Reg. No. 333-14887
FORM N-18F-1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Notification of Election Pursuant to Rule 18f-1
Under the Investment Company Act of 1940
OPPENHEIMER REAL ASSET FUND
Two World Trade Center, New York, New York 10048-0203
------------------------------------------------
Name and Address of Registrant
<PAGE>
NOTIFICATION OF ELECTION
------------------------
The undersigned registered, open-end, diversified, management
investment company hereby notifies the Securities and Exchange
Commission that it elects to commit itself to pay in cash all
redemptions by a shareholder of record, limited in amount with
respect to each shareholder during any 90-day period to the lesser
of (i) $250,000 or (ii) one percent of the net asset value of the
undersigned investment company at the beginning of such period, as
provided by Rule 18f-1 under the Investment Company Act of 1940.
It is understood that this election is irrevocable while such Rule
is in effect unless the Commission by order upon application
permits the withdrawal of this Notification of Election.
SIGNATURE
---------
Pursuant to the requirements of Rule 18f-1 under the Investment
Company Act of 1940, the registrant has caused this notification of
election to be duly executed on its behalf in the city of New York
and the state of New York on the 14th day of January, 1997.
OPPENHEIMER REAL ASSET FUND
-----------------------------------
Name of Registrant
By: /s/ Robert G. Zack
-----------------------------------
Robert G. Zack, Assistant Secretary
ATTEST:
/s/ Katherine P. Feld
- ---------------------------
Katherine P. Feld
SEC\735.18F
