CHICAGO, Dec. 20 /PRNewswire/ -- Harris Associates L. P. announced today that The Oakmark International and Oakmark International Small Cap Funds will re-open to new investors on January 2, 2008. The Oakmark International Fund, which was launched on September 30, 1992, closed to most new investors December 15, 2003. The Oakmark International Small Cap Fund, which was launched on November 1, 1995, closed to new investors May 10, 2002. "In the years that the Funds were closed, the desire of existing investors to add to their accounts fully offset the needs of existing investors to sell their shares. Over the past several months that no longer held true," says David Herro, portfolio manager of The Oakmark International and International Small Cap Funds. "We're excited about the investment opportunities we're seeing around the world and believe that restoring the balance between purchases and sales is in the best interest of Fund shareholders." For more information about The Oakmark International and Oakmark International Small Cap funds, please visit http://www.oakmark.com. Prospective investors can purchase shares directly from Oakmark by visiting http://www.oakmark.com or calling 1-800-OAKMARK (625-6275). The Funds will also be available through certain third party intermediaries. ABOUT THE OAKMARK INTERNATIONAL AND OAKMARK INTERNATIONAL SMALL CAP FUNDS: The Oakmark International investment philosophy is centered in the belief that superior, long-term results are achieved through investing as owners in quality companies that can be purchased at a significant discount to their true economic value. The Oakmark International Fund seeks capital appreciation by investing in a portfolio of approximately 40-60 mid- and large-cap companies based outside the U.S. The Oakmark International Small Cap Fund seeks capital appreciation by investing in a portfolio of 40-60 small-cap companies based outside the U.S. ABOUT THE OAKMARK FUNDS AND HARRIS ASSOCIATES L.P.: The Oakmark Funds are a $37 billion mutual fund family that utilizes a long-term value investment approach. Harris Associates L. P., a Chicago-based investment management firm founded in 1976, serves as the Adviser to The Oakmark Funds and manages domestic, international and global portfolios for institutional and high net worth investors. The Oakmark Funds are distributed by Harris Associates Securities L. P., member FINRA. For more information including management fees and expenses and the special risks of investing, visit http://www.oakmark.com or call 1-800-OAKMARK for a prospectus. An investor should consider a fund's investment objectives, risks, and charges and expenses carefully before investing. This and other information are contained in the prospectus.
SOURCE Harris Associates L.P.