OPPENHEIMER QUEST VALUE FUND, INC.
Supplement dated July 10,
2000 to the Statement of Additional
Information dated February 23, 2000
The Statement of Additional Information is supplemented as follows:
1. The last sentence within the first paragraph titled "The Investment Advisory
Agreement" within the section titled "The Manager" on page 29 is deleted and
replaced with the following:
"The Fund's portfolio manager is employed by the Sub-Advisor
and is principally responsible for the day-to-day management of
the Fund's portfolio, as described below."
July 10, 2000 PX225.008
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OPPENHEIMER QUEST VALUE FUND, INC.
Supplement dated July 10, 2000 to the
Prospectus dated February 23, 2000
The prospectus is supplemented as follows:
1. The previous supplement dated April 20, 2000 is replaced by this
supplement.
2. In the section captioned "About the Fund - The Fund's Investment
Objective and Strategies" on page 3, all references to "the portfolio
management team" are replaced with "the portfolio manager".
3. The bar chart captioned "Annual Total Returns (Class A)" under the
heading "The Fund's Past Performance" on page 5 is amended by
replacing the percentage numbers appearing within the vertical axis of
the chart with the following in descending order:
40%
30
20
10
0
-10
4. The paragraph titled "Portfolio Management" within the section
captioned "The Manager" on page 12 is replaced in its entirety with
the following:
"Effective July 2000, the portfolio manager of the Fund is John Lindenthal, who
is employed by the Sub-Advisor. He is the person primarily responsible for the
day-to-day management of the Fund. Mr. Lindenthal is a managing director, senior
equity portfolio manager and analyst and the head of the corporate accounts
group at Oppenheimer Capital, the immediate parent company of the Sub-Advisor.
Prior to joining Oppenheimer Capital in 1979, he was a senior portfolio manager
responsible primarily for pension assets at Bank of America, and a portfolio
manager responsible for equity management services to pension and profit sharing
plans for Crocker Investment Management.
July 10, 2000 PS225.014
