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<PAGE> PAGE 2
010 C030001 10006
011 A000001 SIGNATURE BROKER-DEALER SECURITIES, INC
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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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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SIGNATURE JAMES S. LELKO, JR.
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Investment Funds International Equity Portfolio Annual Report dated September
30, 1995, and is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000797657
<NAME> BT INVESTMENT FUNDS
<SERIES>
<NUMBER> 5
<NAME> INTERNATIONAL EQUITY FUND
<S> <C>
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</TABLE>
