BT INSURANCE FUNDS TRUST
EAFE(r) Equity Index Fund
Equity 500 Index Fund
Small Cap Index Fund
Supplement to each Fund's Prospectus dated April 30, 1999
This supplement provides new and additional information beyond that contained
in each Prospectus. It should be retained and read in conjunction with each
Prospectus.
The following information replaces similar information found in the section
"Management of the Fund" in each Fund's Prospectus:
Prior to June 4, 1999, Bankers Trust Company was a wholly owned subsidiary of
Bankers Trust Corporation. On June 4, 1999, Bankers Trust Corporation merged
with and into a subsidiary of Deutsche Bank AG. Deutsche Bank AG is a major
global banking institution that is engaged in a wide range of financial
services, including investment management, mutual funds, retail and
commercial banking, investment banking and insurance. Because Deutsche Bank
AG, as Bankers Trust's new parent company, controls its operations as
investment adviser, the Fund's shareholders will be asked to approve a new
investment advisory agreement. A Special Meeting of Shareholders will be
held for this purpose. Bankers Trust believes that, under this new
arrangement, the services provided to the Fund will be maintained at their
current level.
The following revises the section "Management of the Fund: Portfolio
Manager(s)" in each Fund's Prospectus:
The "Portfolio Manager(s)" section is hereby omitted.
July 15, 1999
Please Retain This Supplement for Future Reference
BT INSURANCE FUNDS TRUST
International Equity Fund
Small Cap Fund
U.S. Bond Index Fund
Supplement to each Fund's Prospectus dated April 30, 1999
This supplement provides new and additional information beyond that contained
in each Prospectus. It should be retained and read in conjunction with each
Prospectus.
The following information replaces similar information found in the section
"Management of the Fund" in each Fund's Prospectus:
Prior to June 4, 1999, Bankers Trust Company was a wholly owned subsidiary of
Bankers Trust Corporation. On June 4, 1999, Bankers Trust Corporation merged
with and into a subsidiary of Deutsche Bank AG. Deutsche Bank AG is a major
global banking institution that is engaged in a wide range of financial
services, including investment management, mutual funds, retail and
commercial banking, investment banking and insurance. Because Deutsche Bank
AG, as Bankers Trust's new parent company, controls its operations as
investment adviser, the Fund's shareholders will be asked to approve a new
investment advisory agreement. A Special Meeting of Shareholders will be
held for this purpose. Bankers Trust believes that, under this new
arrangement, the services provided to the Fund will be maintained at their
current level.
The following revises the section "Management of the Fund: Portfolio
Manager(s)" in each Fund's Prospectus:
The "Portfolio Manager(s)" section is hereby omitted.
July 15, 1999
Please Retain This Supplement for Future Reference
