Deutsche Asset Management


International Equity Fund - Investment Class

Supplement dated June 29, 2001 (replacing supplement dated May 7, 2001)  to the
Prospectus dated February 28, 2001

The prospectus is supplemented to reflect that the Fund's Investment Class
shares are only available for purchase if you have a shareholder account set up
with a service agent such as a financial planner, investment adviser, broker-
dealer or other financial institution.  All references in the prospectus to
establishing a shareholder account in the Fund's Investment Class shares through
the Deutsche Asset Management Service Center, as well as any references to
shareholder services performed by the Service Center for such account, are
hereby omitted. Shareholders with existing accounts with the Deutsche Asset
Management Service Center may continue to make subsequent purchases through
the Service Center.

The following supplements the `Management of the Fund--Other Services' section:

Beginning July 1, 2001, Investment Company Capital Corp., also and affiliate of
DeAM, Inc., will provide administrative services-such as portfolio accounting,
legal services and others--for the Fund.

The following replaces the `Buying and Selling Fund Shares - Minimum Account
Investments' section:

Minimum Account Investments

                                                                                                              
Initial investment                                                                                               $2,000
Subsequent investments                                                                                           $  100
IRA account, initial investment                                                                                  $1,000
Initial investment for shareholders of other Deutsche Asset Management Funds' Investment Class Shares            $  500

Automatic investing plan, initial investment                                                                     $  250
      Bi-weekly or monthly plan subsequent investments                                                           $  100
      Quarterly plan subsequent investments                                                                      $  250
      Semi-annual plan subsequent investments                                                                    $  500
Minimum investment for qualified retirement plans (such as 401(k), pension or profit sharing plans)              $    0

Account balance:
        Non-retirement account                                                                                   $  500
        IRA account                                                                                              $    0



Accounts opened through a service agent may have different minimum investment
amounts. The Fund and its service providers reserve the right, from time to time
in their discretion, to waive or reduce the investment minimum.

The following supplements the `Buying and Selling Fund Shares - Important
Information about Buying and Selling Shares' section:

We do not accept starter checks, third party checks, or checks issued by credit
card companies or internet based companies.


              Please Retain This Supplement for Future Reference


BT Investment Funds
SUPP1663 (06/01)
CUSIP: 055922868

                                                         A Member of the
                                                         Deutsche Bank Group [/]