OPPENHEIMER REAL ASSET FUND
497, 2001-01-05
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                            OPPENHEIMER REAL ASSET FUND
                     Supplement dated December 29, 2000 to the
                         Prospectus dated December 29, 2000


     Class N shares of  Oppenheimer  Real  Asset  Fund are  currently  not being
offered for sale.











December 29, 2000                                             PSO735.011


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