OPPENHEIMER REAL ASSET FUND
N-8A, 1996-10-15
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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 Real Asset Fund 

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

     3410 South Galena Street, Denver, Colorado 80231               
Telephone Number (including area code):  (303) 671-3200

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 on the 15th day of October, 1996.

                                   Oppenheimer Real Asset Fund


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


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

prosp\735N8A


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