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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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028 C031300 0
028 C041300 23
028 D011300 486
028 D021300 0
028 D031300 0
028 D041300 23
028 E011300 0
<PAGE> PAGE 21
028 E021300 0
028 E031300 0
028 E041300 0
028 F011300 0
028 F021300 0
028 F031300 0
028 F041300 0
028 G011300 2859
028 G021300 0
028 G031300 0
028 G041300 134
028 H001300 1168
029 001300 Y
030 A001300 104
030 B001300 5.75
030 C001300 0.00
031 A001300 69
031 B001300 0
032 001300 35
033 001300 0
034 001300 Y
035 001300 0
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036 B001300 0
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 100
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 0
043 001300 95
044 001300 0
055 A001300 N
055 B001300 N
056 001300 N
057 001300 N
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
<PAGE> PAGE 22
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
070 A011300 Y
070 A021300 Y
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 N
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 N
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 29484
071 B001300 23866
071 C001300 37155
071 D001300 64
072 A001300 10
072 B001300 694
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<PAGE> PAGE 23
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072 H001300 0
072 I001300 14
072 J001300 27
072 K001300 2
072 L001300 3
072 M001300 2
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072 P001300 0
072 Q001300 50
072 R001300 62
072 S001300 8
072 T001300 95
072 U001300 0
072 V001300 0
072 W001300 3
072 X001300 559
072 Y001300 0
072 Z001300 610
072AA001300 4025
072BB001300 1818
072CC011300 2238
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072DD021300 9
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073 A011300 0.0900
073 A021300 0.0610
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074 B001300 4857
074 C001300 0
074 D001300 8766
074 E001300 140
074 F001300 32598
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074 H001300 0
074 I001300 7
074 J001300 156
074 K001300 0
074 L001300 267
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074 R011300 0
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<PAGE> PAGE 24
074 R041300 57
074 S001300 0
074 T001300 46526
074 U011300 3441
074 U021300 188
074 V011300 12.78
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074 W001300 0.0000
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076 001300 0.00
SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> Oppenheimer Disciplined Value Fund - A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> OPPENHEIMER LIFESPAN INCOME FUND-A
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<GROSS-ADVISORY-FEES> 161,101
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 337,460
<AVERAGE-NET-ASSETS> 25,463,266
<PER-SHARE-NAV-BEGIN> 10.70
<PER-SHARE-NII> 0.48
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> 0.48
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.65
<EXPENSE-RATIO> 1.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 356865
<NAME> OPPENHEIMER LIFESPAN INCOME FUND-B
<SERIES>
<NUMBER> 11
<NAME> OPPENHEIMER SERIES FUND, INC.
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 25,253,427
<INVESTMENTS-AT-VALUE> 26,271,162
<RECEIVABLES> 431,311
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 159,343
<TOTAL-ASSETS> 26,861,816
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77,201
<TOTAL-LIABILITIES> 77,201
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,396,736
<SHARES-COMMON-STOCK> 42,628
<SHARES-COMMON-PRIOR> 17,888
<ACCUMULATED-NII-CURRENT> 11
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 370,133
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,017,735
<NET-ASSETS> 455,667
<DIVIDEND-INCOME> 230,383
<INTEREST-INCOME> 1,273,168
<OTHER-INCOME> 0
<EXPENSES-NET> 337,460
<NET-INVESTMENT-INCOME> 1,166,091
<REALIZED-GAINS-CURRENT> 375,456
<APPREC-INCREASE-CURRENT> (394,375)
<NET-CHANGE-FROM-OPS> 1,147,172
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14,052
<DISTRIBUTIONS-OF-GAINS> 925
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,725
<NUMBER-OF-SHARES-REDEEMED> 271
<SHARES-REINVESTED> 1,286
<NET-CHANGE-IN-ASSETS> 1,973,080
<ACCUMULATED-NII-PRIOR> 12,342
<ACCUMULATED-GAINS-PRIOR> 59,466
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 161,101
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 337,460
<AVERAGE-NET-ASSETS> 350,226
<PER-SHARE-NAV-BEGIN> 10.74
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> 0.41
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.69
<EXPENSE-RATIO> 2.31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 356865
<NAME> OPPENHEIMER LIFESPAN INCOME FUND-C
<SERIES>
<NUMBER> 11
<NAME> OPPENHEIMER SERIES FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> MAY-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 25,253,427
<INVESTMENTS-AT-VALUE> 26,271,162
<RECEIVABLES> 431,311
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 159,343
<TOTAL-ASSETS> 26,861,816
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77,201
<TOTAL-LIABILITIES> 77,201
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,396,736
<SHARES-COMMON-STOCK> 95
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 11
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 370,133
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,017,735
<NET-ASSETS> 1,013
<DIVIDEND-INCOME> 230,383
<INTEREST-INCOME> 1,273,168
<OTHER-INCOME> 0
<EXPENSES-NET> 337,460
<NET-INVESTMENT-INCOME> 1,166,091
<REALIZED-GAINS-CURRENT> 375,456
<APPREC-INCREASE-CURRENT> (394,375)
<NET-CHANGE-FROM-OPS> 1,147,172
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 24
<DISTRIBUTIONS-OF-GAINS> 2
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 95
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,973,080
<ACCUMULATED-NII-PRIOR> 12,342
<ACCUMULATED-GAINS-PRIOR> 59,466
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 161,101
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 337,460
<AVERAGE-NET-ASSETS> 1,062
<PER-SHARE-NAV-BEGIN> 10.53
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.16
<PER-SHARE-DIVIDEND> 0.25
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.66
<EXPENSE-RATIO> 2.25
<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> 356865
<NAME> OPPENHEIMER LIFESPAN BALANCED FUND-A
<SERIES>
<NUMBER> 12
<NAME> OPPENHEIMER SERIES FUND, INC.
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 48,787,124
<INVESTMENTS-AT-VALUE> 54,254,328
<RECEIVABLES> 678,809
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 320,078
<TOTAL-ASSETS> 55,253,215
<PAYABLE-FOR-SECURITIES> 314,057
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,817
<TOTAL-LIABILITIES> 427,874
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,664,373
<SHARES-COMMON-STOCK> 4,376,638
<SHARES-COMMON-PRIOR> 3,787,271
<ACCUMULATED-NII-CURRENT> 194,574
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,499,219
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,467,175
<NET-ASSETS> 52,103,832
<DIVIDEND-INCOME> 444,888
<INTEREST-INCOME> 1,467,536
<OTHER-INCOME> 0
<EXPENSES-NET> 642,762
<NET-INVESTMENT-INCOME> 1,269,662
<REALIZED-GAINS-CURRENT> 1,455,276
<APPREC-INCREASE-CURRENT> 1,910,667
<NET-CHANGE-FROM-OPS> 4,635,605
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 919,554
<DISTRIBUTIONS-OF-GAINS> 140,249
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 591,611
<NUMBER-OF-SHARES-REDEEMED> 92,638
<SHARES-REINVESTED> 90,394
<NET-CHANGE-IN-ASSETS> 12,523,649
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 90,126
<OVERDISTRIB-NII-PRIOR> 24,131
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 344,756
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 642,762
<AVERAGE-NET-ASSETS> 47,115,953
<PER-SHARE-NAV-BEGIN> 11.05
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.81
<PER-SHARE-DIVIDEND> 0.22
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.90
<EXPENSE-RATIO> 1.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 356865
<NAME> OPPENHEIMER LIFESPAN BALANCED FUND-B
<SERIES>
<NUMBER> 12
<NAME> OPPENHEIMER SERIES FUND, INC.
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 48,787,124
<INVESTMENTS-AT-VALUE> 54,254,328
<RECEIVABLES> 678,809
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 320,078
<TOTAL-ASSETS> 55,253,215
<PAYABLE-FOR-SECURITIES> 314,057
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,817
<TOTAL-LIABILITIES> 427,874
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,664,373
<SHARES-COMMON-STOCK> 158,021
<SHARES-COMMON-PRIOR> 39,478
<ACCUMULATED-NII-CURRENT> 194,574
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,499,219
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,467,175
<NET-ASSETS> 1,893,260
<DIVIDEND-INCOME> 444,888
<INTEREST-INCOME> 1,467,536
<OTHER-INCOME> 0
<EXPENSES-NET> 642,762
<NET-INVESTMENT-INCOME> 1,269,662
<REALIZED-GAINS-CURRENT> 1,455,276
<APPREC-INCREASE-CURRENT> 1,910,667
<NET-CHANGE-FROM-OPS> 4,635,605
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 21,226
<DISTRIBUTIONS-OF-GAINS> 3,811
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 118,679
<NUMBER-OF-SHARES-REDEEMED> 2,244
<SHARES-REINVESTED> 2,108
<NET-CHANGE-IN-ASSETS> 12,523,649
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 90,126
<OVERDISTRIB-NII-PRIOR> 24,131
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 344,756
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 642,762
<AVERAGE-NET-ASSETS> 1,225,018
<PER-SHARE-NAV-BEGIN> 11.16
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 0.82
<PER-SHARE-DIVIDEND> 0.17
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.98
<EXPENSE-RATIO> 2.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 356865
<NAME> OPPENHEIMER LIFESPAN BALANCED FUND-C
<SERIES>
<NUMBER> 12
<NAME> OPPENHEIMER SERIES FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> MAY-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 48,787,124
<INVESTMENTS-AT-VALUE> 54,254,328
<RECEIVABLES> 678,809
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 320,078
<TOTAL-ASSETS> 55,253,215
<PAYABLE-FOR-SECURITIES> 314,057
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,817
<TOTAL-LIABILITIES> 427,874
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,664,373
<SHARES-COMMON-STOCK> 69,708
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 194,574
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,499,219
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,467,175
<NET-ASSETS> 828,249
<DIVIDEND-INCOME> 444,888
<INTEREST-INCOME> 1,467,536
<OTHER-INCOME> 0
<EXPENSES-NET> 642,762
<NET-INVESTMENT-INCOME> 1,269,662
<REALIZED-GAINS-CURRENT> 1,455,276
<APPREC-INCREASE-CURRENT> 1,910,667
<NET-CHANGE-FROM-OPS> 4,635,605
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,575
<DISTRIBUTIONS-OF-GAINS> 1,725
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 68,739
<NUMBER-OF-SHARES-REDEEMED> 85
<SHARES-REINVESTED> 1,054
<NET-CHANGE-IN-ASSETS> 12,523,649
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 90,126
<OVERDISTRIB-NII-PRIOR> 24,131
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 344,756
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 642,762
<AVERAGE-NET-ASSETS> 550,818
<PER-SHARE-NAV-BEGIN> 11.74
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 0.24
<PER-SHARE-DIVIDEND> 0.20
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.88
<EXPENSE-RATIO> 2.27
<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> 356865
<NAME> Oppenheimer LifeSpan Growth Fund - A
<SERIES>
<NUMBER> 13
<NAME> Oppenheimer Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 40,539,170
<INVESTMENTS-AT-VALUE> 46,367,764
<RECEIVABLES> 423,285
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 98,146
<TOTAL-ASSETS> 46,889,195
<PAYABLE-FOR-SECURITIES> 304,182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,801
<TOTAL-LIABILITIES> 362,983
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,263,969
<SHARES-COMMON-STOCK> 3,440,864
<SHARES-COMMON-PRIOR> 3,018,681
<ACCUMULATED-NII-CURRENT> 171,706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,261,956
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,828,581
<NET-ASSETS> 43,980,330
<DIVIDEND-INCOME> 474,870
<INTEREST-INCOME> 694,534
<OTHER-INCOME> 0
<EXPENSES-NET> 559,005
<NET-INVESTMENT-INCOME> 610,399
<REALIZED-GAINS-CURRENT> 2,207,221
<APPREC-INCREASE-CURRENT> 2,238,220
<NET-CHANGE-FROM-OPS> 5,055,840
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 289,194
<DISTRIBUTIONS-OF-GAINS> 129,620
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 424,020
<NUMBER-OF-SHARES-REDEEMED> 35,427
<SHARES-REINVESTED> 33,590
<NET-CHANGE-IN-ASSETS> 11,597,687
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 78,195
<OVERDISTRIB-NII-PRIOR> 29,003
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 290,999
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 559,005
<AVERAGE-NET-ASSETS> 39,576,424
<PER-SHARE-NAV-BEGIN> 11.39
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 1.34
<PER-SHARE-DIVIDEND> 0.09
<PER-SHARE-DISTRIBUTIONS> 0.04
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.78
<EXPENSE-RATIO> 1.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 356865
<NAME> Oppenheimer LifeSpan Growth Fund - B
<SERIES>
<NUMBER> 13
<NAME> Oppenheimer Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 40,539,170
<INVESTMENTS-AT-VALUE> 46,367,764
<RECEIVABLES> 423,285
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 98,146
<TOTAL-ASSETS> 46,889,195
<PAYABLE-FOR-SECURITIES> 304,182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,801
<TOTAL-LIABILITIES> 362,983
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,263,969
<SHARES-COMMON-STOCK> 187,750
<SHARES-COMMON-PRIOR> 48,894
<ACCUMULATED-NII-CURRENT> 171,706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,261,956
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,828,581
<NET-ASSETS> 2,405,006
<DIVIDEND-INCOME> 474,870
<INTEREST-INCOME> 694,534
<OTHER-INCOME> 0
<EXPENSES-NET> 559,005
<NET-INVESTMENT-INCOME> 610,399
<REALIZED-GAINS-CURRENT> 2,207,221
<APPREC-INCREASE-CURRENT> 2,238,220
<NET-CHANGE-FROM-OPS> 5,055,840
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9,326
<DISTRIBUTIONS-OF-GAINS> 4,802
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 154,309
<NUMBER-OF-SHARES-REDEEMED> 16,551
<SHARES-REINVESTED> 1,098
<NET-CHANGE-IN-ASSETS> 11,597,687
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 78,195
<OVERDISTRIB-NII-PRIOR> 29,003
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 290,999
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 559,005
<AVERAGE-NET-ASSETS> 1,475,000
<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 1.36
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.04
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.81
<EXPENSE-RATIO> 2.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 356865
<NAME> Oppenheimer LifeSpan Growth Fund - C
<SERIES>
<NUMBER> 13
<NAME> Oppenheimer Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> MAY-01-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 40,539,170
<INVESTMENTS-AT-VALUE> 46,367,764
<RECEIVABLES> 423,285
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 98,146
<TOTAL-ASSETS> 46,889,195
<PAYABLE-FOR-SECURITIES> 304,182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,801
<TOTAL-LIABILITIES> 362,983
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,263,969
<SHARES-COMMON-STOCK> 11,060
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 171,706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,261,956
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,828,581
<NET-ASSETS> 140,876
<DIVIDEND-INCOME> 474,870
<INTEREST-INCOME> 694,534
<OTHER-INCOME> 0
<EXPENSES-NET> 559,005
<NET-INVESTMENT-INCOME> 610,399
<REALIZED-GAINS-CURRENT> 2,207,221
<APPREC-INCREASE-CURRENT> 2,238,220
<NET-CHANGE-FROM-OPS> 5,055,840
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 143
<DISTRIBUTIONS-OF-GAINS> 65
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,124
<NUMBER-OF-SHARES-REDEEMED> 80
<SHARES-REINVESTED> 16
<NET-CHANGE-IN-ASSETS> 11,597,687
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 78,195
<OVERDISTRIB-NII-PRIOR> 29,003
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 290,999
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 559,005
<AVERAGE-NET-ASSETS> 54,121
<PER-SHARE-NAV-BEGIN> 12.49
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 0.27
<PER-SHARE-DIVIDEND> 0.09
<PER-SHARE-DISTRIBUTIONS> 0.04
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.74
<EXPENSE-RATIO> 2.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<PAGE>
THE BOARD OF TRUSTEES AND SHAREHOLDERS OF
OPPENHEIMER DISCIPLINED ALLOCATION FUND:
In planning and performing our audit of the financial statements of Oppenheimer
Disciplined Allocation Fund for the ten-month period ended October 31, 1996, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of Oppenheimer Disciplined Allocation Fund is responsible for
establishing and maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we considered to be material weaknesses as defined above as of
October 31, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
/S/KPMG PEAT MARWICK LLP
KPMG PEAT MARWICK LLP
Denver, Colorado
November 21, 1996
<PAGE>
THE BOARD OF TRUSTEES AND SHAREHOLDERS OF
OPPENHEIMER DISCIPLINED VALUE FUND:
In planning and performing our audit of the financial statements of Oppenheimer
Disciplined Value Fund for the ten-month period ended October 31, 1996, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of Oppenheimer Disciplined Value Fund is responsible for
establishing and maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we considered to be material weaknesses as defined above as of
October 31, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
/S/KPMG PEAT MARWICK LLP
KPMG PEAT MARWICK LLP
Denver, Colorado
November 21, 1996
<PAGE>
THE BOARD OF TRUSTEES AND SHAREHOLDERS OF
OPPENHEIMER SERIES FUND, INC.:
In planning and performing our audit of the financial statements of Oppenheimer
LifeSpan Income Fund, Oppenheimer LifeSpan Balanced Fund and Oppenheimer
LifeSpan Growth Fund (collectively Oppenheimer Series Fund, Inc.) for the
ten-month period ended October 31, 1996, we considered its internal control
structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of Oppenheimer Series Fund, Inc. is responsible for establishing
and maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we considered to be material weaknesses as defined above as of
October 31, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
/S/KPMG PEAT MARWICK LLP
KPMG PEAT MARWICK LLP
Denver, Colorado
November 21, 1996
<PAGE>
During the period ended October 31, 1996, the Fund adjusted the classification
of net investment income and capital gain (loss) to reflect the differences
between financial statement amounts and distributions determined in accordance
with income tax regulations. During the period ended October 31, 1996, amounts
have been reclassified to reflect a decrease in paid-in capital of $49,014, an
increase in accumulated net realized gain of $48,912 and an increase in
undistributed net investment income of $102.
<PAGE>
During the ten month period ended October 31, 1996, the Fund adjusted the
classification of investment income and capital gain (loss) to shareholders to
reflect the differences between financial statement amounts and distributions
determined in accordance with income tax regulations. During the ten month
period ended October 31, 1996, amounts have been reclassified to reflect an
increase in paid-in capital of $648, a decrease in accumulated net realized gain
of $1,039, and an increase in undistributed net investment income of $391.
<PAGE>
During the period ended October 31, 1996, the Funds also adjusted the
classification of net investment income and capital gain (loss) to reflect other
differences between financial statement amounts and distributions determined in
accordance with income tax regulations. Changes in classification during the
period ended October 31, 1996 are shown below:
Adjustments for the Period Ended October 31, 1996
-------------------------------------------------
Undistributed Net Accumulated Net
Investment Income Realized Gain on
Investments
- --------------------------------------------------------------------------------
LifeSpan Balanced Fund $(49,119) $49,119
LifeSpan Growth Fund $(51,023) $51,023
In addition, to properly reflect foreign currency loss in the components of
capital, foreign exchange loss determined according to U.S. federal income tax
rules has been reclassified from accumulated net realized gain to undistributed
net investment income as follows:
LifeSpan Balanced Fund................$50,483
LifeSpan Growth Fund..................$60,004
