BT INSTITUTIONAL FUNDS
NSAR-A/A, EX-27, 2000-08-30
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862157
<NAME> BT INSTITUTIONAL FUNDS
<SERIES>
   <NUMBER> 8
   <NAME> LIQUID ASSETS INSTITUTIONAL

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                       4399499777
<INVESTMENTS-AT-VALUE>                      4399499777
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             21901
<TOTAL-ASSETS>                              4399521678
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     25508821
<TOTAL-LIABILITIES>                           25508821
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    4373850527
<SHARES-COMMON-STOCK>                       4373850527
<SHARES-COMMON-PRIOR>                       3319407393
<ACCUMULATED-NII-CURRENT>                       152650
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           9680
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                4374012857
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                               121087344
<EXPENSES-NET>                                  996117
<NET-INVESTMENT-INCOME>                      120091227
<REALIZED-GAINS-CURRENT>                        (7936)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        120083291
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (120091227)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     8288097148
<NUMBER-OF-SHARES-REDEEMED>                 7233654014
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      1054435198
<ACCUMULATED-NII-PRIOR>                         152650
<ACCUMULATED-GAINS-PRIOR>                        17616
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1163789
<AVERAGE-NET-ASSETS>                        3788339756
<PER-SHARE-NAV-BEGIN>                            1.000
<PER-SHARE-NII>                                  0.030
<PER-SHARE-GAIN-APPREC>                          0.000
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.030
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              1.000
<EXPENSE-RATIO>                                  0.160


</TABLE>


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