OPPENHEIMER REAL ASSET FUND
NSAR-A, 1998-04-27
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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>            1018862
<NAME>           OPPENHEIMER REAL ASSET FUND-A
       
<S>                                                                     <C>
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<PER-SHARE-NAV-END>                                                                             8.05
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                        
<CIK>            1018862
<NAME>           OPPENHEIMER REAL ASSET FUND-B
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
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<PERIOD-START>                                                          SEP-1-1997
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                        
<CIK>            1018862
<NAME>           Oppenheimer Real Asset Fund - C Shares
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       AUG-31-1998
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<INVESTMENTS-AT-VALUE>                                                                 94,740,953
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                        
<CIK>            1018862
<NAME>           Oppenheimer Real Asset Fund - Y Shares
       
<S>                                                                     <C>
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<FISCAL-YEAR-END>                                                       AUG-31-1998
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<TOTAL-ASSETS>                                                                         97,722,890
<PAYABLE-FOR-SECURITIES>                                                                2,000,000
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<GROSS-ADVISORY-FEES>                                                                     426,887
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                           774,527
<AVERAGE-NET-ASSETS>                                                                        1,000
<PER-SHARE-NAV-BEGIN>                                                                          10.31
<PER-SHARE-NII>                                                                                 0.24
<PER-SHARE-GAIN-APPREC>                                                                        (2.30)
<PER-SHARE-DIVIDEND>                                                                            0.21
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                             8.04
<EXPENSE-RATIO>                                                                                 1.30
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>


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