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<P ALIGN="JUSTIFY">&#9;<FONT SIZE=2>As filed with the Securities and Exchange Commission on March 16, 2001.</P>
<P ALIGN="JUSTIFY">Registration No. 333-__________</P>
</FONT><P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, D.C. 20549</P>
<P ALIGN="CENTER">________________________</P>
<B><FONT SIZE=4><P ALIGN="CENTER">FORM S-8</P>
</B></FONT><P ALIGN="CENTER">REGISTRATION STATEMENT</P>
<P ALIGN="CENTER">UNDER THE SECURITIES ACT OF 1933</P>
<P ALIGN="CENTER">_________________________</P>
<B><FONT SIZE=4><P ALIGN="CENTER">HAROLD'S STORES, INC.</P>
</B></FONT><FONT SIZE=2><P ALIGN="CENTER">(Name of registrant as specified in its charter)</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=6 WIDTH=667>
<TR><TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="CENTER"><B><FONT SIZE=2>Oklahoma</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">765 Asp Street</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="22%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">73-1308796</B></FONT></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(State or jurisdiction of incorporation or organization)</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Norman, Oklahoma 73069</P>
<P ALIGN="CENTER">(405) 329-4045</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(I.R.S. Employer</P>
<P ALIGN="CENTER">Identification No.)</FONT></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(Address, including zip code, and telephone number, including area code, of registrant's Principal Executive Offices)</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="22%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
</TABLE>
</CENTER></P>

<FONT SIZE=2><P ALIGN="CENTER">__________________________________________</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">1993</B> <B>EMPLOYEE STOCK PURCHASE PLAN</P>
</B><P ALIGN="CENTER">(Full title of the plan)</P>
<B><P ALIGN="CENTER">Jodi L. Taylor</P>
<P ALIGN="CENTER">765 Asp Street</P>
<P ALIGN="CENTER">Norman, Oklahoma 73069</P>
<P ALIGN="CENTER">(405) 329-4045</P>
</B><P ALIGN="CENTER">(Name, address, including zip code, and telephone number, including</P>
<P ALIGN="CENTER">area code, of agent for service)</P>
<P ALIGN="CENTER">Copy to:</P>
<P ALIGN="CENTER">J. Bradford Hammond, Esq.</P>
<P ALIGN="CENTER">Crowe &amp; Dunlevy, A Professional Corporation</P>
<P ALIGN="CENTER">500 Kennedy Building</P>
<P ALIGN="CENTER">321 South Boston</P>
<P ALIGN="CENTER">Tulsa, Oklahoma 74103-3133</P>
<P ALIGN="CENTER">(918) 592-9800</P>
<P ALIGN="CENTER">&nbsp;</P>
</FONT><B><P ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</P></B>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#ffffff" CELLPADDING=8 WIDTH=714>
<TR><TD WIDTH="34%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">Title of Securities to be Registered</B></FONT></TD>
<TD WIDTH="17%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">Amount to</P>
<P ALIGN="CENTER">Be Registered</B></FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Proposed</P>
<P ALIGN="CENTER">Maximum</P>
<P ALIGN="CENTER">Offering Price</P>
<P ALIGN="CENTER">Per Share(1)</B></FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Proposed</P>
<P ALIGN="CENTER">Maximum</P>
<P ALIGN="CENTER">Aggregate</P>
<P ALIGN="CENTER">Offering Price(1)</B></FONT></TD>
<TD WIDTH="18%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">Amount of</P>
<P ALIGN="CENTER">Registration Fee</B></FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="TOP">
<FONT SIZE=2><P>Common Stock, par value $0.01 per share </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;250,000</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;$2.425</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;$606,250</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;$151.56</FONT></TD>
</TR>
</TABLE>
<DIR>
<DIR>

<FONT SIZE=2><P ALIGN="JUSTIFY">(1)&#9;Estimated in accordance with Rule 457(h) solely for the purpose of calculating the registration fee based on the average of the high and low sales prices of the Common Stock as reported on the American Stock
Exchange on March 14, 2001.</P></DIR>
</DIR>

<P ALIGN="JUSTIFY">The contents of the Registrant's Registration Statement on Form S-8 (File No. 33-68604) relating to the Registrant's 1993 Employee Stock Purchase Plan ("Plan") are incorporated herein by reference. This Registration Statement has been
filed in accordance with General Instruction E to Form S-8 for the purpose of registering the offer and sale of 250,000 additional shares of Common Stock in connection with the Plan.</P>
<P ALIGN="JUSTIFY">For a list of exhibits filed as part of this Registration Statement, see the Exhibit Index hereto.</P>
<P ALIGN="JUSTIFY">&#9;<B>SIGNATURES</P>
</B><P ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Norman, State of Oklahoma on March 16, 2001.</P>
<P ALIGN="JUSTIFY">&#9;&#9;</FONT>&#9;<FONT SIZE=2>HAROLD'S STORES, INC.</P>
<P ALIGN="JUSTIFY">&#9;&#9;&#9;By:<U> /s/ JODI L. TAYLOR </P>
</U><P ALIGN="JUSTIFY">&#9;&#9;&#9;&#9;Jodi L. Taylor</P>
<P ALIGN="JUSTIFY">&#9;&#9;&#9;&#9;Chief Financial Officer</P>
<P ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=8 WIDTH=623>
<TR><TD WIDTH="36%" VALIGN="TOP">
<P><FONT SIZE=2>&nbsp;</P>
<P>&#9;<U>Name</U></FONT></TD>
<TD WIDTH="35%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;<U>Position</U></FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;<U>Date</U></FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ CLARK HINKLEY&#9;</P>
</U><P>Clark Hinkley</FONT></TD>
<TD WIDTH="35%" VALIGN="TOP">
<FONT SIZE=2><P>Chief Executive Officer and Director</P>
<P>(Principal Executive Officer)</FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;March 16, 2001</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ JODI L. TAYLOR&#9;</P>
</U><P>Jodi L. Taylor</FONT></TD>
<TD WIDTH="35%" VALIGN="TOP">
<FONT SIZE=2><P>Chief Financial Officer (Principal Financial and Accounting Officer)</FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;March 16, 2001</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ REBECCA P. CASEY&#9;</P>
</U><P>Rebecca P. Casey</FONT></TD>
<TD WIDTH="35%" VALIGN="TOP">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;March 16, 2001</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ ROBERT L. ANDERSON&#9;</P>
</U><P>Robert L. Anderson</FONT></TD>
<TD WIDTH="35%" VALIGN="TOP">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;March 16, 2001</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ MARGARET A. GILLIAM&#9;</P>
</U><P>Margaret A. Gilliam</P>
<U><P>/s/ W. HOWARD LESTER&#9;</P>
</U><P>W. Howard Lester</P>
<U><P>/s/ LEONARD M. SNYDER&#9;</P>
</U><P>Leonard M. Snyder</FONT></TD>
<TD WIDTH="35%" VALIGN="TOP">
<FONT SIZE=2><P>Director</P>
<P>&nbsp;</P>
<P>Director</P>
<P>&nbsp;</P>
<P>Director</FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;March 16, 2001</P>
<P>&nbsp;</P>
<P>&#9;March 16, 2001</P>
<P>&nbsp;</P>
<P>&#9;March 16, 2001</FONT></TD>
</TR>
</TABLE>

<B><FONT SIZE=2><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
</B></FONT><FONT SIZE=1><P ALIGN="JUSTIFY">931918</P>
</FONT><B><FONT SIZE=2><P ALIGN="JUSTIFY">&#9;<U>INDEX TO EXHIBITS</P>
</B></U><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&#9;<B>Exhibit</P>
<P ALIGN="JUSTIFY">&#9;<U>No.</U>&#9;&#9;&#9;<U>Description</P>
</B></U><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&#9;5.1&#9;&#9;Opinion of Crowe &amp; Dunlevy, A Professional Corporation, </P>
<P ALIGN="JUSTIFY">&#9;&#9;&#9;on legality of securities.</P>
<P ALIGN="JUSTIFY">&#9;23.1&#9;&#9;Consent of Arthur Andersen LLP.</P>
<P ALIGN="JUSTIFY">&#9;23.2&#9;&#9;Consent of KPMG LLP.</P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P ALIGN="JUSTIFY">&#9;23.3&#9;&#9;Consent of Crowe &amp; Dunlevy, A Professional Corporation </P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<P ALIGN="JUSTIFY">&#9;&#9;&#9;(included in Exhibit 5.1).</P>
<P ALIGN="JUSTIFY">&#9;</P>
<B><P ALIGN="RIGHT">Exhibit 5.1</P>
</B><P ALIGN="JUSTIFY">&#9;March 12, 2001</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">Harold's Stores, Inc.</P>
<P ALIGN="JUSTIFY">765 Asp Street</P>
<P ALIGN="JUSTIFY">Norman, Oklahoma 73069</P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P ALIGN="JUSTIFY">Re:&#9;Harold's Stores, Inc. - Registration Statement on Form S-8 Relating to 250,000 Additional Shares of Common Stock in Connection with the 1993 Stock Purchase Plan</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<P ALIGN="JUSTIFY">Ladies and Gentlemen:</P>
<P ALIGN="JUSTIFY">&#9;The 1993 Employee Stock Purchase Plan (the "Plan") of Harold's, Stores, Inc. (the "Company") authorizes the sale under the Plan of up to 280,145 shares of Common Stock (as adjusted to reflect the effects of stock dividends since
inception of the Plan) that may be acquired from the Company and an unlimited number of shares that may be acquired in open market transactions or from sources other than the Company. The Company is filing a Registration Statement on Form S-8 relating to
250,000 additional shares that may be offered and sold under the Plan (the "Additional Shares").</P>
<P ALIGN="JUSTIFY">You have requested our advice with respect to the legality of such of the Additional Shares as may be acquired directly from the Company under the Plan.</P>
<P ALIGN="JUSTIFY">We have examined, and are familiar with, the originals or copies, the authenticity of which have been established to our satisfaction, of all documents and other instruments we have deemed necessary to express the opinions hereinafter
set forth. We have assumed the accuracy and completeness of such documents and instruments and of the information contained therein.</P>
<P ALIGN="JUSTIFY">Based on the foregoing, and upon consideration of applicable law, it is our opinion that such of the Additional Shares as may be acquired directly from the Company under the Plan and that do not exceed the maximum number of shares that
may be acquired from the Company under the Plan as described above will, upon payment therefor and delivery thereof in accordance with the Plan, be validly issued, fully paid and non-assessable.</P>
<P ALIGN="JUSTIFY">We hereby consent to the use of this opinion as an exhibit to the above-captioned Registration Statement.</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">Respectfully submitted,</P>
<P ALIGN="JUSTIFY">CROWE &amp; DUNLEVY</P>
<P ALIGN="JUSTIFY">A PROFESSIONAL CORPORATION</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">By: <U>/s/ J. Bradford Hammond </P>
</U><P ALIGN="JUSTIFY">J. Bradford Hammond</P>
<B><P ALIGN="RIGHT">Exhibit 23.1</P>
<P ALIGN="CENTER">CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS</P>
</B><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">As independent public accountants, we hereby consent to the incorporation by reference in this registration statement of our reports dated March 13, 2000, included in and incorporated by reference in Harold's Stores, Inc. Form 10-K for
the 52 week period ending January 29, 2000. </P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="JUSTIFY">ARTHUR ANDERSEN LLP</P>
</B><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">Oklahoma City, Oklahoma</P>
<P ALIGN="JUSTIFY">March 12, 2001</P>
<B><P ALIGN="RIGHT">Exhibit 23.2</P>
<P ALIGN="CENTER">INDEPENDENT AUDITORS' CONSENT</P>
</B><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Harold's Stores, Inc. of our reports dated March 15, 1999, relating to the consolidated balance sheet of Harold's Stores, Inc. and
subsidiaries as of January 30, 1999 and the related consolidated statements of operations, stockholders' equity and cash flows, and the related financial statement schedule for the 52 week periods ended January 30, 1999 and January 31, 1998, which reports
appear in the Annual Report on Form 10-K of Harold's Stores, Inc. for the fiscal year ended January 29, 2000.</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="JUSTIFY">KPMG LLP</P>
</B><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">Oklahoma City, Oklahoma</P>
<P ALIGN="JUSTIFY">March 12, 2001</P>
</FONT><P>&nbsp;</P></BODY>
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{"company-data": {"conformed-name": "HAROLDS STORES INC", "cik": "0000818682", "assigned-sic": "5651", "irs-number": "731308796", "state-of-incorporation": "OK", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-57174", "film-number": "1570640"}, "business-address": {"street1": "765 ASP", "city": "NORMAN", "state": "OK", "zip": "73069", "phone": "4053294045"}, "mail-address": {"street1": "765 ASP", "city": "NORMAN", "state": "OK", "zip": "73069"}}
As filed with the Securities and Exchange Commission on March 16, 2001.
Registration No. 333-__________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
_________________________
HAROLD'S STORES, INC.
(Name of registrant as specified in its charter)
Oklahoma
765 Asp Street
73-1308796
(State or jurisdiction of incorporation or organization)
Norman, Oklahoma 73069
(405) 329-4045
(I.R.S. Employer
Identification No.)
(Address, including zip code, and telephone number, including area code, of registrant's Principal Executive Offices)
__________________________________________
1993
EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
Jodi L. Taylor
765 Asp Street
Norman, Oklahoma 73069
(405) 329-4045
(Name, address, including zip code, and telephone number, including
area code, of agent for service)
Copy to:
J. Bradford Hammond, Esq.
Crowe & Dunlevy, A Professional Corporation
500 Kennedy Building
321 South Boston
Tulsa, Oklahoma 74103-3133
(918) 592-9800
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to
Be Registered
Proposed
Maximum
Offering Price
Per Share(1)
Proposed
Maximum
Aggregate
Offering Price(1)
Amount of
Registration Fee
Common Stock, par value $0.01 per share
250,000
$2.425
$606,250
$151.56
(1)	Estimated in accordance with Rule 457(h) solely for the purpose of calculating the registration fee based on the average of the high and low sales prices of the Common Stock as reported on the American Stock
Exchange on March 14, 2001.
The contents of the Registrant's Registration Statement on Form S-8 (File No. 33-68604) relating to the Registrant's 1993 Employee Stock Purchase Plan ("Plan") are incorporated herein by reference. This Registration Statement has been
filed in accordance with General Instruction E to Form S-8 for the purpose of registering the offer and sale of 250,000 additional shares of Common Stock in connection with the Plan.
For a list of exhibits filed as part of this Registration Statement, see the Exhibit Index hereto.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Norman, State of Oklahoma on March 16, 2001.
HAROLD'S STORES, INC.
By:
/s/ JODI L. TAYLOR
Jodi L. Taylor
Chief Financial Officer
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Name
Position
Date
/s/ CLARK HINKLEY
Clark Hinkley
Chief Executive Officer and Director
(Principal Executive Officer)
March 16, 2001
/s/ JODI L. TAYLOR
Jodi L. Taylor
Chief Financial Officer (Principal Financial and Accounting Officer)
March 16, 2001
/s/ REBECCA P. CASEY
Rebecca P. Casey
Director
March 16, 2001
/s/ ROBERT L. ANDERSON
Robert L. Anderson
Director
March 16, 2001
/s/ MARGARET A. GILLIAM
Margaret A. Gilliam
/s/ W. HOWARD LESTER
W. Howard Lester
/s/ LEONARD M. SNYDER
Leonard M. Snyder
Director
Director
Director
March 16, 2001
March 16, 2001
March 16, 2001
931918
INDEX TO EXHIBITS
Exhibit
No.
Description
5.1		Opinion of Crowe & Dunlevy, A Professional Corporation,
on legality of securities.
23.1		Consent of Arthur Andersen LLP.
23.2		Consent of KPMG LLP.
23.3		Consent of Crowe & Dunlevy, A Professional Corporation
(included in Exhibit 5.1).
Exhibit 5.1
March 12, 2001
Harold's Stores, Inc.
765 Asp Street
Norman, Oklahoma 73069
Re:	Harold's Stores, Inc. - Registration Statement on Form S-8 Relating to 250,000 Additional Shares of Common Stock in Connection with the 1993 Stock Purchase Plan
Ladies and Gentlemen:
The 1993 Employee Stock Purchase Plan (the "Plan") of Harold's, Stores, Inc. (the "Company") authorizes the sale under the Plan of up to 280,145 shares of Common Stock (as adjusted to reflect the effects of stock dividends since
inception of the Plan) that may be acquired from the Company and an unlimited number of shares that may be acquired in open market transactions or from sources other than the Company. The Company is filing a Registration Statement on Form S-8 relating to
250,000 additional shares that may be offered and sold under the Plan (the "Additional Shares").
You have requested our advice with respect to the legality of such of the Additional Shares as may be acquired directly from the Company under the Plan.
We have examined, and are familiar with, the originals or copies, the authenticity of which have been established to our satisfaction, of all documents and other instruments we have deemed necessary to express the opinions hereinafter
set forth. We have assumed the accuracy and completeness of such documents and instruments and of the information contained therein.
Based on the foregoing, and upon consideration of applicable law, it is our opinion that such of the Additional Shares as may be acquired directly from the Company under the Plan and that do not exceed the maximum number of shares that
may be acquired from the Company under the Plan as described above will, upon payment therefor and delivery thereof in accordance with the Plan, be validly issued, fully paid and non-assessable.
We hereby consent to the use of this opinion as an exhibit to the above-captioned Registration Statement.
Respectfully submitted,
CROWE & DUNLEVY
A PROFESSIONAL CORPORATION
By:
/s/ J. Bradford Hammond
J. Bradford Hammond
Exhibit 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by reference in this registration statement of our reports dated March 13, 2000, included in and incorporated by reference in Harold's Stores, Inc. Form 10-K for
the 52 week period ending January 29, 2000.
ARTHUR ANDERSEN LLP
Oklahoma City, Oklahoma
March 12, 2001
Exhibit 23.2
INDEPENDENT AUDITORS' CONSENT
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Harold's Stores, Inc. of our reports dated March 15, 1999, relating to the consolidated balance sheet of Harold's Stores, Inc. and
subsidiaries as of January 30, 1999 and the related consolidated statements of operations, stockholders' equity and cash flows, and the related financial statement schedule for the 52 week periods ended January 30, 1999 and January 31, 1998, which reports
appear in the Annual Report on Form 10-K of Harold's Stores, Inc. for the fiscal year ended January 29, 2000.
KPMG LLP
Oklahoma City, Oklahoma
March 12, 2001