BT PYRAMID MUTUAL FUNDS
497, 2000-05-11
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                                                     Deutsche Asset Management




BT Pyramid Mutual Funds
PreservationPlus - Institutional Class

Supplement dated May 11, 2000 to Prospectus dated January 31, 2000

The following sentences are hereby omitted from the "Who Should Consider
Investing in the Fund" and "Buying and Selling Fund Shares" sections of the
Fund's Institutional Class prospectus:

The shares are available to employee benefit plans whose initial investment
equals or exceeds $25 million.  Shares are also available to employee benefit
plans which invest in the Fund through an omnibus account or similar
arrangement, if that omnibus account or similar arrangement makes an initial
investment in the Fund of at least $25 million.


              Please Retain This Supplement for Future Reference

SUPP491 (5/00)

CUSIP:
055847818


                                                        A Member of the
                                                        Deutsche Bank Group [/]


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