OPPENHEIMER REAL ASSET FUND
485BPOS, EX-23, 2000-12-28
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December 28, 2000

VIA EDGAR

Securities and Exchange Commission
Mail Stop 0-7, Filer Support
6432 General Green Way
Alexandria, VA 22312

      Re:   Oppenheimer Real Asset Fund
            Written Representation of Counsel
            Reg. No. 333-14887; File No. 811-07857
            --------------------------------------

To the Securities and Exchange Commission:

            On behalf of  Oppenheimer  Real Asset Fund (the "Fund") and pursuant
to Paragraph  (b)(4) of Rule 485 under the  Securities  Act of 1933,  as amended
(the "1933  Act"),  and in  connection  with an  Amendment on Form N-1A which is
Post-Effective  Amendment  No. 7 to the 1933 Act  Registration  Statement of the
Fund and  Amendment No. 8 to its  Registration  Statement  under the  Investment
Company Act of 1940,  as  amended,  the  undersigned  counsel,  who  prepared or
reviewed such  Amendment,  hereby  represents to the  Commission for filing with
such  Amendment,  that said Amendment does not contain  disclosures  which would
render it ineligible to become effective  pursuant to paragraph (b) of said Rule
485.


                                          Sincerely,

                                          /s/Philip T. Masterson

                                          Philip T. Masterson
                                          Vice President &
                                          Assistant Counsel
                                          (303) 768-2486
                                          Fax: (303) 768-3019



Attachments

cc:  Larry Green, Securities and Exchange Commission
     Myer, Swanson, Adams & Wolf, P.C.
     Deloitte & Touche LLP





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