-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ev/Ytmlj22vl0gXIM8VE3cZeOc3bZMR0Uj3amNI21jKVbYsvMTK7d2pYq+4gcvM4 ZbZqdtvjrX5+XpZ6vggoIA== 0000872323-98-000037.txt : 19980601 0000872323-98-000037.hdr.sgml : 19980601 ACCESSION NUMBER: 0000872323-98-000037 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980529 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARRIS ASSOCIATES INVESTMENT TRUST CENTRAL INDEX KEY: 0000872323 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: SEC FILE NUMBER: 811-06279 FILM NUMBER: 98633944 BUSINESS ADDRESS: STREET 1: HARRIS ASSOCIATES LP STREET 2: TWO N LASALLE ST STE 500 CITY: CHICAGO STATE: IL ZIP: 60602-3790 BUSINESS PHONE: 8004769625 MAIL ADDRESS: STREET 1: HARRIS ASSOCIATES LP STREET 2: TWO NORTH LASALLE STREET STE 500 CITY: CHICAGO STATE: IL ZIP: 60602-3790 NSAR-A 1 N-SAR (3.0.A) PAGE 1 000 A000000 03/31/98 000 C000000 0000872323 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 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 6 007 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 C020300 THE OAKMARK SMALL CAP FUND 007 C030300 N 007 C010400 4 007 C020400 THE OAKMARK EQUITY AND INCOME FUND 007 C030400 N 007 C010500 5 007 C020500 THE OAKMARK INTERNATIONAL SMALL CAP FUND 007 C030500 N 007 C010600 6 007 C020600 THE OAKMARK SELECT FUND 007 C030600 N 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 PAGE 2 008 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 ANDERSON LLP 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 ERSTE BANK 015 B00AA04 S 015 C01AA04 VIENNA 015 D01AA04 AUSTRIA 015 E04AA04 X 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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 PAGE 4 015 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 015 A00AA20 BANQUE PARIBAS 015 B00AA20 S 015 C01AA20 MILAN 015 D01AA20 ITALY 015 E04AA20 X 015 A00AA21 THE DAIWA BANK, LTD. 015 B00AA21 S 015 C01AA21 TOKYO 015 D01AA21 JAPAN 015 E04AA21 X 015 A00AA22 HONGKONG AND SHANGHAI BANKING CORP LTD -SEOUL 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 PAGE 5 015 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. 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 PAGE 6 015 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 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 THE HONGKONG AND SHANGHAI BANKING CORP. LTD. 015 B00AA44 S 015 C01AA44 BOMBAY 015 D01AA44 INDIA 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 FUJI BANK LIMITED 015 B00AA46 S 015 C01AA46 TOKYO 015 D01AA46 JAPAN 015 E04AA46 X 015 A00AA47 CITIBIANK, N.A., LIMA PERU BRANCH 015 B00AA47 S 015 C01AA47 LIMA 015 D01AA47 PERU 015 E04AA47 X 015 A00AA48 THE HONGKONG & SHANGHAI BANK, SHANGHAI BRANCH 015 B00AA48 S 015 C01AA48 SHANGHAI 015 D01AA48 CHINA 015 E04AA48 X PAGE 7 015 A00AA49 THE HONGKONG & SHANGHAI BANK, SHENZHN BRANCH 015 B00AA49 S 015 C01AA49 SHENZHEN 015 D01AA49 CHINA 015 E04AA49 X 015 A00AA50 THE SUMITOMO TRUST & BANKING CO., LTD 015 B00AA50 S 015 C01AA50 TOKYO 015 D01AA50 JAPAN 015 E04AA50 X 015 A00AA51 THE FUJI BANK, LIMITED 015 B00AA51 S 015 C01AA51 TOKYO 015 D01AA51 JAPAN 015 E04AA51 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 6 019 C00AA00 THEOAKMARK 020 A000001 HARRIS ASSOCIATES SECURITIES L.P. 020 B000001 36-3482833 020 C000001 1154 020 A000002 GOLDMAN SACHS & COMPANY 020 B000002 13-5108880 020 C000002 785 020 A000003 SMITH BARNEY INC. 020 B000003 13-1912900 020 C000003 690 020 A000004 BEAR STEARNS 020 B000004 13-3299429 020 C000004 467 020 A000005 MERRILL LYNCH 020 B000005 13-5674085 020 C000005 325 020 A000006 BOSTON INSTITUTIONAL 020 B000006 04-2479358 020 C000006 255 020 A000007 SALOMON BROTHERS, INC. 020 B000007 13-3082694 020 C000007 230 020 A000008 FIRST BOSTON 020 B000008 13-5659485 020 C000008 228 020 A000009 SANFORD BERNSTEIN 020 B000009 13-2625874 020 C000009 218 020 A000010 LEHMAN BROTHERS 020 B000010 13-2518466 020 C000010 188 021 000000 8189 022 A000001 STATE STREET PAGE 8 022 B000001 04-1867445 022 C000001 28522499 022 D000001 0 022 A000002 GENERAL ELECTRIC CAPITAL 022 B000002 13-1500700 022 C000002 13847600 022 D000002 0 022 A000003 AMERICAN EXPRESS CREDIT CORP 022 B000003 11-1988350 022 C000003 2649252 022 D000003 0 022 A000004 FORD MOTOR CREDIT 022 B000004 36-0549190 022 C000004 2427700 022 D000004 0 022 A000005 GOLDMAN SACHS & CO 022 B000005 13-5108880 022 C000005 287375 022 D000005 259086 022 A000006 SPEAR LEEDS 022 B000006 13-1388477 022 C000006 397092 022 D000006 0 022 A000007 GRIFFIN, KUBIK, STEVENS & THOMPSON INC. 022 B000007 13-5515160 022 C000007 200000 022 D000007 0 022 A000008 LEHMAN 022 B000008 13-2518466 022 C000008 3040 022 D000008 86868 022 A000009 JEFFERIES 022 B000009 13-3064104 022 C000009 32570 022 D000009 27888 022 A000010 MERRILL LYNCH 022 B000010 13-5674085 022 C000010 38804 022 D000010 511 023 C000000 48780285 023 D000000 374353 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 PAGE 9 029 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 0 042 A00AA00 0 042 B00AA00 0 042 C00AA00 0 042 D00AA00 0 042 E00AA00 0 042 F00AA00 0 042 G00AA00 0 042 H00AA00 0 043 00AA00 0 044 00AA00 0 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D000106 0 025 D000107 0 025 D000108 0 028 A010100 272934 028 A020100 0 028 A030100 0 028 A040100 120687 028 B010100 199939 028 B020100 376565 028 B030100 0 028 B040100 79597 028 C010100 243367 028 C020100 0 028 C030100 0 PAGE 11 028 C040100 82861 028 D010100 442677 028 D020100 0 028 D030100 0 028 D040100 116814 028 E010100 365127 028 E020100 0 028 E030100 0 028 E040100 86817 028 F010100 361697 028 F020100 0 028 F030100 0 028 F040100 131073 028 G010100 1885741 028 G020100 376565 028 G030100 0 028 G040100 617849 028 H000100 0 045 000100 Y 046 000100 N 047 000100 Y 048 000100 0.000 048 A010100 2500000 048 A020100 1.000 048 B010100 1250000 048 B020100 0.950 048 C010100 1250000 048 C020100 0.900 048 D010100 0 048 D020100 0.000 048 E010100 0 048 E020100 0.000 048 F010100 0 048 F020100 0.000 048 G010100 0 048 G020100 0.000 048 H010100 0 048 H020100 0.000 048 I010100 0 048 I020100 0.000 048 J010100 0 048 J020100 0.000 048 K010100 5000000 048 K020100 0.850 049 000100 N 050 000100 N 051 000100 N 052 000100 N 053 A000100 N 055 A000100 N 055 B000100 N PAGE 12 056 000100 N 057 000100 N 058 A000100 N 059 000100 Y 060 A000100 Y 060 B000100 Y 061 000100 500 066 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 Y 070 A020100 Y 070 B010100 Y 070 B020100 N 070 C010100 Y 070 C020100 N 070 D010100 Y 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 N 070 K010100 Y 070 K020100 N 070 L010100 Y 070 L020100 Y 070 M010100 Y 070 M020100 N 070 N010100 N 070 N020100 N 070 O010100 Y 070 O020100 N 070 P010100 Y 070 P020100 N 070 Q010100 N PAGE 13 070 Q020100 N 070 R010100 Y 070 R020100 N 071 A000100 2302458 071 B000100 1317116 071 C000100 6609258 071 D000100 19 072 A000100 6 072 B000100 25585 072 C000100 61509 072 D000100 0 072 E000100 0 072 F000100 33718 072 G000100 0 072 H000100 0 072 I000100 3334 072 J000100 410 072 K000100 0 072 L000100 773 072 M000100 23 072 N000100 348 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 12 072 S000100 24 072 T000100 0 072 U000100 0 072 V000100 0 072 W000100 186 072 X000100 38828 072 Y000100 0 072 Z000100 48266 072AA000100 633222 072BB000100 9 072CC010100 372029 072CC020100 0 072DD010100 66321 072DD020100 0 072EE000100 328202 073 A010100 0.3996 073 A020100 0.0000 073 B000100 1.9775 073 C000100 0.0000 074 A000100 1 074 B000100 140535 074 C000100 1277557 074 D000100 0 074 E000100 0 074 F000100 7871389 074 G000100 0 PAGE 14 074 H000100 0 074 I000100 0 074 J000100 19773 074 K000100 0 074 L000100 38050 074 M000100 0 074 N000100 9347305 074 O000100 411535 074 P000100 6459 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 10919 074 S000100 0 074 T000100 8918392 074 U010100 2007166 074 U020100 0 074 V010100 44.43 074 V020100 0.00 074 W000100 0.0000 074 X000100 203335 074 Y000100 0 075 A000100 0 075 B000100 7507068 076 000100 0.00 024 000200 N 025 D000201 0 025 D000202 0 025 D000203 0 025 D000204 0 025 D000205 0 025 D000206 0 025 D000207 0 025 D000208 0 028 A010200 74009 028 A020200 0 028 A030200 0 028 A040200 166005 028 B010200 47261 028 B020200 263408 028 B030200 0 028 B040200 75898 028 C010200 43647 028 C020200 0 028 C030200 0 028 C040200 103980 028 D010200 62581 028 D020200 0 028 D030200 0 028 D040200 74444 PAGE 15 028 E010200 71265 028 E020200 0 028 E030200 0 028 E040200 64419 028 F010200 56972 028 F020200 0 028 F030200 0 028 F040200 57372 028 G010200 355735 028 G020200 263408 028 G030200 0 028 G040200 542118 028 H000200 0 045 000200 Y 046 000200 N 047 000200 Y 048 000200 0.000 048 A010200 2500000 048 A020200 1.000 048 B010200 2500000 048 B020200 0.950 048 C010200 0 048 C020200 0.000 048 D010200 0 048 D020200 0.000 048 E010200 0 048 E020200 0.000 048 F010200 0 048 F020200 0.000 048 G010200 0 048 G020200 0.000 048 H010200 0 048 H020200 0.000 048 I010200 0 048 I020200 0.000 048 J010200 0 048 J020200 0.000 048 K010200 5000000 048 K020200 0.900 049 000200 N 050 000200 N 051 000200 N 052 000200 N 053 A000200 N 055 A000200 N 055 B000200 N 056 000200 N 057 000200 N 058 A000200 N 059 000200 Y 060 A000200 Y PAGE 16 060 B000200 Y 061 000200 500 066 A000200 Y 066 B000200 N 066 C000200 N 066 D000200 Y 066 E000200 N 066 F000200 N 066 G000200 N 067 000200 N 068 A000200 N 068 B000200 Y 069 000200 N 070 A010200 Y 070 A020200 Y 070 B010200 Y 070 B020200 N 070 C010200 Y 070 C020200 N 070 D010200 Y 070 D020200 N 070 E010200 N 070 E020200 N 070 F010200 N 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 N 070 L010200 Y 070 L020200 Y 070 M010200 Y 070 M020200 Y 070 N010200 Y 070 N020200 Y 070 O010200 Y 070 O020200 N 070 P010200 Y 070 P020200 N 070 Q010200 N 070 Q020200 N 070 R010200 Y 070 R020200 N 071 A000200 254931 071 B000200 422431 PAGE 17 071 C000200 1292622 071 D000200 20 072 A000200 6 072 B000200 1472 072 C000200 14868 072 D000200 0 072 E000200 1087 072 F000200 6775 072 G000200 0 072 H000200 0 072 I000200 752 072 J000200 691 072 K000200 0 072 L000200 188 072 M000200 7 072 N000200 20 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 13 072 S000200 8 072 T000200 0 072 U000200 0 072 V000200 0 072 W000200 45 072 X000200 8499 072 Y000200 0 072 Z000200 8928 072AA000200 47291 072BB000200 2652 072CC010200 0 072CC020200 94851 072DD010200 46461 072DD020200 0 072EE000200 231086 073 A010200 0.5758 073 A020200 0.0000 073 B000200 2.8639 073 C000200 0.0000 074 A000200 5054 074 B000200 14052 074 C000200 50000 074 D000200 0 074 E000200 0 074 F000200 1335014 074 G000200 0 074 H000200 0 074 I000200 0 074 J000200 1739 074 K000200 0 074 L000200 11666 PAGE 18 074 M000200 149912 074 N000200 1567437 074 O000200 8567 074 P000200 1102 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 0 074 R040200 153230 074 S000200 0 074 T000200 1404538 074 U010200 95692 074 U020200 0 074 V010200 14.68 074 V020200 0.00 074 W000200 0.0000 074 X000200 46496 074 Y000200 0 075 A000200 0 075 B000200 1362119 076 000200 0.00 024 000300 N 025 D000301 0 025 D000302 0 025 D000303 0 025 D000304 0 025 D000305 0 025 D000306 0 025 D000307 0 025 D000308 0 028 A010300 101175 028 A020300 0 028 A030300 0 028 A040300 112663 028 B010300 51035 028 B020300 58840 028 B030300 0 028 B040300 43017 028 C010300 46395 028 C020300 0 028 C030300 0 028 C040300 54130 028 D010300 50518 028 D020300 0 028 D030300 0 028 D040300 79992 028 E010300 39109 028 E020300 0 028 E030300 0 028 E040300 99940 028 F010300 28212 PAGE 19 028 F020300 0 028 F030300 0 028 F040300 93055 028 G010300 316443 028 G020300 58840 028 G030300 0 028 G040300 482797 028 H000300 0 037 000300 N 038 000300 0 039 000300 N 040 000300 N 041 000300 N 045 000300 Y 046 000300 N 047 000300 Y 048 000300 0.000 048 A010300 1000000 048 A020300 1.250 048 B010300 500000 048 B020300 1.150 048 C010300 500000 048 C020300 1.100 048 D010300 500000 048 D020300 1.050 048 E010300 0 048 E020300 0.000 048 F010300 0 048 F020300 0.000 048 G010300 0 048 G020300 0.000 048 H010300 0 048 H020300 0.000 048 I010300 0 048 I020300 0.000 048 J010300 0 048 J020300 0.000 048 K010300 2500000 048 K020300 1.000 049 000300 N 050 000300 N 051 000300 N 052 000300 N 053 A000300 N 055 A000300 N 055 B000300 N 056 000300 N 057 000300 N 058 A000300 N 059 000300 Y 060 A000300 Y PAGE 20 060 B000300 Y 061 000300 500 066 A000300 Y 066 B000300 N 066 C000300 N 066 D000300 Y 066 E000300 N 066 F000300 N 066 G000300 N 067 000300 N 068 A000300 N 068 B000300 N 069 000300 N 070 A010300 Y 070 A020300 Y 070 B010300 Y 070 B020300 N 070 C010300 Y 070 C020300 N 070 D010300 Y 070 D020300 N 070 E010300 N 070 E020300 N 070 F010300 N 070 F020300 N 070 G010300 N 070 G020300 N 070 H010300 N 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 Y 070 J020300 Y 070 K010300 Y 070 K020300 N 070 L010300 Y 070 L020300 N 070 M010300 Y 070 M020300 N 070 N010300 Y 070 N020300 Y 070 O010300 Y 070 O020300 N 070 P010300 Y 070 P020300 N 070 Q010300 N 070 Q020300 N 070 R010300 Y 070 R020300 N 071 A000300 197955 071 B000300 321256 PAGE 21 071 C000300 1364572 071 D000300 15 072 A000300 6 072 B000300 2107 072 C000300 4819 072 D000300 0 072 E000300 203 072 F000300 8830 072 G000300 0 072 H000300 0 072 I000300 843 072 J000300 101 072 K000300 0 072 L000300 159 072 M000300 9 072 N000300 18 072 O000300 0 072 P000300 0 072 Q000300 0 072 R000300 10 072 S000300 9 072 T000300 0 072 U000300 0 072 V000300 0 072 W000300 -14 072 X000300 9965 072 Y000300 0 072 Z000300 -2836 072AA000300 49516 072BB000300 0 072CC010300 38609 072CC020300 0 072DD010300 0 072DD020300 0 072EE000300 62209 073 A010300 0.0000 073 A020300 0.0000 073 B000300 0.8412 073 C000300 0.0000 074 A000300 1 074 B000300 15244 074 C000300 59998 074 D000300 0 074 E000300 0 074 F000300 1358585 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 1229 074 K000300 0 074 L000300 2344 PAGE 22 074 M000300 144537 074 N000300 1581938 074 O000300 3242 074 P000300 1421 074 Q000300 0 074 R010300 0 074 R020300 0 074 R030300 0 074 R040300 148313 074 S000300 0 074 T000300 1428962 074 U010300 68714 074 U020300 0 074 V010300 20.80 074 V020300 0.00 074 W000300 0.0000 074 X000300 35549 074 Y000300 0 075 A000300 0 075 B000300 1445955 076 000300 0.00 024 000400 N 025 D000401 0 025 D000402 0 025 D000403 0 025 D000404 0 025 D000405 0 025 D000406 0 025 D000407 0 025 D000408 0 028 A010400 3155 028 A020400 0 028 A030400 0 028 A040400 1055 028 B010400 2223 028 B020400 1964 028 B030400 0 028 B040400 620 028 C010400 5036 028 C020400 0 028 C030400 0 028 C040400 688 028 D010400 4652 028 D020400 0 028 D030400 0 028 D040400 2884 028 E010400 3641 028 E020400 0 028 E030400 0 028 E040400 1581 028 F010400 5144 PAGE 23 028 F020400 0 028 F030400 0 028 F040400 1306 028 G010400 23851 028 G020400 1964 028 G030400 0 028 G040400 8134 028 H000400 0 045 000400 Y 046 000400 N 047 000400 Y 048 000400 0.750 048 A010400 0 048 A020400 0.000 048 B010400 0 048 B020400 0.000 048 C010400 0 048 C020400 0.000 048 D010400 0 048 D020400 0.000 048 E010400 0 048 E020400 0.000 048 F010400 0 048 F020400 0.000 048 G010400 0 048 G020400 0.000 048 H010400 0 048 H020400 0.000 048 I010400 0 048 I020400 0.000 048 J010400 0 048 J020400 0.000 048 K010400 0 048 K020400 0.000 049 000400 N 050 000400 N 051 000400 N 052 000400 N 053 A000400 N 055 A000400 N 055 B000400 N 056 000400 N 057 000400 N 058 A000400 N 059 000400 Y 060 A000400 Y 060 B000400 Y 061 000400 500 066 A000400 Y 066 B000400 N 066 C000400 N PAGE 24 066 D000400 N 066 E000400 Y 066 F000400 N 066 G000400 N 067 000400 Y 068 A000400 N 068 B000400 N 069 000400 N 070 A010400 Y 070 A020400 Y 070 B010400 Y 070 B020400 N 070 C010400 Y 070 C020400 N 070 D010400 Y 070 D020400 N 070 E010400 N 070 E020400 N 070 F010400 N 070 F020400 N 070 G010400 N 070 G020400 N 070 H010400 N 070 H020400 N 070 I010400 N 070 I020400 N 070 J010400 Y 070 J020400 N 070 K010400 Y 070 K020400 N 070 L010400 Y 070 L020400 N 070 M010400 Y 070 M020400 N 070 N010400 Y 070 N020400 Y 070 O010400 Y 070 O020400 N 070 P010400 Y 070 P020400 N 070 Q010400 N 070 Q020400 N 070 R010400 Y 070 R020400 N 071 A000400 17310 071 B000400 3419 071 C000400 39014 071 D000400 9 072 A000400 6 072 B000400 442 072 C000400 331 PAGE 25 072 D000400 0 072 E000400 3 072 F000400 147 072 G000400 0 072 H000400 0 072 I000400 44 072 J000400 24 072 K000400 0 072 L000400 8 072 M000400 5 072 N000400 18 072 O000400 0 072 P000400 0 072 Q000400 0 072 R000400 10 072 S000400 5 072 T000400 0 072 U000400 0 072 V000400 0 072 W000400 2 072 X000400 264 072 Y000400 0 072 Z000400 512 072AA000400 691 072BB000400 0 072CC010400 3184 072CC020400 0 072DD010400 594 072DD020400 0 072EE000400 1481 073 A010400 0.2359 073 A020400 0.0000 073 B000400 0.5882 073 C000400 0.0000 074 A000400 1 074 B000400 729 074 C000400 3000 074 D000400 15369 074 E000400 3049 074 F000400 31776 074 G000400 0 074 H000400 0 074 I000400 0 074 J000400 0 074 K000400 0 074 L000400 628 074 M000400 3371 074 N000400 57922 074 O000400 972 074 P000400 30 074 Q000400 0 PAGE 26 074 R010400 0 074 R020400 0 074 R030400 0 074 R040400 3465 074 S000400 0 074 T000400 53455 074 U010400 3577 074 U020400 0 074 V010400 14.95 074 V020400 0.00 074 W000400 0.0000 074 X000400 2958 074 Y000400 0 075 A000400 0 075 B000400 41288 076 000400 0.00 024 000500 Y 025 A000501 ICHIYOSHI SECURITIES 025 B000501 foreign 025 C000501 E 025 D000501 1312 025 D000502 0 025 D000503 0 025 D000504 0 025 D000505 0 025 D000506 0 025 D000507 0 025 D000508 0 028 A010500 6087 028 A020500 0 028 A030500 0 028 A040500 5108 028 B010500 3400 028 B020500 7423 028 B030500 0 028 B040500 2666 028 C010500 5131 028 C020500 0 028 C030500 0 028 C040500 6050 028 D010500 7920 028 D020500 0 028 D030500 0 028 D040500 4023 028 E010500 16961 028 E020500 0 028 E030500 0 028 E040500 4113 028 F010500 13551 028 F020500 0 028 F030500 0 PAGE 27 028 F040500 5365 028 G010500 53050 028 G020500 7423 028 G030500 0 028 G040500 27325 028 H000500 0 037 000500 N 038 000500 0 039 000500 N 040 000500 N 041 000500 N 045 000500 Y 046 000500 N 047 000500 Y 048 000500 1.250 048 A010500 0 048 A020500 0.000 048 B010500 0 048 B020500 0.000 048 C010500 0 048 C020500 0.000 048 D010500 0 048 D020500 0.000 048 E010500 0 048 E020500 0.000 048 F010500 0 048 F020500 0.000 048 G010500 0 048 G020500 0.000 048 H010500 0 048 H020500 0.000 048 I010500 0 048 I020500 0.000 048 J010500 0 048 J020500 0.000 048 K010500 0 048 K020500 0.000 049 000500 N 050 000500 N 051 000500 N 052 000500 N 053 A000500 N 055 A000500 N 055 B000500 Y 056 000500 N 057 000500 N 058 A000500 N 059 000500 Y 060 A000500 Y 060 B000500 Y 061 000500 500 PAGE 28 066 A000500 Y 066 B000500 N 066 C000500 N 066 D000500 Y 066 E000500 N 066 F000500 N 066 G000500 N 067 000500 N 068 A000500 N 068 B000500 Y 069 000500 N 070 A010500 Y 070 A020500 Y 070 B010500 Y 070 B020500 N 070 C010500 Y 070 C020500 N 070 D010500 Y 070 D020500 N 070 E010500 Y 070 E020500 N 070 F010500 N 070 F020500 N 070 G010500 N 070 G020500 N 070 H010500 N 070 H020500 N 070 I010500 N 070 I020500 N 070 J010500 Y 070 J020500 N 070 K010500 Y 070 K020500 Y 070 L010500 Y 070 L020500 Y 070 M010500 Y 070 M020500 Y 070 N010500 Y 070 N020500 Y 070 O010500 Y 070 O020500 Y 070 P010500 Y 070 P020500 N 070 Q010500 N 070 Q020500 N 070 R010500 Y 070 R020500 N 071 A000500 39687 071 B000500 20230 071 C000500 58895 071 D000500 34 PAGE 29 072 A000500 6 072 B000500 110 072 C000500 909 072 D000500 0 072 E000500 5 072 F000500 377 072 G000500 0 072 H000500 0 072 I000500 58 072 J000500 88 072 K000500 0 072 L000500 15 072 M000500 5 072 N000500 16 072 O000500 0 072 P000500 0 072 Q000500 0 072 R000500 12 072 S000500 5 072 T000500 0 072 U000500 1 072 V000500 0 072 W000500 9 072 X000500 586 072 Y000500 0 072 Z000500 438 072AA000500 1593 072BB000500 106 072CC010500 0 072CC020500 6528 072DD010500 308 072DD020500 0 072EE000500 7368 073 A010500 0.0559 073 A020500 0.0000 073 B000500 1.3372 073 C000500 0.0000 074 A000500 13 074 B000500 2001 074 C000500 6000 074 D000500 0 074 E000500 0 074 F000500 76134 074 G000500 0 074 H000500 0 074 I000500 0 074 J000500 840 074 K000500 0 074 L000500 2855 074 M000500 1332 074 N000500 89175 PAGE 30 074 O000500 721 074 P000500 76 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 0 074 R040500 1537 074 S000500 0 074 T000500 86841 074 U010500 9060 074 U020500 0 074 V010500 9.59 074 V020500 0.00 074 W000500 0.0000 074 X000500 4381 074 Y000500 0 075 A000500 0 075 B000500 64127 076 000500 0.00 024 000600 N 025 D000601 0 025 D000602 0 025 D000603 0 025 D000604 0 025 D000605 0 025 D000606 0 025 D000607 0 025 D000608 0 028 A010600 32129 028 A020600 0 028 A030600 0 028 A040600 10581 028 B010600 80050 028 B020600 0 028 B030600 0 028 B040600 11890 028 C010600 56300 028 C020600 0 028 C030600 0 028 C040600 16869 028 D010600 59060 028 D020600 0 028 D030600 0 028 D040600 27564 028 E010600 87981 028 E020600 0 028 E030600 0 028 E040600 22413 028 F010600 0 028 F020600 0 028 F030600 0 PAGE 31 028 F040600 0 028 G010600 315520 028 G020600 0 028 G030600 0 028 G040600 89317 028 H000600 0 045 000600 Y 046 000600 N 047 000600 Y 048 000600 0.000 048 A010600 1000000 048 A020600 1.000 048 B010600 500000 048 B020600 0.950 048 C010600 500000 048 C020600 0.900 048 D010600 500000 048 D020600 0.850 048 E010600 0 048 E020600 0.000 048 F010600 0 048 F020600 0.000 048 G010600 0 048 G020600 0.000 048 H010600 0 048 H020600 0.000 048 I010600 0 048 I020600 0.000 048 J010600 0 048 J020600 0.000 048 K010600 2500000 048 K020600 0.800 049 000600 N 050 000600 N 051 000600 N 052 000600 N 053 A000600 N 055 A000600 N 055 B000600 Y 056 000600 N 057 000600 N 058 A000600 N 059 000600 Y 060 A000600 N 060 B000600 N 061 000600 1000 066 A000600 Y 066 B000600 N 066 C000600 N 066 D000600 Y 066 E000600 N PAGE 32 066 F000600 N 066 G000600 N 067 000600 N 068 A000600 N 068 B000600 N 069 000600 N 070 A010600 Y 070 A020600 Y 070 B010600 Y 070 B020600 N 070 C010600 Y 070 C020600 N 070 D010600 Y 070 D020600 N 070 E010600 N 070 E020600 N 070 F010600 N 070 F020600 N 070 G010600 N 070 G020600 N 070 H010600 N 070 H020600 N 070 I010600 N 070 I020600 N 070 J010600 Y 070 J020600 N 070 K010600 Y 070 K020600 N 070 L010600 Y 070 L020600 N 070 M010600 Y 070 M020600 N 070 N010600 Y 070 N020600 Y 070 O010600 Y 070 O020600 N 070 P010600 Y 070 P020600 N 070 Q010600 N 070 Q020600 N 070 R010600 Y 070 R020600 N 071 A000600 725843 071 B000600 35816 071 C000600 886673 071 D000600 4 072 A000600 6 072 B000600 2306 072 C000600 4205 072 D000600 0 072 E000600 27 PAGE 33 072 F000600 4350 072 G000600 0 072 H000600 0 072 I000600 666 072 J000600 78 072 K000600 0 072 L000600 78 072 M000600 7 072 N000600 234 072 O000600 0 072 P000600 0 072 Q000600 0 072 R000600 9 072 S000600 6 072 T000600 0 072 U000600 1 072 V000600 0 072 W000600 17 072 X000600 5446 072 Y000600 0 072 Z000600 1092 072AA000600 10299 072BB000600 0 072CC010600 226617 072CC020600 0 072DD010600 0 072DD020600 0 072EE000600 6882 073 A010600 0.0000 073 A020600 0.0000 073 B000600 0.1678 073 C000600 0.0000 074 A000600 1 074 B000600 19467 074 C000600 74816 074 D000600 0 074 E000600 0 074 F000600 1402514 074 G000600 0 074 H000600 0 074 I000600 0 074 J000600 0 074 K000600 0 074 L000600 13733 074 M000600 103028 074 N000600 1613558 074 O000600 21318 074 P000600 1058 074 Q000600 0 074 R010600 0 074 R020600 0 PAGE 34 074 R030600 0 074 R040600 104318 074 S000600 0 074 T000600 1486864 074 U010600 74844 074 U020600 0 074 V010600 19.87 074 V020600 0.00 074 W000600 0.0000 074 X000600 39146 074 Y000600 0 075 A000600 0 075 B000600 961043 076 000600 0.00 SIGNATURE KRISTI L. ROWSELL TITLE ASSISTANT TREASURER EX-99 2 AMENDMENT TO ADVISORY AGREEMENT AMENDMENT TO INVESTMENT ADVISORY AGREEMENT FOR THE OAKMARK SELECT FUND HARRIS ASSOCIATES INVESTMENT TRUST, a Massachusetts business trust registered under the Investment Company Act of 1940 (the 1940 Act ) as an open-end diversified management investment company (the Trust ), and HARRIS ASSOCIATES L.P., a Delaware limited partnership registered under the Investment Advisers Act of 1940 as an investment adviser (the Adviser ), agree that paragraph 6 of the investment advisory agreement between the parties for The Oakmark Select Fund (the Fund ) dated October 22, 1996 is amended as of the date of this amendment to read as follows: 6. Compensation of Adviser. For the services to be rendered and the charges and expenses to be assumed and to be paid by the Adviser hereunder, the Trust shall pay out of Fund assets to the Adviser a monthly fee, based on the Fund s net assets as of the last business day of the preceding month, at the annual rate of 1.00% on the first $1 billion of net assets, .95% on the next $500 million of net assets, .90% on the next $500 million of net assets, .85% on the next $500 million of net assets and .80% on net assets in excess of 2.5 billion. The fee for a month shall be paid as soon as practicable after thelast day of that month. The fee payable hereunder shall be reduced proportionately during any month in which this agreement is not in effect for the entire month. Dated: September 9, 1997 HARRIS ASSOCIATES INVESTMENT TRUST By: /s/ Victor A. Morgenstern HARRIS ASSOCIATES L.P. by Harris Associates, Inc. its General Partner By: /s/ Robert Levy EX-99 3 ADVISORY AGREEMENT INVESTMENT ADVISORY AGREEMENT FOR THE OAKMARK SELECT FUND HARRIS ASSOCIATES INVESTMENT TRUST, a Massachusetts business trust registered under the Investment Company Act of 1940 (the 1940 Act ) as an open-end diversified management investment company (the Trust ), and HARRIS ASSOCIATES L.P., a Delaware limited partnership registered under the Investment Advisers Act of 1940 as an investment adviser (the Adviser ), agree as follows: 1. Appointment of Adviser. The Trust appoints the Adviser to act as manager and investment adviser to The Oakmark Select Fund (the Fund ), a series of the Trust, for the period and on the terms herein set forth. The Adviser accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided. 2. Services of Adviser. (a) The Adviser shall manage the investment and reinvestment of the assets of the Fund, subject to the supervision of the board of trustees of the Trust, for the period and on the terms set forth in this agreement. The Adviser shall give due consideration to the investment policies and restrictions and the other statements concerning the Fund in the Trust s Agreement and Declaration of Trust, bylaws and registration statements under the 1940 Act and the Securities Act of 1933 (the 1933 Act ), and to the provisions of the Internal Revenue Code applicable to the Trust as a regulated investment company. The Adviser shall be deemed for all purposes to be an independent contractor and not an agent of the Trust or the Fund, and unless otherwise expressly provided or authorized, shall have no authority to act or represent the Trust or the Fund in any way. (b) The Adviser shall place all orders for the purchase and sale of portfolio securities for the account of the Fund with brokers or dealers selected by the Adviser, although the Fund will pay the actual brokerage commissions on portfolio transactions in accordance with Paragraph 4. In executing portfolio transactions and selecting brokers or dealers, the Adviser will use its best efforts to seek on behalf of the Fund the best overall terms available for any transaction. The Adviser shall consider all factors it deems relevant, including the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer, and the reasonableness of the commission, if any (for the specific transaction and on a continuing basis). (c) To the extent contemplated by the Trust s registration statement under the 1933 Act, in evaluating the best overall terms available, and inselecting the broker or dealer to execute a particular transaction, the Adviser may also consider the brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934) provided to the Fund and/or other accounts over which the Adviser or an affiliate of the Adviser exercises investment discretion. Consistent with the Rules of Fair Practice of the National Association of Securities Dealers, Inc. and subject to seeking the most favorable combination of net price and execution available, the Adviser may consider sales of shares of the Fund as a factor in the selection of broker-dealers to execute portfolio transactions for the Fund. The Adviser is authorized to pay to a broker or dealer who provides such brokerage and research services a commission for executing a portfolio transaction for the Fund which is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if, but only if, the Adviser determines in good faith that such commission was reasonable in relation to the valueof the brokerage and research services provided by such broker or dealer, viewed in terms of that particular transaction or in terms of all of the accounts over which investment discretion is so exercised. 3. Services other than as Adviser. The Adviser (or an affiliate of the Adviser) may act as broker for the Trust in connection with the purchase or sale of securities by or to the Trust if and to the extent permitted by procedures adopted from time to time by the board of trustees of the Trust. Such brokerage services are not within the scope of the duties of the Adviser under this agreement, and, within the limits permitted by law and the trustees, the Adviser (or an affiliate of the Adviser) may receive brokerage commissions, fees or other remuneration from the Trust for such services in addition to its fee for services as Adviser. Within the limits permitted by law, the Adviser may receive compensation from the Trust for other services performed by or for the Trust which are not within the scope of the duties of the Adviser under this agreement. 4. Expenses to be paid by Adviser. The Adviser shall furnish to the Trust, its own expense, such office space and all office facilities, equipment and personnel necessary to render the services set forth in paragraph 2 above. The Adviser shall also assume and pay all expenses incurred by it related to the placement of securities orders, and all expenses of marketing shares of the Trust. 5. Expenses to be paid by the Trust. The Trust shall pay all expenses not expressly assumed by the Adviser, including but not limited to: all charges of depositories, custodians and other agencies for the safekeeping and servicing of its cash, securities and other property and of its transfer agents, fund accounting agents, registrars and its dividend disbursing and redemption agents, if any; all charges of legal counsel and of independent auditors; all compensation of trustees other than those affiliated with the Adviser and all expenses incurred in connection with their services to the Trust; all costs of borrowing money; all expenses of publication of notices and reports to its shareholders and to governmental bodies or regulatory agencies; all expenses of proxy solicitations of the Trust or its board of trustees with respect to the Fund; all expenses of shareholder meetings; all expenses of typesetting of the Fund s prospectus and of printing and mailing copies of the prospectus furnished to each then-existing shareholder or beneficial owner; all taxes and fees payable to federal, state or other governmental agencies, domestic or foreign; all stamp or other transfer taxes; all expenses of printing and mailing certificates for shares of the Trust; all expenses of bond and insurance coverage required by law or deemed advisable by the Trust s board of trustees; all expenses of maintaining the registration of shares of the Trust under the 1933 Act and of qualifying and maintaining qualification of shares of the Trust under the securities laws of such United States jurisdictions as the Trust may from time to time reasonably designate and all expenses of maintaining the registration of the Trust under the 1940 Act; and all fees, dues and other expenses related to membership of the Trust in any trade association or other investment company organization. In addition to the payment of expenses, the Trust shall also pay all brokers'commissions and other charges relating to the purchase and sale of portfoliosecurities. 6. Compensation of Adviser. For the services to be rendered and the charges and expenses to be assumed and to be paid by the Adviser hereunder, the Trust shall pay out of Fund assets to the Adviser a monthly fee, based on the Fund s net assets as of the last business day of the preceding month, at the annual rate of 1.00% of net assets. The fee for a month shall be paid as soon as practicable after the last day of that month. The fee payable hereunder shall be reduced proportionately during any month in which this agreement is not in effect for the entire month. 7. Limitation of expenses of the Fund. The total expenses of the Fund, exclusive of taxes, interest and extraordinary litigation expenses, but including fees paid to the Adviser, shall not in any fiscal year of the Trust exceed the most restrictive limits prescribed by any state in which Fund shares are then being offered for sale, and the Adviser agrees to reimburse the Fund for any sums expended for such expenses in excess of that amount. Brokers commissions and other charges relating to the purchase and sale of portfolio securities shall not be regarded as expenses. 8. Services of Adviser not exclusive. The services of the Adviser to the Trust hereunder are not exclusive, and the Adviser shall be free to render similar services to others so long as its services under this agreement are not impaired by such other activities. 9. Liability of Adviser. The Adviser shall not be liable to the Trust or its shareholders for any loss suffered by the Trust or its shareholders from or as a consequence of any act or omission of the Adviser, or of any of the partners, employees or agents of the Adviser, in connection with or pursuant to this agreement, except by reason of willful misfeasance, bad faith or gross negligence on the part of the Adviser in the performance of its duties or by reason of reckless disregard by the Adviser of its obligations and duties under this agreement. 10. Liability of Trust. The obligations of the Trust hereunder shall not be binding upon any of the trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but shall bind only the assets and property of the Trust as provided in the Agreement and Declaration of Trust of the Trust. 11. Use of Adviser s name. The Trust may use the name Harris Associates Investment Trust, or any other name derived from the name Harris Associates, and the name Oakmark only for so long as this agreement or any extension, renewal or amendment hereof remains in effect, including any similar agreement with any organization which shall have succeeded to the business of the Adviser as investment adviser. At such time as this agreement or any extension, renewal or amendment hereof, or such other similar agreement shall no longer be in effect, the Trust will (by amendment of its Agreement and Declaration of Trust, if necessary) cease to use any name derived from the name Harris Associates, any name similar thereto or any other name indicating that it is advised by or otherwise connected with the Adviser, or with any organization which shall have succeeded to the Adviser s business as investment adviser, and shall cease to use the name Oakmark or any name derived from the name Oakmark. The consent of the Adviser to the use of such names by the Trust shall not prevent the Adviser s permitting any other enterprise, including another investment company, to use such name or names. 12. Duration and renewal. (a) Unless terminated as provided in section 13, this agreement shall continue in effect until September 30, 1997, and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of the Trust or of the Adviser, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the board of trustees of the Trust or a vote of the holders of a majority of the outstanding shares of the Fund (which term as used throughout this agreement shall be construed in accordance with the definition of vote of a majority of the outstanding voting securities of a company in section 2(a)(42) of the 1940 Act). (b) Any approval of this agreement by the holders of a majority of the outstanding shares of the Fund shall be effective to continue this agreement notwithstanding that it has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. 13. Termination. This agreement may be terminated at any time, without payment of any penalty, by the board of trustees of the Trust, or by a vote of the holders of a majority of the outstanding shares of the Fund, upon 60 days written notice to the Adviser. This agreement may be terminated by the Adviser at any time upon 60 days written notice to the Trust. This agreement shall terminate automatically in the event of its assignment (as defined in section 2(a)(4) of the 1940 Act). 14. Amendment. This agreement may not be amended without the affirmative vote (a) of a majority of those trustees who are not interested persons (as defined in Section 2(a)(19) of the 1940 Act) of the Trust and (b) of the holders of a majority of the outstanding shares of the Fund. Dated: October 22, 1996 HARRIS ASSOCIATES INVESTMENT TRUST By: /s/ Victor A. Morgenstern HARRIS ASSOCIATES L.P. by Harris Associates, Inc. its General Partner By: /s/ Victor A. Morgenstern EX-99 4 AMENDMENT TO ADVISORY AGREEMENT AMENDMENT TO INVESTMENT ADVISORY AGREEMENT FOR THE OAKMARK SMALL CAP FUND HARRIS ASSOCIATES INVESTMENT TRUST, a Massachusetts business trust registered under the Investment Company Act of 1940 (the 1940 Act ) asan open-end diversified management investment company (the Trust ), and HARRIS ASSOCIATES L.P., a Delaware limited partnership registered under the Investment Advisers Act of 1940 as an investment adviser (the Adviser ), agree that paragraph 6 of the investment advisory agreement between the parties for The Oakmark Small Cap Fund (the Fund ) dated August 30, 1996 is amended as of the date of this amendment to read as follows: 6. Compensation of Adviser. For the services to be rendered and the chargesand expenses to be assumed and to be paid by the Adviser hereunder, the Trustshall pay out of Fund assets to the Adviser a monthly fee, based on the Fund s net assets as of the last business day of the preceding month, at the annual rate of 1.25% on the first $1 billion of net assets, 1.15% on the next $500 million of net assets, 1.10% on the next $500 million of net assets, 1.05% on the next $500 million of net assets and 1.00% on net assets in excess of $2.5 billion. The fee for a month shall be paid as soon as practicable after the last day of that month. The fee payable hereunder shall be reduced proportionately during any month in which this agreement is not in effect for the entire month. Dated: September 9, 1997 HARRIS ASSOCIATES INVESTMENT TRUST By: /s/ Victor A. Morgenstern HARRIS ASSOCIATES L.P. by Harris Associates, Inc. its General Partner By: /s/ Robert Levy EX-99 5 ADVISORY AGREEMENT INVESTMENT ADVISORY AGREEMENT FOR THE OAKMARK SMALL CAP FUND HARRIS ASSOCIATES INVESTMENT TRUST, a Massachusetts business trust registered under the Investment Company Act of 1940 (the 1940 Act ) as an open-end diversified management investment company (the Trust ), and HARRIS ASSOCIATES L.P., a Delaware limited partnership registered under the Investment Advisers Act of 1940 as an investment adviser (the Adviser ), agree as follows: 1. Appointment of Adviser. The Trust appoints the Adviser to act as manager and investment adviser to The Oakmark Small Cap Fund (the Fund ), a series of the Trust, for the period and on the terms herein set forth. The Adviser accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided. 2. Services of Adviser. (a) The Adviser shall manage the investment and reinvestment of the assets of the Fund, subject to the supervision of the board of trustees of the Trust, for the period and on the terms set forth in this agreement. The Adviser shall give due consideration to the investment policies and restrictions and the other statements concerning the Fund in the Trust s Agreement and Declaration of Trust, bylaws and registration statements under the 1940 Act and the Securities Act of 1933 (the 1933 Act ), and to the provisions of the Internal Revenue Code applicable to the Trust as a regulated investment company. The Adviser shall be deemed for all purposes to be an independent contractor and not an agent of the Trust or the Fund, and unless otherwise expressly provided or authorized, shall have no authority to act or represent the Trust or the Fund in any way. (b) The Adviser shall place all orders for the purchase and sale of portfolio securities for the account of the Fund with brokers or dealers selected by the Adviser, although the Fund will pay the actual brokerage commissions on portfolio transactions in accordance with Paragraph 4. In executing portfolio transactions and selecting brokers or dealers, the Adviser will use its best efforts to seek on behalf of the Fund the best overall terms available for any transaction. The Adviser shall consider all factors it deems relevant, including the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer, and the reasonableness of the commission, if any (for the specific transaction and on a continuing basis). (c) To the extent contemplated by the Trust s registration statement under the 1933 Act, in evaluating the best overall terms available, and in selecting the broker or dealer to execute a particular transaction, the Adviser may also consider the brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934) provided to the Fund and/or other accounts over which the Adviser or an affiliate of the Adviser exercises investment discretion. Consistent with the Rules of Fair Practice of the National Association of Securities Dealers, Inc. and subject to seeking the most favorable combination of net price and execution available, the Adviser may consider sales of shares of the Fund as a factor in the selection of broker-dealers to execute portfolio transactions for the Fund. The Adviser is authorized to pay to a broker or dealer who provides such brokerage and research services a commission for executing a portfolio transaction for the Fund which is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if, but only if, the Adviser determines in good faith that such commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of that particular transaction or in terms of all of the accounts over which investment discretion is so exercised. 3. Services other than as Adviser. The Adviser (or an affiliate of the Adviser) may act as broker for the Trust in connection with the purchase or sale of securities by or to the Trust if and to the extent permitted by procedures adopted from time to time by the board of trustees of the Trust. Such brokerage services are not within the scope of the duties of the Adviser under this agreement, and, within the limits permitted by law and the trustees, the Adviser (or an affiliate of the Adviser) may receive brokerage commissions, fees or other remuneration from the Trust for such services in addition to its fee for services as Adviser. Within the limits permitted by law, the Adviser may receive compensation from the Trust for other services performed by or for the Trust which are not within the scope of the duties of the Adviser under this agreement. 4. Expenses to be paid by Adviser. The Adviser shall furnish to the Trust, at its own expense, such office space and all office facilities, equipment and personnel necessary to render the services set forth in paragraph 2 above. The Adviser shall also assume and pay all expenses incurred by it related to the placement of securities orders, and all expenses of marketing shares of the Trust. 5. Expenses to be paid by the Trust. The Trust shall pay all expenses not expressly assumed by the Adviser, including but not limited to: all charges of depositories, custodians and other agencies for the safekeeping and servicing of its cash, securities and other property and of its transfer agents, fund accounting agents, registrars and its dividend disbursing and redemption agents, if any; all charges of legal counsel and of independent auditors; all compensation of trustees other than those affiliated with the Adviser and all expenses incurred in connection with their services to the Trust; all costs of borrowing money; all expenses of publication of notices and reports to its shareholders and to governmental bodies or regulatory agencies; all expenses of proxy solicitations of the Trust or its board of trustees with respect to the Fund; all expenses of shareholder meetings; all expenses of typesetting of the Fund s prospectus and of printing and mailing copies of the prospectus furnished to each then-existing shareholder or beneficial owner; all taxes and fees payable to federal, state or other governmental agencies, domestic or foreign; all stamp or other transfer taxes; all expenses of printing and mailing certificates for shares of the Trust; all expenses of bond and insurance coverage required by law or deemed advisable by the Trust s board of trustees; all expenses of maintaining the registration of shares of the Trust under the 1933 Act and of qualifying and maintaining qualification of shares of the Trust under the securities laws of such United States jurisdictions as the Trust may from time to time reasonably designate and all expenses of maintaining the registration of the Trust under the 1940 Act; and all fees, dues and other expenses related to membership of the Trust in any trade association or other investment company organization. In addition to the payment of expenses, the Trust shall also pay all brokers commissions and other charges relating to the purchase and sale of portfolio securities. 6. Compensation of Adviser. For the services to be rendered and the charges and expenses to be assumed and to be paid by the Adviser hereunder, the Trust shall pay out of Fund assets to the Adviser a monthly fee, based on the Fund s net assets as of the last business day of the preceding month, at the annual rate of 1.25% of net assets. The fee for a month shall be paid as soon as practicable after the last day of that month. The fee payable hereunder shall be reduced proportionately during any month in which this agreement is not in effect for the entire month. 7. Limitation of expenses of the Fund. The total expenses of the Fund, exclusive of taxes, interest and extraordinary litigation expenses, but including fees paid to the Adviser, shall not in any fiscal year of the Trust exceed the most restrictive limits prescribed by any state in which Fund shares are then being offered for sale, and the Adviser agrees to reimburse the Fund for any sums expended for such expenses in excess of that amount. Brokers commissions and other charges relating to the purchase and sale of portfolio securities shall not be regarded as expenses. 8. Services of Adviser not exclusive. The services of the Adviser to the Trust hereunder are not exclusive, and the Adviser shall be free to render similar services to others so long as its services under this agreement are not impaired by such other activities. 9. Liability of Adviser. The Adviser shall not be liable to the Trust or its shareholders for any loss suffered by the Trust or its shareholders from or as a consequence of any act or omission of the Adviser, or of any of the partners, employees or agents of the Adviser, in connection with or pursuant to this agreement, except by reason of willful misfeasance, bad faith or gross negligence on the part of the Adviser in the performance of its duties or by reason of reckless disregard by the Adviser of its obligations and duties under this agreement. 10. Liability of Trust. The obligations of the Trust hereunder shall not be binding upon any of the trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but shall bind only the assets and property of the Trust as provided in the Agreement and Declaration of Trust of the Trust. 11. Use of Adviser s name. The Trust may use the name Harris Associates Investment Trust, or any other name derived from the name Harris Associates, and the name Oakmark only for so long as this agreement or any extension, renewal or amendment hereof remains in effect, including any similar agreement with any organization which shall have succeeded to the business of the Adviser as investment adviser. At such time as this agreement or any extension, renewal or amendment hereof, or such other similar agreement shall no longer be in effect, the Trust will (by amendment of its Agreement and Declaration of Trust, if necessary) cease to use any name derived from the name Harris Associates, any name similar thereto or any other name indicating that it is advised by or otherwise connected with the Adviser, or with any organization which shall have succeeded to the Adviser s business as investment adviser, and shall cease to use the name Oakmark or any name derived from the name Oakmark. The consent of the Adviser to the use of such names by the Trust shall not prevent the Adviser s permitting any other enterprise, including another investment company, to use such name or names. 12. Duration and renewal. (a) Unless terminated as provided in section 13, this agreement shall continue in effect until September 30, 1997, and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of the Trust or of the Adviser, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the board of trustees of the Trust or a vote of the holders of a majority of the outstanding shares of the Fund (which term as used throughout this agreement shall be construed in accordance with the definition of vote of a majority of the outstanding voting securities of a company in section 2(a)(42) of the 1940 Act). (b) Any approval of this agreement by the holders of a majority of the outstanding shares of the Fund shall be effective to continue this agreement notwithstanding that it has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. 13. Termination. This agreement may be terminated at any time, without payment of any penalty, by the board of trustees of the Trust, or by a vote of the holders of a majority of the outstanding shares of the Fund, upon 60 days written notice to the Adviser. This agreement may be terminated by the Adviser at any time upon 60 days written notice to the Trust. This agreement shall terminate automatically in the event of its assignment (as defined in section 2(a)(4) of the 1940 Act). 14. Amendment. This agreement may not be amended without the affirmative vote (a) of a majority of those trustees who are not interested persons (as defined in Section 2(a)(19) of the 1940 Act) of the Trust and (b) of the holders of a majority of the outstanding shares of the Fund. Dated: August 30, 1996 HARRIS ASSOCIATES INVESTMENT TRUST By: /s/ Victor A. Morgenstern HARRIS ASSOCIATES L.P. by Harris Associates, Inc. its General Partner By:/s/ Victor A. Morgenstern -----END PRIVACY-ENHANCED MESSAGE-----