<PAGE> PAGE 1
000 B000000 10/31/95
000 C000000 0000872323
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 HARRIS ASSOCIATES INVESTMENT TRUST
001 B000000 811-06279
001 C000000 3126210600
002 A000000 TWO NORTH LASALLE STREET
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60602
002 D020000 3790
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 THE OAKMARK FUND
007 C030100 N
007 C010200 2
007 C020200 THE OAKMARK INTERNATIONAL FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 HARRIS ASSOCIATES L.P.
008 B00AA01 A
008 C00AA01 801-50333
008 D01AA01 CHICAGO
008 D02AA01 IL
008 D03AA01 60602
008 D04AA01 3790
012 A00AA01 STATE STREET BANK & TRUST
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02266
012 C04AA01 8510
013 A00AA01 ARTHUR ANDERSEN LLP
<PAGE> PAGE 2
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60603
014 A00AA01 HARRIS ASSOCIATES SECURITIES L.P.
014 B00AA01 8-19988
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8510
015 E01AA01 X
015 A00AA02 CITIBANK, N.A., ARGENTINA
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPAR..
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 GENERALE BANK
015 B00AA05 S
015 C01AA05 BRUSSELS
015 D01AA05 BELGIUM
015 E04AA05 X
015 A00AA06 CITIBANK, N.A., BRAZIL
015 B00AA06 S
015 C01AA06 SAO PAULO
015 D01AA06 BRAZIL
015 E04AA06 X
015 A00AA07 CANADA TRUSTCO MORTGAGE CO.
015 B00AA07 S
015 C01AA07 TORONTO
015 D01AA07 CANADA
015 E04AA07 X
015 A00AA08 CITIBANK, N.A., CHILE
015 B00AA08 S
015 C01AA08 SANTIAGO
015 D01AA08 CHILE
015 E04AA08 X
015 A00AA09 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA09 S
015 C01AA09 PRAGUE
015 D01AA09 CZECK REPUBLIC
<PAGE> PAGE 3
015 E04AA09 X
015 A00AA10 BANQUE PARIBAS
015 B00AA10 S
015 C01AA10 PARIS
015 D01AA10 FRANCE
015 E04AA10 X
015 A00AA11 DEN DANSKE BANK, COPENHAGEN
015 B00AA11 S
015 C01AA11 COPENHAGEN
015 D01AA11 DENMARK
015 E04AA11 X
015 A00AA12 MERITA BANK LIMITED
015 B00AA12 S
015 C01AA12 HELSINKI
015 D01AA12 FINLAND
015 E04AA12 X
015 A00AA13 BHF-BANK AKTIENGESELLSCHAFT
015 B00AA13 S
015 C01AA13 FRANKFURT
015 D01AA13 GERMANY
015 E04AA13 X
015 A00AA14 NATIONAL BANK OF GREECE
015 B00AA14 S
015 C01AA14 ATHENS
015 D01AA14 GREECE
015 E04AA14 X
015 A00AA15 STANDARD CHARTERED BANK HONG KONG BRANCH
015 B00AA15 S
015 C01AA15 HONG KONG
015 D01AA15 HONG KONG
015 E04AA15 X
015 A00AA16 CITIBANK BUDAPEST RT
015 B00AA16 S
015 C01AA16 BUDAPEST
015 D01AA16 HUNGARY
015 E04AA16 X
015 A00AA17 DEUTSCHE BANK AG-BOMBAY
015 B00AA17 S
015 C01AA17 BOMBAY
015 D01AA17 INDIA
015 E04AA17 X
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 JAKARTA
015 D01AA18 INDONESIA
015 E04AA18 X
015 A00AA19 BANK OF IRELAND
015 B00AA19 S
015 C01AA19 DUBLIN
015 D01AA19 IRELAND
015 E04AA19 X
<PAGE> PAGE 4
015 A00AA20 MORGAN GUARANTY TRUST CO.
015 B00AA20 S
015 C01AA20 MILAN
015 D01AA20 ITALY
015 E04AA20 X
015 A00AA21 SUMITOMO TRUST & BANKING CO., LTD.
015 B00AA21 S
015 C01AA21 TOKYO
015 D01AA21 JAPAN
015 E04AA21 X
015 A00AA22 SEOULBANK
015 B00AA22 S
015 C01AA22 SEOUL
015 D01AA22 KOREA
015 E04AA22 X
015 A00AA23 STANDARD CHARTERED BANK
015 B00AA23 S
015 C01AA23 KUALA LUMPUR
015 D01AA23 MALAYSIA
015 E04AA23 X
015 A00AA24 CITIBANK, N.A. MEXICO
015 B00AA24 S
015 C01AA24 MEXICO CITY
015 D01AA24 MEXICO
015 E04AA24 X
015 A00AA25 MEES PIERSON N.V.
015 B00AA25 S
015 C01AA25 AMERSTERDAM
015 D01AA25 NETHERLANDS
015 E04AA25 X
015 A00AA26 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA26 S
015 C01AA26 WELLINGTON
015 D01AA26 NEW ZEALAND
015 E04AA26 X
015 A00AA27 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA27 S
015 C01AA27 OSLO
015 D01AA27 NORWAY
015 E04AA27 X
015 A00AA28 DEUTSCHE BANK AG, PAKISTAN
015 B00AA28 S
015 C01AA28 KARACHI
015 D01AA28 PAKISTAN
015 E04AA28 X
015 A00AA29 STANDARD CHARTERED BANK
015 B00AA29 S
015 C01AA29 MANILA
015 D01AA29 PHILIPPINES
015 E04AA29 X
015 A00AA30 CITIBANK POLAND S.A.
<PAGE> PAGE 5
015 B00AA30 S
015 C01AA30 WARSAW
015 D01AA30 POLAND
015 E04AA30 X
015 A00AA31 BANCO COMERCIAL PORTUGUES
015 B00AA31 S
015 C01AA31 LISBON
015 D01AA31 PORTUGAL
015 E04AA31 X
015 A00AA32 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA32 S
015 C01AA32 SINGAPORE
015 D01AA32 SINGAPORE
015 E04AA32 X
015 A00AA33 BANCO SANTANDER, S.A.
015 B00AA33 S
015 C01AA33 MADRID
015 D01AA33 SPAIN
015 E04AA33 X
015 A00AA34 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA34 S
015 C01AA34 COLOMBO
015 D01AA34 SRI LANKA
015 E04AA34 X
015 A00AA35 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA35 S
015 C01AA35 STOCKHOLM
015 D01AA35 SWEDEN
015 E04AA35 X
015 A00AA36 UNION BANK OF SWITZERLAND
015 B00AA36 S
015 C01AA36 ZURICH
015 D01AA36 SWITZERLAND
015 E04AA36 X
015 A00AA37 CENTRAL TRUST OF CHINA
015 B00AA37 S
015 C01AA37 TAIPEI
015 D01AA37 TAIWAN
015 E04AA37 X
015 A00AA38 STANDARD CHARTERED BANK
015 B00AA38 S
015 C01AA38 BANGKOK
015 D01AA38 THAILAND
015 E04AA38 X
015 A00AA39 CITIBANK, N.A., TURKEY
015 B00AA39 S
015 C01AA39 ISTANBUL
015 D01AA39 TURKEY
015 E04AA39 X
015 A00AA40 STATE STREET BANK & TRUST CO., LONDON BRANCH
015 B00AA40 S
<PAGE> PAGE 6
015 C01AA40 LONDON
015 D01AA40 UNITED KINGDOM
015 E04AA40 X
015 A00AA41 CITIBANK, N.A. URUGUAY
015 B00AA41 S
015 C01AA41 MONTEVIDEO
015 D01AA41 URUGUAY
015 E04AA41 X
015 A00AA42 CITIBANK, N.A., VENEZUELA
015 B00AA42 S
015 C01AA42 CARACAS
015 D01AA42 VENEZUELA
015 E04AA42 X
015 A00AA43 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA43 S
015 C01AA43 BOGOTA
015 D01AA43 COLUMBIA
015 E04AA43 X
015 A00AA44 STANDARD CHARTERED BANK, DHAKA BRANCH
015 B00AA44 S
015 C01AA44 DHAKA
015 D01AA44 BANGLADESH
015 E04AA44 X
015 A00AA45 BANK HAPOALIM B.M.
015 B00AA45 S
015 C01AA45 TEL AVIV
015 D01AA45 ISRAEL
015 E04AA45 X
015 A00AA46 THE BRITISH BANK OF THE MIDDLE EAST, JORDAN
015 B00AA46 S
015 C01AA46 AMMAN
015 D01AA46 JORDAN
015 E04AA46 X
015 A00AA47 CITIBIANK, N.A., LIMA PERU BRANCH
015 B00AA47 S
015 C01AA47 LIMA
015 D01AA47 PERU
015 E04AA47 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 2
019 C00AA00 THEOAKMARK
020 A000001 HARRIS ASSOCIATES SECURITIES L.P.
020 B000001 36-3482833
020 C000001 254
020 A000002 GOLDMAN SACHS
020 B000002 13-5108880
020 C000002 100
020 A000003 BERNSTEIN SANFORD & CO.
020 B000003 13-2625874
020 C000003 76
<PAGE> PAGE 7
020 A000004 BOSTON INSTITUTIONAL SERIVCES
020 B000004 04-2479358
020 C000004 67
020 A000005 ENSKILDA SECURITIES
020 B000005 13-3497509
020 C000005 63
020 A000006 HOARE GOVETTE
020 B000006 FOREIGN
020 C000006 60
020 A000007 JB WERE & SON LTD.
020 B000007 FOREIGN
020 C000007 59
020 A000008 SG WARBURG & CO.
020 B000008 13-3340045
020 C000008 57
020 A000009 KLEINWORT BENSON, INC.
020 B000009 13-2647786
020 C000009 50
020 A000010 CROSBY SECURITIES
020 B000010 13-3431728
020 C000010 47
021 000000 2174
022 A000001 FORD MOTOR CREDIT
022 B000001 38-0549190
022 C000001 583500
022 D000001 69004
022 A000002 GENERAL ELCTRIC CAPTIAL CORP
022 C000002 520000
022 D000002 89000
022 A000003 AMERICAN EXPRESS CREDIT CORP
022 C000003 411500
022 D000003 50004
022 A000004 DAIN BOSWORTH INC.
022 B000004 41-0212020
022 C000004 23668
022 D000004 0
022 A000005 ROBERT W. BAIRD & CO.
022 B000005 39-6037917
022 C000005 10531
022 D000005 0
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006 10153
022 D000006 0
022 A000007 JEFFRIES & CO.
022 B000007 13-3064104
022 C000007 6156
022 D000007 994
022 A000008 TROSTER SINGER CORP
022 B000008 13-5515160
022 C000008 1202
<PAGE> PAGE 8
022 D000008 5773
022 A000009 BEAR STEARNS SECURITIES
022 B000009 13-3299429
022 C000009 4422
022 D000009 0
022 A000010 CS FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010 4038
022 D000010 0
023 C000000 1586116
023 D000000 217765
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
<PAGE> PAGE 9
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
<PAGE> PAGE 10
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 B000000 Y
077 C000000 Y
078 000000 N
080 A00AA00 CHUBB GROUP OF INSURANCE COMPANIES
080 C00AA00 5000
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 50
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
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086 E020000 0
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086 F020000 0
028 A010100 133928
028 A020100 0
028 A030100 0
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028 B010100 123366
028 B020100 0
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028 B040100 59910
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028 C030100 0
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028 D020100 0
028 D030100 0
028 D040100 48861
028 E010100 105274
028 E020100 0
028 E030100 0
028 E040100 39969
028 F010100 125193
<PAGE> PAGE 11
028 F020100 0
028 F030100 0
028 F040100 58886
028 G010100 683474
028 G020100 0
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028 G040100 333168
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045 000100 Y
046 000100 Y
047 000100 Y
048 000100 0.000
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048 A020100 1.000
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048 B020100 0.950
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048 J010100 0
048 J020100 0.000
048 K010100 5000000
048 K020100 0.850
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 N
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
<PAGE> PAGE 12
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 1085381
071 B000100 359990
071 C000100 1999040
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<PAGE> PAGE 13
072 R000100 28
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<PAGE> PAGE 14
075 B000100 2177264
076 000100 0.00
028 A010200 35080
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045 000200 Y
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<PAGE> PAGE 15
048 I010200 0
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066 A000200 Y
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067 000200 N
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070 D020200 N
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070 E020200 N
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070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
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070 O010200 Y
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070 P020200 N
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070 Q020200 N
<PAGE> PAGE 16
070 R010200 Y
070 R020200 N
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<PAGE> PAGE 17
074 I000200 0
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SIGNATURE DONALD TERAO
TITLE TREASURER
To the Board of Directors of the
Harris Associates Investment Trust:
In planning and performing our audit of the financial statements
of the HARRIS ASSOCIATES INVESTMENT TRUST, comprised of the
Oakmark Fund and The Oakmark International Fund ("the Funds"),
for the year ended October 31, 1995, we considered its internal
control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and
to comply with the requirements of Form N-SAR, and not to provide
assurance on the internal control structure.
The management of the Funds is responsible for establishing and
maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use of
disposition and that transactions are executed in accordance with
management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, projection of any evaluation of the structure to
future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control
structure that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the
design or operation of the specific internal control structure
elements does not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be material in
relation to the financial statements being audited may occur and
not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted
no matters involving the internal control structure, including
procedures for safeguarding securities, that we consider to be
material weaknesses as defined about as of October 31, 1995.
<PAGE>
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
/S/Arthur Andersen LLP
Chicago, Illinois,
December 5, 1995
(a) On August 22, 1995 Harris Associates Investment Trust held a
special meeting.
(b) The meeting involved the election of trustees. The names of
each trustee elected at the meeting and all other trustees
now in office are as follows:
Christine M. Bucher
James W. Ford
Michael J. Friduss
Thomas H. Hayden
Victor A. Morgenstern
Allan J. Reich
Burton W. Ruder
Peter S. Voss
Gary N. Wilner, M.D.
(c) Each matter voted upon at the meeting and the number of
affirmative votes and the number of negative votes cast with
respect to each matter is as follows:
(i) Approval of the investment advisory agreement
The Oakmark Fund The Oakmark International Fund
For: 55,726,685.134 For: 45,662,287.696
Against: 525,383.886 Against: 455,484.881
(ii) Election of Trustees
The Oakmark Fund Oakmark International
Ms. Bucher For: 56,353,973.190 For: 45,935,021.949
Mr. Ford For: 56,462,081.935 For: 46,000,519.843
Mr. Friduss For: 56,487,109.742 For: 46,008,400.328
Mr. Hayden For: 56,352,044.242 For: 45,912,092.649
Mr. Morgenstern For: 56,498,263.701 For: 46,004,963.037
Mr. Reich For: 56,443,822.872 For: 45,983,641.799
Mr. Ruder For: 56,480,711.063 For: 46,026,239.050
Mr. Voss For: 56,476,950.836 For: 46,009,926.209
Mr. Wilner, M.D. For: 56,433,976.432 For: 45,986,692.858
