0001093801-03-000014 Sample Contracts

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AMENDMENT NO. 4 TO INVESTMENT ADVISORY AGREEMENT BETWEEN TOUCHSTONE ADVISORS, INC. AND TOUCHSTONE VARIABLE SERIES TRUST
Investment Advisory Agreement • January 31st, 2003 • Touchstone Variable Series Trust

This Amendment No. 4 to Investment Advisory Agreement is dated as of December 31, 2002 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").

ARTICLE I
Touchstone Variable Series Trust • January 31st, 2003 • Touchstone Variable Series Trust
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