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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 WIn27kUHBRplPiDZVBevpsq9fTawdz3iNx8DpIg5rTaSOoA9KMLda1sqhbhBuKTe
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<SEC-DOCUMENT>0000797657-95-000008.txt : 19951004
<SEC-HEADER>0000797657-95-000008.hdr.sgml : 19951004
ACCESSION NUMBER:		0000797657-95-000008
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19951003
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BT INVESTMENT FUNDS
		CENTRAL INDEX KEY:			0000797657
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-07404
		FILM NUMBER:		95578345

	BUSINESS ADDRESS:	
		STREET 1:		127 W 10TH
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64105
		BUSINESS PHONE:		8164748186

	MAIL ADDRESS:	
		STREET 1:		6 ST JAMES AVE 9TH FL
		STREET 2:		C/O SIGNATURE FINANCIAL GROUP
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BT TAX FREE INVESTMENT TRUST
		DATE OF NAME CHANGE:	19880530
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>GLOBAL HIGH YIELD SECURITIES FUND
<TEXT>


                       GLOBAL HIGH YIELD SECURITIES FUND
                             BT INVESTMENT FUNDS

                          Supplement to the Prospectus
                             Dated January 30, 1995


         The following  paragraph replaces the first paragraph under the heading
         "PERFORMANCE  INFORMATION  AND  REPORTS"  on  page  23  of  the  Fund's
         prospectus:

         The Fund's performance may be used from time to time in advertisements,
         shareholder   reports  or  other   communications  to  shareholders  or
         prospective  shareholders.  Performance  information  may  include  the
         Fund's investment  results and/or comparisons of its investment results
         to various  unmanaged  indices such as the JP Morgan  Emerging  Markets
         Bonds Index and the Merrill Lynch High Yield Master  Index,  or results
         of other mutual funds or investment or savings vehicles.  The Fund will
         compare its  performance to the results of a blending of these Indexes.
         The Fund's investment  results as used in such  communications  will be
         calculated  on a total  rate of return  basis in the  manner  set forth
         below.  From time to time,  fund  rankings  may be quoted from  various
         sources, such as Lipper Analytical Services, Inc.


                      Supplement Dated September 15, 1995

<PAGE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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