OPPENHEIMER CAPITAL APPRECIATION FUND
NSAR-A, 1997-04-29
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000 C000000 0000319767
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001 A000000 OPPENHEIMER CAPITAL APPRECIATION FUND
001 B000000 811-3105
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
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002 D010000 10048
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011 C030001 10048
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012 A000001 OPPENHEIMERFUNDS SERVICES
012 B000001 84-1562
012 C010001 DENVER
012 C020001 CO
012 C030001 80217
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
015 A000001 THE BANK OF NEW YORK
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<PAGE>      PAGE  2
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020 A000001 FIRST BOSTON CORP. (THE)
020 B000001 13-5659485
020 C000001     69
020 A000002 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000002 13-5674085
020 C000002     33
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES,CORP.
020 B000003 13-2741729
020 C000003     24
020 A000004 BEAR STERN SECURITIES CORP.
020 B000004 13-3299429
020 C000004     22
020 A000005 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000005 13-2625874
020 C000005     21
020 A000006 LEHMAN BROTHERS, INC.
020 B000006 13-2518466
020 C000006     20
020 A000007 SALOMON BROTHERS, INC.
020 B000007 13-3082694
020 C000007     20
020 A000008 COWEN & CO.
020 B000008 13-5616116
020 C000008     18
020 A000009 OPPENHEIMER & CO., INC.
020 B000009 13-2798343
020 C000009     17
020 A000010 BLAIR (WILLIAM) & CO.
020 B000010 36-2214610
020 C000010     17
021  000000      538
022 A000001 MORGAN GUARANTY TRUST CO.
022 B000001 13-5123346
022 C000001   7875900
022 D000001         0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002   6613470
022 D000002      6240
022 A000003 ZION FIRST NATIONAL BANK
022 B000003 87-0189025
022 C000003   4105100
022 D000003         0
022 A000004 PAINEWEBBER, INC.
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022 C000004   1773656
022 D000004     15998
<PAGE>      PAGE  3
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022 B000005 13-5659485
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022 C000008     10608
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022 A000009 LEHMAN BROTHERS, INC.
022 B000009 13-2518466
022 C000009       870
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022 A000010 COWEN & CO.
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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>           Oppenheimer Capital Appreciation Fund -  Class A
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       Aug-31-1997
<PERIOD-START>                                                          Sep-01-1996
<PERIOD-END>                                                            Feb-28-1997
<INVESTMENTS-AT-COST>                                                                 752,793,730
<INVESTMENTS-AT-VALUE>                                                              1,018,100,096
<RECEIVABLES>                                                                           9,010,862
<ASSETS-OTHER>                                                                             20,967
<OTHER-ITEMS-ASSETS>                                                                            0
<TOTAL-ASSETS>                                                                      1,027,131,925
<PAYABLE-FOR-SECURITIES>                                                                6,778,855
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,348,520
<TOTAL-LIABILITIES>                                                                    11,127,375
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              696,855,900
<SHARES-COMMON-STOCK>                                                                  30,090,147
<SHARES-COMMON-PRIOR>                                                                  25,596,271
<ACCUMULATED-NII-CURRENT>                                                                 566,290
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                53,273,162
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              265,309,198
<NET-ASSETS>                                                                          978,077,216
<DIVIDEND-INCOME>                                                                       3,001,730
<INTEREST-INCOME>                                                                       4,461,005
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          4,924,625
<NET-INVESTMENT-INCOME>                                                                 2,538,110
<REALIZED-GAINS-CURRENT>                                                               70,210,318
<APPREC-INCREASE-CURRENT>                                                              77,385,712
<NET-CHANGE-FROM-OPS>                                                                 150,134,140
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                               4,636,958
<DISTRIBUTIONS-OF-GAINS>                                                               94,225,656
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                 4,101,930
<NUMBER-OF-SHARES-REDEEMED>                                                             2,675,150
<SHARES-REINVESTED>                                                                     3,067,096
<NET-CHANGE-IN-ASSETS>                                                                211,698,109
<ACCUMULATED-NII-PRIOR>                                                                 2,693,760
<ACCUMULATED-GAINS-PRIOR>                                                              80,357,003
<OVERDISTRIB-NII-PRIOR>                                                                         0
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   3,234,232
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         4,924,625
<AVERAGE-NET-ASSETS>                                                                  922,499,000
<PER-SHARE-NAV-BEGIN>                                                                          30.81
<PER-SHARE-NII>                                                                                 0.09
<PER-SHARE-GAIN-APPREC>                                                                         5.32
<PER-SHARE-DIVIDEND>                                                                            0.17
<PER-SHARE-DISTRIBUTIONS>                                                                       3.55
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            32.50
<EXPENSE-RATIO>                                                                                 1.02
<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>           Oppenheimer Capital Appreciation Fund -  Class B
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       Aug-31-1997
<PERIOD-START>                                                          Sep-01-1996
<PERIOD-END>                                                            Feb-28-1997
<INVESTMENTS-AT-COST>                                                                 752,793,730
<INVESTMENTS-AT-VALUE>                                                              1,018,100,096
<RECEIVABLES>                                                                           9,010,862
<ASSETS-OTHER>                                                                             20,967
<OTHER-ITEMS-ASSETS>                                                                            0
<TOTAL-ASSETS>                                                                      1,027,131,925
<PAYABLE-FOR-SECURITIES>                                                                6,778,855
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,348,520
<TOTAL-LIABILITIES>                                                                    11,127,375
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              696,855,900
<SHARES-COMMON-STOCK>                                                                     644,240
<SHARES-COMMON-PRIOR>                                                                     178,275
<ACCUMULATED-NII-CURRENT>                                                                 566,290
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                53,273,162
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              265,309,198
<NET-ASSETS>                                                                           20,722,648
<DIVIDEND-INCOME>                                                                       3,001,730
<INTEREST-INCOME>                                                                       4,461,005
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          4,924,625
<NET-INVESTMENT-INCOME>                                                                 2,538,110
<REALIZED-GAINS-CURRENT>                                                               70,210,318
<APPREC-INCREASE-CURRENT>                                                              77,385,712
<NET-CHANGE-FROM-OPS>                                                                 150,134,140
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                  28,622
<DISTRIBUTIONS-OF-GAINS>                                                                1,583,385
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                   680,896
<NUMBER-OF-SHARES-REDEEMED>                                                               266,448
<SHARES-REINVESTED>                                                                        51,517
<NET-CHANGE-IN-ASSETS>                                                                211,698,109
<ACCUMULATED-NII-PRIOR>                                                                 2,693,760
<ACCUMULATED-GAINS-PRIOR>                                                              80,357,003
<OVERDISTRIB-NII-PRIOR>                                                                         0
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   3,234,232
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         4,924,625
<AVERAGE-NET-ASSETS>                                                                   13,888,000
<PER-SHARE-NAV-BEGIN>                                                                          30.56
<PER-SHARE-NII>                                                                                 0.05
<PER-SHARE-GAIN-APPREC>                                                                         5.17
<PER-SHARE-DIVIDEND>                                                                            0.06
<PER-SHARE-DISTRIBUTIONS>                                                                       3.55
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            32.17
<EXPENSE-RATIO>                                                                                 1.92
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>                                                                319767
<NAME>           Oppenheimer Capital Appreciation Fund -  Class C
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       Aug-31-1997
<PERIOD-START>                                                          Sep-01-1996
<PERIOD-END>                                                            Feb-28-1997
<INVESTMENTS-AT-COST>                                                                 752,793,730
<INVESTMENTS-AT-VALUE>                                                              1,018,100,096
<RECEIVABLES>                                                                           9,010,862
<ASSETS-OTHER>                                                                             20,967
<OTHER-ITEMS-ASSETS>                                                                            0
<TOTAL-ASSETS>                                                                      1,027,131,925
<PAYABLE-FOR-SECURITIES>                                                                6,778,855
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,348,520
<TOTAL-LIABILITIES>                                                                    11,127,375
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              696,855,900
<SHARES-COMMON-STOCK>                                                                     539,279
<SHARES-COMMON-PRIOR>                                                                     342,134
<ACCUMULATED-NII-CURRENT>                                                                 566,290
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                53,273,162
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              265,309,198
<NET-ASSETS>                                                                           17,204,686
<DIVIDEND-INCOME>                                                                       3,001,730
<INTEREST-INCOME>                                                                       4,461,005
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          4,924,625
<NET-INVESTMENT-INCOME>                                                                 2,538,110
<REALIZED-GAINS-CURRENT>                                                               70,210,318
<APPREC-INCREASE-CURRENT>                                                              77,385,712
<NET-CHANGE-FROM-OPS>                                                                 150,134,140
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                       0
<DISTRIBUTIONS-OF-GAINS>                                                                1,485,118
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                   215,585
<NUMBER-OF-SHARES-REDEEMED>                                                                64,030
<SHARES-REINVESTED>                                                                        45,590
<NET-CHANGE-IN-ASSETS>                                                                211,698,109
<ACCUMULATED-NII-PRIOR>                                                                 2,693,760
<ACCUMULATED-GAINS-PRIOR>                                                              80,357,003
<OVERDISTRIB-NII-PRIOR>                                                                         0
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   3,234,232
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         4,924,625
<AVERAGE-NET-ASSETS>                                                                   13,738,000
<PER-SHARE-NAV-BEGIN>                                                                          30.27
<PER-SHARE-NII>                                                                                 0.00
<PER-SHARE-GAIN-APPREC>                                                                         5.18
<PER-SHARE-DIVIDEND>                                                                            0.00
<PER-SHARE-DISTRIBUTIONS>                                                                       3.55
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            31.90
<EXPENSE-RATIO>                                                                                 1.88
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>


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