**CERTIFICATION**

  I, **Nicholas Kaiser**, certify that:  1. I have reviewed this report on Form N-CSR of **Saturna InvestmentTrust**;  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 financial information included in this report,  and the financial statements on which the financial information is based,fairly  present in all material respects the financial condition, results ofoperations,  changes in net assets, and cash flows (if the financial statements arerequired  to include a statement of cash flows) of the registrant as of, and for, the  periods presented in this report;  4. The registrant’s other certifying officers and I are responsible for  establishing and maintaining disclosure controls and procedures (as defined  in Rule 30a-2 (c) under the Investment Company Act) for the registrant andhave:  a) designed such disclosure controls and procedures to ensure that material  information relating to the registrant, including its consolidatedsubsidiaries,  is made known to us by others within those entities, particularly during the  period in which this report is being prepared;  b) evaluated the effectiveness of the registrant’s disclosure controls  and procedures as of a date within 90 days prior to the filing of this report  (the “Evaluation Date”); and  c) presented in this report our conclusions about the effectiveness of thedisclosure  controls and procedures based on our evaluation as of the Evaluation Date;  5. The registrant’s other certifying officers and I have disclosed, based  on our most recent evaluation, to the registrant’s auditors and the audit  committee of the registrant’s board of directors (or persons performing  the equivalent functions):  a) all significant deficiencies in the design or operation of internalcontrols  which could adversely affect the registrant’s ability to record, process,  summarize, and report financial data and have identified for theregistrant’s  auditors any material weakness in internal controls; and  b) any fraud, whether or not material, that involves management or otheremployees  who have a significant role in the registrant’s internal controls;and  6. The registrant’s other certifying officers and I have indicated inthis  report whether or not there were significant changes in internal controls or  in other factors that could significantly affect internal controls subsequent  to the date of our most recent evaluation, including any corrective actions  with regard to significant deficiencies and material weaknesses.  Date: January 28, 2004  /s/ Nicholas Kaiser  Nicholas Kaiser   President, Saturna Investment Trust 

 

**CERTIFICATION**

  I, **Christopher Fankhauser**, certify that:  1. I have reviewed this report on Form N-CSR of **Saturna InvestmentTrust**;  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 financial information included in this report,  and the financial statements on which the financial information is based,fairly  present in all material respects the financial condition, results ofoperations,  changes in net assets, and cash flows (if the financial statements arerequired  to include a statement of cash flows) of the registrant as of, and for, the  periods presented in this report;  4. The registrant’s other certifying officers and I are responsible for  establishing and maintaining disclosure controls and procedures (as defined  in Rule 30a-2 (c) under the Investment Company Act) for the registrant andhave:  a) designed such disclosure controls and procedures to ensure that material  information relating to the registrant, including its consolidatedsubsidiaries,  is made known to us by others within those entities, particularly during the  period in which this report is being prepared;  b) evaluated the effectiveness of the registrant’s disclosure controls  and procedures as of a date within 90 days prior to the filing of this report  (the “Evaluation Date”); and  c) presented in this report our conclusions about the effectiveness of thedisclosure  controls and procedures based on our evaluation as of the Evaluation Date;  5. The registrant’s other certifying officers and I have disclosed, based  on our most recent evaluation, to the registrant’s auditors and the audit  committee of the registrant’s board of directors (or persons performing  the equivalent functions):  a) all significant deficiencies in the design or operation of internalcontrols  which could adversely affect the registrant’s ability to record, process,  summarize, and report financial data and have identified for theregistrant’s  auditors any material weakness in internal controls; and  b) any fraud, whether or not material, that involves management or otheremployees  who have a significant role in the registrant’s internal controls;and  6. The registrant’s other certifying officers and I have indicated inthis  report whether or not there were significant changes in internal controls or  in other factors that could significantly affect internal controls subsequent  to the date of our most recent evaluation, including any corrective actions  with regard to significant deficiencies and material weaknesses.  Date: January 28, 2004  /s/ Christopher Fankhauser  Christopher Fankhauser  Treasurer, Saturna Investment Trust