BT PYRAMID MUTUAL FUNDS
NSAR-B, 1998-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000884463
000 D000000 N
000 E000000 NF
000 F000000 Y
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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  2
007 C010100  1
007 C020100 INVESTMENT MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 EQUITY 500 INDEX FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
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<PAGE>      PAGE  2
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010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10006
011 A00AA01 FEDERATED SERVICES COMPANY
011 B00AA01 8-15561
011 C01AA01 PITTSBURG
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3775
012 A00AA01 BANKERS TRUST COMPANY
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013 B01AA01 KANSAS CITY
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013 B04AA01 1716
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
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015 C02AA01 NY
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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080 A00AA00 NATIONAL UNION INSURANCE COMPANY
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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SIGNATURE   JAY S. NEUMAN                                
TITLE       SECRETARY           
 


<TABLE> <S> <C>


<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Equity 500 Index Fund Annual Report dated December 31, 1997 and
is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000884463
<NAME> BT PYRAMID FUND
<SERIES>
   <NUMBER> 2
   <NAME> BT PYRAMID EQUITY 500 INDEX FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        646293525
<INVESTMENTS-AT-VALUE>                       646293525
<RECEIVABLES>                                  2377773
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</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Pyramid Investment Money Market Fund Annual Report dated December 31, 1997
and is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000884463
<NAME> BT PYRAMID FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> BT PYRAMID INVESTMENT MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        425346726
<INVESTMENTS-AT-VALUE>                       425346726
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<TOTAL-ASSETS>                               426876492
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<PER-SHARE-NAV-BEGIN>                             1.00
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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