HARRIS INSIGHT FUNDS TRUST
497, 1997-08-18
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                             HARRIS INSIGHT(R) FUNDS
                           HARRIS INSIGHT EQUITY FUNDS
                        HARRIS INSIGHT FIXED INCOME FUNDS
                        HARRIS INSIGHT MONEY MARKET FUNDS
                                 Class A Shares

                        SUPPLEMENT DATED AUGUST 18, 1997
                       TO THE PROSPECTUS DATED MAY 1, 1997
                            AS REVISED AUGUST 1, 1997


ALL FUNDS

As described on page 48 of the Prospectus,  Class A Shares of the Funds are sold
with a maximum  front-end  sales charge of 4.50%  (applied when an investment is
made),   subject  to  certain  exceptions.   Commencing  August  18,  1997,  the
distributor  has  voluntarily  agreed  until  further  notice to waive the sales
charge on Class A Shares. As a result,  during the waiver period the distributor
will not pay sales charge  reallowances to financial  institutions  through whom
Class A  Shares  are  purchased.  The  Prospectus  will be  amended  or  further
supplemented at such time as the sales charge waiver may be terminated.



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