| Trustees | Other Information |
| Victor A. Morgenstern—Chairman | Investment Adviser |
| Michael J. Friduss | Harris Associates L.P. |
| Thomas H. Hayden | Two North LaSalle Street |
| Christine M. Maki | Chicago, Illinois 60602-3790 |
| Allan J. Reich | |
| Marv Rotter | Transfer Agent |
| Burton W. Ruder | CDC IXIS Asset Management Services, Inc. |
| Peter S. Voss | Attention: The Oakmark Family of Funds |
| Gary Wilner, M.D. | P.O. Box 8510 |
| Boston, Massachusetts 02266-8510 | |
| Officers | |
| Robert M. Levy—President | Legal Counsel |
| James P. Benson—Vice President | Bell, Boyd & Lloyd LLC |
| Henry R. Berghoef—Vice President | Chicago, Illinois |
| Kevin G. Grant—Vice President | |
| David G. Herro—Vice President | |
Gregory L. Jackson—Vice President |
Independent Public Accountants |
| Clyde S. McGregor—Vice President | Arthur Andersen LLP |
| Anita M. Nagler—Vice President | Chicago, Illinois |
| William C. Nygren—Vice President | |
Janet Reali—Vice President and Secretary |
For More Information: |
| Ann W. Regan—Vice President— | Please call 1-800-OAKMARK |
| Shareholder Operations and Assistant Secretary | (1-800-625-6275) |
| Edward A. Studzinski—Vice President | or 617-449-6274 |
| Michael J. Welsh—Vice President | |
| Kristi L. Rowsell—Treasurer | Website |
| John J. Kane—Assistant Treasurer | www.oakmark.com |
| 24-hour NAV hotline | |
1-800-GROWOAK (1-800-476-9625) |
|
| E-mail Address | |
| ServiceComments@oakmark.com |
This report, including the audited financial statements contained herein, is submitted for the general information of the shareholders of the Funds. The report is not authorized for distribution to prospective investors in the Funds unless it is accompanied or preceded by a currently effective prospectus of the Funds. No sales charge to the shareholder or to the new investor is made in offering the shares of the Funds.