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U.S SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before Preparing Form.
Please print or type.
1. Name and address of issuer:
Harris Associates Investment Trust
Two North LaSalle Street Suite 500
Chicago, Illinois 60602-3790
2. Name of each series or class of funds for which this notice
is filed:
The Oakmark Fund
The Oakmark International Fund
The Oakmark Small Cap Fund
The Oakmark Balanced Fund
The Oakmark International Emerging Value Fund
3. Investment Company Act File Number: 811-06279
Securities Act File Number: 33-38953
4. Last day of fiscal year for which this notice is filed:
October 31, 1996
5. Check box if this notice is being filed more than 180 days
after the close of the issuer's fiscal year for purposes of
reporting securities sold after the close of the fiscal year
but before termination of the issuer's 24f-2 declaration:[ ]
not applicable
6. Date of termination of issuer's declaration under rule 24f-
2(a)(1), if applicable (see instruction A.6): not applicable
7. Number and amount of securities of the same class or series
which had been registered under the Securities Act of 1933
other than pursuant to rule 24f-2 in a prior fiscal year,
but which remained unsold at the beginning of the fiscal
year: not applicable
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2: not applicable
9. Number and aggregate sale price of securities sold during
the fiscal year:
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Shares Dollars
Oakmark Fund 62,802,396 $1,921,818,726
Oakmark International 44,346,856 621,804,699
Oakmark Small Cap 18,656,426 224,762,208
Oakmark Balanced 1,466,399 15,231,573
Oakmark Int'l Emerging 3,942,556 43,181,467
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
rule 24f-2:
All shares in item 9 were sold in reliance upon registration
under Rule 24f-2.
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment
plans, if applicable (see Instruction B.7):
Item 9 includes dividend reinvestment plans.
12. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2 (from Item 10): $2,826,798,673
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable): + not applicable
(iii)Aggregate price of shares redeemed or
repurchased during the fiscal year
(if applicable): -1,694,627,736
(iv) Aggregate price of shares redeemed or
repurchased and previously applied
as a reduction to filing fees pursuant
to rule 24e-2 (if applicable): + not applicable
(v) Net aggregate price of securities sold
and issued during the fiscal year in
reliance on rule 24f-2 [line (i) plus
line (ii), less line (iii), plus line
(iv)] (if applicable): 1,132,170,937
(vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation (see
instruction C.6): x .000303
(vii)Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 343,082
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Instruction: Issuers should complete lines (ii), (iii), (iv)
and (v) only if the form is being filed within 60 days after the
close of the issuer's fiscal year. See Instruction C.3.
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in section 3a of the
Commission's Rules of Informal and Other Procedures (17 CFR
202-3a). [ ]
Date of mailing or wire transfer of filing fees to the
Commission's Lockbox depository: December 23, 1996
SIGNATURES
This report has been signed below by the following persons on
behalf of the issuer and in the capacities and on the date
indicated.
By (Signature and Title)* /s/Kristi L. Rowsell
Kristi L. Rowsell
Assistant Treasurer
Date: December 23, 1996
*Please print the name and title of the signing officer below the
signature
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BELL BOYD & LLOYD
THREE FIRST NATIONAL PLAZA
70 WEST MADISON STREET, SUITE 3300
CHICAGO, ILLINOIS 60602-4207
December 23, 1996
Harris Associates Investment Trust
Two North La Salle Street
Chicago, Illinois 60602-3703
Ladies and Gentlemen:
Rule 24f-2 Notice
We have represented Harris Associates Investment Trust, a
Massachusetts business trust (Trust), in connection with the
filing with the Securities and Exchange Commission of the Trust's
Rule 24f-2 Notice for the fiscal year ended October 31, 1996
pursuant to Rule 24f-2 under the Investment Company Act of 1940
(Rule 24f-2). In this connection, we have examined originals, or
copies certified or otherwise identified to our satisfaction, of
such documents, corporate or other records, certificates and
other papers as we deem it necessary to examine for the purpose
of this opinion, including the agreement and declaration of trust
and bylaws of the Trust and resolutions of its board of trustees
authorizing the issuance of shares.
Base upon the foregoing examination, we are of the opinion
that the following shares of beneficial interest, no par value,
of the Trust sold during the 1996 fiscal year in reliance upon
registration pursuant to rule 24f-2 were legally issued, fully
paid and nonassessable (although shareholders of the Trust may be
subject to liability under certain circumstances as describe in
the prospectus of the Trust included in its registration
statement on form N-1A):
Shares Sold Pursuant
to Rule 24f-2
The Oakmark Fund 62,802,396
The Oakmark International Fund 44,346,856
The Oakmark Small Cap Fund 18,656,426
The Oakmark Balanced Fund 1,466,399
The Oakmark International Emerging Fund 3,942,556
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We consent to the filing of this opinion with the Trust's
Rule 24f-2 Notice. In giving this consent, we do not admit that
we are in the category of persons whose consent is required under
Section 7 of the Securities Act of 1933.
Very truly yours,
/s/Bell, Boyd & Lloyd
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