OPPENHEIMER INTERNATIONAL GROWTH FUND
Supplement dated May 15, 1998 to the
Prospectus dated March 30, 1998
The Prospectus is changed as follows effective June 1, 1998:
1. Footnote number 1 under the table entitled "Shareholder Transaction Expenses"
on page 3 is modified to read as follows:
(1) If you invest $1 million or more ($500,000 or more for purchases
"Retirement Plans" as defined in "Class A Contingent Deferred Sales
Charge" on page 28) in Class A shares, you may have to pay a sales charge
of up to 1% if you sell your shares within 18 calendar months from the end
of the calendar month during which you purchased those shares. See "How to
Buy Shares -- Buying Class A Shares," below.
2. The second sentence of the paragraph entitled "Class A Shares" in the section
entitled "How to Buy Shares -- Classes of Shares" on page 23 is modified to read
as follows:
If you purchase Class A shares as part of an investment of at least $1
million ($500,000 for Retirement Plans) in shares of one or more
Oppenheimer funds, you will not pay an initial sales charge, but if you
sell any of those shares within 18 months of buying them, you may pay a
contingent deferred sales charge, described below.
3. The first and second sentences of the third paragraph of the section entitled
"Buying Class A Shares -- Class A Contingent Deferred Sales Charge" on page 28
are modified
to read as follows:
If you redeem any Class A shares subject to the contingent deferred sales
charge described above within 18 months of the end of the calendar month
of their purchase, a contingent deferred sales charge (called the "Class A
contingent deferred sales charge") may be deducted from the redemption
proceeds. (A different holding period may apply to shares purchased prior
to June 1, 1998).
4. The second sentence of the fifth paragraph of the section entitled "Buying
Class A Shares -- Class A Contingent Deferred Sales Charge" on page 29 is
modified to read as follows:
However, if the shares acquired by exchange are redeemed within 18 months
of the end of the calendar month of the purchase of the exchanged shares,
the contingent deferred sales charge will apply. (A different holding
period may apply to shares purchased prior to June 1, 1998).
5. The paragraph entitled "Special Arrangements With Dealers" on page 29 is
hereby deleted.
6. The following sub-paragraphs of the section entitled " Waivers of Class A
Sales Charges" on page 32 are deleted:
(continued)
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o if, at the time of purchase of shares (if purchased prior to May
1, 1997) the dealer agreed in writing to accept the dealer's portion of
the sales commission in installments of 1/18th of the commission per month
(and no further commission will be payable if the shares are redeemed
within 18 months of purchase)
o if, at the time of purchase of shares (if purchased during the
period May 1, 1997 through December 31, 1997) the dealer agreed in writing
to accept the dealer's portion of the sales commission in installments of
1/12th of the commission per month (and no further commission will be
payable if the shares are redeemed within 12 months of purchase)
7. The following paragraph replaces the existing sub-section captioned
"OppenheimerFunds
Internet Web Site" on page 38:
OppenheimerFunds Internet Web Site. Information about the Fund,
including your account balance, daily share prices, market and Fund
portfolio information, may be obtained by visiting the
OppenheimerFunds Internet Web Site, at the following Internet
address: http://www.oppenheimerfunds.com. Additionally, certain
account transactions may be requested by any shareholder listed in
the registration on an account as well as by the dealer
representative of record through a special section of that Web Site.
To access that section of the Web Site you must first obtain a
personal identification number ("PIN") by calling OppenheimerFunds
PhoneLink at 1-800-533-3310. If you do not wish to have Internet
account transactions capability for your account, please call our
customer service representatives at 1-800-525-7048. To find out more
information about Internet transactions and procedures, please visit
the Web Site.
May 15, 1998 PS0825.005
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OPPENHEIMER INTERNATIONAL GROWTH FUND
Supplement dated May 15, 1998 to the
Statement of Additional Information dated March 30, 1998
The Statement of Additional Information is changed as follows effective June 1,
1998:
The third sentence of the fourth paragraph in the section entitled "How To
Exchange Shares" on page 43 is revised to read as follows:
However, if you redeem Class A shares of the Fund that were acquired by
exchange of Class A shares of other Oppenheimer funds purchased subject to
a Class A contingent deferred sales charge within 18 months of the end of
the calendar month of the purchase of the exchanged Class A shares, the
Class A contingent deferred sales charge is imposed on the redeemed shares
(see "Class A Contingent Deferred Sales Charge" in the Prospectus). (A
different holding period may apply to shares purchased prior to June 1,
1998).
May 15, 1998 PX0825.002
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