<PAGE> PAGE 1
000 B000000 09/30/2000
000 C000000 0000884463
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BT PYRAMID MUTUAL FUNDS
001 B000000 811-6576
001 C000000 4108953761
002 A000000 1 SOUTH STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 EQUITY APPRECIATION FUND
007 C030500 Y
007 C010600 6
007 C020600 PRESERVATION PLUS FUND
007 C030600 N
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
<PAGE> PAGE 2
007 C012600 26
007 C012700 27
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
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
<PAGE> PAGE 3
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
008 A00AA01 BT FOR EQUITY APPRECIATION FUND
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10006
010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10006
011 A00AA01 ICC DISTRIBUTORS, INC.
011 B00AA01 8-48427
011 C01AA01 PORTLAND
011 C02AA01 ME
011 C03AA01 04101
012 A00AA01 BANKERS TRUST COMPANY
012 B00AA01 84-XXXXXXX
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10006
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BALTIMORE
013 B02AA01 MD
013 B03AA01 21201
013 A00AA02 ERNST & YOUNG, LLP
013 B01AA02 PHILADELPHIA
013 B02AA02 PA
013 B03AA02 19103
013 B04AA02 7096
014 A00AA01 B.T.C. CAPITAL MARKETS & INVESTMENTS, LTD
014 B00AA01 8-0000
014 A00AA02 BANKERS TRUST ARGENTINA S.A.
014 B00AA02 8-0000
014 A00AA03 BANKERS TRUST CASA DE BOLSA DE CV
014 B00AA03 8-0000
014 A00AA04 BANKERS TRUST CORREDORES DE BOLSA LIMITADA
014 B00AA04 8-0000
<PAGE> PAGE 4
014 A00AA05 BANKERS TRUST POLAND SP Z. O.O.
014 B00AA05 8-0000
014 A00AA06 BANKERS TRUST S.A. AGENTE DEL MERCADO ABIERTO
014 B00AA06 8-0000
014 A00AA07 BANKERS TRSUT SECURITIES (PACIFIC) LTD COOK
014 B00AA07 8-0000
014 A00AA08 BANKERS TRUST SECURITIES (PACIFIC) LIMITED HK
014 B00AA08 8-0000
014 A00AA09 BT (FAR EAST) LIMITED
014 B00AA09 8-0000
014 A00AA10 BT ALEX. BROWN AUSTRILIA LIMITED
014 B00AA10 8-0000
014 A00AA11 BT LEX. BROWN CANADA INCORPORATED
014 B00AA11 8- 0000
014 A00AA12 BT ASIA SECURITIES LIMITED
014 B00AA12 8-0000
014 A00AA13 BT BROKERAGE & ASSOCIATES PTE. LTD.
014 B00AA13 8-0000
014 A00AA14 BT BROKERAGE (PHILIPPINES), INC.
014 B00AA14 8-0000
014 A00AA15 BR BROKERAGE CORPORATION
014 B00AA15 8-0000
014 A00AA16 BT BROKERAGE NOMINEES PTE. LTD.
014 B00AA16 8-0000
014 A00AA17 BT CAPITAL LLC (RUSSIA)
014 B00AA17 8-0000
014 A00AA18 BT CASA DE CAMBIO, S.A. DE C.V.
014 B00AA18 8-0000
014 A00AA19 BT DEUTSCHE MORGAN GRENFELL ASIA INDONESIA
014 B00AA19 8-0000
014 A00AA20 BT DISTRIBUIDORA DE TITULOS E VALORES LTDA.
014 B00AA20 8-0000
014 A00AA21 BT EQUITIES (HK) LIMITED
014 B00AA21 8-0000
014 A00AA22 BT FINANCIAL TRADING
014 B00AA22 8-0000
014 A00AA23 BT FRANCE S.A.
014 B00AA23 8-0000
014 A00AA24 BT FUTURES (HK) LTD.
014 B00AA24 8-0000
014 A00AA25 BT FUTURES (SIGNAPORE) LTD.
014 B00AA25 8-0000
014 A00AA26 BT FUTURES CORP.
014 B00AA26 8-0000
014 A00AA27 BT NOTES LIMITED
014 B00AA27 8-0000
014 A00AA28 BT OPERA TRADING S.A.
014 B00AA28 8-0000
014 A00AA29 BT SECURITIES (EUROPE) LIMITED
014 B00AA29 8-0000
014 A00AA30 BT SECURITIES LIMITED
<PAGE> PAGE 5
014 B00AA30 8-0000
014 A00AA31 BTP SA CORRETORA DE CALORES MOBILARIOS
014 B00AA31 8-0000
014 A00AA32 DEUTSCHE BANC/ALEX. BEOWN INCORPORATED
014 B00AA32 8-0000
014 A00AA33 DEUTSCHE BANK CANADA
014 B00AA33 8-0000
014 A00AA34 DEUTSCHE BANK DE BARY NV
014 B00AA34 8-0000
014 A00AA35 DEUTSCHE BANK SECURITIES INC.
014 B00AA35 8-0000
014 A00AA36 DEUTSCHE MORGAN GRENFELL-KENANGA SDN GHD
014 B00AA36 8-0000
014 A00AA37 DEUTSCHE MORGAN GRENFELL ASIA PACIFIC HOLDING
014 B00AA37 8-0000
014 A00AA38 DEUTSCHE MORGAN GRENFELL PROPRIETARY LTD.
014 B00AA38 8-0000
014 A00AA39 DEUTSCHE MORGAN GRENFELL SECURITIES (THAILAN)
014 B00AA39 8-0000
014 A00AA40 DEUTSCHE MORGAN GTENFEL SECURITIES HONG KONG
014 B00AA40 8-0000
014 A00AA41 DEUTSCHE MORGAN GRENFELL SECURITIES PHILIPPIN
014 B00AA41 8-0000
014 A00AA42 DIDIER PHILIPPE S.A.
014 B00AA42 8-0000
014 A00AA43 K & N KENAGA SDN BHD
014 B00AA43 8-0000
014 A00AA44 MERCHAN GRENFELL & CO. LIMITED
014 B00AA44 8-0000
014 A00AA45 PT BINA TATALAKSANA PASIFIK
014 B00AA45 8-0000
014 A00AA46 TISCO SECURITIES HONG KONG LIMITED
014 B00AA46 8-0000
014 A00AA47 CALORES BANKERS TRUST C.A.
014 B00AA47 8-0000
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10006
015 E03AA01 X
018 00AA00 N
019 A00AA00 Y
019 B00AA00 48
019 C00AA00 BTTINFUNDS
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
<PAGE> PAGE 6
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 PRESERVATION PLUS PORTFOLIO
022 B000001 23-2871188
022 C000001 180308
022 D000001 210018
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 180308
023 D000000 210018
024 00AA00 N
026 A000000 N
026 B000000 N
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
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
<PAGE> PAGE 7
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
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
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
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 M000000 Y
078 000000 N
080 A00AA00 NAT'L UNION FIRE INS. CO. OF PITTSBURG, PA
080 C00AA00 20000
081 A00AA00 Y
081 B00AA00 22
082 A00AA00 Y
082 B00AA00 25
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
<PAGE> PAGE 8
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010500 0
028 A020500 0
028 A030500 0
028 A040500 0
028 B010500 0
028 B020500 0
028 B030500 0
028 B040500 0
028 C010500 0
028 C020500 0
028 C030500 0
028 C040500 0
028 D010500 0
028 D020500 0
028 D030500 0
028 D040500 0
028 E010500 0
028 E020500 0
028 E030500 0
028 E040500 0
028 F010500 0
028 F020500 0
028 F030500 0
028 F040500 0
028 G010500 0
028 G020500 0
028 G030500 0
028 G040500 0
028 H000500 0
045 000500 N
048 000500 0.000
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
<PAGE> PAGE 9
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
<PAGE> PAGE 10
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 6
072 B000500 0
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 0
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 0
072 K000500 0
072 L000500 0
072 M000500 0
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 0
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 0
072 Y000500 0
072 Z000500 0
072AA000500 0
072BB000500 0
072CC010500 0
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
<PAGE> PAGE 11
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 0
074 M000500 0
074 N000500 0
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 0
074 S000500 0
074 T000500 0
074 U010500 0
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 0
074 Y000500 0
075 A000500 0
075 B000500 0
076 000500 0.00
083 A000500 N
083 B000500 0
084 A000500 N
084 B000500 0
085 A000500 N
028 A010600 17379
028 A020600 3417
028 A030600 0
028 A040600 79004
028 B010600 67143
028 B020600 3029
028 B030600 0
028 B040600 18097
028 C010600 32949
028 C020600 3218
028 C030600 0
<PAGE> PAGE 12
028 C040600 99361
028 D010600 14728
028 D020600 2815
028 D030600 0
028 D040600 19091
028 E010600 11998
028 E020600 2952
028 E030600 0
028 E040600 12675
028 F010600 33237
028 F020600 2940
028 F030600 0
028 F040600 12488
028 G010600 177434
028 G020600 18371
028 G030600 0
028 G040600 240716
028 H000600 0
045 000600 N
048 000600 0.000
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
055 A000600 N
055 B000600 N
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 0
066 A000600 Y
<PAGE> PAGE 13
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 N
066 F000600 Y
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 12
<PAGE> PAGE 14
072 B000600 0
072 C000600 0
072 D000600 0
072 E000600 19642
072 F000600 0
072 G000600 394
072 H000600 0
072 I000600 243
072 J000600 0
072 K000600 0
072 L000600 5
072 M000600 4
072 N000600 6
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 15
072 S000600 2
072 T000600 0
072 U000600 45
072 V000600 0
072 W000600 3
072 X000600 717
072 Y000600 297
072 Z000600 19222
072AA000600 0
072BB000600 278
072CC010600 278
072CC020600 0
072DD010600 11277
072DD020600 7945
072EE000600 0
073 A010600 0.5800
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 309460
074 J000600 0
074 K000600 116
074 L000600 2845
074 M000600 250
074 N000600 312671
074 O000600 0
<PAGE> PAGE 15
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 2029
074 S000600 0
074 T000600 310642
074 U010600 19912
074 U020600 11151
074 V010600 10.00
074 V020600 10.00
074 W000600 0.0000
074 X000600 32
074 Y000600 0
075 A000600 0
075 B000600 343744
076 000600 0.00
083 A000600 N
083 B000600 0
084 A000600 N
084 B000600 0
085 A000600 N
SIGNATURE CHARLES RIZZO
TITLE VICE PRESIDENT
