<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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SIGNATURE JAY S. NEUMAN
TITLE SECRETARY
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<CIK> 0000797657
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<CIK> 0000797657
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<CIK> 0000797657
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<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Funds Semiannual Report dated March 31, 1998, and is qualified
in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
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<NUMBER> 16
<NAME> BT INVESTMENT SMALL CAP FUND
<S> <C>
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<TABLE> <S> <C>
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<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Funds Semiannual Report dated March 31, 1998, and is qualified
in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
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<NUMBER> 18
<NAME> BT INVESTMENT LATIN AMERICAN EQUITY FUND
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<TABLE> <S> <C>
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<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Funds Semiannual Report dated March 31, 1998, and is qualified
in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
<SERIES>
<NUMBER> 17
<NAME> BT INVESTMENT PACIFIC BASIN EQUITY FUND
<S> <C>
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