AMENDMENT NO. 7
TO
INVESTMENT ADVISORY AGREEMENT
BETWEEN
TOUCHSTONE ADVISORS, INC. AND TOUCHSTONE VARIABLE SERIES TRUST
This Amendment No. 7 to Investment Advisory Agreement is dated as of April
25, 2008 and amends the Investment Advisory Agreement (the "Advisory Agreement")
dated as of January 1, 1999, as amended, made by and between Touchstone
Advisors, Inc., an Ohio corporation (the "Advisor"), and Touchstone Variable
Series Trust, a Massachusetts business trust created pursuant to a Declaration
of Trust dated February 7, 1994 (the "Trust").
WHEREAS, the Advisor acts as investment advisor to the Trust pursuant to
the Advisory Agreement; and
WHEREAS, the Board of Trustees and shareholders of the Trust have approved
the merger of the Eagle Capital Appreciation Fund, Growth & Income Fund and
Value Plus Fund into the Large Cap Core Equity Fund (formerly named Enhanced
Dividend 30 Fund) and the Balanced Fund into the Moderate ETF Fund;
NOW, THEREFORE, Schedule 1 to the Advisory Agreement is hereby amended,
effective as of April 25, 2008, to read as set forth in Exhibit A to this
Amendment,
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
and delivered in their names and on their behalf as of the day and year first
above written.
TOUCHSTONE VARIABLE SERIES TRUST
By: /s/ Xxxx X. XxXxxxxx
--------------------------------------
Xxxx X. XxXxxxxx, President
TOUCHSTONE ADVISORS, INC.
By: /s/ Xxxxxxx X. Xxxx
--------------------------------------
Xxxxxxx X. Xxxx, Senior Vice President
Exhibit A to Amendment No. 7 to
Investment Advisory Agreement
SCHEDULE 1
Touchstone Mid Cap Growth Fund 0.80% of average daily net assets
Touchstone Third Avenue Value Fund 0.80% on the first $100 million of
average daily net assets; 0.75% on the
next $100 million of average daily net
assets; 0.70% on the next $100 million
of average daily net assets; and 0.65%
of such assets in excess of $300
million.
Touchstone Core Bond Fund 0.55% on the first $100 million of
average daily net assets; 0.50% on the
next $100 million of average daily net
assets; 0.45% on the next $100 million
of average daily net assets; and 0.40%
of such assets in excess of $300
million.
Touchstone High Yield Fund 0.50% on the first $100 million of
average daily net assets; 0.45% on the
next $100 million of average daily net
assets; 0.40% on the next $100 million
of average daily net assets; and 0.35%
of such assets in excess of $300
million.
Touchstone Money Market Fund 0.18% of average daily net assets.
Touchstone Large Cap Core Equity Fund 0.65% on the first $100 million of
average daily net assets; 0.60% on the
next $100 million of average daily net
assets; 0.55% on the next $100 million
of average daily net assets; and 0.50%
of such assets in excess of $300
million.
Touchstone Baron Small Cap Growth Fund 1.05% of average daily net assets.
Touchstone Conservative ETF Fund 0.40% on the first $50 million of
Touchstone Moderate ETF Fund average daily net assets; 0.38% on the
Touchstone Aggressive ETF Fund next $50 million of average daily net
Touchstone Enhanced ETF Fund assets; and 0.36% of such assets in
excess of $100 million.
