Reg. No. 333-31537
File No. 811-8299
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 INTERNATIONAL SMALL COMPANY FUND
Two World Trade Center, New York, New York 10048-0203
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Name and Address of Registrant
<PAGE>
NOTIFICATION OF ELECTION
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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 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
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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 30th day of September, 1997.
OPPENHEIMER INTERNATIONAL SMALL COMPANY FUND
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Name of Registrant
By:/s/ Andrew J. Donohue
Andrew J. Donohue, Secretary
ATTEST:
/s/ Robert G. Zack
Robert G. Zack, Assistant Secretary
PROSP\815.18F
