OPPENHEIMER MUNICIPAL BOND FUND
NSAR-A, 2000-03-31
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SIGNATURE   BRIAN W. WIXTED
TITLE       TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>               275857
<NAME>              OPPENHEIMER MUNICIPAL BOND FUND - A

<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       JUL-31-2000
<PERIOD-START>                                                          AUG-01-1999
<PERIOD-END>                                                            JAN-31-2000
<INVESTMENTS-AT-COST>                                                                 604,795,218
<INVESTMENTS-AT-VALUE>                                                                580,766,178
<RECEIVABLES>                                                                           8,340,176
<ASSETS-OTHER>                                                                             11,868
<OTHER-ITEMS-ASSETS>                                                                      420,939
<TOTAL-ASSETS>                                                                        589,539,161
<PAYABLE-FOR-SECURITIES>                                                                        0
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,094,645
<TOTAL-LIABILITIES>                                                                     4,094,645
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              609,314,103
<SHARES-COMMON-STOCK>                                                                  54,970,822
<SHARES-COMMON-PRIOR>                                                                  56,741,261
<ACCUMULATED-NII-CURRENT>                                                                       0
<OVERDISTRIBUTION-NII>                                                                  1,331,527
<ACCUMULATED-NET-GAINS>                                                                 1,454,950
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              (23,993,010)
<NET-ASSETS>                                                                          502,921,568
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                      20,269,666
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          3,234,585
<NET-INVESTMENT-INCOME>                                                                17,035,081
<REALIZED-GAINS-CURRENT>                                                                3,063,253
<APPREC-INCREASE-CURRENT>                                                             (57,254,999)
<NET-CHANGE-FROM-OPS>                                                                 (37,156,665)
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                              14,631,057
<DISTRIBUTIONS-OF-GAINS>                                                                3,065,371
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                 7,871,270
<NUMBER-OF-SHARES-REDEEMED>                                                            10,863,634
<SHARES-REINVESTED>                                                                     1,221,925
<NET-CHANGE-IN-ASSETS>                                                                (91,871,881)
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                               1,980,630
<OVERDISTRIB-NII-PRIOR>                                                                 1,542,690
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,695,084
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         3,253,007
<AVERAGE-NET-ASSETS>                                                                  540,048,000
<PER-SHARE-NAV-BEGIN>                                                                       10.02
<PER-SHARE-NII>                                                                              0.27
<PER-SHARE-GAIN-APPREC>                                                                     (0.82)
<PER-SHARE-DIVIDEND>                                                                         0.26
<PER-SHARE-DISTRIBUTIONS>                                                                    0.06
<RETURNS-OF-CAPITAL>                                                                         0.00
<PER-SHARE-NAV-END>                                                                          9.15
<EXPENSE-RATIO>                                                                              0.90
[AVG-DEBT-OUTSTANDING]                                                                          0
[AVG-DEBT-PER-SHARE]                                                                         0.00


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>               275857
<NAME>              OPPENHEIMER MUNICIPAL BOND FUND - B

<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       JUL-31-2000
<PERIOD-START>                                                          AUG-01-1999
<PERIOD-END>                                                            JAN-31-2000
<INVESTMENTS-AT-COST>                                                                 604,795,218
<INVESTMENTS-AT-VALUE>                                                                580,766,178
<RECEIVABLES>                                                                           8,340,176
<ASSETS-OTHER>                                                                             11,868
<OTHER-ITEMS-ASSETS>                                                                      420,939
<TOTAL-ASSETS>                                                                        589,539,161
<PAYABLE-FOR-SECURITIES>                                                                        0
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,094,645
<TOTAL-LIABILITIES>                                                                     4,094,645
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              609,314,103
<SHARES-COMMON-STOCK>                                                                   7,535,681
<SHARES-COMMON-PRIOR>                                                                   9,001,472
<ACCUMULATED-NII-CURRENT>                                                                       0
<OVERDISTRIBUTION-NII>                                                                  1,331,527
<ACCUMULATED-NET-GAINS>                                                                 1,454,950
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              (23,993,010)
<NET-ASSETS>                                                                           68,796,736
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                      20,269,666
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          3,234,585
<NET-INVESTMENT-INCOME>                                                                17,035,081
<REALIZED-GAINS-CURRENT>                                                                3,063,253
<APPREC-INCREASE-CURRENT>                                                             (57,254,999)
<NET-CHANGE-FROM-OPS>                                                                 (37,156,665)
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                               1,812,116
<DISTRIBUTIONS-OF-GAINS>                                                                  436,022
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                   887,101
<NUMBER-OF-SHARES-REDEEMED>                                                             2,500,873
<SHARES-REINVESTED>                                                                       147,981
<NET-CHANGE-IN-ASSETS>                                                                (91,871,881)
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                               1,980,630
<OVERDISTRIB-NII-PRIOR>                                                                 1,542,690
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,695,084
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         3,253,007
<AVERAGE-NET-ASSETS>                                                                   79,295,000
<PER-SHARE-NAV-BEGIN>                                                                       10.00
<PER-SHARE-NII>                                                                              0.22
<PER-SHARE-GAIN-APPREC>                                                                     (0.81)
<PER-SHARE-DIVIDEND>                                                                         0.22
<PER-SHARE-DISTRIBUTIONS>                                                                    0.06
<RETURNS-OF-CAPITAL>                                                                         0.00
<PER-SHARE-NAV-END>                                                                          9.13
<EXPENSE-RATIO>                                                                              1.67
[AVG-DEBT-OUTSTANDING]                                                                          0
[AVG-DEBT-PER-SHARE]                                                                         0.00


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>               275857
<NAME>              OPPENHEIMER MUNICIPAL BOND FUND - C

<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       JUL-31-2000
<PERIOD-START>                                                          AUG-01-1999
<PERIOD-END>                                                            JAN-31-2000
<INVESTMENTS-AT-COST>                                                                 604,795,218
<INVESTMENTS-AT-VALUE>                                                                580,766,178
<RECEIVABLES>                                                                           8,340,176
<ASSETS-OTHER>                                                                             11,868
<OTHER-ITEMS-ASSETS>                                                                      420,939
<TOTAL-ASSETS>                                                                        589,539,161
<PAYABLE-FOR-SECURITIES>                                                                        0
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,094,645
<TOTAL-LIABILITIES>                                                                     4,094,645
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              609,314,103
<SHARES-COMMON-STOCK>                                                                   1,503,728
<SHARES-COMMON-PRIOR>                                                                   1,862,191
<ACCUMULATED-NII-CURRENT>                                                                       0
<OVERDISTRIBUTION-NII>                                                                  1,331,527
<ACCUMULATED-NET-GAINS>                                                                 1,454,950
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              (23,993,010)
<NET-ASSETS>                                                                           13,726,212
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                      20,269,666
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          3,234,585
<NET-INVESTMENT-INCOME>                                                                17,035,081
<REALIZED-GAINS-CURRENT>                                                                3,063,253
<APPREC-INCREASE-CURRENT>                                                             (57,254,999)
<NET-CHANGE-FROM-OPS>                                                                 (37,156,665)
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                 380,745
<DISTRIBUTIONS-OF-GAINS>                                                                   87,540
<DISTRIBUTIONS-OTHER>                                                                           0
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<NUMBER-OF-SHARES-REDEEMED>                                                               607,168
<SHARES-REINVESTED>                                                                        34,096
<NET-CHANGE-IN-ASSETS>                                                                (91,871,881)
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                               1,980,630
<OVERDISTRIB-NII-PRIOR>                                                                 1,542,690
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,695,084
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         3,253,007
<AVERAGE-NET-ASSETS>                                                                   16,601,000
<PER-SHARE-NAV-BEGIN>                                                                       10.00
<PER-SHARE-NII>                                                                              0.22
<PER-SHARE-GAIN-APPREC>                                                                     (0.81)
<PER-SHARE-DIVIDEND>                                                                         0.22
<PER-SHARE-DISTRIBUTIONS>                                                                    0.06
<RETURNS-OF-CAPITAL>                                                                         0.00
<PER-SHARE-NAV-END>                                                                          9.13
<EXPENSE-RATIO>                                                                              1.67
[AVG-DEBT-OUTSTANDING]                                                                          0
[AVG-DEBT-PER-SHARE]                                                                         0.00


</TABLE>


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