<PAGE> PAGE 1
000 A000000 03/31/97
000 C000000 0000888779
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 INTERNATIONAL EQUITY PORTFOLIO
001 B000000 811-6702
001 C000000 4122887496
002 A000000 1001 LIBERTY AVENUE
002 B000000 PITTSBURG
002 C000000 PA
002 D010000 15222
002 D020000 3775
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 BANKERS TRUST COMPANY
008 B000001 A
008 C000001 801-XXXXXX
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10017
010 A000001 BANKERS TRUST COMPANY
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10006
011 A000001 FEDERATED SERVICES COMPANY
011 B000001 8-41134
011 C010001 PITTSBURG
011 C020001 PA
011 C030001 15222
011 C040001 3775
012 A000001 BANKERS TRUST COMPANY
012 B000001 84-XXXXXXX
<PAGE> PAGE 2
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10006
013 A000001 COOPERS & LYBRAND
013 B010001 KANSAS CITY
013 B020001 MO
013 B030001 64105
013 B040001 1716
015 A000001 BANKERS TRUST COMPANY
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10017
015 E030001 X
018 000000 Y
019 A000000 Y
019 B000000 63
019 C000000 BTTINFUNDS
020 A000001 1. S.G. WARBURG
020 B000001 13-3340045
020 C000001 77
020 A000002 2. MERRILL LYNCH
020 B000002 13-5674085
020 C000002 54
020 A000003 3. CHEUV DE VIRIEU
020 B000003 13-3867844
020 C000003 38
020 A000004 4. ROBERT FLEMING
020 B000004 13-3298866
020 C000004 37
020 A000005 5. DEUTSCHE MORGAN GRENFELL
020 B000005 13-2730828
020 C000005 20
020 A000006 6. BARING SECURITIES
020 B000006 04-2455153
020 C000006 20
020 A000007 7. GOLDMAN SACHS
020 B000007 13-5108880
020 C000007 17
020 A000008 8. J.P. MORGAN
020 B000008 13-3224016
020 C000008 17
020 A000009 9. ALBERTINI SECURITIES
020 C000009 14
020 A000010 10. PEREGRINE
020 B000010 13-3580644
020 C000010 14
021 000000 501
022 A000001 1. CHASE SECURITIES
022 B000001 13-3112953
022 C000001 63327
<PAGE> PAGE 3
022 D000001 12067
022 A000002 2. FUJI SECURITIES
022 B000002 36-2880742
022 C000002 10865
022 D000002 20057
022 A000003 3. DEAN WITTER
022 B000003 13-2650272
022 C000003 15982
022 D000003 10747
022 A000004 4. GX CLARKE
022 B000004 13-2969143
022 C000004 12920
022 D000004 13440
022 A000005 5. MERRILL LYNCH
022 B000005 13-5674085
022 C000005 15382
022 D000005 2208
022 A000006 6. SWISS BANK CORP
022 C000006 2497
022 D000006 11736
022 A000007 7. MORGAN STANLEY
022 B000007 13-2655998
022 C000007 10056
022 D000007 63
022 A000008 8. BANK OF AMERICA
022 B000008 94-1687665
022 C000008 971
022 D000008 8997
022 A000009 9. S.G. WARBURG
022 B000009 13-3340045
022 C000009 6288
022 D000009 0
022 A000010 10. DE SHAW
022 C000010 5345
022 D000010 877
023 C000000 159064
023 D000000 90819
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 N
026 C000000 Y
026 D000000 Y
026 E000000 N
<PAGE> PAGE 4
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 19999
028 A020000 0
028 A030000 0
028 A040000 3512
028 B010000 14357
028 B020000 0
028 B030000 0
028 B040000 6328
028 C010000 12188
028 C020000 0
028 C030000 0
028 C040000 5066
028 D010000 23496
028 D020000 0
028 D030000 0
028 D040000 5465
028 E010000 26674
028 E020000 0
028 E030000 0
028 E040000 5363
028 F010000 31651
028 F020000 0
028 F030000 0
028 F040000 7859
028 G010000 128365
028 G020000 0
028 G030000 0
028 G040000 33593
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
041 000000 N
042 A000000 0
<PAGE> PAGE 5
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.650
048 A010000 0
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048 B010000 0
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048 C010000 0
048 C020000 0.000
048 D010000 0
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048 E010000 0
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048 F010000 0
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048 G010000 0
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048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
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053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
<PAGE> PAGE 6
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
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056 000000 Y
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062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
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070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
<PAGE> PAGE 7
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 Y
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 150227
071 B000000 58681
071 C000000 202060
071 D000000 29
072 A000000 6
072 B000000 380
072 C000000 1256
072 D000000 0
072 E000000 0
072 F000000 708
072 G000000 163
072 H000000 0
072 I000000 0
072 J000000 0
072 K000000 0
072 L000000 0
072 M000000 0
072 N000000 0
072 O000000 0
072 P000000 0
<PAGE> PAGE 8
072 Q000000 0
072 R000000 5
072 S000000 3
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 10
072 X000000 889
072 Y000000 181
072 Z000000 928
072AA000000 2528
072BB000000 0
072CC010000 19154
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1739
074 B000000 0
074 C000000 14320
074 D000000 3023
074 E000000 218
074 F000000 262340
074 G000000 0
074 H000000 2243
074 I000000 0
074 J000000 3719
074 K000000 0
074 L000000 965
074 M000000 0
074 N000000 288567
074 O000000 4800
074 P000000 145
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074 R030000 0
074 R040000 1427
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074 T000000 282195
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074 V020000 0.00
074 W000000 0.0000
074 X000000 2
074 Y000000 0
<PAGE> PAGE 9
075 A000000 0
075 B000000 218486
076 000000 0.00
077 A000000 N
078 000000 N
080 A000000 NATIONAL UNION INSURANCE COMPANY
080 C000000 0
081 B000000 0
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
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086 F010000 0
086 F020000 0
SIGNATURE J. S. NEUMAN
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
International Equity Portfolio Semiannual Report dated March 31, 1997, and is
qualified in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000888779
<NAME> BT INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 241921073
<INVESTMENTS-AT-VALUE> 282142943
<RECEIVABLES> 4480167
<ASSETS-OTHER> 1752861
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 288375971
<PAYABLE-FOR-SECURITIES> 4814112
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1380756
<TOTAL-LIABILITIES> 6194868
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 243231119
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38949984
<NET-ASSETS> 282181103
<DIVIDEND-INCOME> 1256200
<INTEREST-INCOME> 379970
<OTHER-INCOME> 0
<EXPENSES-NET> 708133
<NET-INVESTMENT-INCOME> 928037
<REALIZED-GAINS-CURRENT> 2527572
<APPREC-INCREASE-CURRENT> 19139976
<NET-CHANGE-FROM-OPS> 22595585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 117367742
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 708133
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 888946
<AVERAGE-NET-ASSETS> 218485688
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
