OPPENHEIMER REAL ASSET FUND
Supplement dated October 23, 2000 to the
Statement of Additional Information dated December 28, 1999
The Statement of Additional Information is revised as follows:
The biographical paragraph on page 40 for Russell Read is deleted.
October 23, 2000 PX0735.003
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OPPENHEIMER REAL ASSET FUND
Supplement dated October 23, 2000 to the
Prospectus dated December 28, 1999
The Prospectus is changed as follows:
1. The Portfolio Manager section on pages 14 and 15 is replaced in its entirety
by the following:
Portfolio Managers. The portfolio managers of the Fund are John Kowalik and
Kevin Baum. They are the persons principally responsible for the
day-to-day management of the Fund's portfolio. Mr. Kowalik is a Senior
Vice President of the Manager and a Vice President of the Fund and the
Sub-Advisor. Messrs. Kowalik and Baum are Chartered Financial
Analysts.
Mr. Kowalik became a Senior Vice President of the Manager in June
1998 and joined the Fund's portfolio management team May 24, 1999.
Before joining the Manager, Mr. Kowalik was Managing Director and
Senior Portfolio Manager at Prudential Global Advisors (1989-June
1998). Mr. Kowalik serves as an officer and portfolio manager of
other Oppenheimer funds. Mr. Baum joined the Fund's portfolio
management team May 24, 1999. He has served as the Fund's principal
trader since its inception in March 1997. Previously, Mr. Baum was
a trading and securities analyst for the Manager (1993-February
1997).
October 23, 2000 PSO735.010
