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HARRIS INSIGHT(R) FUNDS
SUPPLEMENT DATED SEPTEMBER 21, 1998 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1998
The following new section follows the section entitled "CALCULATION OF YIELD
AND TOTAL RETURN."
ADDITIONAL PURCHASE AND REDEMPTION INFORMATION
Each Fund has authorized one or more brokers to accept purchase and redemption
orders on its behalf. Such brokers are authorized to designate other
intermediaries to accept purchase and redemption orders on the Fund's behalf.
The Fund will be deemed to have received a purchase or redemption order when an
authorized broker or, if applicable, a broker's authorized designee, accepts the
order, which will be priced at the Fund's net asset value next calculated after
it is so accepted.
Redemption proceeds normally are paid in cash. However, the Company and the
Trust have filed formal elections with the SEC pursuant to which a Fund may
effect a redemption in portfolio securities only if a shareholder is redeeming
more than $250,000 or 1% of the Fund's total net assets, whichever is less,
during any 90-day period. If payment for shares redeemed is made wholly or
partially in portfolio securities, brokerage costs may be incurred by the
shareholder in converting the securities to cash.
From its own resources, Funds Distributor, Inc. or Harris Trust and Savings Bank
may pay a fee to financial intermediaries or other persons for distribution or
other services related to the Funds.
