OPPENHEIMER HIGH YIELD FUND INC
NSAR-A, 2000-02-29
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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>               276195
<NAME>              Oppenheimer High Yield Fund - Class A

<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       JUN-30-2000
<PERIOD-START>                                                          JUL-01-1999
<PERIOD-END>                                                            DEC-31-1999
<INVESTMENTS-AT-COST>                                                               1,988,910,857
<INVESTMENTS-AT-VALUE>                                                              1,901,085,736
<RECEIVABLES>                                                                          51,842,664
<ASSETS-OTHER>                                                                             84,771
<OTHER-ITEMS-ASSETS>                                                                      913,648
<TOTAL-ASSETS>                                                                      1,953,926,819
<PAYABLE-FOR-SECURITIES>                                                                5,852,665
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              13,277,285
<TOTAL-LIABILITIES>                                                                    19,129,950
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                            2,180,993,090
<SHARES-COMMON-STOCK>                                                                  92,443,747
<SHARES-COMMON-PRIOR>                                                                  87,028,798
<ACCUMULATED-NII-CURRENT>                                                                 563,177
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                              (159,686,850)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              (87,072,548)
<NET-ASSETS>                                                                        1,207,729,504
<DIVIDEND-INCOME>                                                                      12,743,706
<INTEREST-INCOME>                                                                     180,241,308
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                         23,183,677
<NET-INVESTMENT-INCOME>                                                               169,801,337
<REALIZED-GAINS-CURRENT>                                                              (51,853,796)
<APPREC-INCREASE-CURRENT>                                                            (129,580,700)
<NET-CHANGE-FROM-OPS>                                                                 (11,633,159)
<EQUALIZATION>                                                                                  0
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<DISTRIBUTIONS-OTHER>                                                                           0
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<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                  11,127,057
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                        23,245,426
<AVERAGE-NET-ASSETS>                                                                1,199,000,000
<PER-SHARE-NAV-BEGIN>                                                                       14.44
<PER-SHARE-NII>                                                                              1.26
<PER-SHARE-GAIN-APPREC>                                                                     (1.39)
<PER-SHARE-DIVIDEND>                                                                         1.25
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<RETURNS-OF-CAPITAL>                                                                         0.00
<PER-SHARE-NAV-END>                                                                         13.06
<EXPENSE-RATIO>                                                                              0.99
[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>               276195
<NAME>              Oppenheimer High Yield Fund - Class B

<S>                                                                     <C>
<PERIOD-TYPE>                                                           12-MOS
<FISCAL-YEAR-END>                                                       JUN-30-1999
<PERIOD-START>                                                          JUL-01-1998
<PERIOD-END>                                                            JUN-30-1999
<INVESTMENTS-AT-COST>                                                               1,988,910,857
<INVESTMENTS-AT-VALUE>                                                              1,901,085,736
<RECEIVABLES>                                                                          51,842,664
<ASSETS-OTHER>                                                                             84,771
<OTHER-ITEMS-ASSETS>                                                                      913,648
<TOTAL-ASSETS>                                                                      1,953,926,819
<PAYABLE-FOR-SECURITIES>                                                                5,852,665
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              13,277,285
<TOTAL-LIABILITIES>                                                                    19,129,950
<SENIOR-EQUITY>                                                                                 0
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<SHARES-COMMON-PRIOR>                                                                  36,817,257
<ACCUMULATED-NII-CURRENT>                                                                 563,177
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                              (159,686,850)
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<ACCUM-APPREC-OR-DEPREC>                                                              (87,072,548)
<NET-ASSETS>                                                                          580,467,675
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<INTEREST-INCOME>                                                                     180,241,308
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<EXPENSES-NET>                                                                         23,183,677
<NET-INVESTMENT-INCOME>                                                               169,801,337
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<AVERAGE-NET-ASSETS>                                                                  545,000,000
<PER-SHARE-NAV-BEGIN>                                                                       14.33
<PER-SHARE-NII>                                                                              1.14
<PER-SHARE-GAIN-APPREC>                                                                     (1.38)
<PER-SHARE-DIVIDEND>                                                                         1.14
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<RETURNS-OF-CAPITAL>                                                                         0.00
<PER-SHARE-NAV-END>                                                                         12.95
<EXPENSE-RATIO>                                                                              1.78
[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>               276195
<NAME>              Oppenheimer High Yield Fund - Class C

<S>                                                                     <C>
<PERIOD-TYPE>                                                           12-MOS
<FISCAL-YEAR-END>                                                       JUN-30-1999
<PERIOD-START>                                                          JUL-01-1998
<PERIOD-END>                                                            JUN-30-1999
<INVESTMENTS-AT-COST>                                                               1,988,910,857
<INVESTMENTS-AT-VALUE>                                                              1,901,085,736
<RECEIVABLES>                                                                          51,842,664
<ASSETS-OTHER>                                                                             84,771
<OTHER-ITEMS-ASSETS>                                                                      913,648
<TOTAL-ASSETS>                                                                      1,953,926,819
<PAYABLE-FOR-SECURITIES>                                                                5,852,665
<SENIOR-LONG-TERM-DEBT>                                                                         0
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<TOTAL-LIABILITIES>                                                                    19,129,950
<SENIOR-EQUITY>                                                                                 0
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<SHARES-COMMON-PRIOR>                                                                   4,542,235
<ACCUMULATED-NII-CURRENT>                                                                 563,177
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<ACCUMULATED-NET-GAINS>                                                              (159,686,850)
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<ACCUM-APPREC-OR-DEPREC>                                                              (87,072,548)
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<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                         23,183,677
<NET-INVESTMENT-INCOME>                                                               169,801,337
<REALIZED-GAINS-CURRENT>                                                              (51,853,796)
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<NET-CHANGE-FROM-OPS>                                                                 (11,633,159)
<EQUALIZATION>                                                                                  0
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<DISTRIBUTIONS-OF-GAINS>                                                                        0
<DISTRIBUTIONS-OTHER>                                                                           0
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<ACCUMULATED-NII-PRIOR>                                                                         0
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<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                  11,127,057
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<GROSS-EXPENSE>                                                                        23,245,426
<AVERAGE-NET-ASSETS>                                                                   80,000,000
<PER-SHARE-NAV-BEGIN>                                                                       14.42
<PER-SHARE-NII>                                                                              1.15
<PER-SHARE-GAIN-APPREC>                                                                     (1.39)
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<PER-SHARE-DISTRIBUTIONS>                                                                    0.00
<RETURNS-OF-CAPITAL>                                                                         0.00
<PER-SHARE-NAV-END>                                                                         13.04
<EXPENSE-RATIO>                                                                              1.78
[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>               276195
<NAME>              Oppenheimer High Yield Fund - Class Y

<S>                                                                     <C>
<PERIOD-TYPE>                                                           12-MOS
<FISCAL-YEAR-END>                                                       JUN-30-1999
<PERIOD-START>                                                          JUL-01-1998
<PERIOD-END>                                                            JUN-30-1999
<INVESTMENTS-AT-COST>                                                               1,988,910,857
<INVESTMENTS-AT-VALUE>                                                              1,901,085,736
<RECEIVABLES>                                                                          51,842,664
<ASSETS-OTHER>                                                                             84,771
<OTHER-ITEMS-ASSETS>                                                                      913,648
<TOTAL-ASSETS>                                                                      1,953,926,819
<PAYABLE-FOR-SECURITIES>                                                                5,852,665
<SENIOR-LONG-TERM-DEBT>                                                                         0
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<SENIOR-EQUITY>                                                                                 0
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<OTHER-INCOME>                                                                                  0
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<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                 3,704,375
<NUMBER-OF-SHARES-REDEEMED>                                                               660,742
<SHARES-REINVESTED>                                                                       244,820
<NET-CHANGE-IN-ASSETS>                                                                 73,420,994
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                            (132,960,175)
<OVERDISTRIB-NII-PRIOR>                                                                 2,352,456
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                  11,127,057
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                        23,245,426
<AVERAGE-NET-ASSETS>                                                                   34,000,000
<PER-SHARE-NAV-BEGIN>                                                                       14.42
<PER-SHARE-NII>                                                                              1.28
<PER-SHARE-GAIN-APPREC>                                                                     (1.39)
<PER-SHARE-DIVIDEND>                                                                         1.29
<PER-SHARE-DISTRIBUTIONS>                                                                    0.00
<RETURNS-OF-CAPITAL>                                                                         0.00
<PER-SHARE-NAV-END>                                                                         13.02
<EXPENSE-RATIO>                                                                              0.76
[AVG-DEBT-OUTSTANDING]                                                                          0
[AVG-DEBT-PER-SHARE]                                                                         0.00


</TABLE>


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