HARRIS ASSOCIATES INVESTMENT TRUST
Supplement dated August 1, 2012 to the Summary Prospectus
of the Oakmark Select Fund dated January 27, 2012 (the "Summary Prospectus")

Effective August 1, the following replaces the table entitled "Shareholder Fees" on page 1 of the Summary Prospectus.

Shareholder Fees (fees paid directly from your investment)

	Class I		Class II
Maximum sales charge (load) imposed on purchases		None		None
Maximum deferred sales charge (load)		None		None
Redemption fee		None		None
Exchange fee		None		None

Effective August 1, the following replaces the paragraph under "Portfolio Managers" on page 3 of the Summary Prospectus.

William C. Nygren, C.F.A. manages the Fund's portfolio. Mr. Nygren is a Vice President, portfolio manager and analyst of the Adviser. He joined the Adviser in 1983 and has managed the Fund since its inception.

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