CENTENNIAL MONEY MARKET TRUST
497, 2000-04-06
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                          CENTENNIAL MONEY MARKET TRUST
                           CENTENNIAL GOVERNMENT TRUST
                           CENTENNIAL TAX EXEMPT TRUST
                      Supplement dated April 1, 2000 to the
                        Prospectus dated November 1, 1999



The first three  sentences of the third  paragraph  under the  heading:  How the
Trusts are Managed on Page A-1 of the prospectus are revised as follows.


|X| Portfolio  Managers.  The  portfolio  managers of the Trusts are the persons
principally  responsible for the day-to-day management of the Trust's portfolio.
The portfolio manager of Centennial Money Market Trust and Centennial Government
Trust is Carol E. Wolf.  She has had this  responsibility  since June,  1990 and
July, 1988, respectively. She is a Vice President of the Manager and of the Fund
and an officer and portfolio  manager of other funds for which the Manager or an
affiliate serves as investment advisor.









April 1, 2000                                             PS000.006.0400


<PAGE>


                           CENTENNIAL TAX EXEMPT TRUST
                           CENTENNIAL GOVERNMENT TRUST
                          CENTENNIAL MONEY MARKET TRUST
                      Supplement dated April 1, 2000 to the
                        Prospectus dated November 1, 1999



The first three  sentences of the third  paragraph  under the  heading:  How the
Trusts are Managed on Page A-1 of the prospectus are revised as follows.


|X| Portfolio Managers. The portfolio managers of the Trusts are the persons
         principally  responsible for the day-to-day management of the Trust's
         portfolio.  The portfolio  manager of  Centennial  Money Market Trust
         and  Centennial  Government  Trust is Carol E. Wolf. She has had this
         responsibility  since June, 1990 and July,  1988,  respectively.  She
         is a Vice  President  of the  Manager  and of the Fund and an officer
         and  portfolio  manager  of other  funds for which the  Manager or an
         affiliate serves as investment advisor.












April 1, 2000                                             PS000.007.0400


<PAGE>


                           CENTENNIAL GOVERNMENT TRUST
                          CENTENNIAL MONEY MARKET TRUST
                           CENTENNIAL TAX EXEMPT TRUST
                      Supplement dated April 1, 2000 to the
                        Prospectus dated November 1, 1999



The first three  sentences of the third  paragraph on Page A-1 of the prospectus
are revised as follows.

|X| Portfolio Managers. The portfolio managers of the Trusts are the persons
         principally  responsible  for the day-to-day  management of the Trust's
         portfolio.  The portfolio  manager of Centennial Money Market Trust and
         Centennial  Government  Trust  is  Carol  E.  Wolf.  She has  had  this
         responsibility  since June, 1990 and July, 1988 respectively.  She is a
         Vice  President  of the  Manager  and of the  Fund and an  officer  and
         portfolio  manager of other funds for which the Manager or an affiliate
         serves as investment advisor.










April 1, 2000                                             PS000.007.0400




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