BT INVESTMENT FUNDS
NSAR-A, 1997-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000797657
000 D000000 N
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
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C020100 TAX FREE MONEY FUND
007 C030100 N
007 C010200  2
007 C020200 NY TAX FREE MONEY FUND
007 C030200 N
007 C010300  3
007 C020300 CASH MANAGEMENT FUND
007 C030300 N
007 C010400  4
007 C020400 TREASURY MONEY FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C021000 UTILITY FUND
007 C031000 N
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
<PAGE>      PAGE  2
007 C012000 20
007 C012100 21
007 C022100 100% TREASURY FUND
007 C032100 N
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
<PAGE>      PAGE  3
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10006
011 A00AA01 FEDERATED SERVICES COMPANY
011 B00AA01 8-15561
011 C01AA01 PITTSBURG
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3775
012 A00AA01 BANKERS TRUST COMPANY
012 B00AA01 84-xxxxxxx
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10006
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64105
013 B04AA01 1716
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10017
015 E03AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   63
<PAGE>      PAGE  4
019 C00AA00 BTTINFUNDS
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 TREASURY MONEY PORTFOLIO
022 B000001 04-3086681
022 C000001   3616632
022 D000001   3780230
022 A000002 CASH MANAGEMENT PORTFOLIO
022 B000002 04-3086682
022 C000002    916811
022 D000002    916034
022 A000003 TAX FREE PORTFOLIO
022 B000003 04-3086683
022 C000003    460085
022 D000003    456349
022 A000004 NEW YORK TAX FREE PORTFOLIO
022 B000004 04-3086683
022 C000004    197432
022 D000004    185272
022 A000005 UTILITY PORTFOLIO
022 B000005 04-3148802
022 C000005         0
022 D000005      1326
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000    5190960
023 D000000    5339211
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
<PAGE>      PAGE  5
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
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042 E00AA00   0
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<PAGE>      PAGE  6
048 F02AA00 0.000
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048 I01AA00        0
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048 J01AA00        0
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
058 A00AA00 N
058 B00AA00 N
058 C00AA00 N
058 D00AA00 N
058 E00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     2500
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
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062 I00AA00   0.0
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062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
077 A000000 N
078  000000 N
080 A00AA00 NATIONAL UNION INSURANCE COMPANY
080 C00AA00     7950
081 A00AA00 Y
081 B00AA00  22
082 A00AA00 Y
<PAGE>      PAGE  7
082 B00AA00       25
083 A00AA00 N
083 B00AA00        0
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066 A000100 N
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<PAGE>      PAGE  8
068 B000100 N
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070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100  6
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
074 U010100   123479
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066 A000200 N
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070 A020200 N
070 B010200 N
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070 C010200 N
070 C020200 N
070 D010200 N
<PAGE>      PAGE  11
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
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072 A000200  6
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<PAGE>      PAGE  12
072 S000200        3
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<PAGE>      PAGE  13
076  000200     0.00
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066 A000300 N
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<PAGE>      PAGE  14
070 I010300 N
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070 L020300 N
070 M010300 N
070 M020300 N
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070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
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<PAGE>      PAGE  15
072BB000300        1
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<PAGE>      PAGE  16
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070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
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070 L010400 N
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<PAGE>      PAGE  17
070 M020400 N
070 N010400 N
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<PAGE>      PAGE  18
073 C000400   0.0000
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<PAGE>      PAGE  19
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070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 Y
070 N021000 N
<PAGE>      PAGE  20
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000         0
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<PAGE>      PAGE  21
074 C001000        0
074 D001000        0
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000     6819
074 J001000        0
074 K001000        0
074 L001000        0
074 M001000        4
074 N001000     6823
074 O001000        0
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074 R031000        0
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028 A012100         0
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<PAGE>      PAGE  22
028 F012100         0
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028 F032100         0
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066 A002100 N
067  002100 N
068 A002100 N
068 B002100 N
069  002100 N
070 A012100 Y
070 A022100 N
070 B012100 N
070 B022100 N
070 C012100 N
070 C022100 N
070 D012100 N
070 D022100 N
070 E012100 N
070 E022100 N
070 F012100 N
070 F022100 N
070 G012100 N
070 G022100 N
070 H012100 N
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 N
070 J022100 N
070 K012100 Y
070 K022100 Y
070 L012100 N
070 L022100 N
070 M012100 N
070 M022100 N
070 N012100 Y
070 N022100 N
070 O012100 Y
070 O022100 N
070 P012100 Y
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 N
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071 A002100         0
<PAGE>      PAGE  23
071 B002100         0
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072BB002100        0
072CC012100        0
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072DD012100        0
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072EE002100        0
073 A012100   0.0000
073 A022100   0.0000
073 B002100   0.0000
073 C002100   0.0000
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074 C002100        0
074 D002100        0
074 E002100        0
074 F002100        0
074 G002100        0
074 H002100        0
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074 J002100        0
074 K002100        0
<PAGE>      PAGE  24
074 L002100        0
074 M002100        0
074 N002100        0
074 O002100        0
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074 U022100        0
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074 V022100     0.00
074 W002100   0.0000
074 X002100        0
074 Y002100        0
075 A002100        0
075 B002100        0
076  002100     0.00
SIGNATURE   JAY S. NEUMAN                                
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Utility Fund Semiannual Report dated June 30, 1997, and is
qualified in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT UTILITY FUND
<SERIES>
   <NUMBER> 10
   <NAME> BT INVESTMENT UTILITY FUND
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Funds Semiannual Report dated June 30, 1997, and is qualified in
its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> TREASURY MONEY FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Funds Semiannual Report dated June 30, 1997, and is qualified in
its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> NEW YORK TAX FREE FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Funds Semiannual Report dated June 30, 1997, and is qualified in
its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> CASH MANAGEMENT FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the
BT Investment Funds Semiannual Report dated June 30, 1997, and is qualified
in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> TAX FREE MONEY FUND
       
<S>                             <C>
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</TABLE>


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