BT INVESTMENT PORTFOLIOS
NSAR-B, 1999-06-01
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<PAGE>      PAGE  1
000 B000000 03/31/99
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 PORTFOLIO
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
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 FEDERATED SERVICES COMPANY
011 B00AA01 8-41134
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
<PAGE>      PAGE  2
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   56
019 C00AA00 BTTINFUNDS
020 A000001 GOLDMAN SACHS & CO.
020 B000001 13-5108880
020 C000001     40
020 A000002 QUICK & REILLY, INC.
020 B000002 13-2779884
020 C000002     14
020 A000003 HERZOG, HEINE, GEDULD, INC.
020 B000003 13-1955436
020 C000003     13
020 A000004 MORGAN (J.P.) SECURITIES, INC.
020 B000004 13-3224016
020 C000004      5
020 A000005 INSTINET CORPORATION
020 B000005 13-3443395
020 C000005      3
020 A000006 CANTOR FITZGERALD & CO.
020 B000006 13-3680184
020 C000006      3
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       78
022 A000001 PAINEWEBBER INC.
022 B000001 13-2638166
022 C000001    120621
022 D000001     84605
022 A000002 PRUDENTIAL SECURITIES INC.
022 B000002 22-2347336
022 C000002     99198
022 D000002      4771
<PAGE>      PAGE  3
022 A000003 GOLDMAN SACHS & CO.
022 B000003 13-5108880
022 C000003     58372
022 D000003      4353
022 A000004 CHASE SECURITIES INC.
022 B000004 13-3112953
022 C000004     31005
022 D000004     30452
022 A000005 MERRILL LYNCH PIERCE, FENNER & SMITH INC.
022 B000005 13-3674085
022 C000005     20553
022 D000005     24391
022 A000006 BEAR STEARNS & CO., INC.
022 B000006 13-2625874
022 C000006     20517
022 D000006     20652
022 A000007 SALOMON SMITH BARNEY INC.
022 B000007 11-2418191
022 C000007     12664
022 D000007     13633
022 A000008 LEHMAN BROTHERS INC.
022 B000008 13-2518466
022 C000008      9787
022 D000008      8505
022 A000009 LANSTON (AUBREY G.) & CO., INC.
022 B000009 13-5552129
022 C000009      3955
022 D000009      5426
022 A000010 MORGAN (J.P.) SECURITIES INC.
022 B000010 13-3224016
022 C000010      4154
022 D000010      4336
023 C000000     519352
023 D000000     215842
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
<PAGE>      PAGE  4
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
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
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  0.650
048 A01AA00        0
048 A02AA00 0.000
048 B01AA00        0
048 B02AA00 0.000
048 C01AA00        0
048 C02AA00 0.000
048 D01AA00        0
048 D02AA00 0.000
048 E01AA00        0
048 E02AA00 0.000
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
<PAGE>      PAGE  5
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 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
060 A00AA00 Y
060 B00AA00 Y
061  00AA00        0
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078  000000 N
080 C00AA00    16000
081 A00AA00 Y
081 B00AA00  22
082 A00AA00 Y
082 B00AA00       25
083 A00AA00 N
083 B00AA00        0
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
<PAGE>      PAGE  6
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010300      3295
028 A020300         0
028 A030300         0
028 A040300      7160
028 B010300      3516
028 B020300         0
028 B030300         0
028 B040300      1414
028 C010300     19936
028 C020300         0
028 C030300         0
028 C040300     20124
028 D010300     22704
028 D020300         0
028 D030300         0
028 D040300     25684
028 E010300      3001
028 E020300         0
028 E030300         0
028 E040300      4561
028 F010300      3386
028 F020300         0
028 F030300         0
028 F040300     10263
028 G010300     55838
028 G020300         0
028 G030300         0
028 G040300     69206
028 H000300         0
055 A000300 N
055 B000300 N
056  000300 Y
057  000300 N
062 A000300 Y
062 B000300  19.9
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  20.6
062 M000300   7.1
062 N000300   8.8
062 O000300   0.0
062 P000300   7.0
062 Q000300   1.2
062 R000300  35.4
063 A000300   0
063 B000300  7.8
064 A000300 N
064 B000300 N
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 N
070 E020300 Y
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 Y
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 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
<PAGE>      PAGE  8
070 R020300 N
071 A000300     97364
071 B000300    101705
071 C000300     48263
071 D000300  202
072 A000300 12
072 B000300     2104
072 C000300     1174
072 D000300        0
072 E000300        0
072 F000300      568
072 G000300       88
072 H000300        0
072 I000300        0
072 J000300        0
072 K000300        0
072 L000300        0
072 M000300        4
072 N000300        0
072 O000300       34
072 P000300        3
072 Q000300        0
072 R000300        0
072 S000300        0
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300       10
072 X000300      707
072 Y000300      182
072 Z000300     2753
072AA000300     3365
072BB000300        0
072CC010300     2598
072CC020300        0
072DD010300        0
072DD020300        0
072EE000300        0
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300     3287
074 B000300        0
074 C000300    31461
074 D000300    18809
074 E000300        0
074 F000300    28957
074 G000300        0
074 H000300        0
074 I000300        0
<PAGE>      PAGE  9
074 J000300        0
074 K000300        0
074 L000300        0
074 M000300     3144
074 N000300    85658
074 O000300     7810
074 P000300       10
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       99
074 S000300        0
074 T000300    77739
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    87192
076  000300     0.00
028 A010400      6882
028 A020400         0
028 A030400         0
028 A040400      6739
028 B010400      4656
028 B020400         0
028 B030400         0
028 B040400      2944
028 C010400     11261
028 C020400         0
028 C030400         0
028 C040400     10882
028 D010400      4741
028 D020400         0
028 D030400         0
028 D040400      2222
028 E010400      4806
028 E020400         0
028 E030400         0
028 E040400      4430
028 F010400      8455
028 F020400         0
028 F030400         0
028 F040400     28539
028 G010400     40801
028 G020400         0
028 G030400         0
<PAGE>      PAGE  10
028 G040400     55756
028 H000400         0
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
062 A000400 Y
062 B000400  54.6
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  18.8
062 M000400   9.6
062 N000400  11.4
062 O000400   0.0
062 P000400   8.9
062 Q000400   0.4
062 R000400  -3.7
063 A000400   0
063 B000400  7.8
064 A000400 N
064 B000400 N
066 A000400 N
067  000400 Y
068 A000400 N
068 B000400 N
069  000400 N
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 N
070 E020400 Y
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 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 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400     70305
071 B000400     69629
071 C000400     20228
071 D000400  344
072 A000400 12
072 B000400     1902
072 C000400      703
072 D000400        0
072 E000400        0
072 F000400      371
072 G000400       57
072 H000400        0
072 I000400        0
072 J000400        0
072 K000400        0
072 L000400        0
072 M000400        3
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400       15
072 S000400       24
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        3
072 X000400      473
072 Y000400      131
072 Z000400     2263
072AA000400     1787
072BB000400        0
072CC010400      551
<PAGE>      PAGE  12
072CC020400        0
072DD010400        0
072DD020400        0
072EE000400        0
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400     1592
074 B000400        0
074 C000400    24296
074 D000400    13925
074 E000400     7934
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400     2815
074 K000400        0
074 L000400      241
074 M000400        0
074 N000400    50803
074 O000400     6256
074 P000400        2
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       47
074 S000400        0
074 T000400    44498
074 U010400        0
074 U020400        0
074 V010400     0.00
074 V020400     0.00
074 W000400   0.0000
074 X000400        2
074 Y000400        0
075 A000400        0
075 B000400    57069
076  000400     0.00
SIGNATURE   ED VEILLIEUX
TITLE       PRINCIPAL


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000906619
<NAME> BT ASSET MANAGEMENT III PORTFOLIO

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                       44,967,075
<INVESTMENTS-AT-VALUE>                      46,155,160
<RECEIVABLES>                                3,055,733
<ASSETS-OTHER>                               1,592,424
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              50,803,317
<PAYABLE-FOR-SECURITIES>                     6,255,595
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       49,683
<TOTAL-LIABILITIES>                          6,305,278
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    43,374,146
<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>                     1,123,893
<NET-ASSETS>                                44,498,039
<DIVIDEND-INCOME>                              703,598
<INTEREST-INCOME>                            1,901,898
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 342,088
<NET-INVESTMENT-INCOME>                      2,263,408
<REALIZED-GAINS-CURRENT>                     1,786,567
<APPREC-INCREASE-CURRENT>                      551,176
<NET-CHANGE-FROM-OPS>                        4,601,151
<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>                     (4,901,121)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          370,595
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                473,242
<AVERAGE-NET-ASSETS>                        57,069,449
<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
[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> 0000906619
<NAME> BT ASSET MANAGEMENT II PORTFOLIO

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                       74,609,927
<INVESTMENTS-AT-VALUE>                      79,226,858
<RECEIVABLES>                                3,143,989
<ASSETS-OTHER>                               3,286,949
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              85,657,796
<PAYABLE-FOR-SECURITIES>                     7,809,740
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      109,396
<TOTAL-LIABILITIES>                          7,919,136
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    73,294,737
<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>                     4,443,923
<NET-ASSETS>                                77,738,660
<DIVIDEND-INCOME>                            1,174,398
<INTEREST-INCOME>                            2,103,555
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 524,684
<NET-INVESTMENT-INCOME>                      2,753,269
<REALIZED-GAINS-CURRENT>                     3,365,055
<APPREC-INCREASE-CURRENT>                    2,598,490
<NET-CHANGE-FROM-OPS>                        8,716,814
<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>                       (17,332,870)
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          568,410
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                707,050
<AVERAGE-NET-ASSETS>                        87,192,237
<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
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>




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