OPPENHEIMER LARGE CAP GROWTH FUND
497, 1999-06-18
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                        OPPENHEIMER LARGE CAP GROWTH FUND
                         Supplement dated June 18, 1999
                  to the Prospectus dated December 17, 1998

The Prospectus is changed as follows:

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

     |_| Portfolio Manager. The Portfolio Manager of the Fund is Bruce Bartlett,
     who is the person  primarily  responsible for the day-to-day  management of
     the Fund's  portfolio.  Mr.  Bartlett is a Vice President of the Fund and a
     Senior Vice  President  of the  Manager,  and is an officer  and  portfolio
     manager  of  other  Oppenheimer  funds.  Mr.  Bartlett  became  the  Fund's
     portfolio  manager on June 18, 1999. Prior to joining the Manager in April,
     1995, Mr. Bartlett was a Vice President and Senior  Portfolio  Manager with
     First of America Investment Corporation.

June 18, 1999                                                 PS0775.002


<PAGE>


                        OPPENHEIMER LARGE CAP GROWTH FUND

                      Supplement dated June 18, 1999 to the
                  Statement of Additional Information dated
                   December 17, 1998, revised June 5, 1999

The Statement of Additional Information is changed as follows:

The biography of Robert C. Doll, Jr. on page 13 is deleted and replaced with
the following:

      Bruce Bartlett, Vice President and Portfolio Manager, Age: 48 Two World
      Trade Center, 34th Floor, New York, NY 10048-0203 Vice President of the
      Manager (since January, 1999); an officer of other Oppenheimer funds;
      formerly a Vice President and Senior Portfolio Manager of First of America
      Investment Corporation.

June 18, 1999                                                       PX0775.002



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