OPPENHEIMER LARGE CAP GROWTH FUND
497, 1999-09-14
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                        OPPENHEIMER LARGE CAP GROWTH FUND
                       Supplement dated September 14, 1999
                  to the Prospectus dated December 17, 1998



The Prospectus is changed as follows:

1. This  supplement  replaces the Fund's  prospectus  supplement  dated June 18,
1999.

2.  The  paragraph  captioned  "Portfolio  Manager"  on page 13 is  deleted  and
replaced with the following:

    |_|  Portfolio  Managers.  The  Portfolio  Managers  of the Fund are Patrick
    Bisbey and David Dalzell, who are the persons primarily  responsible for the
    day-to-day management of the Fund's portfolio.  Messers.  Bisbey and Dalzell
    became the Fund's portfolio  managers on September 14, 1999. Mr. Bisbey is a
    Managing  Director and Manager of Trading and  Portfolio  Operations  (since
    June, 1992) of Trinity  Investment  Management  Corporation  ("Trinity"),  a
    wholly-owned sudsidiary of OppenheimerFunds,  Inc. Mr. Dalzell is a research
    analyst and trader with Trinity (since  November,  1995),  prior to which he
    was a  financial  consultant  with  Merrill  Lynch  Pierce  Fenner  &  Smith
    Incorporated and a trader for First Chicago Trading Consultants.




September 14, 1999                                            PS0775.003


<PAGE>


                        OPPENHEIMER LARGE CAP GROWTH FUND

                  Supplement dated September 14, 1999 to the
                  Statement of Additional Information dated
                   December 17, 1998, revised June 5, 1999

The Statement of Additional Information is changed as follows:

1. This  supplement  replaces the Fund's  supplement  dated June 18, 1999 to its
Statement of Additional Information.

2. The  biography of Bruce  Bartlett on page 13 is deleted and replaced with the
following:

      Patrick Bisbey, Portfolio Manager, Age: 41
      301 North Spring Street, Bellefonte, PA  16823
      Managing  Director and Manager of Trading and Portfolio  Operations (since
      June, 1992) of Trinity Investment Management  Corporation  ("Trinity"),  a
      wholly-owned subsidiary of OppenheimerFunds, Inc.

      David Dalzell, Portfolio Manager, Age: 33
      301 North Spring Street, Bellefonte, PA  16823
      Research analyst and trader with Trinity (since November,  1995), prior to
      which he was a financial  consultant  with Merrill  Lynch Pierce  Fenner &
      Smith Incorporated and a trader for First Chicago Trading Consultants.






September 14, 1999                                                  PX0775.003



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