OPPENHEIMER DEVELOPING MARKETS FUND
N-8A, 1996-06-05
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                    SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 20549

                                 FORM N-8A

                       NOTIFICATION OF REGISTRATION
                   FILED PURSUANT TO SECTION 8(a) OF THE
                      INVESTMENT COMPANY ACT OF 1940

The undersigned investment company hereby notifies the Securities
and Exchange Commission that it registers under and pursuant to the
provisions of Section 8(a) of the Investment Company Act of 1940
and in connection with such notification of registration submits
the following information:

Name:  Oppenheimer Developing Markets Fund 

Address of Principal Business Office (No. & Street, City, State,
Zip Code):  

     Two World Trade Center, New York, New York 10048-0203  
          
Telephone Number (including area code):  (212) 323-0200

Name and address of agent for service of process:

     Andrew J. Donohue, Esq.
     Executive Vice President & General Counsel
     OppenheimerFunds, Inc.
     Two World Trade Center - Suite 3400
     New York, New York 10048-0203

Check Appropriate Box:

Registrant is filing a Registration Statement pursuant to Section
8(b) of the Investment Company Act of 1940 concurrently with the
filing of Form N-8A:  Yes   X      No ___
- -------------------------------------------------------------------
Pursuant to the requirements of the Investment Company Act of 1940,
the registrant has caused this notification of registration to be
duly signed on its behalf in the City of New York and State of New
York on the 5th day of June, 1996

                         Oppenheimer Developing Markets Fund

                         By: /s/ Andrew J. Donohue
                         -----------------------------------
                         Andrew J. Donohue, Secretary

Attest: /s/ Robert G. Zack
- -----------------------------------
Robert G. Zack, Assistant Secretary


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