BT INVESTMENT PORTFOLIOS
NSAR-B, EX-27.4, 2000-05-31
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000906619
<NAME> BT INVESTMENT PORTFOLIOS
<SERIES>
   <NUMBER> 4
   <NAME> ASSET MANAGEMENT PORTFOLIO III

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                         35350449
<INVESTMENTS-AT-VALUE>                        36272977
<RECEIVABLES>                                   608535
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           1254213
<TOTAL-ASSETS>                                38135725
<PAYABLE-FOR-SECURITIES>                        241450
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       202741
<TOTAL-LIABILITIES>                             444191
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      37131080
<SHARES-COMMON-STOCK>                         34247845
<SHARES-COMMON-PRIOR>                         43374146
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        560454
<NET-ASSETS>                                  37691534
<DIVIDEND-INCOME>                               455466
<INTEREST-INCOME>                              1534536
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  259278
<NET-INVESTMENT-INCOME>                        1730724
<REALIZED-GAINS-CURRENT>                       1155475
<APPREC-INCREASE-CURRENT>                     (563440)
<NET-CHANGE-FROM-OPS>                          2322759
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       29758416
<NUMBER-OF-SHARES-REDEEMED>                   38887680
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (6806505)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           280885
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  86427
<AVERAGE-NET-ASSETS>                          43040601
<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


</TABLE>


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