  to  an  exemptive  order  that  allowed   redemption-in-kind   to
     affiliates of the Registrant. In the reorganization,  each Trust A Fund and
     each  Trust  C Fund  withdrew  all of  their  respective  assets  from  the
     corresponding  Portfolio of Select Advisors  Portfolios.  Each Trust C Fund
     exchanged its assets for Class C shares of the  corresponding  Trust A Fund
     and distributed those shares to its shareholders.  Each shareholder of each
     Trust C Fund received an equal number of the  corresponding  Trust A Fund's
     Class C shares.  A shareholder  vote to liquidate the fund was not required
     by the fund's declaration of trust or by-laws.


II.  DISTRIBUTION TO SHAREHOLDERS

16.  Has the fund  distributed any assets to its shareholders in connection with
     the Merger or Liquidation?

     [X ]     Yes             [ ]     No

     (a)  If  Yes,   list  the   date(s)  on  which  the  fund  made  those
     distributions:

          December 31, 1998

     (b)  Were the distributions made on the basis of net assets?

          [X]     Yes             [ ]     No

     (c)  Were the distributions made PRO RATA based on share ownership?

          [X]     Yes             [ ]     No

     (d)  If No to (b) or (c)  above,  describe  the method of  distributions
          to shareholders. For Mergers, provide the exchange ratio(s) used and
          explain how it was calculated:

     (e)  LIQUIDATIONS ONLY:
          Were any distributions to shareholders made in kind?

          [X ]     Yes             [ ]     No

          If Yes, indicate the percentage of fund shares owned by affiliates, or
          any other affiliation of shareholders:

          All of the securities of the Registrant  were  distributed to the
          spoke funds or Western and Southern Life  Assurance  Company  Separate
          Account 1  (Separate  Account).  The  Separate  Account  owned all the
          shares of Touchstone  Growth & Income II Portfolio and Touchstone Bond
          II Portfolio.

17.  CLOSED-END FUNDS ONLY:
     Has the fund issued senior securities?

     [ ]     Yes             [ ]     No

     If Yes,  describe  the method of  calculating  payments to senior
     security holders and distributions to other shareholders:

18.  Has the fund distributed ALL of its assets to the fund's shareholders?

     [X]     Yes             [ ]     No

     If No,

     (a)  How many  shareholders  does the fund have as of the date this form is
          filed?

     (b)  Describe the relationship of each remaining shareholder to the fund:


19.  Are there  any  shareholders  who have not yet  received  distributions  in
     complete liquidation of their interests?

     [ ]     Yes             [X]     No

     If Yes,  describe briefly the plans (if any) for distributing to,
     or preserving the interests of, those shareholders:

III. ASSETS AND LIABILITIES

20.  Does the fund have any assets as of the date this form is filed?

     [ ]     Yes             [X]     No

     If Yes,

     (a)  Describe the type and amount of each asset  retained by the fund as of
          the date this form is filed:

     (b)  Why has the fund retained the remaining assets?

     (c)  Will the remaining assets be invested in securities?

          [ ]     Yes             [ ]     No

21.  Does  the  fund  have  any  outstanding   debts  (other  than   face-amount
     certificates if the fund is a face-amount certificate company) or any other
     liabilities?

     [ ]     Yes             [X]     No

     If Yes,

     (a)  Describe the type and amount of each debt or other liability:

     (b)  How does the  fund  intend  to pay  these  outstanding  debts or other
          liabilities?

IV.  INFORMATION ABOUT EVENT(S) LEADING TO REQUEST FOR DEREGISTRATION

22.  (a)  List  the  expenses   incurred  in  connection   with  the  Merger  or
          Liquidation:

     (i)  Legal expenses:        $190,346.00 (Total expenses for all entities)

     (ii)  Accounting expenses:  $16,300.00 (Total expenses for all entities)

     (iii) Other expenses (list and identify separately):

     (iv)  Total expenses (sum of lines (i)-(iii) above):     $206,646.00

     (b)  How were those expenses allocated?

          Touchstone Advisors, Inc., paid all expenses listed in 22(a) above.


     (c)  Who paid those expenses?

          Touchstone Advisors, Inc., paid all expenses listed in 22(a) above.

     (d)  How did the fund pay for unamortized expenses (if any)?

          Touchstone Advisors, Inc., paid all the unamortized expenses of the
          fund.

23.  Has the fund previously filed an application for an order of the Commission
     regarding the Merger or Liquidation?

     [ ]     Yes             [X]     No

     If Yes, cite the release numbers of the Commission's notice and order or,
     if no notice or order has been  issued,  the file  number and date the
     application was filed:

V.   CONCLUSION OF FUND BUSINESS

24.  Is the fund a party to any litigation or administrative proceeding?

     [ ]     Yes             [X]     No

     If Yes,  describe  the  nature  of any  litigation  or  proceeding  and the
     position taken by the fund in that litigation:

25.  Is the fund now engaged, or intending to engage, in any business activities
     other than those necessary for winding up its affairs?

     [ ]     Yes             [ X]     No

     If Yes, describe the nature and extent of those activities:

VI.  MERGERS ONLY

26.  (a) State the name of the fund surviving the Merger:

     (b)  State the Investment Company Act file number of the fund surviving the
          Merger:

     (c)  If the  merger or  reorganization  agreement  has been  filed with the
          Commission,  state  the file  number(s),  form  type used and date the
          agreement was filed:

     (d)  If the merger or reorganization  agreement has NOT been filed with the
          Commission,  provide a copy of the  agreement  as an  exhibit  to this
          form.



                                  VERIFICATION

The undersigned  states that (i) she has executed this Form N-8F application for
an order under Section 8(f) of the  Investment  Company Act of 1940 on behalf of
Select Advisors Portfolios (the "Fund"),  (ii) she is the President of the Fund,
and (iii) all actions by shareholders,  directors,  and any other body necessary
to authorize the undersigned to execute and file this Form N-8F application have
been taken.  The  undersigned  also states that the facts set forth in this Form
N-8F  application are true to the best of his or her knowledge,  information and
belief.


                                                /s/ Jill McGruder
                                                -----------------
                                                Jill McGruder



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