Oppenheimer Europe Fund
Supplement dated March 19, 1999
to the Prospectus dated March 1, 1999
The Prospectus is changed as follows:
1. The first sentence of the paragraph captioned "Emerging Market Risks"
on page 5 is deleted and replaced with the following:
The Fund does not intend to invest more than 5% of its total
assets in any one emerging market country, and will not invest
more than 20% of its total assets in emerging market countries,
including Eastern European countries.
2. The second paragraph under the caption "Foreign Investing - European
Stocks and Other Equity Securities" is deleted and replaced with the
following:
The Fund intends to invest mainly in stocks of issuers in
Western Europe (such as the United Kingdom, Germany and the
Netherlands). The Fund may also invest in stocks of issuers in
Eastern Europe (such as Russia and Poland) although the Fund
currently intends to invest not more than 5% of its total
assets in the stocks of any one emerging market country. The
Fund does not expect to hold stock of non-European companies
except to the extent that a stock at the time of purchase by
the Fund was issued by a European company and such company, due
to ownership changes or otherwise, would no longer be
considered "European."
March 19, 1999 PS0261.001
