0001104659-11-071640.txt : 20111229 0001104659-11-071640.hdr.sgml : 20111229 20111229160456 ACCESSION NUMBER: 0001104659-11-071640 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111229 DATE AS OF CHANGE: 20111229 EFFECTIVENESS DATE: 20111229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARRIS ASSOCIATES INVESTMENT TRUST CENTRAL INDEX KEY: 0000872323 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-38953 FILM NUMBER: 111286749 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 0000872323 S000002760 Oakmark Equity and Income C000007558 Class I OAKBX C000007559 Class II OARBX 497 1 a11-32405_1497.htm N-1A

 

HARRIS ASSOCIATES INVESTMENT TRUST

 

Supplement dated December 29, 2011 to the Prospectus of

The Oakmark Funds dated January 28, 2011 and the Summary Prospectus of the Oakmark Equity and Income Fund dated January 28, 2011 (the “Summary Prospectus”)

 

As of December 31, 2011, the following replaces the paragraph under “Portfolio Managers” on page 16 of the prospectus and page 3 of the Summary Prospectus.

 

Clyde S. McGregor, C.F.A. manages the Fund’s portfolio.  Mr. McGregor is a Vice President and portfolio manager of the Adviser. He joined the Adviser in 1981 and has managed the Fund since its inception.

 

As of December 31, 2011, the following replaces the information on page 51 of the prospectus under the section titled “Management of the Funds” relating to Equity and Income Fund.

 

Equity and Income Fund is managed by Clyde S. McGregor, C.F.A.  Mr. McGregor joined the Adviser as an analyst in 1981 and began managing portfolios in 1986. He holds an M.B.A. in Finance from the University of Wisconsin—Madison (1977) and a B.A. in Economics and Religion from Oberlin College (1974).

 

PROSUPDEC11

 


 

HARRIS ASSOCIATES INVESTMENT TRUST

 

Supplement dated December 29, 2011 to the Statement of Additional

Information of The Oakmark Funds dated January 28, 2011

 

Accordingly, as of December 31, 2011, all references and information relating to Mr. Studzinski in the Statement of Additional Information is hereby deleted.

 

SAISUPDEC 11