BT INVESTMENT FUNDS
PRESERVATIONPLUS INCOME FUND
SUPPLEMENT TO PROSPECTUS DATED OCTOBER 27, 1998
THE FOLLOWING SUPPLEMENTS THE SECTION "INVESTMENT OBJECTIVES, POLICIES,
PRACTICES AND RISK FACTORS" IN THE FUND'S PROSPECTUS:
YEAR 2000 RISK. As with most businesses, the Fund faces the risk that the
computer systems of its Investment Adviser, other companies on which it relies
for service and issuers in which it invests will not accommodate the changeover
necessary from dates in the year 1999 to dates in the year 2000. These risks
could adversely affect:
o the issuers in which the Fund invests, which could impact the value of the
Fund's investments;
o our ability to service your Fund account, including our ability to meet
your requests to buy and sell Fund shares; and
o our ability to trade securities held by the Fund or to accurately price
securities held by the Fund.
We are working both internally and with our business partners and service
providers to address this problem. If we--or our business partners, service
providers, government agencies or other market participants--do not succeed, iT
could materially affect shareholder services or the value of the Fund's shares.
MARCH 8, 1999
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
