BT PYRAMID MUTUAL FUNDS
EQUITY APPRECIATION FUND
SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 1999
THE FOLLOWING REPLACES THE SECTION "MANAGEMENT OF THE FUND: PORTFOLIO MANAGER"
IN THE FUND'S PROSPECTUS:
Portfolio Manager. Mary P. Dugan, Vice President of Bankers Trust, is now the
portfolio manager of the Fund.
o Joined Bankers Trust in 1994.
o Served as co-manager of the Small Cap Portfolio from 1994 to 1999.
o Securities Analyst specializing in health care, capital goods and the
energy industries at Fred Alger Management from 1992 to 1994.
o 15 years of investment and financial research experience.
o Bachelors degree from the University of Rochester, MBA from New York
University, Chartered Financial Analyst.
MARCH 8, 1999
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
