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028 D040800 158774
028 E010800 446504
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028 E040800 329256
028 F010800 936703
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028 F040800 499840
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028 G040800 2341719
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045 000800 N
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058 A000800 N
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060 B000800 Y
061 000800 1000000
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<PAGE> PAGE 22
062 G000800 0.0
062 H000800 0.0
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062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
<PAGE> PAGE 23
070 R010800 N
070 R020800 N
071 A000800 0
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072 X000800 1270
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<PAGE> PAGE 24
074 I000800 3801440
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074 M000800 10
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075 A000800 3190376
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028 A011000 0
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<PAGE> PAGE 25
028 G031000 0
028 G041000 0
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045 001000 N
048 001000 0.000
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062 R001000 0.0
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
<PAGE> PAGE 26
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
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070 N011000 N
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070 R021000 N
071 A001000 0
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<PAGE> PAGE 27
072 M001000 0
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<PAGE> PAGE 28
074 V021000 0.00
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028 A011200 417563
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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070 G021200 N
070 H011200 N
070 H021200 N
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070 K021200 N
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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SIGNATURE EDWARD VEILLEUX
TITLE PRINCIPAL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000862157
<NAME> BT INSTITUTIONAL LIQUID ASSET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<OTHER-INCOME> 0
<EXPENSES-NET> 790,079
<NET-INVESTMENT-INCOME> 87,230,184
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000862157
<NAME> BT INSTITUTIONAL CASH RESERVES FUND
<S> <C>
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<PERIOD-END> JUN-30-1998
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<NUMBER-OF-SHARES-SOLD> 17,526,475,000
<NUMBER-OF-SHARES-REDEEMED> (16,960,101,327)
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<ACCUMULATED-NII-PRIOR> 0
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<AVERAGE-NET-ASSETS> 2,276,557,617
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
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<EXPENSE-RATIO> 0.18
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000862157
<NAME> BT INSTITUTIONAL TREASURY MONEY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<NUMBER-OF-SHARES-REDEEMED> (9,048,924,307)
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<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 530,538
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<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.25
<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> 0000862157
<NAME> BT INSTITUTIONAL CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,151,287,526
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<SHARES-COMMON-PRIOR> 1,922,505,130
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,150,744,582
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<EXPENSES-NET> 527,034
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<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 716,590
<AVERAGE-NET-ASSETS> 2,124,996,248
<PER-SHARE-NAV-BEGIN> 1.00
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<EXPENSE-RATIO> 0.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000862157
<NAME> BT INSTITUTIONAL TREASURY ASSETS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 431,164,256
<INVESTMENTS-AT-VALUE> 431,164,256
<RECEIVABLES> 2,809,807
<ASSETS-OTHER> 6,009,816
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<TOTAL-LIABILITIES> 1,896,030
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 438,096,062
<SHARES-COMMON-STOCK> 438,096,062
<SHARES-COMMON-PRIOR> 94,385,809
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 0
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<NET-ASSETS> 438,084,849
<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 309,005
<NET-INVESTMENT-INCOME> 10,476,134
<REALIZED-GAINS-CURRENT> (11,497)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 10,464,637
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,476,134
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,270,421,664
<NUMBER-OF-SHARES-REDEEMED> (926,711,411)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 438,084,849
<ACCUMULATED-NII-PRIOR> 0
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<GROSS-EXPENSE> 537,917
<AVERAGE-NET-ASSETS> 391,969,377
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This Schedule contains Summary Financial Information extracted from the
Institutional Equity 500 Index Fund Semi Annual Report dated June 30, 1998 and
is qualified in its entirety by reference to such Semi Annual Report.
</LEGEND>
<CIK> 0000862157
<NAME> INSTITUTIONAL EQUITY 500 INDEX FUND
<SERIES>
<NUMBER> 3
<NAME> BT INSTITUTIONAL
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1959268904
<INVESTMENTS-AT-VALUE> 1959268904
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<TOTAL-ASSETS> 1987943131
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 900802975
<NET-ASSETS> 1968745085
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<SHARES-REINVESTED> 9441924
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<PER-SHARE-DIVIDEND> (.98)
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<PER-SHARE-NAV-END> 146.79
<EXPENSE-RATIO> 10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
