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BT INSTITUTIONAL FUNDS International Equity Fund Class I Supplement to Prospectus dated April 1, 1997 Effective September 3, 1997, the required minimum initial investment for the Class I Shares of the International Equity Fund is $5 million. Accordingly, all references to the minimum initial investment in the Prospectus should be changed to $5 million. September 8, 1997 EDGEWOOD SERVICES, INC. Distributor <PAGE> Cusip: 055924856 SUPP499 (9/97)
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