OPPENHEIMER TARGET FUND
NSAR-A, 1996-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 0000319767
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 3.0.a
000 J000000 U
001 A000000 OPPENHEIMER TARGET FUND
001 B000000 811-3105
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
002 D020000 0203
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012 B000001 84-1562
012 C010001 DENVER
012 C020001 CO
012 C030001 80217
018  000000 Y
019 A000000 Y
019 B000000   48
019 C000000 OPPENHEIMR
020 A000001 FIRST CHICAGO CAPITAL MARKET
020 B000001 36-3595942
020 C000001   2093
020 A000002 MORGAN GUARANTY TRUST CO.
020 B000002 13-5123346
020 C000002   1441
020 A000003 PAINEWEBBER, INC.
020 B000003 13-2638166
020 C000003    761
020 A000004 ZION FIRST NATIONAL BANK
020 B000004 87-0189025
020 C000004    571
020 A000005 SMITH BARNEY,HARRIS UPHAM & CO., INC.
020 B000005 13-3371860
020 C000005     93
020 A000006 CANADIAN IMPERIAL BANK OF COMMERCE
020 B000006 FOREIGN
020 C000006     84
020 A000007 MORGAN STANLEY & CO., INC.
<PAGE>      PAGE  2
020 B000007 13-2655998
020 C000007     72
020 A000008 BEAR SECURITIES CORP.
020 B000008 13-3299429
020 C000008     65
020 A000009 GOLDMAN, SACHS & CO.
020 B000009 13-5108880
020 C000009     58
020 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000010 13-2741729
020 C000010     47
021  000000     5920
022 A000001 PAINEWEBBER, INC.
022 B000001 13-2638166
022 C000001     12677
022 D000001     17462
022 A000002 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000002 13-2741729
022 C000002      9187
022 D000002     17088
022 A000003 SMITH BARNEY, HARRIS UPHAM & CO., INC.
022 B000003 13-3371860
022 C000003      8252
022 D000003     11044
022 A000004 BEAR SECURITIES CORP.
022 B000004 13-3299429
022 C000004      6896
022 D000004     12096
022 A000005 COWEN & CO.
022 B000005 13-5616116
022 C000005      7073
022 D000005     11302
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006      5787
022 D000006     10991
022 A000007 JEFFERIES & CO., INC.
022 B000007 95-2622900
022 C000007      7167
022 D000007      8044
022 A000008 BERNSTEIN (SANFORD C.) & CO., INC.
022 B000008 13-2625874
022 C000008      7496
022 D000008      7388
022 A000009 HERZOG, HEINE, GEDULD, INC.
022 B000009 13-1955436
022 C000009     13397
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022 A000010 BROWN BROTHERS HARRIMAN
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                                             
<CIK>                                                                319767
<NAME>        Target Fund Class A Shares
       
<S>                                                     <C>
<PERIOD-TYPE>                                           6-MOS
<FISCAL-YEAR-END>                                       Dec-31-1996
<PERIOD-START>                                          Jan-01-1996
<PERIOD-END>                                            Jun-30-1996
<INVESTMENTS-AT-COST>                                           628,322,267
<INVESTMENTS-AT-VALUE>                                          840,866,998
<RECEIVABLES>                                                     5,261,805
<ASSETS-OTHER>                                                      112,579
<OTHER-ITEMS-ASSETS>                                                122,298
<TOTAL-ASSETS>                                                  846,363,680
<PAYABLE-FOR-SECURITIES>                                         12,660,766
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                         2,419,996
<TOTAL-LIABILITIES>                                              15,080,762
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                        555,506,661
<SHARES-COMMON-STOCK>                                            26,372,500
<SHARES-COMMON-PRIOR>                                            27,639,405
<ACCUMULATED-NII-CURRENT>                                         2,300,178
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                          60,931,348
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                        212,544,731
<NET-ASSETS>                                                    815,509,033
<DIVIDEND-INCOME>                                                 3,481,355
<INTEREST-INCOME>                                                 3,446,039
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                    4,458,638
<NET-INVESTMENT-INCOME>                                           2,468,756
<REALIZED-GAINS-CURRENT>                                         56,447,749
<APPREC-INCREASE-CURRENT>                                        35,900,392
<NET-CHANGE-FROM-OPS>                                            94,816,897
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                                 0
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                           2,143,495
<NUMBER-OF-SHARES-REDEEMED>                                       3,410,400
<SHARES-REINVESTED>                                                       0
<NET-CHANGE-IN-ASSETS>                                           62,856,120
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                         4,483,599
<OVERDISTRIB-NII-PRIOR>                                             168,578
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                             2,820,183
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                   4,458,638
<AVERAGE-NET-ASSETS>                                            793,775,000
<PER-SHARE-NAV-BEGIN>                                                    27.44
<PER-SHARE-NII>                                                           0.09
<PER-SHARE-GAIN-APPREC>                                                   3.39
<PER-SHARE-DIVIDEND>                                                      0.00
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      30.92
<EXPENSE-RATIO>                                                           1.10
<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>                                                                319767
<NAME>        Target Fund Class B Shares
       
<S>                                                     <C>
<PERIOD-TYPE>                                           6-MOS
<FISCAL-YEAR-END>                                       Dec-31-1996
<PERIOD-START>                                          Jan-01-1996
<PERIOD-END>                                            Jun-30-1996
<INVESTMENTS-AT-COST>                                           628,322,267
<INVESTMENTS-AT-VALUE>                                          840,866,998
<RECEIVABLES>                                                     5,261,805
<ASSETS-OTHER>                                                      112,579
<OTHER-ITEMS-ASSETS>                                                122,298
<TOTAL-ASSETS>                                                  846,363,680
<PAYABLE-FOR-SECURITIES>                                         12,660,766
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                         2,419,996
<TOTAL-LIABILITIES>                                              15,080,762
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                        555,506,661
<SHARES-COMMON-STOCK>                                               172,533
<SHARES-COMMON-PRIOR>                                               100,518
<ACCUMULATED-NII-CURRENT>                                         2,300,178
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                          60,931,348
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                        212,544,731
<NET-ASSETS>                                                      5,299,452
<DIVIDEND-INCOME>                                                 3,481,355
<INTEREST-INCOME>                                                 3,446,039
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                    4,458,638
<NET-INVESTMENT-INCOME>                                           2,468,756
<REALIZED-GAINS-CURRENT>                                         56,447,749
<APPREC-INCREASE-CURRENT>                                        35,900,392
<NET-CHANGE-FROM-OPS>                                            94,816,897
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                                 0
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                             271,985
<NUMBER-OF-SHARES-REDEEMED>                                         199,970
<SHARES-REINVESTED>                                                       0
<NET-CHANGE-IN-ASSETS>                                           62,856,120
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                         4,483,599
<OVERDISTRIB-NII-PRIOR>                                             168,578
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                             2,820,183
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                   4,458,638
<AVERAGE-NET-ASSETS>                                              4,122,000
<PER-SHARE-NAV-BEGIN>                                                    27.37
<PER-SHARE-NII>                                                          (0.07)
<PER-SHARE-GAIN-APPREC>                                                   3.42
<PER-SHARE-DIVIDEND>                                                      0.00
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      30.72
<EXPENSE-RATIO>                                                           1.95
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                                             
<CIK>                                                                319767
<NAME>        Target Fund Class C Shares
       
<S>                                                     <C>
<PERIOD-TYPE>                                           6-MOS
<FISCAL-YEAR-END>                                       Dec-31-1996
<PERIOD-START>                                          Jan-01-1996
<PERIOD-END>                                            Jun-30-1996
<INVESTMENTS-AT-COST>                                           628,322,267
<INVESTMENTS-AT-VALUE>                                          840,866,998
<RECEIVABLES>                                                     5,261,805
<ASSETS-OTHER>                                                      112,579
<OTHER-ITEMS-ASSETS>                                                122,298
<TOTAL-ASSETS>                                                  846,363,680
<PAYABLE-FOR-SECURITIES>                                         12,660,766
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                         2,419,996
<TOTAL-LIABILITIES>                                              15,080,762
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                        555,506,661
<SHARES-COMMON-STOCK>                                               344,279
<SHARES-COMMON-PRIOR>                                               266,928
<ACCUMULATED-NII-CURRENT>                                         2,300,178
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                          60,931,348
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                        212,544,731
<NET-ASSETS>                                                     10,474,433
<DIVIDEND-INCOME>                                                 3,481,355
<INTEREST-INCOME>                                                 3,446,039
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                    4,458,638
<NET-INVESTMENT-INCOME>                                           2,468,756
<REALIZED-GAINS-CURRENT>                                         56,447,749
<APPREC-INCREASE-CURRENT>                                        35,900,392
<NET-CHANGE-FROM-OPS>                                            94,816,897
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                                 0
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                             123,266
<NUMBER-OF-SHARES-REDEEMED>                                          45,915
<SHARES-REINVESTED>                                                       0
<NET-CHANGE-IN-ASSETS>                                           62,856,120
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                         4,483,599
<OVERDISTRIB-NII-PRIOR>                                             168,578
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                             2,820,183
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                   4,458,638
<AVERAGE-NET-ASSETS>                                              8,692,000
<PER-SHARE-NAV-BEGIN>                                                    27.11
<PER-SHARE-NII>                                                          (0.01)
<PER-SHARE-GAIN-APPREC>                                                   3.32
<PER-SHARE-DIVIDEND>                                                      0.00
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      30.42
<EXPENSE-RATIO>                                                           1.94
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>


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