<DOCUMENT>
<TYPE>EX-99.(E)(2)
<SEQUENCE>10
<FILENAME>a2064365zex-99_e2.txt
<DESCRIPTION>EXHIBIT 99.(E)(2)
<TEXT>
<Page>

                               FIRST AMENDMENT TO

                         DISTRIBUTION AGREEMENT BETWEEN

                       HARRIS ASSOCIATES INVESTMENT TRUST

                                       AND

                        HARRIS ASSOCIATES SECURITIES L.P.

        HARRIS ASSOCIATES INVESTMENT TRUST, a Massachusetts business trust
("HAIT"), and HARRIS ASSOCIATES SECURITIES L.P., a Delaware limited partnership
(the "Distributor"), agree that the distribution agreement between the parties
for HAIT dated January 26, 2001 is amended by adding the following paragraph
immediately following paragraph 18:

                 19. PRIVACY OF NONPUBLIC PERSONAL INFORMATION. The Distributor
        shall not disclose or use "nonpublic personal information" (as defined
        in Rule 3(t) of Regulation S-P, adopted by the Securities and Exchange
        Commission) to non-affiliated entities except as necessary to carry out
        the purposes for which HAIT disclosed such information to the
        Distributor, including information that is used in accordance with
        Rules 14 and 15 of Regulation S-P in the ordinary course of business to
        carry out those purposes.

Dated:  April 18, 2001


                                      HARRIS ASSOCIATES INVESTMENT TRUST

                                      By: /s/ Janet L. Reali
                                          ------------------------------


                                      HARRIS ASSOCIATES SECURITIES L.P.
                                        by Harris Associates, Inc.
                                          its General Partner

                                      By: /s/ Robert M. Levy
                                          ------------------------------

</TEXT>
</DOCUMENT>