Touchstone Funds Names New Sub-Advisor for Touchstone Growth Opportunities Fund

Westfield Capital Management Company, LLC is New Fund Manager

Jul 21, 2006, 01:00 ET from Touchstone Investments

    CINCINNATI, July 21 /PRNewswire/ -- Touchstone Investments announced
 today that Westfield Capital Management Company, LLC ("Westfield") has been
 named as the new sub-advisor of the Growth Opportunities Fund (the "Fund").
 The change is effective as of July 18, 2006.
     Westfield replaces Mastrapasqua Asset Management, Inc. as sub-advisor.
 William A. Muggia, the president and chief investment officer of Westfield,
 is the lead portfolio manager of the Fund. Muggia is assisted by a team of
 ten seasoned investment professionals. The Fund's principal investment
 strategies have been changed to reflect the investment process that
 Westfield employs for all of its strategies.
     The Fund invests in growth stocks that span the capitalization spectrum
 which Westfield believes has the potential to outperform the broad market
 as measured by the Russell 3000 Growth Index. Since Westfield's All-Cap
 Growth strategy's universe includes stocks of companies of all market
 capitalizations, the Fund's benchmark has been changed to reflect this
     "We believe our decision to bring Westfield on board as the sub-advisor
 to this Fund reflects our commitment to providing our shareholders with the
 best investment return possible," said Jim Grifo, president of Touchstone
 Investments. "The Westfield-Touchstone partnership historically has been
 successful for our investors in other areas; we look forward to working
 with this talented team on the Touchstone Growth Opportunities Fund as
     "Drawing on the collective experience and expertise of Westfield's
 Investment Committee, we seek to build a "best ideas" portfolio," said
 Muggia. "Our All-Cap Growth Strategy allows us to shift assets to the most
 attractive segments of the market based on fundamental research and current
 market and economic conditions."
     Westfield is also the sub-advisor to the Touchstone Mid Cap Growth
 Fund, and has served in this capacity since its inception in 1994.
     An investor should carefully consider the investment objectives, risks,
 charges and expenses found in the prospectus. For a prospectus containing
 complete information about a Touchstone Fund and a performance fact sheet,
 contact your financial professional or Touchstone at 800.638.8194. Please
 read the prospectus carefully before investing or sending money.
     About Touchstone Investments(R)
     With more than $8.0 billion in assets under management, Touchstone
 Investments, comprised of Touchstone Securities, Inc. and Touchstone
 Advisors, Inc., provides a variety of mutual fund solutions across the
 investment spectrum. Touchstone Investments is adept at identifying the
 needs of investment professionals, designing innovative products, and
 delivering a selection of premier money managers who act in a sub-advisory
 capacity. Touchstone Investments offers a disciplined approach with proven
 results focused on consistent performance. The Touchstone Funds and
 Constellation Funds are advised by Touchstone Advisors, a registered
 investment advisor, and are distributed nationally through broker-dealers,
 financial planners and financial institutions by Touchstone Securities(1),
 Inc., Cincinnati, Ohio. Touchstone Advisors and Touchstone Securities are
 each a part of the Western & Southern Financial Group, (R) whose heritage
 dates back to 1888 and whose assets owned or under management now exceed
 $39 billion. For more information about Touchstone Investments please visit For more information about
 Constellation Funds Group, please visit
     About Westfield Capital Management Company, LLC
     Westfield specializes in domestic growth equities, employing in-depth,
 bottom-up fundamental research to uncover solid, rapidly growing companies
 that have yet to be fully recognized by the market. The Boston-based firm,
 which has been a registered investment advisor since 1989, is dedicated
 exclusively to asset management services for institutions and wealthy
     (1) A registered broker-dealer and member NASD/SIPC

SOURCE Touchstone Investments