OPPENHEIMER MAIN STREET SMALL CAP 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 MAIN STREET SMALL-CAP FUND
                     6803 S. Tucson Way, Englewood, CO 80112
               ------------------------------------------------
                         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 Englewood and the state of Colorado on the
7th day of June, 1999.

                                    OPPENHEIMER MAIN STREET SMALL-CAP FUND
                                    -----------------------------------
                                    Name of Registrant


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

                                    Robert G. Zack, Assistant Secretary


ATTEST:


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


847-N18F1.doc




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