Lucent Technologies and Times Mirror have chosen Bankers Trust Co. to manage portions of their international equities portfolios, Bankers Trust said last week.

BT Funds Management will manage about $300 million for Lucent, which this month will add the BT Institutional International Equity Fund as an investment option in its two defined contribution plans.

The Bankers Trust unit will also manage $60 million for Times Mirror, which will invest in the BT Pyramid International Equity Fund. An ERISA- qualified fund, the pyramid portfolio has a strategy similar to that of the BT Investment International Equity Fund.

Bankers Trust's international equity funds invest primarily in high- quality, undervalued mid- and large-cap stocks with strong earnings and cash flow. The BT Investment International Equity Fund was created in August 1992 and has had Morningstar's five-star rating since 1995.

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