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August 18, 1995
SUPPLEMENT TO THE PROSPECTUS
DATED MARCH 1, 1995, AS REVISED
JUNE 30, 1995 OF THE
QUEST FOR VALUE FUNDS
On August 17, 1995, Quest for Value Advisors, Quest for Value Distributors,
their parent Oppenheimer Capital, and Oppenheimer Management Corporation ("OMC")
entered into an Acquisition Agreement for the sale to OMC of certain mutual fund
assets of Quest for Value Advisors and Quest for Value Distributors including
the contracts relating to certain Quest for Value funds and the use of the name
"Quest for Value". If the proposed transaction is concluded, Quest for Value
Advisors plans to change its name to OpCap Advisors. The Acquisition Agreement
contemplates, subject to shareholder approval, that each of the Quest for Value,
Growth and Income, Opportunity, Small Capitalization and Global Equity Funds
will enter into an investment management agreement with OMC and that OMC will
enter into a Subadvisory Agreement with Quest for Value Advisors so that those
funds will continue to be managed by portfolio managers of Quest for Value
Advisors. It is proposed that the Investment Quality Income Fund, Global Income
Fund and U.S. Government Income Fund be reorganized into the Oppenheimer Bond
Fund, the Oppenheimer Strategic Income Fund and the Oppenheimer U.S. Government
Trust, respectively, funds managed by Oppenheimer Management Corporation,
subject to approval by the shareholders of those Quest Funds. The Board of
Directors of the Quest for Value Funds has approved the proposed transaction and
will recommend that shareholders approve the proposed transaction at special
meetings of shareholders expected to be held in November 1995.
