<PAGE> PAGE 1
000 B000000 03/31/99
000 C000000 0000797657
000 D000000 N
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000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
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001 B000000 811-4760
001 C000000 4108953709
002 A000000 1 SOUTH STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
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007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C021200 LIFECYCLE LONG RANGE FUND
007 C031200 N
007 C011300 13
007 C021300 LIFECYCLE MID RANGE FUND
007 C031300 N
007 C011400 14
007 C021400 LIFECYCLE SHORT RANGE FUND
007 C031400 N
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
<PAGE> PAGE 2
010 C03AA01 10006
011 A00AA01 FEDERATED SERVICES COMPANY
011 B00AA01 8-41134
011 C01AA01 PITTSBURGH
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 PRICEWATERHOUSE COOPERS LLP
013 B01AA01 BALTIMORE
013 B02AA01 MD
013 B03AA01 21202
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 56
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
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022 A000001 ASSET MANAGEMENT PORTFOLIO I
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022 C000002 75131
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022 C000003 63819
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<PAGE> PAGE 3
022 C000005 0
022 D000005 0
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<PAGE> PAGE 4
045 00AA00 N
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055 A00AA00 N
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058 E00AA00 N
059 00AA00 Y
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062 J00AA00 0.0
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<PAGE> PAGE 5
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 N
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068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
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070 E02AA00 N
070 F01AA00 Y
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<PAGE> PAGE 6
080 A00AA00 NATIONAL UNION INSURANCE COMPANY
080 C00AA00 16000
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081 B00AA00 22
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028 C021200 29581
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028 G011200 28754
028 G021200 30322
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028 H001200 0
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<PAGE> PAGE 7
072 G001200 909
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072 Z001200 3530
072AA001200 6410
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<PAGE> PAGE 8
074 R041200 91
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076 001200 0.00
028 A011300 2092
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<PAGE> PAGE 9
072 F001300 0
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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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SIGNATURE BRIAN WIXTED
TITLE PRINCIPAL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797657
<NAME> LIFECYCLE SHORT RANGE FUND
<S> <C>
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<SHARES-COMMON-PRIOR> 5,045,994
<ACCUMULATED-NII-CURRENT> (84,219)
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<ACCUMULATED-NET-GAINS> (1,038,722)
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<ACCUM-APPREC-OR-DEPREC> 1,123,891
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<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 2,263,408
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<NET-INVESTMENT-INCOME> 2,035,546
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<NUMBER-OF-SHARES-REDEEMED> 6,155,471
<SHARES-REINVESTED> 699,312
<NET-CHANGE-IN-ASSETS> (4,875,798)
<ACCUMULATED-NII-PRIOR> 278,133
<ACCUMULATED-GAINS-PRIOR> 3,794,327
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<OVERDIST-NET-GAINS-PRIOR> 0
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<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797657
<NAME> BT INVESTMENT LIFECYCLE LONG RANGE FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 133,500,596
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<NET-INVESTMENT-INCOME> 3,529,713
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<DISTRIBUTIONS-OF-INCOME> 6,591,809
<DISTRIBUTIONS-OF-GAINS> 26,078,487
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<NUMBER-OF-SHARES-REDEEMED> (7,082,887)
<SHARES-REINVESTED> 4,158,962
<NET-CHANGE-IN-ASSETS> (5,250,983)
<ACCUMULATED-NII-PRIOR> 304,495
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 952,264
<AVERAGE-NET-ASSETS> 140,789,666
<PER-SHARE-NAV-BEGIN> 14.57
<PER-SHARE-NII> 0.43
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<PER-SHARE-NAV-END> 12.57
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797657
<NAME> LIFECYCLE MID RANGE
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 77,738,644
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<OTHER-ITEMS-LIABILITIES> 231,405
<TOTAL-LIABILITIES> 231,405
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,387,702
<SHARES-COMMON-STOCK> 7,317,330
<SHARES-COMMON-PRIOR> 7,722,204
<ACCUMULATED-NII-CURRENT> (50,432)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,225,602)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,443,922
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<NET-CHANGE-FROM-OPS> 8,367,397
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,844,361)
<DISTRIBUTIONS-OF-GAINS> (16,554,308)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,930,477
<NUMBER-OF-SHARES-REDEEMED> (7,113,436)
<SHARES-REINVESTED> 1,778,085
<NET-CHANGE-IN-ASSETS> (17,547,503)
<ACCUMULATED-NII-PRIOR> 364,301
<ACCUMULATED-GAINS-PRIOR> 11,989,428
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 611,792
<AVERAGE-NET-ASSETS> 87,254,836
<PER-SHARE-NAV-BEGIN> 12.32
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.84
<PER-SHARE-DIVIDEND> 0.38
<PER-SHARE-DISTRIBUTIONS> 2.50
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.60
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
