<PAGE> PAGE 1
000 B000000 06/30/97
000 C000000 0000862157
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 BT INSTITUTIONAL FUNDS
001 B000000 811-06071
001 C000000 6174230800
002 A000000 1001 LIBERTY AVENUE
002 B000000 PITTSBURG
002 C000000 PA
002 D010000 15222
002 D020000 3775
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
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 C021100 INSTITUTIONAL DAILY ASSETS
007 C031100 N
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 BANKERS TRUST COMPANY
008 B00AA01 A
008 C00AA01 801-XXXXXX
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10017
<PAGE> PAGE 2
010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10006
011 A00AA01 FEDERATED SERVICES COMPANY
011 B00AA01 8-15561
011 C01AA01 PITTSBURG
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 COOPERS AND LYBRAND
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64105
013 B04AA01 1716
015 A00AA01 BANKER 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 63
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
020 C000010 0
021 000000 0
022 A000001 1. EUROBROKERS
022 B000001 13-2829720
022 C000001 20074377
022 D000001 0
022 A000002 2. DEUTSCHE BANK
022 B000002 13-2944988
022 C000002 6276817
022 D000002 16526
022 A000003 3. SWISS BANK CORP
022 B000003 13-2639550
<PAGE> PAGE 3
022 C000003 5990000
022 D000003 0
022 A000004 4. GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 5094259
022 D000004 9883
022 A000005 5. NATIONS BANK
022 B000005 75-0520130
022 C000005 5000000
022 D000005 0
022 A000006 6. CANADIAN IMPERIAL BANK OF COMMERCE
022 C000006 4428020
022 D000006 9999
022 A000007 7. MORGAN STANLEY
022 B000007 13-2655998
022 C000007 3443745
022 D000007 59639
022 A000008 8. TOYKO-MITSUBISHI
022 C000008 2626053
022 D000008 0
022 A000009 9. TORONTO DOMINION BANK
022 B000009 22-2203727
022 C000009 2171203
022 D000009 0
022 A000010 10. UBS
022 B000010 13-2932996
022 C000010 1897517
022 D000010 0
023 C000000 68634926
023 D000000 334843
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
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025 D00AA12 0
025 D00AA13 0
025 D00AA14 0
025 D00AA15 0
025 D00AA16 0
025 D00AA17 0
025 D00AA18 0
025 D00AA19 0
025 D00AA20 0
<PAGE> PAGE 4
025 D00AA21 0
025 D00AA22 0
025 D00AA23 0
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025 D00AA25 0
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025 D00AA32 0
025 D00AA33 0
025 D00AA34 0
025 D00AA35 0
025 D00AA36 0
025 D00AA37 0
025 D00AA38 0
025 D00AA39 0
025 D00AA40 0
025 D00AA41 0
025 D00AA42 0
025 D00AA43 0
025 D00AA44 0
025 D00AA45 0
025 D00AA46 0
025 D00AA47 0
025 D00AA48 0
026 A000000 N
026 B000000 N
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
<PAGE> PAGE 5
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 Y
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
<PAGE> PAGE 6
085 B00AA00 N
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
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028 A011100 506293
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028 A041100 463693
028 B011100 1041084
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028 B041100 447529
028 C011100 626093
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028 C041100 500100
028 D011100 784719
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028 D041100 528319
028 E011100 453448
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028 E041100 491185
028 F011100 698386
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028 F041100 365420
028 G011100 4110023
028 G021100 0
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028 G041100 2796246
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.100
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048 B011100 0
048 B021100 0.000
048 C011100 0
<PAGE> PAGE 7
048 C021100 0.000
048 D011100 0
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048 K011100 0
048 K021100 0.000
055 A001100 N
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056 001100 Y
057 001100 N
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060 A001100 Y
060 B001100 Y
061 001100 1000000
062 A001100 Y
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 15.6
062 G001100 8.8
062 H001100 0.0
062 I001100 33.8
062 J001100 19.6
062 K001100 0.0
062 L001100 22.2
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 30
063 B001100 0.0
064 A001100 N
064 B001100 N
070 A011100 Y
070 A021100 Y
070 B011100 N
<PAGE> PAGE 8
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 N
070 M021100 N
070 N011100 N
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 0
071 B001100 0
071 C001100 0
071 D001100 0
072 A001100 12
072 B001100 71780
072 C001100 0
072 D001100 0
072 E001100 0
072 F001100 1293
072 G001100 259
072 H001100 0
072 I001100 0
072 J001100 0
072 K001100 0
072 L001100 10
072 M001100 16
072 N001100 0
<PAGE> PAGE 9
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 21
072 S001100 4
072 T001100 0
072 U001100 16
072 V001100 0
072 W001100 13
072 X001100 1632
072 Y001100 80
072 Z001100 70228
072AA001100 7
072BB001100 0
072CC011100 0
072CC021100 0
072DD011100 70235
072DD021100 0
072EE001100 0
073 A011100 0.0269
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 1
074 B001100 0
074 C001100 2749487
074 D001100 0
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 10854
074 M001100 121
074 N001100 2760463
074 O001100 0
074 P001100 257
074 Q001100 0
074 R011100 0
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074 R031100 0
074 R041100 12150
074 S001100 0
074 T001100 2748056
074 U011100 0
074 U021100 0
074 V011100 0.00
074 V021100 0.00
074 W001100 0.9999
<PAGE> PAGE 10
074 X001100 1
074 Y001100 0
075 A001100 2051936
075 B001100 0
076 001100 0.00
SIGNATURE JAY S. NEUMAN
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Institutional Daily Assets Fund Annual Report dated June 30, 1997, and is
qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000862157
<NAME> INSTITUTIONAL DAILY ASSETS FUND
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> NOV-13-1996
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 2749486742
<INVESTMENTS-AT-VALUE> 2749486742
<RECEIVABLES> 10807365
<ASSETS-OTHER> 169142
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2760463249
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12406978
<TOTAL-LIABILITIES> 12406978
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2748057080
<SHARES-COMMON-STOCK> 2748057080
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 809
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2748056271
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 71779985
<OTHER-INCOME> 0
<EXPENSES-NET> 1551602
<NET-INVESTMENT-INCOME> 70228383
<REALIZED-GAINS-CURRENT> 6780
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 70235163
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 70235163
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6414724407
<NUMBER-OF-SHARES-REDEEMED> 3666667337
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2748056261
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1293002
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1631414
<AVERAGE-NET-ASSETS> 2051936275
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
