OPPENHEIMER DEVELOPING MARKETS FUND
NSAR-A, 1997-04-29
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020 A000002 BARING SECURITIES, INC.
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020 C000002      8
020 A000003 CARR (W.I.)(AMERICA) LTD.
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020 A000004 DEUTSCHE BANK CAPITAL CORP.
020 B000004 FOREIGN
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>                                                                1015986
<NAME>           Oppenheimer Developing Markets -  A
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           4-MOS
<FISCAL-YEAR-END>                                                       AUG-31-1997
<PERIOD-START>                                                          NOV-18-1996
<PERIOD-END>                                                            FEB-28-1997
<INVESTMENTS-AT-COST>                                                                  16,780,299
<INVESTMENTS-AT-VALUE>                                                                 17,872,407
<RECEIVABLES>                                                                             512,881
<ASSETS-OTHER>                                                                                663
<OTHER-ITEMS-ASSETS>                                                                      173,285
<TOTAL-ASSETS>                                                                         18,559,236
<PAYABLE-FOR-SECURITIES>                                                                1,691,735
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                                  55,384
<TOTAL-LIABILITIES>                                                                     1,747,119
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                               15,625,580
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<SHARES-COMMON-PRIOR>                                                                           0
<ACCUMULATED-NII-CURRENT>                                                                  (6,139)
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                   104,487
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                                1,088,189
<NET-ASSETS>                                                                           12,362,617
<DIVIDEND-INCOME>                                                                           7,665
<INTEREST-INCOME>                                                                          26,385
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                             40,189
<NET-INVESTMENT-INCOME>                                                                    (6,139)
<REALIZED-GAINS-CURRENT>                                                                  104,487
<APPREC-INCREASE-CURRENT>                                                               1,088,189
<NET-CHANGE-FROM-OPS>                                                                   1,186,537
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                       0
<DISTRIBUTIONS-OF-GAINS>                                                                        0
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<SHARES-REINVESTED>                                                                             0
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<PER-SHARE-NAV-BEGIN>                                                                          10.00
<PER-SHARE-NII>                                                                                (0.01)
<PER-SHARE-GAIN-APPREC>                                                                         1.69
<PER-SHARE-DIVIDEND>                                                                            0.00
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            11.68
<EXPENSE-RATIO>                                                                                 1.50
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<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>                                                                  1015986
<NAME>           Oppenheimer Developing Markets -  B
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           4-MOS
<FISCAL-YEAR-END>                                                       AUG-31-1997
<PERIOD-START>                                                          NOV-18-1996
<PERIOD-END>                                                            FEB-28-1997
<INVESTMENTS-AT-COST>                                                                  16,780,299
<INVESTMENTS-AT-VALUE>                                                                 17,872,407
<RECEIVABLES>                                                                             512,881
<ASSETS-OTHER>                                                                                663
<OTHER-ITEMS-ASSETS>                                                                      173,285
<TOTAL-ASSETS>                                                                         18,559,236
<PAYABLE-FOR-SECURITIES>                                                                1,691,735
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                                  55,384
<TOTAL-LIABILITIES>                                                                     1,747,119
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                               15,625,580
<SHARES-COMMON-STOCK>                                                                     319,103
<SHARES-COMMON-PRIOR>                                                                           0
<ACCUMULATED-NII-CURRENT>                                                                  (6,139)
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                   104,487
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                                1,088,189
<NET-ASSETS>                                                                            3,717,435
<DIVIDEND-INCOME>                                                                           7,665
<INTEREST-INCOME>                                                                          26,385
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                             40,189
<NET-INVESTMENT-INCOME>                                                                    (6,139)
<REALIZED-GAINS-CURRENT>                                                                  104,487
<APPREC-INCREASE-CURRENT>                                                               1,088,189
<NET-CHANGE-FROM-OPS>                                                                   1,186,537
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                       0
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<DISTRIBUTIONS-OTHER>                                                                           0
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<PER-SHARE-NAV-BEGIN>                                                                          10.00
<PER-SHARE-NII>                                                                                 0.00
<PER-SHARE-GAIN-APPREC>                                                                         1.65
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<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            11.65
<EXPENSE-RATIO>                                                                                 2.24
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<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>                                                                 1015986
<NAME>           Oppenheimer Developing Markets -  C
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           4-MOS
<FISCAL-YEAR-END>                                                       AUG-31-1997
<PERIOD-START>                                                          NOV-18-1996
<PERIOD-END>                                                            FEB-28-1997
<INVESTMENTS-AT-COST>                                                                  16,780,299
<INVESTMENTS-AT-VALUE>                                                                 17,872,407
<RECEIVABLES>                                                                             512,881
<ASSETS-OTHER>                                                                                663
<OTHER-ITEMS-ASSETS>                                                                      173,285
<TOTAL-ASSETS>                                                                         18,559,236
<PAYABLE-FOR-SECURITIES>                                                                1,691,735
<SENIOR-LONG-TERM-DEBT>                                                                         0
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<TOTAL-LIABILITIES>                                                                     1,747,119
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                               15,625,580
<SHARES-COMMON-STOCK>                                                                      62,805
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<ACCUMULATED-NII-CURRENT>                                                                  (6,139)
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<NET-ASSETS>                                                                              732,065
<DIVIDEND-INCOME>                                                                           7,665
<INTEREST-INCOME>                                                                          26,385
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                             40,189
<NET-INVESTMENT-INCOME>                                                                    (6,139)
<REALIZED-GAINS-CURRENT>                                                                  104,487
<APPREC-INCREASE-CURRENT>                                                               1,088,189
<NET-CHANGE-FROM-OPS>                                                                   1,186,537
<EQUALIZATION>                                                                                  0
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<DISTRIBUTIONS-OTHER>                                                                           0
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<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            11.66
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<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>


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