OPPENHEIMER MAIN STREET OPPORTUNITY FUND
497, 2000-10-04
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                                 OPPENHEIMER MAIN STREET(R) OPPORTUNITY FUND
                                  Supplement dated October 3, 2000 to the
                                    Prospectus dated September 21, 2000


The Prospectus, as previously supplemented is further supplemented as follows:

1. The eighth  paragraph  of the  section  entitled  "Distribution  and  Service
(12b-1) Plans" on page 19 is replaced with the following:

The Distributor  currently pays sales commissions of 0.75% of the purchase price
of  Class N  shares  to  dealers  from  its own  resources  at the time of sale.
Including  the  advance  of  the  service  fee  the  total  amount  paid  by the
Distributor  to the  dealer at the time of sale of Class N shares  is  therefore
1.00% of the purchase  price.  The  Distributor  retains the  asset-based  sales
charge on Class N shares.









October 3, 2000                                                       PS0731.002






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