<PAGE> PAGE 1
000 A000000 09/30/99
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 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 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
008 A00AA01 BANKERS TRUST COMPANY
008 B00AA01 A
008 C00AA01 801-xxxxxx
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
<PAGE> PAGE 2
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
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10006
015 E03AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 57
019 C00AA00 BTTINFUNDS
020 A000001 GOLDMAN SACHS & CO.
020 B000001 13-5108880
020 C000001 6258
020 C000002 0
020 C000003 0
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020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 6258
022 A000001 PAINEWEBBER INC.
022 B000001 13-2638166
022 C000001 27106
022 D000001 21228
022 A000002 CHASE SECURITIES INC.
022 B000002 13-3112953
022 C000002 13015
022 D000002 13028
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003 22263
022 D000003 2008
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004 14393
022 D000004 201
022 A000005 BEAR STEARNS & CO., INC.
022 B000005 13-2625874
022 C000005 6094
<PAGE> PAGE 3
022 D000005 6266
022 A000006 PRUDENTIAL SECURITIES INC.
022 B000006 22-2347336
022 C000006 8858
022 D000006 0
022 A000007 MORGAN (J.P.) SECURITIES INC.
022 B000007 13-3224016
022 C000007 6797
022 D000007 848
022 A000008 DEUTSCHE BANK SECURITIES INC.
022 B000008 13-2730828
022 C000008 4246
022 D000008 3265
022 A000009 MORGAN STANLEY & CO., INC.
022 B000009 13-2655998
022 C000009 3077
022 D000009 2308
022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES INC.
022 B000010 13-5315200
022 C000010 1671
022 D000010 2161
023 C000000 108642
023 D000000 57062
024 00AA00 Y
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<PAGE> PAGE 4
042 B00AA00 0
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<PAGE> PAGE 5
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
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025 A000301 CHASE SECURITIES INC
025 B000301 13-3112953
025 C000301 E
025 D000301 641
025 A000302 MERRILL LYNCH, PIERCE, FENNER & SMITH INC
025 B000302 13-3674085
025 C000302 E
025 D000302 134
025 D000303 0
025 D000304 0
025 D000305 0
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<PAGE> PAGE 6
028 B040300 5097
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055 A000300 N
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056 000300 Y
057 000300 N
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062 B000300 15.1
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062 R000300 27.9
063 A000300 0
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064 A000300 N
064 B000300 N
066 A000300 N
067 000300 Y
068 A000300 N
<PAGE> PAGE 7
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
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070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
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 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
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070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 34337
071 B000300 33135
071 C000300 49375
071 D000300 67
072 A000300 6
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072 C000300 717
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<PAGE> PAGE 8
072 J000300 0
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073 A010300 0.0000
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074 A000300 3241
074 B000300 0
074 C000300 57618
074 D000300 19426
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074 L000300 452
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074 T000300 104823
<PAGE> PAGE 9
074 U010300 0
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074 Y000300 0
075 A000300 0
075 B000300 100668
076 000300 0.00
025 A000401 CHASE SECURITIES INC.
025 B000401 13-3112953
025 C000401 E
025 D000401 181
025 A000402 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000402 13-5674085
025 C000402 E
025 D000402 40
025 D000403 0
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028 A010400 4837
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028 B010400 8977
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028 B040400 4544
028 C010400 3511
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028 D010400 1009
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028 E010400 1290
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028 F040400 2797
028 G010400 21145
028 G020400 0
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<PAGE> PAGE 10
028 G040400 22895
028 H000400 0
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 Y
062 B000400 36.1
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
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062 K000400 0.0
062 L000400 16.1
062 M000400 12.8
062 N000400 11.8
062 O000400 0.0
062 P000400 7.3
062 Q000400 1.4
062 R000400 18.7
063 A000400 0
063 B000400 8.2
064 A000400 N
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066 A000400 N
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
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070 A020400 N
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070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 Y
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
<PAGE> PAGE 11
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 Y
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 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 24744
071 B000400 23927
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<PAGE> PAGE 12
072CC020400 0
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SIGNATURE CHARLES RIZZO
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
FINANCIAL DATA SCHEDULE
ARTICLE 6
CIK 0000906619
NAME Asset Management II Portfolio
PERIOD TYPE 6-MOS
FISCAL YEAR END 31-Mar-00
PERIOD END 30-Sep-99
INVESTMENTS AT COST 101,698,451
INVESTMENTS AT VALUE 106,262,571
RECEIVABLES 452,311
ASSETS OTHER 3,240,968
TOTAL ASSETS 109,955,850
PAYABLE FOR SECURITIES 4,819,316
OTHER ITEMS LIABILITIES 313,666
TOTAL LIABILITIES 5,132,982
PAID IN CAPITAL COMMON 100,051,061
SHARES COMMON CURRENT 0
SHARES COMMON PRIOR 0
ACCUMULATED NII CURRENT 0
ACCUMULATED NET GAINS 0
OVERDISTRIBUTION GAINS 0
ACCUM APPREC OR DEPREC 4,771,807
NET ASSETS 104,822,868
DIVIDEND INCOME 716,746
INTEREST INCOME 817,888
OTHER INCOME 0
EXPENSES NET 251,506
NET INVESTMENT INCOME 1,283,128
REALIZED GAINS CURRENT (957,162)
APPREC INCREASE CURRENT 327,884
NET CHANGE FROM OPS 653,850
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 27,084,208
UNDISTRIBUTED NII PRIOR 0
ACCUMULATED GAINS PRIOR 0
OVERDISTRIB NII PRIOR 0
OVERDIST NET GAINS PRIOR 0
GROSS ADVISORY FEES 272,464
GROSS EXPENSE 336,642
AVERAGE NET ASSETS 100,667,962
PER SHARE NAV BEGIN 0.00
PER SHARE NII 0.00
PER SHARE GAIN APPREC 0.00
PER SHARE DIVIDEND 0.00
PER SHARE DISTRIBUTIONS 0.00
RETURNS OF CAPITAL 0.00
PER SHARE NAV END 0.00
EXPENSE RATIO 0.60%
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
FINANCIAL DATA SCHEDULE
ARTICLE 6
CIK 906619
NAME Asset Management III Portfolio
PERIOD TYPE 6-MOS
FISCAL YEAR END 31-Mar-00
PERIOD END 30-Sep-99
INVESTMENTS AT COST 43,580,451
INVESTMENTS AT VALUE 44,606,690
RECEIVABLES 251,663
ASSETS OTHER 1,450,277
TOTAL ASSETS 46,308,630
PAYABLE FOR SECURITIES 3,326,487
OTHER ITEMS LIABILITIES 153,784
TOTAL LIABILITIES 3,480,271
PAID IN CAPITAL COMMON 41,660,837
SHARES COMMON CURRENT 0
SHARES COMMON PRIOR 0
ACCUMULATED NII CURRENT 0
ACCUMULATED NET GAINS 0
OVERDISTRIBUTION GAINS 0
ACCUM APPREC OR DEPREC 1,167,522
NET ASSETS 42,828,359
DIVIDEND INCOME 288,098
INTEREST INCOME 686,130
OTHER INCOME 0
EXPENSES NET 138,617
NET INVESTMENT INCOME 835,611
REALIZED GAINS CURRENT (799,055)
APPREC INCREASE CURRENT 43,629
NET CHANGE FROM OPS 80,185
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 (1,749,865)
UNDISTRIBUTED NII PRIOR 0
ACCUMULATED GAINS PRIOR 0
OVERDISTRIB NII PRIOR 0
OVERDIST NET GAINS PRIOR 0
GROSS ADVISORY FEES 150,167
GROSS EXPENSE 188,835
AVERAGE NET ASSETS 46,060,224
PER SHARE NAV BEGIN 0.00
PER SHARE NII 0.00
PER SHARE GAIN APPREC 0.00
PER SHARE DIVIDEND 0.00
PER SHARE DISTRIBUTIONS 0.00
RETURNS OF CAPITAL 0.00
PER SHARE NAV END 0.00
EXPENSE RATIO 0.60%
</TABLE>
