As filed with the Securities and Exchange Commission on November 2, 1995
REGISTRATION NO. 33-44796
REGISTRATION NO. 811-6513
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 X
PRE-EFFECTIVE AMENDMENT NO.
POST-EFFECTIVE AMENDMENT NO. 10 X
AND/OR
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940 X
AMENDMENT NO. 11 X
(CHECK APPROPRIATE BOX OR BOXES)
THE BFM INSTITUTIONAL TRUST INC.
(Exact name of registrant as specified in charter)
345 PARK AVENUE
NEW YORK, NEW YORK 10154
(Address of Principal Executive Offices) (Zip Code)
(212) 754-5560
(Registrant's Telephone Number, Including Area Code)
RALPH L. SCHLOSSTEIN
345 PARK AVENUE
NEW YORK, NEW YORK 10154
(Name and Address of Agent for Service)
COPY TO:
RICHARD T. PRINS
SKADDEN, ARPS, SLATE, MEAGHER & FLOM
919 THIRD AVENUE
NEW YORK, NEW YORK 10022
Approximate date of proposed public offering:
It is proposed that this filing will become effective (check
appropriate box)
X immediately upon filing pursuant to paragraph (b), or
on (date) pursuant to paragraph (b), or
60 days after filing pursuant to paragraph (a), or
on (date) pursuant to paragraph (a) of Rule 485.
REGISTRANT HAS REGISTERED AN INDEFINITE NUMBER OF ITS SHARES
OF BENEFICIAL INTEREST PURSUANT TO RULE 24F-2 UNDER THE
INVESTMENT COMPANY ACT OF 1940, AS AMENDED, AND HAS FILED A RULE
24F-2 NOTICE WITH THE COMMISSION FOR ITS MOST RECENT FISCAL YEAR
ENDED JUNE 30, 1995.
SIGNATURES
Pursuant to the Requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets
all of the requirements for effectiveness of this Registration
Statement pursuant to Rule 485(b) under the Securities Act of 1933,
and has duly caused this Amendment to the Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in
the City of New York and State of New York on the 30th day of October,
1995.
THE BFM INSTITUTIONAL TRUST
INC.
By: /s/ James Grosfeld
___________________________
James Grosfeld, President
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to the Registration Statement has been signed below by the
following persons in the capacities indicated on October 30, 1995.
Signature Title
/s/ Kent Dixon Treasurer and Secretary
---------------------
Kent Dixon
* Director and Vice President
---------------------
Frank J. Fabozzi
/s/ James Grosfeld Director and President
----------------------
James Grosfeld
* By James Kong
----------------------------
(James Kong, Attorney-in-fact)
EXHIBIT INDEX
Exhibit
Number Description
8(c) Form of Custodian Services Agreement between the Registrant and
PFPC, Inc. and Letter Agreement.
9(g) Form of Transfer Agency and Service Agreement between the
Registrant and PFPC, Inc.
9(h) Form of Administration and Accounting Services Agreement
Agreement between the Registrant and PFPC, Inc.
11 Consent of Independent Auditors.
17(a) Power of Attorney.
17(b) Financial Data Schedule: Summary Financial Information.
EXHIBIT 17(b) FINANCIAL DATA SCHEDULE: SUMMARY FINANCIAL INFORMATION
ARTICLE 6 OF REGULATION S-X
Note: This Schedule contains Summary Financial
Information extracted from the financial statements
included in the Statement of Additional Information and
the related financial statement schedules included
elsewhere in the regustration statement and is qualified
in its entirety by reference to such financial
statements.
<TABLE>
<CAPTION>
The Short The Core The Multi-Sector
Duration Fixed Income Mortgage Securities
Item No. Item Description Portfolio Portfolio Portfolio III
6/30/95 6/30/95 6/30/95
<S> <C> <C> <C> <C>
6-03- Investments-cost 43,661,417 35,158,604 112,391,593
6-04-4 Investments 43,845,319 35,563,981 116,106,098
6-04-6 Receivables 0 0 0
6-04-8 Other assets 14,442,625 416,145 894,314
Balancing amount to 0 0 0
total assets
6-04-9 Total assets 58,287,944 35,980,126 117,000,412
6-04- Accounts payable for 2,521,918 3,734,414 4,105,014
securities
6-04-13 Senior long-term debt 0 0 0
Balancing amount to
total liabilities 11,279,794 54,908 85,733
6-04-14 Total liabilities 13,801,712 3,789,322 4,190,747
6-04-16 Senior equity
securities 0 0 0
6-04-16 Paid-in-capital
common share-
holders 44,796,695 31,984,207 105,744,137
6-04-16 Number of shares
or units current
period 4,524,485 3,267,452 105,616
6-04-16 Number of shares of
units prior period 3,218,902 1,336,096 25
6-04-17(a) Accumulated undis-
tributed net
investment income
(current year) 1,901 0 0
Overdistribution of net
investment income 0 0 0
6-04-17(b) Accumulated undis-
tributed net
realized gains
(losses) (496,266) (198,780) 3,568,972
Overdistribution of
realized gains 0 0 0
6-04-17(c) Accumulated net un-
realized appreciation
(depreciation) 183,902 405,377 3,496,556
6-04-19 Net assets 44,486,232 32,190,804 112,809,665
6-07-1(a) Dividend income 0 0 0
6-07-1(b) Interest income 2,277,815 1,165,125 5,888,966
6-07-1(c) Other income 0 0 111,768
6-07-2 Expenses - net 195,144 89,346 281,597
6-07-6 Net investment income
(loss) 2,082,671 1,075,779 5,719,137
6-07-7(a) Realized gains
(losses) on
investments 163,516 234,212 3,568,972
6-07-7(d) Net increase
(decrease) in
appreciation
(depreciation) 745,207 840,392 3,496,556
6-07-9 Net increase
(decrease) in net
assets resulting
from operations 2,991,394 2,150,383 12,784,665
6-09-2 Net equalization
charges and
credits 0 0 0
6-09-3(a) Distributions from
net investment
income 2,092,080 1,771,675 5,719,137
6-09-3(b) Distributions from
realized gains 27,706 0 0
6-09-3(c) Distributions from
other sources 0 0 0
6-09-4(b) Number of shares sold 3,732,764 1,971,644 100,000
6-09-4(b) Number of shares
redeemed 2,629,898 145,220 0
6-09-4(b) Number of shares
issued - rein-
vestment 202,717 104,932 5,591
6-09-5 Total increase
(decrease) 13,221,422 19,683,450 112,784,665
6-09-7 Accumulated un-
distributed net
investment income
(prior year) 11,310 7,981 0
6-04-17(b) Accumulated un-
distributed net
realized gains
(prior year) (632,076) (423,578) 0
Overdistribution
of net investment
income (prior year) 0 0 0
Overdistribution of
net realized
gains (prior year) 0 0 0
Form N-SAR
72F Gross advisory fees 102,707 56,894 189,677
72P Interest Expense 51,298 7,093 0
72X Total expenses
(gross) 359,046 283,604 337,866
75 Average net assets 34,236,000 16,247,000 103,332,000
Form N1A
3(a) Net asset value per
share beginning
of period 9.71 9.36 1,000.00
3(a) Net investment
income (loss) per
share 0.58 0.62 55.81
3(a) Net realized and
unrealized gain
(loss) per share 0.13 0.50 68.11
3(a) Dividends per share
from net
investment income 0.58 0.62 55.81
3(a) Distributions per
share from
realized gains 0.01 0.01 0
3(a) Per share returns of
capital and
distributions from
other sources 0 0 0
3(a) Net asset value per
share end of
period 9.83 9.85 1,068.11
3(a) Ratio of expenses to
average net
assets 0.57% 0.55% 0.37%
3(b) Average debt out-
standing during
period 1,437,000 424,000 0
3(b) Average debt out-
standing per
share 0.40 0.24 0
</TABLE>
