<PAGE> PAGE 1
000 A000000 03/31/98
000 C000000 0000895571
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000 F000000 Y
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000 J000000 A
001 A000000 CAPITAL APPRECIATION PORTFOLIO
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001 C000000 4122887496
002 A000000 1001 LIBERTY AVENUE
002 B000000 PITTSBURG
002 C000000 PA
002 D010000 15222
002 D020000 3775
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004 000000 N
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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008 A000001 BANKERS TRUST COMPANY
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008 D010001 NEW YORK
008 D020001 NY
008 D030001 10017
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010 C020001 NY
010 C030001 10006
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012 C010001 NEW YORKITY
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 59
019 C000000 BTTINFUNDS
020 A000001 1. ROBINSON HUMPHREY
020 B000001 58-1472560
020 C000001 9
020 A000002 2. MERRILL LYNCH
<PAGE> PAGE 4
020 B000002 13-5674085
020 C000002 9
020 A000003 3. HOENIG & CO.
020 B000003 13-2656060
020 C000003 8
020 A000004 4. BRIDGE TRADING
020 B000004 43-1450530
020 C000004 7
020 A000005 5. PAINE WEBBER
020 B000005 13-2638166
020 C000005 6
020 A000006 6. GERARD KLAUER
020 B000006 13-3459853
020 C000006 4
020 A000007 7. JEFFERIES & CO.
020 B000007 95-2622900
020 C000007 3
020 A000008 8. FURMAN SELZ
020 B000008 13-2753731
020 C000008 2
020 A000009 9. U.S. TRUST
020 C000009 2
020 A000010 10. RAYMOND JAMES
020 B000010 59-1237041
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022 C000001 1524
022 D000001 1867
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022 C000002 1074
022 D000002 2280
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022 C000003 1494
022 D000003 1786
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022 B000004 13-2932996
022 C000004 1998
022 D000004 978
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022 C000005 1124
022 D000005 1463
022 A000006 6. MORGAN STANLEY
022 B000006 13-2655998
022 C000006 1117
022 D000006 1444
022 A000007 7. CREDIT SUISSE
<PAGE> PAGE 5
022 C000007 800
022 D000007 1321
022 A000008 8. DONALDSON, LUFKIN, JENRETTE
022 B000008 13-2741729
022 C000008 653
022 D000008 1430
022 A000009 9. GOLDMAN SACHS
022 B000009 13-5108880
022 C000009 1120
022 D000009 584
022 A000010 10. MERRILL LYNCH
022 B000010 13-5674085
022 C000010 1543
022 D000010 127
023 C000000 20187
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024 000000 N
025 D000001 0
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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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<PAGE> PAGE 10
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<PAGE> PAGE 11
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SIGNATURE JAY S. NEUMAN
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the BT
Capital Appreciation Portfolio Semiannual Report dated March 31, 1998, and
is qualified in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000895571
<NAME> BT CAPITAL APPRECIATION PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 27904209
<INVESTMENTS-AT-VALUE> 38321897
<RECEIVABLES> 1659965
<ASSETS-OTHER> (1192019)
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<TOTAL-ASSETS> 38789843
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<TOTAL-LIABILITIES> 182677
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<NET-INVESTMENT-INCOME> (12596)
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<EXPENSE-RATIO> 60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
