OPPENHEIMER INTERNATIONAL GROWTH FUND
Supplement dated January 1, 1998 to the Statement of
Additional Information dated March 24, 1997
The Statement of Additional Information is amended as follows:
1. The following section should appear immediately after the section "How
the Fund is Managed--Organization and History," on page 17:
|X| Portfolio Manager. The portfolio manager of the Fund is Mr.
George Evans, a
Vice President of the Manager. He is the person principally
responsible for the day-to-day
management of the Fund's portfolio. Mr. Evans' background is described
in the Prospectus
under "Portfolio Manager." Other members of the Manager's Equity
Portfolio Department,
particularly Messrs. William Wilby and Frank Jennings, provide the
Portfolio Manager with
counsel and support in managing the Fund's portfolio.
2. The following section should appear immediately after the "Remuneration
of
Trustees" table, which begins on page 21:
Deferred Compensation Plan. The Board of Trustees has adopted a Deferred
Compensation Plan for disinterested trustees that enables them to elect to defer
receipt of all or a portion of the annual fees they are entitled to receive from
the Fund. Under the plan, the compensation deferred by a Trustee is periodically
adjusted as though an equivalent amount had been invested in shares of one or
more Oppenheimer funds selected by the Trustee. The amount paid to the Trustee
under the plan will be determined based upon the performance of the selected
funds. Deferral of Trustees' fees under the plan will not materially affect the
Fund's assets, liabilities or net income per share. The plan will not obligate
the Fund to retain the services of any Trustee or to pay any particular level of
compensation to any Trustee. Pursuant to an Order issued by the Securities and
Exchange Commission, the Fund may, notwithstanding its fundamental policy
restricting investment in other open-end investment companies, as described on
page 16 of the Statement of Additional Information, invest in the funds selected
by the Trustee under the plan without shareholder approval for the limited
purpose of determining the value of the Trustee's deferred fee account.
January 1, 1998 PX0825.002
