<PAGE> PAGE 1
000 A000000 09/30/98
000 C000000 000906619
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 BT INVESTMENT PORTFOLIOS
001 B000000 811-7774
001 C000000 4108953709
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 C020300 ASSET MANAGEMENT PORTFOLIO II
007 C030300 N
007 C010400 4
007 C020400 ASSET MANAGEMENT PORTFOLIO III
007 C030400 N
007 C010500 5
007 C010600 6
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
008 A00AA01 BANKERS TRUST COMPANY
008 B00AA01 A
008 C00AA01 801-xxxxxx
008 D01AA01 NEW YORK
008 D02AA01 NY
<PAGE> PAGE 2
008 D03AA01 10006
010 A00AA01 BANKERS TRUST COMPANY
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10006
011 A00AA01 FEDERATED SERVICES COMPANY
011 B00AA01 8-41134
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3775
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 21202
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10017
015 E03AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 59
019 C00AA00 BTTINFUNDS
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 PAINE WEBBER
022 B000001 13-2638166
022 C000001 59972
022 D000001 32317
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002 54426
022 D000002 3211
022 A000003 PRUDENTIAL BACHE
022 B000003 22-2347336
<PAGE> PAGE 3
022 C000003 56108
022 D000003 1061
022 A000004 CHASE SECURITIES
022 B000004 13-3112953
022 C000004 15125
022 D000004 15238
022 A000005 MERRILL LYNCH
022 B000005 13-5674085
022 C000005 11370
022 D000005 16849
022 A000006 BEAR STEARNS
022 B000006 13-3299429
022 C000006 11861
022 D000006 12189
022 A000007 LANSTON (AUBREY G.) & CO.
022 B000007 13-5552129
022 C000007 2045
022 D000007 3660
022 A000008 PERSHING DONALDSON LUFKIN, JENRETTE SEC. CORP
022 B000008 13-5315200
022 C000008 2644
022 D000008 1873
022 A000009 J.P. MORGAN
022 C000009 2471
022 D000009 1842
022 A000010 LEHMAN BROTHERS
022 C000010 1988
022 D000010 2251
023 C000000 218010
023 D000000 90491
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
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
<PAGE> PAGE 4
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
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
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
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
058 B00AA00 N
058 C00AA00 N
058 D00AA00 N
058 E00AA00 N
059 00AA00 Y
<PAGE> PAGE 5
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 NATIONAL UNION INSURANCE COMPANY
080 C00AA00 13150
081 A00AA00 Y
081 B00AA00 22
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010300 6003
028 A020300 0
028 A030300 0
028 A040300 6200
028 B010300 3648
028 B020300 0
028 B030300 0
028 B040300 1460
028 C010300 2448
028 C020300 0
028 C030300 0
028 C040300 9439
028 D010300 2721
028 D020300 0
028 D030300 0
028 D040300 7557
028 E010300 1681
028 E020300 0
028 E030300 0
<PAGE> PAGE 6
028 E040300 1792
028 F010300 3349
028 F020300 0
028 F030300 0
028 F040300 6084
028 G010300 19850
028 G020300 0
028 G030300 0
028 G040300 32532
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.650
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
<PAGE> PAGE 7
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 N
067 000300 Y
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 51508
071 B000300 51402
071 C000300 46548
<PAGE> PAGE 8
071 D000300 111
072 A000300 6
072 B000300 1592
072 C000300 215
072 D000300 0
072 E000300 0
072 F000300 298
072 G000300 46
072 H000300 0
072 I000300 0
072 J000300 0
072 K000300 0
072 L000300 0
072 M000300 1
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 1
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 5
072 X000300 351
072 Y000300 76
072 Z000300 1532
072AA000300 2960
072BB000300 0
072CC010300 0
072CC020300 2765
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 3495
074 B000300 0
074 C000300 40128
074 D000300 39054
074 E000300 0
074 F000300 6222
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 4417
074 K000300 0
074 L000300 466
074 M000300 0
<PAGE> PAGE 9
074 N000300 93782
074 O000300 9618
074 P000300 42
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 6
074 S000300 0
074 T000300 84116
074 U010300 0
074 U020300 0
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
074 X000300 2
074 Y000300 0
075 A000300 0
075 B000300 90810
076 000300 0.00
028 A010400 7133
028 A020400 0
028 A030400 0
028 A040400 3191
028 B010400 2642
028 B020400 0
028 B030400 0
028 B040400 1853
028 C010400 1907
028 C020400 0
028 C030400 0
028 C040400 3662
028 D010400 2536
028 D020400 0
028 D030400 0
028 D040400 2898
028 E010400 3985
028 E020400 0
028 E030400 0
028 E040400 2065
028 F010400 4584
028 F020400 0
028 F030400 0
028 F040400 3666
028 G010400 22787
028 G020400 0
028 G030400 0
028 G040400 17335
028 H000400 0
045 000400 Y
046 000400 N
<PAGE> PAGE 10
047 000400 Y
048 000400 0.650
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 N
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
<PAGE> PAGE 11
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 Y
070 F010400 Y
070 F020400 Y
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 35434
071 B000400 36818
071 C000400 19712
071 D000400 180
072 A000400 6
072 B000400 1240
072 C000400 49
072 D000400 0
072 E000400 0
072 F000400 176
072 G000400 27
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
<PAGE> PAGE 12
072 L000400 0
072 M000400 1
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 5
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 1
072 X000400 210
072 Y000400 47
072 Z000400 1126
072AA000400 1454
072BB000400 0
072CC010400 0
072CC020400 116
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 1759
074 B000400 0
074 C000400 45052
074 D000400 12399
074 E000400 0
074 F000400 6222
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 2963
074 K000400 0
074 L000400 245
074 M000400 0
074 N000400 68640
074 O000400 11290
074 P000400 28
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 6
074 S000400 0
074 T000400 57316
074 U010400 0
074 U020400 0
<PAGE> PAGE 13
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 2
074 Y000400 0
075 A000400 0
075 B000400 54162
076 000400 0.00
SIGNATURE BRIAN WIXTED
TITLE PRINCIPAL
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906619
<NAME> ASSET MANAGEMENT II PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 86,560,440
<INVESTMENTS-AT-VALUE> 85,404,457
<RECEIVABLES> 8,378,035
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 93,782,492
<PAYABLE-FOR-SECURITIES> 9,617,841
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 74,498,609
<TOTAL-LIABILITIES> 84,116,450
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85,036,476
<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> (920,026)
<NET-ASSETS> 84,116,450
<DIVIDEND-INCOME> 214,884
<INTEREST-INCOME> 1,591,881
<OTHER-INCOME> 0
<EXPENSES-NET> 274,710
<NET-INVESTMENT-INCOME> 1,532,055
<REALIZED-GAINS-CURRENT> 2,960,269
<APPREC-INCREASE-CURRENT> (2,765,459)
<NET-CHANGE-FROM-OPS> 1,726,865
<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> 1,363,819
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 297,602
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 350,838
<AVERAGE-NET-ASSETS> 90,810,262
<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> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000609919
<NAME> ASSET MANAGEMENT III PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 63,684,174
<INVESTMENTS-AT-VALUE> 63,673,018
<RECEIVABLES> 3,208,912
<ASSETS-OTHER> 1,758,561
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,640,491
<PAYABLE-FOR-SECURITIES> 11,290,004
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,048
<TOTAL-LIABILITIES> 11,324,052
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,859,253
<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> 457,186
<NET-ASSETS> 57,316,439
<DIVIDEND-INCOME> 49,376
<INTEREST-INCOME> 1,239,757
<OTHER-INCOME> 0
<EXPENSES-NET> 162,683
<NET-INVESTMENT-INCOME> 1,126450
<REALIZED-GAINS-CURRENT> 1,454,264
<APPREC-INCREASE-CURRENT> (115,531)
<NET-CHANGE-FROM-OPS> 2,465,183
<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> 7,917,279
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 176,240
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210,406
<AVERAGE-NET-ASSETS> 54,161,653
<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> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
