The Oakmark Funds

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	Benchmark Change for Oakmark International Small Cap Fund
	Oakmark Equity and Income Fund increases non-U.S. asset limit
	President's Letter for the Third Quarter
	Q&A on Cash Holdings and Security Lending
	Third Quarter Manager Commentary
	Fund Ratings and Rankings
	Oakmark Global Fund Re-Opens to New Investors
	Saving for Retirement with an IRA
	Fund Distribution and Mutual Fund Tax Information
	Oakmark International and International Small Cap Funds Re-Open to New Investors
	An update on Oakmark Select
	2007 Year-End Fund Distributions
	A Message About Oakmark Select
	David Herro Named Morningstar's International Equity Fund Manager of the Year for 2006
	Remove the Guesswork from Investing
	Saving for college?
	Sign Up For Oakmark Email Updates
	New to the Oakmark site?

	Oakmark Equity and Income is "The Right Balance" according to Value Investor Insight
	"Worlds Greatest Investors" reprinted from SmartMoney magazine
	Fortune Magazine's "Young Funds To Watch" include Oakmark Global Select
	"Five Key Lessons From Top Money Managers" by Scott Kays Permission John Wiley & Sons

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For more information on The Oakmark Funds, including a prospectus which explains management fees and expenses and the special risks of investing in the Funds, please call 1-800-OAKMARK. Click here to view the prospectus on-line. Please read it carefully before investing. An investor should consider a fund�s investment objectives, risks, and charges and expenses carefully before investing. This and other information about the Funds are contained in the Funds' prospectus.

OAKMARK, OAKMARK FUNDS, OAKMARK INTERNATIONAL, and OAKMARK and tree design are trademarks owned or registered by Harris Associates L.P. in the U.S. and/or other countries.

Copyright 2008, Harris Associates Securities L.P., Distributor, Member FINRA.