Harris Insight Funds Trust
Supplement dated May 18, 1999 to
Harris Insight Funds N Shares Prospectus Dated May 3 1999
[The following information replaces the table "Annual Fund Operating Expenses"
shown on page 44]
ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Fund assets,
expressed as a % of average net assets)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
CONVERTIBLE INTERMEDIATE SHORT/ INTERMEDIATE
SECURITIES TAX-EXEMPT BOND TAX-EXEMPT INTERMEDIATE GOVERNMENT
FUND BOND FUND FUND BOND FUND BOND FUND BOND FUND
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Investment Advisory Fees(1) 0.70% 0.60% 0.65% 0.60% 0.70% 0.65%
- -------------------------------------------------------------------------------------------------------------------------
Shareholding Servicing Fees 0.25 0.25 0.25 0.25 0.25 0.25
- -------------------------------------------------------------------------------------------------------------------------
Other Expenses 0.31 0.20 0.23 0.20 0.20 0.26
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses(1) 1.26% 1.05% 1.13% 1.05% 1.15% 1.16%
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Expenses are based on amounts incurred by the Funds during their most recent
fiscal year but do not reflect advisory fees waived by Harris Trust. After
these waivers, actual Fund advisory fees and total operating expenses for
the fiscal year ended December 31, 1998 were:
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
CONVERTIBLE INTERMEDIATE SHORT/ INTERMEDIATE
SECURITIES TAX-EXEMPT BOND TAX-EXEMPT INTERMEDIATE GOVERNMENT
FUND BOND FUND FUND BOND FUND BOND FUND BOND FUND
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Investment Advisory Fees 0.61% 0.59% 0.37% 0.60% 0.40% 0.24%
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 1.17% 1.04% 0.85% 1.05% 0.85% 0.75%
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
44
