At at lower amplitude PE is at a minimum and KE is at a max. Think of a pendelum. At it's highest point (amplitude) it has the most PE because of the most height- mgh. As it begins to descend and lose amplitude it turns into KE and KE maximizes at the lowest point, upon its ascension it loses KE as it becomes PE again. So you have mgh=1/2mv^2 . In dampened harmonic motion you're losing energy upon each oscillation so the KE values and PE values are slowly declining.