OPPENHEIMER CORE EQUITY FUND
N-18F1, 1999-06-08
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                                  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 CORE EQUITY FUND
              Two World Trade Center, New York, New York 10048-0203
               ------------------------------------------------
                         Name and Address of Registrant


                            NOTIFICATION OF ELECTION
                   ---------------------------------------

The undersigned  registered,  open-end,  non-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 in
accordance with the provisions of 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
                              -----------------

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
7th day of June, 1999.

                                    OPPENHEIMER CORE EQUITY FUND
                                    -----------------------------------
                                    Name of Registrant


                                    By:  /s/ Robert G. Zack
                                    ------------------------------

                                    Robert G. Zack, Assistant Secretary


ATTEST:


/s/ Katherine P. Feld
 ------------------------
Katherine P. Feld


715-N18F1.doc




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