After a false start in the retail mutual fund business, Bankers Trust New York Corp., the quintessential corporate bank, is now claiming success.

Its proprietary portfolios, the BT Funds, have seen their assets swell 38%, to $13 billion, during the 12 months ended March 31. The average bank- managed mutual fund complex grew only 22% during this period, according to Lipper Analytical Services, Princeton, N.J.

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