BT INVESTMENT FUNDS
NSAR-AT, 1996-05-29
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<PAGE>     
000 A000000 03/31/96
000 C000000 0000797657
000 D000000 Y
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 BT INVESTMENT FUNDS
001 B000000 811-4760
001 C000000 6174230800
002 A000000 6 ST JAMES AVE.
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003  000000 N
004  000000 N
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007 C010700  7
007 C020700 SHORT INTERMEDIATE U.S GOVERNMENT SEC FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C021100 INTERMEDIATE TAX FREE FUND
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<PAGE>      
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010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10006
011 A00AA01 SIGNATURE BROKER-DEALER SECURITIES,INC
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<PAGE>      
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<PAGE>      
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<PAGE>      
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<PAGE>      
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<PAGE>     
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<PAGE>     
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<PAGE>     
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<PAGE>     
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SIGNATURE   DAVID J. KEALEY                              
TITLE       SENIOR ADMINISTRATOR
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Short
Intermediate U.S. Government Securities Fund Semiannual Report dated March 31,
1996, and is qualified in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> SHORT INTERMEDIATE U.S. GOVERNMENT SECURITIES FUND
       
<S>                             <C>
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<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Finanacial Information extracted from the
Intermediate Tax Free Fund Semiannual Report dated March 31, 1996, and is
qualified in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> INTERMEDIATE TAX FREE FUND
       
<S>                             <C>
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<PERIOD-END>                               MAR-31-1996
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</TABLE>


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