**CERTIFICATIONS**

    I, **Nicholas Kaiser**, certify that:    1. I have reviewed this report on Form N-Q of **Saturna InvesmentTrust**;    2. Based on my knowledge, this report does not contain any untrue statement    of a material fact necessary to make the statements made, in light of the    circumstances under which such statements were made, not misleading withrespect    to the period covered by this report;    3. Based on my knowledge, the schedules of investments included in thisreport    fairly present in all material respects the investments of the registrant    as of the end of the fiscal quarter for which the report is filed;    4. The registrant’s other certifying officer(s) and I are responsible    for establishing and maintaining disclosure controls and procedures (asdefined    in Rule 30a-3 (c) under the Investment Company Act of 1940) for theregistrant    and have:    a) Designed such disclosure controls and procedures, or caused suchdisclosure    controls and procedures to be designed under our supervision, to ensure that    material information relating to the registrant, including its consolidated    subsidiaries, is made known to us by others within those entities,particularly    during the period in which this report is being prepared;    b) Designed such internal control over financial reporting, or caused such    internal control over financial reporting to be designed under oursupervision,    to provide reasonable assurance regarding the reliability of financialreporting    and the preparation of financial statements for external purposes inaccordance    with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’sdisclosure    controls and procedures and presented in this report our conclusions about    the effectiveness of the disclosure controls and procedures, as of a date    within 90 days prior to the filing date of this report, based on suchevaluation;    and    d) Disclosed in this report any change in the registrant’s internalcontrol    over financial reporting that occurred during the registrant’s mostrecent    fiscal quarter that has materially affected, or is reasonably likely tomaterially    affect, the registrant’s internal control over financial reporting;and    5. The registrant’s other certifying officer(s) and I have disclosed    to the registrant’s auditors and the audit committee of theregistrant’s    board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the    design or operation of internal controls over financial reporting which are    reasonably likely to adversely affect the registrant’s ability torecord,    process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involvesmanagement    or other employees who have a significant role in the registrant’sinternal    control over financial reporting.

Date: October 27, 2004  /s/ *Nicholas Kaiser*  President

 

**CERTIFICATIONS**

  I, **Christopher Fankhauser**, certify that:  1. I have reviewed this report on Form N-Q of **Saturna InvesmentTrust**;  2. Based on my knowledge, this report does not contain any untrue statement  of a material fact necessary to make the statements made, in light of thecircumstances  under which such statements were made, not misleading with respect to theperiod  covered by this report;  3. Based on my knowledge, the schedules of investments included in this report  fairly present in all material respects the investments of the registrant as  of the end of the fiscal quarter for which the report is filed;  4. The registrant’s other certifying officer(s) and I are responsible for  establishing and maintaining disclosure controls and procedures (as defined  in Rule 30a-3 (c) under the Investment Company Act of 1940) for the registrant  and have:  a) Designed such disclosure controls and procedures, or caused such disclosure  controls and procedures to be designed under our supervision, to ensure that  material information relating to the registrant, including its consolidated  subsidiaries, is made known to us by others within those entities,particularly  during the period in which this report is being prepared;  b) Designed such internal control over financial reporting, or caused suchinternal  control over financial reporting to be designed under our supervision, toprovide  reasonable assurance regarding the reliability of financial reporting and the  preparation of financial statements for external purposes in accordance with  generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’sdisclosure  controls and procedures and presented in this report our conclusions about the  effectiveness of the disclosure controls and procedures, as of a date within  90 days prior to the filing date of this report, based on such evaluation;and  d) Disclosed in this report any change in the registrant’s internalcontrol  over financial reporting that occurred during the registrant’s mostrecent  fiscal quarter that has materially affected, or is reasonably likely tomaterially  affect, the registrant’s internal control over financial reporting;and  5. The registrant’s other certifying officer(s) and I have disclosed to  the registrant’s auditors and the audit committee of theregistrant’s  board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the  design or operation of internal controls over financial reporting which are  reasonably likely to adversely affect the registrant’s ability to record,  process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management  or other employees who have a significant role in the registrant’sinternal  control over financial reporting.

Date: October 27, 2004

  /s/ *Christopher Fankhauser*  Treasurer