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THE OAKMARK FUNDS
Supplement dated June 10, 1996 to Prospectus dated May 1, 1996.
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. The minimum initial investment for the Oakmark Balanced Fund has been reduced
to $1,000.00.
. Shares of The Oakmark Small Cap Fund and the Oakmark International Emerging
Value Fund redeemed within six months after purchase are subject to a
redemption fee as described on page 25 of the prospectus. However, no
redemption fee is charged on redemptions of shares held in an omnibus account
of a financial institution, such as a securities broker-dealer or bank.
