Oppenheimer LifeSpan Funds
Oppenheimer LifeSpan Growth Fund
Oppenheimer LifeSpan Balanced Fund
Oppenheimer LifeSpan Income Fund
Supplement dated June 18, 1996 to the
Prospectus dated May 1, 1996
The Prospectus is changed as follows:
1. In the chart entitled "Asset Classes and Components" on page
12, the "Range" of the Government/Corporate component of LifeSpan
Income Fund is corrected to read "30-45%."
2. In the section entitled "Dividends" under "Dividends, Capital
Gains and Taxes" starting on page 53, the second, third and fourth
sentences of that section are revised to read as follows:
LifeSpan Growth Fund intends to pay dividends, if any, semi-
annually, normally on the last business day of June and
December. LifeSpan Balanced Fund intends to pay dividends, if
any, quarterly, normally on the last business day of March,
June, September and December. LifeSpan Income Fund intends to
pay dividends, if any, monthly, normally on the last business
day of every month. Distributions may be made semi-annually
by LifeSpan Growth Fund, quarterly by LifeSpan Balanced Fund
and monthly by LifeSpan Income Fund from any net short-term
capital gains the Fund realizes in selling securities. The
Board of Directors can change those dates.
3. In the section entitled "Capital Gains" under "Dividends,
Capital Gains and Taxes" on page 54, a new second sentence is added
as follows: "Each Fund may make supplemental distributions of long-
term capital gains following the end of its fiscal year."
June 18, 1996 PS0000.003
