<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
<SERIES>
<NUMBER> 2
<NAME> NY TAX FREE INVESTMENT
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-1-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 0
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<OTHER-ITEMS-LIABILITIES> (280597)
<TOTAL-LIABILITIES> (280597)
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<PAID-IN-CAPITAL-COMMON> 88340040
<SHARES-COMMON-STOCK> 88340040
<SHARES-COMMON-PRIOR> 73900335
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (38650)
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<OTHER-INCOME> 1468430
<EXPENSES-NET> (226109)
<NET-INVESTMENT-INCOME> 1242321
<REALIZED-GAINS-CURRENT> (5142)
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<NET-CHANGE-FROM-OPS> 1237179
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1242321)
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<NUMBER-OF-SHARES-SOLD> 236081412
<NUMBER-OF-SHARES-REDEEMED> (221910938)
<SHARES-REINVESTED> 269230
<NET-CHANGE-IN-ASSETS> 14434562
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (19862)
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<EXPENSE-RATIO> 0.750
</TABLE>