UNITED STATES
                                       SECURITIES AND EXCHANGE COMMISSION
                                            Washington, D.C.  20549
                                                    FORM 13F
                                              FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: 09/30/2008

Check here if Amendment       [ ]             Amendment Number:

This Amendment                [ ]             is a restatement
                              [ ]             adds new holding entries

Institutional Investment Manager Filing this Report:

Name:       BANKERS TRUST CO, CR
Address:    221 3RD AVE. S.E.
            CEDAR RAPIDS, IA 52401


13F File Number: 28-10792

The institutional investment Manager filing this report and the
person by whom it is signed hereby represent that the person signing
the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name: JOHN LEPLEY
Title: COMPLIANCE OFFICER
Phone: 515 245 2459
Signature, Place, and Date of Signing:

JOHN LEPLEY    DES MOINES, IA    10/02/2008

Report Type     (Check only one)
                [X]            13F HOLDINGS REPORT
                [ ]            13F NOTICE
                [ ]            13F COMBINATION REPORT


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934



                                          FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                0
Form 13F Information Table Entry Total:           13
Form 13F Information Table Value Total:           $ 3,873

List of Other Included Managers:

NONE

                       
FORM 13F INFORMATION TABLE
                                   TITLE                  VALUE     SHARES/  SH/  PUT/ INVSTMT OTHER          VOTING AUTHORITY
  NAME OF ISSUER                   OF CLASS     CUSIP     (X $1000) PRN AMOUNTPRN CALL DISCRTN MANAGERS SOLE     SHARED   NONE

  EXXON MOBIL                      COM          30231G102       308     3960 SH        SOLE             3960
  GENERAL ELECTRIC CO.             COM          369604103       290    11381 SH        SOLE             11381
  INTERNATIONAL BUSINESS MACHINES  COM          459200101       223     1907 SH        SOLE             1907
  ISHARES                          MUT          464287507       521     7205 SH        SOLE             7205
  JOHNSON & JOHNSON                COM          478160104       376     5426 SH        SOLE             5426
  MCDONALDS CORP                   COM          580135101       253     4094 SH        SOLE             4094
  MICROSOFT CORP                   COM          594918104       279    10444 SH        SOLE             10444
  PEPSICO INC                      COM          713448108       371     5204 SH        SOLE             5204
  PROCTER & GAMBLE                 COM          742718109       358     5134 SH        SOLE             5134
  U S BANCORP                      COM          902973304       324     9004 SH        SOLE             9004
  WAL-MART                         COM          931142103       228     3809 SH        SOLE             3809
  WELLS FARGO                      COM          949746101       342     9115 SH        SOLE             9115
  TRAVELCENTERS                    COM          JKE174103         0    50000 SH        SOLE             50000