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Exhibit(i)(5)
Form of Chapman and Cutler Opinion
October 27, 2000
Nuveen Investment Trust
333 West Wacker Drive
Chicago, Illinois 60606-1286
Re: Nuveen Investment Trust
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Gentlemen:
We have served as counsel for the Nuveen Investment Trust (the "Fund"),
which proposes to offer and sell shares of various classes of its series, the
Nuveen Growth and Income Stock Fund, Nuveen European Value Fund, Nuveen Balanced
Stock and Bond Fund, and the Nuveen Balanced Municipal and Stock Fund
(collectively, the "Shares") in the manner and on the terms set forth in Post-
Effective Amendment No. 19 to its Registration Statement on Form N-1A to be
filed on or about October 27, 2000 (the "Amendment") with the Securities and
Exchange Commission under the Investment Company Act of 1940, as amended, and
the Securities Act of 1933, as amended.
In connection therewith, we have examined such pertinent records and
documents and matters of law, including the opinions of Bingham Dana LLP upon
which we have relied as they relate to the laws of the Commonwealth of
Massachusetts, as we have deemed necessary in order to enable us to express the
opinion hereinafter set forth.
Based upon the foregoing, we are of the opinion that:
The Shares of the Fund may be legally and validly issued from time to
time in accordance with the Fund's Declaration of Trust dated May 6, 1996,
the Fund's By-Laws, the Fund's Certificates for the Establishment and
Designation of Series, the Fund's Certificate for the Establishment and
Designation of Classes, and subject to compliance with the Securities Act
of 1933, as amended, the Investment Company Act of 1940, as amended, and
applicable state laws regulating the sale of securities and the receipt by
the Fund of a purchase price of not less than the net asset value per share
and such Shares, when so issued and sold, will be legally issued, fully
paid and non-assessable, except that, as set forth in the Amendment,
shareholders of the Fund may under certain circumstances be held personally
liable for its obligations.
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Nuveen Investment Trust
October 27, 2000
Page 2
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement (File No. 333-03715) relating to the Shares referred to
above, to the use of our name and to the reference to our firm in said
Registration Statement.
Respectfully submitted,
Chapman and Cutler
