BT PYRAMID MUTUAL FUNDS
NSAR-AT, 1996-05-29
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<PAGE>     
000 A000000 03/31/96
000 C000000 0000884463
000 D000000 Y
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000  PYRAMID
001 B000000 811-45973
001 C000000 8164354372
002 A000000 127 W.10TH
002 B000000 KANSAS CITY
002 C000000 MO
002 D010000 64105
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C010200  2
007 C010300  3
007 C020300 LIMITED TERM U.S. GOVERNMENT FUND
007 C030300 N
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 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
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
<PAGE>     
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
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007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10006
011 A00AA01 SIGNATURE BROKER-DEALER SECURITIES, INC
011 B00AA01 8-41134
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
012 B00AA01 84-XXXXXXX
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
013 A00AA01 COOPERS AND LYBRAND
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64105
013 B04AA01 1716
015 A00AA01 BANKERS 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   50
<PAGE>     
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
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020 C000010      0
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022 C000001         0
022 D000001         0
022 C000002         0
022 D000002         0
022 A000003 SHORT/INTERMEDIATE U.S. GOVERNMENT PORTFOLIO
022 B000003 04-3167398
022 C000003      4296
022 D000003      4418
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
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022 C000007         0
022 D000007         0
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022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000       4296
023 D000000       4418
024  00AA00 N
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025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
<PAGE>
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
039  00AA00 N
040  00AA00 Y
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
045  00AA00 N
048  00AA00  0.000
048 A01AA00        0
048 A02AA00 0.000
048 B01AA00        0
048 B02AA00 0.000
048 C01AA00        0
048 C02AA00 0.000
048 D01AA00        0
048 D02AA00 0.000
048 E01AA00        0
048 E02AA00 0.000
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
<PAGE>
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
055 A00AA00 N
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056  00AA00 N
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
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060 B00AA00 Y
061  00AA00    20000
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
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062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
077 A000000 N
078  000000 N
080 A00AA00 NATIONAL UNION INSURANCE COMPANY
080 C00AA00     7950
081 A00AA00 Y
081 B00AA00  22
082 A00AA00 Y
082 B00AA00       25
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
075 A000100        0
075 B000100        0
076  000100     0.00
075 A000200        0
075 B000200        0
<PAGE>
076  000200     0.00
028 A010300         0
028 A020300         0
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028 C040300         0
028 D010300      3737
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028 D040300      1288
028 E010300       235
028 E020300       138
028 E030300         0
028 E040300      1544
028 F010300       323
028 F020300       250
028 F030300         0
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028 G010300      4295
028 G020300       388
028 G030300         0
028 G040300      4392
028 H000300         0
070 A010300 Y
070 A020300 N
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070 B020300 N
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070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
<PAGE>
070 K020300 Y
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300         0
071 B000300         0
071 C000300         0
071 D000300    0
072 A000300  3
072 B000300        0
072 C000300        0
072 D000300        0
072 E000300      413
072 F000300        0
072 G000300       23
072 H000300        0
072 I000300        0
072 J000300        0
072 K000300        0
072 L000300        7
072 M000300        2
072 N000300       18
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        1
072 S000300        1
072 T000300        0
072 U000300        1
072 V000300        0
072 W000300        0
072 X000300       53
072 Y000300       30
072 Z000300      390
072AA000300       79
072BB000300        0
072CC010300        0
072CC020300      348
072DD010300      390
072DD020300        0
<PAGE>
072EE000300        0
073 A010300   0.1232
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        0
074 B000300        0
074 C000300        0
074 D000300        0
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300    29878
074 J000300        0
074 K000300       32
074 L000300        1
074 M000300       20
074 N000300    29931
074 O000300        0
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       39
074 S000300        0
074 T000300    29892
074 U010300     3029
074 U020300        0
074 V010300     9.87
074 V020300     0.00
074 W000300   0.0000
074 X000300       33
074 Y000300        0
075 A000300        0
075 B000300    31418
076  000300     0.00
SIGNATURE   DAVID J. KEALEY                              
TITLE       SENIOR ADMINISTRATOR
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Limited
Term U.S. Government Fund Semiannual Report dated March 31, 1996, and is
qualified in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000884463
<NAME> LIMITED TERM U.S. GOVERNMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                         29877952
<INVESTMENTS-AT-VALUE>                        29877952
<RECEIVABLES>                                    33071
<ASSETS-OTHER>                                   19904
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                29930927
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        39039
<TOTAL-LIABILITIES>                              39039
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      29892264
<SHARES-COMMON-STOCK>                          3029425
<SHARES-COMMON-PRIOR>                          3000289
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         105002
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (105378)
<NET-ASSETS>                                  29891888
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  413102
<EXPENSES-NET>                                   23430
<NET-INVESTMENT-INCOME>                         389672
<REALIZED-GAINS-CURRENT>                         79378
<APPREC-INCREASE-CURRENT>                     (348442)
<NET-CHANGE-FROM-OPS>                           120608
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       389672
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         431946
<NUMBER-OF-SHARES-REDEEMED>                     441895
<SHARES-REINVESTED>                              39085
<NET-CHANGE-IN-ASSETS>                           21996
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  53284
<AVERAGE-NET-ASSETS>                          30401418
<PER-SHARE-NAV-BEGIN>                             9.96
<PER-SHARE-NII>                                    .12
<PER-SHARE-GAIN-APPREC>                          (.09)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .12
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.87
<EXPENSE-RATIO>                                     60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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