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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000912057-99-006432.txt : 19991117
<SEC-HEADER>0000912057-99-006432.hdr.sgml : 19991117
ACCESSION NUMBER:		0000912057-99-006432
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19991116

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:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-38953
		FILM NUMBER:		99758659

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>497
<TEXT>

<PAGE>
                           THE OAKMARK SMALL CAP FUND
     SUPPLEMENT DATED NOVEMBER 16, 1999 TO PROSPECTUS DATED JANUARY 4, 1999

                             ---------------------

James P. Benson, C.F.A., has become co-portfolio manager of The Oakmark Small
Cap Fund with Steven J. Reid. Mr. Benson joined the Adviser as an investment
analyst in 1997. Prior thereto, he had been an Executive Vice-President and
Director of Equity Research for Ryan Beck & Co. Mr. Benson holds a M.M. in
Finance from Northwestern University (1981) and a B.A. in Economics and Computer
Science from Westminster College (1979).
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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