OPPENHEIMER HIGH YIELD FUND INC
497, 1996-10-07
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                       OPPENHEIMER HIGH YIELD FUND
                 Supplement dated October 1, 1996 to the
                    Prospectus dated October 1, 1996

The Prospectus is amended as follows:

     Appendix C (appearing on pages C-1 and C-2) is hereby deleted.








October 1, 1996                                          PSO280.009


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