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SUPPLEMENT TO PROSPECTUS OF HARRIS ASSOCIATES INVESTMENT TRUST
THE OAKMARK SMALL CAP FUND
CLOSING OF THE FUND
As of the close of business on June 20, 1997 The Oakmark Small Cap Fund (the
"Fund") will be closed to purchases by new investors except as described
below. The Fund has taken this step to facilitate management of the Fund's
portfolio.
If you are already a shareholder of the Fund in your own name or through an
intermediary, you may continue to add to your account.
In addition, you may exchange shares of another fund of the Trust or Oakmark
Units for shares of the Fund as described in the prospectus under "How to
Purchase Shares--By Exchange."
The Trust reserves the right to re-open the Fund to new investors or to
modify the extent to which the sale of shares is limited.
Supplement Dated June 11, 1997 to Prospectus Dated March 1, 1997
