Katherine P. Feld [logo] OppenheimerFunds
Vice President & Oppenheimer Management Corporation
Associate Counsel Two World Trade Center
New York, NY 10048-0203
212 323-0200 Fax 212 323-0558
January 5, 1996
Securities and Exchange Commission
OFICS Filer Support
Mail Stop 0-7, SEC Operations Center
6432 General Green Way
Alexandria, VA 22312
Re: Oppenheimer Quest Value Fund, Inc.
Reg. No. 2-65223; File No. 811-2944
To the Securities and Exchange Commission:
An electronic ("EDGAR") filing is hereby made on behalf
of Oppenheimer Quest Value Fund, Inc. (the "Registrant") pursuant
to Rule 497(e) of the Securities Act of 1933, as amended. Such
filing includes a supplement dated January 5, 1996, to the
Registrant's Prospectus dated November 24, 1995.
Very truly yours,
/s/ Katherine P. Feld
Katherine P. Feld
Vice President &
Associate Counsel
(212) 323-0552
KPF/gl
Enclosure
cc: Gordon Altman Butowsky Weitzen Shalov & Wein
KPMG Peat Marwick LLP
Ms. Gloria LaFond
Ms. Grace Loffredo
prosp/225cov.497
