INSTITUTIONAL DAILY ASSETS FUND
INSTITUTIONAL TREASURY ASSETS FUND
(Portfolios of BT Institutional Funds)
Supplement to Private Offering Memorandums dated October 31, 1997 and April
30, 1998
Effective August 11, 1998, ICC Distributors, Inc. will replace Edgewood
Services, Inc. ("Edgewood") as placement agent of the above-named investment
companies. ICC Distributors, Inc. is a registered broker/dealer with principal
offices at Two Portland Square, Portland, Maine 04101 and is not affiliated with
Bankers Trust. Accordingly, references throughout each prospectus to Edgewood
should be replaced with references to ICC Distributors, Inc. and its affiliates,
respectively, as appropriate. However, affiliates of Edgewood may continue to
perform certain fund administration duties, at Bankers Trust's expense.
July 17, 1998
EDGEWOOD SERVICES, INC.
Placement Agent
5800 CORPORATE DRIVE
PITTSBURGH, PA 15237-5829
(7/98)
