BT ADVISOR FUNDS
BT INSTITUTIONAL FUNDS
BT INVESTMENT FUNDS
BT PYRAMID MUTUAL FUNDS
Supplement to current Prospectuses
Effective August 11, 1998, ICC Distributors, Inc. will replace Edgewood
Services, Inc. ("Edgewood") as distributor of the above-named investment
companies. ICC Distributors, Inc. is a registered broker/dealer with principal
offices at Two Portland Square, Portland, Maine 04101 and is not affiliated with
Bankers Trust. Accordingly, references throughout each prospectus to Edgewood
should be replaced with references to ICC Distributors, Inc. and its affiliates,
respectively, as appropriate. However, affiliates of Edgewood may continue to
perform certain fund administration duties, at Bankers Trust's expense.
July 17, 1998
EDGEWOOD SERVICES, INC.
Distributor
5800 CORPORATE DRIVE
PITTSBURGH, PA 15237-5829
BTSTICKER (7/98)
CUSIPS
05576L205 05576L841 05576L874 05576L106 05576L791 05576L817 05576L825 05576L833
05576L403 05576L601 05576L502 05576L304 05576L809 05576L866 05576L858 05576L882
055924104 055924872 055924864
055924203
055924807
055924500
055924856
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055924831
055924823
055922843
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055922819
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055922868
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055922108
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055922405
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055922793
055922702
055922686
055922678
055847404
055847107
055847867
055847859
055847305
055847206
055847842
055847834
055847818
055847826
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